Leases (Tables)

12 Months Ended

Feb. 01, 2020

Leases [Abstract]

Components of lease cost

The table below presents the components of lease cost for operating leases for the year ended February 1, 2020.

(In thousands)	Fiscal 2020
Operating lease cost	$184,428
Variable lease cost	12,176
Less: Sublease income	(307	)
Net Lease Cost	$196,297

Schedule of lease maturity under topic 842

The following table reconciles the maturities of undiscounted cash flows to our operating lease liabilities recorded on the Consolidated Balance Sheets at February 1, 2020:

Fiscal Years	(In thousands)
2021	$180,314
2022	171,483
2023	151,141
2024	127,544
2025	103,668
Thereafter	192,246
Total undiscounted future minimum lease payments	926,396
Less: Amounts representing interest	(135,752)
Total Present Value of Operating Lease Liabilities	$790,644

Supplemental information related to operating leases

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of February 1, 2020 are:

	February 1, 2020
Weighted-average remaining lease term (years)	6.2 years
Weighted-average discount rate	5.2%

Schedule of future minimum rental payments for operating leases under topic 840

As of February 2, 2019 future minimum rental commitments were:

Fiscal Years	(In thousands)
2020	$183,432
2021	171,584
2022	159,155
2023	140,889
2024	119,023
Thereafter	323,638
Total Minimum Rental Commitments	$1,097,721