v3.25.1
LEASES (Tables)
 12 Months Ended
Feb. 01, 2025
Leases [Abstract]  
Lease, Cost
The following components of lease expense were recognized in the Company’s Consolidated Statements of Operations:
 Fiscal Years Ended
February 1, 2025February 3, 2024January 28, 2023
(in thousands)
Fixed operating lease cost$90,129 $91,066 $99,988 
Variable operating lease cost24,425 44,195 51,905 
Total operating lease cost$114,554 $135,261 $151,893 
The following table provides the weighted-average remaining lease term of the Company’s operating leases, the weighted-average discount rate used to calculate the Company’s operating liabilities, cash paid for amounts included in the measurement of the Company’s operating lease liabilities, and ROU assets obtained in exchange for the Company’s new operating lease liabilities:
 Fiscal Years Ended
February 1, 2025February 3, 2024
Weighted-average remaining lease term (years)4.34.2
Weighted average discount rate (%)8.1 7.1 
Cash paid for amounts included in the measurement of operating lease liabilities ($, in millions)79.1 93.4 
ROU assets obtained in exchange for new operating lease liabilities ($, in millions)71.8 120.5 
Lessee, Operating Lease, Liability, Maturity
As of February 1, 2025, the maturities of operating lease liabilities were as follows:
February 1, 2025
(in thousands)
2025$78,499 
202649,253 
202723,993 
202816,325 
202910,715 
Thereafter34,642 
Total operating lease payments213,427 
Less: imputed interest(38,733)
Present value of operating lease liabilities$174,694