LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Additional Lease Information

Total operating lease costs were as follows (in thousands):


		Three Months Ended September 30,				Nine Months Ended September 30,
	Classification	2024		2023		2024		2023
Operating lease costs	Selling, general and administrative expense	$	1,997	$	1,789	$	5,780	$	5,141
Operating lease costs	Cost of sales	69		$	—	205		—
Variable lease costs	Selling, general and administrative expense	437		343		1,255		936
Variable lease costs	Cost of sales	34		—		102		—
Sublease income	Selling, general and administrative expense	(52)		—		(88)		—
Total lease costs		$	2,485	$	2,132	$	7,254	$	6,077

The weighted-average remaining lease term and weighted-average discount rate on long-term leases was as follows:


	Nine Months Ended September 30,
	2024		2023
Weighted-average remaining lease term - operating leases	6.6 years		7.3 years
Weighted-average discount rate - operating leases	5.9	%	5.5	%

Schedule of Future Minimum Lease Payments Under Long-term Non-cancelable Operating Leases

The maturity analysis of the operating lease liabilities as of September 30, 2024 was as follows (in thousands):


	Amount
For the remainder of the year ending December 31, 2024	$	1,522
Years ending December 31,
2025	9,031
2026	8,844
2027	7,511
2028	6,532
2029	5,710
Thereafter	13,263
Total minimum lease payments(1)	52,413
Less: imputed interest	(9,427)
Net present value of operating lease liabilities	42,986
Less: current portion	(5,930)
Long-term portion	$	37,056

(1) Future minimum lease payments exclude $1.6 million of future payments required under a signed lease agreement that has not yet commenced. The operating lease will commence after September 30, 2024 with a lease term of five years.