Note 5 - Leases

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Lease Disclosure [Text Block]

NOTE

5.

LEASES

We have operating leases for certain manufacturing sites, office space, and equipment. Most leases include the option to renew, with renewal terms that can extend the lease term from

one

to

five

years or more. Right-of-use lease assets and lease liabilities are recognized at the commencement date based on the present value of the remaining lease payments over the lease term which includes renewal periods we are reasonably certain to exercise. Our leases do

not

contain any material residual value guarantees or material restrictive covenants. At

June 30, 2020,

we do

not

have material lease commitments that have

not

commenced.

Supplemental balance sheet information related to leases was as follows:

	Balance Sheet Location	June 30, 2020
Assets
Operating lease assets	Operating lease assets	$	4,446
Finance lease assets	Property, Plant and Equipment		2,842
Total leased assets		$	7,288
Liabilities
Current
Current operating lease liabilities	Current Portion of Operating Lease Obligations		791
Current finance lease liabilities	Current Portion of Finance Lease Obligations		643
Noncurrent
Long-term operating lease liabilities	Long Term Operating Lease Liabilities, Net		4,132
Long term finance lease liabilities	Long Term Finance Lease Obligations, Net		1,486
Total lease liabilities		$	7,052

Supplemental cash flow information related to leases was as follows:

	Three Months Ended June 30,
	2020
Operating leases
Cash paid for amounts included in the measurement of lease liabilities	$	215
Right-of-use assets obtained in exchange for lease obligations	$	—

Maturities of lease liabilities were as follows:

	Operating Leases			Finance Leases			Total
Remaining 2020	$	435		$	391		$	826
2021		722			738			1,460
2022		726			575			1,301
2023		738			333			1,071
2024		798			277			1,075
Thereafter		2,582			20			2,602
Total lease payments	$	6,001		$	2,334		$	8,335
Less: Interest		(1,078	)		(205	)		(1,283	)
Present value of lease liabilities	$	4,923		$	2,129		$	7,052

The lease term and discount rate at

June 30, 2020

were as follows:

Weighted-average remaining lease term (years)
Operating leases	7.5
Finance leases	3.2
Weighted-average discount rate
Operating leases	4.8	%
Finance leases	4.9	%