XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
Other Income, Net
9 Months Ended
Oct. 29, 2022
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 EndedFor the Nine Months Ended
October 29, 2022October 30, 2021October 29, 2022October 30, 2021
Gain on sale of fixed assets$5,135 $415 $13,991 $4,259 
Discount fee expense(3,266)(403)(5,682)(1,277)
Miscellaneous income, net605 552 1,547 1,285 
Other income, net$2,474 $564 $9,856 $4,267 

We participate in a vendor payment program sponsored by one of our customers. Eligible accounts receivable from this customer are included in the program and payment is received pursuant to a non-recourse sale to a bank partner. This program effectively reduces the time to collect these receivables as compared to that customer’s standard payment terms. We incur a
discount fee to the bank on the payments received that is reflected as discount fee expense in the table above and is included as an expense component in other income, net, in the condensed consolidated statements of operations.