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Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

LEASES

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

									Years Ended December 31,
			Income Statement Classification						2021															2022						2023
Operating lease cost			Facilities and grounds expense(1)						$	3,762														$	3,375					$	3,526
Short-term lease cost			Facilities and grounds expense(1)						193															329						372
Variable lease cost			Facilities and grounds expense(1)						160															324						234
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	438														$	438					$	541
Interest on lease liabilities			Interest expense						471															442						500
Total finance lease cost									909															880						1,041
Total lease cost									$	5,024														$	4,908					$	5,173

(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):

			Years Ended December 31,
			2021						2022						2023
Cash paid for operating leases included in operating activities			$	3,822					$	3,671					$	3,779
Cash paid for finance leases included in financing activities			835						868						1,153

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

			Years Ended December 31,
			2022						2023
Right-of-use assets obtained in exchange for new operating lease liabilities			$	674					$	1,243
Right-of-use assets obtained in exchange for new finance lease liabilities			—						1,896

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

Lease Type						Balance Sheet Classification						December 31, 2022						December 31, 2023
Operating lease right-of-use assets						Operating lease right-of-use assets						$	17,060					$	16,295
Finance lease right-of-use assets						Property, plant and equipment, net						6,770						8,249
Accumulated depreciation						Property, plant and equipment, net						(2,881)						(3,059)
Finance lease right-of-use assets, net												$	3,889					$	5,190
Operating lease current liabilities						Current portion of operating lease obligations						$	2,203					$	2,713
Finance lease current liabilities						Current portion of finance lease obligations						414						592
Total current lease liabilities												$	2,617					$	3,305
Operating lease non-current liabilities						Obligations under operating leases, net of current portion						$	17,315					$	15,797
Finance lease non-current liabilities						Obligations under finance leases, net of current portion						4,743						5,831
Total non-current lease liabilities												$	22,058					$	21,628
Total lease liabilities												$	24,675					$	24,933

The average lease terms and discount rates at December 31, 2023 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			7.9						8.1		%
Finance leases			10.2						8.3		%

The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2023 are as follows (in thousands):

			Operating						Finance
Lease payments due:
2024			$	4,004					$	1,152
2025			3,712						1,066
2026			3,606						1,093
2027			3,441						1,016
2028			3,232						772
Thereafter			6,853						4,512
Total lease payments			$	24,848					$	9,611
Less: Interest			(6,338)						(3,188)
Present value of lease liabilities			$	18,510					$	6,423

At December 31, 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, vehicles and equipment. The components of lease cost are as follows (in thousands):

									Years Ended December 31,
			Income Statement Classification						2021															2022						2023
Operating lease cost			Facilities and grounds expense(1)						$	3,762														$	3,375					$	3,526
Short-term lease cost			Facilities and grounds expense(1)						193															329						372
Variable lease cost			Facilities and grounds expense(1)						160															324						234
Finance lease cost:
Depreciation of leased assets			Depreciation and amortization(2)						$	438														$	438					$	541
Interest on lease liabilities			Interest expense						471															442						500
Total finance lease cost									909															880						1,041
Total lease cost									$	5,024														$	4,908					$	5,173

(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):

			Years Ended December 31,
			2021						2022						2023
Cash paid for operating leases included in operating activities			$	3,822					$	3,671					$	3,779
Cash paid for finance leases included in financing activities			835						868						1,153

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

			Years Ended December 31,
			2022						2023
Right-of-use assets obtained in exchange for new operating lease liabilities			$	674					$	1,243
Right-of-use assets obtained in exchange for new finance lease liabilities			—						1,896

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

Lease Type						Balance Sheet Classification						December 31, 2022						December 31, 2023
Operating lease right-of-use assets						Operating lease right-of-use assets						$	17,060					$	16,295
Finance lease right-of-use assets						Property, plant and equipment, net						6,770						8,249
Accumulated depreciation						Property, plant and equipment, net						(2,881)						(3,059)
Finance lease right-of-use assets, net												$	3,889					$	5,190
Operating lease current liabilities						Current portion of operating lease obligations						$	2,203					$	2,713
Finance lease current liabilities						Current portion of finance lease obligations						414						592
Total current lease liabilities												$	2,617					$	3,305
Operating lease non-current liabilities						Obligations under operating leases, net of current portion						$	17,315					$	15,797
Finance lease non-current liabilities						Obligations under finance leases, net of current portion						4,743						5,831
Total non-current lease liabilities												$	22,058					$	21,628
Total lease liabilities												$	24,675					$	24,933

The average lease terms and discount rates at December 31, 2023 are as follows:

			Weighted-average remaining lease term (years)						Weighted-average discount rate
Operating leases			7.9						8.1		%
Finance leases			10.2						8.3		%

The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2023 are as follows (in thousands):

			Operating						Finance
Lease payments due:
2024			$	4,004					$	1,152
2025			3,712						1,066
2026			3,606						1,093
2027			3,441						1,016
2028			3,232						772
Thereafter			6,853						4,512
Total lease payments			$	24,848					$	9,611
Less: Interest			(6,338)						(3,188)
Present value of lease liabilities			$	18,510					$	6,423

At December 31, 2023, we had no significant operating or finance leases that had not yet commenced.

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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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