XML 56 R38.htm IDEA: XBRL DOCUMENT v3.22.4
LEASES (Tables)
 12 Months Ended
Dec. 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 consolidated balance sheets (in thousands):
December 31,
2022		December 31,
2021
Operating leases:
Operating lease right-of-use assets$215,160 $161,974 
Other current liabilities$11,269 $11,056 
Other long-term liabilities243,843 185,323 
Total operating lease liabilities$255,112 $196,379 
Finance leases:
Property, plant and equipment, net$90,386 $10,567 
Total finance lease assets$90,386 $10,567 
Finance lease liabilities, current portion$10,586 $4,183 
Finance lease liabilities, net of current portion81,336 6,083 
Total finance lease liabilities$91,922 $10,266 
Schedule of Lease Cost
The components of lease expense are as follows within the Company’s consolidated statements of operations and comprehensive loss (in thousands):
Year Ended December 31,
20222021
Operating lease expense:
Operating lease expense (1)
$44,617 $31,097 
Variable lease expense1,712 2,406 
Finance lease expense:
Amortization of leased assets$4,812 $3,020 
Interest on lease liabilities2,453 460 
Total finance lease expense$7,265 $3,480 
Total lease expense$53,594 $36,983 
(1) Excluded short-term leases, which were immaterial.
Other information related to leases where the Company is the lessee was as follows:
December 31,
2022		December 31,
2021
Weighted-average remaining lease term (in years):
Operating leases7.67.8
Finance leases3.52.5
Weighted-average discount rate:
Operating leases10.52 %10.98 %
Finance leases5.57 %5.58 %
Supplemental cash flow information related to leases where the Company is the lessee is as follows (in thousands):
Year Ended December 31,
20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$15,482 $10,019 
Operating cash flows from finance leases (interest payments)509 460 
Financing cash flows from finance leases4,977 3,088 
Leased assets obtained in exchange for new operating lease liabilities73,502 84,078 
Leased assets obtained in exchange for new finance lease liabilities84,392 9,693 
Summary of Operating Lease Maturity
As of December 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
2023$38,064 $10,937 
202454,504 8,340 
202553,838 6,619 
202650,434 82,488 
202744,039 117 
Thereafter146,784 37 
Total minimum lease payments387,663 108,538 
Less: Interest(132,551)(16,616)
Present value of lease obligations255,112 91,922 
Less: Current portion(11,269)(10,586)
Long-term portion of lease obligations$243,843 $81,336 
Summary of Finance Lease Maturity
As of December 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
2023$38,064 $10,937 
202454,504 8,340 
202553,838 6,619 
202650,434 82,488 
202744,039 117 
Thereafter146,784 37 
Total minimum lease payments387,663 108,538 
Less: Interest(132,551)(16,616)
Present value of lease obligations255,112 91,922 
Less: Current portion(11,269)(10,586)
Long-term portion of lease obligations$243,843 $81,336