XML 39 R32.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Leases [Abstract] |
Schedule of Condensed Consolidated Balance Sheet Operating and Finance Leases | The condensed consolidated balance sheets consist of the following amounts relating to operating and finance leases (in thousands):
|  | As of March 31, |  |  | As of December 31, |
|  | 2025 |  |  | 2024 |
Operating right-of-use assets |  |  |  |  |  |  |  |
Real property |  | $ |  | 18,065 |  |  | $ |  | 19,480 |
|  | $ |  | 18,065 |  |  | $ |  | 19,480 |
Operating lease liabilities |  |  |  |  |  |  |  |
Current |  | $ |  | 7,530 |  |  | $ |  | 6,809 |
Non-current |  |  |  | 10,672 |  |  |  |  | 12,739 |
|  | $ |  | 18,202 |  |  | $ |  | 19,548 |
|  | As of March 31, |  |  | As of December 31, |
|  | 2025 |  |  | 2024 |
Finance right-of-use assets |  |  |  |  |  |  |  |
Vehicles |  | $ |  | 23,077 |  |  | $ |  | 21,871 |
|  | $ |  | 23,077 |  |  | $ |  | 21,871 |
Finance lease liabilities |  |  |  |  |  |  |  |
Current |  | $ |  | 12,162 |  |  | $ |  | 7,837 |
Non-current |  |  |  | 9,934 |  |  |  |  | 13,389 |
|  | $ |  | 22,096 |  |  | $ |  | 21,226 |
Schedule of Condensed Consolidated Statements of Operations | The condensed consolidated statements of operations consist of the following amounts relating to leases (in thousands):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Amortization of real property operating right-of-use assets |  |  |  |  |  |  |  |
(included in general and administrative expenses) |  | $ |  | 2,052 |  |  | $ |  | 161 |
Interest expense of vehicles finance right-of-use assets |  |  |  |  |  |  |  |
(included in interest expense) |  | $ |  | 1,037 |  |  | $ |  | 572 |
Depreciation of vehicles finance right-of-use assets |  |  |  |  |  |  |  |
(included in depreciation and amortization) |  | $ |  | 2,154 |  |  | $ |  | 56 |
Variable lease expense |  | $ |  | — |  |  | $ |  | — |
Short-term lease expense |  | $ |  | 225 |  |  | $ |  | — |
Schedule of Total Cash Outflows Leases | The below table shows the total cash outflows for leases for the periods presented (in thousands):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Operating cash flows from operating leases |  | $ |  | 1,848 |  |  | $ |  | — |
Financing cash flows from finance leases |  |  |  | 2,829 |  |  |  |  | 1,109 |
Total cash outflows for leases |  | $ |  | 4,677 |  |  | $ |  | 1,109 |
Schedule of Operating and Finance Lease Payments Maturity | The table below reconciles the undiscounted future minimum operating and finance lease payments to the operating and finance lease liabilities recorded on the balance sheet as of March 31, 2025 (in thousands):
|  | Operating Lease |  |  | Finance Lease |
Remainder of 2025 |  | $ |  | 6,532 |  |  | $ |  | 10,082 |
2026 |  |  |  | 6,618 |  |  |  |  | 9,909 |
2027 |  |  |  | 3,261 |  |  |  |  | 4,303 |
2028 |  |  |  | 1,539 |  |  |  |  | 117 |
2029 |  |  |  | 1,194 |  |  |  |  | — |
Thereafter |  |  |  | 1,278 |  |  |  |  | — |
Total future minimum lease payments |  |  |  | 20,422 |  |  |  |  | 24,411 |
Less: Amount of lease payments representing interest |  |  |  | (2,220 | ) |  |  |  | (2,315 | )
Present values of future minimum lease payments |  | $ |  | 18,202 |  |  | $ |  | 22,096 |
Scheduled Future Minimum Lease Payments Received | Scheduled future minimum lease payments to be received by the Company as of March 31, 2025 for each of the next five years is as follows (in thousands):
|  | Amount |
Remainder of 2025 |  | $ |  | 125,983 |
2026 |  |  |  | 69,598 |
2027 |  |  |  | 30,679 |
2028 |  |  |  | 961 |
2029 |  |  |  | — |
Thereafter |  |  |  | — |
Total |  | $ |  | 227,221 |

X
- Definition Assets And Liabilities Lessee [Table Text Block] + References No definition available. + Details
Name: | floc_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | floc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Lessee Operating and Finance Lease Payments Maturity [Table Text Block] + References No definition available. + Details
Name: | floc_LesseeOperatingAndFinanceLeasePaymentsMaturityTableTextBlock
Namespace Prefix: | floc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Cash Flow Lease [Table Text Block] + References No definition available. + Details
Name: | floc_ScheduleOfCashFlowLeaseTableTextBlock
Namespace Prefix: | floc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration