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SEC Filings

10-Q
ROSS STORES INC filed this Form 10-Q on 12/12/2018
Entire Document
 


The following sales mix table disaggregates revenue by merchandise category for the three and nine month periods ended November 3, 2018 and October 28, 2017:

 
Three Months Ended
 
Nine Months Ended
 
November 3, 2018

 
October 28, 2017

 
November 3, 2018

 
October 28, 2017

Ladies
27
%
 
28
%
 
28
%
 
28
%
Home Accents and Bed and Bath
25
%
 
25
%
 
24
%
 
25
%
Men's
14
%
 
13
%
 
13
%
 
13
%
Shoes
13
%
 
13
%
 
14
%
 
14
%
Accessories, Lingerie, Fine Jewelry, and Fragrances
13
%
 
13
%
 
13
%
 
12
%
Children's
8
%
 
8
%
 
8
%
 
8
%
Total
100
%
 
100
%
 
100
%
 
100
%


Allowance for sales returns. As a result of the adoption of ASC 606, the Company recognizes allowances for estimated sales returns on a gross basis. This results in (i) an asset recorded for the expected recovery of merchandise inventory and a liability recorded for the refund due to the customer and (ii) a change in sales and related cost of goods sold based on the required reserve for estimated returns. Prior to the adoption of ASC 606, the Company recognized allowances for sales returns on a net basis.
Cash, restricted cash, and restricted investments. Restricted cash, cash equivalents, and investments serve as collateral for certain insurance obligations of the Company. These restricted funds are invested in bank deposits, money market mutual funds, U.S. Government and agency securities, and corporate securities and cannot be withdrawn from the Company’s account without the prior written consent of the secured parties. The classification between current and long-term is based on the timing of expected payments of the insurance obligations.
The following table provides a reconciliation of cash, cash equivalents, restricted cash and equivalents in the Condensed Consolidated Balance Sheets that reconcile to the amounts shown on the Condensed Consolidated Statements of Cash Flows:
($000)
November 3, 2018

 
February 3, 2018

 
October 28, 2017

Cash and cash equivalents
$
1,349,196

 
$
1,290,294

 
$
1,144,169

Restricted cash and cash equivalents included in:
 
 
 
 
 
  Prepaid expenses and other
8,933

 
9,412

 
12,776

  Other long-term assets
53,460

 
53,566

 
50,992

Total restricted cash and cash equivalents
62,393

 
62,978

 
63,768

Total cash, cash equivalents and restricted cash and equivalents
$
1,411,589

 
$
1,353,272

 
$
1,207,937

In addition to the restricted cash and equivalents in the table above, the Company had restricted investments included in the Condensed Consolidated Balance Sheets as shown below:
($000)
November 3, 2018

 
February 3, 2018

 
October 28, 2017

Prepaid expenses and other
$
2,801

 
$
2,435

 
$
688

Other long-term assets

 
403

 
2,862

Total restricted investments
$
2,801

 
$
2,838

 
$
3,550



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