Prepaid Expense and Other Assets |
NOTE 3—PREPAID EXPENSE AND OTHER ASSETS Prepaid expense and other current assets consist of the following: | | | | | | | | | APRIL 30, | | JANUARY 29, | | | 2022 | | 2022 | | | | (in thousands) | Federal and state tax receivable(1) | | $ | 139,080 | | $ | — | Prepaid expense and other current assets | | | 52,713 | | | 45,386 | Vendor deposits | | | 24,343 | | | 19,610 | Capitalized catalog costs | | | 21,859 | | | 22,194 | Tenant allowance receivable | | | 17,761 | | | 15,355 | Promissory notes receivable, including interest(2) | | | 9,601 | | | 8,401 | Right of return asset for merchandise | | | 6,070 | | | 6,429 | Acquisition related escrow deposits | | | 1,450 | | | 3,975 | Total prepaid expense and other current assets | | $ | 272,877 | | $ | 121,350 |
(1) | Refer to Note 12—Income Taxes. |
(2) | Represents promissory notes, including principal and accrued interest, due from a related party. Refer to Note 5—Equity Method Investments. |
Other non-current assets consist of the following: | | | | | | | | | APRIL 30, | | JANUARY 29, | | | 2022 | | 2022 | | | | (in thousands) | Landlord assets under construction—net of tenant allowances | | $ | 115,977 | | $ | 204,013 | Initial direct costs prior to lease commencement | | | 50,361 | | | 57,087 | Capitalized cloud computing costs—net(1) | | | 17,991 | | | 14,910 | Other deposits | | | 6,872 | | | 6,877 | Deferred financing fees | | | 5,192 | | | 4,123 | Other non-current assets | | | 12,236 | | | 11,139 | Total other non-current assets | | $ | 208,629 | | $ | 298,149 |
(1) | Presented net of accumulated amortization of $5.4 million and $4.0 million as of April 30, 2022 and January 29, 2022, respectively. |
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