Note 5 - 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 December 31, 2017, consist of the following:


	Lease Obligations
$'s in 000's	Operating Leases		Capital Leases
2018	$	2,053	$	113
2019		937		110
2020		353		96
2021		176		93
2022		176		72
Thereafter		127		27
Total minimum future obligations	$	3,822	$	511
Less interest				(15)
Present value of net future minimum obligations				496
Less current capital lease obligations				(107)
Long-term capital lease obligations			$	389

The net book value of assets under capital lease was $850 thousand and $775 thousand as of December 31, 2017 and 2016, respectively. Total operating lease expense for the years ended December 31, 2017, 2016, and 2015 totaled $1,716 thousand, $1,718 thousand, and $1,627 thousand, respectively.