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Leases
 12 Months Ended
Dec. 31, 2024
Leases, Operating [Abstract]  
Leases Leases
We determine if an arrangement is a lease at inception. Operating leases, which are reported as Operating lease right-of-use assets ("ROU"), Operating lease liabilities – short-term, and Operating lease liabilities – long-term are included in our Consolidated Balance Sheets. Finance leases are included in Property, plant and equipment – net, Accounts payable, and Other liabilities in our Consolidated Balance Sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. The operating lease ROU asset also includes any lease pre-payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease and, when it is reasonably certain that such an option will be exercised, it is included in the determination of the corresponding assets and liabilities. Short-term leases are not recognized on our Consolidated Balance Sheets. Lease expense for all operating lease payments is recognized on a straight-line basis over the lease term.

We have lease agreements with lease and non-lease components, which are generally accounted for separately. Additionally, for certain equipment leases, we apply a portfolio approach to effectively account for the operating lease ROU assets and liabilities. The Company has entered into agreements to lease transportation equipment, storage facilities, office space, dock access and other equipment. The operating leases have initial terms of up to 20 years with some containing renewal options subject to customary
conditions. The term and length of the various agreements, as well as the timing of any renewals, will impact the ROU asset calculation and related liability.

The components of lease expense were as follows:
Years Ended December 31,
202420232022
Finance lease cost:
Amortization of right-of-use asset$1,036 $932 $917 
Interest on lease liabilities163 106 53 
Total finance lease cost1,199 1,038 970 
Operating lease cost43,517 47,148 43,668 
Short-term lease cost6,647 5,415 5,338 
Total lease cost$51,363 $53,601 $49,976 

Supplemental cash flow information related to leases was as follows:
Years Ended December 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$43,188 $47,196 
Operating cash flows from finance leases124 106 
Financing cash flows from finance leases1,011 938 
Non-cash information:
Right-of-use assets obtained in exchange for lease obligations:
Operating leases72,361 14,818 
Finance leases1,218 1,325 

Supplemental balance sheet information related to leases was as follows:
Years Ended December 31,
20242023
Operating Leases
Operating lease right-of-use assets$153,438 $95,805 
Operating lease liabilities – short term42,493 32,053 
Operating lease liabilities – long term111,400 63,961 
Total operating lease liabilities$153,893 $96,014 
Finance Leases
Property, plant and equipment – gross$4,131 $3,528 
Accumulated depreciation(1,771)(1,369)
Property, plant and equipment – net$2,360 $2,159 
Accounts payable$897 $797 
Other liabilities1,549 1,400 
Total finance lease liabilities$2,446 $2,197 
Weighted Average Remaining Lease Term
Operating leases7.2 years9.1 years
Finance leases3.1 years3.3 years
Weighted Average Discount Rate
Operating leases6.16 %6.40 %
Finance leases6.92 %6.71 %

Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
 Leases		Finance
Leases
2025$51,252 $1,047 
202640,462 806 
202730,566 521 
202824,359 301 
20299,972 50 
Thereafter41,880 14 
Total lease payments198,491 2,739 
Less imputed interest(44,598)(293)
Total$153,893 $2,446 

As of December 31, 2024, we have no additional operating or finance leases that have not yet commenced.
Leases Leases
We determine if an arrangement is a lease at inception. Operating leases, which are reported as Operating lease right-of-use assets ("ROU"), Operating lease liabilities – short-term, and Operating lease liabilities – long-term are included in our Consolidated Balance Sheets. Finance leases are included in Property, plant and equipment – net, Accounts payable, and Other liabilities in our Consolidated Balance Sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. The operating lease ROU asset also includes any lease pre-payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease and, when it is reasonably certain that such an option will be exercised, it is included in the determination of the corresponding assets and liabilities. Short-term leases are not recognized on our Consolidated Balance Sheets. Lease expense for all operating lease payments is recognized on a straight-line basis over the lease term.

We have lease agreements with lease and non-lease components, which are generally accounted for separately. Additionally, for certain equipment leases, we apply a portfolio approach to effectively account for the operating lease ROU assets and liabilities. The Company has entered into agreements to lease transportation equipment, storage facilities, office space, dock access and other equipment. The operating leases have initial terms of up to 20 years with some containing renewal options subject to customary
conditions. The term and length of the various agreements, as well as the timing of any renewals, will impact the ROU asset calculation and related liability.

The components of lease expense were as follows:
Years Ended December 31,
202420232022
Finance lease cost:
Amortization of right-of-use asset$1,036 $932 $917 
Interest on lease liabilities163 106 53 
Total finance lease cost1,199 1,038 970 
Operating lease cost43,517 47,148 43,668 
Short-term lease cost6,647 5,415 5,338 
Total lease cost$51,363 $53,601 $49,976 

Supplemental cash flow information related to leases was as follows:
Years Ended December 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$43,188 $47,196 
Operating cash flows from finance leases124 106 
Financing cash flows from finance leases1,011 938 
Non-cash information:
Right-of-use assets obtained in exchange for lease obligations:
Operating leases72,361 14,818 
Finance leases1,218 1,325 

Supplemental balance sheet information related to leases was as follows:
Years Ended December 31,
20242023
Operating Leases
Operating lease right-of-use assets$153,438 $95,805 
Operating lease liabilities – short term42,493 32,053 
Operating lease liabilities – long term111,400 63,961 
Total operating lease liabilities$153,893 $96,014 
Finance Leases
Property, plant and equipment – gross$4,131 $3,528 
Accumulated depreciation(1,771)(1,369)
Property, plant and equipment – net$2,360 $2,159 
Accounts payable$897 $797 
Other liabilities1,549 1,400 
Total finance lease liabilities$2,446 $2,197 
Weighted Average Remaining Lease Term
Operating leases7.2 years9.1 years
Finance leases3.1 years3.3 years
Weighted Average Discount Rate
Operating leases6.16 %6.40 %
Finance leases6.92 %6.71 %

Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
 Leases		Finance
Leases
2025$51,252 $1,047 
202640,462 806 
202730,566 521 
202824,359 301 
20299,972 50 
Thereafter41,880 14 
Total lease payments198,491 2,739 
Less imputed interest(44,598)(293)
Total$153,893 $2,446 

As of December 31, 2024, we have no additional operating or finance leases that have not yet commenced.