LEASES (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of Assets and Liabilities

The components of operating and finance leases are presented on the Company’s Consolidated Balance Sheets as follows (in thousands):

	Financial statement line item	September 30, 2022
Assets:
Operating lease right-of-use assets	Other noncurrent assets	$	20,926
Finance lease right-of-use assets	Property, plant and equipment, net	$	88,042
Liabilities:
Operating lease liabilities,    current portion	Accrued expenses and other	$	849
Operating lease liabilities, net    of current portion	Other noncurrent liabilities	$	14,594
Finance lease liabilities, current portion	Finance lease liabilities, current portion	$	73,045
Finance lease liabilities, net of    current portion	Finance lease liabilities, net of current portion	$	—

Schedule of Lease Cost

The components of lease expense were as follows (in thousands):

	Financial statement line item	Three Months Ended September 30, 2022		Nine Months Ended September 30, 2022
Operating lease expense	General and administrative expenses	$	589	$	898
Short-term lease expense	General and administrative expenses	195		671
Finance lease expense:
Amortization of right-of-use assets	Cost of revenue	9,040		27,563
Interest on lease liabilities	Interest expense, net	2,278		6,617
Total finance lease expense		11,318		34,180
Total lease expense		$	12,102	$	35,749

Information relating to the lease term and discount rate is as follows:

	September 30, 2022
Weighted Average Remaining Lease Term (Years)
Operating leases	10.7
Finance leases	2.3
Weighted Average Discount Rate
Operating leases	6.5	%
Finance leases	12.7	%

Schedule of Supplemental Cash Flow Information

The following table summarizes the Company’s supplemental cash flow information (in thousands):

	Three Months Ended September 30, 2022		Nine Months Ended September 30, 2022
Lease Payments
Operating lease payments	$	272	$	474
Finance lease payments	$	6,760	$	34,287
Supplemental Noncash Information
Operating lease right-of-use assets obtained in exchange for lease obligations1	$	14,195	$	21,574
Finance lease right-of-use assets obtained in exchange for lease obligations	$	—	$	10,557
Increase in finance lease right-of-use assets as a result of lease modification	$	693	$	693

1 Includes operating lease right-of-use assets of $6.7 million that were recorded upon adoption of Topic 842 on January 1, 2022. Refer to Note 2 for further information.

Schedule of Operating Lease Liability, Maturity

The Company’s minimum payments under noncancelable operating and finance leases having initial terms and bargain renewal periods in excess of one year are as follows at September 30, 2022, and thereafter (in thousands):

	Operating leases		Finance leases
Remaining 2022	$	332	$	5,533
2023	2,082		38,518
2024	1,810		36,497
2025	1,866		4,509
2026	1,924		3
2027	1,985		—
Thereafter	12,037		—
Total lease payments	22,036		85,060
Less: imputed interest	6,593		12,015
Total	$	15,443	$	73,045

Schedule of Finance Lease Liability, Maturity

The Company’s minimum payments under noncancelable operating and finance leases having initial terms and bargain renewal periods in excess of one year are as follows at September 30, 2022, and thereafter (in thousands):

	Operating leases		Finance leases
Remaining 2022	$	332	$	5,533
2023	2,082		38,518
2024	1,810		36,497
2025	1,866		4,509
2026	1,924		3
2027	1,985		—
Thereafter	12,037		—
Total lease payments	22,036		85,060
Less: imputed interest	6,593		12,015
Total	$	15,443	$	73,045