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LEASES
12 Months Ended
Dec. 31, 2023
LEASES
2. LEASES
The components of operating lease expense were as follows:
 
Years Ended December 31,
  
2023
    
2022
    
2021
 
Lease cost
  
$
112,195
 
   $ 101,578      $ 90,742  
Short-term lease cost
  
 
10,102
 
     10,226        9,598  
Variable lease cost
  
 
1,773
 
     1,840        1,868  
Sublease income
  
 
(436
     (373      (332
  
 
 
    
 
 
    
 
 
 
  
$
123,634
 
   $ 113,271      $ 101,876  
  
 
 
    
 
 
    
 
 
 
 
Supplemental balance sheet information related to operating leases were as follows:
 
December 31,
  
2023
 
 
2022
 
ROU assets
  
$
368,748
 
  $ 317,314  
Current portion
of operating lease liabilities
  
$
95,587
 
  $ 87,120  
Operating lease liabilities
  
 
276,913
 
    232,144  
  
 
 
   
 
 
 
Total operating
lease liabilities
  
$
372,500
 
  $ 319,264  
  
 
 
   
 
 
 
Weighted Average Remaining Lease Term (in years)
  
 
4.8 years
 
    4.8 years  
Weighted Average Discount Rate
  
 
4.91
    3.85
Supplemental cash flow information related to operating leases were as follows:
 
Years Ended December 31,
  
2023
    
2022
    
2021
 
Operating cash flows for the measurement of operating lease liabilities
  
$
110,614
 
   $ 100,092      $ 91,063  
Operating lease ROU assets obtained in exchange for operating lease obligations
  
$
148,196
 
   $ 140,704      $ 141,198  
At December 31, 2023, maturities of operating lease liabilities over each of the next five years and thereafter were as follows:
 
2024
   $ 111,590  
2025
     95,946  
2026
     77,896  
2027
     51,703  
2028
     32,610  
Thereafter
     50,528  
  
 
 
 
Total lease payments
     420,273  
Less imputed interest
     47,773  
  
 
 
 
Total lease liability
  
$
372,500
 
  
 
 
 
At December 31, 2023, we had additional operating leases that had not yet commenced. Such leases had estimated future minimum rental commitments of approximately $24,000. These operating leases are expected to commence in 2024 with lease terms of more than 1 year to 10 years. These undiscounted amounts are not included in the table above.