Leases (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Leases [Abstract] |
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| Schedule of Rent and Related Expenses and Lease Costs |
Rent and related expenses were as follows:
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Year Ended December 31, |
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2023 |
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2022 |
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2021 |
| Rent and related expenses |
$ |
10,504 |
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$ |
9,199 |
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$ |
9,740 |
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The costs related to our leases were as follows:
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Year Ended December 31, |
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2023 |
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2022 |
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2021 |
| Operating Leases |
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| Operating lease costs |
$ |
9,416 |
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$ |
8,372 |
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$ |
8,780 |
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| Financing Leases |
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| Amortization expense |
2,103 |
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2,104 |
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2,129 |
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| Interest on lease liabilities |
1,804 |
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2,147 |
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2,541 |
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| Total financing lease costs |
3,907 |
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4,251 |
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4,670 |
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| Total lease costs |
$ |
13,323 |
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$ |
12,623 |
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$ |
13,450 |
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Supplemental cash flow information related to our leases was as follows:
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Year Ended December 31, |
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2023 |
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2022 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
10,724 |
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$ |
7,978 |
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Right-of-use assets obtained in exchange for new operating lease liabilities (1)
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$ |
25,225 |
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$ |
4,872 |
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(1) Includes non-monetary lease transactions of $13,941. See disclosure below for additional information. |
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| Schedule of Assets and Liabilities, Lessee |
The table below sets forth supplemental balance sheet information related to leases:
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December 31, |
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2023 |
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2022 |
| Operating Leases |
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| Operating lease assets |
$ |
58,586 |
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$ |
38,224 |
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| Current portion of operating lease liabilities |
$ |
13,569 |
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$ |
5,829 |
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| Long-term operating lease liabilities, net of current portion |
42,258 |
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31,703 |
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| Total Operating lease liabilities |
$ |
55,827 |
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$ |
37,532 |
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| Weighted-average remaining lease term |
18 years |
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13 years |
| Weighted-average discount rate |
6.6 |
% |
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6.0 |
% |
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Financing Leases (1)
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| Energy assets, net |
$ |
27,262 |
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$ |
29,365 |
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| Current portions of financing lease liabilities |
$ |
871 |
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$ |
1,992 |
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| Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
13,057 |
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14,068 |
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| Total financing lease liabilities |
$ |
13,928 |
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$ |
16,060 |
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| Weighted-average remaining lease term |
13 years |
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14 years |
| Weighted-average discount rate |
12.05 |
% |
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12.1 |
% |
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| (1) Includes sale-leaseback transactions entered into prior to January 1, 2019. |
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| Schedule of Finance Lease Liability Maturity |
The table below sets forth our estimated minimum 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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| 2024 |
$ |
16,390 |
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$ |
2,317 |
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| 2025 |
11,068 |
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2,213 |
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| 2026 |
5,813 |
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2,054 |
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| 2027 |
4,781 |
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1,922 |
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| 2028 |
4,186 |
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1,955 |
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| Thereafter |
79,489 |
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15,935 |
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| Total minimum lease payments |
$ |
121,727 |
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$ |
26,396 |
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| Less: interest |
65,900 |
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12,468 |
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| Present value of lease liabilities |
$ |
55,827 |
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$ |
13,928 |
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| Schedule of Operating Lease Liability Maturity |
The table below sets forth our estimated minimum 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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| 2024 |
$ |
16,390 |
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$ |
2,317 |
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| 2025 |
11,068 |
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2,213 |
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| 2026 |
5,813 |
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2,054 |
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| 2027 |
4,781 |
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1,922 |
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| 2028 |
4,186 |
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1,955 |
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| Thereafter |
79,489 |
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15,935 |
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| Total minimum lease payments |
$ |
121,727 |
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$ |
26,396 |
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| Less: interest |
65,900 |
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12,468 |
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| Present value of lease liabilities |
$ |
55,827 |
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$ |
13,928 |
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| 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:
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December 31, |
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2023 |
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2022 |
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| Deferred loss, short-term, net |
115 |
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115 |
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| Deferred loss, long-term, net |
1,340 |
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1,455 |
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| Total deferred loss |
$ |
1,455 |
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$ |
1,570 |
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| Deferred gain, short-term, net |
345 |
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345 |
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| Deferred gain, long-term, net |
4,085 |
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4,430 |
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| Total deferred gain |
$ |
4,430 |
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$ |
4,775 |
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