Schedule II-Valuation and Qualifying Accounts and Reserves

12 Months Ended

Feb. 01, 2020

Valuation And Qualifying Accounts [Abstract]

Schedule II-Valuation and Qualifying Accounts and Reserves

BURLINGTON STORES, INC.

Schedule II—Valuation and Qualifying Accounts and Reserves

(All amounts in thousands)

Description	Balance at Beginning of Period		Charged to Costs & Expenses			Charged to Other Accounts(1)			Accounts Written Off or Deductions(2)		Balance at End of Period
Year ended February 1, 2020
Allowance for doubtful accounts	$	78	$	992		$	—		$	275	$	795
Sales reserves(3)	$	9,451	$	—		$	362,764		$	360,546	$	11,669
Valuation allowances on deferred tax assets	$	10,268	$	—		$	(426	)	$	—	$	9,842
Year ended February 2, 2019
Allowance for doubtful accounts	$	99	$	122		$	—		$	143	$	78
Sales reserves(3)	$	3,768	$	(19	)	$	359,711		$	354,009	$	9,451
Valuation allowances on deferred tax assets	$	8,376	$	—		$	1,892		$	—	$	10,268
Year ended February 3, 2018
Allowance for doubtful accounts	$	262	$	411		$	—		$	574	$	99
Sales reserves(3)	$	3,419	$	(524	)	$	335,675		$	334,802	$	3,768
Valuation allowances on deferred tax assets	$	7,388	$	—		$	988		$	—	$	8,376

Notes:

(1)	Amounts related to sales reserves are charged to net sales and cost of sales, and amounts related to valuation allowances on deferred taxes are charged to income tax expense.

(2)	Actual returns and allowances.

(3)

During Fiscal 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers,” which requires the Company’s sales return reserve to be established at the gross sales value with an asset established for the value of the expected merchandise returned. The liability and asset related to the sales return reserve were $11.7 million and $7.0 million, respectively, as of February 1, 2020, and $9.5 million and $5.7 million, respectively, as of February 2, 2019, and were included in the lines “Other current liabilities” and “Prepaid and other current assets,” respectively, on the Company’s Consolidated Balance Sheet. Prior period amounts have not been adjusted. As of February 3, 2018, the net sales return reserve was $3.8 million and was included in the line “Other current liabilities” on the Company’s Consolidated Balance Sheet.