Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Note 9 – Leases

The Company leases certain assets used in its business, including land, buildings and equipment. These leased assets are used for operational and administrative purposes.

The table below sets forth the components of lease expense for the twelve months ended December 31:

	2023		2022		2021
Operating lease expense	$	13,066	$	13,275	$	16,533
Finance lease expense:
Amortization of assets		32		17		221
Interest on lease liabilities		3		1		1
Short-term lease expense		1,899		975		954
Variable lease expense		4,350		3,561		4,853
Total lease expense	$	19,350	$	17,829	$	22,562

The table below sets forth supplemental balance sheet information related to leases as of December 31:

	2023			2022
Operating leases:
Operating lease ROU assets	$	50,833		$	43,907
Current operating lease liabilities		8,840			7,390
Noncurrent operating lease liabilities		27,289			20,765
Total operating lease liabilities	$	36,129		$	28,155
Finance leases:
Finance lease ROU assets	$	2,717		$	2,618
Accumulated amortization		(2,573	)		(2,542	)
Finance lease ROU assets, net	$	144		$	76
Current finance lease liabilities	$	52		$	30
Non-current finance lease liabilities		94			46
Total finance lease liabilities	$	146		$	76
Weighted average remaining lease term (in years):
Operating leases		7.8			8.2
Finance leases		3.6			2.6
Weighted average discount rate:
Operating leases		4.1	%		4.2	%
Finance leases		3.6	%		3.6	%

The table below sets forth supplemental cash flow and other information related to leases for the twelve months ended December 31:

	2023		2022		2021
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$	18,609	$	17,788	$	24,040
Operating cash outflows from finance leases		3		1		1
Financing cash outflow from finance leases		115		69		291
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases		14,251		8,384		13,038

The table below sets forth information about lease liability maturities:

	December 31,
	Operating Leases			Finance Leases
2024	$	10,099		$	57
2025		8,538			41
2026		6,579			21
2027		3,985			19
2028		1,912			18
2029		1,446			-
2030 and thereafter		10,275			-
Total lease payments		42,834			156
Less: imputed interest		(6,705	)		(10	)
Total lease obligations		36,129			146
Less: current obligations		(8,840	)		(52	)
Long-term lease obligations	$	27,289		$	94