Leases (Tables)

9 Months Ended

Oct. 31, 2020

Leases [Abstract]

Lease Cost

Operating lease expense was as follows:

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 31, 2020		November 2, 2019		October 31, 2020		November 2, 2019
Operating lease cost (1)	$	58,710	$	62,696	$	179,273	$	189,939

(1) The thirteen and thirty-nine weeks ended October 31, 2020 includes approximately $9.8 million and $25.9 million, respectively, in variable lease costs.The thirteen and thirty-nine weeks ended November 2, 2019 includes approximately $6.9 million and $20.0 million, respectively, in variable lease costs.

Supplemental cash flow information related to operating leases was as follows:

	Thirty-Nine Weeks Ended
	October 31, 2020			November 2, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows	$	94,500	(1)	$	169,970
Right of use assets obtained in exchange for lease obligations, non-cash	75,938			22,346

(1) The Company deferred substantially all rent payments due in the months of April, May and June 2020, and made reduced rent payments beginning in July 2020 where and when applicable.

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases was as follows:

	October 31, 2020			February 1, 2020			November 2, 2019
Right of use assets (1)	$	582,074		$	648,397		$	664,052
Current lease liabilities	$	208,351		$	157,043		$	155,403
Long-term lease liabilities	509,118			555,922			578,971
Total operating lease liabilities	$	717,469		$	712,965		$	734,374
Weighted Average Remaining Lease Term (years)	4.6			4.8			4.9
Weighted Average Discount Rate (2)	5.5		%	5.6		%	5.7		%

(1) During the thirty-nine weeks ended October 31, 2020, we completed an evaluation of our operating lease assets for indicators of impairment as a result of the impact of the pandemic, and consequently, recorded pre-tax impairment charges of approximately $3.2 million, which is included in cost of goods sold in the accompanying unaudited condensed consolidated statements of loss.

(2) The incremental borrowing rate used by the Company is based on the rate at which the Company could borrow funds using its credit rating for a collateralized loan of similar term to the lease. The weighted average discount rate represents a weighted average of the incremental borrowing rate for each lease weighted based on the remaining fixed lease obligations.

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of October 31, 2020 were as follows:

Fiscal Year Ending:
January 30, 2021	$	94,798
January 29, 2022	197,769
January 28, 2023	170,412
February 4, 2024	128,548
February 1, 2025	94,846
Thereafter	124,733
Total future minimum lease payments	$	811,106
Less imputed interest	(93,637)
Total	$	717,469