XML 50 R20.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
 9 Months Ended
Nov. 02, 2019
Leases [Abstract]  
Schedule of leased assets with renewal provisions The following table summarizes the location and expiration date of the Company’s leased warehouses:
LocationLease Expiration Date
Leased Warehouses
Carlisle, Pennsylvania2020
Carlisle, Pennsylvania2021
Fort Mill, South Carolina2024
Rock Hill, South Carolina2028
Shafter, California2029
Third-Party Warehouses
Fort Mill, South Carolina2020
Moreno Valley, California2023
Moreno Valley, California2029
Shafter, California2020
Schedule of operating lease costs
The following table presents operating lease costs included in the Condensed Consolidated Statement of Earnings for the three and nine month periods ended November 2, 2019:

Three Months EndedNine Months Ended
($000) November 2, 2019November 2, 2019
Operating lease cost 1
$161,514  $476,728  
Variable lease costs 2
44,381  131,167  
Net lease cost 3
$205,895  $607,895  
1 Net of sublease income which was immaterial.

2 Includes property and rent taxes, insurance, common area maintenance, and percentage rent.

3 Excludes short-term lease costs which were immaterial.
Schedule of maturity of operating lease liabilities
The maturity of operating lease liabilities, including the ground lease related to the New York buying office as of November 2, 2019, are as follows:

($000) 
Operating Leases 1
2020$604,022  
2021616,088  
2022547,653  
2023461,997  
2024355,736  
Thereafter1,653,544  
Total lease payments4,239,040  
Less: interest1,078,235  
Present value of lease liabilities$3,160,805  
Less: current operating lease liabilities559,433  
Non-current operating lease liabilities$2,601,372  
1 Operating lease payments exclude $197.3 million of minimum lease payments for leases signed that have not yet commenced.
Schedule of aggregate undiscounted future minimum annual lease payments under leases in accordance with ASC 840
In accordance with ASC 840, the aggregate undiscounted future minimum annual lease payments under leases, including the ground lease related to the New York buying office, in effect at February 2, 2019 were as follows:
($000)Total operating leases
2019$555,812  
2020580,712  
2021499,678  
2022424,695  
2023339,340  
Thereafter1,575,673  
Total minimum lease payments$3,975,910