Hibbett (HIBB) 10-Q 9 Jun 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
	3-May-14	Jun. 05, 2014	Aug. 03, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'HIBBETT SPORTS INC	'	'
Entity Central Index Key	'0001017480	'	'
Current Fiscal Year End Date	'--01-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$1,578,943,516
Entity Common Stock, Shares Outstanding	'	25,607,245	'
Document Fiscal Year Focus	'2015	'	'
Document Fiscal Period Focus	'Q1	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	3-May-14	'	'

UNAUDITED_CONDENSED_CONSOLIDAT

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	3-May-14	Feb. 01, 2014
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$110,275	$66,227
Inventories, net	206,338	226,545
Other current assets	22,969	30,877
Total current assets	339,582	323,649
Property and equipment	218,177	211,204
Less accumulated depreciation and amortization	126,861	125,190
Property and equipment, net	91,316	86,014
Other assets, net	6,195	6,682
Total Assets	437,093	416,345
Current Liabilities:	'	'
Accounts payable	68,970	74,532
Accrued payroll expenses	8,318	8,464
Deferred rent	4,059	3,792
Short-term capital lease obligations	391	322
Other accrued expenses	11,475	4,304
Total current liabilities	93,213	91,414
Deferred rent	13,962	13,803
Other liabilities, net	7,493	7,105
Total liabilities	114,668	112,322
Stockholders' Investment:	'	'
Preferred stock, $.01 par value, 1,000,000 shares authorized, no shares issued	0	0
Common stock, $.01 par value, 80,000,000 shares authorized, 38,432,794 and 38,202,486 shares issued at May 3, 2014 and February 1, 2014, respectively	384	382
Paid-in capital	159,862	154,533
Retained earnings	520,859	492,471
Treasury stock, at cost; 12,666,974 and 12,389,531 shares repurchased at May 3, 2014 and February 1, 2014, respectively	-358,680	-343,363
Total stockholders' investment	322,425	304,023
Total Liabilities and Stockholders' Investment	$437,093	$416,345

UNAUDITED_CONDENSED_CONSOLIDAT1

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS Parenthetical (USD $)	3-May-14	Feb. 01, 2014
Stockholders' Investment:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	38,432,794	38,202,486
Treasury stock, shares (in shares)	12,666,974	12,389,531

UNAUDITED_CONDENSED_CONSOLIDAT2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	3-May-14	4-May-13
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]	'	'
Net sales	$261,909	$239,993
Cost of goods sold, including wholesale, logistics and store occupancy costs	163,713	149,116
Gross profit	98,196	90,877
Store operating, selling and administrative expenses	48,952	45,113
Depreciation and amortization	3,580	3,325
Operating income	45,664	42,439
Interest expense, net	73	45
Income before provision for income taxes	45,591	42,394
Provision for income taxes	17,203	16,180
Net income	$28,388	$26,214
Earnings per share:	'	'
Basic (in dollars per share)	$1.10	$1.01
Diluted (in dollars per share)	$1.09	$1
Weighted average shares outstanding:	'	'
Basic (in dollars per share)	25,846	25,906
Diluted (in dollars per share)	26,131	26,328

UNAUDITED_CONDENSED_CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	3-May-14	4-May-13
Cash Flows From Operating Activities:	'	'
Net income	$28,388	$26,214
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	3,580	3,325
Stock-based compensation	2,517	2,367
Other non-cash adjustments to net income	-188	-1,860
Decrease in inventories, net	20,207	15,883
Decrease in prepaid expenses	14,181	13,820
Decrease in accounts payable	-7,691	-18,552
Changes in other operating assets and liabilities	2,488	-4,879
Net cash provided by operating activities	63,482	36,318
Cash Flows From Investing Activities:	'	'
Capital expenditures	-6,480	-8,195
Other, net	-364	-189
Net cash used in investing activities	-6,844	-8,384
Cash Flows From Financing Activities:	'	'
Cash used for stock repurchases	-10,776	-1,188
Payments on capital lease obligations	-86	-67
Proceeds from options exercised and purchase of shares under the employee stock purchase plan	209	559
Other, net	-1,937	-961
Net cash used in financing activities	-12,590	-1,657
Net increase in cash and cash equivalents	44,048	26,277
Cash and cash equivalents, beginning of period	66,227	76,911
Cash and cash equivalents, end of period	110,275	103,188
Supplemental Disclosure	'	'
Increase in equipment and accounts payable for capital purchases	$2,129	$0

