Leases (Tables)

3 Months Ended

May 04, 2019

Office equipment and other transportation equipment operating lease cost is included in store operating, selling and administrative expenses in the unaudited condensed consolidated statement of operations.

	13 Weeks Ended May 4, 2019
Operating lease cost	$	17,138
Finance lease cost:
Amortization of assets		237
Interest on lease liabilities		65
Variable lease cost		385
	$	17,825

Supplemental Balance Sheet Information

The following tables provide supplemental balance sheet information related to leases (in thousands):

	Balance Sheet Classification	May 4, 2019
Assets:
Operating right-of-use assets	Operating right-of-use assets		$	224,870
Finance right-of-use assets, net ⁽¹⁾	Finance right-of-use assets, net			2,228

Liabilities:
Current:
Operating leases	Operating lease liabilities		$	66,268
Finance leases	Finance/capital lease obligations			973
Noncurrent:
Operating leases	Operating lease liabilities			188,839
Finance leases	Finance/capital lease obligations			1,777

(1)	Net of $237 accumulated amortization

Weighted average remaining lease term (in years):
Operating leases			5
Finance leases			4

Weighted average discount rate:
Operating leases			4.2%
Finance leases			11.6%

Supplemental Cash Flow and Other Information Related to Leases

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases	$	17,269
Operating cash flows from finance leases	$	65
Financing cash flows from finance leases	$	242

ROU assets obtained in exchange for lease liabilities, net
Operating leases	$	10,142
Finance leases	$	-

Maturities of Lease Liabilities

Maturities of lease liabilities as of May 4, 2019 (in thousands):

	Operating		Finance		Total
Remainder of Fiscal 2020	$	57,071	$	911	$	57,982
Fiscal 2021		67,037		932		67,969
Fiscal 2022		53,489		453		53,942
Fiscal 2023		38,767		413		39,180
Fiscal 2024		25,997		310		26,307
Thereafter		45,236		217		45,453
Total minimum lease payments		287,597		3,236		290,833
Less amount representing interest		32,490		486		32,976
	$	255,107	$	2,750	$	257,857

Future Lease Payments Under Non-Cancelable Leases

As previously disclosed in our 2019 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum lease payments due under non-cancelable capital and operating leases as of February 2, 2019 were as follows:

	Capital		Operating		Total
Fiscal 2020	$	1,259	$	68,002	$	69,261
Fiscal 2021		951		58,666		59,617
Fiscal 2022		451		46,683		47,134
Fiscal 2023		408		34,011		34,419
Fiscal 2024		306		22,426		22,732
Thereafter		217		40,181		40,398
Total minimum lease payments		3,592		269,969		273,561
Less amount representing interest		581		-		581
	$	3,011	$	269,969	$	272,980