Leases (Tables)

12 Months Ended

Feb. 03, 2024

Leases [Abstract]

Components of Lease Cost

The table below presents the components of lease cost for operating leases for the years ended February 3, 2024, January 28, 2023 and January 29, 2022.

(In thousands)	Fiscal 2024			Fiscal 2023			Fiscal 2022
Operating lease cost	$	164,355		$	166,617		$	174,127
Variable lease cost		14,582			16,966			21,540
Less: Sublease income		(173	)		(314	)		(246	)
Net Lease Cost	$	178,764		$	183,269		$	195,421

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 3, 2024:

Fiscal Years	(In thousands)
2025	$	152,087
2026		125,851
2027		94,128
2028		57,240
2029		35,180
Thereafter		102,440
Total undiscounted future minimum lease payments		566,926
Less: Amounts representing interest		(78,663	)
Total Present Value of Operating Lease Liabilities	$	488,263

Supplemental Information Related to Operating Leases

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of February 3, 2024 and January 28, 2023 are:

	February 3, 2024	January 28, 2023
Weighted-average remaining lease term (years)	5.5 years	5.5 years
Weighted-average discount rate	5.3%	5.1%