LEASES (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| LEASES |
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| Summary of components of lease expense |
The components of lease expense were as follows (in thousands): | | | | | | | | | | | | | Three months ended | Six months ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | Operating lease cost: | | | | | | | | | | | | Operating lease cost | $ | 6,780 | | $ | 6,074 | | $ | 12,854 | | $ | 11,981 | Short-term lease cost | | 1,406 | | | 1,302 | | | 3,067 | | | 2,633 | Variable lease cost | | 1,288 | | | 1,819 | | | 2,891 | | | 3,774 | Total operating lease cost | $ | 9,474 | | $ | 9,195 | | $ | 18,812 | | $ | 18,388 | | | | | | | | | | | | | Finance lease cost: | | | | | | | | | | | | Amortization of right-of-use asset | $ | 574 | | $ | 1,901 | | $ | 1,149 | | $ | 3,780 | Variable costs | | 87 | | | 134 | | | 195 | | | 422 | Interest costs | | 77 | | | 85 | | | 157 | | | 174 | Total finance lease cost | $ | 738 | | $ | 2,120 | | $ | 1,501 | | $ | 4,376 |
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| Summary of weighted-average remaining lease term and discount rate |
| | | | | | | June 30, 2026 | | December 31, 2025 | Weighted-average remaining lease term | | | | | | Operating leases | | 10.2 years | | | 11.8 years | Financing leases | | 5.3 years | | | 5.6 years | | | | | | | Weighted-average discount rate | | | | | | Operating leases | | 7.3% | | | 7.8% | Financing leases | | 8.8% | | | 8.7% |
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| Summary of maturities of operating lease liabilities |
Maturities of lease liabilities as of June 30, 2026 were as follows (in thousands): | | | | | | | Operating Leases | | Financing Leases | 2026 (excluding the six months ended June 30, 2026) | | 13,405 | | | 514 | 2027 | | 24,681 | | | 1,006 | 2028 | | 20,631 | | | 737 | 2029 | | 17,193 | | | 537 | 2030 | | 15,794 | | | 527 | Thereafter | | 93,357 | | | 1,130 | Total lease payments | | 185,061 | | | 4,451 | Less imputed interest | | (63,006) | | | (977) | Total | $ | 122,055 | | $ | 3,474 |
Maturities of lease liabilities as of December 31, 2025 were as follows (in thousands): | | | | | | | Operating Leases | | Financing Leases | 2026 | $ | 18,712 | | $ | 668 | 2027 | | 17,143 | | | 996 | 2028 | | 13,051 | | | 727 | 2029 | | 9,395 | | | 527 | 2030 | | 7,133 | | | 516 | Thereafter | | 72,553 | | | 1,548 | Total lease payments | | 137,987 | | | 4,982 | Less imputed interest | | (52,667) | | | (1,134) | Total | $ | 85,320 | | $ | 3,848 |
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| Summary of maturities of finance lease liabilities |
Maturities of lease liabilities as of June 30, 2026 were as follows (in thousands): | | | | | | | Operating Leases | | Financing Leases | 2026 (excluding the six months ended June 30, 2026) | | 13,405 | | | 514 | 2027 | | 24,681 | | | 1,006 | 2028 | | 20,631 | | | 737 | 2029 | | 17,193 | | | 537 | 2030 | | 15,794 | | | 527 | Thereafter | | 93,357 | | | 1,130 | Total lease payments | | 185,061 | | | 4,451 | Less imputed interest | | (63,006) | | | (977) | Total | $ | 122,055 | | $ | 3,474 |
Maturities of lease liabilities as of December 31, 2025 were as follows (in thousands): | | | | | | | Operating Leases | | Financing Leases | 2026 | $ | 18,712 | | $ | 668 | 2027 | | 17,143 | | | 996 | 2028 | | 13,051 | | | 727 | 2029 | | 9,395 | | | 527 | 2030 | | 7,133 | | | 516 | Thereafter | | 72,553 | | | 1,548 | Total lease payments | | 137,987 | | | 4,982 | Less imputed interest | | (52,667) | | | (1,134) | Total | $ | 85,320 | | $ | 3,848 |
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| 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): | | | 2026 (excluding the six months ended June 30, 2026) | $ | 1,439 | 2027 | | 1,859 | 2028 | | 1,324 | 2029 | | 1,281 | 2030 | | 588 | Thereafter | | 1,379 | Total future lease payments | $ | 7,870 |
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