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Leases - (Tables)
6 Months Ended
Jul. 30, 2022
Leases [Abstract]  
Components of lease cost

 

Three Months Ended

 

 

July 30, 2022

 

 

July 31, 2021

 

 

 

 

 

 

Operating lease cost (a)

$

17,847

 

$

17,334

Variable lease cost (b)

$

578

 

$

700

 

 

 

 

 

 

(a) Includes right-of-use asset amortization of ($0.5) million and ($0.5) million for the three months ended July 30, 2022 and July 31, 2021, respectively.

 

 

 

(b) Primarily related to monthly percentage rent for stores not presented on the balance sheet.

 

 

 

 

Six Months Ended

 

 

July 30, 2022

 

 

July 31, 2021

 

 

 

 

 

 

Operating lease cost (a)

$

35,602

 

$

34,060

Variable lease cost (b)

$

1,346

 

$

1,493

 

 

 

 

 

 

(a) Includes right-of-use asset amortization of ($0.9) million and ($1.6) million for the six months ended July 30, 2022 and July 31, 2021, respectively.

 

 

 

(b) Primarily related to monthly percentage rent for stores not presented on the balance sheet.

 

 

 

Operating cash flow information:

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

July 30, 2022

 

July 31, 2021

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

$

17,038

 

$

15,726

Non-cash activity:

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

$

2,534

 

$

26,157

 

 

 

 

 

 

 

Six Months Ended

 

July 30, 2022

 

July 31, 2021

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

$

33,874

 

$

31,673

Non-cash activity:

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

$

6,049

 

$

25,423

 

As of

 

July 30, 2022

 

July 31, 2021

 

 

 

 

Weighted-average remaining lease term

2.2 years

 

2.4 years

Weighted-average discount rate

2.89%

 

3.47%

Maturities of lease liabilities by fiscal year

Fiscal Year

 

 

 

 

 

2022 (a)

$

30,661

2023

 

55,462

2024

 

38,913

2025

 

23,402

2026

 

12,006

Thereafter

 

3,395

Total lease payments

 

163,839

Less: Imputed interest

 

7,346

Present value of lease liabilities

$

156,493

 

 

 

(a) Excluding the six months ended July 30, 2022.