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Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES

7. LEASES

Our operating leases primarily consist of offices and lab space, machinery and equipment and vehicles. The components of lease expense are as follows (in thousands):

 

 

For the Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Operating lease expense

 

$

16,595

 

 

$

17,253

 

 

$

17,848

 

Short-term lease expense

 

 

1,784

 

 

 

1,990

 

 

 

1,801

 

Variable lease expense

 

 

1,414

 

 

 

1,462

 

 

 

1,442

 

Total lease expense

 

$

19,793

 

 

$

20,705

 

 

$

21,091

 

Other information:

 

 

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

16,598

 

 

$

16,367

 

 

$

17,049

 

Right of use assets obtained in exchange for new operating lease obligations

 

$

5,520

 

 

$

5,736

 

 

$

5,654

 

Weighted-average remaining lease term - operating leases

 

6.88 years

 

 

7.62 years

 

 

8.69 years

 

Weighted-average discount rate - operating leases

 

 

4.62

%

 

 

4.61

%

 

 

4.70

%

 

Scheduled undiscounted lease payments for non-cancellable leases consist of the following (in thousands):

 

 

December 31, 2022

 

2023

 

$

13,584

 

2024

 

 

10,294

 

2025

 

 

8,247

 

2026

 

 

6,472

 

2027

 

 

5,168

 

Thereafter

 

 

15,387

 

Total undiscounted lease payments

 

 

59,152

 

Less: Imputed interest

 

 

(9,148

)

Total operating lease liabilities

 

$

50,004

 

During the year ended December 31, 2020, the Company recorded $0.5 million on lease abandonment for certain properties that ceased in use and are expected to provide no future economic benefits. There is no lease abandonment cost recorded during the years ended December 31, 2022 and 2021.