XML 34 R18.htm IDEA: XBRL DOCUMENT v3.22.2
Lease Obligations
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease Obligations
11.LEASE OBLIGATIONS
    The Company has operating and finance leases primarily for construction and transportation equipment, as well as office space. The Company’s leases have remaining lease terms of one month to ten years, some of which include options to extend the leases for up to ten years.
    The components of lease expense are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Operating lease cost$5,452 $1,510 $8,145 $3,022 
Short-term lease cost$3,180 $2,911 $6,348 $5,035 
Finance lease cost:
Amortization of right-of-use assets$36 $46 $77 $96 
Interest on lease liabilities3 5 7 11 
Total finance lease cost$39 $51 $84 $107 
    Supplemental cash flow information related to leases is as follows:
Six Months Ended June 30,
Cash paid for amounts included in the measurement of lease liabilities:20222021
Operating cash flows from operating leases$8,311 $2,980 
Operating cash flows from finance leases$7 $11 
Financing cash flows from finance leases$77 $96 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$30,192 $3,496 
Finance leases$— $— 
    Supplemental balance sheet information related to leases is as follows:
Operating LeasesJune 30,
2022		December 31,
2021
Operating lease right-of-use assets$46,628 $24,520 
Current portion of long-term lease obligations$12,582 $8,841 
Long-term lease obligations34,103 15,831 
Total operating lease liabilities$46,685 $24,672 
Finance Leases
Property and equipment, at cost$1,479 $1,479 
Accumulated depreciation(987)(907)
Property and equipment, net$492 $572 
Current maturities of long-term debt$144 $148 
Long-term debt151 224 
Total finance lease liabilities$295 $372 
Weighted Average Remaining Lease Term
Operating leases5.05.4
Finance leases2.02.5
Weighted Average Discount Rate
Operating leases5.0 %5.0 %
Finance leases4.3 %4.3 %
    Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
Leases		Finance
Leases
2022 (excluding the six months ended June 30, 2022)$6,741 $77 
202313,091 154 
202411,111 77 
20258,377 — 
20265,093 — 
20272,163 — 
Thereafter6,391 — 
Total lease payments$52,967 $308 
Less imputed interest(6,282)(13)
Total$46,685 $295 
Lease Obligations
11.LEASE OBLIGATIONS
    The Company has operating and finance leases primarily for construction and transportation equipment, as well as office space. The Company’s leases have remaining lease terms of one month to ten years, some of which include options to extend the leases for up to ten years.
    The components of lease expense are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Operating lease cost$5,452 $1,510 $8,145 $3,022 
Short-term lease cost$3,180 $2,911 $6,348 $5,035 
Finance lease cost:
Amortization of right-of-use assets$36 $46 $77 $96 
Interest on lease liabilities3 5 7 11 
Total finance lease cost$39 $51 $84 $107 
    Supplemental cash flow information related to leases is as follows:
Six Months Ended June 30,
Cash paid for amounts included in the measurement of lease liabilities:20222021
Operating cash flows from operating leases$8,311 $2,980 
Operating cash flows from finance leases$7 $11 
Financing cash flows from finance leases$77 $96 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$30,192 $3,496 
Finance leases$— $— 
    Supplemental balance sheet information related to leases is as follows:
Operating LeasesJune 30,
2022		December 31,
2021
Operating lease right-of-use assets$46,628 $24,520 
Current portion of long-term lease obligations$12,582 $8,841 
Long-term lease obligations34,103 15,831 
Total operating lease liabilities$46,685 $24,672 
Finance Leases
Property and equipment, at cost$1,479 $1,479 
Accumulated depreciation(987)(907)
Property and equipment, net$492 $572 
Current maturities of long-term debt$144 $148 
Long-term debt151 224 
Total finance lease liabilities$295 $372 
Weighted Average Remaining Lease Term
Operating leases5.05.4
Finance leases2.02.5
Weighted Average Discount Rate
Operating leases5.0 %5.0 %
Finance leases4.3 %4.3 %
    Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
Leases		Finance
Leases
2022 (excluding the six months ended June 30, 2022)$6,741 $77 
202313,091 154 
202411,111 77 
20258,377 — 
20265,093 — 
20272,163 — 
Thereafter6,391 — 
Total lease payments$52,967 $308 
Less imputed interest(6,282)(13)
Total$46,685 $295