LEASES (Tables)

12 Months Ended

Dec. 31, 2023

The components of lease expense were as follows:


	Year Ended
(In thousands)	December 31, 2023		December 31, 2022
Operating lease cost	$	44,322	$	42,125

Finance lease cost:
Depreciation of finance leases	$	1,037	$	1,037
Interest on lease liabilities	347		390
Total finance lease cost	$	1,384	$	1,427

Supplemental cash flow information related to leases was as follows:


	Year Ended
(In thousands)	December 31, 2023		December 31, 2022
Cash used for operating activities:
Operating cash flows used for operating leases	$	(36,294)	$	(34,186)
Operating cash flows used for finance leases	(347)		(390)
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	14,361	$	17,740

Supplemental balance sheet information related to leases was as follows:


	As of December 31,
(In thousands, except lease term and discount rate)	2023			2022
Operating Leases
Operating lease right-of-use assets, net	$	141,435		$	153,855

Other current liabilities	$	30,629		$	29,910
Long-term operating lease liability	118,611			132,275
Total operating lease liabilities	$	149,240		$	162,185

Finance Leases
Property, plant, and equipment	$	15,561		$	15,561
Accumulated depreciation	(9,682)			(8,645)
Property, plant, and equipment, net	$	5,879		$	6,916

Other current liabilities	$	1,181		$	1,098
Other liabilities	6,742			7,924
Total finance lease liabilities	$	7,923		$	9,022

Weighted average remaining lease term
Operating leases	7.2 years			7.5 years
Finance leases	5.7 years			6.7 years
Weighted average discount rate
Operating leases	3.99		%	3.80		%
Finance leases	4.05		%	4.05		%

Maturities of lease liabilities were as follows:

Maturities of lease liabilities were as follows: