PREPAID EXPENSE AND OTHER ASSETS (Tables)

9 Months Ended

Nov. 02, 2024

PREPAID EXPENSE AND OTHER ASSETS

Schedule of prepaid expense and other current assets

Prepaid expense and other current assets consist of the following:

	NOVEMBER 2,		FEBRUARY 3,
	2024		2024
	(in thousands)
Prepaid expenses	$	23,878	$	42,089
Capitalized catalog costs		23,258		27,856
Vendor deposits		19,544		26,409
Federal and state tax receivable		19,094		20,441
Tenant allowance receivable		13,111		8,220
Value added tax (VAT) receivable		10,510		6,532
Right of return asset for merchandise		5,880		5,011
Promissory notes receivable, including interest(1)		3,306		3,292
Other current assets		30,601		29,180
Total prepaid expense and other current assets	$	149,182	$	169,030

(1) 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:

	NOVEMBER 2,		FEBRUARY 3,
	2024		2024
	(in thousands)
Landlord assets under construction—net of tenant allowances	$	169,799	$	118,897
Initial direct costs prior to lease commencement		79,954		66,333
Capitalized cloud computing costs—net(1)		25,609		22,646
Other deposits		7,421		7,913
Vendor deposits—non-current		4,261		8,862
Deferred financing fees		1,764		2,520
Other non-current assets		14,921		13,551
Total other non-current assets	$	303,729	$	240,722

(1) Presented net of accumulated amortization of $27 million and $19 million as of November 2, 2024 and February 3, 2024, respectively.