Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jul. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of lease terms and rates
The Company’s lease terms and rates are as follows:
  July 31,
2022
Weighted average remaining lease term (in years)
Operating Leases 7.3
 
Weighted average discount rate
Operating Leases 4.01  %
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 balance sheets:
(amounts in thousands) Balance sheet location July 31,
2022
Assets    
Operating leases Operating lease right-of-use assets (non-current) $ 113,823 
   
Liabilities  
Current:  
Operating leases Current operating lease liabilities $ 18,514 
   
Noncurrent:  
Operating leases Operating lease liability, long term 109,864 
   
Total lease liabilities   $ 128,378 
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 balance sheet as of July 31, 2022:
(amounts in thousands)
Remainder 2023 $ 11,743 
2024 23,011 
2025 21,760 
2026 19,671 
2027 17,313 
Thereafter 56,226 
Total undiscounted future minimum lease payments 149,724 
Less: imputed interest (21,346)
Total present value of lease obligations 128,378 
Less: current operating lease liability (18,514)
Operating lease liability- long term $ 109,864 
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:
(amounts in thousands) For the twenty-six weeks ended July 31, 2022 For the twenty-six weeks ended August 1, 2021
Operating cash flow information:  
Amounts paid on operating lease liabilities $ 8,501  $ 8,351 
Non-cash activities
Right-of-use assets obtained in exchange for lease obligations $ 21,302  $ 96,560