Revenue Recognition (Notes)

6 Months Ended

Aug. 03, 2024

Disaggregation of Revenue [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE RECOGNITION

Disaggregation of revenue

All revenues are recognized in net sales in the Condensed Consolidated Statements of Operations and Comprehensive Income. For information regarding the disaggregation of revenue, refer to Note 14, “SEGMENT REPORTING.”

Contract liabilities

The following table details certain contract liabilities representing unearned revenue as of August 3, 2024, February 3, 2024, July 29, 2023 and January 28, 2023:

(in thousands)	August 3, 2024		February 3, 2024		July 29, 2023		January 28, 2023
Gift card liability (1)	$	39,914	$	41,144	$	36,967	$	39,235
Loyalty programs liability	29,535		27,937		23,969		25,640

(1)Includes $14.8 million and $26.4 million of revenue recognized during the twenty-six weeks ended August 3, 2024 and July 29, 2023, respectively, that was included in the gift card liability at the beginning of February 3, 2024 and January 28, 2023, respectively.

The following table details recognized revenue associated with the Company’s gift card program and loyalty programs for the thirteen and twenty-six weeks ended August 3, 2024 and July 29, 2023:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(in thousands)	August 3, 2024		July 29, 2023		August 3, 2024		July 29, 2023
Revenue associated with gift card redemptions and gift card breakage	$	32,831	$	24,426	$	63,492	$	48,650
Revenue associated with reward redemptions and breakage related to the Company’s loyalty programs	14,712		11,636		28,670		23,918