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Lease Commitments
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lessee, Finance Leases
As of December 31, 2024, the Company was obligated under operating and finance lease agreements for certain office space and manufacturing facilities, manufacturing equipment, vehicles, information technology equipment and warehouse space. Our leases have remaining lease terms of 1 year to 29 years, some of which may include options to extend the lease for up to 10 years, and some of which may include options to terminate the leases within 1 year.
As of December 31, 2024 and 2023, the Company’s operating and financing lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheets as follows, together with certain supplemental balance sheet information:
(In thousands)
Classification20242023
Assets
Right-of-use assets:
    Operating leaseRight-of-use assets62,548 57,990 
    Finance leaseRight-of-use assets20,927 22,409 
    Total right-of-use assets$83,475 $80,399 
Liabilities
Short-term lease liability:
   Operating leaseOther accrued liabilities13,793 14,475 
   Finance leaseOther accrued liabilities1,898 1,880 
Total short-term lease liability$15,691 $16,355 
Long-term lease liability:
    Operating leasesLong-term lease liability53,758 49,719 
    Finance leasesLong-term lease liability18,401 19,267 
Total long-term lease liability$72,159 $68,986 
Total lease liabilities$87,850 $85,341 
Lease Term and Discount Rate
Weighted average remaining lease term (years) - Operating leases7.86.9
Weighted average remaining lease term (years) - Finance leases13.414.7
Weighted average discount rate - Operating leases4.5 %4.2 %
Weighted average discount rate - Finance leases5.1 %5.0 %

Expense for leases less than 12 months for the year ended December 31, 2024, 2023 and 2022 were not material. The components of lease expense for the year ended December 31, 2024, 2023 and 2022 are as follows:

(In thousands)
202420232022
Operating lease cost$17,936 $18,107 $17,997 
Finance lease cost:
    Amortization of ROU assets2,216 1,841 1,213 
    Interest on lease liabilities1,069 821 401 

The Company combines the amortization of the right-of-use assets and the change in the operating lease liability in the same line item in the Statement of Cash Flows. Other information related to the Company’s operating leases for the year ended December 31, 2024, 2023 and 2022 are as follows:
(In thousands)
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows - Operating leases$18,931 $18,528 $14,916 
    Cash flows - Finance leases2,719 2,164 1,300 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$22,341 $6,155 $16,241 
Finance leases1,544 8,806 7,357 
Future minimum lease payments for noncancellable leases as of December 31, 2024, were as follows:

(In thousands)Operating leasesFinance leases
One year$17,265 $2,747 
Two years13,572 2,728 
Three years9,864 2,630 
Four years8,053 2,639 
Five years6,542 2,629 
Beyond five years21,222 18,283 
Total minimum lease payments$76,518 $31,656 
Less: Interest8,967 11,357 
Present value of lease liabilities$67,551 $20,299