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Leases
9 Months Ended
Oct. 31, 2022
Leases [Abstract]  
Leases

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.

Operating and variable lease costs during the three and nine months ended October 31, 2022 and October 31, 2021 were as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 31,

 

 

October 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease costs

 

$

63,615

 

 

$

66,903

 

 

$

189,662

 

 

$

203,405

 

Variable lease costs

 

 

33,607

 

 

 

28,908

 

 

 

100,103

 

 

 

77,589

 

Total lease costs

 

$

97,222

 

 

$

95,811

 

 

$

289,765

 

 

$

280,994

 

Short-term lease costs and sublease income were not material during the three and nine months ended October 31, 2022 and October 31, 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 October 31, 2022:

 

 

Operating

 

 

 

Leases

 

Fiscal Year

 

 

 

2023 (excluding the nine months ended October 31, 2022)

 

$

76,404

 

2024

 

 

272,593

 

2025

 

 

238,771

 

2026

 

 

202,448

 

2027

 

 

148,319

 

Thereafter

 

 

440,004

 

Total undiscounted future minimum lease payments

 

 

1,378,539

 

Less imputed interest

 

 

(293,128

)

Total discounted future minimum lease payments

 

$

1,085,411

 

As of October 31, 2022, the Company had commitments of approximately $42,487 not included in the amounts above related to nine executed but not yet commenced leases.