Leases (Tables)

9 Months Ended

Nov. 02, 2019

Leases [Abstract]

Schedule of Lease Related Costs

Lease-related costs reported in our condensed consolidated statements of income were as follows:

(In thousands)	Thirteen Weeks Ended November 2, 2019		Thirty-nine Weeks Ended November 2, 2019
Operating lease cost	$	13,700	$	41,094
Variable lease cost		447		874
CAM, property taxes and insurance		4,935		15,119
Total	$	19,082	$	57,087

Schedule of Other Information Related to Leases

Other information related to leases, including supplemental cash flow information, consists of:

(In thousands)	Thirty-nine Weeks Ended November 2, 2019
Cash paid for amounts included in the measurement of    operating lease liabilities	$	34,306
ROU assets obtained in exchange for operating lease liabilities	$	27,211
	As of November 2, 2019
Weighted-average remaining lease term for operating leases    (in years)	6.3
Weighted-average discount rate for operating leases		5.5	%

Schedule of Rental Expense Under Operating Leases

The following table reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to the operating lease liabilities on the consolidated balance sheet as of November 2, 2019:

(In thousands)	Operating Leases
2019 (excluding the first nine fiscal months)	$	20,214
2020		55,232
2021		55,167
2022		47,956
2023		41,335
Thereafter to 2034		87,019
Total undiscounted lease payments		306,923
Less: Imputed interest		62,304
Total operating lease liabilities		244,619
Less: Current portion of operating lease liabilities		42,481
Long-term portion of operating lease liabilities	$	202,138

Schedule of Future Minimum Payments Under Operating Leases

Our future minimum lease payments for operating leases as of February 2, 2019, in accordance with legacy lease accounting guidance, were as follows:

(In thousands)	Operating Leases
2019	$	60,807
2020		51,937
2021		50,687
2022		41,536
2023		34,035
Thereafter to 2031		56,437
Total	$	295,439