LEASES (Tables)

3 Months Ended

Mar. 31, 2023

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	March 31, 2023		December 31, 2022
Assets:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	20,235	$	20,430
Finance lease right-of-use assets	Property, plant and equipment, net	$	82,039	$	84,092
Liabilities:
Operating lease liabilities,    current portion	Operating lease liabilities,    current portion	597		$	769
Operating lease liabilities, net    of current portion	Operating lease liabilities, net    of current portion	1,055		$	720
Operating and finance lease liabilities subject to compromise	Liabilities subject to compromise	$	83,250	$	84,664

Schedule of Lease Cost

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

		Three Months Ended March 31,
	Financial statement line item	2023		2022
Operating lease expense	General and administrative expenses	$	390	$	154
Short-term lease expense	General and administrative expenses	365		191
Finance lease expense:
Amortization of right-of-use assets	Cost of revenue	3,857		9,824
Interest on lease liabilities	Interest expense, net	309		2,102
Total finance lease expense		4,166		11,926
Total lease expense		$	4,921	$	12,271

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

	March 31, 2023		March 31, 2022
Weighted Average Remaining Lease Term (Years)
Operating leases	10.7		22.1
Finance leases	2.1		2.6
Weighted Average Discount Rate
Operating leases	6.5	%	6.4	%
Finance leases	12.4	%	10.2	%

Schedule of Supplemental Cash Flow Information

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

	Three Months Ended March 31,
	2023		2022
Lease Payments
Operating lease payments	$	337	$	101
Finance lease payments	$	1,080	$	12,357
Supplemental Noncash Information
Finance lease right-of-use assets obtained in exchange for lease obligations	$	—	$	10,557

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 March 31, 2023, and thereafter (in thousands):

	Operating leases		Finance leases
Remaining 2023	$	2,082	$	37,103
2024	1,810		39,108
2025	1,866		1,862
2026	1,924		32
2027	1,985		—
Thereafter	12,037		—
Total lease payments	21,704		78,105
Less: imputed interest	6,577		8,330
Less: Liabilities subject to compromise	13,475		69,775
Total	$	1,652	$	—

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 March 31, 2023, and thereafter (in thousands):

	Operating leases		Finance leases
Remaining 2023	$	2,082	$	37,103
2024	1,810		39,108
2025	1,866		1,862
2026	1,924		32
2027	1,985		—
Thereafter	12,037		—
Total lease payments	21,704		78,105
Less: imputed interest	6,577		8,330
Less: Liabilities subject to compromise	13,475		69,775
Total	$	1,652	$	—