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Leases | 9 Months Ended
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Oct. 31, 2021
Disclosure Text Block [Abstract] |
Lessor, Operating Leases [Text Block] | 9. Leases We recognized sub-lease income of $266,000 for the three-month period and $561,000 for the nine-month period, both ended October 31, 2021. We recognized sub-lease income of $144,000 for the three-month period and $432,000 for the nine-month period, both ended November 1, 2020. The components of lease cost and supplemental cash flow information for leases for the three-months and nine-months ended October 31, 2021 and November 1, 2020 were:
|  | Thirteen Weeks Ended |  |  | Thirty-Nine Weeks Ended |
|  | October 31, 2021 |  |  | November 1, 2020 |  |  | October 31, 2021 |  |  | November 1, 2020 |
Operating lease cost |  | $ | 1,794 |  |  | $ | 2,061 |  |  | $ | 5,712 |  |  | $ | 6,319 |
Variable lease cost |  |  | 53 |  |  |  | 37 |  |  |  | 162 |  |  |  | 105 |
Short-term lease cost |  |  | 27 |  |  |  | 70 |  |  |  | 94 |  |  |  | 272 |
Total operating lease cost |  | $ | 1,874 |  |  | $ | 2,168 |  |  | $ | 5,968 |  |  | $ | 6,696 |
Operating cash outflows |  | $ | 1,843 |  |  | $ | 2,056 |  |  | $ | 5,818 |  |  | $ | 5,908 |
The right-of-use assets and lease liabilities recorded on our Condensed Consolidated Balance Sheets as of October 31, 2021 and January 31, 2021 were as follows:
|  | October 31, 2021 |  |  | January 31, 2021 |
Real estate |  | $ | 52,010 |  |  | $ | 33,651 |
Property and equipment |  |  | 1,215 |  |  |  | 962 |
Total operating leases right-of-use assets |  | $ | 53,225 |  |  | $ | 34,613 |
Current portion of operating lease liabilities |  | $ | 7,293 |  |  | $ | 6,650 |
Long term operating lease liabilities |  |  | 47,530 |  |  |  | 29,441 |
Total operating lease liabilities |  | $ | 54,823 |  |  | $ | 36,091 |
The increase in right-of-use assets and lease liabilities is primarily due to the commencement of the operating lease at our new warehouse facility in Georgia during the fiscal 2022 third quarter. The weighted-average remaining lease term is 8.5 years. We used our incremental borrowing rate which is LIBOR plus 1.5% at the adoption date. The weighted-average discount rate is 1.93%. 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 October 31, 2021:
|  | Undiscounted Future Operating Lease Payments |
Remainder of 2022 |  | $ | 1,796 |
2023 |  |  | 8,213 |
2024 |  |  | 6,980 |
2025 |  |  | 6,960 |
2026 |  |  | 7,032 |
2027 and thereafter |  |  | 28,519 |
Total lease payments |  | $ | 59,500 |
Less: impact of discounting |  |  | (4,677 | )
Present value of lease payments |  | $ | 54,823 |
As of October 31, 2021, the Company had an additional lease for a showroom in High Point, North Carolina. This lease is expected to commence in Fall of calendar 2022 with an initial lease term of 10 years and estimated future minimum rental commitments of approximately $23.7 million. Since the lease has 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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