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Document and Entity Information - USD ($)	12 Months Ended
Jan. 30, 2016	Mar. 22, 2016	Jul. 31, 2015
Document and Entity Information
Entity Registrant Name	Citi Trends Inc
Entity Central Index Key	0001318484
Document Type	10-K
Document Period End Date	Jan. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--01-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 354,867,058
Entity Common Stock, Shares Outstanding		14,907,706
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 39,116	$ 74,514
Short-term investment securities	32,671	15,850
Inventory	137,020	131,057
Prepaid and other current assets	12,201	14,604
Income tax receivable	1,285	973
Deferred tax asset	4,835	4,359
Total current assets	227,128	241,357
Property and equipment, net	50,632	47,603
Long-term investment securities	30,890	22,447
Deferred tax asset	5,153	6,328
Other assets	705	638
Total assets	314,508	318,373
Current liabilities:
Accounts payable	67,419	72,245
Accrued expenses	14,603	14,176
Accrued compensation	13,097	14,996
Dividends payable	42
Layaway deposits	497	585
Total current liabilities	95,658	102,002
Other long-term liabilities	6,616	5,749
Total liabilities	102,274	107,751
Stockholders' equity:
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,707,859 shares issued as of January 30, 2016 and 15,743,617 shares issued as of January 31, 2015; 14,874,671 shares outstanding as of January 30, 2016 and 15,577,867 shares outstanding as of January 31, 2015	154	152
Paid in capital	88,540	85,598
Retained earnings	138,725	125,037
Treasury stock, at cost; 833,188 shares held as of January 30, 2016 and 165,750 shares held as of January 31, 2015.	(15,185)	(165)
Total stockholders' equity	212,234	210,622
Commitments and contingencies (note 9)
Total liabilities and stockholders' equity	$ 314,508	$ 318,373

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Consolidated Statements of Operations
Net sales	$ 683,791	$ 670,840	$ 622,204
Cost of sales (exclusive of depreciation shown separately below)	(416,779)	(418,416)	(394,445)
Selling, general and administrative expenses	(224,218)	(221,041)	(206,146)
Depreciation	(18,577)	(20,177)	(21,974)
Asset impairment		(83)	(1,542)
Gain on sale of former distribution center			1,526
Income (loss) from operations	24,217	11,123	(377)
Interest income	339	187	281
Interest expense	(242)	(200)	(194)
Income (loss) before income taxes	24,314	11,110	(290)
Income tax (expense) benefit	(8,787)	(2,144)	754
Net income	$ 15,527	$ 8,966	$ 464
Basic net income per common share	$ 1.04	$ 0.60	$ 0.03
Diluted net income per common share	$ 1.03	$ 0.60	$ 0.03
Weighted average number of shares outstanding
Basic	14,996,496	14,960,920	14,798,154
Diluted	15,055,538	15,020,489	14,813,444

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Operating activities:
Net income	$ 15,527	$ 8,966	$ 464
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	18,577	20,177	21,974
Asset impairment		83	1,542
Deferred income taxes	699	956	(1,692)
Gain on sale of former distribution center			(1,526)
Loss on disposal of property and equipment	31	23	1
Noncash stock-based compensation expense	4,148	4,007	3,355
Excess tax benefits from stock-based payment arrangements	(1,312)	(342)	305
Changes in assets and liabilities:
Inventory	(5,963)	(4,556)	14,972
Prepaid and other current assets	2,403	(3,383)	(573)
Other assets	(67)	48	55
Accounts payable	(5,000)	12,082	(2,653)
Accrued expenses and other long-term liabilities	(568)	(3,016)	(2,565)
Accrued compensation	(1,899)	5,448	1,419
Income tax receivable	1,000	(237)	435
Layaway deposits	(88)	70	(145)
Net cash provided by operating activities	27,488	40,326	35,368
Investing activities:
Purchases of investment securities	(44,310)	(22,183)	(24,548)
Sales/redemptions of investment securities	19,046	9,667	17,292
Proceeds from sale of former distribution center			2,941
Purchases of property and equipment	(19,601)	(11,002)	(8,469)
Net cash used in investing activities	(44,865)	(23,518)	(12,784)
Financing activities:
Excess tax benefits from stock-based payment arrangements	1,312	342	(305)
Cash used to settle withholding taxes on stock option exercises and the vesting of nonvested restricted stock	(2,586)	(1,592)	(668)
Proceeds from the exercise of stock options	70	28	54
Dividends paid to stockholders	(1,797)
Repurchase of common stock	(15,020)
Net cash used in financing activities	(18,021)	(1,222)	(919)
Net increase (decrease) in cash and cash equivalents	(35,398)	15,586	21,665
Cash and cash equivalents:
Beginning of period	74,514	58,928	37,263
End of period	39,116	74,514	58,928
Supplemental disclosures of cash flow information:
Cash paid for interest	127	134	127
Cash payments of income taxes	7,088	1,425	503
Supplemental disclosures of noncash investing activities:
Accrual for purchases of property and equipment	$ 2,036	$ 730	$ 207

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Total
Balances at Feb. 02, 2013	$ 149	$ 80,380	$ 115,607	$ (165)	$ 195,971
Balances (in shares) at Feb. 02, 2013	15,295,780			165,750
Increase (Decrease) in Stockholders' Equity
Exercise of stock options		54			54
Exercise of stock options (in shares)	6,525
Vesting of nonvested restricted stock units	$ 1				1
Vesting of nonvested restricted stock units (in shares)	29,166
Excess tax benefits from stock based payment arrangements		(305)			(305)
Issuance of nonvested shares to employees and directors under incentive plan (in shares)	392,466
Forfeiture of nonvested shares by employees and directors (in shares)	(63,060)
Stock-based compensation expense		3,355			3,355
Net share settlement of nonvested shares		(669)			(669)
Net share settlement of nonvested shares (in shares)	(56,072)
Net income			464		464
Balances at Feb. 01, 2014	$ 150	82,815	116,071	$ (165)	198,871
Balances (in shares) at Feb. 01, 2014	15,604,805			165,750
Increase (Decrease) in Stockholders' Equity
Exercise of stock options		28			28
Exercise of stock options (in shares)	2,000
Vesting of nonvested restricted stock units	$ 3				3
Vesting of nonvested restricted stock units (in shares)	28,671
Excess tax benefits from stock based payment arrangements		342			342
Issuance of nonvested shares to employees and directors under incentive plan (in shares)	234,596
Forfeiture of nonvested shares by employees and directors (in shares)	(37,775)
Stock-based compensation expense		4,007			4,007
Net share settlement of nonvested shares	$ (1)	(1,594)			(1,595)
Net share settlement of nonvested shares (in shares)	(88,680)
Net income			8,966		8,966
Balances at Jan. 31, 2015	$ 152	85,598	125,037	$ (165)	$ 210,622
Balances (in shares) at Jan. 31, 2015	15,743,617			165,750	15,743,617
Increase (Decrease) in Stockholders' Equity
Exercise of stock options		70			$ 70
Exercise of stock options (in shares)	5,000
Vesting of nonvested restricted stock units	$ 3				3
Vesting of nonvested restricted stock units (in shares)	6,135
Excess tax benefits from stock based payment arrangements		1,312			1,312
Issuance of nonvested shares to employees and directors under incentive plan (in shares)	68,607
Forfeiture of nonvested shares by employees and directors (in shares)	(14,591)
Stock-based compensation expense		4,148			4,148
Net share settlement of nonvested shares	$ (1)	(2,588)			(2,589)
Net share settlement of nonvested shares (in shares)	(100,909)
Repurchase of common stock				$ (15,020)	(15,020)
Repurchase of common stock (in shares)				667,438
Dividends paid to stockholders			(1,839)		(1,839)
Net income			15,527		15,527
Balances at Jan. 30, 2016	$ 154	$ 88,540	$ 138,725	$ (15,185)	$ 212,234
Balances (in shares) at Jan. 30, 2016	15,707,859			833,188	15,707,859

Summary of Significant Accounting Policies

12 Months Ended

Jan. 30, 2016

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

(2)Summary of Significant Accounting Policies

(a) Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany transactions and balances have been eliminated in consolidation.

(b) Fiscal Year

The Company’s fiscal year ends on the Saturday closest to January 31 of each year. The years ended January 30, 2016, January 31, 2015 and February 1, 2014 are referred to as fiscal 2015, fiscal 2014 and fiscal 2013, respectively, in the accompanying consolidated financial statements.

