Sportsman's Warehouse (SPWH) 10-Q 17 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 28, 2017	Nov. 17, 2017
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Entity Central Index Key	1,132,105
Current Fiscal Year End Date	--02-03
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		42,579,145
Entity Current Reporting Status	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Current assets:
Cash and cash equivalents	$ 2,155	$ 1,911
Accounts receivable, net	404	411
Merchandise inventories	318,323	246,289
Prepaid expenses and other	4,005	7,313
Total current assets	324,887	255,924
Property and equipment, net	98,890	83,109
Deferred income taxes	4,485	5,097
Definite lived intangibles, net	763	2,118
Total assets	429,025	346,248
Current liabilities:
Accounts payable	69,453	31,549
Accrued expenses	54,641	49,586
Income taxes payable	3,210	979
Revolving line of credit	78,454	60,972
Current portion of long-term debt, net of discount and debt issuance costs	935	983
Current portion of deferred rent	3,949	3,150
Total current liabilities	210,642	147,219
Long-term liabilities:
Long-term debt, net of discount, debt issuance costs, and current portion	132,656	133,721
Deferred rent, noncurrent	42,793	35,307
Total long-term liabilities	175,449	169,028
Total liabilities	386,091	316,247
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding
Common stock, $.01 par value; 100,000 shares authorized; 42,579 and 42,269 shares issued and outstanding, respectively	426	422
Additional paid-in capital	81,224	80,146
Accumulated deficit	(38,716)	(50,567)
Total stockholders' equity	42,934	30,001
Total liabilities and stockholders' equity	$ 429,025	$ 346,248

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS - $ / shares shares in Thousands	Oct. 28, 2017	Jan. 28, 2017
CONDENSED CONSOLIDATED BALANCE SHEETS
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	42,579	42,269
Common stock, shares outstanding	42,579	42,269

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 218,115	$ 217,161	$ 566,506	$ 558,580
Cost of goods sold	141,152	142,896	372,310	369,658
Gross profit	76,963	74,265	194,196	188,922
Selling, general, and administrative expenses	57,443	53,719	164,207	149,348
Income from operations	19,520	20,546	29,989	39,574
Interest expense	(3,494)	(3,402)	(10,081)	(10,132)
Income before income taxes	16,026	17,144	19,908	29,442
Income tax expense	6,218	6,630	8,053	10,313
Net income	$ 9,808	$ 10,514	$ 11,855	$ 19,129
Earnings per share:
Basic	$ 0.23	$ 0.25	$ 0.28	$ 0.45
Diluted	$ 0.23	$ 0.25	$ 0.28	$ 0.45
Weighted-average shares of common stock outstanding:
Basic	42,576	42,245	42,464	42,165
Diluted	42,611	42,558	42,501	42,465

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
Cash flows from operating activities:
Net income	$ 11,855	$ 19,129
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of property and equipment	11,551	8,808
Amortization of discount on debt and deferred financing fees	534	932
Amortization of definite lived intangible	1,355	1,354
Change in deferred rent	8,284	5,015
(Gain) on asset dispositions	(14)
Deferred income taxes	612	362
Excess tax benefits from stock-based compensation arrangements		(449)
Stock-based compensation	1,437	2,463
Change in operating assets and liabilities:
Accounts receivable, net	7
Merchandise inventories	(72,037)	(86,250)
Prepaid expenses and other	3,202	4,492
Accounts payable	40,638	24,709
Accrued expenses	(2,078)	4,346
Income taxes payable and receivable	2,231	(54)
Net cash provided by (used in) operating activities	7,577	(15,143)
Cash flows from investing activities:
Purchase of property and equipment	(39,220)	(30,757)
Proceeds from deemed sale-leaseback transactions	6,130	2,741
Proceeds from sale of property and equipment	14
Net cash used in investing activities	(33,076)	(28,016)
Cash flows from financing activities:
Net borrowings on line of credit	17,482	60,050
Increase in book overdraft	10,157	5,535
Proceeds from issuance of common stock per employee stock purchase plan	283	258
Payment of withholdings on restricted stock units	(638)	(1,228)
Payment of deferred financing costs	(341)
Principal payments on long-term debt	(1,200)	(20,874)
Net cash provided by financing activities	25,743	43,741
Net change in cash and cash equivalents	244	582
Cash and cash equivalents at beginning of period	1,911	2,109
Cash and cash equivalents at end of period	2,155	2,691
Cash paid during the period for:
Interest, net of amounts capitalized	9,469	8,863
Income taxes	5,137	10,664
Supplemental schedule of noncash investing activities:
Purchases of property and equipment included in accounts payable and accrued expenses	$ 214	$ 1,807

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Oct. 28, 2017
Description of Business and Basis of Presentation
Description of Business and Basis of Presentation	(1) Description of Business and Basis of Presentation Description of Business Sportsman’s Warehouse Holdings, Inc. (“Holdings”) and its subsidiaries (collectively, the “Company”) operate retail sporting goods stores. As of October 28, 2017, the Company operated 86 stores in 22 states. The Company also operates an e-commerce platform at www.sportsmanswarehouse.com. The Company’s stores and website are aggregated into one single operating and reportable segment. Basis of Presentation The condensed consolidated financial statements included herein are unaudited and have been prepared by management of the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The Company’s condensed consolidated balance sheet as of January 28, 2017 was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and reflect all adjustments that are, in the opinion of management, necessary to summarize fairly our condensed consolidated financial statements for the periods presented. All of these adjustments are of a normal recurring nature. The results of the fiscal quarter ended October 28, 2017 are not necessarily indicative of the results to be obtained for the year ending February 3, 2018. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 filed with the SEC on March 24, 2017 (the “Fiscal 2016 Form 10-K”).

