Lease Accounting (Tables)
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6 Months Ended |
Jun. 30, 2024 |
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| Lease Accounting |
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| Schedule of lease cost |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | Operating lease costs | | | | | | | | | | | | | Charging network cost of sales | | $ | 2,721 | | $ | 1,472 | | $ | 5,150 | | $ | 2,791 | General and administrative expenses | | | 1,099 | | | 1,221 | | | 2,173 | | | 2,440 | Variable lease costs | | | | | | | | | | | | | Charging network cost of sales | | | 667 | | | 778 | | | 1,113 | | | 817 | General and administrative expenses | | | 42 | | | 21 | | | 66 | | | 57 | Short-term lease costs | | | — | | | 26 | | | — | | | 59 | | | $ | 4,529 | | $ | 3,518 | | $ | 8,502 | | $ | 6,164 |
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| Schedule of future fixed minimum payments |
| | | | (in thousands) | | | 2024 | | $ | 6,494 | 2025 | | | 13,817 | 2026 | | | 13,278 | 2027 | | | 12,745 | 2028 | | | 12,490 | Thereafter | | | 61,033 | Total undiscounted operating lease payments | | | 119,857 | Less: imputed interest | | | (40,134) | Total discounted operating lease liabilities | | $ | 79,723 |
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| Schedule of operating lease supplemental information |
| | | | | | | | | | | Six Months Ended | | | June 30, | (dollars in thousands) | | 2024 | | 2023 | Weighted-average remaining lease term (in years) | | | 8.9 | | | | 8.8 | | Weighted-average discount rate | | | 9.4 | % | | | 9.3 | % | Cash paid for amounts included in measurement of operating lease liabilities | | $ | 3,800 | | | $ | 2,246 | | ROU assets obtained in exchange for new operating lease liabilities | | $ | 12,656 | | | $ | 4,107 | |
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| Schedule of operating lease income |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | Operating lease income: | | | | | | | | | | | | | Charging, commercial revenue | | $ | 746 | | $ | 534 | | $ | 1,309 | | $ | 992 | Sublease income: | | | | | | | | | | | | | Ancillary revenue | | | 213 | | | 267 | | | 480 | | | 534 | | | $ | 959 | | $ | 801 | | $ | 1,789 | | $ | 1,526 |
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| Schedule of future minimum rental payments due to as lessor under operating leases (including subleases) |
| | | | (in thousands) | | | | 2024 | | $ | 821 | 2025 | | | 1,326 | 2026 | | | 910 | 2027 | | | 667 | 2028 | | | 334 | | | $ | 4,058 |
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| Schedule of the components of charging equipment, charging stations, land, and subleased host sites leased to third parties |
| | | | | | | | | June 30, | | December 31, | (in thousands) | | 2024 | | 2023 | Charging station equipment and construction costs | | $ | 5,493 | | $ | 5,941 | Less: accumulated depreciation | | | (1,495) | | | (1,307) | Property, equipment and software, net | | $ | 3,998 | | $ | 4,634 | | | | | | | | Operating lease ROU assets | | $ | 11,016 | | $ | 11,764 |
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