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Leases | 6 Months Ended
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Aug. 03, 2025
Disclosure Text Block [Abstract] |
Lessee, Operating Leases [Text Block] |
| 9. | Leases
We have operating leases for warehouses, showrooms, manufacturing facilities, offices and equipment. Sub-lease income totaled $119,000 in the second quarter and $200,000 for the first half of fiscal 2026, compared with $18,000 and $71,000, respectively, in fiscal 2025 periods. The components of lease cost and supplemental cash flow information for leases for the second quarters and six-months of fiscal 2026 and 2025 were:
|  | Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
|  | August 3, 2025 |  |  | July 28, 2024 |  |  | August 3, 2025 |  |  | July 28, 2024 |
Operating lease cost |  | $ | 2,515 |  |  | $ | 2,533 |  |  | $ | 5,056 |  |  | $ | 5,060 |
Variable lease cost |  |  | 74 |  |  |  | 83 |  |  |  | 163 |  |  |  | 188 |
Short-term lease cost |  |  | 50 |  |  |  | 83 |  |  |  | 99 |  |  |  | 199 |
Total operating lease cost |  | $ | 2,639 |  |  | $ | 2,699 |  |  | $ | 5,318 |  |  | $ | 5,447 |
Operating cash outflows |  | $ | 2,601 |  |  | $ | 2,554 |  |  | $ | 5,213 |  |  | $ | 5,163 |
The right-of-use assets and lease liabilities recorded on our condensed consolidated balance sheets as of August 3, 2025 and February 2, 2025 were as follows:
|  | August 3, 2025 |  |  | February 2, 2025 |
Real estate |  | $ | 40,995 |  |  | $ | 44,640 |
Property and equipment |  |  | 802 |  |  |  | 935 |
Total operating leases right-of-use assets |  | $ | 41,797 |  |  | $ | 45,575 |
Current portion of operating lease liabilities |  | $ | 7,798 |  |  | $ | 7,502 |
Long term operating lease liabilities |  |  | 37,103 |  |  |  | 41,073 |
Total operating lease liabilities |  | $ | 44,901 |  |  | $ | 48,575 |
The weighted-average discount rate is 5.53%. The weighted-average remaining lease term is 5.8 years. 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 3, 2025:
|  | Undiscounted Future Operating Lease Payments |
Remainder of fiscal 2026 |  | $ | 5,008 |
2027 |  |  | 10,091 |
2028 |  |  | 8,426 |
2029 |  |  | 7,725 |
2030 |  |  | 7,337 |
2031 and thereafter |  |  | 14,481 |
Total lease payments |  | $ | 53,068 |
Less: impact of discounting |  |  | (8,167 | )
Present value of lease payments |  | $ | 44,901 |
During the fiscal 2026 second quarter, we entered into an agreement to terminate and surrender the Georgia warehouse by October 31, 2025. This amendment is expected to reduce right-of-use assets by approximately $10.1 million, lease liabilities by $10.7 million, and lease payments by $13.4 million over the remaining lease term. Since the agreement has not yet commenced, the modification is not reflected in the table above.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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