DICK'S Sporting Goods (DKS) 10-Q 27 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Nov. 02, 2013	Nov. 22, 2013	Nov. 22, 2013
		Common Stock	Class B Common Stock
Entity Registrant Name	'DICKS SPORTING GOODS INC	'	'
Entity Central Index Key	'0001089063	'	'
Current Fiscal Year End Date	'--02-01	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Document Type	'10-Q	'	'
Document Period End Date	2-Nov-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'Q3	'	'
Amendment Flag	'false	'	'
Entity Common Stock, Shares Outstanding	'	100,887,137	24,900,870
Entity Current Reporting Status	'Yes	'	'

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Income Statement [Abstract]	'	'	'	'
Net sales	$1,400,623	$1,312,072	$4,265,755	$4,030,818
Cost of goods sold, including occupancy and distribution costs	975,724	905,948	2,949,872	2,782,306
GROSS PROFIT	424,899	406,124	1,315,883	1,248,512
Selling, general and administrative expenses	333,724	314,637	983,382	921,631
Pre-opening expenses	12,122	9,294	18,736	14,311
INCOME FROM OPERATIONS	79,053	82,193	313,765	312,570
Impairment of available-for-sale investments	0	0	0	32,370
Interest expense	696	860	2,081	5,309
Other income	-2,735	-1,113	-10,675	-2,923
INCOME BEFORE INCOME TAXES	81,092	82,446	322,359	277,814
Provision for income taxes	31,115	32,307	123,398	116,855
NET INCOME	$49,977	$50,139	$198,961	$160,959
EARNINGS PER COMMON SHARE:	'	'	'	'
Basic (in dollars per share)	$0.41	$0.41	$1.62	$1.33
Diluted (in dollars per share)	$0.40	$0.40	$1.58	$1.28
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:	'	'	'	'
Basic (in shares)	123,221	122,103	122,942	121,181
Diluted (in shares)	125,842	125,938	125,766	125,825
Cash dividends declared per share (in dollars per share)	$0.13	$0.13	$0.38	$0.38

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Statement of Comprehensive Income [Abstract]	'	'	'	'
NET INCOME	$49,977	$50,139	$198,961	$160,959
OTHER COMPREHENSIVE (LOSS) INCOME:	'	'	'	'
Unrealized loss on securities available-for-sale, net of tax	0	0	0	-27,636
Reclassification adjustment for impairment of securities available-for-sale, net of tax	0	0	0	27,636
Foreign currency translation adjustment, net of tax	-3	8	-34	-4
COMPREHENSIVE INCOME	$49,974	$50,147	$198,927	$160,955

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS - UNAUDITED (USD $)	Nov. 02, 2013	Feb. 02, 2013	Oct. 27, 2012
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'	'
Cash and cash equivalents	$65,647	$345,214	$294,493
Accounts receivable, net	81,389	34,625	57,212
Income taxes receivable	34,635	15,737	2,779
Inventories, net	1,570,034	1,096,186	1,382,684
Prepaid expenses and other current assets	104,806	73,838	35,367
Deferred income taxes	48,414	30,289	26,755
Total current assets	1,904,925	1,595,889	1,799,290
Property and equipment, net	1,059,865	840,135	851,302
Intangible assets, net	98,792	98,903	99,033
Goodwill	200,594	200,594	200,594
Other assets:	'	'	'
Deferred income taxes	3,286	4,382	8,269
Other	80,433	147,904	111,093
Total other assets	83,719	152,286	119,362
TOTAL ASSETS	3,347,895	2,887,807	3,069,581
CURRENT LIABILITIES:	'	'	'
Accounts payable	738,196	507,247	665,608
Accrued expenses	316,421	269,900	296,232
Deferred revenue and other liabilities	106,847	146,362	96,233
Income taxes payable	0	68,746	0
Current portion of other long-term debt and leasing obligations	7,540	8,513	8,584
Total current liabilities	1,169,004	1,000,768	1,066,657
LONG-TERM LIABILITIES:	'	'	'
Revolving credit borrowings	116,400	0	0
Other long-term debt and leasing obligations	6,596	7,762	14,157
Deferred income taxes	29,160	7,413	0
Deferred revenue and other liabilities	328,712	284,540	283,835
Total long-term liabilities	480,868	299,715	297,992
COMMITMENTS AND CONTINGENCIES	'	'	'
STOCKHOLDERS' EQUITY:	'	'	'
Additional paid-in capital	937,742	874,236	855,881
Retained earnings	1,064,511	911,704	1,047,668
Accumulated other comprehensive income	78	112	114
Treasury stock, at cost	-305,539	-199,958	-199,958
Total stockholders' equity	1,698,023	1,587,324	1,704,932
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	3,347,895	2,887,807	3,069,581
Common Stock	'	'	'
STOCKHOLDERS' EQUITY:	'	'	'
Common stock	982	981	977
Class B Common Stock	'	'	'
STOCKHOLDERS' EQUITY:	'	'	'
Common stock	$249	$249	$250

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - UNAUDITED (USD $)	Total	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Common Stock	Common Stock
In Thousands, except Share data, unless otherwise specified							Class B Common Stock
BALANCE at Feb. 02, 2013	$1,587,324	$874,236	$911,704	$112	($199,958)	$981	$249
BALANCE (in shares) at Feb. 02, 2013	'	'	'	'	'	98,104,692	24,900,870
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Exercise of stock options	34,920	34,903	'	'	'	17	'
Exercise of stock options (in shares)	'	'	'	'	'	1,665,162	'
Restricted stock vested	0	-9	'	'	'	9	'
Restricted stock vested (in shares)	'	'	'	'	'	907,180	'
Minimum tax withholding requirements	-13,090	-13,087	'	'	'	-3	'
Minimum tax withholding requirements (in shares)	'	'	'	'	'	-280,346	'
Net income	198,961	'	198,961	'	'	'	'
Stock-based compensation	20,610	20,610	'	'	'	'	'
Total tax benefit from exercise of stock options	21,089	21,089	'	'	'	'	'
Foreign currency translation adjustment, net of taxes of $20	-34	'	'	-34	'	'	'
Purchase of shares for treasury	-105,603	'	'	'	-105,581	-22	'
Purchase of shares for treasury (in shares)	'	'	'	'	'	-2,179,943	'
Cash dividends declared	-46,154	'	-46,154	'	'	'	'
BALANCE at Nov. 02, 2013	$1,698,023	$937,742	$1,064,511	$78	($305,539)	$982	$249
BALANCE (in shares) at Nov. 02, 2013	'	'	'	'	'	98,216,745	24,900,870

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - UNAUDITED (Parenthetical) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013
Statement of Stockholders' Equity [Abstract]	'
Foreign currency translation adjustment, taxes	$20

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income	$198,961	$160,959
Adjustments to reconcile net income to net cash (used in) provided by operating activities:	'	'
Depreciation and amortization	113,437	88,627
Impairment of available-for-sale investments	0	32,370
Deferred income taxes	4,718	-10,128
Stock-based compensation	20,610	23,643
Excess tax benefit from exercise of stock options	-20,966	-61,461
Tax benefit from exercise of stock options	125	4,761
Other non-cash items	435	227
Changes in assets and liabilities:	'	'
Accounts receivable	-28,850	-17,374
Inventories	-473,848	-367,687
Prepaid expenses and other assets	-9,752	31,599
Accounts payable	209,346	178,700
Accrued expenses	3,440	18
Income taxes payable / receivable	-66,680	33,260
Deferred construction allowances	37,125	21,744
Deferred revenue and other liabilities	-45,804	-35,922
Net cash (used in) provided by operating activities	-57,703	83,336
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Capital expenditures	-196,862	-157,448
Purchase of JJB Sports convertible notes and equity securities	0	-31,986
Proceeds from sale of other assets	11,000	0
Deposits and purchases of other assets	-60,048	-54,819
Net cash used in investing activities	-245,910	-244,253
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Revolving credit borrowings, net	116,400	0
Payments on other long-term debt and leasing obligations	-2,139	-138,856
Construction allowance receipts	0	0
Proceeds from exercise of stock options	34,920	71,683
Excess tax benefit from exercise of stock options	20,966	61,461
Minimum tax withholding requirements	-13,090	-5,329
Cash paid for treasury stock	-105,603	-198,774
Cash dividends paid to stockholders	-48,977	-45,668
Increase (decrease) in bank overdraft	21,603	-23,505
Net cash provided by (used in) financing activities	24,080	-278,988
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	-34	-4
NET DECREASE IN CASH AND CASH EQUIVALENTS	-279,567	-439,909
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	345,214	734,402
CASH AND CASH EQUIVALENTS, END OF PERIOD	65,647	294,493
Supplemental disclosure of cash flow information:	'	'
Accrued property and equipment	81,025	44,568
Accrued deposits and purchases of other assets	0	14,500
Cash paid for interest	1,595	4,697
Cash paid for income taxes	$192,725	$100,939

