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v3.23.1

LEASES (Tables) | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Assets and Liabilities, Lessee | Leased assets and liabilities included within the Condensed Consolidated Balance Sheets consist of the following (in thousands):
|  | Classification |  | March 31, 2023 |  | December 31, 2022
Right-of-Use Assets |  |  |  |  |  |
Operating |  | Other assets |  | $ | 21,747 |  |  | $ | 23,003 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Other accrued liabilities |  | $ | 5,994 |  |  | $ | 6,120 |
Noncurrent |  |  |  |  |  |
Operating |  | Other non-current liabilities |  | 15,753 |  |  | 16,883 |
Total lease liabilities |  |  |  | $ | 21,747 |  |  | $ | 23,003 |
Lease, Cost | Lease costs included in the Condensed Consolidated Statements of Operations consist of the following (in thousands):
|  | Classification |  | Three Months Ended March 31, 2023 |  | Three Months Ended March 31, 2022
Operating lease cost |  | Cost of sales, selling expenses and general and administrative expense |  | $ | 1,871 |  |  | $ | 1,109 |
Finance lease cost |  |  |  |  |  |
Amortization of ROU leased assets |  | Depreciation and amortization within Cost of sales |  | — |  |  | 36 |
Interest on lease liabilities |  | Interest expense |  | — |  |  | 1 |
Net lease cost |  |  |  | $ | 1,871 |  |  | $ | 1,146 |
Remaining lease term and discount rates are as follows:
|  | March 31, 2023 |  | December 31, 2022
Weighted average remaining lease term (years) |  |  |  |
Operating leases |  | 4.1 |  | 4.3
Weighted average discount rate |  |  |  |
Operating leases |  | 4.91 | % |  | 4.92 | %
Lease costs included in the Condensed Consolidated Statements of Cash Flows are as follows (in thousands):
|  | Three Months Ended March 31, 2023 |  | Three Months Ended March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 1,895 |  |  | $ | 1,120 |
Operating cash flows from finance leases |  | $ | — |  |  | $ | 1 |
Financing cash flows from finance leases |  | $ | — |  |  | $ | 59 |
Operating Lease, Liability, Maturity | Maturity of the Company’s lease liabilities as of March 31, 2023 is as follows (in thousands):
|  | Operating Leases |  | Finance Leases |  | Total
2023 (remainder) |  | $ | 5,301 |  |  | $ | — |  |  | $ | 5,301 |
2024 |  | 6,083 |  |  | — |  |  | 6,083 |
2025 |  | 5,019 |  |  | — |  |  | 5,019 |
2026 |  | 4,463 |  |  | — |  |  | 4,463 |
2027 |  | 2,364 |  |  | — |  |  | 2,364 |
Thereafter |  | 794 |  |  | — |  |  | 794 |
Total lease payments |  | $ | 24,024 |  |  | $ | — |  |  | $ | 24,024 |
Less: interest |  | 2,277 |  |  | — |  |  |
Present value of lease payments |  | $ | 21,747 |  |  | $ | — |  |  |
Finance Lease, Liability, Maturity | Maturity of the Company’s lease liabilities as of March 31, 2023 is as follows (in thousands):
|  | Operating Leases |  | Finance Leases |  | Total
2023 (remainder) |  | $ | 5,301 |  |  | $ | — |  |  | $ | 5,301 |
2024 |  | 6,083 |  |  | — |  |  | 6,083 |
2025 |  | 5,019 |  |  | — |  |  | 5,019 |
2026 |  | 4,463 |  |  | — |  |  | 4,463 |
2027 |  | 2,364 |  |  | — |  |  | 2,364 |
Thereafter |  | 794 |  |  | — |  |  | 794 |
Total lease payments |  | $ | 24,024 |  |  | $ | — |  |  | $ | 24,024 |
Less: interest |  | 2,277 |  |  | — |  |  |
Present value of lease payments |  | $ | 21,747 |  |  | $ | — |  |  |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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