INVENTORIES

Inventories consisted of:



(in thousands)	February 2, 2019			February 3, 2018
Inventories at original cost	$	458,860		$	446,559
Less: Lower of cost and net realizable value adjustment	(13,951		)	(13,362		)
Less: Shrink estimate	(7,030		)	(8,804		)
Inventories	$	437,879		$	424,393

Inventories included inventory in transit from vendors of $89.3 million and $80.2 million at February 2, 2019 and February 3, 2018, respectively. Inventory in transit is merchandise owned by the Company that has not yet been received at a Company distribution center.

Refer to Note 2, “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Inventories,” for discussion regarding significant accounting policies related to the Company’s inventories.