| Leases of Lessee Disclosure [Text Block] |
NOTE 10. LEASES We have operating and finance leases for certain facilities and equipment used in operations. Our leases generally 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. We have recognized a right-of-use asset for both operating and finance leases, and an operating lease liability that represents the present value of our obligation to make payments over the lease term. The present value of the lease payments is calculated using the incremental borrowing rate for operating and finance leases, which was 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 will be updated on a quarterly basis for measurement of new lease liabilities. The components of lease expense were as follows: | Three months ended | | Six months ended | | June 30, | | June 30, | | 2020 | | 2019 | | 2020 | | 2019 | Operating lease cost | $ | 1,449 | | $ | 1,610 | | $ | 2,826 | | $ | 2,852 | | | | | | | | | | | | | Finance lease cost: | | | | | | | | | | | | Amortization of right-of-use assets | $ | 73 | | $ | 70 | | $ | 140 | | $ | 136 | Interest on lease obligation | | 36 | | | 42 | | | 77 | | | 84 | Total finance lease cost | $ | 109 | | $ | 112 | | $ | 217 | | $ | 220 |
Supplemental balance sheet information related to leases is as follows: | June 30, | December 31, | | | 2020 | 2019 | | Operating Leases | | | | | | Operating lease right-of-use assets | $ | 24,692 | $ | 24,039 | | | | | | | | Accounts payable and accrued liabilities | $ | 3,474 | $ | 3,451 | | Operating lease obligation | | 22,230 | | 21,804 | | Total operating lease obligation | $ | 25,704 | $ | 25,255 | | | | | | | | Finance Leases | | | | | | Property, plant and equipment, at cost | $ | 3,468 | $ | 3,534 | | Accumulated depreciation and amortization | | (1,347) | | (1,296) | | Property, plant and equipment, net | $ | 2,121 | $ | 2,238 | | | | | | | | Current portion of long-term debt | $ | 180 | $ | 162 | | Long-term debt | | 1,683 | | 1,872 | | Total finance lease obligation | $ | 1,863 | $ | 2,034 | | | | | | | | Weighted-Average Remaining Lease Term (years) | | | | | | Operating leases | | 8.5 | | 8.4 | | Finance leases | | 10.2 | | 10.7 | | | | | | | | Weighted-Average Discount Rate | | | | | | Operating leases | | 4.2 | % | 4.7 | % | Finance leases | | 8.2 | % | 8.5 | % |
Future minimum maturities of lease obligations are as follows:At June 30, 2020 | Operating | | Finance | | Leases | | Leases | Remainder of 2020 | $ | 2,447 | | $ | 190 | 2021 | | 4,582 | | | 309 | 2022 | | 4,277 | | | 291 | 2023 | | 3,889 | | | 262 | 2024 | | 3,357 | | | 242 | Thereafter | | 13,031 | | | 1,632 | Total lease payments | | 31,583 | | | 2,926 | Less imputed interest | | (5,879) | | | (1,063) | Total | $ | 25,704 | | $ | 1,863 |
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