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Leases (Notes)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases
The Company leases office space, sample production space, warehouses, showrooms, storage units, and retail stores pursuant to operating leases. The Company’s portfolio of leases is primarily related to real estate. Since most of its leases do not provide a readily determinable implicit rate, the Company estimates its incremental borrowing rate to discount the lease payments based on information available at lease commencement.
Some of the Company’s retail store leases provide for variable lease payments based on sales volumes at the leased location, which are not measurable at the inception of the lease and are therefore not included in the measurement of the right-of-use assets and lease liabilities. Under ASC Topic 842, “Leases” (“ASC 842”), these variable lease costs are expensed as incurred.
The following table presents the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024:
 Balance Sheet ClassificationJune 30, 2025December 31, 2024
Assets:
NoncurrentOperating lease right-of-use asset$220,089$139,695
Liabilities:
CurrentOperating leases – current portion$56,179$43,172
NoncurrentOperating leases – long-term portion189,404109,816
Total operating lease liabilities$245,583$152,988
Weighted-average remaining lease term5.7 years4.5 years
Weighted-average discount rate5.4%5.3%
The following table presents the composition of lease costs during the three and six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Operating lease cost $15,819 $11,802 $29,262 $23,311 
Variable lease cost680 952 936 1,582 
Short-term lease cost156 — 156 
Less: sublease income68 — 136 64 
Total lease cost(1)
$16,587 $12,754 $30,218 $24,829 
(1) Included in operating expenses in the Company's Condensed Consolidated Statements of Operations.
The following table presents supplemental cash and non-cash information related to the Company's operating leases during the three and six months ended June 30, 2025 and 2024:

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cash paid for amounts included in the measurement of lease liabilities
     Operating cash flows used for operating leases(1)
$15,143 $12,326 $28,711 $24,086 
Noncash transactions
Right-of-use asset obtained in exchange for new operating lease liabilities$80,864 $26,692 $105,019 $42,720 
Right-of-use asset noncash lease expense(1)
$10,289 $10,676 $21,451 $22,023 
(1) Included in leases and other liabilities in the Condensed Consolidated Statement of Cash Flows.
Future Minimum Lease Payments

The following table presents future minimum lease payments for each of the next five years and the total for the remaining years as of June 30, 2025:

2025 (remaining six months)$35,119 
202662,118 
202749,548 
202840,117 
202928,856 
Thereafter70,945 
Total minimum lease payments286,703 
Less: imputed interest41,120 
Total lease liabilities$245,583