Note 17 - Leases

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

17. 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 7 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:

	Year Ended December 31, 2022		Year Ended December 31, 2021
Operating lease cost		19,346		25,009
Finance lease cost
Amortization of right-of-use assets		423		707
Interest on lease liabilities		17		52
Total finance lease cost		440		759

Supplemental cash flow information related to leases was as follows:

	Year Ended December 31, 2022		Year Ended December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		21,182		25,314
Operating cash flow from finance leases		17		52
Financing cash flows from finance leases		423		523
Right-of-use assets obtained in exchange for lease obligations
Operating leases		4,770		15,382

Supplemental balance sheet information related to leases was as follows;

	As of December 31, 2022			As of December 31, 2021
Operating leases
Operating lease right-of-use assets		36,450			55,354
Operating lease liabilities - current		14,492			19,566
Operating lease liabilities - non-current		26,651			42,004
Total operating lease liabilities		41,143			61,570
Finance Leases
Property and equipment, at cost		1,509			4,074
Accumulated depreciation		(1,471	)		(3,613	)
Property and equipment, at net		38			461
Finance lease liabilities - current		-			423
Finance lease liabilities - non-current		-			-
Total finance lease liabilities		-			423

Weighted average remaining lease term	As of December 31, 2022			As of December 31, 2021
Operating leases	2.60 years			3.18 years
Finance leases	0.00 years			0.00 years
Weighted average discount rate
Operating leases		6.0	%		6.1	%
Finance leases		0.0	%		0.0	%

The following table reconciles the undiscounted cash flows for the Company’s finance and operating leases as of December 31, 2022 to the finance and operating lease liabilities recorded on the Company’s balance sheet:

Year ended December 31,	Operating Leases		Finance Leases
2023	18,144		-
2024	14,090		-
2025	8,098		-
2026	3,301		-
2027	1,485		-
Thereafter	2,699		-
Total lease payments	47,817		-
Less: Imputed interest	(6,674	)	-
Total lease liabilities	41,143		-