Prepaid Expense and Other Assets

6 Months Ended

Jul. 29, 2023

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:

	JULY 29,		JANUARY 28,
	2023		2023
	(in thousands)
Capitalized catalog costs	$	29,790	$	26,522
Prepaid expenses		25,595		24,352
Vendor deposits		18,940		21,201
Federal and state tax receivable		15,519		12,322
Value added tax (VAT) receivable		10,612		7,465
Tenant allowance receivable		6,041		8,336
Right of return asset for merchandise		5,380		4,983
Promissory notes receivable, including interest(1)		3,081		2,991
Interest income receivable		1,786		4,878
Other current assets		27,087		26,247
Total prepaid expense and other current assets	$	143,831	$	139,297

(1) Represents promissory notes, including principal and accrued interest, due from an affiliate of the managing member of the Aspen LLCs (refer to Note 5—Variable Interest Entities).

Other non-current assets consist of the following:

	JULY 29,		JANUARY 28,
	2023		2023
	(in thousands)
Landlord assets under construction—net of tenant allowances	$	76,951	$	45,511
Initial direct costs prior to lease commencement		66,954		51,249
Capitalized cloud computing costs—net(1)		22,528		21,529
Vendor deposits—non-current		10,055		10,593
Other deposits		7,761		7,143
Deferred financing fees		3,024		3,528
Other non-current assets		11,475		9,654
Total other non-current assets	$	198,748	$	149,207

(1) Presented net of accumulated amortization of $14 million and $11 million as of July 29, 2023 and January 28, 2023, respectively.