Accounts Receivable

9 Months Ended

Oct. 31, 2020

Accounts receivable is summarized as follows (in thousands):


	Oct 31, 2020		Feb 1, 2020
Trade	$	277,908	$	309,508
Royalty	19,024		12,775
Other	18,073		13,429
	315,005		335,712
Less allowances1	14,573		8,431
	$	300,432	$	327,281

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Notes:

1During 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 “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.

Accounts receivable consists of trade receivables relating primarily to the Company’s wholesale business in Europe and, to a lesser extent, to its wholesale businesses in the Americas and Asia, royalty receivables relating to its licensing operations, credit card and retail concession receivables related to its retail businesses and certain other receivables. Other receivables generally relate to amounts due to the Company that result from activities that are not related to the direct sale of the Company’s products or collection of royalties.