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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, 2024January 28, 2023January 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 
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(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 
202550,582 
202628,096 
202715,252 
202813,257 
Thereafter40,605 
Total operating lease payments227,272 
Less: imputed interest(39,964)
Present value of operating lease liabilities$187,308