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Leases (Tables)
12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Components of Lease Expense and Sublease Income
The components of lease expense and sublease income included in SG&A expenses and Cost of Goods Sold on our Consolidated Statements of Income is as follows (amounts in thousands):
Fiscal Year Ended
January 31, 2026February 1, 2025February 3, 2024
Operating lease expense$239,853 $222,709 $214,672 
Short-term lease expense — — 
Variable lease expense12,555 10,472 10,405 
Sublease income(557)(498)(463)
Net lease expense$251,851 $232,683 $224,614 

Information about our operating leases is as follows (dollar amounts in thousands):
Fiscal Year Ended
January 31, 2026February 1, 2025February 3, 2024
Right-of-use assets obtained in exchange for new operating lease liabilities$244,100$214,747$134,181 
Cash paid for amounts included in the measurement of operating lease liabilities$244,974$224,942$213,860 
January 31, 2026February 1, 2025
Weighted-average remaining lease term in years9.89.6
Weighted-average incremental borrowing rate8.3 %8.6 %
Remaining Maturities of Lease Liabilities
The remaining maturities of lease liabilities by fiscal year as of January 31, 2026 are as follows (amounts in thousands):
2026$255,492 
2027246,058 
2028228,670 
2029211,970 
2030193,471 
After 2030914,873 
Total lease payments (1)
2,050,534 
Less: Interest(641,876)
Present value of lease liabilities$1,408,658 
(1) Minimum lease payments have not been reduced by sublease rentals of $1.4 million due in the future under non-cancelable subleases. The Company has entered into operating leases related to future store locations for which we have not yet taken possession of the location. As of January 31, 2026, the future minimum lease payments on these leases approximated $317.0 million.