XML 57 R33.htm IDEA: XBRL DOCUMENT
v3.23.1

LEASES (Tables) | 12 Months Ended
--- | ---
Jan. 28, 2023
Leases [Abstract] |
Lease, Cost [Table Text Block] | The following table provides a summary of the Company’s operating lease costs for Fiscal 2022, Fiscal 2021 and Fiscal 2020:
(in thousands) | Fiscal 2022 |  | Fiscal 2021 |  | Fiscal 2020
Single lease cost (1) | $ | 246,824 |  |  | $ | 272,246 |  |  | $ | 346,178 |
Variable lease cost (2) | 150,909 |  |  | 110,889 |  |  | 65,310 |
Operating lease right-of-use asset impairment (3) | 6,248 |  |  | 9,509 |  |  | 57,026 |
Sublease income | (3,826) |  |  | (4,292) |  |  | — |
Total operating lease cost | $ | 400,155 |  |  | $ | 388,352 |  |  | $ | 468,514 |
(1)Includes amortization and interest expense associated with operating lease right-of-use assets and the impact from remeasurement of operating lease liabilities. (2)Includes variable payments related to both lease and nonlease components, such as contingent rent payments made by the Company based on performance, and payments related to taxes, insurance, and maintenance costs, as well as $3.9 million, $14.1 million and $30.1 million of rent abatements in Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively, related to the effects of the COVID-19 pandemic that resulted in lease concessions with total payments required by the modified contract being substantially the same as or less than total payments required by the original contract. The total benefit related to rent abatements recognized during Fiscal 2022, Fiscal 2021 and Fiscal 2020 was $3.9 million, $17.9 million and $30.7 million, respectively. (3)Refer to Note 8, “ASSET IMPAIRMENT,” for details related to operating lease right-of-use asset impairment charges.
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | The following table provides the weighted-average remaining lease term of the Company’s operating leases and the weighted-average discount rate used to calculate the Company’s operating lease liabilities as of January 28, 2023 and January 29, 2022:
| January 28, 2023 |  | January 29, 2022
Weighted-average remaining lease term (years) | 5.3 |  | 5.3
Weighted-average discount rate | 6.3 | % |  | 5.6 | %
The following table provides a maturity analysis of the Company’s operating lease liabilities, based on undiscounted cash flows, as of January 28, 2023:
(in thousands) | January 28, 2023
Fiscal 2023 | $ | 263,666 |
Fiscal 2024 | 200,487 |
Fiscal 2025 | 179,138 |
Fiscal 2026 | 149,074 |
Fiscal 2027 | 121,177 |
Fiscal 2028 and thereafter | 171,132 |
Total undiscounted operating lease payments | 1,084,674 |
Less: Imputed interest | (157,334) |
Present value of operating lease liabilities | $ | 927,340 |

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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration