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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jan. 27, 2023
Accounting Policies [Abstract] |
Schedule of Allowance for Credit Losses | Changes in the balance of the allowance for credit losses are as follows:
(in thousands) |  | Fiscal 2022 |  |  | Fiscal 2021 |
Beginning balance |  | $ | 625 |  |  | $ | 680 |
Provision |  |  | 295 |  |  |  | 158 |
Write-offs |  |  | (192 | ) |  |  | (213 | )
Ending balance |  | $ | 728 |  |  | $ | 625 |
Summary of Property and Equipment, Net | As of the balance sheet dates, Property and equipment, net consisted of the following:
(in thousands) |  | Asset Lives (years) |  | January 27, 2023 |  |  | January 28, 2022 |
Land |  | — |  | $ | 3,440 |  |  | $ | 3,468 |
Buildings and improvements |  | 15-30 |  |  | 99,545 |  |  |  | 102,077 |
Furniture, fixtures and equipment |  | 3-10 |  |  | 59,992 |  |  |  | 61,751 |
Computer hardware and software |  | 3-10 |  |  | 232,799 |  |  |  | 211,726 |
Leasehold improvements |  | 3-7 |  |  | 12,761 |  |  |  | 12,818 |
Construction in progress |  |  |  |  | 27,235 |  |  |  | 15,278 |
Gross property and equipment |  |  |  |  | 435,772 |  |  |  | 407,118 |
Less: Accumulated depreciation |  |  |  |  | (308,134 | ) |  |  | (277,327 | )
Total property and equipment, net |  |  |  | $ | 127,638 |  |  | $ | 129,791 |
Deferred Revenue Disclosure | The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer reported in Accrued expenses and other current liabilities in the Consolidated Balance Sheets and amounts recognized through Net revenue for each period presented. The majority of deferred revenue as of January 27, 2023 is expected to be recognized in Net revenue in the fiscal quarter ending April 28, 2023, as products are delivered to customers.
(in thousands) |  | Fiscal 2022 |  |  | Fiscal 2021 |
Deferred revenue beginning of period |  | $ | 8,560 |  |  | $ | 17,187 |
Deferred revenue recognized in period |  |  | (8,346 | ) |  |  | (16,973 | )
Revenue deferred in period |  |  | 7,270 |  |  |  | 8,346 |
Deferred revenue end of period |  | $ | 7,484 |  |  | $ | 8,560 |
Gift Card Reconciliation | The following table provides the reconciliation of the contract liability related to gift cards:
(in thousands) |  | Fiscal 2022 |  |  | Fiscal 2021 |
Balance as of beginning of period |  | $ | 33,070 |  |  | $ | 26,798 |
Gift cards sold |  |  | 65,877 |  |  |  | 55,107 |
Gift cards redeemed |  |  | (64,637 | ) |  |  | (44,391 | )
Gift card breakage |  |  | (1,281 | ) |  |  | (4,444 | )
Balance as of end of period |  | $ | 33,029 |  |  | $ | 33,070 |
Schedule of Other Comprehensive (Loss) Income | Other comprehensive (loss) income encompasses all changes in equity other than those arising from transactions with stockholders and is comprised solely of foreign currency translation adjustments and net income (loss).
|  | Fiscal 2022 |  |  | Fiscal 2021 |  |  | Fiscal 2020 |
Beginning balance: Accumulated other comprehensive loss (net of tax of $3,361, $2,987, and $3,453, respectively) |  | $ | (12,642 | ) |  | $ | (11,221 | ) |  | $ | (12,988 | )
Other comprehensive (loss) income |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments (net of tax of $1,164, $374, and $(466), respectively) |  |  | (4,380 | ) |  |  | (1,421 | ) |  |  | 1,767 |
Ending balance: Accumulated other comprehensive loss (net of tax of $4,525, $3,361, and $2,987, respectively) |  | $ | (17,022 | ) |  | $ | (12,642 | ) |  | $ | (11,221 | )
Schedule of Components of Basic and Diluted EPS | The following table summarizes the components of basic and diluted EPS:
(in thousands) |  | Fiscal 2022 |  |  | Fiscal 2021 |  |  | Fiscal 2020 |
Net (loss) income |  | $ | (12,530 | ) |  | $ | 33,369 |  |  | $ | 10,836 |
Basic weighted average shares outstanding |  |  | 33,108 |  |  |  | 32,929 |  |  |  | 32,566 |
Dilutive impact of stock awards |  |  | — |  |  |  | 752 |  |  |  | 86 |
Diluted weighted average shares outstanding |  |  | 33,108 |  |  |  | 33,681 |  |  |  | 32,652 |
Basic (loss) earnings per share |  | $ | (0.38 | ) |  | $ | 1.01 |  |  | $ | 0.33 |
Diluted (loss) earnings per share |  | $ | (0.38 | ) |  | $ | 0.99 |  |  | $ | 0.33 |

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