XML 66 R50.htm IDEA: XBRL DOCUMENT

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Costs

Lease costs consist of the following:


		Year Ended December 31,
		2024				2023				2022
		(in thousands)
Finance lease expense
Amortization		$	1,392			$	1,377			$	1,374
Interest expense			867				939				986
Operating lease expense			31,641				30,311				28,802
Short term lease expense			1,276				1,978				2,072
		$	35,176			$	34,605			$	33,234

Schedule of Impact of Leasing on Consolidated Balance Sheets

The impact of leasing on the Consolidated Balance Sheets consists of the following:


		Classification on the		Year Ended December 31,
		Consolidated Balance Sheets		2024				2023
				(in thousands)
Assets
Finance lease assets		Property, plant and equipment, net		$	20,262			$	21,543
Operating lease assets		Operating lease right of use asset, net			172,206				168,513
Total lease assets				$	192,468			$	190,056
Current liabilities
Finance lease liabilities		Current portion of long-term debt		$	835			$	837
Operating lease liabilities		Operating lease liabilities			17,663				17,040
Non-current liabilities
Finance lease liabilities		Long-term debt			17,540				19,423
Operating lease liabilities		Long-term operating lease liabilities			164,224				159,482
Total lease liabilities				$	200,262			$	196,782

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases consisted of the following:


		Year Ended December 31,
		2024				2023
		(in thousands)
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases		$	29,863			$	26,874
Operating cash flows from finance leases			867				939
Financing cash flows from finance leases			830				807
Right of use assets obtained in exchange for lease liabilities:
Operating lease right of use asset			25,495				4,530

Schedule of Future Minimum Operating Lease Payments

Future minimum operating lease payments consist of the following for the twelve months ending December 31:


		Operating Leases
		(in thousands)
2025		$	28,376
2026			23,939
2027			22,403
2028			21,937
2029			19,361
Thereafter			170,073
Total future minimum payments			286,089
Less imputed interest			104,202
Present value of minimum payments		$	181,887

Schedule of Weighted Average Remaining Lease Term and Borrowing Rate

Weighted average remaining lease term and borrowing rate consisted of the following:


		December 31, 2024								December 31, 2023
		Operating Leases				Finance Leases				Operating Leases				Finance Leases
Weighted average remaining lease term (in years)			16.0				19.5				16.4				20.3
Weighted average borrowing rate			6.2	%			4.7	%			5.8	%			4.7	%