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v3.23.1

Leases (Notes) | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Supplemental Balance Sheet Disclosures | Lease Position The following table presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022:
| Classification on the Balance Sheet |  | March 31, 2023 |  | December 31, 2022
Assets |  |  |  |  |
Noncurrent(1) | Operating lease right-of-use asset |  | $ | 112,501 |  | $ | 90,264
Liabilities |  |  |  |  |
Current | Operating leases – current portion |  | $ | 33,977 |  | $ | 29,499
Noncurrent | Operating leases – long-term portion |  | 95,797 |  | 79,128
Total operating lease liabilities |  |  | $ | 129,774 |  | $ | 108,627
Weighted-average remaining lease term |  |  | 4.4 years |  | 4.6 years
Weighted-average discount rate |  |  | 4.6 | % |  | 4.4 | %
(1) During the three months ended March 31, 2023, the Company recorded a pre-tax impairment charge related to its right-of-use assets of $95 recorded in the Wholesale Footwear Segment.
Lessee, Operating Leases [Text Block] | Lease Position The following table presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022:
| Classification on the Balance Sheet |  | March 31, 2023 |  | December 31, 2022
Assets |  |  |  |  |
Noncurrent(1) | Operating lease right-of-use asset |  | $ | 112,501 |  | $ | 90,264
Liabilities |  |  |  |  |
Current | Operating leases – current portion |  | $ | 33,977 |  | $ | 29,499
Noncurrent | Operating leases – long-term portion |  | 95,797 |  | 79,128
Total operating lease liabilities |  |  | $ | 129,774 |  | $ | 108,627
Weighted-average remaining lease term |  |  | 4.4 years |  | 4.6 years
Weighted-average discount rate |  |  | 4.6 | % |  | 4.4 | %
(1) During the three months ended March 31, 2023, the Company recorded a pre-tax impairment charge related to its right-of-use assets of $95 recorded in the Wholesale Footwear Segment. Lease Costs The following table presents the composition of lease costs during the three months ended March 31, 2023 and 2022:
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Operating lease cost | $ | 9,138 |  |  | $ | 8,255 |  |  |  |  |
Variable lease cost | 739 |  |  | 1,394 |  |  |  |  |
Less: sublease income | 66 |  |  | 125 |  |  |  |  |
Total lease cost | $ | 9,811 |  |  | $ | 9,524 |  |  |  |  |
Other Information The following table presents supplemental cash and non-cash information related to the Company's operating leases during the three months ended March 31, 2023 and 2022:
| Three Months Ended March 31,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows used for operating leases | $ | 10,014 |  |  | $ | 9,818 |
Noncash transactions |  |  |
Right-of-use asset obtained in exchange for new operating lease liabilities | $ | 30,528 |  |  | $ | 5,517 |
Right-of-use asset amortization expense(1) | $ | 8,196 |  |  | $ | 6,972 |
(1) Included in "Leases and other liabilities" in the Consolidated Statement of Cash Flows. Future Minimum Lease Payments The following table presents future minimum lease payments for each of the first five years and the total for the remaining years as of March 31, 2023:
2023 (remaining nine months) | $ | 30,113 |
2024 | 34,486 |
2025 | 28,447 |
2026 | 22,109 |
2027 | 13,340 |
Thereafter | 15,858 |
Total minimum lease payments | 144,353 |
Less: interest | 14,579 |
Total lease liabilities | $ | 129,774 |

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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