Calling getters on an object vs. storing it as a local variable (memory footprint, performance)

I'd nearly always prefer the local variable solution.

Memory footprint

A single local variable costs 4 or 8 bytes. It's a reference and there's no recursion, so let's ignore it.

Performance

If this is a simple getter, the JVM can memoize it itself, so there's no difference. If it's a expensive call which can't be optimized, memoizing manually makes it faster.

Readability

Follow the DRY principle. In your case it hardly matters as the local variable name is character-wise as about as long as the method call, but for anything more complicated, it's readability as you don't have to find the 10 differences between the two expressions. If you know they're the same, so make it clear using the local variable.

Correctness

Imagine your SelectItem does not accept nulls and your program is multithreaded. The value of listType.getDescription() can change in the meantime and you're toasted.

Debugging

Having a local variable containing an interesting value is an advantage.

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The only thing to win by omitting the local variable is saving one line. So I'd do it only in cases when it really doesn't matter:

• very short expression
• no possible concurrent modification
• simple private final getter

I think the way number two is definitely better because it improves readability and maintainability of your code which is the most important thing here. This kind of micro-optimization won't really help you in anything unless you writing an application where every millisecond is important.

I'm not sure either is preferred. What I would prefer is clearly readable code over performant code, especially when that performance gain is negligible. In this case I suspect there's next to no noticeable difference (especially given the JVM's optimisations and code-rewriting capabilities)