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Leases (Tables)

9 Months Ended

Nov. 01, 2025

The following table presents components of lease expense (in thousands):


	Three Months Ended				Nine Months Ended
	November 1, 2025		November 2, 2024		November 1, 2025		November 2, 2024
Operating lease expense	$	19,162	$	18,537	$	54,945	$	55,349
Variable lease expense		2,123		2,571		8,118		7,204
Total lease expense (1)	$	21,285	$	21,108	$	63,063	$	62,553

(1)

Total lease expense includes short-term lease expense and sublease income which is immaterial to the Company. Total lease expense does not include right-of-use asset impairment charges, common area maintenance charges and other non-lease components.

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows (in thousands):


	Nine Months Ended
	November 1, 2025			November 2, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(52,492	)	$	(55,565	)
Right-of-use assets obtained in exchange for new operating lease liabilities		49,587			42,802

Schedule of Weighted-Average Remaining Lease Term and Discount Rate

Weighted-average remaining lease term and discount rate were as follows:


	November 1, 2025			November 2, 2024
Weighted-average remaining lease term		4.8			4.7
Weighted-average discount rate		4.9	%		4.5	%

Schedule of Maturities of Operating Leases Liabilities

At November 1, 2025, the maturities of our operating leases liabilities are as follows (in thousands):


Fiscal 2025	$	13,802
Fiscal 2026		64,958
Fiscal 2027		52,155
Fiscal 2028		32,571
Fiscal 2029		23,024
Fiscal 2030		18,233
Thereafter		30,571
Total minimum lease payments		235,314
Less: interest		(26,258	)
Present value of lease obligations		209,056
Less: current portion		(54,369	)
Long-term lease obligations (1)	$	154,687

(1)

Amounts in the table do not include contingent rent, common area maintenance charges and other non-lease components.