At May 2, 2026, 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
	May 2, 2026		May 3, 2025
Operating lease expense	$	17,146	$	16,516
Variable lease expense		4,500		4,306
Total lease expense (1)	$	21,646	$	20,822

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


	Three Months Ended
	May 2, 2026			May 3, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(15,947	)	$	(16,588	)
Right-of-use assets obtained in exchange for new operating lease liabilities	$	19,377		$	10,471

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


	May 2, 2026			May 3, 2025
Weighted-average remaining lease term		4.6			4.8
Weighted-average discount rate		4.9	%		4.7	%

At May 2, 2026, the maturities of our operating leases liabilities are as follows (in thousands):


Fiscal 2026	$	48,847
Fiscal 2027		59,769
Fiscal 2028		37,819
Fiscal 2029		25,919
Fiscal 2030		20,997
Fiscal 2031		14,972
Thereafter		20,703
Total minimum lease payments		229,026
Less: interest		(25,193	)
Present value of lease obligations		203,833
Less: current portion		(55,824	)
Long-term lease obligations (1)	$	148,009

At May 2, 2026, we have excluded from the table above $2.4 million of operating leases that were contractually executed, but had not yet commenced. These operating leases are expected to commence by the end of fiscal 2026.