Leases

12 Months Ended

Jan. 29, 2022

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 2022 and fiscal 2021 (dollars in thousands):


	Fiscal Year Ended
	January 29, 2022		January 30, 2021
Lease cost under long-term operating leases	$	34,520	$	35,411
Lease cost under short-term operating leases	24,218		28,532
Variable lease cost under short-term and long-term operating leases(1)	3,405		4,113
Total lease cost	$	62,143	$	68,056

(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 $61.2 million and $63.1 million as of January 29, 2022 and January 30, 2021, respectively. Supplemental balance sheet information related to these liabilities is as follows:


	January 29, 2022		January 25, 2020
Weighted average remaining lease term	3.1 years		3.2 years
Weighted average discount rate	3.8	%	4.6	%

Supplemental cash flow information related to our long-term operating lease liabilities as of January 29, 2022 and January 30, 2021 is as follows (dollars in thousands):


	Fiscal Year Ended
	January 29, 2022		January 30, 2021
Cash paid for amounts included in the measurement of lease liabilities	$	33,514	$	33,313
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	29,725	$	27,510

As of January 29, 2022, 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
2023	$	26,594
2024	18,210
2025	11,248
2026	5,381
2027	2,274
Thereafter	1,165
Total lease payments	64,872
Less: imputed interest	(3,712)
Total	$	61,160

As of January 29, 2022, the Company had additional operating leases with total leases costs of $3.0 million that have not yet commenced. These leases will commence in fiscal 2023.