For purposes of the consolidated balance sheets and consolidated statements of cash flows, the Company considers all highly liquid investments with maturities at date of purchase of three months or less to be cash equivalents. Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents. The Company places its cash and cash equivalents in what it believes to be high credit quality banks and institutional money market funds. The Company maintains cash accounts that exceed federally insured limits.

(d) Inventory

Inventory is stated at the lower of cost (first-in, first-out basis) or market as determined by the retail inventory method for store inventory and the average cost method for distribution center inventory. Under the retail inventory method, the cost of inventory is determined by calculating a cost-to-retail ratio and applying it to the retail value of inventory. Merchandise markdowns are reflected in the inventory valuation when the retail price of an item is lowered in the stores. Inventory is recorded net of an allowance for shrinkage based on the most recent physical inventory counts.

(e) Property and Equipment, net

Property and equipment, net are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the lesser of the estimated useful lives (primarily three to five years for computer equipment and furniture, fixtures and equipment, five years for leasehold improvements, seven years for major purchased software systems, and fifteen to twenty years for buildings and building improvements) of the related assets or the relevant lease term.

(f) Impairment of Long-Lived Assets

If facts and circumstances indicate that a long-lived asset may be impaired, the carrying value is reviewed. If this review indicates that the carrying value of the asset will not be recovered as determined based on projected undiscounted cash flows related to the asset over its remaining life, the carrying value of the asset is reduced to its estimated fair value. Non-cash impairment expense related primarily to leasehold improvements and fixtures and equipment at underperforming stores totaled $0.0 million, $0.1 million and $1.5 million in fiscal 2015, 2014 and 2013, respectively.

(g) Insurance Liabilities

The Company is largely self-insured for workers’ compensation costs and employee medical claims. The Company’s self-insured retention or deductible, as applicable, for each claim involving workers’ compensation and employee medical is limited to $250,000 and $65,000, respectively. Self-insurance liabilities are based on the total estimated costs of claims filed and estimates of claims incurred but not reported, less amounts paid against such claims. Current and historical claims data, together with information from actuarial studies, are used in developing the estimates. The insurance liabilities that are recorded are primarily influenced by the frequency and severity of claims and the Company’s growth. If the underlying facts and circumstances related to the claims change, then the Company may be required to record more or less expense which could be material in relation to results of operations.

(h) Stock-Based Compensation

The Company recognizes compensation expense associated with all nonvested restricted stock and stock options based on an estimate of the grant-date fair value of each equity award. Grants of time-based nonvested restricted stock are valued based on the closing stock price on the grant date, while grants of performance-based restricted stock units are valued at an estimate of fair market value using a lattice model. The fair values of options issued are estimated at each grant date using the Black-Scholes Merton option pricing model. See Note 8 for additional information on the Company’s stock-based compensation plans.

(i) Revenue Recognition

Revenue from retail sales net of sales taxes is recognized at the time the customer takes possession of and pays for merchandise, less an allowance for returns. The Company allows customers to return merchandise for up to thirty days after the date of sale and the Company reduces revenues for each fiscal year using a combination of actual and estimated return information for the returns in the thirty days after the year ends. The provision for returns was $0.1 million as of January 30, 2016 and $0.2 million as of January 31, 2015. Revenue from layaway sales is recognized when the customer has paid for and received the merchandise. If the merchandise is not fully paid for within sixty days, the customer is given a store credit for merchandise payments made, less a re-stocking and layaway service fee. Such fees, which are non-refundable, are recognized in revenue when collected. Proceeds from the sale of gift cards are deferred until the customers use the cards to purchase merchandise. No amounts have yet been amortized into income for gift cards that were sold and are not expected to be redeemed (“breakage”) due to the relative immateriality of the total gift card liability ($0.6 million as of January 30, 2016 and January 31, 2015) and requirements to escheat certain amounts to the state in which the gift card subsidiary is incorporated. All sales are from cash, check or major credit card company transactions. The Company does not offer company-sponsored customer credit accounts.

(j) Cost of Sales

Cost of sales includes the cost of inventory sold during the period and transportation costs, including inbound freight related to inventory sold and freight from the distribution centers to the stores, net of discounts and allowances. Distribution center costs, store occupancy expenses and advertising expenses are not considered components of cost of sales and are included as part of selling, general and administrative expenses. Depreciation is also not considered a component of cost of sales and is included as a separate line item in the consolidated statements of operations. Distribution center costs (exclusive of depreciation) for fiscal 2015, 2014 and 2013 were $15.7 million, $14.2 million and $13.2 million, respectively.

(k) Earnings per Share

Basic earnings per common share amounts are calculated using the weighted average number of common shares outstanding for the period. Diluted earnings per common share amounts are calculated using the weighted average number of common shares outstanding plus the additional dilution for all potentially dilutive securities, such as nonvested restricted stock and stock options. During loss periods, diluted loss per share amounts are based on the weighted average number of common shares outstanding because the inclusion of common stock equivalents would be antidilutive.

The following table provides a reconciliation of the number of average common shares outstanding used to calculate basic earnings per share to the number of common shares and common stock equivalents outstanding used in calculating diluted earnings per share for fiscal 2015, 2014 and 2013:

	2015	2014	2013
Average number of common shares outstanding	14,996,496	14,960,920	14,798,154
Incremental shares from assumed exercises of stock options	193	1,254	1,187
Incremental shares from assumed vesting of nonvested restricted stock	58,849	58,315	14,103

Average number of common shares and common stock equivalents outstanding	15,055,538	15,020,489	14,813,444

The dilutive effect of stock-based compensation arrangements is accounted for using the treasury stock method. This method assumes that the proceeds the Company receives from the exercise of stock options are used to repurchase common shares in the market. The Company includes as assumed proceeds the amount of compensation cost attributed to future services and not yet recognized, and the amount of tax benefits, if any, that would be credited to additional paid-in capital assuming exercise of outstanding options and vesting of nonvested restricted stock. For fiscal 2015, 2014 and 2013, respectively, there were 19,000, 27,000 and 41,000 options outstanding to purchase shares of common stock excluded from the calculation of diluted earnings per share because of antidilution. For fiscal 2015, 2014 and 2013, respectively, there were 332,000, 542,000 and 607,000 shares of nonvested restricted stock, respectively, excluded from the calculation of diluted earnings per share because of antidilution.

(l) Advertising

The Company expenses advertising as incurred. Advertising expense for fiscal 2015, 2014 and 2013 was $2.6 million, $2.4 million and $2.4 million, respectively.

(m) Operating Leases

The Company leases all of its store properties and accounts for the leases as operating leases. Many lease agreements contain tenant improvement allowances, rent holidays, rent escalation clauses and/or contingent rent provisions. For purposes of recognizing incentives and minimum rent expense on a straight-line basis over the terms of the leases, the Company uses the date of initial possession to begin amortization, which is generally when the Company enters the space and begins to make improvements in preparation of intended use.

For scheduled rent escalation clauses during the lease terms or for rental payments commencing “rent holidays” at a date other than the date of initial occupancy, the Company records minimum rent expense on a straight-line basis over the terms of the leases. Tenant improvement allowances are included in accrued expenses (current portion) and other long-term liabilities (noncurrent portion) and are amortized over the lease term. Changes in the balances of tenant improvement allowances are included as a component of operating activities in the consolidated statements of cash flows.

Certain leases provide for contingent rents that are not measurable at inception. These contingent rents are primarily based on a percentage of net sales that are in excess of a predetermined level. These amounts are excluded from minimum rent and are included in the determination of total rent expense when it is probable that the expense has been incurred and the amount is reasonably estimable.

The Company is required to recognize a liability for the fair value of a conditional asset retirement obligation when incurred if the liability’s fair value can be reasonably estimated. The Company included a liability of $0.8 million as of January 30, 2016 and $0.7 million as of January 31, 2015 in other long-term liabilities, representing estimated expenses that would be incurred upon the termination of the Company’s operating leases.

(n) Store Opening and Closing Costs

New and relocated store opening period costs are charged directly to expense when incurred. When the Company decides to close or relocate a store, the Company records an expense for the present value of expected future rent payments, net of sublease income, if any, in the period that a store closes or relocates. All store opening and closing costs are included in selling, general and administrative expenses.

(o) Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

(p) Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and use assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The most significant estimates made by management include those used in the valuation of inventory, property and equipment, self-insurance liabilities, leases and income taxes. Management periodically evaluates estimates used in the preparation of the consolidated financial statements for continued reasonableness. Appropriate adjustments, if any, to the estimates used are made prospectively based on such periodic evaluations.

