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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | The components of lease cost consisted of the following:
|  | Year Ended December 31,
(in thousands) |  | 2023 |  | 2022 |  | 2021
Operating lease cost |  | $ | 83,866 |  |  | $ | 76,650 |  |  | $ | 71,996 |
Variable lease cost |  | 65,376 |  |  | 63,537 |  |  | 67,745 |
Short term lease cost |  | 10,117 |  |  | 5,775 |  |  | 5,612 |
|  | $ | 159,359 |  |  | $ | 145,962 |  |  | $ | 145,353 |
For the year ended December 31, 2023, there were no impairments recorded for ROU assets related to underperforming retail locations or gains from lease termination negotiations or settlements related to previous store closures. For the year ended December 31, 2022, operating lease costs included $0.8 million of ROU asset impairment charges related to underperforming retail locations, as well as a gain of $4.8 million from the completion of lease termination negotiations and settlements related to certain retail store closures in 2020 and 2022, primarily in the U.S. segment. For the year ended December 31, 2021, operating lease costs included $0.5 million of ROU asset impairment charges related to underperforming retail locations primarily in the EMEA. segment, as well as a gain of $8.6 million from the completion of lease termination negotiations and settlements related to certain 2020 retail store closures, primarily in the U.S. segment. In the periods presented, lease concessions reducing variable lease expense were not material. The following table presents supplemental cash flow information related to leases:
|  | Year Ended December 31,
(in thousands) |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 85,793 |  |  | $ | 81,130 |  |  | $ | 83,827 |
Operating lease liabilities arising from obtaining ROU assets(1) |  | $ | 83,393 |  |  | $ | 51,976 |  |  | $ | 53,168 |
Reductions to ROU assets resulting from reductions to operating lease liabilities |  | $ | 234 |  |  | $ | 52 |  |  | $ | 118 |
(1) Includes amounts added to the carrying amount of lease liabilities resulting from lease modifications and reassessments. The following table presents supplemental balance sheet information related to leases:
|  | December 31,
|  | 2023 |  | 2022
Weighted average remaining lease term |  | 5.45 years |  | 6.02 years
Weighted average discount rate |  | 4.42 | % |  | 4.21 | %
The following table presents the future maturities of operating lease liabilities as of December 31, 2023:
(in thousands) |  |
2024 |  | $ | 86,610 |
2025 |  | 81,884 |
2026 |  | 74,278 |
2027 |  | 63,143 |
2028 |  | 55,021 |
Thereafter |  | 106,339 |
Total operating lease payments |  | 467,275 |
Less: imputed interest |  | (59,417) |
Total operating lease liabilities |  | 407,858 |
Less: current operating lease liabilities |  | (71,086) |
Non-current operating lease liabilities |  | $ | 336,772 |
As of December 31, 2023, the Company has additional commitments for operating lease that have not yet commenced of $3.8 million. These leases will commence in 2024 with lease terms of approximately one to ten years.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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