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LEASES
3 Months Ended
Mar. 31, 2024
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 2042. 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 months ended March 31, 2024 and 2023 were as follows:
Three Months Ended March 31,20242023
Operating lease cost$4,881 $5,414 
Finance lease cost:
Amortization of right-of-use assets$1,670 $911 
Interest on lease liabilities296 299 
Total finance lease cost$1,966 $1,210 
Short-term lease and variable lease costs$5,198 $4,912 
Supplemental cash flow information related to leases were as follows:
Three Months Ended March 31,20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,820 $5,395 
Operating cash flows from finance leases126 301 
Financing cash flows from finance leases1,199 830 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$5,397 $4,844 
Finance leases191 200 
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 2042. 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 months ended March 31, 2024 and 2023 were as follows:
Three Months Ended March 31,20242023
Operating lease cost$4,881 $5,414 
Finance lease cost:
Amortization of right-of-use assets$1,670 $911 
Interest on lease liabilities296 299 
Total finance lease cost$1,966 $1,210 
Short-term lease and variable lease costs$5,198 $4,912 
Supplemental cash flow information related to leases were as follows:
Three Months Ended March 31,20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,820 $5,395 
Operating cash flows from finance leases126 301 
Financing cash flows from finance leases1,199 830 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$5,397 $4,844 
Finance leases191 200