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Leases
 12 Months Ended
Dec. 31, 2023
Lessee Disclosure [Abstract]  
Leases Leases
We are generally the lessee in our lease transactions. Lessees are required to recognize a lease liability and a right of use ("ROU") asset for leases with terms greater than 12 months, in accordance with the practical expedient that is available for ongoing accounting.
ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term, using the rate implicit in the lease. If that rate is not readily determinable, the rate is based on the Company’s incremental borrowing rate. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease. Our ROU assets include the values associated with the additional periods when it is reasonably certain that we will exercise the option. We review the carrying value of ROU assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition.
We have entered into operating and finance leases for offices, manufacturing facilities, warehouses, vehicles, and certain equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year.
The components of lease expense were as follows:
For the years ended
(in thousands)December 31, 2023December 31, 2022December 31, 2021
Finance lease:
Amortization of right-of-use asset$— $416 $997 
Interest on lease liabilities— 529 1,353 
Operating lease:
Fixed lease cost9,591 6,036 5,283 
Variable lease cost108 438 (259)
Short-term lease cost2,060 1,025 1,037 
Total lease expense$11,759 $8,444 $8,411 

Supplemental cash flow information related to leases was as follows:
For the years ended
(in thousands)December 31, 2023December 31, 2022December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$10,105 $6,612 $5,233 
Operating cash outflows from finance leases— 529 1,353 
Financing cash outflows from finance leases— 654 1,438 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$9,114 $38,559 $2,189 
Finance leases— — — 
The initial recognition of each ROU asset and lease liability at lease commencement is a noncash transaction that is excluded from amounts reported in the Consolidated Statements of Cash Flows.
In 2022, the Company extended the lease of its primary manufacturing facility in Salt Lake City, Utah, which resulted in a lease classification change from Finance to Operating and included a non-cash increase of $37.1 million to both Other assets and to Other noncurrent liabilities in the Consolidated Balance Sheets. Due to the non-cash nature of the transaction, those increases are excluded from amounts reported in the Consolidated Statements of Cash Flows.

Supplemental balance sheet information related to leases was as follows:
(in thousands)December 31, 2023December 31, 2022
Operating leases
Right of use assets included in Other assets$50,825 $48,475 
Lease liabilities included in
Accrued liabilities$7,335 $5,929 
Other noncurrent liabilities50,637 50,190 
Total operating lease liabilities$57,972 $56,119 
Additional information for leases existing at December 31, 2023 and 2022 was as follows:
December 31, 2023December 31, 2022
Weighted average remaining lease term
Operating leases10 years11 years
Weighted average discount rate
Operating leases5.4 %5.3 %

Maturities of lease liabilities as of December 31, 2023 were as follows:
(in thousands)Operating leases
Year ending December 31,
2024$10,627 
20259,505 
20268,466 
20277,691 
20285,423 
Thereafter32,990 
Total lease payments74,702 
Less imputed interest(16,730)
Total$57,972 
Leases Leases
We are generally the lessee in our lease transactions. Lessees are required to recognize a lease liability and a right of use ("ROU") asset for leases with terms greater than 12 months, in accordance with the practical expedient that is available for ongoing accounting.
ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term, using the rate implicit in the lease. If that rate is not readily determinable, the rate is based on the Company’s incremental borrowing rate. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease. Our ROU assets include the values associated with the additional periods when it is reasonably certain that we will exercise the option. We review the carrying value of ROU assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition.
We have entered into operating and finance leases for offices, manufacturing facilities, warehouses, vehicles, and certain equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year.
The components of lease expense were as follows:
For the years ended
(in thousands)December 31, 2023December 31, 2022December 31, 2021
Finance lease:
Amortization of right-of-use asset$— $416 $997 
Interest on lease liabilities— 529 1,353 
Operating lease:
Fixed lease cost9,591 6,036 5,283 
Variable lease cost108 438 (259)
Short-term lease cost2,060 1,025 1,037 
Total lease expense$11,759 $8,444 $8,411 

Supplemental cash flow information related to leases was as follows:
For the years ended
(in thousands)December 31, 2023December 31, 2022December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$10,105 $6,612 $5,233 
Operating cash outflows from finance leases— 529 1,353 
Financing cash outflows from finance leases— 654 1,438 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$9,114 $38,559 $2,189 
Finance leases— — — 
The initial recognition of each ROU asset and lease liability at lease commencement is a noncash transaction that is excluded from amounts reported in the Consolidated Statements of Cash Flows.
In 2022, the Company extended the lease of its primary manufacturing facility in Salt Lake City, Utah, which resulted in a lease classification change from Finance to Operating and included a non-cash increase of $37.1 million to both Other assets and to Other noncurrent liabilities in the Consolidated Balance Sheets. Due to the non-cash nature of the transaction, those increases are excluded from amounts reported in the Consolidated Statements of Cash Flows.

Supplemental balance sheet information related to leases was as follows:
(in thousands)December 31, 2023December 31, 2022
Operating leases
Right of use assets included in Other assets$50,825 $48,475 
Lease liabilities included in
Accrued liabilities$7,335 $5,929 
Other noncurrent liabilities50,637 50,190 
Total operating lease liabilities$57,972 $56,119 
Additional information for leases existing at December 31, 2023 and 2022 was as follows:
December 31, 2023December 31, 2022
Weighted average remaining lease term
Operating leases10 years11 years
Weighted average discount rate
Operating leases5.4 %5.3 %

Maturities of lease liabilities as of December 31, 2023 were as follows:
(in thousands)Operating leases
Year ending December 31,
2024$10,627 
20259,505 
20268,466 
20277,691 
20285,423 
Thereafter32,990 
Total lease payments74,702 
Less imputed interest(16,730)
Total$57,972