Sportsman's Warehouse (SPWH) 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	Dec. 03, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2020
Entity File Number	001-36401
Entity Registrant Name	SPORTSMAN’S WAREHOUSE HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	39-1975614
Entity Address, Address Line One	1475 West 9000 South, Suite A
Entity Address, City or Town	West Jordan
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84088
City Area Code	801
Local Phone Number	566-6681
Title of 12(b) Security	Common stock, $.01 par value
Trading Symbol	SPWH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,613,789
Current Fiscal Year End Date	--01-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001132105
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020
Current assets:
Cash	$ 19,314	$ 1,685
Accounts receivable, net	462	904
Merchandise inventories	322,078	275,505
Income tax receivable		812
Prepaid expenses and other	14,564	12,732
Total current assets	356,418	291,638
Operating lease right of use asset	239,254	224,520
Property and equipment, net	99,495	98,767
Goodwill	1,496	1,496
Definite lived intangibles, net	299	220
Total assets	696,962	616,641
Current liabilities:
Accounts payable	135,949	38,157
Accrued expenses	106,430	70,118
Income taxes payable	5,315
Operating lease liability, current	35,730	34,487
Revolving line of credit		116,078
Current portion of long-term debt, net of discount and debt issuance costs		5,936
Total current liabilities	283,424	264,776
Long-term liabilities:
Long-term debt, net of discount, debt issuance costs, and current portion	7,950	23,781
Deferred income taxes	4,154	562
Operating lease liability, noncurrent	227,333	217,254
Total long-term liabilities	239,437	241,597
Total liabilities	522,861	506,373
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; 43,591 and 43,296 shares issued and outstanding, respectively	436	433
Additional paid-in capital	88,823	86,806
Accumulated earnings	84,842	23,029
Total stockholders' equity	174,101	110,268
Total liabilities and stockholders' equity	$ 696,962	$ 616,641

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Oct. 31, 2020	Feb. 01, 2020
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	43,591	43,296
Common stock, shares outstanding	43,591	43,296

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 385,748	$ 242,466	$ 1,013,572	$ 628,249
Cost of goods sold	255,166	158,256	679,122	416,644
Gross profit	130,582	84,210	334,450	211,605
Selling, general, and administrative expenses	92,252	68,336	251,077	191,326
Income from operations	38,330	15,874	83,373	20,279
Bargain purchase gain	(2,218)		(2,218)
Interest expense	536	2,094	3,088	6,552
Income before income taxes	40,012	13,780	82,503	13,727
Income tax expense	9,530	3,287	20,690	3,195
Net income	$ 30,482	$ 10,493	$ 61,813	$ 10,532
Earnings per share:
Basic	$ 0.70	$ 0.24	$ 1.42	$ 0.24
Diluted	$ 0.68	$ 0.24	$ 1.40	$ 0.24
Weighted average shares outstanding:
Basic	43,609	43,230	43,490	43,126
Diluted	44,510	43,559	44,260	43,316

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional paid-in-capital	Accumulated (deficit) earningsCumulative Effect, Period of Adoption, Adjustment	Accumulated (deficit) earnings	Cumulative Effect, Period of Adoption, Adjustment	Total
Balance, shares at Feb. 02, 2019	42,978
Balance at Feb. 02, 2019	$ 430	$ 84,671		$ (6,441)		$ 78,660
Vesting of restricted stock units (in shares)	198
Vesting of restricted stock units	$ 2	(2)
Payment of withholdings on restricted stock units		(369)				(369)
Issuance of common stock for cash per employee stock purchase plan		174				174
Issuance of common stock for cash per employee stock purchase plan (in shares)	54
Stock based compensation		1,567				1,567
Net income				10,532		10,532
Balance, shares at Nov. 02, 2019	43,230
Balance at Nov. 02, 2019	$ 432	86,041		13,346		99,819
Balance, shares at Aug. 03, 2019	43,230
Balance at Aug. 03, 2019	$ 432	85,422		2,853		88,707
Stock based compensation		619				619
Net income				10,493		10,493
Balance, shares at Nov. 02, 2019	43,230
Balance at Nov. 02, 2019	$ 432	86,041		13,346		$ 99,819
Impact of change for ASC 842 adoption			$ 9,255		$ 9,255
Balance, shares at Feb. 01, 2020	43,296					43,296
Balance at Feb. 01, 2020	$ 433	86,806		23,029		$ 110,268
Vesting of restricted stock units (in shares)	255
Vesting of restricted stock units	$ 3	(3)
Payment of withholdings on restricted stock units		(689)				(689)
Issuance of common stock for cash per employee stock purchase plan		273				273
Issuance of common stock for cash per employee stock purchase plan (in shares)	40
Stock based compensation		2,436				2,436
Net income				61,813		$ 61,813
Balance, shares at Oct. 31, 2020	43,591					43,591
Balance at Oct. 31, 2020	$ 436	88,823		84,842		$ 174,101
Balance, shares at Aug. 01, 2020	43,591
Balance at Aug. 01, 2020	$ 436	87,941		54,360		142,737
Stock based compensation		882				882
Net income				30,482		$ 30,482
Balance, shares at Oct. 31, 2020	43,591					43,591
Balance at Oct. 31, 2020	$ 436	$ 88,823		$ 84,842		$ 174,101

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
Cash flows from operating activities:
Net income	$ 61,813	$ 10,532
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	15,992	14,070
Amortization and write-off of discount on debt and deferred financing fees	422	252
Amortization of definite lived intangible	21	20
Loss (gain) on asset dispositions	937	(311)
Gain on bargain purchase	(2,218)
Noncash lease expense	17,760	22,132
Deferred income taxes	2,801	(245)
Stock-based compensation	2,436	1,567
Change in operating assets and liabilities, net of amounts acquired:
Accounts receivable, net	442	(371)
Operating lease liabilities	(20,781)	(22,571)
Merchandise inventories	(38,887)	(42,142)
Prepaid expenses and other	(2,021)	165
Accounts payable	94,900	70,270
Accrued expenses	31,992	3,449
Income taxes payable and receivable	6,127	1,030
Net cash provided by operating activities	171,736	57,847
Cash flows from investing activities:
Purchase of property and equipment, net of amounts acquired	(15,394)	(22,914)
Acquisition of Field and Stream stores, net of cash acquired	(4,778)	(19,074)
Proceeds from sale of property and equipment		311
Net cash used in investing activities	(20,172)	(41,677)
Cash flows from financing activities:
Net payments on line of credit	(116,078)	(13,541)
Increase in book overdraft, net	4,559	3,756
Proceeds from issuance of common stock per employee stock purchase plan	273	174
Payment of withholdings on restricted stock units	(689)	(369)
Principal payments on long-term debt	(22,000)	(6,000)
Net cash used in financing activities	(133,935)	(15,980)
Net change in cash	17,629	190
Cash at beginning of period	1,685	1,547
Cash at end of period	19,314	1,737
Cash paid during the period for:
Interest, net of amounts capitalized	3,087	6,761
Income taxes, net of refunds	11,763	2,416
Supplemental schedule of noncash activities:
Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases	33,392	48,737
Purchases of property and equipment included in accounts payable and accrued expenses	1,991	2,636
Payable to seller relating to acquisition of Field and Stream stores	$ 1,774	$ 9,462

