Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
 6 Months Ended
Jul. 30, 2023
Leases [Abstract]  
Schedule of components of lease expense
Components of lease expense were as follows (in thousands):
Thirteen weeks ended Twenty-six weeks ended
July 30, 2023 July 31, 2022 July 30, 2023 July 31, 2022
Operating lease expense $ 7,391  $ 5,808  $ 14,395  $ 11,142 
Variable lease expense 2,486  3,991  4,542  6,205 
Short term lease expense 407  180  647  359 
Total lease expense $ 10,284  $ 9,979  $ 19,584  $ 17,706 
Schedule to reconcile undiscounted future minimum lease payments
Future minimum lease payments under non-cancelable leases as of July 30, 2023 were as follows (in thousands):
(amounts in thousands)
2024 $ 7,896 
2025 30,562 
2026 28,231 
2027 25,946 
2028 23,692 
Thereafter 82,929 
Total undiscounted future minimum lease payments 199,256 
Less: imputed interest (33,753)
Total present value of lease obligations 165,503 
Less: current operating lease liability (16,072)
Operating lease liability- long term $ 149,431 
Schedule of supplemental cash flow information and non-cash activity related to operating leases
Supplemental information related to our operating leases is as follows (in thousands):
Twenty-six weeks ended
(amounts in thousands) July 30, 2023 July 31, 2022
Operating cash flow information:  
Amounts paid on operating lease liabilities $ 14,208  $ 8,501 
Non-cash activities:
Right-of-use assets obtained in exchange for lease obligations $ 24,676  $ 20,702 
Weighted average remaining lease term - operating leases 7.6 years 7.3 years
Weighted average discount rate - operating leases 4.55  % 4.01  %