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LEASES | 12 Months Ended
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Jan. 28, 2023
Leases [Abstract] |
LEASES | LEASES The following components of lease expense were recognized in the Company’s Consolidated Statements of Operations:
| Fiscal Years Ended
| January 28, 2023 |  | January 29, 2022 |  | January 30, 2021
| (in thousands)
Fixed operating lease cost | $ | 99,988 |  |  | $ | 113,681 |  |  | $ | 128,373 |
Variable operating lease cost (1) | 51,905 |  |  | 39,711 |  |  | 44,085 |
Total operating lease cost | $ | 151,893 |  |  | $ | 153,392 |  |  | $ | 172,458 |
____________________________________________ (1)Includes short term leases with lease periods of less than 12 months as well as lease abatements accounted for as reductions to variable lease costs under the COVID-19 expedient of $1.5 million, $12.1 million, and $12.9 million for Fiscal 2022, Fiscal 2021, and Fiscal 2020, respectively. As of January 28, 2023, the weighted-average remaining operating lease term was 3.8 years, and the weighted-average discount rate for operating leases was 5.0%. Cash paid for amounts included in the measurement of operating lease liabilities in Fiscal 2022 was $102.5 million. ROU assets obtained in exchange for new operating lease liabilities were $60.9 million in Fiscal 2022. As of January 28, 2023, the maturities of operating lease liabilities were as follows:
| January 28, 2023
| (in thousands)
2023 | $ | 85,250 |  |
2024 | 40,596 |  |
2025 | 19,265 |  |
2026 | 15,533 |  |
2027 | 13,169 |  |
Thereafter | 17,816 |  |
Total operating lease payments | 191,629 |  |
Less: imputed interest | (16,571) |  |
Present value of operating lease liabilities | $ | 175,058 |  |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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