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LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Assets and Lease Liabilities
The components of lease assets and lease liabilities and their classification on our Consolidated Balance Sheets were as follows:
December 31,
(in thousands)Classification20252024
Lease assets
Operating leasesOperating lease right-of-use assets$47,063 $139,067 
Finance leasesProperty and equipment, net128,732 3,210 
Total lease assets$175,795 $142,277 
Lease liabilities
Current liabilities
Operating leasesOperating lease liabilities, current $2,771 $5,469 
Finance leases
Finance lease and other lease financing liabilities, current
2,924 1,189 
Non-current liabilities
Operating leases
Operating lease liabilities, non-current
60,546 267,221 
Finance leases
Finance lease and other lease financing liabilities, non-current
243,813 2,021 
Total lease liabilities$310,054 $275,900 
Schedule of Lease Cost
The components of lease costs and classification within the Consolidated Statements of Operations were as follows:
Year Ended December 31,
(in thousands)202520242023
Operating lease costs
Capitalized to inventory
$34,468 $36,531 $34,954 
General and administrative expenses
2,557 4,252 2,775 
Total operating lease costs$37,025 $40,783 $37,729 
Finance lease costs
Amortization of leased assets(1)
$3,752 $972 $460 
Interest on lease liabilities5,591 322 198 
Total finance lease costs$9,343 $1,294 $658 
(1)Included as a component of depreciation expense within “General and administrative expenses” on the Consolidated Statements of Operations.
The following table presents information on short-term and variable lease costs:
Year Ended December 31,
(in thousands)202520242023
Total short-term and variable lease costs$3,958 $4,087 $4,328 
Schedule of Supplemental Cash and Non-Cash Information for Leases
The following table includes supplemental cash and non-cash information related to our leases:
Year Ended December 31,
(in thousands)202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$38,598 $41,501 $37,317 
Operating cash flows from finance leases5,591 322 198 
Financing cash flows from finance leases1,842 892 369 
ROU assets obtained in exchange for new lease obligations
Operating leases$1,479 $10,414 $33,004 
Finance leases
37,259 2,410 1,159 
Schedule Of Weighted Average Remaining Lease Term and Discount Rate
The following table summarizes the weighted-average remaining lease term and discount rate:
December 31,
20252024
Weighted-average remaining term (years)
Operating leases10.613.3
Finance leases16.92.8
Weighted-average discount rate
Operating leases16.3%15.1%
Finance leases14.6%10.5%
Schedule of Operating Lease Liability Maturity
The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our Consolidated Balance Sheet as of December 31, 2025 are as follows:
(in thousands)
Operating Lease Liabilities
Finance Lease Liabilities
2026$12,320 $35,916 
202712,579 36,168 
202812,854 36,799 
202912,798 37,738 
203012,189 38,712 
Thereafter78,490 548,939 
Total lease payments141,230 734,272 
Less: imputed interest77,913 487,535 
Present value of lease liabilities$63,317 $246,737 
Schedule of Finance Lease Liability Maturity
The amounts of future undiscounted cash flows related to the lease payments over the lease terms and the reconciliation to the present value of the lease liabilities as recorded on our Consolidated Balance Sheet as of December 31, 2025 are as follows:
(in thousands)
Operating Lease Liabilities
Finance Lease Liabilities
2026$12,320 $35,916 
202712,579 36,168 
202812,854 36,799 
202912,798 37,738 
203012,189 38,712 
Thereafter78,490 548,939 
Total lease payments141,230 734,272 
Less: imputed interest77,913 487,535 
Present value of lease liabilities$63,317 $246,737 
Schedule of Financing Liability, Maturity Schedule
The following table presents cash payments due under transactions that did not qualify for sale-leaseback treatment. The cash payments are allocated between interest and liability reduction, as applicable. The “sold” assets remain within land, buildings, and leasehold improvements, as appropriate, for the duration of the lease. A lease financing liability equal to the amount of proceeds received is recorded within “Finance lease and other lease financing liabilities, non-current” on the Consolidated Balance Sheets, and totaled $18,100 as of each of December 31, 2025 and 2024.
(in thousands)20262027202820292030ThereafterTotal
Cash payments due under lease financing liabilities
$2,592 $2,665 $2,741 $2,497 $1,596 $6,512 $18,603