LEASES (Tables)
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6 Months Ended |
Jun. 30, 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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June 30, 2026 |
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December 31, 2025 |
| Operating Leases: |
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Right-of-use (“ROU”) assets |
$ |
74,512 |
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$ |
76,165 |
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Current portions of operating lease liabilities |
$ |
9,405 |
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$ |
7,959 |
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Long-term portions of operating lease liabilities |
53,080 |
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|
55,938 |
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Total operating lease liabilities |
$ |
62,485 |
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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 |
$ |
22,003 |
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$ |
23,055 |
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Current portions of financing lease liabilities |
$ |
686 |
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$ |
546 |
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Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
11,212 |
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|
11,536 |
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Total financing lease liabilities |
$ |
11,898 |
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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 |
12.65 |
% |
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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 June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
Operating Leases: |
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Operating lease costs |
$ |
3,646 |
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$ |
3,189 |
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$ |
6,744 |
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$ |
6,512 |
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Financing Leases: |
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Amortization expense |
526 |
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526 |
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1,052 |
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1,052 |
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Interest on lease liabilities |
238 |
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|
405 |
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663 |
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777 |
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Total lease costs |
$ |
4,410 |
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$ |
4,120 |
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$ |
8,459 |
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$ |
8,341 |
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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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2026 |
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2025 |
Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
6,329 |
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$ |
8,665 |
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ROU assets obtained in exchange for new operating lease liabilities |
$ |
8,617 |
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$ |
1,563 |
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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 |
$ |
6,298 |
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$ |
1,007 |
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2027 |
12,413 |
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1,927 |
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2028 |
9,566 |
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1,942 |
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2029 |
6,845 |
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1,903 |
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2030 |
4,701 |
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|
1,723 |
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Thereafter |
64,486 |
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|
12,317 |
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Total lease payments |
104,309 |
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|
20,819 |
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Less: interest |
41,824 |
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|
8,921 |
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Present value of lease liabilities |
$ |
62,485 |
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$ |
11,898 |
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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 |
$ |
6,298 |
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$ |
1,007 |
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2027 |
12,413 |
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1,927 |
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2028 |
9,566 |
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1,942 |
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2029 |
6,845 |
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1,903 |
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2030 |
4,701 |
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|
1,723 |
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Thereafter |
64,486 |
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|
12,317 |
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Total lease payments |
104,309 |
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20,819 |
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Less: interest |
41,824 |
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|
8,921 |
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Present value of lease liabilities |
$ |
62,485 |
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$ |
11,898 |
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