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v3.22.4

Leases | 12 Months Ended
--- | ---
Dec. 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.
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2022 |  | 2021 |  | 2020
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost |  |  |  |  | $ | 11,939 |  |  | $ | 12,585 |  |  | $ | 12,036 |
Short-term operating lease cost |  |  |  |  | $ | 10,573 |  |  | $ | 11,219 |  |  | $ | 8,055 |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  |  |  | $ | 21,571 |  |  | $ | 21,685 |  |  | $ | 23,921 |
Interest on lease liabilities |  |  |  |  | 5,084 |  |  | 4,632 |  |  | 3,634 |
Total finance lease cost |  |  |  |  | $ | 26,655 |  |  | $ | 26,317 |  |  | $ | 27,555 |
Supplemental cash flow information related to leases was as follows:
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2022 |  | 2021 |  | 2020
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  | $ | 22,511 |  |  | $ | 24,009 |  |  | $ | 21,348 |
Operating cash flows from finance leases |  |  |  |  | 5,084 |  |  | $ | 4,632 |  |  | $ | 3,634 |
Financing cash flows from finance leases |  |  |  |  | $ | 31,316 |  |  | $ | 31,544 |  |  | $ | 25,984 |
Supplemental balance sheet information related to leases was as follows:
In thousands | December 31, 2022 |  | December 31, 2021
Operating Leases |  |  |
Other assets, non-current | $ | 24,603 |  |  | $ | 30,987 |
Accrued liabilities and other | 11,560 |  |  | 11,301 |
Other long-term liabilities | 14,946 |  |  | 18,660 |
Total operating lease liabilities | $ | 26,506 |  |  | $ | 29,961 |
Finance Leases |  |  |
Property and equipment, gross | $ | 148,174 |  |  | $ | 115,597 |
Accumulated depreciation | (80,336) |  |  | (63,879) |
Property and equipment, net | $ | 67,838 |  |  | $ | 51,718 |
Debt, current | $ | 24,578 |  |  | $ | 29,821 |
Debt, non-current | 42,143 |  |  | 24,407 |
Total finance lease liabilities | $ | 66,721 |  |  | $ | 54,228 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.76 |  | 1.62
Weighted-average remaining lease term - operating leases | 4.44 |  | 3.17
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.21 | % |  | 5.08 | %
Weighted-average discount rate - operating leases | 5.24 | % |  | 5.20 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of December 31, 2022 (In thousands) |  |  |
| Operating leases |  | Finance leases
2023 | $ | 11,869 |  |  | $ | 25,999 |
2024 | 9,710 |  |  | 19,452 |
2025 | 696 |  |  | 16,839 |
2026 | 713 |  |  | 8,429 |
2027 | 847 |  |  | 1,821 |
Thereafter | 6,503 |  |  | — |
Total | $ | 30,338 |  |  | $ | 72,540 |
Less: imputed interest | (3,832) |  |  | (5,819) |
Net lease obligation | $ | 26,506 |  |  | $ | 66,721 |
Leases | LEASES Right of Use Assets and Liabilities The following table summarizes quantitative information pertaining to the Company’s finance and operating leases.
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2022 |  | 2021 |  | 2020
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost |  |  |  |  | $ | 11,939 |  |  | $ | 12,585 |  |  | $ | 12,036 |
Short-term operating lease cost |  |  |  |  | $ | 10,573 |  |  | $ | 11,219 |  |  | $ | 8,055 |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  |  |  | $ | 21,571 |  |  | $ | 21,685 |  |  | $ | 23,921 |
Interest on lease liabilities |  |  |  |  | 5,084 |  |  | 4,632 |  |  | 3,634 |
Total finance lease cost |  |  |  |  | $ | 26,655 |  |  | $ | 26,317 |  |  | $ | 27,555 |
Supplemental cash flow information related to leases was as follows:
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2022 |  | 2021 |  | 2020
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  | $ | 22,511 |  |  | $ | 24,009 |  |  | $ | 21,348 |
Operating cash flows from finance leases |  |  |  |  | 5,084 |  |  | $ | 4,632 |  |  | $ | 3,634 |
Financing cash flows from finance leases |  |  |  |  | $ | 31,316 |  |  | $ | 31,544 |  |  | $ | 25,984 |
Supplemental balance sheet information related to leases was as follows:
In thousands | December 31, 2022 |  | December 31, 2021
Operating Leases |  |  |
Other assets, non-current | $ | 24,603 |  |  | $ | 30,987 |
Accrued liabilities and other | 11,560 |  |  | 11,301 |
Other long-term liabilities | 14,946 |  |  | 18,660 |
Total operating lease liabilities | $ | 26,506 |  |  | $ | 29,961 |
Finance Leases |  |  |
Property and equipment, gross | $ | 148,174 |  |  | $ | 115,597 |
Accumulated depreciation | (80,336) |  |  | (63,879) |
Property and equipment, net | $ | 67,838 |  |  | $ | 51,718 |
Debt, current | $ | 24,578 |  |  | $ | 29,821 |
Debt, non-current | 42,143 |  |  | 24,407 |
Total finance lease liabilities | $ | 66,721 |  |  | $ | 54,228 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 1.76 |  | 1.62
Weighted-average remaining lease term - operating leases | 4.44 |  | 3.17
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 5.21 | % |  | 5.08 | %
Weighted-average discount rate - operating leases | 5.24 | % |  | 5.20 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of December 31, 2022 (In thousands) |  |  |
| Operating leases |  | Finance leases
2023 | $ | 11,869 |  |  | $ | 25,999 |
2024 | 9,710 |  |  | 19,452 |
2025 | 696 |  |  | 16,839 |
2026 | 713 |  |  | 8,429 |
2027 | 847 |  |  | 1,821 |
Thereafter | 6,503 |  |  | — |
Total | $ | 30,338 |  |  | $ | 72,540 |
Less: imputed interest | (3,832) |  |  | (5,819) |
Net lease obligation | $ | 26,506 |  |  | $ | 66,721 |

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