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Leases
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
We have entered into various operating lease agreements for automobiles, offices and manufacturing facilities throughout the world. At September 30, 2024, our operating leases had remaining lease terms of up to 36 years, including any reasonably probable extensions.

Lease balances within our consolidated balance sheet were as follows:
(In thousands)September 30, 2024December 31, 2023
Assets:
Operating lease right-of-use assets$15,126 $18,693 
Liabilities:
Other accrued liabilities$4,155 $4,813 
Long-term operating lease obligations9,409 12,560 
Total lease liabilities$13,564 $17,373 
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 September 30,Nine Months Ended September 30,
2024202320242023
Cost of sales$562 $738 $1,859 $2,242 
Selling, general and administrative expenses1,112 1,030 3,365 3,215 
Total operating lease expense$1,674 $1,768 $5,224 $5,457 
Operating cash outflows from operating leases$2,062 $2,301 $5,377 $5,878 
Operating lease right-of-use assets obtained in exchange for lease obligations$160 $242 $169 $2,202 

The weighted average remaining lease liability term and the weighted average discount rate were as follows:
September 30, 2024December 31, 2023
Weighted average lease liability term (in years)4.64.9
Weighted average discount rate5.16 %5.04 %

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 September 30, 2024. The reconciliation excludes short-term leases that are not recorded on the balance sheet.
(In thousands)September 30, 2024
2024 (remaining 3 months)$1,014 
20254,494 
20263,491 
20272,744 
20281,253 
Thereafter2,498 
Total lease payments15,494 
Less: imputed interest(1,930)
Total lease liabilities$13,564 

At September 30, 2024, we did not have any operating leases that had not yet commenced.