| Schedule of sale leaseback arrangements |
As of December 31, 2025 and 2024, the Company’s failed sale and leaseback arrangements were recognized in the Consolidated Balance Sheets as follows: | | | | | | | | | | | | | As of December 31, | | 2025 | | 2024 | Property, plant and equipment, net: | | | | Financed property and equipment, net of accumulated depreciation of $76.1 million and $59.1 million, respectively | $ | 124,708 | | | $ | 143,923 | | | | | | Financial obligations: | | | | Financial obligation - current | 7,238 | | | 7,208 | | Financial obligation - net of current | 202,901 | | | 201,687 | | Total financial obligations | $ | 210,139 | | | $ | 208,895 | |
For the years ended December 31, 2025, 2024 and 2023, the expenses incurred by the Company related to its failed sale and leaseback arrangements were recognized on the Consolidated Statements of Operations as follows: | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2025 | | 2024 | | 2023 | | | | | | | Interest on financial obligations | $ | 26,450 | | | $ | 23,726 | | | $ | 24,151 | | | | | | | | | | | | | | Depreciation on financed property, plant and equipment | 12,953 | | | 17,143 | | | 17,715 | | Total expense associated with failed sale and leaseback arrangements | $ | 39,403 | | | $ | 40,869 | | | $ | 41,866 | |
For the years ended December 31, 2025, 2024 and 2023, cash flows associated with the Company’s failed sale and leaseback arrangements were recognized in the Consolidated Statements of Cash Flows as follows: | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2025 | | 2024 | | 2023 | Cash flows from operating activities: | | | | | | Operating cash flows from failed sale and leaseback arrangements | $ | (26,450) | | | $ | (23,726) | | | $ | (24,150) | | Cash flows from financing activities: | | | | | | Financing cash flows from failed sale and leaseback financial obligations | (5,843) | | | (5,777) | | | (4,308) | | Net cash flows from failed sale and leaseback arrangements | $ | (32,293) | | | $ | (29,503) | | | $ | (28,458) | |
As of December 31, 2025, maturities of the Company’s financial obligations associated with its failed sale and leaseback arrangements were as follows: | | | | | | Fiscal Year | Financial Obligation | 2026 | $ | 33,139 | | 2027 | 31,006 | | 2028 | 31,841 | | 2029 | 30,497 | | 2030 | 29,459 | | 2031 and thereafter | 327,183 | | Total undiscounted remaining minimum lease payments | 483,125 | | Less: imputed interest | (272,986) | | Total discounted remaining minimum lease payments | $ | 210,139 | |
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