Leases (Tables)

12 Months Ended

Feb. 01, 2020

Components of net lease cost and other information

The following table is a summary of the Company’s components of total lease costs for the year ended February 1, 2020 (in thousands):



	February 1, 2020
Operating lease cost	$	322,346
Finance lease cost:
Amortization of right-of-use assets	1,128
Interest on lease liabilities	2,503
Total finance lease costs	3,631
Variable lease costs	98
Net lease costs	$	326,075

The weighted average remaining lease term and weighted average discount rate for operating and finance leases as of February 1, 2020 were as follows:



	Operating Leases		Finance Leases
Weighted average remaining lease term in years	8.6		9.3
Weighted average discount rate percentage	8.2	%	8.3	%

Cash paid for amounts included in the measurement of lease liabilities were as follows (in thousands):



Operating cash flows paid for operating leases	$	311,971
Operating cash flows paid for interest portion of finance leases	2,503
Financing cash flows paid for principal portion of finance leases	612

Maturities of operating lease liabilities

Future lease commitments to be paid by the Company as of February 1, 2020 were as follows (in thousands):



Fiscal year	Operating Leases			Finance Leases
2020	$	319,628		$	3,412
2021	319,632			3,439
2022	310,109			3,439
2023	296,508			3,439
2024	274,258			3,439
Thereafter	1,943,641			16,842
Total future minimum lease payments	3,463,776			34,010
Less: imputed interest	(1,353,236		)	(17,795		)
Present value of lease liabilities	$	2,110,540		$	16,215

Maturities of finance lease liabilities

Future lease commitments to be paid by the Company as of February 1, 2020 were as follows (in thousands):



Fiscal year	Operating Leases			Finance Leases
2020	$	319,628		$	3,412
2021	319,632			3,439
2022	310,109			3,439
2023	296,508			3,439
2024	274,258			3,439
Thereafter	1,943,641			16,842
Total future minimum lease payments	3,463,776			34,010
Less: imputed interest	(1,353,236		)	(17,795		)
Present value of lease liabilities	$	2,110,540		$	16,215

Lease commitments operating leases

The following table represents the Company's lease commitments under its previous presentation of its operating and finance lease agreements as of February 2, 2019 (in thousands):



Fiscal Year	Operating Leases		Finance Leases
2019	$	309,785	$	4,510
2020	310,956		4,807
2021	299,410		4,833
2022	282,841		4,894
2023	264,363		4,956
Thereafter	1,778,207		34,377
Total	$	3,245,562	$	58,377

Lease commitments capital leases

The following table represents the Company's lease commitments under its previous presentation of its operating and finance lease agreements as of February 2, 2019 (in thousands):



Fiscal Year	Operating Leases		Finance Leases
2019	$	309,785	$	4,510
2020	310,956		4,807
2021	299,410		4,833
2022	282,841		4,894
2023	264,363		4,956
Thereafter	1,778,207		34,377
Total	$	3,245,562	$	58,377