LEASES (Tables)

9 Months Ended

Sep. 30, 2026

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Operating lease expenses(1):
Fixed lease expense	$	6,309	$	4,326	$	16,274	$	12,902
Variable lease expense	1,586		1,600		5,130		5,165
Total	$	7,895	$	5,926	$	21,404	$	18,067

(1) Expenses are recorded within distribution expenses and selling, general and administrative expenses on the unaudited condensed consolidated statement of operations.

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information for lease related liabilities and assets for the nine months ended September 30, 2026 and 2025 were as follows (in thousands):


	Nine Months Ended September 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	16,932	$	14,636


	Nine Months Ended September 30,
	2026		2025
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	54,885	$	754

Schedule of Future Lease Payments

The aggregate future lease payments for operating leases as of September 30, 2026 were as follows (in thousands):


	Operating
2026 (excluding the nine months ended September 30, 2026)	$	5,768
2027	20,296
2028	18,415
2029	13,960
2030	13,131
2031	11,469
Thereafter	97,389
Total lease payments	180,428
Less: Interest	(72,926)
Present value of lease payments	$	107,502

Schedule of Average Lease Terms and Discount Rates

Average lease terms and discount rates were as follows:


	September 30, 2026
Operating leases:
Weighted-average remaining lease term (years)	10.2
Weighted-average discount rate	9.1	%