v3.26.1
Equity Method Investment (Tables)
3 Months Ended
May 01, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Financial Information Related to Equity Method Investment

The following table is a summary of the Company’s Equity method investment:

 

 

May 1, 2026

 

(in thousands)

 

% of Ownership

 

Balance Sheet Location

 

Balance

 

LE Topco, LLC

 

50.00%

 

Equity Method Investment

 

$

375,758

 

Summarized financial information related to the Company’s equity method investment in the JV is reflected below:

 

 

 

13 Weeks Ended

 

(in thousands)

 

May 1, 2026 (1)

 

Revenue

 

$

4,227

 

Gross profit

 

 

4,227

 

Operating expenses

 

 

440

 

Intangible asset amortization

 

 

3,393

 

Total operating expenses

 

 

3,833

 

Net earnings

 

$

394

 

Earnings attributable to the equity method investment

 

$

197

 

(1)
Represents the period from the closing date of April 1, 2026 to May 1, 2026.

 

(in thousands)

 

May 1, 2026

 

Current assets

 

$

6,232

 

Non-current assets

 

 

745,229

 

Total assets

 

$

751,461

 

Current liabilities

 

 

420

 

Total liabilities

 

$

420