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Leases (Tables)

12 Months Ended

Feb. 01, 2025

Leases [Abstract]

Schedule of Lease Related Costs

Lease costs, including other related occupancy costs, reported in our Consolidated Statements of Income were as follows:


(In thousands)		2024				2023				2022
Operating lease cost		$	70,596			$	65,244			$	60,777
Variable lease cost
Occupancy costs			23,046				21,243				19,001
Percentage rent and other variable lease costs			448				1,257				1,231
Finance lease cost
Amortization of leased assets			21				0				0
Interest on lease liabilities			10				0				0
Total		$	94,121			$	87,744			$	81,009

Schedule of Other Information Related to Leases

Other information related to leases, including supplemental cash flow information, consists of:


(In thousands)		2024				2023				2022
Cash paid for amounts included in the measurement of operating lease liabilities		$	55,490			$	59,129			$	48,991
ROU assets obtained in exchange for operating lease liabilities1		$	53,113			$	72,772			$	146,996

		As of				As of				As of
		February 1, 2025				February 3, 2024				January 28, 2023
Weighted-average remaining lease term for operating leases (in years)			7.0				7.6				7.3
Weighted-average discount rate for operating leases			4.7	%			4.2	%			4.2	%

1) Includes ROU assets added as part of the Rogan's acquisition described in Note 3 – “Acquisition of Rogan Shoes”

Undiscounted Cash Flows to Operating Lease Liabilities

The following table reconciles the undiscounted cash flows for each of the next five years and the total of the remaining years to our operating lease liabilities as of February 1, 2025:


(In thousands)		Operating Leases
2025		$	68,885
2026			71,858
2027			65,801
2028			61,265
2029			47,877
Thereafter to 2041			124,789
Total undiscounted lease payments			440,475
Less: Imputed interest			72,488
Total operating lease liabilities			367,987
Less: Current portion of operating lease liabilities			53,013
Long-term portion of operating lease liabilities		$	314,974