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v3.22.4

Leases (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Schedule of Components of Lease Expense | The components of lease costs for the twelve months ended December 31, 2022, 2021 and 2020, respectively, are as follows:
December 31, 2022 | Cost of Goods Sold |  | Selling, General and Administrative Expenses |  | Total
Operating lease costs |  |  |  |  |
Fixed | $ | 21,321 |  |  | 110,716 |  |  | 132,037 |
Short-term | 17,005 |  |  | 19,154 |  |  | 36,159 |
Variable | 7,689 |  |  | 35,985 |  |  | 43,674 |
Sub-leases | (691) |  |  | (1,652) |  |  | (2,343) |
| $ | 45,324 |  |  | 164,203 |  |  | 209,527 |
| Depreciation and Amortization |  | Interest |  | Total
Finance lease costs |  |  |  |  |
Amortization of leased assets | $ | 11,108 |  |  | — |  |  | 11,108 |
Interest on lease liabilities | — |  |  | 816 |  |  | 816 |
| $ | 11,108 |  |  | 816 |  |  | 11,924 |
Net lease costs |  |  |  |  | $ | 221,451 |
December 31, 2021 | Cost of Goods Sold |  | Selling, General and Administrative Expenses |  | Total
Operating lease costs |  |  |  |  |
Fixed | $ | 20,130 |  |  | 104,651 |  |  | 124,781 |
Short-term | 13,415 |  |  | 18,434 |  |  | 31,849 |
Variable | 7,949 |  |  | 30,127 |  |  | 38,076 |
Sub-leases | (529) |  |  | (1,113) |  |  | (1,642) |
| $ | 40,965 |  |  | 152,099 |  |  | 193,064 |
| Depreciation and Amortization |  | Interest |  | Total
Finance lease costs |  |  |  |  |
Amortization of leased assets | $ | 9,193 |  |  | — |  |  | 9,193 |
Interest on lease liabilities | — |  |  | 772 |  |  | 772 |
| $ | 9,193 |  |  | 772 |  |  | 9,965 |
Net lease costs |  |  |  |  | $ | 203,029 |
December 31, 2020 | Cost of Goods Sold |  | Selling, General and Administrative Expenses |  | Total
Operating lease costs |  |  |  |  |
Fixed | $ | 25,067 |  |  | 102,504 |  |  | 127,571 |
Short-term | 11,633 |  |  | 16,021 |  |  | 27,654 |
Variable | 8,285 |  |  | 30,036 |  |  | 38,321 |
Sub-leases | (411) |  |  | (741) |  |  | (1,152) |
| $ | 44,574 |  |  | 147,820 |  |  | 192,394 |
| Depreciation and Amortization |  | Interest |  | Total
Finance lease costs |  |  |  |  |
Amortization of leased assets | $ | 6,423 |  |  | — |  |  | 6,423 |
Interest on lease liabilities | — |  |  | 690 |  |  | 690 |
| $ | 6,423 |  |  | 690 |  |  | 7,113 |
Net lease costs |  |  |  |  | $ | 199,507 |
Lease term and discount rate are as follows:
| December 31, 2022 |  | December 31, 2021 |  |
Weighted Average Remaining Lease Term |  |  |  |  |
Operating Leases | 4.5 years |  | 4.7 years |  |
Finance Leases | 6.2 years |  | 7.2 years |  |
Weighted Average Discount Rate |  |  |  |  |
Operating Leases | 3.8 | % |  | 2.4 | % |  |
Finance Leases | 1.5 | % |  | 1.3 | % |  |
Schedule of Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases is as follows:
| Classification |  | December 31, 2022 |  | December 31, 2021 |  |
Assets |  |  |  |  |  |  |
Operating Leases |  |  |  |  |  |  |
ROU operating lease assets | ROU operating lease assets |  | $ | 387,816 |  |  | 389,967 |  |  |
Finance Leases |  |  |  |  |  |  |
Property, plant and equipment, gross | Property, plant and equipment |  | 82,653 |  |  | 67,984 |  |  |
Accumulated depreciation | Accumulated depreciation |  | (30,218) |  |  | (19,902) |  |  |
