Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 600

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 6
Chunk 600
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 recognized $4,598, $3,125, and $3,126, in loyalty reward breakage, respectively. The impact of these adjustments on the statement of cash flow for the year ended February 1, 2025 were recorded in cash provided by operating activities. For the fiscal years ended February 1, 2025, February 3, 2024 and January 28, 2023 the Company recognized $17,986, $19,647, and $20,656, respectively, of revenue related to the beginning contract liability from the previous year. The current balance of the right of return assets is the expected amount of inventory to be returned that is expected to be resold. The current balance of the contract liabilities primarily relates to the gift card and loyalty reward program liabilities. The Company expects the revenue associated with these liabilities to be recognized in proportion to the pattern of customer redemptions over the next two years. The current balance of sales return liabilities is the expected amount of sales returns from sales that have occurred. 

69

Disaggregation of revenue from contracts with customersIn the following table, revenue from contracts with customers is disaggregated by department. The percentage of net sales related to the Company’s departments during the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023, was approximately: 

          Fiscal year Ended

          February 1,

          February 3,

          January 28,

          Department
           
          Product Offerings
           
          2025

          2024

          2023

          Camping
           
          Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools

          11.7
          %

          11.2
          %

          12.5
          %

          Apparel
           
          Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear

          7.5
          %

          8.8
          %

          9.3
          %

          Fishing
           
          Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats

          10.3
          %

          8.9
          %

          8.9
          %

          Footwear
           
          Hiking boots, socks, sport sandals, technical footwear