Quarterly report pursuant to Section 13 or 15(d)

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

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Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes and Other Liabilities
6 Months Ended
Aug. 01, 2015
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

 

8.  Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes and Other Liabilities

 

Other current assets consist of the following (in thousands):

 

 

August 1,
2015

 

August 2,
2014

 

January 31,
2015

 

 

 

 

 

 

 

 

 

Tax receivable

 

$

68,852 

 

$

22,952 

 

$

87,916 

 

Prepaid expenses

 

45,057 

 

49,362 

 

39,375 

 

Current deferred tax assets

 

25,544 

 

11,172 

 

23,777 

 

Other

 

13,897 

 

16,258 

 

18,741 

 

 

 

 

 

 

 

 

 

Total other current assets

 

$

153,350 

 

$

99,744 

 

$

169,809 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities consist of the following (in thousands):

 

 

August 1,
2015

 

August 2,
2014

 

January 31,
2015

 

Accrued salary, bonus, sabbatical, vacation and other benefits

 

$

70,795 

 

$

70,328 

 

$

83,515 

 

Customer deposits, prepayments and refunds payable

 

45,752 

 

43,902 

 

24,540 

 

Unredeemed gift certificates

 

35,488 

 

33,732 

 

39,563 

 

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

 

31,397 

 

27,920 

 

28,765 

 

Accrued workers compensation and medical costs

 

25,646 

 

24,562 

 

28,814 

 

Accrued interest

 

17,205 

 

5,269 

 

15,715 

 

Cash dividends declared

 

8,913 

 

8,803 

 

8,987 

 

Loyalty program reward certificates

 

7,508 

 

7,179 

 

6,889 

 

Accrued royalties

 

6,794 

 

7,436 

 

2,825 

 

Accrued strategic professional fees

 

1,400 

 

16,181 

 

7,566 

 

Other

 

17,478 

 

28,662 

 

21,756 

 

 

 

 

 

 

 

 

 

Total accrued expenses and other current liabilities

 

$

268,376 

 

$

273,974 

 

$

268,935 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred taxes and other liabilities consist of the following (in thousands):

 

 

August 1,
2015

 

August 2,
2014

 

January 31,
2015

 

Non-current deferred and other income tax liabilities

 

$

312,664 

 

$

316,844 

 

$

328,271 

 

Deferred rent and landlord incentives

 

63,431 

 

56,474 

 

61,475 

 

Unfavorable lease liabilities

 

10,046 

 

13,892 

 

12,040 

 

Other

 

7,487 

 

6,203 

 

7,540 

 

 

 

 

 

 

 

 

 

Total deferred taxes and other liabilities

 

$

393,628 

 

$

393,413 

 

$

409,326