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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Aug. 03, 2019	Aug. 19, 2019
Document and Entity Information
Entity Registrant Name	Citi Trends Inc
Entity Central Index Key	0001318484
Document Type	10-Q
Document Period End Date	Aug. 03, 2019
Amendment Flag	false
Current Fiscal Year End Date	--02-01
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,910,406
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019
Current assets:
Cash and cash equivalents	$ 27,425	$ 17,863
Short-term investment securities	37,776	50,350
Inventory	132,050	139,841
Prepaid and other current assets	15,621	17,544
Income tax receivable	2,098
Total current assets	214,970	225,598
Property and equipment, net of accumulated depreciation of $253,708 and $245,958 as of August 3, 2019 and February 2, 2019, respectively	54,843	56,224
Operating lease right of use assets	$ 152,932
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Operating lease right of use assets
Long-term investment securities	$ 16,976	8,883
Deferred tax asset	7,150	6,539
Other assets	777	745
Total assets	447,648	297,989
Current liabilities:
Accounts payable	71,303	73,391
Operating lease liabilities	$ 41,976
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Operating lease liabilities
Accrued expenses	$ 14,070	15,311
Accrued compensation	11,257	12,746
Income tax payable		395
Layaway deposits	1,671	526
Total current liabilities	140,277	102,369
Noncurrent operating lease liabilities	$ 118,102
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OperatingLeaseLiabilityNoncurrent
Other long-term liabilities	$ 1,869	8,195
Total liabilities	260,248	110,564
Stockholders' equity:
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,855,281 shares issued as of August 3, 2019 and 15,827,713 shares issued as of February 2, 2019; 11,913,205 shares outstanding as of August 3, 2019 and 12,158,237 shares outstanding as of February 2, 2019	157	157
Paid in capital	92,120	91,794
Retained earnings	180,287	176,094
Treasury stock, at cost; 3,942,076 shares held as of August 3, 2019 and 3,669,476 shares held as of February 2, 2019	(85,164)	(80,620)
Total stockholders' equity	187,400	187,425
Commitments and contingencies (note 10)
Total liabilities and stockholders' equity	$ 447,648	$ 297,989

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Aug. 03, 2019	Feb. 02, 2019
Condensed Consolidated Balance Sheets
Accumulated depreciation	$ 253,708	$ 245,958
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	15,855,281	15,827,713
Common stock, shares outstanding	11,913,205	12,158,237
Treasury stock, shares	3,942,076	3,669,476

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Condensed Consolidated Statements of Operations
Net sales	$ 182,830	$ 181,999	$ 387,862	$ 393,031
Revenue, Product and Service [Extensible List]	Net sales	Net sales	Net sales	Net sales
Cost of sales (exclusive of depreciation shown separately below)	$ (114,612)	$ (110,398)	$ (242,850)	$ (239,811)
Selling, general and administrative expenses	(62,989)	(62,285)	(126,436)	(125,290)
Depreciation	(4,607)	(4,676)	(9,221)	(9,650)
Asset impairment	(472)	(942)	(472)	(942)
Income from operations	150	3,698	8,883	17,338
Interest income	414	363	793	658
Interest expense	(40)	(38)	(78)	(75)
Income before income taxes	524	4,023	9,598	17,921
Income tax expense	(147)	(788)	(1,433)	(3,389)
Net income	$ 377	$ 3,235	$ 8,165	$ 14,532
Basic net income per common share	$ 0.03	$ 0.24	$ 0.68	$ 1.08
Diluted net income per common share	$ 0.03	$ 0.24	$ 0.68	$ 1.08
Weighted average number of shares outstanding
Basic	11,881,896	13,314,470	11,929,019	13,446,285
Diluted	11,881,896	13,351,321	11,944,101	13,491,294

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Operating activities:
Net income	$ 8,165	$ 14,532
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	9,221	9,650
Amortization of operating lease right-of-use assets	23,041
Asset impairment	472	942
Loss on disposal of property and equipment	22	50
Deferred income taxes	88	(608)
Insurance proceeds related to operating activities	1,012	475
Noncash stock-based compensation expense	1,054	1,130
Changes in assets and liabilities:
Inventory	7,424	(1,290)
Prepaid and other current assets	(2,808)	(2,292)
Other assets	(32)
Accounts payable	(2,190)	(3,899)
Accrued expenses and other long-term liabilities	(22,566)	229
Accrued compensation	(1,489)	(4,192)
Income tax payable/receivable	(2,493)	(1,617)
Layaway deposits	1,145	1,174
Net cash provided by operating activities	20,066	14,284
Investing activities:
Sales/redemptions of investment securities	29,554	24,139
Purchases of investment securities	(25,073)	(16,217)
Purchases of property and equipment	(8,374)	(5,715)
Insurance proceeds related to investing activities	573	195
Net cash (used in) provided by investing activities	(3,320)	2,402
Financing activities:
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	(728)	(1,005)
Dividends paid to stockholders	(1,912)	(2,166)
Repurchase of common stock	(4,544)	(20,974)
Net cash used in financing activities	(7,184)	(24,145)
Net increase (decrease) in cash and cash equivalents	9,562	(7,459)
Cash and cash equivalents:
Beginning of period	17,863	48,451
End of period	27,425	40,992
Supplemental disclosures of cash flow information:
Cash paid for interest	62	63
Cash payments of income taxes	3,838	5,614
Supplemental disclosures of noncash investing activities:
Accrual for purchases of property and equipment	$ 343	$ 499

