LEASES (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2024		December 31, 2023
Right of use asset
Operating	Other non-current assets	$	11,141	$	12,814
Finance	Property, plant and equipment, net	124,391		126,225
Total leased assets		$	135,532	$	139,039
Liabilities
Current
Operating	Accrued and other liabilities	$	3,987	$	3,835
Finance	Accrued and other liabilities	908		875
Non-current
Operating	Other non-current liabilities	8,708		10,743
Finance	Finance lease liabilities	120,987		121,450
Total leased liabilities		$	134,590	$	136,903

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

	June 30, 2024
Lease term and discount rate
Weighted average remaining lease term (years)
Operating lease	3.0
Finance lease	35.6
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):

	Six Months Ended June 30,
Lease costs	2024		2023
Operating lease cost	$	2,117	$	1,804
Finance lease cost
Amortization of lease assets	1,835		1,627
Interest on lease liabilities	4,816		4,370
Finance lease cost	6,651		5,997
Total lease cost	$	8,768	$	7,801

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

	Six Months Ended June 30,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,174	$	2,009
Operating cash flows from finance leases	5,502		4,294
Financing cash flows from finance leases	356		170

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, 2024 (in thousands):

	Operating		Finance
2024	$	2,341	$	5,245
2025	4,723		10,491
2026	4,758		10,491
2027	1,955		10,491
2028	275		10,491
After 2028	—		322,335
Total lease payments	$	14,052	$	369,544
Less: discount	1,357		247,649
Present value of lease liability	$	12,695	$	121,895

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, 2024 (in thousands):

	Operating		Finance
2024	$	2,341	$	5,245
2025	4,723		10,491
2026	4,758		10,491
2027	1,955		10,491
2028	275		10,491
After 2028	—		322,335
Total lease payments	$	14,052	$	369,544
Less: discount	1,357		247,649
Present value of lease liability	$	12,695	$	121,895