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Oct. 31, 2020
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 31, 2020, the Company operated 112 stores in 27 states. The Company also operates an e-commerce platform at www.sportsmans.com. The Company’s stores and website are aggregated into one single operating 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 February 1, 2020 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 31, 2020 are not necessarily indicative of the results to be obtained for the year ending January 30, 2021. 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 February 1, 2020 filed with the SEC on April 9, 2020 (the “Fiscal 2019 Form 10-K”). ​ Impact of COVID-19 Pandemic ​ During March 2020, the World Health Organization declared the rapidly growing coronavirus outbreak to be a global pandemic. The COVID-19 pandemic has significantly impacted health and economic conditions throughout the United States. Beginning in March 2020, the Company reduced store hours to allow sufficient time to restock its shelves and perform additional cleaning, and the Company was also limited the number of customers in its stores at any one time. During the second quarter of fiscal 2020, the Company returned to normal operating hours in each of its stores. The Company may again restrict the operations of its stores and its distribution facility if it deems this appropriate or if recommended or mandated by authorities.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 31, 2020
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	​ (2) Summary of Significant Accounting Policies ​ The Company’s significant accounting policies are described in Note 2 to the Company’s Fiscal 2019 Form 10-K. Except for the changes below, the Company has consistently applied the accounting policies to all periods presented in these condensed consolidated financial statements. ​ Recently Issued Accounting Pronouncements ​ In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (“Topic 740”) Simplifying the Accounting for Income Taxes,

Revenue Recognition

Revenue Recognition	9 Months Ended
	Oct. 31, 2020
Revenue Recognition
Revenue Recognition	(3) Revenue Recognition ​ Revenue recognition accounting policy ​ The Company operates solely as an outdoor retailer, which includes both retail stores and an e-commerce platform, that offers a broad range of products in the United States and online. Generally, all revenues are recognized when control of the promised goods is transferred to customers, in an amount that reflects the consideration in exchange for those goods. Accordingly, the Company implicitly enters into a contract with customers to deliver merchandise inventory at the point of sale. Collectability is reasonably assured since the Company only extends credit for immaterial purchases to certain municipalities. ​ Substantially all of the Company’s revenue is for single performance obligations for the following distinct items: ​ ● Retail store sales ​ ● E-commerce sales ​ ● Gift cards and loyalty reward program ​ For performance obligations related to retail store and e-commerce sales contracts, the Company typically transfers control, for retail stores, upon consummation of the sale when the product is paid for and taken by the customer and, for e-commerce sales, when the products are tendered for delivery to the common carrier. ​ The transaction price for each contract is the stated price on the product, reduced by any stated discounts at that point in time. The Company does not engage in sales of products that attach a future material right which could result in a separate performance obligation for the purchase of goods in the future at a material discount. The implicit point-of-sale contract with the customer, as reflected in the transaction receipt, states the final terms of the sale, including the description, quantity, and price of each product purchased. Payment for the Company’s contracts is due in full upon delivery. The customer agrees to a stated price implicit in the contract that does not vary over the contract. ​ The transaction price relative to sales subject to a right of return reflects the amount of estimated consideration to which the Company expects to be entitled. This amount of variable consideration included in the transaction price, and measurement of net sales, is included in net sales only to the extent that it is probable that there will be no significant reversal in a future period. Actual amounts of consideration ultimately received may differ from the Company’s estimates. The allowance for sales returns is estimated based upon historical experience and a provision for estimated returns is recorded as a reduction in sales in the relevant period. The estimated merchandise inventory cost related to the sales returns is recorded in prepaid expenses and other. The estimated refund liabilities are recorded in accrued expenses. If actual results in the future vary from the Company’s estimates, the Company adjusts these estimates, which would affect net sales and earnings in the period such variances become known. ​ Contract liabilities are recognized primarily for gift card sales and our loyalty reward program. Cash received from the sale of gift cards is recorded as a contract liability in accrued expenses, and the Company recognizes revenue upon the customer’s redemption of the gift card. Gift card breakage is recognized as revenue in proportion to the pattern of customer redemptions by applying a historical breakage rate of 3.5% when no escheat liability to relevant jurisdictions exists. Based upon historical experience, gift cards are predominantly redeemed in the first two years following their issuance date. The Company does not sell or provide gift cards that carry expiration dates. ​ Accounting Standards Codification (“ASC”) 606 requires the Company to allocate the transaction price between the goods and the loyalty reward points based on the relative stand alone selling price. The Company recognized revenue for the breakage of loyalty reward points as revenue in proportion to the pattern of customer redemption of the points by applying a historical breakage rate of 50% when no escheat liability to relevant jurisdictions exists. ​ Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. ​ Sales returns ​ The Company allows customers to return items purchased within 30 days provided the merchandise is in resaleable condition with original packaging and the original sales/gift receipt is presented. The Company estimates a reserve for sales returns and records the respective reserve amounts, including a right to return asset when a product is expected to be returned and resold. Historical experience of actual returns and customer return rights are the key factors used in determining the estimated sales returns. ​ Contract balances ​ The following table provides information about right of return assets, contract liabilities, and sales return liabilities with customers as of October 31, 2020 and February 1, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, 2020 February 1, 2020 Right of return assets, which are included in prepaid expenses and other ​ $ 2,323 ​ $ 1,683 Estimated gift card contract liability, net of breakage ​ ​ (16,088) ​ ​ (13,575) Estimated loyalty contract liability, net of breakage ​ ​ (8,654) ​ ​ (9,621) Sales return liabilities, which are included in accrued expenses ​ ​ (3,467) ​ ​ (2,512) ​ For the 13 and 39 weeks ended October 31, 2020, the Company recognized approximately $287 and $809 in gift card breakage and approximately $820 and $2,148 in loyalty reward breakage, respectively. For the 13 and 39 weeks ended November 2, 2019, the Company recognized approximately $235 and $740 in gift card breakage and approximately $404 and $1,064 in loyalty reward breakage, respectively. For the 13 and 39 weeks ended October 31, 2020, the Company recognized revenue of $1,428 and $6,849 relating to contract liabilities that existed at February 1, 2020. ​ The current balance of the right of return assets is the expected amount of inventory to be returned that is expected to be resold. The current balance of the contract liabilities primarily relates to the gift card and loyalty reward program liabilities. The Company expects the revenue associated with these liabilities to be recognized in proportion to the pattern of customer redemptions over the next two years. The current balance of sales return liabilities is the expected amount of sales returns from sales that have occurred. ​ Disaggregation of revenue from contracts with customers ​ In the following table, revenue from contracts with customers is disaggregated by department. The percentage of net sales related to the Company’s departments for the 13 and 39 weeks ended October 31, 2020 and November 2, 2019, was approximately: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ ​ October 31, ​ November 2, October 31, November 2, ​ Department Product Offerings 2020 2019 2020 2019 ​ Camping ​ Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools ​ 12.9% ​ 14.9% ​ 13.8% ​ 15.5% ​ Apparel ​ Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear ​ 8.6% ​ 10.3% ​ 6.5% ​ 8.7% ​ Fishing ​ Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats ​ 7.8% ​ 8.9% ​ 11.5% ​ 12.6% ​ Footwear ​ Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots ​ 5.6% ​ 7.5% ​ 5.3% ​ 7.4% ​ Hunting and Shooting ​ Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear ​ 57.4% ​ 48.5% ​ 56.3% ​ 47.4% ​ Optics, Electronics, Accessories, and Other ​ Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts ​ 7.7% ​ 9.9% ​ 6.6% ​ 8.4% ​ Total ​ ​ ​ 100.0% ​ 100.0% ​ 100.0% ​ 100.0% ​ ​

