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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Cost
The following table provides the components of lease expense for the periods indicated (in thousands):

Year Ended December 31,
202220212020
Finance lease cost:
Amortization of ROU assets$5,200 $4,744 $2,547 
Interest on lease liabilities364 413 300 
Operating lease cost3,019 2,560 2,718 
Short-term lease cost14,573 13,880 11,020 
Variable lease cost20 7 — 
Total lease expense$23,176 $21,604 $16,585 

The following table provides supplemental cash flow and other information related to leases for the periods indicated (in thousands):

Year Ended December 31,
202220212020
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)
$2,929 $2,560 $2,717 
Operating cash flows from finance leases (1)
356 326 291 
Financing cash flows from finance leases4,741 4,367 2,336 
ROU assets obtained in exchange for new lease liabilities:
Finance leases (2)
7,873 2,083 11,412 
Operating leases (3)
3,269 1,385 819 
______________
(1)Amounts are included in Other operating activities on the consolidated cash flow statements.
(2)2020 amount consists of finance lease agreements for 58 tractors with five year terms, 40 trailers with a six year term that we entered into in connection with the CTL acquisition (see Note 6 for further information) and other office equipment.
(3)2022 amount includes four operating lease agreements for office and terminal locations with Scott Bosard, one of the Sellers of Firebird and Phoenix, for periods ranging from two to five years (see Note 6 and Note 10 for further information).
The following table provides lease terms and discount rates for the periods indicated:

Year Ended December 31,
202220212020
Weighted-average remaining lease term (years):
Finance leases3.543.604.16
Operating leases3.523.854.57
Weighted-average discount rate:
Finance leases3.5 %2.6 %3.0 %
Operating leases4.0 %3.8 %4.3 %
Schedule of Lease Assets and Liabilities
The following table provides supplemental balance sheet information related to leases at the dates indicated (in thousands):

December 31,
20222021
Assets
Finance lease ROU assets (1)
$15,264 $12,590 
Operating lease ROU assets7,720 7,113 
Liabilities
Current
Finance lease liabilities4,382 3,663 
Operating lease liabilities2,712 2,178 
Noncurrent
Finance lease liabilities12,085 9,672 
Operating lease liabilities5,007 4,938 
______________
(1)Amounts are included in Property and equipment, net on the consolidated balance sheets.
Schedule of Lessee, Operating Lease, Liability, Maturity
The following table provides maturities of undiscounted lease liabilities at December 31, 2022 (in thousands):
Finance Operating
LeaseLease
2023$4,870 $2,958 
20243,629 2,617 
20254,652 962 
20262,482 879 
20272,179 570 
Thereafter— 237 
Total lease payments17,812 8,223 
Less: Interest(1,345)(504)
Present value of lease liabilities16,467 7,719 
Less: Current portion of lease obligation(4,382)(2,712)
Total long-term lease obligation$12,085 $5,007 
The following table provides maturities of undiscounted lease liabilities at December 31, 2021 (in thousands):
Finance Operating
LeaseLease
2022$3,941 $2,399 
20233,143 2,080 
20242,348 1,911 
20253,771 394 
2026801 333 
Thereafter— 455 
Total lease payments14,004 7,572 
Less: Interest(669)(456)
Present value of lease liabilities13,335 7,116 
Less: Current portion of lease obligation(3,663)(2,178)
Total long-term lease obligation$9,672 $4,938 
Schedule of Finance Lease, Liability, Maturity
The following table provides maturities of undiscounted lease liabilities at December 31, 2022 (in thousands):
Finance Operating
LeaseLease
2023$4,870 $2,958 
20243,629 2,617 
20254,652 962 
20262,482 879 
20272,179 570 
Thereafter— 237 
Total lease payments17,812 8,223 
Less: Interest(1,345)(504)
Present value of lease liabilities16,467 7,719 
Less: Current portion of lease obligation(4,382)(2,712)
Total long-term lease obligation$12,085 $5,007 
The following table provides maturities of undiscounted lease liabilities at December 31, 2021 (in thousands):
Finance Operating
LeaseLease
2022$3,941 $2,399 
20233,143 2,080 
20242,348 1,911 
20253,771 394 
2026801 333 
Thereafter— 455 
Total lease payments14,004 7,572 
Less: Interest(669)(456)
Present value of lease liabilities13,335 7,116 
Less: Current portion of lease obligation(3,663)(2,178)
Total long-term lease obligation$9,672 $4,938