XML 40 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Lease costs
Supplemental balance sheet information related to leases was as follows:
Three months ended June 30, 2020Three months ended June 30, 2019
Weighted average remaining lease term (in years)9.407.10
Weighted average discount rate3.924.30
Supplemental cash flow and other information related to leases was as follows:
Three months ended June 30,Six months ended June 30,
(In thousands)2020201920202019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases$37,517  $33,599  $75,313  $50,852  
Leased assets obtained in exchange for new operating lease liabilities$9,994  $26,056  $374,893  $30,100  
Operating lease liability maturity
Maturities of lease liabilities are as follows:
(In thousands)
2020$88,052  
2021183,938  
2022156,279  
2023139,553  
2024121,711  
2025 and thereafter561,369  
Total lease payments$1,250,902  
Less: Interest210,029  
Total present value of lease liabilities (1)$1,040,873  
(1) Amounts above reflect lease liabilities associated with the Company's New York City flagship store lease, which commenced on March 1, 2020. However, refer to Note 3 for discussion of the impairment of the associated ROU lease asset.