Commitments and Contingencies (Tables)

3 Months Ended

Apr. 25, 2020

Commitments and Contingencies

Schedule of lease costs

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

	Thirteen weeks ended
	April 25, 2020		April 27, 2019
Operating lease cost(a)	$	39,646	$	33,045
Variable lease cost		6,212		5,117
Finance lease cost:
Amortization of right-of-use assets		74		74
Interest on lease liabilities		29		34
Total lease cost(b)	$	45,961	$	38,270

(a) Net of an immaterial amount of sublease income.

(b) Short-term lease cost for the thirteen weeks ended April 25, 2020 and April 27, 2019 was immaterial.

Schedule of weighted average remaining lease term and discount rate

The table below presents additional information related to our leases as of April 25, 2020.

Weighted average remaining lease term
Operating leases	12.3	years
Finance leases	4.4	years
Weighted average discount rate
Operating leases	6.13	%
Finance leases	8.35	%

Schedule of supplemental cash flow information

Supplemental disclosures of cash flow information related to leases were as follows (in thousands):

	Thirteen weeks ended
	April 25, 2020		April 27, 2019
Cash paid for operating lease liabilities(a)(b)	$	22,414	$	33,786
Right-of-use assets obtained in exchange for operating lease liabilities	$	60,643	$	117,718
Cash paid for finance lease liabilities	$	77	$	72

(a) As of April 25, 2020, we had negotiated or were in the process of negotiating rent deferral or abatement with certain lessors.

(b) Includes $5.1 million in variable lease payments for the thirteen weeks ended April 27, 2019.