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Paid in Capital	Retained Earnings	Treasury Stock	Total
Balances at Feb. 03, 2018	$ 156	$ 90,605	$ 158,927	$ (40,220)	$ 209,468
Balances (in shares) at Feb. 03, 2018	15,777,946			2,034,170
Increase (Decrease) in Stockholders' Equity
Vesting of nonvested restricted stock units	$ 1				1
Vesting of nonvested restricted stock units (in shares)	10,663
Issuance of nonvested shares to employees and directors under incentive plan (in shares)	65,663
Stock-based compensation expense		584			584
Net share settlement of nonvested shares and restricted stock units		(982)			(982)
Net share settlement of nonvested shares and restricted stock units (in shares)	(38,421)
Repurchase of common stock				$ (2,672)	(2,672)
Repurchase of common stock (in shares)				85,537
Dividends paid to stockholders			(1,085)		(1,085)
Net income			11,297		11,297
Balances at May. 05, 2018	$ 157	90,207	169,139	$ (42,892)	216,611
Balances (in shares) at May. 05, 2018	15,815,851			2,119,707
Balances at Feb. 03, 2018	$ 156	90,605	158,927	$ (40,220)	209,468
Balances (in shares) at Feb. 03, 2018	15,777,946			2,034,170
Increase (Decrease) in Stockholders' Equity
Net income					14,532
Balances at Aug. 04, 2018	$ 157	90,729	171,293	$ (61,194)	200,985
Balances (in shares) at Aug. 04, 2018	15,829,380			2,764,982
Balances at May. 05, 2018	$ 157	90,207	169,139	$ (42,892)	216,611
Balances (in shares) at May. 05, 2018	15,815,851			2,119,707
Increase (Decrease) in Stockholders' Equity
Issuance of nonvested shares to employees and directors under incentive plan (in shares)	14,382
Stock-based compensation expense		547			547
Net share settlement of nonvested shares and restricted stock units		(25)			(25)
Net share settlement of nonvested shares and restricted stock units (in shares)	(853)
Repurchase of common stock				$ (18,302)	(18,302)
Repurchase of common stock (in shares)				645,275
Dividends paid to stockholders			(1,081)		(1,081)
Net income			3,235		3,235
Balances at Aug. 04, 2018	$ 157	90,729	171,293	$ (61,194)	200,985
Balances (in shares) at Aug. 04, 2018	15,829,380			2,764,982
Balances at Feb. 02, 2019	$ 157	91,794	176,094	$ (80,620)	$ 187,425
Balances (in shares) at Feb. 02, 2019	15,827,713			3,669,476	15,827,713
Increase (Decrease) in Stockholders' Equity
Vesting of nonvested restricted stock units	$ 1				$ 1
Issuance of nonvested shares to employees and directors under incentive plan (in shares)	57,133
Stock-based compensation expense		706			706
Net share settlement of nonvested shares and restricted stock units	$ (1)	(712)			(713)
Net share settlement of nonvested shares and restricted stock units (in shares)	(36,237)
Repurchase of common stock				$ (1,640)	(1,640)
Repurchase of common stock (in shares)				82,312
Dividends paid to stockholders			(958)		(958)
Net income			7,788		7,788
Balances at May. 04, 2019	$ 157	91,788	180,864	$ (82,260)	190,549
Balances (in shares) at May. 04, 2019	15,848,609			3,751,788
Balances at Feb. 02, 2019	$ 157	91,794	176,094	$ (80,620)	$ 187,425
Balances (in shares) at Feb. 02, 2019	15,827,713			3,669,476	15,827,713
Increase (Decrease) in Stockholders' Equity
Net income					$ 8,165
Balances at Aug. 03, 2019	$ 157	92,120	180,287	$ (85,164)	$ 187,400
Balances (in shares) at Aug. 03, 2019	15,855,281			3,942,076	15,855,281
Increase (Decrease) in Stockholders' Equity
Adoption of lease accounting standard (see Note 12)			(2,060)		$ (2,060)
Balances at May. 04, 2019	$ 157	91,788	180,864	$ (82,260)	190,549
Balances (in shares) at May. 04, 2019	15,848,609			3,751,788
Increase (Decrease) in Stockholders' Equity
Issuance of nonvested shares to employees and directors under incentive plan (in shares)	27,478
Forfeiture of nonvested shares by employees and directors (in shares)	(19,969)
Stock-based compensation expense		348			348
Net share settlement of nonvested shares and restricted stock units		(16)			(16)
Net share settlement of nonvested shares and restricted stock units (in shares)	(837)
Repurchase of common stock				$ (2,904)	(2,904)
Repurchase of common stock (in shares)				190,288
Dividends paid to stockholders			(954)		(954)
Net income			377		377
Balances at Aug. 03, 2019	$ 157	$ 92,120	$ 180,287	$ (85,164)	$ 187,400
Balances (in shares) at Aug. 03, 2019	15,855,281			3,942,076	15,855,281

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Aug. 03, 2019	May 04, 2019	Aug. 04, 2018	May 05, 2018
Consolidated Statements of Stockholders' Equity
Dividends paid to stockholders	$ 0.08	$ 0.08	$ 0.08	$ 0.08