Property and Equipment

Property and Equipment	9 Months Ended
	Oct. 31, 2020
Property and Equipment.
Property and Equipment	​ (4) Property and Equipment Property and equipment as of October 31, 2020 and February 1, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ February 1, ​ ​ 2020 2020 Furniture, fixtures, and equipment ​ $ 93,459 ​ $ 84,059 ​ Leasehold improvements ​ ​ 107,026 ​ ​ 103,791 ​ Construction in progress ​ ​ 5,241 ​ ​ 1,571 ​ Total property and equipment, gross ​ ​ 205,726 ​ ​ 189,421 ​ Less accumulated depreciation and amortization ​ ​ (106,231) ​ ​ (90,654) ​ Total property and equipment, net ​ $ 99,495 ​ $ 98,767 ​ ​

Accrued Expenses

Accrued Expenses	9 Months Ended
	Oct. 31, 2020
Accrued Expenses
Accrued Expenses	(5) Accrued Expenses Accrued expenses consisted of the following as of October 31, 2020 and February 1, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ February 1, ​ 2020 2020 Book overdraft ​ $ 20,386 ​ $ 15,827 Unearned revenue ​ ​ 29,928 ​ ​ 25,705 Accrued payroll and related expenses ​ ​ 25,605 ​ ​ 11,436 Sales and use tax payable ​ ​ 9,134 ​ ​ 5,169 Accrued construction costs ​ ​ 796 ​ ​ 1,112 Other ​ ​ 20,581 ​ ​ 10,869 Total accrued expenses ​ $ 106,430 ​ $ 70,118 ​

Leases

Leases	9 Months Ended
	Oct. 31, 2020
Leases
Leases	(6) Leases At the inception of the lease, the Company’s operating leases have certain lease terms of up to 10 years, which typically includes multiple options for the Company to extend the lease which are not reasonably certain and as such are excluded from the measurement of the right of use asset and liability. The Company determines whether a contract is or contains a lease at contract inception. Beginning in fiscal 2019, operating lease assets and operating lease liabilities are recognized at commencement date based on the present value of remaining fixed lease payments over the lease term. As the rate implicit in the lease is not readily determinable in most of the Company’s leases, it uses its incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments. The Company's incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The operating lease asset also includes any fixed lease payments made and includes lease incentives and incurred initial direct costs. Operating lease expense for fixed lease payments is recognized on a straight-line basis over the lease term. The Company’s lease terms may include options to extend or terminate the lease. Additionally, the Company’s leases do not contain any material residual guarantees or material restrictive covenants. In the 13 and 39 weeks ended October 31, 2020, the Company recorded a non-cash increase, net of terminations, of $20,329 and $32,102 , respectively, to the right of use assets and operating lease liabilities resulting from lease remeasurements from the exercise of lease extension options, acquired leases, and new leases added. In accordance with ASC 842, total lease expense, including common area maintenance (“CAM”), recorded during the 13 and 39 weeks ended October 31, 2020 was $17,068 and $50,270, respectively. In accordance with ASC 842, total lease expense, including CAM, recorded during the 13 and 39 weeks ended November 2, 2019 was $14,666 and $43,480, respectively. ​ In accordance with ASC 842, other information related to leases was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ November 2, ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ (41,257) ​ $ (36,300) ​ ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities - operating leases ​ ​ (41,257) ​ ​ (36,300) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of October 31, ​ As of November 2, ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities ​ $ 33,392 ​ $ 48,737 ​ ​ ​ ​ ​ ​ Terminated right-of-use assets and liabilities ​ ​ (3,202) ​ ​ — ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term - operating leases ​ ​ 5.11 ​ ​ 5.52 ​ ​ ​ ​ ​ ​ Weighted-average discount rate - operating leases ​ ​ 8.09% ​ ​ 7.90% ​ ​ ​ ​ ​ ​ ​ In accordance with ASC 842, maturities of operating lease liabilities as of October 31, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ Operating Year Endings: Leases 2020 (remainder) ​ $ 14,416 2021 ​ ​ 56,232 2022 ​ ​ 53,245 2023 ​ ​ 48,574 2024 ​ ​ 40,158 Thereafter ​ ​ 161,734 Undiscounted cash flows ​ $ 374,359 Reconciliation of lease liabilities: ​ ​ ​ Present values ​ $ 263,063 Lease liabilities - current ​ ​ 35,730 Lease liabilities - noncurrent ​ ​ 227,333 Lease liabilities - total ​ $ 263,063 Difference between undiscounted and discounted cash flows ​ $ 111,296 ​

