Ulta Beauty, Inc. Annual report pursuant to Section 13 and 15(d)

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jan. 30, 2021

Ulta Beauty, Inc.
Schedule II – Valuation and Qualifying Accounts
(In thousands)


	Balance at		Charged to					Balance at
	beginning		costs and					end
Description	of period		expenses		Deductions			of period
Fiscal 2020
Allowance for doubtful accounts	$	1,363	$	22	$	(617)	(a)	$	768
Inventory reserve		46,941		42,634		(36,715)			52,860
Fiscal 2019
Allowance for doubtful accounts	$	651	$	1,094	$	(382)	(a)	$	1,363
Inventory reserve		36,640		50,285		(39,984)			46,941
Fiscal 2018
Allowance for doubtful accounts	$	1,371	$	573	$	(1,293)	(a)	$	651
Inventory reserve		24,804		47,923		(36,087)			36,640

(a)

Represents write-off of uncollectible accounts