XML 42 R33.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Leases (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Leases [Abstract] |
Balance Sheet Information | The following table provides a summary of leases included on the condensed consolidated balance sheets as of September 30, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the nine months ended September 30, 2022 and 2021, respectively:
| Condensed Consolidated Balance Sheets Line Item | September 30, | December 31,
(in thousands) |  | 2022 | 2021 | 2021
Operating leases |  |  |  |
Assets |  |  |  |
Operating leases | Operating lease right-of-use assets | $ | 48,196 |  | $ | 41,513 |  | $ | 45,438 |
Liabilities |  |  |  |
Operating - current | Accrued expenses and other current liabilities | $ | 10,163 |  | $ | 8,849 |  | $ | 8,769 |
Operating - noncurrent | Operating lease liabilities | 38,650 |  | 33,063 |  | 37,091 |
Total operating lease liabilities |  | $ | 48,813 |  | $ | 41,912 |  | $ | 45,860 |
Finance leases |  |  |  |
Assets |  |  |  |
Property and equipment, gross | Property, plant and equipment, net | $ | 3,569 |  | $ | 3,569 |  | $ | 3,569 |
Accumulated amortization | Property, plant and equipment, net | (3,569) |  | (3,340) |  | (3,416) |
Property and equipment, net | Property, plant and equipment, net | $ | — |  | $ | 229 |  | $ | 153 |
Lease, Cost | The components of lease expense were as follows:
| Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item | Three Months Ended September 30, | Nine Months Ended September 30,
(in thousands) |  | 2022 |  | 2021 | 2022 |  | 2021
Operating lease cost | General administrative expenses and cost of sales | $ | 3,436 |  |  | $ | 2,958 |  | $ | 9,851 |  |  | $ | 8,570 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | General administrative expenses | $ | — |  |  | $ | 2 |  | $ | — |  |  | $ | 215 |
Interest on lease liabilities | Interest expense, net | — |  |  | — |  | — |  |  | 2 |
Total finance lease |  | $ | — |  |  | $ | 2 |  | $ | — |  |  | $ | 217 |
Other Information Supplemental cash flow information related to leases is as follows:
| Three Months Ended September 30, | Nine Months Ended September 30,
(in thousands) | 2022 |  | 2021 | 2022 | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows for operating leases | $ | 3,435 |  |  | $ | 2,919 |  | $ | 9,662 |  | $ | 8,417 |
Finance cash flows for finance leases | — |  |  | 2 |  | — |  | 291 |
Operating right-of-use assets obtained in exchange for lease obligations during the current period | 3,159 |  |  | 926 |  | 8,728 |  | 5,624 |
The following table summarizes the Company's lease terms and discount rates as of September 30, 2022 and 2021:
Weighted-average remaining lease terms (in years): | 2022 |  | 2021
Operating leases | 6.12 |  | 6.77
Weighted-average discount rate: |  |  |
Operating leases | 4.79 | % |  | 5.26 | %
Operating Lease, Liability, Maturity | The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022:
(in thousands) |  |  | Operating Leases
Remaining three months of 2022 |  |  | $ | 3,391 |
2023 |  |  | 12,218 |
2024 |  |  | 10,161 |
2025 |  |  | 8,287 |
2026 |  |  | 6,405 |
Thereafter |  |  | 18,070 |
Total lease payments |  |  | 58,532 |
Less: Present value discount |  |  | (9,719) |
Total lease liabilities |  |  | $ | 48,813 |
Finance Lease, Liability, Maturity | The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022:
(in thousands) |  |  | Operating Leases
Remaining three months of 2022 |  |  | $ | 3,391 |
2023 |  |  | 12,218 |
2024 |  |  | 10,161 |
2025 |  |  | 8,287 |
2026 |  |  | 6,405 |
Thereafter |  |  | 18,070 |
Total lease payments |  |  | 58,532 |
Less: Present value discount |  |  | (9,719) |
Total lease liabilities |  |  | $ | 48,813 |

X
- Definition Lease, Lessee, Balance Sheet Information [Table Text Block] + References No definition available. + Details
Name: | ssd_LeaseLesseeBalanceSheetInformationTableTextBlock
Namespace Prefix: | ssd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration