Leases (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021		Six months ended June 30, 2021
Lease Cost
Operating lease cost	$	3,844	$	7,570
Short-term lease cost		1,284		2,553
Variable lease cost		222		505
Total lease cost	$	5,350	$	10,628
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	3,688	$	6,977
Right-of-use assets obtained in exchange for operating lease liabilities		1,003		13,630

Schedule of Maturities of Lease Liabilities

The following table outlines maturities of lease liabilities as of June 30, 2021:

(In thousands)
Undiscounted Cash Flows:
2021 (excluding the six months ended June 30, 2021)	$	7,432
2022		13,516
2023		11,119
2024		7,032
2025		5,336
Subsequent to 2025		39,610
Total Undiscounted Cash Flows	$	84,045
Less: Imputed interest		(13,301	)
Present value	$	70,744
Current operating lease liabilities (1)		12,564
Non-current operating lease liabilities		58,180
Total lease liabilities	$	70,744

(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	10 Years
Weighted-average discount rate-operating leases	3.0%