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Leases (Tables)
9 Months Ended
Oct. 28, 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

 

 

Thirty-Nine Weeks Ended

 

 

October 28,

 

 

October 29,

 

 

October 28,

 

 

October 29,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease expense

 

$

16,448

 

 

$

14,729

 

 

$

48,165

 

 

$

43,674

 

Variable lease expense

 

 

5,474

 

 

 

4,635

 

 

 

16,702

 

 

 

13,697

 

Short-term lease expense

 

 

385

 

 

 

337

 

 

 

994

 

 

 

921

 

Total lease expense

 

$

22,307

 

 

$

19,701

 

 

$

65,861

 

 

$

58,292

 

Schedule of other information

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

 

 

Thirty-Nine Weeks Ended

 

 

October 28,

 

 

October 29,

 

 

2023

 

 

2022

 

Operating cash flows from operating leases

 

$

(51,849

)

 

$

(47,402

)

 

 

 

As of October 28,

 

 

As of October 29,

 

 

2023

 

 

2022

 

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

 

$

52,314

 

 

$

46,050

 

Terminated right-of-use assets and liabilities

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

5.83

 

 

 

5.83

 

Weighted-average discount rate - operating leases

 

 

7.76

%

 

 

8.06

%

Schedule of maturities of operating lease liabilities

In accordance with ASC 842, maturities of operating lease liabilities as of October 28, 2023 were as follows:

 

 

Operating

 

Fiscal Year Ending:

 

Leases

 

2023 (remainder)

 

$

18,129

 

 2024

 

 

71,934

 

 2025

 

 

65,851

 

 2026

 

 

60,797

 

 2027

 

 

53,252

 

Thereafter

 

 

188,817

 

Undiscounted cash flows

 

$

458,780

 

Reconciliation of lease liabilities:

 

 

 

Present values

 

$

347,633

 

Lease liabilities - current

 

 

48,254

 

Lease liabilities - noncurrent

 

 

299,379

 

Lease liabilities - total

 

$

347,633

 

Difference between undiscounted and discounted cash flows

 

$

111,147