(q) Business Reporting Segments

The Company is an off-price retailer of urban fashion apparel and accessories for the entire family. The retail operations represent a single operating segment based on the way the Company manages its business. Operating decisions and resource allocation decisions are made at the Company level in order to maintain a consistent retail store presentation. The Company’s retail stores sell similar products, use similar processes to sell those products, and sell their products to similar classes of customers. All sales and assets are located within the United States. The Company’s merchandise assortment by classification as a percentage of net sales for fiscal 2015, 2014 and 2013 is as follows:

	Percentage of Net Sales
	2015	2014	2013
Accessories	30%	29%	26%
Children’s	25%	26%	27%
Ladies’	24%	24%	26%
Men’s	17%	17%	18%
Home	4%	4%	3%

(r) Recent Accounting Pronouncements

In November 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). New guidance under ASU 2015-17 requires companies to classify deferred tax assets and liabilities on their balance sheets as noncurrent. Existing accounting guidance requires companies to classify deferred tax assets and liabilities as current or noncurrent based on the classification of the underlying asset or liability. The new standard is effective for financial statements issued for fiscal years beginning after December 15, 2016. ASU 2015-17 may be applied either prospectively or retrospectively, with early adoption permitted. The Company has not adopted this new standard as part of its fiscal year 2015 consolidated financial statements. We have assessed the impact of retrospective application of ASU 2015-17 and determined that applying the new guidance to our consolidated financial statements would result in reclassifying current deferred tax assets of $4.8 million and $4.4 million to noncurrent deferred tax assets as of January 30, 2016 and January 31, 2015, respectively.

In February 2016, the FASB issued ASU No. 2016-02, Leases (“ASU 2016—02”) which replaces the existing guidance in ASC 840, Leases. The new standard establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, and requires retrospective application. The Company will adopt ASU 2016-02 in fiscal 2019 and is currently evaluating the impact to its consolidated financial statements.

Fair Value Measurements

12 Months Ended

Jan. 30, 2016

Fair Value Measurements

Fair Value Measurements

(4)Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market at the measurement date. Fair value is established according to a hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data.

Level 3: Unobservable inputs are used when little or no market data is available. Level 3 inputs are given the lowest priority in the fair value hierarchy.

As of January 30, 2016, the Company’s investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity. Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
Short-term:
Bank certificates of deposit (Level 2)	$	20,978	$	—	$	—		$	20,978
Obligations of states and municipalities (Level 2)	2,930		2		—			2,932
Obligations of the U. S. Treasury (Level 1)	8,763		3		(1		)	8,765

	$	32,671	$	5	$	(1	)	$	32,675

Long-term:
Obligations of the U. S. Treasury (Level 1)	$	20,002	$	33	$	(7	)	$	20,028
Bank certificates of deposit (Level 2)	10,888		—		—			10,888

	$	30,890	$	33	$	(7	)	$	30,916

The amortized cost and fair market value of investment securities as of January 30, 2016 by contractual maturity are as follows (in thousands):

	Amortized Cost		Fair Market Value
Mature in one year or less	$	32,671	$	32,675
Mature after one year through five years	30,890		30,916

	$	63,561	$	63,591

As of January 31, 2015, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Short-term:
Bank certificates of deposit (Level 2)	4,996		$	—	$	—	$	4,996
Obligations of states and municipalities (Level 2)	2,074		—		—		2,074
Obligations of the U. S. Treasury (Level 1)	8,780		9		—		8,789

	$	15,850	$	9	$	—	$	15,859

Long-term:
Obligations of the U. S. Treasury (Level 1)	$	7,543	$	24	$	—	$	7,567
Bank certificates of deposit (Level 2)	14,904		—		—		14,904

	$	22,447	$	24	$	—	$	22,471

The amortized cost and fair market value of investment securities as of January 31, 2015 by contractual maturity were as follows (in thousands):

	Amortized Cost		Fair Market Value
Mature in one year or less	$	15,850	$	15,859
Mature after one year through five years	22,447		22,471

	$	38,297	$	38,330

There were no changes among the levels in the three fiscal years ended January 30, 2016.

Fair market values of Level 2 investments are determined by management with the assistance of a third party pricing service. Since quoted prices in active markets for identical assets are not available, these prices are determined by the third party pricing service using observable market information such as quotes from less active markets and quoted prices of similar securities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes

12 Months Ended

Jan. 30, 2016

Income Taxes

Income Taxes

(6)Income Taxes

Income tax (expense) benefit for fiscal 2015, 2014 and 2013 consists of the following (in thousands):

	2015			2014			2013
Current:
Federal	$	(6,805	)	$	(780	)	$	(637	)
State	(1,283		)	(408		)	(301		)

Total current	(8,088		)	(1,188		)	(938		)

Deferred:
Federal	(806		)	(1,384		)	1,882
State	107			428			(190		)

Total deferred	(699		)	(956		)	1,692

Total income tax (expense) benefit	$	(8,787	)	$	(2,144	)	$	754

Income tax (expense) benefit computed using the federal statutory rate is reconciled to the reported income tax (expense) benefit as follows for fiscal 2015, 2014 and 2013 (in thousands):

	2015			2014			2013
Statutory rate applied to (income) loss before income taxes	$	(8,510	)	$	(3,889	)	$	102
State income taxes, net of federal benefit	(950		)	(364		)	9
State tax credits	186			558			144
State tax credits - valuation allowance (net of federal benefit)	—			(159		)	(359		)
Tax exempt interest	6			127			63
General business credits	978			1,502			886
Excess compensation	(263		)	—			—
Other	(234		)	81			(91		)

Income tax (expense) benefit	$	(8,787	)	$	(2,144	)	$	754

The components of deferred tax assets and deferred tax liabilities as of January 30, 2016 and January 31, 2015 are as follows (in thousands):

	January 30,			January 31,
	2016			2015
Deferred tax assets:
Deferred rent amortization	$	656		$	866
Inventory capitalization	2,707			2,488
Federal jobs credits	—			1,047
Book and tax depreciation differences	1,912			2,057
Vacation liability	918			859
State tax credits	2,063			1,998
Stock compensation	1,638			1,489
Legal expense reserve	513			595
Insurance liabilities	1,134			883
Other	380			398

Subtotal deferred tax assets	11,921			12,680
Less: State tax credits valuation allowance - net	(1,272		)	(1,272		)

Total deferred tax assets	10,649			11,408


Deferred tax liabilities:
Prepaid expenses	(661		)	(721		)

Total deferred tax liabilities	(661		)	(721		)

Net deferred tax asset	$	9,988		$	10,687

The Company files income tax returns in U.S. federal and state jurisdictions where it does business and is subject to examinations by the Internal Revenue Service (“IRS”) and other taxing authorities. With a few exceptions, the Company is no longer subject to U.S. federal and state income tax examinations by tax authorities for years prior to fiscal 2010. The Company reviews and assesses uncertain tax positions, if any, with recognition and measurement of tax benefit based on a “more-likely-than-not” standard with respect to the ultimate outcome, regardless of whether this assessment is favorable or unfavorable. As of January 30, 2016, there were no benefits taken on the Company’s income tax returns that do not qualify for financial statement recognition. If a tax position does not meet the minimum statutory threshold to avoid payment of penalties and interest, a company is required to recognize an expense for the amount of the interest and penalty in the period in which the company claims or expects to claim the position on its tax return. For financial statement purposes, companies are allowed to elect whether to classify such charges as either income tax expense or another expense classification. Should such expense be incurred in the future, the Company will classify such interest as a component of interest expense and penalties as a component of income tax expense.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible and income tax credits may be utilized, management believes it is more likely than not that the Company will realize the benefits of these deductible differences with the exception of certain tax credits available in one state. Losses incurred in 2011 caused the Company to conclude that its ability to utilize a portion of such state’s tax credits was no longer more likely than not, necessitating a charge to income tax expense and a reduction in deferred tax assets totaling $0.8 million in connection with the establishment of a valuation allowance. In 2013, the Company increased the valuation allowance by $0.4 million when it concluded that its ability to utilize most of the remaining portion of such credits was no longer more likely than not. In 2014, additional jobs credits became available in this state, and the Company concluded that a portion of such credits was not likely to be utilized, resulting in an additional increase in the valuation allowance of $0.1 million.

