Summary of significant accounting policies (Tables)

12 Months Ended

Feb. 01, 2020

Summary of significant accounting policies

Schedule of cash and cash equivalents

	February 1,		February 2,
(In thousands)	2020		2019
Cash	$	212,876	$	351,553
Short-term investments		110,000		—
Receivables from third-party financial institutions for credit card and debit card transactions		69,449		57,698
Cash and cash equivalents	$	392,325	$	409,251

Schedule of estimated useful lives or expected lease term of property and equipment

Equipment and fixtures	1 to 10 years
Leasehold improvements	10 years
Electronic equipment and software	3 to 5 years

Schedule of total advertising costs, exclusive of incentives from vendors and start-up advertising expense

	February 1,		February 2,		February 3,
(In thousands)	2020		2019		2018
Advertising costs	$	317,865	$	294,489	$	259,423
Advertising expense as a percentage of sales		4.3%		4.4%		4.4%

Schedule of the impact to the Company's opening consolidated balance sheet

The impact to the Company’s opening consolidated balance sheet as of February 3, 2019 was as follows:

	As Reported		Effect of Adopting		Balance at
(In thousands)	February 2, 2019		ASC 842		February 3, 2019
Assets					(Unaudited)
Receivables, net	$	136,168	$	(17,468)	$	118,700
Prepaid expenses and other current assets		138,116		(25,260)		112,856
Property and equipment, net		1,226,029		(16,983)		1,209,046
Operating lease assets		—		1,460,866		1,460,866
Liabilities and stockholders’ equity
Accrued liabilities		220,666		(1,460)		219,206
Current operating lease liabilities		—		210,721		210,721
Deferred rent		434,980		(434,980)		—
Non-current operating lease liabilities		—		1,629,249		1,629,249
Retained earnings		1,105,863		(2,375)		1,103,488