SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jan. 29, 2022

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 January 29, 2022, January 30, 2021 and February 1, 2020

(in thousands)

	Balance at Beginning of Period		Costs Charged to Expenses		Deductions and Write-offs		Balance at End of Period
Description
As of January 29, 2022
Allowance for doubtful accounts	$	14,200	$	4,670	$	(7,831)	$	11,039
Allowance for markdowns	16,245		21,159		(18,390)		19,014
Allowance for sales returns	27,193		122,672		(111,446)		38,419
Allowance for deferred tax asset valuation	54,131		1,147		—		55,278
Total	$	111,769	$	149,648	$	(137,667)	$	123,750
As of January 30, 2021
Allowance for doubtful accounts	$	8,431	$	6,033	$	(264)	$	14,200
Allowance for markdowns	12,562		25,942		(22,259)		16,245
Allowance for sales returns	33,178		104,560		(110,545)		27,193
Allowance for deferred tax asset valuation	30,760		23,371		—		54,131
Total	$	84,931	$	159,906	$	(133,068)	$	111,769
As of February 1, 2020
Allowance for doubtful accounts	$	8,540	$	3,712	$	(3,821)	$	8,431
Allowance for markdowns	12,121		36,979		(36,538)		12,562
Allowance for sales returns	33,217		104,801		(104,840)		33,178
Allowance for deferred tax asset valuation	32,810		738		(2,788)		30,760
Total	$	86,688	$	146,230	$	(147,987)	$	84,931