Revolving Line of Credit

Revolving Line of Credit	9 Months Ended
	Oct. 31, 2020
Revolving Line of Credit
Revolving Line of Credit	(7) Revolving Line of Credit ​ On May 23, 2018, Sportsman’s Warehouse, Inc. (“SWI”), a wholly owned subsidiary of the Company, as lead borrower, and Wells Fargo Bank, National Association (“Wells Fargo”), with a consortium of banks led by Wells Fargo, entered into an Amended and Restated Credit Agreement (as amended, restated, supplemented or otherwise modified, the “Amended Credit Agreement”). The Amended Credit Agreement governs the Company’s senior secured revolving credit facility (“Revolving Line of Credit”) and a $40,000 term loan (the “Term Loan”). The Revolving Line of Credit provides a borrowing capacity of up to $250,000, subject to a borrowing base calculation. Information on the Term Loan is provided in Note 8. ​ In conjunction with the Amended Credit Agreement, the Company incurred $1,331 of fees paid to various parties which were capitalized. Fees associated with the Revolving Line of Credit were recorded in prepaid expenses and other. Fees associated with the Term Loan offset the loan balance on the condensed consolidated balance sheet of the Company. ​ As of October 31, 2020, and February 1, 2020, the Company had $0 and $123,478 in outstanding revolving loans under the Revolving Line of Credit, respectively. Amounts outstanding are offset on the condensed consolidated balance sheets by amounts in depository accounts under lock-box or similar arrangements, which were $16,844 and $7,400 as of October 31, 2020 and February 1, 2020, respectively. As of October 31, 2020, the Company had stand-by commercial letters of credit of $1,705 under the terms of the Revolving Line of Credit. ​ The Amended Credit Agreement 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 Amended Credit Agreement also requires the Company to maintain a minimum availability at all times of not less than 10% of the gross borrowing base. The Amended Credit Agreement contains customary events of default. The Revolving Line of Credit matures on May 23, 2023 ​ As of October 31, 2020, the Revolving Line of Credit had $646 in deferred financing fees and as of February 1, 2020, the Revolving Line of Credit had $834 in deferred financing fees. During the 13 and 39 weeks ended October 31, 2020, the Company recognized $63 and $188, respectively of non-cash interest expense with respect to the amortization of deferred financing fees. During the 13 and 39 weeks ended November 2, 2019, the Company recognized $67 and $188, respectively of non-cash interest expense with respect to the amortization of deferred financing fees. ​ For the 13 and 39 weeks ended October 31, 2020, gross borrowings under the Revolving Line of Credit were $403,960 and $984,577, respectively. For the 13 and 39 weeks ended November 2, 2019 gross borrowing under the Revolving Line of Credit were $271,309 and $676,639, respectively. For the 13 and 39 weeks ended October 31, 2020, gross paydowns under the Revolving Line of Credit were $424,826 and $1,110,758, respectively. For the 13 and 39 weeks ended November 2, 2019, gross paydowns under the Revolving Line of Credit were $268,972 and $692,989, respectively.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 31, 2020
Long-Term Debt
Long-Term Debt	(8) Long-Term Debt Long-term debt consisted of the following as of October 31, 2020 and February 1, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ February 1, ​ ​ 2020 2020 Term loan ​ $ 8,000 ​ ​ 30,000 ​ Less debt issuance costs ​ ​ (50) ​ ​ (283) ​ ​ ​ ​ 7,950 ​ ​ 29,717 ​ Less current portion, net of discount and debt issuance costs ​ ​ — ​ ​ (5,936) ​ Long-term portion ​ $ 7,950 ​ $ 23,781 ​ ​ Term Loan On May 23, 2018, Sportsman’s Warehouse, entered into the Amended Credit Agreement. Revolving Line of Credit and The Term Loan was ​ The Term Loan bears interest at a rate of LIBOR plus 5.75%. The effective rate for the Term Loan as of October 31, 2020 was 6.75% ​ As of October 31, 2020, and February 1, 2020, the Term Loan had an outstanding balance of $8,000 and $30,000, respectively. The outstanding amounts under the Term Loan as of October 31, 2020 and February 1, 2020 are offset on the condensed consolidated balance sheets by debt issuance costs of $50 and $283, respectively. ​ During the 13 and 39 weeks ended October 31, 2020, the Company recognized $102 and $233, respectively, of non-cash interest expense with respect to the amortization of the deferred financing fees. During the 13 and 39 weeks ended November 2, 2019, the Company recognized $21 and $64, respectively, of non-cash interest expense with respect to the amortization of the deferred financing fees. ​ During the 13 weeks ended October 31, 2020, the Company made a voluntary $8,000 payment on the Term Loan. ​ 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 31, 2020, 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. 31, 2020
Income Taxes
Income Taxes	(9) Income Taxes The Company recognized an income tax expense of $9,530 and $3,287 in the 13 weeks ended October 31, 2020 and November 2, 2019, respectively. The Company’s effective tax rate for the 13 weeks ended October 31, 2020 and November 2, 2019 was 23.8% and 23.9%, respectively. The Company recognized an income tax expense of $20,690 and $3,195 in the 39 weeks ended October 31, 2020 and November 2, 2019, respectively. The Company’s effective tax rate for the 39 weeks ended October 31, 2020 and November 2, 2019 was 25.1% and 23.3%, respectively. The Company’s effective tax rate will generally differ from the U.S. Federal statutory rate of 21.0%, due to state taxes, permanent items, and discrete items relating to stock award deductions.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2020
Earnings Per Share
Earnings Per Share	(10) 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 income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ October 31, ​ ​ November 2, ​ ​ October 31, ​ ​ November 2, ​ ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 ​ Net income ​ $ 30,482 ​ $ 10,493 ​ $ 61,813 ​ $ 10,532 ​ Weighted-average shares of common stock outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ ​ 43,609 ​ ​ 43,230 ​ ​ 43,490 ​ ​ 43,126 ​ Dilutive effect of common stock equivalents ​ ​ 901 ​ ​ 329 ​ ​ 770 ​ ​ 190 ​ Diluted ​ ​ 44,510 ​ ​ 43,559 ​ ​ 44,260 ​ ​ 43,316 ​ Basic earnings per share ​ $ 0.70 ​ $ 0.24 ​ $ 1.42 ​ $ 0.24 ​ Diluted earnings per share ​ $ 0.68 ​ $ 0.24 ​ $ 1.40 ​ $ 0.24 ​ Restricted stock units considered anti-dilutive and excluded in the calculation ​ ​ 4 ​ ​ 16 ​ ​ 25 ​ ​ 42 ​ ​

