XML 44 R34.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Summary of Leased Assets and Liabilities
The Company’s leased assets and liabilities are as follows:
thousandsMarch 31, 2024December 31, 2023
Operating lease right-of-use assets$45,649 $44,897 
Operating lease obligations53,065 51,584 
Summary of Components of Lease Expense and Other Information
The components of lease cost are as follows:
Three Months Ended March 31,
thousands20242023
Operating lease cost$1,729 $1,708 
Variable lease cost663 392 
Total lease cost$2,392 $2,100 
Other information related to the Company’s lessee agreements is as follows:
Supplemental Condensed Consolidated Statements of Cash Flows InformationThree Months Ended March 31,
thousands20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows on operating leases$1,482 $1,097 
Other InformationMarch 31, 2024March 31, 2023
Weighted-average remaining lease term (years)
Operating leases42.843.9
Weighted-average discount rate
Operating leases7.7 %7.8 %
Summary of Future Minimum Lease Payments
Future minimum lease payments as of March 31, 2024, are as follows:
thousandsOperating Leases
Remainder of 2024
$3,575 
20255,117 
20264,093 
20273,360 
20283,424 
Thereafter240,646 
Total lease payments260,215 
Less: imputed interest(207,150)
Present value of lease liabilities$53,065 
Summary of Minimum Rentals Minimum rent revenues related to operating leases are as follows:
Three Months Ended March 31,
thousands20242023
Total minimum rent payments$61,756 $57,797 
Total future minimum rents associated with operating leases are as follows as of March 31, 2024:
thousandsTotal Minimum Rent
Remainder of 2024
$191,134 
2025247,340 
2026233,614 
2027222,423 
2028200,565 
Thereafter848,934 
Total$1,944,010