Revenue Recognition

12 Months Ended

Feb. 01, 2020

Revenue Recognition and Deferred Revenue [Abstract]

The following table sets forth our revenue by type of contract (in thousands):


	Year Ended February 1, 2020		Year Ended February 2, 2019
Store sales ⁽¹⁾	$	1,150,625	$	1,179,293
Ecommerce sales⁽¹⁾	44,248		53,137
Licensed department commissions ⁽²⁾	24,385		24,848
Net sales	1,219,258		1,257,278
Credit card revenue ⁽³⁾	8,108		7,561
Breakage revenue ⁽⁴⁾	8,700		7,424
Other	407		469
Other revenue	17,215		15,454
Total revenue	$	1,236,473	$	1,272,732

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⁽¹⁾Store and Ecommerce sales are net of any returns, discounts and percentage-off coupons. During fiscal 2019, there has been a shift in online order fulfillment from vendor and/or our warehouse to our stores. Online orders fulfilled from our stores are included in store sales.

⁽²⁾Licensed department commissions received are net of any returns.

⁽³⁾Credit card revenue earned from Synchrony programs.

⁽⁴⁾Breakage revenue earned on unused gift and merchandise return cards and unused certificates and loyalty reward points.

The following table sets forth the contract liabilities in accrued expenses and other current liabilities and their relationship to revenue (in thousands):


	February 1, 2020		February 2, 2019
Deferred revenue contracts	$	(9,424)	$	(11,017)
Gift card liability	(11,488)		(12,246)
Credit card reward liability	(7,261)		(5,583)
Liability for deferred revenue	$	(28,173)	$	(28,846)

The following table sets forth a rollforward of the amounts included in contract liabilities for the periods presented (in thousands):


	Year Ended February 1, 2020		Year Ended February 2, 2019
Beginning balance	$	28,846	$	29,381
Current period gift cards sold and loyalty reward points earned	39,909		39,402
Net sales from redemptions ⁽¹⁾	(30,289)		(30,918)
Breakage and amortization ⁽²⁾	(10,293)		(9,019)
Ending balance	$	28,173	$	28,846

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⁽¹⁾$7.5 million and $8.3 million in net sales from redemptions were included in the beginning balance of contract liabilities for the 52 weeks ended February 1, 2020 and 52 weeks ended February 2, 2019, respectively.

⁽²⁾$4.3 million and $3.8 million in breakage and amortization were included in the beginning balance of contract liabilities for the 52 weeks ended February 1, 2020 and 52 weeks ended February 2, 2019, respectively.