Leases

12 Months Ended

Dec. 31, 2021

Note 3 – Leases

The net right of use assets and lease liabilities recognized on the consolidated balance sheets for the Company's operating leases as of December 31, 2021 and 2020 are presented below:

	December 31, 2021		December 31, 2020
Right of use assets
Operating Leases
Buildings and improvements	$	112,951	$	97,429
Machinery and equipment		4,684		5,011
Total	$	117,635	$	102,440
Current lease liabilities
Operating Leases
Buildings and improvements	$	20,851	$	19,370
Machinery and equipment		2,541		2,704
Total	$	23,392	$	22,074
Long-term lease liabilities
Operating Leases
Buildings and improvements	$	97,890	$	83,926
Machinery and equipment		2,097		2,294
Total	$	99,987	$	86,220
Total lease liabilities	$	123,379	$	108,294

Lease expense is classified in the statements of operations based on asset use. Total lease cost recognized on the consolidated statements of operations is as follows:

	Years ended December 31,
	2021		2020		2019
Lease expense
Operating lease expense	$	24,853	$	23,363	$	22,271
Short-term lease expense		2,031		930		2,278
Variable lease expense		359		248		95
Total lease expense	$	27,243	$	24,541	$	24,644

The Company paid $23,899, $23,814, and $21,552 for its operating leases during the years ended December 31, 2021, 2020, and 2019, respectively, which are included in operating cash flows on the consolidated statements of cash flows. The weighted-average remaining lease term for the Company's operating leases is 8.9 years and the weighted-average discount rate is 5.4% as of December 31, 2021.

The undiscounted future lease payments for the Company's operating lease liabilities are as follows:

2022	$	23,617
2023		21,609
2024		19,174
2025		17,103
2026		15,674
Thereafter		56,500

The undiscounted future lease payments presented in the table above include payments through the term of the lease, which may include periods beyond the noncancellable term. The difference between the total payments above and the lease liability balance is due to the discount rate used to calculate lease liabilities.