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v3.22.2.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, |  | Nine months ended September 30,
In thousands | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost | $ | 2,906 |  |  | $ | 3,180 |  |  | $ | 8,800 |  |  | $ | 9,437 |  |  |
Short-term operating lease cost | $ | 2,185 |  |  | $ | 2,441 |  |  | $ | 7,636 |  |  | $ | 7,614 |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets | $ | 5,521 |  |  | $ | 5,141 |  |  | $ | 15,889 |  |  | $ | 16,068 |  |  |
Interest on lease liabilities | $ | 1,341 |  |  | 1,833 |  |  | 3,916 |  |  | 3,441 |  |  |
Total finance lease cost | $ | 6,862 |  |  | $ | 6,974 |  |  | $ | 19,805 |  |  | $ | 19,509 |  |  |
Supplemental cash flow information related to leases was as follows:
| Three months ended September 30, |  | Nine months ended September 30,
In thousands | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 5,091 |  |  | $ | 5,621 |  |  | $ | 16,437 |  |  | $ | 17,256 |  |  |
Operating cash flows from finance leases | $ | 1,341 |  |  | $ | 1,833 |  |  | 3,916 |  |  | $ | 3,441 |  |  |
Financing cash flows from finance leases | $ | 8,210 |  |  | $ | 7,944 |  |  | $ | 24,118 |  |  | $ | 22,970 |  |  |
Supplemental balance sheet information related to leases was as follows:
In thousands | September 30, 2022 |  | December 31, 2021
Operating Leases |  |  |
Other assets, non-current | $ | 23,819 |  |  | $ | 30,987 |
Accrued liabilities and other | 11,109 |  |  | 11,301 |
Other long-term liabilities | 11,700 |  |  | 18,660 |
Total operating lease liabilities | $ | 22,809 |  |  | $ | 29,961 |
Finance Leases |  |  |
Property and equipment, gross | $ | 143,733 |  |  | $ | 115,597 |
Accumulated depreciation | (75,691) |  |  | (63,879) |
Property and equipment, net | $ | 68,042 |  |  | $ | 51,718 |
Debt, current | $ | 26,417 |  |  | $ | 29,821 |
Debt, non-current | 40,285 |  |  | 24,407 |
Total finance lease liabilities | $ | 66,702 |  |  | $ | 54,228 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.80 |  | 1.62
Weighted-average remaining lease term - operating leases | 2.53 |  | 3.17
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.17 | % |  | 5.08 | %
Weighted-average discount rate - operating leases | 5.21 | % |  | 5.20 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of September 30, 2022 (In thousands) |  |  |
| Operating leases |  | Finance leases
2022 | $ | 2,917 |  |  | $ | 7,076 |
2023 | 11,137 |  |  | 24,383 |
2024 | 8,952 |  |  | 17,452 |
2025 | 214 |  |  | 14,839 |
2026 | 220 |  |  | 7,443 |
Thereafter | 946 |  |  | 1,373 |
Total | $ | 24,386 |  |  | $ | 72,566 |
Less: imputed interest | (1,577) |  |  | (5,864) |
Net lease obligation | $ | 22,809 |  |  | $ | 66,702 |
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 September 30, |  | Nine months ended September 30,
In thousands | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost | $ | 2,906 |  |  | $ | 3,180 |  |  | $ | 8,800 |  |  | $ | 9,437 |  |  |
Short-term operating lease cost | $ | 2,185 |  |  | $ | 2,441 |  |  | $ | 7,636 |  |  | $ | 7,614 |  |  |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets | $ | 5,521 |  |  | $ | 5,141 |  |  | $ | 15,889 |  |  | $ | 16,068 |  |  |
Interest on lease liabilities | $ | 1,341 |  |  | 1,833 |  |  | 3,916 |  |  | 3,441 |  |  |
Total finance lease cost | $ | 6,862 |  |  | $ | 6,974 |  |  | $ | 19,805 |  |  | $ | 19,509 |  |  |
Supplemental cash flow information related to leases was as follows:
| Three months ended September 30, |  | Nine months ended September 30,
In thousands | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 5,091 |  |  | $ | 5,621 |  |  | $ | 16,437 |  |  | $ | 17,256 |  |  |
Operating cash flows from finance leases | $ | 1,341 |  |  | $ | 1,833 |  |  | 3,916 |  |  | $ | 3,441 |  |  |
Financing cash flows from finance leases | $ | 8,210 |  |  | $ | 7,944 |  |  | $ | 24,118 |  |  | $ | 22,970 |  |  |
Supplemental balance sheet information related to leases was as follows:
In thousands | September 30, 2022 |  | December 31, 2021
Operating Leases |  |  |
Other assets, non-current | $ | 23,819 |  |  | $ | 30,987 |
Accrued liabilities and other | 11,109 |  |  | 11,301 |
Other long-term liabilities | 11,700 |  |  | 18,660 |
Total operating lease liabilities | $ | 22,809 |  |  | $ | 29,961 |
Finance Leases |  |  |
Property and equipment, gross | $ | 143,733 |  |  | $ | 115,597 |
Accumulated depreciation | (75,691) |  |  | (63,879) |
Property and equipment, net | $ | 68,042 |  |  | $ | 51,718 |
Debt, current | $ | 26,417 |  |  | $ | 29,821 |
Debt, non-current | 40,285 |  |  | 24,407 |
Total finance lease liabilities | $ | 66,702 |  |  | $ | 54,228 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.80 |  | 1.62
Weighted-average remaining lease term - operating leases | 2.53 |  | 3.17
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.17 | % |  | 5.08 | %
Weighted-average discount rate - operating leases | 5.21 | % |  | 5.20 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of September 30, 2022 (In thousands) |  |  |
| Operating leases |  | Finance leases
2022 | $ | 2,917 |  |  | $ | 7,076 |
2023 | 11,137 |  |  | 24,383 |
2024 | 8,952 |  |  | 17,452 |
2025 | 214 |  |  | 14,839 |
2026 | 220 |  |  | 7,443 |
Thereafter | 946 |  |  | 1,373 |
Total | $ | 24,386 |  |  | $ | 72,566 |
Less: imputed interest | (1,577) |  |  | (5,864) |
Net lease obligation | $ | 22,809 |  |  | $ | 66,702 |

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