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Leases | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Leases | 2. Leases — The Company has operating leases for warehouses, manufacturing facilities, offices, cars, railcars and certain equipment. The lease term includes the non-cancellable period of the lease plus any additional periods covered by either an option to extend (or not terminate) that the Company is reasonably certain to exercise. The Company has leases with a lease term ranging from one year to approximately 20 years. The operating lease expense for the three months ended March 31, 2024 and 2023 was $1,936 and $1,637, respectively. Lease expenses related to variable lease payments and short-term leases were immaterial. Other information related to operating leases follows:
|  | Three months ended March 31, 2024 |  |  | Three months ended March 31, 2023 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 2,032 |  |  | $ | 1,644 |
Right-of-use assets obtained in exchange for new liabilities |  | $ | 2,382 |  |  | $ | 1,884 |
The weighted-average remaining lease term and discount rate related to the operating leases as of March 31, 2024 were as follows:
Weighted-average remaining lease term (in years) |  |  | 4.90 |
Weighted-average discount rate |  |  | 4.83 | %
Future minimum lease payments under non-cancellable operating leases as of March 31, 2024 were as follows:
2024 (excluding three months ended March 31, 2024) |  | $ | 5,433 |
2025 |  |  | 6,353 |
2026 |  |  | 4,733 |
2027 |  |  | 3,219 |
2028 |  |  | 2,236 |
Thereafter |  |  | 4,677 |
Total lease payments |  | $ | 26,651 |
Less: imputed interest |  |  | (2,886 | )
Total |  | $ | 23,765 |
Amounts recognized in the condensed consolidated balance sheet: |  |  |
Operating lease liabilities, current |  | $ | 6,358 |
Operating lease liabilities, long term |  | $ | 17,407 |

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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 + Details
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