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Leases (Tables)

12 Months Ended

Dec. 31, 2023

The following table shows lease expense for the years ended December 31:


(In thousands)	2023		2022		Income Statement Location
Finance lease expense:
Amortization of leased assets	$	1,588	$	1,633	Depreciation and amortization
Interest on lease liabilities		556		752	Interest expense, net
Operating lease expense		465		541	Other operations and maintenance
Total lease expense	$	2,609	$	2,926

The following table shows the lease assets and liabilities on the consolidated balance sheets as of December 31:


(In thousands)	2023		2022		Balance Sheet Location
Lease assets:
Finance lease assets	$	15,439	$	14,756	Property, plant, and equipment, net
Operating lease assets		7,557		7,786	Other deferred assets and other
Total lease assets	$	22,996	$	22,542
Lease liabilities:
Finance lease liabilities - current	$	1,172	$	1,039	Other current liabilities
Finance lease liabilities - long-term		18,039		17,108	Finance lease liabilities
Operating lease liabilities - current		114		136	Other current liabilities
Operating lease liabilities - long-term		7,801		7,915	Other deferred liabilities and other
Total lease liabilities	$	27,126	$	26,198

The following table shows other lease information for the years ended December 31:


(In thousands)	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - Financing cash flows	$	1,322	$	1,304
Finance leases - Operating cash flows		822		752
Operating leases - Operating cash flows		372		442
Lease assets obtained in exchange for lease liabilities:
Finance leases		2,385		1,094
Operating leases		—		126

The following table shows the weighted average remaining lease terms and discounts as of December 31:


Weighted-average remaining lease terms (in years):	2023			2022
Finance leases		36			38
Operating leases		33			34
Weighted-average discount rates:
Finance leases		4.44	%		4.34	%
Operating leases	3.08		%	3.07		%

The following table shows maturities of lease liabilities as of December 31, 2023:

The following table shows maturities of lease liabilities as of December 31, 2023: