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Deferred Revenue and Other Liabilities
 12 Months Ended
Feb. 01, 2020
Deferred Credits and Other Liabilities [Abstract]  
Deferred Revenue and Other Liabilities Deferred Revenue and Other Liabilities
Deferred revenue and other liabilities consist of the following as of the end of the fiscal periods presented (in thousands):
20192018
Current:
  
Deferred gift card revenue
$159,417  $156,457  
Customer loyalty program
32,955  32,367  
Term loan
—  4,523  
Other
33,587  36,900  
Total current deferred revenue and other liabilities
$225,959  $230,247  
Long-term:
  
Deferred construction allowances$—  $505,767  
Deferred rent, including pre-opening rent
—  98,808  
Deferred compensation99,686  77,324  
Term loan
—  51,562  
Other
34,169  33,112  
Total other long-term liabilities
$133,855  $766,573  
Adoption of ASU 2016-02
As discussed in Note 1, the Company adopted ASU 2016-02 and all related amendments on the first day of fiscal 2019. In connection with the adoption, deferred construction allowances, deferred rent and other lease-related balances were reclassified as a component of the operating lease assets.
Term Loan
On August 18, 2017, the Company financed the purchase of a corporate aircraft through a loan with Bank of America Leasing & Capital, LLC (“BOA”) with a fixed interest rate of 3.41% payable in increments of $4.5 million annually through December 2024 and a balloon payment of $29.3 million (the “BOA Loan”) at maturity. In connection with the Company’s sale of the related aircraft in the fourth fiscal quarter of 2019, the BOA Loan was repaid in full without a prepayment penalty.