LEASES (Tables)

9 Months Ended

Sep. 30, 2024

LEASES [Abstract]

Amount Reported in Condensed Consolidated Balance Sheet


	September 30,			December 31,
(In thousands)	2024			2023
Asset:
Operating lease right-of-use asset	$	52,824		$	59,931
Finance lease right-of-use asset		1,682			797
Total leased assets	$	54,506		$	60,728

Liabilities:
Current:
Operating lease liability		11,040			11,967
Finance lease liability		1,035			475
Long-term:
Operating lease liability		86,376			91,037
Finance lease liability		709			337
Total lease liabilities	$	99,160		$	103,816

Lease Expense


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2024			2023			2024			2023
Lease expense:
Operating lease expense	$	6,554		$	2,357		$	18,754		$	4,287
Finance lease expense
Depreciation of right-of-use asset		191			85			542			85
Interest expense on lease liabilities		28			6			85			6
Total lease expense	$	6,773		$	2,448		$	19,381		$	4,378

Future Minimum Lease Payments


(In thousands)			Finance ‎Leases			Operating ‎Leases
Remaining 2024		$	335		$	12,569
2025			968			16,567
2026			433			14,705
2027			83			13,387
2028			15			11,501
Thereafter			5			74,005
Total minimum lease payments		$	1,841		$	142,733
Less: amount representing interest			(97)			(45,317)
Present value of obligations under leases			1,744			97,416
Less: current portion			(1,035)			(11,040)
Long-term lease obligations		$	709		$	86,376

Summary of Supplemental Cash Flow Information


	Nine Months Ended
	September 30,			September 30,
(In thousands, except weighted average lease term and discount rate)	2024			2023
Other supplemental cash flow information:
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	12,463		$	3,567
Operating cash flows for finance leases		85			6
Financing cash flows for finance leases		945			55
Total cash paid for amounts included in the measurement of lease liabilities	$	13,493		$	3,628

Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	1,643		$	3,146
Financing leases	$	—		$	—
Weighted-average remaining lease term
Operating leases		7.5			9.9
Financing leases		0.2			2.8
Weighted-average discount rate
Operating leases		0.7%			5.2%
Financing leases		0.7%			4.3%