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Lease Obligations
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Lease Obligations
9.LEASE OBLIGATIONS
    The Company has operating and finance leases primarily for construction and transportation equipment, as well as for office space. The Company’s leases have remaining lease terms of one month to nine years, some of which include options to extend the leases for up to ten years.
    The components of lease expense are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Operating lease cost$5,577 $5,211 $16,041 $12,120 
Short-term lease cost$4,512 $4,455 $12,637 $10,764 
Finance lease cost:
Amortization of right-of-use assets$56 $35 $129 $112 
Interest on lease liabilities13 10 
Total finance lease cost$65 $38 $142 $122 
    Supplemental cash flow information related to leases is as follows:
Nine Months Ended September 30,
Cash paid for amounts included in the measurement of lease liabilities:20232022
Operating cash flows from operating leases$15,300 $12,079 
Operating cash flows from finance leases$13 $10 
Financing cash flows from finance leases$129 $112 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$13,102 $53,385 
Finance leases$664 $— 
    Supplemental balance sheet information related to leases is as follows:
Operating LeasesSeptember 30,
2023
December 31,
2022
Operating lease right-of-use assets$58,492 $59,415 
Current portion of long-term lease obligations$18,403 $19,715 
Long-term lease obligations40,204 40,103 
Total operating lease liabilities$58,607 $59,818 
Finance Leases
Property and equipment, at cost$2,011 $1,479 
Accumulated depreciation(1,179)(1,056)
Property and equipment, net$832 $423 
Current maturities of long-term debt$230 $148 
Long-term debt529 76 
Total finance lease liabilities$759 $224 
Weighted Average Remaining Lease Term
Operating leases3.94.5
Finance leases4.21.5
Weighted Average Discount Rate
Operating leases5.7 %5.6 %
Finance leases6.5 %4.3 %
    Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
Leases
Finance
Leases
2023 (excluding the nine months ended September 30, 2023)$5,418 $78 
202420,747 235 
202518,148 157 
202611,794 157 
20272,892 157 
20284,567 92 
Thereafter1,824 — 
Total lease payments$65,390 $876 
Less imputed interest(6,783)(117)
Total$58,607 $759 
Lease Obligations
9.LEASE OBLIGATIONS
    The Company has operating and finance leases primarily for construction and transportation equipment, as well as for office space. The Company’s leases have remaining lease terms of one month to nine years, some of which include options to extend the leases for up to ten years.
    The components of lease expense are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Operating lease cost$5,577 $5,211 $16,041 $12,120 
Short-term lease cost$4,512 $4,455 $12,637 $10,764 
Finance lease cost:
Amortization of right-of-use assets$56 $35 $129 $112 
Interest on lease liabilities13 10 
Total finance lease cost$65 $38 $142 $122 
    Supplemental cash flow information related to leases is as follows:
Nine Months Ended September 30,
Cash paid for amounts included in the measurement of lease liabilities:20232022
Operating cash flows from operating leases$15,300 $12,079 
Operating cash flows from finance leases$13 $10 
Financing cash flows from finance leases$129 $112 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$13,102 $53,385 
Finance leases$664 $— 
    Supplemental balance sheet information related to leases is as follows:
Operating LeasesSeptember 30,
2023
December 31,
2022
Operating lease right-of-use assets$58,492 $59,415 
Current portion of long-term lease obligations$18,403 $19,715 
Long-term lease obligations40,204 40,103 
Total operating lease liabilities$58,607 $59,818 
Finance Leases
Property and equipment, at cost$2,011 $1,479 
Accumulated depreciation(1,179)(1,056)
Property and equipment, net$832 $423 
Current maturities of long-term debt$230 $148 
Long-term debt529 76 
Total finance lease liabilities$759 $224 
Weighted Average Remaining Lease Term
Operating leases3.94.5
Finance leases4.21.5
Weighted Average Discount Rate
Operating leases5.7 %5.6 %
Finance leases6.5 %4.3 %
    Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
Leases
Finance
Leases
2023 (excluding the nine months ended September 30, 2023)$5,418 $78 
202420,747 235 
202518,148 157 
202611,794 157 
20272,892 157 
20284,567 92 
Thereafter1,824 — 
Total lease payments$65,390 $876 
Less imputed interest(6,783)(117)
Total$58,607 $759