Accrued Expenses and Other Long-Term Liabilities

12 Months Ended

Jan. 29, 2022

Accrued Liabilities And Other Liabilities [Abstract]

Accrued Expenses and Other Long-Term Liabilities

Note 6—Accrued Expenses and Other Long-Term Liabilities

Accrued expenses consisted of the following:

	January 29, 2022		January 30, 2021
	(Dollars in millions)
Accrued taxes	$	23.6	$	23.4
Accrued compensation and payroll taxes		39.7		73.8
Accrued interest		0.6		5.1
Workers’ compensation and general liability insurance		9.9		9.8
Occupancy and rent-related liabilities		2.1		2.6
Customer gift cards		41.4		37.9
Capital expenditures payable		4.7		1.5
Finance lease obligations		9.2		5.6
Other		11.2		11.6
Total accrued expenses	$	142.4	$	171.3

Other long-term liabilities consisted of the following:

	January 29, 2022		January 30, 2021
	(Dollars in millions)
Workers’ compensation and general liability insurance	$	15.8	$	17.4
Finance lease obligations		7.8		7.2
Deferred payroll taxes		—		10.7
Other		12.7		11.0
Total other long-term liabilities	$	36.3	$	46.3

Total discounted insurance liabilities for fiscal 2022 were $25.7 million, reflecting a 0.4 percent discount rate, and for fiscal 2021 were $27.2 million, reflecting a 0.8 percent discount rate. The long-term portion of certain workers’ compensation and general liability accruals are discounted to their net present value based on expected loss payment patterns determined by independent actuaries using actual historical payments.

The following table represents a five year schedule for estimated future long term insurance liabilities:

Fiscal Year-Ended	Liability
	(Dollars in millions)
2024	$	4.9
2025		3.6
2026		2.7
2027		1.6
2028		0.9
Thereafter		2.1
Total long-term workers’ compensation and general liability insurance	$	15.8