Leases (Tables)

3 Months Ended

May 04, 2019

The table below summaries lease activity for the period.

	13 Weeks Ended
	May 4, 2019
(In thousands, except year and rate data)
Lease costs
Operating lease costs		82,562
Variable lease costs		23,556
Short-term leases and other lease costs		12,844
Total lease costs	$	118,962

Other information
Operating cash flows for operating leases		(73,006	)
New right-of-use asset for operating leases entered into during the period		56,097
Weighted-average remaining lease term - operating leases	6.5 years
Weighted-average discount rate - operating leases		5.0	%

Summary of Maturity Analysis of Operating Leases

The table below is a maturity analysis of the operating leases in effect as of the end of the period. Undiscounted cash flows for finance leases and short-term leases are not material for the periods reported and are excluded from the below:

	Undiscounted Cash Flows
(In thousands)
Fiscal years:
2019 (remaining 39 weeks)	$	226,604
2020		341,426
2021		300,910
2022		250,665
2023		230,074
Thereafter		557,955
Total undiscounted cash flows	$	1,907,634
Less: discount on lease liability		(312,152	)
Total lease liability	$	1,595,482