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LEASES | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
LEASES | LEASES We lease certain warehouse, plant and office facilities, as well as certain equipment, under non-cancelable operating and finance leases expiring at various dates through the year 2042. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term. Amortization expense related to finance leases is included in depreciation expense, while rent expense related to operating leases is included within cost of sales and selling, research & development and administrative expenses. The components of lease expense for the three and nine months ended September 30, 2024 and 2023 were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | $ | 4,795 |  |  | $ | 5,150 |  |  | $ | 14,530 |  |  | $ | 15,841 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 1,715 |  |  | $ | 908 |  |  | $ | 4,976 |  |  | $ | 2,686 |
Interest on lease liabilities | 299 |  |  | 289 |  |  | 897 |  |  | 883 |
Total finance lease cost | $ | 2,014 |  |  | $ | 1,197 |  |  | $ | 5,873 |  |  | $ | 3,569 |
Short-term lease and variable lease costs | $ | 5,255 |  |  | $ | 5,774 |  |  | $ | 15,451 |  |  | $ | 15,883 |
Supplemental cash flow information related to leases were as follows:
Nine Months Ended September 30, | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 14,845 |  |  | $ | 15,993 |
Operating cash flows from finance leases | 976 |  |  | 883 |
Financing cash flows from finance leases | 2,305 |  |  | 2,377 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 31,819 |  |  | $ | 7,764 |
Finance leases | 1,347 |  |  | 401 |
LEASES | LEASES We lease certain warehouse, plant and office facilities, as well as certain equipment, under non-cancelable operating and finance leases expiring at various dates through the year 2042. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term. Amortization expense related to finance leases is included in depreciation expense, while rent expense related to operating leases is included within cost of sales and selling, research & development and administrative expenses. The components of lease expense for the three and nine months ended September 30, 2024 and 2023 were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | $ | 4,795 |  |  | $ | 5,150 |  |  | $ | 14,530 |  |  | $ | 15,841 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 1,715 |  |  | $ | 908 |  |  | $ | 4,976 |  |  | $ | 2,686 |
Interest on lease liabilities | 299 |  |  | 289 |  |  | 897 |  |  | 883 |
Total finance lease cost | $ | 2,014 |  |  | $ | 1,197 |  |  | $ | 5,873 |  |  | $ | 3,569 |
Short-term lease and variable lease costs | $ | 5,255 |  |  | $ | 5,774 |  |  | $ | 15,451 |  |  | $ | 15,883 |
Supplemental cash flow information related to leases were as follows:
Nine Months Ended September 30, | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 14,845 |  |  | $ | 15,993 |
Operating cash flows from finance leases | 976 |  |  | 883 |
Financing cash flows from finance leases | 2,305 |  |  | 2,377 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 31,819 |  |  | $ | 7,764 |
Finance leases | 1,347 |  |  | 401 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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 + Details
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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 + Details
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