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LEASES | 12 Months Ended
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Dec. 31, 2024
LEASES |
LEASES | 4. LEASES The Company has operating and financing leases for towers, land, corporate offices, retail facilities, and data transport capacity. The terms of the leases vary and some include additional renewal options. Supplemental lease information The components of lease expense were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Year ended December 31,
​ | 2024 |  | 2023 | ​ | 2022
Operating lease cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cost | $ | 23,157 | ​ | $ | 23,232 | ​ | $ | 24,531
Short-term lease cost | ​ | 2,578 | ​ | ​ | 2,866 | ​ | ​ | 2,575
Variable lease cost | ​ | 5,585 | ​ | ​ | 4,896 | ​ | ​ | 3,186
Total operating lease cost | $ | 31,320 | ​ | $ | 30,994 | ​ | $ | 30,292
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance lease cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use asset | $ | 5,618 | ​ | $ | 2,930 | ​ | $ | 3,060
Variable costs | ​ | 741 | ​ | ​ | 814 | ​ | ​ | 838
Interest costs | ​ | 390 | ​ | ​ | 372 | ​ | ​ | 381
Total finance lease cost | $ | 6,749 | ​ | $ | 4,116 | ​ | $ | 4,279
​ During the year ended December 31, 2024 and 2023, the Company paid $20.6 million and $19.8 million, respectively, related to operating lease liabilities. Also during the years ended December 31, 2024 and 2023, the Company recorded $19.4 million and $16.7 million, respectively, of lease liabilities arising from ROU assets. In addition, during the year ended December 31, 2022, the Company acquired $1.0 million of operating lease assets and $1.0 million of lease liabilities in acquisitions. Refer to Note 5. At December 31, 2024, finance leases with a cost of $51.4 million and accumulated amortization of $21.8 million were included in property, plant and equipment. During the year ended December 31, 2024, the Company paid $20.8 million for finance lease liabilities, of which $18.5 million was classified as investing, $1.9 million was classified as financing, and $0.4 million was classified as operating cash outflows. At December 31, 2024, finance leases had a lease liability of $4.7 million, of which $1.3 million was current. At December 31, 2023, finance leases with a cost of $31.7 million and accumulated amortization of $16.4 million were included in property, plant and equipment. At December 31, 2023, finance leases had a lease liability of $5.6 million, of which $1.8 million was current. During the year ended December 31, 2023, the Company paid $4.8 million for finance lease liabilities, of which $3.4 million was classified as an investing cash outflow. The weighted average remaining lease terms and discount rates as of December 31, 2024 and December 31, 2023 are noted in the table below: ​
​ | ​ | ​ | ​ | ​ | ​
​ | December 31, 2024 | ​ | December 31, 2023
Weighted-average remaining lease term | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 12.6 years | ​ | ​ | 13.3 years
Financing leases | ​ | 11.5 years | ​ | ​ | 9.2 years
​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 6.8% | ​ | ​ | 6.3%
Financing leases | ​ | 7.4% | ​ | ​ | 6.6%
​ Maturities of lease liabilities as of December 31, 2024 were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​
​ | Operating Leases | ​ | Financing Leases
2025 | ​ | 20,764 | ​ | ​ | 1,649
2026 | ​ | 15,881 | ​ | ​ | 847
2027 | ​ | 12,949 | ​ | ​ | 825
2028 | ​ | 9,901 | ​ | ​ | 632
2029 | ​ | 7,134 | ​ | ​ | 516
Thereafter | ​ | 79,843 | ​ | ​ | 1,630
Total lease payments | ​ | 146,472 | ​ | ​ | 6,099
Less imputed interest | ​ | (57,512) | ​ | ​ | (1,402)
Total | $ | 88,960 | ​ | $ | 4,697
Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​
​ | Operating Leases | ​ | Financing Leases
2024 | $ | 18,048 | ​ | $ | 2,030
2025 | ​ | 16,022 | ​ | ​ | 1,488
2026 | ​ | 11,755 | ​ | ​ | 601
2027 | ​ | 9,327 | ​ | ​ | 534
2028 | ​ | 7,807 | ​ | ​ | 505
Thereafter | ​ | 80,637 | ​ | ​ | 2,145
Total lease payments | ​ | 143,596 | ​ | ​ | 7,303
Less imputed interest | ​ | (57,133) | ​ | ​ | (1,662)
Total | $ | 86,463 | ​ | $ | 5,641
​ Lessor Disclosure The Company is the lessor in agreements to lease the use of its network assets including its cell sites and buildings. For the years ended December 31, 2024, 2023, and 2022 the Company recorded $8.4 million, $7.8 million, and $6.3 million, respectively, of lease income from agreements in which the Company is the lessor. Lease income is classified as Carrier Services revenue in the statement of operations. The following table presents the maturities of future undiscounted lease payments for the periods indicated: ​
​ | ​ | ​
2025 | $ | 7,197
2026 | ​ | 6,970
2027 | ​ | 5,645
2028 | ​ | 5,040
2029 | ​ | 4,396
Thereafter | ​ | 4,204
Total future lease payments | $ | 33,452
​

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