Kirkland's (KIRK) 10-Q 3 Dec 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2020	Nov. 27, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Registrant Name	KIRKLAND'S, INC
Entity Central Index Key	0001056285
Current Fiscal Year End Date	--01-30
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,255,596
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity File Number	000-49885
Entity Tax Identification Number	62-1287151
Entity Address, Address Line One	5310 Maryland Way
Entity Address, City or Town	Brentwood
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37027
Entity Incorporation, State or Country Code	TN
City Area Code	615
Local Phone Number	872-4800
Title of 12(b) Security	Common Stock
Trading Symbol	KIRK
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Current assets:
Cash and cash equivalents	$ 37,189	$ 30,132	$ 4,202
Inventories, net	83,874	94,674	140,222
Income taxes receivable	5,441	243	547
Prepaid expenses and other current assets	9,586	6,462	7,870
Total current assets	136,090	131,511	152,841
Property and equipment:
Equipment	20,583	21,390	21,524
Furniture and fixtures	74,121	80,622	80,869
Leasehold improvements	111,155	123,022	125,294
Computer software and hardware	78,636	73,984	73,311
Projects in progress	1,382	6,862	11,815
Property and equipment, gross	285,877	305,880	312,813
Accumulated depreciation	(217,737)	(223,017)	(216,717)
Property and equipment, net	68,140	82,863	96,096
Operating lease right-of-use assets	156,924	200,067	210,213
Deferred income taxes	0	1,525	944
Other assets	5,831	6,476	6,283
Total assets	366,985	422,442	466,377
Current liabilities:
Accounts payable	53,339	59,513	68,395
Accrued expenses	27,037	28,773	23,527
Operating lease liabilities	46,015	53,154	53,210
Total current liabilities	126,391	141,440	145,132
Operating lease liabilities	159,030	195,736	206,789
Revolving line of credit	0	0	25,000
Other liabilities	8,147	8,311	8,883
Total liabilities	293,568	345,487	385,804
Shareholders’ equity:
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at October 31, 2020, February 1, 2020, and November 2, 2019, respectively	0	0	0
Common stock, no par value; 100,000,000 shares authorized; 14,255,596; 13,955,826; and 13,897,530 shares issued and outstanding at October 31, 2020, February 1, 2020, and November 2, 2019, respectively	173,792	172,885	171,585
Accumulated deficit	(100,375)	(95,930)	(91,012)
Total shareholders’ equity	73,417	76,955	80,573
Total liabilities and shareholders’ equity	$ 366,985	$ 422,442	$ 466,377

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Statement Of Financial Position [Abstract]
Preferred stock, par value
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0	0
Preferred stock, shares outstanding (in shares)	0	0	0
Common stock, par value
Common stock, shares authorized (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	14,255,596	13,955,826	13,897,530
Common stock, shares outstanding (in shares)	14,255,596	13,955,826	13,897,530

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Income Statement [Abstract]
Net sales	$ 146,609	$ 144,936	$ 348,578	$ 394,469
Cost of sales	93,738	104,800	249,751	276,792
Cost of sales related to merchandise purchased from related party vendor	0	0	0	14,749
Cost of sales	93,738	104,800	249,751	291,541
Gross profit	52,871	40,136	98,827	102,928
Operating expenses:
Compensation and benefits	21,343	29,115	60,157	83,333
Other operating expenses	16,682	20,208	44,843	54,998
Depreciation (exclusive of depreciation included in cost of sales)	1,613	1,602	4,683	5,177
Asset impairment	177	3,392	9,027	7,251
Total operating expenses	39,815	54,317	118,710	150,759
Operating income (loss)	13,056	(14,181)	(19,883)	(47,831)
Interest expense	95	169	484	307
Other income	(86)	(158)	(272)	(712)
Income (loss) before income taxes	13,047	(14,192)	(20,095)	(47,426)
Income tax expense (benefit)	691	8,114	(15,650)	921
Net income (loss)	$ 12,356	$ (22,306)	$ (4,445)	$ (48,347)
Earnings (loss) per share:
Basic	$ 0.87	$ (1.61)	$ (0.31)	$ (3.42)
Diluted	$ 0.82	$ (1.61)	$ (0.31)	$ (3.42)
Weighted average shares outstanding:
Basic	14,249	13,867	14,121	14,116
Diluted	15,075	13,867	14,121	14,116

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Revision of Prior Period, Accounting Standards Update, Adjustment	Common Stock	Accumulated Deficit	Accumulated DeficitRevision of Prior Period, Accounting Standards Update, Adjustment
Balance, beginning of period at Feb. 02, 2019	$ 130,800		$ 169,477	$ (38,677)
Balance, beginning of period (Cumulative Effect of Change in Accounting Principle) at Feb. 02, 2019		$ (331)			$ (331)
Balance, beginning of period (in shares) at Feb. 02, 2019			14,504,824
Increase (Decrease) in Stockholders Equity [Roll Forward]
Employee stock purchases	68		$ 68
Employee stock purchases (in shares)			6,880
Stock-based compensation expense	560		$ 560
Repurchase and retirement of common stock	(2,368)			(2,368)
Repurchase and retirement of common stock (in shares)			(287,056)
Net income (loss)	(8,921)			(8,921)
Balance, end of period at May. 04, 2019	119,808		$ 170,105	(50,297)
Balance, end of period (in shares) at May. 04, 2019			14,224,648
Balance, beginning of period at Feb. 02, 2019	130,800		$ 169,477	(38,677)
Balance, beginning of period (Cumulative Effect of Change in Accounting Principle) at Feb. 02, 2019		$ (331)			$ (331)
Balance, beginning of period (in shares) at Feb. 02, 2019			14,504,824
Increase (Decrease) in Stockholders Equity [Roll Forward]
Exercise of stock options	$ 0
Repurchase and retirement of common stock (in shares)	(807,275)
Net income (loss)	$ (48,347)
Balance, end of period at Nov. 02, 2019	$ 80,573		$ 171,585	(91,012)
Balance, end of period (in shares) at Nov. 02, 2019	13,897,530		13,897,530
Balance, beginning of period at May. 04, 2019	$ 119,808		$ 170,105	(50,297)
Balance, beginning of period (in shares) at May. 04, 2019			14,224,648
Increase (Decrease) in Stockholders Equity [Roll Forward]
Employee stock purchases	77		$ 77
Employee stock purchases (in shares)			22,354
Restricted stock units vested			70,725
Net share settlement of restricted stock units	(44)		$ (44)
Net share settlement of restricted stock units, (in shares)			(10,792)
Stock-based compensation expense	731		$ 731
Repurchase and retirement of common stock	(1,046)			(1,046)
Repurchase and retirement of common stock (in shares)			(345,906)
Net income (loss)	(17,120)			(17,120)
Balance, end of period at Aug. 03, 2019	102,406		$ 170,869	(68,463)
Balance, end of period (in shares) at Aug. 03, 2019			13,961,029
Increase (Decrease) in Stockholders Equity [Roll Forward]
Employee stock purchases	45		$ 45
Employee stock purchases (in shares)			36,453
Restricted stock units vested			98,298
Net share settlement of restricted stock units	(33)		$ (33)
Net share settlement of restricted stock units, (in shares)			(23,937)
Stock-based compensation expense	704		$ 704
Repurchase and retirement of common stock	$ (243)			(243)
Repurchase and retirement of common stock (in shares)	(174,313)		(174,313)
Net income (loss)	$ (22,306)			(22,306)
Balance, end of period at Nov. 02, 2019	$ 80,573		$ 171,585	(91,012)
Balance, end of period (in shares) at Nov. 02, 2019	13,897,530		13,897,530
Balance, beginning of period at Feb. 01, 2020	$ 76,955		$ 172,885	(95,930)
Balance, beginning of period (in shares) at Feb. 01, 2020	13,955,826		13,955,826
Increase (Decrease) in Stockholders Equity [Roll Forward]
Employee stock purchases	$ 35		$ 35
Employee stock purchases (in shares)			34,999
Restricted stock units vested			32,341
Net share settlement of restricted stock units	(8)		$ (8)
Net share settlement of restricted stock units, (in shares)			(8,663)
Stock-based compensation expense	307		$ 307
Net income (loss)	(7,438)			(7,438)
Balance, end of period at May. 02, 2020	69,851		$ 173,219	(103,368)
Balance, end of period (in shares) at May. 02, 2020			14,014,503
Balance, beginning of period at Feb. 01, 2020	$ 76,955		$ 172,885	(95,930)
Balance, beginning of period (in shares) at Feb. 01, 2020	13,955,826		13,955,826
Increase (Decrease) in Stockholders Equity [Roll Forward]
Exercise of stock options	$ 12
Repurchase and retirement of common stock (in shares)	0
Net income (loss)	$ (4,445)
Balance, end of period at Oct. 31, 2020	$ 73,417		$ 173,792	(100,375)
Balance, end of period (in shares) at Oct. 31, 2020	14,255,596		14,255,596
Balance, beginning of period at May. 02, 2020	$ 69,851		$ 173,219	(103,368)
Balance, beginning of period (in shares) at May. 02, 2020			14,014,503
Increase (Decrease) in Stockholders Equity [Roll Forward]
Restricted stock units vested			230,688
Net share settlement of restricted stock units	(5)		$ (5)
Net share settlement of restricted stock units, (in shares)			(5,110)
Stock-based compensation expense	329		$ 329
Net income (loss)	(9,363)			(9,363)
Balance, end of period at Aug. 01, 2020	60,812		$ 173,543	(112,731)
Balance, end of period (in shares) at Aug. 01, 2020			14,240,081
Increase (Decrease) in Stockholders Equity [Roll Forward]
Exercise of stock options	12		$ 12
Exercise of stock options (in shares)			1,464
Restricted stock units vested			18,575
Net share settlement of restricted stock units	(39)		$ (39)
Net share settlement of restricted stock units, (in shares)			(4,524)
Stock-based compensation expense	$ 276		$ 276
Repurchase and retirement of common stock (in shares)	0
Net income (loss)	$ 12,356			12,356
Balance, end of period at Oct. 31, 2020	$ 73,417		$ 173,792	$ (100,375)
Balance, end of period (in shares) at Oct. 31, 2020	14,255,596		14,255,596

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
Cash flows from operating activities:
Net loss	$ (4,445)	$ (48,347)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation of property and equipment	17,810	21,156
Amortization of debt issue costs	70	41
Asset impairment	9,027	7,251
Cumulative effect of change in accounting principle	0	(331)
Loss on disposal of property and equipment	104	150
Stock-based compensation expense	912	1,995
Deferred income taxes	1,525	759
Changes in assets and liabilities:
Inventories, net	10,800	(55,788)
Prepaid expenses and other current assets	(3,124)	2,443
Accounts payable	(4,735)	27,845
Accounts payable to related party vendor	0	(8,166)
Accrued expenses	(1,704)	(3,547)
Income taxes receivable	(5,230)	(1,041)
Operating lease assets and liabilities	(7,091)	(7,161)
Other assets and liabilities	570	300
Net cash provided by (used in) operating activities	14,489	(62,441)
Cash flows from investing activities:
Proceeds from sale of property and equipment	168	0
Capital expenditures	(7,580)	(12,759)
Net cash used in investing activities	(7,412)	(12,759)
Cash flows from financing activities:
Borrowings on revolving line of credit	40,000	25,000
Repayments on revolving line of credit	(40,000)	0
Refinancing costs	(15)	0
Cash used in net share settlement of restricted stock units	(52)	(77)
Proceeds received from employees exercising stock options	12	0
Employee stock purchases	35	190
Repurchase and retirement of common stock	0	(3,657)
Net cash (used in) provided by financing activities	(20)	21,456
Cash and cash equivalents:
Net increase (decrease)	7,057	(53,744)
Beginning of the period	30,132	57,946
End of the period	37,189	4,202
Supplemental schedule of non-cash activities:
Non-cash accruals for purchases of property and equipment	414	1,818
Operating lease assets and liabilities recognized upon adoption of ASC 842	$ 0	$ 295,240

