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Leases
 6 Months Ended
Aug. 02, 2025
Leases [Abstract]  
Leases Leases
The Company determines if an arrangement contains a lease at the inception of a contract. Operating lease assets represent the Company’s right to use an underlying asset for the lease term and operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease.
During the thirteen weeks ended August 2, 2025, the Company committed to 51 new store leases with average terms of approximately 10 years that have future minimum lease payments of approximately $102.7 million.
All of the Company's leases are classified as operating leases and the associated assets and liabilities are presented as separate captions in the consolidated balance sheets. As of August 2, 2025 and August 3, 2024, the weighted average remaining lease term for the Company's operating leases was 7.2 years and 7.5 years, respectively, and the weighted average discount rate was 5.4% and 5.4%, respectively.
The following table is a summary of the Company's components for net lease costs (in thousands):
Thirteen Weeks EndedTwenty-Six Weeks Ended
Lease CostAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024
Operating lease cost$86,467 $76,393 $170,035 $150,011 
Variable lease cost25,830 23,241 51,676 44,972 
Net lease cost*$112,297 $99,634 $221,711 $194,983 
* Excludes short-term lease cost, which is immaterial.
The following table summarizes the maturity of lease liabilities under operating leases as of August 2, 2025 (in thousands):
Maturity of Lease LiabilitiesOperating Leases
2025$186,525 
2026380,648 
2027360,671 
2028337,689 
2029304,549 
After 2029874,318 
Total lease payments2,444,400 
Less: imputed interest425,774 
Present value of lease liabilities$2,018,626 

The following table summarizes the supplemental cash flow disclosures related to leases (in thousands):
Twenty-Six Weeks Ended
August 2, 2025August 3, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Cash payments arising from operating lease liabilities (1)
$144,819 $112,933 
Supplemental non-cash information:
Operating lease liabilities arising from obtaining right-of-use assets$150,187 $212,454 
(1) Included within operating activities in the Company's Consolidated Statements of Cash Flows.