LEASES

3 Months Ended

Mar. 31, 2021

Leases

Leases

NOTE 4 – 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 months ended March 31, 2021 and 2020, 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
	March 31,
	2021		2020
Operating lease cost	$	87,219	$	83,195
Short-term operating lease cost		1,933		1,784
Variable operating lease cost		21,944		20,333
Sublease income		(1,198)		(1,175)
Total lease cost	$	109,898	$	104,137

The following table summarizes other lease related information for the three months ended March 31, 2021:

		For the Three Months Ended
		March 31,
		2021		2020
Cash paid for amounts included in the measurement of operating lease liabilities:
	Operating cash flows from operating leases	$	84,415	$	82,607
Right-of-use assets obtained in exchange for new operating lease liabilities			110,567		71,131