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
9 Months Ended
Nov. 03, 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 November 3, 2018,  October 28, 2017 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

November 3,

 

October 28,

 

February 3,

 

 

    

2018

    

2017

    

2018

 

Prepaid expenses

 

$

56,030

 

$

44,473

 

$

47,545

 

Tax receivable

 

 

965

 

 

506

 

 

20,368

 

Other

 

 

13,438

 

 

8,587

 

 

10,339

 

Total other current assets

 

$

 70,433

 

$

53,566

 

$

78,252

 

 

The following table provides details on our accrued expenses and other current liabilities as of November 3, 2018,  October 28, 2017 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

November 3,

    

October 28,

    

February 3,

 

 

 

2018

 

2017

 

2018

 

Accrued salary, bonus, sabbatical, vacation and other benefits

 

$

70,378

 

$

79,753

 

$

84,767

 

Loyalty program liabilities

 

 

64,944

 

 

11,199

 

 

9,106

 

Customer deposits, prepayments and refunds payable

 

 

44,792

 

 

37,822

 

 

59,633

 

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

 

 

30,233

 

 

30,220

 

 

29,409

 

Unredeemed gift cards

 

 

26,279

 

 

34,552

 

 

39,609

 

Accrued workers compensation and medical costs

 

 

25,675

 

 

27,860

 

 

25,244

 

Accrued dividends

 

 

10,320

 

 

10,789

 

 

11,128

 

Accrued interest

 

 

6,055

 

 

19,550

 

 

3,281

 

Accrued royalties

 

 

3,287

 

 

6,020

 

 

5,032

 

Lease termination and other store closure costs

 

 

480

 

 

1,027

 

 

427

 

Other

 

 

19,879

 

 

22,741

 

 

17,901

 

Total accrued expenses and other current liabilities

 

$

302,322

 

$

281,533

 

$

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 November 3, 2018,  October 28, 2017 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

November 3,

    

October 28,

 

February 3,

 

 

    

2018

    

2017

    

2018

 

Deferred and other income tax liabilities, net

 

$

83,179

 

$

91,760

 

$

95,314

 

Deferred rent and landlord incentives

 

 

58,458

 

 

60,040

 

 

60,136

 

Unfavorable lease liabilities

 

 

2,085

 

 

3,279

 

 

2,910

 

Other

 

 

4,868

 

 

5,118

 

 

5,831

 

Total deferred taxes, net and other liabilities

 

$

148,590

 

$

160,197

 

$

164,191