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Leases (Tables)

3 Months Ended

Feb. 02, 2024

Leases [Abstract]

Supplemental Cash Flow and Other Lease Information

The following table presents the lease expense incurred on the company’s operating, short-term, and variable leases:

						Three Months Ended
(Dollars in millions)						February 2, 2024						February 3, 2023
Operating lease expense						$	9.2					$	6.1
Short-term lease expense						1.0						0.9
Total lease expense						$	10.2					$	7.0

The following table presents supplemental cash flow information related to the company's operating leases:

						Three Months Ended
(Dollars in millions)						February 2, 2024						February 3, 2023
Right-of-use assets obtained in exchange for lease obligations						$	1.6					$	1.9
Operating cash flows for amounts included in the measurement of lease liabilities						$	7.5					$	6.2

The following table presents other lease information related to the company's operating leases:

						February 2, 2024						February 3, 2023						October 31, 2023
Weighted-average remaining lease term of operating leases in years						9.2						5.8						9.3
Weighted-average discount rate of operating leases						4.87		%				3.61		%				4.83		%

Future Minimum Operating Lease Payments

The following table reconciles the total undiscounted future cash flows based on the anticipated future minimum operating lease payments by fiscal year for the company's operating leases to the present value of operating lease liabilities recorded within the Condensed Consolidated Balance Sheets as of February 2, 2024:

(Dollars in millions)						February 2, 2024
2024 (remaining)						$	18.1
2025						23.8
2026						17.8
2027						14.2
2028						12.0
Thereafter						69.7
Total future minimum operating lease payments						155.6
Less: imputed interest						28.4
Present value of operating lease liabilities						$	127.2

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

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