Leases (Tables)

3 Months Ended

May 01, 2021

Leases [Abstract]

Lease Cost

Operating lease expense was as follows:

	Thirteen Weeks Ended
	May 1, 2021		May 2, 2020
Operating lease cost (1)	$	55,406	$	61,005

(1) Includes approximately $9.8 million and $8.6 million in variable lease costs for the thirteen weeks ended May 1, 2021 and May 2, 2020, respectively.

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

	Thirteen Weeks Ended
	May 1, 2021		May 2, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows	$	62,111	$	19,119	(1)
Right of use assets obtained in exchange for lease obligations, non-cash	8,522		7,885

(1) The Company suspended rental payments in April 2020 as a result of the impact of the pandemic during last year's first quarter.

Supplemental Balance Sheet Information Related to Operating Leases

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

	May 1, 2021			January 30, 2021			May 2, 2020
Right of use assets	$	554,795		$	586,061		$	612,161
Current lease liabilities	$	184,296		$	194,551		$	190,811
Long-term lease liabilities	480,537			515,797			520,323
Total operating lease liabilities	$	664,833		$	710,348		$	711,134
Weighted Average Remaining Lease Term (years)	4.3			4.5			4.7
Weighted Average Discount Rate (1)	4.8		%	4.9		%	5.5		%

(1) 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 May 1, 2021 were as follows:

Fiscal Year Ending:
January 29, 2022	$	161,892
January 28, 2023	189,742
February 4, 2024	145,728
February 1, 2025	102,716
January 31, 2026	65,533
Thereafter	71,757
Total future minimum lease payments	$	737,368
Less imputed interest	(72,535)
Total	$	664,833