At August 1, 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				Six Months Ended
	August 1, 2026		August 2, 2025		August 1, 2026		August 2, 2025
Operating lease expense	$	20,446	$	19,267	$	37,592	$	35,783
Variable lease expense		899		1,689		5,399		5,995
Total lease expense (1)	$	21,345	$	20,956	$	42,991	$	41,778

(1)

Total lease expense does not include right-of-use asset impairment charges, common area maintenance charges and other non-lease components.

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


	Six Months Ended
	August 1, 2026		August 2, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	39,875	$	35,065
Right-of-use assets obtained in exchange for new operating lease liabilities		61,753		23,985

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


	August 1, 2026			August 2, 2025
Weighted-average remaining lease term		4.7			4.7
Weighted-average discount rate		4.9	%		4.8	%

At August 1, 2026, the maturities of our operating lease liabilities are as follows (in thousands):


Fiscal 2026	$	33,917
Fiscal 2027		68,486
Fiscal 2028		46,623
Fiscal 2029		34,941
Fiscal 2030		29,709
Fiscal 2031		16,953
Thereafter		24,864
Total minimum lease payments		255,493
Less: interest		(28,289	)
Present value of lease obligations		227,204
Less: current portion		(59,203	)
Long-term lease obligations (1)	$	168,001

At August 1, 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.