Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
 3 Months Ended
Apr. 30, 2023
Leases [Abstract]  
Schedule of components of lease expense
Components of lease expense were as follows (in thousands):
Thirteen weeks ended
April 30, 2023 May 01, 2022
Operating lease expense $ 7,004  $ 5,334 
Variable lease expense 2,056  2,214 
Short term lease expense 240  179 
Total lease expense $ 9,300  $ 7,727 
Schedule of lease terms and rates
The Company’s weighted average lease terms and weighted average discount rates are as follows:
Thirteen weeks ended
April 30, 2023 May 01, 2022
(As Restated)
Weighted average remaining lease term (in years)
Operating Leases 7.5 7.2
Weighted average discount rate
Operating Leases 4.43  % 3.97  %
Schedule to reconcile undiscounted future minimum lease payments
Future minimum lease payments under non-cancelable leases as of April 30, 2023 were as follows (in thousands):
(amounts in thousands) (As Restated)
2024 $ 16,445 
2025 28,909 
2026 26,501 
2027 24,170 
2028 21,869 
Thereafter 73,477 
Total undiscounted future minimum lease payments 191,371 
Less: imputed interest (31,612)
Total present value of lease obligations 159,759 
Less: current operating lease liability (16,933)
Operating lease liability- long term $ 142,826 
Schedule of supplemental cash flow information and non-cash activity related to operating leases
Supplemental Cash Flow information and non-cash activity related to our operating leases is as follows (in thousands):
Thirteen weeks ended
(amounts in thousands) April 30, 2023 May 01, 2022
(As Restated)
Operating cash flow information:  
Amounts paid on operating lease liabilities $ 6,945  $ 4,062 
Non-cash activities
Right-of-use assets obtained in exchange for lease obligations $ 16,118  $ 12,513