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LEASES (Tables) | 3 Months Ended
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May 03, 2025
Leases [Abstract] |
Schedule of Lease, Cost | The following components of operating lease expense were recognized in the Company’s Consolidated Statements of Operations:
| Thirteen Weeks Ended |  |
| May 3, 2025 |  | May 4, 2024 |  |  |  |
| (in thousands)
Fixed operating lease cost | $ | 21,199 |  |  | $ | 22,502 |  |  |  |  |
Variable operating lease cost | 5,759 |  |  | 7,846 |  |  |  |  |
Total operating lease cost | $ | 26,958 |  |  | $ | 30,348 |  |  |  |  |
The following table provides the weighted-average remaining lease term of the Company’s operating leases, the weighted-average discount rate used to calculate the Company’s operating liabilities, cash paid for amounts included in the measurement of the Company’s operating lease liabilities, and right-of-use (“ROU”) assets obtained in exchange for the Company’s new operating lease liabilities:
| Thirteen Weeks Ended
| May 3, 2025 |  | May 4, 2024
Weighted-average remaining lease term (years) | 4.4 |  | 4.4
Weighted average discount rate (%) | 8.6% |  | 7.6%
Cash paid for amounts included in the measurement of operating lease liabilities ($, in millions) | 17.4 |  | 19.7
ROU assets obtained in exchange for new operating lease liabilities ($, in millions) | 23.1 |  | 22.1
Schedule of Lessee, Operating Lease, Liability, Maturity | As of May 3, 2025, the maturities of operating lease liabilities were as follows:
| May 3, 2025
| (in thousands)
Remainder of 2025 | $ | 64,047 |
2026 | 55,614 |
2027 | 28,633 |
2028 | 19,393 |
2029 | 13,402 |
Thereafter | 39,146 |
Total operating lease payments | 220,235 |
Less: imputed interest | (41,046) |
Present value of operating lease liabilities | $ | 179,189 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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