v3.19.2
Leases (Tables)
6 Months Ended
Aug. 03, 2019
Leases [Abstract]  
Schedule of Lease Expense and Supplemental Cash Flow Information
Lease expense and supplemental cash flow information are as follows (in thousands):

 
 
Three Months Ended August 3, 2019
 
Six Months Ended August 3, 2019
Operating lease expenses
 
$
13,701

 
$
24,369

Cash paid for amounts included in the measurement of operating lease liabilities
 
$
8,043

 
$
15,287

Right-of-use assets obtained in exchange for lease obligation
 
$
10,107

 
$
11,244


Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases are as follows (in thousands):

 
 
Classification on the Condensed Consolidated Balance Sheet
 
August 3, 2019
Right-of-use assets
 
Other non-current assets
 
$
113,024

 
 
 
 
 
Current portion of lease liabilities
 
Accrued liabilities
 
26,874

Non-current portion of lease liabilities
 
Other non-current liabilities
 
116,379

Total lease liabilities
 
 
 
$
143,253


Maturities of Operating Lease Liabilities
The aggregate future lease payments for operating leases as of August 3, 2019 are as follows (in thousands):

Fiscal Year
 
Operating Leases
Remainder of 2020
 
$
16,801

2021
 
33,157

2022
 
31,029

2023
 
24,304

2024
 
16,138

Thereafter
 
45,991

Total lease payments
 
167,420

Less: imputed interest
 
24,167

Present value of lease liabilities
 
$
143,253


Future Minimum Lease Payments, Net of Estimated Sublease Income Under Previous Accounting Standard
As previously disclosed in our Annual Report on Form 10-K for the year ended February 2, 2019 and under the previous lease accounting standard ASC 840, the aggregate future non-cancelable minimum rental payments on our operating leases, as of February 2, 2019, are as follows (in thousands):

Fiscal Year
 
Operating Leases
2020
 
$
43,286

2021
 
29,866

2022
 
26,612

2023
 
21,272

2024
 
13,690

Thereafter
 
40,100

Total
 
$
174,826







Schedule of Average Lease Terms And Discount Rates
Average lease terms and discount rates were as follows:

 
 
Six Months Ended August 3, 2019
Weighted-average remaining lease term (years)
 
6.04

Weighted-average discount rate
 
3.85
%