Operating Leases

12 Months Ended

Jan. 28, 2012

NOTE 11 - OPERATING LEASES

The Company leases stores, its corporate headquarters, one distribution center and equipment under operating leases. Such leases generally contain renewal options and require that the Company pay for utilities, taxes and maintenance expense. A number of store leases provide for escalating minimum rent. Rent expense for operating leases for 2011, 2010 and 2009 was $72.9 million, $72.5 million and $71.1 million, respectively, and includes minimum rentals of $69.2 million, $68.9 million and $68.5 million in 2011, 2010 and 2009, respectively. Rent expense also includes contingent rentals of $3.7 million, $3.6 million and $2.6 million in 2011, 2010 and 2009, respectively, and sublease rental income of $0.01 million, $0.01 million and $0.01 million in 2011, 2010 and 2009, respectively.

Minimum rental commitments on long-term, non-cancelable operating leases at January 28, 2012, net of sub-lease rental income, are as follows (in thousands):

Fiscal Year	Commitments
2012	$	79,887
2013		72,511
2014		62,471
2015		54,972
2016		45,075
Thereafter		99,635
Total	$	414,551

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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