Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Leases

Leases

The Company has operating leases for certain facilities, vehicles and machinery and equipment with remaining lease terms up to 8 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 92 years.

The Company had no material variable lease costs, sublease income, or finance leases for the three and nine months ended September 30, 2023 and 2022. The components of the Company’s lease expense are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease expense	$	3,886	$	3,664	$	11,532	$	10,592
Short-term lease expense	193		201		587		625

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,917	$	3,768	$	11,547	$	10,575
Non-cash lease liabilities activity:
Leased assets obtained in exchange for new operating lease liabilities	2,910		2,599		6,566		10,672

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

	September 30, 2023			December 31, 2022
Right of use lease assets	$	38,595		$	43,766
Other current liabilities	12,113			12,024
Long-term lease liabilities	22,163			26,967
Total operating lease liabilities	$	34,276		$	38,991
Weighted average remaining lease term (years)	4.82			5.10
Weighted average discount rate	4.67		%	4.36		%

Maturities of operating lease liabilities were as follows:

	September 30, 2023
For the remainder of 2023	$	3,691
For the year ended December 31, 2024	12,589
For the year ended December 31, 2025	8,417
For the year ended December 31, 2026	6,286
For the year ended December 31, 2027	3,051
For the year ended December 31, 2028 and beyond	5,614
Total lease payments	39,648
Less: imputed interest	(5,372)
Present value of lease liabilities	$	34,276