v3.25.2
Lease Obligations (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease Activity

On a consolidated basis, lease activity for the three and six months ended June 30, 2025 and 2024 were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Finance lease expense

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of ROU assets

 

$

1,131

 

 

$

1,611

 

 

$

3,424

 

 

$

3,124

 

Interest on lease liabilities

 

 

1,095

 

 

 

1,671

 

 

 

3,363

 

 

 

3,305

 

Operating lease expense

 

 

386

 

 

 

422

 

 

 

1,065

 

 

 

844

 

Total

 

$

2,612

 

 

$

3,704

 

 

$

7,852

 

 

$

7,273

 

Schedule of Supplemental Cash Flow Information

On a consolidated basis, supplemental cash flow information for the six months ended June 30, 2025 and 2024 were as follows:

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities

 

(in thousands except percent and year)

 

Operating cash flows from finance leases

 

$

3,371

 

 

$

3,305

 

Financing cash flows from finance leases

 

$

1,896

 

 

$

1,098

 

Operating cash flows from operating leases

 

$

1,083

 

 

$

867

 

ROU assets obtained in exchange for new finance lease liabilities

 

$

 

 

$

4,087

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

1,342

 

 

$

 

Weighted-average remaining lease term in years for finance leases

 

 

13.47

 

 

n/a

 

Weighted-average remaining lease term in years for operating leases

 

 

5.64

 

 

n/a

 

Weighted-average discount rate for finance leases

 

 

8.37

%

 

n/a

 

Weighted-average discount rate for operating leases

 

 

9.60

%

 

n/a