XML 54 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021

 

 

Year ended

December 31, 2020

 

Lease Cost

 

 

 

 

 

 

 

Operating lease cost

$

15,630

 

 

$

11,821

 

Short-term lease cost

 

6,570

 

 

 

4,922

 

Variable lease cost

 

892

 

 

 

1,135

 

Total lease cost

$

23,092

 

 

$

17,878

 

Other Information

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Operating cash flow from operating leases

$

14,885

 

 

$

11,843

 

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

 

19,610

 

 

 

27,766

 

 

Schedule of Maturities of Lease Liabilities

 

 

 

 

 

(In thousands)

 

 

 

 

Undiscounted Cash Flows:

 

 

 

 

2022

 

$

15,573

 

2023

 

 

12,679

 

2024

 

 

8,055

 

2025

 

 

5,946

 

2026

 

 

4,329

 

Subsequent to 2026

 

 

36,439

 

Total Undiscounted Cash Flows

 

$

83,021

 

Less: Imputed interest

 

 

(12,447

)

Present value

 

$

70,574

 

Current operating lease liabilities (1)

 

 

13,906

 

Non-current operating lease liabilities

 

 

56,668

 

Total lease liabilities

 

$

70,574

 

 

(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

 

10 Years

Weighted-average discount rate-operating leases

 

2.9 %