Leases (Tables)
 12 Months Ended
Jan. 28, 2023
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:
202220212020
(in thousands)
Operating lease costs$220,682 $234,911 $272,896 
Variable and short-term lease costs63,516 45,355 60,925 
Total lease costs$284,198 $280,266 $333,821 
Supplemental cash flow information related to leases is as follows:
202220212020
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$253,197 $296,353 $197,824 
Right of use assets obtained in exchange for operating lease liabilities$45,136 $44,952 $44,433 
Balance Sheet Supplemental Disclosures, Lessee
Supplemental balance sheet information related to leases is as follows:
202220212020
Operating leases:
Weighted average remaining lease term (in years)3.84.45.1
Weighted average discount rate6.9 %6.5 %5.4 %
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 28, 2023:
January 28, 2023
(in thousands)
2023$209,072 
2024177,265 
2025132,509 
202678,104 
202745,314 
Thereafter33,809 
Total minimum lease payments676,073 
Less: amount of lease payments representing interest80,619 
Present value of future minimum lease payments595,454 
Less: current obligations under leases189,006 
Long-term lease obligations$406,448