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Other Income, Net | 3 Months Ended
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Apr. 29, 2023
Other Income and Expenses [Abstract] |
Other Income, Net | Other Income, Net The components of other income, net, were as follows (dollars in thousands):
| For the Three Months Ended |  |  |
| April 29, 2023 |  | April 30, 2022 |  |  |  |  |
Gain on sale of fixed assets | $ | 7,816 |  |  | $ | 5,389 |  |  |  |  |  |
Discount fee expense | (3,200) |  |  | (1,101) |  |  |  |  |  |
Miscellaneous income, net | 375 |  |  | 507 |  |  |  |  |  |
Other income, net | $ | 4,991 |  |  | $ | 4,795 |  |  |  |  |  |
We participate in a vendor payment program sponsored by one of our customers. Eligible accounts receivable from this customer are included in the program and payment is received pursuant to a non-recourse sale to a bank partner. This program effectively reduces the time to collect these receivables as compared to that customer’s standard payment terms. We incur a discount fee to the bank on the payments received that is reflected as discount fee expense in the table above and is included as an expense component in other income, net, in the condensed consolidated statements of operations.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI https://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI https://asc.fasb.org/topic&trid=49130413 + Details
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