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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | NOTE 13: LEASES Lease costs consist of the following:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Finance lease expense |  |  |  |  |  |  |  |  |
Amortization |  | $ | 1,392 |  |  | $ | 1,377 |  |  | $ | 1,374 |
Interest expense |  |  | 867 |  |  |  | 939 |  |  |  | 986 |
Operating lease expense |  |  | 31,641 |  |  |  | 30,311 |  |  |  | 28,802 |
Short term lease expense |  |  | 1,276 |  |  |  | 1,978 |  |  |  | 2,072 |
|  | $ | 35,176 |  |  | $ | 34,605 |  |  | $ | 33,234 |
The impact of leasing on the Consolidated Balance Sheets consists of the following:
|  | Classification on the |  | Year Ended December 31, |
|  | Consolidated Balance Sheets |  | 2024 |  |  | 2023 |
|  |  |  | (in thousands) |
Assets |  |  |  |  |  |  |  |
Finance lease assets |  | Property, plant and equipment, net |  | $ | 20,262 |  |  | $ | 21,543 |
Operating lease assets |  | Operating lease right of use asset, net |  |  | 172,206 |  |  |  | 168,513 |
Total lease assets |  |  |  | $ | 192,468 |  |  | $ | 190,056 |
Current liabilities |  |  |  |  |  |  |  |
Finance lease liabilities |  | Current portion of long-term debt |  | $ | 835 |  |  | $ | 837 |
Operating lease liabilities |  | Operating lease liabilities |  |  | 17,663 |  |  |  | 17,040 |
Non-current liabilities |  |  |  |  |  |  |  |
Finance lease liabilities |  | Long-term debt |  |  | 17,540 |  |  |  | 19,423 |
Operating lease liabilities |  | Long-term operating lease liabilities |  |  | 164,224 |  |  |  | 159,482 |
Total lease liabilities |  |  |  | $ | 200,262 |  |  | $ | 196,782 |
Supplemental cash flow information related to leases consisted of the following:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Cash paid for amounts included in measurement of liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 29,863 |  |  | $ | 26,874 |
Operating cash flows from finance leases |  |  | 867 |  |  |  | 939 |
Financing cash flows from finance leases |  |  | 830 |  |  |  | 807 |
Right of use assets obtained in exchange for lease liabilities: |  |  |  |  |  |
Operating lease right of use asset |  |  | 25,495 |  |  |  | 4,530 |
Future minimum operating lease payments consist of the following for the twelve months ending December 31:
|  | Operating Leases |
|  | (in thousands) |
2025 |  | $ | 28,376 |
2026 |  |  | 23,939 |
2027 |  |  | 22,403 |
2028 |  |  | 21,937 |
2029 |  |  | 19,361 |
Thereafter |  |  | 170,073 |
Total future minimum payments |  |  | 286,089 |
Less imputed interest |  |  | 104,202 |
Present value of minimum payments |  | $ | 181,887 |
Weighted average remaining lease term and borrowing rate consisted of the following:
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Operating Leases |  |  | Finance Leases |  |  | Operating Leases |  |  | Finance Leases |
Weighted average remaining lease term (in years) |  |  | 16.0 |  |  |  | 19.5 |  |  |  | 16.4 |  |  |  | 20.3 |
Weighted average borrowing rate |  |  | 6.2 | % |  |  | 4.7 | % |  |  | 5.8 | % |  |  | 4.7 | %

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- Definition Leases disclosure. + References No definition available. + Details
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Namespace Prefix: | saro_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration