Revenue (Tables)
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9 Months Ended |
Nov. 03, 2018 |
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| Revenue |
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| Summary of changes made to the recognition timing or classification of revenues and expenses under ASC 606 |
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Description
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Policy under ASC 605
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Policy under ASC 606
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Credit card
program
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Recognized amounts earned under the private label credit card and co-branded credit card programs as a reduction of cost of sales and selling, general and administrative expenses.
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Recognize amounts earned under private label credit card and co-branded credit card programs within net sales.
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Loyalty program
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Recognized revenue under the incremental cost method at the time of purchase by the guest (when points were earned). Recorded a liability for the cost associated with the future performance obligation to the guest.
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Recognize revenue under the deferred revenue method by deferring the recognition of the portion of revenue related to the earning of loyalty points to a future period when the guest redeems the points or the points expire.
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Gift card breakage
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Recognized gift card breakage (amounts not expected to be redeemed) within selling, general and administrative expenses.
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Recognize gift card breakage in net sales proportionately as other gift card balances are redeemed.
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Sales refund
reserve
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Recognized a sales refund reserve as a net liability within accrued liabilities.
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Recognize a sales refund reserve on a gross basis as a liability within accrued liabilities and a right of return asset within prepaid expense and other current assets.
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E-commerce
revenue
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Recognized revenue based on delivery of merchandise to the guest.
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Recognize revenue upon shipment of merchandise to the guest based on meeting the transfer of control criteria.
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| Schedule of revenue |
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13 Weeks Ended
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39 Weeks Ended
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November 3,
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October 28,
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November 3,
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October 28,
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(Dollars in thousands)
|
2018
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2017
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2018
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2017
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Retail stores
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$
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1,304,816
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83%
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$
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1,155,497
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86%
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$
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3,877,770
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84%
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$
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3,422,849
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87%
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E-commerce
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170,738
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11%
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119,806
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9%
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457,942
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10%
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320,413
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8%
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Salon services
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74,012
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5%
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66,878
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5%
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223,691
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5%
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203,652
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5%
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Other
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10,445
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1%
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-
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0%
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32,496
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1%
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-
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0%
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Total
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$
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1,560,011
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100%
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$
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1,342,181
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100%
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$
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4,591,899
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100%
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$
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3,946,914
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100%
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| Schedule of approximate percentage of net sales attributed to each category |
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13 Weeks Ended
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39 Weeks Ended
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|
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November 3,
|
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October 28,
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November 3,
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October 28,
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(Percentage of net sales)
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2018
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2017
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2018
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2017
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Cosmetics
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53%
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53%
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52%
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53%
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Skincare, Bath & Fragrance
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19%
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19%
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20%
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19%
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Haircare Products & Styling Tools
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19%
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19%
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19%
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19%
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Salon Services
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5%
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5%
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5%
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5%
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Other (nail products, accessories, and other)
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4%
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4%
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4%
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4%
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100%
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100%
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100%
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100%
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| Summary of changes in deferred revenue |
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13 Weeks Ended
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39 Weeks Ended
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November 3, 2018
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November 3, 2018
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Beginning balance
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$
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130,616
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$
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110,103
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Adoption of ASC 606
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-
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38,773
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Additions to contract liabilities
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90,285
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265,120
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Deductions to contract liabilities
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(85,305)
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(278,400)
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Ending balance
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$
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135,596
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$
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135,596
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