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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Balance sheet locations and values of the Company's lease assets and lease liabilities
The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities at December 31, 2023 and December 31, 2022:
ClassificationBalance Sheet LocationDecember 31, 2023December 31, 2022
Lease Assets
Operating lease assetsRight of Use Asset - Operating Leases$314,944 $296,781 
Finance lease assetsOther Assets94,026 103,467 
Total lease assets$408,970 $400,248 
Lease Liabilities
Current operating lease liabilitiesAccrued expenses and other$54,803 $52,306 
Current finance lease liabilitiesNotes payable and current portion of long-term debt18,791 19,015 
Total current lease liabilities73,594 71,321 
Noncurrent operating lease liabilitiesNoncurrent Operating Lease Liabilities265,454 250,994 
Noncurrent finance lease liabilitiesLong-term Debt, net of current portion70,203 83,905 
Total noncurrent lease liabilities335,657 334,899 
Total lease liabilities$409,251 $406,220 
Components of the company's total lease cost The following table sets forth the components of the Company’s total lease cost for the years ended December 31, 2023, 2022, and 2021:
Lease Cost202320222021
Operating lease cost(a)$54,990 $51,890 $48,158 
Finance lease cost:
     Amortization of lease asset(a) (b)13,110 12,241 5,747 
     Interest on lease liabilities(c)4,447 4,751 1,384 
Variable lease cost(a) (d)40,983 30,269 26,198 
Impairment charges(e)— 293 148 
Total lease cost$113,530 $99,444 $81,635 
(a) Production-related and administrative amounts are included in cost of sales and selling, general and administrative expenses, respectively.
(b) Included in depreciation and amortization.
(c) Included in interest expense.
(d) Also includes short-term lease costs, which are deemed immaterial.
(e) Impairment charges are included in “Restructuring/asset impairment charges” in the Company’s Consolidated Statements of Income. See Note 4 for more information.
Five-year maturity schedule of Company's lease liabilities
The following table sets forth the five-year maturity schedule of the Company’s lease liabilities as of December 31, 2023:
Maturity of Lease LiabilitiesOperating LeasesFinance LeasesTotal
2024$55,688 $19,163 $74,851 
202548,400 21,186 69,586 
202638,379 16,727 55,106 
202734,125 4,791 38,916 
202831,329 4,277 35,606 
Beyond 2028198,533 38,922 237,455 
Total lease payments406,454 105,066 511,520 
     Less: Interest86,197 16,072 102,269 
Lease Liabilities$320,257 $88,994 $409,251 
Five-year maturity schedule of Company's lease liabilities
The following table sets forth the five-year maturity schedule of the Company’s lease liabilities as of December 31, 2023:
Maturity of Lease LiabilitiesOperating LeasesFinance LeasesTotal
2024$55,688 $19,163 $74,851 
202548,400 21,186 69,586 
202638,379 16,727 55,106 
202734,125 4,791 38,916 
202831,329 4,277 35,606 
Beyond 2028198,533 38,922 237,455 
Total lease payments406,454 105,066 511,520 
     Less: Interest86,197 16,072 102,269 
Lease Liabilities$320,257 $88,994 $409,251 
Company's weighted average remaining lease term and discount rates used
The following tables set forth the Company’s weighted average remaining lease term and discount rates used in the calculation of its outstanding lease liabilities at December 31, 2023, 2022, and 2021, along with other lease-related information for the years ended December 31, 2023, 2022, and 2021:
Lease Term and Discount Rate202320222021
Weighted-average remaining lease term (years):
     Operating leases10.711.211.8
     Finance leases8.89.213.5
Weighted-average discount rate:
     Operating leases4.97%4.27%4.09%
     Finance leases4.89%4.79%2.86%
Other Information202320222021
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows used by operating leases $54,877 $52,198 $50,479 
     Operating cash flows used by finance leases$4,447 $4,751 $1,384 
     Financing cash flows used by finance leases$15,559 $12,687 $4,699 
Leased assets obtained in exchange for new operating lease liabilities$33,059 $36,158 $20,505 
Leased assets obtained in exchange for new finance lease liabilities$8,354 $10,091 $14,643 
Modification to leased assets for increase in operating lease liabilities$2,938 $2,807 $15,936 
Modification to leased assets for increase/(decrease) in finance lease liabilities$18 $(642)$9,586 
Termination reclasses to decrease operating lease assets$(15,314)$(4,285)$(5,267)
Termination reclasses to decrease operating lease liabilities$(16,169)$(4,537)$(5,602)
Termination reclasses to decrease finance lease assets$(4,564)$(1,351)$(125)
Termination reclasses to decrease finance lease liabilities$(6,462)$(87)$(130)