LEASES (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of right-of-use lease assets and lease liabilities

The Company’s right-of-use lease assets and lease liabilities at June 30, 2026 and December 31, 2025 were as follows (in thousands):


				June 30,			December 31,
		Classification		2026			2025
Assets:
Operating lease assets		Operating lease right-of-use assets		$	41,895		$	46,240

Liabilities:
Current Operating		Operating lease liabilities		$	11,655		$	11,699
Non-Current Operating		Operating lease liabilities, net of current			56,000			60,159
Total Operating lease liabilities				$	67,655		$	71,858

Schedule of components of lease expense

The components of lease expense for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):


		Three months ended						Six months ended
		June 30,			June 30,			June 30,			June 30,
		2026			2025			2026			2025
Operating lease cost*		$	3,669		$	3,597		$	7,359		$	6,822
Short-term lease cost			3,533			3,553			7,104			7,080
Variable lease costs (costs excluded from minimum fixed lease payments)**			1,483			867			2,997			1,739
Sublease income			(46)			(96)			(112)			(216)
Net lease cost		$	8,639		$	7,921		$	17,348		$	15,425

*	No accelerated amortization was recorded in the three and six months ended June 30, 2026 or 2025.

**	No variable lease costs were expensed in the three and six months ended June 30, 2026 or 2025 for future estimated variable expenses related to certain assets partially or fully vacated with no intent or ability to sublease.

Other information related to the Company’s leases as of June 30, 2026 and December 31, 2025 was as follows (in thousands):


		June 30,		December 31,
		2026		2025
Weighted average remaining lease term (years):
Operating leases		6.77		6.91
Weighted average discount rate:
Operating leases		9.59	%	9.50	%

Schedule of future minimum fixed lease payments under noncancelable leases

Future minimum fixed lease payments under noncancelable leases at June 30, 2026 were as follows (in thousands):


		Operating
		leases
Remainder of 2026		$	8,914
2027			16,892
2028			14,210
2029			11,844
2030			8,752
2031 and beyond			33,380
Total lease payments			93,992
Less: interest			(26,337)
Present value of lease liabilities		$	67,655