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 31, 2020
Stock-Based Compensation
Stock-Based Compensation	(11) Stock-Based Compensation ​ Stock-Based Compensation During the 13 and 39 weeks ended October 31, 2020 the Company recognized total stock-based compensation expense of $882 and $2,436, respectively. During the 13 and 39 weeks ended November 2, 2019 the Company recognized total stock-based compensation expense of $619 and $1,567, 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 31, 2020, the number of shares available for awards under the 2019 Performance Incentive Plan (the “2019 Plan”) was 2,598. As of October 31, 2020, there were 1,207 unvested stock awards outstanding under the 2019 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 13 weeks ended October 31, 2020, no shares were issued under the ESPP and, as of October 31, 2020, the number of shares available for issuance was 406. ​ Nonvested Restricted Stock Awards During the 13 and 39 weeks ended October 31, 2020 and November 2, 2019, the Company did not issue any nonvested restricted stock awards to employees. 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 February 2, 2019 ​ 26 ​ $ 11.25 ​ Grants ​ — ​ ​ — ​ Forfeitures ​ — ​ ​ — ​ Vested ​ (26) ​ ​ 11.25 ​ Balance at November 2, 2019 ​ — ​ $ — ​ ​ Nonvested Performance-Based Stock Awards During the 13 weeks ended October 31, 2020, the Company did not ​ During the 13 weeks ended November 2, 2019 the Company did not 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 February 1, 2020 ​ 250 ​ $ 3.66 ​ Grants ​ 206 ​ ​ 5.95 ​ Forfeitures ​ (38) ​ ​ 4.33 ​ Vested ​ — ​ ​ — ​ Balance at October 31, 2020 ​ 418 ​ $ 4.73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ grant-date ​ ​ ​ Shares fair value ​ Balance at February 2, 2019 ​ 34 ​ $ 6.07 ​ Grants ​ 289 ​ ​ 3.56 ​ Forfeitures ​ (7) ​ ​ 4.91 ​ Vested ​ (6) ​ ​ 11.25 ​ Balance at November 2, 2019 ​ 310 ​ $ 3.64 ​ ​ Nonvested Stock Unit Awards During the 13 and 39 weeks ended October 31, 2020, the Company issued 4 and 430 , nonvested stock units, respectively, to employees and directors of the Company at an average value of $6.37 per share. one During the 13 and 39 weeks ended November 2, 2019, the Company issued 6 and 622 nonvested stock units to employees and members of the Board of Directors of the Company at an average value of $4.08 per share. The shares issued to employees of the Company vest over a three year period with one ​ 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 February 1, 2020 ​ 744 ​ $ 4.32 ​ Grants ​ 430 ​ ​ 6.37 ​ Forfeitures ​ (63) ​ ​ 4.71 ​ Vested ​ (320) ​ ​ 4.70 ​ Balance at October 31, 2020 ​ 791 ​ $ 5.25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ grant-date ​ ​ Shares fair value Balance at February 2, 2019 ​ 441 ​ $ 4.92 ​ Grants ​ 622 ​ ​ 4.08 ​ Forfeitures ​ (53) ​ ​ 5.13 ​ Vested ​ (237) ​ ​ 4.74 ​ Balance at November 2, 2019 ​ 773 ​ $ 4.29 ​ ​

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2020
Commitments and Contingencies.
Commitments and Contingencies	(12) Commitments and Contingencies ​ 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. ​ Parsons v. Colt’s Manufacturing Company 2:19-cv-01189-APG-EJY – ​ TMS McCarthy, LP, Etc., Pltf. v. Sportsman’s Warehouse Southwest, Inc. Etc. Et Al., Dfts.

Acquisition of Field and Stream

Acquisition of Field and Stream Stores	9 Months Ended
	Oct. 31, 2020
Acquisition of Field and Stream Stores
Acquisition of Field and Stream Stores	(13) Acquisition of Field and Stream Stores ​ 2020 Acquisitions ​ On February 14, 2020, SWI, a wholly owned subsidiary of entered into a transition services agreement pursuant to which DICK’S provided transition services to the Company for a period of up to 120 days after the 2020-I Closing Date. ​ The aggregate consideration paid to DICK’S under the 2020-I Purchase Agreement was $2,139 (the “2020-I Purchase Price”), subject to certain post-closing adjustments set forth in the 2020-I Purchase Agreement. On the 2020-I Closing Date, SWI drew $1,100 under the Revolving Line of Credit to fund a portion of the 2020-I Purchase Price. The remaining approximately $1,000 of consideration owed to DICK’S in connection with the acquisition was paid in June 2020. ​ On March 6, 2020, SWI, a wholly owned subsidiary of ​ The aggregate consideration paid to DICK’S under the 2020-II Purchase Agreement was $2,411 (the “2020-II Purchase Price”), subject to certain post-closing adjustments set forth in the 2020-II Purchase Agreement. On the 2020-II Closing Date, SWI drew $1,317 under the Revolving Line of Credit to fund a portion of the 2020-II Purchase Price. The remaining approximately $1,100 of consideration owed to DICK’S in connection with the acquisition was paid in August 2020. ​ On September 16, 2020, SWI, a wholly owned subsidiary of ​ The aggregate consideration to be paid to DICK’S under the 2020-III Purchase Agreement is $2,000, net of rent concessions and deferrals of $2,597 (the “2020-III Purchase Price”), and subject to certain post-closing adjustments set forth in the 2020-III Purchase Agreement. On the 2020-III Closing Date, SWI drew $226 under the Revolving Line of Credit to fund a portion of the 2020-III Purchase Price. The remaining approximately $1,774 of consideration owed to DICK’S in connection with the acquisition is due in January 2021. ​ As part of the acquisitions that closed in 2020, the Company incurred legal, accounting, and other due diligence fees that were expensed as incurred. Total fees incurred for the three and nine months ended October 31, 2020 were $297 and $332, respectively, which were included as a component of selling, general, and administrative expenses. ​ The acquired locations were in line with the seller’s intention to reduce its footprint in the hunting and firearms business, which resulted in a below fair value purchase price consideration shown in the tables below. ​ The following table summarizes the 2020-I Purchase Price consideration and related cash outflow at the 2020-I Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ March 12, 2020 Cash paid to seller ​ $ 1,075 Payable to seller ​ ​ 1,064 Total purchase price ​ $ 2,139 ​ The net 2020-I Purchase Price of $2,139 has been preliminarily allocated to identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 2020-I Acquired Stores other than the lease obligation. The excess of the fair value over the 2020-I Purchase price of the tangible and intangible assets acquired is recorded as a bargain purchase. The following table summarizes the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ March 12, 2020 Cash ​ $ 10 Inventory ​ ​ 2,133 Property, plant, and equipment ​ ​ 892 Operating lease right of use asset ​ ​ 2,070 Operating lease right of use liability ​ ​ (1,794) Deferred tax liability ​ ​ (314) Bargain purchase ​ ​ (858) Total ​ $ 2,139 ​ ​ The following table summarizes the 2020-II Purchase Price consideration and related cash outflow at the 2020-II Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ May 14, 2020 Cash paid to seller ​ $ 1,317 Payable to seller ​ ​ 1,094 Total purchase price ​ $ 2,411 ​ The net 2020-II Purchase Price of $2,411 has been preliminarily allocated to identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 2020-II Acquired Stores other than the lease obligation. The excess of the fair value over the 2020-II Purchase Price of the tangible and intangible assets acquired is recorded as a bargain purchase. The following table summarizes the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ May 14, 2020 Cash ​ $ 18 Inventory ​ ​ 2,218 Property, plant, and equipment ​ ​ 375 Operating lease right of use asset ​ ​ 5,605 Operating lease right of use liability ​ ​ (5,605) Deferred tax liability ​ ​ (53) Bargain purchase ​ ​ (147) Total ​ $ 2,411 ​ ​ The following table summarizes the 2020-III Purchase Price consideration and related cash outflow at the 2020-III Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ October 8, 2020 Cash paid to seller ​ $ 227 Payable to seller ​ ​ 1,774 Total purchase price ​ $ 2,001 ​ The net 2020-III Purchase Price of $2,001 has been preliminarily allocated to identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 2020-III Acquired Stores other than the lease obligation. The excess of the fair value over the 2020-III Purchase Price of the tangible and intangible assets acquired is recorded as a bargain purchase. The following table summarizes the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 8, 2020 Cash ​ $ 50 Inventory ​ ​ 3,515 Property, plant, and equipment ​ ​ 1,046 Operating lease right of use asset ​ ​ 9,534 Operating lease right of use liability ​ ​ (10,508) Deferred tax liability ​ ​ (423) Bargain purchase ​ ​ (1,213) Total ​ $ 2,001 ​ 2019 Acquisition ​ On September 28, 2019, SWI ​ The aggregate consideration paid to DICK’S under the Purchase Agreement was $28,703 ​ As part of the acquisition, the Company incurred legal, accounting, and other due diligence fees that were expensed as incurred. Total fees incurred relating to this acquisition were $662 which were included as a component of selling, general, and administrative expenses. ​ The following table summarizes the Purchase Price consideration and related cash outflow at the Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ October 11, 2019 Cash paid to seller ​ $ 19,241 Payable to seller ​ ​ 9,462 Total purchase price ​ $ 28,703 ​ The net Purchase Price of $28,703 has been allocate to identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 2019 Acquired Stores other than the lease obligation. The excess of the Purchase Price over the fair value of the tangible and intangible assets acquired is recorded as goodwill. The following table summarizes the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date: ​ ​ ​ ​ ​ ​ ​ ​ October 11, 2019 Cash ​ $ 167 Inventory ​ ​ 19,152 Property, plant, and equipment ​ ​ 5,250 Operating lease right of use asset ​ ​ 33,436 Operating lease right of use liability ​ ​ (31,051) Deferred tax asset ​ ​ 253 Goodwill ​ ​ 1,496 Total ​ $ 28,703 ​ The allocation of the purchase price for the 2019 stores that were acquired was finalized as of February 1, 2020 and the Company does not expect any further adjustments to the allocation in future periods. ​ Right of Use Asset and Liability for the 2019 Acquisition ​ The right of use asset and liability were determined by taking the present value of the future minimum lease payments associated with the 2019 acquired stores. The Company utilized discount rates for the leases similar to the rates used to present value its other leases. The difference between the asset and the liability noted above is attributable to favorable lease rates in the acquired store leases. ​ Goodwill for the 2019 Acquisition ​ Goodwill represents the excess of the purchase price over the fair value of the assets acquired. The Company believes that the primary factors supporting the amount of goodwill is the workforce acquired in the store locations. The amount of goodwill that is amortizable for tax purposes is $4,134 . ​ Pro Forma Results for the 2019 Acquisition and 2020 Acquisitions ​ The following pro forma results are based on the individual historical results of the 2019 and 2020 acquisitions with adjustments to give effect to the combined operations as if the acquisition had been consummated at the beginning of fiscal year 2019. The pro forma results are intended for informational purposes only and do not purport to represent what the combined results of operations would actually have been had the acquisition in fact occurred at the beginning of the earliest period presented. The pro forma information includes the following adjustments (i) depreciation based on the fair value of acquired property, plant, and equipment; (ii) cost of goods sold based on the step-up in fair value of the acquired inventory; (iii) interest expense incurred in connection with the borrowings on the revolving line of credit used to finance the acquisition; and (iv) elimination of acquisition expenses.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2020
Summary of Significant Accounting Policies
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements ​ In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (“Topic 740”) Simplifying the Accounting for Income Taxes,

