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Leases
 6 Months Ended
Jun. 30, 2024
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):
Three months ended June 30,Six months ended June 30,
Income Statement Classification2024202320242023
Operating lease cost
Facilities and grounds expense(1)
$999 $917 $1,977 $1,792 
Short-term lease cost
Facilities and grounds expense(1)
76 92 94 186 
Variable lease cost
Facilities and grounds expense(1)
88 56 192 114 
Finance lease cost:
Depreciation of leased assets
Depreciation and amortization(2)
$126 $109 $252 $217 
Interest on lease liabilitiesInterest expense122 103 247 208 
Total finance lease cost248 212 499 425 
Total lease cost$1,411 $1,277 $2,762 $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,
20242023
Cash paid for operating leases included in operating activities$2,149 $1,934 
Cash paid for finance leases included in financing activities546 447 
Right-of-use assets obtained in exchange for new leases is as follows (in thousands):
Six months ended June 30,
20242023
Right-of-use assets obtained in exchange for new operating lease liabilities$1,023 $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 TypeBalance Sheet ClassificationJune 30, 2024December 31, 2023
Operating lease right-of-use assetsOperating lease right-of-use assets$16,058 $16,295 
Finance lease right-of-use assetsProperty, plant and equipment, net$7,870 $8,249 
Accumulated depreciationProperty, plant and equipment, net(3,288)(3,059)
Finance lease right-of-use assets, net$4,582 $5,190 
Operating lease current liabilitiesCurrent portion of operating lease obligations$2,843 $2,713 
Finance lease current liabilitiesCurrent portion of finance lease obligations510 592 
Total current lease liabilities$3,353 $3,305 
Operating lease non-current liabilitiesObligations under operating leases, net of current portion$15,263 $15,797 
Finance lease non-current liabilitiesObligations under finance leases, net of current portion5,304 5,831 
Total non-current lease liabilities$20,567 $21,628 
Total lease liabilities$23,920 $24,933 
The average lease terms and discount rates at June 30, 2024 are as follows:
Weighted-average remaining lease term (years)Weighted-average discount rate
Operating leases7.58.1 %
Finance leases10.28.3 %
The aggregate future lease payments for non-cancelable operating and finance leases at June 30, 2024 are as follows (in thousands):
OperatingFinance
Lease payments due:
Remainder of 2024$2,158 $506 
20254,006 964 
20263,870 974 
20273,627 974 
20283,344 723 
Thereafter6,867 4,512 
Total lease payments23,872 8,653 
Less: Interest(5,766)(2,839)
Present value of lease liabilities$18,106 $5,814 
At June 30, 2024, 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):
Three months ended June 30,Six months ended June 30,
Income Statement Classification2024202320242023
Operating lease cost
Facilities and grounds expense(1)
$999 $917 $1,977 $1,792 
Short-term lease cost
Facilities and grounds expense(1)
76 92 94 186 
Variable lease cost
Facilities and grounds expense(1)
88 56 192 114 
Finance lease cost:
Depreciation of leased assets
Depreciation and amortization(2)
$126 $109 $252 $217 
Interest on lease liabilitiesInterest expense122 103 247 208 
Total finance lease cost248 212 499 425 
Total lease cost$1,411 $1,277 $2,762 $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,
20242023
Cash paid for operating leases included in operating activities$2,149 $1,934 
Cash paid for finance leases included in financing activities546 447 
Right-of-use assets obtained in exchange for new leases is as follows (in thousands):
Six months ended June 30,
20242023
Right-of-use assets obtained in exchange for new operating lease liabilities$1,023 $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 TypeBalance Sheet ClassificationJune 30, 2024December 31, 2023
Operating lease right-of-use assetsOperating lease right-of-use assets$16,058 $16,295 
Finance lease right-of-use assetsProperty, plant and equipment, net$7,870 $8,249 
Accumulated depreciationProperty, plant and equipment, net(3,288)(3,059)
Finance lease right-of-use assets, net$4,582 $5,190 
Operating lease current liabilitiesCurrent portion of operating lease obligations$2,843 $2,713 
Finance lease current liabilitiesCurrent portion of finance lease obligations510 592 
Total current lease liabilities$3,353 $3,305 
Operating lease non-current liabilitiesObligations under operating leases, net of current portion$15,263 $15,797 
Finance lease non-current liabilitiesObligations under finance leases, net of current portion5,304 5,831 
Total non-current lease liabilities$20,567 $21,628 
Total lease liabilities$23,920 $24,933 
The average lease terms and discount rates at June 30, 2024 are as follows:
Weighted-average remaining lease term (years)Weighted-average discount rate
Operating leases7.58.1 %
Finance leases10.28.3 %
The aggregate future lease payments for non-cancelable operating and finance leases at June 30, 2024 are as follows (in thousands):
OperatingFinance
Lease payments due:
Remainder of 2024$2,158 $506 
20254,006 964 
20263,870 974 
20273,627 974 
20283,344 723 
Thereafter6,867 4,512 
Total lease payments23,872 8,653 
Less: Interest(5,766)(2,839)
Present value of lease liabilities$18,106 $5,814 
At June 30, 2024, we had no significant operating or finance leases that had not yet commenced.