Leases (Tables)
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3 Months Ended |
Mar. 31, 2022 |
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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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March 31, 2022 |
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December 31, 2021 |
| Operating Leases: |
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| Operating lease assets |
$ |
39,485 |
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$ |
41,982 |
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| Current portions of operating lease liabilities |
$ |
6,134 |
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$ |
6,276 |
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| Long-term portions of operating lease liabilities |
32,854 |
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|
35,135 |
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| Total operating lease liabilities |
$ |
38,988 |
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$ |
41,411 |
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| Weighted-average remaining lease term |
12 years |
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12 years |
| Weighted-average discount rate |
5.7 |
% |
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5.7 |
% |
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| Financing Leases: |
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| Energy assets |
$ |
31,521 |
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$ |
31,876 |
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| Current portions of financing lease liabilities |
$ |
3,226 |
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$ |
3,125 |
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| Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
15,973 |
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|
16,101 |
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| Total financing lease liabilities |
$ |
19,199 |
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$ |
19,226 |
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| Weighted-average remaining lease term |
15 years |
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15 years |
| Weighted-average discount rate |
12.1 |
% |
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12.1 |
% |
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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 March 31, |
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2022 |
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2021 |
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| Operating Leases: |
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| Operating lease costs |
$ |
2,291 |
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$ |
2,153 |
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| Financing Leases: |
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| Amortization expense |
355 |
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532 |
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| Interest on lease liabilities |
559 |
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658 |
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| Total lease costs |
$ |
3,205 |
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$ |
3,343 |
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Supplemental cash flow information related to our leases was as follows:
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Three Months Ended March 31, |
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2022 |
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2021 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
1,907 |
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$ |
2,423 |
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| Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities |
$ |
367 |
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$ |
3,773 |
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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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| 2022 |
$ |
6,134 |
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$ |
5,124 |
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| 2023 |
7,176 |
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3,676 |
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| 2024 |
5,943 |
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2,565 |
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| 2025 |
4,725 |
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2,213 |
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| 2026 |
2,880 |
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2,054 |
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| Thereafter |
28,615 |
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|
19,813 |
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| Total minimum lease payments |
55,473 |
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35,445 |
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| Less: interest |
16,485 |
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|
16,246 |
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| Present value of lease liabilities |
$ |
38,988 |
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$ |
19,199 |
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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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| 2022 |
$ |
6,134 |
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$ |
5,124 |
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| 2023 |
7,176 |
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3,676 |
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| 2024 |
5,943 |
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2,565 |
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| 2025 |
4,725 |
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2,213 |
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| 2026 |
2,880 |
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2,054 |
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| Thereafter |
28,615 |
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19,813 |
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| Total minimum lease payments |
55,473 |
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35,445 |
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| Less: interest |
16,485 |
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16,246 |
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| Present value of lease liabilities |
$ |
38,988 |
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$ |
19,199 |
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