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Leases | 6 Months Ended
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Jul. 30, 2023
Leases [Abstract] |
Leases | Leases Components of lease expense were as follows (in thousands):
|  | Thirteen weeks ended |  | Twenty-six weeks ended
|  | July 30, 2023 |  | July 31, 2022 |  | July 30, 2023 |  | July 31, 2022
Operating lease expense |  | $ | 7,391 |  |  | $ | 5,808 |  |  | $ | 14,395 |  |  | $ | 11,142 |
Variable lease expense |  | 2,486 |  |  | 3,991 |  |  | 4,542 |  |  | 6,205 |
Short term lease expense |  | 407 |  |  | 180 |  |  | 647 |  |  | 359 |
Total lease expense |  | $ | 10,284 |  |  | $ | 9,979 |  |  | $ | 19,584 |  |  | $ | 17,706 |
Variable lease expense includes index-based changes in rent, maintenance, real estate taxes, insurance and other variable charges. We did not recognize any impairment charges associated with showroom-level right-of-use assets during the thirteen and twenty-six weeks ended July 30, 2023 or July 31, 2022. Future minimum lease payments under non-cancelable leases as of July 30, 2023 were as follows (in thousands):
(amounts in thousands) |
2024 | $ | 7,896 |
2025 | 30,562 |
2026 | 28,231 |
2027 | 25,946 |
2028 | 23,692 |
Thereafter | 82,929 |
Total undiscounted future minimum lease payments | 199,256 |
Less: imputed interest | (33,753) |
Total present value of lease obligations | 165,503 |
Less: current operating lease liability | (16,072) |
Operating lease liability- long term | $ | 149,431 |
Supplemental information related to our operating leases is as follows (in thousands):
|  | Twenty-six weeks ended
(amounts in thousands) |  | July 30, 2023 |  | July 31, 2022
Operating cash flow information: |  |  |  |
Amounts paid on operating lease liabilities |  | $ | 14,208 |  |  | $ | 8,501 |
Non-cash activities: |  |  |  |
Right-of-use assets obtained in exchange for lease obligations |  | $ | 24,676 |  |  | $ | 20,702 |
Weighted average remaining lease term - operating leases |  | 7.6 years |  | 7.3 years
Weighted average discount rate - operating leases |  | 4.55 | % |  | 4.01 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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