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Revenue (Tables)
6 Months Ended
Jul. 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 12, Segment Reporting. Revenue by geographic location was:

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(in thousands)

 

July 29, 2022

 

 

July 30, 2021

 

 

July 29, 2022

 

 

July 30, 2021

 

Net revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

310,151

 

 

$

330,890

 

 

$

565,425

 

 

$

591,296

 

Europe

 

 

29,311

 

 

 

38,019

 

 

 

65,440

 

 

 

84,906

 

Asia

 

 

7,742

 

 

 

10,490

 

 

 

16,439

 

 

 

20,549

 

Other

 

 

3,974

 

 

 

4,710

 

 

 

7,539

 

 

 

8,655

 

Total Net revenue

 

$

351,178

 

 

$

384,109

 

 

$

654,843

 

 

$

705,406

 

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 July 29, 2022 is expected to be recognized in Net revenue in the fiscal quarter ending October 28, 2022, as products are delivered to customers.

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(in thousands)

 

July 29, 2022

 

 

July 30, 2021

 

 

July 29, 2022

 

 

July 30, 2021

 

Deferred revenue beginning of period

 

$

6,074

 

 

$

25,374

 

 

$

8,560

 

 

$

17,187

 

Deferred revenue recognized in period

 

 

(5,860

)

 

 

(25,160

)

 

 

(8,346

)

 

 

(16,973

)

Revenue deferred in period

 

 

9,543

 

 

 

18,141

 

 

 

9,543

 

 

 

18,141

 

Deferred revenue end of period

 

$

9,757

 

 

$

18,355

 

 

$

9,757

 

 

$

18,355

 

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

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(in thousands)

 

July 29, 2022

 

 

July 30, 2021

 

 

July 29, 2022

 

 

July 30, 2021

 

Balance as of beginning of period

 

$

32,015

 

 

$

27,466

 

 

$

33,070

 

 

$

26,798

 

Gift cards sold

 

 

17,042

 

 

 

13,949

 

 

 

31,670

 

 

 

24,996

 

Gift cards redeemed

 

 

(17,245

)

 

 

(12,963

)

 

 

(32,713

)

 

 

(23,228

)

Gift card breakage

 

 

(368

)

 

 

(111

)

 

 

(583

)

 

 

(225

)

Balance as of end of period

 

$

31,444

 

 

$

28,341

 

 

$

31,444

 

 

$

28,341