Leases

12 Months Ended

Feb. 02, 2019

10. Leases

The Company leases all store premises, some of its office space and certain information technology and office equipment. The store leases generally have initial terms of 10 years and are classified as operating leases. Most of these store leases provide for base rentals and the payment of a percentage of sales as additional contingent rent when sales exceed specified levels. Additionally, most leases contain construction allowances and/or rent holidays. In recognizing landlord incentives and minimum rent expense, the Company amortizes the items on a straight-line basis over the lease term (including the pre-opening build-out period).

A summary of fixed minimum and contingent rent expense for all operating leases follows:

	For the Years Ended
	February 2,		February 3,		January 28,
(In thousands)	2019		2018		2017
Store rent:
Fixed minimum	$	303,123	$	298,458	$	286,850
Contingent		13,883		9,566		8,519
Total store rent, excluding common area maintenance charges, real estate taxes and certain other expenses	$	317,006	$	308,025	$	295,369
Offices, distribution facilities, equipment and other		18,636		26,960		18,172
Total rent expense	$	335,642	$	334,985	$	313,541

In addition, the Company is typically responsible under its store, office and distribution center leases for tenant occupancy costs, including maintenance costs, common area charges, real estate taxes and certain other expenses.

The table below summarizes future minimum lease obligations, consisting of fixed minimum rent, under operating leases in effect at February 2, 2019:

(In thousands)	Future Minimum
Fiscal years:	Lease Obligations
2019	$	295,754
2020	$	264,572
2021	$	229,995
2022	$	188,921
2023	$	174,576
Thereafter	$	372,056
Total	$	1,525,874