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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Assets and Liabilities, Lessee

Lease related assets and liabilities are recorded on the balance sheet as follows (in thousands):

		Classification on the Balance Sheet		December 31, 2023				December 31, 2022
Assets
Operating lease assets		Operating Lease Right-of-Use Assets, Net		$	102,204			$	90,950
Finance lease assets		Property and Equipment, Net			1,205				1,895
Total lease assets				$	103,409			$	92,845
Liabilities
Current
Operating		Operating lease liabilities, current portion		$	24,640			$	22,584
Finance [1]		Current portion of finance liabilities, long-term debt and non-recourse debt			731				697
Noncurrent
Operating		Operating Lease Liabilities			82,114				73,801
Finance [1]		Other Non-Current Liabilities			549				1,280
Total lease liabilities				$	108,034			$	98,362

[1] Also refer to Note 11 - Debt.

Lease, Cost

Certain information related to the lease costs for finance and operating leases is presented as follows (in thousands):

		Year Ended December 31, 2023				Year Ended December 31, 2022
Operating lease cost		$	34,262			$	37,362
Finance lease cost:
Amortization of right-of-use assets			691				1,525
Interest on lease liabilities			62				119
Total finance lease cost			753				1,644
Short-term lease cost			10,865				4,869
Total lease cost		$	45,880			$	43,875
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases		$	34,933			$	37,836
Operating cash flows for finance leases		$	65			$	1,262
Financing activities for finance leases		$	694			$	726
Right-of-use assets obtained in exchange for new operating lease liabilities		$	35,233			$	11,697
Right-of-use assets obtained in exchange for new finance lease liabilities		$	—			$	—
Weighted average remaining lease term:
Operating leases		5.9 years				6.3 years
Finance leases		1.8 years				2.8 years
Weighted average discount rate:
Operating leases			6.27	%			3.90	%
Finance leases			3.90	%			4.00	%

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet as of December 31, 2023 (in thousands).

		Operating Leases				Finance Leases
2024		$	32,669			$	759
2025			27,103				536
2026			20,450				29
2027			16,817				—
2028			12,062				—
Thereafter			19,401				—
Total minimum lease payments			128,502				1,324
Less: amount of lease payment representing interest			(21,748	)			(44	)
Present value of future minimum lease payments			106,754				1,280
Less: current obligations under leases			(24,640	)			(731	)
Long-term lease obligations		$	82,114			$	549

Finance Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet as of December 31, 2023 (in thousands).

		Operating Leases				Finance Leases
2024		$	32,669			$	759
2025			27,103				536
2026			20,450				29
2027			16,817				—
2028			12,062				—
Thereafter			19,401				—
Total minimum lease payments			128,502				1,324
Less: amount of lease payment representing interest			(21,748	)			(44	)
Present value of future minimum lease payments			106,754				1,280
Less: current obligations under leases			(24,640	)			(731	)
Long-term lease obligations		$	82,114			$	549

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Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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