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Oct. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Note 1 - Description of Business and Basis of Presentation Nature of Business - Kirkland’s, Inc. (the “Company”) is a specialty retailer of home décor in the United States operating 381 stores in 35 states as of October 31, 2020, as well as an e-commerce website, www.kirklands.com. Principles of consolidation - The condensed consolidated financial statements of the Company include the accounts of Kirkland’s, Inc. and its wholly-owned subsidiaries, Kirkland’s Stores, Inc., Kirkland’s DC, Inc., and Kirkland’s Texas, LLC. Significant intercompany accounts and transactions have been eliminated. Basis of presentation - The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and are presented in accordance with the requirements of Form 10-Q and pursuant to the reporting and disclosure rules and regulations of the United States Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K filed with the SEC on April 10, 2020. Novel coronavirus (“COVID-19”) - The COVID-19 pandemic has created significant public health concerns as well as economic disruption, uncertainty, and volatility which has negatively affected the Company’s business operations. As a result, if the pandemic persists or worsens, accounting estimates and assumptions could be impacted in subsequent interim reports and upon final determination at year-end, and it is reasonably possible such changes could be significant, although the potential effects cannot be estimated at this time. On March 19, 2020, the Company closed all of its retail store locations in response to the COVID-19 pandemic. The Company took a number of actions to mitigate the impact of the decreased sales due to the COVID-19 related store closures including: • Cancelled orders and delayed merchandise receipts to manage inventory levels, and extended payment terms with product and non-product vendors to improve working capital. • After paying all store team members during the first two weeks of the closure, furloughed all part-time store employees and temporarily reduced the pay of full-time managers and key employees. • Permanently reduced corporate costs including permanent labor reductions, reduced marketing spend and lower corporate headquarters rent. • Permanently reduced distribution center indirect labor and furloughed a portion of direct distribution center labor, while further reducing hours to match demand. • Significantly reduced transportation expenses with limited deliveries to stores and the delay/reduction of inbound freight receipts. • Borrowed $40 million on its $75 million revolving credit facility. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, permits net operating loss carry backs to offset 100% of taxable income for taxable years beginning before 2021. The CARES Act allows net operating losses incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company received $12.3 million in federal tax refunds under the CARES Act for previous year filings during the 13-week period ended August 1, 2020. The CARES Act also provides for an employee retention payroll tax credit for employers subject to closures due to COVID-19. In addition, the CARES Act permits delayed payment of the employer-portion of social security taxes. The delay applies to social security taxes due on wages paid between the date of enactment of the CARES Act and January 1, 2021 with half of the delayed payroll taxes due by December 31, 2021 and the other half due by December 31, 2022. The Company pursued all relevant measures under the CARES Act during the 13 and 39-week periods ended October 31, 2020, including net operating loss carry backs, wage credits and payroll tax deferrals in order to improve liquidity. We will continue to assess our treatment of the CARES Act to the extent additional guidance and regulations are issued. During the 13-week period ended August 1, 2020, the Company repaid the $40 million that was borrowed under the revolving credit facility, and the Company’s stores started offering contactless curbside pickup and then reopened to in-store customer traffic throughout the second period consistent with applicable federal, state and local regulations and restrictions. Stores initially reopened with restricted operating hours and limited staffing with store merchandise deliveries from the distribution centers gradually resuming. During the 13-week period ended October 31, 2020, the Company’s sales improved with increased e-commerce demand, and stores generally increased their operating hours, staffing and merchandise deliveries. The increased sales combined with the reduced merchandise receipts led to inventory shortages in key categories. The extent of the impact of COVID-19 on our business and financial results will depend on future developments, including the duration and spread of the outbreak within the markets in which we operate and the related impact on customer confidence and spending, all of which remain highly uncertain. Seasonality - The results of the Company’s operations for the 13 and 39-week periods ended October 31, 2020 are not indicative of the results to be expected for any other interim period or for the entire fiscal year due to seasonality factors. Fiscal year - The Company’s fiscal year ends on the Saturday closest to January 31, resulting in years of either 52 or 53 weeks. Accordingly, fiscal 2020 represents the 52 weeks ending on January 30, 2021 and fiscal 2019 represented the 52 weeks ended on February 1, 2020. Use of estimates - The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from the estimates and assumptions used. It should be understood that accounting measurements at interim dates inherently involve greater reliance on estimates than those at fiscal year-end. Changes in estimates are recognized in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include, but are not limited to, impairment assessments of long-lived assets, inventory reserves, self-insurance reserves and income taxes. Gift cards - The Company uses the redemption recognition method to account for breakage for unused gift card amounts where breakage is recognized as gift cards are redeemed for the purchase of goods based upon a historical breakage rate. In these circumstances, to the extent the Company determines there is no requirement for remitting card balances to government agencies under unclaimed property laws, such amounts are recognized in the condensed consolidated statements of operations as a component of net sales. The table below sets forth selected gift card liability information (in thousands) included in accrued expenses in the condensed consolidated balance sheets for the periods indicated: October 31, 2020 February 1, 2020 November 2, 2019 Gift card liability, net of estimated breakage $ 11,915 $ 13,128 $ 11,187 The table below sets forth selected gift card breakage and redemption information (in thousands) for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Gift card breakage revenue $ 208 $ 243 $ 555 $ 774 Gift card redemptions recognized in the current period related to amounts included in the gift card contract liability balance as of the prior period 1,724 1,814 4,220 5,349

