LEASES

9 Months Ended

Sep. 30, 2023

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, 2023 and 2022, 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,
	2023		2022		2023		2022
Operating lease cost	$	100,559	$	92,677	$	296,624	$	273,475
Short-term operating lease cost		1,708		2,594		7,213		7,710
Variable operating lease cost		25,696		23,547		75,257		70,650
Sublease income		(1,143)		(1,553)		(3,632)		(3,975)
Total lease cost	$	126,820	$	117,265	$	375,462	$	347,860

The following table summarizes other lease-related information for the nine months ended September 30, 2023 and 2022:

		For the Nine Months Ended
		September 30,
		2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities:
	Operating cash flows from operating leases	$	291,033	$	272,620
Right-of-use assets obtained in exchange for new operating lease liabilities			324,893		341,272