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Operating Leases (Notes) | 12 Months Ended
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Dec. 31, 2023
Operating Leases [Abstract] |
Lessee, Operating Leases | Note M – Leases The following table presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheets as of December 31, 2023 and 2022:
|  |  | As of December 31,
(in thousands) | Classification on the Balance Sheet |  | 2023 |  | 2022
Assets |  |  |  |  |
Noncurrent | Operating lease right-of-use asset |  | $ | 122,783 |  |  | $ | 90,264 |
Liabilities |  |  |  |  |
Current | Operating leases - current portion |  | $ | 40,342 |  |  | $ | 29,499 |
Noncurrent | Operating leases - long-term portion |  | 98,536 |  |  | 79,128 |
Total operating lease liabilities |  |  | $ | 138,878 |  |  | $ | 108,627 |
Weighted-average remaining lease term |  |  | 4.5 years |  | 4.6 years
Weighted-average discount rate |  |  | 5.1 | % |  | 4.4 | %
The following table presents the composition of lease costs during the years ended December 31, 2023, 2022, and 2021:
| Years Ended December 31,
(in thousands) | 2023 |  | 2022 |  | 2021
Operating lease cost | $ | 41,539 |  |  | $ | 33,724 |  |  | $ | 36,863 |
Variable lease cost(1) | 4,532 |  |  | 7,753 |  |  | 18,206 |
Less: sublease income | 264 |  |  | 243 |  |  | 321 |
Total lease cost | $ | 45,807 |  |  | $ | 41,234 |  |  | $ | 54,748 |
(1) For the year ended December 31, 2021, the Company incurred expenses related to the COVID-19 lease amendments of $9,505, which were included in variable lease cost. There were no lease amendments for the years ended December 31, 2023 and 2022. The Company recorded impairment charges of $1,023 related to lease right-of-use assets for the year ended December 31, 2021. These impairment charges were recorded in the Direct-to-Consumer and Wholesale Accessories/Apparel segments. No such impairment charges were recorded in 2023 and 2022. The following table presents supplemental cash and non-cash information related to the Company's operating leases during the years ended December 31, 2023 and 2022:
| Years Ended December 31,
(in thousands) | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows used for operating leases | $ | 44,577 |  |  | $ | 39,136 |
Noncash transactions: |  |  |
Right-of-use asset obtained in exchange for new operating lease liabilities | $ | 70,465 |  |  | $ | 36,450 |
Right-of-use asset amortization expense(1) | $ | 37,851 |  |  | $ | 31,693 |
(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:
(in thousands) | As of December 31, 2023
2024 | $ | 43,730 |
2025 | 37,935 |
2026 | 28,696 |
2027 | 18,558 |
2028 | 11,848 |
Thereafter | 16,497 |
Total minimum lease payments | 157,264 |
Less: interest | 18,386 |
Total lease liabilities | $ | 138,878 |
Rent expense for the years ended December 31, 2023, 2022, and 2021 was approximately $53,713, $49,321, and $47,179, respectively.

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- Definition Operating Leases [Abstract] + References No definition available. + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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