LEASES

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022 was as follows:

	September 30,
	2023		2022
Cash paid for operating leases	$	4,195	$	3,884
Cash paid for interest on finance lease obligations	$	318	$	329
Assets acquired under operating leases	$	6,578	$	8,133
Assets acquired under finance leases	$	—	$	5,053
ROU assets obtained in acquisitions	$	224	$	9,471

The Company’s finance lease obligations relate to a manufacturing facility. Finance lease assets of $8,366 and $8,839 as of September 30, 2023 and December 31, 2022, respectively, are included in property, plant and equipment, net. As of September 30, 2023, finance lease obligations of $403 are included in accrued liabilities and $8,712 are included in long-term debt on the condensed consolidated balance sheet. As of December 31, 2022, finance lease obligations of $377 are included in accrued liabilities and $9,019 are included in long-term debt on the condensed consolidated balance sheet

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

	Operating Leases		Finance Leases
Remainder of 2023		1,561		266
2024		5,878		815
2025		4,860		831
2026		4,280		848
2027		3,675		867
Thereafter		8,493		8,770
Total undiscounted cash flows	$	28,747	$	12,397
Less: present value discount		(3,356)		(3,216)
Total lease liabilities	$	25,391	$	9,181

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 $242 and $706 during the three and nine months ended September 30, 2023 and is obligated to make payments of $404 during the remainder of 2023. Future fixed minimum lease payments under these leases as of September 30, 2023 are $11,433.