Basis of Presentation	6 Months Ended
Basis of Presentation	Aug. 03, 2019
Basis of Presentation
Basis of Presentation	1. Basis of Presentation Citi Trends, Inc. and its subsidiary (the “Company”) operate as a value-priced retailer of urban fashion apparel and accessories for the entire family. As of August 3, 2019, the Company operated 562 stores in 32 states. The condensed consolidated financial statements and notes thereto have been prepared by the Company without audit. The condensed consolidated balance sheet as of February 2, 2019 has been derived from the audited financial statements as of that date, but does not include all required year-end disclosures. In the opinion of management, such statements include all adjustments considered necessary for fair financial statement presentation. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s latest Annual Report on Form 10-K for the year ended February 2, 2019. The accompanying unaudited condensed consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. Operating results for the twenty-six weeks ended August 3, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending February 1, 2020. The following contains references to fiscal years 2019 and 2018, which represent fiscal years ending or ended on February 1, 2020 and February 2, 2019, respectively. Fiscal 2019 and 2018 both have 52-week accounting periods.

Use of Estimates	6 Months Ended
Use of Estimates	Aug. 03, 2019
Use of Estimates
Use of Estimates	2. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP 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.

Cash and Cash Equivalents/Concentration of Credit Risk	6 Months Ended
Cash and Cash Equivalents/Concentration of Credit Risk	Aug. 03, 2019
Cash and Cash Equivalents/Concentration of Credit Risk
Cash and Cash Equivalents/Concentration of Credit Risk	3. Cash and Cash Equivalents/Concentration of Credit Risk For purposes of the condensed consolidated balance sheets and condensed 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.

Earnings per Share

6 Months Ended

Aug. 03, 2019

Earnings per Share

Earnings per Share

4. 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. 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 dilutive effect of stock-based compensation arrangements is accounted for using the treasury stock method. The Company includes as assumed proceeds the amount of compensation cost attributed to future services and not yet recognized. For the twenty-six weeks ended August 3, 2019 and August 4, 2018, there were 135,000 and 118,000 shares of nonvested restricted stock, respectively, excluded from the calculation of diluted earnings per share because of antidilution. For the thirteen weeks ended August 3, 2019 and August 4, 2018, there were 143,000 and 127,000 shares of nonvested restricted stock, respectively, excluded from the calculation of diluted earnings per share because of antidilution.

The following table provides a reconciliation of the weighted average number of common shares outstanding used to calculate basic earnings per share to the weighted average number of common shares and common stock equivalents outstanding used in calculating diluted earnings per share for the twenty-six and thirteen week periods ended August 3, 2019 and August 4, 2018:


	Twenty-Six Weeks Ended
	August 3, 2019	August 4, 2018
Weighted average number of common shares outstanding	11,929,019	13,446,285
Incremental shares from assumed vesting of nonvested restricted stock	15,082	45,009
Weighted average number of common shares and common stock equivalents outstanding	11,944,101	13,491,294


	Thirteen Weeks Ended
	August 3, 2019	August 4, 2018
Weighted average number of common shares outstanding	11,881,896	13,314,470
Incremental shares from assumed vesting of nonvested restricted stock	—	36,851
Weighted average number of common shares and common stock equivalents outstanding	11,881,896	13,351,321

Fair Value Measurement

6 Months Ended

Aug. 03, 2019

Fair Value Measurement

Fair Value Measurement

5. Fair Value Measurement

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 August 3, 2019, 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):


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair Market
	Cost		Gains		Losses		Value
Short-term:
Obligations of the U.S. Treasury and U.S. government agencies (Level 1)	$	30,630	$	19	$	(1)	$	30,648
Bank certificates of deposit (Level 2)		7,146		—		—		7,146
	$	37,776	$	19	$	(1)	$	37,794
Long-term:
Obligations of the U.S. Treasury (Level 1)	$	2,485	$	6	$	—	$	2,491
Bank certificates of deposit (Level 2)		14,491		—		—		14,491
	$	16,976	$	6	$	—	$	16,982

The amortized cost and fair market value of investment securities as of August 3, 2019 by contractual maturity are as follows (in thousands):


			Fair
	Amortized		Market
	Cost		Value
Mature in one year or less	$	37,776	$	37,794
Mature after one year through five years		16,976		16,982
	$	54,752	$	54,776

As of February 2, 2019, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair Market
	Cost		Gains		Losses		Value
Short-term:
Obligations of the U.S. Treasury and U.S. government agencies (Level 1)	$	38,706	$	4	$	(37)	$	38,673
Obligations of states and municipalities (Level 2)		95		—		—		95
Bank certificates of deposit (Level 2)		11,549		—		—		11,549
	$	50,350	$	4	$	(37)	$	50,317
Long-term:
Obligations of the U.S. Treasury (Level 1)	$	4,956	$	—	$	(16)	$	4,940
Bank certificates of deposit (Level 2)		3,927		—		—		3,927
	$	8,883	$	—	$	(16)	$	8,867

The amortized cost and fair market value of investment securities as of February 2, 2019 by contractual maturity were as follows (in thousands):


			Fair
	Amortized		Market
	Cost		Value
Mature in one year or less	$	50,350	$	50,317
Mature after one year through five years		8,883		8,867
	$	59,233	$	59,184

There were no changes among the levels in the twenty-six weeks ended August 3, 2019.

