| Leases of Lessee Disclosure [Text Block] |
NOTE 8. LEASES We have operating and finance leases for certain facilities and equipment used in our operations. As of December 31, 2019, our leases have remaining lease terms of up to 15 years. Some of our real estate operating leases contain renewal options that may be exercised, and some of our leases include options to terminate the leases within one year. Upon the adoption of ASC 842 on January 1, 2019, we recognized a right-of-use asset for operating leases, and an operating lease liability that represents the present value of our obligation to make payments over the lease terms. The present value of the lease payments is calculated using the incremental borrowing rate for operating and finance leases, which is determined using a portfolio approach based on the rate of interest that we would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. We use the unsecured borrowing rate and risk-adjust that rate to approximate a collateralized rate in the currency of the lease, which is updated on a quarterly basis for measurement of new lease obligations. The components of lease expense are as follows: | | | | | | 2019 | Operating lease cost | $ | 5,684 | | | | Finance lease cost: | | | Amortization of right-of-use assets | $ | 271 | Interest on lease obligation | | 169 | Total finance lease cost | $ | 440 |
The following tables set forth supplemental balance sheet information related to leases at December 31, 2019: | | | | | Operating Leases | | | | Operating lease right-of-use assets | $ | 24,039 | | | | | | Accounts payable and accrued liabilities | $ | 3,451 | | Operating lease obligation | | 21,804 | | Total operating lease obligation | $ | 25,255 | | | | | | Finance Leases | | | | Property, plant and equipment, at cost | $ | 3,534 | | Accumulated depreciation and amortization | | (1,296) | | Property, plant and equipment, net | $ | 2,238 | | | | | | Current portion of long-term debt | $ | 162 | | Long-term debt | | 1,872 | | Total finance lease obligation | $ | 2,034 | | | | | | Weighted-Average Remaining Lease Term | | | | Operating leases | | 8.4 | yrs | Finance leases | | 10.3 | yrs | | | | | Weighted-Average Discount Rate | | | | Operating leases | | 4.2 | % | Finance leases | | 8.4 | % |
The following table provides the expected future minimum maturities of lease obligations: | | | | | | | | | Operating | | | Finance | | | Leases | | | Leases | 2020 | $ | 4,723 | | $ | 340 | 2021 | | 4,349 | | | 305 | 2022 | | 4,028 | | | 289 | 2023 | | 3,611 | | | 274 | 2024 | | 3,078 | | | 258 | Thereafter | | 11,366 | | | 1,649 | Total lease payments | | 31,155 | | | 3,115 | Less: imputed interest | | (5,900) | | | (1,081) | Total | $ | 25,255 | | $ | 2,034 |
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