Leases (Tables)

6 Months Ended

Aug. 03, 2019

Leases [Abstract]

Schedule of leased assets with renewal provisions

The following table summarizes the location and expiration date of the Company’s leased warehouses:

Location	Lease Expiration Date
Leased Warehouses
Carlisle, Pennsylvania	2020
Carlisle, Pennsylvania	2021
Fort Mill, South Carolina	2024
Rock Hill, South Carolina	2028
Shafter, California	2029
Third-Party Warehouses
Fort Mill, South Carolina	2020
Moreno Valley, California	2023
Moreno Valley, California	2029
Shafter, California	2020

Schedule of operating lease costs

The following table presents operating lease costs included in the Condensed Consolidated Statement of Earnings for the three and six month periods ended August 3, 2019:

	Three Months Ended		Six Months Ended
($000)	August 3, 2019		August 3, 2019
Operating lease cost 1	$	159,648	$	315,214
Variable lease costs 2	43,872		86,786
Net lease cost 3	$	203,520	$	402,000
1  Net of sublease income which was immaterial.
2  Includes property and rent taxes, insurance, common area maintenance, and percentage rent.
3  Excludes short-term lease costs which were immaterial.

Schedule of maturity of operating lease liabilities

The maturity of operating lease liabilities, including the ground lease related to the New York buying office as of August 3, 2019, are as follows:

($000)	Operating Leases 1
2020	$	593,543
2021	600,160
2022	521,350
2023	438,964
2024	338,686
Thereafter	1,631,666
Total lease payments	4,124,369
Less: interest	1,078,298
Present value of lease liabilities	$	3,046,071
Less: current operating lease liabilities	549,841
Non-current operating lease liabilities	$	2,496,230
1 Operating lease payments exclude $211.9 million of minimum lease payments for leases signed that have not yet commenced.

Schedule of aggregate undiscounted future minimum annual lease payments under leases in accordance with ASC 840

In accordance with ASC 840, the aggregate undiscounted future minimum annual lease payments under leases, including the ground lease related to the New York buying office, in effect at February 2, 2019 were as follows:

($000)	Total operating leases
2019	$	555,812
2020	580,712
2021	499,678
2022	424,695
2023	339,340
Thereafter	1,575,673
Total minimum lease payments	$	3,975,910