XML 37 R31.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Lease Cost Recognized in both Cost of Sale and Operating Expenses

Lease cost is recognized in both the Cost of Sales and Operating Expenses sections of the Condensed Consolidated Statements of Income.

 

(In thousands)

 

Three Months Ended
March 31,

 

 

 

 

2024

 

 

2023

 

 

Lease Cost

 

 

 

 

 

 

 

Operating lease cost

 

$

4,493

 

 

$

4,349

 

 

Short-term lease cost

 

 

2,687

 

 

 

2,779

 

 

Variable lease cost

 

 

443

 

 

 

557

 

 

Total lease cost

 

$

7,623

 

 

$

7,685

 

 

Other Information

 

 

 

 

 

 

 

Cash paid for amounts included in the
   measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flow from operating leases

 

$

4,488

 

 

$

4,332

 

 

Right-of-use assets obtained in exchange
   for new operating lease liabilities

 

 

989

 

 

 

6,545

 

 

 

Schedule of Maturities of Lease Liabilities

The following table outlines the maturities of lease liabilities as of March 31, 2024.

 

(In thousands)

 

 

 

Undiscounted Cash Flows:

 

 

 

2024 (excluding the three months ended March 31, 2024)

 

$

12,541

 

2025

 

 

12,911

 

2026

 

 

10,104

 

2027

 

 

7,771

 

2028

 

 

6,827

 

Subsequent to 2028

 

 

35,527

 

Total Undiscounted Cash Flows

 

$

85,681

 

Less: Imputed interest

 

 

(13,080

)

Present value

 

$

72,601

 

Current operating lease liabilities (1)

 

 

13,538

 

Non-current operating lease liabilities

 

 

59,063

 

Total lease liabilities

 

$

72,601

 

(1)
This item is included in the Accrued liabilities line on the Company’s Condensed Consolidated Balance Sheet.
Schedule of Operating Leases Weighted Average, Remaining Lease Term and Discount Rate

Weighted-average remaining lease term-operating leases

 

9 Years

 

Weighted-average discount rate-operating leases

 

 

3.9

%