LEASES (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents assets and liabilities for leases as of December 31, 2025 and 2024 (in thousands):


	2025		2024
Assets
Operating lease right-of-use assets	$	30,152	$	17,298
Finance lease right-of-use assets	5,713		6,173
Total lease assets	$	35,865	$	23,471

Liabilities
Operating lease liabilities:
Current (included in accrued expenses and other current liabilities)	$	3,663	$	2,677
Non-current	27,860		15,540
Total operating lease liabilities	31,523		18,217

Finance lease liabilities:
Current (included in accrued expenses and other current liabilities)	753		732
Non-current	5,694		6,013
Total finance lease liabilities	6,447		6,745

Total lease liabilities	$	37,970	$	24,962

Schedule of Lease Cost

Lease cost for the years ended December 31, 2025 and 2024 are as follows (in thousands):


	2025		2024
Operating lease cost (1)	$	5,340	$	3,463
Finance lease cost:
Amortization of right-of-use assets	1,031		1,080
Interest on lease liabilities	490		527
Total lease cost	$	6,861	$	5,070

Reported in:
Cost of goods sold	$	6,183	$	4,484
Selling, general and administrative expense	678		586
Total lease cost	$	6,861	$	5,070

(1)Operating lease cost does not include short-term leases or variable costs, all of which are immaterial.

Supplemental cash flow information related to leases for the years ended December 31, 2025 and 2024 are as follows (in thousands):


	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4,867	$	3,278
Operating cash flows for finance leases	489		501
Financing cash flows for finance leases	875		740
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	16,215	$	3,479
Finance leases	685		884
Net change in operating right-of-use assets due to lease modifications resulting in reclassification of leases from operating to finance	$	(56)	$	(34)

Schedule of Future Minimum Payment Obligations for Non-Cancelable Operating Leases

As of December 31, 2025, the estimated future minimum payment obligations for non-cancelable operating leases and finance leases are as follows (in thousands):


Years Ending December 31,	Operating Leases		Finance Leases
2026	$	5,745	$	1,209
2027	5,657		1,157
2028	4,917		1,828
2029	4,569		952
2030	4,110		552
Thereafter	16,875		2,741
Total lease payments	41,873		8,439
Less: imputed interest	(10,350)		(1,992)
Present value of lease liabilities	$	31,523	$	6,447