Changes in deferred revenue, which primarily relate to customer loyalty programs, gift cards and license agreements for the twenty-six weeks ended July 31, 2022 and August 1, 2021 were as follows:


	Twenty-Six Weeks Ended
(In millions)	7/31/22		8/1/21
Deferred revenue balance at beginning of period	$	44.9	$	55.8

Net additions to deferred revenue during the period	45.4		47.2
Reductions in deferred revenue for revenue recognized during the period (1)	(36.3)		(46.5)
Reclassification of deferred revenue to liabilities related to assets held for sale	—		(1.6)		(2)
Deferred revenue balance at end of period	$	54.0	$	54.9

(1) Represents the amount of revenue recognized during the period that was included in the deferred revenue balance at the beginning of the period and does not contemplate revenue recognized from amounts deferred during the period. The amounts include $4.0 million and $6.0 million of revenue recognized during the thirteen weeks ended July 31, 2022 and August 1, 2021, respectively.

(2) The Company reclassified $1.6 million of deferred revenue to liabilities related to assets held for sale in the Company’s Consolidated Balance Sheet as of August 1, 2021 in connection with the Heritage Brands transaction. Please see Note 4, “Acquisitions and Divestitures,” for further discussion.

The Company also had long-term deferred revenue liabilities included in other liabilities in its Consolidated Balance Sheets of $13.3 million, $15.0 million and $12.5 million as of July 31, 2022, January 30, 2022 and August 1, 2021, respectively.