v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Aug. 01, 2026
Accounting Policies [Abstract]  
Schedule of Allowance for Credit Losses

Our allowance for credit losses is calculated using a loss-rate method based on historical experience, current market conditions and reasonable forecasts.

 

 

13 Weeks Ending

 

 

26 Weeks Ending

 

 

August 1,

 

 

August 2,

 

 

August 1,

 

 

August 2,

 

(In thousands)

2026

 

 

2025

 

 

2026

 

 

2025

 

Beginning balance

$

26,634

 

 

$

19,456

 

 

$

25,532

 

 

$

8,879

 

Amount recorded to expense to increase reserve

 

 

 

 

3,350

 

 

 

1,104

 

 

 

13,927

 

Amount written-off against customer accounts to decrease reserve

 

(52

)

 

 

(1,046

)

 

 

(54

)

 

 

(1,046

)

Ending balance

$

26,582

 

 

$

21,760

 

 

$

26,582

 

 

$

21,760

 

Useful Lives of Major Classes of Assets The useful lives of our major classes of assets are as follows:

 

Buildings

 

25 years

Leasehold improvements

 

Lesser of 10 years or the term of the lease

Fixtures and equipment

Information technology

 

Five years

Three to five years