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Leases (Tables) | 12 Months Ended
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Feb. 02, 2024
Leases [Abstract] |
Components of Lease Expense | The following table summarizes the Company’s components of lease expense, primarily related to Company Operated stores, which is included in Selling and administrative expense in the Consolidated Statements of Operations:
(in thousands) |  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Operating lease expense |  | $ | 6,340 |  |  | $ | 7,466 |  |  | $ | 8,273 |
Variable lease expense |  |  | 2,572 |  |  |  | 2,714 |  |  |  | 2,312 |
Total lease expense |  | $ | 8,912 |  |  | $ | 10,180 |  |  | $ | 10,585 |
Supplemental Balance Sheet Information Related to Operating Leases | Supplemental balance sheet information related to operating leases are as follows:
(in thousands) |  | Fiscal 2023 |  |  | Fiscal 2022 |
Operating lease right-of-use asset |  | $ | 23,438 |  |  | $ | 30,325 |
Lease liability – current |  |  | 6,024 |  |  |  | 5,414 |
Lease liability – long-term |  |  | 22,952 |  |  |  | 31,095 |
Weighted average remaining lease term in years |  |  | 5.7 |  |  |  | 6.6 |
Weighted average discount rate |  |  | 6.62 | % |  |  | 6.36 | %
Supplemental Cash Flow Information Related to Operating Leases | Supplemental cash flow information related to operating leases are as follows:
(in thousands) |  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Operating cash outflows from operating leases |  | $ | 8,060 |  |  | $ | 9,154 |  |  | $ | 10,509 |
Operating lease right-of-use-assets (reversal) obtained in exchange for lease liabilities |  |  | (2,236 | ) |  |  | 4,440 |  |  |  | 1,409 |
Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities as of February 2, 2024 are as follows:
(in thousands) |  |  |
2024 |  | $ | 7,682 |
2025 |  |  | 5,671 |
2026 |  |  | 5,372 |
2027 |  |  | 5,212 |
2028 |  |  | 4,462 |
Thereafter |  |  | 6,552 |
Total operating lease payments |  | $ | 34,951 |
Less imputed interest |  |  | 5,975 |
Present value of lease liabilities |  | $ | 28,976 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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