Other Long-Term Liabilities

12 Months Ended

Feb. 01, 2014

Other Liabilities Disclosure [Abstract]

Other Long-Term Liabilities

NOTE 8—OTHER LONG-TERM LIABILITIES

Other long-term liabilities consist of the following (in thousands):

	February 1, 2014		February 2, 2013
Financing obligations under build-to-suit transactions	$	33,165	$	—
Long-term notes payable for share repurchases		2,710		—
Unrecognized tax benefits		1,739		2,311
Other long-term liabilities		1,617		2,982
Total other long-term liabilities	$	39,231	$	5,293

Financing obligations under build-to-suit transactions relate to lease agreements where the Company is considered the owner, for accounting purposes, during the construction period. For these lease agreements, the Company capitalizes assets, which are included in property and equipment on the consolidated balance sheets, and records a corresponding long-term liability. For buildings under build-to-suit lease arrangements where the Company has taken occupancy and which do not qualify for sales recognition under the sale-leaseback accounting guidance, the Company has determined that it continues to be deemed the owner of these buildings. This is principally due to the Company’s significant investment in tenant improvements.