v3.26.1
Leases (Tables)
3 Months Ended
May 02, 2026
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 2,

 

 

May 3,

 

 

2026

 

 

2025

 

Operating lease expense

 

$

17,464

 

 

$

17,319

 

Finance lease expense

 

$

87

 

 

$

 

Variable lease expense

 

 

6,509

 

 

 

6,557

 

Short-term lease expense

 

 

148

 

 

 

101

 

Total lease expense

 

$

24,208

 

 

$

23,977

 

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 2,

 

 

May 3,

 

 

2026

 

 

2025

 

Operating cash flows from operating leases

 

$

19,116

 

 

$

18,265

 

Operating cash flows from finance leases

 

 

87

 

 

 

 

 

 

As of May 2,

 

 

As of May 3,

 

 

2026

 

 

2025

 

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

 

$

(112

)

 

$

(3,953

)

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

Operating leases

 

 

5.58

 

 

 

6.08

 

Finance leases

 

 

3.85

 

 

 

-

 

Weighted-average discount rate

 

 

 

 

 

 

Operating leases

 

 

7.3

%

 

 

7.4

%

Finance leases

 

 

0.05

 

 

 

-

 

Schedule of maturities of operating lease liabilities

In accordance with ASC 842, maturities of operating lease liabilities as of May 2, 2026 were as follows:

 

 

Operating

 

 

Finance

 

Fiscal Year Ending:

 

Leases

 

 

Leases

 

2026 (remainder)

 

$

57,640

 

 

$

261

 

2027

 

 

71,906

 

 

 

348

 

2028

 

 

65,970

 

 

 

348

 

2029

 

 

56,807

 

 

 

261

 

2030

 

 

51,136

 

 

 

 

Thereafter

 

 

111,453

 

 

 

 

Undiscounted cash flows

 

$

414,912

 

 

$

1,218

 

Reconciliation of lease liabilities:

 

 

 

 

 

 

Present values

 

$

331,480

 

 

$

1,122

 

Lease liabilities - current

 

 

54,991

 

 

 

298

 

Lease liabilities - noncurrent

 

 

276,489

 

 

 

824

 

Lease liabilities - total

 

$

331,480

 

 

$

1,122

 

Difference between undiscounted and discounted cash flows

 

$

83,432

 

 

$

96