LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of 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):

	September 30, 2023		December 31, 2022
Operating leases:
Operating lease right-of-use assets	$	221,657	$	215,160
Other current liabilities	$	24,925	$	11,269
Other long-term liabilities	246,818		243,843
Total operating lease liabilities	$	271,743	$	255,112
Finance leases:
Property, plant and equipment, net	$	86,254	$	90,386
Total finance lease assets	$	86,254	$	90,386
Finance lease liabilities, current portion	$	8,964	$	10,586
Finance lease liabilities, net of current portion	77,019		81,336
Total finance lease liabilities	$	85,983	$	91,922

Schedule of Lease Expense

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease expense:
Operating lease expense(1)	$	14,000	$	11,888	$	40,578	$	32,215
Variable lease expense	438		906		1,306		2,581
Finance lease expense:
Amortization of leased assets	$	1,326	$	1,217	$	4,133	$	3,446
Interest on lease liabilities	1,204		897		3,677		1,186
Total finance lease expense	$	2,530	$	2,114	$	7,810	$	4,632
Total lease expense	$	16,968	$	14,908	$	49,694	$	39,428

(1) Excluded short-term leases, which were not material.

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

	September 30, 2023		December 31, 2022
Weighted-average remaining lease term (in years):
Operating leases	7.1		7.6
Finance leases	2.8		3.5
Weighted-average discount rate:
Operating leases	10.87	%	10.52	%
Finance leases	5.58	%	5.57	%

Schedule of Operating Lease Liability Maturity

As of September 30, 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)	$	9,179	$	1,321
2024	59,125		8,340
2025	59,693		6,619
2026	56,748		82,488
2027	49,491		117
Thereafter	167,124		37
Total minimum lease payments	401,360		98,922
Less: Interest	(129,617)		(12,939)
Present value of lease obligations	271,743		85,983
Less: Current portion	(24,925)		(8,964)
Long-term portion of lease obligations	$	246,818	$	77,019

Schedule of Finance Lease Liability Maturity

As of September 30, 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)	$	9,179	$	1,321
2024	59,125		8,340
2025	59,693		6,619
2026	56,748		82,488
2027	49,491		117
Thereafter	167,124		37
Total minimum lease payments	401,360		98,922
Less: Interest	(129,617)		(12,939)
Present value of lease obligations	271,743		85,983
Less: Current portion	(24,925)		(8,964)
Long-term portion of lease obligations	$	246,818	$	77,019