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Leases and Other (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Summary of Balance Sheet Presentation of Operating and Finance Leases | The balance sheet presentation of our operating and finance leases is as follows:
|  |  |  | December 31, |
(in thousands) |  | Classification on the Consolidated Balance Sheet |  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease ROU assets |  | $ | 109,774 |  |  | $ | 102,777 |
Finance lease assets |  | Property and equipment, net |  |  | 57,120 |  |  |  | 57,534 |
Total lease assets |  |  |  | $ | 166,894 |  |  | $ | 160,311 |
Liabilities: |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |
Operating lease obligations |  | Operating lease obligations |  | $ | 17,334 |  |  | $ | 13,463 |
Finance lease obligations |  | Current portion of debt and finance obligations |  |  | 2,742 |  |  |  | 2,978 |
Noncurrent: |  |  |  |  |  |  |  |
Operating lease obligations |  | Long-term operating lease obligations |  |  | 106,109 |  |  |  | 101,297 |
Finance lease obligations |  | Long-term debt and finance obligations |  |  | 61,187 |  |  |  | 61,751 |
Total lease liabilities |  |  |  | $ | 187,372 |  |  | $ | 179,489 |
Components of Lease Expense | The components of lease expense consisted of the following:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Finance lease cost: |  |  |  |  |  |
Amortization of ROU assets |  | $ | 4,250 |  |  | $ | 4,264 |
Interest on lease liabilities |  |  | 5,677 |  |  |  | 5,817 |
Operating lease cost |  |  | 26,235 |  |  |  | 24,850 |
Short-term lease cost |  |  | 3,564 |  |  |  | 2,545 |
Variable lease cost |  |  | 5,291 |  |  |  | 5,566 |
Total lease cost, net |  | $ | 45,017 |  |  | $ | 43,042 |
Schedule of Other Information Related to Operating and Finance Leases | Other information related to operating and finance leases are as follows:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 25,775 |  |  | $ | 23,024 |
Operating cash flows from finance leases |  | $ | 6,192 |  |  | $ | 6,089 |
Financing cash flows from finance leases |  | $ | 3,185 |  |  | $ | 3,845 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 24,226 |  |  | $ | 24,050 |
Finance leases (1) |  | $ | 1,807 |  |  | $ | 5,139 |
(1) Includes terminations of equipment finance leases during 2023.
|  | December 31, |
|  | 2023 |  |  | 2022 |
Weighted-average remaining lease term (years): |  |  |  |  |  |
Operating leases |  |  | 7.64 |  |  |  | 8.51 |
Finance leases |  |  | 33.47 |  |  |  | 34.07 |
Weighted-average discount rate: |  |  |  |  |  |
Operating leases |  |  | 7.88 | % |  |  | 7.25 | %
Finance leases |  |  | 9.17 | % |  |  | 9.12 | %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components | As of December 31, 2023, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, are as follows:
(in thousands) |  | Operating Leases |  |  | Finance Leases |  |  | Total |
2024 |  | $ | 26,110 |  |  | $ | 8,370 |  |  | $ | 34,480 |
2025 |  |  | 25,432 |  |  |  | 7,537 |  |  |  | 32,969 |
2026 |  |  | 24,461 |  |  |  | 6,839 |  |  |  | 31,300 |
2027 |  |  | 20,874 |  |  |  | 6,429 |  |  |  | 27,303 |
2028 |  |  | 15,017 |  |  |  | 6,094 |  |  |  | 21,111 |
Thereafter |  |  | 56,181 |  |  |  | 175,047 |  |  |  | 231,228 |
Total future lease payments |  |  | 168,075 |  |  |  | 210,316 |  |  |  | 378,391 |
Less: Amount representing interest |  |  | (44,632 | ) |  |  | (146,387 | ) |  |  | (191,019 | )
Present value of minimum lease payments |  |  | 123,443 |  |  |  | 63,929 |  |  |  | 187,372 |
Current portion |  |  | 17,334 |  |  |  | 2,742 |  |  |  | 20,076 |
Long-term portion |  | $ | 106,109 |  |  | $ | 61,187 |  |  | $ | 167,296 |
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases | As of December 31, 2023, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that we own, are as follows:
(in thousands) |  |  |
2024 |  | $ | 2,842 |
2025 |  |  | 1,856 |
2026 |  |  | 1,605 |
2027 |  |  | 948 |
2028 |  |  | 771 |
Thereafter |  |  | 2,081 |
Total minimum rents |  | $ | 10,103 |

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- 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
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- 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
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