XML 33 R16.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

LEASES | 12 Months Ended
--- | ---
Feb. 03, 2024
Leases [Abstract] |
LEASES | LEASES The following components of lease expense were recognized in the Company’s Consolidated Statements of Operations:
| Fiscal Years Ended
| February 3, 2024 |  | January 28, 2023 |  | January 29, 2022
| (in thousands)
Fixed operating lease cost | $ | 91,066 |  |  | $ | 99,988 |  |  | $ | 113,681 |
Variable operating lease cost (1) | 44,195 |  |  | 51,905 |  |  | 39,711 |
Total operating lease cost | $ | 135,261 |  |  | $ | 151,893 |  |  | $ | 153,392 |
____________________________________________ (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 in Fiscal 2022 and Fiscal 2021 of $1.5 million and $12.1 million, respectively. As of February 3, 2024, the weighted-average remaining operating lease term was 4.2 years, and the weighted-average discount rate for operating leases was 7.1%. Cash paid for amounts included in the measurement of operating lease liabilities in Fiscal 2023 was $93.4 million. ROU assets obtained in exchange for new operating lease liabilities were $120.5 million in Fiscal 2023. As of February 3, 2024, the maturities of operating lease liabilities were as follows:
| February 3, 2024
| (in thousands)
2024 | $ | 79,480 |  |
2025 | 50,582 |  |
2026 | 28,096 |  |
2027 | 15,252 |  |
2028 | 13,257 |  |
Thereafter | 40,605 |  |
Total operating lease payments | 227,272 |  |
Less: imputed interest | (39,964) |  |
Present value of operating lease liabilities | $ | 187,308 |  |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration