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LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Lease Cost
The Company's finance lease liabilities consisted of the following as of March 31, 2024 and December 31, 2023 (in thousands):
CreditorLoan TypeMarch 31, 2024December 31, 2023
Matheson Tri-GasFinance Lease$43,816 $44,132 
PlaqueminesFinance Lease940 994 
Harvey Ford Finance Lease36 39 
DLL financialFinance Lease45 47 
DiegoFinance Lease139 137 
XeroxFinance Lease16 — 
Centerpoint BlakelyFinance Lease23,081 23,292 
$68,073 $68,641 
The following table summarizes the lease cost recognized in our consolidated statements of operations (in thousands):
Three Months Ended March 31,
Lease Cost Type20242023
Amortization of finance lease ROU assets$993 $784 
Interest on lease liabilities1,522 1,382 
Net finance lease costs$2,515 $2,166 
The following table summarizes the operating lease costs recognized (in thousands):
Three Months Ended March 31,
Lease Cost Type20242023
Operating lease cost$7,499 $3,070 
Variable lease cost659 260 
Short-term lease cost6,651 1,929 
Net lease cost$14,809 $5,259 
The following table summarizes the supplemental cash flow information related to leases as follows (in thousands):
Three Months Ended March 31,
Lease Cost Type20242023
Cash paid for amounts included in the measurement of liabilities
Payments on financing lease$586 $310 
Payments on operating lease$7,499 $3,070 
Non-cash supplemental amounts
ROU assets obtained from new finance lease liabilities$18 $15,024 
ROU assets obtained from new operating lease liabilities$74 $15,078 
ROU assets terminated from release of operating lease liabilities$(17,666)$— 
The weighted average remaining lease terms and discount rates for all of our financing lease and operating leases were as follows as of March 31, 2024:
Remaining lease term and discount rate:March 31, 2024
Operating leaseFinancing lease
Weighted average remaining lease terms (years)
   Lease facilities4.94— 
   Lease equipment1.903.87
   Lease plant13.5514.16
   Lease railcar2.21— 
Weighted average discount rate
   Lease facilities11.07 %— %
   Lease equipment12.11 %9.19 %
   Lease plant12.31 %8.89 %
   Lease railcar10.72 %— %
Schedule of Finance Lease, Liability, Fiscal Year Maturity
Future maturities of finance lease obligations, as of March 31, 2024, are summarized as follows (in thousands):
Period Ended March 31,Amount Due
2025$8,459 
20268,462 
20278,455 
202827,847 
20296,588 
Thereafter56,240 
Total lease payments116,051 
Less: interest(47,978)
Present value of financing lease liabilities68,073 
Less: current portion of lease liabilities(2,497)
Total lease liabilities, net of current portion$65,576 
Schedule of Maturities of Operating Lease Liabilities
Maturities of our lease liabilities for all operating leases are as follows as of March 31, 2024 (in thousands):
For the period ending March 31,FacilitiesEquipmentPlantRailcarTotal
2025$975 $12,300 $8,009 $687 $21,971 
2026818 6,512 7,721 567 15,618 
2027631 5,058 7,745 246 13,680 
2028606 3,438 7,603 104 11,751 
2029545 — 6,946 — 7,491 
Thereafter1,293 — 72,072 — 73,365 
Total lease payments4,868 27,308 110,096 1,604 143,876 
Less: interest(1,391)(4,269)(60,455)(135)(66,250)
Present value of operating lease liabilities3,477 23,039 49,641 1,469 77,626 
Less: current portion of lease liabilities(621)(10,076)(2,025)(559)(13,281)
Total lease liabilities, net of current portion$2,856 $12,963 $47,616 $910 $64,345