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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Leases We lease rail cars, warehouse and office space, land, and certain office, manufacturing, material handling and other equipment under varying terms and conditions. All leases are classified as operating leases. The components of lease cost and lease cash flows for the years ended December 31, 2024, 2023, and 2022 are as follows:
(in thousands) | 2024 |  | 2023 |  | 2022
Lease Cost |  |  |  |  |
Operating Lease Cost | $ | 6,688 |  |  | $ | 6,309 |  |  | $ | 5,606 |
Variable Lease Cost | 1,460 |  |  | 1,433 |  |  | 1,386 |
Short-Term Lease Cost | 2,746 |  |  | 2,525 |  |  | 1,517 |
Total Lease Cost | $ | 10,894 |  |  | $ | 10,267 |  |  | $ | 8,509 |
Lease Cash Flows |  |  |  |  |
Operating Cash Flows from Operating Leases | $ | 6,762 |  |  | $ | 6,424 |  |  | $ | 5,592 |
A summary of operating lease right-of-use lease assets and lease liabilities as of December 31, 2024 and 2023 is as follows:
(in thousands) |  | 2024 |  | 2023
Right of Use Lease Assets 1 |  | $ | 28,179 |  |  | $ | 16,788 |
Lease Liabilities |  |  |  |
Current 2 |  | 4,776 |  |  | 5,756 |
Long-Term 3 |  | 23,567 |  |  | 11,258 |
Total Lease Liabilities |  | $ | 28,343 |  |  | $ | 17,014 |
1 Included in Other Noncurrent Assets in the consolidated balance sheets. |  |  |
2 Included in Other Current Liabilities in the consolidated balance sheets. |  |  |
3 Included in Other Noncurrent Liabilities in the consolidated balance sheets. |  |  |
Operating lease assets obtained in exchange for new operating lease liabilities amounted to $17.6 million and $3.6 million for the years ended December 31, 2024 and 2023. Maturities of lease liabilities as of December 31, 2024 for each of the next five years and in the aggregate thereafter are as follows:
(in thousands) | Operating Leases
2025 | $ | 6,350 |
2026 | 5,638 |
2027 | 4,785 |
2028 | 3,604 |
2029 | 2,750 |
Thereafter | 12,921 |
Total Lease Payments | 36,048 |
Less: Interest | 7,705 |
Present Value of Lease Liabilities | $ | 28,343 |
The weighted-average remaining lease term and the weighted-average discount rate as of December 31, 2024 and 2023 are as follows:
| 2024 |  | 2023
Weighted-Average Remaining Lease Term (in years) | 7.9 |  | 3.4
Weighted-Average Discount Rate | 6.37 | % |  | 5.40 | %

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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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