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Commitments and Contingencies (Tables)
12 Months Ended
Jan. 28, 2017
Commitments And Contingencies Disclosure [Abstract]  
Future Minimum Rental Payments under Leases

The aggregate future minimum rent payments under leases in effect as of January 28, 2017, are as follows (in thousands):

 

Lease agreements accounted for as:

 

Capital

Leases (1)

 

 

Operating

Leases

 

 

Build-to-Suit

 

 

Total

 

2017

 

$

1,216

 

 

$

89,776

 

 

$

31,971

 

 

$

122,963

 

2018

 

 

1,140

 

 

 

81,534

 

 

 

36,634

 

 

 

119,308

 

2019

 

 

1,159

 

 

 

71,154

 

 

 

40,119

 

 

 

112,432

 

2020

 

 

1,199

 

 

 

61,834

 

 

 

40,776

 

 

 

103,809

 

2021

 

 

1,219

 

 

 

52,660

 

 

 

42,014

 

 

 

95,893

 

Thereafter

 

 

9,155

 

 

 

326,333

 

 

 

605,868

 

 

 

941,356

 

Minimum lease commitments

 

 

15,088

 

 

$

683,291

 

 

$

797,382

 

 

$

1,495,761

 

Less—amount representing interest

 

 

(7,579

)

 

 

 

 

 

 

 

 

 

 

 

 

Present value of capital lease obligations

 

 

7,509

 

 

 

 

 

 

 

 

 

 

 

 

 

Less—current capital lease obligations

 

 

(267

)

 

 

 

 

 

 

 

 

 

 

 

 

Non-current capital lease obligations

 

$

7,242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The current and non-current capital lease obligations are included in other current liabilities and other non-current obligations, respectively, on the consolidated balance sheets.

Minimum Rent Payments and Contingent Rent Expense under Lease Agreements Accounted for Operating Leases as Build-To-Suit Lease Transactions

Minimum rent payments and contingent rent expense under lease agreements accounted for as operating leases as build-to-suit lease transactions are as follows (in thousands):

 

 

Year Ended

 

 

 

January 28,

 

 

January 30,

 

 

January 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Lease agreements accounted for as operating leases

 

 

 

 

 

 

 

 

 

 

 

 

Minimum rent

 

$

87,520

 

 

$

76,246

 

 

$

75,654

 

Contingent rent

 

 

7,140

 

 

 

10,209

 

 

 

7,989

 

Total operating leases

 

$

94,660

 

 

$

86,455

 

 

$

83,643

 

Lease agreements accounted for as build-to-suit lease

   transactions (1)

 

 

 

 

 

 

 

 

 

 

 

 

Minimum rent

 

$

16,066

 

 

$

12,755

 

 

$

7,375

 

Contingent rent

 

 

726

 

 

 

442

 

 

 

122

 

Total build-to-suit lease transactions

 

$

16,792

 

 

$

13,197

 

 

$

7,497

 

 

 

(1)

As described in Note 3—Significant Accounting Policies, the cash payments made under leases accounted for as build-to-suit lease transactions get allocated to land rent expense and as debt service payments (a portion to interest expense and a portion to financing obligation). Minimum rent payments recognized as interest expense within the consolidated statements of income were $12.1 million, $9.9 million and $5.3 million in fiscal 2016, fiscal 2015 and fiscal 2014, respectively. The remaining minimum rent in fiscal 2016, fiscal 2015 and fiscal 2014 are included in cost of goods sold on the consolidated statements of income. Contingent rent under build-to-suit lease transactions is recognized as interest expense within the consolidated statements of income.