Note 6 – Leases

The Company leases certain real estate for commercial, production, and retail purposes, 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 June 30, 2018, consist of the following:


	Lease Obligations
$'s in 000's	Operating Leases		Capital Leases
Remainder of 2018	$	1,756	$	705
2019		2,269		1,244
2020		1,571		815
2021		724		188
2022		549		78
Thereafter		247		20
Total minimum future obligations	$	7,116	$	3,050
Less interest				(166)
Present value of net future minimum obligations				2,884
Less current capital lease obligations				(1,238)
Long-term capital lease obligations			$	1,646

The net book value of assets under capital lease was $4.3 million and $0.9 million as of June 30, 2018 and December 31, 2017, respectively. Total operating lease expense for the three months ended June 30, 2018 and 2017 totaled $0.9 million and $0.4 million, respectively, and $1.7 million and $0.9 million for the six months ended June 30, 2018 and 2017, respectively.