LEASES (Tables)

9 Months Ended

Sep. 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	September 30, 2023		December 31, 2022
Right of use asset
Operating	Other non-current assets	$	13,628	$	13,303
Finance	Property, plant and equipment, net	127,143		56,708
Total leased assets		$	140,771	$	70,011
Liabilities
Current
Operating	Accrued and other liabilities	$	3,751	$	2,734
Finance	Accrued and other liabilities	858		140
Non-current
Operating	Other non-current liabilities	11,729		12,148
Finance	Finance lease liabilities	121,675		49,963
Total leased liabilities		$	138,013	$	64,985

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

	September 30, 2023
Lease term and discount rate
Weighted average remaining lease term (years)
Operating lease	3.8
Finance lease	36.3
Weighted average discount rate
Operating lease	6.3	%
Finance lease	8.7	%

Schedule of Lease, Cost

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

	Nine Months Ended September 30,
Lease costs	2023		2022
Operating lease cost	$	2,860	$	2,247
Finance lease cost
Amortization of lease assets	2,545		881
Interest on lease liabilities	6,788		2,983
Finance lease cost	9,333		3,864
Total lease cost	$	12,193	$	6,111

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

	Nine Months Ended September 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,628	$	2,545
Operating cash flows from finance leases	5,716		2,868
Financing cash flows from finance leases	344		1

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 September 30, 2023 (in thousands):

	Operating		Finance
2023	$	1,144	$	2,623
2024	4,655		10,491
2025	4,710		10,491
2026	4,745		10,491
2027	1,947		10,491
After 2027	275		332,826
Total lease payments	$	17,476	$	377,413
Less: discount	1,996		254,880
Present value of lease liability	$	15,480	$	122,533

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 September 30, 2023 (in thousands):

	Operating		Finance
2023	$	1,144	$	2,623
2024	4,655		10,491
2025	4,710		10,491
2026	4,745		10,491
2027	1,947		10,491
After 2027	275		332,826
Total lease payments	$	17,476	$	377,413
Less: discount	1,996		254,880
Present value of lease liability	$	15,480	$	122,533