Prepaid Expense and Other Assets

12 Months Ended

Jan. 29, 2022

Prepaid Expense and Other Assets

Prepaid Expense and Other Assets

NOTE 4—PREPAID EXPENSE AND OTHER ASSETS

Prepaid expense and other current assets consist of the following (in thousands):

	JANUARY 29,		JANUARY 30,
	2022		2021
Prepaid expense and other current assets	$	45,386	$	35,689
Capitalized catalog costs		22,194		19,067
Vendor deposits		19,610		12,519
Tenant allowance receivable		15,355		6,390
Promissory notes receivable, including interest (1)		8,401		13,569
Right of return asset for merchandise		6,429		7,453
Acquisition related escrow deposits		3,975		2,650
Total prepaid expense and other current assets	$	121,350	$	97,337

(1) Represents promissory notes, including principal and accrued interest, due from a related party. Refer to Note 8—Equity Method Investments.

Other non-current assets consist of the following (in thousands):

	JANUARY 29,		JANUARY 30,
	2022		2021
Landlord assets under construction—net of tenant allowances	$	204,013	$	135,531
Initial direct costs prior to lease commencement		57,087		36,770
Capitalized cloud computing costs—net (1)		14,910		7,254
Other deposits		6,877		5,287
Deferred financing fees		4,123		1,525
Other non-current assets		11,139		9,835
Acquisition related escrow deposits		—		3,975
Total other non-current assets	$	298,149	$	200,177

(1) Presented net of accumulated amortization of $4.0 million and $0.5 million as of January 29, 2022 and January 30, 2021.