Leases |
5. Leases A summary of the Company’s lease portfolio as of March 31, 2023, and December 31, 2022, is presented in the table below:
|
|
|
|
|
|
|
|
|
|
|
(Unaudited, U.S. Dollars, in thousands) |
|
Classification |
|
March 31, 2023 |
|
|
December 31, 2022 |
|
Right-of-use assets ("ROU assets") |
|
|
|
|
|
|
Operating leases |
|
Other long-term assets |
|
$ |
21,280 |
|
|
$ |
6,788 |
|
Finance leases |
|
Property, plant and equipment, net |
|
|
17,106 |
|
|
|
17,360 |
|
Total ROU assets |
|
|
|
$ |
38,386 |
|
|
$ |
24,148 |
|
|
|
|
|
|
|
|
|
|
Lease Liabilities |
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
Operating leases |
|
Other current liabilities |
|
$ |
3,241 |
|
|
$ |
1,638 |
|
Finance leases |
|
Current portion of finance lease liability |
|
|
664 |
|
|
|
652 |
|
Long-term |
|
|
|
|
|
|
|
|
Operating leases |
|
Other long-term liabilities |
|
|
18,525 |
|
|
|
5,376 |
|
Finance leases |
|
Long-term portion of finance lease liability |
|
|
19,068 |
|
|
|
19,239 |
|
Total lease liabilities |
|
|
|
$ |
41,498 |
|
|
$ |
26,905 |
|
Supplemental cash flow information related to leases was as follows:
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|
|
|
|
|
|
|
|
(Unaudited, U.S. Dollars, in thousands) |
|
Three Months Ended March 31, 2023 |
|
|
Three Months Ended March 31, 2022 |
|
Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
1,674 |
|
|
$ |
1,068 |
|
Operating cash flows from finance leases |
|
|
214 |
|
|
|
222 |
|
Financing cash flows from finance leases |
|
|
160 |
|
|
|
2,141 |
|
ROU assets obtained in exchange for lease obligations |
|
|
|
|
|
|
Operating leases |
|
|
15,316 |
|
|
|
4,470 |
|
Finance leases |
|
|
— |
|
|
|
— |
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