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LEASE COMMITMENTS
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASE COMMITMENTS LEASE COMMITMENTS
We lease certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2042. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the years ended December 31, 2024 and 2023 were as follows:
Year Ended December 31,20242023
Operating lease cost$20,061 $20,780 
Finance lease cost:
Amortization of right-of-use assets$6,803 $4,662 
Interest on lease liabilities1,192 1,220 
Total finance lease cost$7,995 $5,882 
Short-term lease and variable lease costs$20,149 $20,509 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$20,376 $21,512 
Operating cash flows from finance leases1,289 1,371 
Financing cash flows from finance leases3,054 3,682 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$33,726 $14,514 
Finance leases1,705 2,746 
Supplemental balance sheet information related to leases was as follows:
December 31,
2024		December 31,
2023
Operating Leases
Operating lease right-of-use assets$64,213 $59,074 
Accounts payable, accrued and other liabilities$17,015 $14,056 
Operating lease liabilities49,716 45,267 
Total operating lease liabilities$66,731 $59,323 
Finance Leases
Property, plant and equipment, gross$50,319 $51,846 
Accumulated depreciation(20,103)(15,369)
Property, plant and equipment, net$30,216 $36,477 
Current maturities of long-term obligations, net of unamortized debt issuance cost$3,563 $3,591 
Long-term obligations, net of unamortized debt issuance cost20,190 22,887 
Total finance lease liabilities$23,753 $26,478 
Weighted Average Remaining Lease Term (in years)
Operating leases4.73.5
Finance leases4.95.3
Weighted Average Discount Rate
Operating leases5.77 %5.52 %
Finance leases5.12 %5.05 %
Maturities of lease liabilities as of December 31, 2024, were as follows:
Operating
Leases		Finance
Leases
Year 1$19,758 $4,637 
Year 216,511 3,500 
Year 312,267 6,683 
Year 47,387 2,057 
Year 55,524 7,230 
Thereafter17,649 3,227 
Total lease payments79,096 27,334 
Less imputed interest(12,365)(3,581)
Total$66,731 $23,753 
As of December 31, 2024, we have additional operating leases that have not yet commenced of $0.9 million and no finance leases that have not yet commenced. These operating leases will commence in 2025 with lease terms of 2 to 4 years.
LEASE COMMITMENTS LEASE COMMITMENTS
We lease certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2042. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the years ended December 31, 2024 and 2023 were as follows:
Year Ended December 31,20242023
Operating lease cost$20,061 $20,780 
Finance lease cost:
Amortization of right-of-use assets$6,803 $4,662 
Interest on lease liabilities1,192 1,220 
Total finance lease cost$7,995 $5,882 
Short-term lease and variable lease costs$20,149 $20,509 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$20,376 $21,512 
Operating cash flows from finance leases1,289 1,371 
Financing cash flows from finance leases3,054 3,682 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$33,726 $14,514 
Finance leases1,705 2,746 
Supplemental balance sheet information related to leases was as follows:
December 31,
2024		December 31,
2023
Operating Leases
Operating lease right-of-use assets$64,213 $59,074 
Accounts payable, accrued and other liabilities$17,015 $14,056 
Operating lease liabilities49,716 45,267 
Total operating lease liabilities$66,731 $59,323 
Finance Leases
Property, plant and equipment, gross$50,319 $51,846 
Accumulated depreciation(20,103)(15,369)
Property, plant and equipment, net$30,216 $36,477 
Current maturities of long-term obligations, net of unamortized debt issuance cost$3,563 $3,591 
Long-term obligations, net of unamortized debt issuance cost20,190 22,887 
Total finance lease liabilities$23,753 $26,478 
Weighted Average Remaining Lease Term (in years)
Operating leases4.73.5
Finance leases4.95.3
Weighted Average Discount Rate
Operating leases5.77 %5.52 %
Finance leases5.12 %5.05 %
Maturities of lease liabilities as of December 31, 2024, were as follows:
Operating
Leases		Finance
Leases
Year 1$19,758 $4,637 
Year 216,511 3,500 
Year 312,267 6,683 
Year 47,387 2,057 
Year 55,524 7,230 
Thereafter17,649 3,227 
Total lease payments79,096 27,334 
Less imputed interest(12,365)(3,581)
Total$66,731 $23,753 
As of December 31, 2024, we have additional operating leases that have not yet commenced of $0.9 million and no finance leases that have not yet commenced. These operating leases will commence in 2025 with lease terms of 2 to 4 years.