Property and Equipment, net

3 Months Ended

Apr. 30, 2023

Property, Plant and Equipment [Abstract]

The following is a summary of property and equipment, net (in thousands):


	As of
	April 30, 2023		January 29, 2023
Furniture, fixtures and equipment	$	164,351	$	162,296
Computer equipment	67,324		67,535
Internal-use software	147,230		138,123
Leasehold improvements	247,700		245,700
Construction in progress	102,210		93,534
	728,815		707,188
Less: accumulated depreciation and amortization	254,051		228,450
Property and equipment, net	$	474,764	$	478,738

Internal-use software includes labor and license costs associated with software development for internal use. As of April 30, 2023 and January 29, 2023, the Company had accumulated amortization related to internal-use software of $63.1 million and $56.5 million, respectively.

Construction in progress is stated at cost, which includes the cost of construction and other directly attributable costs. No provision for depreciation is made on construction in progress until the relevant assets are completed and put into use.

For the thirteen weeks ended April 30, 2023 and May 1, 2022, the Company recorded depreciation expense on property and equipment of $21.3 million and $12.1 million, respectively, and amortization expense related to internal-use software costs of $6.6 million and $4.4 million, respectively. The aforementioned depreciation and amortization expenses were included within selling, general and administrative expenses in the condensed consolidated statements of operations.