10-K FY 2022 FINAL MOOG Inc - Flipbook - Page 57
Table of Contents
The components of lease expense were as follows:
2022
Operating lease cost
2021
2020
$
28,670
$
30,353
$
27,493
$
2,884
$
2,282
$
1,175
$
3,018
$
1,542
Finance lease cost:
Amortization of right-of-use assets
Interest on lease liabilities
1,057
Total finance lease cost
$
3,941
736
367
Supplemental cash flow information related to leases was as follows:
2022
2021
2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow for operating leases
$
28,914
$
29,926
$
24,218
Operating cash flow for finance leases
1,057
736
367
Financing cash flow for finance leases
2,524
2,156
1,167
Operating leases
24,659
9,426
13,738
Finance leases
12,238
5,558
11,166
Assets obtained in exchange for lease obligations:
Supplemental balance sheet information related to leases was as follows:
October 1,
2022
October 2,
2021
Operating Leases
Operating lease right-of-use assets
$
69,072
$
60,355
Accrued liabilities and other
$
13,002
$
14,176
Other long-term liabilities
66,167
Total operating lease liabilities
57,277
$
79,169
$
71,453
$
30,614
$
19,861
Finance Leases
Property, plant, and equipment, at cost
Accumulated depreciation
(5,606)
(3,375)
Property, plant, and equipment, net
$
25,008
$
16,486
Accrued liabilities and other
$
3,244
$
2,014
Other long-term liabilities
23,529
Total finance lease liabilities
$
26,773
15,904
$
17,918
Weighted average remaining lease term in years
Operating leases
7.7
7.4
16.7
15.5
Operating leases
5.0 %
4.7 %
Finance leases
4.8 %
5.0 %
Finance leases
Weighted average discount rate
57