Noncurrent Deferred Liabilities

12 Months Ended

Feb. 03, 2018

Deferred Credits and Other Liabilities [Abstract]

Noncurrent Deferred Liabilities

NONCURRENT DEFERRED LIABILITIES:

Deferred liabilities consisted of the following:

	February 3, 2018			January 28, 2017
	(in thousands)
Deferred rent	$	50,529		$	51,909
Deferred lease credits, net	63,932			80,217
Other deferred liabilities	7,979			8,868
Deferred liabilities	122,440			140,994
Less current portion of deferred rent and lease credits	(19,158		)	(22,451		)
Noncurrent deferred liabilities	$	103,282		$	118,543

Deferred rent represents the difference between operating lease obligations currently due and operating lease expense, which is recorded on a straight-line basis over the appropriate respective terms of the leases.

Deferred lease credits represent construction allowances received from landlords and are amortized as a reduction of rent expense over the appropriate respective terms of the related leases.