Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Supplemental Balance Sheet Information

The following tables present our balance sheet information related to leases:

		As of		As of
(Amounts in thousands)	Balance Sheet Classification	June 30, 2024		December 31, 2023
Assets:
Operating lease assets	Operating lease, right-of-use assets	$	40,316	$	40,743
Finance lease assets	Property and equipment, net	$	26,598	$	19,543
Total lease assets		$	66,914	$	60,286
Liabilities:
Current:
Operating lease liabilities	Operating lease obligation, current portion	$	(10,059)	$	(9,016)
Finance lease liabilities	Finance lease obligation, current portion	$	(9,182)	$	(6,586)
Total current lease liabilities		$	(19,241)	$	(15,602)
Non-current:
Operating lease liabilities	Operating lease obligation, less current portion	$	(36,332)	$	(37,660)
Finance lease liabilities	Finance lease obligation, less current portion	$	(19,099)	$	(14,408)
Total non-current lease liabilities		$	(55,431)	$	(52,068)

Schedule of Selected Financial Information

The following tables present selected financial information:

	Three Months Ended				Six Months Ended
(Amounts in thousands)	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Operating lease cost
Amortization of right-of-use assets	$	3,230	$	2,711	$	6,316	$	5,204
Finance lease cost:
Amortization of right-of-use assets	2,323		1,778		4,287		3,448
Interest on lease liabilities	411		367		775		723
Sublease Income	(27)		(22)		(53)		(22)
Total lease cost	$	5,937	$	4,834	$	11,325	$	9,353

	Six Months Ended
(Amounts in thousands)	June 30, 2024		June 30, 2023
Cash paid for amounts included in the measurements of lease liabilities
Operating cash flows from operating leases	$	6,207	$	4,736
Operating cash flows from finance leases	775		722
Financing cash flows from finance leases	4,053		3,285
Right-of-use assets obtained in exchange for new operating leases	4,316		13,255
Right-of-use assets obtained in exchange for new finance leases	10,775		4,377

	As of		As of
	June 30, 2024		December 31, 2023
Weighted average remaining lease term (in years):
Operating leases	4.92		5.28
Finance leases	2.67		2.73
Weighted average discount rates:
Operating leases	6.8	%	7.1	%
Finance leases	6.9	%	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
2024 (six months remaining)	$	6,470	$	5,436
2025	12,006		10,572
2026	10,396		7,120
2027	8,971		2,915
2028	7,979		412
Thereafter	8,830		–
Total lease payments	$	54,652	$	26,455
Less: Amounts representing interest	$	(8,436)	$	(2,981)
Total lease liabilities	$	46,216	$	23,474

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
2024 (six months remaining)	$	6,470	$	5,436
2025	12,006		10,572
2026	10,396		7,120
2027	8,971		2,915
2028	7,979		412
Thereafter	8,830		–
Total lease payments	$	54,652	$	26,455
Less: Amounts representing interest	$	(8,436)	$	(2,981)
Total lease liabilities	$	46,216	$	23,474