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Leases | 3 Months Ended
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Mar. 31, 2023
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 March 31, |  |  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Lease Cost |  |  |  |  |  |
Operating lease cost |  | $ | 4,349 |  |  | $ | 4,108 |
Short-term lease cost |  |  | 2,779 |  |  |  | 1,338 |
Variable lease cost |  |  | 557 |  |  |  | 202 |
Total lease cost |  | $ | 7,685 |  |  | $ | 5,648 |
Other Information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flow from operating leases |  | $ | 4,332 |  |  | $ | 4,075 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 6,545 |  |  |  | 2,819 |
The following table outlines the maturities of lease liabilities as of March 31, 2023.
(In thousands) |  |  |
Undiscounted Cash Flows: |  |  |
2023 (excluding the three months ended March 31, 2023) |  | $ | 12,080 |
2024 |  |  | 11,424 |
2025 |  |  | 7,718 |
2026 |  |  | 5,968 |
2027 |  |  | 5,499 |
Subsequent to 2027 |  |  | 36,810 |
Total Undiscounted Cash Flows |  | $ | 79,499 |
Less: Imputed interest |  |  | (12,411 | )
Present value |  | $ | 67,088 |
Current operating lease liabilities (1) |  |  | 13,375 |
Non-current operating lease liabilities |  |  | 53,713 |
Total lease liabilities |  | $ | 67,088 |
(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 |  |  | 3.4 | %
As of March 31, 2023 the Company had railcars leases, valued at approximately $3,865,000, that had not commenced. These leases will commence during the second and the third quarters of 2023 with lease terms ranging 5 year to 7 years.

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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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