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Finance Obligation | 12 Months Ended
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Dec. 31, 2023
Finance Obligation |
Finance Obligation | 13. Finance Obligation ​ The Company has sold future services to be performed associated with certain sale/leaseback transactions and recorded the balance as a finance obligation. The outstanding balance of this obligation at December 31, 2023 was $350.8 million, $74.0 million and $276.8 million of which was classified as short-term and long-term, respectively, on the accompanying consolidated balance sheet. The outstanding balance of this obligation at December 31, 2022 was $312.1 million, $55.4 million and $256.6 million of which was classified as short-term and long-term, respectively, on the accompanying consolidated balance sheet. The amount is amortized using the effective interest method. Interest expense recorded related to finance obligations for the years ended December 31, 2023, 2022 and 2021 was $39.6 million, $29.7 million and $21.0 million, respectively. ​ In prior periods, the Company entered into sale/leaseback transactions that were accounted for as financing transactions and reported as part of finance obligations. The outstanding balance of this obligation at December 31, 2023 was $17.6 million, $10.0 million and $7.6 million of which was classified as short-term and long-term, respectively on the accompanying consolidated balance sheet. The outstanding balance of finance obligations related to sale/leaseback transactions at December 31, 2022 was $17.2 million, $3.5 million and $13.7 million of which was classified as short-term and long-term, respectively on the accompanying consolidated balance sheet. ​ Future minimum payments under finance obligations notes above as of December 31, 2023 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Total
​ | ​ | Sale of Future | ​ | Sale/Leaseback | ​ | Finance
​ |  | Revenue - Debt |  | Financings |  | Obligations
2024 | ​ | $ | 109,805 | ​ | $ | 11,133 | ​ | $ | 120,938
2025 | ​ | ​ | 104,547 | ​ | ​ | 2,229 | ​ | ​ | 106,776
2026 | ​ | ​ | 87,824 | ​ | ​ | 2,229 | ​ | ​ | 90,053
2027 | ​ | ​ | 71,253 | ​ | ​ | 2,229 | ​ | ​ | 73,482
2028 | ​ | ​ | 51,188 | ​ | ​ | 2,015 | ​ | ​ | 53,203
2029 and thereafter | ​ | ​ | 25,503 | ​ | ​ | 1,131 | ​ | ​ | 26,634
Total future minimum payments | ​ | ​ | 450,120 | ​ | ​ | 20,966 | ​ | ​ | 471,086
Less imputed interest | ​ | ​ | (99,367) | ​ | ​ | (3,325) | ​ | ​ | (102,692)
Total | ​ | $ | 350,753 | ​ | $ | 17,641 | ​ | $ | 368,394
​ Other information related to the above finance obligations are presented in the following table: ​
​ | ​ | ​ | ​ | ​ | ​
​ | Year ended | ​ | Year ended
​ | December 31, 2023 | ​ | December 31, 2022
Cash payments (in thousands) | $ | 96,781 | ​ | $ | 72,377
Weighted average remaining term (years) | ​ | 4.49 | ​ | ​ | 4.84
Weighted average discount rate | ​ | 11.3% | ​ | ​ | 11.1%
​ ​ The fair value of the Company’s total finance obligations approximated their carrying value for the years ended December 31, 2023 and December 31, 2022.

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