Leases, Codification Topic 842

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

LeasesWe have operating leases for our corporate and division offices, production facilities, model homes, and certain office and production equipment. Additionally, we have entered into finance leases for one of our production facilities and certain plant equipment. Our leases have remaining lease terms of up to 17.7 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the lease. See Note 1 herein for additional information regarding leases.

The components of lease expense were as follows:

	Year Ended December 31,
	2022		2021		2020
Lease expense
Operating lease expense	$	34,467	$	31,923	$	31,704
Finance lease expense:
Amortization of ROU assets	1,916		1,798		1,313
Interest on lease liabilities	417		429		281
Short-term lease expense	27,584		24,012		24,361
Total lease expense	$	64,384	$	58,162	$	57,659

Other information related to leases was as follows:

	Year Ended December 31,
	2022			2021
Supplemental Cash Flows Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	28,837		$	27,849
Operating cash flows from finance leases	$	417		$	429
Financing cash flows from finance leases	$	1,495		$	1,363
ROU assets obtained in exchange for lease obligations:
Operating leases	$	44,782		$	26,781
Finance leases	$	1,083		$	603
Weighted-average remaining lease term (in years):
Operating leases	6.0			6.3
Finance leases	10.8			11.7
Weighted-average discount rate:
Operating leases	3.6		%	3.0		%
Finance leases	2.9		%	2.8		%

We are committed under multiple non-cancelable operating and finance leases involving office space, model homes, production facilities, automobiles and equipment. Future lease payments under these operating and finance leases as of December 31, 2022 are as follows:

Year Ending December 31,	Operating Leases		Finance Leases
2023	$	33,453	$	2,025
2024	21,812		2,030
2025	16,074		2,035
2026	11,146		2,983
2027	7,429		1,410
Thereafter	21,140		7,227
Total lease payments	111,054		17,710
Less:
Imputed interest	10,806		2,707
Short-term lease payments	7,462		—
Total lease liability	$	92,786	$	15,003

Leases

LeasesWe have operating leases for our corporate and division offices, production facilities, model homes, and certain office and production equipment. Additionally, we have entered into finance leases for one of our production facilities and certain plant equipment. Our leases have remaining lease terms of up to 17.7 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the lease. See Note 1 herein for additional information regarding leases.

The components of lease expense were as follows:

	Year Ended December 31,
	2022		2021		2020
Lease expense
Operating lease expense	$	34,467	$	31,923	$	31,704
Finance lease expense:
Amortization of ROU assets	1,916		1,798		1,313
Interest on lease liabilities	417		429		281
Short-term lease expense	27,584		24,012		24,361
Total lease expense	$	64,384	$	58,162	$	57,659

Other information related to leases was as follows:

	Year Ended December 31,
	2022			2021
Supplemental Cash Flows Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	28,837		$	27,849
Operating cash flows from finance leases	$	417		$	429
Financing cash flows from finance leases	$	1,495		$	1,363
ROU assets obtained in exchange for lease obligations:
Operating leases	$	44,782		$	26,781
Finance leases	$	1,083		$	603
Weighted-average remaining lease term (in years):
Operating leases	6.0			6.3
Finance leases	10.8			11.7
Weighted-average discount rate:
Operating leases	3.6		%	3.0		%
Finance leases	2.9		%	2.8		%

We are committed under multiple non-cancelable operating and finance leases involving office space, model homes, production facilities, automobiles and equipment. Future lease payments under these operating and finance leases as of December 31, 2022 are as follows:

Year Ending December 31,	Operating Leases		Finance Leases
2023	$	33,453	$	2,025
2024	21,812		2,030
2025	16,074		2,035
2026	11,146		2,983
2027	7,429		1,410
Thereafter	21,140		7,227
Total lease payments	111,054		17,710
Less:
Imputed interest	10,806		2,707
Short-term lease payments	7,462		—
Total lease liability	$	92,786	$	15,003