Leases

12 Months Ended

Jan. 30, 2021

We lease the majority of our office facilities as well as certain equipment, all of which are accounted for as operating leases. These leases have remaining terms ranging from less than 1 year to approximately 9 years. Some leases include options to extend the lease for up to 5 years and others include options to terminate.

The following table summarizes the components of lease cost recognized in the consolidated statement of operations for fiscal 2021 and fiscal 2020 (dollars in thousands):


	Fiscal Year Ended
	January 30, 2021		January 25, 2020
Lease cost under long-term operating leases	$	35,411	$	33,799
Lease cost under short-term operating leases	28,532		34,111
Variable lease cost under short-term and long-term operating leases(1)	4,113		4,183
Total lease cost	$	68,056	$	72,093

(1) Variable lease cost primarily includes insurance, maintenance, and other operating expenses related to our leased office facilities.

Our operating lease liabilities related to long-term operating leases were $63.1 million and $70.2 million as of January 30, 2021 and January 25, 2020, respectively. Supplemental balance sheet information related to these liabilities is as follows:


	January 30, 2021		January 25, 2020
Weighted average remaining lease term	3.2 years		3.3 years
Weighted average discount rate	4.6	%	5.2	%

Supplemental cash flow information related to our long-term operating lease liabilities as of January 30, 2021 and January 25, 2020 is as follows (dollars in thousands):


	Fiscal Year Ended
	January 30, 2021		January 25, 2020
Cash paid for amounts included in the measurement of lease liabilities	$	33,313	$	30,888
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	27,510	$	27,477

As of January 30, 2021, maturities of our lease liabilities under our long-term operating leases for the next five fiscal years and thereafter are as follows (dollars in thousands):


Fiscal Year	Amount
2022	$	28,159
2023	19,608
2024	11,645
2025	7,069
2026	2,577
Thereafter	2,178
Total lease payments	71,236
Less: imputed interest	(8,108)
Total	$	63,128

As of January 30, 2021, we had additional operating leases that have not yet commenced of $1.7 million. These leases will commence during the first quarter of fiscal 2022.