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Leases (Tables)

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Summary of Expense Categories and Cash Payments for Operating Leases, Average Remaining Lease Term and Discount Rate

The following table summarizes expense categories and cash payments for operating leases during the period. It also includes the total non-cash transaction activity for new operating lease ROU assets and related operating lease liabilities entered into during the period.

		For the Year Ended
		January 28,			January 29,
(In thousands)		2023			2022
Lease costs
Operating lease costs		$	368,483		$	328,868
Variable lease costs			121,604			121,118
Short-term leases and other lease costs			5,357			11,927
Total lease costs		$	495,444		$	461,913
Other information
Cash paid for operating lease liability		$	(397,059	)	$	(363,468	)
New operating lease ROU assets entered into during the period		$	254,290		$	336,546

The following table contains the average remaining lease term and discount rate, weighted by outstanding operating lease liability as of the end of the period:

Lease term and discount rate		January 28, 2023
Weighted-average remaining lease term - operating leases		4.75 years
Weighted-average discount rate - operating leases		3.9%

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 table below:

		Undiscounted cash flows
(In thousands)		January 28, 2023
Fiscal years:
2023		$	321,240
2024			294,514
2025			245,899
2026			203,187
2027			155,015
Thereafter			264,715
Total undiscounted cash flows		$	1,484,570
Less: discount on lease liability			(126,112	)
Total lease liability		$	1,358,458

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

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X

- References

No definition available.

+ Details

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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

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