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LEASES

12 Months Ended

Dec. 31, 2025

LEASES

LEASES

NOTE 17 – LEASES

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

​

​	​	​	​	​	​	​	​	​
Operating Leases	​ ​ ​	Balance Sheet Classification	​ ​ ​	December 31, 2025		​ ​ ​	December 31, 2024
Right-of-use assets		Other assets	​	$	52,989	​	$	54,276
​	​	​	​	​	​	​	​	​
Current liabilities		Other current liabilities	​	$	13,460	​	$	13,110
Noncurrent liabilities		Other liabilities	​		40,061	​		42,124
Total lease liabilities		​	​	$	53,521	​	$	55,234

​

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

​

​	​	​	​
​	​ ​ ​	December 31, 2025
2026	​	$	15,232
2027	​		12,229
2028	​		10,273
2029	​		7,456
2030	​		3,802
After 2030	​		10,781
Total lease payments	​	$	59,773
Less: Imputed interest	​		6,252
Operating lease liabilities	​	$	53,521

​

Other information related to leases was as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	2025		​	2024		​	2023		​
Lease expense (1)	​	$	27,674	​	$	24,778	​	$	24,408	​
Cash paid for amounts included in the measurement of lease liabilities (2)	​	​	15,031	​	​	15,874	​	​	13,450	​
Right-of-use assets obtained in exchange for operating lease liabilities	​	​	12,683	​	​	17,591	​	​	9,249	​
​	​	​	​	​	​	​	​	​	​	​
Weighted average discount rate	​	​	3.7	%	​	3.7	%	​	3.5	%
Weighted average remaining lease term	​	​	6.1 years	​	​	6.4 years	​	​	7.0 years	​

​

(1) Amounts are included in Cost of goods sold and Selling, general and administrative expenses in the Company’s Consolidated Statement of Income.

(2) Amounts are included in Net Cash Provided by Operating Activities in the Company’s Consolidated Statement of Cash Flows.

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- References

No definition available.

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

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