XML 44 R33.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Finance Leases and Lease Financing Obligations (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Lease, Cost
The following table presents information regarding assets acquired through finance lease and lease financing obligation agreements, which are related to sale-leaseback agreements (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Depreciation expense
$3,825 $3,660 $8,056 $7,225 
Total finance lease costs $3,740 $4,113 $7,897 $8,157 
Total interest expense included in finance lease costs$581 $713 $1,174 $1,452 
Total lease financing obligation costs $850 $346 $1,729 $678 
Total interest expense included in lease financing obligation costs$183 $86 $395 $159 
Cash paid on interest on finance lease and lease financing obligations$764 $799 $1,569 $1,610 
The following table presents information regarding the Company’s operating leases (in thousands). Total operating lease cost does not include costs related to services.

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Rental expense for both lease and non-lease components$1,914 $1,745 $3,897 $3,494 
Rental expense for both lease and non-lease components included in cost of revenue$1,621 $1,377 $3,311 $2,611 
Rental expense related to lease components$665 $735 $1,356 $1,474 
Total operating lease cost$2,826 $2,598 $5,809 $5,347 
Finance Lease, Liability, Fiscal Year Maturity
The future minimum commitments for these finance leases and lease financing obligations as of June 30, 2024 were as follows (in thousands):

Year Ending December 31,Finance leasesLease financing obligationsTotal
Remainder of 2024$9,110 $1,778 $10,888 
202510,760 2,921 13,681 
20264,988 — 4,988 
20271,001 — 1,001 
2028— — — 
Thereafter— — — 
Total future minimum lease and financing commitments25,859 4,699 30,558 
Less imputed interest(2,353)(491)(2,844)
Total finance lease and lease financing obligation liabilities$23,506 $4,208 $27,714 
The future minimum commitments for these operating leases as of June 30, 2024 were as follows (in thousands), which excludes amounts allocated to services under operating lease agreements that are considered non-lease components:

Year Ending December 31,
Remainder of 2024$1,215 
20252,054 
20262,056 
20272,118 
20282,073 
Thereafter1,479 
Total future minimum operating lease commitments10,995 
Less imputed interest(1,757)
Total liability$9,238