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Leases
 6 Months Ended
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.