Leases (Tables)
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9 Months Ended |
Sep. 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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September 30, 2023 |
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December 31, 2022 |
| Operating Leases: |
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| Operating lease assets |
$ |
52,857 |
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$ |
38,224 |
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| Current portions of operating lease liabilities |
$ |
12,703 |
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$ |
5,829 |
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| Long-term portions of operating lease liabilities |
38,806 |
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31,703 |
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| Total operating lease liabilities |
$ |
51,509 |
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$ |
37,532 |
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| Weighted-average remaining lease term |
19 years |
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13 years |
| Weighted-average discount rate |
6.4 |
% |
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6.0 |
% |
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| Financing Leases: |
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| Energy assets |
$ |
27,788 |
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$ |
29,365 |
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| Current portions of financing lease liabilities |
$ |
1,706 |
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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 |
13,421 |
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14,068 |
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| Total financing lease liabilities |
$ |
15,127 |
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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 |
12.1 |
% |
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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 September 30, |
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Nine Months Ended September 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 |
$ |
2,692 |
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$ |
1,890 |
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$ |
7,128 |
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$ |
6,244 |
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| Financing Leases: |
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| Amortization expense |
526 |
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691 |
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1,577 |
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1,578 |
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| Interest on lease liabilities |
485 |
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525 |
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1,362 |
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1,620 |
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| Total lease costs |
$ |
3,703 |
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$ |
3,106 |
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$ |
10,067 |
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$ |
9,442 |
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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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2023 |
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2022 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
5,975 |
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$ |
5,948 |
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Right-of-use assets (“ROU”) obtained in exchange for new operating lease liabilities (1)
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$ |
19,255 |
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$ |
2,960 |
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(1) Includes non-monetary lease transactions of $14,249. See disclosure below for additional information. |
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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 |
$ |
3,134 |
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$ |
1,741 |
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| 2024 |
15,166 |
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2,565 |
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| 2025 |
10,174 |
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2,213 |
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| 2026 |
4,474 |
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2,054 |
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| 2027 |
3,460 |
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1,922 |
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| Thereafter |
37,145 |
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17,891 |
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| Total minimum lease payments |
73,553 |
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28,386 |
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| Less: interest |
22,044 |
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13,259 |
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| Present value of lease liabilities |
$ |
51,509 |
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$ |
15,127 |
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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 |
$ |
3,134 |
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$ |
1,741 |
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| 2024 |
15,166 |
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2,565 |
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| 2025 |
10,174 |
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2,213 |
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| 2026 |
4,474 |
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2,054 |
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| 2027 |
3,460 |
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1,922 |
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| Thereafter |
37,145 |
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17,891 |
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| Total minimum lease payments |
73,553 |
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28,386 |
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| Less: interest |
22,044 |
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13,259 |
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| Present value of lease liabilities |
$ |
51,509 |
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$ |
15,127 |
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