Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Operating Lease Costs

Total operating lease costs by expense type:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Operating lease cost included in Other store expenses(1)(2)	$	30,728	$	30,671	$	62,065	$	62,265
Operating lease cost included in Other charges(2)	—		12		—		35
Sublease receipts	(1,018)		(1,893)		(2,278)		(4,058)
Total operating lease charges	$	29,710	$	28,790	$	59,787	$	58,242

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

(2) Excludes variable lease costs of $9.7 million and $19.1 million for the three and six months ended June 30, 2023, respectively, compared to $9.0 million and $17.8 million for the three and six months ended June 30, 2022, respectively.

Supplemental cash flow information related to leases:

	Six Months Ended June 30,
(in thousands)	2023		2022
Cash paid for amounts included in measurement of operating lease liabilities	$	53,182	$	51,847
Cash paid for short-term operating leases not included in operating lease liabilities	8,539		9,179
Right-of-use assets obtained in exchange for new operating lease liabilities	35,123		57,229

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

	June 30, 2023		December 31, 2022
Weighted-average discount rate(1)	7.4	%	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 June 30, 2023:

(in thousands)	Operating Leases
2023	$	54,812
2024	97,896
2025	79,657
2026	55,141
2027	33,975
Thereafter	26,341
Total undiscounted operating lease liabilities	347,822
Less: Interest	(48,917)
Total present value of operating lease liabilities	$	298,905