Other Current and Deferred Liabilities

12 Months Ended

Jan. 30, 2021

Other Liabilities, Current [Abstract]

Other Current and Deferred Liabilities

OTHER CURRENT AND DEFERRED LIABILITIES:

Other current and deferred liabilities consisted of the following:

	January 30, 2021		February 1, 2020
	(in thousands)
Allowance for customer returns, gift cards and store credits outstanding	$	52,974	$	56,150
Accrued payroll, benefits, bonuses and severance costs and termination benefits	31,848		28,955
Other	35,907		29,393
Other current and deferred liabilities	$	120,729	$	114,498

The Coronavirus Aid, Relief and Economic Security (“CARES”) Act provides for the deferral of the employer-paid portion of social security payroll taxes. We have elected to defer the employer-paid portion of social security payroll taxes through December 31, 2020 of $10.8 million and will remit such amounts due in fiscal 2021 and fiscal 2022. The CARES Act also provides refundable employee retention credits, which can be used to offset payroll tax liabilities. For the year ended January 30, 2021, we recorded a benefit of approximately $7.0 million, which primarily offsets payroll tax expense.