XML 27 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Leases
6 Months Ended
Jun. 30, 2020
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 six months ended June 30, 2020 and 2019, 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 Six Months Ended

​

​

June 30, 

​

June 30, 

​

    

2020

​

2019

    

2020

​

2019

Operating lease cost

​

$

83,461

​

$

80,091

​

$

166,656

​

$

158,905

Short-term operating lease cost

​

 

941

​

 

1,546

​

 

2,725

​

 

3,604

Variable operating lease cost

​

 

20,776

​

 

18,885

​

 

41,109

​

 

37,263

Sublease income

​

 

(1,187)

​

 

(976)

​

 

(2,362)

​

 

(1,933)

Total lease cost

​

$

103,991

​

$

99,546

​

$

208,128

​

$

197,839

​

The following table summarizes other lease related information for the six months ended June 30, 2020:

​

​

​

​

​

​

​

​

​

    

For the Six Months Ended

​

​

June 30, 

​

​

2020

​

2019

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

 

​

  

​

​

​

Operating cash flows from operating leases

​

$

165,665

​

$

157,372

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

​

​

125,160

​

​

79,018

​

​

​