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Accounting for Leases (Tables)
12 Months Ended
Jan. 29, 2017
Schedule of Total Rent Expense for All Operating Leases

Total rent expense for all operating leases was as follows:

 

In thousands    Fiscal 2016     Fiscal 2015     Fiscal 2014  

Rent expense

   $ 251,066     $ 224,564     $ 215,221  

Contingent rent expense

     26,980       33,985       32,699  

Rent expense before deferred lease incentive income

     278,046       258,549       247,920  

Deferred lease incentive income

     (25,298     (24,679     (24,420

Less: sublease rental income

     (558     (608     (560

Total rent expense1

   $     252,190     $     233,262     $     222,940  

 

1  Excludes all other occupancy-related costs including depreciation, common area maintenance, property taxes and utilities.
Schedule of Aggregate Future Minimum Annual Cash Rental Payments Under Non-Cancellable Operating Leases

The aggregate future minimum annual cash rental payments under non-cancellable operating leases in effect at January 29, 2017 were as follows:

 

In thousands

     Lease Commitments1  

Fiscal 2017

     $                   268,593  

Fiscal 2018

     258,767  

Fiscal 2019

     237,667  

Fiscal 2020

     206,874  

Fiscal 2021

     177,812  

Thereafter

     676,797  

Total

     $                1,826,510  

 

1  Projected cash payments include only those amounts that are fixed and determinable as of the reporting date and are not necessarily representative of future expected rent expense. We currently pay rent for certain store locations based on a percentage of store sales. As future store sales cannot be predicted with certainty, projected payments for these locations are based on minimum rent, which is generally higher than rent based on a percentage of store sales. We incur other lease obligation expenses, such as common area maintenance and other executory costs, which are not fixed in nature and are thus not included in the future projected cash payments reflected above. In addition, projected cash payments do not include any benefit from deferred lease incentive income, which is reflected within “Total rent expense” above.