Accounts Receivable (Tables)

3 Months Ended

May 02, 2020

Receivables [Abstract]

Schedule of accounts receivable

Accounts receivable is summarized as follows (in thousands):

	May 2, 2020		Feb 1, 2020
Trade	$	220,942	$	309,508
Royalty	14,876		12,775
Other	14,359		13,429
	250,177		335,712
Less allowances1	10,645		8,431
	$	239,532	$	327,281

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Notes:

¹ 

During the first quarter of fiscal 2021, the Company adopted authoritative guidance related to the measurement of credit losses on financial instruments. This guidance replaces the current “as incurred” loss model with an “expected loss” model which requires the recognition of an allowance for credit losses expected to be incurred over an asset’s lifetime. The adoption of this guidance did not have a material impact on the Company’s allowance for doubtful accounts. Refer to Note 1 for further information.