Leases (Tables)

12 Months Ended

Jan. 30, 2021

Leases [Abstract]

Schedule of Classification of Lease Cost

The Company's classification of lease cost on the Company's condensed consolidated statements of operations is as follows (in thousands):

	52 Week Period Ended (1)		52 Week Period Ended (1)
	January 30, 2021		February 1, 2020
Cost of sales (2)
Operating lease cost	$	43,753	$	53,382
Short-term lease cost		755		1,469
Variable lease cost		1,554		1,329
Total lease cost in cost of sales		46,062		56,180
Other operating expenses
Operating lease cost		1,862		2,824
Short-term lease cost		60		382
Total lease cost in other operating expenses		1,922		3,206
Total lease cost	$	47,984	$	59,386

(1) Total lease cost excludes expense for non-lease components including common area maintenance and excludes costs that are not a component of the lease including real estate taxes, insurance, sales taxes and utilities for the Company’s leases.

(2) Cost of sales includes all distribution center lease costs and store occupancy-related lease costs.

Rent Expense Under Operating Leases

As of January 30, 2021, future minimum payments, by year and in the aggregate, under all operating leases with initial terms of one year or more consist of the following (in thousands):

	Operating Leases
2021	$	60,159
2022		48,140
2023		37,330
2024		30,395
2025		23,726
Thereafter		32,230
Total lease payments (1)		231,980
Less: interest		(38,031	)
Present value of lease liabilities	$	193,949

(1) Operating lease payments exclude $485,000 of legally binding minimum lease payments for a lease signed but not yet commenced for one new store.

Schedule of Lease Term and Discount Rate

The Company’s lease term and discount rate is as follows:

	January 30, 2021
Weighted-average remaining lease term (years)		5.2
Weighted-average discount rate		7.4	%

Schedule of Cash Paid for Amounts Included in Measurement of Lease Liabilities

Cash paid for amounts included in the measurement of lease liabilities is as follows (in thousands):

	52 Weeks Ended January 30, 2021		52 Weeks Ended February 1, 2020
Operating cash flows from operating leases	$	57,310	$	64,654