Leases (Tables)
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9 Months Ended |
Sep. 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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September 30, 2022 |
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December 31, 2021 |
| Operating Leases: |
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| Operating lease assets |
$ |
37,952 |
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$ |
41,982 |
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| Current portions of operating lease liabilities |
$ |
6,129 |
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$ |
6,276 |
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| Long-term portions of operating lease liabilities |
31,142 |
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|
35,135 |
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| Total operating lease liabilities |
$ |
37,271 |
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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 |
$ |
29,891 |
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$ |
31,876 |
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| Current portions of financing lease liabilities |
$ |
2,517 |
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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 |
15,089 |
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16,101 |
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| Total financing lease liabilities |
$ |
17,606 |
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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 September 30, |
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Nine Months Ended September 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 |
$ |
1,890 |
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$ |
2,165 |
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$ |
6,244 |
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$ |
6,505 |
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| Financing Leases: |
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| Amortization expense |
691 |
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532 |
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1,578 |
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1,597 |
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| Interest on lease liabilities |
525 |
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608 |
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1,620 |
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1,932 |
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| Total lease costs |
$ |
3,106 |
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$ |
3,305 |
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$ |
9,442 |
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$ |
10,034 |
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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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2022 |
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2021 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
5,948 |
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$ |
6,347 |
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| Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities |
$ |
2,960 |
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$ |
6,544 |
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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 |
$ |
2,039 |
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$ |
2,443 |
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| 2023 |
7,721 |
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3,676 |
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| 2024 |
6,494 |
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2,565 |
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| 2025 |
5,144 |
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2,213 |
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| 2026 |
2,986 |
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2,054 |
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| Thereafter |
28,524 |
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19,812 |
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| Total minimum lease payments |
52,908 |
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32,763 |
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| Less: interest |
15,637 |
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15,157 |
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| Present value of lease liabilities |
$ |
37,271 |
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$ |
17,606 |
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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 |
$ |
2,039 |
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$ |
2,443 |
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| 2023 |
7,721 |
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3,676 |
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| 2024 |
6,494 |
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2,565 |
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| 2025 |
5,144 |
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2,213 |
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| 2026 |
2,986 |
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2,054 |
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| Thereafter |
28,524 |
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19,812 |
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| Total minimum lease payments |
52,908 |
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32,763 |
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| Less: interest |
15,637 |
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15,157 |
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| Present value of lease liabilities |
$ |
37,271 |
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$ |
17,606 |
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