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OPERATING LEASES
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
OPERATING LEASES OPERATING LEASESThe Company leases its distribution centers and manufacturing facilities from third parties under various non-cancelable lease agreements expiring at various dates through 2032. Certain leases contain escalation provisions and/or renewal options, giving the Company the right to extend the leases by up to 10 years. However, these options are generally not reflected in the calculation of the right-of-use assets and lease liabilities due to uncertainty surrounding the likelihood of renewal. The Company recognizes operating lease costs over the respective lease periods, including short-term and month-to-month leases. During the three months ended March 31, 2022, and 2021, the Company incurred operating lease costs of $2,597 and $1,494, respectively. These costs are included primarily within selling, general and administrative expense in the condensed consolidated statements of operations.
Supplemental balance sheet information related to the Company’s operating leases are as follows:
March 31,
2022
December 31,
2021
Assets
Operating lease right-of-use assets, net of accumulated amortization$54,566 $45,245 
Total leased assets$54,566 $45,245 
Liabilities
Current portion of lease liabilities$7,773 $7,198 
Long-term lease liabilities46,755 38,595 
Total lease liabilities$54,528 $45,793 
As of March 31, 2022, future minimum lease payments under non-cancelable operating leases are as follows:
Operating
For the period of April 1, 2022 to December 31, 2022$7,003 
Year ending December 31,
20239,311 
20249,031 
20258,338 
20266,824 
20276,369 
Thereafter14,208 
Total rental payments61,084 
Less portion representing interest(6,556)
Total principal54,528 
Less current portion(7,773)
Long-term portion$46,755 

During the three months ended March 31, 2022, the Company executed a lease for approximately 303,000 square feet of warehouse space in Shoemakersville, Pennsylvania, and recorded right-of-use assets for operating leases for $10,463.
During 2021, the Company executed new lease agreements that will commence in 2023. The future minimum lease payments for executed non-cancelable operating leases not yet commenced are as follows:
Operating
For the period of April 1, 2022, to December 31, 2022$ 
Year ending December 31,
20233,354 
20243,272 
20253,610 
20263,965 
20274,076 
Thereafter22,633 
Total rental payments$40,910