SUPPLEMENTAL FINANCIAL INFORMATION

Prepaid expenses and other current assets consisted of the following at the periods ended:



(in thousands)	May 2, 2014		May 3, 2013		January 31, 2014
Prepaid advertising costs	$	15,427	$	19,245	$	15,564
Other prepaid expenses	14,236		8,972		6,429
Total prepaid expenses and other current assets	$	29,663	$	28,217	$	21,993

Other current liabilities consisted of the following at the periods ended:



(in thousands)	May 2, 2014		May 3, 2013		January 31, 2014
Deferred gift card revenue	$	28,117	$	25,949	$	28,819
Accrued employee compensation and benefits	17,746		18,708		11,811
Reserve for sales returns and allowances	13,478		13,796		13,805
Deferred revenue	24,402		28,545		15,966
Accrued property, sales and other taxes	12,725		6,314		6,262
Short-term portion of long-term debt	5,150		—		—
Other	7,158		4,714		7,292
Total other current liabilities	$	108,776	$	98,026	$	83,955

Non-cash Transactions

Certain non-cash transactions resulted at the time of the Separation. Such transactions were accounted for as an adjustment to Net parent company investment and did not result in cash flows as follows: (i) a $1.5 million liability related to postretirement benefits was transferred to Sears Holdings Corporation as it assumed administration and funding of the plan after the Separation, and (ii) as described in Note 2 - Income Taxes, upon Separation, certain tax attributes previously included within Net parent company investment were reclassified.