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Leases | 6 Months Ended
--- | ---
Jun. 30, 2022
Leases [Abstract] |
Leases | LEASES The table below sets forth supplemental condensed consolidated balance sheet information related to our leases:
| June 30, 2022 |  | December 31, 2021
Operating Leases: |  |  |
Operating lease assets | $ | 38,929 |  |  | $ | 41,982 |
Current portions of operating lease liabilities | $ | 5,953 |  |  | $ | 6,276 |
Long-term portions of operating lease liabilities | 32,642 |  |  | 35,135 |
Total operating lease liabilities | $ | 38,595 |  |  | $ | 41,411 |
Weighted-average remaining lease term | 12 years |  | 12 years
Weighted-average discount rate | 5.6 | % |  | 5.7 | %
Financing Leases: |  |  |
Energy assets | $ | 30,989 |  |  | $ | 31,876 |
Current portions of financing lease liabilities | $ | 2,473 |  |  | $ | 3,125 |
Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs | 15,200 |  |  | 16,101 |
Total financing lease liabilities | $ | 17,673 |  |  | $ | 19,226 |
Weighted-average remaining lease term | 14 years |  | 15 years
Weighted-average discount rate | 12.1 | % |  | 12.1 | %
The costs related to our leases were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Operating Leases: |  |  |  |  |  |  |
Operating lease costs | $ | 2,063 |  |  | $ | 2,187 |  |  | $ | 4,354 |  |  | $ | 4,340 |
Financing Leases: |  |  |  |  |  |  |
Amortization expense | 532 |  |  | 533 |  |  | 887 |  |  | 1,065 |
Interest on lease liabilities | 536 |  |  | 666 |  |  | 1,095 |  |  | 1,324 |
Total lease costs | $ | 3,131 |  |  | $ | 3,386 |  |  | $ | 6,336 |  |  | $ | 6,729 |
Supplemental cash flow information related to our leases was as follows:
| Six Months Ended June 30,
| 2022 |  | 2021
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 3,814 |  |  | $ | 4,355 |
Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities | $ | 1,712 |  |  | $ | 4,961 |
The table below sets forth our estimated minimum future lease obligations under our leases:
| Operating Leases |  | Financing Leases
Year ended December 31, |  |  |
2022 | $ | 4,185 |  |  | $ | 2,580 |
2023 | 7,585 |  |  | 3,675 |
2024 | 6,363 |  |  | 2,565 |
2025 | 5,128 |  |  | 2,213 |
2026 | 3,197 |  |  | 2,054 |
Thereafter | 29,102 |  |  | 19,810 |
Total minimum lease payments | 55,560 |  |  | 32,897 |
Less: interest | 16,965 |  |  | 15,224 |
Present value of lease liabilities | $ | 38,595 |  |  | $ | 17,673 |
Sale-leasebacks In March 2022, we entered into an amendment to our August 2018 long-term financing facility which extended the end date of the agreement from March 31, 2022 to June 30, 2022. In June 2022, we entered into another amendment to this facility which further extended the end date of the agreement from June 30, 2022 to September 30, 2022. We sold and leased back two energy assets for $8,201 in cash proceeds under this agreement during the six months ended June 30, 2022. As of June 30, 2022, approximately $220,367 remained available under this lending commitment. In March 2022, we entered into an amendment to our December 2020 long-term financing facility which extended the end date of the agreement from December 31, 2021 to July 15, 2022. We sold and leased back three energy asset for $4,423 in cash proceeds under this facility during the six months ended June 30, 2022. As of June 30, 2022, approximately $11,515 remained available under this lending commitment, however, the financing commitment expired July 15, 2022. These transactions are accounted for as failed sale leasebacks and are classified as long-term financing facilities. See Note 7 for additional information. Net gains from amortization expense recognized in cost of revenues relating to deferred gains and losses in connection with our sale-leaseback agreements were $57 for each of the three months ended June 30, 2022 and 2021, and $114 for each of the six months ended June 30, 2022 and 2021
