LEASES

6 Months Ended

Jun. 30, 2023

Leases

Leases

NOTE 4 – LEASES

The Company leases certain office space, retail stores, distribution centers, and equipment under long-term, non-cancelable operating leases.  The following table summarizes Total lease cost for the three and six months ended June 30, 2023 and 2022, which were primarily included in “Selling, general and administrative expenses” on the accompanying Condensed Consolidated Statements of Income (in thousands):

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Operating lease cost	$	99,547	$	91,089	$	196,065	$	180,798
Short-term operating lease cost		1,801		2,339		5,505		5,116
Variable operating lease cost		25,090		23,646		49,561		47,103
Sublease income		(1,275)		(1,277)		(2,489)		(2,422)
Total lease cost	$	125,163	$	115,797	$	248,642	$	230,595

The following table summarizes other lease-related information for the six months ended June 30, 2023 and 2022:

		For the Six Months Ended
		June 30,
		2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities:
	Operating cash flows from operating leases	$	192,444	$	180,558
Right-of-use assets obtained in exchange for new operating lease liabilities			219,849		125,559