XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.23.2

LEASES | 6 Months Ended
--- | ---
Jun. 30, 2023
LEASES |
LEASES |
3. | LEASES
The Company leases identified assets consisting primarily of office and warehouse space, warehouse equipment and vehicles. Leases are classified as either finance leases or operating leases based on criteria in ASC 842, “Leases”. The Company’s leases have remaining lease terms of less than one year to 11 years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year. The components of lease cost were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three-Months Ended June 30, | ​ | Six-Months Ended June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost | ​ | $ | 2,616 | ​ | $ | 2,238 | ​ | $ | 5,083 | ​ | $ | 3,932
Short-term lease cost | ​ |  | 1,070 | ​ |  | 939 | ​ |  | 2,049 | ​ |  | 1,869
Variable lease cost | ​ |  | 226 | ​ |  | 195 | ​ |  | 441 | ​ |  | 378
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use assets | ​ |  | 202 | ​ |  | 148 | ​ |  | 325 | ​ |  | 275
Interest on lease liabilities | ​ |  | 44 | ​ |  | 7 | ​ |  | 58 | ​ |  | 10
Finance lease cost | ​ |  | 246 | ​ |  | 155 | ​ |  | 383 | ​ |  | 285
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total lease cost | ​ | $ | 4,158 | ​ | $ | 3,527 | ​ | $ | 7,956 | ​ | $ | 6,464
​ Supplemental cash flow information related to leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six-Months Ended June 30,
​ |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Operating cash outflows from operating leases | ​ | $ | 4,818 | ​ | $ | 3,682
Operating cash outflows from finance leases | ​ | ​ | 58 | ​ | ​ | 10
Financing cash outflows from finance leases | ​ | ​ | 1,683 | ​ | ​ | 1,179
​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets obtained in exchange for lease obligations: | ​ | ​ | ​ | ​ | ​ | ​
Finance leases | ​ | ​ | 5,115 | ​ | ​ | 1,561
Operating leases | ​ | ​ | 1,847 | ​ | ​ | 18,339
​ Supplemental balance sheet information related to leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | June 30, |  | December 31,
​ | ​ | Balance Sheet Location | ​ | 2023 | ​ | 2022
Operating leases: |  |  |  | ​ |  |  | ​ |
Right-of-use assets |  | Other assets | ​ | $ | 37,111 | ​ | $ | 38,012
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current lease liabilities |  | Accrued liabilities | ​ | $ | 7,835 | ​ | $ | 7,747
Noncurrent lease liabilities |  | Other liabilities | ​ |  | 28,829 | ​ |  | 29,586
Total operating lease liabilities |  |  | ​ | $ | 36,664 | ​ | $ | 37,333
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases: |  |  | ​ |  |  | ​ |  |
Right-of-use assets |  | Property and equipment, net | ​ | $ | 5,335 | ​ | $ | 1,598
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current lease liabilities |  | Accrued liabilities | ​ | $ | 4,205 | ​ | $ | 757
Noncurrent lease liabilities |  | Other liabilities | ​ |  | 29 | ​ |  | 41
Total finance lease liabilities |  |  | ​ | $ | 4,234 | ​ | $ | 798
​ Weighted-average remaining lease term and weighted-average discount rate for the Company’s leases were as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2023 | ​ | December 31, 2022 | ​
Weighted-average remaining lease term in years: | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 6.5 |  | 6.7 | ​
Finance leases | ​ | 0.8 | ​ | 0.8 | ​
​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate: | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 3.6 | % | 3.4 | %
Finance leases | ​ | 5.9 | % | 3.6 | %
​ The following table outlines maturities of the Company’s lease liabilities as of June 30, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Operating Leases |  | Finance Leases
2023 (from July 1, 2023 to December 31, 2023) | ​ | $ | 4,592 | ​ | $ | 2,711
2024 | ​ |  | 8,089 | ​ |  | 1,620
2025 | ​ |  | 5,962 | ​ |  | 17
2026 | ​ |  | 4,780 | ​ |  | 2
2027 | ​ | ​ | 4,650 | ​ | ​ | —
2028 and thereafter | ​ |  | 13,183 | ​ |  | —
Total lease payments | ​ |  | 41,256 | ​ |  | 4,350
Less imputed interest | ​ |  | (4,592) | ​ |  | (116)
Total | ​ | $ | 36,664 | ​ | $ | 4,234
​ As of June 30, 2023, the Company did not have any significant additional leases that had not yet commenced.

X
- Definition The entire disclosure of information about leases. + References No definition available. + Details
Name: | mnst_LeaseDisclosureTextBlock
Namespace Prefix: | mnst_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration