Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Supplemental Balance Sheet Information

The following tables present our operating and finance leases as of December 31, 2023, and 2022:

(Amounts in thousands)	Balance Sheet Classification	December 31, 2023		December 31, 2022
Assets:
Operating lease assets	Operating lease, right-of-use assets	$	40,743	$	30,264
Finance lease assets	Property and equipment, net	19,543		18,580
Total lease assets		$	60,286	$	48,844
Liabilities:
Current:
Operating lease liabilities	Operating lease obligation, current portion	$	(9,016)	$	(6,949)
Finance lease liabilities	Finance lease obligation, current portion	(6,586)		(5,297)
Total current lease liabilities		$	(15,602)	$	(12,246)
Non-current:
Operating lease liabilities	Operating lease obligation, less current portion	$	(37,660)	$	(28,087)
Finance lease liabilities	Finance lease obligation, less current portion	(14,408)		(14,254)
Total non-current lease liabilities		$	(52,068)	$	(42,341)

Schedule of Selected Financial Information

The following tables present selected financial information for the year ended December 31, 2023, and 2022:

(Amounts in thousands)	December 31, 2023		December 31, 2022
Operating lease cost
Amortization of right-of-use assets	$	11,192	$	8,137
Short-term and variable lease cost	9		325
Finance lease cost:
Amortization of right-of-use assets	7,262		6,756
Interest on lease liabilities	1,464		1,247
Sublease income	(75)		–
Total lease cost	$	19,852	$	16,465

(Amounts in thousands)	December 31, 2023		December 31, 2022
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows from operating leases	$	18,560	$	105
Operating cash flows from finance leases	1,462		-
Financing cash flows from finance leases	6,782		6,027
Right-of-use assets obtained in exchange for new operating leases	19,030		30,133
Right-of-use assets obtained in exchange for new finance leases	8,245		829

	December 31, 2023		December 31, 2022
Weighted average remaining lease term (in years):
Operating leases	5.28		5.62
Finance leases	2.73		3.28
Weighted average discount rates:
Operating leases	7.1	%	7.1	%
Finance leases	7.4	%	7.4	%

Summary of Future Minimum Lease Payments

Future minimum commitments under leases for the succeeding years are as follows (in thousands):

(Amounts in thousands)
Year ending December 31,	Operating Lease		Finance Lease
2023	$	11,694	$	7,868
2024	10,999		7,529
2025	9,415		4,088
2026	8,318		941
2027	7,533		–
Thereafter	8,117		–
Total lease payments	$	56,076	$	20,426
Less: Amounts representing interest	$	(9,600)	$	(2,420)
Total lease liabilities	$	46,476	$	18,006

Summary of Future Minimum Lease Payments

Future minimum commitments under leases for the succeeding years are as follows (in thousands):

(Amounts in thousands)
Year ending December 31,	Operating Lease		Finance Lease
2023	$	11,694	$	7,868
2024	10,999		7,529
2025	9,415		4,088
2026	8,318		941
2027	7,533		–
Thereafter	8,117		–
Total lease payments	$	56,076	$	20,426
Less: Amounts representing interest	$	(9,600)	$	(2,420)
Total lease liabilities	$	46,476	$	18,006