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Leases
9 Months Ended
Sep. 30, 2017
Leases  
Leases

Note 3 -     Leases

The Company leases certain real estate, both office and production facilities, as well as equipment from third parties. Lease expiration dates are between 2018 and 2025.  A portion of capital leases are denominated in foreign currencies.  Many of these leases include renewal options and in some cases options to purchase.

Annual future commitments under non-cancelable leases as of September 30, 2017, consist of the following:

 

 

 

 

 

 

 

 

 

Lease Obligation

 

    

Operating Leases

    

Capital Leases

Reminder of 2017

 

$

436

 

$

27

2018

 

 

1,716

 

 

108

2019

 

 

597

 

 

104

2020

 

 

46

 

 

90

2021

 

 

29

 

 

88

Thereafter

 

 

85

 

 

103

Total minimum future obligations

 

$

2,909

 

$

520

Less Interest

 

 

  

 

 

(16)

Present value of net future minimum obligations

 

 

 

 

 

504

Less current capital lease obligations

 

 

 

 

 

(101)

Long-term capital lease obligations

 

 

  

 

$

403

 

The net book value of assets under capital lease was $883 and $775 as of September 30, 2017 and December 31, 2016, respectively. Total operating lease expense for the three and nine months ended September 30, 2017 and 2016 totaled $449 and $472, and $1,357 and $1,250, respectively.