Note 11 - Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following tables summarize the lease activity for the three and nine months ended September 30, 2019:

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Lease cost:
Operating lease cost	$	1,089	$	3,466
Finance lease cost
Amortization of ROU assets		71		215
Interest on lease liabilities		31		119
Short-term lease cost		283		849
Total lease cost	$	1,474	$	4,649

	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Supplemental cash flow information:
Operating cash flows from operating leases	$	(909	)	$	(2,971	)
Operating cash flows from finance leases		(68	)		(119	)
Financing cash flows from finance leases		(233	)		(760	)

				September 30, 2019
Supplemental balance sheet information:
Weighted-average remaining lease term - operating leases (yrs)					9.8
Weighted-average remaining lease term - finance leases (yrs)					2.4
Weighted-average discount rate - operating leases					4.2	%
Weighted-average discount rate - finance leases					6.3	%

Reconciliation of Undiscounted Cash Flows to Operating and Finance Lease Liabilities

Below is a reconciliation of the Company’s undiscounted cash flows to the operating and finance lease liabilities recognized in the consolidated balance sheet.

	Total Undiscounted Cash Flows
	Operating Leases		Finance Leases
2019	$	4,139	$	1,126
2020		4,654		1,033
2021		4,716		596
2022		4,677		201
2023		4,699		43
2024+		26,138		-
		49,023		2,999

Present values ("PV"):
Lease liabilities, current		3,014		1,136
Lease liabilities, non-current		33,099		803
Total PV of lease liabilities		36,113		1,939
Difference between undiscounted cash flows and discounted cash flows	$	12,910	$	1,060

Schedule of Future Minimum Commitments Under Non-cancelable Operating Lease Arrangements

At December 31, 2018, under ASC 840, the Company had operating leases expiring on various dates through the year 2029. The leases were primarily for the rental of office space. At December 31, 2018, future minimum commitments under non-cancelable operating lease arrangements were as follows:

	Total Undiscounted Cash Flows
2019	$	1,004
2020		1,204
2021		1,126
2022		974
2023		937
2024+		3,220
	$	8,465