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LEASES
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2024 and 2023 were as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Operating lease expenses(1):
Fixed lease expense$4,276 $4,256 $12,804 $12,662 
Variable lease expense1,628 1,444 4,646 4,194 
Total$5,904 $5,700 $17,450 $16,856 
(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 nine months ended September 30, 2024 and 2023 were as follows (in thousands):
Nine Months Ended
September 30,
2024
2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$14,280 $14,279 
Nine Months Ended
September 30,
2024
2023
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$479 $5,582 
The aggregate future lease payments for operating leases as of September 30, 2024 were as follows (in thousands):
 Operating
2024 (excluding the nine months ended September 30, 2024)
$4,825 
202519,050 
202618,671 
202714,432 
202812,957 
20296,819 
Thereafter12,313 
Total lease payments89,067 
Less: Interest(14,155)
Present value of lease payments$74,912 
Average lease terms and discount rates were as follows:
 September 30, 2024
Operating leases:
Weighted-average remaining lease term (years)5.4
Weighted-average discount rate6.4 %