Property and Equipment

12 Months Ended

Feb. 02, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

	February 2, 2025		January 28, 2024
	(In thousands)
Land	$	74,461	$	79,498
Buildings	27,655		29,032
Leasehold improvements	1,227,247		1,006,926
Furniture and fixtures	177,651		156,656
Computer hardware	202,479		176,597
Computer software	1,274,322		1,032,567
Equipment and vehicles	51,453		34,017
Work in progress	206,398		247,943
Property and equipment, gross	3,241,666		2,763,236
Accumulated depreciation	(1,461,049)		(1,217,425)
Property and equipment, net	$	1,780,617	$	1,545,811

Depreciation expense related to property and equipment was $443.3 million, $374.0 million, and $282.7 million for 2024, 2023, and 2022, respectively.

Gain on Disposal of Assets

During the second quarter of 2022, the Company completed the sale of an administrative office building, which resulted in a pre-tax gain of $10.2 million. The income tax effect of the gain on disposal of assets was an expense of $1.7 million.