Leases (Tables)

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Components of Lease Cost

The table below presents the components of lease cost for operating leases for the years ended January 28, 2023, January 29, 2022 and January 30, 2021.

(In thousands)	Fiscal 2023			Fiscal 2022			Fiscal 2021
Operating lease cost	$	166,617		$	174,127		$	160,973
Variable lease cost		16,966			21,540			9,562
Less: Sublease income		(314	)		(246	)		(165	)
Net Lease Cost	$	183,269		$	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 28, 2023:

Fiscal Years	(In thousands)
2024	$	156,304
2025		128,634
2026		105,033
2027		77,331
2028		44,781
Thereafter		103,100
Total undiscounted future minimum lease payments		615,183
Less: Amounts representing interest		(79,611	)
Total Present Value of Operating Lease Liabilities	$	535,572

Supplemental Information Related to Operating Leases

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of January 28, 2023 and January 29, 2022 are:

	January 28, 2023	January 29, 2022
Weighted-average remaining lease term (years)	5.5 years	5.8 years
Weighted-average discount rate	5.1%	5.0%