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LEASES (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information

Information regarding lease expense, remaining lease term, discount rate, and other select lease information are presented below (dollars in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
Lease Costs			2025						2024(1)						2025						2024(1)
Operating lease expense			$	23,487					$	23,167					$	45,113					$	48,804
Short-term lease expense			672						1,521						2,199						2,683
Right-of-use asset impairments(2)			—						3,626						6,259						3,626
Total lease expense(3)			$	24,159					$	28,314					$	53,571					$	55,113

___________________________ 

(1) The three and six months ended June 30, 2024 have been adjusted to conform to current year presentation.

(2) During the six months ended June 30, 2025, we recognized a $6.3 million impairment charge related to our Kansas City regional center lease which is included in All Other and Corporate. The impairment resulted from the execution of a sublease agreement on a portion of the facility. The impairment was determined by comparing the discounted cash flows of the head lease and sublease rental payments. All other impairment charges were associated with restructuring initiatives. Refer to Note 13, Restructuring, for further discussion related to our restructuring programs.

(3) Total lease expense is included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

			Six Months Ended June 30,
Other Lease Information			2025						2024
Operating cash flows from operating leases			$	52,251					$	48,649
Right-of-use lease assets obtained in exchange for new lease liabilities			19,975						46,526

Lease Term and Discount Rate			As of June 30, 2025						As of December 31, 2024
Weighted average remaining lease term (in years)			5.2						5.5
Weighted average discount rate			4.5		%				4.3		%

Schedule of Maturity of Lease Liabilities

The maturities of lease liabilities as of June 30, 2025, were as follows (in thousands):

Maturity of Lease Liabilities						Operating Leases
Remaining 2025						$	39,710
2026						89,478
2027						72,529
2028						57,032
2029						43,581
Thereafter						76,792
Total lease payments						379,122
Less: Interest						(41,632)
Present value of lease liabilities						$	337,490

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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