XML 40 R21.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Leases | (11) Leases We have various lease agreements for our facilities, equipment and vehicles with remaining lease terms ranging from one to fifteen years. During the year ended December 31, 2023, two buildings that were under construction as of December 31, 2022 were completed and became available for use by the Company as leased premises. As a result, these leases were deemed to have commenced during the period. Components of lease cost (income) for the years ended December 31, 2023, 2022, and 2021 were as follows:
(in thousands) |  | 2023 |  | 2022 |  | 2021
Operating lease cost |  | $ | 13,667 |  |  | $ | 9,135 |  |  | $ | 10,226 |
Finance lease cost - amortization expense |  | 991 |  |  | 621 |  | 714
Finance lease cost - interest expense |  | 478 |  |  | 196 |  | 238
Short-term lease cost |  | 494 |  |  | 705 |  | 76
Variable lease cost |  | 3,953 |  |  | 764 |  |  | 3,163 |
Sublease income |  | (186) |  |  | (158) |  |  | (569) |
Total |  | $ | 19,397 |  |  | $ | 11,263 |  |  | $ | 13,848 |
As of December 31, 2023, our future minimum lease payments under operating leases and finance leases with initial or remaining lease terms in excess of one year were as follows:
(in thousands) |  | Finance Leases |  | Operating Leases
Years ending December 31: |  |  |  |
2024 |  | $ | 2,818 |  |  | $ | 14,375 |
2025 |  | 2,244 |  |  | 12,876 |
2026 |  | 2,155 |  |  | 12,242 |
2027 |  | 2,125 |  |  | 9,937 |
2028 |  | 2,115 |  |  | 9,351 |
Thereafter |  | 6,786 |  |  | 30,794 |
Total lease payments (undiscounted) |  | 18,243 |  |  | 89,575 |
Less: imputed interest |  | (5,015) |  |  | (22,856) |
Present value of lease liabilities |  | $ | 13,228 |  |  | $ | 66,719 |
Supplemental cash flow information related to our leases for the years ending December 31, 2023, 2022 and 2021 was as follows:
(in thousands) |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflow for operating leases |  | $ | 13,177 |  |  | $ | 10,268 |  |  | $ | 11,108 |
Operating cash outflow for finance leases |  | $ | 478 |  |  | $ | 196 |  |  | $ | 238 |
Financing cash outflow for finance leases |  | $ | 644 |  |  | $ | 652 |  |  | $ | 721 |
The weighted-average remaining lease term and discount rate for our finance and operating leases as of December 31, 2023 and 2022 were as follows:
|  | 2023 | 2022
|  | Finance |  | Operating | Finance |  | Operating
Weighted-average remaining lease term (in years) |  | 8.0 |  | 7.7 | 6.2 |  | 7.7
Weighted-average discount rate |  | 8.96% |  | 7.23% | 4.83% |  | 6.49%
Leases | (11) Leases We have various lease agreements for our facilities, equipment and vehicles with remaining lease terms ranging from one to fifteen years. During the year ended December 31, 2023, two buildings that were under construction as of December 31, 2022 were completed and became available for use by the Company as leased premises. As a result, these leases were deemed to have commenced during the period. Components of lease cost (income) for the years ended December 31, 2023, 2022, and 2021 were as follows:
(in thousands) |  | 2023 |  | 2022 |  | 2021
Operating lease cost |  | $ | 13,667 |  |  | $ | 9,135 |  |  | $ | 10,226 |
Finance lease cost - amortization expense |  | 991 |  |  | 621 |  | 714
Finance lease cost - interest expense |  | 478 |  |  | 196 |  | 238
Short-term lease cost |  | 494 |  |  | 705 |  | 76
Variable lease cost |  | 3,953 |  |  | 764 |  |  | 3,163 |
Sublease income |  | (186) |  |  | (158) |  |  | (569) |
Total |  | $ | 19,397 |  |  | $ | 11,263 |  |  | $ | 13,848 |
As of December 31, 2023, our future minimum lease payments under operating leases and finance leases with initial or remaining lease terms in excess of one year were as follows:
(in thousands) |  | Finance Leases |  | Operating Leases
Years ending December 31: |  |  |  |
2024 |  | $ | 2,818 |  |  | $ | 14,375 |
2025 |  | 2,244 |  |  | 12,876 |
2026 |  | 2,155 |  |  | 12,242 |
2027 |  | 2,125 |  |  | 9,937 |
2028 |  | 2,115 |  |  | 9,351 |
Thereafter |  | 6,786 |  |  | 30,794 |
Total lease payments (undiscounted) |  | 18,243 |  |  | 89,575 |
Less: imputed interest |  | (5,015) |  |  | (22,856) |
Present value of lease liabilities |  | $ | 13,228 |  |  | $ | 66,719 |
Supplemental cash flow information related to our leases for the years ending December 31, 2023, 2022 and 2021 was as follows:
(in thousands) |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflow for operating leases |  | $ | 13,177 |  |  | $ | 10,268 |  |  | $ | 11,108 |
Operating cash outflow for finance leases |  | $ | 478 |  |  | $ | 196 |  |  | $ | 238 |
Financing cash outflow for finance leases |  | $ | 644 |  |  | $ | 652 |  |  | $ | 721 |
The weighted-average remaining lease term and discount rate for our finance and operating leases as of December 31, 2023 and 2022 were as follows:
|  | 2023 | 2022
|  | Finance |  | Operating | Finance |  | Operating
Weighted-average remaining lease term (in years) |  | 8.0 |  | 7.7 | 6.2 |  | 7.7
Weighted-average discount rate |  | 8.96% |  | 7.23% | 4.83% |  | 6.49%

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration