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Leases and Commitments | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Leases and Contingencies | LEASES AND COMMITMENTS Operating Leases: The Company has operating leases for office and warehouse space and certain equipment. In certain of the Company’s lease agreements, the rental payments are adjusted periodically based on defined terms within the lease. The Company did not have any finance leases as of December 31, 2021 and 2020, respectively, or for the years then ended. Our leases relating to office and warehouse space have terms of 19 months to 126 months. Our leases relating to equipment have lease terms of 24 months to 203 months, with certain of them having clauses relating to automatic renewal. The Company’s warehouse agreements also contain non-lease components, in the form of payments towards variable logistics services and labor charges, which the Company is obligated to pay based on the services consumed by it. Such amounts are not included in the measurement of the lease liability but will be recognized as expense when they are incurred. The operating lease expense was $5.6 million, $3.6 million and $3.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. Supplemental cash flow information related to the Company’s operating leases were as follows (in thousands):
| 2021 |  | 2020
Cash paid for amounts included in the measurements of lease liabilities |  |  |
Operating cash flow used in operating leases | $ | 4,504 |  |  | $ | 3,775 |
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating leases | $ | 18,872 |  |  | $ | 887 |
As of December 31, 2021, the weighted average remaining lease term was 5.4 years and the weighted average discount rate was 2.1%. The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2021 (in thousands):
2022 | $ | 7,130 |
2023 | 6,207 |
2024 | 5,693 |
2025 | 5,825 |
2026 | 4,160 |
Thereafter | 5,412 |
Total lease payments | $ | 34,427 |
Less: imputed interest | (1,884) |
Total | $ | 32,543 |
Unconditional purchase obligations: At December 31, 2021, the Company had $198.9 million in unconditional purchase obligations primarily for inventories, outsourced information technology and Coach events.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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