Leases

9 Months Ended

Nov. 03, 2024

Leases [Abstract]

Leases

Leases

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

	Thirteen weeks ended				Thirty-nine weeks ended
	November 3, 2024		October 29, 2023		November 3, 2024		October 29, 2023
Operating lease expense	$	8,713	$	7,601	$	25,650	$	21,996
Variable and short term lease expense	1,540		2,750		4,436		7,939
Total lease expense	$	10,253	$	10,351	$	30,086	$	29,935

Variable lease expense includes percentage rent, maintenance, real estate taxes, insurance and other variable charges included in the lease as well as rental expenses related to short term leases.

During the thirteen and thirty-nine weeks ended November 3, 2024 and October 29, 2023, we did not recognize any impairment charges associated with showroom-level right-of-use assets.

Supplemental information related to our operating leases is as follows (in thousands):

	Thirty-nine weeks ended
(amounts in thousands)	November 3, 2024			October 29, 2023
Operating cash flow information:
Amounts paid on operating lease liabilities	$	25,690		$	21,957
Non-cash activities:
Right-of-use assets obtained in exchange for lease obligations	$	16,961		$	25,672
Weighted average remaining lease term - operating leases	7.0 years			7.4 years
Weighted average discount rate - operating leases	5.16		%	4.58		%