Leases (Tables)

3 Months Ended

May 04, 2025

Leases [Abstract]

Expense Components Leases Reflected Consolidated Statement of Operations


		Consolidated Statement		Three Months Ended
		of Operations		May 4, 2025			April 28, 2024
(in thousands)
Finance lease expenses
Amortization of right-of-use ‎assets		Selling, general and ‎administrative expenses		$	722		$	838
Interest on lease liabilities		Interest expense			368			409
Total finance lease expense				$	1,090		$	1,247
Operating lease expense		Selling, general and ‎administrative expenses		$	4,898		$	5,093
Amortization of build-to-suit ‎leases capital contribution		Selling, general and ‎administrative expenses			321			321
Variable lease expense		Selling, general and ‎administrative expenses			2,801			2,922
Total lease expense				$	9,110		$	9,583

Other Information Related to Leases


		Three Months Ended
		May 4, 2025			April 28, 2024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases		$	622		$	737
Operating cash flows from finance leases		$	368		$	409
Operating cash flows from operating leases		$	4,921		$	5,268

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases		$	1,398		$	-

Weighted-average remaining lease term (in years):
Finance leases			10			10
Operating leases			6			7

Weighted-average discount rate:
Finance leases			4.5%			4.5%
Operating leases			4.4%			4.2%

Future Minimum Lease Payments Under Non-Cancellable Leases


Fiscal year		Finance			Operating
(in thousands)
2025 (remainder of fiscal year)		$	2,981			14,961
2026			3,993			19,860
2027			3,993			18,552
2028			4,017			16,641
2029			4,217			14,116
Thereafter			20,997			33,447
Total future minimum lease payments		$	40,198		$	117,577
Less – Discount			(7,658)			(15,231)
Lease liability		$	32,540		$	102,346