LEASES (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Leases [Abstract] |
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| Summary 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, 2026 |
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December 31, 2025 |
| Operating Leases: |
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Right-of-use (“ROU”) assets |
$ |
75,645 |
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$ |
76,165 |
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Current portions of operating lease liabilities |
$ |
9,582 |
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$ |
7,959 |
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Long-term portions of operating lease liabilities |
53,641 |
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55,938 |
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Total operating lease liabilities |
$ |
63,223 |
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$ |
63,897 |
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Weighted-average remaining lease term |
16 years |
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17 years |
Weighted-average discount rate |
6.6 |
% |
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6.6 |
% |
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Financing Leases: |
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Energy assets |
$ |
22,529 |
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$ |
23,055 |
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Current portions of financing lease liabilities |
$ |
755 |
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$ |
546 |
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Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
11,291 |
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11,536 |
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Total financing lease liabilities |
$ |
12,046 |
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$ |
12,082 |
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Weighted-average remaining lease term |
11 years |
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11 years |
Weighted-average discount rate |
11.95 |
% |
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11.95 |
% |
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| Summary 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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2026 |
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2025 |
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Operating Leases: |
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Operating lease costs |
$ |
3,098 |
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$ |
3,323 |
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Financing Leases: |
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Amortization expense |
526 |
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526 |
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Interest on lease liabilities |
425 |
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372 |
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Total lease costs |
$ |
4,049 |
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$ |
4,221 |
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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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2026 |
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2025 |
Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
3,472 |
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$ |
4,668 |
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ROU assets obtained in exchange for new operating lease liabilities (1)
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$ |
7,215 |
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$ |
871 |
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(1) Includes non-monetary lease transactions of $0 in 2026 and 2025, respectively. See disclosure below for additional information. |
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| Summary of Operating Lease Liability Maturity |
The table below sets forth our 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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2026 |
$ |
9,067 |
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$ |
1,646 |
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2027 |
12,111 |
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1,922 |
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2028 |
9,294 |
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1,955 |
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2029 |
6,632 |
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1,892 |
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2030 |
4,540 |
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1,725 |
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Thereafter |
61,788 |
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12,318 |
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Total lease payments |
103,432 |
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21,458 |
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Less: interest |
40,209 |
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|
9,412 |
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Present value of lease liabilities |
$ |
63,223 |
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$ |
12,046 |
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| Summary of Finance Lease Liability Maturity |
The table below sets forth our 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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2026 |
$ |
9,067 |
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$ |
1,646 |
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2027 |
12,111 |
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1,922 |
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2028 |
9,294 |
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1,955 |
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2029 |
6,632 |
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1,892 |
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2030 |
4,540 |
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1,725 |
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Thereafter |
61,788 |
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12,318 |
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Total lease payments |
103,432 |
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21,458 |
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Less: interest |
40,209 |
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|
9,412 |
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Present value of lease liabilities |
$ |
63,223 |
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$ |
12,046 |
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