Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease, Cost

The following table presents the components of our lease cost (in thousands):

	Year ended December 31,
	2022		2021		2020
Operating lease cost	$	22,038	$	11,251	$	11,284
Finance lease cost — interest	112		122		91
Finance lease cost — reduction of ROU asset	712		648		383
Short-term lease cost	7		14		263
Total lease cost	$	22,869	$	12,035	$	12,021

Interest expense on our finance leases is included in interest expense, net in our consolidated statements of operations. The reduction of the operating and finance ROU assets is included as noncash lease expense in selling, general and administrative expenses in our consolidated statements of operations.

Supplemental Cash Flow Information Leases

The following table presents the supplemental cash flow information related to our leases (in thousands):

	Year ended December 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases(1)	$	25,225	$	11,256	$	10,185
Operating cash flows from finance leases	$	112	$	122	$	91
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,994	$	2,589	$	20,847
Finance leases	$	715	$	558	$	3,062

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(1) We acquired $55.2 million of operating right-of-use assets as part of the Smiths Medical acquisition, see Note 2: Acquisitions.

Supplemental Balance Sheet Information Leases

The following table presents the supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):

	As of December 31,
	2022			2021
Operating leases
Operating lease right-of-use assets	$	74,864		$	39,847
Accrued liabilities	$	18,169		$	9,009
Other long-term liabilities	60,916			33,971
Total operating lease liabilities	$	79,085		$	42,980
Weighted-Average Remaining Lease Term
Operating leases	6.1 years			5.9 years
Weighted-Average Discount Rate
Operating leases	4.34		%	4.98		%

The following table presents the supplemental balance sheet information related to our finance leases (in thousands, except lease term and discount rate):

	As of December 31,
	2022			2021
Finance leases
Finance lease right-of-use assets	$	2,598		$	2,673
Accrued liabilities	$	816		$	643
Other long-term liabilities	1,855			2,067
Total finance lease liabilities	$	2,671		$	2,710
Weighted-Average Remaining Lease Term
Finance leases	4.8 years			5.6 years
Weighted-Average Discount Rate
Finance leases	4.23		%	4.28		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

As of December 31, 2022, the maturities of our operating and finance lease liabilities for each of the next five years are approximately (in thousands):

	Operating Leases		Finance Leases
2023	$	21,800	$	914
2024	17,786		657
2025	12,699		442
2026	11,297		322
2027	7,830		189
Thereafter	17,346		426
Total Lease Payments	88,758		2,950
Less imputed interest	(9,673)		(279)
Total	$	79,085	$	2,671