Table of Contents Genesco Inc. and Subsidiaries Notes to Consolidated Financial Statements Operating Leases 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 $23.3 million at February 2, 2019 and February 3, 2018, respectively, and deferred rent of $48.6 million and $44.8 million at February 2, 2019 and February 3, 2018, respectively, are included in deferred rent and other long-term liabilities on the Consolidated Balance Sheets. For leases that contain predetermined fixed escalations of the minimum rentals, the related rental expense is recognized on a straight-line basis and the cumulative expense recognized on the straight-line basis in excess of the cumulative payments is included in deferred rent and other long-term liabilities on the Consolidated Balance Sheets. The Company occasionally receives reimbursements from landlords to be used towards construction of the store the Company intends to lease. The Company leases its office space and all of its retail store locations, certain distribution centers and transportation equipment under various noncancelable operating leases. The leases have varying terms and expire at various dates through 2033. The store leases in the United States, Puerto Rico and Canada typically have initial terms of approximately 10 years. The stores leases in the United Kingdom, the Republic of Ireland and Germany typically have initial terms of between 10 and 15 years. Generally, most of the leases require the Company to pay taxes, insurance, maintenance costs and contingent rentals based on sales. Approximately 2% of the Company’s leases contain renewal options. Rental expense under operating leases of continuing operations was: Minimum rental commitments payable in future years are: In thousands 2019 2018 2017 Minimum rentals $ 192,508 $ 196,392 $ 179,806 Contingent rentals 10,271 6,979 7,459 Sublease rentals (191) (223) (757) Total Rental Expense $ 202,588 $ 203,148 $ 186,508 Fiscal Years In thousands 2020 $ 183,432 2021 171,584 2022 159,155 2023 140,889 2024 119,023 Later years 323,638 Total Minimum Rental Commitments $ 1,097,721 87 Note 7 Commitments Under Long-Term Leases