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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%

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- References

No definition available.

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- 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

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

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