LEASES (Tables)
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9 Months Ended |
Sep. 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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September 30, 2026 |
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December 31, 2025 |
| Operating Leases: |
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Right-of-use (“ROU”) assets |
$ |
71,051 |
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$ |
76,165 |
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Current portions of operating lease liabilities |
$ |
9,970 |
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$ |
7,959 |
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Long-term portions of operating lease liabilities |
49,168 |
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|
55,938 |
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Total operating lease liabilities |
$ |
59,138 |
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$ |
63,897 |
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Weighted-average remaining lease term |
15 years |
|
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 |
$ |
21,477 |
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$ |
23,055 |
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Current portions of financing lease liabilities |
$ |
764 |
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$ |
546 |
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Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
11,115 |
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|
11,536 |
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Total financing lease liabilities |
$ |
11,879 |
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|
$ |
12,082 |
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Weighted-average remaining lease term |
10 years |
|
11 years |
Weighted-average discount rate |
12.66 |
% |
|
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 September 30, |
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Nine Months Ended September 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 |
$ |
3,597 |
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$ |
3,046 |
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$ |
10,341 |
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$ |
9,558 |
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Financing Leases: |
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Amortization expense |
1,052 |
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525 |
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2,104 |
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1,577 |
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Interest on lease liabilities |
423 |
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|
448 |
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1,086 |
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1,225 |
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Total lease costs |
$ |
5,072 |
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$ |
4,019 |
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$ |
13,531 |
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$ |
12,360 |
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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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2026 |
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2025 |
Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
9,579 |
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$ |
11,579 |
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ROU assets obtained in exchange for new operating lease liabilities |
$ |
11,716 |
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$ |
2,973 |
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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 |
$ |
3,158 |
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$ |
807 |
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2027 |
12,754 |
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1,927 |
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2028 |
9,927 |
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1,942 |
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2029 |
7,141 |
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1,903 |
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2030 |
4,705 |
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|
1,723 |
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Thereafter |
57,834 |
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|
12,317 |
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Total lease payments |
95,519 |
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|
20,619 |
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Less: interest |
36,381 |
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|
8,740 |
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Present value of lease liabilities |
$ |
59,138 |
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$ |
11,879 |
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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 |
$ |
3,158 |
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$ |
807 |
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2027 |
12,754 |
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1,927 |
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2028 |
9,927 |
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1,942 |
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2029 |
7,141 |
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|
1,903 |
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2030 |
4,705 |
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|
1,723 |
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Thereafter |
57,834 |
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|
12,317 |
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Total lease payments |
95,519 |
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|
20,619 |
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Less: interest |
36,381 |
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|
8,740 |
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Present value of lease liabilities |
$ |
59,138 |
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$ |
11,879 |
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