Revenue Recognition (Notes)

3 Months Ended

May 04, 2024

Disaggregation of Revenue [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE RECOGNITION

Disaggregation of revenue

All revenues are recognized in net sales in the Condensed Consolidated Statements of Operations and Comprehensive Income. For information regarding the disaggregation of revenue, refer to Note 14, “SEGMENT REPORTING.”

Contract liabilities

The following table details certain contract liabilities representing unearned revenue as of May 4, 2024, February 3, 2024, April 29, 2023 and January 28, 2023:

(in thousands)	May 4, 2024		February 3, 2024		April 29, 2023		January 28, 2023
Gift card liability (1)	$	40,291	$	41,144	$	37,630	$	39,235
Loyalty programs liability	27,546		27,937		23,552		25,640

(1)Includes $9.9 million and $13.4 million of revenue recognized during the thirteen weeks ended May 4, 2024 and April 29, 2023, respectively, that was included in the gift card liability at the beginning of February 3, 2024 and January 28, 2023, respectively.

The following table details recognized revenue associated with the Company’s gift card program and loyalty programs for the thirteen weeks ended May 4, 2024 and April 29, 2023:

	Thirteen Weeks Ended
(in thousands)	May 4, 2024		April 29, 2023
Revenue associated with gift card redemptions and gift card breakage	$	30,661	$	24,224
Revenue associated with reward redemptions and breakage related to the Company’s loyalty programs	13,958		12,282