Leases

12 Months Ended

Dec. 31, 2022

Note 14. Leases

The Company leases office space, cars, distribution centers and equipment under non-cancellable operating lease arrangements with various expiration dates through December 2037. The leases have remaining lease terms of approximately 1 year to 15 years, some of which include options to extend for up to a further 5 years, and some of which include options to terminate prior to completion of the contractual lease term with or without penalties. The Company determines the duration of the lease arrangement giving thought to whether or not it is reasonably certain

that the Company will exercise options to extend or terminate the lease arrangement ahead of its contractual term. The leases do not contain any material residual value guarantees.

The components of lease cost were as follows:


	Year End December 31,
	2022		2021		2020
(In Thousands)
Operating lease cost	$	11,067	$	9,208	$	10,482
Short-term lease cost		297		563		1,702
Total lease cost (1)	$	11,364	$	9,771	$	12,184

_______________________

(1)

Included in cost of revenue, sales and marketing, research and development and general and administration in the Company’s consolidated statement of operations.

Supplemental cash flow information related to leases was as follows:


	Year End December 31,
	2022		2021		2020
(In Thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows relating to operating leases	$	9,907	$	9,474	$	12,127

Lease liabilities arising from obtaining right-of-use assets:
Operating leases	$	26,511	$	1,773	$	9,463

Supplemental balance sheet information related to leases was as follows:


	As of December 31,
	2022			2021
Weighted Average Remaining Lease Term (in years)
Operating leases		4.6			3.6

Weighted Average Discount Rate
Operating leases		4.9	%		4.0	%

As of December 31, 2022, maturities of operating lease liabilities were as follows (in thousands):


	Operating Lease
2023	$	12,842
2024		12,165
2025		10,647
2026		6,987
2027		5,728
Thereafter		2,594
Total lease payments		50,963
Less imputed interest		(5,866	)
Total	$	45,097