LEASES (Tables)

3 Months Ended

Mar. 31, 2023

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 sheets (in thousands):

	March 31, 2023		December 31, 2022
Operating leases:
Operating lease right-of-use assets	$	213,193	$	215,160
Other current liabilities	$	15,753	$	11,269
Other long-term liabilities	239,588		243,843
Total operating lease liabilities	$	255,341	$	255,112
Finance leases:
Property, plant and equipment, net	$	88,982	$	90,386
Total finance lease assets	$	88,982	$	90,386
Finance lease liabilities, current portion	$	10,239	$	10,586
Finance lease liabilities, net of current portion	78,845		81,336
Total finance lease liabilities	$	89,084	$	91,922

Schedule of Lease Cost

The components of lease expense were as follows within the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):

	Three Months Ended March 31,
	2023		2022
Operating lease expense:
Operating lease expense(1)	$	12,815	$	9,578
Variable lease expense	445		778
Finance lease expense:
Amortization of leased assets	$	1,405	$	1,096
Interest on lease liabilities	1,244		145
Total finance lease expense	$	2,649	$	1,241
Total lease expense	$	15,909	$	11,597

(1) Excluded short-term leases, which were immaterial.

Other information related to leases where the Company is the lessee was as follows:

	March 31, 2023		December 31, 2022
Weighted-average remaining lease term (in years):
Operating leases	7.4		7.6
Finance leases	3.2		3.5
Weighted-average discount rate:
Operating leases	10.55	%	10.52	%
Finance leases	5.57	%	5.57	%

Summary of Operating Lease Maturity

As of March 31, 2023, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):

	Operating Leases		Finance Leases
2023 (remainder of the year)	$	28,270	$	6,856
2024	55,896		8,340
2025	55,269		6,619
2026	51,765		82,488
2027	43,935		117
Thereafter	146,868		37
Total minimum lease payments	382,003		104,457
Less: Interest	(126,662)		(15,373)
Present value of lease obligations	255,341		89,084
Less: Current portion	(15,753)		(10,239)
Long-term portion of lease obligations	$	239,588	$	78,845

Summary of Finance Lease Maturity

As of March 31, 2023, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):

	Operating Leases		Finance Leases
2023 (remainder of the year)	$	28,270	$	6,856
2024	55,896		8,340
2025	55,269		6,619
2026	51,765		82,488
2027	43,935		117
Thereafter	146,868		37
Total minimum lease payments	382,003		104,457
Less: Interest	(126,662)		(15,373)
Present value of lease obligations	255,341		89,084
Less: Current portion	(15,753)		(10,239)
Long-term portion of lease obligations	$	239,588	$	78,845