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LEASES (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information
The balances for the operating and finance leases where the Company is the lessee are presented as follows within the Company’s condensed consolidated balance sheet (in thousands):
March 31,
2022
December 31,
2021
Operating leases:
Operating lease right-of-use assets$166,625 $161,974 
Other current liabilities$12,448 $11,056 
Other long-term liabilities189,516 185,323 
Total operating lease liabilities$201,964 $196,379 
Finance leases:
Property, plant and equipment, net10,812 10,567 
Total finance lease assets$10,812 $10,567 
Finance lease liabilities, current portion$4,485 $4,183 
Finance lease liabilities, net of current portion6,039 6,083 
Total finance lease liabilities$10,524 $10,266 
Schedule of Lease, Cost
The components of lease expense are as follows within the Company’s condensed consolidated statement of operations (in thousands):
Three Months Ended March 31,
20222021
Operating lease expense:
Operating lease expense (1)
$9,578 $6,303 
Variable lease expense778 580 
Finance lease expense:
Amortization of leased assets$1,096 $615 
Interest on lease liabilities145 72 
Total finance lease expense$1,241 $687 
Total lease expense$11,597 $7,570 
(1)Includes short-term leases, which are immaterial.
Other information related to leases where the Company is the lessee was as follows:
March 31,
2022
December 31,
2021
Weighted-average remaining lease term (in years):
Operating leases8.07.8
Finance leases2.62.5
Weighted-average discount rate:
Operating leases10.62 %10.98 %
Finance leases5.67 %5.58 %
Schedule of Lessee, Operating Lease, Liability, Maturity
As of March 31, 2022, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):
Operating LeasesFinance Leases
2022 (remainder of the year)$23,616 $3,708 
202339,618 4,613 
202440,076 2,012 
202539,265 500 
202635,545 362 
Thereafter135,060 101 
Total minimum lease payments313,180 11,296 
Less: Interest(111,216)(772)
Present value of lease obligations201,964 10,524 
Less: Current portion(12,448)(4,485)
Long-term portion of lease obligations$189,516 $6,039 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
As of March 31, 2022, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):
Operating LeasesFinance Leases
2022 (remainder of the year)$23,616 $3,708 
202339,618 4,613 
202440,076 2,012 
202539,265 500 
202635,545 362 
Thereafter135,060 101 
Total minimum lease payments313,180 11,296 
Less: Interest(111,216)(772)
Present value of lease obligations201,964 10,524 
Less: Current portion(12,448)(4,485)
Long-term portion of lease obligations$189,516 $6,039