LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES

Summary of components of lease expense

The components of lease expense were as follows (in thousands):

	Year ended
	December 31, 2023		December 31, 2022		December 31, 2021
Operating lease cost:
Operating lease cost	$	23,232	$	24,531	$	20,386
Short-term lease cost		2,866		2,575		2,402
Variable lease cost		4,896		3,186		3,874
Total operating lease cost	$	30,994	$	30,292	$	26,662
Finance lease cost:
Amortization of right-of-use asset	$	2,930	$	3,060	$	2,561
Variable costs		814		838		792
Interest costs		372		381		—
Total finance lease cost	$	4,116	$	4,279	$	3,353

Summary of weighted-average remaining lease term and discount rate

	December 31, 2023		December 31, 2022
Weighted-average remaining lease term
Operating leases		13.3 years		12.4 years
Financing leases		9.2 years		9.3 years
Weighted-average discount rate
Operating leases		6.3%		6.0%
Financing leases		6.6%		6.7%

Summary of maturities of operating lease liabilities

Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands):

	Operating Leases		Financing Leases
2024		18,048		2,030
2025		16,022		1,488
2026		11,755		601
2027		9,327		534
2028		7,807		505
Thereafter		80,637		2,145
Total lease payments		143,596		7,303
Less imputed interest		(57,133)		(1,662)
Total	$	86,463	$	5,641

Maturities of lease liabilities as of December 31, 2022 were as follows (in thousands):

	Operating Leases		Financing Leases
2023	$	19,417	$	1,403
2024		17,836		1,342
2025		14,805		978
2026		10,505		504
2027		8,096		495
Thereafter		76,452		2,651
Total lease payments		147,111		7,373
Less imputed interest		(53,794)		(1,914)
Total	$	93,317	$	5,459

Summary of maturities of finance lease liabilities

Maturities of lease liabilities as of December 31, 2023 were as follows (in thousands):

	Operating Leases		Financing Leases
2024		18,048		2,030
2025		16,022		1,488
2026		11,755		601
2027		9,327		534
2028		7,807		505
Thereafter		80,637		2,145
Total lease payments		143,596		7,303
Less imputed interest		(57,133)		(1,662)
Total	$	86,463	$	5,641

Maturities of lease liabilities as of December 31, 2022 were as follows (in thousands):

	Operating Leases		Financing Leases
2023	$	19,417	$	1,403
2024		17,836		1,342
2025		14,805		978
2026		10,505		504
2027		8,096		495
Thereafter		76,452		2,651
Total lease payments		147,111		7,373
Less imputed interest		(53,794)		(1,914)
Total	$	93,317	$	5,459

Schedule of maturities of future undiscounted lease payments

2024	$	7,039
2025		6,760
2026		6,398
2027		5,212
2028		4,865
Thereafter		12,510
Total future lease payments	$	42,784