Leases (Tables)

3 Months Ended

12 Months Ended

May 04, 2019

Feb. 02, 2019

Lessee, Operating Lease, Disclosure [Table Text Block]

As reported under the previous accounting standard, the following table provides a summary of operating lease commitments, including leasehold financing obligations, under noncancelable leases as of February 2, 2019:



(in thousands)
Fiscal 2019	$	367,622
Fiscal 2020	$	304,270
Fiscal 2021	$	205,542
Fiscal 2022	$	159,617
Fiscal 2023	$	128,626
Fiscal 2024 and thereafter	$	310,003

Lease, Cost [Table Text Block]

The following table provides a summary of the Company’s operating lease costs for the thirteen weeks ended May 4, 2019:



(in thousands)	May 4, 2019
Single lease cost ⁽¹⁾	$	92,274
Variable lease cost ⁽²⁾	42,845
Total operating lease cost	$	135,119


⁽¹⁾	Includes amortization and interest expense associated with operating lease right-of-use assets and liabilities.


⁽²⁾	Includes variable payments related to both lease and nonlease components, such as contingent rent payments made by the Company based on performance, and payments related to taxes, insurance, and maintenance costs.

The following table provides the weighted-average remaining lease term of the Company’s operating leases and the weighted-average discount rates used to calculate the Company’s operating lease liabilities as of May 4, 2019:



	May 4, 2019
Weighted-average remaining lease term (years)	6.2
Weighted-average discount rate	5.4	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table provides a maturity analysis of the Company’s operating lease liabilities, based on undiscounted cash flows, as of May 4, 2019:



(in thousands)
Fiscal 2019 (excluding the thirteen weeks ended May 4, 2019)	$	265,232
Fiscal 2020	328,707
Fiscal 2021	281,713
Fiscal 2022	233,274
Fiscal 2023	189,987
Fiscal 2024 and thereafter	466,402
Total undiscounted operating lease payments	$	1,765,315
Less: Imputed interest	(279,820		)
Present value of operating lease liabilities	$	1,485,495

As of May 4, 2019, the Company had minimum commitments related to additional operating lease contracts that have not yet commenced, primarily for its Company-operated retail stores, of approximately $21.1 million.