LEASES (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Assets and Liabilities, Lessee

The following table presents information about the Company’s right-of-use assets and lease liabilities at June 30, 2023 and December 31, 2022 (in thousands):


	Balance Sheet Line Items	June 30, 2023		December 31, 2022
Right-of-use assets:
Operating lease right-of-use assets	Operating lease assets	$	25,787	$	28,070
Finance lease right-of-use assets	Property, plant and equipment, net	22,716		26,761
Total right-of-use assets		$	48,503	$	54,831
Operating lease liabilities (1):
Current operating lease liabilities	Current portion of operating lease liabilities	$	848	$	903
Noncurrent operating lease liabilities	Operating lease liabilities, less current portion	4,727		5,129
Total operating lease liabilities		$	5,575	$	6,032
Finance lease liabilities (1):

Noncurrent finance lease liabilities	Other liabilities	1,403		1,392
Total finance lease liabilities		$	1,403	$	1,392

__________

(1)Amounts at June 30, 2023 exclude operating lease liabilities of $24.9 million and finance lease liabilities of $13.6 million that are classified as Liabilities subject to compromise in the Condensed Consolidated Balance Sheets. Amounts at December 31, 2022 exclude operating lease liabilities of $28.4 million and finance lease liabilities of $17.1 million that are classified as Liabilities subject to compromise in the Condensed Consolidated Balance Sheets.

Schedule of Lease, Cost

The following table presents information about lease costs and expenses and sublease income for the three and six months ended June 30, 2023 and 2022 (in thousands):


		Three Months Ended June 30,				Six Months Ended June 30,
	Statement of Operations Line Items	2023		2022		2023		2022
Operating lease cost	Various (1)	$	1,837	$	2,311	$	4,030	$	5,037
Finance lease cost:
Amortization of right-of-use assets	Various (1)	$	2,017	$	2,120	$	4,044	$	4,431
Interest on lease liabilities	Interest expense, net	$	206	$	353	$	435	$	606
Other lease costs and income:
Variable lease costs (2)	Various (1)	$	2,195	$	2,188	$	5,201	$	4,695
Finance lease right-of-use asset impairment charges	Asset impairment charges	$	—	$	3,063	$	—	$	3,063

Sublease income	Various (1)	$	(1,544)	$	(1,410)	$	(3,088)	$	(3,250)

__________

(1)Amounts are included in the Condensed Consolidated Statements of Operations based on the function that the underlying leased asset supports. The following table presents the components of such aggregate amounts for the three and six months ended June 30, 2023 and 2022 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Cost of revenues	$	1,437	$	1,523	$	3,053	$	3,129
Selling, general and administrative	$	3,020	$	3,632	$	7,032	$	7,676
Research and development	$	48	$	54	$	102	$	108

(2)Amounts represent variable lease costs incurred that were not included in the initial measurement of the lease liability such as common area maintenance and utilities costs associated with leased real estate and certain costs associated with our automobile leases.

The following table provides certain additional information related to our leases for the six months ended June 30, 2023 and 2022 (in thousands):


	Six Months Ended June 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash payments for operating leases	$	5,921	$	6,344
Operating cash payments for finance leases	$	693	$	1,063
Financing cash payments for finance leases	$	3,299	$	2,970