XML 60 R44.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease, Cost The following table presents the balance sheet information related to leases as of December 31, 2021 and 2020:
(in thousands)December 31, 2021December 31, 2020
Leases
Operating lease right-of-use assets$82,366 $104,937 
Operating lease liabilities$95,427 $113,593 
The following table presents the weighted-average operating lease term and weighted-average discount rate as of December 31, 2021 and 2020:
December 31, 2021December 31, 2020
Weighted-average remaining lease term (years)5.55.9
Weighted-average discount rate2.86 %3.10 %

The following table presents the components of lease expense for the years ended December 31, 2021, 2020, and 2019:
(in thousands)
Lease Costs202120202019
Operating lease costs$29,694 $32,862 $32,358 
Short-term lease costs609 472 820 
Variable lease costs22 (11)
Sublease income(2,626)(2,106)(2,765)
Net lease costs$27,699 $31,217 $30,421 

For the year ended December 31, 2021, there were $6.9 million in ROU asset impairments recorded in other expenses. The impairments were due to accelerated depreciation for leases which the Company chose to exit due to consolidations of back-office space and store consolidations.
The following table presents the supplemental cash flow information related to leases for the year ended December 31, 2021, 2020, and 2019:
(in thousands)
Cash Flows202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$31,697 $32,639 $33,004 
Right of use assets obtained in exchange for new operating lease liabilities$15,033 $21,746 $27,878 
Lessee, Operating Lease, Liability, Maturity The following table presents the maturities of lease liabilities as of December 31, 2021:
(in thousands)
YearOperating Leases
2022$28,452 
202322,799 
202418,164 
202513,400 
20268,286 
Thereafter12,487 
Total lease payments103,588 
Less: imputed interest(8,161)
Present value of lease liabilities$95,427