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Leases (Tables)
12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Components of Lease Cost The table below presents the components of lease cost for operating leases for the years ended January 31, 2026, February 1, 2025 and February 3, 2024.

 

(In thousands)

 

Fiscal 2026

 

Fiscal 2025

 

Fiscal 2024

 

Operating lease cost

 

$

169,964

 

$

157,322

 

$

164,355

 

Variable lease cost

 

 

14,756

 

 

11,702

 

 

14,582

 

Less: Sublease income

 

 

(148

)

 

(17

)

 

(173

)

Net Lease Cost

 

$

184,572

 

$

169,007

 

$

178,764

 

 

 

 

 

 

 

 

 

 

Note 9

Leases

Schedule of Lease Maturity Under Topic 842

The following table reconciles the maturities of undiscounted cash flows to our operating lease liabilities recorded on the Consolidated Balance Sheets at January 31, 2026:

 

Fiscal Years

 

(In thousands)

 

2027

 

$

146,527

 

2028

 

 

107,566

 

2029

 

 

80,951

 

2030

 

 

68,815

 

2031

 

 

60,093

 

Thereafter

 

 

164,066

 

Total undiscounted future minimum lease payments

 

 

628,018

 

Less: Amounts representing interest

 

 

(110,014

)

Total Present Value of Operating Lease Liabilities

 

$

518,004

 

Supplemental Information Related to Operating Leases

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of January 31, 2026 and February 1, 2025 are:

 

 

January 31, 2026

February 1, 2025

Weighted-average remaining lease term (years)

 

6.4 years

5.8 years

Weighted-average discount rate

 

5.8%

5.6%