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LEASES

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

LEASES

LEASES

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

									Three months ended June 30,												Six months ended June 30,
			Income Statement Classification						2022						2023						2022						2023
Operating lease cost			Facilities and grounds expense(1)						$	853					$	917					$	1,701					$	1,792
Short-term lease cost			Facilities and grounds expense(1)						76						92						178						186
Variable lease cost			Facilities and grounds expense(1)						16						56						23						114
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	109					$	109					$	217					$	217
Interest on lease liabilities			Interest expense						112						103						225						208
Total finance lease cost									221						212						442						425
Total lease cost									$	1,166					$	1,277					$	2,344					$	2,517

(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 General, administrative and other on our Consolidated Statements of Operations.

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

			Six months ended June 30,
			2022						2023
Cash paid for operating leases included in operating activities			$	1,795					$	1,934
Cash paid for finance leases included in financing activities			426						447

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

			Six months ended June 30,
			2022						2023
Right-of-use assets obtained in exchange for new operating lease liabilities			$	576					$	1,067
Right-of-use assets obtained in exchange for new finance lease liabilities			—						—

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

Lease Type						Balance Sheet Classification						December 31, 2022						June 30, 2023
Operating lease right-of-use assets						Operating lease right-of-use assets						$	17,060					$	17,123
Finance lease right-of-use assets						Property, plant and equipment, net						$	6,770					$	6,770
Accumulated depreciation						Property, plant and equipment, net						(2,881)						(3,098)
Finance lease right-of-use assets, net												$	3,889					$	3,672
Operating lease current liabilities						Current portion of operating lease obligations						$	2,203					$	2,581
Finance lease current liabilities						Current portion of finance lease obligations						414						409
Total current lease liabilities												$	2,617					$	2,990
Operating lease non-current liabilities						Obligations under operating leases, net of current portion						$	17,315					$	16,860
Finance lease non-current liabilities						Obligations under finance leases, net of current portion						4,743						4,537
Total non-current lease liabilities												$	22,058					$	21,397
Total lease liabilities												$	24,675					$	24,387

The average lease terms and discount rates at June 30, 2023 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			8.3						8.1		%
Finance leases			11.1						8.1		%

The aggregate future lease payments for non-cancelable operating and finance leases at June 30, 2023 are as follows (in thousands):

			Operating						Finance
Lease payments due:
Remainder of 2023			$	1,973					$	423
2024			3,942						791
2025			3,651						736
2026			3,528						746
2027			3,375						746
Thereafter			10,011						4,064
Total lease payments			26,480						7,506
Less: Interest			(7,039)						(2,560)
Present value of lease liabilities			$	19,441					$	4,946

At June 30, 2023, we had no significant operating or finance leases that had not yet commenced.

LEASES

LEASES

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

									Three months ended June 30,												Six months ended June 30,
			Income Statement Classification						2022						2023						2022						2023
Operating lease cost			Facilities and grounds expense(1)						$	853					$	917					$	1,701					$	1,792
Short-term lease cost			Facilities and grounds expense(1)						76						92						178						186
Variable lease cost			Facilities and grounds expense(1)						16						56						23						114
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	109					$	109					$	217					$	217
Interest on lease liabilities			Interest expense						112						103						225						208
Total finance lease cost									221						212						442						425
Total lease cost									$	1,166					$	1,277					$	2,344					$	2,517

(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 General, administrative and other on our Consolidated Statements of Operations.

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

			Six months ended June 30,
			2022						2023
Cash paid for operating leases included in operating activities			$	1,795					$	1,934
Cash paid for finance leases included in financing activities			426						447

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

			Six months ended June 30,
			2022						2023
Right-of-use assets obtained in exchange for new operating lease liabilities			$	576					$	1,067
Right-of-use assets obtained in exchange for new finance lease liabilities			—						—

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

Lease Type						Balance Sheet Classification						December 31, 2022						June 30, 2023
Operating lease right-of-use assets						Operating lease right-of-use assets						$	17,060					$	17,123
Finance lease right-of-use assets						Property, plant and equipment, net						$	6,770					$	6,770
Accumulated depreciation						Property, plant and equipment, net						(2,881)						(3,098)
Finance lease right-of-use assets, net												$	3,889					$	3,672
Operating lease current liabilities						Current portion of operating lease obligations						$	2,203					$	2,581
Finance lease current liabilities						Current portion of finance lease obligations						414						409
Total current lease liabilities												$	2,617					$	2,990
Operating lease non-current liabilities						Obligations under operating leases, net of current portion						$	17,315					$	16,860
Finance lease non-current liabilities						Obligations under finance leases, net of current portion						4,743						4,537
Total non-current lease liabilities												$	22,058					$	21,397
Total lease liabilities												$	24,675					$	24,387

The average lease terms and discount rates at June 30, 2023 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			8.3						8.1		%
Finance leases			11.1						8.1		%

The aggregate future lease payments for non-cancelable operating and finance leases at June 30, 2023 are as follows (in thousands):

			Operating						Finance
Lease payments due:
Remainder of 2023			$	1,973					$	423
2024			3,942						791
2025			3,651						736
2026			3,528						746
2027			3,375						746
Thereafter			10,011						4,064
Total lease payments			26,480						7,506
Less: Interest			(7,039)						(2,560)
Present value of lease liabilities			$	19,441					$	4,946

At June 30, 2023, we had no significant operating or finance leases that had not yet commenced.

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- References

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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

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- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

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