The effective income tax rate for fiscal 2015, 2014 and 2013 included the recognition of benefits arising from various federal and state tax credits. Under current IRS and state income tax regulations, these credits may be carried back for two years or carried forward for periods up to 20 years. The income tax benefit in fiscal 2015 included $1.2 million related to such credits. The income tax benefit in fiscal 2014 included $2.1 million related to such credits, partially offset by the aforementioned $0.1 million increase in a valuation allowance. The income tax benefit in fiscal 2013 included $1.0 million related to such credits, partially offset by the aforementioned $0.4 million increase in a valuation allowance.

Stockholders' Equity

12 Months Ended

Jan. 30, 2016

Stockholders' Equity.

Stockholders' Equity

(8)Stockholders’ Equity

Repurchases of common stock

On August 18, 2015, the Company’s Board of Directors approved a program that authorized the purchase of up to $15.0 million in shares of the Company’s common stock. During 2015, the Company repurchased 667,438 shares of its common stock in the open market at an aggregate cost of $15.0 million. As of January 30, 2016, there were no additional shares which could be repurchased pursuant to the Board of Directors’ authorization.

Dividends

On August 18, 2015, the Company’s Board of Directors declared a quarterly cash dividend of $0.06 per common share, which was paid on September 15, 2015 to stockholders of record as of September 1, 2015. On November 18, 2015, the Company’s Board of Directors declared a dividend of $0.06 per common share, which was paid on December 15, 2015 to stockholders of record as of December 1, 2015. On February 9, 2016, the Company’s Board of Directors declared a dividend of $0.06 per common share, which was paid on March 15, 2016 to stockholders of record as of March 1, 2016. Any determination to declare and pay cash dividends for future quarters will be made by the Board of Directors.

Stock-Based Compensation

On April 6, 2012, the Company adopted the Citi Trends, Inc. 2012 Incentive Plan (the “2012 Plan”), which became effective upon approval by the Company’s stockholders on May 23, 2012. The 2012 Plan is a successor plan to the 2005 Citi Trends, Inc. Long-Term Incentive Plan (the “2005 Plan”), which became effective upon the consummation of the Company’s initial public offering in May 2005.

The 2005 Plan provided for the grant of incentive and nonqualified options, nonvested restricted stock and other forms of stock-based compensation to key employees and directors. The 2012 Plan provides for the grant of incentive and nonqualified options, nonvested restricted stock and other forms of stock-based and cash-based compensation to key employees and directors.

Shares of time-based nonvested restricted stock granted to employees vest in either equal installments over three or four years from the date of grant, or over three years at 25% on the first and second anniversaries and 50% on the third anniversary. Shares issued to directors vest one year from the date of grant. The Company records compensation expense for grants of time-based nonvested restricted stock on a straight line basis over the requisite service period of the stock recipients which is equal to the vesting period of the stock. Total compensation cost for such stock is calculated based on the closing market price on the date of grant multiplied by the number of shares granted. Using an estimated forfeiture rate equal to 4.1%, the Company expects to recognize $2.6 million in future compensation expense from the grants of time-based restricted stock over the requisite service period of up to four years. Compensation costs for grants of performance-based restricted stock units (“RSUs”) are recorded in full on the date of grant using a lattice model to estimate fair market value. During fiscal 2015, 2014 and 2013, compensation expense arising from time-based nonvested restricted stock grants and performance-based RSUs totaled $4.1 million, $4.0 million and $3.4 million, respectively.

A summary of activity related to time-based nonvested restricted stock grants during fiscal year 2015 is as follows:

	Nonvested Restricted Shares		Weighted Average Grant Date Fair Value
Outstanding as of January 31, 2015	583,928		$	14.30
Granted	68,607		25.56
Vested	(285,357	)	14.05
Forfeited	(14,591	)	14.93

Outstanding as of January 30, 2016	352,587		$	16.67

In March 2015, the Company granted 16,823 RSUs to two employees. The RSUs had performance vesting criteria which were based upon the closing price of the Company’s stock achieving certain thresholds. The shares vest 25% upon achieving a closing stock price for a 20 consecutive day period of $27.00; $29.25; $31.50; and $33.50, respectively. The awards expire three years from the date of grant. On the date of grant, the Company expensed $331,000 which was the estimated fair market value. None of the thresholds were achieved in 2015.

In March 2014, the Company granted 25,263 RSUs to one employee. The RSUs had performance vesting criteria which were based upon the closing price of the Company’s stock achieving certain thresholds. The shares vested 25% upon achieving a closing stock price for a 20 consecutive day period of $19; $21; $23; and $25, respectively. The award expires three years from the date of grant. On the date of grant, the Company expensed $331,000 which was the estimated fair market value. The first three thresholds were achieved in 2014, resulting in the vesting of 18,948 shares, and in 2015, the remaining 6,315 shares vested.

Cash flows resulting from tax deductions in excess of the cumulative compensation cost recognized for options exercised and vesting of restricted shares (“excess tax benefits”) are classified as financing cash flows. Increase (decrease) in such excess tax benefits was $1.3 million, $0.3 million and ($0.3) million in fiscal 2015, 2014 and 2013, respectively.

Compensation expense associated with stock options is based on an estimate of the fair value of each option award on the date of grant using the Black-Scholes Merton option pricing model. Expected volatility is based on estimated future volatility of the Company’s common stock price. No compensation expense for stock options was recorded during fiscal 2015, 2014 or 2013 as the last grant vested prior to the beginning of fiscal 2013.

As of January 30, 2016, there remained outstanding 16,700 options, issued under the 2005 Plan. No options have been issued under the 2012 Plan. The Board of Directors determined the exercise prices of the option grants. Option grants generally vested in equal installments over four years from the date of grant for employees and over one to three years for directors and were generally exercisable up to ten years from the date of grant. The exercise price of stock options may be satisfied through net share settlements. If not exercised, all options will expire during fiscal year 2016. A summary of the status of stock options under the Company’s stock option plans and changes during fiscal 2015 is presented in the table below:

	2015
					Weighted Average
			Weighted Average		Remaining	Aggregate
			Exercise		Contractual	Intrinsic
	Options		Price		Term (Years)	Value

Outstanding as of January 31, 2015	25,250		$	34.38	1.0	$	44,450
Granted	—		—		—	—
Exercised	(5,000	)	14.00		0.1	61,012
Net shares settled	—		—		—	—
Forfeited	(3,550	)	31.54		1.0	—


Outstanding as of January 30, 2016	16,700		$	41.09	0.3	$	—


Vested as of January 30, 2016	16,700		$	41.09	0.3	$	—


Exercisable as of January 30, 2016	16,700		$	41.09	0.3	$	—

As of January 30, 2016, the range of exercise prices was $38.40 to $44.03. As of January 31, 2015 and February 1, 2014, the range of exercise prices was $14.00 to $44.03.

Cash received from options exercised totaled $70,000 in fiscal 2015, $28,000 in fiscal 2014 and $54,000 in fiscal 2013. The intrinsic value of the options exercised in fiscal 2015 and 2014 was $61,000 and $19,000, respectively.

Unaudited Quarterly Results of Operations

12 Months Ended

Jan. 30, 2016

Unaudited Quarterly Results of Operations

Unaudited Quarterly Results of Operations

(11)Unaudited Quarterly Results of Operations

	Quarter Ended
	Jan. 30			Oct. 31			Aug. 1			May 2			Jan. 31			Nov. 1			Aug. 2			May 3
	2016			2015			2015			2015			2015			2014			2014			2014
	(in thousands, except per share and share amounts)
Statement of Operations Data:
Net sales	$	176,063		$	158,937		$	153,878		$	194,913		$	181,143		$	156,694		$	144,987		$	188,016

Cost of sales (exclusive of depreciation shown separately below)	(108,526		)	(97,565		)	(93,179		)	(117,509		)	(113,567		)	(98,542		)	(91,540		)	(114,767		)
Selling, general and administrative expenses	(57,087		)	(55,616		)	(55,703		)	(55,812		)	(57,515		)	(56,354		)	(53,197		)	(53,975		)
Depreciation	(4,555		)	(4,589		)	(4,620		)	(4,813		)	(4,871		)	(5,038		)	(5,108		)	(5,160		)
Asset impairment				—			—			—			—			—			(83		)	—

Income (loss) from operations	5,895			1,167			376			16,779			5,190			(3,240		)	(4,941		)	14,114
Interest, net	76			—			12			9			4			(5		)	(17		)	5