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 28, 2017
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Holdings and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Reporting Periods The Company operates on a fiscal calendar that, in a given fiscal year, consists of the 52- or 53-week period ending on the Saturday closest to January 31st. The fiscal third quarters ended October 28, 2017 and October 29, 2016 each consisted of 13 weeks and are referred to herein as the third quarters of fiscal year 2017 and 2016, respectively. Fiscal year 2016 contained 52 weeks of operations ended January 28, 2017. Fiscal year 2017 contains 53 weeks of operations and will end on February 3, 2018. Seasonality The Company’s business is generally seasonal, with a significant portion of total sales occurring during the third and fourth quarters of the fiscal year. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain costs are estimated for the full year and allocated to interim periods based on estimates of time expired, benefit received, or activity associated with the interim period. Segment Reporting The Company operates solely as a sporting goods retailer whose Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer. The CODM reviews financial information presented on a consolidated and individual store, e-commerce, and cost center basis, for purposes of allocating resources and evaluating financial performance. The Company’s stores and e-commerce platform offer essentially the same general product mix, and the core customer demographic remains similar chain-wide, as does the Company’s process for the procurement and marketing of its product mix. Furthermore, the Company distributes its product mix chain-wide from a single distribution center. Given that the stores and e-commerce platform have the same economic characteristics, the individual stores and e-commerce platform are aggregated into one single operating and reportable segment. Comprehensive Income The Company has no components of income that would require classification as other comprehensive income for the 13 and 39 week periods ended October 28, 2017 and October 29, 2016. Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 “Revenue from Contracts with Customers” (Topic 606) (“ASU 2014-09”). ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, “Deferral of the Effective Date” (“ASU 2015-14”). ASU 2015-14 simply formalized a one year deferral of the effective date of ASU 2014-09. In March 2016, the FASB issued ASU 2016-08 “Principal versus Agent Considerations – Reporting Revenue Gross versus Net”, amending the principal-versus-agent implementation guidance set forth in ASU 2014-09. In April 2016, the FASB issued ASU 2016-10 “Identifying Performance Obligations and Licensing”, which amends certain aspects of the guidance set forth in the FASB’s new revenue standard related to identifying performance obligations and licensing implementation. As a result of these four standards updates, the Company will apply the new revenue standard to annual and interim reporting periods beginning after December 15, 2017. In adopting these standard updates, companies may use either a full retrospective or a modified retrospective approach. Management evaluated the provisions of these standard updates and has determined that the Company will adopt this standard using a modified retrospective approach with the cumulative effect of adoption recorded at the date of initial application . Management does not anticipate significant changes to the Company’s current revenue recognition policy resulting from adoption of the new guidance; however, management anticipates significant changes related to footnote disclosures to the consolidated financial statements as a result of the adoption of the new guidance. Lease Accounting In February 2016, the FASB issued ASU 2016-02, “Leases” (“ASU 2016-02”). The standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019. Early adoption of ASU 2016-02 is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. Management is currently evaluating the impact of adopting ASU 2016-02 on the Company’s consolidated financial statements, including whether to elect the practical expedients outlined in the new standard. Management expects the new standard to have a material impact on its consolidated financial statements once adopted. Recognition of Breakage for Certain Prepaid Stored-Value Products In March 2016, the FASB issued ASU 2016-04, “Recognition of Breakage for Certain Prepaid Stored-Value Products” (“ASU 2016-04”). ASU 2016-04 entitles a company to derecognize amounts related to expected breakage in proportion to the pattern of rights expected to be exercised by the product holder to the extent that it is probable a significant reversal of the recognized breakage amount will not subsequently occur. ASU 2016-04 is effective for reporting periods beginning after December 15, 2017 and is to be applied retrospectively. Early adoption is permitted. Management believes ASU 2016-02 will have no impact on the Company’s consolidated financial statements. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The update amends the guidance in Accounting Standard Codification 230, Statement of Cash Flows , and clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows with the objective of reducing the existing diversity in practices related to eight specific cash flow issues. The amendments in this update are effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. Management has determined this will have no impact on the Company’s consolidated financial statements. Intangible – Goodwill and Other In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which requires an entity to no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. The ASU is effective for annual and interim periods in fiscal years beginning after December 15, 2019. All entities may early adopt the standard for goodwill impairment tests with measurement dates after January 1, 2017. Management believes ASU 2017-04 will have no impact on the Company’s consolidated financial statements. Compensation – Stock Compensation In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718),” which clarifies what constitutes a modification of a share-based payment award. This ASU is effective for all entities for annual and interim reporting periods in fiscal years beginning after December 15, 2017. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. Management believes ASU 2017-09 will have no impact on the Company’s consolidated financial statements.

Secondary Offering

Secondary Offering	9 Months Ended
	Oct. 28, 2017
Secondary Offering
Secondary Offering	(3) Secondary Offering On April 18, 2016, 6,000 shares of common stock were sold in a secondary offering by Seidler Equity Partners III, L.P. On April 22, 2016, the underwriters of the secondary offering fully exercised the option granted at the time of the secondary offering to purchase an additional 900 shares of common stock at the secondary offering price of $11.25 per share, less underwriting discounts and commissions, which consisted solely of shares sold by affiliates of Seidler Equity Partners III, L.P. The Company received no proceeds from the secondary offering or full exercise of the option. Total expenses incurred related to the secondary offering and the exercise of the option were $143 and are recorded in selling, general, and administrative expenses in the accompanying Statements of Operations.

