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LEASES (Tables)
6 Months Ended
Jul. 29, 2023
Leases [Abstract]  
Schedule of Operating Lease Expense
Operating lease expense was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
July 29, 2023July 30, 2022July 29, 2023July 30, 2022
Operating lease cost (1)
$54,468 $54,247 $111,785 $107,663 
(1) For the thirteen and twenty-six weeks ended July 29, 2023, includes $13.6 million and $26.9 million, respectively, in variable lease costs. For the thirteen and twenty-six weeks ended July 30, 2022, includes $9.6 million and $19.1 million, respectively, in variable lease costs.
Supplemental cash flow information related to operating leases was as follows:
Twenty-Six Weeks Ended
July 29, 2023July 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows$98,276 $103,508 
Right of use assets obtained in exchange for lease obligations, non-cash105,442 54,336 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to operating leases was as follows:
July 29, 2023January 28, 2023July 30, 2022
Right of use assets$464,050 $435,321 $438,959 
Current lease liabilities$152,927 $153,202 $165,345 
Long-term lease liabilities370,976 349,409 350,797 
Total operating lease liabilities$523,903 $502,611 $516,142 
Weighted Average Remaining Lease Term (years)4.34.24.0
Weighted Average Discount Rate (1)
5.7 %5.3 %4.6 %
(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.
Schedule of Maturities of Operating Lease Liabilities
Maturities of operating lease liabilities as of July 29, 2023 were as follows:
Fiscal Year Ending:
February 3, 2024$96,318 
February 1, 2025165,203 
January 31, 2026121,772 
January 30, 202787,308 
January 29, 202858,660 
Thereafter70,381 
Total future minimum lease payments$599,642 
Less imputed interest(75,739)
Total$523,903