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Leases | 12 Months Ended
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Jan. 31, 2023
Leases [Abstract] |
Leases | 9. 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 $255,682, $268,863 and $275,493 during fiscal 2023, 2022 and 2021, respectively. Total variable lease costs were $136,201, $109,525 and $89,833 during fiscal 2023, 2022 and 2021, respectively. Short-term lease costs and sublease income were not material during fiscal 2023, 2022 and 2021. Other information related to leases was as follows:
Other information |  | Fiscal Year Ended January 31, |
Cash paid for amounts included in the measurement of lease liabilities: |  | 2023 |  |  | 2022 |  |  | 2021 |
Operating cash flows from operating leases |  | $ | 296,619 |  |  | $ | 303,577 |  |  | $ | 247,539 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 189,744 |  |  | $ | 112,572 |  |  | $ | 149,586 |
Weighted-average remaining lease term - operating leases |  | 6.3 years |  |  | 6.0 years |  |  | 7.0 years |
Weighted-average discount rate - operating leases |  |  | 5.8 | % |  |  | 5.8 | % |  |  | 6.1 | %
The following is a schedule by year of the maturities of operating lease liabilities with original terms in excess of one year, as of January 31, 2023:
Fiscal Year |  | Operating Leases |
2024 |  | $ | 292,057 |
2025 |  |  | 250,109 |
2026 |  |  | 216,575 |
2027 |  |  | 162,899 |
2028 |  |  | 125,594 |
Thereafter |  |  | 314,658 |
Total undiscounted future minimum lease payments |  |  | 1,361,892 |
Less imputed interest |  |  | (244,524 | )
Total discounted future minimum lease payments |  | $ | 1,117,368 |
As of January 31, 2023, the Company had commitments of approximately $26,446 not included in the amounts above related to six executed but not yet commenced store leases. Subsequent to January 31, 2023, the Company signed a lease in the amount of $57,311 for a Nuuly fulfillment center in Raymore, Missouri beginning in fiscal 2024 over a 15-year lease term which is not included in the amounts above. Certain store leases provide for contingent rentals when sales exceed specified breakpoint levels, in lieu of a fixed minimum rent, that are not reflected in the above table. Additionally, there are 88 locations where a percentage of sales are paid, in lieu of a fixed minimum rent, that are not reflected in the above table. Total rent expense related to these 88 locations was approximately $13,451 for fiscal 2023. During fiscal 2023, 2022 and 2021, the Company received rent concessions for a number of our stores and continue to negotiate for additional rent concessions at various other store locations. To the extent the rent concessions do not result in a substantial increase in total payments in the existing lease, the Company has accounted for such rent concessions as negative variable rent. To the extent the rent concessions do result in a substantial increase in total payments in the existing lease, the Company has accounted for such rent concessions as a lease modification. Rent concessions recorded by the Company during fiscal 2023, 2022 and 2021, as either negative variable rent or lease modifications have not had a material impact on the Company’s Consolidated Financial Statements.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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