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

Quarterly report pursuant to Section 13 or 15(d)

Impairment, restructuring and other costs (Tables)

Impairment, restructuring and other costs (Tables)

9 Months Ended

Oct. 31, 2020

Impairment, restructuring and other costs

Summary of the restructuring and other charges included in impairment, restructuring and other costs


		13 Weeks Ended			39 Weeks Ended
		October 31,			October 31,
(In thousands)		2020			2020
Store Closures
Long-lived asset impairment charges (1)		$	—		$	19,569
Lease termination costs			1,844			1,844
Severance (2)			186			489
Suspension of Canadian expansion
Long-lived asset impairment charges (1)		$	9,935		$	9,935
Lease termination costs			5,317			5,317
Severance (2)			634			634
Other Severance (2)		$	5,708		$	5,708
Total		$	23,624		$	43,496

(1)	The significant estimates, all of which are considered Level 3 inputs, used in the fair value methodology include: the Company’s expectations for future operations and projected cash flows, including revenues, operating expenses, and market conditions.

(2)	As of October 31, 2020, the Company's restructuring accrual recorded in accrued liabilities on the consolidated balance sheets was $6,202 and is primarily for severance.