Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.19.2
REVENUE RECOGNITION (Tables)
6 Months Ended
Aug. 03, 2019
REVENUE RECOGNITION  
Schedule of gift card liability

The gift card liability is included in accrued liabilities and other in the consolidated balance sheets. The following table includes activity related to gift cards (in thousands):

13 Weeks Ended

26 Weeks Ended

August 3,

August 4,

August 3,

August 4,

2019

2018

2019

2018

Balance at beginning of period

$

55,708

$

51,513

$

61,071

$

56,729

Issuance of gift cards

13,140

13,734

24,465

25,278

Revenue recognized (1)

(13,668)

(13,685)

(29,415)

(29,601)

Gift card breakage

584

(1,049)

(357)

(1,893)

Balance at end of period

$

55,764

$

50,513

$

55,764

$

50,513

(1) Revenue recognized from the beginning liability during the second quarters of fiscal 2019 and fiscal 2018 totaled $7.5 million and $7.6 million, respectively. Revenue recognized from the beginning liability during the first six months of fiscal 2019 and fiscal 2018 totaled $15.8 million and $16.0 million, respectively.