Note 14 - Leases

3 Months Ended

Mar. 31, 2023

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 9 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 March 31, 2023		Three Months Ended March 31, 2022
Operating lease cost		4,380		5,289
Finance lease cost
Amortization of right-of-use assets		38		140
Interest on lease liabilities		-		60
Total finance lease cost		38		200

Supplemental cash flow information related to leases was as follows:

	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		4,987		5,867
Operating cash flow from finance leases		-		60
Financing cash flows from finance leases		-		123
Right-of-use assets obtained in exchange for lease obligations
Operating leases		5,986		1,491
Finance leases		-		-

Supplemental balance sheet information related to leases was as follows:

	As of March 31, 2023			As of December 31, 2022
Operating leases
Operating lease right-of-use assets		38,842			36,450
Operating lease liabilities - Current		15,403			14,492
Operating lease liabilities - Non-current		27,895			26,651
Total operating lease liabilities		43,298			41,143
Finance Leases
Property and equipment, at cost		1,509			1,509
Accumulated depreciation		(1,509	)		(1,471	)
Property and equipment, at net		-			38

Weighted average remaining lease term	As of March 31, 2023		As of December 31, 2022
Operating leases (in years)	2.75 years		2.60 years
Finance leases (in years)	0.00 years		0.00 years
Weighted average discount rate
Operating leases	6.2	%	6.0	%
Finance leases	0.0	%	0.0	%

The following table reconciles the undiscounted cash flows for the Company’s finance and operating leases as of March 31, 2023, to the finance and operating lease liabilities recorded on the Company’s balance sheet:

	Operating Leases
Year ending December 31,
Remainder of 2023		13,725
2024		15,642
2025		9,588
2026		4,887
2027		3,136
Thereafter		2,728
Total lease payments		49,706
Less: Imputed interest		(6,408	)
Total present value to lease liabilities		43,298