Leases (Tables)

3 Months Ended

Mar. 31, 2023

Supplemental Balance Sheet Information about Leases of Lessee

Supplemental balance sheet information related to the Company's leases are shown below (dollars in thousands):


	Balance Sheet Location	March 31, 2023		December 31, 2022
Assets
Operating leases	Operating lease right-of-use assets	$	47,040	$	47,280
Finance leases	Property and equipment, net (a)	2,580		—
Total lease assets		$	49,620	$	47,280
Liabilities
Current:
Operating leases	Lease liabilities, current portion	$	8,550	$	8,280
Finance leases	Lease liabilities, current portion	490		—
Long-term:
Operating leases	Lease liabilities	40,150		41,010
Finance leases	Lease liabilities	2,040		—
Total lease liabilities		$	51,230	$	49,290

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(a) Finance leases were recorded net of accumulated depreciation of $0.1 million as of March 31, 2023.

Lease, Cost [Table Text Block]

The components of lease expense are as follows (dollars in thousands):


		Three months ended March 31,
	Statement of Income Location		2023		2022
Operating lease cost	Cost of sales and Selling, general and administrative expenses		$	2,580	$	2,310
Finance lease cost:
Depreciation of lease assets	Cost of sales		40		—
Interest on lease liabilities	Interest expense		10		—
Short-term, variable and other lease costs	Cost of sales and Selling, general and administrative expenses		640		690
Total lease cost			$	3,270	$	3,000

Lessee, Lease Liability, Maturity

Maturities of lease liabilities are as follows (dollars in thousands):


Year ended December 31,	Operating Leases(a)		Finance Leases(a)
2023 (excluding the three months ended March 31, 2023)	$	7,830	$	410
2024	9,610		530
2025	8,200		520
2026	7,920		600
2027	6,820		690
Thereafter	14,830		—
Total lease payments	55,210		2,750
Less: Imputed interest	(6,510)		(220)
Present value of lease liabilities	$	48,700	$	2,530

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(a) The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

Supplemental Cash Flow Information Related to Leases

Other information related to the Company's leases are as follows (dollars in thousands):


	Three months ended March 31,
		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	2,590	$	2,270
Operating cash flows from finance leases		10		—
Financing cash flows from finance leases		80		—
Lease assets obtained in exchange for new lease liabilities:
Operating leases		4,780		4,750
Finance leases		2,620		—