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Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
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 |  |  |  |  | 2024 |  | 2023 |  | 2022
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost |  |  |  |  | $ | 12,924 |  |  | $ | 12,536 |  |  | $ | 11,939 |
Short-term operating lease cost |  |  |  |  | $ | 13,784 |  |  | $ | 12,223 |  |  | $ | 10,573 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  |  |  | $ | 34,424 |  |  | $ | 27,985 |  |  | $ | 21,571 |
Interest on lease liabilities |  |  |  |  | 4,844 |  |  | 3,762 |  |  | 5,084 |
Total finance lease cost |  |  |  |  | $ | 39,268 |  |  | $ | 31,747 |  |  | $ | 26,655 |
Supplemental cash flow information related to leases was as follows:
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2024 |  | 2023 |  | 2022
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  | $ | 26,709 |  |  | $ | 24,759 |  |  | $ | 22,511 |
Operating cash flows from finance leases |  |  |  |  | $ | 4,844 |  |  | $ | 3,762 |  |  | $ | 5,084 |
Financing cash flows from finance leases |  |  |  |  | $ | 24,524 |  |  | $ | 24,505 |  |  | $ | 31,316 |
Supplemental balance sheet information related to leases was as follows:
In thousands | December 31, 2024 |  | December 31, 2023
Operating Leases |  |  |
Other assets, non-current | $ | 23,913 |  |  | $ | 14,064 |
Accrued liabilities and other | 11,598 |  |  | 9,975 |
Other long-term liabilities | 14,797 |  |  | 6,340 |
Total operating lease liabilities | $ | 26,395 |  |  | $ | 16,315 |
Finance Leases |  |  |
Property and equipment, gross | $ | 170,144 |  |  | $ | 127,591 |
Accumulated depreciation | (63,278) |  |  | (37,612) |
Property and equipment, net | $ | 106,866 |  |  | $ | 89,979 |
Debt, current | $ | 31,380 |  |  | $ | 22,636 |
Debt, non-current | 73,620 |  |  | 52,558 |
Total finance lease liabilities | $ | 105,000 |  |  | $ | 75,194 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 2.12 |  | 2.03
Weighted-average remaining lease term - operating leases | 3.97 |  | 5.19
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 6.6 | % |  | 6.1 | %
Weighted-average discount rate - operating leases | 6.2 | % |  | 5.3 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of December 31, 2024 (In thousands) |  |  |
| Operating leases |  | Finance leases
2025 | $ | 11,841 |  |  | $ | 37,227 |
2026 | 10,196 |  |  | 28,132 |
2027 | 1,261 |  |  | 21,225 |
2028 | 954 |  |  | 23,040 |
2029 | 952 |  |  | 10,684 |
Thereafter | 4,625 |  |  | — |
Total | $ | 29,829 |  |  | $ | 120,308 |
Less: imputed interest | (3,434) |  |  | (15,308) |
Net lease obligation | $ | 26,395 |  |  | $ | 105,000 |
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 |  |  |  |  | 2024 |  | 2023 |  | 2022
Lease Cost |  |  |  |  |  |  |  |  |
Operating lease cost |  |  |  |  | $ | 12,924 |  |  | $ | 12,536 |  |  | $ | 11,939 |
Short-term operating lease cost |  |  |  |  | $ | 13,784 |  |  | $ | 12,223 |  |  | $ | 10,573 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  |  |  | $ | 34,424 |  |  | $ | 27,985 |  |  | $ | 21,571 |
Interest on lease liabilities |  |  |  |  | 4,844 |  |  | 3,762 |  |  | 5,084 |
Total finance lease cost |  |  |  |  | $ | 39,268 |  |  | $ | 31,747 |  |  | $ | 26,655 |
Supplemental cash flow information related to leases was as follows:
|  |  | Year ended December 31,
In thousands |  |  |  |  | 2024 |  | 2023 |  | 2022
Other Information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  | $ | 26,709 |  |  | $ | 24,759 |  |  | $ | 22,511 |
Operating cash flows from finance leases |  |  |  |  | $ | 4,844 |  |  | $ | 3,762 |  |  | $ | 5,084 |
Financing cash flows from finance leases |  |  |  |  | $ | 24,524 |  |  | $ | 24,505 |  |  | $ | 31,316 |
Supplemental balance sheet information related to leases was as follows:
In thousands | December 31, 2024 |  | December 31, 2023
Operating Leases |  |  |
Other assets, non-current | $ | 23,913 |  |  | $ | 14,064 |
Accrued liabilities and other | 11,598 |  |  | 9,975 |
Other long-term liabilities | 14,797 |  |  | 6,340 |
Total operating lease liabilities | $ | 26,395 |  |  | $ | 16,315 |
Finance Leases |  |  |
Property and equipment, gross | $ | 170,144 |  |  | $ | 127,591 |
Accumulated depreciation | (63,278) |  |  | (37,612) |
Property and equipment, net | $ | 106,866 |  |  | $ | 89,979 |
Debt, current | $ | 31,380 |  |  | $ | 22,636 |
Debt, non-current | 73,620 |  |  | 52,558 |
Total finance lease liabilities | $ | 105,000 |  |  | $ | 75,194 |
Weighted Average Remaining Lease Term |  |  |
Weighted-average remaining lease term - finance leases | 2.12 |  | 2.03
Weighted-average remaining lease term - operating leases | 3.97 |  | 5.19
Weighted Average Discount Rate |  |  |
Weighted-average discount rate - finance leases | 6.6 | % |  | 6.1 | %
Weighted-average discount rate - operating leases | 6.2 | % |  | 5.3 | %
Minimum future lease payments under finance and operating leases with terms longer than one year are as follows:
As of December 31, 2024 (In thousands) |  |  |
| Operating leases |  | Finance leases
2025 | $ | 11,841 |  |  | $ | 37,227 |
2026 | 10,196 |  |  | 28,132 |
2027 | 1,261 |  |  | 21,225 |
2028 | 954 |  |  | 23,040 |
2029 | 952 |  |  | 10,684 |
Thereafter | 4,625 |  |  | — |
Total | $ | 29,829 |  |  | $ | 120,308 |
Less: imputed interest | (3,434) |  |  | (15,308) |
Net lease obligation | $ | 26,395 |  |  | $ | 105,000 |

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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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