Other Income, Net

3 Months Ended

Apr. 28, 2018

Other Income and Expenses [Abstract]

Other Income, Net

Other Income, Net

The components of other income, net, were as follows (dollars in thousands):

	For the Three Months Ended
	April 28, 2018			April 29, 2017
Gain on sale of fixed assets	$	8,415		$	5,048
Miscellaneous (expense), net	(704		)	(255		)
Total other income, net	$	7,711		$	4,793

The Company participates in a customer-sponsored vendor payment program. All eligible accounts receivable from this customer are included in the program and payment is received pursuant to a non-recourse sale to the customer’s bank partner. This program effectively reduces the time to collect these receivables as compared to that customer’s standard payment terms. The Company incurs a discount fee to the bank on the payments received that is reflected as an expense component in other income, net, in the condensed consolidated statements of operations. During each of the three months endedApril 28, 2018 and April 29, 2017, miscellaneous expense, net includes approximately $0.9 million of discount fee expense incurred in connection with the non-recourse sale of accounts receivable under this program. The program has not changed since its inception during fiscal 2016.