Leases and Other (Tables)

3 Months Ended

Mar. 31, 2024

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:

		March 31,		December 31,
(in thousands)	Classification on the Condensed Consolidated Balance Sheet	2024		2023
Assets:
Operating lease ROU assets	Operating lease ROU assets	$	107,546	$	109,774
Finance lease ROU assets	Property and equipment, net		55,677		57,120
Total lease ROU assets		$	163,223	$	166,894
Liabilities:
Current:
Operating lease obligations	Operating lease obligations	$	17,762	$	17,334
Finance lease obligations	Current portion of debt and finance obligations		2,755		2,742
Noncurrent:
Operating lease obligations	Long-term operating lease obligations		103,855		106,109
Finance lease obligations	Long-term debt and finance obligations		60,848		61,187
Total lease liabilities		$	185,220	$	187,372

Components of Lease Expense

The components of lease expense consisted of the following:

	Three Months Ended
	March 31,
(in thousands)	2024		2023
Finance lease cost:
Amortization of ROU assets	$	1,113	$	1,056
Interest on lease liabilities		1,436		1,410
Operating lease cost		6,863		6,207
Short-term lease cost		643		435
Variable lease cost		1,240		1,228
Total lease cost, net	$	11,295	$	10,336

Schedule of Other Information Related to Operating and Finance Leases

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

	Three Months Ended
	March 31,
(in thousands)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,761	$	6,652
Operating cash flows from finance leases	$	1,566	$	1,517
Financing cash flows from finance leases	$	818	$	605
ROU assets obtained in exchange for lease obligations:
Operating leases	$	3,245	$	3,016
Finance leases(1)	$	742	$	(13	)

(1)Includes terminations of equipment finance leases during 2023.

	March 31,			December 31,
	2024			2023
Weighted-average remaining lease term (years):
Operating leases		7.48			7.64
Finance leases		33.35			33.47
Weighted-average discount rate:
Operating leases		7.92	%		7.88	%
Finance leases		9.18	%		9.17	%

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

As of March 31, 2024, 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
Remainder of 2024	$	19,744		$	6,371		$	26,115
2025		26,026			7,678			33,704
2026		25,021			6,980			32,001
2027		21,421			6,557			27,978
2028		15,606			6,223			21,829
Thereafter		56,591			174,615			231,206
Total future lease payments		164,409			208,424			372,833
Less: Amount representing interest		(42,792	)		(144,821	)		(187,613	)
Present value of minimum lease payments		121,617			63,603			185,220
Current portion		(17,762	)		(2,755	)		(20,517	)
Long-term portion	$	103,855		$	60,848		$	164,703

Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases

As of March 31, 2024, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that we own, are as follows:

(in thousands)
Remainder of 2024	$	1,820
2025		1,831
2026		1,581
2027		938
2028		764
Thereafter		2,075
Total minimum rents	$	9,009