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Leases | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Leases | 13. Leases ASC Topic 842 Leases We acquired $7.5 million and $19.1 million of operating leases for operating locations, corporate offices, certain operating equipment and light duty vehicles primarily related to the Ulterra acquisition and NexTier merger, respectively. We acquired $5.2 million and $50.7 million of finance leases for light duty vehicles and certain operating equipment related to the Ulterra acquisition and NexTier merger, respectively. Lease expense consisted of the following for the three and nine months ended September 30, 2023 and 2022 (in thousands):
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | September 30, |
| 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Operating lease cost | $ | 2,419 |  |  | $ | 1,410 |  |  | $ | 5,302 |  |  | $ | 4,288 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | 1,613 |  |  |  | — |  |  |  | 1,613 |  |  |  | — |
Interest on lease liabilities |  | 341 |  |  |  | — |  |  |  | 341 |  |  |  | — |
Total finance lease cost |  | 1,954 |  |  |  | — |  |  |  | 1,954 |  |  |  | — |
Short-term lease expense (1) |  | 1,734 |  |  |  | — |  |  |  | 1,734 |  |  |  | — |
Total lease expense (2) | $ | 6,107 |  |  | $ | 1,410 |  |  | $ | 8,990 |  |  | $ | 4,288 |
(1) Short-term lease expense represents expense related to leases with a contract term of one year or less. (2) Total lease expense is recorded in operating costs for the respective segments and within “selling, general and administrative” in our unaudited condensed consolidated statements of operations. Supplemental cash flow information related to leases for the nine months ended September 30, 2023 and 2022 is as follows (in thousands):
| Nine Months Ended |
| September 30, |
| 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 4,902 |  |  | $ | 5,485 |
Operating cash flows from finance leases |  | 326 |  |  |  | — |
Financing cash flows from finance leases |  | 2,986 |  |  |  | — |
Right of use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases (1) | $ | 31,654 |  |  | $ | 6,470 |
Finance leases (1) |  | 58,774 |  |  |  | — |
(1) Includes right of use assets acquired in business combinations. Supplemental balance sheet information related to leases as of September 30, 2023 and December 31, 2022 is as follows:
| September 30, 2023 |  | December 31, 2022
Weighted Average Remaining Lease Term: |  |  |
Operating leases | 5.2 years |  | 6.1 years
Finance leases | 0.8 years |  | N/A
Weighted Average Discount Rate: |  |  |
Operating leases | 6.1% |  | 4.1%
Finance leases | 7.3% |  | N/A
Maturities of operating and finance lease liabilities as of September 30, 2023 are as follows (in thousands):
Year ending December 31, | Operating |  |  | Finance |
2023 (excluding the nine months ended September 30, 2023) | $ | 3,432 |  |  | $ | 14,969 |
2024 |  | 15,173 |  |  |  | 36,564 |
2025 |  | 12,112 |  |  |  | 3,249 |
2026 |  | 8,585 |  |  |  | 3,365 |
2027 |  | 6,652 |  |  |  | — |
2028 |  | 4,911 |  |  |  |
Thereafter |  | 9,322 |  |  |  | — |
Total lease payments |  | 60,187 |  |  |  | 58,147 |
Less imputed interest |  | (8,666 | ) |  |  | (2,387 | )
Total | $ | 51,521 |  |  | $ | 55,760 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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