XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

LEASES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
LEASES [Abstract] |
Components of Lease Cost | The following table presents components of lease cost and classification on the Condensed Consolidated Statements of Operations:
|  |  |  | Three Months Ended June30, |  |  | Six Months Ended June30, |
in thousands |  | Consolidated Statement of Operations Classification |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating Lease Cost |  | Selling, general and administrative |  | $ | 4,819 |  |  | $ | 4,883 |  |  | $ | 9,619 |  |  | $ | 9,755 |
Finance lease cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | Depreciation and amortization |  |  | 418 |  |  |  | - |  |  |  | 787 |  |  |  | - |
Interest on lease Liabilities |  | Interest expense |  |  | 552 |  |  |  | - |  |  |  | 1,039 |  |  |  | - |
Variable lease cost |  | Selling, general and administrative |  |  | 88 |  |  |  | 66 |  |  |  | 176 |  |  |  | 133 |
|  |  |  | $ | 5,877 |  |  | $ | 4,949 |  |  | $ | 11,621 |  |  | $ | 9,888 |
Supplemental Cash Flow Information and Non-cash Activity Related to Leases | Supplemental cash flow information and non-cash activity related to our leases are as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cash flow information: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |  |  |  |  |
Operating Cash Flows - operating leases |  | $ | 4,515 |  |  | $ | 4,278 |  |  | $ | 9,010 |  |  | $ | 8,196 |
Operating Cash Flows - finance leases |  | $ | 552 |  |  | $ | - |  |  | $ | 1,039 |  |  | $ | - |
Financing Cash Flows - finance leases |  | $ | 107 |  |  | $ | - |  |  | $ | 64 |  |  | $ | - |
Non-cash activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lease liabilities arising from obtaining right-of-use assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 6,681 |  |  | $ | - |  |  | $ | 22,395 |  |  | $ | 2,142 |
Finance leases |  | $ | - |  |  | $ | - |  |  | $ | 12,570 |  |  | $ | - |
Weighted Average Remaining Lease Term and Discount Rate | Weighted-average remaining lease term and discount rate for our leases are as follows:
|  | As of June 30, |
|  | 2024 |  |  | 2023 |
Weighted-average remaining lease term |  |  |  |  |  |
Operating leases |  | 12.11 years |  |  | 11.13 years |
Finance leases |  | 16.83 years |  |  |  | - |
Weighted-average discount rate |  |  |  |  |  |  |
Operating leases |  |  | 6.74 | % |  |  | 6.92 | %
Finance leases |  |  | 7.71 | % |  |  | - |
Maturities of Lease Liabilities | Maturities of lease liabilities by fiscal year for our leases as of June 30, 2024, are as follows:
|  | Operating Leases |  |  | Finance Leases |
Year ending December 31, |  |  |  |  |  |
2024 (excluding the six months ending June 30, 2024) |  | $ | 9,043 |  |  | $ | 557 |
2025 |  |  | 19,518 |  |  |  | 506 |
2026 |  |  | 17,237 |  |  |  | 2,817 |
2027 |  |  | 14,402 |  |  |  | 2,917 |
2028 |  |  | 14,285 |  |  |  | 3,023 |
2029 |  |  | 11,955 |  |  |  | 3,132 |
Thereafter |  |  | 85,105 |  |  |  | 43,418 |
Total lease payments |  |  | 171,545 |  |  |  | 56,370 |
Less: imputed interest |  |  | (53,664 | ) |  |  | (27,668 | )
Present value of lease liabilities |  | $ | 117,881 |  |  | $ | 28,702 |

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating and financing lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating and financing lease liability recognized in statement of financial position. + References No definition available. + Details
Name: | linc_LesseeOperatingAndFinancingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | linc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information and non-cash activity related to operating and finance leases. + References No definition available. + Details
Name: | linc_OperatingAndFinancingLeaseSupplementalCashFlowInformationAndNonCashActivityTableTextBlock
Namespace Prefix: | linc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of weighted average remaining lease term, and weighted average discount rate related to operating and finance leases. + References No definition available. + Details
Name: | linc_OperatingAndFinancingLeaseWeightedAverageRemainingLeaseTermAndDiscountRateTableTextBlock
Namespace Prefix: | linc_
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