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Leases | 6 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Leases |
5. | Leases
As of June 30, 2024, the weighted-average remaining lease term was 7.0 and 3.3 years for operating and finance leases, respectively. As of June 30, 2024, the weighted-average discount rate was 3.7% and 3.7% for operating and finance leases, respectively. The components of lease expense were as follows (U.S. dollars in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease expense |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 5,873 |  |  | $ | 8,022 |  |  | $ | 11,939 |  |  | $ | 16,183 |
Variable lease cost |  |  | 964 |  |  |  | 412 |  |  |  | 2,740 |  |  |  | 1,487 |
Finance lease expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 725 |  |  |  | 1,603 |  |  |  | 1,483 |  |  |  | 2,603 |
Interest on lease liabilities |  |  | 94 |  |  |  | 123 |  |  |  | 203 |  |  |  | 257 |
Total lease expense |  | $ | 7,656 |  |  | $ | 10,160 |  |  | $ | 16,365 |  |  | $ | 20,530 |
Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):
|  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
Operating cash outflow from operating leases |  | $ | 12,515 |  |  | $ | 15,310 |
Operating cash outflow from finance leases |  | $ | 204 |  |  | $ | 260 |
Financing cash outflow from finance leases |  | $ | 1,560 |  |  | $ | 1,546 |
Right-of-use assets obtained in exchange for operating lease obligations |  | $ | 14,595 |  |  | $ | 14,052 |
Right-of-use assets obtained in exchange for finance lease obligations |  | $ | 10 |  |  | $ | 576 |
Maturities of lease liabilities were as follows (U.S. dollars in thousands):
Year Ending December 31 |  | Operating Leases |  |  | Finance Leases |
2024 |  | $ | 12,332 |  |  | $ | 1,569 |
2025 |  |  | 20,230 |  |  |  | 2,891 |
2026 |  |  | 15,540 |  |  |  | 2,884 |
2027 |  |  | 11,810 |  |  |  | 2,811 |
2028 |  |  | 8,738 |  |  |  | 60 |
Thereafter |  |  | 32,402 |  |  |  | — |
Total |  |  | 101,052 |  |  |  | 10,215 |
Less: Finance charges |  |  | 10,731 |  |  |  | 643 |
Total principal liability |  | $ | 90,321 |  |  | $ | 9,572 |

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- References No definition available. + Details
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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 + Details
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