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LEASES
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
LEASES LEASES
Right-of-Use Assets and Operating Lease Liabilities

Amounts reported in the condensed consolidated balance sheets were:
June 30, 2024December 31, 2023
(in thousands)
Assets:
Right-of-use assets$292,089 $287,440 
Liabilities:
Current operating lease liabilities$63,918 $62,267 
Long-term operating lease liabilities277,112 269,769 
Total operating lease liabilities$341,030 $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 June 30,Six Months Ended June 30,
2024202320242023
(in thousands)
Operating lease cost $20,409 $18,393 $40,654 $36,592 
Short-term lease cost5,214 4,192 10,013 7,234 
Variable lease cost15,944 14,570 23,307 20,118 
Total lease costs$41,567 $37,155 $73,974 $63,944 

The weighted average remaining lease term and discount rate related to our lease liabilities as of June 30, 2024 were 6.6 years and 6.3%, respectively. As of June 30, 2023, the weighted average remaining lease term and discount rate related to our lease liabilities were 6.6 years and 4.1%, respectively.

During the six months ended June 30, 2024, 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
June 30, 2024
(in thousands)
2024 (remainder of year)$36,311 
202575,419 
202664,100 
202755,168 
202846,099 
Thereafter144,622 
Total future minimum lease payments421,719 
Less: imputed interest(80,689)
Total operating lease liabilities$341,030