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LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
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 itemMarch 31, 2024December 31, 2023
Assets:
Operating lease right-of-use assetsOperating lease right-of-use assets$77,766 $7,844 
Finance lease right-of-use assets
Property, plant and equipment, net$9,374 $16,268 
Liabilities:
Operating lease liabilities,
   current portion		Operating lease liabilities,
   current portion		$2,619 $77 
Operating lease liabilities, net
   of current portion		Operating lease liabilities, net
   of current portion		$69,022 $1,512 
Finance lease liabilities, current portionFinance lease liabilities, current portion$3,018 $19,771 
Finance lease liabilities, net of
   current portion		Finance lease liabilities, net of current portion$1,170 $35,745 
Schedule of Lease Cost
The components of lease expense were as follows (in thousands):
Three Months Ended March 31,
Financial statement line item20242023
Operating lease expenseGeneral and administrative expenses$1,419 $390 
Short-term lease expenseGeneral and administrative expenses— 365 
Finance lease expense:
Amortization of right-of-use assetsCost of revenue334 3,857 
Interest on lease liabilitiesInterest expense, net1,037 309 
Total finance lease expense1,371 4,166 
Total lease expense$2,790 $4,921 
Information relating to the lease term and discount rate is as follows:
March 31, 2024March 31, 2023
Weighted Average Remaining Lease Term (Years)
Operating leases7.110.7
Finance leases1.32.1
Weighted Average Discount Rate
Operating leases9.3 %6.5 %
Finance leases12.3 %12.4 %
Schedule of Supplemental Cash Flow Information
Information relating to lease payments is as follows (in thousands):

Three Months Ended March 31,
20242023
Lease Payments
Operating lease payments$69 $337 
Finance lease payments1
$4,628 $1,080 
1 Approximately $4.6 million of finance lease liabilities were reinstated pursuant to the Plan of Reorganization. Of the $4.6 million of finance lease payments made during the three months ended March 31, 2024, $3.6 million related to cure payments from emergence on the Effective Date.
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, 2024, and thereafter (in thousands):
Operating leasesFinance leases
Remaining 2024
$6,094 $2,781 
202513,568 1,862 
202614,365 3 
202714,721 — 
202815,143 — 
Thereafter35,997 — 
Total lease payments99,888 4,646 
Less: imputed interest28,247 458 
Total$71,641 $4,188 
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, 2024, and thereafter (in thousands):
Operating leasesFinance leases
Remaining 2024
$6,094 $2,781 
202513,568 1,862 
202614,365 3 
202714,721 — 
202815,143 — 
Thereafter35,997 — 
Total lease payments99,888 4,646 
Less: imputed interest28,247 458 
Total$71,641 $4,188