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Oct. 31, 2020
Revenue Recognition
Schedule of right of return assets, contract liabilities, and sales return liabilities with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, 2020 February 1, 2020 Right of return assets, which are included in prepaid expenses and other ​ $ 2,323 ​ $ 1,683 Estimated gift card contract liability, net of breakage ​ ​ (16,088) ​ ​ (13,575) Estimated loyalty contract liability, net of breakage ​ ​ (8,654) ​ ​ (9,621) Sales return liabilities, which are included in accrued expenses ​ ​ (3,467) ​ ​ (2,512)
Schedule of Revenue by Departments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ ​ October 31, ​ November 2, October 31, November 2, ​ Department Product Offerings 2020 2019 2020 2019 ​ Camping ​ Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools ​ 12.9% ​ 14.9% ​ 13.8% ​ 15.5% ​ Apparel ​ Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear ​ 8.6% ​ 10.3% ​ 6.5% ​ 8.7% ​ Fishing ​ Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats ​ 7.8% ​ 8.9% ​ 11.5% ​ 12.6% ​ Footwear ​ Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots ​ 5.6% ​ 7.5% ​ 5.3% ​ 7.4% ​ Hunting and Shooting ​ Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear ​ 57.4% ​ 48.5% ​ 56.3% ​ 47.4% ​ Optics, Electronics, Accessories, and Other ​ Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts ​ 7.7% ​ 9.9% ​ 6.6% ​ 8.4% ​ Total ​ ​ ​ 100.0% ​ 100.0% ​ 100.0% ​ 100.0% ​

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Oct. 31, 2020
Property and Equipment.
Schedule of Property and Equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ February 1, ​ ​ 2020 2020 Furniture, fixtures, and equipment ​ $ 93,459 ​ $ 84,059 ​ Leasehold improvements ​ ​ 107,026 ​ ​ 103,791 ​ Construction in progress ​ ​ 5,241 ​ ​ 1,571 ​ Total property and equipment, gross ​ ​ 205,726 ​ ​ 189,421 ​ Less accumulated depreciation and amortization ​ ​ (106,231) ​ ​ (90,654) ​ Total property and equipment, net ​ $ 99,495 ​ $ 98,767 ​

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Oct. 31, 2020
Accrued Expenses
Components of Accrued Expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ February 1, ​ 2020 2020 Book overdraft ​ $ 20,386 ​ $ 15,827 Unearned revenue ​ ​ 29,928 ​ ​ 25,705 Accrued payroll and related expenses ​ ​ 25,605 ​ ​ 11,436 Sales and use tax payable ​ ​ 9,134 ​ ​ 5,169 Accrued construction costs ​ ​ 796 ​ ​ 1,112 Other ​ ​ 20,581 ​ ​ 10,869 Total accrued expenses ​ $ 106,430 ​ $ 70,118

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 31, 2020
Leases
Schedule of other information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ November 2, ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ (41,257) ​ $ (36,300) ​ ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities - operating leases ​ ​ (41,257) ​ ​ (36,300) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of October 31, ​ As of November 2, ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities ​ $ 33,392 ​ $ 48,737 ​ ​ ​ ​ ​ ​ Terminated right-of-use assets and liabilities ​ ​ (3,202) ​ ​ — ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term - operating leases ​ ​ 5.11 ​ ​ 5.52 ​ ​ ​ ​ ​ ​ Weighted-average discount rate - operating leases ​ ​ 8.09% ​ ​ 7.90% ​ ​ ​ ​ ​ ​
Schedule of maturities of operating lease liabilities	​ ​ ​ ​ ​ ​ ​ Operating Year Endings: Leases 2020 (remainder) ​ $ 14,416 2021 ​ ​ 56,232 2022 ​ ​ 53,245 2023 ​ ​ 48,574 2024 ​ ​ 40,158 Thereafter ​ ​ 161,734 Undiscounted cash flows ​ $ 374,359 Reconciliation of lease liabilities: ​ ​ ​ Present values ​ $ 263,063 Lease liabilities - current ​ ​ 35,730 Lease liabilities - noncurrent ​ ​ 227,333 Lease liabilities - total ​ $ 263,063 Difference between undiscounted and discounted cash flows ​ $ 111,296

