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LEASES
6 Months Ended
Jul. 29, 2023
Leases [Abstract]  
LEASES LEASES
The Company has operating leases for retail stores, corporate offices, distribution facilities, and certain equipment. The Company’s leases have remaining lease terms ranging from less than one year up to nine years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the lease early. The Company records all occupancy costs in Cost of sales, except costs for administrative office buildings, which are recorded in Selling, general, and administrative expenses. As of the periods presented, the Company’s finance leases were not material to the Consolidated Balance Sheets, Consolidated Statements of Operations, or Consolidated Statements of Cash Flows.
The following components of operating lease expense were recognized in the Company’s Consolidated Statements of Operations:
 Thirteen Weeks EndedTwenty-six Weeks Ended
July 29, 2023July 30, 2022July 29,
2023
July 30,
2022
(in thousands)
Fixed operating lease cost$21,481 $24,070 $42,387 $47,040 
Variable operating lease cost (1)
14,388 12,573 29,085 27,691 
Total operating lease cost$35,869 $36,643 $71,472 $74,731 
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(1)Includes short term leases with lease periods of less than 12 months.
As of July 29, 2023, the weighted-average remaining operating lease term was 3.2 years, and the weighted-average discount rate for operating leases was 5.2%. Cash paid for amounts included in the measurement of operating lease liabilities during Year-To-Date 2023 was $41.9 million. ROU assets obtained in exchange for new operating lease liabilities were $15.5 million during Year-To-Date 2023.
As of July 29, 2023, the maturities of operating lease liabilities were as follows:
July 29,
2023
(in thousands)
Remainder of 2023
$46,940 
202441,983 
202516,132 
202612,039 
20279,394 
Thereafter12,866 
Total operating lease payments
139,353 
Less: imputed interest(10,373)
Present value of operating lease liabilities$128,980