XML 86 R32.htm IDEA: XBRL DOCUMENT v3.20.1
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Feb. 01, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II
GUESS?, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Years Ended February 1, 2020, February 2, 2019 and February 3, 2018
(in thousands)

 
Balance at
Beginning
of Period
 
Costs
Charged
to Expenses
 
Deductions and
Write-offs
 
Balance
at End of Period
Description
 
 
 
 
 
 
 
As of February 1, 2020
 
 
 
 
 
 
 
Allowance for doubtful accounts
$
8,540

 
$
3,712

 
$
(3,821
)
 
$
8,431

Allowance for markdowns1
12,121

 
36,979

 
(36,538
)
 
12,562

Allowance for sales returns1
33,217

 
104,801

 
(104,840
)
 
33,178

   Total
$
53,878

 
$
145,492

 
$
(145,199
)
 
$
54,171

As of February 2, 2019
 
 
 
 
 
 
 
Allowance for doubtful accounts
$
13,478

 
$
2,661

 
$
(7,599
)
 
$
8,540

Allowance for markdowns1
10,777

 
56,697

 
(55,353
)
 
12,121

Allowance for sales returns1
27,881

 
62,293

 
(56,957
)
 
33,217

   Total
$
52,136

 
$
121,651

 
$
(119,909
)
 
$
53,878

As of February 3, 2018
 
 
 
 
 
 
 
Allowance for doubtful accounts
$
13,810

 
$
9,447

 
$
(9,779
)
 
$
13,478

Allowance for markdowns1
2,944

 
42,485

 
(34,652
)
 
10,777

Allowance for sales returns1
20,891

 
83,593

 
(76,603
)
 
27,881

   Total
$
37,645

 
$
135,525

 
$
(121,034
)
 
$
52,136

______________________________________________________________________
1 
During the first quarter of fiscal 2019, the Company adopted a new revenue recognition standard on a modified retrospective basis which changed the presentation of allowances for wholesale sales returns and wholesale markdowns to be classified within accrued expenses rather than as a reduction to accounts receivable. During fiscal 2018, these amounts were reported as reductions to accounts receivable. Retail sales returns are reported as accrued expenses.