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Leases
 12 Months Ended
Jan. 28, 2024
Leases [Abstract]  
Leases Leases
The components of our lease costs are as follows:
For the Fiscal Year Ended
(In thousands)January 28, 2024January 29, 2023January 30,
2022
Operating lease costs
$296,779 $275,086 $256,924 
Variable lease costs
132,304 138,155 127,784 
Total lease costs
$429,083 $413,241 $384,708 
Sublease income and short-term lease costs were not material to us for fiscal 2023, fiscal 2022 and fiscal 2021.
Supplemental cash flow information related to our leases are as follows:
For the Fiscal Year Ended
(In thousands)January 28, 2024January 29, 2023January 30,
2022
Cash paid for amounts included in the measurement of operating lease liabilities
$322,293 $296,053 $279,005 
Our net additions to right-of-use assets were approximately $205.7 million and $389.5 million in fiscal 2023 and fiscal 2022, respectively.
Additional information related to our leases is as follows:
For the Fiscal Year Ended
January 28, 2024January 29, 2023
Weighted-average remaining lease term (years)6.66.9
Weighted-average incremental borrowing rate3.8 %3.4 %
As of January 28, 2024, the future minimum lease payments under our operating lease liabilities are as follows:
(In thousands)
Fiscal 2024$320,067 
Fiscal 2025280,938 
Fiscal 2026239,206 
Fiscal 2027203,563 
Fiscal 2028162,873 
Fiscal 2029 and thereafter418,477 
Total lease payments1,625,124 
Less: interest(234,503)
Total operating lease liabilities1,390,621 
Less: current operating lease liabilities(234,517)
Total non-current operating lease liabilities$1,156,104 
We have also entered into agreements to lease additional retail spaces, which will commence in fiscal 2024. Accordingly, future minimum lease payments under these agreements are not included in the table above.
Memphis-Based Distribution Facility
We have entered into an agreement with a partnership comprised of the estate of W. Howard Lester, our former Chairman of the Board and Chief Executive Officer, and the estate of James A. McMahan, a former Director Emeritus and significant stockholder and two unrelated parties to lease a distribution facility in Memphis, Tennessee through January 31, 2025. We made annual rental payments of approximately $2.6 million, $2.3 million, and $2.1 million plus applicable taxes, insurance and maintenance expenses in fiscal 2023, fiscal 2022 and fiscal 2021, respectively.