LEASES (Tables)

6 Months Ended

Jun. 30, 2023

The following table reflects the balance sheet presentation of our lease assets and liabilities:


Leases	Classification	June 30, 2023		December 31, 2022
Assets:
Operating	Right-of-use assets	$	170,733	$	161,822
Total right-of-use assets		$	170,733	$	161,822

Liabilities:
Current:
Operating	Accounts payable and other current liabilities	$	24,591	$	24,075
Non-Current:
Operating	Long-term portion of operating lease liabilities	138,282		126,695
Total lease liabilities		$	162,873	$	150,770

The weighted-average remaining lease term and discount rate for the Company's operating leases are as follows:


	June 30, 2023	December 31, 2022
Weighted average lease term-operating leases	14.0 years	14.6 years
Weighted average discount rate-operating leases	14.0%	14.0%

The following table provides information related to the lease costs of finance and operating leases for the three and six months ended June 30, 2023 and 2022:


Lease Expense	Income Statement Classification	Three Months Ended June 30,				Six Months Ended June 30,
		2023		2022		2023		2022
Operating	Selling, general and administrative expenses	$	8,525	$	7,565	$	16,674	$	14,428
Finance:
Amortization of ROU assets	Depreciation and amortization expense	—		—		—		41
Interest on lease liabilities	Interest expense	—		—		—		124
Total lease costs		$	8,525	$	7,565	$	16,674	$	14,593

In connection with the acquisition of the RideNow companies on August 31, 2021 (the "RideNow Transaction"), the Company entered into related party leases for 24 properties. The following table provides information related to the portion of lease assets and liabilities which are attributable to related party leases at June 30, 2023:


Leases	Balance Sheet Classification	June 30, 2023		December 31, 2022
Assets:
Right of use assets – related party		$	104,376	$	105,264
All other right-of-use assets		66,357		56,558
Total	Right-of-use assets	$	170,733	$	161,822

Liabilities:
Current:
Current portion of lease liabilities – related party		$	13,997	$	14,492
Current portion of lease liabilities – all other leases		10,594		9,583
Total	Accounts payable and other current liabilities	$	24,591	$	24,075
Non-Current:
Long-term portion of lease liabilities – related party		96,538		93,713
Long-term portion of lease liabilities – all other leases		41,744		32,982
Total	Operating lease liabilities	$	138,282	$	126,695
Total lease liabilities		$	162,873	$	150,770

Supplemental cash flow information related to operating leases for the six months ended June 30, 2023 and 2022 was as follows:


	Six Months Ended June 30,
	2023		2022
Cash payments for operating leases	$	14,244	$	12,240
ROU assets obtained in exchange for new operating lease liabilities	$	14,383	$	15,103

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table summarizes the future minimum payments for operating leases at June 30, 2023 due in each year ending December 31:


Year	Operating Leases
2023	$	15,394
2024	30,314
2025	28,601
2026	26,927
2027	26,131
Thereafter	282,415
Total lease payments	409,782
Less: imputed interest	(246,909)
Present value of operating lease liabilities	$	162,873