XML 51 R19.htm IDEA: XBRL DOCUMENT v3.25.0.1
LEASE OBLIGATIONS
12 Months Ended
Dec. 31, 2024
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 eleven 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,
 20242023
Operating lease cost$22,824 $21,775 
Short-term lease cost$27,038 $16,864 
Finance lease cost:
Amortization of right-of-use assets$195 $195 
Interest on lease liabilities40 17 
Total finance lease cost$235 $212 
    Supplemental cash flow information related to leases is as follows:
Years Ended December 31,
 20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$22,472 $20,882 
Operating cash flows from finance leases$40 $17 
Financing cash flows from finance leases$195 $195 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$15,170 $16,127 
Finance leases$— $664 
    Supplemental balance sheet information related to leases is as follows:
 December 31, 2024December 31, 2023
Operating Leases
Operating lease right-of-use assets$52,668 $57,235 
Current portion of long-term lease obligations$20,498 $19,641 
Long-term lease obligations32,455 37,722 
Total operating lease liabilities$52,953 $57,363 
Finance Leases
Property and equipment, at cost$2,011 $2,011 
Accumulated depreciation(1,445)(1,232)
Property and equipment, net$566 $779 
Current maturities of long-term debt$127 $195 
Long-term debt372 498 
Total finance lease liabilities$499 $693 
Weighted Average Remaining Lease Term
Operating leases4.33.7
Finance leases3.64.4
Weighted Average Discount Rate
Operating leases6.0 %5.8 %
Finance leases6.9 %6.6 %
    Maturities of lease liabilities are as follows:
 Operating
Leases
Finance
Leases
Year Ending December 31,
2025$22,472 $158 
202615,907 158 
20276,152 157 
20283,465 92 
20292,678 — 
Thereafter10,121 — 
Total lease payments60,795 565 
Less imputed interest(7,842)(66)
Total$52,953 $499 
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 eleven 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,
 20242023
Operating lease cost$22,824 $21,775 
Short-term lease cost$27,038 $16,864 
Finance lease cost:
Amortization of right-of-use assets$195 $195 
Interest on lease liabilities40 17 
Total finance lease cost$235 $212 
    Supplemental cash flow information related to leases is as follows:
Years Ended December 31,
 20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$22,472 $20,882 
Operating cash flows from finance leases$40 $17 
Financing cash flows from finance leases$195 $195 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$15,170 $16,127 
Finance leases$— $664 
    Supplemental balance sheet information related to leases is as follows:
 December 31, 2024December 31, 2023
Operating Leases
Operating lease right-of-use assets$52,668 $57,235 
Current portion of long-term lease obligations$20,498 $19,641 
Long-term lease obligations32,455 37,722 
Total operating lease liabilities$52,953 $57,363 
Finance Leases
Property and equipment, at cost$2,011 $2,011 
Accumulated depreciation(1,445)(1,232)
Property and equipment, net$566 $779 
Current maturities of long-term debt$127 $195 
Long-term debt372 498 
Total finance lease liabilities$499 $693 
Weighted Average Remaining Lease Term
Operating leases4.33.7
Finance leases3.64.4
Weighted Average Discount Rate
Operating leases6.0 %5.8 %
Finance leases6.9 %6.6 %
    Maturities of lease liabilities are as follows:
 Operating
Leases
Finance
Leases
Year Ending December 31,
2025$22,472 $158 
202615,907 158 
20276,152 157 
20283,465 92 
20292,678 — 
Thereafter10,121 — 
Total lease payments60,795 565 
Less imputed interest(7,842)(66)
Total$52,953 $499