| Schedule of the impact to the Company's opening consolidated balance sheet |
The impact to the Company’s opening consolidated balance sheet as of February 3, 2019 was as follows:
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As Reported
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Effect of Adopting
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Balance at
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(In thousands)
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February 2, 2019
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ASC 842
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February 3, 2019
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Assets
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(Unaudited)
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Receivables, net
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$
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136,168
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$
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(17,468)
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$
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118,700
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Prepaid expenses and other current assets
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138,116
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(25,260)
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112,856
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Property and equipment, net
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1,226,029
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(16,983)
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1,209,046
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Operating lease assets
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—
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1,460,866
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1,460,866
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Liabilities and stockholders’ equity
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Accrued liabilities
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220,666
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(1,460)
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219,206
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Current operating lease liabilities
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—
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210,721
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210,721
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Deferred rent
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434,980
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(434,980)
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—
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Non-current operating lease liabilities
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—
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1,629,249
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1,629,249
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Retained earnings
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1,105,863
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(2,375)
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1,103,488
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