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Leases | 3 Months Ended
--- | ---
Mar. 31, 2024
Leases [Abstract] |
Leases | Leases The Company leases various broadband network and telecommunications sites, fiber optic cable routes, warehouses, retail stores and office facilities for use in our business. The components of lease costs were as follows:
| Classification |  | Three Months Ended March 31,
(in thousands) |  |  | 2024 |  | 2023
Finance lease cost |  |  |  |  |
Amortization of leased assets | Depreciation |  | $ | 119 |  |  | $ | 119 |
Interest on lease liabilities | Interest expense |  | 19 |  |  | 20 |
Operating lease cost | Operating expense 1 |  | 736 |  |  | 856 |
Lease cost |  |  | $ | 874 |  |  | $ | 995 |
_________________________________________ (1)Operating lease expense is presented in cost of services or selling, general and administrative expense based on the use of the relevant facility. The following table summarizes the expected maturity of lease liabilities as of March 31, 2024:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2024 (remainder of the year) |  | $ | 1,893 |  |  | $ | 73 |  |  | $ | 1,966 |
2025 |  | 2,643 |  |  | 180 |  |  | 2,823 |
2026 |  | 1,841 |  |  | 153 |  |  | 1,994 |
2027 |  | 979 |  |  | 155 |  |  | 1,134 |
2028 |  | 698 |  |  | 158 |  |  | 856 |
2029 and thereafter |  | 7,752 |  |  | 1,201 |  |  | 8,953 |
Total lease payments |  | 15,806 |  |  | 1,920 |  |  | 17,726 |
Less: Interest |  | (5,178) |  |  | (507) |  |  | (5,685) |
Present value of lease liabilities |  | $ | 10,628 |  |  | $ | 1,413 |  |  | $ | 12,041 |
Other information related to operating and finance leases was as follows:
| March 31, 2024 |  | December 31, 2023
Operating leases |  |  |
Weighted average remaining lease term (years) | 10.4 |  | 7.1
Weighted average discount rate | 5.8 | % |  | 5.0 | %
Finance leases |  |  |
Weighted average remaining lease term (years) | 12.3 |  | 12.3
Weighted average discount rate | 5.2 | % |  | 5.2 | %
|  | Three Months Ended March 31,
(in thousands) |  | 2024 |  | 2023
Cash paid for operating lease liabilities |  | $ | 765 |  |  | $ | 877 |
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases) |  | 1,737 |  |  | 1,493 |
Leases | Leases The Company leases various broadband network and telecommunications sites, fiber optic cable routes, warehouses, retail stores and office facilities for use in our business. The components of lease costs were as follows:
| Classification |  | Three Months Ended March 31,
(in thousands) |  |  | 2024 |  | 2023
Finance lease cost |  |  |  |  |
Amortization of leased assets | Depreciation |  | $ | 119 |  |  | $ | 119 |
Interest on lease liabilities | Interest expense |  | 19 |  |  | 20 |
Operating lease cost | Operating expense 1 |  | 736 |  |  | 856 |
Lease cost |  |  | $ | 874 |  |  | $ | 995 |
_________________________________________ (1)Operating lease expense is presented in cost of services or selling, general and administrative expense based on the use of the relevant facility. The following table summarizes the expected maturity of lease liabilities as of March 31, 2024:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2024 (remainder of the year) |  | $ | 1,893 |  |  | $ | 73 |  |  | $ | 1,966 |
2025 |  | 2,643 |  |  | 180 |  |  | 2,823 |
2026 |  | 1,841 |  |  | 153 |  |  | 1,994 |
2027 |  | 979 |  |  | 155 |  |  | 1,134 |
2028 |  | 698 |  |  | 158 |  |  | 856 |
2029 and thereafter |  | 7,752 |  |  | 1,201 |  |  | 8,953 |
Total lease payments |  | 15,806 |  |  | 1,920 |  |  | 17,726 |
Less: Interest |  | (5,178) |  |  | (507) |  |  | (5,685) |
Present value of lease liabilities |  | $ | 10,628 |  |  | $ | 1,413 |  |  | $ | 12,041 |
Other information related to operating and finance leases was as follows:
| March 31, 2024 |  | December 31, 2023
Operating leases |  |  |
Weighted average remaining lease term (years) | 10.4 |  | 7.1
Weighted average discount rate | 5.8 | % |  | 5.0 | %
Finance leases |  |  |
Weighted average remaining lease term (years) | 12.3 |  | 12.3
Weighted average discount rate | 5.2 | % |  | 5.2 | %
|  | Three Months Ended March 31,
(in thousands) |  | 2024 |  | 2023
Cash paid for operating lease liabilities |  | $ | 765 |  |  | $ | 877 |
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases) |  | 1,737 |  |  | 1,493 |
Leases | Leases The Company leases various broadband network and telecommunications sites, fiber optic cable routes, warehouses, retail stores and office facilities for use in our business. The components of lease costs were as follows:
| Classification |  | Three Months Ended March 31,
(in thousands) |  |  | 2024 |  | 2023
Finance lease cost |  |  |  |  |
Amortization of leased assets | Depreciation |  | $ | 119 |  |  | $ | 119 |
Interest on lease liabilities | Interest expense |  | 19 |  |  | 20 |
Operating lease cost | Operating expense 1 |  | 736 |  |  | 856 |
Lease cost |  |  | $ | 874 |  |  | $ | 995 |
_________________________________________ (1)Operating lease expense is presented in cost of services or selling, general and administrative expense based on the use of the relevant facility. The following table summarizes the expected maturity of lease liabilities as of March 31, 2024:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2024 (remainder of the year) |  | $ | 1,893 |  |  | $ | 73 |  |  | $ | 1,966 |
2025 |  | 2,643 |  |  | 180 |  |  | 2,823 |
2026 |  | 1,841 |  |  | 153 |  |  | 1,994 |
2027 |  | 979 |  |  | 155 |  |  | 1,134 |
2028 |  | 698 |  |  | 158 |  |  | 856 |
2029 and thereafter |  | 7,752 |  |  | 1,201 |  |  | 8,953 |
Total lease payments |  | 15,806 |  |  | 1,920 |  |  | 17,726 |
Less: Interest |  | (5,178) |  |  | (507) |  |  | (5,685) |
Present value of lease liabilities |  | $ | 10,628 |  |  | $ | 1,413 |  |  | $ | 12,041 |
Other information related to operating and finance leases was as follows:
| March 31, 2024 |  | December 31, 2023
Operating leases |  |  |
Weighted average remaining lease term (years) | 10.4 |  | 7.1
Weighted average discount rate | 5.8 | % |  | 5.0 | %
Finance leases |  |  |
Weighted average remaining lease term (years) | 12.3 |  | 12.3
Weighted average discount rate | 5.2 | % |  | 5.2 | %
|  | Three Months Ended March 31,
(in thousands) |  | 2024 |  | 2023
Cash paid for operating lease liabilities |  | $ | 765 |  |  | $ | 877 |
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases) |  | 1,737 |  |  | 1,493 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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