Prepaid Expense and Other Assets

3 Months Ended

Apr. 30, 2022

Prepaid Expense and Other Assets

Prepaid Expense and Other Assets

NOTE 3—PREPAID EXPENSE AND OTHER ASSETS

Prepaid expense and other current assets consist of the following:

	APRIL 30,		JANUARY 29,
	2022		2022
	(in thousands)
Federal and state tax receivable(1)	$	139,080	$	—
Prepaid expense and other current assets		52,713		45,386
Vendor deposits		24,343		19,610
Capitalized catalog costs		21,859		22,194
Tenant allowance receivable		17,761		15,355
Promissory notes receivable, including interest(2)		9,601		8,401
Right of return asset for merchandise		6,070		6,429
Acquisition related escrow deposits		1,450		3,975
Total prepaid expense and other current assets	$	272,877	$	121,350

(1) Refer to Note 12—Income Taxes.

(2) Represents promissory notes, including principal and accrued interest, due from a related party. Refer to Note 5—Equity Method Investments.

Other non-current assets consist of the following:

	APRIL 30,		JANUARY 29,
	2022		2022
	(in thousands)
Landlord assets under construction—net of tenant allowances	$	115,977	$	204,013
Initial direct costs prior to lease commencement		50,361		57,087
Capitalized cloud computing costs—net(1)		17,991		14,910
Other deposits		6,872		6,877
Deferred financing fees		5,192		4,123
Other non-current assets		12,236		11,139
Total other non-current assets	$	208,629	$	298,149

(1) Presented net of accumulated amortization of $5.4 million and $4.0 million as of April 30, 2022 and January 29, 2022, respectively.