Leases

9 Months Ended

Sep. 30, 2022

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

9 years

. Operating lease expense is recognized on a straight-line basis over the lease term. In addition, the Company has certain land

use leases with remaining lease terms up to

93 years

.

The Company has

no

 material variable lease costs, sublease income or finance leases for three and nine months ended September

30, 2022 and 2021. The following table sets forth the components of the Company’s lease cost for three and nine months ended

September 30, 2022 and 2021:

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021

Operating lease expense

$

3,664

$

3,408

$

10,592

$

10,568

Short-term lease expense

201

221

625

755

Supplemental cash flow information related to the Company’s leases is as follows:

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021

Cash paid for amounts included in the

measurement of lease liabilities:

Operating cash flows from operating leases

$

3,768

$

3,365

$

10,575

$

10,433

Non-cash lease liabilities activity:

Leased assets obtained in exchange for new

operating lease liabilities

2,599

1,711

10,672

5,587

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

September 30,

December 31,

2022

2021

Right of use lease assets

$

37,005

$

36,635

Other current liabilities

11,143

9,976

Long-term lease liabilities

25,697

26,335

Total operating lease liabilities

$

36,840

$

36,311

Weighted average remaining lease term (years)

5.4

5.6

Weighted average discount rate

4.43%

4.22%

Maturities of operating lease liabilities were as follows:

September 30,

2022

For the remainder of 2022

$

3,262

For the year ended December 31, 2023

10,668

For the year ended December 31, 2024

8,429

For the year ended December 31, 2025

6,087

For the year ended December 31, 2026

4,512

For the year ended December 31, 2027 and beyond

6,785

Total lease payments

39,743

Less: imputed interest

(2,903)

Present value of lease liabilities

$

36,840