OPERATING LEASES

12 Months Ended

Feb. 01, 2014

NOTE 12 - 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 2013, 2012 and 2011 was $80.7 million, $75.9 million and $72.9 million, respectively, and includes minimum rentals of $76.8 million, $71.5 million and $69.2 million in 2013, 2012 and 2011, respectively. Rent expense also includes contingent rentals of $3.9 million, $4.4 million and $3.7 million in 2013, 2012 and 2011, respectively, and sublease rental income of $0.01 million, $0.01 million and $0.01 million in 2013, 2012 and 2011, respectively.

Minimum rental commitments on long-term, non-cancelable operating leases at February 1, 2014, net of sub-lease rental income, are as follows (in thousands):



Fiscal Year	Commitments
2014	$	86,388
2015	80,337
2016	69,601
2017	59,350
2018	45,886
Thereafter	96,175
Total	$	437,737

- 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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