Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases [TextBlock]

Note 6 – Leases

The Company has operating leases for certain facilities, vehicles and machinery and equipment with remaining lease terms up to

10

 years. In addition, the Company has certain land use leases with remaining lease terms up to

94

 years.

Operating lease expense is recognized on a straight-line basis over the lease term. Operating lease expense for the years ended

December 31, 2021, 2020 and 2019 was $

14.1

 million, $

14.2

 million, and $

9.4

 million, respectively. Short-term lease expense for the

years ended December 31, 2021, 2020 and 2019 was $

0.9

 million, $

1.3

 million and $

1.5

 million, respectively. The Company has

no

material variable lease costs or sublease income for the years ended December 31, 2021, 2020 and 2019. 

Cash paid for operating leases during the years ended December 31, 2021, 2020 and 2019 was $

13.9

 million, $

14.1

 million and

$

9.2

 million, respectively. The Company recorded new right of use lease assets and associated lease liabilities of $

11.1

 million during

the year ended December 31, 2021.

Supplemental balance sheet information related to the Company’s leases is as follows:

December 31,

December 31,

2021

2020

Right of use lease assets

$

36,635

$

38,507

Other accrued liabilities

9,976

10,901

Long-term lease liabilities

26,335

27,070

Total operating lease liabilities

$

36,311

$

37,971

Weighted average remaining lease term (years)

5.6

6.0

Weighted average discount rate

4.22%

4.20%

Maturities of operating lease liabilities as of December 31, 2021 were as follows:

December 31,

2021

For the year ended December 31, 2022

$

11,346

For the year ended December 31, 2023

9,041

For the year ended December 31, 2024

7,017

For the year ended December 31, 2025

5,292

For the year ended December 31, 2026

4,197

For the year ended December 31, 2027 and beyond

4,502

Total lease payments

41,395

Less: imputed interest

(5,084)

Present value of lease liabilities

$

36,311