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Lease Commitments (Tables)
12 Months Ended
Feb. 02, 2013
Future Minimum Lease Payments

 

The following is a schedule of future minimum lease payments having an initial or remaining term in excess of one year:

 

     (in thousands)  

Fiscal Years

   Operating
Leases  (a)
     Capital
Leases
 

2013

   $ 219,891       $ 2,733   

2014

     222,007         2,527   

2015

     199,363         2,865   

2016

     182,863         2,865   

2017 and Thereafter

     712,533         28,324   
  

 

 

    

 

 

 

Total Minimum Lease Payments

     1,536,657         39,314   

Amount Representing Interest

     —          (16,082
  

 

 

    

 

 

 

Total Future Minimum Lease Payments

   $ 1,536,657       $ 23,232   
  

 

 

    

 

 

 

 

a) Total future minimum lease payments include $60.8 million related to options to extend lease terms that are reasonably assured of being exercised and also includes $100.5 million of minimum lease payments for ten stores that the Company has committed to open during Fiscal 2013.

Net Rent Expense

The following is a schedule of net rent expense for Fiscal 2012, Fiscal 2011 and Fiscal 2010:

 

     (in thousands)  
     Year Ended  
     February 2,
2013
    January 28,
2012
    January 29,
2011
 

Rent Expense:

      

Minimum Rental Payments

   $ 219,982      $ 197,327      $ 182,473   

Contingent Rental Payments

     3,056        2,689        1,882   

Straight-Line Rent Expense

     12,115        9,211        10,639   

Lease Incentives Amortization

     (18,590     (15,869     (13,043

Amortization of Purchased Lease Rights

     1,033        901        857   
  

 

 

   

 

 

   

 

 

 

Total Rent Expense

     217,596        194,259        182,808   

Less All Rental Income

     (19,721     (19,113     (17,711
  

 

 

   

 

 

   

 

 

 

Total Net Rent Expense

   $ 197,875      $ 175,146      $ 165,097