Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
 9 Months Ended
Oct. 29, 2023
Leases [Abstract]  
Schedule of Components of Lease Expense
Components of lease expense were as follows (in thousands):
Thirteen weeks ended Thirty-nine weeks ended
October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022
Operating lease expense $ 7,601  $ 6,326  $ 21,996  $ 17,468 
Variable lease expense 2,498  3,973  7,040  10,178 
Short term lease expense 252  180  899  539 
Total lease expense $ 10,351  $ 10,479  $ 29,935  $ 28,185 
Schedule to Reconcile Undiscounted Future Minimum Lease Payments
Future minimum lease payments under non-cancelable leases as of October 29, 2023 were as follows (in thousands):
(amounts in thousands)
2024 $ 982 
2025 30,596 
2026 28,401 
2027 26,123 
2028 23,880 
Thereafter 84,150 
Total undiscounted future minimum lease payments 194,132 
Less: imputed interest (32,310)
Total present value of lease obligations 161,822 
Less: current operating lease liability (16,966)
Operating lease liability- long term $ 144,856 
Schedule of Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases
Supplemental information related to our operating leases is as follows (in thousands):
Thirty-nine weeks ended
(amounts in thousands) October 29, 2023 October 30, 2022
Operating cash flow information:  
Amounts paid on operating lease liabilities $ 21,957  $ 13,227 
Non-cash activities:
Right-of-use assets obtained in exchange for lease obligations $ 25,672  $ 43,834 
Weighted average remaining lease term - operating leases 7.4 years 7.5 years
Weighted average discount rate - operating leases 4.58  % 4.07  %