Leases

6 Months Ended

Aug. 03, 2024

The Company leases substantially all of its stores, three of its distribution centers, and certain equipment under non-cancellable operating leases that expire at various dates through 2041. The Company’s stores generally have initial lease terms of 10 to 15 years and contain multiple five-year renewal options and rent escalation provisions. The lease agreements are primarily for the payment of minimum annual rentals, costs of utilities, property taxes, maintenance, common areas and insurance.

Supplemental cash flow information related to operating leases for the 26 weeks ended August 3, 2024 and July 29, 2023 were as follows (in thousands):


	26 Weeks Ended
	August 3, 2024		July 29, 2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	352,205	$	388,606
Non-cash operating lease assets obtained in exchange for operating lease liabilities	$	403,648	$	426,237