Leases (Tables)

12 Months Ended

Feb. 03, 2024

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.

	Fiscal Years Ending
	February 3,			January 28,
(In thousands)	2024			2023
Lease costs
Operating lease costs	$	335,420		$	368,483
Variable lease costs		121,061			121,604
Short-term leases and other lease costs		45,411			5,357
Total lease costs	$	501,892		$	495,444
Other information
Cash paid for operating lease liability	$	(403,355	)	$	(397,059	)
New operating lease ROU assets entered into during the period	$	153,236		$	254,290

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	February 3, 2024
Weighted-average remaining lease term - operating leases	4.99 years
Weighted-average discount rate - operating leases	4.6%

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
(In thousands)	February 3, 2024
Fiscal years:
2024		304,062
2025		284,736
2026		232,307
2027		180,886
2028		146,568
Thereafter		185,682
Total undiscounted cash flows	$	1,334,241
Less: discount on lease liability		(148,611	)
Total lease liability	$	1,185,630