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LEASES
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 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

For the Nine Months Ended

September 30, 

September 30, 

    

2022

2021

    

2022

2021

Operating lease cost

$

92,677

$

87,601

$

273,475

$

262,183

Short-term operating lease cost

 

2,594

 

1,803

 

7,710

 

5,397

Variable operating lease cost

 

23,547

 

22,436

 

70,650

 

67,025

Sublease income

 

(1,553)

 

(1,177)

 

(3,975)

 

(3,560)

Total lease cost

$

117,265

$

110,663

$

347,860

$

331,045

The following table summarizes other lease-related information for the nine months ended September 30, 2022 and 2021:

    

For the Nine Months Ended

September 30, 

2022

2021

Cash paid for amounts included in the measurement of operating lease liabilities:

 

  

Operating cash flows from operating leases

$

272,620

$

256,282

Right-of-use assets obtained in exchange for new operating lease liabilities

341,272

216,825