Leases (Tables)

9 Months Ended

Oct. 29, 2022

Leases [Abstract]

Lease Cost, Supplemental Balance Sheet, and Supplemental Cash Flows

The following table summarizes the components of lease cost recognized in the condensed consolidated statements of operations for the three and nine months ended October 29, 2022 and October 30, 2021 (dollars in thousands):

	For the Three Months Ended				For the Nine Months Ended
	October 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Lease cost under long-term operating leases	$	8,593	$	8,526	$	25,520	$	25,952
Lease cost under short-term operating leases	7,183		6,452		19,898		17,707
Variable lease cost under short-term and long-term operating leases(1)	897		756		2,917		2,696
Total lease cost	$	16,673	$	15,734	$	48,335	$	46,355

(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 $66.0 million as of October 29, 2022 and $61.2 million as of January 29, 2022. Supplemental balance sheet information related to these liabilities is as follows:

	October 29, 2022		January 29, 2022
Weighted average remaining lease term	2.9 years		3.1 years
Weighted average discount rate	3.7	%	3.8	%

Supplemental cash flow information related to our long-term operating lease liabilities for the three and nine months ended October 29, 2022 and October 30, 2021 is as follows (dollars in thousands):

	For the Three Months Ended				For the Nine Months Ended
	October 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Cash paid for amounts included in the measurement of lease liabilities	$	9,452	$	9,670	$	25,317	$	25,736
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	9,202	$	3,075	$	28,659	$	22,644

Operating Lease Liability Maturity Schedule

As of October 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
Remainder of 2023	$	7,347
2024	29,004
2025	20,281
2026	10,789
2027	4,787
Thereafter	2,062
Total lease payments	74,270
Less: imputed interest	(8,235)
Total	$	66,035

As of October 29, 2022, the Company had additional operating leases with total leases costs of $0.2 million, which will commence during the fourth quarter of fiscal 2023.