Note 5 - Leases

6 Months Ended

Jun. 30, 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 five 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  June 30, 2020 and December 31, 2019, operating lease ROU assets totaled $3.9 million and $2.9 million, respectively. As of June 30, 2020 and December 31, 2019, operating lease liabilities totaled $3.4 million and $2.4 million, respectively. The following tables summarize certain information related to the leases (in thousands, except percentages):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Lease costs:
Operating lease costs	$	363	$	332	$	729	$	637
Short-term and other lease costs		71		84		148		182
Total lease costs	$	434	$	416	$	877	$	819

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	330	$	423	$	703	$	727
ROU assets obtained in exchange for new operating lease liabilities (1)	$	1,467	$	317	$	1,744	$	2,581

	June 30,			December 31,
	2020			2019
Weighted-average remaining lease term (in years)		2.7			2.1
Weighted-average discount rate		3.0	%		3.7	%

(1) For the six months ended June 30, 2019, the amount includes $2.2 million for operating leases existing on January 1, 2019.

As of June 30, 2020, the maturities of the lease liabilities were as follows (in thousands):

2020 (remaining six months)	$	851
2021		1,296
2022		852
2023		271
2024		186
2025		130
Total remaining lease payments		3,586
Less: imputed interest		(157	)
Total lease liabilities	$	3,429
Reported as:
Current liabilities	$	1,532
Long-term liabilities	$	1,897

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 June 30, 2020 and 2019, income related to lease payments was $0.4 million and $0.7 million, respectively. For the six months ended June 30, 2020 and 2019, income related to lease payments was $0.8 million and $0.9 million, respectively. As of  June 30, 2020, future income related to lease payments was as follows (in thousands):

2020 (remaining six months)	$	1,010
2021		2,281
2022		2,069
2023		1,477
2024		552
Thereafter		59
Total	$	7,448