Leases (Tables)
6 Months Ended
Aug. 03, 2019
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, on the unaudited Consolidated Statements of Income and Comprehensive Income:
 
Twenty-Six Weeks Ended
 
August 3, 2019
 
(in thousands)
Operating lease costs
$
138,006

Variable and short-term lease costs
35,511

Total lease costs
$
173,517

 
Supplemental cash flow information related to leases is as follows:
 
Twenty-Six Weeks Ended
 
August 3, 2019
 
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows for operating leases
$
142,530

Right-of-use assets obtained in exchange for operating lease liabilities
$
8,448

Balance Sheet Supplemental Disclosures
Supplemental balance sheet information related to leases as of August 3, 2019 is as follows:
 
Twenty-Six Weeks Ended
 
August 3, 2019
Operating leases:
 
Weighted average remaining lease term (in years)
6.0
Weighted average discount rate
4.8%
Operating Lease Maturity after Adoption of Topic 842
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 unaudited Consolidated Balance Sheets as of August 3, 2019:
 
August 3, 2019
 
(in thousands)
2019 (remaining)
$
127,562

2020
269,419

2021
236,141

2022
218,047

2023
194,045

Thereafter
395,999

Total minimum lease payments
1,441,213

Less: amount of lease payments representing interest
224,013

Present value of future minimum lease payments
1,217,200

Less: current obligations under leases
223,888

Long-term lease obligations
$
993,312

Operating Lease Maturity before Adoption of Topic 842
As previously disclosed in the Company's Consolidated Financial Statements for the year ending February 2, 2019, future minimum lease payments for noncancelable operating leases, under the previous lease accounting standard, were as follows at February 2, 2019 (in thousands):
2019
$
221,816

2020
189,285

2021
163,748

2022
151,718

2023
135,345

Thereafter
290,790

Total
$
1,152,702