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Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases At December 31, 2022, our operating leases had a weighted average remaining lease term of twenty years and a weighted average discount rate of 4.5%. Our finance leases had a weighted average remaining lease term of thirteen years and a weighted average discount rate of 5.2%. We recognized $7.6 million, $7.1 million and $6.6 million of operating lease expense for the years ended December 31, 2022, 2021 and 2020, respectively. We recognized $0.6 million of interest and depreciation expense on finance leases for each of the years ended December 31, 2022, 2021 and 2020. Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Variable lease payments and short-term lease expense were both immaterial. We remitted $6.1 million, $5.6 million, and $4.4 million of operating lease payments during the years ended December 31, 2022, 2021 and 2020, respectively. We also obtained $2.5 million, $11.1 million and $6.8 million of leased assets in exchange for new operating lease liabilities, including new and modified agreements, recognized during the years ended December 31, 2022, 2021 and 2020, respectively. The following table summarizes the expected maturity of lease liabilities at December 31, 2022:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2023 |  | $ | 4,987 |  |  | $ | 176 |  |  | $ | 5,163 |
2024 |  | 5,102 |  |  | 178 |  |  | 5,280 |
2025 |  | 4,897 |  |  | 180 |  |  | 5,077 |
2026 |  | 4,405 |  |  | 153 |  |  | 4,558 |
2027 |  | 3,634 |  |  | 155 |  |  | 3,789 |
2028 and thereafter |  | 64,443 |  |  | 1,359 |  |  | 65,802 |
Total lease payments |  | 87,468 |  |  | 2,201 |  |  | 89,669 |
Less: interest |  | (34,162) |  |  | (604) |  |  | (34,766) |
Present value of lease liabilities |  | $ | 53,306 |  |  | $ | 1,597 |  |  | $ | 54,903 |
We recognized $18.4 million, $11.1 million, and $9.1 million of operating lease revenue for the years ended December 31, 2022, 2021 and 2020, respectively, related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in service revenue and other in the consolidated statements of comprehensive (loss) income. Substantially all of our lease revenue relates to fixed lease payments. Below is a summary of our contractual minimum rental receipts expected under the lease agreements in place at December 31, 2022:
(in thousands) |  | Operating Leases
2023 |  | $ | 15,100 |
2024 |  | 13,710 |
2025 |  | 12,791 |
2026 |  | 9,754 |
2027 |  | 8,258 |
2028 and thereafter |  | 21,572 |
Total |  | $ | 81,185 |
Leases | Leases At December 31, 2022, our operating leases had a weighted average remaining lease term of twenty years and a weighted average discount rate of 4.5%. Our finance leases had a weighted average remaining lease term of thirteen years and a weighted average discount rate of 5.2%. We recognized $7.6 million, $7.1 million and $6.6 million of operating lease expense for the years ended December 31, 2022, 2021 and 2020, respectively. We recognized $0.6 million of interest and depreciation expense on finance leases for each of the years ended December 31, 2022, 2021 and 2020. Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Variable lease payments and short-term lease expense were both immaterial. We remitted $6.1 million, $5.6 million, and $4.4 million of operating lease payments during the years ended December 31, 2022, 2021 and 2020, respectively. We also obtained $2.5 million, $11.1 million and $6.8 million of leased assets in exchange for new operating lease liabilities, including new and modified agreements, recognized during the years ended December 31, 2022, 2021 and 2020, respectively. The following table summarizes the expected maturity of lease liabilities at December 31, 2022:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2023 |  | $ | 4,987 |  |  | $ | 176 |  |  | $ | 5,163 |
2024 |  | 5,102 |  |  | 178 |  |  | 5,280 |
2025 |  | 4,897 |  |  | 180 |  |  | 5,077 |
2026 |  | 4,405 |  |  | 153 |  |  | 4,558 |
2027 |  | 3,634 |  |  | 155 |  |  | 3,789 |
2028 and thereafter |  | 64,443 |  |  | 1,359 |  |  | 65,802 |
Total lease payments |  | 87,468 |  |  | 2,201 |  |  | 89,669 |
Less: interest |  | (34,162) |  |  | (604) |  |  | (34,766) |
Present value of lease liabilities |  | $ | 53,306 |  |  | $ | 1,597 |  |  | $ | 54,903 |
We recognized $18.4 million, $11.1 million, and $9.1 million of operating lease revenue for the years ended December 31, 2022, 2021 and 2020, respectively, related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in service revenue and other in the consolidated statements of comprehensive (loss) income. Substantially all of our lease revenue relates to fixed lease payments. Below is a summary of our contractual minimum rental receipts expected under the lease agreements in place at December 31, 2022:
(in thousands) |  | Operating Leases
2023 |  | $ | 15,100 |
2024 |  | 13,710 |
2025 |  | 12,791 |
2026 |  | 9,754 |
2027 |  | 8,258 |
2028 and thereafter |  | 21,572 |
Total |  | $ | 81,185 |
Leases | Leases At December 31, 2022, our operating leases had a weighted average remaining lease term of twenty years and a weighted average discount rate of 4.5%. Our finance leases had a weighted average remaining lease term of thirteen years and a weighted average discount rate of 5.2%. We recognized $7.6 million, $7.1 million and $6.6 million of operating lease expense for the years ended December 31, 2022, 2021 and 2020, respectively. We recognized $0.6 million of interest and depreciation expense on finance leases for each of the years ended December 31, 2022, 2021 and 2020. Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Variable lease payments and short-term lease expense were both immaterial. We remitted $6.1 million, $5.6 million, and $4.4 million of operating lease payments during the years ended December 31, 2022, 2021 and 2020, respectively. We also obtained $2.5 million, $11.1 million and $6.8 million of leased assets in exchange for new operating lease liabilities, including new and modified agreements, recognized during the years ended December 31, 2022, 2021 and 2020, respectively. The following table summarizes the expected maturity of lease liabilities at December 31, 2022:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2023 |  | $ | 4,987 |  |  | $ | 176 |  |  | $ | 5,163 |
2024 |  | 5,102 |  |  | 178 |  |  | 5,280 |
2025 |  | 4,897 |  |  | 180 |  |  | 5,077 |
2026 |  | 4,405 |  |  | 153 |  |  | 4,558 |
2027 |  | 3,634 |  |  | 155 |  |  | 3,789 |
2028 and thereafter |  | 64,443 |  |  | 1,359 |  |  | 65,802 |
Total lease payments |  | 87,468 |  |  | 2,201 |  |  | 89,669 |
Less: interest |  | (34,162) |  |  | (604) |  |  | (34,766) |
Present value of lease liabilities |  | $ | 53,306 |  |  | $ | 1,597 |  |  | $ | 54,903 |
We recognized $18.4 million, $11.1 million, and $9.1 million of operating lease revenue for the years ended December 31, 2022, 2021 and 2020, respectively, related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in service revenue and other in the consolidated statements of comprehensive (loss) income. Substantially all of our lease revenue relates to fixed lease payments. Below is a summary of our contractual minimum rental receipts expected under the lease agreements in place at December 31, 2022:
(in thousands) |  | Operating Leases
2023 |  | $ | 15,100 |
2024 |  | 13,710 |
2025 |  | 12,791 |
2026 |  | 9,754 |
2027 |  | 8,258 |
2028 and thereafter |  | 21,572 |
Total |  | $ | 81,185 |

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