Other Noncurrent Liabilities

12 Months Ended

Dec. 31, 2023

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities

19. Other Noncurrent Liabilities

As of December 31, 2023 and 2022, Other noncurrent liabilities consisted of the following:

(in thousands)	2023		2022
Operating leases	$	50,637	$	50,190
Postretirement benefits other than pensions	25,876		31,998
Pension liabilities	59,431		23,061
Incentive and deferred compensation	1,957		1,395
Other	1,484		2,114
Total other noncurrent liabilities	$	139,385	$	108,758

On August 31, 2023, the Company completed the acquisition of Heimbach. Included in the fair value of liabilities assumed was $35.3 million of pension liabilities, net, of which $33.6 million was recorded to Other noncurrent

liabilities, and the remainder was recorded to Accrued liabilities in our Consolidated Balance Sheets. See Note 24, Business Combination, of the Notes to the Consolidated Financial Statements for additional information.