XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
May 01, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of lease terms and rates
The Company’s lease terms and rates are as follows:
 May 1,
2022
Weighted average remaining lease term (in years)
Operating Leases7.2
 
Weighted average discount rate
Operating Leases3.97 %
Schedule of location and amount of operating lease costs within condensed consolidated balance sheets
The following table discloses the location and amount of our operating lease costs within our condensed consolidated balance sheets:
(amounts in thousands)Balance sheet locationMay 1,
2022
Assets  
Operating leasesOperating lease right-of-use assets (non-current)$107,930 
  
Liabilities 
Current: 
Operating leasesCurrent operating lease liabilities$17,530 
  
Noncurrent: 
Operating leasesOperating lease liability, long term103,480 
  
Total lease liabilities $121,010 
Schedule to reconcile undiscounted future minimum lease payments
The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable leases with terms of more than one year to the total lease liabilities recognized on the condensed consolidated balance sheet as of May 1, 2022 in thousands:
(amounts in thousands)
Remainder 2023$16,571 
202421,582 
202520,310 
202618,187 
202715,739 
Thereafter48,498 
Total undiscounted future minimum lease payments140,887 
Less: imputed interest(19,877)
Total present value of lease obligations121,010 
Less: current operating lease liability(17,530)
Operating lease liability- long term$103,480 
Schedule of supplemental cash flow information and non-cash activity related to operating leases
Supplemental Cash Flow information and non-cash activity related to our operating leases is as follows (in thousands):
(amounts in thousands)For the thirteen weeks ended May 1, 2022For the thirteen weeks ended May 2, 2021
Operating cash flow information: 
Amounts paid on operating lease liabilities$4,062 $3,400 
Non-cash activities
Right-of-use assets obtained in exchange for lease obligations$12,513 $94,275