Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lease, Cost

The following table provides details of our lease contracts for the three-month and six-month periods ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Operating lease cost	$	14,311	$	10,590	$	26,062	$	21,201
Finance lease cost:
Amortization of right of use assets	1,935		972		2,780		1,402
Interest on lease liabilities	1,635		840		2,694		1,693
Total finance lease cost	3,570		1,812		5,474		3,095
Short-term lease cost	4,860		3,271		9,920		5,970
Variable lease cost	4,766		1,914		8,275		2,631
Total lease cost	$	27,507	$	17,587	$	49,731	$	32,897

Supplemental cash flow information related to our lease contracts for the six-month periods ended June 30, 2023 and 2022 is as follows (in thousands):

	Six Months Ended June 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	24,816	$	17,539
Operating cash flows from finance leases	2,400		1,185
Financing cash flows from finance leases	1,081		661
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	30,581		1,560
Finance leases	46,773		—

Supplemental Balance Sheet Information related to Leases

Supplemental balance sheet information related to our lease contracts, including the location on balance sheet, at June 30, 2023 and December 31, 2022 is as follows (in thousands, except as noted):

	June 30, 2023			December 31, 2022
Operating leases:
Other assets	$	138,278		$	128,173
Accrued expenses	36,750			35,515
Other noncurrent liabilities	111,652			99,269
Total operating lease liabilities	148,402			134,784
Finance leases:
Net property, plant and equipment	125,304			81,356
Current portion of long-term debt(a)	9,370			4,995
Long-term debt	115,806			74,409
Total finance lease liabilities	125,176			79,404
Weighted average remaining lease term (in years):
Operating leases	11.8			13.3
Finance leases	21.5			22.8
Weighted average discount rate (%):
Operating leases	4.32		%	3.60		%
Finance leases	4.65		%	4.41		%

(a)    Balance includes accrued interest of finance lease recorded in Accrued liabilities.

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities at June 30, 2023 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2023	$	23,714	$	6,625
2024	32,442		12,998
2025	20,563		9,872
2026	16,535		9,215
2027	14,385		9,215
Thereafter	114,078		148,691
Total lease payments	221,717		196,616
Less imputed interest	73,315		71,440
Total	$	148,402	$	125,176

Finance Lease, Liability, Maturity

Maturities of lease liabilities at June 30, 2023 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2023	$	23,714	$	6,625
2024	32,442		12,998
2025	20,563		9,872
2026	16,535		9,215
2027	14,385		9,215
Thereafter	114,078		148,691
Total lease payments	221,717		196,616
Less imputed interest	73,315		71,440
Total	$	148,402	$	125,176