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Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of Lease-Related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheets:

												As of June 30,						As of December 31,
(in thousands)						Classification						2023						2022
Assets
Non-Current
Operating						Operating lease right-of-use assets						$	76,582					$	76,174
Finance						Property and equipment, net						9,676						8,928
Total lease assets												$	86,258					$	85,102
Liabilities
Current
Operating						Current maturities of operating lease obligations						$	26,389					$	26,145
Financing						Current maturities of finance lease obligations						2,702						2,508
Non-Current
Operating						Operating lease obligations						49,975						49,789
Financing						Finance lease obligations						6,996						6,397
Total lease liabilities												$	86,062					$	84,839
Weighted-average remaining lease term:
Operating leases												3.8 years						4.0 years
Finance leases												3.8 years						3.6 years
Weighted-average discount rate:
Operating leases												4.86		%				4.41		%
Finance leases												6.71		%				5.76		%

Schedule of Lease Costs for Finance and Operating Leases

The table below presents certain information related to the lease costs for finance and operating leases:

												Three months ended June 30,												Six months ended June 30,
(in thousands)						Classification						2023						2022						2023						2022
Operating lease cost(1)						Administrative						$	9,387					$	8,180					$	18,590					$	15,939
Finance lease cost:
Amortization of leased assets(2)						Cost of sales						895						855						1,872						1,571
Interest on finance lease obligations						Interest expense, net						146						68						277						129
Total lease costs												$	10,428					$	9,103					$	20,739					$	17,639

(1)Includes variable lease costs of $1.1 million and $0.8 million for the three months ended June 30, 2023 and 2022, respectively, and $2.3 million and $1.7 million for the six months ended June 30, 2023 and 2022, respectively, and short-term lease costs of $0.3 million for each of the three months ended June 30, 2023 and 2022, and $0.6 million for each of the six months ended June 30, 2023 and 2022.

(2)Includes variable lease costs of $0.1 million and $0.2 million for the three months ended June 30, 2023 and 2022, respectively, and $0.4 million for each of the six months ended June 30, 2023 and 2022.

The table below presents supplemental cash flow information related to leases (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2023						2022						2023						2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases			$	7,865					$	6,803					$	15,556					$	13,266
Operating cash flows for finance leases			146						68						277						129
Financing cash flows for finance leases			722						564						1,449						1,085

Schedule of Undiscounted Cash Flows Finance Lease Obligations

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years for the finance lease obligations and operating lease obligations recorded on the Condensed Consolidated Balance Sheet as of June 30, 2023 (in thousands):

			Finance Leases						Operating Leases
									Related Party						Other						Total Operating
Remainder of 2023			$	1,704					$	650					$	14,916					$	15,566
2024			2,992						1,045						24,637						25,682
2025			2,621						894						17,590						18,484
2026			2,290						—						11,719						11,719
2027			1,319						—						6,260						6,260
Thereafter			130						—						6,226						6,226
Total minimum lease payments			11,056						$	2,589					$	81,348					83,937
Less: Amounts representing executory costs			(2)																		—
Less: Amounts representing interest			(1,356)																		(7,573)
Present value of future minimum lease payments			9,698																		76,364
Less: Current obligation under leases			(2,702)																		(26,389)
Long-term lease obligations			$	6,996																	$	49,975

Schedule of Undiscounted Cash Flows Operating Lease Obligations

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years for the finance lease obligations and operating lease obligations recorded on the Condensed Consolidated Balance Sheet as of June 30, 2023 (in thousands):

			Finance Leases						Operating Leases
									Related Party						Other						Total Operating
Remainder of 2023			$	1,704					$	650					$	14,916					$	15,566
2024			2,992						1,045						24,637						25,682
2025			2,621						894						17,590						18,484
2026			2,290						—						11,719						11,719
2027			1,319						—						6,260						6,260
Thereafter			130						—						6,226						6,226
Total minimum lease payments			11,056						$	2,589					$	81,348					83,937
Less: Amounts representing executory costs			(2)																		—
Less: Amounts representing interest			(1,356)																		(7,573)
Present value of future minimum lease payments			9,698																		76,364
Less: Current obligation under leases			(2,702)																		(26,389)
Long-term lease obligations			$	6,996																	$	49,975

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- Definition

Assets And Liabilities, Lessee

+ References

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- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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