XML 29 R19.htm IDEA: XBRL DOCUMENT v3.22.2

LEASES

6 Months Ended

Jun. 30, 2022

LEASES

LEASES

NOTE 10 — LEASES

The table below summarizes the right-of-use assets and lease liabilities in the Company’s Condensed Consolidated Balance sheets:

​

​	​	​	​	​	​	​	​	​
Operating Leases		Balance Sheet Classification		June 30, 2022			December 31, 2021
Right-of-use assets		Other assets	​	$	43,812	​	$	47,966
​	​	​	​	​	​	​	​	​
Current liabilities		Other current liabilities	​	$	9,571	​	$	10,218
Noncurrent liabilities		Other liabilities	​		35,610	​		38,960
Total lease liabilities			​	$	45,181	​	$	49,178

​

Total lease expense, which is included in Cost of goods sold and Selling, general & administrative expenses in the Company’s Consolidated Statements of Income, was $5,862 and $11,061 in the three and six months ended June 30, 2022 and $5,608 and $10,660 in the three and six months ended June 30, 2021, respectively. Cash paid for amounts included in the measurement of lease liabilities for the three and six months ended June 30, 2022, respectively, were $2,984 and $6,171 and are included in Net cash provided by operating activities in the Company’s Consolidated Statements of Cash Flows. Cash paid for amounts included in the measurement of lease liabilities for the three and six months ended June 30, 2021, respectively, were $3,263 and $6,652 and are included in Net cash provided by operating activities in the Company’s Consolidated Statements of Cash Flows. Right-of-use assets obtained in exchange for operating lease liabilities were $742 and $3,479 during the three and six months ended June 30, 2022 and $9,694 for the three and six months ended June 30, 2021, respectively.

The total future minimum lease payments for noncancelable operating leases were as follows:

​

​	​	​	​
​		June 30, 2022
2022	​	$	5,463
2023	​		10,378
2024	​		8,903
2025	​		5,852
2026	​		4,480
After 2026	​		15,926
Total lease payments	​	$	51,002
Less: Imputed interest	​		5,821
Operating lease liabilities	​	$	45,181

​

As of June 30, 2022, the weighted average remaining lease term is 8.2 years and the weighted average discount rate used to determine the operating lease liability is 3.02%.

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

+ Details

Name:	us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration