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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases
8.
Leases

The Company has operating and finance leases for regional offices, manufacturing facilities, retail centers, distribution centers and certain equipment. The Company’s leases have remaining lease terms of 1 year to 13 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 1 year.

As of December 31, 2024, the weighted average remaining lease term was 7.2 and 4.8 years for operating and finance leases, respectively. As of December 31, 2024, the weighted average discount rate was 3.5% and 6.6% for operating and finance leases, respectively.

The components of lease expense were as follows (U.S. dollars in thousands):

    Year Ended December 31,  
   
2024
     2023
     2022
  
Operating lease expense
                  
Operating lease cost
   $ 23,668    
$
29,186
    
$
39,682
  
Variable lease cost
     6,203      
4,245
      
6,061
  
Short-term lease cost
     —      
—
      
210
  
Finance lease expense
                        
Amortization of right-of-use assets
     2,707      
4,785
      
2,371
  
Interest on lease liabilities
     404      
502
      
268
  
Total lease expense
   $ 32,982    
$
38,718
    
$
48,592
  

Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):

 
Year Ended December 31,
  
     2024
    
2023
    
2022
  
Operating cash outflow from operating leases
   $ 24,609    
$
29,055
    
$
37,174
  
Operating cash outflow from finance leases
   $ 376    
$
481
    
$
243
  
Financing cash outflow from finance leases
   $ 2,886    
$
3,198
    
$
1,919
  
Right-of-use assets obtained in exchange for operating lease obligations
   $ 16,469    
$
27,730
    
$
34,026
  
Right-of-use assets obtained in exchange for finance lease obligations
   $ 30    
$
1,081
    
$
9,797
  

Maturities of lease liabilities were as follows (U.S. dollars in thousands):

Year Ending December 31,
  
Operating
Leases
    
Finance
Leases
  
2025
  
$
18,969
    
$
2,528
  
2026
    
14,765
      
2,524
  
2027
    
10,789
      
2,504
  
2028
    
8,306
      
2,382
  
2029
    
7,587
      
1,933
  
Thereafter
    
23,702
      
—
  
Total
    
84,118
      
11,871
  
Less: Finance charges
    
8,796
      
1,708
  
Total principal liability
  
$
75,322
    
$
10,163
  

The Company has additional lease liabilities of $2.1 million which have not yet commenced as of December 31, 2024, and as such, have not been recognized on the consolidated balance sheets.