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Leases | 6 Months Ended
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Aug. 01, 2021
Disclosure Text Block [Abstract] |
Lessor, Operating Leases [Text Block] | 8. Leases We recognized sub-lease income of $150,000 for the three-month period and $296,000 for the six-month period, both ended August 1, 2021. The components of lease cost and supplemental cash flow information for leases for the three-months and six-months ended August 1, 2021 were:
|  | Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
|  | August 1, 2021 |  |  | August 2, 2020 |  |  | August 1, 2021 |  |  | August 2, 2020 |
Operating lease cost |  | $ | 1,906 |  |  | $ | 2,153 |  |  | $ | 3,919 |  |  | $ | 4,253 |
Variable lease cost |  |  | 65 |  |  |  | 22 |  |  |  | 109 |  |  |  | 69 |
Short-term lease cost |  |  | 19 |  |  |  | 67 |  |  |  | 28 |  |  |  | 186 |
Total operating lease cost |  | $ | 1,990 |  |  | $ | 2,242 |  |  | $ | 4,056 |  |  | $ | 4,508 |
Operating cash outflows |  | $ | 1,954 |  |  | $ | 1,931 |  |  | $ | 3,936 |  |  | $ | 3,833 |
The right-of-use assets and lease liabilities recorded on our Condensed Consolidated Balance Sheets as of August 1,2021 and January 31,2021 were as follows:
|  | August 1, 2021 |  |  | January 31, 2021 |
Real estate |  | $ | 25,251 |  |  | $ | 33,651 |
Property and equipment |  |  | 925 |  |  |  | 962 |
Total operating leases right-of-use assets |  | $ | 26,176 |  |  | $ | 34,613 |
Current portion of operating lease liabilities |  | $ | 5,942 |  |  | $ | 6,650 |
Long term operating lease liabilities |  |  | 21,801 |  |  |  | 29,441 |
Total operating lease liabilities |  | $ | 27,743 |  |  | $ | 36,091 |
The weighted-average remaining lease term is 6.5 years. We used our incremental borrowing rate which is LIBOR plus 1.5% at the adoption date. The weighted-average discount rate is 2.3%. The following table reconciles the undiscounted future lease payments for operating leases to the operating lease liabilities recorded in the condensed consolidated balance sheets on August 1, 2021:
|  | Undiscounted Future Operating Lease Payments |
Remainder of 2022 |  | $ | 3,523 |
2023 |  |  | 5,341 |
2024 |  |  | 4,109 |
2025 |  |  | 3,996 |
2026 |  |  | 3,975 |
2027 and thereafter |  |  | 9,114 |
Total lease payments |  | $ | 30,058 |
Less: impact of discounting |  |  | (2,315 | )
Present value of lease payments |  | $ | 27,743 |
As of August 1, 2021, the Company had leases for a warehouse in Georgia and a showroom in North Carolina that had not yet commenced with estimated future minimum rental commitments of approximately $51 million. Both leases have an initial lease term of 10 years, with the warehouse lease expected to commence in Fall of 2021 and the showroom lease expected to commence in Fall of 2022. Since the leases have not yet commenced, the undiscounted amounts are not included in the table above.

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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=77888252 + Details
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