Leases | LEASES The table below sets forth supplemental condensed consolidated balance sheet information related to our leases:
| June 30, 2022 |  | December 31, 2021
Operating Leases: |  |  |
Operating lease assets | $ | 38,929 |  |  | $ | 41,982 |
Current portions of operating lease liabilities | $ | 5,953 |  |  | $ | 6,276 |
Long-term portions of operating lease liabilities | 32,642 |  |  | 35,135 |
Total operating lease liabilities | $ | 38,595 |  |  | $ | 41,411 |
Weighted-average remaining lease term | 12 years |  | 12 years
Weighted-average discount rate | 5.6 | % |  | 5.7 | %
Financing Leases: |  |  |
Energy assets | $ | 30,989 |  |  | $ | 31,876 |
Current portions of financing lease liabilities | $ | 2,473 |  |  | $ | 3,125 |
Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs | 15,200 |  |  | 16,101 |
Total financing lease liabilities | $ | 17,673 |  |  | $ | 19,226 |
Weighted-average remaining lease term | 14 years |  | 15 years
Weighted-average discount rate | 12.1 | % |  | 12.1 | %
The costs related to our leases were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Operating Leases: |  |  |  |  |  |  |
Operating lease costs | $ | 2,063 |  |  | $ | 2,187 |  |  | $ | 4,354 |  |  | $ | 4,340 |
Financing Leases: |  |  |  |  |  |  |
Amortization expense | 532 |  |  | 533 |  |  | 887 |  |  | 1,065 |
Interest on lease liabilities | 536 |  |  | 666 |  |  | 1,095 |  |  | 1,324 |
Total lease costs | $ | 3,131 |  |  | $ | 3,386 |  |  | $ | 6,336 |  |  | $ | 6,729 |
Supplemental cash flow information related to our leases was as follows:
| Six Months Ended June 30,
| 2022 |  | 2021
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 3,814 |  |  | $ | 4,355 |
Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities | $ | 1,712 |  |  | $ | 4,961 |
The table below sets forth our estimated minimum future lease obligations under our leases:
| Operating Leases |  | Financing Leases
Year ended December 31, |  |  |
2022 | $ | 4,185 |  |  | $ | 2,580 |
2023 | 7,585 |  |  | 3,675 |
2024 | 6,363 |  |  | 2,565 |
2025 | 5,128 |  |  | 2,213 |
2026 | 3,197 |  |  | 2,054 |
Thereafter | 29,102 |  |  | 19,810 |
Total minimum lease payments | 55,560 |  |  | 32,897 |
Less: interest | 16,965 |  |  | 15,224 |
Present value of lease liabilities | $ | 38,595 |  |  | $ | 17,673 |
Sale-leasebacks In March 2022, we entered into an amendment to our August 2018 long-term financing facility which extended the end date of the agreement from March 31, 2022 to June 30, 2022. In June 2022, we entered into another amendment to this facility which further extended the end date of the agreement from June 30, 2022 to September 30, 2022. We sold and leased back two energy assets for $8,201 in cash proceeds under this agreement during the six months ended June 30, 2022. As of June 30, 2022, approximately $220,367 remained available under this lending commitment. In March 2022, we entered into an amendment to our December 2020 long-term financing facility which extended the end date of the agreement from December 31, 2021 to July 15, 2022. We sold and leased back three energy asset for $4,423 in cash proceeds under this facility during the six months ended June 30, 2022. As of June 30, 2022, approximately $11,515 remained available under this lending commitment, however, the financing commitment expired July 15, 2022. These transactions are accounted for as failed sale leasebacks and are classified as long-term financing facilities. See Note 7 for additional information. Net gains from amortization expense recognized in cost of revenues relating to deferred gains and losses in connection with our sale-leaseback agreements were $57 for each of the three months ended June 30, 2022 and 2021, and $114 for each of the six months ended June 30, 2022 and 2021
