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Leases
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
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:

(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