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 2 - Income Taxes An estimate of the annual effective tax rate is used at each interim period based on the facts and circumstances available at that time, while the actual effective tax rate is calculated at year-end. For the 39-week period ended October 31, 2020, the Company was not able to use the estimated annual effective tax rate due to an inability to reliably estimate the annual effective tax rate; therefore, the actual effective tax rate for the period was used. For the 13-week periods ended October 31, 2020 and November 2, 2019, the Company recorded income tax expense of 5.3% and 57.2% of the income (loss) before income taxes, respectively. For the 39-week periods ended October 31, 2020 and November 2, 2019, the Company recorded an income tax benefit of 77.9% and income tax expense of 1.9% of the loss before income taxes, respectively. The change in income taxes for the 13-week period ended October 31, 2020, compared to the prior year period, was primarily due to using the discrete method in the current period compared to using the estimated annual effective tax rate method along with recording a valuation allowance against deferred tax assets in the prior year period. The change in the income tax rate for the 39-week period ended October 31, 2020, compared to the prior year period, was primarily due to a $12.3 million income tax benefit related to the carryback of the 2019 federal net operating loss to prior periods pursuant to the CARES Act, a $2.0 million income tax benefit related to the carryback of the projected fiscal 2020 loss to years with a 35% statutory tax rate, partially offset by $3.0 million due to the valuation allowance against deferred tax assets compared to recording a $11.3 million valuation allowance against deferred tax assets in the prior year period. The Company recognizes deferred tax assets and liabilities using estimated future tax rates for the effect of temporary differences between the book and tax basis of recorded assets and liabilities, including net operating loss carry forwards. Management assesses the realizability of deferred tax assets and records a valuation allowance if it is more likely than not that all or a portion of the deferred tax assets will not be realized. The Company considers the probability of future taxable income and our historical profitability, among other factors, in assessing the amount of the valuation allowance. Adjustments could be required in the future if the Company estimates that the amount of deferred tax assets to be realized is more than the net amount recorded. Any change in the valuation allowance could have the effect of increasing or decreasing the income tax provision in the statement of operations based on the nature of the deferred tax asset deemed realizable in the period in which such determination is made.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Oct. 31, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Note 3 – Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares outstanding during each period presented. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares outstanding plus the dilutive effect of stock equivalents outstanding during the applicable periods using the treasury stock method. Diluted earnings (loss) per share reflects the potential dilution that could occur if options to purchase stock were exercised into common stock and if outstanding grants of restricted stock were vested. Stock options and restricted stock units that were not included in the computation of diluted earnings (loss) per share, because to do so would have been antidilutive, were approximately 1.2 million shares and 1.6 million shares for the 13-week periods ended October 31, 2020 and November 2, 2019, respectively, and 1.4 million shares and 1.6 million shares for the 39-week periods ended October 31, 2020 and November 2, 2019, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 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 (an exit price) in an orderly transaction between market participants on the measurement date. The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying amounts of cash and cash equivalents, accounts receivable, other current assets and accounts payable approximate fair value because of their short maturities. The Company maintained The Executive Non-Qualified Excess Plan (the “Deferred Compensation Plan”). The Deferred Compensation Plan was funded, and the Company invested participant deferrals into trust assets, which were invested in a variety of mutual funds that were Level 1 inputs. The plan assets and plan liabilities were adjusted to fair value on a recurring basis. The Board of Directors approved the termination of the Deferred Compensation Plan effective September 6, 2019, and all remaining balances in the Deferred Compensation Plan were paid out during the 13-week period ended October 31, 2020. Deferred Compensation Plan assets and liabilities were approximately $1.9 million and $1.8 million as of February 1, 2020 and November 2, 2019, respectively, and were recorded in other assets and other liabilities in the condensed consolidated balance sheets. The Company measures certain assets at fair value on a non-recurring basis, including the evaluation of long-lived assets for impairment using Company-specific assumptions that would fall within Level 3 of the fair value hierarchy. The Company uses market participant rents to calculate the fair value of right-of-use assets and discounted future cash flows of the asset or asset group using a discount rate that approximates the cost of capital of a market participant to quantify fair value for other long-lived assets. See Note 10 to the condensed consolidated financial statements for further discussion.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5 - Commitments and Contingencies The Company was named as a defendant in a putative class action filed in April 2017 in the United States District Court for the Western District of Pennsylvania, Gennock v. Kirkland’s, Inc. The complaint alleged that the Company, in violation of federal law, published more than the last five digits of a credit or debit card number on customers’ receipts. On October 21, 2019, the District Court dismissed the matter and ruled that the Plaintiffs did not have standing based on the Third Circuit’s recent decision in Kamal v. J. Crew Group, Inc., 918 F.3d 102 (3d. Cir. 2019). Following the dismissal in federal court, on October 25, 2019, the Plaintiffs filed a Praecipe to Transfer the case to Pennsylvania state court, and on August 20, 2020, the court ruled that the Plaintiffs have standing. However, the court also certified the standing issue for an interlocutory appeal, and the Company has filed a petition for allowance of appeal with the Pennsylvania Supreme Court. The Company continues to believe that the case is without merit and intends to continue to vigorously defend itself against the allegations. The matter is covered by insurance, and the Company does not believe that the case will have a material adverse effect on its consolidated financial condition, operating results or cash flows. The Company has been named as a defendant in a putative class action filed in May 2018 in the Superior Court of California, Miles v. Kirkland’s Stores, Inc. The case has been removed to Federal Court, Central District of California, and trial is currently set for November 8, 2021. The complaint alleges, on behalf of Miles and all other hourly Kirkland’s employees in California, various wage and hour violations. Kirkland’s denies the material allegations in the complaint and believes that its employment policies are generally compliant with California law. The parties are currently engaging in discovery, and the Plaintiff has until April 9, 2021, to file for class certification. The Company believes the case is without merit and intends to vigorously defend itself against the allegations. The Company is also party to other pending legal proceedings and claims that arise in the normal course of business. Although the outcome of such proceedings and claims cannot be determined with certainty, the Company’s management is of the opinion that it is unlikely that such proceedings and any claims in excess of insurance coverage will have a material effect on its consolidated financial condition, operating results or cash flows.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note 6 - Stock-Based Compensation The Company maintains equity incentive plans under which it may grant non-qualified stock options, incentive stock options, restricted stock, restricted stock units, or stock appreciation rights to employees, non-employee directors and consultants. Compensation expense is recognized on a straight-line basis over the vesting periods of each grant. There have been no material changes in the assumptions used to compute compensation expense during the current year. The table below sets forth selected stock-based compensation information (in thousands, except share amounts) for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Stock-based compensation expense (included in compensation and benefits on the condensed consolidated statements of operations) $ 276 $ 704 $ 912 $ 1,995 Stock options granted — 74,468 — 504,961 Restricted stock units granted — 42,424 1,050,421 501,141

Related Party Transactions

Related Party Transactions	9 Months Ended
	Oct. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 7 - Related Party Transactions The Company had an agreement with a related party vendor to purchase merchandise inventory. The vendor was considered a related party for financial reporting purposes because its principal owner is the spouse of the Company’s former Vice President of Product Development and Trend. As of June 14, 2019, the vendor is no longer a related party. The table below sets forth selected results related to this vendor, for the time period that the vendor was a related party, in dollars (in thousands) and percentages for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Related Party Vendor: Purchases $ — $ — $ — $ 19,577 Purchases as a percent of total merchandise purchases — % — % — % 9.4 %

Share Repurchase Plan

Share Repurchase Plan	9 Months Ended
	Oct. 31, 2020
Treasury Stock Transactions [Abstract]
Share Repurchase Plan	Note 8 - Share Repurchase Plan On September 24, 2018, the Company announced that its Board of Directors authorized a share repurchase plan providing for the purchase in the aggregate of up to $10 million of the Company’s outstanding common stock. Repurchases of shares will be made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including stock price, regulatory limitations and other market and economic factors. The share repurchase plan does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase plan at any time. As of October 31, 2020, the Company had approximately $21,000 remaining under the current share repurchase plan. The table below sets forth selected share repurchase plan information (in thousands, except share amounts) for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Shares repurchased and retired — 174,313 — 807,275 Share repurchase cost $ — $ 243 $ — $ 3,657

Senior Credit Facility

Senior Credit Facility	9 Months Ended
	Oct. 31, 2020
Debt Disclosure [Abstract]
Senior Credit Facility	Note 9 - Senior Credit Facility On December 6, 2019, the Company entered into a Second Amended and Restated Credit Agreement (the “2019 Credit Agreement”) with Bank of America, N.A. as administrative agent and collateral agent, and lender. The 2019 Credit Agreement replaced the Company’s Amended and Restated Credit Agreement dated as of August 19, 2011, as amended by that Joinder and First Amendment to Amended and Restated Credit Agreement dates as of February 26, 2016 (the “2016 Credit Agreement”) and, together with the 2019 Credit Agreement, the (“Credit Agreements”). Like the 2016 Credit Agreement, the 2019 Credit Agreement contains a $75 million senior secured revolving credit facility, a swingline availability of $10 million and a $25 million incremental accordion feature. The 2019 Credit Agreement contains substantially similar terms and conditions as the 2016 Credit Agreement, and extended its maturity date to December 2024. The 2016 Credit Agreement was scheduled to expire in February 2021. Advances under the Credit Agreements bear interest at an annual rate equal to LIBOR plus a margin ranging from 125 to 175 basis points with no LIBOR floor, and the fee paid to the lender on the unused portion of the credit facility is 25 basis points per annum. Borrowings under the Credit Agreements are subject to certain conditions and contain customary events of default, including, without limitation, failure to make payments, a cross-default to certain other debt, breaches of covenants, breaches of representations and warranties, a change in control, certain monetary judgments and bankruptcy and ERISA events. Upon any such event of default, the principal amount of any unpaid loans and all other obligations under the Credit Agreements may be declared immediately due and payable. The maximum availability under the facility is limited by a borrowing base formula which consists of a percentage of eligible inventory and eligible credit card receivables, less reserves. The Company is subject to a Second Amended and Restated Security Agreement (the “Security Agreement”) with its lender. Pursuant to the Security Agreement, the Company pledged and granted to the administrative agent, for the benefit of itself and the secured parties specified therein, a lien on and security interest in all of the rights, title and interest in substantially all of the Company’s assets to secure the payment and performance of the obligations under the Credit Agreements. As of October 31, 2020, the Company was in compliance with the covenants in the 2019 Credit Agreement. Under the 2019 Credit Agreement, there were no outstanding borrowings and $1,750,000 in letters of credit outstanding, with approximately $69.7 million available for borrowing, as of October 31, 2020.

