LEASE AND OTHER COMMITMENTS

12 Months Ended

Feb. 01, 2014

NOTE 6—LEASE AND OTHER COMMITMENTS

In fiscal 2013, in connection with the acquisitions discussed in Note 2, the Company assumed additional lease obligations totaling $17.4 million over an average of 10 years. The aggregate minimum rental payments for all leases having initial terms of more than one year are as follows:

(dollar amounts in thousands) Fiscal Year	Operating Leases

2014	$	111,025
2015		103,824
2016		95,989
2017		88,129
2018		77,120
Thereafter		294,535


Aggregate minimum lease payments	$	770,622

Rental expense incurred for operating leases in fiscal 2013, 2012, and 2011 was $102.3 million, $97.9 million and $91.6 million, respectively, and are recorded primarily in cost of revenues. The deferred gain for all sale leaseback transactions is being recognized as a reduction of costs of merchandise sales and costs of service revenues over the minimum term of these leases.

- 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.

+ References+ Details