Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Operating lease costs

Total operating lease costs by expense type:

	Three Months Ended March 31,
(in thousands)	2023		2022
Operating lease cost included in Other store expenses(1)(2)	$	31,337	$	31,594
Operating lease cost included in Other charges(2)	—		23
Sublease receipts	(1,260)		(2,165)
Total operating lease charges	$	30,077	$	29,452

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

(2) Excludes variable lease costs of $9.4 million and $8.7 million for the three months ended March 31, 2023 and 2022, respectively.

Supplemental cash flow information related to leases:

	Three Months Ended March 31,
(in thousands)	2023		2022
Cash paid for amounts included in measurement of operating lease liabilities	$	26,523	$	26,090
Cash paid for short-term operating leases not included in operating lease liabilities	4,550		4,861
Right-of-use assets obtained in exchange for new operating lease liabilities	19,416		28,638

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

(in thousands)	March 31, 2023		December 31, 2022
Weighted-average discount rate(1)	7.3	%	7.0	%
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 March 31, 2023:

(in thousands)	Operating Leases
2023	$	80,631
2024	94,594
2025	76,210
2026	51,674
2027	30,786
Thereafter	22,424
Total undiscounted operating lease liabilities	356,319
Less: Interest	(52,256)
Total present value of operating lease liabilities	$	304,063