Quarterly report pursuant to Section 13 or 15(d)

Commitments, Contingency and Related Parties (Tables)

v3.21.2
Commitments, Contingency and Related Parties (Tables)
6 Months Ended
Aug. 01, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of lease terms and rates
    August 1,
2021
 
Weighted average remaining lease term (in years)      
Operating Leases     7.0  
         
Weighted average discount rate        
Operating Leases     3.76 %

 

Schedule of location and amount of operating lease costs within condensed consolidated balance sheets
    Balance sheet location   August 1,
2021
 
Assets          
Operating leases   Operating lease right-of-use assets (non-current)   $ 88,900,462  
             
Liabilities            
Current:            
Operating leases   Current operating lease liabilities     14,536,004  
             
Noncurrent:            
Operating leases   Operating lease liability, long term     83,707,124  
             
Total lease liabilities       $ 98,243,128  

 

Schedule of reconciles undiscounted future minimum lease payments
Remainder 2022   $ 7,512,755  
2023     17,725,139  
2024     17,140,692  
2025     15,967,063  
2026     14,291,166  
Thereafter     40,311,548  
Total undiscounted future minimum lease payments     112,948,363  
Less:inputed interest     (14,705,235 )
Total present value of lease obligations     98,243,128  
Less: current operating lease liability     (14,536,004 )
Operating lease liability- long term   $ 83,707,124  

 

Schedule of supplemental cash flow information and non-cash activity related to operating leases
    For the
twenty-six
weeks ended
August 1,
2021
 
Operating cash flow information:      
Amounts paid on operating lease liabilities   $ 8,351  
Non-cash activities        
Right-of-use assets obtained in exchange for lease obligations   $ 96,560