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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES

Summary of components of lease expense

​

​	​	​	​	​	​	​
​	​	Year Ended
​	​	December 31, 2023			December 31, 2022
Operating lease expense	​	$	9,350	​	$	9,085
Finance lease amortization of assets	​	​	679	​	​	48
Finance lease interest on lease liabilities	​	​	296	​	​	11
Short-term lease expense	​		319	​		156
Variable lease expense	​		1,180	​		573
Total lease expense	​	$	11,824	​	$	9,873

Schedule of supplemental lease information

Operating and finance lease right of use assets and lease-related liabilities as of December 31, 2023 and 2022 were as follows (in thousands):

​

​	​	​	​	​	​	​	​	​
​	​	December 31, 2023		​	December 31, 2022		​	Classification
​	​	​	​	​	​	​	​	​
Lease right-of-use assets:	​	​	​	​	​	​	​	​
Operating leases	​	$	30,788	​	$	38,308	​	Operating lease right-of-use assets
Finance leases	​	​	3,912	​	​	316	​	Other assets
Total lease right-of-use assets	​	$	34,700	​	$	38,624	​	​
​	​	​	​	​	​	​	​	​
Lease-related liabilities	​	​	​	​	​	​	​	​
Current	​	​	​	​	​	​	​	​
Operating leases	​	$	7,133	​	$	6,923	​	Current operating lease liabilities
Finance leases	​	​	746	​	​	105	​	Accrued expenses and other current liabilities
Non-current	​	​	​	​	​	​	​	​
Operating leases	​	​	24,787	​	​	32,391	​	Non-current operating lease liabilities
Finance leases	​	​	3,285	​	​	193	​	Other long-term liabilities
Total lease liabilities	​	$	35,951	​	$	39,612	​	​

​

​

The table below presents supplemental information related to leases as of December 31, 2023 and 2022:

​

​	​	​	​	​	​	​	​	​
​		December 31, 2023			​	December 31, 2022
Weighted-average remaining lease term (years)	​	​	​	​	​	​	​	​
Finance leases	​	​	5.2	​	​	​	2.8	​
Operating leases	​	​	5.7	​	​	​	6.5	​
Weighted-average discount rate	​	​	​	​	​	​	​	​
Finance leases	​	​	8.2	%	​	​	5.4	%
Operating leases	​	​	5.1	%	​	​	4.9	%

​

The table below presents supplemental information related to the cash flows for operating leases recorded on the consolidated statements of cash flows (in thousands):

​

​	​	​	​	​	​	​	​
​	​	​	Year Ended
​		​	December 31, 2023			December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:	​	​	​	​	​	​	​
Operating cash flows for operating leases	​	​	$	7,551	​	$	6,920

Summary of maturities of operating lease liabilities

​

​	​	​	​	​	​	​	​	​	​
​		Operating Leases		​	Finance Leases		​	Total
2024	​	$	8,542	​	$	1,049	​	$	9,591
2025	​	​	7,410	​	​	995	​	​	8,405
2026	​	​	5,880	​	​	899	​	​	6,779
2027	​	​	4,141	​	​	823	​	​	4,964
2028	​	​	3,137	​	​	811	​	​	3,948
Thereafter	​	​	7,660	​	​	377	​	​	8,037
Total lease payments	​	​	36,770	​	​	4,954	​	​	41,724
Less: Interest	​	​	(4,850)	​	​	(923)	​	​	(5,773)
Present value of lease liability	​	$	31,920	​	$	4,031	​	$	35,951

X

- Definition

Tabular disclosure of supplemental lease information including weighted-average lease term, weighted average discount rate, and miscellaneous financial statement information.

+ References

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- 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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- 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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