XML 51 R38.htm IDEA: XBRL DOCUMENT v3.24.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Operating and Finance Leases
The balances for the operating and finance leases where the Company is the lessee are presented as follows within the Company’s condensed consolidated balance sheets (in thousands):
September 30,
2024		December 31,
2023
Operating leases:
Right-of-use assets$220,616 $221,508 
Other current liabilities$34,801 $28,431 
Other long-term liabilities240,008 244,122 
Total operating lease liabilities$274,809 $272,553 
Finance leases:
Property, plant and equipment, net$82,989 $85,055 
Total finance lease assets$82,989 $85,055 
Finance lease liabilities, current portion$6,921 $8,202 
Finance lease liabilities, net of current portion75,027 77,653 
Total finance lease liabilities$81,948 $85,855 
Schedule of Lease Cost
The components of lease expense were as follows within the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Operating lease expense:
Operating lease expense (1)
$15,680 $14,000 $46,109 $40,578 
Variable lease expense522 438 1,432 1,306 
Finance lease expense:
Amortization of leased assets$669 $1,326 $2,496 $4,133 
Interest on lease liabilities1,161 1,204 3,495 3,677 
Total finance lease expense$1,830 $2,530 $5,991 $7,810 
Total lease expense$18,032 $16,968 $53,532 $49,694 
(1) Excluded short-term leases, which were not material.
Other information related to leases where the Company is the lessee was as follows:
September 30,
2024		December 31,
2023
Weighted-average remaining lease term (in years):
Operating leases6.46.8
Finance leases1.92.6
Weighted-average discount rate:
Operating leases11.89 %11.01 %
Finance leases5.71 %5.59 %
Schedule of Operating Lease Maturity
As of September 30, 2024, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):
Operating LeasesFinance Leases
2024 (remainder of the year)$15,005 $570 
202566,800 6,817 
202666,260 82,686 
202757,597 245 
202853,890 39 
Thereafter140,208 8 
Total minimum lease payments399,760 90,365 
Less: Interest(124,951)(8,417)
Present value of lease obligations274,809 81,948 
Less: Current portion(34,801)(6,921)
Long-term portion of lease obligations$240,008 $75,027 
Schedule of Finance Lease Maturity
As of September 30, 2024, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):
Operating LeasesFinance Leases
2024 (remainder of the year)$15,005 $570 
202566,800 6,817 
202666,260 82,686 
202757,597 245 
202853,890 39 
Thereafter140,208 8 
Total minimum lease payments399,760 90,365 
Less: Interest(124,951)(8,417)
Present value of lease obligations274,809 81,948 
Less: Current portion(34,801)(6,921)
Long-term portion of lease obligations$240,008 $75,027