Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

18.Leases

The Company has operating and finance leases for office space, equipment and vehicles. Leases recorded on the balance sheet consists of the following:

	December 31,		December 31,
Leases	2023		2022
Assets
Operating lease right-of-use assets, net (1)	$	25,696	$	14,978
Financing lease right-of-use assets, net (2)		23,602		15,839
Total assets	$	49,298	$	30,817
Liabilities
Current
Operating	$	9,254	$	4,738
Financing		8,665		4,031
Total current		17,919		8,769
Noncurrent
Operating		16,632		11,018
Financing		13,746		11,102
Total noncurrent		30,378		22,120
Total liabilities	$	48,297	$	30,889

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of  $15.6 million and $10.5 million as of December 31, 2023 and 2022, respectively.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $10.2 million and $5.1 million as of December 31, 2023 and 2022, respectively.

Other information related to lease term and discount rate is as follows:

	December 31,		December 31,
	2023		2022
Weighted Average Remaining Lease Term (in years)
Operating leases	5.90		3.90
Financing leases	2.83		4.36
Weighted Average Discount Rate
Operating leases	9.32	%	4.86	%
Financing leases	7.53	%	5.62	%

The components of lease expense are as follows:

	Year Ended December 31,
	2023		2022		2021
Operating lease costs:
Operating lease cost	$	8,311	$	5,012	$	5,814
Short-term lease cost (1)		2,044		1,754		1,607
Financing lease costs:
Interest on lease liabilities		1,189		767		491
Amortization of right-of-use assets		5,034		3,142		2,822
Total lease cost	$	16,578	$	10,675	$	10,734

(1) Includes expenses related to leases with a lease term of more than one month but less than one year.

Supplemental cash flow information related to leases is as follows:

	Year Ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	8,404	$	4,966	$	5,666
Operating cash flows for finance leases	$	1,189	$	767	$	491
Financing cash flows for finance leases	$	4,791	$	2,992	$	3,035
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	18,081	$	6,740	$	1,567
ROU assets obtained in exchange for new financing lease liabilities	$	13,997	$	9,368	$	7,318

Maturities of lease liabilities are summarized as follows:

	Operating Leases		Finance Leases
Year ending December 31,
2024	$	10,942	$	9,983
2025		8,203		8,747
2026		2,936		2,874
2027		2,420		1,529
2028		1,390		752
Thereafter		11,737		831
Total future minimum lease payments		37,628		24,716
Less - amount representing interest		11,742		2,305
Present value of future minimum lease payments		25,886		22,411
Less - current lease obligations		9,254		8,665
Long-term lease obligations	$	16,632	$	13,746