Leases (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Leases [Abstract] |
|
| Components Of Operating And Finance Lease Cost |
The components of operating and finance lease cost for 2023, 2022 and 2021 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
Operating lease cost |
|
$ |
47,579 |
|
|
$ |
47,039 |
|
|
$ |
44,913 |
|
|
|
|
|
|
|
|
|
|
|
Finance lease cost: |
|
|
|
|
|
|
|
|
|
Amortization of right-of-use assets |
|
|
5,545 |
|
|
|
5,235 |
|
|
|
4,373 |
|
Interest on lease liabilities |
|
|
4,340 |
|
|
|
4,369 |
|
|
|
4,233 |
|
Total finance lease cost |
|
$ |
9,885 |
|
|
$ |
9,604 |
|
|
$ |
8,606 |
|
|
| Schedule of Supplemental Balance Sheet Information Related To Finance Leases |
Supplemental balance sheet information related to the Company’s finance leases as of December 31, 2023 and January 1, 2023 was as follows:
|
|
|
|
|
|
|
|
|
|
|
December 31,
2023 |
|
|
January 1,
2023 |
|
Land and buildings |
|
$ |
83,969 |
|
|
$ |
83,902 |
|
Equipment |
|
|
4,284 |
|
|
|
1,606 |
|
Finance lease assets |
|
|
88,253 |
|
|
|
85,508 |
|
Accumulated depreciation and amortization |
|
|
(24,159 |
) |
|
|
(19,405 |
) |
Finance lease assets, net |
|
$ |
64,094 |
|
|
$ |
66,103 |
|
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
4,778 |
|
|
$ |
3,313 |
|
Long-term debt, less current portion |
|
|
68,704 |
|
|
|
70,886 |
|
Total principal payable on finance leases |
|
$ |
73,482 |
|
|
$ |
74,199 |
|
As of December 31, 2023 and January 1, 2023, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
|
|
Operating |
|
|
Finance |
|
|
Operating |
|
|
Finance |
|
|
|
Leases |
|
|
Leases |
|
|
Leases |
|
|
Leases |
|
Weighted average remaining lease term |
|
7 years |
|
|
13 years |
|
|
7 years |
|
|
14 years |
|
Weighted average discount rate |
|
|
4.3 |
% |
|
|
6.1 |
% |
|
|
3.9 |
% |
|
|
6.0 |
% |
|
| Schedule Of Supplemental Cash Flow Information Related To Leases |
Supplemental cash flow information related to leases for 2023, 2022 and 2021 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
46,936 |
|
|
$ |
45,082 |
|
|
$ |
44,176 |
|
Operating cash flows from finance leases |
|
|
4,340 |
|
|
|
4,369 |
|
|
|
4,233 |
|
Financing cash flows from finance leases |
|
|
4,184 |
|
|
|
4,176 |
|
|
|
3,212 |
|
Cash paid for amounts included in the measurement of
financing obligation from sale leaseback: |
|
|
|
|
|
|
|
|
|
Operating cash flows from sale leaseback |
|
|
201 |
|
|
|
— |
|
|
|
— |
|
Financing cash flows from sale leaseback |
|
|
21 |
|
|
|
— |
|
|
|
— |
|
Right-of-use assets obtained in exchange for new lease obligations: |
|
|
|
|
|
|
|
|
|
Operating leases |
|
|
34,313 |
|
|
|
64,660 |
|
|
|
29,549 |
|
Finance leases |
|
|
3,842 |
|
|
|
478 |
|
|
|
18,991 |
|
|
| Schedule Of Maturities Of Operating And Finance Leases Liabilities |
Maturities of lease liabilities as of December 31, 2023 were as follows:
|
|
|
|
|
|
|
|
|
|
|
Operating |
|
|
Finance |
|
|
|
Leases |
|
|
Leases |
|
2024 |
|
$ |
49,267 |
|
|
$ |
8,954 |
|
2025 |
|
|
42,647 |
|
|
|
8,937 |
|
2026 |
|
|
41,130 |
|
|
|
9,555 |
|
2027 |
|
|
33,239 |
|
|
|
8,344 |
|
2028 |
|
|
26,278 |
|
|
|
7,214 |
|
Thereafter |
|
|
64,997 |
|
|
|
60,946 |
|
Total future minimum rental commitments |
|
|
257,558 |
|
|
|
103,950 |
|
Less, amounts representing interest |
|
|
(38,680 |
) |
|
|
(30,468 |
) |
Total lease liabilities |
|
$ |
218,878 |
|
|
$ |
73,482 |
|
|