Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.20.1
REVENUE RECOGNITION (Tables)
3 Months Ended
May 02, 2020
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

May 2,

May 4,

2020

2019

Balance at beginning of period

$

64,130

$

61,071

Issuance of gift cards

6,906

11,325

Revenue recognized (1)

(10,600)

(15,747)

Gift card breakage

(778)

(941)

Balance at end of period

$

59,658

$

55,708

(1) Revenue recognized from the beginning liability during the first quarters of fiscal 2020 and fiscal 2019 totaled $7.3 million and $10.7 million, respectively.