LEASES (Tables)

6 Months Ended

Jun. 30, 2024

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

		Three Months Ended June30,				Six Months Ended June30,
in thousands	Consolidated Statement of Operations Classification	2024		2023		2024		2023
Operating Lease Cost	Selling, general and administrative	$	4,819	$	4,883	$	9,619	$	9,755
Finance lease cost
Amortization of leased assets	Depreciation and amortization		418		-		787		-
Interest on lease Liabilities	Interest expense		552		-		1,039		-
Variable lease cost	Selling, general and administrative		88		66		176		133
		$	5,877	$	4,949	$	11,621	$	9,888

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Operating Cash Flows - operating leases	$	4,515	$	4,278	$	9,010	$	8,196
Operating Cash Flows - finance leases	$	552	$	-	$	1,039	$	-
Financing Cash Flows - finance leases	$	107	$	-	$	64	$	-

Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	6,681	$	-	$	22,395	$	2,142
Finance leases	$	-	$	-	$	12,570	$	-

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

	As of June 30,
	2024			2023
Weighted-average remaining lease term
Operating leases	12.11 years			11.13 years
Finance leases	16.83 years				-

Weighted-average discount rate
Operating leases		6.74	%		6.92	%
Finance leases		7.71	%		-

Maturities of lease liabilities by fiscal year for our leases as of June 30, 2024, are as follows:

	Operating Leases			Finance Leases
Year ending December 31,
2024 (excluding the six months ending June 30, 2024)	$	9,043		$	557
2025		19,518			506
2026		17,237			2,817
2027		14,402			2,917
2028		14,285			3,023
2029		11,955			3,132
Thereafter		85,105			43,418
Total lease payments		171,545			56,370
Less: imputed interest		(53,664	)		(27,668	)
Present value of lease liabilities	$	117,881		$	28,702