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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease Cost Included in Cost of Sale and Operating Expenses Lease cost is recognized in both the Cost of Sales and Operating Expenses sections of the Consolidated Statements of Income.

(In thousands)

 

Year ended December 31, 2024

 

 

Year ended December 31, 2023

 

 

 

 

 

 

 

 

Lease Cost

 

 

 

 

 

 

Operating lease cost

 

$

18,424

 

 

$

17,820

 

Short-term lease cost

 

 

11,592

 

 

 

10,786

 

Variable lease cost

 

 

1,681

 

 

 

2,354

 

Total lease cost

 

$

31,697

 

 

$

30,960

 

Other Information

 

 

 

 

 

 

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

 

 

 

 

 

 

Operating cash flow from operating
   leases

 

$

18,453

 

 

$

17,838

 

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

 

 

4,715

 

 

 

12,134

 

Schedule of Maturities of Lease Liabilities The following table outlines maturities of lease liabilities as of December 31, 2024:

 

(In thousands)

 

 

 

Undiscounted Cash Flows:

 

 

 

2025

 

$

17,640

 

2026

 

 

12,432

 

2027

 

 

9,805

 

2028

 

 

7,863

 

2029

 

 

7,185

 

Subsequent to 2029

 

 

29,666

 

Total Undiscounted Cash Flows

 

$

84,591

 

Less: Imputed interest

 

 

(12,025

)

Present value

 

$

72,566

 

Current operating lease liabilities (1)

 

 

15,174

 

Non-current operating lease liabilities

 

 

57,392

 

Total lease liabilities

 

$

72,566

 

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

Weighted-average remaining lease term-operating leases

 

8 Years

Weighted-average discount rate-operating leases

 

3.9 %