Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Operating lease costs

Total operating lease costs by expense type:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Operating lease cost included in Other store expenses(1)(2)	$	31,100	$	33,218	$	93,365	$	102,044
Operating lease cost included in Other charges(2)	264		16		299		260
Sublease receipts	(1,642)		(2,850)		(5,700)		(9,333)
Total operating lease charges	$	29,722	$	30,384	$	87,964	$	92,971

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

(2) Excludes variable lease costs of $9.4 million and $27.2 million for the three and nine months ended September 30, 2022 compared to $8.4 million and $25.4 million for the three and nine months ended September 30, 2021.

Supplemental cash flow information related to leases:

	Nine Months Ended September 30,
(in thousands)	2022		2021
Cash paid for amounts included in measurement of operating lease liabilities	$	77,780	$	80,800
Cash paid for short-term operating leases not included in operating lease liabilities	14,170		13,022
Right-of-use assets obtained in exchange for new operating lease liabilities	81,937		87,178

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

(in thousands)	September 30, 2022		December 31, 2021
Weighted-average discount rate(1)	6.8	%	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 September 30, 2022:

(in thousands)	Operating Leases
2022	$	27,138
2023	100,626
2024	83,448
2025	65,635
2026	41,461
Thereafter	35,038
Total undiscounted operating lease liabilities	353,346
Less: Interest	(43,247)
Total present value of operating lease liabilities	$	310,099