COMMITMENTS AND CONTINGENCIES:

Leases

We lease retail stores, a limited amount of office space and various office equipment under operating leases expiring in various years through the fiscal year ending 2025. Certain operating leases provide for renewal options that generally approximate five years at a pre-determined rental value. In the normal course of business, operating leases are generally renewed or replaced by other leases.

Minimum future rental payments under non-cancelable operating leases (including leases with certain minimum sales cancellation clauses described below and exclusive of common area maintenance charges and/or contingent rental payments based on sales) as of January 30, 2016, are approximately as follows:



FISCAL YEAR ENDING:
(in thousands)
January 28, 2017	$	200,079
February 3, 2018	173,201
February 2, 2019	145,989
February 1, 2020	129,053
January 30, 2021	118,235
Thereafter	293,298
Total minimum lease payments	$	1,059,855

Certain of the leases provide that we may cancel the lease if our retail sales at that location fall below an established level. A majority of our store operating leases contain cancellation clauses that allow the leases to be terminated at our discretion, if certain minimum sales levels are not met within the first few years of the lease term. We have not historically met or exercised a significant number of these cancellation clauses and, therefore, have included commitments for the full lease terms of such leases in the above table. For fiscal 2015, 2014 and 2013, total rent expense under operating leases was approximately $266.2 million, $253.2 million, and $230.0 million, respectively, including common area maintenance charges of approximately $46.7 million, $42.5 million, and $37.2 million, respectively, other rental charges of approximately $40.1 million, $37.6 million, and $32.8 million, respectively, and contingent rental expense, based on sales, of approximately $5.8 million, $7.0 million, and $9.1 million, respectively.

Credit Facility

As of January 30, 2016, $92.2 million in net borrowings were outstanding as further disclosed in Footnote 10. The following table provides details on our debt outstanding as of January 30, 2016 and January 31, 2015:



	January 30, 2016			January 31, 2015

	(in thousands)
Credit Agreement, net	$	92,219		$	—
Less: current portion	(10,000		)	—
Total long-term debt	$	82,219		$	—

Other

At January 30, 2016 and January 31, 2015, we had approximately $398.6 million and $424.5 million, respectively, of open purchase orders for inventory, in the normal course of business, which are cancellable with no or limited recourse available to the vendor until the merchandise shipping date.

In June 2015, the Company was named as a defendant in a putative representative Private Attorney General action filed in the Superior Court of California, County of Los Angeles, Ackerman v. Chico’s FAS, Inc. The complaint attempts to allege numerous violations of California law related to wages, meal periods, rest periods, wage statements, and failure to reimburse business expenses, among other things. The Company denies the material allegations of the complaint and filed its answer on July 27, 2015. The Company believes that the case is without merit, and intends to vigorously defend. As a result, the Company does not believe that it is probable that the case will have a material adverse effect on the Company’s consolidated financial condition or results of operations.

In July 2015, the Company was named as a defendant in a putative class action filed in the United States District Court for the Northern District of Georgia, Altman v. White House Black Market, Inc. The complaint alleges that the Company, in violation of federal law, published more than the last five digits of a credit or debit card number or an expiration date on customers’ receipts. The Company denies the material allegations of the complaint and filed a motion to dismiss on September 9, 2015, which is pending. The Company believes that the case is without merit and intends to vigorously defend. As a result, the Company does not believe that it is probable that the case will have a material adverse effect on the Company’s consolidated financial condition or results of operations.

Other than as noted above, we are not currently a party to any legal proceedings, other than various claims and lawsuits arising in the normal course of business, none of which we believe should have a material adverse effect on our consolidated financial condition or results of operations.