XML 44 R31.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Operating Lease, Supplemental Balance Sheet
The following table presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023:
 Classification on the Balance SheetMarch 31, 2024December 31, 2023
Assets
Noncurrent(1)
Operating lease right-of-use asset$127,464$122,783
Liabilities
CurrentOperating leases – current portion$40,020$40,342
NoncurrentOperating leases – long-term portion102,63798,536
Total operating lease liabilities$142,657$138,878
Weighted-average remaining lease term4.5 years4.5 years
Weighted-average discount rate5.2 %5.1 %
(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.
Schedule of Lease Costs The following table presents the composition of lease costs during the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
20242023
Operating lease cost $11,509 $9,138 
Variable lease cost630 739 
Less: sublease income64 66 
Total lease cost$12,075 $9,811 
Schedule of Leases Supplemental Cash Flows
The following table presents supplemental cash and non-cash information related to the Company's operating leases during the three months ended March 31, 2024 and 2023:

Three Months Ended March 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities
     Operating cash flows used for operating leases$11,760 $10,014 
Noncash transactions
Right-of-use asset obtained in exchange for new operating lease liabilities$16,028 $30,528 
Right-of-use asset amortization expense(1)
$11,347 $8,196 
(1) Included in "Leases and other liabilities" in the Consolidated Statement of Cash Flows.
Schedule of 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, 2024:

2024 (remaining nine months)$35,155 
202541,478 
202631,779 
202720,280 
202813,351 
Thereafter18,530 
Total minimum lease payments160,573 
Less: interest17,916 
Total lease liabilities$142,657