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Leases | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases |
7. | LEASES
Lease cost is recognized in both the Cost of Sales and Operating Expenses sections of the Condensed Consolidated Statements of Income.
(In thousands) |  | Three months ended June 30, 2022 |  | Six months ended June 30, 2022 |
Lease Cost |  |  |  |  |  |  |
Operating lease cost |  | $ | 3,943 |  | $ | 8,051 |
Short-term lease cost |  |  | 1,362 |  |  | 2,700 |
Variable lease cost |  |  | 223 |  |  | 425 |
Total lease cost |  | $ | 5,528 |  | $ | 11,176 |
Other Information |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flow from operating leases |  | $ | 3,930 |  | $ | 8,005 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 743 |  |  | 3,562 |
The following table outlines the maturities of lease liabilities as of June 30, 2022.
(In thousands) |  |  |  |
Undiscounted Cash Flows: |  |  |  |
2022 (excluding the six months ended June 30, 2022) |  | $ | 7,806 |
2023 |  |  | 13,402 |
2024 |  |  | 8,663 |
2025 |  |  | 6,295 |
2026 |  |  | 4,686 |
Subsequent to 2026 |  |  | 37,414 |
Total Undiscounted Cash Flows |  | $ | 78,266 |
Less: Imputed interest |  |  | (11,719 | )
Present value |  | $ | 66,547 |
Current operating lease liabilities (1) |  |  | 13,429 |
Non-current operating lease liabilities |  |  | 53,118 |
Total lease liabilities |  | $ | 66,547 |
| (1) | This item is included in the Accrued liabilities line on the Company’s Condensed Consolidated Balance Sheet.
Weighted-average remaining lease term-operating leases |  | 10 years |
Weighted-average discount rate-operating leases |  |  | 3.0 | %
As of June 30, 2022, the Company had no leases that have not commenced.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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