Quarterly report pursuant to Section 13 or 15(d)

Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities

v3.10.0.1
Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities
6 Months Ended
Aug. 04, 2018
Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities  
Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities

10.  Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities 

 

The following table provides details on our other current assets as of August 4, 2018,  July 29, 2017 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 4,

 

July 29,

 

February 3,

 

 

    

2018

    

2017

    

2018

 

Prepaid expenses

 

$

57,197

 

$

45,718

 

$

47,545

 

Tax receivable

 

 

17,401

 

 

2,428

 

 

20,368

 

Other

 

 

12,893

 

 

7,286

 

 

10,339

 

Total other current assets

 

$

87,491

 

$

55,432

 

$

78,252

 

 

The following table provides details on our accrued expenses and other current liabilities as of August 4, 2018,  July 29, 2017 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

August 4,

    

July 29,

    

February 3,

 

 

 

2018

 

2017

 

2018

 

Accrued salary, bonus, sabbatical, vacation and other benefits

 

$

69,839

 

$

61,431

 

$

84,767

 

Customer deposits, prepayments and refunds payable

 

 

66,261

 

 

54,043

 

 

59,633

 

Loyalty program liabilities

 

 

63,295

 

 

9,226

 

 

9,106

 

Unredeemed gift cards

 

 

28,152

 

 

36,245

 

 

39,609

 

Accrued workers compensation and medical costs

 

 

26,146

 

 

27,009

 

 

25,244

 

Sales, value added, payroll, property and other taxes payable

 

 

24,197

 

 

33,472

 

 

29,409

 

Accrued dividends

 

 

10,918

 

 

10,456

 

 

11,128

 

Accrued interest

 

 

2,379

 

 

12,477

 

 

3,281

 

Accrued royalties

 

 

1,398

 

 

4,515

 

 

5,032

 

Lease termination and other store closure costs

 

 

132

 

 

3,135

 

 

427

 

Other

 

 

20,602

 

 

24,607

 

 

17,901

 

Total accrued expenses and other current liabilities

 

$

313,319

 

$

276,616

 

$

285,537

 

 

The increase in loyalty program liabilities and the decrease in unredeemed gift cards is primarily driven by the adoption of ASC 606, effective February 4, 2018.  Please see Note 6 for additional information.

 

The following table provides details on our deferred taxes, net and other liabilities as of August 4, 2018,  July 29, 2017 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 4,

    

July 29,

 

February 3,

 

 

    

2018

    

2017

    

2018

 

Deferred and other income tax liabilities, net

 

$

80,413

 

$

90,957

 

$

95,314

 

Deferred rent and landlord incentives

 

 

58,801

 

 

60,467

 

 

60,136

 

Unfavorable lease liabilities

 

 

2,357

 

 

3,760

 

 

2,910

 

Other

 

 

4,913

 

 

7,129

 

 

5,831

 

Total deferred taxes, net and other liabilities

 

$

146,484

 

$

162,313

 

$

164,191