Leases (Tables)

12 Months Ended

Feb. 02, 2025

Leases [Abstract]

Summary of Lease Cost

The following table details the Company's net lease expense. Certain of the Company's leases include rent escalation clauses, rent holidays, and leasehold rental incentives. The majority of the Company's leases for store premises also include contingent rental payments based on sales volume. The variable lease expenses disclosed below include contingent rent payments and other non-fixed lease related costs, including common area maintenance, property taxes, and landlord's insurance.

	2024		2023		2022
	(In thousands)
Net lease expense:
Operating lease expense	$	338,756	$	282,888	$	245,767
Short-term lease expense	13,588		15,289		16,790
Variable lease expense	188,358		152,791		114,441
Sublease income	(2,805)		—		—
	$	537,897	$	450,968	$	376,998

The weighted-average remaining lease terms and weighted-average discount rates were as follows:

	February 2, 2025		January 28, 2024
Weighted-average remaining lease term	6.68 years		6.95 years
Weighted-average discount rate	4.3	%	4.0	%

Summary of Operating Lease Maturities

The following table presents future minimum lease payments by fiscal year and the impact of discounting.

	February 2, 2025
	(In thousands)
2025	$	336,521
2026	314,027
2027	299,214
2028	243,199
2029	182,854
Thereafter	469,809
Future minimum lease payments	$	1,845,624
Impact of discounting	(269,833)
Present value of lease liabilities	$	1,575,791
Balance sheet classification:
Current lease liabilities	$	275,154
Non-current lease liabilities	1,300,637
	$	1,575,791