LEASES (Tables)

12 Months Ended

Dec. 31, 2021

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


Leases	Classification	2021		2020
Assets:
Operating	Right of use assets	$	133,112	$	5,690
Finance	Property and equipment, net	3,240		—
Total right-of-use assets		$	136,352	$	5,690

Liabilities:
Current
Operating	Current portion of lease liabilities	$	19,155	$	1,630
Finance	Current portion of lease liabilities	1,094		—

Non-Current
Operating	Long-term portion of operating lease liabilities	114,687		4,370
Finance	Long-term portion of financing lease liabilities	2,869		—

Total lease liabilities		$	137,805	$	6,000

The weighted-average remaining lease term and discount rate for our operating leases are as follows:


	2021		2020
Weighted average lease term - operating leases	14.9		3.7
Weighted average lease term - finance leases	19.7		0.0
Weighted average discount rate - operating leases	14.0	%	6.2	%
Weighted average discount rate - finance leases	15.0	%	—	%

The following table provides information related to the lease costs of finance and operating leases for the year ended December 31, 2021 and 2020:


	2021		2020
Total operating lease expenses	$	7,431	$	2,200

Finance lease costs:
Amortization of ROU assets	55		—
Interest on lease liabilities	165		—
	$	7,651	$	2,200

Supplemental cash flow information related to operating leases for the year ended December 31, 2021 and 2020 was as follows:


	2021		2020
Cash payments for operating leases	$	6,644	$	1,692

New operating lease assets obtained in exchange for operating lease liabilities	$	94,544	$	2,901

The following table summarizes the future minimum payments for operating leases at December 31, 2021:


Year ending December 31,	Amount
2022	$	18,040
2023	17,466
2024	16,673
2025	14,892
2026	13,680
Thereafter	176,205
Total lease payments	256,956
Less imputed interest	(173,187)
Present value of operating lease liabilities	$	83,769