Note 13 - Leases

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

We have operating and finance leases for service centers, corporate offices, and certain equipment. Our leases have remaining lease terms of 1 year to 10 years, some of which include options to extend the leases for up to 3-5 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense were as follows:

	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021		Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Operating lease cost	$	5,722	$	6,479	$	11,585	$	13,288
Finance lease cost
Amortization of right-of-use assets		118		153		261		339
Interest on lease liabilities		5		15		65		32
Total finance lease cost	$	123	$	168	$	326	$	371

Supplemental cash flow information related to leases was as follows:

	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		12,647		13,246
Operating cash flow from finance leases		65		32
Financing cash flows from finance leases		260		371
Right-of-use assets obtained in exchange for lease obligations
Operating leases		2,498		2,105
Finance leases		-		-

Supplemental balance sheet information related to leases was as follows:

	As of June 30, 2022			As of December 31, 2021
Operating leases
Operating lease right-of-use assets	$	51,157		$	63,012
Operating lease liabilities - Current		22,710			24,393
Operating lease liabilities - Non-current		32,642			44,263
Total operating lease liabilities	$	55,352		$	68,656
Finance Leases
Property and equipment, at cost		4,118			4,128
Accumulated depreciation		(3,870	)		(3,641	)
Property and equipment, at net	$	248		$	487
Finance lease liabilities - Current		174			434
Finance lease liabilities - Non-current		-			-
Total finance lease liabilities	$	174		$	434

Weighted average remaining lease term	As of June 30, 2022			As of December 31, 2021
Operating leases (in years)	3.26 years			3.58 years
Finance leases (in years)	0.00 years			0.00 years
Weighted average discount rate
Operating leases		7.0	%		6.8	%
Finance leases		0.0	%		0.0	%

The following table reconciles the undiscounted cash flows for the Company’s finance and operating leases as of June 30, 2022, to the finance and operating lease liabilities recorded on the Company’s balance sheet:

	Operating Leases			Finance Leases
Year ending December 31,
Remainder of 2022		11,726			174
2023		20,100			-
2024		15,638			-
2025		9,291			-
2026		2,717			-
Thereafter		2,101			-
Total lease payments		61,573			174
Less: Imputed interest		(6,221	)		-
Total present value to lease liabilities	$	55,352		$	174