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LEASES | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
LEASES | LEASES Leases primarily pertain to certain controlled aircraft, corporate headquarters and operational facilities, including aircraft hangars, which are all accounted for as operating leases. We sublease an aircraft hangar at Cincinnati/Northern Kentucky International Airport from Delta. Certain of these operating leases have renewal options to further extend for additional time periods at our discretion. Our leases do not contain residual value guarantees, covenants or other associated restrictions. We have certain variable lease agreements with aircraft owners that contain payment terms based on an hourly lease rate multiplied by the number of flight hours during a month. Variable lease payments are not included in the right-of-use asset and lease liability balances but rather are expensed as incurred. The components of net lease cost were as follows (in thousands):
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Operating lease costs | $ | 11,694 |  |  | $ | 9,102 |  |  |  |  |
Short-term lease costs | 2,486 |  |  | 5,293 |  |  |  |  |
Variable lease costs | 5,833 |  |  | 4,362 |  |  |  |  |
Total lease costs | $ | 20,013 |  |  | $ | 18,757 |  |  |  |  |
Lease costs related to leased aircraft and operational facilities are included in cost of revenue in the consolidated statements of operations. Lease costs related to leased corporate headquarters and other office space including expenses for non-lease components are included in general and administrative expense in the consolidated statements of operations. Sublease income is presented in general and administrative expenses in the consolidated statements of operations. Sublease income was not material for either of the three month periods ended March 31, 2023 and 2022. Supplemental cash flow information related to leases were as follows (in thousands):
| Three Months Ended March 31,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of operating lease liabilities: |  |  |
Operating cash flows paid for operating leases | $ | 10,102 |  |  | $ | 9,119 |
Right-of-use assets obtained in exchange for operating lease obligations | $ | 5,420 |  |  | $ | 37,180 |
Supplemental balance sheet information related to leases are as follows:
| March 31, 2023 |  | December 31, 2022
Weighted-average remaining lease term (in years): |  |  |
Operating leases | 6.1 |  | 5.9
Weighted-average discount rate: |  |  |
Operating leases | 9.1 | % |  | 9.0 | %
Maturities of lease liabilities, as of March 31, 2023, were as follows (in thousands):
Year ending December 31, | Operating Leases
2023 (remaining) | $ | 27,104 |
2024 | 33,849 |
2025 | 19,937 |
2026 | 12,293 |
2027 | 8,168 |
2028 and Thereafter | 43,054 |
Total lease payments | 144,405 |
Less: Imputed interest | (37,723) |
Total lease obligations | $ | 106,682 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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