LEASES (Tables)

9 Months Ended

Sep. 30, 2024

LEASES [Abstract]

Operating Leases Included in Unaudited Condensed Consolidated Balance Sheets

Operating leases are included in the unaudited condensed consolidated Balance Sheets as follows:

(in thousands)	Classification	September 30, 2024		December 31, 2023
Lease assets
Operating lease cost ROU assets, net	Assets	$	2,855.1	$	353.2
Total lease assets		$	2,855.1	$	353.2
Lease liabilities
Operating lease liabilities, current	Current liabilities	$	734.0	$	160.3
Operating lease liabilities, non-current	Liabilities		2,175.1		201.6
Total lease liabilities		$	2,909.1	$	361.9

Components of Lease Costs

The components of lease costs, which are included in loss from operations in our unaudited condensed consolidated Statements of Operations were as follows:

	Three Month Period Ended
(in thousands)	September 30, 2024		September 30, 2023
Lease costs
Operating lease costs	$	60.9	$	44.9
Short-term lease costs		152.6		34.4
Total lease costs	$	213.5	$	79.3

	Nine Month Period Ended
(in thousands)	September 30, 2024		September 30, 2023
Lease costs
Operating lease costs	$	172.5	$	134.6
Short-term lease costs		234.4		110.1
Total lease costs	$	406.9	$	244.7

Future Minimum Payments under Non-cancelable Leases for Operating Leases

Future minimum payments under non-cancellable leases for operating leases for the remaining terms of the leases following September 30, 2024 were as follows:

(in thousands)
2024 (remainder of)	$	250.8
2025		915.3
2026		782.6
2027		771.2
2028		577.1
Thereafter		87.9
Total future minimum lease payments		3,384.9
Amount representing interest		475.8
Present value of net future minimum lease payments	$	2,909.1