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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Lease Cost Included in Cost of Sale and Operating Expenses The lease cost is included in Cost of sale and Operating expenses sections of the Consolidated Statements of Income.

 

 

(In thousands)

Year ended

December 31, 2020

 

 

Year ended

December 31, 2019

 

Lease Cost

 

 

 

 

 

 

 

Operating lease cost

$

11,821

 

 

$

10,908

 

Short-term lease cost

 

4,922

 

 

 

4,420

 

Variable lease cost

 

1,135

 

 

 

1,045

 

Total lease cost

$

17,878

 

 

$

16,373

 

Other Information

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flow from operating leases

$

11,843

 

 

$

10,954

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

27,766

 

 

 

5,694

 

 

Schedule of Lease Liability Payments

 

 

 

 

 

(In thousands)

 

 

 

 

Undiscounted Cash Flows:

 

 

 

 

2021

 

$

12,704

 

2022

 

 

11,241

 

2023

 

 

9,204

 

2024

 

 

5,685

 

2025

 

 

4,094

 

Subsequent to 2025

 

 

32,452

 

Total Undiscounted Cash Flows

 

$

75,380

 

Less: Imputed interest

 

 

(12,785

)

Present value

 

$

62,595

 

Current operating lease liabilities (1)

 

 

11,028

 

Non-current operating lease liabilities

 

 

51,567

 

Total lease liabilities

 

$

62,595

 

 

(1)

This item is included in Accrued liabilities line on the Company’s Consolidated Balance Sheet.

Schedule of Operating Leases Weighted Average, Remaining Lease Term and Discount Rate

Weighted-average remaining lease term-operating leases

 

10 Years

Weighted-average discount rate-operating leases

 

3.2%