LEASE AND OTHER COMMITMENTS

12 Months Ended

Jan. 31, 2015

NOTE 6—LEASE AND OTHER COMMITMENTS

The aggregate minimum rental payments for all leases having initial terms of more than one year are as follows:

(dollar amounts in thousands)	Operating Leases
Fiscal Year
2015	$	114,258
2016		106,774
2017		99,370
2018		87,919
2019		78,813
Thereafter		259,087

Aggregate minimum lease payments	$	746,221

Rental expense incurred for operating leases in fiscal 2014, 2013, and 2012 was $108.2 million, $102.3 million and $97.9 million, respectively, and are recorded primarily in cost of revenues. The deferred gain for all sale leaseback transactions is being recognized as a reduction of costs of merchandise sales and costs of service revenues over the minimum term of these leases.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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