Basis_of_Presentation_and_Acco

Basis of Presentation and Accounting Policies	3 Months Ended
	3-May-14
Basis of Presentation and Accounting Policies [Abstract]	'
Basis of Presentation and Accounting Policies	'
	1.            Basis of Presentation and Accounting Policies
	The accompanying unaudited condensed consolidated financial statements of Hibbett Sports, Inc. and its wholly-owned subsidiaries (including the condensed consolidated balance sheet as of February 1, 2014, which has been derived from audited financial statements) have been prepared in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP) for interim financial information and are presented in accordance with the requirements of Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  References to "we," "our," "us" and the "Company" refer to Hibbett Sports, Inc. and its subsidiaries as well as its predecessors.
	These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended February 1, 2014 filed on March 31, 2014.  In our opinion, the unaudited condensed consolidated financial statements included herein contain all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of our financial position as of May 3, 2014 and the results of our operations and cash flows for the periods presented.
	There have been no material changes in our significant accounting policies as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended February 1, 2014 filed on March 31, 2014.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	3-May-14
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
Recent Accounting Pronouncements	'
	2.            Recent Accounting Pronouncements
	We continuously monitor and review all current accounting pronouncements and standards from the Financial Accounting Standards Board (FASB) of U.S. GAAP for applicability to our operations.  As of May 3, 2014, there were no new pronouncements, interpretations or staff positions that had or were expected to have a significant impact on our operations since our Annual Report on Form 10-K for the fiscal year ended February 1, 2014 filed on March 31, 2014.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	3-May-14
Fair Value of Financial Instruments [Abstract]	'
Fair Value of Financial Instruments	'
	3.            Fair Value of Financial Instruments
	Accounting Standards Codification (ASC) Subtopic 820, Fair Value Measurement, establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value.  The three levels of inputs used to measure fair value are as follows:
	Level I – Quoted prices in active markets for identical assets or liabilities.
	Level II – Observable inputs other than quoted prices included in Level I.
	Level III – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	The table below segregates all financial assets that are measured at fair value on a recurring basis (at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value as of May 3, 2014 and February 1, 2014 (in thousands):
		3-May-14						1-Feb-14
		Level I		Level II		Level III		Level I		Level II		Level III
	Short-term investments	$	602	$	-	$	-	$	509	$	-	$	-
	Long-term investments		2,421		-		-		2,107		-		-
	Total investments	$	3,023	$	-	$	-	$	2,616	$	-	$	-
	Short-term investments are reported in other current assets on our unaudited condensed consolidated balance sheets.  Long-term investments are reported in other assets on our unaudited condensed consolidated balance sheets.

