Leases (Tables)

6 Months Ended

Aug. 03, 2019

Leases, Assets and Liabilities [Abstract]

Assets and Liabilities, Lessee [Table Text Block]

Leases were recorded in our consolidated balance sheets as follows:

Leases	Balance Sheet Location	August 3, 2019
Assets		(In thousands)
Operating	Operating lease right-of-use assets	$	1,208,349
Finance	Property and equipment - net	80,578
Total right-of-use assets		$	1,288,927
Liabilities
Current
Operating	Current operating lease liabilities	$	239,592
Finance	Accrued operating expenses	75,211
Noncurrent
Operating	Noncurrent operating lease liabilities	1,021,130
Finance	Other liabilities	6,631
Total lease liabilities		$	1,342,564

Lease, Cost [Table Text Block]

The components of lease costs were as follows:

	Statements of Operations and Comprehensive Income Location	Second Quarter		Year-to-date
Lease cost		2019		2019
		(In thousands)
Operating lease cost	Selling and administrative expenses	$	73,863	$	143,049
Finance lease cost
Amortization of leased assets	Depreciation	988		1,976
Interest on lease liabilities	Interest expense	120		252
Short-term lease cost	Selling and administrative expenses	1,505		3,083
Variable lease cost	Selling and administrative expenses	87		219
Total lease cost		$	76,563	$	148,579

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Maturity of our lease liabilities at August 3, 2019, was as follows:

Fiscal Year	Operating Leases			Finance Leases
2019 (excluding the first and second quarters of 2019)	$	146,028		$	5,436
2020	274,928			74,713
2021	239,318			3,338
2022	200,988			610
2023	166,300			117
Thereafter	415,526			71
Total lease payments	$	1,443,088		$	84,285
Less amount to discount to present value	$	(182,366	)	$	(2,443	)
Present value of lease liabilities	$	1,260,722		$	81,842

Lessee, Operating Lease, Disclosure [Table Text Block]

Lease term and discount rate, for our operating leases, at August 3, 2019 were as follows:

	August 3, 2019
Weighted average remaining lease term (years)	6.8
Weighted average discount rate	4.3	%

Lessee, Operating Lease, Disclosure and Schedule of Capital Leased Assets [Table Text Block]

Under ASC 840, Leases, future minimum rental commitments for leases, excluding closed store leases, real estate taxes, CAM, and property insurance, and scheduled payments for all capital leases at February 2, 2019, were as follows:

Fiscal Year	Operating Leases		Capital Leases
2019 (full 12 months)	$	279,844	$	9,050
2020	244,978		10,815
2021	204,362		9,725
2022	159,479		6,992
2023	120,023		6,512
Thereafter	310,474		127,864
Total lease payments	$	1,319,160	$	170,958
Less amount to discount to present value			$	(14,758	)
Present value of lease liabilities			$	156,200