Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information Related Leases Assets and Liabilities

The following table presents supplemental balance sheet information related to lease assets and liabilities:

(in thousands)	Classification	September 30, 2022		December 31, 2021
Assets
Operating lease assets	Other long-term assets	$	10,071	$	8,514
Finance lease assets1	Property, plant and equipment, net		13,365		10,663
Total lease assets		$	23,436	$	19,177
Liabilities
Current:
Operating lease liabilities	Accounts payable and accrued liabilities	$	2,819	$	3,021
Finance lease liabilities	Accounts payable and accrued liabilities		4,883		3,577
Noncurrent:
Operating lease liabilities	Other long-term obligations		7,219		5,598
Finance lease liabilities	Other long-term obligations		8,318		6,972
Total lease liabilities		$	23,239	$	19,168

1 Finance lease assets are presented net of accumulated amortization of $7.6 million and $4.5 million as of September 30, 2022 and December 31, 2021, respectively.

Schedule of Components of Lease Expense

The following table presents the components of lease expense:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Operating lease costs1	$	805	$	1,156	$	2,633	$	3,769
Finance lease costs:
Amortization of leased assets		1,137		741		3,061		1,963
Interest on lease liabilities		90		60		226		162
Net lease costs	$	2,032	$	1,957	$	5,920	$	5,894

1 Excludes short-term leases and variable lease costs, which are immaterial.

Schedule of Supplemental Cash Flow Information Related Leases

The following table presents supplemental cash flow information related to leases:

	Nine Months Ended September 30,
(in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	2,733	$	3,723
Operating cash flows for finance leases	$	226	$	162
Financing cash flows for finance leases	$	3,110	$	1,963
Leased assets exchanged for new lease liabilities:
Operating leases1	$	3,931	$	213
Finance leases	$	5,761	$	3,916

1 Includes $2.4 million for an office lease assumed in the CatchMark merger. See Note 13: CatchMark Merger.