Leases (Tables)

12 Months Ended

Feb. 01, 2020

Lease-related costs reported in our consolidated statements of income post adoption of ASC 842 were as follows:

(In thousands)	2019
Operating lease cost	$	54,681
Variable lease costs
CAM, property taxes and insurance		20,010
Percentage rent and other variable lease costs		1,637
Total	$	76,328

Schedule of Other Information Related to Leases

Other information related to leases post adoption of ASC 842, including supplemental cash flow information, consists of:

(In thousands)	2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	45,933
ROU assets obtained in exchange for operating lease liabilities	$	31,474

	As of February 1, 2020
Weighted-average remaining lease term for operating leases (in years)	6.1
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 recognized pursuant to ASC 842 on the consolidated balance sheet as of February 1, 2020:

(In thousands)	Operating Leases
2020	$	55,246
2021		55,358
2022		48,188
2023		41,592
2024		28,134
Thereafter to 2034		63,446
Total undiscounted lease payments		291,964
Less: Imputed interest		54,710
Total operating lease liabilities		237,254
Less: Current portion of operating lease liabilities		43,146
Long-term portion of operating lease liabilities	$	$194,108