Accounts Payable, Accrued Expenses and Other Current Liabilities |
NOTE 7—ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accounts payable and accrued expenses consist of the following (in thousands): | | | | | | | | | February 1, | | February 2, | | | 2020 | | 2019 | Accounts payable | | $ | 180,714 | | $ | 183,039 | Accrued compensation | | | 64,659 | | | 64,192 | Accrued freight and duty | | | 25,170 | | | 20,787 | Accrued sales taxes | | | 19,618 | | | 18,354 | Accrued occupancy | | | 12,067 | | | 10,839 | Accrued catalog costs | | | 8,267 | | | 10,276 | Accrued professional fees | | | 4,381 | | | 2,050 | Other accrued expenses | | | 15,433 | | | 10,960 | Total accounts payable and accrued expenses | | $ | 330,309 | | $ | 320,497 |
Other current liabilities consist of the following (in thousands): | | | | | | | | | February 1, | | February 2, | | | 2020 | | 2019 | Promissory notes on asset under construction | | $ | 53,000 | | $ | — | Current portion of debt | | | 22,009 | | | 892 | Allowance for sales returns | | | 19,206 | | | 19,821 | Unredeemed gift card and merchandise credit liability | | | 16,625 | | | 17,192 | Federal and state taxes payable | | | 13,591 | | | 719 | Finance lease liabilities | | | 9,188 | | | 9,184 | Product recall reserve | | | 2,055 | | | 7,767 | Other current liabilities | | | 5,040 | | | 3,881 | Provision for legal settlement (1) | | | — | | | 50,000 | Total other current liabilities | | $ | 140,714 | | $ | 109,456 |
(1) | Refer to Note 18—Commitments and Contingencies. |
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