Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

Note 8. Leases

We have operating and finance leases for our manufacturing facilities, warehouses, offices, automobiles and certain of our machinery and equipment. Our leases have remaining lease terms of between one and 15 years, some of which may include options to extend the leases up to five years.

The components of lease cost were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in thousands)
Total operating lease cost	$	10,596	$	9,645	$	21,812	$	19,361
Finance lease cost
Amortization of assets under finance leases	$	869	$	906	$	1,906	$	1,806
Interest on finance leases		82		169		192		358
Total finance lease cost	$	951	$	1,075	$	2,098	$	2,164

Total lease assets and liabilities were as follows:

	June 30,			December 31,
	2022			2021
	(in thousands)
Operating Leases
Operating lease right of use assets	$	154,629		$	137,192
Current operating lease liabilities	$	22,066		$	22,681
Noncurrent operating lease liabilities		141,642			146,479
Total operating lease liabilities	$	163,708		$	169,160
Finance Leases
Property, plant and equipment, gross	$	36,106		$	26,405
Less: accumulated depreciation		(21,537	)		(13,782	)
Total property, plant and equipment, net	$	14,569		$	12,623
Current maturities of long-term debt	$	2,833		$	5,435
Long-term debt, net of debt issuance costs and current maturities		1,688			2,389
Total finance lease liabilities	$	4,521		$	7,824

Future minimum lease payments under noncancelable leases as of June 30, 2022 were as follows:

	Operating			Finance
	Leases			Leases
	(in thousands)
Year Ending December 31,
Remainder of 2022	$	17,237		$	2,358
2023		32,392			1,325
2024		29,594			711
2025		29,140			379
2026		28,176			7
Thereafter		80,835			—
Total future minimum lease payments		217,374			4,780
Less: interest		(53,666	)		(259	)
Total lease liabilities	$	163,708		$	4,521

Supplemental cash flow information related to leases was as follows:

	Six Months Ended
	June 30,
	2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease    liabilities:
Operating cash flows from operating leases	$	20,169	$	18,297
Operating cash flows from finance leases		192		358
Financing cash flows from finance leases		2,772		2,803

Other information related to leases was as follows:

	June 30,			December 31,
	2022			2021
Weighted-Average Remaining Lease Term (In Years):
Operating leases		6.8			7.0
Finance leases		1.8			1.9
Weighted-Average Discount Rate:
Operating leases		8.1	%		8.0	%
Finance leases		5.5	%		5.8	%

As of June 30, 2022, there were no material additional leases related to our manufacturing facilities, warehouses, offices, automobiles or our machinery and equipment which have not yet commenced.