Fair market values of Level 2 investments are determined by management with the assistance of a third party pricing service. Because 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

Impairment of Assets	6 Months Ended
Impairment of Assets	Aug. 03, 2019
Impairment of Assets
Impairment of Assets	6. Impairment of Assets If facts and circumstances indicate that a long-lived asset or operating lease right-of-use 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. In the twenty-six and thirteen weeks ended August 3, 2019, non-cash impairment expense related to an underperforming store totaled $0.5 million, comprised of $0.3 million for leasehold improvements and fixtures and equipment, and $0.2 million for an operating lease right-of-use asset. In the twenty-six and thirteen weeks ended August 4, 2018, non-cash impairment expense related to underperforming stores totaled $0.9 million, comprised entirely of leasehold improvements and fixtures and equipment.

Revolving Line of Credit	6 Months Ended
Revolving Line of Credit	Aug. 03, 2019
Revolving Line of Credit
Revolving Line of Credit	7. Revolving Line of Credit On October 27, 2011, the Company entered into a five-year, $50 million credit facility with Bank of America. The facility was amended on August 18, 2015, extending the maturity date to August 18, 2020. The amended facility provides a $50 million credit commitment and a $25 million uncommitted “accordion” feature that under certain circumstances could allow the Company to increase the size of the facility to $75 million. Borrowings, if any, under the facility will bear interest (a) for LIBOR Rate Loans, at LIBOR plus either 1.25% or 1.5%, or (b) for Base Rate Loans, at a rate equal to the highest of (i) the prime rate plus either 0.25% or 0.5%, (ii) the Federal Funds Rate plus either 0.75% or 1.0%, or (iii) LIBOR plus either 1.25% or 1.5%, based in any such case on the average daily availability for borrowings under the facility. The facility continues to be secured by the Company’s inventory, accounts receivable and related assets, but not its real estate, fixtures and equipment, and it contains one financial covenant, a fixed charge coverage ratio, which is applicable and tested only in certain circumstances. The facility has an unused commitment fee of 0.25% and permits the payment of cash dividends subject to certain limitations, including a requirement that there were no borrowings outstanding in the 30 days prior to the dividend payment and no borrowings are expected in the 30 days subsequent to the payment. The Company has had no borrowings under the credit facility.

Income Taxes	6 Months Ended
Income Taxes	Aug. 03, 2019
Income Taxes
Income Taxes	8. 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. 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. U.S. GAAP requires companies to calculate income taxes by applying their estimated full-year tax rate in each interim period unless the estimated full-year tax rate is not reliably predictable. For the twenty-six weeks ended August 3, 2019 and August 4, 2018, the Company utilized this annual effective tax rate method to calculate income taxes. For the twenty-six weeks ended August 3, 2019, the effective income tax rate was 14.9%. This compares with a rate of 18.9% for the twenty-six weeks ended August 4, 2018. The decrease in the effective income tax rate was due primarily to the combination of lower pretax income and higher federal and state tax credits this year.

Other Long-Term Liabilities

6 Months Ended

Aug. 03, 2019

Other Long-Term Liabilities

Other Long-Term Liabilities

9. Other Long-Term Liabilities

The components of other long-term liabilities as of August 3, 2019 and February 2, 2019 are as follows (in thousands):


	August 3,			February 2,
	2019			2019
Deferred rent	$	—	(1)	$	2,344
Tenant improvement allowances		—	(1)		4,037
Other		1,869			1,814
	$	1,869		$	8,195

(1)

Commencing February 3, 2019, deferred rent and tenant improvement allowances are included as part of the Company’s operating lease right of use assets (see Note 12 regarding the Company’s adoption of the lease accounting standard).

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Aug. 03, 2019
Commitments and Contingencies
Commitments and Contingencies	10. Commitments and Contingencies The Company from time to time is involved in various legal proceedings incidental to the conduct of its business, including claims by customers, employees or former employees. Once it becomes probable that the Company will incur costs in connection with a legal proceeding and such costs can be reasonably estimated, it establishes appropriate reserves. While legal proceedings are subject to uncertainties and the outcome of any such matter is not predictable, the Company is not aware of any legal proceedings pending or threatened against it that it expects to have a material adverse effect on its financial condition, results of operations or liquidity.

Stock Repurchase Program and Cash Dividends	6 Months Ended
Stock Repurchase Program and Cash Dividends	Aug. 03, 2019
Stock Repurchase Program and Cash Dividends
Stock Repurchase Program and Cash Dividends	11. Stock Repurchase Program and Cash Dividends Repurchases of Common Stock On November 28, 2018, the Company’s Board of Directors approved a program that authorized the purchase of up to $25.0 million in shares of the Company’s common stock. During the twenty-six weeks ended August 3, 2019, the Company repurchased 272,600 shares of its common stock at an aggregate cost of $4.5 million. During the thirteen weeks ended August 3, 2019, the Company repurchased 190,288 shares of its common stock at an aggregate cost of $2.9 million. At August 3, 2019, $5.1 million remained available for purchase under this program. Dividends On February 12, 2019, the Company’s Board of Directors declared a dividend of $0.08 per common share, which was paid on March 19, 2019 to stockholders of record as of March 5, 2019. On May 21, 2019, the Company’s Board of Directors declared a dividend of $0.08 per common share, which was paid on June 18, 2019 to stockholders of record as of June 4, 2019. On August 20, 2019, the Company’s Board of Directors declared a dividend of $0.08 per common share payable on September 17, 2019 to stockholders of record as of September 3, 2019. Any determination to declare and pay cash dividends for future quarters will be made by the Company’s Board of Directors.

