LEASES (Tables)

9 Months Ended

Sep. 30, 2024

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

		Three Months Ended September 30,				Nine Months Ended September 30,
in thousands	Consolidated Statement of Operations Classification	2024		2023		2024		2023
Operating Lease Cost	Selling, general and administrative	$	4,924	$	4,824	$	14,543	$	14,560
Finance lease cost
Amortization of leased assets	Depreciation and amortization		418		-		1,204		-
Interest on lease Liabilities	Interest expense		554		-		1,594		-
Variable lease cost	Selling, general and administrative		117		170		292		303
		$	6,013	$	4,994	$	17,633	$	14,863

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Operating Cash Flows - operating leases	$	4,456	$	3,977	$	13,465	$	12,155
Operating Cash Flows - finance leases	$	554	$	-	$	1,594	$	-
Financing Cash Flows - finance leases	$	657	$	-	$	593	$	-

Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	26,014	$	8,349	$	48,409	$	10,491
Finance leases	$	-	$	-	$	12,570	$	-

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

	As of September 30,
	2024			2023
Weighted-average remaining lease term
Operating leases	13.06 years			11.22 years
Finance leases	16.65 years				-

Weighted-average discount rate
Operating leases		6.69	%		6.94	%
Finance leases		7.69	%		-

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

	Operating Leases			Finance Leases
Year ending December 31,
2024 (excluding the nine months ending September 30, 2024)	$	4,523		$	659
2025		19,400			506
2026		17,581			2,817
2027		17,096			2,918
2028		18,012			3,023
2029		15,753			3,132
Thereafter		121,608			43,418
Total lease payments		213,973			56,473
Less: imputed interest		(72,390	)		(27,114	)
Present value of lease liabilities	$	141,583		$	29,359