LEASES (Tables)

3 Months Ended

Mar. 31, 2024

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	Balance Sheets Classification	March 31, 2024		December 31, 2023
Right of use asset
Operating	Other non-current assets	$	11,985	$	12,814
Finance	Property, plant and equipment, net	125,308		126,225
Total leased assets		$	137,293	$	139,039
Liabilities
Current
Operating	Accrued and other liabilities	$	3,910	$	3,835
Finance	Accrued and other liabilities	891		875
Non-current
Operating	Other non-current liabilities	9,737		10,743
Finance	Finance lease liabilities	121,221		121,450
Total leased liabilities		$	135,759	$	136,903

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

	March 31, 2024
Lease term and discount rate
Weighted average remaining lease term (years)
Operating lease	3.3
Finance lease	35.8
Weighted average discount rate
Operating lease	6.4	%
Finance lease	8.7	%

Schedule of Lease, Cost

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

	Three Months Ended March 31,
Lease costs	2024		2023
Operating lease cost	$	1,056	$	869
Finance lease cost
Amortization of lease assets	918		709
Interest on lease liabilities	2,410		1,948
Finance lease cost	3,328		2,657
Total lease cost	$	4,384	$	3,526

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

	Three Months Ended March 31,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	938	$	974
Operating cash flows from finance leases	2,226		807
Financing cash flows from finance leases	177		—

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, 2024 (in thousands):

	Operating		Finance
2024	$	3,508	$	7,869
2025	4,724		10,491
2026	4,758		10,491
2027	1,955		10,491
2028	275		10,491
After 2028	—		322,334
Total lease payments	$	15,220	$	372,167
Less: discount	1,572		250,055
Present value of lease liability	$	13,648	$	122,112

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, 2024 (in thousands):

	Operating		Finance
2024	$	3,508	$	7,869
2025	4,724		10,491
2026	4,758		10,491
2027	1,955		10,491
2028	275		10,491
After 2028	—		322,334
Total lease payments	$	15,220	$	372,167
Less: discount	1,572		250,055
Present value of lease liability	$	13,648	$	122,112