Property and Equipment

Property and Equipment	9 Months Ended
	Oct. 28, 2017
Property and Equipment.
Property and Equipment	(4) Property and Equipment Property and equipment as of October 28, 2017 and January 28, 2017 were as follows: October 28, January 28, 2017 2017 Furniture, fixtures, and equipment $ 64,015 $ 52,719 Leasehold improvements 86,775 61,986 Construction in progress 1,968 10,746 Total property and equipment, gross 152,758 125,451 Less accumulated depreciation and amortization (53,868) (42,342) Total property and equipment, net $ 98,890 $ 83,109

Accrued Expenses

Accrued Expenses	9 Months Ended
	Oct. 28, 2017
Accrued Expenses
Accrued Expenses	(5) Accrued Expenses Accrued expenses consisted of the following as of October 28, 2017 and January 28, 2017: October 28, January 28, 2017 2017 Book overdraft $ 15,513 $ 5,355 Unearned revenue 17,261 18,019 Accrued payroll and related expenses 7,964 9,430 Sales and use tax payable 6,219 4,802 Accrued construction costs 114 3,138 Other 7,570 8,842 $ 54,641 $ 49,586

Revolving Line of Credit

Revolving Line of Credit	9 Months Ended
	Oct. 28, 2017
Revolving Line of Credit
Revolving Line of Credit	(6) Revolving Line of Credit The Company has a senior secured revolving credit facility (“Revolving Line of Credit”) with Wells Fargo Bank, National Association (“Wells Fargo”). On July 24, 2017, the Company amended the credit agreement increasing the amount available to borrow under the Company’s senior secured revolving credit facility by $15.0 million to $150.0 million, subject to a borrowing base calculation. As of October 28, 2017 and January 28, 2017, the Company had $87,255 and $67,110, respectively, in outstanding revolving loans under the Revolving Line of Credit. Amounts outstanding are offset on the condensed consolidated balance sheets by amounts in depository accounts under lock-box arrangements, which were $8,801 and $6,138 as of October 28, 2017 and January 28, 2017, respectively. As of October 28, 2017, the Company had stand-by commercial letters of credit of $1,200 under the terms of the Revolving Line of Credit. The Revolving Line of Credit contains customary affirmative and negative covenants, including covenants that limit the Company’s ability to incur, create or assume certain indebtedness, to create, incur or assume certain liens, to make certain investments, to make sales, transfers and dispositions of certain property and to undergo certain fundamental changes, including certain mergers, liquidations and consolidations. The Revolving Line of Credit also requires us to maintain a minimum availability at all times of not less than 10% of the gross borrowing base, and in any event, not less than $5,000. The Revolving Line of Credit also contains customary events of default. The Revolving Line of Credit matures on the earlier to occur of (x) the date that is 90 days prior to the maturity date of our senior secured term loan, which maturity date is currently December 3, 2020, unless the term loan has been repaid to the extent permitted under the credit agreement governing the Revolving Line of Credit or the term loan maturity has been extended to October 23, 2022 or later and (y) July 24, 2022 . As of October 28, 2017 and January 28, 2017, the Revolving Line of Credit had $419 and $295, respectively in outstanding deferred financing fees. During the 13 weeks and 39 weeks ended October 28, 2017, the Company recognized $26 and $106, respectively, of non-cash interest expense with respect to the amortization of deferred financing fees. During the 13 weeks and 39 weeks ended October 29, 2016, the Company recognized $40 and $124, respectively, of non-cash interest expense with respect to the amortization of deferred financing fees.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 28, 2017
Long-Term Debt
Long-Term Debt	(7) Long-Term Debt Long-term debt consisted of the following as of October 28, 2017 and January 28, 2017: October 28, January 28, 2017 2017 Term loan $ 135,527 $ 136,727 Less discount (718) (877) Less debt issuance costs (1,218) (1,146) 133,591 134,704 Less current portion, net of discount and debt issuance costs (935) (983) Long-term portion $ 132,656 $ 133,721 Term Loan The Company has a $160,000 senior secured term loan facility (“Term Loan”) with a financial institution. The Term Loan was issued at a price of 99% of the aggregate principal amount and has a maturity date of December 3, 2020. On May 18, 2017, Sportsman’s Warehouse, Inc. entered into an amendment to its Term Loan. The amendment increased the maximum leverage ratio in each of the remaining quarters by amounts ranging from 0.2x to 1.3x, with an average quarterly increase of 0.75x. As a result of the amendment, the interest rate on the Company’s Term Loan increased 25 basis points to LIBOR plus 6.25% with a 1.25% LIBOR floor. The Company incurred $341 in fees associated with the amendment to its Term Loan which were recorded as debt issuance costs on the condensed consolidated balance sheet. As of October 28, 2017 and January 28, 2017, the Term Loan had an outstanding balance of $135,527 and $136,727, respectively. The outstanding amounts as of October 28, 2017 and January 28, 2017 are offset on the condensed consolidated balance sheets by an unamortized discount of $718 and $877, respectively, and debt issuance costs of $1,218 and $1,146, respectively. During the 13 and 39 weeks ended October 28, 2017, the Company recognized $59 and $159, respectively, of non-cash interest expense with respect to the amortization of the discount. During the 13 and 39 weeks ended October 28, 2017, the Company recognized $99 and $269, respectively, of non-cash interest expense with respect to the amortization of the debt issuance costs. During the 13 and 39 weeks ended October 29, 2016, the Company recognized $74 and $369 of non-cash interest expense with respect to the amortization of the discount. During the 13 and 39 weeks ended October 29, 2016, the Company recognized $268 and $442, respectively, of non-cash interest expense with respect to the amortization of the debt issuance costs. As part of the Term Loan agreement, there are a number of financial and non-financial debt covenants. The financial covenants include a net leverage ratio and an interest coverage ratio to be measured on a trailing twelve month basis. During the 13 and 39 weeks ended October 28, 2017, the Company made the required quarterly payments on the Term Loan of $400. Restricted Net Assets The provisions of the Term Loan and the Revolving Line of Credit restrict all of the net assets of the Company’s consolidated subsidiaries, which constitute all of the net assets on the Company’s condensed consolidated balance sheet as of October 28, 2017, from being used to pay any dividends without prior written consent from the financial institutions party to the Company’s Term Loan and Revolving Line of Credit.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 28, 2017
Income Taxes
Income Taxes	(8) Income Taxes The Company recognized an income tax expense of $6,218 and $6,630 in the 13 weeks ended October 28, 2017 and October 29, 2016, respectively. The Company recognized an income tax expense of $8,053 and $10,313 in the 39 weeks ended October 28, 2017 and October 29, 2016, respectively. The Company’s effective tax rate for the 13 weeks ended October 28, 2017 and October 29, 2016 was 38.8% and 38.6%, respectively. The Company’s effective tax rate for the 39 weeks ended October 28, 2017 and October 29, 2016 was 40.5% and 35.0%, respectively. The change in the effective tax rate for the 39 weeks ended October 28, 2017, was primarily due to a discrete expense recognized in the period relating to the excess tax shortfall from the vesting of restricted stock units. The Company’s effective tax rate will generally differ from the U.S. Federal statutory rate of 35%, due to state taxes, permanent items, and discrete items.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 28, 2017
Earnings Per Share
Earnings Per Share	(9) Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, reduced by the number of shares repurchased and held in treasury, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards. The following table sets forth the computation of basic and diluted earnings per common share: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 28, October 29, October 28, October 29, 2017 2016 2017 2016 Net income $ 9,808 $ 10,514 $ 11,855 $ 19,129 Weighted-average shares of common stock outstanding: Basic 42,576 42,245 42,464 42,165 Dilutive effect of common stock equivalents 35 313 37 300 Diluted 42,611 42,558 42,501 42,465 Basic Earnings per share $ 0.23 $ 0.25 $ 0.28 $ 0.45 Diluted Earnings per share $ 0.23 $ 0.25 $ 0.28 $ 0.45 Restricted stock units considered anti-dilutive and excluded in the calculation 222 — 233 —

