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Leases | 12 Months Ended
--- | ---
Dec. 31, 2023
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 |  |  |  |  | 2023 |  | 2022 |  | 2021
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost |  |  |  |  | $ | 12,536 |  |  | $ | 11,939 |  |  | $ | 12,585 |
Short-term operating lease cost |  |  |  |  | $ | 12,223 |  |  | $ | 10,573 |  |  | $ | 11,219 |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  |  |  | $ | 27,985 |  |  | $ | 21,571 |  |  | $ | 21,685 |
Interest on lease liabilities |  |  |  |  | 3,762 |  |  | 5,084 |  |  | 4,632 |
Total finance lease cost |  |  |  |  | $ | 31,747 |  |  | $ | 26,655 |  |  | $ | 26,317 |
Supplemental cash flow information related to leases was as follows:
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2023 |  | 2022 |  | 2021
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  | $ | 24,759 |  |  | $ | 22,511 |  |  | $ | 24,009 |
Operating cash flows from finance leases |  |  |  |  | $ | 3,762 |  |  | $ | 5,084 |  |  | $ | 4,632 |
Financing cash flows from finance leases |  |  |  |  | $ | 24,505 |  |  | $ | 31,316 |  |  | $ | 31,544 |
Supplemental balance sheet information related to leases was as follows:
In thousands | December 31, 2023 |  | December 31, 2022
Operating Leases |  |  |
Other assets, non-current | $ | 14,064 |  |  | $ | 24,603 |
Accrued liabilities and other | 9,975 |  |  | 11,560 |
Other long-term liabilities | 6,340 |  |  | 14,946 |
Total operating lease liabilities | $ | 16,315 |  |  | $ | 26,506 |
Finance Leases |  |  |
Property and equipment, gross | $ | 127,591 |  |  | $ | 148,174 |
Accumulated depreciation | (37,612) |  |  | (80,336) |
Property and equipment, net | $ | 89,979 |  |  | $ | 67,838 |
Debt, current | $ | 22,636 |  |  | $ | 24,578 |
Debt, non-current | 52,558 |  |  | 42,143 |
Total finance lease liabilities | $ | 75,194 |  |  | $ | 66,721 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 2.03 |  | 1.76
Weighted-average remaining lease term - operating leases | 5.19 |  | 4.44
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 6.1 | % |  | 5.2 | %
Weighted-average discount rate - operating leases | 5.3 | % |  | 5.2 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of December 31, 2023 (In thousands) |  |  |
| Operating leases |  | Finance leases
2024 | $ | 10,075 |  |  | $ | 26,391 |
2025 | 817 |  |  | 24,465 |
2026 | 756 |  |  | 15,381 |
2027 | 890 |  |  | 8,474 |
2028 | 941 |  |  | 10,288 |
Thereafter | 5,576 |  |  | — |
Total | $ | 19,055 |  |  | $ | 84,999 |
Less: imputed interest | (2,740) |  |  | (9,805) |
Net lease obligation | $ | 16,315 |  |  | $ | 75,194 |
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 |  |  |  |  | 2023 |  | 2022 |  | 2021
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost |  |  |  |  | $ | 12,536 |  |  | $ | 11,939 |  |  | $ | 12,585 |
Short-term operating lease cost |  |  |  |  | $ | 12,223 |  |  | $ | 10,573 |  |  | $ | 11,219 |
Finance Lease Cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  |  |  | $ | 27,985 |  |  | $ | 21,571 |  |  | $ | 21,685 |
Interest on lease liabilities |  |  |  |  | 3,762 |  |  | 5,084 |  |  | 4,632 |
Total finance lease cost |  |  |  |  | $ | 31,747 |  |  | $ | 26,655 |  |  | $ | 26,317 |
Supplemental cash flow information related to leases was as follows:
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2023 |  | 2022 |  | 2021
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  | $ | 24,759 |  |  | $ | 22,511 |  |  | $ | 24,009 |
Operating cash flows from finance leases |  |  |  |  | $ | 3,762 |  |  | $ | 5,084 |  |  | $ | 4,632 |
Financing cash flows from finance leases |  |  |  |  | $ | 24,505 |  |  | $ | 31,316 |  |  | $ | 31,544 |
Supplemental balance sheet information related to leases was as follows:
In thousands | December 31, 2023 |  | December 31, 2022
Operating Leases |  |  |
Other assets, non-current | $ | 14,064 |  |  | $ | 24,603 |
Accrued liabilities and other | 9,975 |  |  | 11,560 |
Other long-term liabilities | 6,340 |  |  | 14,946 |
Total operating lease liabilities | $ | 16,315 |  |  | $ | 26,506 |
Finance Leases |  |  |
Property and equipment, gross | $ | 127,591 |  |  | $ | 148,174 |
Accumulated depreciation | (37,612) |  |  | (80,336) |
Property and equipment, net | $ | 89,979 |  |  | $ | 67,838 |
Debt, current | $ | 22,636 |  |  | $ | 24,578 |
Debt, non-current | 52,558 |  |  | 42,143 |
Total finance lease liabilities | $ | 75,194 |  |  | $ | 66,721 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 2.03 |  | 1.76
Weighted-average remaining lease term - operating leases | 5.19 |  | 4.44
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 6.1 | % |  | 5.2 | %
Weighted-average discount rate - operating leases | 5.3 | % |  | 5.2 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of December 31, 2023 (In thousands) |  |  |
| Operating leases |  | Finance leases
2024 | $ | 10,075 |  |  | $ | 26,391 |
2025 | 817 |  |  | 24,465 |
2026 | 756 |  |  | 15,381 |
2027 | 890 |  |  | 8,474 |
2028 | 941 |  |  | 10,288 |
Thereafter | 5,576 |  |  | — |
Total | $ | 19,055 |  |  | $ | 84,999 |
Less: imputed interest | (2,740) |  |  | (9,805) |
Net lease obligation | $ | 16,315 |  |  | $ | 75,194 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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