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Revenue (Tables)
9 Months Ended
Oct. 28, 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 13, Segment Reporting. Revenue by geographic location was:

 

 

 

13 Weeks Ended

 

 

39 Weeks Ended

 

(in thousands)

 

October 28, 2022

 

 

October 29, 2021

 

 

October 28, 2022

 

 

October 29, 2021

 

Net revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

327,780

 

 

$

322,773

 

 

$

893,205

 

 

$

914,069

 

Europe

 

 

28,946

 

 

 

39,277

 

 

 

94,386

 

 

 

124,183

 

Asia

 

 

9,620

 

 

 

8,663

 

 

 

26,059

 

 

 

29,212

 

Other

 

 

4,637

 

 

 

5,130

 

 

 

12,176

 

 

 

13,785

 

Total Net revenue

 

$

370,983

 

 

$

375,843

 

 

$

1,025,826

 

 

$

1,081,249

 

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 October 28, 2022 is expected to be recognized in Net revenue in the fiscal quarter ending January 27, 2023, as products are delivered to customers.

 

 

 

13 Weeks Ended

 

 

39 Weeks Ended

 

(in thousands)

 

October 28, 2022

 

 

October 29, 2021

 

 

October 28, 2022

 

 

October 29, 2021

 

Deferred revenue beginning of period

 

$

9,757

 

 

$

18,355

 

 

$

8,560

 

 

$

17,187

 

Deferred revenue recognized in period

 

 

(9,543

)

 

 

(18,141

)

 

 

(8,346

)

 

 

(16,973

)

Revenue deferred in period

 

 

13,198

 

 

 

14,323

 

 

 

13,198

 

 

 

14,323

 

Deferred revenue end of period

 

$

13,412

 

 

$

14,537

 

 

$

13,412

 

 

$

14,537

 

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

 

 

 

13 Weeks Ended

 

 

39 Weeks Ended

 

(in thousands)

 

October 28, 2022

 

 

October 29, 2021

 

 

October 28, 2022

 

 

October 29, 2021

 

Balance as of beginning of period

 

$

31,444

 

 

$

28,341

 

 

$

33,070

 

 

$

26,798

 

Gift cards issued

 

 

15,075

 

 

 

13,196

 

 

 

46,745

 

 

 

33,377

 

Gift cards redeemed

 

 

(15,033

)

 

 

(10,934

)

 

 

(47,746

)

 

 

(29,334

)

Gift card breakage

 

 

(466

)

 

 

(130

)

 

 

(1,049

)

 

 

(368

)

Balance as of end of period

 

$

31,020

 

 

$

30,473

 

 

$

31,020

 

 

$

30,473