Debt

Debt	3 Months Ended
	3-May-14
Debt Disclosure [Abstract]	'
Debt	'
	4.            Debt
	At May 3, 2014, we had two unsecured credit facilities, which are renewable annually in August and November.  The August facility allows for borrowings up to $30.0 million at a rate equal to the higher of prime rate, the federal funds rate plus 0.5% or LIBOR.  The November facility allows for borrowings up to $50.0 million at a rate of prime plus 2%.  Under the provisions of both facilities, we do not pay commitment fees and are not subject to covenant requirements.  We did not have any borrowings against either of these facilities during the thirteen weeks ended ended May 3, 2014, nor was there any debt outstanding under either of these facilities at May 3, 2014.  At May 3, 2014, a total of $80.0 million was available to us from these facilities.
	At February 1, 2014, we had the same two unsecured facilities and corresponding terms as listed above.  We did not have any borrowings against either of these facilities during Fiscal 2014, nor was there any debt outstanding under either of these facilities at February 1, 2014.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	3-May-14
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	5.            Stock-Based Compensation
	The compensation costs that have been charged against income for the thirteen weeks ended May 3, 2014 and May 4, 2013 were as follows (in thousands):
		Thirteen Weeks Ended
		3-May-14		4-May-13
	Stock-based compensation expense by type:
	Stock options	$	412	$	309
	Restricted stock unit awards, including performance-based		2,051		1,986
	Employee stock purchases		37		42
	Director deferred compensation		17		30
	Total stock-based compensation expense		2,517		2,367
	Income tax benefit recognized		933		876
	Stock-based compensation expense, net of income tax	$	1,584	$	1,491
	In the thirteen weeks ended May 3, 2014 and May 4, 2013, we granted the following equity awards:
		Thirteen Weeks Ended
		3-May-14		4-May-13
	Stock options		16,996		17,623
	Restricted stock unit awards		62,503		62,625
	Performance-based restricted stock unit awards		25,300		36,700
	Deferred stock units		10,006		6,897
	Under the 2012 Non-Employee Director Equity Plan (2012 Plan), a total of 1,759 and 2,312 shares of our common stock were awarded during the thirteen weeks ended May 3, 2014 and May 4, 2013, respectively, as part of the annual equity award to directors in the first quarter.  In addition, under our employee stock purchase plan, our employees purchased 3,101 and 3,481 shares of our common stock during the thirteen weeks ended May 3, 2014 and May 4, 2013, respectively.
	The weighted-average grant date fair value of stock options granted during the thirteen weeks ended May 3, 2014 was $24.22 per share. The weighted-average grant date fair value of shares of stock purchased through our employee stock purchase plan was $15.19, and the weighted-average price paid by our employees for shares of our common stock was $44.95 during the thirteen weeks ended May 3, 2014.
	The weighted-average grant date fair value of stock options granted during the thirteen weeks ended May 4, 2013 was $17.52 per share. The weighted-average grant date fair value of shares of stock purchased through our employee stock purchase plan was $12.04 and the weighted-average price paid by our employees for shares of our common stock was $44.80 during the thirteen weeks ended May 4, 2013.
	At May 3, 2014, the total compensation costs, related to nonvested restricted stock unit awards not yet recognized was $11.2 million and the weighted-average period over which such awards are expected to be recognized was 2.8 years.  There are no future compensation costs related to nonvested stock options to be recognized at May 3, 2014.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	3-May-14
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	6.            Earnings Per Share
	The computation of basic earnings per share (EPS) is based on the number of weighted average common shares outstanding during the period.  The computation of diluted EPS is based on the weighted average number of shares outstanding plus the incremental shares that would be outstanding assuming exercise of dilutive stock options and issuance of restricted stock.  The number of incremental shares is calculated by applying the treasury stock method.  The following table sets forth the weighted average common shares outstanding (in thousands):
		Thirteen Weeks Ended
		3-May-14		4-May-13
	Weighted-average shares used in basic computations		25,846		25,906
	Dilutive equity awards		285		422
	Weighted-average shares used in diluted computations		26,131		26,328
	For the thirteen weeks ended weeks ended May 3, 2014 and May 4, 2013, no options were excluded from the computation of diluted weighted-average common shares and common share equivalents outstanding because of their anti-dilutive effect.
	We excluded 47,340 nonvested stock awards granted to certain employees from the computation of diluted weighted-average common shares and common share equivalents outstanding because they are subject to certain performance-based annual vesting conditions which had not been achieved by May 3, 2014.  Assuming the performance-criteria had been achieved as of May 3, 2014, the incremental dilutive impact would have been 16,618 shares.

