XML 58 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases within Condensed Consolidated Statement of Operations
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 
Summary of Future Minimum Lease Payments for Noncancelable Operating Leases 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 
Summary of Future Minimum Lease Payments for Noncancelable Finance Leases 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 
Summary of Balances Related to Lease Portfolio within Consolidated Statement of Cash Flow
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