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 28, 2017
Stock-Based Compensation
Stock-Based Compensation	(10) Stock-Based Compensation Stock-Based Compensation During the 13 weeks ended October 28, 2017 and October 29, 2016, the Company recognized total stock-based compensation expense of $386 and $905, respectively. During the 39 weeks ended October 28, 2017 and October 29, 2016, the Company recognized total stock-based compensation expense of $1,437 and $2,463, respectively. Compensation expense related to the Company's stock-based payment awards is recognized in selling, general, and administrative expenses in the condensed consolidated statements of operations. Employee Stock Plans As of October 28, 2017, the number of shares available for awards under the 2013 Performance Incentive Plan (the “2013 Plan”) was 1,392. As of October 28, 2017, there were 594 awards outstanding under the 2013 Plan. Employee Stock Purchase Plan The Company also has an Employee Stock Purchase Plan (“ESPP”) that was approved by shareholders in fiscal year 2015, under which 800 shares of common stock have been authorized. Shares are issued under the ESPP twice yearly at the end of each offering period. For the period ended October 28, 2017, 51 shares were issued under this plan and the number of shares available for issuance was 690. Nonvested Restricted Stock Awards During the 13 and 39 weeks ended October 28, 2017, the Company did not issue any nonvested restricted stock awards to employees. During the 13 weeks ended October 29, 2016, the Company did not issue any nonvested restricted stock awards to employees. During the 39 weeks ended October 29, 2016, the Company issued 162 nonvested stock awards to employees at a weighted average grant date fair value of $11.25 per share. The nonvested stock awards issued to employees vest over three years, with one third vesting on each grant date anniversary. The following table sets forth the rollforward of outstanding nonvested stock awards (per share amounts are not in thousands): Weighted average grant-date Shares fair value Balance at January 28, 2017 162 $ 11.25 Grants — — Forfeitures — — Vested 54 11.25 Balance at October 28, 2017 108 $ 11.25 Weighted average grant-date Shares fair value Balance at January 30, 2016 — — Grants 162 11.25 Forfeitures — — Vested — — Balance at October 29, 2016 162 $ 11.25 Nonvested Performance-Based Stock Awards During the 13 and 39 weeks ended October 28, 2017, the Company did not issue any nonvested performance-based stock awards to employees. During the 13 weeks ended October 29, 2016, the Company did not issue any nonvested performance-based stock awards to employees. During the 39 weeks ended October 29, 2016, the Company issued 159 nonvested performance-based stock awards to employees at a weighted average grant date fair value of $11.25 per share. The nonvested performance-based stock awards issued to employees vest over three years with one third vesting on each grant date anniversary. The number of shares issued was contingent on management achieving a fiscal year 2016 performance target for same store sales and return on invested capital for new stores. Based on the performance conditions met for 2016, the finalized granted awards was 73. The following table sets forth the rollforward of outstanding nonvested performance-based stock awards (per share amounts are not in thousands): Weighted average grant-date Shares fair value Balance at January 28, 2017 73 $ 11.25 Grants — — Forfeitures — — Vested 24 11.25 Balance at October 28, 2017 49 $ 11.25 Nonvested Stock Unit Awards During the 13 weeks ended October 28, 2017 the Company did not issue any nonvested stock units. During the 39 weeks ended October 28, 2017, the Company issued 456 nonvested stock units to employees of the Company at an average value of $5.09 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth vesting each month from the grant date. The shares issued to employees of the Company vest over a three year period with one third of the shares vesting on each grant date anniversary. During the 13 weeks and 39 weeks ended October 29, 2016, the Company issued 29 nonvested stock units to independent members of the Board of Directors at a value of $9.81 per share. These nonvested stock units vest over 12 months with one twelfth vesting each month from the grant date. The Company had no net share settlements in the 13 weeks ended October 28, 2017 and October 29, 2016. The following table sets forth the rollforward of outstanding nonvested stock units (per share amounts are not in thousands): Weighted average grant-date Shares fair value Balance at January 28, 2017 301 $ 7.17 Grants 456 5.09 Forfeitures 1 7.06 Vested 323 6.97 Balance at October 28, 2017 433 $ 5.13 Weighted average grant-date Shares fair value Balance at January 30, 2016 599 $ 7.15 Grants 29 9.81 Forfeitures 5 7.05 Vested 313 7.32 Balance at October 29, 2016 310 $ 7.23