Impairments

Impairments	9 Months Ended
	Oct. 31, 2020
Impairments [Abstract]
Impairments	Note 10 - Impairments The Company evaluates the recoverability of the carrying amounts of long-lived assets when events or changes in circumstances dictate that their carrying values may not be recoverable. This review includes the evaluation of individual under-performing retail stores and assessing the recoverability of the carrying value of the assets related to the stores. Future cash flows are projected for the remaining lease life. If the estimated future cash flows are less than the carrying value of the assets, the Company records an impairment charge equal to the difference between the assets’ fair value and carrying value. The fair value is estimated using a discounted cash flow approach considering such factors as future sales levels, gross margins, changes in rent and other expenses as well as the overall operating environment specific to that store. The amount of the impairment charge is allocated proportionately to all assets in the asset group with no asset written down below its individual fair value. In connection with the adoption of the new lease accounting standard at the beginning of fiscal 2019, the Company reviewed its store portfolio for possible impairment, as the new right-of-use assets were included as part of the long-lived asset group that During the 13-week periods ended October 31, 2020 and November 2, 2019, the Company recorded an impairment charge of approximately $15,000 and $41,000 for right-of-use asset impairment at two stores and one store, respectively. The Company also recorded an impairment charge totaling approximately $162,000 and $3.4 million for the 13-week periods ended October 31, 2020 and November 2, 2019, respectively, for leasehold improvements, fixtures and equipment at four stores and 17 stores, respectively, for which the carrying values exceed the respective fair values for these assets. The total impairment charge, net of tax, for the 13-week periods ended October 31, 2020 and November 2, 2019 was $121,000 and $2.5 million, respectively. During the 39-week periods ended October 31, 2020 and November 2, 2019, the Company recorded an impairment charge of approximately $6.2 million and $525,000 for right-of-use asset impairment at 24 stores and three stores, respectively. The Company also recorded an impairment charge totaling approximately $2.8 million and $6.7 million for the 39-week periods ended October 31, 2020 and November 2, 2019, respectively, for leasehold improvements, fixtures and equipment at

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Oct. 31, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
New Accounting Pronouncements	Note 11 - New Accounting Pronouncements New Accounting Pronouncements Recently Adopted In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement,” which amends the disclosure requirements for fair value measurements by removing, modifying and adding certain disclosures. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. The Company adopted this guidance in the first quarter of fiscal 2020. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes.” The amendments in this ASU simplify the accounting for income taxes by removing specific exceptions included in Topic 740, introducing simplifications and making technical corrections. For public business entities, the amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2020, with early adoption permitted. The Company adopted this guidance in the second quarter of fiscal 2020. For the 26-week period ended August 1, 2020, the pretax loss was greater than the forecasted pretax loss for the year, which historically resulted in a calculation that limited the tax benefit that could be recorded. The adoption of ASU 2019-12 provided the Company an exception to this methodology. The adoption of this guidance did not have any other material impact on the Company’s condensed consolidated financial statements and related disclosures. New Accounting Pronouncements Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This guidance is in response to accounting concerns regarding contract modifications and hedge accounting because of impending rate reform associated with structural risks of interbank offered rates (IBORs), and, particularly, the risk of cessation of the London Interbank Offered Rate (LIBOR) related to regulators in several jurisdictions around the world having undertaken reference rate reform initiatives to identify alternative reference rates. The guidance provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The adoption of this guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements and related disclosures.

