LEASES

9 Months Ended

Sep. 30, 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 and selling, research & development and administrative expenses.

The components of lease expense for the three and nine months ended September 30, 2023 and 2022 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease cost	$	5,150	$	4,870	$	15,841	$	15,605
Finance lease cost:
Amortization of right-of-use assets	$	908	$	1,050	$	2,686	$	3,307
Interest on lease liabilities	289		307		883		947
Total finance lease cost	$	1,197	$	1,357	$	3,569	$	4,254
Short-term lease and variable lease costs	$	5,774	$	4,226	$	15,883	$	11,437

Supplemental cash flow information related to leases was as follows:

Nine Months Ended September 30,	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,993	$	15,001
Operating cash flows from finance leases	883		941
Financing cash flows from finance leases	2,377		2,749
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	7,764	$	13,146
Finance leases	401		919

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 and selling, research & development and administrative expenses.

The components of lease expense for the three and nine months ended September 30, 2023 and 2022 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease cost	$	5,150	$	4,870	$	15,841	$	15,605
Finance lease cost:
Amortization of right-of-use assets	$	908	$	1,050	$	2,686	$	3,307
Interest on lease liabilities	289		307		883		947
Total finance lease cost	$	1,197	$	1,357	$	3,569	$	4,254
Short-term lease and variable lease costs	$	5,774	$	4,226	$	15,883	$	11,437

Supplemental cash flow information related to leases was as follows:

Nine Months Ended September 30,	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,993	$	15,001
Operating cash flows from finance leases	883		941
Financing cash flows from finance leases	2,377		2,749
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	7,764	$	13,146
Finance leases	401		919