The table below presents information related to the lease costs for operating leases for the periods presented (in thousands).

(1) Variable lease costs consist of leases with variable rent structures, which are intended to increase flexibility in an environment with expected high sales volatility and provide a natural hedge against potential sales declines.

Other information

The table below presents supplemental cash flow information related to leases for the periods presented (in thousands).

Operating cash flows for operating leases for fiscal 2024 increased from the operating cash flows for operating leases for the same periods in fiscal 2023 and fiscal 2022, primarily due to increased corporately-managed store count and overall increases in market rent.

As of February 1, 2025, the weighted-average remaining operating lease term was 6.0 years and the weighted-average discount rate was 7.2% for operating leases recognized on the consolidated balance sheet.

The Company recorded immaterial impairment charges during fiscal 2024, fiscal 2023 and fiscal 2022 against its right-of-use operating lease assets in the Company's DTC segment. 

Undiscounted cash flows

The table below reconciles the undiscounted cash flows for each of the first five years and total remaining years to the operating lease liabilities recorded on the balance sheet (in thousands).

As of February 1, 2025, the Company had additional executed leases that had not yet commenced with operating lease liabilities totaling $29.3 million. These leases are expected to commence in the first quarter of fiscal 2025 with lease terms of five to twenty years.