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Leases and Other Commitments | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases and Other Commitments | Leases and Other Commitments Leases The Company has commitments under operating leases for certain facilities, vehicles and equipment used in its operations. Our leases have initial lease terms ranging from 1 month to 15 years. The components of lease expense were as follows:
| 2022 |  | 2021 |  | 2020
| (In thousands)
Operating lease cost | $ | 59,296 |  |  | $ | 61,680 |  |  | $ | 44,498 |
Variable lease cost | 11,096 |  |  | 7,724 |  |  | 4,526 |
Total lease cost | $ | 70,392 |  |  | $ | 69,404 |  |  | $ | 49,024 |
Supplemental balance sheet information related to leases was as follows:
| December 31,
| 2022 |  | 2021
| (In thousands)
Right of use assets, net | $ | 170,295 |  |  | $ | 169,924 |
Lease liabilities included in Accrued liabilities and other | 46,366 |  |  | 47,353 |
Lease liabilities included in Other long-term liabilities | 129,227 |  |  | 129,101 |
Total lease liabilities | $ | 175,593 |  |  | $ | 176,454 |
Supplemental cash flow information and other information related to leases was as follows for the year ended December 31:
| 2022 |  | 2021
| (In thousands)
Cash used in operations for operating leases | $ | 54,724 |  |  | $ | 55,657 |
Right-of-use assets obtained in exchange for new operating liabilities | $ | 59,802 |  |  | $ | 64,653 |
Weighted-average remaining lease terms – operating leases (years) | 5.07 |  | 5.36
Weighted-average discount rate – operating leases | 3.32 | % |  | 2.91 | %
Maturities of lease liabilities as of December 31, 2022 were as follows:
Lease Liability Maturity Analysis | Operating Leases
| (In thousands)
2023 | $ | 51,740 |
2024 | 41,047 |
2025 | 31,338 |
2026 | 23,770 |
2027 | 15,467 |
Thereafter | 29,523 |
Total lease payments | 192,885 |
Less: imputed interest | 17,292 |
| $ | 175,593 |
The Company does not have any significant leases that have not yet commenced. Other Commitments As of December 31, 2022, and 2021, the Company had $1,119.7 million and $890.9 million, respectively, in purchase obligations outstanding, which primarily consisted of contractual commitments to purchase certain inventories at fixed prices. The Company does not provide significant guarantees on a routine basis. The Company primarily issues guarantees, stand-by letters of credit and surety bonds in the ordinary course of its business to provide financial or performance assurance to third parties on behalf of its consolidated subsidiaries to support or enhance the subsidiary’s stand-alone creditworthiness. The amounts subject to certain of these agreements vary depending on the covered contracts outstanding at any particular point in time. At December 31, 2022, the maximum amount of future payment obligations relative to these various guarantees was $128.0 million and the outstanding liability under certain of those guarantees was $12.4 million

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI https://asc.fasb.org/topic&trid=2144648 + Details
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- References No definition available. + Details
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