Leases (Tables)
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3 Months Ended |
Mar. 31, 2023 |
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| Leases [Abstract] |
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| Schedule 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, 2023 |
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December 31, 2022 |
| Operating Leases: |
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| Operating lease assets |
$ |
38,189 |
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$ |
38,224 |
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| Current portions of operating lease liabilities |
$ |
5,868 |
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$ |
5,829 |
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| Long-term portions of operating lease liabilities |
31,779 |
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|
31,703 |
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| Total operating lease liabilities |
$ |
37,647 |
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$ |
37,532 |
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| Weighted-average remaining lease term |
13 years |
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13 years |
| Weighted-average discount rate |
6.0 |
% |
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6.0 |
% |
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| Financing Leases: |
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| Energy assets |
$ |
28,839 |
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$ |
29,365 |
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| Current portions of financing lease liabilities |
$ |
2,133 |
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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 |
13,898 |
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|
14,068 |
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| Total financing lease liabilities |
$ |
16,031 |
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$ |
16,060 |
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| Weighted-average remaining lease term |
14 years |
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14 years |
| Weighted-average discount rate |
12.1 |
% |
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12.1 |
% |
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| Schedule 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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2023 |
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2022 |
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| Operating Leases: |
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| Operating lease costs |
$ |
2,120 |
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$ |
2,291 |
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| Financing Leases: |
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| Amortization expense |
526 |
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355 |
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| Interest on lease liabilities |
444 |
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559 |
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| Total lease costs |
$ |
3,090 |
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$ |
3,205 |
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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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2023 |
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2022 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
1,852 |
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$ |
1,907 |
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| Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities |
$ |
1,319 |
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$ |
367 |
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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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| 2023 |
$ |
6,138 |
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$ |
3,598 |
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| 2024 |
6,790 |
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2,565 |
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| 2025 |
5,537 |
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2,213 |
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| 2026 |
3,455 |
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2,054 |
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| 2027 |
2,814 |
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1,922 |
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| Thereafter |
30,998 |
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17,890 |
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| Total minimum lease payments |
55,732 |
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|
30,242 |
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| Less: interest |
18,085 |
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|
14,211 |
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| Present value of lease liabilities |
$ |
37,647 |
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$ |
16,031 |
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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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| 2023 |
$ |
6,138 |
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$ |
3,598 |
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| 2024 |
6,790 |
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2,565 |
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| 2025 |
5,537 |
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2,213 |
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| 2026 |
3,455 |
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2,054 |
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| 2027 |
2,814 |
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1,922 |
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| Thereafter |
30,998 |
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17,890 |
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| Total minimum lease payments |
55,732 |
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30,242 |
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| Less: interest |
18,085 |
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14,211 |
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| Present value of lease liabilities |
$ |
37,647 |
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$ |
16,031 |
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