LEASES

3 Months Ended

Mar. 31, 2022

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, 2022 and 2021, 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,
	2022		2021
Operating lease cost	$	89,709	$	87,219
Short-term operating lease cost		2,777		1,933
Variable operating lease cost		23,457		21,944
Sublease income		(1,145)		(1,198)
Total lease cost	$	114,798	$	109,898

The following table summarizes other lease-related information for the three months ended March 31, 2022 and 2021:

		For the Three Months Ended
		March 31,
		2022		2021
Cash paid for amounts included in the measurement of operating lease liabilities:
	Operating cash flows from operating leases	$	89,829	$	84,415
Right-of-use assets obtained in exchange for new operating lease liabilities			63,934		110,567