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LEASES (Tables)
9 Months Ended
Oct. 28, 2023
Leases [Abstract]  
Schedule of Operating Lease Expense
Operating lease expense was as follows:
Thirteen Weeks EndedThirty-Nine Weeks Ended
October 28, 2023October 29, 2022October 28, 2023October 29, 2022
Operating lease cost (1)
$58,132 $55,608 $169,916 $163,271 
(1) For the thirteen and thirty-nine weeks ended October 28, 2023, includes $14.3 million and $41.1 million, respectively, in variable lease costs. For the thirteen and thirty-nine weeks ended October 29, 2022, includes $9.7 million and $28.5 million, respectively, in variable lease costs.
Supplemental cash flow information related to operating leases was as follows:
Thirty-Nine Weeks Ended
October 28, 2023October 29, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows$145,729 $155,561 
Right of use assets obtained in exchange for lease obligations, non-cash145,342 88,484 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to operating leases was as follows:
October 28, 2023January 28, 2023October 29, 2022
Right of use assets$466,888 $435,321 $432,018 
Current lease liabilities$150,053 $153,202 $157,687 
Long-term lease liabilities373,823 349,409 346,560 
Total operating lease liabilities$523,876 $502,611 $504,247 
Weighted Average Remaining Lease Term (years)4.44.24.1
Weighted Average Discount Rate (1)
5.9 %5.3 %5.0 %
(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 October 28, 2023 were as follows:
Fiscal Year Ending:
February 3, 2024$48,986 
February 1, 2025171,076 
January 31, 2026129,459 
January 30, 202795,434 
January 29, 202866,278 
Thereafter92,906 
Total future minimum lease payments$604,139 
Less imputed interest(80,263)
Total$523,876