Annual report pursuant to Section 13 and 15(d)

OTHER CURRENT ASSETS, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES AND DEFERRED TAXES AND OTHER LIABILITIES

v3.19.1
OTHER CURRENT ASSETS, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES AND DEFERRED TAXES AND OTHER LIABILITIES
12 Months Ended
Feb. 02, 2019
OTHER CURRENT ASSETS, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES AND DEFERRED TAXES AND OTHER LIABILITIES  
OTHER CURRENT ASSETS, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES AND DEFERRED TAXES AND OTHER LIABILITIES

 

11.  OTHER CURRENT ASSETS, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES AND DEFERRED TAXES AND OTHER LIABILITIES

 

The following table provides details on our other current assets as of February 2, 2019 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

February 2,

 

February 3,

 

 

 

2019

    

2018

 

Prepaid expenses

 

$

56,361

 

$

47,545

 

Tax receivable

 

 

584

 

 

20,368

 

Other

 

 

13,767

 

 

10,339

 

Total other current assets

 

$

70,712

 

$

78,252

 

The following table provides details on our accrued expenses and other current liabilities as of February 2, 2019 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

    

February 2,

    

February 3,

 

 

 

2019

 

2018

 

Accrued salary, bonus, sabbatical, vacation and other benefits

 

$

81,503

 

$

84,767

 

Loyalty program liabilities

 

 

44,434

 

 

9,106

 

Customer deposits, prepayments and refunds payable

 

 

40,620

 

 

59,633

 

Unredeemed gift cards

 

 

32,178

 

 

39,609

 

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

 

 

25,547

 

 

29,409

 

Accrued workers compensation and medical costs

 

 

23,974

 

 

25,244

 

Accrued dividends

 

 

10,480

 

 

11,128

 

Accrued interest

 

 

1,828

 

 

3,281

 

Accrued royalties

 

 

1,286

 

 

5,032

 

Other

 

 

20,179

 

 

18,328

 

Total accrued expenses and other current liabilities

 

$

282,029

 

$

285,537

 

 

The increase in loyalty program liabilities, the decrease in customer deposits, prepayments, and refunds payable and the decrease in unredeemed gift cards was primarily driven by the adoption of ASC 606, effective February 4, 2018.  See Note 7 for additional information.

The following table provides details on our deferred taxes, net and other liabilities as of February 2, 2019 and February 3, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

February 2,

    

February 3,

 

 

 

2019

 

2018

 

Deferred rent and landlord incentives

 

$

57,505

 

$

60,136

 

Deferred and other income tax liabilities, net

 

 

53,479

 

 

95,314

 

Unfavorable lease liabilities

 

 

1,797

 

 

2,910

 

Other

 

 

12,241

 

 

5,831

 

Total deferred taxes, net and other liabilities

 

$

125,022

 

$

164,191