Leases

12 Months Ended

Jan. 30, 2021

The Company's leases include facility leases and data center leases, which are all classified as operating leases. For data center leases, the Company elected the practical expedient to account for the lease and non-lease component as a single lease component.

Lease expense and supplemental cash flow information are as follows (in thousands):


	Year Ended
	January 30, 2021		February 1, 2020
Operating lease expense	$	47,819	$	49,679
Cash paid for amounts included in the measurement of operating lease liabilities	$	36,849	$	33,161
Right-of-use assets obtained in exchange for lease obligation	$	26,605	$	28,928

The effect of operating lease right-of-use asset amortization of $21.6 million and $20.4 million is included in changes in Other expense, net in the cash provided by operating activities section on the consolidated statements of cash flows for the fiscal year ended January 30, 2021 and February 1, 2020, respectively.

The aggregate future lease payments for operating leases as of January 30, 2021 are as follows (in thousands):


Fiscal Year	Operating Leases		Sublease Income
2022	$	37,108	$	(3,253)
2023	33,015		(3,350)
2024	23,931		(3,451)
2025	15,782		(3,554)
2026	14,765		(3,661)
Thereafter	27,437		(5,703)
Total lease payments	152,038		(22,972)
Less: imputed interest	15,160
Present value of lease liabilities	$	136,878

Average lease terms and discount rates were as follows:


	Year Ended
	January 30, 2021	February 1, 2020
Weighted-average remaining lease term (years)	5.11	5.52
Weighted-average discount rate	3.85%	3.85%

MARVELL TECHNOLOGY GROUP LTD 10-K