Leases (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2023		December 31, 2022
Assets
Operating leases	Operating lease right-of-use assets	$	44,620	$	47,280
Finance leases	Property and equipment, net (a)	2,570		—
Total lease assets		$	47,190	$	47,280
Liabilities
Current:
Operating leases	Lease liabilities, current portion	$	8,420	$	8,280
Finance leases	Lease liabilities, current portion	490		—
Long-term:
Operating leases	Lease liabilities	37,930		41,010
Finance leases	Lease liabilities	1,920		—
Total lease liabilities		$	48,760	$	49,290

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(a) Finance leases were recorded net of accumulated depreciation of $0.1 million as of June 30, 2023.

Lease, Cost [Table Text Block]

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


		Three months ended June 30,				Six months ended June 30,
	Statement of Income Location	2023		2022		2023		2022
Operating lease cost	Cost of sales and Selling, general and administrative expenses	$	3,140	$	2,690	$	5,720	$	5,330
Finance lease cost:
Depreciation of lease assets	Cost of sales	60		—		100		—
Interest on lease liabilities	Interest expense	20		—		30		—
Short-term, variable and other lease costs	Cost of sales and Selling, general and administrative expenses	840		730		1,480		1,420
Total lease cost		$	4,060	$	3,420	$	7,330	$	6,750

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 six months ended June 30, 2023)	$	5,120	$	280
2024	9,560		530
2025	8,140		520
2026	7,910		600
2027	6,830		700
Thereafter	14,850		—
Total lease payments	52,410		2,630
Less: Imputed interest	(6,060)		(220)
Present value of lease liabilities	$	46,350	$	2,410

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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 June 30,		Six months ended June 30,
	2023	2022	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	2,630	2,550	$	5,220	$	4,820
Operating cash flows from finance leases	20	—	30		—
Financing cash flows from finance leases	120	—	200		—
Lease assets obtained in exchange for new lease liabilities:
Operating leases	—	—	4,780		4,750
Finance leases	—	—	2,620		—