Leases (Tables)

12 Months Ended

Feb. 05, 2023

Leases [Abstract]

Components of Lease Cost

The components of lease costs were as follows (in thousands):

	Fiscal Year Ended
	2021		2022		2023
Fixed operating lease cost	$	37,411	$	37,598	$	47,533
Variable lease cost (1)	9,168		10,228		8,521
Short-term lease cost (12 months or less)	5,734		4,178		3,787
Finance lease cost:
Amortization of finance lease right-of-use assets	—		384		3,028
Interest on finance lease liabilities	—		42		330
Total finance lease cost	$	—	$	426	$	3,358
Total lease cost	$	52,313	$	52,430	$	63,199

_________________________________

(1) Variable lease cost predominantly included common area maintenance charges.

Supplemental information related to leases is as follows (in thousands):

	Fiscal Year Ended
	2022			2023
Operating leases:
Weighted-average remaining lease term (in years)	4.5			5.2
Weighted-average discount rate	5.7		%	6.1		%
Finance leases:
Finance lease right-of-use assets, gross (1)	$	3,577		$	17,596
Accumulated amortization(1)	(384)			(3,412)
Finance lease right-of-use assets, net (1)	$	3,193		$	14,184
Finance lease liabilities, current (2)	1,035			5,432
Finance lease liabilities, non-current (3)	1,487			4,765
Total finance lease liabilities	$	2,522		$	10,197
Weighted-average remaining lease term (in years)	3.6			3.3
Weighted-average discount rate	2.7		%	5.1		%

____________________________________

(1) Included in the consolidated balance sheets within property and equipment, net.

(2) Included in the consolidated balance sheets within accrued expenses and other liabilities.

(3) Included in the consolidated balance sheets within other liabilities, non-current.

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases is as follows (in thousands):

	Fiscal Year Ended
	2022		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	36,648	$	49,955
Financing cash outflows for finance leases	$	1,000	$	6,138
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	7,517	$	80,962
Finance leases	$	3,577	$	14,019

Schedule of Future Lease Payments Under Non-Cancelable Leases

Future lease payments under our non-cancelable leases at the end of fiscal 2023 are as follows (in thousands):

Fiscal Years Ending	Operating Leases		Finance Leases
2024	$	45,153	$	5,839
2025	48,315		4,728
2026	36,366		183
2027	19,384		—
2028	21,062		—
Thereafter	44,274		—
Total future lease payments	$	214,554	$	10,750
Less: imputed interest	(38,374)		(553)
Present value of total lease liabilities	$	176,180	$	10,197