Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.24.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Assets and Liabilities, Lessee
Operating leases as of the periods reflected in the table below were as follows (in thousands):
December 31,
2023 2022
Operating lease right-of-use assets $ 287,939  $ 240,977 
Current portion of operating lease liabilities 75,288  76,261 
Operating lease liabilities 214,957  165,955 
Total operating lease liabilities $ 290,245  $ 242,216 
Lease Cost Terms and Rent Expense
Operating leases for the periods reflected in the table below were as follows (in thousands, except years and percentages):
Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Cash paid for operating leases $ 106,408 $ 69,669 $ 100,339
ROU assets obtained in exchange for lease obligations $ 135,650 $ 107,034 $ 34,185
Weighted average remaining lease term
5 years
5 years
4 years
Weighted average discount rate 6.38  % 6.09  % 6.13  %
Rent expense for the periods reflected in the table below were as follows (in thousands):
  Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Rent expense under all operating leases $ 102,729  $ 74,378  $ 106,180 
Rent expense under operating leases for aircraft $ 80,889  $ 57,976  $ 83,788 
Lessee, Operating Lease, Liability, Maturity
As of December 31, 2023, aggregate future payments under all non-cancelable operating leases that have initial or remaining terms in excess of one year, including leases for aircraft, are as follows (in thousands):
Aircraft Other Total
Twelve months ended December 31,
2024 $ 79,109  $ 11,548  $ 90,657 
2025 71,167  9,419  80,586 
2026 58,117  7,599  65,716 
2027 36,325  5,000  41,325 
2028 22,214  4,137  26,351 
Thereafter 25,713  9,515  35,228 
$ 292,645  $ 47,218  $ 339,863