XML 40 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1
LEASES
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
LEASES LEASES
The Company leases certain office space, manufacturing facilities, land, apartments, warehouses, vehicles, and equipment with remaining lease terms ranging from less than 1 year to 17 years, some of which include options to extend or terminate the leases.
Operating lease costs for the years ended December 31, 2023, 2022, and 2021 were $30.1 million, $28.8 million, and $29.7 million, respectively. Short-term and variable lease costs were not material for the years ended December 31, 2023, 2022, and 2021.

Supplemental balance sheet information related to operating leases was as follows (in millions, except lease term and discount rate):
As of December 31,
20232022
Operating lease right-of-use assets$94.0 $92.3 
Operating lease liabilities, current portion$24.9 $25.5 
Operating lease liabilities, long-term portion73.0 69.5 
Total operating lease liabilities
$97.9 $95.0 

Maturities of operating lease liabilities at December 31, 2023 were as follows (in millions):
2024$26.8 
202519.6 
202616.3 
202712.9 
20289.5 
Thereafter20.7 
Total lease payments
105.8 
Less: imputed interest
(7.9)
Total lease liabilities
$97.9 

The following table provides information on the lease terms and discount rates:
Years Ended December 31,
20232022
Weighted-average remaining lease term (in years)5.96.4
Weighted-average discount rate2.3 %1.8 %
As of December 31, 2023, the Company had additional operating lease commitments of $16.0 million for office spaces that have not yet commenced.