LEASES (Tables)

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Schedule Of Operating Lease Liabilities

Lease balances are as follows (in thousands):


		March 31, 2026				December 31, 2025
Operating lease right-of-use assets (“ROU”)		$	23,468			$	22,696

Current portion of operating lease liabilities (1)			2,571				2,344
Long-term portion of operating lease liabilities			24,789				20,887
Total operating lease liabilities		$	27,360			$	23,231

The current portion of operating lease liabilities is reflected within Accrued liabilities on the condensed consolidated balance sheets.

Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating leases as of March 31, 2026 are as follows (in thousands):


		Operating Leases
2026		$	4,989
2027			4,919
2028			5,391
2029			6,595
2030			6,701
Thereafter			39,664
Total minimum lease payments			68,259
Less: lease incentives			(14,689	)
Less: amounts representing interest or imputed interest			(26,210	)
Present value of lease obligations		$	27,360

Supplemental Cash Flow Information Relating to the Company's Leases

Supplemental cash flow information relating to the Company’s leases is as follows (in thousands):


		Three Months Ended March 31,
		2026				2025
Operating cash flows provided by (used in) operating leases		$	814			$	(1,095	)
Non-cash items:
Change to ROU asset and lease liability due to lease modifications and reassessments			2,740				—
ROU assets recorded under new operating leases			726				—

Schedule Of Weighted Average Remaining Lease Term and Discount Rates

The weighted average remaining lease term and discount rates for operating leases are as follows:


		Three Months Ended March 31,
		2026				2025
Weighted average remaining lease term		9.1 years				4.8 years
Weighted average discount rate			10.0	%			10.0	%