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

Annual report pursuant to Section 13 and 15(d)

Property and equipment and internal use software

Property and equipment and internal use software

12 Months Ended

Jan. 29, 2022

Property and equipment and internal use software

Property and equipment and internal use software

5. Property and equipment and internal use software

Property and equipment

Property and equipment consists of the following:


	January 29,		January 30,
(In thousands)	2022		2021
Equipment and fixtures	$	1,118,312	$	1,083,509
Leasehold improvements		813,068		782,036
Electronic equipment and software		609,734		649,603
Construction-in-progress		91,897		52,668
		2,633,011		2,567,816
Less: accumulated depreciation and amortization		(1,718,535)		(1,572,021)
Property and equipment, net	$	914,476	$	995,795

Internal use software

As of January 29, 2022, capitalized costs related to cloud computing arrangements of $23,379 was classified as prepaid expenses and other current assets and $22,596 was classified as other long-term assets in the consolidated balance sheets.

As of January 30, 2021, capitalized costs related to cloud computing arrangements of $18,773 was classified as prepaid expenses and other current assets and $16,694 was classified as other long-term assets in the consolidated balance sheets.

Expense related to cloud computing arrangements was $62,215, $49,615, and $38,034 in fiscal 2021, fiscal 2020, and fiscal 2019, respectively, and was included in SG&A expenses in the consolidated statements of income.