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LEASES | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
LEASES | LEASES The Company has operating leases for corporate offices, distribution facilities, a manufacturing plant, and certain vehicles. The components of lease expense for the three months ended March 31, 2024 and 2023 were as follows (in thousands):
| Three Months Ended March 31, |  |  |  |
| 2024 |  | 2023 |  |  |  |  |  |
Operating lease expenses(1): |  |  |  |  |  |  |  |  |
Fixed lease expense | $ | 4,263 |  |  | $ | 4,174 |  |  |  |  |  |  |
Variable lease expense | 1,368 |  |  | 1,426 |  |  |  |  |  |  |
Total | $ | 5,631 |  |  | $ | 5,600 |  |  |  |  |  |  |
(1) Expenses are recorded within distribution expenses and selling, general and administrative expenses on the unaudited condensed consolidated statement of operations. Supplemental cash flow information for lease related liabilities and assets for the three months ended March 31, 2024 and 2023 were as follows (in thousands):
| Three Months Ended March 31,
| 2024 |  |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows for operating leases | $ | 4,718 |  |  |  | $ | 4,887 |
| Three Months Ended March 31,
| 2024 |  |  | 2023
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
Operating leases | $ | — |  |  |  | $ | 1,184 |
The aggregate future lease payments for operating leases as of March 31, 2024 were as follows (in thousands):
| Operating
2024 (excluding the three months ended March 31, 2024) | $ | 14,231 |
2025 | 18,721 |
2026 | 18,348 |
2027 | 14,219 |
2028 | 12,824 |
2029 | 6,678 |
Thereafter | 11,749 |
Total lease payments | 96,770 |
Less: Interest | (16,241) |
Present value of lease payments | $ | 80,529 |
Average lease terms and discount rates were as follows:
| March 31, 2024
Operating leases: |
Weighted-average remaining lease term (years) | 5.7
Weighted-average discount rate | 6.4 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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