LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES [Abstract]

Components of Lease Cost

The following table presents components of lease cost and classification on the Consolidated Statement of Operations:

		Year Ended December 31,
in thousands	Consolidated Statement of Operations Classification	2023		2022
Operating Lease Cost	Selling, general and administrative	$	19,235	$	18,943
Finance lease cost
Amortization of leased assets	Depreciation and amortization		175		-
Interest on lease Liabilities	Interest expense		224		-
Variable lease cost	Selling, general and administrative		475		55
		$	20,109	$	18,998

Supplemental Cash Flow Information and Non-cash Activity Related to Leases

Supplemental cash flow information and non-cash activity related to our leases are as follows:

	December 31,
	2023		2022
Cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Operating Cash Flows - operating leases	$	16,103	$	18,443
Financing Cash Flows - finance leases	$	-	$	-
Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	10,477	$	13,820
Finance leases	$	15,971	$	-

Weighted Average Remaining Lease Term and Discount Rate

Weighted-average remaining lease term and discount rate for our leases are as follows:

	Year Ended December 31,
	2023			2022
Weighted-average remaining lease term
Operating leases	11.16 years			11.23 years
Finance leases	15.09 years				-
Weighted-average discount rate
Operating leases		6.89	%		7.12	%
Finance leases		8.39	%		-

Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year for our leases as of December 31, 2023 are as follows:

	As of December 31, 2023
	Operating Leases			Finance Leases
Year ending December 31,
2024	$	18,053		$	1,421
2025		16,668			1,173
2026		14,385			1,671
2027		11,499			1,738
2028		11,331			1,808
Thereafter		67,311			22,796
Total lease payments		139,247			30,607
Less: imputed interest		(38,657	)		(14,411	)
Present value of lease liabilities	$	100,590		$	16,196