| Lease Expense and Other Information |
Components of lease expense and other information for the periods presented are summarized as follows (in thousands, except terms and rates):
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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 |
| Lease expense |
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| Finance lease expense: |
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| Amortization of right-of-use assets |
$ |
1,809 |
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$ |
2,186 |
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$ |
3,748 |
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$ |
4,419 |
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| Interest on lease liabilities |
288 |
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227 |
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|
561 |
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|
431 |
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| Operating lease expense |
1,423 |
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|
1,417 |
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2,845 |
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|
2,834 |
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| Short-term lease expense |
5 |
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9 |
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11 |
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18 |
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| Total lease expense |
$ |
3,525 |
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$ |
3,839 |
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$ |
7,165 |
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$ |
7,702 |
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| Supplemental cash flow information |
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| Finance leases: |
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| Operating cash outflow from finance leases |
$ |
288 |
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$ |
227 |
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$ |
561 |
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$ |
431 |
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| Financing cash outflow from finance leases |
$ |
1,847 |
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$ |
2,284 |
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$ |
3,807 |
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$ |
4,460 |
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| Finance lease liabilities arising from obtaining finance lease right-of-use assets |
$ |
1,711 |
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$ |
1,297 |
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$ |
3,639 |
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$ |
3,324 |
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| Operating leases: |
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| Operating cash outflow from operating leases |
$ |
1,396 |
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$ |
1,142 |
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$ |
2,781 |
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$ |
1,983 |
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| Operating lease liabilities arising from obtaining operating lease right-of-use assets |
$ |
— |
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$ |
— |
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$ |
154 |
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$ |
— |
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Other information as of June 30, 2023 |
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| Finance leases: |
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| Weighted-average remaining lease term (years) |
1.8 |
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| Weighted-average discount rate lease term |
9.4 |
% |
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| Operating leases: |
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| Weighted-average remaining lease term (years) |
9.6 |
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| Weighted-average discount rate lease term |
3.9 |
% |
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| Operating Lease Liability Maturity |
Future maturities of remaining lease payments included in the measurement of operating lease liabilities as of June 30, 2023 are as follows (in thousands):
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| Years ending December 31, |
| Remaining 2023 |
$ |
2,792 |
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| 2024 |
5,574 |
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| 2025 |
5,701 |
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| 2026 |
5,843 |
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| 2027 |
5,989 |
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| Thereafter |
32,834 |
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| Total |
58,733 |
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| Less imputed interest |
(9,959) |
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| Present value of operating lease obligations |
$ |
48,774 |
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| Finance Lease Liability Maturity |
Future minimum lease payments for the Company’s finance leases as of June 30, 2023 were as follows (in thousands):
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| Years ending December 31, |
| Remaining 2023 |
$ |
4,278 |
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| 2024 |
5,923 |
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| 2025 |
3,295 |
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| 2026 |
737 |
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| 2027 |
— |
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| Thereafter |
— |
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| Total |
14,233 |
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| Less amounts representing interest |
(1,412) |
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| Present value of finance lease obligations |
$ |
12,821 |
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