Stock_Repurchase_Activity

Stock Repurchase Activity	3 Months Ended
	3-May-14
Stock Repurchase Activity [Abstract]	'
Stock Repurchase Program	'
	7.            Stock Repurchase Activity
	In November 2012, the Board of Directors (Board) authorized a Stock Repurchase Program (Program) of $250.0 million to repurchase our common stock through January 29, 2016. The Program replaced an existing program (Former Program) and authorizes repurchases of our common stock in open market or negotiated transactions, with the amount and timing of repurchases dependent on market conditions and at the discretion of our management.  In addition to the Program, we also acquire shares of our common stock from holders of restricted stock unit awards to satisfy tax withholding requirements due at vesting.  Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements do not reduce the Program authorization.
	During the thirteen weeks ended May 3, 2014, we repurchased 277,443 shares of our common stock at a cost of $15.3 million, including 79,443 shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements of $4.5 million.  We repurchased 99,430 shares of our common stock during the thirteen weeks ended May 4, 2013 at a cost of $5.4 million, including 76,924 shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements of $4.3 million.
	As of May 3, 2014, we had approximately $218.8 million remaining under the Program for stock repurchase.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	3-May-14
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	8.            Commitments and Contingencies
	Lease Commitments.
	We have entered into capital leases for certain property.  At May 3, 2014, the total capital lease obligations were $3.5 million, of which $0.4 million was included in short-term capital lease obligations and $3.1 million was included in other liabilities, net, on our unaudited condensed consolidated balance sheet.  At February 1, 2014, the total capital lease obligation was $3.2 million, of which $0.3 million was included in short-term capital lease obligations and $2.9 million was included in other liabilities, net, on our unaudited condensed consolidated balance sheet.
	During the thirteen weeks ended May 3, 2014, we opened 16 stores and closed 4 stores increasing our lease commitments by a net of 12 retail stores. The stores we opened have initial lease termination dates between February 2019 and June 2024.  At May 3, 2014, the future minimum lease payments, excluding maintenance, insurance and real estate taxes, for our current capital and operating leases, were as follows (in thousands):
		Capital		Operating		Total
	Remaining Fiscal 2015	$	509	$	38,597	$	39,106
	Fiscal 2016		681		42,865		43,546
	Fiscal 2017		691		34,414		35,105
	Fiscal 2018		691		26,189		26,880
	Fiscal 2019		685		18,761		19,446
	Fiscal 2020		658		11,341		11,999
	Thereafter		1,101		21,575		22,676
	Total minimum lease payments		5,016		193,742		198,758
	Less amount representing interest		1,551		-		1,551
	Present value of total minimum lease payments	$	3,465	$	193,742	$	197,207
	Included in the above table are future minimum lease payments on our distribution center which aggregate approximately $0.6 million.  The related operating lease expires in December 2014.
	Annual Bonuses and Equity Incentive Awards.
	Specified officers and corporate employees of our Company are eligible to receive annual bonuses, based on measures of Company operating performance.  At May 3, 2014 and February 1, 2014, there was $1.2 million and $4.0 million, respectively, of annual bonus related expenses included in accrued payroll expenses on our unaudited condensed consolidated balance sheets.
	In addition, the Compensation Committee of the Board has placed performance criteria on awards of restricted stock units (PSUs) to our Named Executive Officers.  The performance criteria are tied to performance targets with respect to future return on invested capital and earnings before interest and taxes over a specified period of time.  These PSUs are expensed under the provisions of ASC Topic 718, Compensation – Stock Compensation, and are evaluated each quarter to determine the probability that the performance conditions set within will be met.
	Legal Proceedings and Other Contingencies.
	No material amounts were accrued at May 3, 2014 or February 1, 2014 pertaining to legal proceedings or other contingencies.

Income_Taxes

Income Taxes	3 Months Ended
	3-May-14
Income Taxes [Abstract]	'
INCOME TAXES	'
	9.            Income Taxes
	Our effective tax rate is based on expected annual income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which we operate.  For interim financial reporting, we estimate the annual effective tax rate based on expected taxable income for the full year and record a quarterly income tax provision in accordance with the anticipated annual effective rate and adjust for discrete items.  We update the estimates of the taxable income throughout the year as new information becomes available, including year-to-date financial results.  This process often results in a change to our expected effective tax rate for the year.  When this occurs, we adjust the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected annual effective tax rate.  Significant judgment is required in determining our effective tax rate and in evaluating our tax positions.
	At May 3, 2014, it is reasonably possible that our liability for unrecognized tax benefits will decrease in the next 12 months between $0.4 million and $0.5 million resulting from a settlement with a state taxing authority.  We file income tax returns in the U.S. federal and various state jurisdictions.  Generally, we are not subject to changes in income taxes by the U.S. federal taxing jurisdiction for years prior to Fiscal 2011 or by most state taxing jurisdictions for years prior to Fiscal 2010.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	3-May-14
Fair Value of Financial Instruments [Abstract]	'
Financial assets measured at fair value on a recurring basis	'
	The table below segregates all financial assets that are measured at fair value on a recurring basis (at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value as of May 3, 2014 and February 1, 2014 (in thousands):
		3-May-14						1-Feb-14
		Level I		Level II		Level III		Level I		Level II		Level III
	Short-term investments	$	602	$	-	$	-	$	509	$	-	$	-
	Long-term investments		2,421		-		-		2,107		-		-
	Total investments	$	3,023	$	-	$	-	$	2,616	$	-	$	-
	Short-term investments are reported in other current assets on our unaudited condensed consolidated balance sheets.  Long-term investments are reported in other assets on our unaudited condensed consolidated balance sheets.

