LEASES (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2023		December 31, 2022
Right of use asset
Operating	Other non-current assets	$	14,477	$	13,303
Finance	Property, plant and equipment, net	128,060		56,708
Total leased assets		$	142,537	$	70,011
Liabilities
Current
Operating	Accrued and other liabilities	$	3,468	$	2,734
Finance	Accrued and other liabilities	842		140
Non-current
Operating	Other non-current liabilities	12,698		12,148
Finance	Finance lease liabilities	121,895		49,963
Total leased liabilities		$	138,903	$	64,985

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

	June 30, 2023
Lease term and discount rate
Weighted average remaining lease term (years)
Operating lease	4.0
Finance lease	36.6
Weighted average discount rate
Operating lease	6.4	%
Finance lease	8.6	%

Schedule of Lease, Cost

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

	Six Months Ended June 30,
Lease costs	2023		2022
Operating lease cost	$	1,804	$	1,452
Finance lease cost
Amortization of lease assets	1,627		587
Interest on lease liabilities	4,370		1,990
Finance lease cost	5,997		2,577
Total lease cost	$	7,801	$	4,029

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

	Six Months Ended June 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,009	$	1,494
Operating cash flows from finance leases	4,294		2,668
Financing cash flows from finance leases	170		—

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 June 30, 2023 (in thousands):

	Operating		Finance
2023	$	2,041	$	5,245
2024	4,665		10,491
2025	4,720		10,491
2026	4,754		10,491
2027	1,953		10,491
After 2027	275		332,826
Total lease payments	$	18,408	$	380,035
Less: discount	2,242		257,298
Present value of lease liability	$	16,166	$	122,737

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 June 30, 2023 (in thousands):

	Operating		Finance
2023	$	2,041	$	5,245
2024	4,665		10,491
2025	4,720		10,491
2026	4,754		10,491
2027	1,953		10,491
After 2027	275		332,826
Total lease payments	$	18,408	$	380,035
Less: discount	2,242		257,298
Present value of lease liability	$	16,166	$	122,737