Note 8 - Equipment Leasing

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Operating Leases of Lessor Disclosure [Text Block]

(8)

  

EQUIPMENT LEASING

In our Thermal Products segment, we lease certain of our equipment to customers under non-cancellable operating leases. These leases generally have an initial term of six months. We recognize revenue for these leases on a straight-line basis over the term of the lease.

The total cost of leased equipment at December 31, 2015 and 2014 was $338 and $692, respectively, and is included in Machinery and Equipment on our balance sheet. As of December 31, 2015 and 2014, accumulated depreciation for leased equipment was $124 and $167, respectively.

As of December 31, 2015, total minimum payments receivable under non-cancellable operating leases were $55. All of these payments will be received in 2016.