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 12 - Subsequent Events On December 3, 2020, the Company announced that its Board of Directors authorized a new share repurchase plan providing for the purchase in the aggregate of $20 million of the Company’s outstanding common stock. Repurchases of shares will be made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including stock price, regulatory limitations and other market and economic factors. The share repurchase program does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase program at any time.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Oct. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business	Nature of Business - Kirkland’s, Inc. (the “Company”) is a specialty retailer of home décor in the United States operating 381 stores in 35 states as of October 31, 2020, as well as an e-commerce website, www.kirklands.com.
Principles of Consolidation	Principles of consolidation - The condensed consolidated financial statements of the Company include the accounts of Kirkland’s, Inc. and its wholly-owned subsidiaries, Kirkland’s Stores, Inc., Kirkland’s DC, Inc., and Kirkland’s Texas, LLC. Significant intercompany accounts and transactions have been eliminated.
Basis of Presentation	Basis of presentation - The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and are presented in accordance with the requirements of Form 10-Q and pursuant to the reporting and disclosure rules and regulations of the United States Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K filed with the SEC on April 10, 2020.
Novel coronavirus ("COVID-19")	Novel coronavirus (“COVID-19”) - The COVID-19 pandemic has created significant public health concerns as well as economic disruption, uncertainty, and volatility which has negatively affected the Company’s business operations. As a result, if the pandemic persists or worsens, accounting estimates and assumptions could be impacted in subsequent interim reports and upon final determination at year-end, and it is reasonably possible such changes could be significant, although the potential effects cannot be estimated at this time. On March 19, 2020, the Company closed all of its retail store locations in response to the COVID-19 pandemic. The Company took a number of actions to mitigate the impact of the decreased sales due to the COVID-19 related store closures including: • Cancelled orders and delayed merchandise receipts to manage inventory levels, and extended payment terms with product and non-product vendors to improve working capital. • After paying all store team members during the first two weeks of the closure, furloughed all part-time store employees and temporarily reduced the pay of full-time managers and key employees. • Permanently reduced corporate costs including permanent labor reductions, reduced marketing spend and lower corporate headquarters rent. • Permanently reduced distribution center indirect labor and furloughed a portion of direct distribution center labor, while further reducing hours to match demand. • Significantly reduced transportation expenses with limited deliveries to stores and the delay/reduction of inbound freight receipts. • Borrowed $40 million on its $75 million revolving credit facility. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, permits net operating loss carry backs to offset 100% of taxable income for taxable years beginning before 2021. The CARES Act allows net operating losses incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company received $12.3 million in federal tax refunds under the CARES Act for previous year filings during the 13-week period ended August 1, 2020. The CARES Act also provides for an employee retention payroll tax credit for employers subject to closures due to COVID-19. In addition, the CARES Act permits delayed payment of the employer-portion of social security taxes. The delay applies to social security taxes due on wages paid between the date of enactment of the CARES Act and January 1, 2021 with half of the delayed payroll taxes due by December 31, 2021 and the other half due by December 31, 2022. The Company pursued all relevant measures under the CARES Act during the 13 and 39-week periods ended October 31, 2020, including net operating loss carry backs, wage credits and payroll tax deferrals in order to improve liquidity. We will continue to assess our treatment of the CARES Act to the extent additional guidance and regulations are issued. During the 13-week period ended August 1, 2020, the Company repaid the $40 million that was borrowed under the revolving credit facility, and the Company’s stores started offering contactless curbside pickup and then reopened to in-store customer traffic throughout the second period consistent with applicable federal, state and local regulations and restrictions. Stores initially reopened with restricted operating hours and limited staffing with store merchandise deliveries from the distribution centers gradually resuming. During the 13-week period ended October 31, 2020, the Company’s sales improved with increased e-commerce demand, and stores generally increased their operating hours, staffing and merchandise deliveries. The increased sales combined with the reduced merchandise receipts led to inventory shortages in key categories. The extent of the impact of COVID-19 on our business and financial results will depend on future developments, including the duration and spread of the outbreak within the markets in which we operate and the related impact on customer confidence and spending, all of which remain highly uncertain.
Fiscal year	Seasonality - The results of the Company’s operations for the 13 and 39-week periods ended October 31, 2020 are not indicative of the results to be expected for any other interim period or for the entire fiscal year due to seasonality factors. Fiscal year - The Company’s fiscal year ends on the Saturday closest to January 31, resulting in years of either 52 or 53 weeks. Accordingly, fiscal 2020 represents the 52 weeks ending on January 30, 2021 and fiscal 2019 represented the 52 weeks ended on February 1, 2020.
Use of Estimates	Use of estimates - The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from the estimates and assumptions used. It should be understood that accounting measurements at interim dates inherently involve greater reliance on estimates than those at fiscal year-end. Changes in estimates are recognized in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include, but are not limited to, impairment assessments of long-lived assets, inventory reserves, self-insurance reserves and income taxes.
Gift Cards	Gift cards - The Company uses the redemption recognition method to account for breakage for unused gift card amounts where breakage is recognized as gift cards are redeemed for the purchase of goods based upon a historical breakage rate. In these circumstances, to the extent the Company determines there is no requirement for remitting card balances to government agencies under unclaimed property laws, such amounts are recognized in the condensed consolidated statements of operations as a component of net sales. The table below sets forth selected gift card liability information (in thousands) included in accrued expenses in the condensed consolidated balance sheets for the periods indicated: October 31, 2020 February 1, 2020 November 2, 2019 Gift card liability, net of estimated breakage $ 11,915 $ 13,128 $ 11,187 The table below sets forth selected gift card breakage and redemption information (in thousands) for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Gift card breakage revenue $ 208 $ 243 $ 555 $ 774 Gift card redemptions recognized in the current period related to amounts included in the gift card contract liability balance as of the prior period 1,724 1,814 4,220 5,349
New accounting pronouncements recently adopted and new accounting pronouncements not yet adopted	New Accounting Pronouncements Recently Adopted In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement,” which amends the disclosure requirements for fair value measurements by removing, modifying and adding certain disclosures. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. The Company adopted this guidance in the first quarter of fiscal 2020. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes.” The amendments in this ASU simplify the accounting for income taxes by removing specific exceptions included in Topic 740, introducing simplifications and making technical corrections. For public business entities, the amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2020, with early adoption permitted. The Company adopted this guidance in the second quarter of fiscal 2020. For the 26-week period ended August 1, 2020, the pretax loss was greater than the forecasted pretax loss for the year, which historically resulted in a calculation that limited the tax benefit that could be recorded. The adoption of ASU 2019-12 provided the Company an exception to this methodology. The adoption of this guidance did not have any other material impact on the Company’s condensed consolidated financial statements and related disclosures. New Accounting Pronouncements Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This guidance is in response to accounting concerns regarding contract modifications and hedge accounting because of impending rate reform associated with structural risks of interbank offered rates (IBORs), and, particularly, the risk of cessation of the London Interbank Offered Rate (LIBOR) related to regulators in several jurisdictions around the world having undertaken reference rate reform initiatives to identify alternative reference rates. The guidance provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The adoption of this guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements and related disclosures.

Description of Business and B_3

Description of Business and Basis of Presentation (Tables)	9 Months Ended
	Oct. 31, 2020
Payables And Accruals [Abstract]
Schedule of Gift Card Liability, Breakage and Redemption Information	The table below sets forth selected gift card liability information (in thousands) included in accrued expenses in the condensed consolidated balance sheets for the periods indicated: October 31, 2020 February 1, 2020 November 2, 2019 Gift card liability, net of estimated breakage $ 11,915 $ 13,128 $ 11,187 The table below sets forth selected gift card breakage and redemption information (in thousands) for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Gift card breakage revenue $ 208 $ 243 $ 555 $ 774 Gift card redemptions recognized in the current period related to amounts included in the gift card contract liability balance as of the prior period 1,724 1,814 4,220 5,349

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	The table below sets forth selected stock-based compensation information (in thousands, except share amounts) for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Stock-based compensation expense (included in compensation and benefits on the condensed consolidated statements of operations) $ 276 $ 704 $ 912 $ 1,995 Stock options granted — 74,468 — 504,961 Restricted stock units granted — 42,424 1,050,421 501,141

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Oct. 31, 2020
Related Party Transactions [Abstract]
Schedule of Selected Results Related to Vendor	The table below sets forth selected results related to this vendor, for the time period that the vendor was a related party, in dollars (in thousands) and percentages for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Related Party Vendor: Purchases $ — $ — $ — $ 19,577 Purchases as a percent of total merchandise purchases — % — % — % 9.4 %

Share Repurchase Plan (Tables)

Share Repurchase Plan (Tables)	9 Months Ended
	Oct. 31, 2020
Treasury Stock Transactions [Abstract]
Schedule of Share Repurchase Plan Information	The table below sets forth selected share repurchase plan information (in thousands, except share amounts) for the periods indicated: 13-Week Period Ended 39-Week Period Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Shares repurchased and retired — 174,313 — 807,275 Share repurchase cost $ — $ 243 $ — $ 3,657

