v3.26.1
Leases (Tables)
6 Months Ended
Aug. 01, 2026
Leases [Abstract]  
Components of Lease Expense

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.
Schedule of Supplemental Cash Flow Information Related to Leases

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

 

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

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

%

Schedule of Maturities of Operating Leases Liabilities

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

 

(1)
Amounts in the table do not include contingent rent, common area maintenance charges and other non-lease components.