Ulta Beauty, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Summary of significant accounting policies (Tables)

Summary of significant accounting policies (Tables)

9 Months Ended

Nov. 02, 2019

Summary of significant accounting policies

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:


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