Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Operating Lease Costs

Total operating lease costs by expense type:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
Operating lease cost included in Other store expenses(1)(2)	$	31,143	$	31,100	$	93,208	$	93,365
Operating lease cost included in Other charges	—		264		—		299
Sublease receipts	(734)		(1,642)		(3,012)		(5,700)
Total operating lease charges	$	30,409	$	29,722	$	90,196	$	87,964

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

(2) Excludes variable lease costs of $9.9 million and $29.0 million for the three and nine months ended September 30, 2023, respectively, compared to $9.4 million and $27.2 million for the three and nine months ended September 30, 2022, respectively.

Supplemental cash flow information related to leases:

	Nine Months Ended September 30,
(in thousands)	2023		2022
Cash paid for amounts included in measurement of operating lease liabilities	$	79,871	$	77,780
Cash paid for short-term operating leases not included in operating lease liabilities	13,240		14,170
Right-of-use assets obtained in exchange for new operating lease liabilities	50,786		81,937

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

	September 30, 2023		December 31, 2022
Weighted-average discount rate(1)	7.6	%	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 September 30, 2023:

(in thousands)	Operating Leases
2023	$	29,524
2024	103,277
2025	85,151
2026	59,870
2027	38,556
Thereafter	33,499
Total undiscounted operating lease liabilities	349,877
Less: Interest	(50,368)
Total present value of operating lease liabilities	$	299,509