Table of Content Liquidity As of December 31, 2023, we had $30.4 million of unrestricted cash and cash equivalents and $5.0 million of restricted cash including $3.4 million of restricted cash held as collateral for letters of credit and commercial card programs. International cash balances as of December 31, 2023 were $12.0 million, and approximately $0.6 million of such cash is located in countries where currency or regulatory restrictions exist. As of December 31, 2023, we had approximately $31.3 million of availability under our various credit facilities, consisting of $21.3 million available under the Revolving Credit Loans and $10.0 million available under the Incremental Delayed Draw Term Loan under the A&R Term Loan Credit Agreement. We had $35.7 million in letters of credit and $2.5 million in surety bonds outstanding and an additional $2.1 million in miscellaneous cash deposits securing leases or other required obligations. Our cash and cash equivalents as of December 31, 2022 totaled $58.1 million, of which $7.0 million was restricted, including $4.6 million of restricted cash held as collateral for letters of credit and commercial card programs. Additionally, $16.3 million of the $58.1 million of cash and cash equivalents was in foreign accounts, primarily in Europe, Canada and Australia including $1.4 million of cash located in countries where currency or regulatory restrictions exist. 12. LEASES We determine if an arrangement is a lease at inception. Operating leases are included in "Operating lease right-of-use (‘ROU’) assets”, "current portion of operating lease obligations” and "operating lease obligations” on our consolidated balance sheets. Finance leases are included in "property, plant and equipment, net”, "current portion of long- term debt and finance lease obligations” and "long-term debt and finance lease obligations” on our consolidated balance sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Variable lease payments and short-term lease payments (leases with initial terms less than twelve months) are expensed as incurred. We have lease agreements with lease and non-lease components for certain equipment, office, and vehicle leases. We have elected the practical expedient to not separate lease and non-lease components and account for both as a single lease component. We have operating and finance leases primarily for equipment, real estate, and vehicles. Some of our leases include options to extend the leases for up to 10 years, and some may include options to terminate the leases within 1 year. The components of lease expense are as follows (in thousands): December 31, 2023 2022 Operating lease costs $ 24,605 $ 25,116 Variable lease costs 5,198 5,346 Finance lease costs: Amortization of right-of-use assets 1,182 765 Interest on lease liabilities 462 421 Total lease cost $ 31,447 $ 31,648 Lease cost - discontinued operations $ — $ 841 $ 31,447 $ 30,807 Lease cost - continuing operations 55