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 28, 2017
Commitments and Contingencies.
Commitments and Contingencies	(11) Commitments and Contingencies Operating Leases The Company leases its retail store, office space and warehouse locations under non-cancelable operating leases. Rent expense under these leases totaled $12,632 and $11,312 for the 13 weeks ended October 28, 2017 and October 29, 2016, respectively. Rent expense under these leases totaled $36,225 and $32,847 for the 39 weeks ended October 28, 2017 and October 29, 2016, respectively. Legal Matters The Company is involved in various legal matters generally incidental to its business. After discussion with legal counsel, management is not aware of any matters for which the likelihood of a loss is probable and reasonably estimable and which could have a material impact on its consolidated financial condition, liquidity, or results of operations. On March 12, 2014, the Company was added as a defendant to a pending consolidated action filed in the United States District Court, Western District of Washington, captioned as Lacey Market Place Associates II, LLC, et al. v. United Farmers of Alberta Co-Operative Limited, et al., Case No. 2:13-cv-00383-JLR against United Farmers of Alberta Co-Operative Limited (the seller of Wholesale Sports), Wholesale Sports, Alamo Group, LLC and Donald F. Gaube and spouse. The amended complaint was filed by the landlords of two stores that the Company did not assume in the Company’s purchase of assets from Wholesale Sports. Such stores were formerly operated by Wholesale Sports in Skagit and Thurston Counties in Washington. The amended complaint alleged breach of lease, breach of collateral assignment, misrepresentation, intentional interference with contract, piercing the corporate veil and violation of Washington’s Fraudulent Transfer Act. The Company was named as a co-defendant with respect to the intentional interference with contract and fraudulent conveyance claims. The amended complaint sought against the Company and all defendants unspecified money damages, declaratory relief and attorneys’ fees and costs. On January 28, 2015, the court in the Lacey Marketplace action granted in part and denied in part the Company’s motion for summary judgment and dismissed the intentional interference claim against the Company, but declined to dismiss the fraudulent transfer claim. Trial in the Lacey Marketplace action began March 2, 2015 and concluded March 6, 2015. On March 9, 2015, the jury in the trial assessed $11,887 against the defendants to the action, including the Company. The Company reviewed the decision and accrued $4,000 in its results for the fiscal year ended January 31, 2015 related to this matter. The Company strongly disagreed with the jury’s verdict and filed post-trial motions seeking to have the verdict set aside. On July 30, 2015, the court granted the Company’s motion for judgment as a matter of law. Both United Farmers of Alberta Co-Operative Limited, a co-defendant, and the plaintiff have appealed the court’s summary judgment ruling against the tortious interference claim, and the July 30, 2015 ruling setting aside the jury verdict, to the appellate court and the appeal is currently in process. Based on the court’s most recent judgment in favor of the Company, the Company determined that the likelihood of loss in this case is not probable, and, as such, the Company reversed the previous accrual of $4,000 in its results for the fiscal year ended January 30, 2016. The oral argument for this case is currently set for December 5, 2017.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 28, 2017
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Holdings and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Reporting Periods	Reporting Periods The Company operates on a fiscal calendar that, in a given fiscal year, consists of the 52- or 53-week period ending on the Saturday closest to January 31st. The fiscal third quarters ended October 28, 2017 and October 29, 2016 each consisted of 13 weeks and are referred to herein as the third quarters of fiscal year 2017 and 2016, respectively. Fiscal year 2016 contained 52 weeks of operations ended January 28, 2017. Fiscal year 2017 contains 53 weeks of operations and will end on February 3, 2018.
Seasonality	Seasonality The Company’s business is generally seasonal, with a significant portion of total sales occurring during the third and fourth quarters of the fiscal year.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain costs are estimated for the full year and allocated to interim periods based on estimates of time expired, benefit received, or activity associated with the interim period.
Segment Reporting	Segment Reporting The Company operates solely as a sporting goods retailer whose Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer. The CODM reviews financial information presented on a consolidated and individual store, e-commerce, and cost center basis, for purposes of allocating resources and evaluating financial performance. The Company’s stores and e-commerce platform offer essentially the same general product mix, and the core customer demographic remains similar chain-wide, as does the Company’s process for the procurement and marketing of its product mix. Furthermore, the Company distributes its product mix chain-wide from a single distribution center. Given that the stores and e-commerce platform have the same economic characteristics, the individual stores and e-commerce platform are aggregated into one single operating and reportable segment.