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Nov. 02, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	Dick's Sporting Goods, Inc. (together with its subsidiaries, the "Company") is an authentic full-line sports and fitness specialty omni-channel retailer offering a broad assortment of high quality, competitively-priced brand name sporting goods equipment, apparel and footwear in a specialty store environment. When used in this Quarterly Report on Form 10-Q, unless the context otherwise requires or unless otherwise specified, any reference to "year" is to our fiscal year and the terms "we", "us", "the Company" and "our" refer to Dick's Sporting Goods, Inc. and its wholly-owned subsidiaries.
	The accompanying unaudited consolidated financial statements have been prepared by us in accordance with the requirements for Quarterly Reports on Form 10-Q and do not include all the disclosures normally required in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").  The interim consolidated financial statements are unaudited and have been prepared on the same basis as the annual audited consolidated financial statements.  In the opinion of management, such unaudited consolidated financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the interim financial information.  This unaudited interim financial information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended February 2, 2013 as filed with the Securities and Exchange Commission on March 22, 2013.  Operating results for the 13 and 39 weeks ended November 2, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ending February 1, 2014 or any other period.
	Recently Adopted Accounting Pronouncements
	Reclassifications Out of Accumulated Other Comprehensive Income
	In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-02, "Comprehensive Income – Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." This update requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, entities are required to present, either on the face of the statement where net income is presented or in the notes to the financial statements, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, entities are required to cross-reference to the related note to the financial statements where additional details about the effect of the reclassifications are disclosed. This ASU is effective prospectively for reporting periods beginning after December 15, 2012. The Company adopted ASU 2013-02 during the first quarter of 2013. The adoption of this guidance did not impact the Company's Consolidated Financial Statements.
	Indefinite-Lived Intangible Assets Impairment
	In July 2012, the FASB issued ASU 2012-02, "Testing Indefinite-Lived Intangible Assets for Impairment." This update amended the procedures for testing the impairment of indefinite-lived intangible assets by permitting an entity to first assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible assets are impaired. An entity's assessment of the totality of events and circumstances and their impact on the entity's indefinite-lived intangible assets will then be used as a basis for determining whether it is necessary to perform the quantitative impairment test as described in Accounting Standard Codification ("ASC") 350-30, "Intangibles – Goodwill and Other – General Intangibles Other than Goodwill." ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted ASU 2012-02 during the first quarter of 2013.  The adoption of this guidance did not impact the Company's Consolidated Financial Statements.

Store_Closings

Store Closings	9 Months Ended
	Nov. 02, 2013
Store Closings [Abstract]	'
Store Closings	'
	Store Closings
	The calculation of accrued store closing and relocation reserves primarily includes future minimum lease payments, maintenance costs and taxes from the date of closure or relocation to the end of the remaining lease term, net of contractual or estimated sublease income.  The liability is discounted using a credit-adjusted risk-free rate of interest.  The assumptions used in the calculation of the accrued store closing and relocation reserves are evaluated each quarter.
	The following table summarizes the activity in fiscal 2013 and 2012 (in thousands):
		39 Weeks Ended
		November 2,			October 27,
		2013			2012
	Accrued store closing and relocation reserves, beginning of period	$	31,785		$	36,121
	Expense charged to earnings	—			2,234
	Cash payments	(8,998		)	(7,511		)
	Interest accretion and other changes in assumptions	(3,550		)	1,548
	Accrued store closing and relocation reserves, end of period	19,237			32,392
	Less: current portion of accrued store closing and relocation reserves	(6,874		)	(7,447		)
	Long-term portion of accrued store closing and relocation reserves	$	12,363		$	24,945
	The current portion of accrued store closing and relocation reserves is included within accrued expenses and the long-term portion is included within long-term deferred revenue and other liabilities on the unaudited Consolidated Balance Sheets. The related expense is recorded within selling, general and administrative expenses on the unaudited Consolidated Statements of Income.

Earnings_Per_Common_Share

Earnings Per Common Share	9 Months Ended
	Nov. 02, 2013
Earnings Per Share [Abstract]	'
Earnings Per Common Share	'
	Earnings Per Common Share
	Basic earnings per common share is computed based on the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per common share is computed based on the weighted average number of shares of common stock, plus the effect of dilutive potential common shares outstanding during the period, using the treasury stock method.  Dilutive potential common shares include outstanding stock options, restricted stock and warrants.
	The computations for basic and diluted earnings per common share are as follows (in thousands, except per share data):
		13 Weeks Ended				39 Weeks Ended
		November 2,		October 27,		November 2,		October 27,
		2013		2012		2013		2012
	Net income	$	49,977	$	50,139	$	198,961	$	160,959
	Weighted average common shares outstanding (for basic calculation)	123,221		122,103		122,942		121,181
	Dilutive effect of stock-based awards	2,621		3,835		2,824		4,644
	Weighted average common shares outstanding (for diluted calculation)	125,842		125,938		125,766		125,825
	Earnings per common share - basic	$	0.41	$	0.41	$	1.62	$	1.33
	Earnings per common share - diluted	$	0.4	$	0.4	$	1.58	$	1.28
	Anti-dilutive stock-based awards excluded from diluted calculation	1,086		546		977		833

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Nov. 02, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).  ASC 820, "Fair Value Measurement and Disclosures", outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures, and prioritizes the inputs used in measuring fair value as follows:
	Level 1:	Observable inputs such as quoted prices in active markets;
	Level 2:	Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
	Level 3:	Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
	Assets measured at fair value on a recurring basis as of November 2, 2013 and February 2, 2013 are set forth in the table below (in thousands):
	Description		Level 1		Level 2			Level 3
	As of November 2, 2013
	Assets:
	Deferred compensation plan assets held in trust (1)		$	48,559	$	—		$	—
	Total assets		$	48,559	$	—		$	—
	As of February 2, 2013
	Assets:
	Deferred compensation plan assets held in trust (1)		$	36,871	$	—		$	—
	Total assets		$	36,871	$	—		$	—
	(1)	Consists of investments in various mutual funds made by eligible individuals as part of the Company's deferred compensation plan.
	The fair value of cash and cash equivalents, accounts receivable, accounts payable, revolving credit borrowings and certain other liabilities approximated book value due to the short-term nature of these instruments at both November 2, 2013 and February 2, 2013.
	The Company uses quoted prices in active markets to determine the fair value of the aforementioned assets determined to be Level 1 instruments.  The Company's policy for recognition of transfers between levels of the fair value hierarchy is to recognize any transfer at the end of the fiscal quarter in which the determination to transfer was made. There were no transfers between Levels 1 and 2 during the 39 weeks ended November 2, 2013.  The Company did not hold any Level 3 financial assets or liabilities as of November 2, 2013 and February 2, 2013.
	The following table provides a reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using Level 3 inputs (in thousands):
			13 Weeks Ended		39 Weeks Ended
			October 27,		October 27,
			2012		2012
	Beginning balance		$	—	$	—
	Transfers in		—		32,370
	Total realized losses included in net income		—		(32,370		)
	Ending balance		$	—	$	—
	Fiscal 2012 activity reflected the Company's impairment of its available-for-sale investment in JJB Sports Plc ("JJB Sports"). Due to the use of discounted expected future cash flows to derive the fair value of the investment, the Company reclassified the investment as a Level 3 investment during the fiscal quarter ended July 28, 2012. Realized losses are included within impairment of available-for-sale investments on the unaudited Consolidated Statement of Income.

