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v3.25.1

Leases | 12 Months Ended
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Feb. 02, 2025
Leases [Abstract] |
Leases | Leases The components of our lease costs are as follows:
| For the Fiscal Year Ended
(In thousands) | February 2, 2025 |  | January 28, 2024 | January 29, 2023
Operating lease costs | $ | 299,105 |  |  | $ | 296,779 |  | $ | 275,086 |
Variable lease costs | 127,291 |  |  | 132,304 |  | 138,155 |
Total lease costs | $ | 426,396 |  |  | $ | 429,083 |  | $ | 413,241 |
Sublease income and short-term lease costs were not material to us for fiscal 2024, fiscal 2023 and fiscal 2022. Supplemental cash flow information related to our leases are as follows:
| For the Fiscal Year Ended
(In thousands) | February 2, 2025 |  | January 28, 2024 | January 29, 2023
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 325,650 |  |  | $ | 322,293 |  | $ | 296,053 |
Our net additions to right-of-use assets were approximately $209.4 million and $205.7 million in fiscal 2024 and fiscal 2023, respectively. Additional information related to our leases is as follows:
| For the Fiscal Year Ended
| February 2, 2025 |  | January 28, 2024
Weighted-average remaining lease term (years) | 6.5 |  | 6.6
Weighted-average incremental borrowing rate | 4.0 | % |  | 3.8 | %
As of February 2, 2025, the future minimum lease payments under our operating lease liabilities are as follows:
(In thousands) |
Fiscal 2025 | $ | 308,679 |
Fiscal 2026 | 275,247 |
Fiscal 2027 | 238,045 |
Fiscal 2028 | 197,498 |
Fiscal 2029 | 155,981 |
Fiscal 2030 and thereafter | 395,275 |
Total lease payments | 1,570,725 |
Less: interest | (223,410) |
Total operating lease liabilities | 1,347,315 |
Less: current operating lease liabilities | (234,180) |
Total non-current operating lease liabilities | $ | 1,113,135 |
We have also entered into agreements to lease additional retail spaces, which will commence in fiscal 2025. Accordingly, future minimum lease payments under these agreements are not included in the table above.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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