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COMMITMENTS AND CONTINGENCIES | 12 Months Ended
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Jan. 30, 2016
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Operating Lease Commitments The Company leases all of its stores, offices and distribution facilities (except the Ft. Payne, Alabama distribution center which the Company owns), and certain office equipment, store fixtures and automobiles, under operating leases expiring through 2026. The leases require fixed minimum annual rental payments plus, under the terms of certain leases, additional payments for taxes, other expenses and additional rent based upon sales. Store, office and distribution facilities minimum rent, contingent rent and sublease income are as follows (in thousands):
|  | Fiscal Year Ended
|  | January 30, 2016 |  | January 31, 2015 |  | February 1, 2014
Minimum rentals |  | 159,641 |  |  | 164,510 |  |  | 168,112 |
Additional rent based upon sales |  | 751 |  |  | 797 |  |  | 943 |
Sublease income |  | (2,766 | ) |  | (2,967 | ) |  | (1,138 | )
9. | COMMITMENTS AND CONTINGENCIES (Continued)
Future minimum annual lease payments under the Company's operating leases at January 30, 2016 were as follows (in thousands):
|  | Minimum Operating Lease Payments
2016 |  | $ | 155,352 |
2017 |  | 139,682 |
2018 |  | 119,065 |
2019 |  | 103,482 |
2020 |  | 88,279 |
Thereafter |  | 168,225 |
Total minimum lease payments |  | $ | 774,085 |
Purchase Commitments As of January 30, 2016, the Company has entered into various purchase commitments for merchandise for re-sale of approximately $319.4 million and approximately $15.9 million for equipment, construction and other non-merchandise commitments. Employment Agreements The Company has an employment agreement with its President and Chief Executive Officer, which provides for severance of two times the sum of base salary plus bonus, and certain other payments and benefits following any termination without cause or for “good reason”. As of January 30, 2016, these cash severance benefits approximated $6.3 million. In the event of a change in control of the Company, certain executives will receive, in the aggregate, approximately $23.7 million of cash severance benefits should they either be terminated or voluntarily terminate their employment due to a degradation of duties as defined in their change in control agreements.

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