LEASES

6 Months Ended

Jun. 30, 2023

LEASES

LEASES

14.    LEASES

The Company has operating leases for office space, manufacturing facilities and equipment, computer equipment and automobiles. Many leases include one or more options to renew, some of which include options to extend the leases for a long-term period, and some leases include options to terminate the leases within 30 days. In certain of the Company’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for capital area maintenance, utilities, inflation and/or changes in other indexes.

Supplemental cash flow information related to the Company’s operating and finance leases for the six months ended June 30, 2023 and 2022 was as follows:

	June 30,
	2023		2022
Cash paid for operating leases	$	2,796	$	2,290
Cash paid for interest on finance lease obligations	$	214	$	368
Assets acquired under operating leases	$	1,888	$	2,770
Assets acquired under finance leases	$	—	$	9,471
ROU assets obtained in acquisitions	$	—	$	5,053

The Company’s finance lease obligations relate to a manufacturing facility. As of June 30, 2023, finance lease assets of $8,524 are included in property, plant and equipment, net, finance lease obligations of $394 are included in accrued liabilities, and $8,815 are included in long-term debt on the condensed consolidated balance sheet. During the three months ended June 30, 2023, the Company entered into a lease amendement for one manufacturing facility which modified the term of the lease, resulting in a reduction of both the ROU asset and lease liability of $700.

The following table presents the maturity of the Company’s operating and finance lease liabilities as of June 30, 2023:

	Operating Leases		Finance Leases
Remainder of 2023		2,705		399
2024		5,028		815
2025		4,067		831
2026		3,487		848
2027		2,908		867
Thereafter		6,488		8,751
Total undiscounted cash flows	$	24,683	$	12,511
Less: present value discount		(2,551)		(3,302)
Total lease liabilities	$	22,132	$	9,209

The Company has operating leases certain facilities from companies for which a member of management is a part owner. In connection with such leases, the Company made fixed minimum lease payments to the lessor of $220 and $441 during the three and six months ended June 30, 2023 and is obligated to make payments of $517 during the remainder of 2023. Future fixed minimum lease payments under these leases as of June 30, 2023 are $15,668.