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 31, 2020
Long-Term Debt
Summary of Long-Term Debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 31, ​ February 1, ​ ​ 2020 2020 Term loan ​ $ 8,000 ​ ​ 30,000 ​ Less debt issuance costs ​ ​ (50) ​ ​ (283) ​ ​ ​ ​ 7,950 ​ ​ 29,717 ​ Less current portion, net of discount and debt issuance costs ​ ​ — ​ ​ (5,936) ​ Long-term portion ​ $ 7,950 ​ $ 23,781 ​

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 31, 2020
Earnings Per Share
Computation of Basic and Diluted Earnings Per Common Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ October 31, ​ ​ November 2, ​ ​ October 31, ​ ​ November 2, ​ ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 ​ Net income ​ $ 30,482 ​ $ 10,493 ​ $ 61,813 ​ $ 10,532 ​ Weighted-average shares of common stock outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ ​ 43,609 ​ ​ 43,230 ​ ​ 43,490 ​ ​ 43,126 ​ Dilutive effect of common stock equivalents ​ ​ 901 ​ ​ 329 ​ ​ 770 ​ ​ 190 ​ Diluted ​ ​ 44,510 ​ ​ 43,559 ​ ​ 44,260 ​ ​ 43,316 ​ Basic earnings per share ​ $ 0.70 ​ $ 0.24 ​ $ 1.42 ​ $ 0.24 ​ Diluted earnings per share ​ $ 0.68 ​ $ 0.24 ​ $ 1.40 ​ $ 0.24 ​ Restricted stock units considered anti-dilutive and excluded in the calculation ​ ​ 4 ​ ​ 16 ​ ​ 25 ​ ​ 42 ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2020
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 February 2, 2019 ​ 26 ​ $ 11.25 ​ Grants ​ — ​ ​ — ​ Forfeitures ​ — ​ ​ — ​ Vested ​ (26) ​ ​ 11.25 ​ Balance at November 2, 2019 ​ — ​ $ — ​
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 February 1, 2020 ​ 250 ​ $ 3.66 ​ Grants ​ 206 ​ ​ 5.95 ​ Forfeitures ​ (38) ​ ​ 4.33 ​ Vested ​ — ​ ​ — ​ Balance at October 31, 2020 ​ 418 ​ $ 4.73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ grant-date ​ ​ ​ Shares fair value ​ Balance at February 2, 2019 ​ 34 ​ $ 6.07 ​ Grants ​ 289 ​ ​ 3.56 ​ Forfeitures ​ (7) ​ ​ 4.91 ​ Vested ​ (6) ​ ​ 11.25 ​ Balance at November 2, 2019 ​ 310 ​ $ 3.64 ​
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 February 1, 2020 ​ 744 ​ $ 4.32 ​ Grants ​ 430 ​ ​ 6.37 ​ Forfeitures ​ (63) ​ ​ 4.71 ​ Vested ​ (320) ​ ​ 4.70 ​ Balance at October 31, 2020 ​ 791 ​ $ 5.25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ average ​ ​ ​ ​ ​ grant-date ​ ​ Shares fair value Balance at February 2, 2019 ​ 441 ​ $ 4.92 ​ Grants ​ 622 ​ ​ 4.08 ​ Forfeitures ​ (53) ​ ​ 5.13 ​ Vested ​ (237) ​ ​ 4.74 ​ Balance at November 2, 2019 ​ 773 ​ $ 4.29 ​

Acquisition of Field and Stre_2

Acquisition of Field and Stream Stores (Tables)	9 Months Ended
	Oct. 31, 2020
Business Acquisition [Line Items]
Summary of the purchase price consideration and related cash outflow	​ ​ ​ ​ ​ ​ ​ ​ October 11, 2019 Cash paid to seller ​ $ 19,241 Payable to seller ​ ​ 9,462 Total purchase price ​ $ 28,703
Summary of the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date	​ ​ ​ ​ ​ ​ ​ ​ October 11, 2019 Cash ​ $ 167 Inventory ​ ​ 19,152 Property, plant, and equipment ​ ​ 5,250 Operating lease right of use asset ​ ​ 33,436 Operating lease right of use liability ​ ​ (31,051) Deferred tax asset ​ ​ 253 Goodwill ​ ​ 1,496 Total ​ $ 28,703
Summary of pro forma information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ ​ October 31, ​ November 2, ​ October 31, ​ November 2, ​ ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Net sales ​ $ 389,071 ​ 264,438 ​ 1,026,896 ​ 692,707 Net income ​ $ 30,418 ​ 10,796 ​ 61,767 ​ 11,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 0.70 ​ 0.25 ​ 1.42 ​ 0.27 Diluted ​ $ 0.68 ​ 0.25 ​ 1.40 ​ 0.27
Asset Purchase Agreement 1 With Dicks
Business Acquisition [Line Items]
Summary of the purchase price consideration and related cash outflow	​ ​ ​ ​ ​ ​ ​ ​ March 12, 2020 Cash paid to seller ​ $ 1,075 Payable to seller ​ ​ 1,064 Total purchase price ​ $ 2,139
Summary of the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date	​ ​ ​ ​ ​ ​ ​ ​ March 12, 2020 Cash ​ $ 10 Inventory ​ ​ 2,133 Property, plant, and equipment ​ ​ 892 Operating lease right of use asset ​ ​ 2,070 Operating lease right of use liability ​ ​ (1,794) Deferred tax liability ​ ​ (314) Bargain purchase ​ ​ (858) Total ​ $ 2,139
Asset Purchase Agreement 2 With Dicks
Business Acquisition [Line Items]
Summary of the purchase price consideration and related cash outflow	​ ​ ​ ​ ​ ​ ​ ​ May 14, 2020 Cash paid to seller ​ $ 1,317 Payable to seller ​ ​ 1,094 Total purchase price ​ $ 2,411
Summary of the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date	​ ​ ​ ​ ​ ​ ​ ​ May 14, 2020 Cash ​ $ 18 Inventory ​ ​ 2,218 Property, plant, and equipment ​ ​ 375 Operating lease right of use asset ​ ​ 5,605 Operating lease right of use liability ​ ​ (5,605) Deferred tax liability ​ ​ (53) Bargain purchase ​ ​ (147) Total ​ $ 2,411
Asset Purchase Agreement 3 With Dicks
Business Acquisition [Line Items]
Summary of the purchase price consideration and related cash outflow	​ ​ ​ ​ ​ ​ ​ ​ October 8, 2020 Cash paid to seller ​ $ 227 Payable to seller ​ ​ 1,774 Total purchase price ​ $ 2,001
Summary of the estimated fair value of the identifiable assets acquired and assumed liabilities as of the Closing Date	​ ​ ​ ​ ​ ​ ​ ​ October 8, 2020 Cash ​ $ 50 Inventory ​ ​ 3,515 Property, plant, and equipment ​ ​ 1,046 Operating lease right of use asset ​ ​ 9,534 Operating lease right of use liability ​ ​ (10,508) Deferred tax liability ​ ​ (423) Bargain purchase ​ ​ (1,213) Total ​ $ 2,001

