LEASES

9 Months Ended

Sep. 30, 2020

LEASESThe Company has operating leases for offices, retail stores, and warehouse space that expire through 2027. The Company’s leases have remaining lease terms of 4 months to 7.3 years, some of which include options to extend the leases up to 10 years. For the three and nine months ended September 30, 2020, rent expense was $905 and $2,924, respectively. For the three and nine months ended September 30, 2019, rent expense was $1,123 and $2,775, respectively. Rent expense is recognized on a basis which approximates straight-line over the lease term and is recorded as a component of selling, general, and administrative expense on the condensed consolidated statement of operations. As of September 30, 2020, the Company had a weighted-average remaining lease term of 4.5 years and a weighted-average discount rate used to calculate the lease liability of 4.37%.

Future maturities of lease liabilities as of September 30, 2020, were as follows:


Remaining of 2020	$	879
2021	3,321
2022	3,223
2023	2,796
2024	1,858
Thereafter	1,977
Total lease payments	14,054
Less: imputed interest	(1,353)
Lease liabilities	$	12,701

No other leases have been entered into under which the Company has significant rights and obligations as the lessee except those noted above.