XML 79 R26.htm IDEA: XBRL DOCUMENT
v3.22.4

Leases | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Leases | Leases As a lessee, we have various operating lease agreements primarily related to real estate, vehicles and office and plant equipment. The components of lease expense were as follows:
|  |  |  |  | Year Ended December 31,
(In thousands, except percentage and year amounts) |  |  |  | 2022 |  | 2021
Lease cost: |  |  |  |  |  |
| Operating lease cost recognized as rent expense |  |  |  | $ | 14,970 |  |  | $ | 14,230 |
| Total lease cost |  |  |  | $ | 14,970 |  |  | $ | 14,230 |
|  |  |  | Other Information
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
| Operating cash flows related to operating leases |  |  |  | $ | 14,906 |  |  | $ | 14,440 |
Non-cash other information: |  |  |  |
| Right-of-use assets obtained in exchange for new operating lease liabilities |  |  |  | $ | 6,418 |  |  | $ | 21,857 |
| Right-of-use assets obtained in acquisitions |  |  |  | $ | — |  |  | $ | 4,795 |
|  |  |  |  | December 31,
|  |  |  |  | 2022 |  | 2021
Weighted-average remaining lease term (in years): |  |  |  |
| Operating leases |  |  |  | 14 |  | 14
Weighted-average discount rate: |  |  |  |
| Operating leases |  |  |  | 2.66 | % |  | 2.49 | %
Rent expense was $15.0 million, $14.2 million and $13.0 million in 2022, 2021 and 2020, respectively. We did not have any lease transactions with related parties. We did not have any significant leases not yet commenced. At December 31, 2022, future lease payments under operating leases were as follows:
(In thousands) |  |  | Operating Leases
2023 |  |  | $ | 10,043 |
2024 |  |  | 7,480 |
2025 |  |  | 5,200 |
2026 |  |  | 4,061 |
2027 |  |  | 3,428 |
After 2027 |  |  | 22,031 |
|  |  | $ | 52,243 |
Less: Imputed interest |  |  | 7,938 |
Present value of operating lease liabilities |  |  | 44,305 |
Less: Current portion operating lease liabilities(a) |  |  | 8,960 |
Noncurrent operating lease liabilities |  |  | $ | 35,345 |
(a) Included in Accrued restructuring and other current liabilities on the Consolidated Balance Sheets.
Leases | Leases As a lessee, we have various operating lease agreements primarily related to real estate, vehicles and office and plant equipment. The components of lease expense were as follows:
|  |  |  |  | Year Ended December 31,
(In thousands, except percentage and year amounts) |  |  |  | 2022 |  | 2021
Lease cost: |  |  |  |  |  |
| Operating lease cost recognized as rent expense |  |  |  | $ | 14,970 |  |  | $ | 14,230 |
| Total lease cost |  |  |  | $ | 14,970 |  |  | $ | 14,230 |
|  |  |  | Other Information
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
| Operating cash flows related to operating leases |  |  |  | $ | 14,906 |  |  | $ | 14,440 |
Non-cash other information: |  |  |  |
| Right-of-use assets obtained in exchange for new operating lease liabilities |  |  |  | $ | 6,418 |  |  | $ | 21,857 |
| Right-of-use assets obtained in acquisitions |  |  |  | $ | — |  |  | $ | 4,795 |
|  |  |  |  | December 31,
|  |  |  |  | 2022 |  | 2021
Weighted-average remaining lease term (in years): |  |  |  |
| Operating leases |  |  |  | 14 |  | 14
Weighted-average discount rate: |  |  |  |
| Operating leases |  |  |  | 2.66 | % |  | 2.49 | %
Rent expense was $15.0 million, $14.2 million and $13.0 million in 2022, 2021 and 2020, respectively. We did not have any lease transactions with related parties. We did not have any significant leases not yet commenced. At December 31, 2022, future lease payments under operating leases were as follows:
(In thousands) |  |  | Operating Leases
2023 |  |  | $ | 10,043 |
2024 |  |  | 7,480 |
2025 |  |  | 5,200 |
2026 |  |  | 4,061 |
2027 |  |  | 3,428 |
After 2027 |  |  | 22,031 |
|  |  | $ | 52,243 |
Less: Imputed interest |  |  | 7,938 |
Present value of operating lease liabilities |  |  | 44,305 |
Less: Current portion operating lease liabilities(a) |  |  | 8,960 |
Noncurrent operating lease liabilities |  |  | $ | 35,345 |
(a) Included in Accrued restructuring and other current liabilities on the Consolidated Balance Sheets.

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 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of lessor's direct financing leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=77888252 + Details
Name: | us-gaap_LessorDirectFinancingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration