XML 59 R49.htm IDEA: XBRL DOCUMENT v3.23.2
Leases (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
May 31, 2023
USD ($)
ft²
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Quantitative Lease Disclosures [Abstract]            
Renewal option period   5 years   5 years    
Assets [Abstract]            
Operating lease right-of-use assets $ 26,100 $ 73,093   $ 73,093   $ 49,838
Liabilities [Abstract]            
Sundry payables and accrued expenses   11,883   11,883   10,763
Noncurrent operating lease liabilities   64,271   64,271   40,709
Total operating lease liabilities   $ 76,154   $ 76,154   $ 51,472
Operating Leases [Abstract]            
Weighted average remaining lease term   8 years 3 months 18 days   8 years 3 months 18 days   7 years
Weighted average discount rate   4.40%   4.40%   3.70%
Lease Expense [Abstract]            
Operating lease expense [1]   $ 3,776 $ 2,711 $ 6,885 $ 5,541  
Excluded expenses of non lease   400 $ 700 1,100 1,100  
Cash paid for the amounts included in the measurement of lease liabilities [Abstract]            
Operating cash flows from operating leases       5,476 5,397  
Right-of-use assets obtained in exchange for new lease obligations [Abstract]            
Operating leases [2]       30,830 $ 4,458  
Right-of-use assets related to lease modifications and extension       27,800    
Minimum Lease Payments [Abstract]            
2023   5,861   5,861    
2024   12,899   12,899    
2025   11,194   11,194    
2026   9,892   9,892    
2027   8,867   8,867    
Thereafter   44,929   44,929    
Total lease payments   93,642   93,642    
Less: Interest   (17,488)   (17,488)    
Total operating lease liabilities   76,154   76,154   $ 51,472
Area of building leased under operating lease | ft² 574,932          
Base rent $ 3,000          
Percentage of annual increase in base rent 3.00%          
Operating lease cost taxes and maintenance $ 500          
Operating lease right-of-use assets $ 26,100 $ 73,093   $ 73,093   $ 49,838
Maximum [Member]            
Quantitative Lease Disclosures [Abstract]            
Remaining operating lease terms   11 years   11 years    
[1] Excludes expenses of approximately $0.4 million and $1.1 million for the three and six months ended June 30, 2023, respectively, and approximately $0.7 million and $1.1 million for the comparable periods in 2022, respectively, related to non-lease components such as maintenance, property taxes, etc., and operating lease expense for leases with an initial term of 12 months or less, which is not material.
[2] Includes $27.8 million of right-of-use assets related to the lease modification and extension for our distribution center and office in Lewisville, Texas during the six months ended June 30, 2023.