Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Assets and Liabilities Leases

Operating and financing lease right-of-use assets and lease liabilities as of December 31, 2023 and 2022 were as follows (in thousands):

	Years Ended December 31,
	2023		2022
Operating Leases:
Operating lease right-of-use assets, net 1, 2	$	139,732	$	126,955
Current operating lease liabilities	(20,245)		(16,227)
Non-current operating lease liabilities	(141,939)		(132,363)
Total operating lease liabilities	$	(162,184)	$	(148,590)
Finance Leases:
Finance lease right-of-use assets, net 2, 3, 4	$	2,708	$	2,824
Current finance lease liabilities 5	(1,072)		(1,024)
Non-current finance lease liabilities 6	(1,837)		(1,971)
Total finance lease liabilities	(2,909)		(2,995)
Total lease liabilities	$	(165,093)	$	(151,585)

1 These assets primarily include leases for facilities, the Energy Servers, and vehicles.

2 Net of accumulated amortization.

3 These assets primarily include leases for vehicles.

4 Included in property, plant and equipment, net in the consolidated balance sheets.

5 Included in accrued expenses and other current liabilities in the consolidated balance sheets.

6 Included in other long-term liabilities in the consolidated balance sheets.

Schedule of Lease, Cost

The components of our lease costs for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):

	Years Ended December 31,
	2023		2022		2021
Operating lease costs	$	33,190	$	25,503	$	15,850
Financing lease costs:
Amortization of right-of-use assets	891		968		1,345
Interest on lease liabilities	273		220		349
Total financing lease costs	1,164		1,188		1,694
Short-term lease costs	517		974		407
Total lease costs	$	34,871	$	27,665	$	17,951

Weighted average remaining lease terms and discount rates for our leases as of December 31, 2023 and 2022 were as follows:

	December 31,
	2023		2022
Weighted average remaining lease term:
Operating leases	7.4 years		8.6 years
Finance leases	3.2 years		3.3 years
Weighted average discount rate:
Operating leases	10.6	%	10.3	%
Finance leases	9.5	%	6.9	%

Schedule of Finance Lease, Liability, Fiscal Year Maturity

Future lease payments under lease agreements as of December 31, 2023 were as follows (in thousands):

	Operating Leases		Finance Leases
2024	$	35,666	$	1,302
2025	33,177		864
2026	33,157		630
2027	31,994		462
2028	25,690		133
Thereafter	79,707		—
Total minimum lease payments	239,391		3,391
Less: amounts representing interest or imputed interest	(77,207)		(482)
Present value of lease liabilities	$	162,184	$	2,909

At December 31, 2023, future lease payments under the Managed Services Agreements financing obligations were as follows (in thousands):

	Financing Obligations
2024	$	43,799
2025	42,868
2026	38,298
2027	21,972
2028	12,068
Thereafter	26,340
Total minimum lease payments	185,345
Less: imputed interest	(97,017)
Present value of net minimum lease payments	88,328
Less: current financing obligations	(38,971)
Long-term financing obligations	$	49,357

Schedule of Lessee, Operating Lease, Liability, Maturity

Future lease payments under lease agreements as of December 31, 2023 were as follows (in thousands):

	Operating Leases		Finance Leases
2024	$	35,666	$	1,302
2025	33,177		864
2026	33,157		630
2027	31,994		462
2028	25,690		133
Thereafter	79,707		—
Total minimum lease payments	239,391		3,391
Less: amounts representing interest or imputed interest	(77,207)		(482)
Present value of lease liabilities	$	162,184	$	2,909

At December 31, 2023, future lease payments under the Managed Services Agreements financing obligations were as follows (in thousands):

	Financing Obligations
2024	$	43,799
2025	42,868
2026	38,298
2027	21,972
2028	12,068
Thereafter	26,340
Total minimum lease payments	185,345
Less: imputed interest	(97,017)
Present value of net minimum lease payments	88,328
Less: current financing obligations	(38,971)
Long-term financing obligations	$	49,357