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Note 11. Leases (Notes) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lessee, Operating Leases | 11. Leases Our lease arrangements include our corporate and administrative offices, warehouses, land for our manufacturing facilities, and certain of our manufacturing equipment. Such leases primarily relate to assets located in the United States, Malaysia, India, and Vietnam. The following table presents certain quantitative information related to our lease arrangements for the years ended December 31, 2024, 2023, and 2022 and as of December 31, 2024 and 2023 (in thousands):
|  | 2024 |  | 2023 |  | 2022
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 924 |  | $ | 14 |  | $ | —
Interest on lease liabilities |  | 1,451 |  | 51 |  | —
Operating lease cost |  | 14,403 |  | 12,090 |  | 14,634
Variable lease cost |  | 2,902 |  | 3,421 |  | 2,517
Short-term lease cost |  | 954 |  | 472 |  | 339
Total lease cost |  | $ | 20,634 |  | $ | 16,048 |  | $ | 17,490
Cash paid for amounts included in the measurement of: |  |  |  |  |  |
Operating lease liabilities |  | $ | 13,774 |  | $ | 11,815 |  | $ | 15,359
Finance lease liabilities |  | 677 |  | — |  | —
Lease assets obtained in exchange for: |  |  |  |  |  |
Operating lease liabilities |  | $ | 41,772 |  | $ | 7,163 |  | $ | 4,394
Finance lease liabilities |  | 13,406 |  | 17,063 |  | —
|  | December 31, 2024 |  | December 31, 2023
|  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Lease assets |  | $ | 114,283 |  | $ | 29,262 |  | $ | 84,419 |  | $ | 17,049
Lease liabilities – current |  | 11,799 |  | 1,482 |  | 10,307 |  | 51
Lease liabilities – noncurrent |  | 66,211 |  | 29,532 |  | 36,662 |  | 17,063
Weighted-average remaining lease term |  | 9 years |  | 28 years |  | 5 years |  | 40 years
Weighted-average discount rate |  | 5.5 | % |  | 6.6 | % |  | 5.2 | % |  | 5.4 | %
As of December 31, 2024, the future payments associated with our lease liabilities were as follows (in thousands):
|  | Operating Leases |  | Finance Leases
2025 |  | $ | 15,322 |  |  | $ | 1,919 |
2026 |  | 13,789 |  |  | 2,788 |
2027 |  | 11,292 |  |  | 2,832 |
2028 |  | 11,035 |  |  | 2,885 |
2029 |  | 9,377 |  |  | 2,963 |
Thereafter |  | 41,543 |  |  | 55,265 |
Total future payments |  | 102,358 |  |  | 68,652 |
Less: interest |  | (24,348) |  |  | (37,638) |
Total lease liabilities |  | $ | 78,010 |  |  | $ | 31,014 |
Lessee, Finance Leases | 11. Leases Our lease arrangements include our corporate and administrative offices, warehouses, land for our manufacturing facilities, and certain of our manufacturing equipment. Such leases primarily relate to assets located in the United States, Malaysia, India, and Vietnam. The following table presents certain quantitative information related to our lease arrangements for the years ended December 31, 2024, 2023, and 2022 and as of December 31, 2024 and 2023 (in thousands):
|  | 2024 |  | 2023 |  | 2022
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 924 |  | $ | 14 |  | $ | —
Interest on lease liabilities |  | 1,451 |  | 51 |  | —
Operating lease cost |  | 14,403 |  | 12,090 |  | 14,634
Variable lease cost |  | 2,902 |  | 3,421 |  | 2,517
Short-term lease cost |  | 954 |  | 472 |  | 339
Total lease cost |  | $ | 20,634 |  | $ | 16,048 |  | $ | 17,490
Cash paid for amounts included in the measurement of: |  |  |  |  |  |
Operating lease liabilities |  | $ | 13,774 |  | $ | 11,815 |  | $ | 15,359
Finance lease liabilities |  | 677 |  | — |  | —
Lease assets obtained in exchange for: |  |  |  |  |  |
Operating lease liabilities |  | $ | 41,772 |  | $ | 7,163 |  | $ | 4,394
Finance lease liabilities |  | 13,406 |  | 17,063 |  | —
|  | December 31, 2024 |  | December 31, 2023
|  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Lease assets |  | $ | 114,283 |  | $ | 29,262 |  | $ | 84,419 |  | $ | 17,049
Lease liabilities – current |  | 11,799 |  | 1,482 |  | 10,307 |  | 51
Lease liabilities – noncurrent |  | 66,211 |  | 29,532 |  | 36,662 |  | 17,063
Weighted-average remaining lease term |  | 9 years |  | 28 years |  | 5 years |  | 40 years
Weighted-average discount rate |  | 5.5 | % |  | 6.6 | % |  | 5.2 | % |  | 5.4 | %
As of December 31, 2024, the future payments associated with our lease liabilities were as follows (in thousands):
|  | Operating Leases |  | Finance Leases
2025 |  | $ | 15,322 |  |  | $ | 1,919 |
2026 |  | 13,789 |  |  | 2,788 |
2027 |  | 11,292 |  |  | 2,832 |
2028 |  | 11,035 |  |  | 2,885 |
2029 |  | 9,377 |  |  | 2,963 |
Thereafter |  | 41,543 |  |  | 55,265 |
Total future payments |  | 102,358 |  |  | 68,652 |
Less: interest |  | (24,348) |  |  | (37,638) |
Total lease liabilities |  | $ | 78,010 |  |  | $ | 31,014 |

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