Leases (Tables)

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Components of Lease Cost

The table below presents the components of lease cost for operating leases for the years ended January 29, 2022 and January 30, 2021.

(In thousands)	Fiscal 2022			Fiscal 2021
Operating lease cost	$	174,127		$	160,973
Variable lease cost		21,540			9,562
Less: Sublease income		(246	)		(165	)
Net Lease Cost	$	195,421		$	170,370

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 January 29, 2022:

Fiscal Years	(In thousands)
2023	$	169,973
2024		142,451
2025		114,281
2026		93,827
2027		67,026
Thereafter		124,342
Total undiscounted future minimum lease payments		711,900
Less: Amounts representing interest		(94,934	)
Total Present Value of Operating Lease Liabilities	$	616,966

Supplemental Information Related to Operating Leases

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of January 29, 2022 and January 30, 2021 are:

	January 29, 2022	January 30, 2021
Weighted-average remaining lease term (years)	5.8 years	5.5 years
Weighted-average discount rate	5.0%	5.1%