| Lessee, Operating Leases [Text Block] |
13. LEASES
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 |
|
|