Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Lease, Cost
The following table provides the components of lease cost recognized in the consolidated statements of operations and comprehensive income (loss) for the periods presented.
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Finance lease cost:
   Amortization of lease assets $ 1,469  $ 1,261  $ 3,059  $ 2,403 
   Interest on lease liabilities 2,598  3,013  4,947  5,914 
Total finance lease cost 4,067  4,274  8,006  8,317 
Operating lease cost 915  914  1,648  1,800 
Variable lease cost 20  89  86  182 
Total lease cost $ 5,002  $ 5,277  $ 9,740  $ 10,299 
Other information related to operating and finance leases as of the balance sheet dates presented are as follows:
June 30, 2023 December 31, 2022
(unaudited)
Finance Leases Operating Leases Finance Leases Operating Leases
Weighted average discount rate 16.07  % 13.09  % 11.23  % 11.51  %
Weighted average remaining lease term (in years) 17.0 12.7 22.7 14.1
Lessee, Operating Lease, Liability, Maturity
The maturities of the contractual undiscounted lease liabilities as of June 30, 2023 are as follows:
Finance Leases Operating Leases
Remainder of year $ 4,491  $ 2,427 
2024 10,653  5,667 
2025 10,517  5,581 
2026 10,409  5,319 
2027 9,950  5,161 
Thereafter 158,127  43,157 
Total lease payments 204,147  67,312 
Less: Imputed interest (142,662) (36,946)
Total present value of minimum lease payments $ 61,485  $ 30,366 
Lease liabilities - current portion $ 8,786  $ 4,910 
Lease liabilities - non-current $ 52,699  $ 25,456 
Finance Lease, Liability, Fiscal Year Maturity
The maturities of the contractual undiscounted lease liabilities as of June 30, 2023 are as follows:
Finance Leases Operating Leases
Remainder of year $ 4,491  $ 2,427 
2024 10,653  5,667 
2025 10,517  5,581 
2026 10,409  5,319 
2027 9,950  5,161 
Thereafter 158,127  43,157 
Total lease payments 204,147  67,312 
Less: Imputed interest (142,662) (36,946)
Total present value of minimum lease payments $ 61,485  $ 30,366 
Lease liabilities - current portion $ 8,786  $ 4,910 
Lease liabilities - non-current $ 52,699  $ 25,456