LEASES (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Leases [Abstract] |
|
| Summary of ROU Assets and Lease Liabilities |
The following is a summary of the Company’s ROU assets and lease liabilities at December 31:
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
2023 |
2022 |
|
|
| Operating Leases: |
|
|
|
|
| Operating Right-of-Use Assets, Gross |
$ |
43,528 |
|
$ |
29,466 |
|
|
|
| Less Accumulated Right-of-Use Asset Impairment |
53 |
|
1,710 |
|
|
|
| Less Accumulated Amortization |
15,566 |
|
14,728 |
|
|
|
| Operating Right-of-Use Assets, Net |
$ |
27,909 |
|
$ |
13,028 |
|
|
|
| Short-term Operating Lease Liabilities |
$ |
5,069 |
|
$ |
4,441 |
|
|
|
| Long-term Operating Lease Liabilities |
24,376 |
|
9,942 |
|
|
|
| Operating Lease Liabilities |
$ |
29,445 |
|
$ |
14,383 |
|
|
|
|
|
|
|
|
| Finance Leases: |
|
|
|
|
| Finance Right-of-Use Assets, Gross |
$ |
274 |
|
$ |
231 |
|
|
|
| Less Accumulated Amortization |
80 |
|
138 |
|
|
|
| Finance Right-of-Use Assets, Net — Included in Other Assets |
$ |
194 |
|
$ |
93 |
|
|
|
Short-term Finance Lease Liabilities — Included in Other Accrued Expenses |
$ |
97 |
|
$ |
29 |
|
|
|
| Long-term Finance Lease Liabilities — Included in Other Liabilities |
104 |
|
67 |
|
|
|
| Finance Lease Liabilities |
$ |
201 |
|
$ |
96 |
|
|
|
|
| Summary of Lease Costs and Cash Paid |
The following is a summary of the Company’s total lease costs as of December 31:
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
2023 |
2022 |
| Finance Lease Cost: |
|
|
|
| Amortization of ROU Assets |
|
$ |
54 |
|
$ |
94 |
|
| Interest on Lease Liabilities |
|
9 |
|
4 |
|
| Total Finance Lease Cost |
|
63 |
|
98 |
|
| Operating Lease Cost |
|
6,352 |
|
6,627 |
|
| Impairment Charge of Operating Lease ROU Asset |
|
53 |
|
— |
|
| Variable Lease Cost |
|
2,240 |
|
1,757 |
|
| Short-term Lease Cost (excluding month-to-month) |
|
251 |
|
602 |
|
| Less Sublease and Rental Income |
|
(548) |
|
(1,329) |
|
| Total Operating Lease Cost |
|
8,348 |
|
7,657 |
|
| Total Net Lease Cost |
|
$ |
8,411 |
|
$ |
7,755 |
|
The following is a summary of cash paid for amounts included in the measurement of lease liabilities as of December 31:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
2023 |
2022 |
|
|
| Operating Cash Flow for Finance Leases |
|
$ |
9 |
|
$ |
4 |
|
|
|
| Operating Cash Flow for Operating Leases |
|
$ |
6,180 |
|
$ |
7,873 |
|
|
|
| Financing Cash Flow for Finance Leases |
|
$ |
47 |
|
$ |
93 |
|
|
|
|
| Summary of Maturity of Lease Liabilities, Operating Leases |
The following is a summary of the Company’s maturity of lease liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
Operating Leases |
|
Financing Leases |
| 2024 |
|
$ |
6,511 |
|
|
$ |
122 |
|
| 2025 |
|
5,728 |
|
|
62 |
|
| 2026 |
|
4,303 |
|
|
20 |
|
| 2027 |
|
3,579 |
|
|
7 |
|
| 2028 |
|
3,404 |
|
|
— |
|
| Thereafter |
|
13,183 |
|
|
— |
|
| Total Lease Payments |
|
36,708 |
|
|
211 |
|
| Less: Interest |
|
7,263 |
|
|
10 |
|
| Total Lease Liability |
|
$ |
29,445 |
|
|
$ |
201 |
|
|
| Summary of Maturity of Lease Liabilities, Financing Leases |
The following is a summary of the Company’s maturity of lease liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
Operating Leases |
|
Financing Leases |
| 2024 |
|
$ |
6,511 |
|
|
$ |
122 |
|
| 2025 |
|
5,728 |
|
|
62 |
|
| 2026 |
|
4,303 |
|
|
20 |
|
| 2027 |
|
3,579 |
|
|
7 |
|
| 2028 |
|
3,404 |
|
|
— |
|
| Thereafter |
|
13,183 |
|
|
— |
|
| Total Lease Payments |
|
36,708 |
|
|
211 |
|
| Less: Interest |
|
7,263 |
|
|
10 |
|
| Total Lease Liability |
|
$ |
29,445 |
|
|
$ |
201 |
|
|