Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

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Leases (Tables)
 12 Months Ended
Feb. 04, 2024
Leases [Abstract]  
Schedule of components of lease expense
Components of lease expense were as follows (in thousands):
2024 2023 2022
Operating lease expense $ 30,305  $ 24,173  $ 18,902 
Variable lease expense 11,820  16,082  10,489 
Short term lease expense 1,470  721  336 
Total lease expense $ 43,595  $ 40,976  $ 29,727 
Schedule of expected future annual minimum rental payments
Future minimum lease payments under non-cancelable leases as of February 4, 2024 were as follows (in thousands):
2025 $ 25,897 
2026 31,304 
2027 29,134 
2028 26,958 
2029 24,397 
Thereafter 76,790 
Total undiscounted future minimum lease payments 214,480 
Less: imputed interest (38,976)
Total present value of lease obligations 175,504 
Less: current operating lease liability (17,628)
Operating lease liability- long term $ 157,876 
Schedule of Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases
Supplemental cash flow information related to our operating leases is as follows (in thousands):

2024 2023 2022
Operating cash flow information:
Amounts paid on operating lease liabilities $ 29,748 $ 23,724 $ 14,400
Non-cash activities
Net additions to right-of-use assets obtained in exchange for lease obligations $ 42,064 $ 53,239 $ 116,048
Weighted average remaining lease term - operating leases 7.47 7.40 6.29
Weighted average discount rate - operating leases 4.97% 4.10% 3.44%