REVENUE Deferred Revenue (Tables)

9 Months Ended

Oct. 30, 2022

Deferred Revenue Disclosure [Text Block]

Changes in deferred revenue, which primarily relate to customer loyalty programs, gift cards and license agreements for the thirty-nine weeks ended October 30, 2022 and October 31, 2021 were as follows:


	Thirty-Nine Weeks Ended
(In millions)	10/30/22		10/31/21
Deferred revenue balance at beginning of period	$	44.9	$	55.8

Net additions to deferred revenue during the period	28.9		30.0
Reductions in deferred revenue for revenue recognized during the period (1)	(39.0)		(48.3)
Reduction in deferred revenue related to the Heritage Brands transaction	—		(1.6)		(2)
Deferred revenue balance at end of period	$	34.8	$	35.9

(1) Represents the amount of revenue recognized during the period that was included in the deferred revenue balance at the beginning of the period and does not contemplate revenue recognized from amounts deferred during the period. The amounts include $2.7 million and $1.8 million of revenue recognized during the thirteen weeks ended October 30, 2022 and October 31, 2021, respectively.

(2) The Company recorded a $1.6 million reduction in deferred revenue in connection with the Heritage Brands transaction. Please see Note 4, “Acquisitions and Divestitures,” for further discussion.

The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $12.5 million, $15.0 million and $12.0 million as of October 30, 2022, January 30, 2022 and October 31, 2021, respectively.