Revenue from Contracts with Customers | Revenue from Contracts with Customers Disaggregation of Revenue The following presents the Company's net revenues disaggregated by product category for the thirteen and twenty-six weeks ended July 31, 2021 and August 1, 2020 (in thousands): Thirteen Weeks Ended July 31, 2021 VB Direct Segment VB Indirect Segment Pura Vida Segment Total Product categories Bags $ 41,250 $ 8,883 $ 574 $ 50,707 Travel 23,837 3,325 — 27,162 Accessories 18,298 2,597 30,448 51,343 Home 9,348 718 — 10,066 Apparel/Footwear (6) 2,494 180 1,156 3,830 Other 1,911 (1) 1,129 (2) 900 (3) 3,940 Total net revenues $ 97,138 (4) $ 16,832 (5) $ 33,078 (4) $ 147,048 (1) Primarily includes net revenues from stationery, freight, and gift card breakage. (2) Primarily includes net revenues from licensing agreements and freight. (3) Related to freight. (4) Net revenues were related to product sales recognized at a point in time. (5) $15.9 million of net revenues related to product sales recognized at a point in time and $0.9 million of net revenues related to sales-based royalties recognized over time. (6) Includes mask sales. Thirteen Weeks Ended August 1, 2020 VB Direct Segment VB Indirect Segment Pura Vida Segment Total Product categories Bags $ 29,060 $ 7,183 $ — $ 36,243 Travel 13,753 2,374 — 16,127 Accessories 13,027 2,238 31,080 46,345 Home 7,554 422 — 7,976 Apparel/Footwear (6) 15,901 4,680 238 20,819 Other 1,938 (1) 833 (2) 1,489 (3) 4,260 Total net revenues $ 81,233 (4) $ 17,730 (5) $ 32,807 (4) $ 131,770 (1) Primarily includes net revenues from freight, stationery, and gift card breakage. (2) Primarily includes net revenues from licensing agreements, freight, and merchandising. (3) Related to freight. (4) Net revenues were related to product sales recognized at a point in time. (5) $17.2 million of net revenues related to product sales recognized at a point in time and $0.5 million of net revenues related to sales-based royalties recognized over time. (6) Includes mask sales. Twenty-Six Weeks Ended July 31, 2021 VB Direct Segment VB Indirect Segment Pura Vida Segment Total Product categories Bags $ 67,688 $ 16,933 $ 574 $ 85,195 Travel 39,016 5,892 — 44,908 Accessories 30,159 4,824 55,959 90,942 Home 15,886 1,455 — 17,341 Apparel/Footwear (6) 7,855 851 1,784 10,490 Other 3,266 (1) 2,141 (2) 1,859 (3) 7,266 Total net revenues $ 163,870 (4) $ 32,096 (5) $ 60,176 (4) $ 256,142 (1) Primarily includes net revenues from stationery, freight, and gift card breakage. (2) Primarily includes net revenues from licensing agreements and freight. (3) Related to freight. (4) Net revenues were related to product sales recognized at a point in time. (5) $30.4 million of net revenues related to product sales recognized at a point in time and $1.7 million of net revenues related to sales-based royalties recognized over time. (6) Includes mask sales. Twenty-Six Weeks Ended August 1, 2020 VB Direct Segment VB Indirect Segment Pura Vida Segment Total Product categories Bags $ 45,551 $ 11,783 $ — $ 57,334 Travel 23,194 4,771 — 27,965 Accessories 20,274 3,560 51,619 75,453 Home 9,903 653 — 10,556 Apparel/Footwear (6) 16,723 6,580 238 23,541 Other 2,425 (1) 1,612 (2) 2,168 (3) 6,205 Total net revenues $ 118,070 (4) $ 28,959 (5) $ 54,025 (4) $ 201,054 (1) Primarily includes net revenues from stationery, freight, and gift card breakage. (2) Primarily includes net revenues from licensing agreements, freight, and merchandising. (3) Related to freight. (4) Net revenues were related to product sales recognized at a point in time. (5) $27.9 million of net revenues related to product sales recognized at a point in time and $1.1 million of net revenues related to sales-based royalties recognized over time. (6) Includes mask sales. Contract Balances Contract liabilities as of July 31, 2021 and January 30, 2021, were $3.6 million and $4.1 million, respectively. The balance as of July 31, 2021 and January 30, 2021 consisted of unearned revenue related to the monthly bracelet and jewelry clubs of the Pura Vida segment, unredeemed gift cards, Pura Vida loyalty club points, Pura Vida customer deposits and payments collected before shipment, and an immaterial amount of unearned revenue for pre-payments of royalties in certain of the Company’s licensing arrangements. These contract liabilities are recognized within other accrued liabilities on the Company’s Condensed Consolidated Balance Sheets. Substantially all contract liabilities are recognized within one year. The Company did not have contract assets as of July 31, 2021 and January 30, 2021. The balance for accounts receivable from contracts with customers, net of allowances, as of July 31, 2021 and January 30, 2021, was $28.7 million and $26.0 million, respectively, which is recognized within accounts receivable, net, on the Company’s Condensed Consolidated Balance Sheets. The provision for doubtful accounts was $1.1 million as of July 31, 2021 and January 30, 2021. The provision for doubtful accounts is based upon the likelihood of default expected during the life of the receivable. Performance Obligations The performance obligations for the VB Direct, VB Indirect, and Pura Vida segments include the promise to transfer distinct goods (or a bundle of distinct goods). The VB Indirect segment also includes the right to access intellectual property (“IP”) related to the Vera Bradley brand. Remaining Performance Obligations The Company does not have remaining performance obligations in excess of one year or contracts that it does not have the right to invoice as of July 31, 2021. |