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Leases and Other Commitments
 12 Months Ended
Dec. 31, 2024
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. Cash used in operations for operating leases was not materially different from operating lease expense for the years ended December 31, 2024 and 2023. Our leases have initial lease terms ranging from 1 month to 15 years.
The components of lease expense were as follows:
202420232022
(In thousands)
Operating lease cost$76,315 $63,049 $59,296 
Variable lease cost11,730 11,384 11,096 
Total lease cost$88,045 $74,433 $70,392 

Supplemental balance sheet information related to leases was as follows:
December 31,
20242023
(In thousands)
Right of use assets, net$235,666 $229,723 
Lease liabilities included in Accrued liabilities and other54,736 61,055 
Lease liabilities included in Other long-term liabilities190,017 182,436 
Total lease liabilities$244,753 $243,491 


Supplemental cash flow information and other information related to leases was as follows for the year ended December 31:
20242023
(In thousands)
Right-of-use assets obtained in exchange for new operating liabilities$44,079 $95,052 
Weighted-average remaining lease terms – operating leases (years)6.496.66
Weighted-average discount rate – operating leases4.74 %4.48 %
Maturities of lease liabilities as of December 31, 2024 were as follows:
Lease Liability Maturity AnalysisOperating Leases
(In thousands)
2025$61,789 
202652,241 
202739,654 
202829,419 
202923,576 
Thereafter71,426 
Total lease payments278,105 
Less: imputed interest33,352 
$244,753 
The Company does not have any significant leases that have not yet commenced.
Other Commitments
As of December 31, 2024, and 2023, the Company had $761.9 million and $790.0 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, 2024, the maximum amount of future payment obligations relative to these various guarantees was $261.2 million and the outstanding liability under certain of those guarantees was $173.1 million