LEASES

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

LEASES

LEASES

We lease certain warehouse, plant and office facilities as well as certain equipment under non-cancelable operating and finance leases expiring at various dates through the year 2037. 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 ("COS") and selling, research & development and administrative expenses (“SG&A”).

The components of lease expense for the three months ended March 31, 2023 and 2022 were as follows:

Three Months Ended March 31,	2023		2022
Operating lease cost	$	5,414	$	5,281
Finance lease cost:
Amortization of right-of-use assets	$	911	$	1,129
Interest on lease liabilities	299		325
Total finance lease cost	$	1,210	$	1,454
Short-term lease and variable lease costs	$	4,912	$	3,982

Supplemental cash flow information related to leases was as follows:

Three Months Ended March 31,	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,395	$	5,500
Operating cash flows from finance leases	301		335
Financing cash flows from finance leases	830		1,179
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	4,844	$	6,406
Finance leases	200		599

LEASES

LEASES

We lease certain warehouse, plant and office facilities as well as certain equipment under non-cancelable operating and finance leases expiring at various dates through the year 2037. 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 ("COS") and selling, research & development and administrative expenses (“SG&A”).

The components of lease expense for the three months ended March 31, 2023 and 2022 were as follows:

Three Months Ended March 31,	2023		2022
Operating lease cost	$	5,414	$	5,281
Finance lease cost:
Amortization of right-of-use assets	$	911	$	1,129
Interest on lease liabilities	299		325
Total finance lease cost	$	1,210	$	1,454
Short-term lease and variable lease costs	$	4,912	$	3,982

Supplemental cash flow information related to leases was as follows:

Three Months Ended March 31,	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,395	$	5,500
Operating cash flows from finance leases	301		335
Financing cash flows from finance leases	830		1,179
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	4,844	$	6,406
Finance leases	200		599