LEASES

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

LEASES

LEASES

The Company has operating leases for corporate offices, distribution facilities, a manufacturing plant, and certain vehicles.

The components of lease expense for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Operating lease expenses(1):
Fixed lease expense	$	5,660	$	4,318	$	9,965	$	8,576
Variable lease expense	1,910		1,812		3,544		3,565
Total	$	7,570	$	6,130	$	13,509	$	12,141

(1) Expenses are recorded within distribution expenses and selling, general and administrative expenses on the unaudited condensed consolidated statement of operations.

Supplemental cash flow information for lease related liabilities and assets for the six months ended June 30, 2026 and 2025 were as follows (in thousands):

	Six Months Ended June 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	10,724	$	9,710

	Six Months Ended June 30,
	2026		2025
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	54,626	$	754

During the six months ended June 30, 2026, the right-of-use assets obtained include the right-of-use asset for the Hagerstown Facility lease, which commenced on April 30, 2026. The lease included a tenant improvement allowance of $5.1 million.

The aggregate future lease payments for operating leases as of June 30, 2026 were as follows (in thousands):

	Operating
2026 (excluding the six months ended June 30, 2026)	$	11,944
2027	20,199
2028	18,323
2029	13,875
2030	13,105
2031	11,465
Thereafter	97,382
Total lease payments	186,293
Less: Interest	(75,188)
Present value of lease payments	$	111,105

Average lease terms and discount rates were as follows:

	June 30, 2026
Operating leases:
Weighted-average remaining lease term (years)	10.1
Weighted-average discount rate	9.0	%