Leases (Tables)

12 Months Ended

Jan. 29, 2022

Leases [Abstract]

Summary of Expense Categories and Cash Payments for Operating Leases, Average Remaining Lease Term and Discount Rate

The following table summarizes expense categories and cash payments for operating leases during the period. It also includes the total non-cash transaction activity for new operating lease ROU assets and related operating lease liabilities entered into during the period.

	For the Year Ended
	January 29,			January 30,
(In thousands)	2022			2021
Lease costs
Operating lease costs	$	328,868		$	325,005
Variable lease costs		121,118			98,057
Short-term leases and other lease costs		11,927			11,090
Total lease costs	$	461,913		$	434,152
Other information
Cash paid for operating lease liability	$	(363,468	)	$	(331,543	)
New operating lease ROU assets entered into during the period	$	336,546		$	116,128

The following table contains the average remaining lease term and discount rate, weighted by outstanding operating lease liability as of the end of the period:

Lease term and discount rate	January 29, 2022
Weighted-average remaining lease term - operating leases	5.3 years
Weighted-average discount rate - operating leases	4.7%

Summary of Maturity Analysis of Operating Leases

The table below is a maturity analysis of the operating leases in effect as of the end of the period. Undiscounted cash flows for finance leases and short-term leases are not material for the periods reported and are excluded from the table below:

	Undiscounted cash flows
	January 29, 2022
(In thousands)
Fiscal years:
2022	$	335,219
2023		337,945
2024		252,800
2025		211,885
2026		174,747
Thereafter		340,353
Total undiscounted cash flows	$	1,652,949
Less: discount on lease liability		(187,463	)
Total lease liability	$	1,465,486