XML 29 R21.htm IDEA: XBRL DOCUMENT v3.23.3
Leases
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Leases

NOTE 10. LEASES

We lease certain equipment, office space and land. Lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease.

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

 

(in thousands)

Classification

 

September 30, 2023

 

 

December 31, 2022

 

Assets

 

 

 

 

 

 

 

Operating lease assets

Other long-term assets

 

$

9,456

 

 

$

9,306

 

Finance lease assets1

Property, plant and equipment, net

 

 

11,608

 

 

 

13,213

 

Total lease assets

 

 

$

21,064

 

 

$

22,519

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

Operating lease liabilities

Accounts payable and accrued liabilities

 

$

2,379

 

 

$

2,570

 

Finance lease liabilities

Accounts payable and accrued liabilities

 

 

4,390

 

 

 

4,834

 

Noncurrent:

 

 

 

 

 

 

 

Operating lease liabilities

Other long-term obligations

 

 

7,067

 

 

 

6,716

 

Finance lease liabilities

Other long-term obligations

 

 

7,090

 

 

 

8,179

 

Total lease liabilities

 

 

$

20,926

 

 

$

22,299

 

 

1

Finance lease assets are presented net of accumulated amortization of $8.8 million and $7.9 million as of September 30, 2023 and December 31, 2022, respectively.

The following table presents the components of lease expense:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease costs1

 

$

772

 

 

$

805

 

 

$

2,454

 

 

$

2,633

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

1,206

 

 

 

1,137

 

 

 

3,768

 

 

 

3,061

 

Interest expense

 

 

115

 

 

 

90

 

 

 

339

 

 

 

226

 

Net lease costs

 

$

2,093

 

 

$

2,032

 

 

$

6,561

 

 

$

5,920

 

 

1

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

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

 

 

 

 

Nine Months Ended September 30,

 

(in thousands)

 

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

2,498

 

 

$

2,733

 

Operating cash flows for finance leases

 

$

339

 

 

$

226

 

Financing cash flows for finance leases

 

$

3,662

 

 

$

3,110

 

Leased assets exchanged for new lease liabilities:

 

 

 

 

 

 

Operating leases

 

$

2,407

 

 

$

3,931

 

Finance leases

 

$

2,604

 

 

$

5,761