Note 11. Leases (Notes)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lessee, Operating Leases

11. Leases

Our lease arrangements include land associated with our corporate and administrative offices, land for our manufacturing facilities, and certain of our manufacturing equipment. Such leases primarily relate to assets located in the United States, Malaysia, India, and Vietnam.

The following table presents certain quantitative information related to our lease arrangements for the years ended December 31, 2023 and 2022, and as of December 31, 2023 and 2022 (in thousands):

	2023		2022
Finance lease cost:
Amortization of right-of-use assets	$	14	$	—
Interest on lease liabilities	51		—
Operating lease cost	12,090		14,634
Variable lease cost	3,421		2,517
Short-term lease cost	472		339
Total lease cost	$	16,048	$	17,490
Payments of amounts included in the measurement of operating lease liabilities	$	11,815	$	15,359
Lease assets obtained in exchange for:
Operating lease liabilities	$	7,163	$	4,394
Finance lease liabilities	17,063		—

	December 31, 2023						December 31, 2022
	Operating Leases			Finance Leases			Operating Leases
Lease assets	$	84,419		$	17,049		$	93,185
Lease liabilities – current	10,307			51			9,193
Lease liabilities – noncurrent	36,662			17,063			40,589
Weighted-average remaining lease term	5 years			40 years			6 years
Weighted-average discount rate	5.2		%	5.4		%	5.1		%

As of December 31, 2023, the future payments associated with our lease liabilities were as follows (in thousands):

	Operating Leases		Finance Leases
2024	$	12,251	$	158
2025	11,476		196
2026	9,916		1,014
2027	7,346		1,014
2028	6,978		1,016
Thereafter	5,315		43,266
Total future payments	53,282		46,664
Less: interest	(6,313)		(29,550)
Total lease liabilities	$	46,969	$	17,114

Lessee, Finance Leases

11. Leases

Our lease arrangements include land associated with our corporate and administrative offices, land for our manufacturing facilities, and certain of our manufacturing equipment. Such leases primarily relate to assets located in the United States, Malaysia, India, and Vietnam.

The following table presents certain quantitative information related to our lease arrangements for the years ended December 31, 2023 and 2022, and as of December 31, 2023 and 2022 (in thousands):

	2023		2022
Finance lease cost:
Amortization of right-of-use assets	$	14	$	—
Interest on lease liabilities	51		—
Operating lease cost	12,090		14,634
Variable lease cost	3,421		2,517
Short-term lease cost	472		339
Total lease cost	$	16,048	$	17,490
Payments of amounts included in the measurement of operating lease liabilities	$	11,815	$	15,359
Lease assets obtained in exchange for:
Operating lease liabilities	$	7,163	$	4,394
Finance lease liabilities	17,063		—

	December 31, 2023						December 31, 2022
	Operating Leases			Finance Leases			Operating Leases
Lease assets	$	84,419		$	17,049		$	93,185
Lease liabilities – current	10,307			51			9,193
Lease liabilities – noncurrent	36,662			17,063			40,589
Weighted-average remaining lease term	5 years			40 years			6 years
Weighted-average discount rate	5.2		%	5.4		%	5.1		%

As of December 31, 2023, the future payments associated with our lease liabilities were as follows (in thousands):

	Operating Leases		Finance Leases
2024	$	12,251	$	158
2025	11,476		196
2026	9,916		1,014
2027	7,346		1,014
2028	6,978		1,016
Thereafter	5,315		43,266
Total future payments	53,282		46,664
Less: interest	(6,313)		(29,550)
Total lease liabilities	$	46,969	$	17,114