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.

(in thousands)	Fiscal 2019
Operating lease expense	$	9,210
Variable lease expense		1,682
Ending Balance	$	10,892

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	%

(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.