Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
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):
Three Months Ended March 31,
2024 2023
Lease expense
Finance lease expense:
Amortization of right-of-use assets $ 1,820  $ 1,939 
Interest on lease liabilities 318  273 
Operating lease expense 1,423  1,423 
Short-term lease expense
Total lease expense $ 3,569  $ 3,641 
Supplemental cash flow information
Finance leases:
Operating cash outflow from finance leases $ 318  $ 273 
Financing cash outflow from finance leases $ 1,787  $ 1,960 
Finance lease liabilities arising from obtaining finance lease right-of-use assets $ 1,871  $ 1,928 
Operating leases:
Operating cash outflow from operating leases $ 1,431  $ 1,385 
Operating lease liabilities arising from obtaining operating lease right-of-use assets $ 149  $ 154 
Other information as of March 31, 2024
Finance leases:
Weighted-average remaining lease term (years) 1.9
Weighted-average discount rate 10.7  %
Operating leases:
Weighted-average remaining lease term (years) 8.8
Weighted-average discount rate 3.9  %
Operating Lease Liability Maturity
Future maturities of remaining lease payments included in the measurement of operating lease liabilities as of March 31, 2024 are as follows (in thousands):
Years ending December 31,
Remaining 2024 $ 4,290 
2025 5,701 
2026 5,843 
2027 5,989 
2028 6,139 
Thereafter 26,695 
Total 54,657 
Less: imputed interest (8,584)
Present value of operating lease obligations $ 46,073 
Finance Lease Liability Maturity
Future minimum lease payments for the Company’s finance leases as of March 31, 2024 were as follows (in thousands):
Years ending December 31,
Remaining 2024 $ 5,914 
2025 5,234 
2026 2,799 
2027 360 
2028 — 
Thereafter — 
Total 14,307 
Less: amounts representing interest (1,581)
Present value of finance lease obligations $ 12,726