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Note 4 - Leases | 12 Months Ended
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Jan. 29, 2022
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
(4) | Leases
The table below presents information related to the lease costs for operating leases for the periods presented (in thousands).
|  | For the Year Ended |
|  | January 29, 2022 |  |  | January 30, 2021 |
Operating lease costs |  | $ | 34,183 |  |  | $ | 35,923 |
Variable lease costs |  |  | 6,718 |  |  |  | 2,808 |
Short term lease costs |  |  | 56 |  |  |  | 44 |
Total Operating Lease costs |  | $ | 40,957 |  |  | $ | 38,775 |
Other information The table below presents supplemental cash flow information related to leases for the periods presented (in thousands).
|  | For the Year Ended |
|  | January 29, 2022 |  |  | January 30, 2021 |
Operating cash flows for operating leases |  | $ | 43,627 |  |  |  | 36,068 |
Operating cash flows for operating leases for fiscal 2021 exceeded expense recorded for the same period as the Company paid the majority of its deferred rent obligations obtained during rent negotiations in fiscal 2020. The Company had no deferred rent remaining to be paid as of the January 29, 2022. As of January 29, 2022, the weighted-average remaining operating lease term was 4.3 years and the weighted-average discount rate was 6.0% for operating leases recognized on the consolidated balance sheet. The Company recorded no impairment charges during fiscal 2021 against right-of-use operating lease assets. The Company recorded total impairment charges for fiscal 2020 of $3.8 million on right-of-use lease assets. Undiscounted cash flows The table below reconciles the undiscounted cash flows for each of the first five years and total remaining years to the operating lease liabilities recorded on the balance sheet (in thousands).
Operating Leases |  |  |  |
2022 |  |  | 30,280 |
2023 |  |  | 25,741 |
2024 |  |  | 21,089 |
2025 |  |  | 15,468 |
2026 |  |  | 8,926 |
Thereafter |  |  | 11,403 |
Total minimum lease payments |  |  | 112,907 |
Less: amount of lease payments representing interest |  |  | (14,355 | )
Present value of future minimum lease payments |  |  | 98,552 |
Less: current obligations under leases |  |  | (25,245 | )
Long-term lease obligations |  | $ | 73,307 |
As of January 29, 2022, the Company did not have executed leases that have not yet commenced.

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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 http://asc.fasb.org/subtopic&trid=77888251 + Details
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