Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.20.2
REVENUE RECOGNITION (Tables)
6 Months Ended
Aug. 01, 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

26 Weeks Ended

August 1,

August 3,

August 1,

August 3,

2020

2019

2020

2019

Balance at beginning of period

$

59,658

$

55,708

$

64,130

$

61,071

Issuance of gift cards

11,405

13,140

18,310

24,465

Revenue recognized (1)

(11,619)

(13,668)

(22,218)

(29,415)

Gift card breakage

679

584

(99)

(357)

Balance at end of period

$

60,123

$

55,764

$

60,123

$

55,764

(1) Revenue recognized from the beginning liability during the second quarters of fiscal 2020 and fiscal 2019 totaled $6.4 million and $7.5 million, respectively. Revenue recognized from the beginning liability during the first six months of fiscal 2020 and fiscal 2019 totaled $12.4 million and $15.8 million, respectively.