XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 12 Months Ended
--- | ---
Feb. 01, 2025
Leases [Abstract] |
Leases | (5) Leases At the inception of the lease, the Company’s operating leases have remaining certain lease terms of up to 15 years, which typically includes multiple options for the Company to extend the lease which are not reasonably certain. In the fiscal year ended February 1, 2025, the Company recorded a non-cash increase of $15,511, to ROU assets and operating lease liabilities resulting from lease remeasurements from the exercise of lease extension options, acquired leases, and new leases added. The Company has certain retail locations at which the leases provide for variable payments for common area maintenance, property taxes, insurance and rental payments based on future sales volumes at the leased location, which are not measurable at the inception of the lease. The Company recognizes variable lease expense for these leases in the period incurred. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In accordance with ASC 842, total lease expense was comprised of the following:
|  | Fiscal Year Ended |
|  | February 1, |  |  | February 3, |  |  | January 28, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Operating lease expense |  | $ | 68,543 |  |  | $ | 66,213 |  |  | $ | 58,562 |
Variable lease expense |  |  | 24,420 |  |  |  | 22,632 |  |  |  | 18,740 |
Short-term lease expense |  |  | 423 |  |  |  | 1,194 |  |  |  | 1,200 |
Total lease expense |  | $ | 93,386 |  |  | $ | 90,039 |  |  | $ | 78,502 |
In accordance with ASC 842, other information related to leases was as follows:
|  | Fiscal Year Ended |
|  | February 1, |  |  | February 3, |  |  | January 28, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Operating cash flows from operating leases |  | $ | (74,559 | ) |  | $ | (69,972 | ) |  | $ | (63,783 | )
Cash paid for lease liabilities - operating leases |  |  | (74,559 | ) |  |  | (69,972 | ) |  |  | (63,783 | )
|  | As of February 1, |  |  | As of February 3, |  |  | As of January 28, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities |  | $ | 15,511 |  |  | $ | 58,000 |  |  | $ | 54,243 |
Terminated right-of-use assets and liabilities |  |  | — |  |  |  | — |  |  |  | — |
Weighted-average remaining lease term - operating leases |  |  | 5.83 |  |  |  | 5.85 |  |  |  | 5.75 |
Weighted-average discount rate - operating leases |  |  | 7.56 | % |  |  | 7.72 | % |  |  | 7.96 | %
In accordance with ASC 842, maturities of operating lease liabilities as of February 1, 2025 were as follows:
|  | Operating |
Fiscal Year Ending: |  | Leases |
2025 |  | $ | 73,385 |
2026 |  |  | 71,226 |
2027 |  |  | 64,919 |
2028 |  |  | 58,814 |
2029 |  |  | 48,953 |
Thereafter |  |  | 143,460 |
Undiscounted cash flows |  | $ | 460,757 |
Reconciliation of lease liabilities: |  |  |
Present values |  | $ | 356,550 |
Lease liabilities - current |  |  | 49,128 |
Lease liabilities - noncurrent |  |  | 307,422 |
Lease liabilities - total |  | $ | 356,550 |
Difference between undiscounted and discounted cash flows |  | $ | 104,207 |
The Company has excluded in the table above approximately $7.9 million for a lease (undiscounted basis) that was entered into as of April 2, 2025. This lease will commence in 2025 with lease terms of 12 years.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration