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Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

December 31, 2023December 31, 2022
Weighted average remaining lease term:
Operating leases6.7 years7.2 years
Financing leases3.5 years4.3 years
Weighted average discount rate:
Operating leases3.8 %3.6 %
Financing leases5.2 %5.2 %

Following is a summary of the Company’s leases within the consolidated statements of operations:

Fiscal Year
(in thousands)202320222021
Operating lease costs$32,959 $30,484 $26,385 
Short-term and variable leases15,995 15,065 17,245 
Depreciation expense from financing leases1,646 2,315 5,656 
Interest expense on financing lease obligations447 884 2,301 
Total lease cost$51,047 $48,748 $51,587 
The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2023:

(in thousands)Operating LeasesFinancing Leases
2024$29,932 $2,808 
202524,329 2,869 
202621,115 1,233 
202718,614 338 
202813,890 345 
Thereafter39,022 620 
Total minimum lease payments including interest$146,902 $8,213 
Less:  Amounts representing interest18,437 694 
Present value of minimum lease principal payments128,465 7,519 
Less:  Current portion of lease liabilities - operating and financing leases26,194 2,487 
Noncurrent portion of lease liabilities - operating and financing leases$102,271 $5,032 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2022:

(in thousands)Operating LeasesFinancing Leases
2023$31,697 $2,750 
202427,663 2,808 
202521,628 2,869 
202619,036 1,233 
202717,227 338 
Thereafter51,372 966 
Total minimum lease payments including interest$168,623 $10,964 
Less:  Amounts representing interest22,225 1,142 
Present value of minimum lease principal payments146,398 9,822 
Less:  Current portion of lease liabilities - operating and financing leases27,635 2,303 
Noncurrent portion of lease liabilities - operating and financing leases$118,763 $7,519 

Following is a summary of the Company’s leases within the consolidated statements of cash flows:

Fiscal Year
(in thousands)202320222021
Cash flows from operating activities impact:
Operating leases$33,013 $28,891 $27,642 
Interest payments on financing lease obligations447 884 2,301 
Total cash flows from operating activities impact$33,460 $29,775 $29,943 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$2,303 $2,988 $4,778 
Total cash flows from financing activities impact$2,303 $2,988 $4,778 
The Company did not enter into any material operating lease commitments subsequent to year-end.
Leases Leases
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

December 31, 2023December 31, 2022
Weighted average remaining lease term:
Operating leases6.7 years7.2 years
Financing leases3.5 years4.3 years
Weighted average discount rate:
Operating leases3.8 %3.6 %
Financing leases5.2 %5.2 %

Following is a summary of the Company’s leases within the consolidated statements of operations:

Fiscal Year
(in thousands)202320222021
Operating lease costs$32,959 $30,484 $26,385 
Short-term and variable leases15,995 15,065 17,245 
Depreciation expense from financing leases1,646 2,315 5,656 
Interest expense on financing lease obligations447 884 2,301 
Total lease cost$51,047 $48,748 $51,587 
The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2023:

(in thousands)Operating LeasesFinancing Leases
2024$29,932 $2,808 
202524,329 2,869 
202621,115 1,233 
202718,614 338 
202813,890 345 
Thereafter39,022 620 
Total minimum lease payments including interest$146,902 $8,213 
Less:  Amounts representing interest18,437 694 
Present value of minimum lease principal payments128,465 7,519 
Less:  Current portion of lease liabilities - operating and financing leases26,194 2,487 
Noncurrent portion of lease liabilities - operating and financing leases$102,271 $5,032 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2022:

(in thousands)Operating LeasesFinancing Leases
2023$31,697 $2,750 
202427,663 2,808 
202521,628 2,869 
202619,036 1,233 
202717,227 338 
Thereafter51,372 966 
Total minimum lease payments including interest$168,623 $10,964 
Less:  Amounts representing interest22,225 1,142 
Present value of minimum lease principal payments146,398 9,822 
Less:  Current portion of lease liabilities - operating and financing leases27,635 2,303 
Noncurrent portion of lease liabilities - operating and financing leases$118,763 $7,519 

Following is a summary of the Company’s leases within the consolidated statements of cash flows:

Fiscal Year
(in thousands)202320222021
Cash flows from operating activities impact:
Operating leases$33,013 $28,891 $27,642 
Interest payments on financing lease obligations447 884 2,301 
Total cash flows from operating activities impact$33,460 $29,775 $29,943 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$2,303 $2,988 $4,778 
Total cash flows from financing activities impact$2,303 $2,988 $4,778 
The Company did not enter into any material operating lease commitments subsequent to year-end.