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Leases (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2024 and December 31, 2023:
| Classification on the Balance Sheet |  | September 30, 2024 |  | December 31, 2023
Assets |  |  |  |  |
Noncurrent(1) | Operating lease right-of-use asset |  | $ | 148,391 |  | $ | 122,783
Liabilities |  |  |  |  |
Current | Operating leases – current portion |  | $ | 43,812 |  | $ | 40,342
Noncurrent | Operating leases – long-term portion |  | 118,674 |  | 98,536
Total operating lease liabilities |  |  | $ | 162,486 |  | $ | 138,878
Weighted-average remaining lease term |  |  | 4.7 years |  | 4.5 years
Weighted-average discount rate |  |  | 5.3 | % |  | 5.1 | %
(1) During the three and nine months ended September 30, 2023, the Company recorded a pre-tax impairment charge related to its right-of-use assets of $0 and $95, recorded in the Wholesale Footwear Segment.
Schedule of Lease Costs | The following table presents the composition of lease costs during the three and nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | $ | 12,852 |  |  | $ | 10,573 |  |  | $ | 36,163 |  |  | $ | 30,276 |
Variable lease cost | 792 |  |  | 945 |  |  | 2,374 |  |  | 2,791 |
Less: sublease income | 66 |  |  | 66 |  |  | 130 |  |  | 198 |
Total lease cost | $ | 13,578 |  |  | $ | 11,452 |  |  | $ | 38,407 |  |  | $ | 32,869 |
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 and nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |
Operating cash flows used for operating leases | $ | 13,069 |  |  | $ | 11,311 |  |  | $ | 37,155 |  |  | $ | 32,704 |
Noncash transactions |  |  |  |  |  |  |
Right-of-use asset obtained in exchange for new operating lease liabilities | $ | 15,628 |  |  | $ | 6,180 |  |  | $ | 58,348 |  |  | $ | 50,769 |
Right-of-use asset amortization expense(1) | $ | 10,717 |  |  | $ | 9,993 |  |  | $ | 32,740 |  |  | $ | 27,880 |
(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 September 30, 2024:
2024 (remaining three months) | $ | 13,467 |
2025 | 49,020 |
2026 | 39,962 |
2027 | 28,167 |
2028 | 20,857 |
Thereafter | 32,893 |
Total minimum lease payments | 184,366 |
Less: interest | 21,880 |
Total lease liabilities | $ | 162,486 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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