Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Balance Sheet Information

The following table provides a summary of leases included on the condensed consolidated balance sheets as of March 31, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the three months ended March 31, 2022 and 2021, respectively:

	Condensed Consolidated Balance Sheets Line Item	March 31,				December 31,
(in thousands)		2022		2021		2021
Operating leases
Assets
Operating leases	Operating lease right-of-use assets	$	44,651	$	44,236	$	45,438
Liabilities
Operating - current	Accrued expenses and other current liabilities	8,750		$	8,941	$	8,769
Operating - noncurrent	Operating lease liabilities	36,336		35,810		37,091
Total operating lease liabilities		$	45,086	$	44,751	$	45,860
Finance leases
Assets
Property and equipment, gross	Property, plant and equipment, net	$	—	$	3,569	$	3,569
Accumulated amortization	Property, plant and equipment, net	—		(3,188)		(3,416)
Property and equipment, net	Property, plant and equipment, net	$	—	$	381	$	153
Liabilities
Other current liabilities	Accrued expenses and other current liabilities	$	—	$	193	$	—
Total finance lease liabilities		$	—	$	193	$	—

Lease, Cost

The components of lease expense were as follows:

	Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item	Three Months Ended March 31,
(in thousands)		2022		2021
Operating lease cost	General administrative expenses and      cost of sales	$	3,128	$	2,859
Finance lease cost:
Amortization of right-of-use         assets	General administrative expenses	$	—	$	216
Interest on lease liabilities	Interest expense, net	—		2
Total finance lease		$	—	$	218

Other Information

Supplemental cash flow information related to leases is as follows:

	Three Months Ended March 31,
(in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,097	$	2,805
Finance cash flows for finance leases	—		290
Operating right-of-use assets obtained in exchange for lease      obligations during the current period	2,196		786

The following table summarizes the Company's lease terms and discount rates as of March 31, 2022 and 2021:

Weighted-average remaining lease terms (in years):	2022		2021
Operating leases	6.64		7.13
Finance leases	0.0		0.25
Weighted-average discount rate:
Operating leases	5.17	%	5.28	%
Finance leases	—	%	3.5	%

Operating Lease, Liability, Maturity

The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2022:

(in thousands)	Operating Leases
Remaining nine months of 2022	$	8,438
2023	9,327
2024	7,550
2025	6,005
2026	4,997
Thereafter	16,279
Total lease payments	52,596
Less: Present value discount	(7,510)
Total lease liabilities	$	45,086

Finance Lease, Liability, Maturity

The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2022:

(in thousands)	Operating Leases
Remaining nine months of 2022	$	8,438
2023	9,327
2024	7,550
2025	6,005
2026	4,997
Thereafter	16,279
Total lease payments	52,596
Less: Present value discount	(7,510)
Total lease liabilities	$	45,086