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Note 4 - Leases

12 Months Ended

Jan. 29, 2022

(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.