Leases (Tables)

12 Months Ended

Jan. 30, 2021

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

(In thousands)	2020		2019
Operating lease cost	$	53,418	$	54,681
Variable lease cost
CAM, property taxes and insurance		19,805		20,010
Percentage rent and other variable lease costs		2,008		1,637
Total	$	75,231	$	76,328

Schedule of Other Information Related to Leases

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

(In thousands)	2020			2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	38,477		$	45,933
ROU assets obtained in exchange for operating lease liabilities	$	36,290		$	31,474

	As of			As of
	January 30, 2021			February 1, 2020
Weighted-average remaining lease term for operating leases (in years)	6.1			6.1
Weighted-average discount rate for operating leases		5.2	%		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 our operating lease liabilities as of January 30, 2021:

(In thousands)	Operating Leases
2021	$	59,376
2022		53,214
2023		46,899
2024		33,555
2025		22,517
Thereafter to 2034		65,922
Total undiscounted lease payments		281,483
Less: Imputed interest		50,067
Total operating lease liabilities		231,416
Less: Current portion of operating lease liabilities		48,794
Long-term portion of operating lease liabilities	$	182,622