Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	May 02, 2020	Aug. 03, 2019
Current assets:
Cash and cash equivalents	$ 96,840	$ 170,932
Short-term investments	144,744	143,276
Inventory, net	165,077	118,216
Prepaid expenses and other current assets	51,810	49,980
Total current assets	458,471	482,404
Long-term investments	86,919	53,372
Property and equipment, net	64,597	54,888
Operating lease right-of-use assets	134,216	0
Deferred tax assets	34,357	22,175
Other long-term assets	3,069	3,227
Total assets	781,629	616,066
Current liabilities:
Accounts payable	82,890	90,883
Operating lease liabilities	23,066	0
Accrued liabilities	70,667	69,734
Gift card liability	8,894	7,233
Deferred revenue	14,689	11,997
Other current liabilities	3,724	2,784
Total current liabilities	203,930	182,631
Operating lease liabilities, net of current portion	142,568	0
Deferred rent, net of current portion	0	24,439
Other long-term liabilities	12,551	12,996
Total liabilities	359,049	220,066
Commitments and contingencies (Note 6)
Stockholders’ equity:
Additional paid-in capital	327,039	279,511
Accumulated other comprehensive income (loss)	1,515	(187)
Retained earnings	94,024	116,674
Total stockholders’ equity	422,580	396,000
Total liabilities and stockholders’ equity	781,629	616,066
Class A Common Stock
Stockholders’ equity:
Common stock, value	1	1
Class B Common Stock
Stockholders’ equity:
Common stock, value	$ 1	$ 1

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).