Recent Accounting Pronouncements	6 Months Ended
Recent Accounting Pronouncements	Aug. 03, 2019
Recent Accounting Pronouncements
Recent Accounting Pronouncements	12. Recent Accounting Pronouncements Recently Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016–02” or “Topic 842”) which replaced the existing guidance in ASC 840, Leases. The new standard established 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. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted ASU 2016-02 on February 3, 2019, the first day of fiscal 2019. As part of the implementation process, the Company assessed its lease arrangements, evaluated practical expedient and accounting policy elections and implemented necessary modifications to its existing lease system. In adopting the new lease standard, the Company elected the optional transition method which applied the standard as of the effective date but did not apply the standard to the comparative periods previously presented in the consolidated financial statements. The new standard also provided optional practical expedients for transition, which the Company elected, which permitted it to not reassess prior conclusions regarding lease classification, identification or initial direct costs. Further, the Company elected a short-term lease exception policy which permitted it to not apply the recognition requirements of the new standard to short-term leases (leases with terms of 12 months or less). The Company also elected an accounting policy to account for lease and non-lease components as a single component for certain classes of assets. The Company did not elect an optional hindsight practical expedient. The Company leases all of its retail store locations and certain office space and equipment. All leases are classified as operating leases. Under the new guidance, right–of-use assets and lease liabilities are recognized based on the present value of future minimum lease payments over the lease term. The Company uses its incremental borrowing rate as the discount rate which approximates the rate of interest the Company would have to pay on a collateralized basis to borrow an amount equal to the total lease payments under similar terms. The incremental borrowing rate for existing leases as of the opening balance sheet date was based on the remaining terms of the leases. The incremental borrowing rate for all new or amended leases is based upon the lease terms which include the contractual period obligated by the leases plus any additional periods covered by options available to extend the leases if the Company is reasonably certain to exercise such options. Lease expense for fixed lease payments is recognized on a straight-line basis over the lease term and is included in selling, general and administrative expenses. Adoption of the new standard resulted in the recording of operating lease right-of-use assets and operating lease liabilities of approximately $133.6 million and $141.0 million, respectively, as of February 3, 2019. The difference between the lease assets and lease liabilities was primarily due to reclassification of lease incentives, as well as impairment of operating lease right-of-use assets for stores previously impaired as of the effective date. Lease impairment, net of the related deferred taxes, totaled approximately $2.1 million and is reflected as an adjustment to retained earnings at the transition date.

Revenue

6 Months Ended

Aug. 03, 2019

Revenue

Revenue

13. Revenue

Revenue Recognition

The Company’s primary source of revenue is derived from the sale of clothing and accessories to its customers with the Company’s performance obligations satisfied immediately when the customer pays for their purchase and receives the merchandise. Sales taxes collected by the Company from customers are excluded from revenue. Revenue from layaway sales is recognized at the point in time when the merchandise is paid for and control of the goods is transferred to the customer, thereby satisfying the Company’s performance obligation. Non-refundable layaway service fees are recognized in revenue when collected by the Company from customers. The Company defers revenue from the sale of gift cards and recognizes the associated revenue upon the redemption of the cards by customers to purchase merchandise.

Sales Returns

The Company allows customers to return merchandise for up to thirty days after the date of sale. Expected refunds to customers are recorded based on estimated margin using historical return information. The refund liability for merchandise returns is included in “Accrued expenses” on the condensed consolidated balance sheet and totaled $0.5 million and $0.3 million as of August 3, 2019 and February 2, 2019, respectively. The corresponding asset for the recoverable cost of expected refunds is included in “Prepaid and other current assets” and totaled $0.3 million and $0.2 million as of August 3, 2019 and February 2, 2019, respectively.

Disaggregation of Revenue

The Company’s 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.

In the following table, the Company’s revenue from contracts with customers is disaggregated by major product line. The percentage of net sales related to each classification of its merchandise assortment for the twenty-six and thirteen week periods ended August 3, 2019 and August 4, 2018 was approximately:


	Twenty-Six Weeks Ended				Thirteen Weeks Ended
	August 3,		August 4,		August 3,		August 4,
	2019		2018		2019		2018
Accessories	34	%	32	%	34	%	33	%
Ladies'	23	%	24	%	23	%	23	%
Children's	21	%	22	%	21	%	22	%
Men's	16	%	17	%	17	%	17	%
Home	6	%	5	%	5	%	5	%

Leases

6 Months Ended

Aug. 03, 2019

Leases

Leases

14. Leases

The Company leases its retail store locations and certain office space and equipment. The Company analyzes all leases at inception to determine if a right-of-use asset and lease liability should be recognized. Leases with an initial term of 12 months or less and leases with mutual termination clauses are not included on the condensed consolidated balance sheet. The lease liability is measured at the present value of future lease payments as of the lease commencement date, or as of the date of adoption of ASU 2016-02 for leases existing at the adoption date. The right-of-use asset recognized is based on the lease liability adjusted for prepaid and deferred rent and unamortized lease incentives.

