Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Summary of Assets and Liabilities, Lessee
The table below sets forth supplemental condensed consolidated balance sheet information related to our leases:
June 30, 2025 December 31, 2024
Operating Leases:
Right-of-use (“ROU”) assets $ 77,181  $ 80,149 
Current portions of operating lease liabilities $ 7,616  $ 10,536 
Long-term portions of operating lease liabilities 57,547  59,479 
Total operating lease liabilities $ 65,163  $ 70,015 
Weighted-average remaining lease term 18 years 19 years
Weighted-average discount rate 6.6  % 6.6  %
Financing Leases:
Energy assets $ 24,106  $ 25,158 
Current portions of financing lease liabilities $ 702  $ 637 
Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs 11,967  12,267 
Total financing lease liabilities $ 12,669  $ 12,904 
Weighted-average remaining lease term 12 years 12 years
Weighted-average discount rate 12.0  % 12.0  %
Summary of Other Lease Cost Details
The costs related to our leases were as follows:
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Operating Leases:
Operating lease costs $ 3,189  $ 3,176  $ 6,512  $ 6,232 
Financing Leases:
Amortization expense 526  526  1,052  1,052 
Interest on lease liabilities 391  389  777  781 
Total lease costs $ 4,106  $ 4,091  $ 8,341  $ 8,065 
Supplemental cash flow information related to our leases was as follows:
Six Months Ended June 30,
2025 2024
Cash paid for amounts included in the measurement of operating lease liabilities $ 8,665  $ 9,682 
ROU assets obtained in exchange for new operating lease liabilities (1)
$ 1,563  $ 13,573 
(1) Includes non-monetary lease transactions of $0 and $10,378 in 2025 and 2024, respectively. See disclosure below for additional information.
Summary of Operating Lease Liability Maturity
The table below sets forth our future lease obligations under our leases:
  Operating Leases Financing Leases
Year ended December 31,  
2025 $ 6,214  $ 1,127 
2026 10,268  2,054 
2027 9,022  1,922 
2028 7,601  1,955 
2029 5,617  1,892 
Thereafter 72,774  14,044 
Total lease payments 111,496  22,994 
Less: interest 46,333  10,325 
Present value of lease liabilities $ 65,163  $ 12,669 
Summary of Finance Lease Liability Maturity
The table below sets forth our future lease obligations under our leases:
  Operating Leases Financing Leases
Year ended December 31,  
2025 $ 6,214  $ 1,127 
2026 10,268  2,054 
2027 9,022  1,922 
2028 7,601  1,955 
2029 5,617  1,892 
Thereafter 72,774  14,044 
Total lease payments 111,496  22,994 
Less: interest 46,333  10,325 
Present value of lease liabilities $ 65,163  $ 12,669