CUSTOMER LOYALTY CARD PROGRAMS

We offer our customers various loyalty card programs. Customers that join these programs are entitled to various benefits, including discounts on purchases, during the membership period. Customers join some of these programs by paying an annual membership fee. For these programs we recognize revenue as a component of net sales over the life of the membership period based on when the customer earns the benefits and when the fee is no longer refundable. We recognize costs we incur in connection with administering these programs as selling, general, and administrative expenses when incurred. Our loyalty card programs are more fully described in “Item 8. Financial Statements and Supplementary Data; NOTE 8. CUSTOMER LOYALTY CARD PROGRAMS” of our Annual Report on Form 10-K for the fiscal year ended January 28, 2012.

Additional information with respect to our various loyalty card programs is as follows:



	Thirteen Weeks Ended
(In thousands)	April 28, 2012		April 30, 2011
Loyalty card revenues recognized	$	4,455	$	4,575



	Accrued as of
(In thousands)	April 28, 2012		January 28, 2012
Discounts earned but not yet issued and discounts issued but not yet redeemed	$	2,769	$	2,618