LEASES (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2023		December 31, 2022
Assets:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	19,961	$	20,430
Finance lease right-of-use assets*	Property, plant and equipment, net	$	32,675	$	39,803
Liabilities:
Operating lease liabilities,    current portion	Operating lease liabilities,    current portion	$	423	$	769
Operating lease liabilities, net    of current portion	Operating lease liabilities, net    of current portion	$	1,030	$	720
Operating and finance lease liabilities subject to compromise	Liabilities subject to compromise	$	82,023	$	84,664

* December 31, 2022 revised to reflect the impact of the 2022 impairments of property, plant and equipment.

Schedule of Lease Cost

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

		Three Months Ended June 30,
	Financial statement line item	2023		2022
Operating lease expense	General and administrative expenses	$	224	$	154
Short-term lease expense	General and administrative expenses	182		287
Finance lease expense:
Amortization of right-of-use assets	Cost of revenue	3,572		8,699
Interest on lease liabilities	Interest expense, net	433		2,248
Total finance lease expense		4,005		10,947
Total lease expense		$	4,411	$	11,388

		Six Months Ended June 30,
	Financial statement line item	2023		2022
Operating lease expense	General and administrative expenses	$	598	$	309
Short-term lease expense	General and administrative expenses	362		477
Finance lease expense:
Amortization of right-of-use assets	Cost of revenue	7,128		18,523
Interest on lease liabilities	Interest expense, net	742		4,339
Total finance lease expense		7,870		22,862
Total lease expense		$	8,830	$	23,648

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

	June 30, 2023		June 30, 2022
Weighted Average Remaining Lease Term (Years)
Operating leases	10.7		21.5
Finance leases	1.5		2.5
Weighted Average Discount Rate
Operating leases	6.5	%	6.4	%
Finance leases	12.8	%	11.0	%

Schedule of Supplemental Cash Flow Information

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

	Three Months Ended June 30,
	2023		2022
Lease Payments
Operating lease payments	$	261	$	101
Finance lease payments	$	1,168	$	15,169
Supplemental Noncash Information
Finance lease right-of-use assets obtained in exchange for lease obligations	$	—	$	—

	Six Months Ended June 30,
	2023		2022
Lease Payments
Operating lease payments	$	598	$	202
Finance lease payments	$	2,248	$	27,526
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 June 30, 2023, and thereafter (in thousands):

	Operating leases		Finance leases
Remaining 2023	$	1,468	$	35,935
2024	1,810		39,108
2025	1,866		1,862
2026	1,924		3
2027	1,985		—
Thereafter	12,037		—
Total lease payments	21,090		76,908
Less: imputed interest	6,162		8,372
Less: Liabilities subject to compromise	13,475		68,536
Total	$	1,453	$	—

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 June 30, 2023, and thereafter (in thousands):

	Operating leases		Finance leases
Remaining 2023	$	1,468	$	35,935
2024	1,810		39,108
2025	1,866		1,862
2026	1,924		3
2027	1,985		—
Thereafter	12,037		—
Total lease payments	21,090		76,908
Less: imputed interest	6,162		8,372
Less: Liabilities subject to compromise	13,475		68,536
Total	$	1,453	$	—