Comprehensive Income	Comprehensive Income The Company has no components of income that would require classification as other comprehensive income for the 13 and 39 week periods ended October 28, 2017 and October 29, 2016.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 “Revenue from Contracts with Customers” (Topic 606) (“ASU 2014-09”). ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, “Deferral of the Effective Date” (“ASU 2015-14”). ASU 2015-14 simply formalized a one year deferral of the effective date of ASU 2014-09. In March 2016, the FASB issued ASU 2016-08 “Principal versus Agent Considerations – Reporting Revenue Gross versus Net”, amending the principal-versus-agent implementation guidance set forth in ASU 2014-09. In April 2016, the FASB issued ASU 2016-10 “Identifying Performance Obligations and Licensing”, which amends certain aspects of the guidance set forth in the FASB’s new revenue standard related to identifying performance obligations and licensing implementation. As a result of these four standards updates, the Company will apply the new revenue standard to annual and interim reporting periods beginning after December 15, 2017. In adopting these standard updates, companies may use either a full retrospective or a modified retrospective approach. Management evaluated the provisions of these standard updates and has determined that the Company will adopt this standard using a modified retrospective approach with the cumulative effect of adoption recorded at the date of initial application . Management does not anticipate significant changes to the Company’s current revenue recognition policy resulting from adoption of the new guidance; however, management anticipates significant changes related to footnote disclosures to the consolidated financial statements as a result of the adoption of the new guidance. Lease Accounting In February 2016, the FASB issued ASU 2016-02, “Leases” (“ASU 2016-02”). The standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019. Early adoption of ASU 2016-02 is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. Management is currently evaluating the impact of adopting ASU 2016-02 on the Company’s consolidated financial statements, including whether to elect the practical expedients outlined in the new standard. Management expects the new standard to have a material impact on its consolidated financial statements once adopted. Recognition of Breakage for Certain Prepaid Stored-Value Products In March 2016, the FASB issued ASU 2016-04, “Recognition of Breakage for Certain Prepaid Stored-Value Products” (“ASU 2016-04”). ASU 2016-04 entitles a company to derecognize amounts related to expected breakage in proportion to the pattern of rights expected to be exercised by the product holder to the extent that it is probable a significant reversal of the recognized breakage amount will not subsequently occur. ASU 2016-04 is effective for reporting periods beginning after December 15, 2017 and is to be applied retrospectively. Early adoption is permitted. Management believes ASU 2016-02 will have no impact on the Company’s consolidated financial statements. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The update amends the guidance in Accounting Standard Codification 230, Statement of Cash Flows , and clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows with the objective of reducing the existing diversity in practices related to eight specific cash flow issues. The amendments in this update are effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. Management has determined this will have no impact on the Company’s consolidated financial statements. Intangible – Goodwill and Other In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which requires an entity to no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. The ASU is effective for annual and interim periods in fiscal years beginning after December 15, 2019. All entities may early adopt the standard for goodwill impairment tests with measurement dates after January 1, 2017. Management believes ASU 2017-04 will have no impact on the Company’s consolidated financial statements. Compensation – Stock Compensation In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718),” which clarifies what constitutes a modification of a share-based payment award. This ASU is effective for all entities for annual and interim reporting periods in fiscal years beginning after December 15, 2017. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. Management believes ASU 2017-09 will have no impact on the Company’s consolidated financial statements.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Oct. 28, 2017
Property and Equipment.
Schedule of Property and Equipment	Property and equipment as of October 28, 2017 and January 28, 2017 were as follows: October 28, January 28, 2017 2017 Furniture, fixtures, and equipment $ 64,015 $ 52,719 Leasehold improvements 86,775 61,986 Construction in progress 1,968 10,746 Total property and equipment, gross 152,758 125,451 Less accumulated depreciation and amortization (53,868) (42,342) Total property and equipment, net $ 98,890 $ 83,109

