LEASES

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

LEASES

LEASES

The Company has operating leases for corporate offices, distribution facilities, a manufacturing plant, and certain vehicles.

The components of lease expense for the three and nine months ended September 30, 2022 and 2021 were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Operating lease expenses(1):
Fixed lease expense	$	4,463	$	4,471	$	13,392	$	13,467
Variable lease expense	1,187		917		3,532		2,844
Total	$	5,650	$	5,388	$	16,924	$	16,311

(1) Expenses are recorded within distribution expenses and selling, general and administrative expenses on the unaudited condensed consolidated statement of operations.

Supplemental cash flow information for lease related liabilities and assets for the nine months ended September 30, 2022 and 2021 were as follows (in thousands):

	Nine Months Ended September 30,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	14,447	$	14,556

	Nine Months Ended September 30,
	2022		2021
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	2,477	$	1,307

The aggregate future lease payments for operating leases as of September 30, 2022 were as follows (in thousands):

	Operating
2022 (excluding the nine months ended September 30, 2022)	$	4,842
2023	18,879
2024	18,349
2025	17,766
2026	17,063
2027	12,980
Thereafter	22,595
Total lease payments	112,474
Less: Interest	(20,081)
Present value of lease payments	$	92,393

Average lease terms and discount rates were as follows:

	September 30, 2022
Operating leases:
Weighted-average remaining lease term (years)	6.5
Weighted-average discount rate	6.1	%