Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Operating Lease Cost and Other Information

Operating lease cost and other information:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

 

2021

 

Fixed lease cost

 

$

361,894

 

 

$

307,265

 

 

$

290,509

 

Variable lease cost

 

 

11,424

 

 

 

10,803

 

 

 

5,354

 

Operating cash flows used for leases

 

 

359,727

 

 

 

303,721

 

 

 

286,411

 

Weighted-average remaining lease term

 

5.43 years

 

 

5.52 years

 

 

5.95 years

 

Weighted-average discount rate

 

 

4.16

%

 

 

3.12

%

 

 

3.07

%

Summary of Future Lease Payments

The following table presents future lease payments as of December 31, 2023:

 

Year (in thousands)

 

Operating Leases

 

2024

 

$

327,964

 

2025

 

 

289,527

 

2026

 

 

235,132

 

2027

 

 

194,505

 

2028

 

 

145,699

 

Thereafter

 

 

409,751

 

Total lease payments

 

 

1,602,578

 

      Less: Imputed interest

 

 

(220,172

)

Operating lease liabilities

 

$

1,382,406