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## Note 8 Leases, Continued 

## Genesco Inc. and Subsidiaries 

Notes to Consolidated Financial Statements 

The following table reconciles the maturities of undiscounted cash flows to our operating lease liabilities recorded on the Consolidated Balance Sheets at February 1, 2020: 

<img src='content_image/1031445.jpg'>

Our weighted-average remaining lease term and weighted-average discount rate for operating leases as of February 1, 2020 are: 

<img src='content_image/1031444.jpg'>

## Prior Period Comparative Disclosures 

Under the optional transition method, for leases that existed prior to and at the adoption of the new standard, we continue to present comparative prior period lease amounts in accordance with ASC 840, "Leases". As of February 2, 2019 future minimum rental commitments were: 

<img src='content_image/1031443.jpg'>

Leasehold improvements are recorded at their gross costs including items reimbursed by landlords. The reimbursements are recorded as deferred rent and amortized as a reduction of rent expense over the initial lease term. Tenant allowances of $22.5 million and deferred rent of $48.6 million at February 2, 2019 are included in other long-term liabilities on the Consolidated Balance Sheets. 

Total rent expense was $202.6 million and $203.1 million for Fiscal 2019 and 2018, respectively. Total contingent rent was not material for Fiscal 2019 and 2018. 

