XML 22 R13.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Leases | 9 Months Ended
--- | ---
Sep. 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2022 |
Lease Cost |  |  |  |  |  |
Operating lease cost |  | $ | 3,917 |  |  | $ | 11,968 |
Short-term lease cost |  |  | 1,887 |  |  |  | 4,587 |
Variable lease cost |  |  | 205 |  |  |  | 630 |
Total lease cost |  | $ | 6,009 |  |  | $ | 17,185 |
Other Information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flow from operating leases |  | $ | 3,903 |  |  | $ | 11,908 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 455 |  |  |  | 4,017 |
The following table outlines the maturities of lease liabilities as of September 30, 2022.
(In thousands) |  |  |
Undiscounted Cash Flows: |  |  |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 3,906 |
2023 |  |  | 13,468 |
2024 |  |  | 8,688 |
2025 |  |  | 6,299 |
2026 |  |  | 4,667 |
Subsequent to 2026 |  |  | 36,903 |
Total Undiscounted Cash Flows |  | $ | 73,931 |
Less: Imputed interest |  |  | (10,947 | )
Present value |  | $ | 62,984 |
Current operating lease liabilities (1) |  |  | 12,971 |
Non-current operating lease liabilities |  |  | 50,013 |
Total lease liabilities |  | $ | 62,984 |
(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 |  |  | 2.9 | %
As of September 30, 2022, the Company had railcars, equipment, and storage tank leases, valued at approximately $7,787,000 that had not commenced. These leases will commence between the fourth quarter of 2022 and the third quarter of 2023 with lease terms ranging 1 year to 10 years.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration