Leases (Tables)

3 Months Ended

May 03, 2026

The components of operating lease costs during the periods presented were as follows (in thousands):


	First Quarter of Fiscal
	2026		2027
Fixed operating lease cost	$	12,867	$	13,830

Variable lease cost (1)	2,033		3,372
Short-term lease cost (12 months or less)	1,126		1,361






Total lease cost	$	16,026	$	18,563

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(1) Variable lease cost predominantly included common area maintenance charges.

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


	At the End of
	Fiscal 2026		First Quarter of Fiscal 2027
Operating leases:
Weighted-average remaining lease term (in years)	4.7		5.3
Weighted-average discount rate	6.5	%	5.7	%

Schedule of Cash Flow, Supplemental Disclosures

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


	First Quarter of Fiscal
	2026		2027
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	16,369	$	14,014

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	1,473	$	31,261

Schedule of Future Lease Payments Under Non-Cancelable Leases

Future lease payments under our non-cancelable operating leases at the end of the first quarter of fiscal 2027 are as follows (in thousands):


Fiscal Years Ending	Operating Leases
Remainder of 2027	$	27,411
2028	56,518
2029	56,053
2030	53,042
2031	44,478
Thereafter	33,946
Total future lease payments	271,448
Less: imputed interest	(40,487)
Present value of total lease liabilities	$	230,961

Schedule of Sales-Type Leases, Payment to be Received, Maturity

Future minimum gross lease payments allocated to the sales-type leases and operating lease components are as follows (in thousands). The remaining lease payments of $182.7 million allocated to the non-lease components are excluded from the table below.


Fiscal Years Ending	Sales-Type Leases		Operating Lease
Remainder of 2027	$	16,325	$	9,406
2028	21,267		9,063
2029	24,916		3,354
2030	29,300		—
2031	29,300		—
Thereafter	33,541		—
Total future lease payments to be received	$	154,649	$	21,823

Schedule of Lessor, Operating Lease, Payment to be Received, Maturity


Fiscal Years Ending	Sales-Type Leases		Operating Lease
Remainder of 2027	$	16,325	$	9,406
2028	21,267		9,063
2029	24,916		3,354
2030	29,300		—
2031	29,300		—
Thereafter	33,541		—
Total future lease payments to be received	$	154,649	$	21,823