Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Balance Sheet Information

The following table provides a summary of leases included on the condensed consolidated balance sheets as of September 30, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the nine months ended September 30, 2022 and 2021, respectively:

	Condensed Consolidated Balance Sheets Line Item	September 30,				December 31,
(in thousands)		2022		2021		2021
Operating leases
Assets
Operating leases	Operating lease right-of-use assets	$	48,196	$	41,513	$	45,438
Liabilities
Operating - current	Accrued expenses and other current liabilities	$	10,163	$	8,849	$	8,769
Operating - noncurrent	Operating lease liabilities	38,650		33,063		37,091
Total operating lease liabilities		$	48,813	$	41,912	$	45,860
Finance leases
Assets
Property and equipment, gross	Property, plant and equipment, net	$	3,569	$	3,569	$	3,569
Accumulated amortization	Property, plant and equipment, net	(3,569)		(3,340)		(3,416)
Property and equipment, net	Property, plant and equipment, net	$	—	$	229	$	153

Lease, Cost

The components of lease expense were as follows:

	Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)		2022		2021		2022		2021
Operating lease cost	General administrative expenses and      cost of sales	$	3,436	$	2,958	$	9,851	$	8,570
Finance lease cost:
Amortization of right-of-use         assets	General administrative expenses	$	—	$	2	$	—	$	215
Interest on lease liabilities	Interest expense, net	—		—		—		2
Total finance lease		$	—	$	2	$	—	$	217

Other Information

Supplemental cash flow information related to leases is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,435	$	2,919	$	9,662	$	8,417
Finance cash flows for finance leases	—		2		—		291
Operating right-of-use assets obtained in exchange for lease      obligations during the current period	3,159		926		8,728		5,624

The following table summarizes the Company's lease terms and discount rates as of September 30, 2022 and 2021:

Weighted-average remaining lease terms (in years):	2022		2021
Operating leases	6.12		6.77
Weighted-average discount rate:
Operating leases	4.79	%	5.26	%

Operating Lease, Liability, Maturity

The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022:

(in thousands)	Operating Leases
Remaining three months of 2022	$	3,391
2023	12,218
2024	10,161
2025	8,287
2026	6,405
Thereafter	18,070
Total lease payments	58,532
Less: Present value discount	(9,719)
Total lease liabilities	$	48,813

Finance Lease, Liability, Maturity

The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022:

(in thousands)	Operating Leases
Remaining three months of 2022	$	3,391
2023	12,218
2024	10,161
2025	8,287
2026	6,405
Thereafter	18,070
Total lease payments	58,532
Less: Present value discount	(9,719)
Total lease liabilities	$	48,813