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