LEASES (Tables)

9 Months Ended

Sep. 30, 2024

LEASES

Schedule of Company's Lease Cost

The Company’s lease costs for the three and nine months ended September 30, 2024 and 2023 are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Operating lease cost	$	4,746	$	4,411	$	14,313	$	13,499
Finance lease cost:
Amortization of right-of-use assets		47		58		142		119
Interest on lease liabilities		1		6		2		18
Net lease cost	$	4,794	$	4,475	$	14,457	$	13,636

Summary of Maturities of Operating Lease Liabilities

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Operating lease cost	$	4,746	$	4,411	$	14,313	$	13,499
Finance lease cost:
Amortization of right-of-use assets		47		58		142		119
Interest on lease liabilities		1		6		2		18
Net lease cost	$	4,794	$	4,475	$	14,457	$	13,636

Summary of Maturities of Finance Lease Liabilities

	Operating		Finance
	Leases		Leases
Year 1	$	9,939	$	48
Year 2		9,887		27
Year 3		9,849		—
Year 4		9,518		—
Year 5		9,071		—
Years thereafter		549,316		—
Total future minimum lease payments		597,580		75
Less amount representing interest		(467,291)		(1)
Total present value of minimum payments	$	130,289	$	74

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	42.7	years
Finance leases	1.6	years
Weighted-average discount rate:
Operating leases	7.0	%
Finance leases	2.2	%