v3.25.0.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
LEASES [Abstract]  
Amount Reported in Condensed Consolidated Balance Sheet

December 31,

(In thousands)

2024

2023

Asset:

Operating lease right-of-use asset

$

49,647

$

59,931

Finance lease right-of-use asset

518

797

Total leased assets

$

50,165

$

60,728

Liabilities:

Current:

Operating lease liability

10,249

11,967

Finance lease liability

233

475

Long-term:

Operating lease liability

83,588

91,037

Finance lease liability

298

337

Total lease liabilities

$

94,368

$

103,816

Lease Expense

Twelve Months Ended

December 31,

(In thousands)

2024

2023

2022

Lease expense:

Operating lease expense

$

25,272

$

19,471

$

2,588

Finance lease expense

Depreciation of right-of-use asset

585

903

—

Interest expense on lease liabilities

92

67

—

Total lease expense

$

25,949

$

20,441

$

2,588

Future Minimum Lease Payments

(In thousands)

Finance
‎
Leases

Operating
‎
Leases

2025

$

257

$

16,297

2026

190

14,663

2027

95

13,400

2028

25

11,547

2029

5

11,440

Thereafter

—

62,585

Total minimum lease payments

$

573

$

129,932

Less: amount representing interest

(42)

(36,095)

Present value of obligations under leases

531

93,837

Less: current portion

(233)

(10,249)

Long-term lease obligations

$

298

$

83,588

Summary of Supplemental Cash Flow Information

Twelve Months Ended

December 31,

(In thousands, except weighted average lease term and discount rate)

2024

2023

2022

Other supplemental cash flow information:

Cash paid for amounts included in measurement of lease liabilities

Operating cash flows from operating leases

$

14,300

$

19,773

$

2,545

Operating cash flows for finance leases

92

67

—

Financing cash flows for finance leases

1,003

913

—

Total cash paid for amounts included in the measurement of lease liabilities

$

15,395

$

20,753

$

2,545

Right-of-use assets obtained in exchange for lease obligations

Operating leases

$

2,289

$

9,043

$

1,915

Financing leases

$

394

$

—

$

—

Weighted-average remaining lease term

Operating leases

7.7

14.9

2.4

Financing leases

2.4

2.6

—

Weighted-average discount rate

Operating leases

4.8%

8.3%

3.5%

Financing leases

5.3%

4.4%

—