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	3-May-14
Stock-Based Compensation [Abstract]	'
Stock-based compensation expense by type	'
	The compensation costs that have been charged against income for the thirteen weeks ended May 3, 2014 and May 4, 2013 were as follows (in thousands):
		Thirteen Weeks Ended
		3-May-14		4-May-13
	Stock-based compensation expense by type:
	Stock options	$	412	$	309
	Restricted stock unit awards, including performance-based		2,051		1,986
	Employee stock purchases		37		42
	Director deferred compensation		17		30
	Total stock-based compensation expense		2,517		2,367
	Income tax benefit recognized		933		876
	Stock-based compensation expense, net of income tax	$	1,584	$	1,491
Equity awards granted during the period	'
	In the thirteen weeks ended May 3, 2014 and May 4, 2013, we granted the following equity awards:
		Thirteen Weeks Ended
		3-May-14		4-May-13
	Stock options		16,996		17,623
	Restricted stock unit awards		62,503		62,625
	Performance-based restricted stock unit awards		25,300		36,700
	Deferred stock units		10,006		6,897

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	3-May-14
Earnings Per Share [Abstract]	'
Weighted average common shares outstanding	'
	The computation of basic earnings per share (EPS) is based on the number of weighted average common shares outstanding during the period.  The computation of diluted EPS is based on the weighted average number of shares outstanding plus the incremental shares that would be outstanding assuming exercise of dilutive stock options and issuance of restricted stock.  The number of incremental shares is calculated by applying the treasury stock method.  The following table sets forth the weighted average common shares outstanding (in thousands):
		Thirteen Weeks Ended
		3-May-14		4-May-13
	Weighted-average shares used in basic computations		25,846		25,906
	Dilutive equity awards		285		422
	Weighted-average shares used in diluted computations		26,131		26,328

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	3-May-14
Commitments and Contingencies [Abstract]	'
Future minimum lease payments	'
	During the thirteen weeks ended May 3, 2014, we opened 16 stores and closed 4 stores increasing our lease commitments by a net of 12 retail stores. The stores we opened have initial lease termination dates between February 2019 and June 2024.  At May 3, 2014, the future minimum lease payments, excluding maintenance, insurance and real estate taxes, for our current capital and operating leases, were as follows (in thousands):
		Capital		Operating		Total
	Remaining Fiscal 2015	$	509	$	38,597	$	39,106
	Fiscal 2016		681		42,865		43,546
	Fiscal 2017		691		34,414		35,105
	Fiscal 2018		691		26,189		26,880
	Fiscal 2019		685		18,761		19,446
	Fiscal 2020		658		11,341		11,999
	Thereafter		1,101		21,575		22,676
	Total minimum lease payments		5,016		193,742		198,758
	Less amount representing interest		1,551		-		1,551
	Present value of total minimum lease payments	$	3,465	$	193,742	$	197,207

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	3-May-14	Feb. 01, 2014
Level I [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	$602	$509
Long-term investments	2,421	2,107
Total investments	3,023	2,616
Level II [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	0	0
Long-term investments	0	0
Total investments	0	0
Level III [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	0	0
Long-term investments	0	0
Total investments	$0	$0

Debt_Details

Debt (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	3-May-14	Feb. 01, 2014
Line of Credit Facility [Line Items]	'	'
Number of unsecured credit facilities	2	2
Available borrowings under credit facilities	$80	$80
August 2013 Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Expiration date of renewed facility	22-Aug-14	22-Aug-14
Maximum borrowing capacity under renewed facility	30	30
Description of variable interest rate basis	'LIBOR	'LIBOR
Basis spread on variable interest rate (in hundredths)	0.50%	0.50%
Debt outstanding at period end	0	0
November 2013 Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Expiration date of renewed facility	18-Nov-14	18-Nov-14
Maximum borrowing capacity under renewed facility	50	50
Description of variable interest rate basis	'prime	'prime
Basis spread on variable interest rate (in hundredths)	2.00%	2.00%
Debt outstanding at period end	$0	$0

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended
	3-May-14	4-May-13
Stock-based compensation expense by type [Abstract]	'	'
Stock options	$412,000	$309,000
Restricted stock unit awards, including performance-based	2,051,000	1,986,000
Employee stock purchases	37,000	42,000
Director deferred compensation	17,000	30,000
Total stock-based compensation expense	2,517,000	2,367,000
Income tax benefit recognized	933,000	876,000
Stock-based compensation expense, net of income tax	1,584,000	1,491,000
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Shares Awarded (in shares)	1,759	2,312
Shares of common stock purchased during the period under the employee stock purchase plan (in shares)	3,101	3,481
Weighted-average grant date fair value of stock options granted (in dollars per share)	$24.22	$17.52
Grant date fair value of shares purchased through the employee stock purchase plan (in dollars per share)	$15.19	$12.04
Purchase price paid for stock purchased through the employee stock purchase plan (in dollars per share)	$44.95	$44.80
Total compensation costs related to nonvested restricted stock unit awards not yet recognized	$11,200,000	'
Weighted-average period over which nonvested restricted stock unit awards are expected to be recognized (in years)	'2 years 9 months 18 days	'
Stock Options [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Shares Awarded (in shares)	16,996	17,623
Restricted Stock Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Shares Awarded (in shares)	62,503	62,625
Performance-based Restricted Stock Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Shares Awarded (in shares)	25,300	36,700
Deferred Stock Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Shares Awarded (in shares)	10,006	6,897

