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.


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023

	(Dollars in thousands)
Operating lease costs	$	1,116	$	1,298	$	2,222	$	2,660
Variable lease costs ⁽¹⁾		—		49		—		51
Total lease costs	$	1,116	$	1,347	$	2,222	$	2,711

⁽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 June 30, 2024:


	Operating Leases
	(Dollars in thousands)
2024, excluding the six months ended June 30, 2024	$	2,089
2025		3,591
2026		3,174
2027		2,051
2028		1,012
Thereafter		399
Total lease payments		12,316
Less: imputed interest		(844)
Present value of lease liabilities	$	11,472

The operating lease liabilities were classified in the consolidated condensed balance sheets (unaudited) as follows:


	June 30,		December 31,
		2024		2023

	(Dollars in thousands)
Operating lease liabilities - current	$	3,514	$	3,979
Operating lease liabilities - non-current		7,958		9,531
Total	$	11,472	$	13,510

We determined the present value of our lease liabilities using a weighted-average discount rate of 4.38%. As of June 30, 2024, our leases had a weighted-average remaining lease term of 3.5 years.

Supplemental cash flow information related to our operating leases is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023

	(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	1,181	$	1,273	$	2,322	$	2,559
Right-of-use assets obtained in exchange for new lease liabilities (noncash)	$	259	$	—	$	259	$	1,739