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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Leases, Balance Sheet Information Leases are presented in our consolidated balance sheet as follows:
December 31,
(in thousands)Balance Sheet Classification20212020
Right-of Use Assets:
Finance leasesProperty, plant, and equipment, net$8,048 $7,337 
Operating leasesOperating lease right-of-use assets115,458 122,481 
Total lease right-of-use assets123,506 129,818 
Lease Liabilities:
Finance leases - currentAccrued expenses and other current liabilities$4,006 $4,326 
Finance leasesOther long-term liabilities4,498 4,188 
Operating leases - currentCurrent portion of operating lease liabilities36,389 33,234 
Operating leasesOperating lease liabilities73,521 83,553 
Total lease liabilities$118,414 $125,301 
Schedule of Lease Costs and Other Information Components of total lease cost were as follows:
Years Ended December 31,
(in thousands)20212020
Finance lease cost:
Amortization of right-of-use assets$5,855 $5,266 
Interest on lease liabilities510 567 
Operating lease cost41,113 31,850 
Short-term and variable lease cost21,756 12,917 
Sublease income(18)(3,584)
Total lease cost$69,216 $47,016 
Our weighted-average remaining lease term and weighted-average discount rate for operating and finance leases are as follows:
December 31,
20212020
Weighted-average remaining lease term (years):
Operating lease6.96.3
Finance lease2.72.7
Weighted-average discount rate:
Operating lease5.3 %6.7 %
Finance lease5.0 %6.0 %
Supplemental cash flow information related to our lease liabilities is as follows:
(in thousands)Statement of Cash Flows ClassificationDecember 31, 2021December 31, 2020
Cash paid for amounts included in measurement of lease liabilities:
Operating leases (1)
Operating$45,583 $30,256 
Finance leases - interestOperating$510 $550 
Finance leases - principalFinancing$6,258 $5,139 
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Operating leasesNon-cash$27,390 $37,631 
Finance leasesNon-cash$5,971 $4,017 
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(1) Cash required by operating leases is reported net of operating lease expense in the operating section of our consolidated statements of cash flows in accrued expenses and other liabilities.
Schedule of Future Minimum Operating Lease Payments Future minimum payments, as determined in accordance with ASC 842, on our operating and finance leases as of December 31, 2021 are as follows:
(in thousands)OperatingFinance
2022$41,991 $4,327 
202330,621 2,429 
202420,894 1,475 
202511,488 659 
20263,799 198 
Thereafter25,131 31 
Total future minimum lease payments133,924 9,119 
Interest included within lease payments(24,014)(615)
Total lease liabilities$109,910 $8,504 
Schedule of Future Minimum Financing Lease Payments Future minimum payments, as determined in accordance with ASC 842, on our operating and finance leases as of December 31, 2021 are as follows:
(in thousands)OperatingFinance
2022$41,991 $4,327 
202330,621 2,429 
202420,894 1,475 
202511,488 659 
20263,799 198 
Thereafter25,131 31 
Total future minimum lease payments133,924 9,119 
Interest included within lease payments(24,014)(615)
Total lease liabilities$109,910 $8,504 
Schedule of Leased Assets
Property, plant and equipment consisted of the following:

December 31,
(in thousands)20212020
Land and land improvements$134,913 $140,209 
Buildings and improvements309,821 316,529 
Software44,295 37,638 
Machinery, equipment and other906,651 854,650 
1,395,680 1,349,026 
Accumulated depreciation(618,867)(494,490)
Property, plant and equipment, net$776,813 $854,536 
Components of our leased asset program, all of which are included within Property, plant, and equipment, net on our consolidated balance sheet, are as follows:
(in thousands)Useful lifeDecember 31, 2021
Cable equipment18 months$33,498 
Downhole equipment18 months43,206 
Surface equipment5 years73,633 
Other lease equipment
3 - 5 years
14,344 
164,681 
Accumulated depreciation(112,610)
Leased assets, net$52,071