| LEASES |
NOTE 9 — LEASES The table below summarizes the right-of-use assets and lease liabilities in the Company’s Condensed Consolidated Balance Sheets: | | | | | | | | | Operating Leases | | Balance Sheet Classification | | September 30, 2026 | | December 31, 2025 | Right-of-use assets | | Other assets | | $ | 57,664 | | $ | 52,989 | | | | | | | | | | Current liabilities | | Other current liabilities | | $ | 14,479 | | $ | 13,460 | Noncurrent liabilities | | Other liabilities | | | 43,502 | | | 40,061 | Total lease liabilities | | | | $ | 57,981 | | $ | 53,521 |
The total future minimum lease payments for noncancelable operating leases were as follows: | | | | | | September 30, 2026 | 2026 | | $ | 5,859 | 2027 | | | 15,876 | 2028 | | | 14,004 | 2029 | | | 9,406 | 2030 | | | 5,212 | After 2030 | | | 16,482 | Total lease payments | | $ | 66,839 | Less: Imputed interest | | | 8,858 | Operating lease liabilities | | $ | 57,981 |
As of September 30, 2026 the weighted average remaining lease term is 6.1 years and the weighted average discount rate used to determine the operating lease liability is 3.9%. Other information related to leases was as follows: | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | September 30, | | September 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Lease expense (1) | | $ | 5,726 | | $ | 7,964 | | $ | 20,467 | | $ | 20,298 | | Cash paid for amounts included in the measurement of lease liabilities (2) | | | 4,427 | | | 4,340 | | | 13,406 | | | 10,882 | | Right-of-use assets obtained in exchange for operating lease liabilities | | | 9,870 | | | 6,981 | | | 15,940 | | | 11,634 | |
| (1) | Amounts are included in Costs of goods sold and Selling, general & administrative expenses in the Company’s Consolidated Statement of Income. |
| (2) | Amounts are included in Net Cash Provided by Operating Activities in the Company’s Consolidated Statement of Cash Flows. |
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