PREPAID EXPENSE AND OTHER ASSETS (Tables)

3 Months Ended

May 04, 2024

PREPAID EXPENSE AND OTHER ASSETS

Schedule of prepaid expense and other current assets

Prepaid expense and other current assets consist of the following:

	MAY 4,		FEBRUARY 3,
	2024		2024
	(in thousands)
Prepaid expenses	$	38,668	$	42,089
Capitalized catalog costs		33,348		27,856
Vendor deposits		19,297		26,409
Tenant allowance receivable		8,717		8,220
Federal and state tax receivable(1)		7,901		20,441
Value added tax (VAT) receivable		7,447		6,532
Right of return asset for merchandise		5,432		5,011
Promissory notes receivable, including interest(2)		3,217		3,292
Other current assets		25,203		29,180
Total prepaid expense and other current assets	$	149,230	$	169,030

(1) Refer to Note 12—Income Taxes.

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

Schedule of other non-current assets

Other non-current assets consist of the following:

	MAY 4,		FEBRUARY 3,
	2024		2024
	(in thousands)
Landlord assets under construction—net of tenant allowances	$	154,302	$	118,897
Initial direct costs prior to lease commencement		72,061		66,333
Capitalized cloud computing costs—net(1)		23,312		22,646
Vendor deposits—non-current		8,554		8,862
Other deposits		7,729		7,913
Deferred financing fees		2,268		2,520
Other non-current assets		13,479		13,551
Total other non-current assets	$	281,705	$	240,722

(1) Presented net of accumulated amortization of $21 million and $19 million as of May 4, 2024 and February 3, 2024, respectively.