Income (loss) before income taxes	5,971			1,167			388			16,788			5,194			(3,245		)	(4,958		)	14,119
Income tax (expense) benefit	(2,499		)	(553		)	(226		)	(5,509		)	(521		)	1,038			2,379			(5,040		)

Net income (loss)	$	3,472		$	614		$	162		$	11,279		$	4,673		$	(2,207	)	$	(2,579	)	$	9,079


Net income (loss) per common share:
Basic	$	0.24		$	0.04		$	0.01		$	0.75		$	0.31		$	(0.15	)	$	(0.17	)	$	0.61

Diluted	$	0.24		$	0.04		$	0.01		$	0.74		$	0.31		$	(0.15	)	$	(0.17	)	$	0.61

Weighted average shares used to compute net income (loss) per common share:
Basic	14,651,403			15,056,014			15,182,838			15,095,729			14,989,043			14,981,559			14,972,186			14,900,893

Diluted	14,722,551			15,114,572			15,203,692			15,181,337			15,128,210			14,981,559			14,972,186			14,901,530

Net income (loss) per share is computed independently for each period presented. As a result, the total of net income (loss) per share for the four quarters may not equal the annual amount.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 30, 2016

Summary of Significant Accounting Policies

Principles of Consolidation

(a) Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany transactions and balances have been eliminated in consolidation.

Fiscal Year

(b) Fiscal Year

Cash and Cash Equivalents/Concentration of Credit Risk

Inventory

(d) Inventory

Property and Equipment, net

(e) Property and Equipment, net

Impairment of Long-Lived Assets

(f) Impairment of Long-Lived Assets

Insurance Liabilities

(g) Insurance Liabilities

Stock-Based Compensation

(h) Stock-Based Compensation

Revenue Recognition

(i) Revenue Recognition

Cost of Sales

(j) Cost of Sales

Earnings per Share

(k) Earnings per Share

	2015	2014	2013
Average number of common shares outstanding	14,996,496	14,960,920	14,798,154
Incremental shares from assumed exercises of stock options	193	1,254	1,187
Incremental shares from assumed vesting of nonvested restricted stock	58,849	58,315	14,103

Average number of common shares and common stock equivalents outstanding	15,055,538	15,020,489	14,813,444

Advertising

(l) Advertising

The Company expenses advertising as incurred. Advertising expense for fiscal 2015, 2014 and 2013 was $2.6 million, $2.4 million and $2.4 million, respectively.

Operating Leases

(m) Operating Leases

Store Opening and Closing Costs

(n) Store Opening and Closing Costs

Income Taxes

(o) Income Taxes

Use of Estimates

(p) Use of Estimates

Business Reporting Segments

(q) Business Reporting Segments

	Percentage of Net Sales
	2015	2014	2013
Accessories	30%	29%	26%
Children’s	25%	26%	27%
Ladies’	24%	24%	26%
Men’s	17%	17%	18%
Home	4%	4%	3%

Recent Accounting Pronouncements

(r) Recent Accounting Pronouncements

Fair Value Measurements (Tables)

12 Months Ended

Jan. 30, 2016

Fair Value Measurements

Schedule of investment securities classified as held-to-maturity

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
Short-term:
Bank certificates of deposit (Level 2)	$	20,978	$	—	$	—		$	20,978
Obligations of states and municipalities (Level 2)	2,930		2		—			2,932
Obligations of the U. S. Treasury (Level 1)	8,763		3		(1		)	8,765

	$	32,671	$	5	$	(1	)	$	32,675

Long-term:
Obligations of the U. S. Treasury (Level 1)	$	20,002	$	33	$	(7	)	$	20,028
Bank certificates of deposit (Level 2)	10,888		—		—			10,888

	$	30,890	$	33	$	(7	)	$	30,916

As of January 31, 2015, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Short-term:
Bank certificates of deposit (Level 2)	4,996		$	—	$	—	$	4,996
Obligations of states and municipalities (Level 2)	2,074		—		—		2,074
Obligations of the U. S. Treasury (Level 1)	8,780		9		—		8,789

	$	15,850	$	9	$	—	$	15,859

Long-term:
Obligations of the U. S. Treasury (Level 1)	$	7,543	$	24	$	—	$	7,567
Bank certificates of deposit (Level 2)	14,904		—		—		14,904

	$	22,447	$	24	$	—	$	22,471

Schedule of amortized cost and fair market value of investment securities by contractual maturity

The amortized cost and fair market value of investment securities as of January 30, 2016 by contractual maturity are as follows (in thousands):

	Amortized Cost		Fair Market Value
Mature in one year or less	$	32,671	$	32,675
Mature after one year through five years	30,890		30,916

	$	63,561	$	63,591

The amortized cost and fair market value of investment securities as of January 31, 2015 by contractual maturity were as follows (in thousands):

	Amortized Cost		Fair Market Value
Mature in one year or less	$	15,850	$	15,859
Mature after one year through five years	22,447		22,471

	$	38,297	$	38,330

- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

+ References + Details

Income Taxes (Tables)

12 Months Ended

Jan. 30, 2016

Income Taxes

Schedule of income tax (benefit) expense

Income tax (expense) benefit for fiscal 2015, 2014 and 2013 consists of the following (in thousands):

	2015			2014			2013
Current:
Federal	$	(6,805	)	$	(780	)	$	(637	)
State	(1,283		)	(408		)	(301		)

Total current	(8,088		)	(1,188		)	(938		)

Deferred:
Federal	(806		)	(1,384		)	1,882
State	107			428			(190		)

Total deferred	(699		)	(956		)	1,692

Total income tax (expense) benefit	$	(8,787	)	$	(2,144	)	$	754

Schedule of the reconciliation of income tax (benefit) expense computed using the federal statutory rate to the reported income tax (benefit) expense

Income tax (expense) benefit computed using the federal statutory rate is reconciled to the reported income tax (expense) benefit as follows for fiscal 2015, 2014 and 2013 (in thousands):

	2015			2014			2013
Statutory rate applied to (income) loss before income taxes	$	(8,510	)	$	(3,889	)	$	102
State income taxes, net of federal benefit	(950		)	(364		)	9
State tax credits	186			558			144
State tax credits - valuation allowance (net of federal benefit)	—			(159		)	(359		)
Tax exempt interest	6			127			63
General business credits	978			1,502			886
Excess compensation	(263		)	—			—
Other	(234		)	81			(91		)

Income tax (expense) benefit	$	(8,787	)	$	(2,144	)	$	754

Schedule of the components of deferred tax assets and deferred tax liabilities

The components of deferred tax assets and deferred tax liabilities as of January 30, 2016 and January 31, 2015 are as follows (in thousands):

	January 30,			January 31,
	2016			2015
Deferred tax assets:
Deferred rent amortization	$	656		$	866
Inventory capitalization	2,707			2,488
Federal jobs credits	—			1,047
Book and tax depreciation differences	1,912			2,057
Vacation liability	918			859
State tax credits	2,063			1,998
Stock compensation	1,638			1,489
Legal expense reserve	513			595
Insurance liabilities	1,134			883
Other	380			398

Subtotal deferred tax assets	11,921			12,680
Less: State tax credits valuation allowance - net	(1,272		)	(1,272		)

Total deferred tax assets	10,649			11,408


Deferred tax liabilities:
Prepaid expenses	(661		)	(721		)

Total deferred tax liabilities	(661		)	(721		)

Net deferred tax asset	$	9,988		$	10,687

Stockholders' Equity (Tables)

12 Months Ended

Jan. 30, 2016

Stockholders' Equity.

