Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Operating lease costs

Total operating lease costs by expense type:

	Three Months Ended				Six Months Ended
(in thousands)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Operating lease cost included in Other store expenses(1)(2)	$	30,671	$	34,690	$	62,265	$	68,826
Operating lease cost included in Other charges(2)	12		78		35		244
Sublease receipts	(1,893)		(3,134)		(4,058)		(6,483)
Total operating lease charges	$	28,790	$	31,634	$	58,242	$	62,587

(1) Includes short-term lease costs, which are not significant.

(2) Excludes variable lease costs of $9.0 million and $17.8 million for the three and six months ended June 30, 2022 compared to $8.4 million and $16.9 million for the three and six months ended June 30, 2021.

Supplemental cash flow information related to leases:

	Six Months Ended
(in thousands)	June 30, 2022		June 30, 2021
Cash paid for amounts included in measurement of operating lease liabilities	$	51,847	$	53,758
Cash paid for short-term operating leases not included in operating lease liabilities	9,179		9,373
Right-of-use assets obtained in exchange for new operating lease liabilities	57,229		61,824

Weighted-average discount rate and weighted-average remaining lease term:

(in thousands)	June 30, 2022		December 31, 2021
Weighted-average discount rate(1)	6.2	%	6.0	%
Weighted-average remaining lease term (in years)	4		4

(1) The January 1, 2019 incremental borrowing rate was used for leases in existence at the time of adoption of ASU 2016-02.

Operating lease liability maturity

Reconciliation of undiscounted operating lease liabilities to the present value operating lease liabilities at June 30, 2022:

(in thousands)	Operating Leases
2022	$	53,278
2023	93,964
2024	76,002
2025	58,590
2026	35,118
Thereafter	26,863
Total undiscounted operating lease liabilities	343,815
Less: Interest	(36,690)
Total present value of operating lease liabilities	$	307,125