XML 73 R40.htm IDEA: XBRL DOCUMENT v3.24.0.1

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Costs

The components of lease cost and lease cash flows for the years ended December 31, 2023, 2022, and 2021 are as follows:

(in thousands)			2023						2022						2021
Lease Cost
Operating Lease Cost			$	6,309					$	5,606					$	5,298
Variable Lease Cost			1,433						1,386						1,020
Short-Term Lease Cost			2,525						1,517						1,465
Total Lease Cost			10,267						8,509						7,783
Lease Cash Flows
Operating Cash Flows from Operating Leases			$	6,424					$	5,592					$	5,642

Schedule of Assets And Liabilities, Lessee

A summary of operating lease right-of-use lease assets and lease liabilities as of December 31, 2023 and 2022 is as follows: 

(in thousands)						2023						2022
Right of Use Lease Assets1						$	16,788					$	18,610
Lease Liabilities
Current2						5,756						5,071
Long-Term3						11,258						13,876
Total Lease Liabilities						$	17,014					$	18,947
1Included in Other Noncurrent Assets in the consolidated balance sheets.
2Included in Other Current Liabilities in the consolidated balance sheets.
3Included in Other Noncurrent Liabilities in the consolidated balance sheets.

The weighted-average remaining lease term and the weighted-average discount rate as of December 31, 2023 and 2022 are as follows:

			2023						2022
Weighted-Average Remaining Lease Term (in years)			3.4						4.2
Weighted-Average Discount Rate			5.40		%				4.73		%

Schedule of Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of December 31, 2023 for each of the next five years and in the aggregate thereafter are as follows:

(in thousands)			Operating Leases
2024			$	6,473
2025			5,357
2026			3,068
2027			2,196
2028			1,059
Thereafter			368
Total Lease Payments			18,521
Less: Interest			1,507
Present Value of Lease Liabilities			$	17,014

X

- Definition

Assets And Liabilities, Lessee

+ References

No definition available.

+ Details

Name:	ottr_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix:	ottr_
Data Type:	dtr-types1: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
-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

+ 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
-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

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration