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LEASE COMMITMENTS
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASE COMMITMENTS LEASE COMMITMENTS
We lease certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2034. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the years ended December 31, 2021 and 2020 were as follows:
Year Ended December 31,20212020
Operating lease cost$23,040 $23,968 
Finance lease cost:
Amortization of right-of-use assets$4,228 $3,982 
Interest on lease liabilities1,360 1,414 
Total finance lease cost$5,588 $5,396 
Short-term lease and variable lease costs$12,259 $9,421 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$22,821 $23,484 
Operating cash flows from finance leases1,374 1,372 
Financing cash flows from finance leases4,349 4,436 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$17,785 $24,477 
Finance leases5,922 3,642 
Supplemental balance sheet information related to leases was as follows:
December 31,
2021		December 31,
2020
Operating Leases
Operating lease right-of-use assets$62,454 $69,845 
Accounts payable, accrued and other liabilities$15,356 $18,804 
Operating lease liabilities48,010 52,212 
Total operating lease liabilities$63,366 $71,016 
Finance Leases
Property, plant and equipment, gross$51,821 $49,760 
Accumulated depreciation(9,864)(7,258)
Property, plant and equipment, net$41,957 $42,502 
Current maturities of long-term obligations, net of unamortized debt issuance cost$3,744 $4,258 
Long-term obligations, net of unamortized debt issuance cost26,441 25,767 
Total finance lease liabilities$30,185 $30,025 
Weighted Average Remaining Lease Term (in years)
Operating leases5.25.0
Finance leases7.47.2
Weighted Average Discount Rate
Operating leases3.80 %4.21 %
Finance leases4.62 %4.85 %
Maturities of lease liabilities as of December 31, 2021, were as follows:
Operating
Leases		Finance
Leases
Year 1$17,442 $5,060 
Year 214,492 3,994 
Year 310,574 3,527 
Year 48,724 3,439 
Year 57,315 2,678 
Thereafter11,605 18,135 
Total lease payments70,152 36,833 
Less imputed interest(6,786)(6,648)
Total$63,366 $30,185 
As of December 31, 2021, we have additional operating leases that have not yet commenced of $0.2 million and no finance leases that have not yet commenced. These operating leases will commence in 2022 with lease terms of 3 years.
LEASE COMMITMENTS LEASE COMMITMENTS
We lease certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2034. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the years ended December 31, 2021 and 2020 were as follows:
Year Ended December 31,20212020
Operating lease cost$23,040 $23,968 
Finance lease cost:
Amortization of right-of-use assets$4,228 $3,982 
Interest on lease liabilities1,360 1,414 
Total finance lease cost$5,588 $5,396 
Short-term lease and variable lease costs$12,259 $9,421 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$22,821 $23,484 
Operating cash flows from finance leases1,374 1,372 
Financing cash flows from finance leases4,349 4,436 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$17,785 $24,477 
Finance leases5,922 3,642 
Supplemental balance sheet information related to leases was as follows:
December 31,
2021		December 31,
2020
Operating Leases
Operating lease right-of-use assets$62,454 $69,845 
Accounts payable, accrued and other liabilities$15,356 $18,804 
Operating lease liabilities48,010 52,212 
Total operating lease liabilities$63,366 $71,016 
Finance Leases
Property, plant and equipment, gross$51,821 $49,760 
Accumulated depreciation(9,864)(7,258)
Property, plant and equipment, net$41,957 $42,502 
Current maturities of long-term obligations, net of unamortized debt issuance cost$3,744 $4,258 
Long-term obligations, net of unamortized debt issuance cost26,441 25,767 
Total finance lease liabilities$30,185 $30,025 
Weighted Average Remaining Lease Term (in years)
Operating leases5.25.0
Finance leases7.47.2
Weighted Average Discount Rate
Operating leases3.80 %4.21 %
Finance leases4.62 %4.85 %
Maturities of lease liabilities as of December 31, 2021, were as follows:
Operating
Leases		Finance
Leases
Year 1$17,442 $5,060 
Year 214,492 3,994 
Year 310,574 3,527 
Year 48,724 3,439 
Year 57,315 2,678 
Thereafter11,605 18,135 
Total lease payments70,152 36,833 
Less imputed interest(6,786)(6,648)
Total$63,366 $30,185 
As of December 31, 2021, we have additional operating leases that have not yet commenced of $0.2 million and no finance leases that have not yet commenced. These operating leases will commence in 2022 with lease terms of 3 years.