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Leases | 6 Months Ended
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Jun. 30, 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Lease Cost |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 4,458 |  |  | $ | 3,943 |  |  | $ | 8,807 |  |  | $ | 8,051 |
Short-term lease cost |  |  | 2,739 |  |  |  | 1,362 |  |  |  | 5,518 |  |  |  | 2,700 |
Variable lease cost |  |  | 603 |  |  |  | 223 |  |  |  | 1,160 |  |  |  | 425 |
Total lease cost |  | $ | 7,800 |  |  | $ | 5,528 |  |  | $ | 15,485 |  |  | $ | 11,176 |
Other Information |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flow from operating leases |  | $ | 4,497 |  |  | $ | 3,930 |  |  | $ | 8,829 |  |  | $ | 8,005 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 875 |  |  |  | 743 |  |  |  | 7,420 |  |  |  | 3,562 |
The following table outlines the maturities of lease liabilities as of June 30, 2023.
(In thousands) |  |  |
Undiscounted Cash Flows: |  |  |
2023 (excluding the six months ended June 30, 2023) |  | $ | 8,477 |
2024 |  |  | 13,079 |
2025 |  |  | 9,077 |
2026 |  |  | 6,773 |
2027 |  |  | 6,266 |
Subsequent to 2027 |  |  | 38,348 |
Total Undiscounted Cash Flows |  | $ | 82,020 |
Less: Imputed interest |  |  | (12,719 | )
Present value |  | $ | 69,301 |
Current operating lease liabilities (1) |  |  | 13,378 |
Non-current operating lease liabilities |  |  | 55,923 |
Total lease liabilities |  | $ | 69,301 |
(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 |  | 9 Years |
Weighted-average discount rate-operating leases |  |  | 3.5 | %
As of June 30, 2023, the Company had equipment and railcars leases, valued at approximately $6,127,000, that had not commenced. These leases will commence during the third and the fourth quarters of 2023 with lease terms ranging 1 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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