LEASES (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents the weighted average remaining lease term and discount rate:


	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (years)
Operating leases	2.9		4.5
Finance leases	2.0		N/A
Weighted-average discount rate
Operating leases	4.7	%	5.0	%
Finance leases	2.8	%	N/A

The following table presents the maturities of operating and finance lease liabilities as of June 30, 2026 (in thousands):


	Operating Leases		Finance Leases
2026 (remaining)	$	36,171	$	21,354
2027	33,709		12,542
2028	20,325		7,471
2029	12,030		4,513
2030	3,680		5,083
Thereafter	5,602		—
Total undiscounted lease payments	$	111,517	$	50,963
Less: Imputed interest	(7,879)		(2,676)
Present value of lease liabilities	$	103,638	$	48,287

The following table presents the maturities of operating and finance lease liabilities as of June 30, 2026 (in thousands):


	Operating Leases		Finance Leases
2026 (remaining)	$	36,171	$	21,354
2027	33,709		12,542
2028	20,325		7,471
2029	12,030		4,513
2030	3,680		5,083
Thereafter	5,602		—
Total undiscounted lease payments	$	111,517	$	50,963
Less: Imputed interest	(7,879)		(2,676)
Present value of lease liabilities	$	103,638	$	48,287

The following table presents supplemental disclosures for the consolidated statements of cash flows (in thousands):


	Six Months Ended June 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	22,402	$	8,758
Operating cash flows for finance leases	619		N/A
Financing cash flows for finance leases	6,838		N/A

Right-of-use assets obtained in exchange for new lease liabilities
Operating leases	$	9,890	$	2,542
Finance leases	—		N/A

The following table presents the classification of lease cost components (in thousands):


		Three Months Ended June 30,				Six Months Ended June 30,
	Financial Statement Classification	2026		2025		2026		2025
Operating lease cost	Rent and purchased transportation	$	13,524	$	4,478	$	24,630	$	8,980
Short-term lease cost	Rent and purchased transportation	4,353		2,168		7,758		4,280
Variable lease cost	Rent and purchased transportation	—		—		—		—
Finance lease cost
Amortization of right-of-use assets	Depreciation and amortization	2,585		N/A		4,203		N/A
Interest on lease liabilities	Interest Expense	356		N/A		619		N/A
Total lease cost		$	20,818	$	6,646	$	37,210	$	13,260

The following table presents information about the maturities of these operating leases as of June 30, 2026 (in thousands):