Total lease cost is comprised of operating lease costs, short-term lease costs and variable lease costs, which include rent paid as a percentage of sales, common area maintenance, real estate taxes and insurance for the Company’s real estate leases. Lease expense for the twenty-six and thirteen weeks ended August 3, 2019 is as follows (in thousands):


	Twenty-Six Weeks Ended		Thirteen Weeks Ended
	August 3, 2019		August 3, 2019
Operating lease cost	$	23,858	$	12,081
Variable lease cost		4,263		1,947
Short term lease cost		515		259
Total lease cost	$	28,636	$	14,287

Future minimum lease payments as of August 3, 2019 are as follows (in thousands):


Fiscal Year	Lease Costs
Remainder of 2019	$	22,162
2020		48,848
2021		38,118
2022		26,151
2023		18,372
Thereafter		21,760
Total future minimum lease payments		175,411
Less: imputed interest		(15,333)	(1)
Total present value of lease liabilities	$	160,078	(2)

(1)

Calculated using the discount rate for each lease.

(2)

Includes short-term and long-term operating leases.

Adoption of the lease accounting standard (Topic 842) using the effective transition method requires the Company to provide relevant disclosures in accordance with ASC 840, Leases for all prior periods presented. Future minimum lease payments as of February 2, 2019 were as follows (in thousands):


Fiscal Year	Lease Costs
2019	$	47,289
2020		39,294
2021		28,228
2022		16,880
2023		9,440
Thereafter		7,836
Total future minimum lease payments	$	148,967

Certain operating leases provide for fixed monthly rents, while others provide for contingent rents computed as a percentage of net sales and others provide for a combination of both fixed monthly rents and contingent rents computed as a percentage of net sales.

Supplemental cash flow and other information related to operating leases for the twenty-six weeks ended August 3, 2019 is as follows (in thousands, except for weighted average amounts):


	Twenty-Six Weeks Ended
	August 3, 2019
Cash paid for operating leases	$	25,174
Right of use assets obtained in exchange for new operating lease liabilities	$	42,357

Weighted average remaining lease term (years) - operating leases		4.34
Weighted average discount rate - operating leases		3.75%

Earnings per Share (Tables)

6 Months Ended

Aug. 03, 2019

Earnings per Share

Schedule of reconciliation of the number of average common shares outstanding used to calculate basic and diluted earnings per share


	Twenty-Six Weeks Ended
	August 3, 2019	August 4, 2018
Weighted average number of common shares outstanding	11,929,019	13,446,285
Incremental shares from assumed vesting of nonvested restricted stock	15,082	45,009
Weighted average number of common shares and common stock equivalents outstanding	11,944,101	13,491,294


	Thirteen Weeks Ended
	August 3, 2019	August 4, 2018
Weighted average number of common shares outstanding	11,881,896	13,314,470
Incremental shares from assumed vesting of nonvested restricted stock	—	36,851
Weighted average number of common shares and common stock equivalents outstanding	11,881,896	13,351,321

Fair Value Measurement (Tables)

6 Months Ended

Aug. 03, 2019

Fair Value Measurement

Schedule of investment securities classified as held-to-maturity


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair Market
	Cost		Gains		Losses		Value
Short-term:
Obligations of the U.S. Treasury and U.S. government agencies (Level 1)	$	30,630	$	19	$	(1)	$	30,648
Bank certificates of deposit (Level 2)		7,146		—		—		7,146
	$	37,776	$	19	$	(1)	$	37,794
Long-term:
Obligations of the U.S. Treasury (Level 1)	$	2,485	$	6	$	—	$	2,491
Bank certificates of deposit (Level 2)		14,491		—		—		14,491
	$	16,976	$	6	$	—	$	16,982

As of February 2, 2019, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair Market
	Cost		Gains		Losses		Value
Short-term:
Obligations of the U.S. Treasury and U.S. government agencies (Level 1)	$	38,706	$	4	$	(37)	$	38,673
Obligations of states and municipalities (Level 2)		95		—		—		95
Bank certificates of deposit (Level 2)		11,549		—		—		11,549
	$	50,350	$	4	$	(37)	$	50,317
Long-term:
Obligations of the U.S. Treasury (Level 1)	$	4,956	$	—	$	(16)	$	4,940
Bank certificates of deposit (Level 2)		3,927		—		—		3,927
	$	8,883	$	—	$	(16)	$	8,867

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 August 3, 2019 by contractual maturity are as follows (in thousands):


			Fair
	Amortized		Market
	Cost		Value
Mature in one year or less	$	37,776	$	37,794
Mature after one year through five years		16,976		16,982
	$	54,752	$	54,776

The amortized cost and fair market value of investment securities as of February 2, 2019 by contractual maturity were as follows (in thousands):


			Fair
	Amortized		Market
	Cost		Value
Mature in one year or less	$	50,350	$	50,317
Mature after one year through five years		8,883		8,867
	$	59,233	$	59,184

Other Long-Term Liabilities (Tables)

6 Months Ended

Aug. 03, 2019

Other Long-Term Liabilities

Schedule of components of other long-term liabilities

The components of other long-term liabilities as of August 3, 2019 and February 2, 2019 are as follows (in thousands):


