Leases (Tables)
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9 Months Ended |
Sep. 30, 2021 |
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| Leases [Abstract] |
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| Schedule of Assets and Liabilities, Lessee |
The table below sets forth supplemental condensed consolidated balance sheet information related to our leases:
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September 30, 2021 |
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December 31, 2020 |
| Operating Leases: |
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| Operating lease assets |
$ |
40,355 |
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$ |
39,151 |
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| Current portions of operating lease liabilities |
$ |
6,258 |
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$ |
6,106 |
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| Long-term portions of operating lease liabilities |
36,373 |
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|
35,300 |
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| Total operating lease liabilities |
$ |
42,631 |
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$ |
41,406 |
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| Weighted-average remaining lease term |
12 years |
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12 years |
| Weighted-average discount rate |
5.74 |
% |
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5.94 |
% |
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| Financing Leases: |
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| Energy assets |
$ |
32,408 |
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$ |
34,005 |
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| Current portions of financing lease liabilities |
$ |
3,745 |
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$ |
4,273 |
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| Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
17,607 |
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|
19,227 |
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| Total financing lease liabilities |
$ |
21,352 |
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$ |
23,500 |
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| Weighted-average remaining lease term |
15 years |
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16 years |
| Weighted-average discount rate |
12.02 |
% |
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11.94 |
% |
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| Schedule of Other Lease Cost Details |
The costs related to our leases were as follows:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
| Operating Leases: |
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| Operating lease costs |
$ |
2,165 |
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$ |
2,001 |
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$ |
6,505 |
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$ |
5,933 |
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| Financing Leases: |
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| Amortization expense |
532 |
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533 |
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1,597 |
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1,597 |
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| Interest on lease liabilities |
608 |
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723 |
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1,932 |
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2,282 |
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| Total lease costs |
$ |
3,305 |
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$ |
3,257 |
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$ |
10,034 |
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$ |
9,812 |
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Supplemental cash flow information related to our leases was as follows:
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Nine Months Ended September 30, |
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2021 |
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2020 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
6,347 |
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$ |
5,690 |
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| Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities |
$ |
6,544 |
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$ |
8,087 |
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| Schedule of Operating Lease Liability Maturity |
The table below sets forth our estimated minimum future lease obligations under our leases:
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Operating Leases |
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Financing Leases |
| Year ended December 31, |
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| 2021 |
$ |
2,037 |
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$ |
3,305 |
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| 2022 |
8,326 |
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5,179 |
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| 2023 |
6,952 |
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3,676 |
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| 2024 |
5,804 |
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2,565 |
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| 2025 |
4,703 |
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2,213 |
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| Thereafter |
33,254 |
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21,866 |
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| Total minimum lease payments |
61,076 |
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|
38,804 |
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| Less: interest |
18,445 |
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17,452 |
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| Present value of lease liabilities |
$ |
42,631 |
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$ |
21,352 |
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| Schedule of Finance Lease Liability Maturity |
The table below sets forth our estimated minimum future lease obligations under our leases:
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Operating Leases |
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Financing Leases |
| Year ended December 31, |
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| 2021 |
$ |
2,037 |
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$ |
3,305 |
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| 2022 |
8,326 |
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5,179 |
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| 2023 |
6,952 |
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3,676 |
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| 2024 |
5,804 |
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2,565 |
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| 2025 |
4,703 |
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2,213 |
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| Thereafter |
33,254 |
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21,866 |
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| Total minimum lease payments |
61,076 |
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38,804 |
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| Less: interest |
18,445 |
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17,452 |
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| Present value of lease liabilities |
$ |
42,631 |
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$ |
21,352 |
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