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v3.23.1

LEASES | 3 Months Ended
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Mar. 31, 2023
LEASES |
LEASES | ​ ​ NOTE 9 — 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 |  | March 31, 2023 |  | December 31, 2022
Right-of-use assets |  | Other assets | ​ | $ | 46,549 | ​ | $ | 44,810
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities |  | Other current liabilities | ​ | $ | 11,167 | ​ | $ | 10,378
Noncurrent liabilities |  | Other liabilities | ​ |  | 36,615 | ​ |  | 35,945
Total lease liabilities |  |  | ​ | $ | 47,782 | ​ | $ | 46,323
​ 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 $5,851 and $5,198 in the three months ended March 31, 2023 and 2022, respectively. Cash paid for amounts included in the measurement of lease liabilities for the three months ended March 31, 2023 and 2022, respectively, were $3,145 and $3,187 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 $3,896 and $2,737 during the three months ended March 31, 2023 and 2022, respectively. The total future minimum lease payments for noncancelable operating leases were as follows: ​
​ | ​ | ​ | ​
​ |  | March 31, 2023
2023 | ​ | $ | 9,178
2024 | ​ |  | 10,910
2025 | ​ |  | 7,656
2026 | ​ |  | 6,287
2027 | ​ |  | 4,747
After 2027 | ​ |  | 14,510
Total lease payments | ​ | $ | 53,288
Less: Imputed interest | ​ |  | 5,506
Operating lease liabilities | ​ | $ | 47,782
​ As of March 31, 2023, the weighted average remaining lease term is 7.6 years and the weighted average discount rate used to determine the operating lease liability is 3.0%.

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- 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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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