Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 273

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 273
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December 31, 2023Weighted-average remaining lease term (years)     Operating Leases6.056.77     Finance Leases2.33N/aWeighted-average discount rate     Operating Leases8.90 %8.5 %     Finance Leases9.90 %N/a

F-53

COMPASS DIVERSIFIED HOLDINGSNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Supplemental balance sheet information related to leases was as follows (in thousands):Line Item in the Company’s Consolidated Balance SheetDecember 31, 2024December 31, 2023Assets:   Operating lease right-of-use assetsOther non-current assets$191,639 $177,323    Finance lease right-of-use assetsOther non-current assets6,882 — $198,521 $177,323 Liabilities:   Operating lease liabilities - currentOther current liabilities$38,180 $28,997    Operating lease liabilities - non-currentOther non-current liabilities178,577 173,558    Finance lease liabilities - currentOther current liabilities42 —    Finance lease liabilities - non-currentOther non-current liabilities6,866 — $223,665 $202,555 Supplemental cash flow information related to leases was as follows (in thousands):Year ended December 31, 2024Year ended December 31, 2023Cash paid for amounts included in the measurement of lease liabilities:     Operating cash flows from operating leases$47,688 $39,806      Operating cash flows from finance leases447 —      Financing cash flows from finance leases21 — Right-of-use assets obtained in exchange for lease obligations:     Operating leases$27,477 $61,560      Finance leases6,883 — Legal ProceedingsIn the normal course of business, the Company and its subsidiaries are involved in various claims and legal proceedings. While the ultimate resolution of these matters has yet to be determined, the Company does not believe that any unfavorable outcomes will have a material adverse effect on the Company’s consolidated financial position or results of operations.

Exit Costs

During 2024, Arnold relocated two of its facilities located in Marengo, Illinois into one combined facility in Woodstock, Illinois. Arnold recorded $9.9 million in exit costs related to the move of which $9.3 million is recorded in selling, general and