Leases (Tables)
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6 Months Ended |
Jun. 30, 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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June 30, 2022 |
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December 31, 2021 |
| Operating Leases: |
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| Operating lease assets |
$ |
38,929 |
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$ |
41,982 |
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| Current portions of operating lease liabilities |
$ |
5,953 |
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$ |
6,276 |
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| Long-term portions of operating lease liabilities |
32,642 |
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|
35,135 |
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| Total operating lease liabilities |
$ |
38,595 |
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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 |
5.6 |
% |
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5.7 |
% |
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| Financing Leases: |
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| Energy assets |
$ |
30,989 |
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$ |
31,876 |
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| Current portions of financing lease liabilities |
$ |
2,473 |
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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 |
15,200 |
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16,101 |
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| Total financing lease liabilities |
$ |
17,673 |
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$ |
19,226 |
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| Weighted-average remaining lease term |
14 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 June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Operating Leases: |
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| Operating lease costs |
$ |
2,063 |
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$ |
2,187 |
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$ |
4,354 |
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$ |
4,340 |
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| Financing Leases: |
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| Amortization expense |
532 |
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533 |
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887 |
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1,065 |
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| Interest on lease liabilities |
536 |
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666 |
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1,095 |
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1,324 |
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| Total lease costs |
$ |
3,131 |
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$ |
3,386 |
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$ |
6,336 |
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$ |
6,729 |
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Supplemental cash flow information related to our leases was as follows:
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Six Months Ended June 30, |
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2022 |
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2021 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
3,814 |
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$ |
4,355 |
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| Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities |
$ |
1,712 |
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$ |
4,961 |
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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 |
$ |
4,185 |
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$ |
2,580 |
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| 2023 |
7,585 |
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3,675 |
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| 2024 |
6,363 |
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2,565 |
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| 2025 |
5,128 |
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2,213 |
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| 2026 |
3,197 |
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2,054 |
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| Thereafter |
29,102 |
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19,810 |
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| Total minimum lease payments |
55,560 |
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32,897 |
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| Less: interest |
16,965 |
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15,224 |
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| Present value of lease liabilities |
$ |
38,595 |
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$ |
17,673 |
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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 |
$ |
4,185 |
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$ |
2,580 |
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| 2023 |
7,585 |
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3,675 |
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| 2024 |
6,363 |
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2,565 |
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| 2025 |
5,128 |
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2,213 |
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| 2026 |
3,197 |
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2,054 |
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| Thereafter |
29,102 |
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19,810 |
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| Total minimum lease payments |
55,560 |
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32,897 |
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| Less: interest |
16,965 |
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15,224 |
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| Present value of lease liabilities |
$ |
38,595 |
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$ |
17,673 |
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