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Leases (Tables)
 12 Months Ended
Feb. 03, 2024
Leases [Abstract]  
Components of Lease Expense and Sublease Income
The components of lease expense and sublease income included in selling, general and administrative ("SG&A") expenses on our statement of income is as follows (amounts in thousands):
Fiscal Year Ended
February 3, 2024January 28, 2023January 29, 2022
Operating lease expense$214,672 $201,398 $197,321 
Short-term lease expense— — — 
Variable lease expense10,405 8,398 7,757 
Sublease income(463)(442)(486)
Net lease expense$224,614 $209,354 $204,592 

Information about our operating leases is as follows (dollar amounts in thousands):
Fiscal Year Ended
February 3, 2024January 28, 2023January 29, 2022
Right-of-use assets obtained in exchange for new operating lease liabilities$134,181$116,652$26,253 
Cash paid for amounts included in the measurement of operating lease liabilities$213,860$204,159$203,554 
February 3, 2024January 28, 2023
Weighted-average remaining lease term in years9.59.8
Weighted-average incremental borrowing rate8.9 %9.0 %
Remaining Maturities of Lease Liabilities
The remaining maturities of lease liabilities by fiscal year as of February 3, 2024 are as follows (amounts in thousands):
2024$200,494 
2025214,244 
2026205,944 
2027191,893 
2028173,835 
After 2028810,337 
Total lease payments (1)
1,796,747 
Less: Interest(587,604)
Present value of lease liabilities$1,209,143 
(1) Minimum lease payments have not been reduced by sublease rentals of $2.3 million due in the future under non-cancelable subleases. The Company has entered into operating leases related to future store locations for which we have not yet taken possession of the location. As of February 3, 2024, the future minimum lease payments on these leases approximated $159.3 million.