At August 2, 2025, we had operating leases for our retail stores, certain distribution and fulfillment facilities, vehicles and equipment. Our remaining lease terms vary from under one month to eleven years, with varying renewal and termination options.

The following table presents components of lease expense (in thousands):


	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Operating lease expense	$	19,267	$	20,174	$	35,783	$	36,812
Variable lease expense		1,689		1,256		5,995		4,633
Total lease expense (1)	$	20,956	$	21,430	$	41,778	$	41,445

(1)

Total lease expense includes short-term lease expense and sublease income which is immaterial to the Company. Total lease expense does not include right-of-use asset impairment charges, common area maintenance charges and other non-lease components.

Supplemental cash flow information related to leases is as follows (in thousands):


	Six Months Ended
	August 2, 2025			August 3, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(35,065	)	$	(36,817	)
Right-of-use assets obtained in exchange for new operating lease liabilities		23,985			46,978

Weighted-average remaining lease term and discount rate were as follows:


	August 2, 2025	August 3, 2024
Weighted-average remaining lease term	4.7	4.8
Weighted-average discount rate	4.8%	4.3%

At August 2, 2025, the maturities of our operating leases liabilities are as follows (in thousands):


Fiscal 2025	$	32,912
Fiscal 2026		60,619
Fiscal 2027		48,190
Fiscal 2028		29,439
Fiscal 2029		19,940
Fiscal 2030		15,600
Thereafter		27,710
Total minimum lease payments		234,410
Less: interest		(25,687	)
Present value of lease obligations		208,723
Less: current portion		(55,608	)
Long-term lease obligations (1)	$	153,115

At August 2, 2025, we do not have operating leases that were contractually executed, but had not yet commenced.