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Leases (Tables)

12 Months Ended

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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Supplemental balance sheet information related to operating leases.

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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

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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

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