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Leases | 3 Months Ended
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Mar. 31, 2024
Leases |
Leases | 8. Leases We lease retail shoe stores, as well as several office and distribution facilities worldwide. These leases have original lease periods expiring between 2024 and 2029. Many leases include one or more options to renew. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of our operating lease costs were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended March 31, |
​ |  | 2024 | ​ | 2023 |
​ | ​ | (Dollars in thousands) | ​
Operating lease costs |  | $ | 1,106 | ​ | $ | 1,362 |
Variable lease costs (1) | ​ | ​ | — | ​ | ​ | 2 | ​
Total lease costs |  | $ | 1,106 | ​ | $ | 1,364 |
​ (1) Variable lease costs primarily include percentage rentals based upon sales in excess of specified amounts. Short-term lease costs, which were excluded from the above table, are not material to our financial statements. The following is a schedule of maturities of operating lease liabilities as of March 31, 2024: ​
​ | ​ | ​ | ​
​ |  | Operating Leases
​ | ​ | (Dollars in thousands)
2024, excluding the quarter ended March 31, 2024 |  | $ | 3,232
2025 |  |  | 3,532
2026 |  |  | 3,115
2027 |  |  | 1,993
2028 | ​ | ​ | 953
Thereafter |  |  | 379
Total lease payments |  |  | 13,204
Less: imputed interest |  |  | (1,121)
Present value of lease liabilities |  | $ | 12,083
​ The operating lease liabilities were classified in the consolidated condensed balance sheets (unaudited) as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, | ​ | December 31,
​ | ​ | ​ | 2024 |  | ​ | 2023
​ | ​ | (Dollars in thousands)
Operating lease liabilities - current | ​ | $ | 3,671 | ​ | $ | 3,979
Operating lease liabilities - non-current | ​ | ​ | 8,412 | ​ | ​ | 9,531
Total |  | $ | 12,083 | ​ | $ | 13,510
​ We determined the present value of our lease liabilities using a weighted-average discount rate of 4.34%. As of March 31, 2024, our leases had a weighted-average remaining lease term of 3.6 years. Supplemental cash flow information related to our operating leases is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended March 31, |
​ |  | 2024 |  | 2023 |
​ | ​ | (Dollars in thousands) | ​
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 1,141 | ​ | $ | 1,286 |
Right-of-use assets obtained in exchange for new lease liabilities (noncash) | ​ | $ | — | ​ | $ | 1,739 | ​
​

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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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