14. Lease Commitments The company leases certain offices, distribution centers, and other property under non-cancellable operating leases expiring at various dates through 2036. Substantially all leases are classified as operating leases. The company recorded operating lease costs of $109.1 million, $98.0 million, and $93.4 million in 2025, 2024, and 2023, respectively. The following amounts were recorded in the consolidated balance sheets at December 31: | | | | | | | (thousands) | | 2025 | | 2024 | Operating Leases | | | | | | | Right-of-use asset | | $ | 248,823 | | $ | 251,129 | | | | | | | | Lease liability - current | | $ | 76,537 | | $ | 68,941 | Lease liability - non-current | | | 186,721 | | | 198,466 | Total operating lease liabilities | | $ | 263,258 | | $ | 267,407 |
Maturities of operating lease liabilities at December 31 were as follows: | | | | (thousands) | | 2025 | 2026 | | $ | 87,157 | 2027 | | | 72,935 | 2028 | | | 55,371 | 2029 | | | 30,987 | 2030 | | | 18,963 | Thereafter | | | 31,200 | Total lease payments | | | 296,613 | Less: imputed interest | | | (33,355) | Total | | $ | 263,258 |
Other information pertaining to leases consists of the following for the year ended December 31: | | | | | | | (thousands) | | 2025 | | 2024 | Supplemental Cash Flow Information | | | | | | | Cash paid for amounts included in the measurement of operating lease liabilities | | $ | 88,656 | | $ | 94,829 | Right-of-use assets obtained in exchange for operating lease obligations | | | 52,287 | | | 62,583 | | | | | | | | Operating Lease Term and Discount Rate | | | | | | | Weighted-average remaining lease term in years | | | 4 years | | | 5 years | Weighted-average discount rate | | | 4.9% | | | 5.4% |
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