Leases (Tables)

9 Months Ended

Sep. 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 September 30, 2021		Nine months ended September 30, 2021
Lease Cost
Operating lease cost	$	3,949	$	11,519
Short-term lease cost		2,144		4,697
Variable lease cost		220		725
Total lease cost	$	6,313	$	16,941
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	3,837	$	10,814
Right-of-use assets obtained in exchange for operating lease liabilities		4,659		18,289

Schedule of Maturities of Lease Liabilities

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

(In thousands)
Undiscounted Cash Flows:
2021 (excluding the nine months ended September 30, 2021)	$	3,964
2022		14,530
2023		12,027
2024		7,806
2025		5,938
Subsequent to 2025		40,753
Total Undiscounted Cash Flows	$	85,018
Less: Imputed interest		(12,888	)
Present value	$	72,130
Current operating lease liabilities (1)		13,225
Non-current operating lease liabilities		58,905
Total lease liabilities	$	72,130

(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	2.9 %