Note 8 - Leases

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Lessee, Operating Leases and Finance Leases [Text Block]

8. Leases

The components of lease expense and other information are as follows: 

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Amortization of ROU Assets		49		-		86		-
Interest on finance lease liabilities		8		-		15		-
Finance lease expense	$	57	$	-	$	101	$	-
Operating lease expense		595		521		1,169		1,043
Short-term lease expense		-		4		-		6
Variable lease expense		74		60		137		112
Total lease expense	$	726	$	585	$	1,407	$	1,161

	For the Three Months Ended						For the Six months ended
	June 30, 2020			June 30, 2019			June 30, 2020			June 30, 2019
Weighted Average Remaining Lease Term (in years)
Operating leases		16.1			17.3			16.1			17.3
Financing leases		3.7			-			3.7			-
Weighted Average Discount Rate
Operating leases		4.1	%		4.1	%		4.1	%		4.1	%
Financing leases		5.0	%		-			5.0	%		-
Other information
Operating cash flows from operating leases	$	593		$	497		$	1,137		$	994
Operating cash flows from financing leases	$	59		$	-		$	110		$	-

Future commitments due under these lease agreements as of June 30, 2020 are as follows:

Years ended December 31,	Operating Leases			Financing Leases			Total
2020 (Remaining 6 months)	$	1,195		$	128		$	1,323
2021		2,304			174			2,478
2022		2,240			166			2,406
2023		2,123			160			2,283
2024		2,059			44			2,103
Thereafter		21,374			-			21,374
Present value adjustment		(8,405	)		(57	)		(8,462	)
Present value of lease payments		22,890			615			23,505
Less current portion included in accrued expenses and other current liabilities		(1,476	)		(186	)		(1,662	)
Total lease liabilities	$	21,414		$	429		$	21,843