Leases (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022		Six months ended June 30, 2022
Lease Cost
Operating lease cost	$	3,943	$	8,051
Short-term lease cost		1,362		2,700
Variable lease cost		223		425
Total lease cost	$	5,528	$	11,176
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	3,930	$	8,005
Right-of-use assets obtained in exchange for new operating lease liabilities		743		3,562

Schedule of Maturities of Lease Liabilities

The following table outlines the maturities of lease liabilities as of June 30, 2022.

(In thousands)
Undiscounted Cash Flows:
2022 (excluding the six months ended June 30, 2022)	$	7,806
2023		13,402
2024		8,663
2025		6,295
2026		4,686
Subsequent to 2026		37,414
Total Undiscounted Cash Flows	$	78,266
Less: Imputed interest		(11,719	)
Present value	$	66,547
Current operating lease liabilities (1)		13,429
Non-current operating lease liabilities		53,118
Total lease liabilities	$	66,547

(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	%