XML 26 R18.htm IDEA: XBRL DOCUMENT v3.25.2
Leases
6 Months Ended
Aug. 02, 2025
Leases [Abstract]  
Leases

Note 9 – Leases

We lease all of our physical stores, our Evansville, Indiana distribution center, which has a current lease term expiring in 2034, our Fort Mill, South Carolina corporate headquarters and other warehousing space. We also enter into leases of equipment and other assets. Substantially all of our leases are operating leases; however, as a result of the acquisition of Rogan’s, we also acquired certain assets subject to finance leases. The finance lease assets and related current liabilities and noncurrent liabilities were recorded in Other Noncurrent Assets, Accrued and Other Liabilities and Other long-term liabilities, respectively. Leases with terms of twelve months or less are immaterial and are expensed as incurred, and we did not have any leases with related parties or any sublease arrangements with any related party or third party as of August 2, 2025, February 1, 2025 or August 3, 2024.

Lease costs, including other related occupancy costs, reported in our Condensed Consolidated Statements of Income were as follows for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024:

 

(In thousands)

 

Thirteen
Weeks Ended
August 2, 2025

 

 

Thirteen
Weeks Ended
August 3, 2024

 

 

Twenty-six
Weeks Ended
August 2, 2025

 

 

Twenty-six
Weeks Ended
August 3, 2024

 

Operating lease cost

 

$

17,787

 

 

$

17,311

 

 

$

35,678

 

 

$

34,486

 

Variable lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Occupancy costs

 

 

5,653

 

 

 

5,742

 

 

 

11,539

 

 

 

11,502

 

Percentage rent and other variable lease costs

 

 

176

 

 

 

308

 

 

 

448

 

 

 

273

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

8

 

 

 

8

 

 

 

16

 

 

 

15

 

Interest on lease liabilities

 

 

3

 

 

 

3

 

 

 

5

 

 

 

5

 

Total

 

$

23,627

 

 

$

23,372

 

 

$

47,686

 

 

$

46,281