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Leases
 9 Months Ended
Sep. 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 September 30,Nine months ended September 30,
Income Statement Classification2024202320242023
Operating lease cost
Facilities and grounds expense(1)
$1,007 $887 $2,984 $2,638 
Short-term lease cost
Facilities and grounds expense(1)
63 75 157 261 
Variable lease cost
Facilities and grounds expense(1)
86 69 278 183 
Finance lease cost:
Depreciation of leased assets
Depreciation and amortization(2)
$126 $190 $378 $407 
Interest on lease liabilitiesInterest expense119 137 366 345 
Total finance lease cost245 327 744 752 
Total lease cost$1,401 $1,358 $4,163 $3,834 
(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):
Nine months ended September 30,
20242023
Cash paid for operating leases included in operating activities$3,235 $2,840 
Cash paid for finance leases included in financing activities813 806 
Right-of-use assets obtained in exchange for new lease liabilities are as follows (in thousands):
Nine months ended September 30,
20242023
Right-of-use assets obtained in exchange for new operating lease liabilities$1,131 $412 
Right-of-use assets obtained in exchange for new finance lease liabilities1,027 2,703 
Supplemental balance sheet information related to leases is as follows (in thousands):
Lease TypeBalance Sheet ClassificationSeptember 30, 2024December 31, 2023
Operating lease right-of-use assetsOperating lease right-of-use assets$15,522 $16,295 
Finance lease right-of-use assetsProperty, plant and equipment, net$8,897 $8,249 
Accumulated depreciationProperty, plant and equipment, net(3,414)(3,059)
Finance lease right-of-use assets, net$5,483 $5,190 
Operating lease current liabilitiesCurrent portion of operating lease obligations$2,831 $2,713 
Finance lease current liabilitiesCurrent portion of finance lease obligations596 592 
Total current lease liabilities$3,427 $3,305 
Operating lease non-current liabilitiesObligations under operating leases, net of current portion$14,660 $15,797 
Finance lease non-current liabilitiesObligations under finance leases, net of current portion6,107 5,831 
Total non-current lease liabilities$20,767 $21,628 
Total lease liabilities$24,194 $24,933 
The average lease terms and discount rates at September 30, 2024 are as follows:
Weighted-average remaining lease term (years)Weighted-average discount rate
Operating leases7.38.1 %
Finance leases13.18.1 %
The aggregate future lease payments for non-cancelable operating and finance leases at September 30, 2024 are as follows (in thousands):
OperatingFinance
Lease payments due:
Remainder of 2024$1,088 $270 
20254,044 1,063 
20263,907 1,072 
20273,665 1,073 
20283,348 822 
Thereafter6,867 7,040 
Total lease payments22,919 11,340 
Less: Interest(5,428)(4,637)
Present value of lease liabilities$17,491 $6,703 
At September 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 September 30,Nine months ended September 30,
Income Statement Classification2024202320242023
Operating lease cost
Facilities and grounds expense(1)
$1,007 $887 $2,984 $2,638 
Short-term lease cost
Facilities and grounds expense(1)
63 75 157 261 
Variable lease cost
Facilities and grounds expense(1)
86 69 278 183 
Finance lease cost:
Depreciation of leased assets
Depreciation and amortization(2)
$126 $190 $378 $407 
Interest on lease liabilitiesInterest expense119 137 366 345 
Total finance lease cost245 327 744 752 
Total lease cost$1,401 $1,358 $4,163 $3,834 
(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):
Nine months ended September 30,
20242023
Cash paid for operating leases included in operating activities$3,235 $2,840 
Cash paid for finance leases included in financing activities813 806 
Right-of-use assets obtained in exchange for new lease liabilities are as follows (in thousands):
Nine months ended September 30,
20242023
Right-of-use assets obtained in exchange for new operating lease liabilities$1,131 $412 
Right-of-use assets obtained in exchange for new finance lease liabilities1,027 2,703 
Supplemental balance sheet information related to leases is as follows (in thousands):
Lease TypeBalance Sheet ClassificationSeptember 30, 2024December 31, 2023
Operating lease right-of-use assetsOperating lease right-of-use assets$15,522 $16,295 
Finance lease right-of-use assetsProperty, plant and equipment, net$8,897 $8,249 
Accumulated depreciationProperty, plant and equipment, net(3,414)(3,059)
Finance lease right-of-use assets, net$5,483 $5,190 
Operating lease current liabilitiesCurrent portion of operating lease obligations$2,831 $2,713 
Finance lease current liabilitiesCurrent portion of finance lease obligations596 592 
Total current lease liabilities$3,427 $3,305 
Operating lease non-current liabilitiesObligations under operating leases, net of current portion$14,660 $15,797 
Finance lease non-current liabilitiesObligations under finance leases, net of current portion6,107 5,831 
Total non-current lease liabilities$20,767 $21,628 
Total lease liabilities$24,194 $24,933 
The average lease terms and discount rates at September 30, 2024 are as follows:
Weighted-average remaining lease term (years)Weighted-average discount rate
Operating leases7.38.1 %
Finance leases13.18.1 %
The aggregate future lease payments for non-cancelable operating and finance leases at September 30, 2024 are as follows (in thousands):
OperatingFinance
Lease payments due:
Remainder of 2024$1,088 $270 
20254,044 1,063 
20263,907 1,072 
20273,665 1,073 
20283,348 822 
Thereafter6,867 7,040 
Total lease payments22,919 11,340 
Less: Interest(5,428)(4,637)
Present value of lease liabilities$17,491 $6,703 
At September 30, 2024, we had no significant operating or finance leases that had not yet commenced.