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LEASES | 3 Months Ended
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Jul. 03, 2021
Leases [Abstract] |
LEASES | LEASES The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. The substantial majority of these leases are operating leases. Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and impairment. Components of lease cost were as follows:
|  | Three Months Ended June |  |  |  |  |  |
(In thousands) |  | 2021 |  |  | 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 113,500 |  |  |  | $ | 108,852 |  |  |  |  |  |  |  |  |  |  |  |  |
Other lease costs |  | 27,939 |  |  |  | 14,998 |  |  |  |  |  |  |  |  |  |  |  |  |
Total lease cost |  | $ | 141,439 |  |  |  | $ | 123,850 |  |  |  |  |  |  |  |  |  |  |  |  |
During the three months ended June 2021 and 2020, the Company paid $119.4 million and $65.0 million of cash for operating leases, respectively. The increase was primarily driven by the timing of payments and lease concessions related to the effects of COVID-19 in the three months ended June 2020. During the three months ended June 2021 and 2020, the Company obtained $52.3 million and $190.2 million of right-of-use assets in exchange for lease liabilities, respectively. The decrease was primarily driven by the commencement of a new distribution center lease during the three months ended June 2020.
LEASES | LEASES The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. The substantial majority of these leases are operating leases. Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and impairment. Components of lease cost were as follows:
|  | Three Months Ended June |  |  |  |  |  |
(In thousands) |  | 2021 |  |  | 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 113,500 |  |  |  | $ | 108,852 |  |  |  |  |  |  |  |  |  |  |  |  |
Other lease costs |  | 27,939 |  |  |  | 14,998 |  |  |  |  |  |  |  |  |  |  |  |  |
Total lease cost |  | $ | 141,439 |  |  |  | $ | 123,850 |  |  |  |  |  |  |  |  |  |  |  |  |
During the three months ended June 2021 and 2020, the Company paid $119.4 million and $65.0 million of cash for operating leases, respectively. The increase was primarily driven by the timing of payments and lease concessions related to the effects of COVID-19 in the three months ended June 2020. During the three months ended June 2021 and 2020, the Company obtained $52.3 million and $190.2 million of right-of-use assets in exchange for lease liabilities, respectively. The decrease was primarily driven by the commencement of a new distribution center lease during the three months ended June 2020.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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