DXP ENTERPRISES INC Leases Disclosure
Twelve Months Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Operating lease costs | $ | 23,059 | $ | 21,210 | $ | 21,575 | |||||||||||
Finance lease costs: | |||||||||||||||||
Amortization of assets | 6,808 | 4,559 | 3,451 | ||||||||||||||
Interest on lease liabilities | 1,467 | 1,108 | 595 | ||||||||||||||
Total finance lease costs | 8,275 | 5,667 | 4,046 | ||||||||||||||
| Total operating and finance lease costs | $ | 31,334 | $ | 26,877 | $ | 25,621 | |||||||||||
December 31, | ||||||||||||||||||||
Balance Sheet Location | 2025 | 2024 | ||||||||||||||||||
Operating | Operating lease right of use assets, net | $ | 74,709 | $ | 46,569 | |||||||||||||||
Finance | Property and equipment, net | 20,106 | 15,829 | |||||||||||||||||
Total lease assets | $ | 94,815 | $ | 62,398 | ||||||||||||||||
Current operating | Short-term operating lease liabilities | 19,038 | 14,921 | |||||||||||||||||
Non-current operating | Long-term operating lease liabilities | 57,509 | 33,159 | |||||||||||||||||
Other current liabilities | 7,660 | 5,321 | ||||||||||||||||||
Other long-term liabilities | 13,223 | 11,055 | ||||||||||||||||||
| Total lease liabilities | $ | 97,430 | $ | 64,456 | ||||||||||||||||
Finance | Operating | ||||||||||
| 2026 | $ | 8,894 | $ | 24,481 | |||||||
| 2027 | 7,246 | 20,671 | |||||||||
| 2028 | 4,839 | 15,565 | |||||||||
| 2029 | 2,014 | 12,112 | |||||||||
| 2030 | 149 | 9,502 | |||||||||
| Thereafter | — | 10,569 | |||||||||
Total future lease payments | 23,142 | 92,900 | |||||||||
| Less: imputed interest | 2,259 | 16,353 | |||||||||
Total lease liability balance | $ | 20,883 | $ | 76,547 | |||||||
December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
Cash paid for operating leases | $ | 22,658 | $ | 20,886 | |||||||
Cash paid for finance leases | $ | 6,592 | $ | 4,216 | |||||||
Assets obtained in exchange for operating lease obligations, initial recognition | $ | 23,499 | $ | 4,551 | |||||||
Assets obtained in exchange for finance lease obligations | $ | 10,965 | $ | 8,441 | |||||||
Weighted-average remaining lease term - operating leases | 4.8 years | 3.9 years | |||||||||
Weighted-average remaining lease term - finance leases | 3.0 years | 3.2 years | |||||||||
Weighted average discount rate - operating leases | 8.3% | 8.1% | |||||||||
Weighted-average discount rate - finance leases | 7.5% | 8.5% | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Mar 10, 2025 | |
| 2023 | Mar 11, 2024 | |
| 2022 | Apr 17, 2023 | |
| 2021 | Apr 5, 2022 | |
| 2020 | Mar 18, 2021 | |
| 2019 | Mar 13, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.