Quarterly report pursuant to Section 13 or 15(d)

Commitments, Contingencies and Related Parties (Tables)

v3.21.1
Commitments, Contingencies and Related Parties (Tables)
 3 Months Ended
May 02, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of lease terms and rates
    May 2,
2021		  
Weighted average remaining lease term (in years)      
Operating Leases     7.1  
         
Weighted average discount rate        
Operating Leases     3.70 %

 
Schedule of amount of expense within condensed consolidated statements of operations
    Thirteen weeks ended
May 2,
2021		  
Operating Lease Cost   $ 3,546  
Short term lease cost     167  
Additional lease cost (1)     2,087  
Total Lease Expense   $ 5,800  

 

(1) Additional lease payments include index-based changes in rent, maintenance, real estate taxes, insurance and other charges included in the lease

 
Schedule of location and amount of operating lease costs within condensed consolidated balance sheets
    Balance sheet location   May 2,
2021		  
Assets          
Operating leases   Operating lease right-of-use assets (non-current)   $ 90,745,429  
             
Liabilities            
Current:            
Operating leases   Current operating lease liabilities     14,287,019  
Noncurrent:            
Operating leases   Operating lease liability, long term     84,732,550  
Total lease liabilities       $ 99,019,569  

 
Schedule of reconciles undiscounted future minimum lease payments
Remainder 2022   $ 11,395,157  
2023     17,121,688  
2024     16,836,144  
2025     15,654,092  
2026     13,969,500  
Thereafter     38,086,783  
Total undiscounted future minimum lease payments     113,063,364  
Less: imputed interest     (14,043,795 )
Total present value of lease obligations     99,019,569  
Less: current operating lease liability     (14,287,019 )
Operating lease liability- long term   $ 84,732,550  

 
Schedule of supplemental cash flow information and non-cash activity related to operating leases
    For the thirteen
weeks ended
May 2,
2021		  
Operating cash flow information:      
Amounts paid on operating lease liabilities   $ 4,070  
         
Non-cash activities        
Right-of-use assets obtained in exchange for lease obligations   $ 4,743