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Retirement Savings Plans
 12 Months Ended
Feb. 01, 2025
Retirement Benefits [Abstract]  
Retirement Savings Plans Retirement Savings Plans
The Company’s retirement plan, established pursuant to Section 401(k) of the Internal Revenue Code, covers all active employees over the age of 18 following 30 consecutive days of service with the Company. Effective May 3, 2024, the Company amended its retirement savings plan to include a Roth feature that enables participants to contribute on an after-tax basis. The Company’s matching contributions under its plan are made bi-weekly, vest immediately and are equal to 100% of each eligible participant’s contributions up to 4% of the participant’s compensation plus 50% of the eligible participant’s contributions up to the next 2% of compensation. Total employer contributions recorded under the plan, net of forfeitures, were $36.7 million, $34.8 million and $31.6 million in fiscal 2024, 2023 and 2022, respectively.
The Company also has non-qualified deferred compensation plans for certain qualifying employees whose contributions are limited under the qualified defined contribution plans. Amounts contributed and deferred under the deferred compensation plans are credited or charged with the performance of investment options offered under the plans and elected by the participants. In the event of bankruptcy, the assets of these plans are available to satisfy the claims of general creditors. The liability for compensation deferred under the Company’s plans was $153.7 million and $137.9 million as of February 1, 2025 and February 3, 2024, respectively, and is included within other long-term liabilities on the Consolidated Balance Sheets. Total employer contributions recorded under these plans, net of forfeitures, was $1.7 million, $1.4 million and $1.8 million in fiscal 2024, 2023 and 2022, respectively.