Leases (Tables)

3 Months Ended

May 04, 2019

Lessee Disclosure [Abstract]

Schedule of Components of Lease Expense

For the three months ended May 4, 2019, the components of lease expense were as follows (in thousands):

Fixed operating lease expense (1)	$	8,743
Variable operating lease expense		3,893
Total operating lease expense	$	12,636
(1) Includes short-term leases.

Schedule of Operating Lease Balances within Consolidated Balance Sheet, Weighted Average Remaining Lease Term and Weighted Average Discount Rates

The following table presents the operating lease balances within the Consolidated Balance Sheet, weighted average remaining lease term and weighted average discount rates related to the Company’s operating leases as of May 4, 2019 ($ in thousands):

Lease Assets and Liabilities	Classification
Assets:
Operating lease ROU assets	Operating lease assets	$	128,065
Liabilities:
Current:
Operating lease liabilities	Operating lease liabilities	$	32,327
Long-term:
Operating lease liabilities	Operating lease and other non-current liabilities		119,636
Total undiscounted operating lease liabilities		$	151,963
Weighted average remaining lease term		6.4 years
Weighted average discount rate			7.40	%

Schedule of Maturity of Operating Lease Liabilities

The following table presents the maturity of the Company’s operating lease liabilities as of May 4, 2019 (in thousands):

Remainder of Fiscal 2019	$	32,864
2020		34,750
2021		28,555
2022		24,128
2023		20,969
Thereafter		53,693
Total operating lease payments		194,959
Less: Imputed interest		42,996
Total operating lease liabilities	$	151,963

Future Annual Minimum Operating Lease Payments

The following table presents future minimum lease payments as previously disclosed in our 2018 Annual Report on Form 10-K  determined using the previous lease accounting standard.

2019	$	36,417
2020		29,682
2021		21,142
2022		21,698
2023		15,995
Thereafter		48,462
Total operating lease liabilities	$	173,396

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to the Company’s operating leases for the three months ended May 4, 2019 (in thousands):

Cash paid for amounts included in the measurement of operating lease liabilities	$	11,994
ROU assets obtained in exchange for operating lease liability		1,829