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Oct. 28, 2017
Accrued Expenses
Components Accrued Expenses	Accrued expenses consisted of the following as of October 28, 2017 and January 28, 2017: October 28, January 28, 2017 2017 Book overdraft $ 15,513 $ 5,355 Unearned revenue 17,261 18,019 Accrued payroll and related expenses 7,964 9,430 Sales and use tax payable 6,219 4,802 Accrued construction costs 114 3,138 Other 7,570 8,842 $ 54,641 $ 49,586

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 28, 2017
Long-Term Debt
Summary of Long-Term Debt	Long-term debt consisted of the following as of October 28, 2017 and January 28, 2017: October 28, January 28, 2017 2017 Term loan $ 135,527 $ 136,727 Less discount (718) (877) Less debt issuance costs (1,218) (1,146) 133,591 134,704 Less current portion, net of discount and debt issuance costs (935) (983) Long-term portion $ 132,656 $ 133,721

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 28, 2017
Earnings Per Share
Computation of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of basic and diluted earnings per common share: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 28, October 29, October 28, October 29, 2017 2016 2017 2016 Net income $ 9,808 $ 10,514 $ 11,855 $ 19,129 Weighted-average shares of common stock outstanding: Basic 42,576 42,245 42,464 42,165 Dilutive effect of common stock equivalents 35 313 37 300 Diluted 42,611 42,558 42,501 42,465 Basic Earnings per share $ 0.23 $ 0.25 $ 0.28 $ 0.45 Diluted Earnings per share $ 0.23 $ 0.25 $ 0.28 $ 0.45 Restricted stock units considered anti-dilutive and excluded in the calculation 222 — 233 —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 28, 2017
Stock-Based Compensation
Rollforward of Outstanding Nonvested Stock Awards	The following table sets forth the rollforward of outstanding nonvested stock awards (per share amounts are not in thousands): Weighted average grant-date Shares fair value Balance at January 28, 2017 162 $ 11.25 Grants — — Forfeitures — — Vested 54 11.25 Balance at October 28, 2017 108 $ 11.25 Weighted average grant-date Shares fair value Balance at January 30, 2016 — — Grants 162 11.25 Forfeitures — — Vested — — Balance at October 29, 2016 162 $ 11.25
Rollforward of Outstanding Nonvested Performance-based Stock Awards	The following table sets forth the rollforward of outstanding nonvested performance-based stock awards (per share amounts are not in thousands): Weighted average grant-date Shares fair value Balance at January 28, 2017 73 $ 11.25 Grants — — Forfeitures — — Vested 24 11.25 Balance at October 28, 2017 49 $ 11.25
Rollforward of Outstanding Nonvested Stock Units	The following table sets forth the rollforward of outstanding nonvested stock units (per share amounts are not in thousands): Weighted average grant-date Shares fair value Balance at January 28, 2017 301 $ 7.17 Grants 456 5.09 Forfeitures 1 7.06 Vested 323 6.97 Balance at October 28, 2017 433 $ 5.13 Weighted average grant-date Shares fair value Balance at January 30, 2016 599 $ 7.15 Grants 29 9.81 Forfeitures 5 7.05 Vested 313 7.32 Balance at October 29, 2016 310 $ 7.23

Description of Business and B23

Description of Business and Basis of Presentation (Details)	9 Months Ended
	Oct. 28, 2017storestatesegment
Description of Business and Basis of Presentation
Number of stores | store	86
Number of states | state	22
Number of reportable segments | segment	1

Summary of Significant Accoun24

Summary of Significant Accounting Policies - Additional Information (Details) - segment	9 Months Ended	12 Months Ended
	Oct. 28, 2017	Jan. 28, 2017
Summary of Significant Accounting Policies
Fiscal period duration	371 days	364 days
Number of reportable segments	1

Secondary Offering (Details)

Secondary Offering (Details) - Seidler Equity Partners III L.P. - Secondary Offering - USD ($) $ / shares in Units, shares in Thousands	Apr. 22, 2016	Apr. 18, 2016
Subsidiary Or Equity Method Investee [Line Items]
Issuance of common shares (in shares)	900	6,000
Common stock shares issued, price per share	$ 11.25
Issuance of common stock, net	$ 0	$ 0
Selling, General and Administrative Expenses
Subsidiary Or Equity Method Investee [Line Items]
Offering expenses	$ 143,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Property Plant And Equipment [Line Items]
Total property and equipment, gross	$ 152,758	$ 125,451
Less accumulated depreciation and amortization	(53,868)	(42,342)
Total property and equipment, net	98,890	83,109
Furniture, fixtures, and equipment
Property Plant And Equipment [Line Items]
Total property and equipment, gross	64,015	52,719
Leasehold improvements
Property Plant And Equipment [Line Items]
Total property and equipment, gross	86,775	61,986
Construction in progress
Property Plant And Equipment [Line Items]
Total property and equipment, gross	$ 1,968	$ 10,746

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Accrued Expenses
Book overdraft	$ 15,513	$ 5,355
Unearned revenue	17,261	18,019
Accrued payroll and related expenses	7,964	9,430
Sales and use tax payable	6,219	4,802
Accrued construction costs	114	3,138
Other	7,570	8,842
Accrued expenses	$ 54,641	$ 49,586

Revolving Line Of Credit (Detai

Revolving Line Of Credit (Details) - USD ($) $ in Thousands	Jul. 24, 2017	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016	Jan. 28, 2017
Wells Fargo Senior Secured Revolving Credit Facility
Line Of Credit Facility [Line Items]
Increase line of credit facility, maximum borrowing capacity	$ 15,000
Line of credit facility, maximum borrowing capacity	$ 150,000
Line of credit facility, amount outstanding		$ 87,255		$ 87,255		$ 67,110
Amounts in depository under lock-box arrangements		8,801		$ 8,801		6,138
Revolving credit facility, covenant term				The Revolving Line of Credit also requires us to maintain a minimum availability at all times of not less than 10% of the gross borrowing base, and in any event, not less than $5,000
Line of credit , maturity date				Dec. 3, 2020
Deferred financing fees outstanding		419		$ 419		$ 295
Amortization of deferred financing fees		26	$ 40	$ 106	$ 124
Wells Fargo Senior Secured Revolving Credit Facility | Minimum
Line Of Credit Facility [Line Items]
Line of credit facility gross borrowing base percentage				10.00%
Line of credit facility available borrowing capacity		5,000		$ 5,000
Wells Fargo Stand-by Commercial Letters of Credit
Line Of Credit Facility [Line Items]
Net borrowing available under revolving line of credit		$ 1,200		$ 1,200

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017
Long-Term Debt
Term loan	$ 135,527	$ 136,727
Less discount	(718)	(877)
Less debt issuance costs	(1,218)	(1,146)
Long-term debt	133,591	134,704
Less current portion, net of discount and debt issuance costs	(935)	(983)
Long-term portion	$ 132,656	$ 133,721

