XML 54 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease Assets and Liabilities The following table presents the lease balances within the Consolidated Balance Sheet as of December 31, 2022 and 2021:
(in thousands)Classification on the Balance SheetDecember 31, 2022December 31, 2021
Assets
Operating lease assetsOperating lease right-of-use assets$38,725 $44,228 
Finance lease assetsProperty, plant and equipment, net9,898 5,181 
Liabilities
Current
Operating lease liabilitiesCurrent maturities of operating leases11,628 11,624 
Accrued expensesCurrent maturities of finance leases2,809 2,257 
Long-term
Operating lease liabilitiesOperating lease liabilities27,963 33,097 
Other long-term liabilitiesFinance lease liabilities$7,089 $2,924 
Weighted average remaining lease term
Operating leases6.0 years7.2 years
Finance leases6.5 years2.4 years
Weighted average discount rate
Operating leases4.4 %4.6 %
Finance leases3.8 %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 Consolidated Balance Sheet as of December 31, 2022:
(in thousands)OperatingFinance
2023$11,999 $2,919 
20247,900 2,401 
20255,136 1,729 
20263,984 1,059 
20273,855 240 
Thereafter11,908 1,926 
Total undiscounted future minimum lease payments44,782 10,274 
Less: Difference between lease payments and discounted lease liabilities5,191 376 
Total lease liabilities$39,591 $9,898 
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 Consolidated Balance Sheet as of December 31, 2022:
(in thousands)OperatingFinance
2023$11,999 $2,919 
20247,900 2,401 
20255,136 1,729 
20263,984 1,059 
20273,855 240 
Thereafter11,908 1,926 
Total undiscounted future minimum lease payments44,782 10,274 
Less: Difference between lease payments and discounted lease liabilities5,191 376 
Total lease liabilities$39,591 $9,898 
Lease Cash Flow Information
Supplemental cash flow information is as follows:
(in thousands)For the years ended December 31,
20222021
Operating cash out flows from operating leases$16,271 $16,625 
Operating cash out flows from finance leases162 120 
Financing cash out flows from finance leases1,332 2,009 
Total$17,765 $18,754