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended
	3-May-14	4-May-13
Earnings Per Share [Abstract]	'	'
Weighted-average shares used in basic computations (in shares)	25,846,000	25,906,000
Dilutive equity awards (in shares)	285,000	422,000
Weighted-average shares used in diluted computations (in shares)	26,131,000	26,328,000
Nonvested Stock Awards [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from the computation of earnings per share (in shares)	47,340	'
Incremental dilutive impact if performance criteria had been achieved (in shares)	16,618	'
Stock Options [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from the computation of earnings per share (in shares)	0	0

Stock_Repurchase_Activity_Deta

Stock Repurchase Activity (Details) (USD $)	3 Months Ended
	3-May-14	4-May-13	Feb. 01, 2014
Equity, Class of Treasury Stock [Line Items]	'	'	'
Amount authorized under stock repurchase program	$250,000,000	'	'
Shares of common stock repurchased during the period (in shares)	277,443	99,430	'
Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements (in shares)	79,443	76,924	'
Value of common stock repurchased during current period	15,300,000	5,400,000	'
Value of tax withholding payments related to shares acquired from holders of restricted stock unit awards	4,500,000	4,300,000	'
Shares of common stock repurchased to date (in shares)	12,666,974	'	12,389,531
Value of common stock repurchased to date	358,680,000	'	343,363,000
Value of shares of common stock remaining available for repurchase under the program	$218,800,000	'	'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	3 Months Ended
	3-May-14	Feb. 01, 2014
	Lease
Commitments and Contingencies [Abstract]	'	'
Capital lease obligation	$3,500,000	$3,200,000
Capital lease obligation included in short-term liabilities	400,000	300,000
Capital lease obligation included in long-term liabilities	3,100,000	2,900,000
Stores opened	16	'
Stores closed	4	'
Increase in retail store lease commitments	12	'
Future Minimum Lease Payments, Capital Leases [Abstract]	'	'
Remaining Fiscal 2015	509,000	'
Fiscal 2016	681,000	'
Fiscal 2017	691,000	'
Fiscal 2018	691,000	'
Fiscal 2019	685,000	'
Fiscal 2020	658,000	'
Thereafter	1,101,000	'
Total minimum lease payments	5,016,000	'
Less amount representing interest	1,551,000	'
Present value of total minimum lease payments	3,465,000	'
Future Minimum Lease Payment, Operating Leases [Abstract]	'	'
Remaining Fiscal 2015	38,597,000	'
Fiscal 2016	42,865,000	'
Fiscal 2017	34,414,000	'
Fiscal 2018	26,189,000	'
Fiscal 2019	18,761,000	'
Fiscal 2020	11,341,000	'
Thereafter	21,575,000	'
Total minimum lease payments	193,742,000	'
Amount representing interest	0	'
Present value of total minimum lease payments	193,742,000	'
Future Minimum Lease Payments, Total [Abstract]	'	'
Remaining Fiscal 2015	39,106,000	'
Fiscal 2016	43,546,000	'
Fiscal 2017	35,105,000	'
Fiscal 2018	26,880,000	'
Fiscal 2019	19,446,000	'
Fiscal 2020	11,999,000	'
Thereafter	22,676,000	'
Total minimum lease payments	198,758,000	'
Amount representing interest	1,551,000	'
Present value of total minimum lease payments	197,207,000	'
Distribution Center [Abstract]	'	'
Future minimum lease payments related to distribution center	600,000	'
Annual Bonuses and Equity Incentive Awards [Abstract]	'	'
Annual bonus related expenses included in accrued payroll expenses	$1,200,000	$4,000,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3-May-14
In Millions, unless otherwise specified
Reconciliation of unrecognized tax benefit [Roll Forward]	'
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Lower Bound	$0.40
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	$0.50