	August 3,			February 2,
	2019			2019
Deferred rent	$	—	(1)	$	2,344
Tenant improvement allowances		—	(1)		4,037
Other		1,869			1,814
	$	1,869		$	8,195

(1)

Revenue (Tables)

6 Months Ended

Aug. 03, 2019

Revenue

Schedule of revenue from contracts with customers disaggregated by major product line


	Twenty-Six Weeks Ended				Thirteen Weeks Ended
	August 3,		August 4,		August 3,		August 4,
	2019		2018		2019		2018
Accessories	34	%	32	%	34	%	33	%
Ladies'	23	%	24	%	23	%	23	%
Children's	21	%	22	%	21	%	22	%
Men's	16	%	17	%	17	%	17	%
Home	6	%	5	%	5	%	5	%

Leases (Tables)

6 Months Ended

Aug. 03, 2019

Leases

Schedule of lease expense


	Twenty-Six Weeks Ended		Thirteen Weeks Ended
	August 3, 2019		August 3, 2019
Operating lease cost	$	23,858	$	12,081
Variable lease cost		4,263		1,947
Short term lease cost		515		259
Total lease cost	$	28,636	$	14,287

Schedule of future minimum lease payments

Future minimum lease payments as of August 3, 2019 are as follows (in thousands):


Fiscal Year	Lease Costs
Remainder of 2019	$	22,162
2020		48,848
2021		38,118
2022		26,151
2023		18,372
Thereafter		21,760
Total future minimum lease payments		175,411
Less: imputed interest		(15,333)	(1)
Total present value of lease liabilities	$	160,078	(2)

(1)

Calculated using the discount rate for each lease.

(2)

Includes short-term and long-term operating leases.

Operating lease maturity ASC840


Fiscal Year	Lease Costs
2019	$	47,289
2020		39,294
2021		28,228
2022		16,880
2023		9,440
Thereafter		7,836
Total future minimum lease payments	$	148,967

Schedule of supplemental cash flow and other information


	Twenty-Six Weeks Ended
	August 3, 2019
Cash paid for operating leases	$	25,174
Right of use assets obtained in exchange for new operating lease liabilities	$	42,357

Weighted average remaining lease term (years) - operating leases		4.34
Weighted average discount rate - operating leases		3.75%

Basis of Presentation (Details) - store	12 Months Ended
Basis of Presentation (Details) - store	Feb. 01, 2020	Feb. 02, 2019	Aug. 03, 2019
Basis of Presentation
Number of stores operated			562
Number of states in which company operates			32
Length of fiscal year	364 days	364 days

Earnings per Share (Details) - shares	3 Months Ended		6 Months Ended
Earnings per Share (Details) - shares	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Reconciliation of average number of common shares outstanding used to calculate basic and diluted earnings per share
Weighted average number of common shares outstanding	11,881,896	13,314,470	11,929,019	13,446,285
Incremental shares from assumed vesting of nonvested restricted stock		36,851	15,082	45,009
Weighted average number of common shares and common stock equivalents outstanding	11,881,896	13,351,321	11,944,101	13,491,294
Restricted Stock
Antidilutive securities
Shares excluded from the calculation of diluted earnings per share	143,000	127,000	135,000	118,000

Fair Value Measurement - Securities Carried at Amortized Cost Plus Accrued Interest (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019
Investment securities classified as held to maturity
Amortized Cost	$ 54,752	$ 59,233
Fair Market Value	54,776	59,184
Short-term Investments
Investment securities classified as held to maturity
Amortized Cost	37,776	50,350
Gross Unrealized Gains	19	4
Gross Unrealized Losses	(1)	(37)
Fair Market Value	37,794	50,317
Short-term Investments \| Obligations of the U.S. Treasury \| Fair Value, Inputs, Level 1
Investment securities classified as held to maturity
Amortized Cost	30,630	38,706
Gross Unrealized Gains	19	4
Gross Unrealized Losses	(1)	(37)
Fair Market Value	30,648	38,673
Short-term Investments \| Obligations of states and municipalities \| Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost		95
Fair Market Value		95
Short-term Investments \| Bank certificates of deposit \| Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	7,146	11,549
Fair Market Value	7,146	11,549
Long Term Investments
Investment securities classified as held to maturity
Amortized Cost	16,976	8,883
Gross Unrealized Gains	6
Gross Unrealized Losses		(16)
Fair Market Value	16,982	8,867
Long Term Investments \| Obligations of the U.S. Treasury \| Fair Value, Inputs, Level 1
Investment securities classified as held to maturity
Amortized Cost	2,485	4,956
Gross Unrealized Gains	6
Gross Unrealized Losses		(16)
Fair Market Value	2,491	4,940
Long Term Investments \| Bank certificates of deposit \| Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	14,491	3,927
Fair Market Value	$ 14,491	$ 3,927

Fair Value Measurement - Amortized Cost and Fair Market Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019
Amortized Cost
Mature in one year or less	$ 37,776	$ 50,350
Mature after one year through five years	16,976	8,883
Total	54,752	59,233
Fair Market Value
Mature in one year or less	37,794	50,317
Mature after one year through five years	16,982	8,867
Fair Market Value	54,776	$ 59,184
Changes among the fair value levels
Changes between Level 1 to Level 2, Assets	$ 0

