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Leases (Tables)

3 Months Ended

Apr. 30, 2023

Leases [Abstract]

Expense Components Leases Reflected Consolidated Statement of Operations


		Consolidated Statement		Three Months Ended
		of Operations		April 30, 2023			May 1, 2022
(in thousands)
Finance lease expenses
Amortization of right-of-use ‎assets		Selling, general and ‎administrative expenses		$	840		$	840
Interest on lease liabilities		Interest expense			438			466
Total finance lease expense				$	1,278		$	1,306
Operating lease expense		Selling, general and ‎administrative expenses		$	5,050		$	4,389
Amortization of build-to-suit ‎leases capital contribution		Selling, general and ‎administrative expenses			321			321
Variable lease expense		Selling, general and ‎administrative expenses			2,914			1,972
Total lease expense				$	9,563		$	7,988

Other Information Related to Leases


		Three Months Ended
		April 30, 2023			May 1, 2022
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases		$	694		$	664
Operating cash flows from finance leases		$	438		$	466
Operating cash flows from operating leases		$	5,135		$	4,439

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases			588			—

Weighted-average remaining lease term (in years):
Finance leases			11			12
Operating leases			8			8

Weighted-average discount rate:
Finance leases			4.4%			4.4%
Operating leases			4.1%			4.1%

Future Minimum Lease Payments Under Non-Cancellable Leases


Fiscal year		Finance			Operating
(in thousands)
2023 (remainder of fiscal year)		$	3,419		$	15,569
2024			4,736			20,313
2025			5,099			19,648
2026			3,993			18,795
2027			3,993			17,545
Thereafter			29,231			61,036
Total future minimum lease payments		$	50,471		$	152,906
Less – Discount			(10,898)			(23,174)
Lease liability		$	39,573		$	129,732