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Leases (Tables)

12 Months Ended

Feb. 01, 2025

Leases [Abstract]

Maturity of Operating Lease Liabilities

The maturity of operating lease liabilities as of February 1, 2025 were as follows (in thousands):

Fiscal Year			Related Party						Other						Total						Sublease Income
2025			$	4,244					$	58,773					$	63,017					$	99
2026			4,411						43,008						47,419						105
2027			4,167						33,406						37,573						—
2028			2,251						23,400						25,651						—
2029			2,363						16,663						19,026						—
Thereafter			4,710						32,163						36,873						—
Total minimum lease payments			22,146						207,413						229,559						204
Less: Amount representing interest			2,879						32,813						35,692						—
Present value of operating lease liabilities			$	19,267					$	174,600					$	193,867					$	204

Lease Expense

Lease expense for fiscal years 2024, 2023 and 2022 was as follows (in thousands):

						Fiscal Year Ended
						February 1, 2025																		February 3, 2024																		January 28, 2023
						COGS						SG&A						Total						COGS						SG&A						Total						COGS						SG&A						Total
Fixed operating lease expense						$	66,837					$	1,429					$	68,266					$	64,868					$	1,403					$	66,271					$	63,252					$	1,317					$	64,569
Variable lease expense						14,875						42						14,917						19,271						70						19,341						16,605						44						16,649
Total lease expense						$	81,712					$	1,471					$	83,183					$	84,139					$	1,473					$	85,612					$	79,857					$	1,361					$	81,218

Supplemental lease information for the fiscal year ended February 1, 2025, February 3, 2024 and January 28, 2023 was as follows:

			Fiscal Year Ended
			February 1, 2025						February 3, 2024						January 28, 2023
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)			$	73,018					$	71,751					$	69,839
Weighted average remaining lease term (in years)			4.93 years						5.42 years						5.71 years
Weighted average interest rate (1)			6.68		%				6.63		%				6.33		%

(1) Since our leases do not provide an implicit rate, we used our incremental borrowing rate ("IBR") at lease inception, or lease modification, in determining the present value of future minimum payments. In determining an appropriate IBR, our assumptions included using a consistent discount rate for a portfolio of leases entered into at varying dates, using the full 10-year term of the lease, excluding any options, and using the total minimum lease payments.

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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