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LEASE OBLIGATIONS

12 Months Ended

Dec. 31, 2023

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 nine years, some of which include options to extend the leases for up to ten years.

    The components of lease expense are as follows:

			Years Ended December 31,
			2023						2022
Operating lease cost			$	21,775					$	16,768
Short-term lease cost			$	16,864					$	14,092
Finance lease cost:
Amortization of right-of-use assets			$	195					$	148
Interest on lease liabilities			17						13
Total finance lease cost			$	212					$	161

    Supplemental cash flow information related to leases is as follows:

			Years Ended December 31,
			2023						2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	20,882					$	16,701
Operating cash flows from finance leases			$	17					$	13
Financing cash flows from finance leases			$	195					$	148
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases			$	16,127					$	59,461
Finance leases			$	664					$	—

    Supplemental balance sheet information related to leases is as follows:

			December 31, 2023						December 31, 2022
Operating Leases
Operating lease right-of-use assets			$	57,235					$	59,415
Current portion of long-term lease obligations			$	19,641					$	19,715
Long-term lease obligations			37,722						40,103
Total operating lease liabilities			$	57,363					$	59,818
Finance Leases
Property and equipment, at cost			$	2,011					$	1,479
Accumulated depreciation			(1,232)						(1,056)
Property and equipment, net			$	779					$	423
Current maturities of long-term debt			$	195					$	148
Long-term debt			498						76
Total finance lease liabilities			$	693					$	224
Weighted Average Remaining Lease Term
Operating leases			3.7						4.5
Finance leases			4.4						1.5
Weighted Average Discount Rate
Operating leases			5.8		%				5.6		%
Finance leases			6.6		%				4.3		%

    Maturities of lease liabilities are as follows:

			Operating Leases						Finance Leases
Year Ending December 31,
2024			$	21,918					$	235
2025			19,322						158
2026			12,864						157
2027			3,137						157
2028			1,609						92
Thereafter			5,079						—
Total lease payments			63,929						799
Less imputed interest			(6,566)						(106)
Total			$	57,363					$	693

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 nine years, some of which include options to extend the leases for up to ten years.

    The components of lease expense are as follows:

			Years Ended December 31,
			2023						2022
Operating lease cost			$	21,775					$	16,768
Short-term lease cost			$	16,864					$	14,092
Finance lease cost:
Amortization of right-of-use assets			$	195					$	148
Interest on lease liabilities			17						13
Total finance lease cost			$	212					$	161

    Supplemental cash flow information related to leases is as follows:

			Years Ended December 31,
			2023						2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	20,882					$	16,701
Operating cash flows from finance leases			$	17					$	13
Financing cash flows from finance leases			$	195					$	148
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases			$	16,127					$	59,461
Finance leases			$	664					$	—

    Supplemental balance sheet information related to leases is as follows:

			December 31, 2023						December 31, 2022
Operating Leases
Operating lease right-of-use assets			$	57,235					$	59,415
Current portion of long-term lease obligations			$	19,641					$	19,715
Long-term lease obligations			37,722						40,103
Total operating lease liabilities			$	57,363					$	59,818
Finance Leases
Property and equipment, at cost			$	2,011					$	1,479
Accumulated depreciation			(1,232)						(1,056)
Property and equipment, net			$	779					$	423
Current maturities of long-term debt			$	195					$	148
Long-term debt			498						76
Total finance lease liabilities			$	693					$	224
Weighted Average Remaining Lease Term
Operating leases			3.7						4.5
Finance leases			4.4						1.5
Weighted Average Discount Rate
Operating leases			5.8		%				5.6		%
Finance leases			6.6		%				4.3		%

    Maturities of lease liabilities are as follows:

			Operating Leases						Finance Leases
Year Ending December 31,
2024			$	21,918					$	235
2025			19,322						158
2026			12,864						157
2027			3,137						157
2028			1,609						92
Thereafter			5,079						—
Total lease payments			63,929						799
Less imputed interest			(6,566)						(106)
Total			$	57,363					$	693

X

- References

No definition available.

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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

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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

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