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LEASES

6 Months Ended

Jun. 30, 2022

Leases

Leases

NOTE 4 – LEASES

The Company leases certain office space, retail stores, distribution centers and equipment under long-term, non-cancelable operating leases. The following table summarizes Total lease cost for the three and six months ended June 30, 2022 and 2021, which were primarily included in “Selling, general and administrative expenses” on the accompanying Condensed Consolidated Statements of Income (in thousands):


		For the Three Months Ended						For the Six Months Ended
		June 30,						June 30,
		2022			2021			2022			2021
Operating lease cost		$	91,089		$	87,363		$	180,798		$	174,582
Short-term operating lease cost			2,339			1,661			5,116			3,594
Variable operating lease cost			23,646			22,645			47,103			44,589
Sublease income			(1,277)			(1,185)			(2,422)			(2,383)
Total lease cost		$	115,797		$	110,484		$	230,595		$	220,382

The following table summarizes other lease-related information for the six months ended June 30, 2022 and 2021:


			For the Six Months Ended
			June 30,
			2022			2021
Cash paid for amounts included in the measurement of operating lease liabilities:
	Operating cash flows from operating leases		$	180,558		$	169,864
Right-of-use assets obtained in exchange for new operating lease liabilities				125,559			165,193