Commitments and Contingencies

12 Months Ended

Feb. 03, 2018

(9) Commitments and Contingencies

The Company leases its stores under operating leases, which generally have an initial term of five years with renewal options. Future minimum rent payments under operating leases having noncancellable lease terms as of February 3, 2018 are as follows (in thousands):


Fiscal Year:
2018	$	45,658
2019		39,536
2020		30,548
2021		19,520
2022		8,450
Thereafter		5,983
Total future minimum lease payments	$	149,695

Certain operating leases provide for fixed monthly rents, while others provide for contingent rents computed as a percentage of net sales and others provide for a combination of both fixed monthly rents and contingent rents computed as a percentage of net sales. Rent expense was $53.0 million, $50.7 million and $47.1 million in fiscal 2017, 2016 and 2015 (including $0.5 million, $0.4 million and $0.5 million of contingent rent), respectively.

The Company from time to time is involved in various legal proceedings incidental to the conduct of its business, including claims by customers, employees or former employees. Once it becomes probable that the Company will incur costs in connection with a legal proceeding and such costs can be reasonably estimated, it establishes appropriate reserves. While legal proceedings are subject to uncertainties and the outcome of any such matter is not predictable, the Company is not aware of any legal proceedings pending or threatened against it that it expects to have a material adverse effect on its financial condition, results of operations or liquidity.