Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Feb. 01, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives of assets Useful lives are generally estimated as follows:

Years

Buildings

30

Leasehold improvements (1)

10

Fixtures and equipment

8-10

Computer equipment and software

3-7

(1) We amortize leasehold improvements over the lesser of the useful life of the asset or the remaining lease term of the underlying facility.
Schedule of gift card liability

The following table includes activity related to gift cards (in thousands):

    

Fiscal Years

2019

2018

Balance at beginning of period

$

61,071

$

56,729

Issuance of gift cards

76,941

76,854

Revenue recognized (1)

(69,322)

(67,912)

Gift card breakage

(4,560)

(4,600)

Balance at end of period

$

64,130

$

61,071

(1) Revenue recognized from the beginning liability during fiscal 2019 and fiscal 2018 totaled $26.0 million and $23.8 million, respectively.