Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.1
Leases (Tables)
 12 Months Ended
Feb. 02, 2025
Leases [Abstract]  
Schedule of components of lease expense
Components of lease expense were as follows (in thousands):
2025 2024 2023
Operating lease expense $ 34,469  $ 30,305  $ 24,173 
Variable and short term lease expense 7,465  13,290  16,803 
Total lease expense $ 41,934  $ 43,595  $ 40,976 
Schedule of expected future annual minimum rental payments
Future minimum lease payments under non-cancelable leases as of February 2, 2025 were as follows (in thousands):
2026 $ 32,024 
2027 33,583 
2028 31,331 
2029 28,826 
2030 26,810 
Thereafter 70,284 
Total undiscounted future minimum lease payments 222,858 
Less: imputed interest (39,835)
Total present value of lease obligations 183,023 
Less: current operating lease liability (22,662)
Operating lease liability- long term $ 160,361 
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):

2025 2024 2023
Operating cash flow information:
Amounts paid on operating lease liabilities $ 34,651 $ 29,748 $ 23,724
Non-cash activities
Net additions to right-of-use assets obtained in exchange for lease obligations $ 22,639 $ 42,064 $ 53,239
Weighted average remaining lease term - operating leases 6.9 years 7.5 years 7.4 years
Weighted average discount rate - operating leases 5.23% 4.97% 4.10%