Leases (Tables)

6 Months Ended

Jul. 31, 2021

Lease Cost, Supplemental Balance Sheet, and Supplmental Cash Flows

The following table summarizes the components of lease cost recognized in the condensed consolidated statements of operations for the six months ended July 31, 2021 and July 25, 2020 (dollars in thousands):


	For the Three Months Ended				For the Six Months Ended
	July 31, 2021		July 25, 2020		July 31, 2021		July 25, 2020
Lease cost under long-term operating leases	$	8,796	$	8,763	$	17,426	$	17,615
Lease cost under short-term operating leases	6,064		7,153		11,255		15,984
Variable lease cost under short-term and long-term operating leases(1)	696		1,066		1,940		2,160
Total lease cost	$	15,556	$	16,982	$	30,621	$	35,759

(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 $67.0 million as of July 31, 2021 and $63.1 million as of January 30, 2021. Supplemental balance sheet information related to these liabilities is as follows:


	July 31, 2021		January 30, 2021
Weighted average remaining lease term	3.2 years		3.2 years
Weighted average discount rate	4.1	%	4.6	%

Supplemental cash flow information related to our long-term operating lease liabilities as of July 31, 2021 and July 25, 2020 is as follows (dollars in thousands):


	For the Three Months Ended				For the Six Months Ended
	July 31, 2021		July 25, 2020		July 31, 2021		July 25, 2020
Cash paid for amounts included in the measurement of lease liabilities	$	6,835	$	8,508	$	17,586	$	16,472
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	7,859	$	6,516	$	19,569	$	17,756

Operating Lease Liability Maturity Schedule

As of July 31, 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
Remainder of 2022	$	15,071
2023	25,129
2024	15,878
2025	9,479
2026	4,416
Thereafter	2,724
Total lease payments	72,697
Less: imputed interest	(5,721)
Total	$	66,976