Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease costs

Supplemental balance sheet information related to leases was as follows:

	Three months ended September 30, 2020	Three months ended September 30, 2019
Weighted average remaining lease term (in years)	9.24	6.96
Weighted average discount rate	3.82	4.29

Supplemental cash flow and other information related to leases was as follows:

	Three months ended September 30,				Nine months ended September 30,
(In thousands)	2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	37,810	$	32,331	$	113,784	$	83,183
Leased assets obtained in exchange for new operating lease liabilities	$	11,018	$	17,732	$	393,850	$	47,832

Operating lease liability maturity

Maturities of lease liabilities are as follows:

(In thousands)
2020	$	51,619
2021	184,576
2022	161,460
2023	143,281
2024	124,598
2025 and thereafter	564,996
Total lease payments	$	1,230,530
Less: Interest	200,854
Total present value of lease liabilities (1)	$	1,029,676

(1) Amounts above reflect lease liabilities associated with the Company's New York City flagship store lease, which commenced on March 1, 2020. Refer to Note 3 for discussion of the impairment of the associated ROU lease asset.