Leases (Tables)
 12 Months Ended
Jan. 30, 2021
Leases [Abstract]  
Net Lease Cost and Supplemental Cash Flow Information
The following table is a summary of the Company’s components of net lease cost, which is included in cost of goods sold, buying and occupancy costs, in the Consolidated Statements of Income and Comprehensive Income:

20202019
(in thousands)
Operating lease costs$272,896 $280,166 
Variable and short-term lease costs60,925 65,535 
Total lease costs$333,821 $345,701 
 
Total lease costs for 2018 were $356.8 million.

Supplemental cash flow information related to leases is as follows:

20202019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$197,824 $279,092 
Right-of-use assets obtained in exchange for operating lease liabilities$44,433 $39,851 
Balance Sheet Supplemental Disclosures, Lessee
Supplemental balance sheet information related to leases is as follows:
20202019
Operating leases:
Weighted average remaining lease term (in years)5.15.7
Weighted average discount rate5.4 %4.8 %
Operating Lease Maturity
The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the Consolidated Balance Sheets as of January 30, 2021:
January 30, 2021
(in thousands)
2021$229,299 
2022228,188 
2023200,719 
2024154,197 
2025115,812 
Thereafter132,843 
Total minimum lease payments1,061,058 
Less: amount of lease payments representing interest134,668 
Present value of future minimum lease payments926,390 
Less: current obligations under leases203,441 
Long-term lease obligations$722,949