Note 9 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

9

.      

Commitments and Contingencies

Our leased facilities include

warehouse and distribution space, showroom and office space and certain technology equipment. These leases have varying terms up to

ten

years. Rental expense charged to operations was

$2.4

million and

$3.0

million in

2017

and

2016,

respectively.

At

December 31,

201

7,

the future minimum lease payments for our current operating leases were as follows (in thousands):

	Total
201 8	$	1,370
201 9		1,273
20 20		1,302
202 1		1,332
20 22		1,232
Thereafter		299
Total minimum lease payments	$	6,808

We currently have

letters of credit to cover estimated exposures, most notably with workman’s compensation claims. This agreement requires us to maintain a compensating balance with the issuer for the amounts outstanding. We currently have letters of credit outstanding in the amount of

$631,000.

The compensating balance amount is reflected as restricted cash on the consolidated balance sheet.

In the normal course of business, we are involved in claims and lawsuits,

none

of which currently, in management

’s opinion, will have a material adverse effect on our Consolidated Financial Statements.