The Company leases retail shoe stores, as well as several office and distribution facilities worldwide. The leases have original lease periods expiring between 2022 and 2029. Many leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Short-term lease costs, which were excluded from the above table, are not material to the Company’s financial statements.

The following is a schedule of maturities of operating lease liabilities as of December 31, 2021:


	Operating Leases
	(Dollars in thousands)
2022	$	3,906
2023		2,963
2024		2,073
2025		1,358
2026		1,009
Thereafter		719
Total lease payments		12,028
Less imputed interest		(915)
Present value of lease liabilities	$	11,113

The operating lease liabilities are classified in the consolidated balance sheets as follows:


	December 31,		December 31,
		2021		2020

	(Dollars in thousands)
Operating lease liabilities - current	$	3,593	$	4,245
Operating lease liabilities - non-current		7,520		7,734
Total	$	11,113	$	11,979

The Company determined the present value of its lease liabilities using a weighted-average discount rate of 4.25%. As of December 31, 2021, the Company’s leases have a weighted-average remaining lease term of 3.5 years.

Supplemental cash flow information related to the Company’s operating leases is as follows:


	Twelve Months Ended December 31,
	2021		2020

	(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	4,888	$	6,746
Right-of-use assets obtained in exchange for new lease liabilities (noncash)	$	5,334	$	216