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Leases (Tables)
12 Months Ended
Feb. 01, 2020
Leases  
Schedule of lease expense

 

 

 

 

 

 

    

 

 

 

 

 

2019

 

Operating lease cost

    

$

51,213

 

Variable lease cost

 

 

5,791

 

Short term lease cost

 

 

1,061

 

Total lease cost

 

$

58,065

 

 

Schedule of future minimum rent payments under operating leases

Future minimum lease payments as of February 1, 2020 are as follows (in thousands):

 

 

 

 

 

Fiscal Year

    

Lease Costs

 

2020

    

$

48,182

 

2021

 

 

43,766

 

2022

 

 

32,822

 

2023

 

 

25,276

 

2024

 

 

17,541

 

Thereafter

 

 

27,502

 

Total future minimum lease payments

 

 

195,089

 

Less:  imputed interest

 

 

(16,829)

(1)

Total present value of lease liabilities

 

$

178,260

(2)

 

(1)

Calculated using the discount rate for each lease.

 

(2)

Includes short-term and long-term operating leases.

Operating lease maturity ASC840

 

 

 

 

 

Fiscal Year

    

Lease Costs

 

2019

    

$

47,289

 

2020

 

 

39,294

 

2021

 

 

28,228

 

2022

 

 

16,880

 

2023

 

 

9,440

 

Thereafter

 

 

7,836

 

Total future minimum lease payments

 

$

148,967

 

 

Schedule of supplemental cash flow and other information

Supplemental cash flow and other information related to operating leases for the fiscal year ended February 1, 2020 is as follows (in thousands, except for weighted average amounts):

 

 

 

 

 

 

 

    

 

 

 

 

 

2019

 

Cash paid for operating leases

    

$

49,704

 

Right of use assets obtained in exchange for new operating lease liabilities

 

$

82,954

 

 

 

 

 

 

Weighted average remaining lease term (years) - operating leases

 

 

5.13

 

Weighted average discount rate - operating leases

 

 

3.49%