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LEASES (Tables)
6 Months Ended
Jun. 30, 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):
June 30,
2023
December 31,
2022
Operating leases:
Operating lease right-of-use assets$223,890 $215,160 
Other current liabilities$19,135 $11,269 
Other long-term liabilities250,547 243,843 
Total operating lease liabilities$269,682 $255,112 
Finance leases:
Property, plant and equipment, net$87,581 $90,386 
Total finance lease assets$87,581 $90,386 
Finance lease liabilities, current portion$9,653 $10,586 
Finance lease liabilities, net of current portion79,123 81,336 
Total finance lease liabilities$88,776 $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 June 30,Six Months Ended June 30,
2023202220232022
Operating lease expense:
Operating lease expense(1)
$13,763 $10,749 $26,578 $20,327 
Variable lease expense423 897 868 1,675 
Finance lease expense:
Amortization of leased assets$1,402 $1,133 $2,807 $2,229 
Interest on lease liabilities1,229 144 2,473 289 
Total finance lease expense$2,631 $1,277 $5,280 $2,518 
Total lease expense$16,817 $12,923 $32,726 $24,520 
(1) Excluded short-term leases, which were not material.
Other information related to leases where the Company is the lessee was as follows:
June 30,
2023
December 31,
2022
Weighted-average remaining lease term (in years):
Operating leases7.27.6
Finance leases3.03.5
Weighted-average discount rate:
Operating leases10.87 %10.52 %
Finance leases5.58 %5.57 %
Summary of Operating Lease Maturity
As of June 30, 2023, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):
Operating LeasesFinance Leases
2023 (remainder of the year)$18,755 $5,317 
202458,927 8,340 
202559,644 6,619 
202656,253 82,488 
202748,538 117 
Thereafter160,794 37 
Total minimum lease payments402,911 102,918 
Less: Interest(133,229)(14,142)
Present value of lease obligations269,682 88,776 
Less: Current portion(19,135)(9,653)
Long-term portion of lease obligations$250,547 $79,123 
Summary of Finance Lease Maturity
As of June 30, 2023, the maturities of the Company’s operating and finance lease liabilities (excluding short-term leases) were as follows (in thousands):
Operating LeasesFinance Leases
2023 (remainder of the year)$18,755 $5,317 
202458,927 8,340 
202559,644 6,619 
202656,253 82,488 
202748,538 117 
Thereafter160,794 37 
Total minimum lease payments402,911 102,918 
Less: Interest(133,229)(14,142)
Present value of lease obligations269,682 88,776 
Less: Current portion(19,135)(9,653)
Long-term portion of lease obligations$250,547 $79,123