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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of Lease Expense Supplemental Cash Flow Information Related to Leases and Other Lease Related Information

Information related to our leases are presented below:

 

 

 

 

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(Dollars In Thousands)

 

Components of lease expense:

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

10,692

 

 

$

9,998

 

 

$

7,611

 

Short-term lease cost

 

 

3,634

 

 

 

2,243

 

 

 

4,372

 

Other cost (1)

 

 

275

 

 

 

157

 

 

 

75

 

Total lease cost

 

$

14,601

 

 

$

12,398

 

 

$

12,058

 

Supplemental cash flow information related to leases:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

10,552

 

 

$

10,290

 

 

$

7,782

 

Operating cash flows from finance leases

 

 

56

 

 

 

33

 

 

 

15

 

Financing cash flows from finance leases

 

 

168

 

 

 

92

 

 

 

45

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

10,776

 

 

$

10,415

 

 

$

7,842

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

4,347

 

 

$

9,549

 

 

$

17,064

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

$

932

 

 

$

 

 

$

318

 

 

 

 

 

 

 

 

 

 

 

Other lease-related information:

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

3.3

 

 

 

4.0

 

 

 

4.3

 

Weighted-average remaining lease term - finance leases (in years)

 

 

4.9

 

 

 

3.2

 

 

 

4.1

 

Weighted-average discount rate - operating leases

 

 

8.25

%

 

 

8.44

%

 

 

8.26

%

Weighted-average discount rate - finance leases

 

 

7.54

%

 

 

8.69

%

 

 

8.65

%

(1) Includes variable and finance lease costs.

Summary of Future Minimum Lease Payments

At December 31, 2022, future minimum lease payments due under ASC 842 are summarized by fiscal year in the table below:

 

 

 

Operating Leases

 

 

Finance Leases

 

 

 

(In thousands)

 

2023

 

$

8,771

 

 

$

299

 

2024

 

 

7,780

 

 

 

275

 

2025

 

 

4,192

 

 

 

318

 

2026

 

 

2,650

 

 

 

196

 

2027

 

 

1,692

 

 

 

137

 

Thereafter

 

 

353

 

 

 

132

 

Total lease payments

 

 

25,438

 

 

 

1,357

 

Less imputed interest

 

 

(3,283

)

 

 

(219

)

Present value of lease liabilities

 

$

22,155

 

 

$

1,138