The Michaels Companies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ACCRUED LIABILITIES AND OTHER (Tables)

ACCRUED LIABILITIES AND OTHER (Tables)

12 Months Ended

Jan. 30, 2021

ACCRUED LIABILITIES AND OTHER

Schedule of accrued liabilities

Accrued liabilities and other consists of the following (in thousands):


		January 30,			February 1,
		2021			2020
Accrued payroll		$	121,947		$	49,252
Self-insurance			67,368			67,176
Property, sales and use taxes			80,598			72,245
Gift card liability			75,497			64,130
Accrued occupancy costs			16,232			12,330
Accrued advertising			9,047			9,342
Accrued interest			10,373			3,870
Deferred revenue			24,920			15,492
Cash flow hedges			6,893			13,007
Other			75,783			40,292
		$	488,658		$	347,136