Revenue Contracts With Customers

9 Months Ended

Oct. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

Revenue from Contracts with Customers

Revenue Transactions

Revenue from store operations is recognized at the point of sale when control of the product is transferred to the customer at such time. Internet sales, through the Company's fivebelow.com e-commerce website, are recognized when the consumer receives the product as control transfers upon delivery. Returns subsequent to the period end are immaterial; accordingly, no significant reserve has been recorded. Gift card sales to customers are initially recorded as liabilities and recognized as sales upon redemption for merchandise or as breakage revenue in proportion to the pattern of redemption of the gift cards by the customer in net sales.

The transaction price for the Company’s sales is based on the item’s stated price. To the extent that the Company charges customers for shipping and handling on e-commerce sales, the Company records such amounts in net sales. Shipping and handling costs, which include fulfillment and shipping costs related to the Company's e-commerce operations, are included in costs of goods sold. The Company has chosen the pronouncement's policy election, which allows it to exclude all sales taxes from net sales in the accompanying consolidated statements of operations.

Disaggregation of Revenue

The following table provides information about disaggregated revenue by groups of products: leisure, fashion and home, and party and snack (in thousands):

	Thirteen Weeks Ended				Thirteen Weeks Ended
	October 31, 2020				November 2, 2019
	Amount		Percentage of Net Sales		Amount		Percentage of Net Sales
Leisure	$	221,970	46.6	%	$	188,627	50.0	%
Fashion and home	176,867		37.1	%	120,636		32.0	%
Party and snack	77,777		16.3	%	68,175		18.0	%
Total	$	476,614	100.0	%	$	377,438	100.0	%
	Thirty-Nine Weeks Ended				Thirty-Nine Weeks Ended
	October 31, 2020				November 2, 2019
	Amount		Percentage of Net Sales		Amount		Percentage of Net Sales
Leisure	$	524,719	47.5	%	$	587,649	50.7	%
Fashion and home	400,679		36.3	%	352,593		30.4	%
Party and snack	178,225		16.2	%	219,358		18.9	%
Total	$	1,103,623	100.0	%	$	1,159,600	100.0	%