v3.23.1
Leases (Tables)
3 Months Ended
Apr. 29, 2023
Leases  
Schedule of lease expense

Thirteen Weeks Ended

April 29, 2023

April 30, 2022

Operating lease cost

$

15,791

$

13,861

Variable lease cost

 

2,860

 

2,333

Short term lease cost

 

393

 

346

Total lease cost

$

19,044

$

16,540

Schedule of future minimum rent payments under operating leases

Future minimum lease payments as of April 29, 2023 are as follows (in thousands):

Fiscal Year

    

Lease Costs

 

 

Remainder of 2023

    

$

43,436

2024

58,476

2025

 

48,020

2026

 

37,240

2027

 

27,162

Thereafter

 

120,839

Total future minimum lease payments

335,173

Less: imputed interest

(77,799)

(1)

Total present value of lease liabilities

$

257,374

(2)

(1)Calculated using the discount rate for each lease.
(2)Includes short-term and long-term portions of operating lease liabilities.
Schedule of supplemental cash flow and other information

Supplemental cash flows and other information related to operating leases are as follows (in thousands, except for weighted average amounts):

    

Thirteen Weeks Ended

April 29, 2023

April 30, 2022

Cash paid for operating leases

    

$

20,820

$

14,557

Right of use assets obtained in exchange for new operating lease liabilities

$

8,195

$

52,327

 

 

Weighted average remaining lease term (years) - operating leases

 

7.75

 

7.37

Weighted average discount rate - operating leases

4.60%

3.71%