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Revenue (Tables)
3 Months Ended
Apr. 29, 2022
Revenue From Contract With Customer [Abstract]  
Disaggregated of Revenue by Geographic Location

The Company’s revenue is disaggregated by distribution channel and geographic location. Revenue by distribution channel is presented in Note 11, Segment Reporting. Revenue by geographic location was:

 

 

 

13 Weeks Ended

 

(in thousands)

 

April 29, 2022

 

 

April 30, 2021

 

Net revenue:

 

 

 

 

 

 

 

 

United States

 

$

255,274

 

 

$

260,406

 

Europe

 

 

36,129

 

 

 

46,887

 

Asia

 

 

8,697

 

 

 

10,059

 

Other

 

 

3,565

 

 

 

3,945

 

Total Net revenue

 

$

303,665

 

 

$

321,297

 

Summary of Deferred Revenue The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer, which is reported in Other current liabilities in the Condensed Consolidated Balance Sheets, as well as amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of April 29, 2022 is expected to be recognized in Net revenue in the fiscal quarter ending July 29, 2022, as products are delivered to customers.

 

 

 

13 Weeks Ended

 

(in thousands)

 

April 29, 2022

 

 

April 30, 2021

 

Deferred revenue beginning of period

 

$

8,560

 

 

$

17,187

 

Deferred revenue recognized in period

 

 

(8,346

)

 

 

(16,973

)

Revenue deferred in period

 

 

5,860

 

 

 

25,160

 

Deferred revenue end of period

 

$

6,074

 

 

$

25,374

 

Reconciliation of Gift Card Contract Liability The following table provides the reconciliation of the contract liability related to gift cards:

 

 

 

13 Weeks Ended

 

(in thousands)

 

April 29, 2022

 

 

April 30, 2021

 

Balance as of beginning of period

 

$

33,070

 

 

$

26,798

 

Gift cards sold

 

 

14,628

 

 

 

11,047

 

Gift cards redeemed

 

 

(15,468

)

 

 

(10,265

)

Gift card breakage

 

 

(215

)

 

 

(114

)

Balance as of end of period

 

$

32,015

 

 

$

27,466