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LEASES (Tables) | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Schedule of Information Regarding Operating Leases | The following tables present information regarding operating leases recorded on the Condensed Consolidated Balance Sheets where the Company is the lessee for the periods indicated.
(Dollars in thousands) | As of March 31, 2026 |  | As of December 31, 2025
Carrying values by asset category |
ROU Asset: |  |  |
Geothermal land leases | $ | 48,071 |  |  | $ | 45,609 |
Equipment | 36,612 |  |  | 6,188 |
Office space | 6,180 |  |  | 6,635 |
Vehicles | 249 |  |  | 281 |
Total | $ | 91,112 |  |  | $ | 58,713 |
Lease Liability(1): |  |  |
Geothermal land leases | $ | 67,053 |  |  | $ | 62,744 |
Equipment | 36,140 |  |  | 6,300 |
Office space | 8,249 |  |  | 8,144 |
Vehicles | 242 |  |  | 273 |
Total | $ | 111,684 |  |  | $ | 77,461 |
By asset category | As of March 31, 2026 |  | As of December 31, 2025
Weighted average remaining term |  |  |
Geothermal land leases | 14 years |  | 14 years
Equipment | 4 years |  | 9 years
Office space | 3 years |  | 3 years
Vehicles | 2 years |  | 2 years
Weighted average discount rate(2): |  |  |
Geothermal land leases | 11.4 | % |  | 11.4 | %
Equipment | 8.3 | % |  | 12.0 | %
Office space | 8.1 | % |  | 8.7 | %
Vehicles | 9.6 | % |  | 9.6 | %
_________________ (1) The short-term and long-term lease liability totals $25.3 million and $86.3 million as of March 31, 2026, respectively, and $4.8 million and $72.6 million as of December 31, 2025. (2) The discount rate for each category of assets represents the Company’s incremental borrowing rate (“IBR”) for leases.
Schedule of Future Minimum Lease Payments Associated with Operating Leases | The following is a schedule showing the Company’s future minimum lease payments associated with the operating leases together with the present value of the net minimum lease payments for the periods indicated.
(Dollars in thousands) | As of March 31, 2026
2026 | $ | 23,897 |
2027 | 17,827 |
2028 | 7,132 |
2029 | 13,419 |
2030 | 12,921 |
Thereafter | 139,632 |
Total minimum lease payments | $ | 214,828 |
Less: Amount representing interest | 103,144 |
Total lease obligation | $ | 111,684 |
Less: Current lease obligation | 25,335 |
Long-term lease obligation | $ | 86,349 |

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- Definition Assets And Liabilities, Lessee + References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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