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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lease, Cost | The following table presents the components of our lease cost (in thousands):
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Operating lease cost | $ | 24,024 |  |  | $ | 22,038 |  |  | $ | 11,251 |
Finance lease cost — interest | 125 |  |  | 112 |  |  | 122 |
Finance lease cost — reduction of ROU asset | 1,035 |  |  | 712 |  |  | 648 |
Short-term lease cost | 29 |  |  | 7 |  |  | 14 |
Total lease cost | $ | 25,213 |  |  | $ | 22,869 |  |  | $ | 12,035 |
Interest expense on our finance leases is included in interest expense, net in our consolidated statements of operations. The reduction of the operating and finance ROU assets is included as noncash lease expense in costs of goods sold and selling, general and administrative expenses in our consolidated statements of operations.
Supplemental Cash Flow Information Leases | The following table presents the supplemental cash flow information related to our leases (in thousands):
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases(1) | $ | 24,604 |  |  | $ | 25,225 |  |  | $ | 11,256 |
Operating cash flows from finance leases | $ | 125 |  |  | $ | 112 |  |  | $ | 122 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 15,873 |  |  | $ | 5,994 |  |  | $ | 2,589 |
Finance leases | $ | 1,028 |  |  | $ | 715 |  |  | $ | 558 |
_____________________________ (1) In January 2022, we acquired $55.2 million of operating right-of-use assets as part of the Smiths Medical acquisition, see Note 2: Acquisitions.
Supplemental Balance Sheet Information Leases | The following table presents the supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):
| As of December 31,
| 2023 |  | 2022
Operating leases |  |  |
Operating lease right-of-use assets | $ | 69,909 |  | $ | 74,864
Accrued liabilities | $ | 20,161 |  | $ | 18,169
Other long-term liabilities | 52,972 |  | 60,916
Total operating lease liabilities | $ | 73,133 |  | $ | 79,085
Weighted-Average Remaining Lease Term |  |  |
Operating leases | 5.6 years |  | 6.1 years
Weighted-Average Discount Rate |  |  |
Operating leases | 4.31 | % |  | 4.34 | %
The following table presents the supplemental balance sheet information related to our finance leases (in thousands, except lease term and discount rate):
| As of December 31,
| 2023 |  | 2022
Finance leases |  |  |
Finance lease right-of-use assets | $ | 2,707 |  | $ | 2,598
Accrued liabilities | $ | 860 |  | $ | 816
Other long-term liabilities | 1,954 |  | 1,855
Total finance lease liabilities | $ | 2,814 |  | $ | 2,671
Weighted-Average Remaining Lease Term |  |  |
Finance leases | 4.1 years |  | 4.8 years
Weighted-Average Discount Rate |  |  |
Finance leases | 4.93 | % |  | 4.23 | %
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | As of December 31, 2023, the maturities of our operating and finance lease liabilities for each of the next five years are approximately (in thousands):
| Operating Leases |  | Finance Leases
2024 | $ | 22,291 |  |  | $ | 977 |
2025 | 16,409 |  |  | 763 |
2026 | 14,095 |  |  | 639 |
2027 | 10,150 |  |  | 291 |
2028 | 5,735 |  |  | 189 |
Thereafter | 13,041 |  |  | 236 |
Total Lease Payments | 81,721 |  |  | 3,095 |
Less imputed interest | (8,588) |  |  | (281) |
Total | $ | 73,133 |  |  | $ | 2,814 |

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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 + Details
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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 + Details
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