Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Components of Lease Expense

The following table presents components of lease expense for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
(in thousands)	2024		2023
Operating lease expense	$	3,320	$	3,474
Short-term lease expense(a)	12,323		13,919
	15,643		17,393
Less: Sublease income	199		194
Total lease expense	$	15,444	$	17,199

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(a)Short-term lease expense includes all leases with lease terms of up to one year. Short-term leases include, among other things, construction equipment rented on an as-needed basis as well as temporary housing.

Schedule of Supplemental Financial Statement Information Related to Leases

The following table presents supplemental balance sheet information related to operating leases:

(dollars in thousands)	Balance Sheet Line Item	As of March 31, 2024			As of December 31, 2023
Assets
Right-of-use assets	Other assets	$	51,254		$	48,878
Total lease assets		$	51,254		$	48,878
Liabilities
Current lease liabilities	Accrued expenses and other current liabilities	$	6,605		$	6,275
Long-term lease liabilities	Other long-term liabilities	49,981			47,781
Total lease liabilities		$	56,586		$	54,056
Weighted-average remaining lease term		9.9 years			10.3 years
Weighted-average discount rate		12.01		%	12.13		%

The following table presents supplemental cash flow information and non-cash activity related to operating leases:

	Three Months Ended March 31,
(in thousands)	2024		2023
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	(3,168)	$	(3,446)
Non-cash activity:
Right-of-use assets obtained in exchange for lease liabilities	$	4,154	$	318

Schedule of Maturity of Operating Lease Liabilities on an Undiscounted Basis

The following table presents maturities of operating lease liabilities on an undiscounted basis as of March 31, 2024:

Year (in thousands)	Operating Leases
2024 (excluding the three months ended March 31, 2024)	$	9,428
2025	11,580
2026	9,704
2027	8,281
2028	8,183
Thereafter	52,269
Total lease payments	99,445
Less: Imputed interest	42,859
Total	$	56,586