Schedule of activity related to nonvested restricted stock grants

	Nonvested Restricted Shares		Weighted Average Grant Date Fair Value
Outstanding as of January 31, 2015	583,928		$	14.30
Granted	68,607		25.56
Vested	(285,357	)	14.05
Forfeited	(14,591	)	14.93

Outstanding as of January 30, 2016	352,587		$	16.67

Summary of the status of stock options under the entity's stock option plans

	2015
					Weighted Average
			Weighted Average		Remaining	Aggregate
			Exercise		Contractual	Intrinsic
	Options		Price		Term (Years)	Value

Outstanding as of January 31, 2015	25,250		$	34.38	1.0	$	44,450
Granted	—		—		—	—
Exercised	(5,000	)	14.00		0.1	61,012
Net shares settled	—		—		—	—
Forfeited	(3,550	)	31.54		1.0	—


Outstanding as of January 30, 2016	16,700		$	41.09	0.3	$	—


Vested as of January 30, 2016	16,700		$	41.09	0.3	$	—


Exercisable as of January 30, 2016	16,700		$	41.09	0.3	$	—

Unaudited Quarterly Results of Operations (Tables)

12 Months Ended

Jan. 30, 2016

Unaudited Quarterly Results of Operations

Schedule of unaudited quarterly results of operations

	Quarter Ended
	Jan. 30			Oct. 31			Aug. 1			May 2			Jan. 31			Nov. 1			Aug. 2			May 3
	2016			2015			2015			2015			2015			2014			2014			2014
	(in thousands, except per share and share amounts)
Statement of Operations Data:
Net sales	$	176,063		$	158,937		$	153,878		$	194,913		$	181,143		$	156,694		$	144,987		$	188,016

Cost of sales (exclusive of depreciation shown separately below)	(108,526		)	(97,565		)	(93,179		)	(117,509		)	(113,567		)	(98,542		)	(91,540		)	(114,767		)
Selling, general and administrative expenses	(57,087		)	(55,616		)	(55,703		)	(55,812		)	(57,515		)	(56,354		)	(53,197		)	(53,975		)
Depreciation	(4,555		)	(4,589		)	(4,620		)	(4,813		)	(4,871		)	(5,038		)	(5,108		)	(5,160		)
Asset impairment				—			—			—			—			—			(83		)	—

Income (loss) from operations	5,895			1,167			376			16,779			5,190			(3,240		)	(4,941		)	14,114
Interest, net	76			—			12			9			4			(5		)	(17		)	5


Income (loss) before income taxes	5,971			1,167			388			16,788			5,194			(3,245		)	(4,958		)	14,119
Income tax (expense) benefit	(2,499		)	(553		)	(226		)	(5,509		)	(521		)	1,038			2,379			(5,040		)

Net income (loss)	$	3,472		$	614		$	162		$	11,279		$	4,673		$	(2,207	)	$	(2,579	)	$	9,079


Net income (loss) per common share:
Basic	$	0.24		$	0.04		$	0.01		$	0.75		$	0.31		$	(0.15	)	$	(0.17	)	$	0.61

Diluted	$	0.24		$	0.04		$	0.01		$	0.74		$	0.31		$	(0.15	)	$	(0.17	)	$	0.61

Weighted average shares used to compute net income (loss) per common share:
Basic	14,651,403			15,056,014			15,182,838			15,095,729			14,989,043			14,981,559			14,972,186			14,900,893

Diluted	14,722,551			15,114,572			15,203,692			15,181,337			15,128,210			14,981,559			14,972,186			14,901,530

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Amortized Cost
Mature in one year or less	$ 32,671	$ 15,850
Mature after one year through five years	30,890	22,447
Total	63,561	38,297
Fair Market Value
Mature in one year or less	32,675	15,859
Mature after one year through five years	30,916	22,471
Total Fair Market Value	63,591	38,330
Changes among the fair value levels
Changes between Level 1 to Level 2, Assets	0	0	$ 0
Changes between Level 2 to Level 1, Assets	0	0	0
Changes between Level 1 to Level 2, Liabilities	0	0	0
Changes between Level 2 to Level 1, Liabilities	$ 0	$ 0	$ 0

Revolving Line of Credit (Details) - Line of Credit $ in Millions			12 Months Ended
	Aug. 18, 2015 USD ($)	Oct. 27, 2011 USD ($)	Jan. 30, 2016 USD ($) item
Revolving Line of Credit
Term of credit facility		5 years
Maximum borrowing capacity		$ 50
Number of covenants \| item			1
Unused commitment fee (as a percent)			0.25%
Amount of outstanding borrowings prior to cash dividend payment within specified period, per covenant			$ 0
Period prior to cash dividend payment when no borrowings may be outstanding, per covenant			30 days
Amount of expected borrowings subsequent to cash dividend payment within specified period, per covenant			$ 0
Period subsequent to cash dividend payment when no borrowings may be expected, per covenant			30 days
Borrowings outstanding			$ 0
Amendment to credit facility
Revolving Line of Credit
Maximum borrowing capacity	$ 50
Borrowing capacity, accordion feature	25
Maximum borrowing capacity including accordion expansion	$ 75
Amendment to credit facility \| Debt Instrument, Variable Rate Base LIBOR \| LIBOR Rate Loans \| Minimum \| LIBOR
Revolving Line of Credit
Margin added to variable rate (as a percent)	1.25%
Amendment to credit facility \| Debt Instrument, Variable Rate Base LIBOR \| LIBOR Rate Loans \| Maximum \| LIBOR
Revolving Line of Credit
Margin added to variable rate (as a percent)	1.50%
Amendment to credit facility \| Debt Instrument Variable Rate Prime Rate \| Base Rate Loans \| Minimum \| Prime Rate
Revolving Line of Credit
Margin added to variable rate (as a percent)	0.25%
Amendment to credit facility \| Debt Instrument Variable Rate Prime Rate \| Base Rate Loans \| Maximum \| Prime Rate
Revolving Line of Credit
Margin added to variable rate (as a percent)	0.50%
Amendment to credit facility \| Debt Instrument, Variable Rate Base Federal Funds Rate \| Base Rate Loans \| Minimum \| Federal Fund Rate
Revolving Line of Credit
Margin added to variable rate (as a percent)	0.75%
Amendment to credit facility \| Debt Instrument, Variable Rate Base Federal Funds Rate \| Base Rate Loans \| Maximum \| Federal Fund Rate
Revolving Line of Credit
Margin added to variable rate (as a percent)	1.00%

Income Taxes (Details)	3 Months Ended								12 Months Ended
Income Taxes (Details)	Jan. 30, 2016 USD ($)	Oct. 31, 2015 USD ($)	Aug. 01, 2015 USD ($)	May 02, 2015 USD ($)	Jan. 31, 2015 USD ($)	Nov. 01, 2014 USD ($)	Aug. 02, 2014 USD ($)	May 03, 2014 USD ($)	Jan. 30, 2016 USD ($) item	Jan. 31, 2015 USD ($)	Feb. 01, 2014 USD ($)	Jan. 28, 2012 USD ($)
Current:
Federal									$ 6,805,000	$ 780,000	$ 637,000
State									1,283,000	408,000	301,000
Total current									8,088,000	1,188,000	938,000
Deferred:
Federal									(806,000)	(1,384,000)	1,882,000
State									107,000	428,000	(190,000)
Total deferred									(699,000)	(956,000)	1,692,000
Total income tax (expense) benefit	$ (2,499,000)	$ (553,000)	$ (226,000)	$ (5,509,000)	$ (521,000)	$ 1,038,000	$ 2,379,000	$ (5,040,000)	(8,787,000)	(2,144,000)	754,000
Reconciliation of income tax (benefit) expense computed using the federal statutory rate to the reported income tax (benefit) expense
Statutory rate applied to (income) loss before income taxes									(8,510,000)	(3,889,000)	102,000
State income taxes, net of federal benefit									(950,000)	(364,000)	9,000
State tax credits									186,000	558,000	144,000
State tax credits - valuation allowance (net of federal benefit)										(159,000)	(359,000)
Tax exempt interest									6,000	127,000	63,000
General business credits									978,000	1,502,000	886,000
Other									(234,000)	81,000	(91,000)
Total income tax (expense) benefit	(2,499,000)	$ (553,000)	$ (226,000)	$ (5,509,000)	(521,000)	$ 1,038,000	$ 2,379,000	$ (5,040,000)	(8,787,000)	(2,144,000)	754,000
Deferred tax assets:
Deferred rent amortization	656,000				866,000				656,000	866,000
Inventory capitalization	2,707,000				2,488,000				2,707,000	2,488,000
Federal jobs credits					1,047,000					1,047,000
Book and tax depreciation differences	1,912,000				2,057,000				1,912,000	2,057,000
Vacation liability	918,000				859,000				918,000	859,000
State tax credits	2,063,000				1,998,000				2,063,000	1,998,000
Stock compensation	1,638,000				1,489,000				1,638,000	1,489,000
Legal expense reserve	513,000				595,000				513,000	595,000
Insurance liabilities	1,134,000				883,000				1,134,000	883,000
Other	380,000				398,000				380,000	398,000
Subtotal deferred tax assets	11,921,000				12,680,000				11,921,000	12,680,000
Less: State tax credits valuation allowance - net	(1,272,000)				(1,272,000)				(1,272,000)	(1,272,000)
Total deferred tax assets	10,649,000				11,408,000				10,649,000	11,408,000
Deferred tax liabilities:
Prepaid expenses	(661,000)				(721,000)				(661,000)	(721,000)
Total deferred tax liabilities	(661,000)				(721,000)				(661,000)	(721,000)
Net deferred tax asset	9,988,000				$ 10,687,000				9,988,000	10,687,000
Benefits not recognized due to uncertainty	$ 0								$ 0
Number of states in which ability to utilize tax credits is no longer more likely than not \| item									1
Increase in valuation allowance										100,000	400,000	$ 800,000
Credits carry back period									2 years
Credits carry forward period									20 years
Income tax benefit related to federal and state tax credits									$ 1,200,000	$ 2,100,000	$ 1,000,000

