PREPAID EXPENSE AND OTHER ASSETS

3 Months Ended

May 02, 2026

PREPAID EXPENSE AND OTHER ASSETS

PREPAID EXPENSE AND OTHER ASSETS

NOTE 3—PREPAID EXPENSE AND OTHER ASSETS

Prepaid expense and other current assets consisted of the following:


		MAY 2,			JANUARY 31,
		2026			2026

		(in thousands)
Value added tax (VAT) receivable		$	49,227		$	39,169
Prepaid expenses			33,740			30,355
Vendor deposits			21,672			26,230
Capitalized catalog costs			19,648			23,274
Federal and state tax receivable			17,297			11,528
Current portion of capitalized cloud computing costs			12,214			11,344
Right of return asset for merchandise			6,096			6,423
Tenant allowance receivable			5,811			5,633
Promissory note receivable, including interest⁽¹⁾			1,173			1,164
Other current assets			28,327			29,354
Total prepaid expense and other current assets		$	195,205		$	184,474

(1)	Represents a promissory note, including principal and accrued interest, due from an affiliate of the managing member of the Aspen LLCs. Refer to Note 5—Variable Interest Entities.

Other non-current assets consisted of the following:


		MAY 2,			JANUARY 31,
		2026			2026

		(in thousands)
Landlord assets under construction—net of tenant allowances		$	163,896		$	156,252
Initial direct costs prior to lease commencement			70,093			81,066
Capitalized cloud computing costs—net⁽¹⁾			32,496			31,224
Other deposits			9,568			12,234
Vendor deposits—non-current			3,695			3,336
Deferred financing fees			3,040			3,377
Other non-current assets			14,466			14,344
Total other non-current assets		$	297,254		$	301,833

(1)	Presented net of accumulated amortization of $47 million and $43 million as of May 2, 2026 and January 31, 2026, respectively.