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Leases (Tables)
6 Months Ended
Jul. 29, 2023
Leases [Abstract]  
Summary of lease expense

In accordance with ASC 842, total lease expense was comprised of the following for the periods presented:

 

 

Thirteen Weeks Ended

 

 

Twenty-Six Weeks Ended

 

 

July 29,

 

 

July 30,

 

 

July 29,

 

 

July 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease expense

 

$

16,129

 

 

$

14,550

 

 

$

31,717

 

 

$

28,945

 

Variable lease expense

 

 

5,735

 

 

 

4,760

 

 

 

11,228

 

 

 

9,062

 

Short-term lease expense

 

 

348

 

 

 

314

 

 

 

609

 

 

 

584

 

Total lease expense

 

$

22,212

 

 

$

19,624

 

 

$

43,554

 

 

$

38,591

 

Schedule of other information

In accordance with ASC 842, other information related to leases was as follows for the periods presented:

 

 

Twenty-Six Weeks Ended

 

 

July 29,

 

 

July 30,

 

 

2023

 

 

2022

 

Operating cash flows from operating leases

 

$

(33,984

)

 

$

(31,351

)

 

 

 

As of July 29,

 

 

As of July 30,

 

 

2023

 

 

2022

 

Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities

 

$

46,081

 

 

$

23,972

 

Terminated right-of-use assets and liabilities

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

5.83

 

 

 

5.75

 

Weighted-average discount rate - operating leases

 

 

7.78

%

 

 

8.16

%

Schedule of maturities of operating lease liabilities

In accordance with ASC 842, maturities of operating lease liabilities as of July 29, 2023 were as follows:

 

 

Operating

 

Year Ending:

 

Leases

 

2023 (remainder)

 

$

36,017

 

 2024

 

 

70,747

 

 2025

 

 

64,184

 

 2026

 

 

59,130

 

 2027

 

 

51,585

 

Thereafter

 

 

177,399

 

Undiscounted cash flows

 

$

459,062

 

Reconciliation of lease liabilities:

 

 

 

Present values

 

$

346,638

 

Lease liabilities - current

 

 

47,864

 

Lease liabilities - noncurrent

 

 

298,774

 

Lease liabilities - total

 

$

346,638

 

Difference between undiscounted and discounted cash flows

 

$

112,424