Leases (Tables)
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6 Months Ended |
Jun. 30, 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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June 30, 2023 |
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December 31, 2022 |
| Operating Leases: |
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| Operating lease assets |
$ |
38,833 |
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$ |
38,224 |
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| Current portions of operating lease liabilities |
$ |
5,935 |
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$ |
5,829 |
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| Long-term portions of operating lease liabilities |
32,487 |
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|
31,703 |
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| Total operating lease liabilities |
$ |
38,422 |
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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 |
6.1 |
% |
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6.0 |
% |
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| Financing Leases: |
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| Energy assets |
$ |
28,314 |
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$ |
29,365 |
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| Current portions of financing lease liabilities |
$ |
1,631 |
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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 |
13,504 |
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|
14,068 |
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| Total financing lease liabilities |
$ |
15,135 |
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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 June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Operating Leases: |
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| Operating lease costs |
$ |
2,316 |
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$ |
2,063 |
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$ |
4,436 |
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$ |
4,354 |
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| Financing Leases: |
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| Amortization expense |
525 |
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532 |
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1,051 |
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887 |
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| Interest on lease liabilities |
433 |
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536 |
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877 |
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1,095 |
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| Total lease costs |
$ |
3,274 |
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$ |
3,131 |
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$ |
6,364 |
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$ |
6,336 |
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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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2023 |
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2022 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
3,792 |
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$ |
3,814 |
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| Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities |
$ |
3,486 |
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$ |
1,712 |
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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 |
$ |
4,344 |
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$ |
1,832 |
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| 2024 |
7,475 |
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2,565 |
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| 2025 |
6,187 |
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2,213 |
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| 2026 |
3,990 |
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2,054 |
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| 2027 |
3,072 |
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1,922 |
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| Thereafter |
31,317 |
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17,891 |
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| Total minimum lease payments |
56,385 |
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|
28,477 |
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| Less: interest |
17,963 |
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|
13,342 |
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| Present value of lease liabilities |
$ |
38,422 |
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$ |
15,135 |
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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 |
$ |
4,344 |
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$ |
1,832 |
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| 2024 |
7,475 |
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2,565 |
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| 2025 |
6,187 |
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2,213 |
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| 2026 |
3,990 |
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2,054 |
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| 2027 |
3,072 |
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1,922 |
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| Thereafter |
31,317 |
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17,891 |
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| Total minimum lease payments |
56,385 |
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28,477 |
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| Less: interest |
17,963 |
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13,342 |
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| Present value of lease liabilities |
$ |
38,422 |
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$ |
15,135 |
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