LEASES (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Presentation of Right-of-Use Assets and Lease Liabilities in the Condensed Consolidated Balance Sheet

The presentation of right-of-use assets and lease liabilities in the condensed consolidated balance sheet is as follows (in thousands):

Leases	Classification	September 30, 2023		December 31, 2022
Assets
Right-of-use assets	Other assets(1)	$	23,222	$	24,768
Total leased assets		$	23,222	$	24,768
Liabilities
Current
Operating	Accrued and other liabilities	$	5,155	$	5,258
Noncurrent
Operating	Lease liabilities	22,465		23,272
Total Lease liabilities		$	27,620	$	28,530

(1) Operating right-of-use assets are recorded net of accumulated amortization of $8.9 million and $5.6 million as of September 30, 2023 and December 31, 2022, respectively.

Lease Expense

Lease expense for the three and nine months ended September 30, 2023 and 2022, was as follows (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,
Lease Cost	Classification	2023		2022		2023		2022
Operating lease cost	Other selling, general and administrative expenses	$	1,891	$	632	$	5,965	$	1,631

Schedule of Future Minimum Lease Payments

Future minimum lease payments for assets under non-cancelable operating lease agreements with original terms of more than one year for the remainder of 2023 and thereafter are as follows (in thousands):

2023	$	1,565
2024	5,892
2025	6,327
2026	4,933
2027	3,610
Thereafter	14,977
Total lease payments	37,304
Less: Imputed interest	(9,684)
Present value of lease liabilities	$	27,620