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LEASES | 12 Months Ended
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Dec. 31, 2023
LEASES |
LEASES | 4. LEASES The Company leases identified assets consisting primarily of office and warehouse space, warehouse equipment and vehicles. Leases are classified as either finance leases or operating leases based on criteria in FASB ASC 842. The Company’s leases have remaining lease terms of less than one year to 10 years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year. The components of lease cost for the years ended December 31, 2023, 2022 and 2021 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
Operating lease cost |  | $ | 12,060 | ​ | $ | 8,641 |  | $ | 4,614
Short-term lease cost | ​ | ​ | 5,545 | ​ |  | 3,705 | ​ |  | 5,218
Variable lease cost | ​ | ​ | 861 | ​ |  | 773 | ​ |  | 710
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases: | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​
Amortization of right-of-use assets | ​ | ​ | 1,259 | ​ |  | 545 | ​ |  | 546
Interest on lease liabilities | ​ | ​ | 255 | ​ |  | 24 | ​ |  | 19
Finance lease cost | ​ | ​ | 1,514 | ​ |  | 569 | ​ |  | 565
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total lease cost | ​ | $ | 19,980 | ​ | $ | 13,688 | ​ | $ | 11,107
​ Supplemental cash flow information related to leases for the years ended December 31, 2023, 2022 and 2021 were as follows: ​
​ |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Operating cash flows from operating leases | ​ | $ | 10,634 | ​ | $ | 8,164 | ​ | $ | 4,123
Operating cash flows from finance leases | ​ |  | 255 | ​ |  | 24 | ​ |  | 19
Financing cash flows from finance leases | ​ |  | 6,346 | ​ |  | 2,091 | ​ |  | 2,698
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ROU assets obtained in exchange for lease obligations: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Finance leases | ​ |  | 12,010 | ​ |  | 1,897 | ​ |  | 2,878
Operating leases | ​ |  | 30,342 | ​ |  | 22,962 | ​ |  | 4,313
​ Supplemental balance sheet information related to leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | December 31, | ​ | December 31,
​ |  | Balance Sheet Location | ​ | 2023 |  | 2022
Operating leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets | ​ | Other assets | ​ | $ | 58,845 | ​ | $ | 38,012
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current lease liabilities | ​ | Accrued liabilities | ​ | $ | 11,088 | ​ | $ | 7,747
Noncurrent lease liabilities | ​ | Other liabilities | ​ | ​ | 48,459 | ​ | ​ | 29,586
Total operating lease liabilities | ​ | ​ | ​ | $ | 59,547 | ​ | $ | 37,333
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets | ​ | Property and equipment, net | ​ | $ | 11,147 | ​ | $ | 1,598
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current lease liabilities | ​ | Accrued liabilities | ​ | $ | 6,449 | ​ | $ | 757
Noncurrent lease liabilities | ​ | Other liabilities | ​ | ​ | 19 | ​ | ​ | 41
Total finance lease liabilities | ​ | ​ | ​ | $ | 6,468 | ​ | $ | 798
​ Weighted-average remaining lease term and weighted-average discount rate for the Company’s leases were as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31, | ​
​ |  | 2023 |  | 2022 |
Weighted-average remaining lease term in years: | ​ | ​ | ​ | ​ | ​
Operating leases |  | 6.3 |  | 6.7 | ​
Finance leases | ​ | 0.7 | ​ | 0.8 | ​
​ | ​ | ​ | ​ | ​ | ​
Weighted-average discount rate: | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 4.7 | % | 3.4 | %
Finance leases |  | 6.3 | % | 3.6 | %
​ The following table outlines maturities of the Company’s lease liabilities as of December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Undiscounted Future Lease Payments
​ | ​ | Operating Leases |  | Finance Leases
2024 | ​ | $ | 13,490 | ​ | $ | 6,601
2025 | ​ |  | 11,555 | ​ |  | 17
2026 | ​ |  | 9,522 | ​ |  | 2
2027 | ​ | ​ | 9,216 | ​ | ​ | —
2028 | ​ |  | 7,706 | ​ |  | —
2029 and thereafter | ​ | ​ | 17,822 | ​ | ​ | —
Total lease payments | ​ |  | 69,311 | ​ |  | 6,620
Less imputed interest | ​ |  | (9,764) | ​ |  | (152)
Total | ​ | $ | 59,547 | ​ | $ | 6,468
​ As of December 31, 2023, the Company did not have any significant leases that had not yet commenced.

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