LEASES (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Assets and Liabilities, Lessee

The following table shows the classification and location of our right-of-use assets and lease liabilities on our Condensed Consolidated Balance Sheets (in thousands):

Leases	Condensed Consolidated Balance Sheets Classification	March 31, 2023		December 31, 2022
Right of use asset
Operating	Other non-current assets	$	12,661	$	13,303
Finance	Property, plant and equipment, net	128,977		56,708
Total leased assets		$	141,638	$	70,011
Liabilities
Current
Operating	Accrued and other liabilities	$	2,880	$	2,734
Finance	Accrued and other liabilities	827		140
Non-current
Operating	Other non-current liabilities	11,375		12,148
Finance	Finance lease liabilities	122,112		49,963
Total leased liabilities		$	137,194	$	64,985

Other information about lease amounts recognized in our Condensed Consolidated Financial Statements is as follows:

	December 31,
Lease term and discount rate	2023		2022
Weighted average remaining lease term (years)
Operating lease	4.3		4.5
Finance lease	36.8		48.4
Weighted average discount rate
Operating lease	6.2	%	6.2	%
Finance lease	8.6	%	9.4	%

Schedule of Lease, Cost

Lease costs recognized in our Condensed Consolidated Statements of Operations is summarized as follows (in thousands):

	Three months ended
Lease Costs	2023		2022
Operating lease cost	$	869	$	685
Finance lease cost
Amortization of lease assets	709		294
Interest on lease liabilities	1,948		994
Finance lease cost	$	2,657	$	1,288
Total lease cost	$	3,526	$	1,973

The following table includes other quantitative information for our operating and finance leases (in thousands):

	Three months ended March 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	974	$	743
Operating cash flows from finance leases	$	807	$	—
Financing cash flows from finance leases	$	—	$	—

Schedule of Finance Lease, Liability, Maturity

The table below presents a maturity analysis of our lease liability on an undiscounted basis and reconciles those amounts to the present value of the lease liability as of March 31, 2023 (in thousands):

	Operating		Finance
2023	$	2,728	$	7,869
2024	3,850		10,491
2025	3,893		10,491
2026	3,914		10,491
2027	1,666		10,491
After 2027	275		332,826
Total lease payments	$	16,326	$	382,659
Less: discount	2,071		259,721
Present value of lease liability	$	14,255	$	122,938

Schedule of Operating Lease Maturity

The table below presents a maturity analysis of our lease liability on an undiscounted basis and reconciles those amounts to the present value of the lease liability as of March 31, 2023 (in thousands):

	Operating		Finance
2023	$	2,728	$	7,869
2024	3,850		10,491
2025	3,893		10,491
2026	3,914		10,491
2027	1,666		10,491
After 2027	275		332,826
Total lease payments	$	16,326	$	382,659
Less: discount	2,071		259,721
Present value of lease liability	$	14,255	$	122,938