Stockholders' Equity (Details)					1 Months Ended		12 Months Ended
Stockholders' Equity (Details)	Mar. 15, 2016 $ / shares	Feb. 09, 2016 $ / shares	Sep. 15, 2015 $ / shares	Aug. 18, 2015 USD ($) $ / shares	Mar. 31, 2014 USD ($) item $ / shares shares	Mar. 31, 2013 USD ($) item $ / shares shares	Jan. 30, 2016 USD ($) $ / shares shares	Jan. 31, 2015 USD ($) $ / shares shares	Feb. 01, 2014 USD ($)
Stockholders' Equity
Aggregate value of stock repurchases that cause program to expire \| $				$ 15,000,000
Cash dividend declared per share \| $ / shares		$ 0.06		$ 0.06
Cash dividend paid per share \| $ / shares	$ 0.06		$ 0.06
Weighted Average Grant Date Fair Value
(Decrease) increase in excess tax benefits (in dollars) \| $							$ 1,312,000	$ 342,000	$ (305,000)
Restricted Stock
Stockholders' Equity
Estimated forfeiture rate (as a percent)							4.10%
Future compensation expense to be recognized (in dollars) \| $							$ 2,600,000
Period for recognition of future compensation expense over the requisite service period							4 years
Compensation expense (in dollars) \| $							$ 4,100,000	$ 4,000,000	3,400,000
Nonvested Restricted Shares
Outstanding at the beginning of the period (in shares)							583,928
Granted (in shares)							68,607
Vested (in shares)							(285,357)
Forfeited (in shares)							(14,591)
Outstanding at the end of the period (in shares)							352,587	583,928
Weighted Average Grant Date Fair Value
Outstanding at the beginning of the period (in dollars per share) \| $ / shares							$ 14.30
Granted (in dollars per share) \| $ / shares							25.56
Vested (in dollars per share) \| $ / shares							14.05
Forfeited (in dollars per share) \| $ / shares							14.93
Outstanding at the end of the period (in dollars per share) \| $ / shares							$ 16.67	$ 14.30
(Decrease) increase in excess tax benefits (in dollars) \| $							$ 1,300,000	$ 300,000	(300,000)
Restricted Stock \| Director [Member]
Stockholders' Equity
Vesting period							1 year
Restricted Stock Units RSU that Vest Equally on Four Anniversaries from Date of Grant
Stockholders' Equity
Vesting period							4 years
Restricted Stock Units RSU That Vest Over Three Anniversaries from Date of Grant
Stockholders' Equity
Vesting period							3 years
First vesting year from the anniversary of the date of grant								1 year
Second vesting year from the anniversary of the date of grant								2 years
Third vesting year from anniversary of the date of grant								3 years
Rate at which nonvested restricted stock vests on the first and second anniversaries (as a percent)							25.00%
Rate at which nonvested restricted stock vests on the third anniversary (as a percent)							50.00%
RSU
Stockholders' Equity
Vesting period					3 days	3 years
Compensation expense (in dollars) \| $					$ 331,000	$ 331,000
Nonvested Restricted Shares
Granted (in shares)					25,263	16,823
Vested (in shares)								(18,948)
Outstanding at the end of the period (in shares)							6,315
Weighted Average Grant Date Fair Value
Number of employees to whom awards are granted \| item					1	2
Percentage of vesting upon achieving closing stock price for a 20 consecutive day period					25.00%	25.00%
Consecutive period for which closing stock price should be achieved to vest shares					20 days	20 days
Target price for vesting of shares, one (in dollars per share) \| $ / shares					$ 19	$ 27.00
Target price for vesting of shares, two (in dollars per share) \| $ / shares					21	29.25
Target price for vesting of shares, three (in dollars per share) \| $ / shares					23	31.50
Target price for vesting of shares, four (in dollars per share) \| $ / shares					$ 25	$ 33.50
Stock options
Stockholders' Equity
Compensation expense (in dollars) \| $							$ 0	$ 0	$ 0
Weighted Average Grant Date Fair Value
Awards outstanding (in shares)							16,700	25,250
Award exercisable period from the date of grant							10 years
Stock options \| Citi Trends Inc Long Term Incentive Plan 2005 [Member]
Weighted Average Grant Date Fair Value
Awards outstanding (in shares)							16,700
Stock options \| Citi Trends, Inc 2012 Incentive Plan [Member]
Weighted Average Grant Date Fair Value
Issued (in shares)							0
Stock options \| Employee [Member]
Stockholders' Equity
Vesting period							4 years
Stock options \| Director [Member] \| Minimum
Stockholders' Equity
Vesting period							1 year
Stock options \| Director [Member] \| Maximum
Stockholders' Equity
Vesting period							3 years
Stock Repurchase Program
Stockholders' Equity
Stock Repurchased During Period Shares							667,438
Stock Repurchase Program \| Maximum
Stockholders' Equity
Stock Repurchase Program, Authorized Amount \| $				$ 15,000

Stockholders' Equity (Details 2) - Stock options - USD ($)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Options
Outstanding at the beginning of period (in shares)	25,250
Exercised (in shares)	(5,000)
Forfeited (in shares)	(3,550)
Outstanding at the end of the period (in shares)	16,700	25,250
Vested at the end of the period (in shares)	16,700
Exercisable at the end of the period (in shares)	16,700
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 34.38
Exercised (in dollars per share)	14.00
Forfeited (in dollars per share)	31.54
Outstanding at the end of the period (in dollars per share)	41.09	$ 34.38
Vested at the end of the period (in dollars per share)	41.09
Exercisable at the end of the period (in dollars per share)	$ 41.09
Weighted Average Remaining Contractual Term
Outstanding at the beginning of the period	3 months 18 days	1 year
Exercised	1 month 6 days
Forfeited	1 year
Outstanding at the end of the period	3 months 18 days	1 year
Vested at the end of the period	3 months 18 days
Exercisable at the end of the period	3 months 18 days
Aggregate Intrinsic Value
Outstanding at the end of the period (in dollars)		$ 44,450
Intrinsic value of awards exercised (in dollars)	$ 61,012	$ 19,000
Exercise price, low end of range (in dollars per share)	$ 38.40	$ 14.00	$ 14.00
Exercise price, high end of range (in dollars per share)	$ 44.03	$ 44.03	$ 44.03
Cash received from awards exercised (in dollars)	$ 70,000	$ 28,000	$ 54,000

Commitments and Contingencies (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 19, 2015	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Commitments and Contingencies
Initial term			5 years
Future minimum rent payments under operating leases
2016		$ 39,867
2017		32,013
2018		25,753
2019		19,323
2020		10,266
Thereafter		5,346
Total future minimum lease payments		132,568
Rent expense		47,100	$ 44,400	$ 42,100
Rent expense as a percentage of net sales		500	$ 600	$ 500
Equal Employment Opportunity Commission
Commitments and Contingencies
Amount of reversion of unclaimed funds		0
Equal Employment Opportunity Commission \| Class of Unidentified Males
Commitments and Contingencies
Amount of settlement proposed by the Company		$ 1,000
Counter offer for settlement proposed	$ 1,000
Length of proposed reporting obligation to E.E.O.C. (in years)	2 years

