Leases

12 Months Ended

Dec. 31, 2022

Note 4 – 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, 2022 and 2021 are presented below:

	December 31, 2022		December 31, 2021
Right of use assets
Operating Leases
Buildings and improvements	$	126,933	$	112,951
Machinery and equipment		4,260		4,684
Total	$	131,193	$	117,635
Current lease liabilities
Operating Leases
Buildings and improvements	$	22,926	$	20,851
Machinery and equipment		2,393		2,541
Total	$	25,319	$	23,392
Long-term lease liabilities
Operating Leases
Buildings and improvements	$	106,693	$	97,890
Machinery and equipment		1,800		2,097
Total	$	108,493	$	99,987
Total lease liabilities	$	133,812	$	123,379

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,
	2022		2021		2020
Lease expense
Operating lease expense	$	25,606	$	24,853	$	23,363
Short-term lease expense		971		2,031		930
Variable lease expense		365		359		248
Total lease expense	$	26,942	$	27,243	$	24,541

The Company paid $24,074, $23,899, and $23,814 for its operating leases during the years ended December 31, 2022, 2021, and 2020, 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 9.8 years and the weighted-average discount rate is 6.0% as of December 31, 2022.

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

2023	$	25,067
2024		22,891
2025		19,687
2026		16,989
2027		15,766
Thereafter		70,747

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.