Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Rent and Related Expenses and Lease Costs
Rent and related expenses were as follows:
Year Ended December 31,
2024 2023 2022
Rent and related expenses $ 13,945  $ 10,504  $ 9,199 
The costs related to our leases were as follows:
Year Ended December 31,
2024 2023 2022
Operating Leases
Operating lease costs $ 12,945  $ 9,416  $ 8,372 
Financing Leases
Amortization expense 2,104  2,103  2,104 
Interest on lease liabilities 1,752  1,804  2,147 
Total financing lease costs 3,856  3,907  4,251 
Total lease costs $ 16,801  $ 13,323  $ 12,623 

Supplemental cash flow information related to our leases was as follows:
Year Ended December 31,
2024 2023
Cash paid for amounts included in the measurement of operating lease liabilities $ 19,428  $ 10,724 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$ 29,808  $ 25,225 
(1) Includes non-monetary lease transactions of $10,378 and $13,941 for the years ended December 31, 2024 and 2023, respectively. See disclosure below for additional information.
Schedule of Assets and Liabilities, Lessee
The table below sets forth supplemental balance sheet information related to leases:
December 31,
2024 2023
Operating Leases
Right-of-use assets, net $ 80,149  $ 58,586 
Current portions of operating lease liabilities $ 10,536  $ 13,569 
Long-term operating lease liabilities, net of current portion 59,479  42,258 
Total operating lease liabilities $ 70,015  $ 55,827 
Weighted-average remaining lease term 19 years 18 years
Weighted-average discount rate 6.6  % 6.6  %
Financing Leases (1)
Energy assets, net $ 25,158  $ 27,262 
Current portions of financing lease liabilities $ 637  $ 871 
Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs 12,267  13,057 
Total financing lease liabilities $ 12,904  $ 13,928 
Weighted-average remaining lease term 12 years 13 years
Weighted-average discount rate 12.03  % 12.05  %
(1) Includes sale-leaseback transactions entered into prior to January 1, 2019.
Schedule of Finance Lease Liability Maturity
The table below sets forth our estimated minimum future lease obligations under our leases:
  Operating Leases Financing Leases
Year ended December 31,  
2025 $ 14,527  $ 1,899 
2026 9,702  2,054 
2027 8,565  1,923 
2028 7,174  1,955 
2029 5,521  1,892 
Thereafter 73,464  14,043 
Total minimum lease payments $ 118,953  $ 23,766 
Less: interest 48,938  10,862 
Present value of lease liabilities $ 70,015  $ 12,904 
Schedule of Operating Lease Liability Maturity
The table below sets forth our estimated minimum future lease obligations under our leases:
  Operating Leases Financing Leases
Year ended December 31,  
2025 $ 14,527  $ 1,899 
2026 9,702  2,054 
2027 8,565  1,923 
2028 7,174  1,955 
2029 5,521  1,892 
Thereafter 73,464  14,043 
Total minimum lease payments $ 118,953  $ 23,766 
Less: interest 48,938  10,862 
Present value of lease liabilities $ 70,015  $ 12,904 
Schedule of Amount Related to Sale Leasebacks
The following table presents a summary of amounts related to these sale-leasebacks included in our consolidated balance sheets:
December 31,
2024 2023
Deferred loss, short-term, net 115  115 
Deferred loss, long-term, net 1,224  1,340 
Total deferred loss $ 1,339  $ 1,455 
Deferred gain, short-term, net 345  345 
Deferred gain, long-term, net 3,739  4,085 
Total deferred gain $ 4,084  $ 4,430