Leases (Tables)

12 Months Ended

Dec. 31, 2022

The following table provides information on the amounts (in thousands, except lease term and discount rates) of our ROU assets and liabilities as of December 31, 2022 and 2021 and their placement within our consolidated balance sheets:


Lease type	Balance Sheet Location	December 31, 2022			December 31, 2021
Assets

Finance	Property, plant, and equipment	$	21,150		$	20,556
Finance	Accumulated amortization	(10,308)			(8,397)
Finance	Property, plant, and equipment, net	$	10,842		$	12,159
Operating	Operating lease right-of-use assets	350,761			383,824
Total right-of-use assets		$	361,603		$	395,983

Liabilities
Current
Finance	Other accrued liabilities	$	1,782		$	1,540
Operating	Operating lease liabilities	66,081			53,640
Long-term
Finance	Finance lease liabilities	6,311			7,691
Operating	Operating lease liabilities	292,701			335,094
Total lease liabilities		$	366,875		$	397,965

Weighted-average remaining lease term (in years)
Finance		5.60			6.29
Operating		9.00			11.28
Weighted-average discount rate
Finance		7.38		%	7.46		%
Operating		7.10		%	6.70		%

Lease, Cost

The following table summarizes the lease costs recognized in our consolidated statements of operations (in thousands):


	Year Ended December 31,
Lease cost type		2022		2021		2020
Finance lease cost
Amortization of finance lease ROU assets		$	1,917	$	1,913	$	2,007
Interest on lease liabilities		619		655		654
Operating lease cost		89,591		91,882		106,256
Variable lease cost		5,478		6,716		9,802
Short-term lease cost		8,575		1,013		1,926
Net lease cost		$	106,180	$	102,179	$	120,645

Operating lease income (1)		$	(11,030)	$	(3,149)	$	(3,201)

_________________________________________________________

(1)At December 31, 2022 and 2021, Property, plant, and equipment, net associated with leased assets was approximately $9.2 million and $10.8 million, respectively. The majority of our lessor income comes from leases with lease terms of one year or less and the estimated future undiscounted cash flows from lessor income are not expected to be material.

The following table summarizes the supplemental cash flow information related to leases as follows (in thousands):


	Year Ended December 31,
Lease type	2022		2021		2020
Cash paid for amounts included in the measurement of liabilities
Financing cash flows from finance leases	$	1,620	$	1,914	$	1,932
Operating cash flows from finance leases	614		658		656
Operating cash flows from operating leases	85,681		89,677		103,270
Non-cash supplemental amounts
ROU assets obtained in exchange for new finance lease liabilities	594		1,936		3,476
ROU assets obtained in exchange for new operating lease liabilities	64,567		97,011		22,529
ROU assets terminated in exchange for release from finance lease liabilities	—		—		—
ROU assets terminated in exchange for release from operating lease liabilities	32,902		6,847		7,738

Operating Lease, Liability, Maturity

The table below includes the estimated future undiscounted cash flows for finance and operating leases as of December 31, 2022 (in thousands):


For the year ending December 31,	Finance leases		Operating leases		Total

2023	$	2,286	$	88,546	$	90,832
2024	1,955		75,129		77,084
2025	1,794		50,823		52,617
2026	1,327		45,777		47,104
2027	1,098		43,575		44,673
Thereafter	1,582		160,849		162,431
Total lease payments	10,042		464,699		474,741
Less amount representing interest	(1,949)		(105,917)		(107,866)
Present value of lease liabilities	$	8,093	$	358,782	$	366,875

Finance Lease, Liability, Maturity

The table below includes the estimated future undiscounted cash flows for finance and operating leases as of December 31, 2022 (in thousands):


For the year ending December 31,	Finance leases		Operating leases		Total

2023	$	2,286	$	88,546	$	90,832
2024	1,955		75,129		77,084
2025	1,794		50,823		52,617
2026	1,327		45,777		47,104
2027	1,098		43,575		44,673
Thereafter	1,582		160,849		162,431
Total lease payments	10,042		464,699		474,741
Less amount representing interest	(1,949)		(105,917)		(107,866)
Present value of lease liabilities	$	8,093	$	358,782	$	366,875