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Leases

3 Months Ended

Apr. 30, 2022

7. Leases

The Company has operating leases for stores, distribution and fulfillment centers, corporate offices and equipment. The Company subleases certain properties to third parties.

Total operating lease costs were $63,699 and $68,708 during the three months ended April 30, 2022 and 2021, respectively. Total variable lease costs were $32,572 and $20,502 during the three months ended April 30, 2022 and 2021, respectively. Short-term lease costs and sublease income were not material during the three months ended April 30, 2022 and April 30, 2021.

The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of April 30, 2022:

	Operating
	Leases
Fiscal Year
2023 (excluding the three months ended April 30, 2022)	$	219,665
2024		261,007
2025		223,963
2026		189,284
2027		136,543
Thereafter		359,236
Total undiscounted future minimum lease payments		1,389,698
Less imputed interest		(248,785	)
Total discounted future minimum lease payments	$	1,140,913

As of April 30, 2022, the Company had commitments of approximately $25,645 not included in the amounts above related to 12 executed but not yet commenced leases.

In response to the COVID-19 pandemic and mandated store closures, the Company withheld certain minimum lease payments due to landlords. The amounts withheld at April 30, 2022 and 2021 were included in “Current portion of operating lease liabilities” in the Condensed Consolidated Balance Sheets.