Leases (Tables)

12 Months Ended

Jan. 29, 2023

Leases [Abstract]

Schedule of components of lease expense

Components of lease expense were as follows (in thousands):

	2023		2022
	(As Restated)		(As Revised)
Operating lease expense	$	24,173	$	18,902
Variable lease expense	16,082		10,489
Short term lease expense	721		336
Total lease expense	$	40,976	$	29,727

Supplemental cash flow information and non-cash activity related to our operating leases is as follows (in thousands):

	2023		2022
	(As Restated)
Operating cash flow information:
Cash paid for operating lease liabilities	$	23,724	$	14,400
Non-cash activities
Net additions to right-of-use assets obtained in exchange for lease obligations	$	53,239	$	116,048

Schedule of lease terms and rates

The Company’s weighted average lease term and weighted average discount rates are as follows:

	For the year ended
	2023		2022
Weighted average remaining lease term (in years)
Operating Leases	7.4		6.29
Weighted average discount rate
Operating Leases	4.10	%	3.44	%

Schedule of expected future annual minimum rental payments

Future minimum lease payments under non-cancelable leases as of January 29, 2023 were as follows (in thousands):

	(As Restated)
2024	$	21,511
2025	26,759
2026	24,447
2027	22,083
2028	19,747
Thereafter	57,705
Total undiscounted future minimum lease payments	172,252
Less: imputed interest	(25,686)
Total present value of lease obligations	146,566
Less: current operating lease liability	(13,075)
Operating lease liability- long term	$	133,491