Leases	3 Months Ended
Mar. 31, 2023
Leases
Leases	Note 11 — Leases The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 18 years. Operating lease cost totaled $235 and $279 in the first quarter of 2023 and 2022, respectively. Cash paid for operating lease liabilities is substantially the same as operating lease cost and is presented in cash flows from operating activities. As of March 31, 2023 and 2022, operating lease right-of-use assets were $4,631 and $7,220, respectively, and operating lease liabilities were $4,689 and $7,220, respectively. The weighted-average remaining lease term related to these operating leases was 15.8 years and 8.1 years as of March 31, 2023 and 2022, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.4% and 2.0% as of March 31, 2023 and 2022, respectively. Maturities of the Company’s operating lease liabilities at March 31, 2023 are as follows: $540 in 2023 (rest of year), $180 in 2024, $186 in 2025, $160 in 2026, $128 in 2027 and $3,495 thereafter. The Company, as lessor, rents certain commercial real estate to third-party lessees. The March 31, 2023 and 2022 cost related to these leased properties was $51,370 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $17,168 and $16,108, respectively. Terms of such leases, including renewal options, may be extended for up to fifty-seven years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income in first quarter 2023 and 2022 was $1,221 and $1,213, respectively, and is classified in cash flows from operating activities. In addition to the leases discussed above, the Company entered into two new lease agreements in the first quarter of 2023 representing a combined lease obligation of $1,856 as measured at the commencement dates of the respective leases. The leases grant the Company the right to use warehouse space for 3 and 5 years, respectively, each commencing in the second quarter of 2023.

Leases

3 Months Ended

Mar. 31, 2023

Note 11 — Leases

The Company leases certain buildings, land and equipment that are classified as operating leases. These leases have remaining lease terms of up to approximately 18 years. Operating lease cost totaled $235 and $279 in the first quarter of 2023 and 2022, respectively. Cash paid for operating lease liabilities is substantially the same as operating lease cost and is presented in cash flows from operating activities. As of March 31, 2023 and 2022, operating lease right-of-use assets were $4,631 and $7,220, respectively, and operating lease liabilities were $4,689 and $7,220, respectively. The weighted-average remaining lease term related to these operating leases was 15.8 years and 8.1 years as of March 31, 2023 and 2022, respectively. The weighted-average discount rate related to the Company’s operating leases was 3.4% and 2.0% as of March 31, 2023 and 2022, respectively. Maturities of the Company’s operating lease liabilities at March 31, 2023 are as follows: $540 in 2023 (rest of year), $180 in 2024, $186 in 2025, $160 in 2026, $128 in 2027 and $3,495 thereafter.

The Company, as lessor, rents certain commercial real estate to third-party lessees. The March 31, 2023 and 2022 cost related to these leased properties was $51,370 and $51,370, respectively, and the accumulated depreciation related to these leased properties was $17,168 and $16,108, respectively. Terms of such leases, including renewal options, may be extended for up to fifty-seven years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Lease income in first quarter 2023 and 2022 was $1,221 and $1,213, respectively, and is classified in cash flows from operating activities.

In addition to the leases discussed above, the Company entered into two new lease agreements in the first quarter of 2023 representing a combined lease obligation of $1,856 as measured at the commencement dates of the respective leases. The leases grant the Company the right to use warehouse space for 3 and 5 years, respectively, each commencing in the second quarter of 2023.