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Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases The Company primarily leases manufacturing facilities, distribution centers and office spaces with lease terms expiring through 2031. For the year ended December 31, 2022, the Company recognized the following lease costs in the accompanying consolidated statement of income:
|  | (in thousands)
Operating lease expense |  | $ | 4,522 |
Short-term lease expense |  | 311 |
Variable lease expense |  | 817 |
Total lease expense |  | $ | 5,650 |
For the year ended December 31, 2022, total lease expense included in operating expense and cost of goods sold was $3,446,000 and $1,076,000, respectively. Rent expense for the year ended December 31, 2021 was $1,783,000. The following table presents supplemental information related to operating leases for the year ended December 31, 2022:
Weighted average remaining lease term |  | 4.27 years
Weighted average discount rate |  | 5.32 | %
Right-of-use assets obtained in exchange for operating lease liabilities |  | 10,727 |
Cash paid for amounts included in measurement of lease obligations |  |
Operating cash flows from operating leases |  | 4,481 |
As of December 31, 2022, future lease payments under operating leases were as follows:
|  | (in thousands)
2023 |  | $ | 5,244 |
2024 |  | 4,097 |
2025 |  | 2,926 |
2026 |  | 3,015 |
2027 |  | 1,149 |
Thereafter |  | 1,212 |
Total future lease payments |  | 17,643 |
Less: imputed interest |  | (1,509) |
Total lease liability balance |  | $ | 16,134 |
As of December 31, 2021, approximate future minimum lease obligations prior to the adoption of Topic 842 were as follows:
|  | (in thousands)
2022 |  | $ | 3,055 |
2023 |  | 3,060
2024 |  | 1,824
2025 |  | 380
2026 |  | 374
Thereafter |  | 1,629
|  | $ | 10,322 |
In September 2020, Global Wells entered into an operating lease with an unrelated party as the landlord. The lease generates monthly rental payments from $58,000 to $61,000 over the lease term of 38 months beginning September 9, 2020. Rental income for the years ended December 31, 2022 and December 31, 2021 were $949,000 and $931,000, respectively. The expected rental income is $611,000 for the year ended December 31, 2023.

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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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