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	May 18, 2017	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016	Jan. 28, 2017
Debt Instrument [Line Items]
Term loan		$ 135,527		$ 135,527		$ 136,727
Debt instrument discount at issuance		718		718		877
Unamortized debt issuance costs		1,218		1,218		1,146
Minimum
Debt Instrument [Line Items]
Maximum leverage ratio	0.20%
Maximum
Debt Instrument [Line Items]
Maximum leverage ratio	1.30%
Weighted Average
Debt Instrument [Line Items]
Maximum leverage ratio	0.75%
Term Loan
Debt Instrument [Line Items]
Senior secured loan facility		$ 160,000		$ 160,000
Debt instrument issuance price, percentage of aggregate principal amount		99.00%		99.00%
Line of credit , maturity date				Dec. 3, 2020
Debt issuance costs	$ 341
Term loan		$ 135,527		$ 135,527		136,727
Debt instrument discount at issuance		718		718		877
Unamortized debt issuance costs		1,218		1,218		$ 1,146
Amortization of discount		59	$ 74	159	$ 369
Amortization of debt issuance costs		99	$ 268	269	$ 442
Quarterly loan payment		$ 400		$ 400
LIBOR
Debt Instrument [Line Items]
Debt instrument increase in basis spread on variable rate	25
Debt instrument applicable margin	6.25%
Interest floor rate	1.25%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Income Taxes
Income tax benefits	$ 6,218	$ 6,630	$ 8,053	$ 10,313
Estimated annual effective tax rate	38.80%	38.60%	40.50%	35.00%
Federal statutory rate			35.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Earnings Per Share
Net income	$ 9,808	$ 10,514	$ 11,855	$ 19,129
Weighted-average shares of common stock outstanding:
Basic	42,576	42,245	42,464	42,165
Dilutive effect of common stock equivalents	35	313	37	300
Diluted	42,611	42,558	42,501	42,465
Basic Earnings per share	$ 0.23	$ 0.25	$ 0.28	$ 0.45
Diluted Earnings per share	$ 0.23	$ 0.25	$ 0.28	$ 0.45
Restricted stock units considered anti-dilutive and excluded in the calculation	222		233

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016	Jan. 28, 2017	Jan. 30, 2016	Jan. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation			$ 1,437	$ 2,463
Nonvested Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units	0	0	0	162
Nonvested stock issued, weighted average grant date fair value per share				$ 11.25
Vesting period				3 years
Vesting percentage				0.33%
Nonvested stock units outstanding, weighted average grant date fair value per share	$ 11.25	$ 11.25	$ 11.25	$ 11.25	$ 11.25
Nonvested Performance-Based Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units	0	0	0	159
Nonvested stock issued, weighted average grant date fair value per share				$ 11.25
Nonvested stock units outstanding, weighted average grant date fair value per share	$ 11.25		$ 11.25		$ 11.25
Target number of shares subject to award					73
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units			456	29
Nonvested stock issued, weighted average grant date fair value per share			$ 5.09	$ 9.81
Nonvested stock units outstanding, weighted average grant date fair value per share	$ 5.13	$ 7.23	$ 5.13	$ 7.23	$ 7.17	$ 7.15
Employees | Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units			456
Nonvested stock issued, weighted average grant date fair value per share			$ 5.09
Employees And Board Of Directors | Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units		29		29
Nonvested stock issued, weighted average grant date fair value per share		$ 9.81		$ 9.81
Employee Stock Plans | 2013 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for awards	1,392		1,392
Number of awards outstanding	594		594
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for awards	690		690
Maximum number of shares subject to award							800
Shares issued under ESPP			51
Selling, General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation	$ 386	$ 905	$ 1,437	$ 2,463

Stock-Based Compensation - Roll

Stock-Based Compensation - Rollforward of Outstanding Nonvested Stock Units (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares			301	599
Grants, Weighted average grant-date fair value			$ 5.09	$ 9.81
Grants, Shares			456	29
Forfeitures, Shares			1	5
Vested, Shares			323	313
Ending balance, Shares	433	310	433	310
Beginning balance, Weighted average grant-date fair value			$ 7.17	$ 7.15
Forfeitures, Weighted average grant-date fair value			7.06	7.05
Vested, Weighted average grant-date fair value			6.97	7.32
Ending balance, Weighted average grant-date fair value	$ 5.13	$ 7.23	$ 5.13	7.23
Nonvested Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares			162
Grants, Weighted average grant-date fair value				$ 11.25
Grants, Shares	0	0	0	162
Vested, Shares			54
Ending balance, Shares	108	162	108	162
Beginning balance, Weighted average grant-date fair value			$ 11.25
Vested, Weighted average grant-date fair value			11.25
Ending balance, Weighted average grant-date fair value	$ 11.25	$ 11.25	$ 11.25	$ 11.25
Nonvested Performance-Based Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares			73
Grants, Weighted average grant-date fair value				$ 11.25
Grants, Shares	0	0	0	159
Vested, Shares			24
Ending balance, Shares	49		49
Beginning balance, Weighted average grant-date fair value			$ 11.25
Vested, Weighted average grant-date fair value			11.25
Ending balance, Weighted average grant-date fair value	$ 11.25		$ 11.25

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Mar. 09, 2015	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016	Jan. 31, 2015
Operating Leases
Rent expense		$ 12,632	$ 11,312	$ 36,225	$ 32,847
Loss contingency trial start date				Mar. 2, 2015
Loss contingency trial end date				Mar. 6, 2015
Trial award against defendants to the action	$ 11,887
Accrued amount of litigation						$ 4,000