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LEASES

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

LEASES

15. LEASES

Our lease obligations consist of operating and finance leases related to real estate and equipment. The components of lease cost are as follows (in thousands):

									Years Ended December 31,
			Income Statement Classification						2019															2020						2021
Operating lease cost			Facilities and grounds expense(1)						$	3,722														$	3,795					$	3,762
Short-term lease cost			Facilities and grounds expense(1)						250															185						193
Variable lease cost			Facilities and grounds expense(1)						27															39						160
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	498														$	439					$	438
Interest on lease liabilities			Interest expense						520															496						471
Total finance lease cost									1,018															935						909
Total lease cost									$	5,017														$	4,954					$	5,024

(1)			Facilities and grounds expense is included within Cost of service and General, administrative and other on our Consolidated Statements of Operations.
(2)			Depreciation and amortization expense is included within Field depreciation expense and Home office depreciation and amortization on our Consolidated Statements of Operations.

Supplemental cash flow information related to our leases is as follows (in thousands):

			Years Ended December 31,
			2019						2020						2021
Cash paid for operating leases included in operating activities			$	3,910					$	3,383					$	3,822
Cash paid for finance leases included in financing activities			872						828						835

Right-of-use assets obtained in exchange for new leases are as follows (in thousands):

			Years Ended December 31,
			2020						2021
Right-of-use assets obtained in exchange for new operating lease liabilities			$	782					$	(1,313)
Right-of-use assets obtained in exchange for new finance lease liabilities			—						—

During the year ended December 31, 2021, we received a leasehold improvement allowance of $1.4 million for the renovation of our home office space in Houston, Texas from our lessor. We recorded a leasehold improvement asset as property,

plant and equipment and reduced our right-of-use asset by $1.4 million. The leasehold improvement allowance will be recognized prospectively by ratably reducing the lease expense over the remaining lease term.

Supplemental balance sheet information related to leases is as follows (in thousands):

Lease Type						Balance Sheet Classification						December 31, 2020						December 31, 2021
Operating lease right-of-use assets						Operating lease right-of-use assets						$	21,201					$	17,881
Finance lease right-of-use assets						Property, plant and equipment, net						6,770						6,770
Accumulated depreciation						Property, plant and equipment, net						(2,005)						(2,443)
Finance lease right-of-use assets, net												$	4,765					$	4,327
Operating lease current liabilities						Current portion of operating lease obligations						$	2,082					$	1,913
Finance lease current liabilities						Current portion of finance lease obligations						323						375
Total current lease liabilities												$	2,405					$	2,288
Operating lease non-current liabilities						Obligations under operating leases, net of current portion						$	20,302					$	18,520
Finance lease non-current liabilities						Obligations under finance leases, net of current portion						5,531						5,157
Total non-current lease liabilities												$	25,833					$	23,677
Total lease liabilities												$	28,238					$	25,965

The average lease terms and discount rates at December 31, 2021 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			9.8						8.1		%
Finance leases			12.1						8.2		%

The aggregate future lease payments for operating and finance leases at December 31, 2021 are as follows (in thousands):

			Operating						Finance
Lease payments due:
2022			$	3,470					$	868
2023			3,342						860
2024			3,316						791
2025			3,161						736
2026			3,129						745
Thereafter			13,059						4,810
Total lease payments			$	29,477					$	8,810
Less: Interest			(9,044)						(3,278)
Present value of lease liabilities			$	20,433					$	5,532

At December 31, 2021, we had no additional significant operating or finance leases that had not yet commenced

LEASES

15. LEASES

Our lease obligations consist of operating and finance leases related to real estate and equipment. The components of lease cost are as follows (in thousands):

									Years Ended December 31,
			Income Statement Classification						2019															2020						2021
Operating lease cost			Facilities and grounds expense(1)						$	3,722														$	3,795					$	3,762
Short-term lease cost			Facilities and grounds expense(1)						250															185						193
Variable lease cost			Facilities and grounds expense(1)						27															39						160
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	498														$	439					$	438
Interest on lease liabilities			Interest expense						520															496						471
Total finance lease cost									1,018															935						909
Total lease cost									$	5,017														$	4,954					$	5,024

(1)			Facilities and grounds expense is included within Cost of service and General, administrative and other on our Consolidated Statements of Operations.
(2)			Depreciation and amortization expense is included within Field depreciation expense and Home office depreciation and amortization on our Consolidated Statements of Operations.

Supplemental cash flow information related to our leases is as follows (in thousands):

			Years Ended December 31,
			2019						2020						2021
Cash paid for operating leases included in operating activities			$	3,910					$	3,383					$	3,822
Cash paid for finance leases included in financing activities			872						828						835

Right-of-use assets obtained in exchange for new leases are as follows (in thousands):

			Years Ended December 31,
			2020						2021
Right-of-use assets obtained in exchange for new operating lease liabilities			$	782					$	(1,313)
Right-of-use assets obtained in exchange for new finance lease liabilities			—						—

During the year ended December 31, 2021, we received a leasehold improvement allowance of $1.4 million for the renovation of our home office space in Houston, Texas from our lessor. We recorded a leasehold improvement asset as property,

plant and equipment and reduced our right-of-use asset by $1.4 million. The leasehold improvement allowance will be recognized prospectively by ratably reducing the lease expense over the remaining lease term.

Supplemental balance sheet information related to leases is as follows (in thousands):

Lease Type						Balance Sheet Classification						December 31, 2020						December 31, 2021
Operating lease right-of-use assets						Operating lease right-of-use assets						$	21,201					$	17,881
Finance lease right-of-use assets						Property, plant and equipment, net						6,770						6,770
Accumulated depreciation						Property, plant and equipment, net						(2,005)						(2,443)
Finance lease right-of-use assets, net												$	4,765					$	4,327
Operating lease current liabilities						Current portion of operating lease obligations						$	2,082					$	1,913
Finance lease current liabilities						Current portion of finance lease obligations						323						375
Total current lease liabilities												$	2,405					$	2,288
Operating lease non-current liabilities						Obligations under operating leases, net of current portion						$	20,302					$	18,520
Finance lease non-current liabilities						Obligations under finance leases, net of current portion						5,531						5,157
Total non-current lease liabilities												$	25,833					$	23,677
Total lease liabilities												$	28,238					$	25,965

The average lease terms and discount rates at December 31, 2021 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			9.8						8.1		%
Finance leases			12.1						8.2		%

The aggregate future lease payments for operating and finance leases at December 31, 2021 are as follows (in thousands):

			Operating						Finance
Lease payments due:
2022			$	3,470					$	868
2023			3,342						860
2024			3,316						791
2025			3,161						736
2026			3,129						745
Thereafter			13,059						4,810
Total lease payments			$	29,477					$	8,810
Less: Interest			(9,044)						(3,278)
Present value of lease liabilities			$	20,433					$	5,532

At December 31, 2021, we had no additional significant operating or finance leases that had not yet commenced.

X

- References

No definition available.

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X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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