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LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Balance sheets information related to leases
Leases were reflected on the consolidated balance sheets as follows at December 31:

(in thousands)20222021
Operating leases:
Operating lease assets$47,132 $58,236 
Accrued liabilities$12,780 $14,852 
Operating lease liabilities48,925 56,444 
Total operating lease liabilities$61,705 $71,296 
Weighted-average remaining lease term (in years)5.15.6
Weighted-average discount rate5.2 %4.7 %
Finance leases:
Property, plant and equipment, gross$33,060 $33,359 
Accumulated depreciation(8,630)(7,076)
Property, plant and equipment, net$24,430 $26,283 
Accrued liabilities$1,050 $531 
Other non-current liabilities27,287 27,406 
Total finance lease liabilities$28,337 $27,937 
Weighted-average remaining lease term (in years)14.615.6
Weighted-average discount rate6.0 %6.0 %
Components of lease expense
The components of lease expense for the years ended December 31 were as follows:

(in thousands)202220212020
Operating lease expense$20,480 $17,485 $20,928 
Finance lease expense:
Amortization of right-of-use assets$1,853 $1,283 $751 
Interest on lease liabilities1,697 829 20 
Total finance lease expense$3,550 $2,112 $771 
Statements of cash flows information related to leases
Supplemental cash flow information related to leases for the years ended December 31 was as follows:

(in thousands)202220212020
Lease assets obtained in exchange for lease obligations:
Operating leases(1)
$6,294 $38,630 $11,000 
Finance leases(2)
— 26,941 — 
Cash paid for amounts included in lease obligations:
Operating cash flows from operating leases(3)
$19,015 $8,444 $19,026 
Operating cash flows from finance leases1,697 8 20 
Financing cash flows from finance leases1,290 421 735 

(1) Operating lease assets obtained during 2021 included $24,396 acquired in conjunction with the acquisition of First American in June 2021 (Note 6).

(2) Finance lease assets obtained during 2021 consisted of a lease on our corporate headquarters located in Minnesota that commenced in July 2021.

(3) Cash paid for operating leases during 2021 was reduced by lease incentives received of $9,410.
Maturities of lease liabilities
Maturities of lease liabilities were as follows at December 31, 2022:
(in thousands)Operating lease obligationsFinance
lease obligations
2023$15,190 $2,709 
202414,826 2,743 
202512,203 2,777 
202611,257 2,812 
20278,110 2,847 
Thereafter9,645 29,032 
Total lease payments71,231 42,920 
Less lease incentive receivable(867)— 
Less imputed interest(8,659)(14,583)
Present value of lease payments$61,705 $28,337