Note 4 - Leases

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Leases of Lessee and Lessor Disclosure [Text Block]

NOTE 4 — LEASES

A.     Leases in which the Company is a lessee

The table below presents the effects on the amounts relating to a lessee’s total lease cost:

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
	(Dollars in thousands)
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	938	$	2,424
Interest on lease liabilities		375		1,001
Operating lease cost		2,070		5,996
Variable lease cost		133		523
Total lease cost	$	3,516	$	9,944
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	—	$	—
Operating cash flows for operating leases		5,483		6,727
Financing cash flows for finance leases		1,021		2,734
Right-of-use assets obtained in exchange for new finance lease liabilities		901		5,186
Right-of-use assets obtained in exchange for new operating lease liabilities		4,652		5,250

	September 30,
	2019
Weighted-average remaining lease term — finance leases (in years)		4.0
Weighted-average remaining lease term — operating leases (in years)		6.0

Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as follows:

	Operating Leases		Finance Leases
	(Dollars in thousands)
Year ending December 31,
2019 (excluding the nine months ended September 30, 2019)		2,282		1,100
2020		5,162		4,402
2021		4,412		3,966
2022		2,921		3,862
2023		1,544		2,739
Thereafter		13,734		5,010
Total future minimum lease payments		30,055		21,079
Less imputed interest		6,104		5,664
Total	$	23,951	$	15,415

Future minimum lease payments under non-cancellable leases as of December 31, 2018, under ASC 840, Leases were as follows:

	(Dollars in thousands)
Year ending December 31,
2019	$	10,889
2020		7,515
2021		5,758
2022		4,415
2023		2,910
Thereafter		9,292
Total	$	40,779

B.     Leases in which the Company is a lessor

The table below presents the lease income recognized for lessors:

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
	(Dollars in thousands)
Lease income relating to lease payments of operating leases	$	110,461	$	351,953
Lease income relating to variable lease payments not included in the measurement of the lease		—		—
Total	$	110,461	$	351,953