Barter Arrangements |
3 Months Ended |
|---|---|
May 01, 2022 | |
| Barter Arrangements [Abstract] | |
| Barter Arrangements | BARTER ARRANGEMENTSThe Company has a bartering arrangement with a third-party vendor, whereby the Company will provide inventory in exchange for media credits. The Company exchanged $0.9 million of inventory for certain media credits during the thirteen weeks ending May 1, 2022. The Company did not exchange any of inventory for certain media credits during the thirteen weeks ending May 2, 2021. The Company had $5.4 million and $3.4 million of unused media credits remaining as of May 1, 2022 and January 30, 2022, respectively, which is included in “Prepaid and other current assets” on the accompanying condensed consolidated balance sheet.
The Company accounts for barter transactions under ASC Topic No. 845 “Nonmonetary Transactions.” Barter transactions with commercial substance are recorded at the estimated fair value of the products exchanged, unless the products received have a more readily determinable estimated fair value. Revenue associated with barter transactions is recorded at the time of the exchange of the related assets.
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