Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease Assets and Liabilities

The following table presents the lease balances within the Condensed Consolidated Balance Sheet as of June 30, 2022 and December 31, 2021:

(in thousands)	Classification on the Balance Sheet	June 30, 2022			December 31, 2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	42,412		$	44,228
Finance lease assets	Property, plant and equipment, net	7,213			5,181
Liabilities
Current
Operating lease liabilities	Current maturities of operating leases	12,122			11,624
Accrued expenses	Current maturities of finance leases	2,625			2,257
Long-term
Operating lease liabilities	Operating lease liabilities	30,876			33,097
Other long-term liabilities	Finance lease liabilities	$	4,588		$	2,924
Weighted average remaining lease term
Operating leases		6.4 years			7.2 years
Finance leases		3.2 years			2.4 years
Weighted average discount rate
Operating leases		3.7		%	4.6		%
Finance leases		7.0		%	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 June 30, 2022:

(in thousands)	Operating		Finance
July 1, 2022 through December 31, 2022	$	6,322	$	1,528
2023	10,399		2,430
2024	7,025		1,829
2025	4,541		1,291
2026	3,654		636
Thereafter	15,493		2
Total undiscounted future minimum lease payments	47,434		7,716
Less: Difference between lease payments and discounted lease liabilities	4,436		503
Total lease liabilities	$	42,998	$	7,213

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 June 30, 2022:

(in thousands)	Operating		Finance
July 1, 2022 through December 31, 2022	$	6,322	$	1,528
2023	10,399		2,430
2024	7,025		1,829
2025	4,541		1,291
2026	3,654		636
Thereafter	15,493		2
Total undiscounted future minimum lease payments	47,434		7,716
Less: Difference between lease payments and discounted lease liabilities	4,436		503
Total lease liabilities	$	42,998	$	7,213

Lease Cash Flow Information

Supplemental cash flow information is as follows:

(in thousands)	For the six months ended June 30,
	2022		2021
Operating cash out flows from operating leases	$	8,327	$	6,484
Operating cash out flows from finance leases	52		45
Financing cash out flows from finance leases	724		769
Total	$	9,103	$	7,298