Significant Accounting Policies (Tables)

12 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Estimated Useful Lives of Assets

The estimated useful lives of our assets are as follows:

	Estimated useful life
Computer equipment and capitalized software	3 years
Office furniture and equipment	5 years
Buildings	25 years
Leasehold improvements	Shorter of lease term or estimated useful life

Property and equipment, net consisted of the following:

(in thousands)	July 31, 2021		August 1, 2020
Computer equipment	$	7,637	$	5,967
Office furniture and equipment	37,454		26,695
Leasehold improvements	44,118		37,570
Capitalized software	66,656		47,151
Construction in progress	9,254		5,973
Building and land	430		430
Total property and equipment	165,549		123,786
Less: accumulated depreciation and amortization	(78,590)		(53,417)
Property and equipment, net	$	86,959	$	70,369

Summary of Contractual Liabilities and Revenue Recognized

The following table summarizes the balances of contractual liabilities included in other current liabilities, deferred revenue and gift card liability as of the dates indicated:

(in thousands)	July 31, 2021		August 1, 2020
Deferred revenue
Upfront styling fees	$	11,989	$	9,119
Style Pass annual fees	3,474		2,711
Freestyle orders	2,691		$	1,229
Total deferred revenue	$	18,154	$	13,059
Gift card liability	$	9,903	$	8,590
Other current liabilities
Referral credits	$	1,231	$	2,577

The following table summarizes revenue recognized during the twelve months ended July 31, 2021, that was previously included in deferred revenue, gift card liability, and other current liabilities at August 1, 2020:

(in thousands)	Revenue Recognized From Amounts Previously Included in Deferred Balances at August 1, 2020
Upfront styling fees	$	9,110
Style Pass annual fees	2,703
Freestyle orders	947
Gift card liability	2,876
Referral credits	1,906