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v3.23.3

Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Components of Lease Costs | The components of lease costs were as follows:
| Classification |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  |  | 2023 |  | 2022 |  | 2023 |  | 2022
Finance lease cost |  |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation |  | $ | 120 |  |  | $ | 119 |  |  | $ | 358 |  |  | $ | 357 |
Interest on lease liabilities | Interest expense |  | 20 |  |  | 21 |  |  | 59 |  |  | 63 |
Operating lease cost | Operating expense 1 |  | 1,693 |  |  | 2,680 |  |  | 5,298 |  |  | 8,342 |
Lease cost |  |  | $ | 1,833 |  |  | $ | 2,820 |  |  | $ | 5,715 |  |  | $ | 8,762 |
_________________________________________ (1)Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Other information related to operating and finance leases was as follows:
| September 30, 2023 |  | December 31, 2022
Operating leases |  |  |
Weighted average remaining lease term (years) | 19.3 |  | 19.8
Weighted average discount rate | 4.9 | % |  | 4.5 | %
Finance leases |  |  |
Weighted average remaining lease term (years) | 12.6 |  | 13.1
Weighted average discount rate | 5.2 | % |  | 5.2 | %
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Cash paid for operating lease liabilities | $ | 1,662 |  |  | $ | 1,513 |  |  | $ | 4,843 |  |  | $ | 4,616 |
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases) | 508 |  |  | 1,213 |  |  | 2,229 |  |  | 3,283 |
Schedule of Expected Maturity of Lease Liabilities, Operating | The following table summarizes the expected maturity of lease liabilities as of September 30, 2023:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2023 |  | $ | 1,265 |  |  | $ | 20 |  |  | $ | 1,285 |
2024 |  | 5,862 |  |  | 178 |  |  | 6,040 |
2025 |  | 5,529 |  |  | 180 |  |  | 5,709 |
2026 |  | 4,682 |  |  | 153 |  |  | 4,835 |
2027 |  | 3,854 |  |  | 155 |  |  | 4,009 |
2028 and thereafter |  | 66,096 |  |  | 1,359 |  |  | 67,455 |
Total lease payments |  | 87,288 |  |  | 2,045 |  |  | 89,333 |
Less: Interest |  | (34,660) |  |  | (545) |  |  | (35,205) |
Present value of lease liabilities |  | $ | 52,628 |  |  | $ | 1,500 |  |  | $ | 54,128 |
Schedule of Expected Maturity of Lease Liabilities, Financing | The following table summarizes the expected maturity of lease liabilities as of September 30, 2023:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2023 |  | $ | 1,265 |  |  | $ | 20 |  |  | $ | 1,285 |
2024 |  | 5,862 |  |  | 178 |  |  | 6,040 |
2025 |  | 5,529 |  |  | 180 |  |  | 5,709 |
2026 |  | 4,682 |  |  | 153 |  |  | 4,835 |
2027 |  | 3,854 |  |  | 155 |  |  | 4,009 |
2028 and thereafter |  | 66,096 |  |  | 1,359 |  |  | 67,455 |
Total lease payments |  | 87,288 |  |  | 2,045 |  |  | 89,333 |
Less: Interest |  | (34,660) |  |  | (545) |  |  | (35,205) |
Present value of lease liabilities |  | $ | 52,628 |  |  | $ | 1,500 |  |  | $ | 54,128 |
Schedule of Minimum Rental Receipts Under Lease Agreement Lessor, Operating Leases | Below is a summary of our minimum rental receipts under the lease agreements in place as of September 30, 2023:
(in thousands) |  | Operating Leases
2023 |  | $ | 4,311 |
2024 |  | 16,206 |
2025 |  | 15,126 |
2026 |  | 12,086 |
2027 |  | 10,596 |
2028 and thereafter |  | 25,199 |
Total |  | $ | 83,524 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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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 undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + 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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