LEASES (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Lessee Disclosure [Abstract] |
|
| Schedule of Lease-related Assets and Liabilities |
The
following table summarizes the Company’s lease-related assets and liabilities recorded in the consolidated balance sheets:
|
Description
|
|
Classification
on the consolidated Balance Sheet |
|
2022
|
|
|
2021
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
Operating
lease assets, net of lease incentive obligation |
|
Operating
lease right-of use assets, net |
|
$
|
62,754
|
|
|
$
|
47,137
|
|
|
Finance
lease assets |
|
Property,
plant and equipment, net |
|
|
52,934
|
|
|
|
41,758
|
|
|
Total
lease assets |
|
|
|
$
|
115,688
|
|
|
$
|
88,895
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
Operating
leases short term |
|
Accrued
expenses and other current liabilities |
|
$
|
16,183
|
|
|
$
|
12,728
|
|
|
Finance
leases short term |
|
Accrued
expenses and other current liabilities |
|
|
3,263
|
|
|
|
1,875
|
|
|
Operating
leases long term |
|
Operating
lease liabilities |
|
|
46,256
|
|
|
|
38,912
|
|
|
Finance
leases long term |
|
Finance
lease liabilities |
|
|
45,385
|
|
|
|
40,508
|
|
|
Total
lease liabilities |
|
|
|
$
|
111,087
|
|
|
$
|
94,023
|
|
|
| Schedule of Information Related to Operating Finance Leases |
The
following table presents certain information related to the operating and finance leases:
| |
|
Year
ended December 31, |
|
| |
|
2022
|
|
|
2021
|
|
|
Finance
leases: |
|
|
|
|
|
|
|
|
|
Finance
lease cost |
|
$
|
4,196
|
|
|
$
|
2,065
|
|
|
Weighted
average remaining lease term in years |
|
|
16.28
|
|
|
|
16.43
|
|
|
Weighted
average annual discount rate |
|
|
2.30
|
%
|
|
|
1.93
|
%
|
|
Operating
leases: |
|
|
|
|
|
|
|
|
|
Operating
lease cost |
|
$
|
15,901
|
|
|
$
|
14,890
|
|
|
Weighted
average remaining lease term in years |
|
|
8.33
|
|
|
|
10.25
|
|
|
Weighted
average annual discount rate |
|
|
2.17
|
%
|
|
|
1.68
|
%
|
|
| Schedule of Supplemental Cash Flow Information Related to Leases |
The
following table presents supplemental cash flows information related to the lease costs for operating and finance leases:
|
|
|
Year
ended December 31, |
|
|
|
|
2022
|
|
|
2021
|
|
Cash
paid for amounts included in measurement of lease liabilities: |
|
|
|
|
|
|
|
|
|
Operating
cash flows for operating leases |
|
$ |
16,343
|
|
|
$ |
14,890
|
|
Operating
cash flows for finance leases |
|
$ |
420
|
|
|
$ |
523
|
|
|
Financing
cash flows for finance leases |
|
$ |
2,834
|
|
|
$ |
1,293
|
|
| Schedule of Operating and Finance lease liabilities |
The
following table reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years of the operating
and finance lease liabilities recorded in the consolidated balance sheets:
| |
|
Operating
Leases
|
|
|
Finance
Leases
|
|
|
2023
|
|
$
|
16,330
|
|
|
$
|
3,298
|
|
|
2024
|
|
|
14,746
|
|
|
|
3,369
|
|
|
2025
|
|
|
7,338
|
|
|
|
3,539
|
|
|
2026
|
|
|
4,246
|
|
|
|
3,539
|
|
|
2027
|
|
|
3,285
|
|
|
|
4,083
|
|
|
Thereafter
|
|
|
22,085
|
|
|
|
40,445
|
|
|
Total
lease payments |
|
$ |
68,030
|
|
|
$ |
58,273
|
|
|
Less
amount of lease payments representing interest |
|
|
(5,591
|
)
|
|
|
(9,625
|
)
|
|
Present
value of future lease payments |
|
$ |
62,439
|
|
|
$ |
48,648
|
|
|
Less
current lease liabilities |
|
|
(16,183
|
)
|
|
|
(3,263
|
)
|
|
Long-term
lease liabilities |
|
$
|
46,256
|
|
|
$
|
45,385
|
|
|