Container Store Group, Inc. - 10-Q filing on 2020-10-21

Detail of certain balance sheet accounts

6 Months Ended

Sep. 26, 2020

Detail of certain balance sheet accounts

Detail of certain balance sheet accounts

2. Detail of certain balance sheet accounts


	September 26,		March 28,		September 28,
	2020		2020		2019
Accounts receivable, net:
Trade receivables, net	$	16,080	$	20,217	$	16,203
Credit card receivables		11,483		3,326		7,930
Other receivables		1,490		1,178		1,897
	$	29,053	$	24,721	$	26,030
Inventory:
Finished goods	$	112,864	$	118,981	$	128,095
Raw materials		4,271		4,523		4,532
Work in progress		580		703		573
	$	117,715	$	124,207	$	133,200
Accrued liabilities:
Accrued payroll, benefits and bonuses	$	20,538	$	19,112	$	18,150
Unearned revenue		16,360		12,976		13,874
Accrued transaction and property tax		15,441		12,509		12,800
Gift cards and store credits outstanding		9,067		9,208		8,945
Accrued lease liabilities		1,045		49		80
Accrued interest		3,750		1,483		1,602
Accrued sales returns		3,321		1,650		2,397
Other accrued liabilities		7,212		9,059		7,674
	$	76,734	$	66,046	$	65,522

Contract balances as a result of transactions with customers primarily consist of trade receivables included in Accounts receivable, net, Unearned revenue included in Accrued liabilities, and Gift cards and store credits outstanding included in Accrued liabilities in the Company's Consolidated Balance Sheets provided above. Unearned revenue was $12,976 as of March 28, 2020, and $11,924 was subsequently recognized into revenue for the twenty-six weeks ended September 26, 2020. Gift cards and store credits outstanding was $9,208 as of March 28, 2020, and $1,866 was subsequently recognized into revenue for the twenty-six weeks ended September 26, 2020. See Note 10 for disaggregated revenue disclosures.