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Leases (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Rights-of-use Assets and Operating Lease Liabilities

Amounts reported in the consolidated balance sheet were:


	December 31, 2019
	(in thousands)
Assets:
Right-of-use assets	$	182,228
Liabilities:
Current operating lease liabilities	$	48,585
Long-term operating lease liabilities	140,148
Total operating lease liabilities	$	188,733

Schedule of Lease Costs and Other Information

Lease-related costs, reported within ‘Cost of sales’ and ‘Selling, general and administrative expenses’, were:


	Year Ended December 31, 2019
	(in thousands)
Operating lease cost	$	60,142
Short-term lease cost	3,771
Variable lease cost	16,936
Total lease costs	$	80,849

Other information related to leases, including supplemental cash flow information, consists of:


	Year Ended December 31, 2019
	(in thousands)
Cash paid for operating leases	$	63,241
Right-of-use assets obtained in exchange for operating lease liabilities ⁽¹⁾	233,437

⁽¹⁾ Includes $176.1 million for operating leases existing on January 1, 2019 and a net $57.3 million for operating leases that commenced or were modified in the year ended December 31, 2019.


	As of December 31, 2019
Weighted average remaining lease term (in years)	5.9
Weighted average discount rate	4.8	%

Schedule of Maturities of Operating Lease Liabilities

The maturities of our operating lease liabilities were:


	As of December 31, 2019
	(in thousands)
2020	$	52,434
2021	47,607
2022	33,138
2023	23,943
2024	14,228
Thereafter	48,996
Total future minimum lease payments	220,346
Less: imputed interest	(31,613)
Total operating lease liabilities	$	188,733

Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating leases were:


	As of December 31, 2018
	(in thousands)
2019	$	42,455
2020	36,299
2021	29,714
2022	20,721
2023	15,334
Thereafter	54,149
Total minimum lease payments ⁽¹⁾	$	198,672

⁽¹⁾ Includes future minimum lease payments of $25.4 million related to the new distribution center in Dayton, Ohio.

Schedule of Rent Expense based on Guidance Previously in Effect

Rent expense for operating leases was:


	Year Ended December 31,
	2018		2017
	(in thousands)
Minimum rentals⁽¹⁾	$	66,049	$	78,779
Contingent rentals	14,297		14,294
Total rent expense	$	80,346	$	93,073

⁽¹⁾ Minimum rentals include all lease payments as well as fixed and variable common area maintenance, parking, and storage fees, which were approximately $9.3 million and $10.0 million for the years ended December 31, 2018 and 2017, respectively.