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Leases | 6 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Leases | Leases The Company leases its corporate offices, retail spaces and authentication centers under various noncancelable operating leases with terms ranging from one year to fifteen years. The Company recorded operating lease costs of $5.3 million and $5.6 million for the three months ended June 30, 2024 and 2023, respectively, and $10.4 million and $12.8 million for the six months ended June 30, 2024 and 2023, respectively. The Company also incurred $1.4 million and $1.3 million of variable lease costs for the three months ended June 30, 2024 and 2023, respectively, and $2.9 million and $2.6 million of variable lease costs for the six months ended June 30, 2024 and 2023, respectively. The variable lease costs are comprised primarily of the Company’s proportionate share of operating expenses, property taxes and insurance. Due to the office and store closures in the six months ended June 30, 2023, the Company reviewed its right-of-use assets for impairment. Impairment losses are measured and recorded for the excess of carrying value over its fair value, estimated based on expected future cash flows using discount rate and other quantitative and qualitative factors. As a result, the Company recorded $26.3 million related to the impairment of certain office and store right-of-use assets, for the six months ended June 30, 2023. No impairment charges were recorded during the six months ended June 30, 2024. The impairment charges are included in restructuring charges in the condensed statements of operations. Maturities of operating lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands):
Fiscal Year |  | Amount
Remainder of 2024 |  | $ | 14,384 |
2025 |  | 28,765 |
2026 |  | 28,508 |
2027 |  | 24,554 |
2028 |  | 21,840 |
Thereafter |  | 20,210 |
Total future minimum payments |  | $ | 138,261 |
Less: Imputed interest |  | (19,157) |
Present value of operating lease liabilities |  | $ | 119,104 |
Supplemental cash flow information related to the Company’s operating leases are as follows (in thousands):
| Six Months Ended June 30,
| 2024 |  | 2023
Operating cash flows used for operating leases | $ | 13,604 |  |  | $ | 15,623 |
Operating lease assets obtained in exchange for operating lease liabilities (including remeasurement of right-of-use assets and lease liabilities due to lease modifications) | $ | 4,047 |  |  | $ | (1,487) |
The weighted average remaining lease term and discount rate for the Company’s operating leases are as follows:
| June 30, 2024
Weighted average remaining lease term | 5.0 years
Weighted average discount rate | 6.2 | %
The Company has leases for certain vehicles and equipment that are classified as finance leases. The finance lease right-of-use asset and finance lease liabilities for these vehicle and equipment leases are immaterial as of June 30, 2024 and December 31, 2023.

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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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