Leases

9 Months Ended

Sep. 30, 2020

Leases

Leases

NOTE 5 – LEASES

The Company leases certain office space, retail stores, distribution centers and equipment under long-term, non-cancelable operating leases.  The following table summarizes Total lease cost for the three and nine months ended September 30, 2020 and 2019, which were primarily included in “Selling, general and administrative expenses” on the accompanying Condensed Consolidated Statements of Income (in thousands):

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Operating lease cost	$	84,065	$	80,767	$	250,721	$	239,672
Short-term operating lease cost		1,617		1,103		4,342		4,707
Variable operating lease cost		20,630		19,538		61,739		56,801
Sublease income		(1,235)		(1,062)		(3,597)		(2,995)
Total lease cost	$	105,077	$	100,346	$	313,205	$	298,185

The following table summarizes other lease related information for the nine months ended September 30, 2020:

	For the Nine Months Ended
	September 30,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows from operating leases	$	249,584	$	237,055
Right-of-use assets obtained in exchange for new operating lease liabilities		176,714		153,046