Leases | LEASES The table below sets forth supplemental condensed consolidated balance sheet information related to our leases:
| June 30, 2022 |  | December 31, 2021
Operating Leases: |  |  |
Operating lease assets | $ | 38,929 |  |  | $ | 41,982 |
Current portions of operating lease liabilities | $ | 5,953 |  |  | $ | 6,276 |
Long-term portions of operating lease liabilities | 32,642 |  |  | 35,135 |
Total operating lease liabilities | $ | 38,595 |  |  | $ | 41,411 |
Weighted-average remaining lease term | 12 years |  | 12 years
Weighted-average discount rate | 5.6 | % |  | 5.7 | %
Financing Leases: |  |  |
Energy assets | $ | 30,989 |  |  | $ | 31,876 |
Current portions of financing lease liabilities | $ | 2,473 |  |  | $ | 3,125 |
Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs | 15,200 |  |  | 16,101 |
Total financing lease liabilities | $ | 17,673 |  |  | $ | 19,226 |
Weighted-average remaining lease term | 14 years |  | 15 years
Weighted-average discount rate | 12.1 | % |  | 12.1 | %
The costs related to our leases were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Operating Leases: |  |  |  |  |  |  |
Operating lease costs | $ | 2,063 |  |  | $ | 2,187 |  |  | $ | 4,354 |  |  | $ | 4,340 |
Financing Leases: |  |  |  |  |  |  |
Amortization expense | 532 |  |  | 533 |  |  | 887 |  |  | 1,065 |
Interest on lease liabilities | 536 |  |  | 666 |  |  | 1,095 |  |  | 1,324 |
Total lease costs | $ | 3,131 |  |  | $ | 3,386 |  |  | $ | 6,336 |  |  | $ | 6,729 |
Supplemental cash flow information related to our leases was as follows:
| Six Months Ended June 30,
| 2022 |  | 2021
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 3,814 |  |  | $ | 4,355 |
Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities | $ | 1,712 |  |  | $ | 4,961 |
The table below sets forth our estimated minimum future lease obligations under our leases:
| Operating Leases |  | Financing Leases
Year ended December 31, |  |  |
2022 | $ | 4,185 |  |  | $ | 2,580 |
2023 | 7,585 |  |  | 3,675 |
2024 | 6,363 |  |  | 2,565 |
2025 | 5,128 |  |  | 2,213 |
2026 | 3,197 |  |  | 2,054 |
Thereafter | 29,102 |  |  | 19,810 |
Total minimum lease payments | 55,560 |  |  | 32,897 |
Less: interest | 16,965 |  |  | 15,224 |
Present value of lease liabilities | $ | 38,595 |  |  | $ | 17,673 |
Sale-leasebacks In March 2022, we entered into an amendment to our August 2018 long-term financing facility which extended the end date of the agreement from March 31, 2022 to June 30, 2022. In June 2022, we entered into another amendment to this facility which further extended the end date of the agreement from June 30, 2022 to September 30, 2022. We sold and leased back two energy assets for $8,201 in cash proceeds under this agreement during the six months ended June 30, 2022. As of June 30, 2022, approximately $220,367 remained available under this lending commitment. In March 2022, we entered into an amendment to our December 2020 long-term financing facility which extended the end date of the agreement from December 31, 2021 to July 15, 2022. We sold and leased back three energy asset for $4,423 in cash proceeds under this facility during the six months ended June 30, 2022. As of June 30, 2022, approximately $11,515 remained available under this lending commitment, however, the financing commitment expired July 15, 2022. These transactions are accounted for as failed sale leasebacks and are classified as long-term financing facilities. See Note 7 for additional information. Net gains from amortization expense recognized in cost of revenues relating to deferred gains and losses in connection with our sale-leaseback agreements were $57 for each of the three months ended June 30, 2022 and 2021, and $114 for each of the six months ended June 30, 2022 and 2021

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