XML 21 R12.htm IDEA: XBRL DOCUMENT v3.22.1
LEASES
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
LEASES LEASES
The Company has operating leases for corporate offices, distribution facilities, a manufacturing plant, and certain vehicles.
The components of lease expense for the three months ended March 31, 2022 and 2021 were as follows (in thousands):
Three Months Ended
March 31,
20222021
Operating lease expenses(1):
Fixed lease expense$4,408 $4,495 
Variable lease expense1,171 978 
Total$5,579 $5,473 
(1) Expenses are recorded within distribution expenses and selling, general and administrative expenses on the unaudited condensed consolidated statement of operations.
Supplemental cash flow information for lease related liabilities and assets for the three months ended March 31, 2022 and 2021 were as follows (in thousands):
Three Months Ended
March 31,
2022
2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$4,743 $4,904 
Three Months Ended
March 31,
2022
2021
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$1,528 $847 
The aggregate future lease payments for operating leases as of March 31, 2022 were as follows (in thousands):
 Operating
2022 (excluding the three months ended March 31, 2022)
$14,555 
202318,937 
202418,406 
202517,985 
202617,396 
202713,323 
Thereafter24,786 
Total lease payments125,388 
Less: Interest(24,161)
Present value of lease payments$101,227 
Average lease terms and discount rates were as follows:
 March 31, 2022
Operating leases:
Weighted-average remaining lease term (years)7.0
Weighted-average discount rate6.1 %