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Leases
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases Leases
The following table provides the components of lease expense for the periods indicated (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Finance lease cost:
Amortization of ROU assets$1,794 $1,933 $3,668 $3,707 
Interest on lease liabilities315 308 657 546 
Operating lease cost871 914 1,727 1,793 
Short-term lease cost3,489 3,440 6,964 7,138 
Variable lease cost36 57 11 
Total lease expense$6,505 $6,601 $13,073 $13,195 

The following table provides supplemental cash flow and other information related to leases for the periods indicated (in thousands):
Six Months Ended
June 30,
20242023
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)
$1,600 $1,576 
Operating cash flows from finance leases (1)
673 515 
Financing cash flows from finance leases3,249 3,247 
ROU assets obtained in exchange for new lease liabilities:
Finance leases— 13,917 
Operating leases364 501 
______________
(1)Amounts are included in Other operating activities on the unaudited condensed consolidated statements of cash flows.

The following table provides the lease terms and discount rates for the periods indicated:

Six Months Ended
June 30,
20242023
Weighted-average remaining lease term (years):
Finance leases3.153.67
Operating leases2.743.17
Weighted-average discount rate:
Finance leases5.6%5.0%
Operating leases4.5%4.1%
The following table provides supplemental balance sheet information related to leases at the dates indicated (in thousands):

June 30,December 31,
20242023
Assets
Finance lease ROU assets (1)
$21,151 $24,681 
Operating lease ROU assets4,702 5,832 
Liabilities
Current
Finance lease liabilities6,075 6,206 
Operating lease liabilities2,096 2,829 
Noncurrent
Finance lease liabilities16,567 19,685 
Operating lease liabilities2,617 3,006 
______________
(1)Amounts are included in Property and equipment, net on the unaudited condensed consolidated balance sheets.

The following table provides maturities of undiscounted lease liabilities at June 30, 2024 (in thousands):

Finance Operating
LeaseLease
Remainder of 2024$3,684 $1,522 
20257,213 1,414 
20265,588 1,156 
20276,000 642 
20282,785 219 
Thereafter— 19 
Total lease payments25,270 4,972 
Less: Interest(2,628)(259)
Present value of lease liabilities22,642 4,713 
Less: Current portion of lease obligation(6,075)(2,096)
Total long-term lease obligation$16,567 $2,617 
The following table provides maturities of undiscounted lease liabilities at December 31, 2023 (in thousands):
Finance Operating
LeaseLease
2024$7,463 $3,009 
20257,284 1,273 
20265,615 1,047 
20276,047 602 
20282,789 219 
Thereafter— 18 
Total lease payments29,198 6,168 
Less: Interest(3,307)(333)
Present value of lease liabilities25,891 5,835 
Less: Current portion of lease obligation(6,206)(2,829)
Total long-term lease obligation$19,685 $3,006 
Leases Leases
The following table provides the components of lease expense for the periods indicated (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Finance lease cost:
Amortization of ROU assets$1,794 $1,933 $3,668 $3,707 
Interest on lease liabilities315 308 657 546 
Operating lease cost871 914 1,727 1,793 
Short-term lease cost3,489 3,440 6,964 7,138 
Variable lease cost36 57 11 
Total lease expense$6,505 $6,601 $13,073 $13,195 

The following table provides supplemental cash flow and other information related to leases for the periods indicated (in thousands):
Six Months Ended
June 30,
20242023
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)
$1,600 $1,576 
Operating cash flows from finance leases (1)
673 515 
Financing cash flows from finance leases3,249 3,247 
ROU assets obtained in exchange for new lease liabilities:
Finance leases— 13,917 
Operating leases364 501 
______________
(1)Amounts are included in Other operating activities on the unaudited condensed consolidated statements of cash flows.

The following table provides the lease terms and discount rates for the periods indicated:

Six Months Ended
June 30,
20242023
Weighted-average remaining lease term (years):
Finance leases3.153.67
Operating leases2.743.17
Weighted-average discount rate:
Finance leases5.6%5.0%
Operating leases4.5%4.1%
The following table provides supplemental balance sheet information related to leases at the dates indicated (in thousands):

June 30,December 31,
20242023
Assets
Finance lease ROU assets (1)
$21,151 $24,681 
Operating lease ROU assets4,702 5,832 
Liabilities
Current
Finance lease liabilities6,075 6,206 
Operating lease liabilities2,096 2,829 
Noncurrent
Finance lease liabilities16,567 19,685 
Operating lease liabilities2,617 3,006 
______________
(1)Amounts are included in Property and equipment, net on the unaudited condensed consolidated balance sheets.

The following table provides maturities of undiscounted lease liabilities at June 30, 2024 (in thousands):

Finance Operating
LeaseLease
Remainder of 2024$3,684 $1,522 
20257,213 1,414 
20265,588 1,156 
20276,000 642 
20282,785 219 
Thereafter— 19 
Total lease payments25,270 4,972 
Less: Interest(2,628)(259)
Present value of lease liabilities22,642 4,713 
Less: Current portion of lease obligation(6,075)(2,096)
Total long-term lease obligation$16,567 $2,617 
The following table provides maturities of undiscounted lease liabilities at December 31, 2023 (in thousands):
Finance Operating
LeaseLease
2024$7,463 $3,009 
20257,284 1,273 
20265,615 1,047 
20276,047 602 
20282,789 219 
Thereafter— 18 
Total lease payments29,198 6,168 
Less: Interest(3,307)(333)
Present value of lease liabilities25,891 5,835 
Less: Current portion of lease obligation(6,206)(2,829)
Total long-term lease obligation$19,685 $3,006