Income_Taxes

Income Taxes	9 Months Ended
	Nov. 02, 2013
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	During the first quarter of 2013, the Company determined that it would recover $4.3 million of its investment in JJB Sports, which it had previously fully impaired. There is no related tax expense for this recovery as the Company reversed a portion of the deferred tax valuation allowance it had previously recorded for net capital loss carryforwards it did not expect to realize at the time its investment in JJB Sports was fully impaired.

Related_Party_Transaction

Related Party Transaction	9 Months Ended
	Nov. 02, 2013
Related Party Transactions [Abstract]	'
Related Party Transaction	'
	Related Party Transaction
	On July 17, 2013, the Company entered into a purchase agreement (the "Purchase Agreement") with SP Aviation, LLC, an entity 50% owned by our Chairman and Chief Executive Officer. Pursuant to the Purchase Agreement, the Company sold a Gulfstream G200 corporate aircraft to SP Aviation, LLC for $11.0 million, paid in cash, representing the Company's carrying value of the asset at the time of sale. The transaction was approved pursuant to the Company's Related Party Transaction Policy.

Subsequent_Event

Subsequent Event	9 Months Ended
	Nov. 02, 2013
Subsequent Events [Abstract]	'
Subsequent Event	'
	Subsequent Event
	On November 14, 2013, our Board of Directors declared a quarterly cash dividend in the amount of $0.125 per share of common stock and Class B common stock payable on December 27, 2013 to stockholders of record as of the close of business on December 6, 2013.

Store_Closings_Tables

Store Closings (Tables)	9 Months Ended
	Nov. 02, 2013
Store Closings [Abstract]	'
Schedule of the entity's accrued store closing and relocation reserves	'
	The following table summarizes the activity in fiscal 2013 and 2012 (in thousands):
		39 Weeks Ended
		November 2,			October 27,
		2013			2012
	Accrued store closing and relocation reserves, beginning of period	$	31,785		$	36,121
	Expense charged to earnings	—			2,234
	Cash payments	(8,998		)	(7,511		)
	Interest accretion and other changes in assumptions	(3,550		)	1,548
	Accrued store closing and relocation reserves, end of period	19,237			32,392
	Less: current portion of accrued store closing and relocation reserves	(6,874		)	(7,447		)
	Long-term portion of accrued store closing and relocation reserves	$	12,363		$	24,945

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Nov. 02, 2013
Earnings Per Share [Abstract]	'
Schedule of computations for basic and diluted earnings per common share	'
	The computations for basic and diluted earnings per common share are as follows (in thousands, except per share data):
		13 Weeks Ended				39 Weeks Ended
		November 2,		October 27,		November 2,		October 27,
		2013		2012		2013		2012
	Net income	$	49,977	$	50,139	$	198,961	$	160,959
	Weighted average common shares outstanding (for basic calculation)	123,221		122,103		122,942		121,181
	Dilutive effect of stock-based awards	2,621		3,835		2,824		4,644
	Weighted average common shares outstanding (for diluted calculation)	125,842		125,938		125,766		125,825
	Earnings per common share - basic	$	0.41	$	0.41	$	1.62	$	1.33
	Earnings per common share - diluted	$	0.4	$	0.4	$	1.58	$	1.28
	Anti-dilutive stock-based awards excluded from diluted calculation	1,086		546		977		833

