XML 83 R54.htm IDEA: XBRL DOCUMENT v3.22.4
Leases and Other (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Balance Sheet Presentation of Operating and Finance Leases

The balance sheet presentation of our operating and finance leases is as follows:

 

 

 

 

December 31,

 

(in thousands)

 

Classification on the Consolidated Balance Sheet

 

2022

 

 

2021

 

Assets:

 

 

 

 

 

 

 

 

Operating lease assets

 

Operating lease ROU assets

 

$

102,777

 

 

$

95,915

 

Finance lease assets

 

Property and equipment, net

 

 

57,534

 

 

 

61,022

 

Total lease assets

 

 

 

$

160,311

 

 

$

156,937

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

Operating lease obligations

 

Operating lease obligations

 

$

13,463

 

 

$

12,451

 

Finance lease obligations

 

Current portion of debt and finance obligations

 

 

2,978

 

 

 

2,928

 

Noncurrent:

 

 

 

 

 

 

 

 

Operating lease obligations

 

Long-term operating lease obligations

 

 

101,297

 

 

 

93,406

 

Finance lease obligations

 

Long-term debt and finance obligations

 

 

61,751

 

 

 

60,473

 

Total lease liabilities

 

 

 

$

179,489

 

 

$

169,258

 

Components of Lease Expense

The components of lease expense consisted of the following:

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

Finance lease cost:

 

 

 

 

 

 

Amortization of ROU assets

 

$

4,264

 

 

$

4,280

 

Interest on lease liabilities

 

 

5,817

 

 

 

5,580

 

Operating lease cost

 

 

24,850

 

 

 

23,129

 

Short-term lease cost

 

 

2,545

 

 

 

1,444

 

Variable lease cost

 

 

5,566

 

 

 

4,372

 

Total lease cost, net

 

$

43,042

 

 

$

38,805

 

Schedule of Other Information Related to Operating and Finance Leases

Other information related to operating and finance leases are as follows:

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

23,024

 

 

$

23,320

 

Operating cash flows from finance leases

 

$

6,089

 

 

$

3,926

 

Financing cash flows from finance leases

 

$

3,845

 

 

$

3,223

 

ROU assets obtained in exchange for lease obligations:

 

 

 

 

 

 

Operating leases

 

$

24,050

 

 

$

38,838

 

Finance leases

 

$

5,139

 

 

$

43,241

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Weighted-average remaining lease term (years):

 

 

 

 

 

 

Operating leases

 

 

8.51

 

 

 

8.54

 

Finance leases

 

 

34.07

 

 

 

34.95

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

7.25

%

 

 

6.86

%

Finance leases

 

 

9.12

%

 

 

9.06

%

 

Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components

As of December 31, 2022, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, are as follows:

(in thousands)

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

2023

 

$

23,267

 

 

$

8,743

 

 

$

32,010

 

2024

 

 

21,560

 

 

 

7,692

 

 

 

29,252

 

2025

 

 

20,055

 

 

 

6,869

 

 

 

26,924

 

2026

 

 

19,126

 

 

 

6,367

 

 

 

25,493

 

2027

 

 

15,886

 

 

 

6,205

 

 

 

22,091

 

Thereafter

 

 

60,268

 

 

 

180,055

 

 

 

240,323

 

Total future lease payments

 

 

160,162

 

 

 

215,931

 

 

 

376,093

 

Less: Amount representing interest

 

 

(45,402

)

 

 

(151,202

)

 

 

(196,604

)

Present value of minimum lease payments

 

 

114,760

 

 

 

64,729

 

 

 

179,489

 

Current portion

 

 

13,463

 

 

 

2,978

 

 

 

16,441

 

Long-term portion

 

$

101,297

 

 

$

61,751

 

 

$

163,048

 

Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases

As of December 31, 2022, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that we own, are as follows:

(in thousands)

 

 

 

2023

 

$

1,815

 

2024

 

 

1,569

 

2025

 

 

1,354

 

2026

 

 

1,111

 

2027

 

 

455

 

Thereafter

 

 

579

 

Total minimum rents

 

$

6,883