Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Finance Lease Liabilities

Finance lease liabilities as of March 31, 2024 and December 31, 2023 consisted of the following (in thousands):

	March 31, 2024			December 31, 2023
Finance lease liabilities	$	206,885		$	211,887
Less current portion of finance lease liabilities		(22,411	)		(22,080	)
Finance lease liabilities, long-term	$	184,474		$	189,807

Schedule of Maturities of Operating and Finance Lease Liabilities

A maturity analysis of the Company’s operating and finance lease liabilities (excluding short-term leases) at March 31, 2024 is as follows (in thousands):

Year	Operating			Finance
Remainder of 2024	$	1,562		$	24,936
2025		1,806			33,235
2026		1,434			33,235
2027		1,025			33,235
2028		886			27,584
Thereafter		448			113,152
Total lease payments	$	7,161		$	265,377
Less: imputed interest		(845	)		(58,492	)
Carrying value of lease liabilities		6,316			206,885
Less: current portion		(1,714	)		(22,411	)
Carrying value of long-term lease liabilities	$	4,602		$	184,474

Schedule of Total Lease Cost

The Company’s total lease costs for the three months ended March 31, 2024 and 2023 recognized in the consolidated statements of income consisted of the following (in thousands):

	For the three months ended March 31,
	2024		2023
Amortization of finance lease right-of-use assets	$	652	$	1,017
Interest on finance lease liabilities		3,282		4,085
Operating lease expense		449		8,454
Short-term lease expense		253		174
Total lease costs	$	4,636	$	13,730

Schedule of Other Information Related to Leases

Other information related to leases for the three months ended March 31, 2024 and 2023 are as follows (in thousands):

	For the three months ended March 31,
	2024		2023
Operating cash flows for finance leases	$	3,282	$	4,085
Financing cash flows for finance leases		5,001		5,297
Operating cash flows for operating leases		520		8,314