Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lessee, Operating Leases

Leases

We lease certain factories, service and distribution locations, offices, and equipment under operating leases. Our operating leases have initial lease terms ranging from one to 10 years, some of which include options to extend or renew the leases for up to 10 years. Certain lease agreements contain provisions for future rent increases. Our leases do not contain material residual value guarantees, and finance leases are not material.

The components of operating lease expense are as follows:

In thousands	Year Ended December 31,
	2024		2023
Operating lease cost	$	22,563	$	18,798
Variable lease cost	3,640		3,804
Total operating lease cost	$	26,203	$	22,602

Supplemental cash flow information related to operating leases is as follows:

In thousands	Year Ended December 31,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	18,741	$	19,517
Right-of-use assets obtained in exchange for operating lease liabilities	9,351		3,652

Supplemental balance sheet information related to operating leases is as follows:

In thousands	December 31, 2024			December 31, 2023
Operating lease right-of-use assets, net	$	28,957		$	41,186
Other current liabilities	14,584			14,981
Operating lease liabilities	25,350			32,656
Total operating lease liability	$	39,934		$	47,637
Weighted average remaining lease term - Operating leases	3.8 years			3.6 years
Weighted average discount rate - Operating leases	4.6		%	4.5		%

Amounts due under operating lease liabilities as of December 31, 2024 are as follows:

In thousands	December 31, 2024
2025	$	15,932
2026	13,657
2027	5,648
2028	2,700
2029	1,252
Thereafter	4,291
Total lease payments	43,480
Less: imputed interest	(3,546)
Total operating lease liability	$	39,934