LEASES (Tables)
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9 Months Ended |
Sep. 30, 2025 |
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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, 2025 |
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December 31, 2024 |
| Operating Leases: |
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| Right-of-use (“ROU”) assets |
$ |
76,371 |
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$ |
80,149 |
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| Current portions of operating lease liabilities |
$ |
8,062 |
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$ |
10,536 |
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| Long-term portions of operating lease liabilities |
56,032 |
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|
59,479 |
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| Total operating lease liabilities |
$ |
64,094 |
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$ |
70,015 |
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| Weighted-average remaining lease term |
18 years |
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19 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 |
$ |
23,581 |
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$ |
25,158 |
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| Current portions of financing lease liabilities |
$ |
810 |
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$ |
637 |
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| Long-term financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
11,845 |
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|
12,267 |
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| Total financing lease liabilities |
$ |
12,655 |
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$ |
12,904 |
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| Weighted-average remaining lease term |
11 years |
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12 years |
| Weighted-average discount rate |
12.0 |
% |
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12.0 |
% |
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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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2025 |
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2024 |
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2025 |
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2024 |
| Operating Leases: |
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| Operating lease costs |
$ |
3,046 |
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$ |
3,358 |
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$ |
9,558 |
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$ |
9,590 |
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| Financing Leases: |
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| Amortization expense |
525 |
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526 |
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1,577 |
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1,578 |
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| Interest on lease liabilities |
448 |
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495 |
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1,225 |
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1,276 |
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| Total lease costs |
$ |
4,019 |
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$ |
4,379 |
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$ |
12,360 |
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$ |
12,444 |
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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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2025 |
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2024 |
| Cash paid for amounts included in the measurement of operating lease liabilities |
$ |
11,579 |
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$ |
13,530 |
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ROU assets obtained in exchange for new operating lease liabilities (1)
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$ |
2,973 |
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$ |
24,810 |
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(1) Includes non-monetary lease transactions of $0 and $10,378 in 2025 and 2024, respectively. See disclosure below for additional information. |
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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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| 2025 |
$ |
2,990 |
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$ |
919 |
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| 2026 |
11,304 |
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2,054 |
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| 2027 |
9,920 |
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1,922 |
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| 2028 |
8,067 |
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1,955 |
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| 2029 |
5,700 |
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|
1,892 |
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| Thereafter |
70,459 |
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|
14,044 |
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| Total lease payments |
108,440 |
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|
22,786 |
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| Less: interest |
44,346 |
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|
10,131 |
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| Present value of lease liabilities |
$ |
64,094 |
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$ |
12,655 |
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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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| 2025 |
$ |
2,990 |
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$ |
919 |
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| 2026 |
11,304 |
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2,054 |
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| 2027 |
9,920 |
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1,922 |
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| 2028 |
8,067 |
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1,955 |
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| 2029 |
5,700 |
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|
1,892 |
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| Thereafter |
70,459 |
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14,044 |
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| Total lease payments |
108,440 |
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22,786 |
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| Less: interest |
44,346 |
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|
10,131 |
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| Present value of lease liabilities |
$ |
64,094 |
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$ |
12,655 |
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