Leases (Tables)

3 Months Ended

Mar. 31, 2025

Supplemental Balance Sheet Information about Leases of Lessee

Supplemental balance sheet information related to the Company's leases are shown below (dollars in thousands):


	Balance Sheet Location	March 31, 2025		December 31, 2024
Assets
Operating leases	Operating lease right-of-use assets	$	45,290	$	40,480
Finance leases	Property and equipment, net (a)	2,150		2,110
Total lease assets		$	47,440	$	42,590
Liabilities
Current:
Operating leases	Lease liabilities, current portion	$	8,640	$	7,580
Finance leases	Lease liabilities, current portion	480		460
Long-term:
Operating leases	Lease liabilities	39,400		35,520
Finance leases	Lease liabilities	1,120		1,160
Total lease liabilities		$	49,640	$	44,720

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(a) Finance leases were recorded net of accumulated depreciation of $0.5 million and $0.4 million as of March 31, 2025 and December 31, 2024, respectively.

Lease, Cost [Table Text Block]

The components of lease expense are as follows (dollars in thousands):


		Three months ended March 31,
	Statement of Income Location		2025		2024
Operating lease cost	Cost of sales and Selling, general and administrative expenses		$	2,580	$	2,280
Finance lease cost:
Depreciation of lease assets	Cost of sales		60		60
Interest on lease liabilities	Interest expense		10		10
Short-term, variable and other lease costs	Cost of sales and Selling, general and administrative expenses		1,090		1,090
Total lease cost			$	3,740	$	3,440

Lessee, Lease Liability, Maturity

Maturities of lease liabilities are as follows (dollars in thousands):


Year ended December 31,	Operating Leases(a)		Finance Leases(a)
2025 (excluding the three months ended March 31, 2025)	$	7,760	$	380
2026	10,650		570
2027	9,260		670
2028	7,290		—
2029	5,870		—
Thereafter	13,840		—
Total lease payments	54,670		1,620
Less: Imputed interest	(6,630)		(20)
Present value of lease liabilities	$	48,040	$	1,600

__________________________

(a) The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

Supplemental Cash Flow Information Related to Leases

Other information related to the Company's leases are as follows (dollars in thousands):


	Three months ended March 31,
		2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	2,670	$	2,360
Operating cash flows from finance leases		10		10
Financing cash flows from finance leases		120		120
Lease assets obtained in exchange for new lease liabilities:
Operating leases		6,660		870