Note 4 - Leases

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

NOTE 4: LEASES

The Company leases substantially all of its office space and vehicles under operating leases. The Company's leases have original lease periods expiring between 2023 and 2034. Many leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably certain. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early.

The following is a summary of weighted average remaining lease terms and discount rates for all of the Company’s operating leases:

	March 31, 2023 (Unaudited)
Weighted average remaining lease term (years)		4.85
Weighted average discount rates		3.51	%

Total operating lease cost and cash payments for operating leases were as follows:

	Three months ended March 31,
	2023 (unaudited)		2022 (unaudited)
Operating lease cost	$	822	$	800
Cash payments for operating leases	$	819	$	830

Maturities of lease liabilities are as follows:

The remainder of 2023	$	2,257
2024		2,589
2025		1,979
2026		970
2027		962
2028 and thereafter		1,361
Total undiscounted cash flows		10,118
Less imputed interest		730
Present value of lease liabilities	$	9,388