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Lease Obligations
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lease Obligations
9.LEASE OBLIGATIONS
    The Company has operating and finance leases primarily for construction and transportation equipment, as well as 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 March 31,
20242023
Operating lease cost$5,691 $4,954 
Short-term lease cost$4,184 $4,375 
Finance lease cost:
Amortization of right-of-use assets$67 $37 
Interest on lease liabilities11 
Total finance lease cost$78 $39 
    Supplemental cash flow information related to leases is as follows:
Three Months Ended March 31,
Cash paid for amounts included in the measurement of lease liabilities:20242023
Operating cash flows from operating leases$5,335 $4,788 
Operating cash flows from finance leases$11 $
Financing cash flows from finance leases$67 $37 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$2,339 $6,956 
Finance leases$— $— 
    Supplemental balance sheet information related to leases is as follows:
Operating LeasesMarch 31, 2024December 31, 2023
Operating lease right-of-use assets$55,169 $57,235 
Current portion of long-term lease obligations$19,143 $19,641 
Long-term lease obligations36,180 37,722 
Total operating lease liabilities$55,323 $57,363 
Finance Leases
Property and equipment, at cost$2,011 $2,011 
Accumulated depreciation(1,286)(1,232)
Property and equipment, net$725 $779 
Current maturities of long-term debt$159 $195 
Long-term debt468 498 
Total finance lease liabilities$627 $693 
Weighted Average Remaining Lease Term
Operating leases3.73.7
Finance leases4.14.4
Weighted Average Discount Rate
Operating leases5.8 %5.8 %
Finance leases6.8 %6.6 %
    Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
Leases
Finance
Leases
2024 (excluding the three months ended March 31, 2024)$16,773 $157 
202519,813 157 
202613,403 158 
20273,638 158 
20281,742 92 
20291,775 — 
Thereafter4,599 — 
Total lease payments$61,743 $722 
Less imputed interest(6,420)(95)
Total$55,323 $627 
Lease Obligations
9.LEASE OBLIGATIONS
    The Company has operating and finance leases primarily for construction and transportation equipment, as well as 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 March 31,
20242023
Operating lease cost$5,691 $4,954 
Short-term lease cost$4,184 $4,375 
Finance lease cost:
Amortization of right-of-use assets$67 $37 
Interest on lease liabilities11 
Total finance lease cost$78 $39 
    Supplemental cash flow information related to leases is as follows:
Three Months Ended March 31,
Cash paid for amounts included in the measurement of lease liabilities:20242023
Operating cash flows from operating leases$5,335 $4,788 
Operating cash flows from finance leases$11 $
Financing cash flows from finance leases$67 $37 
Right-of-use assets obtained in exchange for lease obligations (non-cash):
Operating leases$2,339 $6,956 
Finance leases$— $— 
    Supplemental balance sheet information related to leases is as follows:
Operating LeasesMarch 31, 2024December 31, 2023
Operating lease right-of-use assets$55,169 $57,235 
Current portion of long-term lease obligations$19,143 $19,641 
Long-term lease obligations36,180 37,722 
Total operating lease liabilities$55,323 $57,363 
Finance Leases
Property and equipment, at cost$2,011 $2,011 
Accumulated depreciation(1,286)(1,232)
Property and equipment, net$725 $779 
Current maturities of long-term debt$159 $195 
Long-term debt468 498 
Total finance lease liabilities$627 $693 
Weighted Average Remaining Lease Term
Operating leases3.73.7
Finance leases4.14.4
Weighted Average Discount Rate
Operating leases5.8 %5.8 %
Finance leases6.8 %6.6 %
    Maturities of lease liabilities are as follows:
Year Ending December 31,Operating
Leases
Finance
Leases
2024 (excluding the three months ended March 31, 2024)$16,773 $157 
202519,813 157 
202613,403 158 
20273,638 158 
20281,742 92 
20291,775 — 
Thereafter4,599 — 
Total lease payments$61,743 $722 
Less imputed interest(6,420)(95)
Total$55,323 $627