v3.26.1
Leases (Tables)
 3 Months Ended
May 02, 2026
Leases [Abstract]  
Maturity of Operating Lease Liabilities
The following table summarizes the maturity of the Company’s operating lease liabilities by fiscal year as of May 2, 2026:
 
   
May 2,
2026
  
   
(in thousands)
  
Remainder of 2026
  
$
91,376
  
2027
    
145,069
  
2028
    
130,176
  
2029
    
109,408
  
2030
    
86,307
  
Thereafter
    
300,602
  
Total undiscounted lease payments (1)
    
862,938
  
Less:  Imputed interest
    
(154,999
)
Total lease obligations
    
707,939
  
Less:  Current obligations under leases
    
(111,764
)
Long-term lease obligations
  
$
596,175
  

 
(1)
Lease obligations exclude $57.4 million of minimum lease payments for leases signed but not commenced.
Other Information Related to Operating Leases
The following table summarizes other information related to the Company’s operating leases as of and for the respective periods:
 
   
Thirteen weeks ended
  
   
May 2,
2026
   
May 3,
2025
 
   
(dollars in thousands)
  
Cash paid for operating leases
  
$
51,100
    
$
33,543
  
Operating lease cost
    
36,452
      
32,157
  
Variable lease cost
    
5,707
      
4,504
  
Non-cash right-of-use assets obtained in exchange for lease obligations
    
22,351
      
94,952
  
Weighted-average remaining lease term
  
8.15 years
    
8.6 years
  
Weighted-average discount rate
    
4.5
%
    
4.4
%