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 02, 2013
Fair Value Disclosures [Abstract]	'
Schedule of assets measured at fair value on a recurring basis	'
	Assets measured at fair value on a recurring basis as of November 2, 2013 and February 2, 2013 are set forth in the table below (in thousands):
	Description		Level 1		Level 2			Level 3
	As of November 2, 2013
	Assets:
	Deferred compensation plan assets held in trust (1)		$	48,559	$	—		$	—
	Total assets		$	48,559	$	—		$	—
	As of February 2, 2013
	Assets:
	Deferred compensation plan assets held in trust (1)		$	36,871	$	—		$	—
	Total assets		$	36,871	$	—		$	—
	(1)	Consists of investments in various mutual funds made by eligible individuals as part of the Company's deferred compensation plan.
Schedule of the reconciliation of assets measured at fair value on a recurring basis using Level 3 inputs	'
	The following table provides a reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using Level 3 inputs (in thousands):
			13 Weeks Ended		39 Weeks Ended
			October 27,		October 27,
			2012		2012
	Beginning balance		$	—	$	—
	Transfers in		—		32,370
	Total realized losses included in net income		—		(32,370		)
	Ending balance		$	—	$	—

Store_Closings_Details

Store Closings (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012
Store Closings	'	'
Accrued store closing and relocation reserves, beginning of period	$31,785	$36,121
Expense charged to earnings	0	2,234
Cash payments	-8,998	-7,511
Interest accretion and other changes in assumptions	-3,550	1,548
Accrued store closing and relocation reserves, end of period	19,237	32,392
Less: current portion of accrued store closing and relocation reserves	-6,874	-7,447
Long-term portion of accrued store closing and relocation reserves	$12,363	$24,945

Earnings_Per_Common_Share_Deta

Earnings Per Common Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Earnings Per Share [Abstract]	'	'	'	'
Net income	$49,977	$50,139	$198,961	$160,959
Weighted average common shares outstanding (for basic calculation) (in shares)	123,221	122,103	122,942	121,181
Dilutive effect of stock-based awards (in shares)	2,621	3,835	2,824	4,644
Weighted average common shares outstanding (for diluted calculation) (in shares)	125,842	125,938	125,766	125,825
Earnings per common share - basic (in dollars per share)	$0.41	$0.41	$1.62	$1.33
Earnings per common share - diluted (in dollars per share)	$0.40	$0.40	$1.58	$1.28
Anti-dilutive stock-based awards excluded from diluted calculation (in shares)	1,086	546	977	833

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Oct. 27, 2012	Oct. 27, 2012	Nov. 02, 2013	Nov. 02, 2013	Feb. 02, 2013	Nov. 02, 2013	Feb. 02, 2013	Nov. 02, 2013	Feb. 02, 2013
				Level 1	Level 1	Level 2	Level 2	Level 3	Level 3
Fair Value Measurements	'	'	'	'	'	'	'	'	'
Deferred compensation plan assets held in trust	'	'	'	$48,559	$36,871	$0	$0	$0	$0
Total assets	'	'	'	48,559	36,871	0	0	0	0
Transfers from Level 1 to Level 2	'	'	0	'	'	'	'	'	'
Transfers from Level 2 to Level 1	'	'	0	'	'	'	'	'	'
Assets measured at fair value using Level 3 inputs	'	'	'	'	'	'	'	'	'
Beginning balance	0	0	'	'	'	'	'	'	'
Transfers in	0	32,370	'	'	'	'	'	'	'
Total realized losses included in net income	0	-32,370	'	'	'	'	'	'	'
Ending balance	$0	$0	'	'	'	'	'	'	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	4-May-13
Income Tax Disclosure [Abstract]	'
Estimated recovery related to previously impaired investment in JJB Sports	$4.30
Income tax expense related to estimated recovery of previously impaired investment in JJB Sports	$0

Related_Party_Transaction_Deta

Related Party Transaction (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Aug. 03, 2013
Related Party Transactions [Abstract]	'
Percentage of ownership interest in related party	50.00%
Proceeds from related party transaction	$11

Subsequent_Event_Details

Subsequent Event (Details) (Subsequent Event, USD $)	0 Months Ended
	Nov. 14, 2013
Subsequent Event	'
Declaration date	14-Nov-13
Payment date	27-Dec-13
Record date	6-Dec-13
Common Stock	'
Subsequent Event	'
Dividend amount (in dollars per share)	0.125
Class B Common Stock	'
Subsequent Event	'
Dividend amount (in dollars per share)	0.125