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

Leases (Tables)

12 Months Ended

Feb. 01, 2026

Components of lease expense were as follows (in thousands):


	2026		2025		2024
Operating lease expense	$	37,629	$	34,469	$	30,305
Variable and short term lease expense	5,877		7,465		13,290
Total lease expense	$	43,506	$	41,934	$	43,595

Future minimum lease payments under non-cancelable leases as of February 1, 2026 were as follows (in thousands):



2027	$	35,232
2028	36,770
2029	33,588
2030	31,690
2031	26,436
Thereafter	74,481
Total undiscounted future minimum lease payments	238,197
Less: imputed interest	(45,686)
Total present value of lease obligations	192,511
Less: current operating lease liability	(24,111)
Operating lease liability- long term	$	168,400

The following table presents income taxes paid, net of refunds received, disaggregated by jurisdiction (in thousands):

Supplemental cash flow information related to our operating leases is as follows (in thousands):


	2026		2025		2024
Operating cash flow information:
Amounts paid on operating lease liabilities	$	39,043	$	34,651	$	29,748
Non-cash activities:
Right-of-use assets obtained in exchange for lease obligations	$	28,840	$	22,639	$	42,064
Weighted average remaining lease term - operating leases	6.9 years		6.9 years		7.5 years
Weighted average discount rate - operating leases	5.59%		5.23%		4.97%