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LEASES (Tables)

3 Months Ended

Mar. 31, 2024

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

		Three Months Ended March 31,
in thousands	Consolidated Statement of Operations Classification	2024		2023
Operating Lease Cost	Selling, general and administrative	$	4,800	$	4,872
Finance lease cost
Amortization of leased assets	Depreciation and amortization		369		-
Interest on lease Liabilities	Interest expense		487		-
Variable lease cost	Selling, general and administrative		88		66
		$	5,744	$	4,938

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

	Three Months Ended March 31,
	2024		2023
Cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Operating Cash Flows - operating leases	$	4,495	$	3,918
Operating Cash Flows - finance leases	$	487	$	-
Financing Cash Flows - finance leases	$	-	$	-

Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	15,714	$	2,142
Finance leases	$	12,570	$	-

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

	As of March 31,
	2024			2023
Weighted-average remaining lease term
Operating leases	12.51 years			11.15 years
Finance leases	17.08 years				-

Weighted-average discount rate
Operating leases		6.84	%		6.99	%
Finance leases		7.71	%		-

Maturities of lease liabilities by fiscal year for our leases as of March 31, 2024, are as follows:

	Operating Leases			Finance Leases
Year ending December 31,
2024 (excluding the three months ended March 31, 2024)	$	13,558		$	1,216
2025		18,086			506
2026		15,567			2,817
2027		12,681			2,918
2028		12,512			3,023
2029		10,637			3,132
Thereafter		84,883			43,418
Total lease payments		167,924			57,030
Less: imputed interest		(54,155	)		(28,221	)
Present value of lease liabilities	$	113,769		$	28,809