Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

Note 9 – Leases

The Company leases certain assets used in its business, including land, buildings, and equipment. These leased assets are used for operational and administrative purposes.

The table below sets forth the components of lease expense for the twelve months ended December 31:

	2024		2023		2022
Operating lease expense	$	14,407	$	13,066	$	13,275
Finance lease expense:
Amortization of assets		29		32		17
Interest on lease liabilities		4		3		1
Short-term lease expense		2,260		1,899		975
Variable lease expense		4,893		4,350		3,561
Total lease expense	$	21,593	$	19,350	$	17,829

The table below sets forth supplemental balance sheet information related to leases as of December 31:

	2024			2023
Operating leases:
Operating lease ROU assets	$	53,749		$	50,833
Current operating lease liabilities		10,863			8,840
Noncurrent operating lease liabilities		28,648			27,289
Total operating lease liabilities	$	39,511		$	36,129
Finance leases:
Finance lease ROU assets	$	2,708		$	2,717
Accumulated amortization		(2,606	)		(2,573	)
Finance lease ROU assets, net	$	102		$	144
Current finance lease liabilities	$	40		$	52
Non-current finance lease liabilities		63			94
Total finance lease liabilities	$	103		$	146
Weighted average remaining lease term (in years):
Operating leases		6.6			7.8
Finance leases		3.3			3.6
Weighted average discount rate:
Operating leases		4.0	%		4.1	%
Finance leases		3.6	%		3.6	%

The table below sets forth supplemental cash flow and other information related to leases for the twelve months ended December 31:

	2024		2023		2022
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$	21,220	$	18,609	$	17,788
Operating cash outflows from finance leases		4		3		1
Financing cash outflow from finance leases		64		115		69
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases		12,864		14,251		8,384

The table below sets forth information about lease liability maturities:

	December 31,
	Operating Leases			Finance Leases
2025	$	13,831		$	43
2026		10,124			23
2027		6,819			21
2028		4,351			20
2029		1,428			1
2030		1,407			-
2031 and thereafter		8,428			-
Total lease payments		46,388			108
Less: imputed interest		(6,877	)		(5	)
Total lease obligations		39,511			103
Less: current obligations		(10,863	)		(40	)
Long-term lease obligations	$	28,648		$	63