Property, plant and equipment, net | Property, plant and equipment, net |  | 52,435 |  |  | 48,082 |  |  |
Total lease assets |  |  | $ | 440,251 |  |  | 438,049 |  |  |
Liabilities |  |  |  |  |  |  |
Operating Leases |  |  |  |  |  |  |
Other current | Current operating lease liabilities |  | $ | 105,266 |  |  | 104,434 |  |  |
Non-current | Non-current operating lease liabilities |  | 296,136 |  |  | 297,390 |  |  |
Total operating liabilities |  |  | 401,402 |  |  | 401,824 |  |  |
Finance Leases |  |  |  |  |  |  |
Short-term debt | Short-term debt and current portion of long-term debt |  | 11,765 |  |  | 9,560 |  |  |
Long-term debt | Long-term debt, less current portion |  | 40,285 |  |  | 38,390 |  |  |
Total finance liabilities |  |  | 52,050 |  |  | 47,950 |  |  |
Total lease liabilities |  |  | $ | 453,452 |  |  | 449,774 |  |  |
Schedule of Maturity of Operating Lease Liabilities | Maturities of lease liabilities as of December 31, 2022 are as follows:
Year ending December 31, | Finance Leases |  | Operating Leases |  | Total
2023 | $ | 12,574 |  |  | 125,068 |  |  | 137,642 |
2024 | 10,939 |  |  | 103,229 |  |  | 114,168 |
2025 | 9,498 |  |  | 82,839 |  |  | 92,337 |
2026 | 7,344 |  |  | 61,815 |  |  | 69,159 |
2027 | 4,433 |  |  | 34,829 |  |  | 39,262 |
Thereafter | 10,509 |  |  | 27,414 |  |  | 37,923 |
Total lease payments | 55,297 |  |  | 435,194 |  |  | 490,491 |
Less imputed interest | 3,247 |  |  | 33,792 |  |  |
Present value, Total | $ | 52,050 |  |  | 401,402 |  |  |
Schedule of Maturity of Finance Lease Liabilities | Maturities of lease liabilities as of December 31, 2022 are as follows:
Year ending December 31, | Finance Leases |  | Operating Leases |  | Total
2023 | $ | 12,574 |  |  | 125,068 |  |  | 137,642 |
2024 | 10,939 |  |  | 103,229 |  |  | 114,168 |
2025 | 9,498 |  |  | 82,839 |  |  | 92,337 |
2026 | 7,344 |  |  | 61,815 |  |  | 69,159 |
2027 | 4,433 |  |  | 34,829 |  |  | 39,262 |
Thereafter | 10,509 |  |  | 27,414 |  |  | 37,923 |
Total lease payments | 55,297 |  |  | 435,194 |  |  | 490,491 |
Less imputed interest | 3,247 |  |  | 33,792 |  |  |
Present value, Total | $ | 52,050 |  |  | 401,402 |  |  |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information related to leases was as follows:
| Twelve Months Ended |  |
| December 31, 2022 |  | December 31, 2021 |  | December 31, 2020 |  |  |  |
Cash paid for amounts included in measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 129,895 |  |  | 122,886 |  |  | 124,708 |  |  |  |  |
Operating cash flows from finance leases | 816 |  |  | 772 |  |  | 690 |  |  |  |
Financing cash flows from finance leases | 10,770 |  |  | 9,289 |  |  | 6,386 |  |  |  |  |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |  |
Operating leases | 119,115 |  |  | 186,605 |  |  | 110,036 |  |  |  |  |
Finance leases | 16,160 |  |  | 13,395 |  |  | 18,248 |  |  |  |  |
Amortization: |  |  |  |  |  |  |  |  |
Amortization of ROU operating lease assets (1) | 120,666 |  |  | 115,650 |  |  | 113,898 |  |  |  |  |
(1) Amortization of ROU operating lease assets during the period is reflected in Other assets and prepaid expenses on the Consolidated Statements of Cash Flows.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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