Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Right-of-Use Lease Assets and Lease Liabilities
The table below presents the operating leases, finance leases, and financing obligation right-of-use assets and liabilities recognized on the consolidated balance sheet as of December 31, 2022 and 2021:
Classification December 31,
2022		 December 31,
2021
Assets
Operating lease assets Right-of-use lease assets $ 28,265  $ 30,115 
Finance lease and financing obligation assets Property, plant and equipment, net 21,506  29,737 
Total leased assets $ 49,771  $ 59,852 
Liabilities
Current:
Operating lease liabilities Operating lease liabilities—current $ 8,155  $ 8,306 
Finance lease and financing obligation liabilities Accrued liabilities 2,855  3,181 
Noncurrent:
Operating lease liabilities Operating lease liabilities—noncurrent 20,021  21,719 
Finance lease and financing obligation liabilities Other long-term liabilities 7,633  11,667 
Total leased liabilities $ 38,664  $ 44,873 
Weighted Average Remaining Lease Term and Discount Rate
The Company’s weighted average remaining lease term and weighted average discount rate for operating and financing leases as of December 31, 2022 are as follows:
December 31,
2022		 December 31,
2021
Weighted average remaining lease term (in years):
Operating leases 4.45 4.79
Finance leases and financing obligation 3.57 4.69
Weighted average discount rate:
Operating leases 5.24  % 5.02  %
Finance leases and financing obligation 2.86  % 2.86  %
Maturities of Lease Liabilities
Maturities of lease liabilities as of December 31, 2022 are as follows:
Year Operating
Leases		 Finance
Leases and Financing Obligation
2023 $ 9,339  $ 3,063 
2024 7,748  3,063 
2025 5,797  3,036 
2026 4,166  1,878 
2027 2,770  — 
Thereafter 1,979  — 
Total lease payments 31,799  11,040 
Less: Interest (3,623) (552)
Total lease liabilities (1)
$ 28,176  $ 10,488 
(1)     Refer to the above table regarding the Company’s right-of-use lease assets and lease liabilities for the presentation of the lease liabilities in the Company’s consolidated balance sheet as of December 31, 2022.
Cash Flow Information Related to Leases
The following table presents other information related to the Company’s operating leases, finance leases and financing obligation and the impact on the Company’s consolidated statement of cash flows:
Years ended
December 31,
2022 2021
Cash paid for amounts included in the measurement of lease liabilities:
Payments on operating leases included in operating cash flows $ 10,327  $ 9,755 
Interest payments under finance leases and financing obligation included in operating cash flows 339  189 
Principal payments under finance leases and financing obligation included in financing cash flows 2,724  1,466 
Right-of-use assets obtained in exchange for new lease liabilities (non-cash):
Operating leases 7,462  9,526