Note 7 - Leases

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Lease Disclosure [Text Block]

7. LEASES

Consolidated total operating lease costs were $1.8 million for the three months ended March 31, 2022 and $0.7 million for the three months ended March 31, 2021 and are included in cost of sales; selling, general and administrative expense; and other income (expense), on the condensed consolidated statement of operations.

Future minimum operating lease obligations at March 31, 2022 are as follows for the years ended December 31:

(in thousands)
2022 (remaining period)	$	4,824
2023		5,696
2024		4,534
2025		2,876
2026		2,496
Thereafter		2,785
Interest portion		(3,154	)
Total operating lease obligations	$	20,057

Total lease cost and other lease information is as follows:

	For the Three Months Ended March 31,
(in thousands)	2022			2021
Operating lease cost	$	1,623		$	668
Short-term lease cost		59			1
Variable lease cost		251			144
Sublease income		(129	)		(113	)
Total lease cost	$	1,804		$	700

Other information - Operating leases (in thousands)	For the Three Months Ended March 31,
	2022			2021
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows from operating leases (includes discontinued operations)	$	(1,635	)	$	(922	)
Right-of-use assets obtained in exchange for new operating lease obligations	$	3,172		$	2,783
Weighted-average remaining lease term - operating leases (in years)		4.5			5.0
Weighted-average discount rate - operating leases		7.1	%		6.5	%

Variable lease costs primarily include common area maintenance costs, real estate taxes and insurance costs passed through to the Company from lessors.

Future minimum finance lease obligations are as follows:

(in thousands)
2022 (remaining period)	$	4,358
2023		5,811
2024		5,069
2025		321
2026		255
Thereafter		—
Interest portion		(1,312	)
Total financing lease obligations	$	14,502

Total financing lease costs are as follows:

	For the Three Months Ended March 31,
(in thousands)	2022		2021
Depreciation of financing lease assets	$	1,308	$	—
Interest on lease liabilities		241		—
Total finance lease cost	$	1,549	$	—

Other information - Financing leases	For the Three Months Ended March 31,
(in thousands)	2022			2021
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows from financing leases	$	(241	)	$	—
Financing cash flows from financing leases	$	(1,212	)	$	—
Right-of-use assets obtained in exchange for new financing lease obligations	$	837		$	—
Weighted-average remaining lease term - financing leases (in years)		2.8			—
Weighted-average discount rate - finance leases		6.5	%		—