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Leases (Tables) | 6 Months Ended
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May 02, 2025
Leases [Abstract] |
Schedule of 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 |  | Six Months Ended
(Dollars in millions) |  | May 2, 2025 |  | May 3, 2024 |  | May 2, 2025 |  | May 3, 2024
Operating lease expense |  | $ | 9.0 |  |  | $ | 9.4 |  |  | $ | 17.5 |  |  | $ | 18.6 |
Short-term lease expense |  | 1.5 |  |  | 1.0 |  |  | 2.5 |  |  | 2.1 |
Variable lease expense |  | 0.7 |  |  | 0.1 |  |  | 0.7 |  |  | 0.1 |
Total lease expense |  | $ | 11.2 |  |  | $ | 10.5 |  |  | $ | 20.7 |  |  | $ | 20.8 |
The following table presents supplemental cash flow information related to the company's operating leases:
|  | Six Months Ended
(Dollars in millions) |  | May 2, 2025 |  | May 3, 2024
Right-of-use assets obtained in exchange for lease obligations |  | $ | 7.7 |  |  | $ | 2.3 |
Operating cash flows for amounts included in the measurement of lease liabilities |  | $ | 14.4 |  |  | $ | 13.9 |
The following table presents other lease information related to the company's operating leases:
|  | May 2, 2025 |  | May 3, 2024 |  | October 31, 2024
Weighted-average remaining lease term of operating leases in years |  | 8.7 |  | 9.1 |  | 8.8
Weighted-average discount rate of operating leases |  | 5.06 | % |  | 4.90 | % |  | 5.00 | %
Schedule of 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 May 2, 2025:
(Dollars in millions) |  | May 2, 2025
2025 (remaining) |  | $ | 11.9 |
2026 |  | 21.1 |
2027 |  | 17.3 |
2028 |  | 14.6 |
2029 |  | 11.4 |
Thereafter |  | 63.6 |
Total future minimum operating lease payments |  | 139.9 |
Less: imputed interest |  | 25.2 |
Present value of operating lease liabilities |  | $ | 114.7 |

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- 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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- References No definition available. + Details
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- 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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