XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 3 Months Ended
--- | ---
May 03, 2025
Leases [Abstract] |
Leases | NOTE 12 – LEASES: The Company determines whether an arrangement is a lease at inception. The Company has operating leases for stores, offices, warehouse space and equipment. Its leases have remaining lease terms of one year to 10 years , some of which include options to extend the lease term for up to five years , and some of which include options to terminate the lease within one year . The Company considers these options in determining the lease term used to establish its right-of-use assets and lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As most of the Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date of the lease in determining the present value of lease payments. The components of lease cost are shown below (in thousands): ` Three Months Ended May 3, 2025 May 4, 2024 Operating lease cost $ 16,588 $ 17,002 Variable lease cost (a) $ 438 $ 497 (a) Primarily relates to monthly percentage rent for stores not presented on the balance sheet. Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands): Operating cash flow information: Three Months Ended May 3, 2025 May 4, 2024 Cash paid for amounts included in the measurement of lease liabilities $ 14,534 $ 15,607 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations, net of rent violations $ 1,206 $ 444 Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: As of May 3, 2025 May 4, 2024 Weighted-average remaining lease term 2.1 Years 2.1 Years Weighted-average discount rate 5.90% 4.65% As of May 3, 2025, the maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands): Fiscal Year 2025 (a) $ 49,952 2026 43,045 2027 27,948 2028 16,845 2029 8,066 Thereafter 575 Total lease payments 146,431 Less: Imputed interest 13,835 Present value of lease liabilities $ 132,596 (a) Excluding the 3 months ended May 3, 2025.

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