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LEASES
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES LEASES
Right-of-Use Assets and Operating Lease Liabilities

Amounts reported in the consolidated balance sheets were:
December 31,
20222021
(in thousands)
Assets:
Right-of-use assets$239,905 $160,768 
Liabilities:
Current operating lease liabilities$57,456 $42,932 
Long-term operating lease liabilities215,119 149,237 
Total operating lease liabilities$272,575 $192,169 

Lease Costs and Other Information

Lease-related costs reported within ‘Cost of sales’ and ‘Selling, general and administrative expenses’ were:
Year Ended December 31,
20222021
(in thousands)
Operating lease cost $66,012 $58,283 
Short-term lease cost9,590 7,585 
Variable lease cost37,536 32,490 
Total lease costs$113,138 $98,358 

The weighted average remaining lease term and discount rate related to our lease liabilities as of December 31, 2022 were 6.9 years and 3.9%, respectively. As of December 31, 2021, the weighted average remaining lease term and discount rate related to our lease liabilities were 7.1 years and 3.8%, respectively.

Maturities

The maturities of our operating lease liabilities were:
As of
December 31, 2022
(in thousands)
2023$60,812 
202452,357 
202538,629 
202632,840 
202728,189 
Thereafter99,700 
Total future minimum lease payments312,527 
Less: imputed interest(39,952)
Total operating lease liabilities$272,575 

Leases That Have Not Yet Commenced
As of December 31, 2022, we had significant obligations for a lease not yet commenced related to a new HEYDUDE distribution center in Las Vegas, Nevada. The total commitment related to the lease, with payments expected to begin in the third quarter of 2023 and continue through December 2033, is approximately $75 million.