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Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Finance Lease Liabilities

Finance lease liabilities as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands):

	June 30, 2024				December 31, 2023
Finance lease liabilities	$	201,806			$	211,887
Less current portion of finance lease liabilities		(22,761	)			(22,080	)
Finance lease liabilities, long-term	$	179,045			$	189,807

Schedule of Maturities of Operating and Finance Lease Liabilities

A maturity analysis of the Company’s operating and finance lease liabilities (excluding short-term leases) at June 30, 2024 is as follows (in thousands):

Year	Operating				Finance
Remainder of 2024	$	1,017			$	16,624
2025		1,798				33,235
2026		1,428				33,235
2027		1,022				33,235
2028		886				27,584
Thereafter		450				113,152
Total lease payments	$	6,601			$	257,065
Less: imputed interest		(760	)			(55,259	)
Carrying value of lease liabilities		5,841				201,806
Less: current portion		(1,684	)			(22,761	)
Carrying value of long-term lease liabilities	$	4,157			$	179,045

Schedule of Total Lease Cost

The Company’s total lease costs for the three and six months ended June 30, 2024 and 2023 recognized in the consolidated statements of income consisted of the following (in thousands):

	For the three months ended June 30,								For the six months ended June 30,
	2024				2023				2024				2023
Amortization of finance lease right-of-use assets	$	653			$	1,166			$	1,305			$	2,183
Interest on finance lease liabilities		3,204				4,188				6,486				8,273
Operating lease expense		441				2,388				890				10,842
Short-term lease expense		281				91				534				265
Total lease costs	$	4,579			$	7,833			$	9,215			$	21,563

Schedule of Other Information Related to Leases

Other information related to leases for the three and six months ended June 30, 2024 and 2023 are as follows (in thousands):

	For the three months ended June 30,								For the six months ended June 30,
	2024				2023				2024				2023
Operating cash flows for finance leases	$	3,204			$	4,188			$	6,486			$	8,273
Financing cash flows for finance leases		5,079				5,455				10,080				10,752
Operating cash flows for operating leases		585				2,863				1,105				11,177

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Schedule of finance lease liabilities.

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Schedule of maturities of operating and finance lease liabilities.

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Schedule of Other Information related to leases.

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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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