LEASES

9 Months Ended

Sep. 30, 2024

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, 2024 and 2023, 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,
	2024		2023		2024		2023
Operating lease cost	$	107,146	$	100,559	$	315,741	$	296,624
Short-term operating lease cost		1,965		1,708		6,375		7,213
Variable operating lease cost		29,386		25,696		84,565		75,257
Sublease income		(1,315)		(1,143)		(3,681)		(3,632)
Total lease cost	$	137,182	$	126,820	$	403,000	$	375,462

The following table summarizes other lease-related information for the nine months ended September 30, 2024 and 2023:

		For the Nine Months Ended
		September 30,
		2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities:
	Operating cash flows from operating leases	$	309,572	$	291,033
Right-of-use assets obtained in exchange for new operating lease liabilities			291,486		324,893