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(Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Components of Lease Expense The components of lease cost are as follows (in thousands):
Three months ended March 31,
Income Statement Classification20232024
Operating lease cost
Facilities and grounds expense(1)
$875 $978 
Short-term lease cost
Facilities and grounds expense(1)
94 18 
Variable lease cost
Facilities and grounds expense(1)
58 104 
Finance lease cost:
Depreciation of leased assets
Depreciation and amortization(2)
$108 $126 
Interest on lease liabilitiesInterest expense105 125 
Total finance lease cost213 251 
Total lease cost$1,240 $1,351 
(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):
Three months ended March 31,
20232024
Cash paid for operating leases included in operating activities$951 $1,071 
Cash paid for finance leases included in financing activities223 277 
Right-of-use assets obtained in exchange for new leases is as follows (in thousands):
Three months ended March 31,
20232024
Right-of-use assets obtained in exchange for new operating lease liabilities$908 $852 
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 TypeBalance Sheet ClassificationDecember 31, 2023March 31, 2024
Operating lease right-of-use assetsOperating lease right-of-use assets$16,295 $16,512 
Finance lease right-of-use assetsProperty, plant and equipment, net$8,249 $7,870 
Accumulated depreciationProperty, plant and equipment, net(3,059)(3,162)
Finance lease right-of-use assets, net$5,190 $4,708 
Operating lease current liabilitiesCurrent portion of operating lease obligations$2,713 $2,840 
Finance lease current liabilitiesCurrent portion of finance lease obligations592 514 
Total current lease liabilities$3,305 $3,354 
Operating lease non-current liabilitiesObligations under operating leases, net of current portion$15,797 $15,802 
Finance lease non-current liabilitiesObligations under finance leases, net of current portion5,831 5,434 
Total non-current lease liabilities$21,628 $21,236 
Total lease liabilities$24,933 $24,590 
The average lease terms and discount rates at March 31, 2024 are as follows:
Weighted-average remaining lease term (years)Weighted-average discount rate
Operating leases7.68.1 %
Finance leases10.48.3 %
Maturities of Operating Lease Liabilities
The aggregate future lease payments for non-cancelable operating and finance leases at March 31, 2024 are as follows (in thousands):
OperatingFinance
Lease payments due:
Remainder of 2024$3,210 $774 
20253,960 964 
20263,824 974 
20273,583 974 
20283,314 723 
Thereafter6,854 4,512 
Total lease payments24,745 8,921 
Less: Interest(6,103)(2,973)
Present value of lease liabilities$18,642 $5,948 
Maturities of Financing Lease Liabilities
The aggregate future lease payments for non-cancelable operating and finance leases at March 31, 2024 are as follows (in thousands):
OperatingFinance
Lease payments due:
Remainder of 2024$3,210 $774 
20253,960 964 
20263,824 974 
20273,583 974 
20283,314 723 
Thereafter6,854 4,512 
Total lease payments24,745 8,921 
Less: Interest(6,103)(2,973)
Present value of lease liabilities$18,642 $5,948