Leases

12 Months Ended

Feb. 03, 2018

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

Note 8. Leases

At February 3, 2018, the Company leased 260 stores under operating leases, many of which contain renewal options and escalation clauses, for periods ranging from one to ten years. Most leases also provide for payment of operating expenses and real estate taxes. Some also provide for contingent rent based on percentage of sales over a certain sales volume. In addition, as more fully discussed in Note 12 to Consolidated Financial Statements, the Company leases its Albany, NY distribution center and administrative offices under an operating lease from an entity controlled by the estate of its former Chairman.

Rental expense was as follows ($ in thousands):

	Fiscal Year
	2017		2016		2015
Minimum rentals		$25,033		$28,531		$30,311
Contingent rentals		—		9		13
		$25,033		$28,540		$30,324

Future minimum rental payments required under all leases that have initial or remaining non-cancelable lease terms at February 3, 2018, are as follows ($ in thousands):

	Operating Leases
2018	$25,308
2019	9,933
2020	7,899
2021	4,804
2022	1,746
Thereafter	965
Total minimum payments required	$50,655

In addition to the obligations in the table above, a number of the Company’s stores have leases which have rent payments based on the store’s sales volume in lieu of fixed minimum rent payments. During fiscal 2017, fiscal 2016, and fiscal 2015, minimum rent payments based on a store’s sales volume were $0.6 million, $0.8 million and $0.9 million, respectively.