Leases (Tables)

9 Months Ended

Sep. 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	September 30, 2023		December 31, 2022
Assets
Operating leases	Operating lease right-of-use assets	$	45,650	$	47,280
Finance leases	Property and equipment, net (a)	2,430		—
Total lease assets		$	48,080	$	47,280
Liabilities
Current:
Operating leases	Lease liabilities, current portion	$	8,310	$	8,280
Finance leases	Lease liabilities, current portion	470		—
Long-term:
Operating leases	Lease liabilities	39,400		41,010
Finance leases	Lease liabilities	1,750		—
Total lease liabilities		$	49,930	$	49,290

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

Lease, Cost [Table Text Block]

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


		Three months ended September 30,				Nine months ended September 30,
	Statement of Income Location	2023		2022		2023		2022
Operating lease cost	Cost of sales and Selling, general and administrative expenses	$	3,140	$	2,590	$	8,860	$	7,920
Finance lease cost:
Depreciation of lease assets	Cost of sales	50		—		150		—
Interest on lease liabilities	Interest expense	10		—		40		—
Short-term, variable and other lease costs	Cost of sales and Selling, general and administrative expenses	1,030		950		2,510		2,370
Total lease cost		$	4,230	$	3,540	$	11,560	$	10,290

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 nine months ended September 30, 2023)	$	2,530	$	140
2024	9,540		520
2025	8,120		510
2026	8,570		590
2027	7,500		680
Thereafter	18,390		—
Total lease payments	54,650		2,440
Less: Imputed interest	(6,940)		(220)
Present value of lease liabilities	$	47,710	$	2,220

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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 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	$	2,540	$	2,540	$	7,760	$	7,360
Operating cash flows from finance leases	10		—		40		—
Financing cash flows from finance leases	120		—		320		—
Lease assets obtained in exchange for new lease liabilities:
Operating leases	3,560		970		8,340		5,720
Finance leases	—		—		2,620		—