Revenue Recognition

12 Months Ended

Feb. 02, 2019

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION:

Disaggregated Revenue

The following table disaggregates our operating segment revenue by brand, which we believe provides a meaningful depiction of the nature of our revenue. Amounts shown include licensing and wholesale income, which is not a significant component of total revenue, and is aggregated within the respective brands in the table below.



	Fiscal 2018		%		Fiscal 2017		%		Fiscal 2016		%

	(in thousands)
Chico’s	$	1,098,707	51.6	%	$	1,187,603	52.0	%	$	1,285,830	51.9	%
WHBM	694,804		32.6		750,912		32.9		846,035		34.2
Soma	337,629		15.8		343,864		15.1		344,545		13.9
Total net sales	$	2,131,140	100.0	%	$	2,282,379	100.0	%	$	2,476,410	100.0	%

Accounting Policies

Beginning in fiscal 2018, the Company recognizes revenue pursuant ASC 606 as established by ASU 2014-09, Revenue from Contracts with Customers: Topic 606. See Note 1 for the Company's policy over revenue recognition.

Contract Liability

Contract liabilities on the condensed consolidated balance sheets were comprised of obligations associated with our gift card and customer loyalty programs. As of February 2, 2019 and February 3, 2018, contract liabilities primarily consisted of gift cards of $42.6 million and $43.6 million, respectively. For fiscal 2018, the Company recognized $28.7 million of revenue that was previously included in the gift card contract liability as of February 3, 2018. The contract liability for our loyalty program was not material as of February 2, 2019 or February 3, 2018.

Performance Obligation

For fiscal 2018, revenue recognized from performance obligations related to prior periods was not material. Revenue to be recognized in future periods related to performance obligations is not expected to be material.