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Accounting for Leases (Tables)

12 Months Ended

Feb. 02, 2014

Schedule of Total Rental Expense for All Operating Leases

Total rental expense for all operating leases was as follows:

		Fiscal Year Ended
Dollars in thousands		Feb. 2, 2014 (52 Weeks)				Feb. 3, 2013 (53 Weeks)				Jan. 29, 2012 (52 Weeks)
Rent expense		$	201,727			$	189,060			$	186,346
Contingent rent expense			34,608				35,634				34,390
Rent expense before deferred lease incentive income			236,335				224,694				220,736
Deferred lease incentive income			(25,385	)			(26,694	)			(27,547	)
Less: sublease rental income			(536	)			(535	)			(382	)
Total rent expense1		$	210,414			$	197,465			$	192,807

¹  Excludes all other occupancy-related costs including depreciation, common area maintenance, utilities and property taxes.

Schedule of Aggregate Future Minimum Annual Cash Rental Payments Under Non-Cancelable Operating Leases

The aggregate future minimum annual cash rental payments under non-cancelable operating leases (excluding the Memphis-based distribution facility consolidated by us, see Note F) in effect at February 2, 2014 were as follows:

Dollars in thousands			Lease Commitments1,2
Fiscal 2014		$	231,660
Fiscal 2015			207,128
Fiscal 2016			191,569
Fiscal 2017			165,737
Fiscal 2018			146,473
Thereafter			489,032
Total		$	1,431,599

¹  Represents future projected cash payments and, therefore, is not necessarily representative of future expected rental expense.

²  Projected cash payments include only those amounts that are fixed and determinable as of the reporting date. We currently pay rent for certain store locations based on a percentage of store sales. Projected payments for these locations are based on minimum rent, which is generally higher than rent based on a percentage of store sales, as future store sales cannot be predicted with certainty. We incur other lease obligation expenses, such as common area charges and other executory costs, which are not fixed in nature and are thus not included in the future projected cash payments reflected above. In addition, projected cash payments do not include any benefit from deferred lease incentive income, which is reflected within “Total rent expense” above.

X

- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717

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X

- Definition

Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41499-112717

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