Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Lease, Cost

The following table provides details of our lease contracts for the three-month and six-month periods ended June 30, 2024 and 2023 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Operating lease cost	$	9,572	$	14,311	$	19,118	$	26,062
Finance lease cost:
Amortization of right of use assets	2,357		1,935		3,665		2,780
Interest on lease liabilities	1,742		1,635		3,201		2,694
Total finance lease cost	4,099		3,570		6,866		5,474
Short-term lease cost	8,786		4,860		14,804		9,920
Variable lease cost	9,215		4,766		17,012		8,275
Total lease cost	$	31,672	$	27,507	$	57,800	$	49,731

Supplemental cash flow information related to our lease contracts for the six-month periods ended June 30, 2024 and 2023 is as follows (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	$	18,022	$	24,816
Operating cash flows from finance leases	6,318		2,400
Financing cash flows from finance leases	2,722		1,081
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	9,449		30,581
Finance leases	6,200		46,773

Supplemental Balance Sheet Information related to Leases

Supplemental balance sheet information related to our lease contracts, including the location on balance sheet, at June 30, 2024 and December 31, 2023 is as follows (in thousands, except as noted):

	June 30, 2024			December 31, 2023
Operating leases:
Other assets	$	129,486		$	137,405
Accrued expenses	28,368			30,583
Other noncurrent liabilities	108,404			113,681
Total operating lease liabilities	136,772			144,264
Finance leases:
Net property, plant and equipment	114,509			112,438
Current portion of long-term debt(a)	6,697			9,702
Long-term debt	109,887			104,484
Total finance lease liabilities	116,584			114,186
Weighted average remaining lease term (in years):
Operating leases	12.7			12.2
Finance leases	20.6			20.7
Weighted average discount rate (%):
Operating leases	4.66		%	4.74		%
Finance leases	5.61		%	4.71		%

(a)    Balance includes accrued interest of finance lease recorded in Accrued expenses.

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities at June 30, 2024 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2024	$	16,362	$	5,690
2025	30,762		10,739
2026	22,355		10,098
2027	17,011		10,098
2028	12,382		10,098
Thereafter	108,091		141,265
Total lease payments	206,963		187,988
Less imputed interest	70,191		71,404
Total	$	136,772	$	116,584

Finance Lease, Liability, Maturity

Maturities of lease liabilities at June 30, 2024 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2024	$	16,362	$	5,690
2025	30,762		10,739
2026	22,355		10,098
2027	17,011		10,098
2028	12,382		10,098
Thereafter	108,091		141,265
Total lease payments	206,963		187,988
Less imputed interest	70,191		71,404
Total	$	136,772	$	116,584