Note 5 - Leases

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Leases Disclosure [Text Block]

5. LEASES

Lessee

The Company has operating leases primarily for administrative and sales and marketing offices, manufacturing operations and research and development facilities, employee housing units and certain equipment. These leases have remaining lease terms from less than a year to four years. Some of these leases include options to renew the lease term for up to five years or on a month-to-month basis. The Company does not have finance lease arrangements.

As of  March 31, 2020 and December 31, 2019, operating lease ROU assets totaled $2.7 million and $2.9 million, respectively. As of March 31, 2020 and December 31, 2019, operating lease liabilities totaled $2.2 million and $2.4 million, respectively. The following tables summarize certain information related to the leases (in thousands, except percentages):

	Three Months Ended March 31,
	2020		2019
Lease costs:
Operating lease costs	$	366	$	305
Short-term and other lease costs		77		98
Total lease costs	$	443	$	403

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	373	$	304
ROU assets obtained in exchange for new operating lease liabilities (1)	$	277	$	2,264

	March 31,			December 31,
	2020			2019
Weighted-average remaining lease term (in years)		2.2			2.1
Weighted-average discount rate		3.6	%		3.7	%

(1) For the three months ended March 31, 2019, the amount includes $2.2 million for operating leases existing on January 1, 2019.

As of March 31, 2020, the maturities of the lease liabilities were as follows (in thousands):

2020 (remaining nine months)	$	994
2021		774
2022		453
2023		96
2024		12
Total remaining lease payments		2,329
Less: imputed interest		(103	)
Total lease liabilities	$	2,226
Reported as:
Current liabilities	$	1,140
Long-term liabilities	$	1,086

Lessor 

The Company owns certain office buildings and leases a portion of these properties to third parties under arrangements that are classified as operating leases. These leases have remaining lease terms from one year to five years. Some of these leases include options to renew the lease term for up to five years.

For the three months ended March 31, 2020 and 2019, income related to lease payments was $0.4 million and $0.2 million, respectively. As of  March 31, 2020, future income related to lease payments was as follows (in thousands):

2020 (remaining nine months)	$	1,620
2021		2,285
2022		2,074
2023		1,240
2024		552
Thereafter		59
Total	$	7,830