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Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lease Balances within the Consolidated Balance Sheet
Lease balances within our consolidated balance sheet were as follows:
(In thousands)March 31, 2024December 31, 2023
Assets:
Operating lease right-of-use assets$17,239 $18,693 
Liabilities:
Other accrued liabilities$4,529 $4,813 
Long-term operating lease obligations11,477 12,560 
Total lease liabilities$16,006 $17,373 
Operating Lease Expense, Operating Lease Cash Flows and Supplemental Cash Flow Information
Operating lease expense, including variable and short-term lease costs which were insignificant to the total, operating lease cash
flows and supplemental cash flow information were as follows:
(In thousands)Three Months Ended March 31,
20242023
Cost of sales$708 $792 
Selling, general and administrative expenses1,151 1,076 
Total operating lease expense$1,859 $1,868 
Operating cash outflows from operating leases$1,745 $1,831 
Lease Terms and Discount Rates
The weighted average remaining lease liability term and the weighted average discount rate were as follows:
March 31, 2024December 31, 2023
Weighted average lease liability term (in years)4.94.9
Weighted average discount rate5.06 %5.04 %
Reconciliation of the Undiscounted Cash Flows for Each of the First Five Years and Thereafter to Operating Lease Liabilities
The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheet at March 31, 2024. The reconciliation excludes short-term leases that are not recorded on the balance sheet.
(In thousands)March 31, 2024
2024 (remaining 9 months)$4,007 
20254,448 
20263,426 
20272,681 
20281,228 
Thereafter2,479 
Total lease payments18,269 
Less: imputed interest(2,263)
Total lease liabilities$16,006