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Revenue Contracts With Customers
6 Months Ended
Aug. 01, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer Revenue from Contracts with Customers
Revenue Transactions
Revenue from store operations is recognized at the point of sale when control of the product is transferred to the customer at such time. Internet sales, through the Company's fivebelow.com e-commerce website, are recognized when the consumer receives the product as control transfers upon delivery. Returns subsequent to the period end are immaterial; accordingly, no significant reserve has been recorded. Gift card sales to customers are initially recorded as liabilities and recognized as sales upon redemption for merchandise or as breakage revenue in proportion to the pattern of redemption of the gift cards by the customer in net sales.
The transaction price for the Company’s sales is based on the item’s stated price. To the extent that the Company charges customers for shipping and handling on e-commerce sales, the Company records such amounts in net sales. Shipping and handling costs, which include fulfillment and shipping costs related to the Company's e-commerce operations, are included in costs of goods sold. The Company has chosen the pronouncement's policy election which allows it to exclude all sales taxes from net sales in the accompanying consolidated statements of operations.
Disaggregation of Revenue
The following table provides information about disaggregated revenue by groups of products: leisure, fashion and home, and party and snack (in thousands):
Thirteen Weeks EndedThirteen Weeks Ended
August 1, 2020August 3, 2019
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure$206,362 48.4 %$220,703 52.9 %
Fashion and home156,665 36.8 %122,105 29.3 %
Party and snack63,083 14.8 %74,592 17.8 %
Total$426,110 100.0 %$417,400 100.0 %
Twenty-Six Weeks EndedTwenty-Six Weeks Ended
August 1, 2020August 3, 2019
AmountPercentage of Net SalesAmountPercentage of Net Sales
Leisure$302,712 48.3 %$399,023 51.0 %
Fashion and home223,843 35.7 %231,953 29.7 %
Party and snack100,454 16.0 %151,186 19.3 %
Total$627,009 100.0 %$782,162 100.0 %