Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

LEASES

Balance sheet information related to right-of-use assets and liabilities is as follows:

	Balance Sheet Location	2022		2021
Operating Leases:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	20,617	$	22,534
Current portion of operating lease liabilities	Current portion of operating lease liabilities	$	2,774	$	2,528
Noncurrent portion of operating lease liabilities	Operating lease liabilities	18,802		20,692
Total operating lease liabilities		$	21,576	$	23,220
Finance Leases:
Finance lease right-of-use assets (1)	Property, plant, and equipment, net	$	5,250	$	10,111
Current portion of finance lease liabilities (1)	Current portion of long-term debt	$	2,321	$	1,104
Noncurrent portion of finance lease liabilities (1)	Long-term debt	10,339		12,683
Total financing lease liabilities		$	12,660	$	13,787

(1) Includes leases classified as failed sale-leaseback transactions.

Lease cost recognized in the consolidated financial statements is summarized as follows:

	2022		2021
Operating lease cost	$	4,192	$	4,479
Finance lease cost:
Amortization of lease assets (1)	$	875	$	2,069
Interest on lease liabilities (1)	1,344		1,483
Total finance lease costs (1)	$	2,219	$	3,552

(1) Includes leases classified as failed sale-leaseback transactions.

Other supplemental information related to leases is summarized as follows:

	2022			2021
Weighted average remaining lease term (in years):
Operating leases	6.63			7.65
Finance leases (1)	13.59			13.82
Weighted average discount rate:
Operating leases	6.40		%	6.30		%
Finance leases (1)	9.60		%	9.73		%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,972		$	4,395
Operating cash flows from finance leases (1)	1,344			1,483
Financing cash flows from finance leases (1)	1,127			3,152

(1) Includes leases classified as failed sale-leaseback transactions.

The following table summarizes the Company's undiscounted future minimum lease payments under non-cancellable contractual obligations for operating and financing lease liabilities as of year end:

Fiscal Year	Operating Leases		Finance Leases
2023	$	4,072	$	3,324
2024	3,999		1,045
2025	3,915		1,053
2026	3,707		1,066
2027	3,759		1,080
Thereafter	7,244		12,838
Total future minimum lease payments (undiscounted)	26,696		20,406
Less: Present value discount	5,120		7,746
Total lease liability	$	21,576	$	12,660

Leases

LEASES

Balance sheet information related to right-of-use assets and liabilities is as follows:

	Balance Sheet Location	2022		2021
Operating Leases:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	20,617	$	22,534
Current portion of operating lease liabilities	Current portion of operating lease liabilities	$	2,774	$	2,528
Noncurrent portion of operating lease liabilities	Operating lease liabilities	18,802		20,692
Total operating lease liabilities		$	21,576	$	23,220
Finance Leases:
Finance lease right-of-use assets (1)	Property, plant, and equipment, net	$	5,250	$	10,111
Current portion of finance lease liabilities (1)	Current portion of long-term debt	$	2,321	$	1,104
Noncurrent portion of finance lease liabilities (1)	Long-term debt	10,339		12,683
Total financing lease liabilities		$	12,660	$	13,787

(1) Includes leases classified as failed sale-leaseback transactions.

Lease cost recognized in the consolidated financial statements is summarized as follows:

	2022		2021
Operating lease cost	$	4,192	$	4,479
Finance lease cost:
Amortization of lease assets (1)	$	875	$	2,069
Interest on lease liabilities (1)	1,344		1,483
Total finance lease costs (1)	$	2,219	$	3,552

(1) Includes leases classified as failed sale-leaseback transactions.

Other supplemental information related to leases is summarized as follows:

	2022			2021
Weighted average remaining lease term (in years):
Operating leases	6.63			7.65
Finance leases (1)	13.59			13.82
Weighted average discount rate:
Operating leases	6.40		%	6.30		%
Finance leases (1)	9.60		%	9.73		%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,972		$	4,395
Operating cash flows from finance leases (1)	1,344			1,483
Financing cash flows from finance leases (1)	1,127			3,152

(1) Includes leases classified as failed sale-leaseback transactions.

The following table summarizes the Company's undiscounted future minimum lease payments under non-cancellable contractual obligations for operating and financing lease liabilities as of year end:

Fiscal Year	Operating Leases		Finance Leases
2023	$	4,072	$	3,324
2024	3,999		1,045
2025	3,915		1,053
2026	3,707		1,066
2027	3,759		1,080
Thereafter	7,244		12,838
Total future minimum lease payments (undiscounted)	26,696		20,406
Less: Present value discount	5,120		7,746
Total lease liability	$	21,576	$	12,660