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Leases | 12 Months Ended
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Jan. 31, 2020
Leases [Abstract] |
Leases | NOTE 4. LEASES The Company is a lessee under various lease agreements for its retail operations and equipment. All leases are classified as operating leases. The Company’s leases have remaining terms of less than one year to ten years and contain various renewal options. The period which is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. Options to extend are reviewed within two years of option date. The components of lease expense are as follows:
(in thousands) |  | Fiscal 2019 |
Operating lease expense |  | $ | 9,210 |
Variable lease expense |  |  | 1,682 |
Ending Balance |  | $ | 10,892 |
Short-term lease cost was not material for Fiscal 2019. Supplemental balance sheet information related to operating leases are as follows:
(in thousands) |  | Fiscal 2019 |
Operating lease right-of-use asset |  | $ | 38,665 |
Lease liability - current |  |  | 5,864 |
Lease liability - long-term |  |  | 39,841 |
Weighted average remaining lease term in years |  | 8.03 |
Weighted average discount rate |  |  | 6.39 | %
Supplemental cash flow information related to operating leases are as follows:
(in thousands) |  | Fiscal 2019 |
Operating cash outflows from operating leases |  | $ | 10,631 |
Operating lease right-of-use-assets obtained in exchange for lease liabilities |  |  | 19,584 |
Maturities of operating lease liabilities as of January 31, 2020 are as follows (in thousands):
(in thousands) |  | Fiscal 2019 |
2020 |  | $ | 8,743 |
2021 |  |  | 7,834 |
2022 |  |  | 7,096 |
2023 |  |  | 6,512 |
2024 |  |  | 6,187 |
Thereafter |  |  | 23,663 |
Total operating lease payments |  | $ | 60,035 |
Less imputed interest |  |  | 14,330 |
Present value of lease liabilities |  | $ | 45,705 |
In Fourth Quarter 2019, the Company entered into several leases where possession of retail space will occur in Fiscal 2020. Total future commitments under the Company’s operating leases as of February 1, 2019 were as follows for the fiscal years ending (in thousands):
(in thousands) |  | Fiscal 2018 |
2020 |  | $ | 10,851 |
2021 |  |  | 6,338 |
2022 |  |  | 4,873 |
2023 |  |  | 3,828 |
2024 |  |  | 2,839 |
Thereafter |  |  | 10,590 |
Total minimum payments required |  | $ | 39,319 |
The table above was updated from the version previously included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2019 within the Notes to Consolidated Financial Statements to adjust for certain inconsistencies that management identified in First Quarter 2019 during the implementation of ASC 842, Leases. Specifically, the Company corrected the schedule to include additional lease commitments for lease contracts signed in Fiscal 2018, with commencement dates in Fiscal 2019.

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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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