v3.25.1
Leases (Tables)
3 Months Ended
May 03, 2025
Leases [Abstract]  
Summary of lease expense

In accordance with ASC 842, total lease expense was comprised of the following for the periods presented:

 

 

Thirteen Weeks Ended

 

 

May 3,

 

 

May 4,

 

 

2025

 

 

2024

 

Operating lease expense

 

$

17,319

 

 

$

17,036

 

Variable lease expense

 

 

6,557

 

 

 

6,228

 

Short-term lease expense

 

 

101

 

 

 

134

 

Total lease expense

 

$

23,977

 

 

$

23,398

 

Schedule of other information

In accordance with ASC 842, other information related to leases was as follows for the periods presented:

 

 

Thirteen Weeks Ended

 

 

May 3,

 

 

May 4,

 

 

2025

 

 

2024

 

Operating cash outflows from operating leases

 

$

18,265

 

 

$

18,518

 

 

 

As of May 3,

 

 

As of May 4,

 

 

2025

 

 

2024

 

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

 

$

(3,953

)

 

$

7,052

 

Terminated right-of-use assets and liabilities

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

6.08

 

 

 

6.00

 

Weighted-average discount rate - operating leases

 

 

7.39

%

 

 

7.68

%

Schedule of maturities of operating lease liabilities

In accordance with ASC 842, maturities of operating lease liabilities as of May 3, 2025 were as follows:

 

 

Operating

 

Fiscal Year Ending:

 

Leases

 

2025 (remainder)

 

$

55,901

 

2026

 

 

74,193

 

2027

 

 

67,568

 

2028

 

 

61,984

 

2029

 

 

52,807

 

Thereafter

 

 

152,745

 

Undiscounted cash flows

 

$

465,198

 

Reconciliation of lease liabilities:

 

 

 

Present values

 

$

362,432

 

Lease liabilities - current

 

 

50,466

 

Lease liabilities - noncurrent

 

 

311,966

 

Lease liabilities - total

 

$

362,432

 

Difference between undiscounted and discounted cash flows

 

$

102,766