LEASES

3 Months Ended

Jun. 30, 2026

Leases

The Company enters into operating lease contracts, which primarily relate to retail stores, showrooms, offices, and

distribution facilities. There were no material changes outside the ordinary course of business during the three

months ended June 30, 2026, to the Company’s operating lease terms disclosed in the 2026 Annual Report.

Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to

operating leases was as follows:


	Three Months Ended June 30,
	2026	2025
Non-cash operating activities (1)
Operating lease assets obtained in exchange for lease liabilities	$120,130	$45,271
Reductions to operating lease assets for reductions to lease liabilities	(157)	(2,652)

(1) Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements, as well as adjustments for

tenant improvement allowances. Non-cash additions in the current period are primarily the result of a lease extension for a

warehouse and DC, as well as continued investments in the Company’s global retail store footprint and showrooms.