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v3.25.1

Leases | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Leases | NOTE 9: LEASES Lease costs consist of the following:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
|  | (in thousands) |
Finance lease expense |  |  |  |  |  |
Amortization |  | $ | 344 |  |  | $ | 345 |
Interest expense |  |  | 259 |  |  |  | 256 |
Operating lease expense |  |  | 7,685 |  |  |  | 7,205 |
Short term lease expense |  |  | 452 |  |  |  | 364 |
|  | $ | 8,740 |  |  | $ | 8,170 |
The impact of leasing on the Consolidated Balance Sheets consists of the following:
|  | Classification on the |  |  |
|  | Consolidated Balance Sheets |  | March 31, 2025 |  |  | December 31, 2024 |
|  |  |  | (in thousands) |
Assets |  |  |  |  |  |  |  |
Finance lease assets |  | Property, plant and equipment, net |  | $ | 19,919 |  |  | $ | 20,262 |
Operating lease assets |  | Operating lease right of use asset, net |  |  | 168,918 |  |  |  | 172,206 |
Total lease assets |  |  |  | $ | 188,837 |  |  | $ | 192,468 |
Current liabilities |  |  |  |  |  |  |  |
Finance lease liabilities |  | Current portion of long-term debt |  | $ | 833 |  |  | $ | 835 |
Operating lease liabilities |  | Operating lease liabilities |  |  | 17,003 |  |  |  | 17,663 |
Non-current liabilities |  |  |  |  |  |  |  |
Finance lease liabilities |  | Long-term debt |  |  | 17,467 |  |  |  | 17,540 |
Operating lease liabilities |  | Long-term operating lease liabilities |  |  | 161,790 |  |  |  | 164,224 |
Total lease liabilities |  |  |  | $ | 197,093 |  |  | $ | 200,262 |
Supplemental cash flow information related to leases consisted of the following:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
|  | (in thousands) |
Cash paid for amounts included in measurement of liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 7,487 |  |  | $ | 6,970 |
Operating cash flows from finance leases |  |  | 259 |  |  |  | 233 |
Financing cash flows from finance leases |  |  | 225 |  |  |  | 207 |
Right of use assets obtained in exchange for lease liabilities: |  |  |  |  |  |
Operating lease right of use asset |  |  | 1,430 |  |  |  | 764 |
Finance lease asset |  |  | — |  |  |  | 111 |
Future minimum operating lease payments consist of the following for the twelve months ending December 31:
|  | Operating Leases |
|  | (in thousands) |
2025 (excluding the three months ended March 31, 2025) |  | $ | 21,111 |
2026 |  |  | 24,215 |
2027 |  |  | 22,680 |
2028 |  |  | 22,214 |
2029 |  |  | 19,636 |
Thereafter |  |  | 171,040 |
Total future minimum payments |  |  | 280,896 |
Less imputed interest |  |  | 102,103 |
Present value of minimum payments |  | $ | 178,793 |
Weighted average remaining lease term and borrowing rate consisted of the following:
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | Operating Leases |  |  | Finance Leases |  |  | Operating Leases |  |  | Finance Leases |
Weighted average remaining lease term (in years) |  |  | 16.0 |  |  |  | 19.3 |  |  |  | 16.0 |  |  |  | 19.5 |
Weighted average borrowing rate |  |  | 6.2 | % |  |  | 4.7 | % |  |  | 6.2 | % |  |  | 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
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration