Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Lease Assets and Liabilities

The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of March 31, 2022 and December 31, 2021:

(in thousands)	Classification on the Balance Sheet	March 31, 2022			December 31, 2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	42,768		$	44,228
Finance lease assets	Property, plant and equipment, net	6,316			5,181
Liabilities
Current
Operating lease liabilities	Current maturities of operating leases	11,690			11,624
Accrued expenses	Current maturities of finance leases	2,451			2,257
Long-term
Operating lease liabilities	Operating lease liabilities	31,596			33,097
Other long-term liabilities	Finance lease liabilities	$	3,865		$	2,924
Weighted average remaining lease term
Operating leases		7.1 years			7.2 years
Finance leases		2.9 years			2.4 years
Weighted average discount rate
Operating leases		4.5		%	4.6		%
Finance leases		5.8		%	4.8		%

Lease Liability Maturity

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Condensed Consolidated Balance Sheet as of March 31, 2022:

(in thousands)	Operating		Finance
April 1, 2022 through December 31, 2022	$	10,435	$	1,930
2023	10,115		2,050
2024	8,220		1,454
2025	5,847		919
2026	5,397		329
Thereafter	24,621		—
Total undiscounted future minimum lease payments	64,635		6,682
Less: Difference between lease payments and discounted lease liabilities	10,429		366
Total lease liabilities	$	54,206	$	6,316

Lease Liability Maturity

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on our Condensed Consolidated Balance Sheet as of March 31, 2022:

(in thousands)	Operating		Finance
April 1, 2022 through December 31, 2022	$	10,435	$	1,930
2023	10,115		2,050
2024	8,220		1,454
2025	5,847		919
2026	5,397		329
Thereafter	24,621		—
Total undiscounted future minimum lease payments	64,635		6,682
Less: Difference between lease payments and discounted lease liabilities	10,429		366
Total lease liabilities	$	54,206	$	6,316

Lease Cash Flow Information

Supplemental cash flow information is as follows:

(in thousands)	For the three months ended March 31,
	2022		2021
Operating cash out flows from operating leases	$	4,288	$	4,245
Operating cash out flows from finance leases	33		33
Financing cash out flows from finance leases	498		525
Total	$	4,819	$	4,803