Unaudited Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 30, 2016	Oct. 31, 2015	Aug. 01, 2015	May 02, 2015	Jan. 31, 2015	Nov. 01, 2014	Aug. 02, 2014	May 03, 2014	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Statement of Income Data:
Net sales	$ 176,063	$ 158,937	$ 153,878	$ 194,913	$ 181,143	$ 156,694	$ 144,987	$ 188,016	$ 683,791	$ 670,840	$ 622,204
Cost of sales (exclusive of depreciation shown separately below)	(108,526)	(97,565)	(93,179)	(117,509)	(113,567)	(98,542)	(91,540)	(114,767)	(416,779)	(418,416)	(394,445)
Selling, general and administrative expenses	(57,087)	(55,616)	(55,703)	(55,812)	(57,515)	(56,354)	(53,197)	(53,975)	(224,218)	(221,041)	(206,146)
Depreciation	(4,555)	(4,589)	(4,620)	(4,813)	(4,871)	(5,038)	(5,108)	(5,160)	(18,577)	(20,177)	(21,974)
Asset impairment							(83)			(83)	(1,542)
Income (loss) from operations	5,895	1,167	376	16,779	5,190	(3,240)	(4,941)	14,114	24,217	11,123	(377)
Interest, net	76		12	9	4	(5)	(17)	5
Income (loss) before income taxes	5,971	1,167	388	16,788	5,194	(3,245)	(4,958)	14,119	24,314	11,110	(290)
Income tax (expense) benefit	(2,499)	(553)	(226)	(5,509)	(521)	1,038	2,379	(5,040)	(8,787)	(2,144)	754
Net income	$ 3,472	$ 614	$ 162	$ 11,279	$ 4,673	$ (2,207)	$ (2,579)	$ 9,079	$ 15,527	$ 8,966	$ 464
Net income (loss) per common share:
Basic (in dollars per share)	$ 0.24	$ 0.04	$ 0.01	$ 0.75	$ 0.31	$ (0.15)	$ (0.17)	$ 0.61	$ 1.04	$ 0.60	$ 0.03
Diluted (in dollars per share)	$ 0.24	$ 0.04	$ 0.01	$ 0.74	$ 0.31	$ (0.15)	$ (0.17)	$ 0.61	$ 1.03	$ 0.60	$ 0.03
Weighted average shares used to compute net income (loss) per common share:
Basic	14,651,403	15,056,014	15,182,838	15,095,729	14,989,043	14,981,559	14,972,186	14,900,893	14,996,496	14,960,920	14,798,154
Diluted	14,722,551	15,114,572	15,203,692	15,181,337	15,128,210	14,981,559	14,972,186	14,901,530	15,055,538	15,020,489	14,813,444

Organization and Business	12 Months Ended
Organization and Business	Jan. 30, 2016
Organization and Business
Organization and Business	(1)Organization and Business Citi Trends, Inc. and its subsidiary (the “Company”) operate as an off-price retailer of urban fashion apparel and accessories for the entire family. As of January 30, 2016, the Company operated 521 stores in 31 states.

Organization and Business (Details)	Jan. 30, 2016 item
Organization and Business
Number of stores operated	521
Number of states in which company operates	31

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Impairment of long lived assets
Non-cash impairment expense related to leasehold improvements and fixtures and equipment	$ 0	$ 100,000	$ 1,500,000
Insurance Liabilities
Self-insured retention or deductible amount per claim for workers' compensation	250,000
Self-insured retention or deductible amount per claim for employee medical	$ 65,000
Computer Equipment \| Minimum
Property and Equipment, net
Estimated useful lives	3 years
Computer Equipment \| Maximum
Property and Equipment, net
Estimated useful lives	5 years
Furniture and Fixtures \| Minimum
Property and Equipment, net
Estimated useful lives	3 years
Furniture and Fixtures \| Maximum
Property and Equipment, net
Estimated useful lives	5 years
Leasehold Improvements
Property and Equipment, net
Estimated useful lives	5 years
Purchased software systems
Property and Equipment, net
Estimated useful lives	7 years
Building and Building Improvements \| Minimum
Property and Equipment, net
Estimated useful lives	15 years
Building and Building Improvements \| Maximum
Property and Equipment, net
Estimated useful lives	20 years

Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Millions	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Revenue Recognition
Maximum period allowed to customers to return merchandise after the date of sale	30 days
Period after the year end for entity to reduce revenue for each fiscal year using a combination of actual and estimated return information for the returns	30 days
Provision for sales return	$ 0.1	$ 0.2
Period within which if merchandise is not fully paid for, the customer is given a store credit for merchandise payments made	60 days
Amount amortized into income for gift cards not expected to be redeemed	$ 0.0
Immateriality of the gift card liability	0.6	0.6
Cost of Sales
Distribution center costs	$ 15.7	$ 14.2	$ 13.2

Summary of Significant Accounting Policies (Details 4) - item	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Business Reporting Segments
Number of reporting units	1
Children's
Merchandise assortment by classification as a percentage of net sales
Concentration risk (as a percent)	25.00%	26.00%	27.00%
Ladies'
Merchandise assortment by classification as a percentage of net sales
Concentration risk (as a percent)	24.00%	24.00%	26.00%
Accessories
Merchandise assortment by classification as a percentage of net sales
Concentration risk (as a percent)	30.00%	29.00%	26.00%
Men's
Merchandise assortment by classification as a percentage of net sales
Concentration risk (as a percent)	17.00%	17.00%	18.00%
Home
Merchandise assortment by classification as a percentage of net sales
Concentration risk (as a percent)	4.00%	4.00%	3.00%

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 30, 2016	Jan. 31, 2015
Consolidated Balance Sheets
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, Authorized shares	32,000,000	32,000,000
Common stock, shares issued	15,707,859	15,743,617
Common stock, shares outstanding	14,874,671	15,577,867
Treasury stock, shares	833,188	165,750

Summary of Significant Accounting Policies (Details 5) - USD ($) $ in Millions	Jan. 30, 2016	Jan. 31, 2015
Pro Forma \| Pro Forma effect of New Accounting Pronouncement ASU 2015-17 not yet adapted
Reclassification of deferred tax assets from current deferred tax assets to noncurrent deferred tax assets	$ 4.8	$ 4.4

Property and Equipment, net (Details) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Property and Equipment, net
Property and equipment, gross	$ 249,916	$ 229,078
Accumulated depreciation	(199,284)	(181,475)
Property and Equipment, net	50,632	47,603
Land
Property and Equipment, net
Property and equipment, gross	246	246
Building
Property and Equipment, net
Property and equipment, gross	23,771	23,728
Leasehold Improvements
Property and Equipment, net
Property and equipment, gross	81,705	76,270
Furniture and Fixtures
Property and Equipment, net
Property and equipment, gross	109,865	100,712
Computer Equipment
Property and Equipment, net
Property and equipment, gross	30,706	26,217
Construction in Progress
Property and Equipment, net
Property and equipment, gross	$ 3,623	$ 1,905

Fair Value Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
Fair Value Measurements (Details) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Investment securities classified as held to maturity
Amortized Cost	$ 63,561	$ 38,297
Total Fair Market Value	63,591	38,330
Short-term Investments
Investment securities classified as held to maturity
Amortized Cost	32,671	15,850
Gross Unrealized Gains	5	9
Gross Unrealized Losses	1
Total Fair Market Value	32,675	15,859
Short-term Investments \| Obligations of the U.S. Treasury \| Fair Value, Inputs, Level 1
Investment securities classified as held to maturity
Amortized Cost	8,763	8,780
Gross Unrealized Gains	3	9
Gross Unrealized Losses	1
Total Fair Market Value	8,765	8,789
Short-term Investments \| Obligations of states and municipalities \| Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	2,930	2,074
Gross Unrealized Gains	2
Total Fair Market Value	2,932	2,074
Short-term Investments \| Bank certificates of deposit \| Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	20,978	4,996
Total Fair Market Value	20,978	4,996
Long Term Investments
Investment securities classified as held to maturity
Amortized Cost	30,890	22,447
Gross Unrealized Gains	33	24
Gross Unrealized Losses	7
Total Fair Market Value	30,916	22,471
Long Term Investments \| Obligations of the U.S. Treasury \| Fair Value, Inputs, Level 1
Investment securities classified as held to maturity
Amortized Cost	20,002	7,543
Gross Unrealized Gains	33	24
Gross Unrealized Losses	7
Total Fair Market Value	20,028	7,567
Long Term Investments \| Bank certificates of deposit \| Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	10,888	14,904
Total Fair Market Value	$ 10,888	$ 14,904

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jan. 30, 2016	Jan. 31, 2015
Other Long-Term Liabilities
Deferred rent	$ 1,204	$ 1,209
Tenant improvement allowances	3,321	2,490
Other	2,091	2,050
Other long-term liabilities total	$ 6,616	$ 5,749