Note 18 - Commitments

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

1 8 . COMMITMENTS

Executive Severance Agreements with Rocco Campanelli

and

Kevin Miller

The Company is a party to Executive Severance Agreements (the “Executive Severance Agreements”) as of

February

28,

2014,

with Rocco Campanelli, the Company’s President and Chief Executive Officer and Kevin Miller, the Company’s Chief Financial Officer, which set forth the terms and conditions of certain payments to be made by the Company to each executive in the event, while employed by the Company, such executive experiences (a) a termination of employment unrelated to a “Change in Control” (as defined therein) or (b) there occurs a Change in Control and either (i) the executive’s employment is terminated for a reason related to the Change in Control or (ii) the executive remains continuously employed with the Company for a specified period of time following the Change in Control (i.e.,

twelve

months for Mr. Campanelli and

three

months for Mr. Miller). The Executive Severance Agreements also provide for certain payments, if either (a) the executive is involuntarily terminated by the Company for any reason other than “Cause” (as defined therein), “Disability” (as defined therein) or death, or (b) the executive resigns for “Good Reason” (as defined therein), and, in each case, the termination is not a “Termination Related to a Change in Control” (as defined therein).

Operating Leases

The Company leases office facilities and various equipment under non-cancelable leases expiring at various dates through

March

2022.

Certain leases are subject to escalation clauses based upon changes in various factors. The minimum future annual operating lease commitments for leases with non-cancelable terms, exclusive of unknown operating escalation charges, are as follows ($ in thousands):

Fiscal Years	Amount
2017	$	2,988
2018		2,366
2019		1,006
2020		525
2021		154
Thereafter		24
Total	$	7,063

Rent expense for the fiscal years ended

December

31,

2016

and

January

2,

2016

was

$3,186

and

$2,952,

respectively.

The Company, from time to time, subleases space to other

tenants

at various office locations under lease agreements. During the fiscal year ended

December

31,

2016,

there were

no

sublease payments. During the fiscal year ended

January

2,

2016,

payments of approximately

$165

were received under these leasing arrangements. The Company offsets these payments against its expense for reporting purposes.