Note 10 - Leases
|9 Months Ended|
Sep. 30, 2018
|Notes to Financial Statements|
|Leases of Lessee Disclosure [Text Block]||
The Company leases office space, service facility centers and equipment under non-cancelable capital and operating lease arrangements. The Company periodically enters into capital leases to finance the purchase of ambulatory infusion pumps (“Pump Assets”). The Pump Assets are capitalized into medical equipment in rental service at their fair market value, which equals the value of the future minimum lease payments and are depreciated over the useful life of the pumps. The weighted average interest rate under capital leases was
September 30, 2018.The leases for office space and service facility centers used in the Company’s logistics operations are operating leases. In most cases, the Company expects its facility leases will be renewed or replaced by other leases in the ordinary course of business.
Future minimum rental payments pursuant to leases that have an initial or remaining non-cancelable lease term in excess of
oneyear as of
September 30, 2018are as follows (in thousands):
September 30, 2018and
December 31, 2017,Pump Assets obtained under capital leases had a cost of approximately
million, respectively, and accumulated depreciation of
$0.5million, respectively. In the
2018,the Company exited facility leases in Georgia and Texas and commenced a lease in Massachusetts. In accordance with ASC
420– Exit or Disposal Activities, the Company expensed less than
$0.1million of future lease payments relating to these exited facility leases.
The Company has minimum future operating lease commitments, mainly related to its leased facilities. Associated rental expense for facilities and other equipment from
thirdparties under operating leases for the
September 30, 2018was
$1.1million, respectively, compared to
$0.7million for the same prior year periods, respectively.
The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef