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v3.22.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2022
Leases [Abstract] |
Leases | LEASES Right of Use Assets and Liabilities The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.
| Three months ended March 31, |  |
In thousands | 2022 |  | 2021 |  |  |  |  |  |
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost | $ | 3,016 |  |  | $ | 3,151 |  |  |  |  |  |  |
Short-term operating lease cost | $ | 2,608 |  |  | $ | 3,045 |  |  |  |  |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets | $ | 5,207 |  |  | $ | 5,888 |  |  |  |  |  |  |
Interest on lease liabilities | 1,221 |  |  | 589 |  |  |  |  |  |  |
Total finance lease cost | $ | 6,428 |  |  | $ | 6,477 |  |  |  |  |  |  |
Supplemental cash flow information related to leases was as follows:
| Three months ended March 31, |  |
In thousands | 2022 |  | 2021 |  |  |  |  |  |
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 5,624 |  |  | $ | 6,401 |  |  |  |  |  |  |
Operating cash flows from finance leases | $ | 1,221 |  |  | $ | 589 |  |  |  |  |  |  |
Financing cash flows from finance leases | $ | 8,239 |  |  | $ | 5,663 |  |  |  |  |  |  |
Supplemental balance sheet information related to leases was as follows:
In thousands | March 31, 2022 |  | December 31, 2021
Operating Leases |  |  |
Other assets, non-current | $ | 28,369 |  |  | $ | 30,987 |
Accrued liabilities and other | 11,101 |  |  | 11,301 |
Other long-term liabilities | 16,304 |  |  | 18,660 |
Total operating lease liabilities | $ | 27,405 |  |  | $ | 29,961 |
Finance Leases |  |  |
Property and equipment, gross | $ | 124,996 |  |  | $ | 115,597 |
Accumulated depreciation | (64,722) |  |  | (63,879) |
Property and equipment, net | $ | 60,274 |  |  | $ | 51,718 |
Debt, current | $ | 29,620 |  |  | $ | 29,821 |
Debt, non-current | 32,360 |  |  | 24,407 |
Total finance lease liabilities | $ | 61,980 |  |  | $ | 54,228 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.86 |  | 1.62
Weighted-average remaining lease term - operating leases | 2.97 |  | 3.17
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.03 | % |  | 5.08 | %
Weighted-average discount rate - operating leases | 5.20 | % |  | 5.20 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of March 31, 2022 (In thousands) |  |  |
| Operating leases |  | Finance leases
2022 | $ | 8,664 |  |  | $ | 21,022 |
2023 | 10,868 |  |  | 19,304 |
2024 | 8,812 |  |  | 11,713 |
2025 | 213 |  |  | 10,164 |
2026 | 220 |  |  | 5,614 |
Thereafter | 945 |  |  | 1,135 |
Total | $ | 29,722 |  |  | $ | 68,952 |
Less: imputed interest | (2,317) |  |  | (6,972) |
Net lease obligation | $ | 27,405 |  |  | $ | 61,980 |
Leases | LEASES Right of Use Assets and Liabilities The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.
| Three months ended March 31, |  |
In thousands | 2022 |  | 2021 |  |  |  |  |  |
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost | $ | 3,016 |  |  | $ | 3,151 |  |  |  |  |  |  |
Short-term operating lease cost | $ | 2,608 |  |  | $ | 3,045 |  |  |  |  |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets | $ | 5,207 |  |  | $ | 5,888 |  |  |  |  |  |  |
Interest on lease liabilities | 1,221 |  |  | 589 |  |  |  |  |  |  |
Total finance lease cost | $ | 6,428 |  |  | $ | 6,477 |  |  |  |  |  |  |
Supplemental cash flow information related to leases was as follows:
| Three months ended March 31, |  |
In thousands | 2022 |  | 2021 |  |  |  |  |  |
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 5,624 |  |  | $ | 6,401 |  |  |  |  |  |  |
Operating cash flows from finance leases | $ | 1,221 |  |  | $ | 589 |  |  |  |  |  |  |
Financing cash flows from finance leases | $ | 8,239 |  |  | $ | 5,663 |  |  |  |  |  |  |
Supplemental balance sheet information related to leases was as follows:
In thousands | March 31, 2022 |  | December 31, 2021
Operating Leases |  |  |
Other assets, non-current | $ | 28,369 |  |  | $ | 30,987 |
Accrued liabilities and other | 11,101 |  |  | 11,301 |
Other long-term liabilities | 16,304 |  |  | 18,660 |
Total operating lease liabilities | $ | 27,405 |  |  | $ | 29,961 |
Finance Leases |  |  |
Property and equipment, gross | $ | 124,996 |  |  | $ | 115,597 |
Accumulated depreciation | (64,722) |  |  | (63,879) |
Property and equipment, net | $ | 60,274 |  |  | $ | 51,718 |
Debt, current | $ | 29,620 |  |  | $ | 29,821 |
Debt, non-current | 32,360 |  |  | 24,407 |
Total finance lease liabilities | $ | 61,980 |  |  | $ | 54,228 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.86 |  | 1.62
Weighted-average remaining lease term - operating leases | 2.97 |  | 3.17
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.03 | % |  | 5.08 | %
Weighted-average discount rate - operating leases | 5.20 | % |  | 5.20 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of March 31, 2022 (In thousands) |  |  |
| Operating leases |  | Finance leases
2022 | $ | 8,664 |  |  | $ | 21,022 |
2023 | 10,868 |  |  | 19,304 |
2024 | 8,812 |  |  | 11,713 |
2025 | 213 |  |  | 10,164 |
2026 | 220 |  |  | 5,614 |
Thereafter | 945 |  |  | 1,135 |
Total | $ | 29,722 |  |  | $ | 68,952 |
Less: imputed interest | (2,317) |  |  | (6,972) |
Net lease obligation | $ | 27,405 |  |  | $ | 61,980 |

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