Ulta Beauty, Inc. Annual report pursuant to Section 13 and 15(d)

Accrued Liabilities

12 Months Ended

Jan. 28, 2012

5. Accrued liabilities

Accrued liabilities consist of the following:


	January 28, 2012		January 29, 2011
Accrued vendor liabilities (including accrued property and equipment costs)	$	10,868	$	12,994
Accrued customer liabilities		17,978		16,543
Accrued payroll, bonus and employee benefits		24,449		25,221
Accrued taxes, other		7,619		8,843
Other accrued liabilities		13,497		12,663

Accrued liabilities	$	74,411	$	76,264