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LEASES
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES LEASES
Right-of-Use Assets and Operating Lease Liabilities

Amounts reported in the condensed consolidated balance sheets were:
March 31, 2024December 31, 2023
(in thousands)
Assets:
Right-of-use assets$280,182 $287,440 
Liabilities:
Current operating lease liabilities$62,757 $62,267 
Long-term operating lease liabilities267,785 269,769 
Total operating lease liabilities$330,542 $332,036 

Lease Costs and Other Information

Lease-related costs reported within ‘Cost of sales’ and ‘Selling, general and administrative expenses’ in our condensed consolidated statements of income were:
Three Months Ended March 31,
20242023
(in thousands)
Operating lease cost $20,244 $18,199 
Short-term lease cost4,798 3,042 
Variable lease cost7,363 5,548 
Total lease costs$32,405 $26,789 

The weighted average remaining lease term and discount rate related to our lease liabilities as of March 31, 2024 were 6.9 years and 6.2%, respectively. As of March 31, 2023, the weighted average remaining lease term and discount rate related to our lease liabilities were 6.7 years and 4.0%, respectively.

We impaired our right-of-use assets for our former HEYDUDE Brand warehouses in Las Vegas, Nevada and our former Crocs Brand warehouse in Oudenbosch, the Netherlands, as described in Note 5 — Fair Value Measurements.
Maturities

The maturities of our operating lease liabilities were:
As of
March 31, 2024
(in thousands)
2024 (remainder of year)$54,494 
202567,206 
202656,163 
202749,104 
202840,932 
Thereafter142,287 
Total future minimum lease payments410,186 
Less: imputed interest(79,644)
Total operating lease liabilities$330,542