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Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

(8) Leases

We have various lease agreements for our facilities, equipment and vehicles with remaining lease terms ranging from one to fifteen years. During the three months ended March 31, 2023, a new 100,000 square foot building that was being constructed adjacent to our corporate office became available for use by the Company. As a result, the lease was deemed to have commenced during that period. The total estimated base rent lease payments commenced in December of 2022, prior to our occupancy of the building. Additionally, during the three months ended June 30, 2023, we extended existing leases related to two buildings with office and production spaces totaling 246,100 square feet. As of June 30, 2023, the aggregate remaining minimum base lease payments related to the new building lease and extended leases described above total $34,500 and consist of $1,593, $3,247, $3,797, $3,912, $4,031, and $17,920 due, respectively, during the years ended December 31, 2023, 2024, 2025, 2026, 2027 and thereafter.

Classifications of the lease amounts reported on our balance sheet as of June 30, 2023 and December 31, 2022 are summarized below:

						June 30, 2023																		December 31, 2022
(in thousands)						Right-of-use assets						Current lease liabilities						Long-term lease liabilities						Right-of-use assets						Current lease liabilities						Long-term lease liabilities
Operating leases						$	63,026					$	9,590					$	61,361					$	39,502					$	8,343					$	38,499
Finance leases						3,050						696						3,090						3,244						693						3,280
Total						$	66,076					$	10,286					$	64,451					$	42,746					$	9,036					$	41,779

Leases

(8) Leases

We have various lease agreements for our facilities, equipment and vehicles with remaining lease terms ranging from one to fifteen years. During the three months ended March 31, 2023, a new 100,000 square foot building that was being constructed adjacent to our corporate office became available for use by the Company. As a result, the lease was deemed to have commenced during that period. The total estimated base rent lease payments commenced in December of 2022, prior to our occupancy of the building. Additionally, during the three months ended June 30, 2023, we extended existing leases related to two buildings with office and production spaces totaling 246,100 square feet. As of June 30, 2023, the aggregate remaining minimum base lease payments related to the new building lease and extended leases described above total $34,500 and consist of $1,593, $3,247, $3,797, $3,912, $4,031, and $17,920 due, respectively, during the years ended December 31, 2023, 2024, 2025, 2026, 2027 and thereafter.

Classifications of the lease amounts reported on our balance sheet as of June 30, 2023 and December 31, 2022 are summarized below:

						June 30, 2023																		December 31, 2022
(in thousands)						Right-of-use assets						Current lease liabilities						Long-term lease liabilities						Right-of-use assets						Current lease liabilities						Long-term lease liabilities
Operating leases						$	63,026					$	9,590					$	61,361					$	39,502					$	8,343					$	38,499
Finance leases						3,050						696						3,090						3,244						693						3,280
Total						$	66,076					$	10,286					$	64,451					$	42,746					$	9,036					$	41,779

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- References

No definition available.

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X

- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

+ Details

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X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

+ Details

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