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Operating Leases (Tables)
12 Months Ended
Jan. 29, 2022
Leases [Abstract]  
Components of Lease Expense

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

 

Lease Cost

 

Classification

 

Year Ended January 29, 2022

 

 

Year Ended January 30, 2021

 

 

Year Ended February 1, 2020

 

Operating lease cost

 

SG&A Expenses

 

$

40,538

 

 

$

43,824

 

 

$

47,482

 

Variable lease cost

 

SG&A Expenses

 

 

1,354

 

 

 

1,340

 

 

 

3,434

 

Total lease cost

 

 

 

$

41,892

 

 

$

45,164

 

 

$

50,916

 

Schedule Of Lease Terms And Discount Rate

 

Lease Term and Discount Rate

 

January 29, 2022

 

 

January 30, 2021

 

 

February 1, 2020

 

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6.0

 

 

 

6.5

 

 

 

7.2

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6.5

%

 

 

6.6

%

 

 

6.5

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of January 29, 2022 were as follows (in thousands):

 

Fiscal Year

 

Operating Leases(1)

 

2022

 

$

39,113

 

2023

 

 

39,941

 

2024

 

 

35,359

 

2025

 

 

29,880

 

2026

 

 

25,964

 

Thereafter

 

 

43,027

 

Subtotal

 

 

213,284

 

Less: Imputed interest

 

 

37,800

 

Present value of lease liabilities

 

$

175,484