Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.10.0.1
REVENUE RECOGNITION (Tables)
9 Months Ended
Nov. 03, 2018
REVENUE RECOGNITION  
Schedule of gift card liability

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 Weeks Ended

 

39 Weeks Ended

 

 

November 3,

 

October 28,

 

November 3,

 

October 28,

 

 

2018

 

2017

 

2018

 

2017

Balance at beginning of period

 

$

50,513

 

$

44,185

 

$

56,729

 

$

49,869

Issuance of gift cards

 

 

12,077

 

 

11,582

 

 

36,873

 

 

36,536

Revenue recognized (1)

 

 

(12,403)

 

 

(11,678)

 

 

(41,541)

 

 

(41,190)

Gift card breakage

 

 

(749)

 

 

(454)

 

 

(2,623)

 

 

(1,580)

Balance at end of period

 

$

49,438

 

$

43,635

 

$

49,438

 

$

43,635


(1)

Revenue recognized from the beginning liability during the third quarters of fiscal 2018 and fiscal 2017 totaled $7.1 million. Revenue recognized from the beginning liability during the first nine months of fiscal 2018 and fiscal 2017 totaled $19.9 million and $19.4 million, respectively.