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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure Of Leases [Abstract] |
Summary of Right-of-Use-Assets | Precision recognizes right-of-use assets primarily from its leases of real estate and vehicles and equipment.
|  | Real Estate |  |  | Vehicles and Equipment |  |  | Total |
Balance, December 31, 2022 |  | $ | 46,496 |  |  | $ | 13,536 |  |  | $ | 60,032 |
Additions |  |  | 1,217 |  |  |  | 15,811 |  |  |  | 17,028 |
Acquired |  |  | 574 |  |  |  | 892 |  |  |  | 1,466 |
Derecognition |  |  | (5,947 | ) |  |  | (685 | ) |  |  | (6,632 | )
Depreciation |  |  | (3,559 | ) |  |  | (4,741 | ) |  |  | (8,300 | )
Lease remeasurements |  |  | (789 | ) |  |  | 1,314 |  |  |  | 525 |
Effect of foreign currency exchange differences |  |  | (480 | ) |  |  | (201 | ) |  |  | (681 | )
Balance, December 31, 2023 |  | $ | 37,512 |  |  | $ | 25,926 |  |  | $ | 63,438 |
Additions |  |  | 469 |  |  |  | 10,522 |  |  |  | 10,991 |
Derecognition |  |  | (433 | ) |  |  | (861 | ) |  |  | (1,294 | )
Depreciation |  |  | (3,588 | ) |  |  | (6,086 | ) |  |  | (9,674 | )
Effect of foreign currency exchange differences |  |  | 1,700 |  |  |  | 871 |  |  |  | 2,571 |
Balance, December 31, 2024 |  | $ | 35,660 |  |  | $ | 30,372 |  |  | $ | 66,032 |
Expected Non-cancellable Undiscounted Operating Lease Payments | Expected non-cancellable undiscounted operating lease payments are as follows:
|  | 2024 |  |  | 2023 |
Less than one year |  | $ | 23,909 |  |  | $ | 17,540 |
One to five years |  |  | 50,232 |  |  |  | 42,460 |
More than five years |  |  | 24,429 |  |  |  | 10,748 |
|  | $ | 98,570 |  |  | $ | 70,748 |
Summary of Maturity Analysis of Lease Payments | The following table sets out a maturity analysis of lease payments, showing the undiscounted lease payments to be received subsequent to December 31, 2024: .
|  | Operating Leases |  |  | Finance Leases |
Less than one year |  | $ | 403,298 |  |  | $ | 835 |
One to five years |  |  | 434,317 |  |  |  | 3,545 |
More than five years |  |  | — |  |  |  | 2,594 |
Total undiscounted lease receipts |  | $ | 837,615 |  |  | $ | 6,974 |
Unearned finance income on lease receipts |  |  |  |  |  | (1,347 | )
Net investment in the lease |  |  |  |  | $ | 5,627 |

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