Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)
3 Months Ended
May 01, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of lease terms and rates
The Company’s lease terms and rates are as follows:
  May 1,
Weighted average remaining lease term (in years)
Operating Leases 7.2
Weighted average discount rate
Operating Leases 3.97  %
Schedule of location and amount of operating lease costs within condensed consolidated balance sheets
The following table discloses the location and amount of our operating lease costs within our condensed consolidated balance sheets:
(amounts in thousands) Balance sheet location May 1,
Operating leases Operating lease right-of-use assets (non-current) $ 107,930 
Operating leases Current operating lease liabilities $ 17,530 
Operating leases Operating lease liability, long term 103,480 
Total lease liabilities   $ 121,010 
Schedule to reconcile undiscounted future minimum lease payments
The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable leases with terms of more than one year to the total lease liabilities recognized on the condensed consolidated balance sheet as of May 1, 2022 in thousands:
(amounts in thousands)
Remainder 2023 $ 16,571 
2024 21,582 
2025 20,310 
2026 18,187 
2027 15,739 
Thereafter 48,498 
Total undiscounted future minimum lease payments 140,887 
Less: imputed interest (19,877)
Total present value of lease obligations 121,010 
Less: current operating lease liability (17,530)
Operating lease liability- long term $ 103,480 
Schedule of supplemental cash flow information and non-cash activity related to operating leases
Supplemental Cash Flow information and non-cash activity related to our operating leases is as follows (in thousands):
(amounts in thousands) For the thirteen weeks ended May 1, 2022 For the thirteen weeks ended May 2, 2021
Operating cash flow information:  
Amounts paid on operating lease liabilities $ 4,062  $ 3,400 
Non-cash activities
Right-of-use assets obtained in exchange for lease obligations $ 12,513  $ 94,275