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LEASE COMMITMENTS
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 were as follows:
Year Ended December 31,20222021
Operating lease cost$21,105 $23,040 
Finance lease cost:
Amortization of right-of-use assets$4,249 $4,228 
Interest on lease liabilities1,249 1,360 
Total finance lease cost$5,498 $5,588 
Short-term lease and variable lease costs$15,454 $12,259 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$20,488 $22,821 
Operating cash flows from finance leases1,264 1,374 
Financing cash flows from finance leases3,662 4,349 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$16,754 $17,785 
Finance leases1,011 5,922 
Supplemental balance sheet information related to leases was as follows:
December 31,
2022		December 31,
2021
Operating Leases
Operating lease right-of-use assets$58,675 $62,454 
Accounts payable, accrued and other liabilities$16,985 $15,356 
Operating lease liabilities42,948 48,010 
Total operating lease liabilities$59,933 $63,366 
Finance Leases
Property, plant and equipment, gross$50,173 $51,821 
Accumulated depreciation(12,781)(9,864)
Property, plant and equipment, net$37,392 $41,957 
Current maturities of long-term obligations, net of unamortized debt issuance cost$3,234 $3,744 
Long-term obligations, net of unamortized debt issuance cost23,700 26,441 
Total finance lease liabilities$26,934 $30,185 
Weighted Average Remaining Lease Term (in years)
Operating leases4.65.2
Finance leases6.67.4
Weighted Average Discount Rate
Operating leases4.01 %3.80 %
Finance leases4.76 %4.62 %
Maturities of lease liabilities as of December 31, 2022, were as follows:
Operating
Leases		Finance
Leases
Year 1$19,193 $4,454 
Year 214,414 3,691 
Year 310,011 3,572 
Year 48,479 2,807 
Year 56,908 6,003 
Thereafter6,860 11,832 
Total lease payments65,865 32,359 
Less imputed interest(5,932)(5,425)
Total$59,933 $26,934 
As of December 31, 2022, we have additional operating leases that have not yet commenced of $0.4 million and no finance leases that have not yet commenced. These operating leases will commence in 2023 with lease terms of 3 to 5 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, 2022 and 2021 were as follows:
Year Ended December 31,20222021
Operating lease cost$21,105 $23,040 
Finance lease cost:
Amortization of right-of-use assets$4,249 $4,228 
Interest on lease liabilities1,249 1,360 
Total finance lease cost$5,498 $5,588 
Short-term lease and variable lease costs$15,454 $12,259 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$20,488 $22,821 
Operating cash flows from finance leases1,264 1,374 
Financing cash flows from finance leases3,662 4,349 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$16,754 $17,785 
Finance leases1,011 5,922 
Supplemental balance sheet information related to leases was as follows:
December 31,
2022		December 31,
2021
Operating Leases
Operating lease right-of-use assets$58,675 $62,454 
Accounts payable, accrued and other liabilities$16,985 $15,356 
Operating lease liabilities42,948 48,010 
Total operating lease liabilities$59,933 $63,366 
Finance Leases
Property, plant and equipment, gross$50,173 $51,821 
Accumulated depreciation(12,781)(9,864)
Property, plant and equipment, net$37,392 $41,957 
Current maturities of long-term obligations, net of unamortized debt issuance cost$3,234 $3,744 
Long-term obligations, net of unamortized debt issuance cost23,700 26,441 
Total finance lease liabilities$26,934 $30,185 
Weighted Average Remaining Lease Term (in years)
Operating leases4.65.2
Finance leases6.67.4
Weighted Average Discount Rate
Operating leases4.01 %3.80 %
Finance leases4.76 %4.62 %
Maturities of lease liabilities as of December 31, 2022, were as follows:
Operating
Leases		Finance
Leases
Year 1$19,193 $4,454 
Year 214,414 3,691 
Year 310,011 3,572 
Year 48,479 2,807 
Year 56,908 6,003 
Thereafter6,860 11,832 
Total lease payments65,865 32,359 
Less imputed interest(5,932)(5,425)
Total$59,933 $26,934 
As of December 31, 2022, we have additional operating leases that have not yet commenced of $0.4 million and no finance leases that have not yet commenced. These operating leases will commence in 2023 with lease terms of 3 to 5 years.