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Finance and operating leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Finance and operating leases Finance and operating leases
As a lessee, the Company has finance and operating leases for heavy equipment, shop facilities, vehicles and office facilities. These leases have terms of 1 to 15 years, with options to extend on certain leases for up to five years. The Company generates operating lease income from the sublease of certain office facilities and heavy equipment rentals.
a) Minimum lease payments and receipts
The future minimum lease payments and receipts from non-cancellable leases as at December 31, 2023, for the periods shown are as follows:
PaymentsReceipts
For the year ending December 31,Finance LeasesOperating LeasesOperating leases
2024$25,697 $2,307 $683 
202514,307 1,727 — 
20269,721 1,579 — 
20276,094 1,381 — 
2028 and thereafter2,081 9,358 — 
Total minimum lease payments$57,900 $16,352 $683 
Less: amount representing interest(5,049)(3,303)
Carrying amount of minimum lease payments$52,851 $13,049 
Less: current portion(23,691)(1,742)
Long term$29,160 $11,307 
b) Lease expenses and income
Year ended December 31,20232022
Short-term lease expense$15,305 $23,003 
Operating lease expense3,007 4,588 
Operating lease income(6,182)(6,831)
During the year ended December 31, 2023, depreciation of equipment under finance leases was $11,194 (December 31, 2022 - $18,573).
c) Supplemental information
December 31, 2023December 31, 2022
Weighted-average remaining lease term (in years):
Finance leases2.61.9
Operating leases10.310.2
Weighted-average discount rate:
Finance leases5.19 %3.53 %
Operating leases4.59 %4.64 %
Finance and operating leases Finance and operating leases
As a lessee, the Company has finance and operating leases for heavy equipment, shop facilities, vehicles and office facilities. These leases have terms of 1 to 15 years, with options to extend on certain leases for up to five years. The Company generates operating lease income from the sublease of certain office facilities and heavy equipment rentals.
a) Minimum lease payments and receipts
The future minimum lease payments and receipts from non-cancellable leases as at December 31, 2023, for the periods shown are as follows:
PaymentsReceipts
For the year ending December 31,Finance LeasesOperating LeasesOperating leases
2024$25,697 $2,307 $683 
202514,307 1,727 — 
20269,721 1,579 — 
20276,094 1,381 — 
2028 and thereafter2,081 9,358 — 
Total minimum lease payments$57,900 $16,352 $683 
Less: amount representing interest(5,049)(3,303)
Carrying amount of minimum lease payments$52,851 $13,049 
Less: current portion(23,691)(1,742)
Long term$29,160 $11,307 
b) Lease expenses and income
Year ended December 31,20232022
Short-term lease expense$15,305 $23,003 
Operating lease expense3,007 4,588 
Operating lease income(6,182)(6,831)
During the year ended December 31, 2023, depreciation of equipment under finance leases was $11,194 (December 31, 2022 - $18,573).
c) Supplemental information
December 31, 2023December 31, 2022
Weighted-average remaining lease term (in years):
Finance leases2.61.9
Operating leases10.310.2
Weighted-average discount rate:
Finance leases5.19 %3.53 %
Operating leases4.59 %4.64 %