Leases (Tables)

6 Months Ended

Aug. 02, 2025

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.

Schedule of Supplemental Cash Flow Information Related to Leases

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

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

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%

Schedule of Maturities of Operating Leases Liabilities

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

(1)

Amounts in the table do not include contingent rent, common area maintenance charges and other non-lease components.