XML 43 R33.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Expenses Related to Leasing Activity and Weighted Average Lease Terms and Interest Rates of Leases Held and Cash Outflows of Leasing Activity The expenses related to our leasing activity for the three months ended March 31, 2024 and 2023 were as follows (in thousands):
Three Months Ended March 31,
Lease TypeClassification20242023
Operating Lease Expense (1)
Operating expenses$5,716 $4,882 
Financing Lease AmortizationOperating expenses134 138 
Financing Lease InterestInterest expense27 26 
Financing Lease Expense161 164 
Net Lease Cost$5,877 $5,046 
(1)     Includes short-term lease expense, which is immaterial.
The weighted average lease terms and interest rates of leases held as of March 31, 2024 and December 31, 2023 were as follows:
March 31, 2024December 31, 2023
Operating Leases
Finance Leases
Operating Leases
Finance Leases
Weighted average remaining lease term
6.7 years3.2 years6.6 years2.8 years
Weighted average interest rate
7.9%7.4%7.8%7.1%

The cash outflows of leasing activity for the three months ended March 31, 2024 and 2023 were as follows (in thousands):
Three Months Ended March 31,
Cash Flow SourceClassification20242023
Operating cash flows from operating leasesOperating activities$(4,674)$(3,524)
Operating cash flows from financing leasesOperating activities(50)(68)
Financing cash flows from financing leasesFinancing activities(124)(123)
Schedule of Value of Net Assets and Liabilities Related to Operating and Finance Leases
The value of net assets and liabilities related to our operating and finance leases as of March 31, 2024 and December 31, 2023 was as follows (in thousands):
Lease TypeMarch 31, 2024December 31, 2023
Total ROU operating lease assets
$79,024 $76,340 
Total ROU financing lease assets
1,810 1,560 
Total lease assets$80,834 $77,900 
Total current operating lease obligation
$14,110 $13,010 
Total current financing lease obligation
528 539 
Total current lease obligation$14,638 $13,549 
Total long-term operating lease obligation
$68,275 $66,234 
Total long-term financing lease obligation
1,048 831 
Total long-term lease obligation
$69,323 $67,065 
Schedule of Value of Lease Liabilities Related to Operating Leases
The value of lease liabilities related to our operating and finance leases as of March 31, 2024 was as follows (in thousands):
Maturity Date of Lease LiabilitiesOperating LeasesFinancing LeasesTotal
Remaining 2024$14,728 $513 $15,241 
202519,378 516 19,894 
202615,614 431 16,045 
202713,583 200 13,783 
202811,550 95 11,645 
Thereafter33,575 16 33,591 
Total lease payments108,428 1,771 110,199 
Less: Interest(26,043)(195)(26,238)
Present value of lease liabilities$82,385 $1,576 $83,961 
Schedule of Value of Lease Liabilities Related to Finance Leases
The value of lease liabilities related to our operating and finance leases as of March 31, 2024 was as follows (in thousands):
Maturity Date of Lease LiabilitiesOperating LeasesFinancing LeasesTotal
Remaining 2024$14,728 $513 $15,241 
202519,378 516 19,894 
202615,614 431 16,045 
202713,583 200 13,783 
202811,550 95 11,645 
Thereafter33,575 16 33,591 
Total lease payments108,428 1,771 110,199 
Less: Interest(26,043)(195)(26,238)
Present value of lease liabilities$82,385 $1,576 $83,961