Impairment of Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Impairment of Assets (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Impairment of Assets
Asset Impairment Charges, Total	$ 472	$ 942	$ 472	$ 942
Impairment of leasehold improvements and fixtures and equipment	300	$ 900	300	$ 900
Impairment of operating lease right-of-use asset	$ 200		$ 200

Revolving Line of Credit (Details) - Line of Credit $ in Millions			6 Months Ended
	Aug. 18, 2015 USD ($)	Oct. 27, 2011 USD ($)	Aug. 03, 2019 USD ($) bbl / agreement
Revolving Line of Credit
Term of credit facility		5 years
Maximum borrowing capacity		$ 50
Number of covenants \| bbl / agreement			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
LIBOR Rate Loans
Revolving Line of Credit
Variable interest rate basis	LIBOR
Debt Instrument, Variable Rate Base LIBOR \| Base Rate Loans
Revolving Line of Credit
Variable interest rate basis	LIBOR
Debt Instrument Variable Rate Prime Rate \| Base Rate Loans
Revolving Line of Credit
Variable interest rate basis	prime rate
Debt Instrument, Variable Rate Base Federal Funds Rate \| Base Rate Loans
Revolving Line of Credit
Variable interest rate basis	Federal Funds Rate
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
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
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
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
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
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
Revolving Line of Credit
Margin added to variable rate (as a percent)	1.00%

Income Taxes (Details)	6 Months Ended
Income Taxes (Details)	Aug. 03, 2019	Aug. 04, 2018
Income Taxes
Effective income tax rate	14.90%	18.90%

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019
Other Long-Term Liabilities
Deferred rent		$ 2,344
Tenant improvement allowances		4,037
Other	$ 1,869	1,814
Other long-term liabilities total	$ 1,869	$ 8,195

Stock Repurchase Program and Cash Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended				6 Months Ended
	Aug. 20, 2019	May 21, 2019	Feb. 12, 2019	Aug. 03, 2019	May 04, 2019	Aug. 04, 2018	May 05, 2018	Aug. 03, 2019	Nov. 28, 2018
Stockholders' Equity
Stock Repurchased During Period, Value				$ 2,904	$ 1,640	$ 18,302	$ 2,672
Cash dividends declared per share	$ 0.08	$ 0.08	$ 0.08
Stock Repurchase Program
Stockholders' Equity
Stock Repurchase Program, Authorized Amount									$ 25,000
Stock Repurchased During Period, Shares				190,288				272,600
Stock Repurchased During Period, Value				$ 2,900
Treasury Stock, Value, Acquired, Cost Method								$ 4,500
Remaining value of shares available for repurchase				$ 5,100				$ 5,100

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2019	May 04, 2019	Feb. 03, 2019
Recent Accounting Pronouncements
Transition package of practical expedients	true
Hind sight practical expedient	false
Right-of-use (“ROU”) asset	$ 152,932		$ 133,600
Operating lease liabilities	$ 118,102		$ 141,000
Lease impairment		$ (2,060)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Revenue (Details) - USD ($) $ in Millions	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018	Feb. 02, 2019
Revenue, initial application period, cumulative effect transition
Estimated refund liability	$ 0.5		$ 0.5		$ 0.3
Carrying value of return asset	$ 0.3		$ 0.3		$ 0.2
Maximum
Revenue, initial application period, cumulative effect transition
Period of time company allows customers to return merchandise			30 days
Accessories
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)	34.00%		34.00%
Accessories \| Calculated under revenue guidance in effect before topic 606
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)		33.00%		32.00%
Children's
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)	21.00%		21.00%
Children's \| Calculated under revenue guidance in effect before topic 606
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)		22.00%		22.00%
Ladies'
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)	23.00%		23.00%
Ladies' \| Calculated under revenue guidance in effect before topic 606
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)		23.00%		24.00%
Men's
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)	17.00%		16.00%
Men's \| Calculated under revenue guidance in effect before topic 606
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)		17.00%		17.00%
Home
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)	5.00%		6.00%
Home \| Calculated under revenue guidance in effect before topic 606
Revenue, initial application period, cumulative effect transition
Revenue from contracts with customers disaggregated by major product line (as a percent)		5.00%		5.00%

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Aug. 03, 2019
Leases
Operating lease cost	$ 12,081	$ 23,858
Variable lease cost	1,947	4,263
Short term lease cost	259	515
Total lease cost	$ 14,287	$ 28,636

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019
Future minimum rent payments under operating leases
2019	$ 22,162
2020	48,848
2021	38,118
2022	26,151
2023	18,372
Thereafter	21,760
Total future minimum lease payments	175,411
Less: imputed interest	(15,333)
Total present value of lease liabilities	$ 160,078
Future minimum rent payments under operating leases ASC840
2019		$ 47,289
2020		39,294
2021		28,228
2022		16,880
2023		9,440
Thereafter		7,836
Total future minimum lease payments ASC840		$ 148,967

Leases - Cash flow and other information (Details) $ in Thousands	6 Months Ended
	Aug. 03, 2019 USD ($)
Supplemental cash flow and other information related to operating leases
Cash paid for operating leases	$ 25,174
Right of use assets obtained in exchange for new operating lease liabilities	$ 42,357
Weighted Average remaining lease term (years) - Operating leases	4 years 4 months 2 days
Weighted average discount rate - operating leases (as a percent)	3.75%