Quarterly report pursuant to Section 13 or 15(d)

Leases

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Leases
3 Months Ended
May 05, 2024
Leases [Abstract]  
Leases Leases
Components of lease expense were as follows (in thousands):
Thirteen weeks ended
May 5,
2024
April 30,
2023
Operating lease expense $ 8,382  $ 7,004 
Variable and short term lease expense 1,202  2,296 
Total lease expense $ 9,584  $ 9,300 
Variable lease expense includes index-based changes in rent, maintenance, real estate taxes, insurance and other variable charges included in the lease as well as rental expenses related to short term leases.
During the thirteen weeks ended May 5, 2024 and April 30, 2023, we did not recognize any impairment charges associated with showroom-level right-of-use assets.
Supplemental information related to our operating leases is as follows (in thousands):
Thirteen weeks ended
(amounts in thousands) May 5,
2024
April 30,
2023
Operating cash flow information:  
Amounts paid on operating lease liabilities $ 8,013  $ 6,945 
Non-cash activities:
Right-of-use assets obtained in exchange for lease obligations $ 9,673  $ 16,118 
Weighted average remaining lease term - operating leases 7.3 years 7.5 years
Weighted average discount rate - operating leases 5.00  % 4.43  %