Description of Business and B_4

Description of Business and Basis of Presentation - Additional Information (Details)	3 Months Ended	9 Months Ended
	Aug. 01, 2020USD ($)	Oct. 31, 2020USD ($)storestate	Nov. 02, 2019USD ($)
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of home decor and gifts store | store		381
Number of states | state		35
Borrowings on revolving line of credit		$ 40,000,000	$ 25,000,000
Line of credit facility maximum borrowing capacity		75,000,000
Federal tax refunds under the CARES Act	$ 12,300,000
Repayments on revolving line of credit	$ 40,000,000	$ 40,000,000	$ 0

Description of Business and B_5

Description of Business and Basis of Presentation - Schedule of Gift Card Liability, Breakage and Redemption Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Gift Card Breakage And Redemption [Abstract]
Gift card liability, net of estimated breakage	$ 11,915	$ 11,187	$ 11,915	$ 11,187	$ 13,128
Gift card breakage revenue	208	243	555	774
Gift card redemptions recognized in the current period related to amounts included in the gift card contract liability balance as of the prior period	$ 1,724	$ 1,814	$ 4,220	$ 5,349

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	5.30%	57.20%	(77.90%)	1.90%
Income tax benefit related to the carryback of the 2019 federal net operating loss to prior periods pursuant to the CARES Act			$ 12.3
Income tax benefit related to the carryback of the projected fiscal 2020 loss to years with a 35% statutory tax rate			2
Valuation allowance for deferred tax assets			$ 3	$ 11.3
Statutory tax rate			35.00%

Earnings (Loss) Per Share - Add

Earnings (Loss) Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Earnings Per Share [Abstract]
Stock options and restricted stock units not included in the computation of diluted earnings (loss) per share (in shares)	1.2	1.6	1.4	1.6

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	Feb. 01, 2020	Nov. 02, 2019
Fair Value Disclosures [Abstract]
Deferred compensation plan assets	$ 1.9	$ 1.8
Deferred compensation plan liabilities	$ 1.9	$ 1.8

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-based compensation expense (included in compensation and benefits on the condensed consolidated statements of operations)	$ 276	$ 704	$ 912	$ 1,995
Stock options granted		74,468		504,961
Restricted stock units granted		42,424	1,050,421	501,141

Related Party Transactions - Sc

Related Party Transactions - Schedule of Selected Results Related to Vendor (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Related Party Transactions [Abstract]
Purchases	$ 0	$ 0	$ 0	$ 19,577
Purchases as a percent of total merchandise purchases	0.00%	0.00%	0.00%	9.40%

Share Repurchase Plan - Additio

Share Repurchase Plan - Additional Information (Details) - USD ($)	Oct. 31, 2020	Sep. 24, 2018
Treasury Stock Transactions [Abstract]
Share repurchase plan, authorized amount		$ 10,000,000
Share repurchase plan, remaining authorized amount	$ 21,000

Share Repurchase Plan - Schedul

Share Repurchase Plan - Schedule of Share Repurchase Plan Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Treasury Stock Transactions [Abstract]
Shares repurchased and retired	0	174,313	0	807,275
Share repurchase cost	$ 0	$ 243	$ 0	$ 3,657

Senior Credit Facility - Additi

Senior Credit Facility - Additional Information (Details) - USD ($)	9 Months Ended
	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 75,000,000
Revolving line of credit	$ 0	$ 0	$ 25,000,000
Revolving credit facility
Line of Credit Facility [Line Items]
Percentage of fee on unused portion of the facility	0.25%
Letters of Credit Outstanding, Amount	$ 1,750,000
Revolving credit facility | Minimum
Line of Credit Facility [Line Items]
Interest at an annual rate equal to LIBOR plus a margin range	1.25%
Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Interest at an annual rate equal to LIBOR plus a margin range	1.75%
Secured credit facility | Revolving credit facility
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 75,000,000
Swingline availability	10,000,000
Incremental accordion feature	25,000,000
Revolving line of credit	0
Available borrowing capacity of line of credit facility	$ 69,700,000

Impairments - Additional Inform

Impairments - Additional Information (Details)	3 Months Ended		9 Months Ended
	Oct. 31, 2020USD ($)store	Nov. 02, 2019USD ($)store	Oct. 31, 2020USD ($)store	Nov. 02, 2019USD ($)store	Feb. 01, 2020USD ($)	May 04, 2019USD ($)
Impaired Long Lived Assets Held And Used [Line Items]
Accumulated deficit	$ (100,375,000)	$ (91,012,000)	$ (100,375,000)	$ (91,012,000)	$ (95,930,000)
Impairment of operating lease right-of-use assets	15,000	41,000	6,200,000	525,000
Impairment of leasehold improvements, fixtures, and equipment	162,000	3,400,000	2,800,000	6,700,000
impairment net of tax	$ 121,000	$ 2,500,000	$ 6,900,000	$ 5,500,000
Right of Use Asset [Member]
Impaired Long Lived Assets Held And Used [Line Items]
Number of Store Locations with Impairment | store	2	1	24	3
Property and Equipment [Member]
Impaired Long Lived Assets Held And Used [Line Items]
Number of Store Locations with Impairment | store	4	17	22	22
Cumulative Effect, Period of Adoption, Adjustment | Cumulative Effect of Change in Accounting Principle
Impaired Long Lived Assets Held And Used [Line Items]
Accumulated deficit						$ 300,000

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Details)	Oct. 31, 2020
ASU 2018-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	May 2, 2020
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true
ASU 2019-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Aug. 1, 2020

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($)	Dec. 03, 2020	Sep. 24, 2018
Subsequent Event [Line Items]
Share repurchase plan, authorized amount		$ 10,000,000
Subsequent Event
Subsequent Event [Line Items]
Share repurchase plan, authorized amount	$ 20,000,000