LEASES (Tables)

3 Months Ended

Mar. 31, 2025

LEASES

Summary of components of lease expense

The components of lease expense were as follows (in thousands):

	Three months ended
	March 31, 2025		March 31, 2024
Operating lease cost:
Operating lease cost	$	5,906	$	5,479
Short-term lease cost		1,332		691
Variable lease cost		1,955		1,429
Total operating lease cost	$	9,193	$	7,599
Finance lease cost:
Amortization of right-of-use asset	$	1,879	$	612
Variable costs		287		198
Interest costs		88		100
Total finance lease cost	$	2,254	$	910

Summary of weighted-average remaining lease term and discount rate

	March 31, 2025		December 31, 2024
Weighted-average remaining lease term
Operating leases		12.6 years		12.6 years
Financing leases		3.9 years		11.5 years
Weighted-average discount rate
Operating leases		6.8%		6.8%
Financing leases		7.5%		7.4%

Summary of maturities of operating lease liabilities

Maturities of lease liabilities as of March 31, 2025 were as follows (in thousands):

	Operating Leases		Financing Leases
2025 (excluding the three months ended March 31, 2025)	$	17,474	$	1,135
2026		15,799		848
2027		13,029		812
2028		9,867		620
2029		7,080		516
Thereafter		79,553		1,658
Total lease payments		142,802		5,589
Less imputed interest		(56,013)		(1,304)
Total	$	86,789	$	4,285

Maturities of lease liabilities as of December 31, 2024 were as follows (in thousands):

	Operating Leases		Financing Leases
2025	$	20,764	$	1,649
2026		15,881		847
2027		12,949		825
2028		9,901		632
2029		7,134		516
Thereafter		79,843		1,630
Total lease payments		146,472		6,099
Less imputed interest		(57,512)		(1,402)
Total	$	88,960	$	4,697

Summary of maturities of finance lease liabilities

	Operating Leases		Financing Leases
2025 (excluding the three months ended March 31, 2025)	$	17,474	$	1,135
2026		15,799		848
2027		13,029		812
2028		9,867		620
2029		7,080		516
Thereafter		79,553		1,658
Total lease payments		142,802		5,589
Less imputed interest		(56,013)		(1,304)
Total	$	86,789	$	4,285

	Operating Leases		Financing Leases
2025	$	20,764	$	1,649
2026		15,881		847
2027		12,949		825
2028		9,901		632
2029		7,134		516
Thereafter		79,843		1,630
Total lease payments		146,472		6,099
Less imputed interest		(57,512)		(1,402)
Total	$	88,960	$	4,697

Schedule of maturities of future undiscounted lease payments

The following table presents the maturities of future undiscounted lease payments for the periods indicated (in thousands):

2025 (excluding the three months ended March 31, 2025)	$	5,895
2026		7,634
2027		6,309
2028		5,626
2029		4,924
Thereafter		4,204
Total future lease payments	$	34,592