Description of Business and B_2

Description of Business and Basis of Presentation (Details)	9 Months Ended
	Oct. 31, 2020segmentstatestore
Description of Business and Basis of Presentation
Number of stores | store	112
Number of states | state	27
Number of reportable segments	1
Number of operating segments	1

Revenue Recognition (Details)

Revenue Recognition (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2020USD ($)
Revenue Recognition
Gift card historical breakage (as a percent)	3.50%
Gift card escheat liability	$ 0
Redemption period	2 years
Breakage of loyalty reward (as a percent)	50.00%
Loyalty reward escheat liability	$ 0

Revenue Recognition - Contract

Revenue Recognition - Contract balances (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
Disaggregation of Revenue [Line Items]
Right of return assets, which are included in prepaid expenses and other	$ 2,323		$ 2,323		$ 1,683
Sales return liabilities, which are included in accrued expenses	(3,467)		(3,467)		(2,512)
Gift breakage income	287	$ 235	809	$ 740
Recognized customer loyalty program breakage income	820	$ 404	2,148	$ 1,064
Recognized revenues relating to contract liabilities	1,428		$ 6,849
Revenue from contract with customer liability recognition period			2 years
Gift Card
Disaggregation of Revenue [Line Items]
Estimated contract liability, net of breakage	(16,088)		$ (16,088)		(13,575)
Loyalty Reward Program
Disaggregation of Revenue [Line Items]
Estimated contract liability, net of breakage	$ (8,654)		$ (8,654)		$ (9,621)

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of revenue from contracts with customers (Details)	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Disaggregation of Revenue [Line Items]
Net sales (as a percent)	100.00%	100.00%	100.00%	100.00%
Camping
Disaggregation of Revenue [Line Items]
Net sales (as a percent)	12.90%	14.90%	13.80%	15.50%
Apparel
Disaggregation of Revenue [Line Items]
Net sales (as a percent)	8.60%	10.30%	6.50%	8.70%
Fishing
Disaggregation of Revenue [Line Items]
Net sales (as a percent)	7.80%	8.90%	11.50%	12.60%
Footwear
Disaggregation of Revenue [Line Items]
Net sales (as a percent)	5.60%	7.50%	5.30%	7.40%
Hunting and Shooting
Disaggregation of Revenue [Line Items]
Net sales (as a percent)	57.40%	48.50%	56.30%	47.40%
Optics, Electronics, Accessories, and Other
Disaggregation of Revenue [Line Items]
Net sales (as a percent)	7.70%	9.90%	6.60%	8.40%

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020
Property Plant And Equipment [Line Items]
Total property and equipment, gross	$ 205,726	$ 189,421
Less accumulated depreciation and amortization	(106,231)	(90,654)
Total property and equipment, net	99,495	98,767
Furniture, fixtures, and equipment
Property Plant And Equipment [Line Items]
Total property and equipment, gross	93,459	84,059
Leasehold improvements
Property Plant And Equipment [Line Items]
Total property and equipment, gross	107,026	103,791
Construction in progress
Property Plant And Equipment [Line Items]
Total property and equipment, gross	$ 5,241	$ 1,571

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020
Accrued Expenses
Book overdraft	$ 20,386	$ 15,827
Unearned revenue	29,928	25,705
Accrued payroll and related expenses	25,605	11,436
Sales and use tax payable	9,134	5,169
Accrued construction costs	796	1,112
Other	20,581	10,869
Total accrued expenses	$ 106,430	$ 70,118

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Lessee, Lease, Description [Line Items]
Options to extend			true
Increase in ROU assets and operating lease liabilities	$ 20,329		$ 32,102
Lease expense	$ 17,068	$ 14,666	$ 50,270	$ 43,480
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	10 years		10 years

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
Leases
Operating cash flows from operating leases - Cash paid for amounts included in the measurement of lease liabilities	$ (41,257)	$ (36,300)
Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities	33,392	$ 48,737
Terminated right-of-use assets and liabilities	$ (3,202)
Weighted-average remaining lease term - operating leases	5 years 1 month 9 days	5 years 6 months 7 days
Weighted-average discount rate - operating leases	8.09%	7.90%

Leases - ASC 842 Maturities (De

Leases - ASC 842 Maturities (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020
Maturities:
2020 (remainder)	$ 14,416
2021	56,232
2022	53,245
2023	48,574
2024	40,158
Thereafter	161,734
Undiscounted cash flows	374,359
Reconciliation of lease liabilities:
Lease liabilities - current	35,730	$ 34,487
Lease liabilities - noncurrent	227,333	$ 217,254
Lease liabilities - total	263,063
Difference between undiscounted and discounted cash flows	$ 111,296

Revolving Line Of Credit (Detai

Revolving Line Of Credit (Details) - USD ($) $ in Thousands	May 23, 2018	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Line Of Credit Facility [Line Items]
Capitalization of fees paid	$ 1,331
Amortization of deferred financing fees		$ 102	$ 21	$ 233	$ 64
Gross borrowings under revolving line of credit		403,960	271,309	984,577	676,639
Gross paydowns under revolving line of credit		424,826	268,972	1,110,758	692,989
Wells Fargo Senior Secured Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit facility, amount outstanding		0		0		$ 123,478
Amounts in depository under lock-box arrangements		16,844		$ 16,844		7,400
Revolving credit facility, covenant term				The Amended Credit Agreement also requires the Company to maintain a minimum availability at all times of not less than 10% of the gross borrowing base
Line of credit , maturity date				May 23, 2023
Deferred financing fees outstanding		646		$ 646		$ 834
Amortization of deferred financing fees		63	$ 67	$ 188	$ 188
Wells Fargo Senior Secured Revolving Credit Facility | Minimum
Line Of Credit Facility [Line Items]
Line of credit facility gross borrowing base percentage				10.00%
Wells Fargo Senior Secured Revolving Credit Facility | Maximum
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	250,000
New Term Loan
Line Of Credit Facility [Line Items]
New term loan	$ 40,000
Wells Fargo Stand-by Commercial Letters of Credit
Line Of Credit Facility [Line Items]
Net borrowing available under revolving line of credit		$ 1,705		$ 1,705

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020
Less current portion, net of discount and debt issuance costs		$ (5,936)
Long-term portion	$ 7,950	23,781
Prior Term Loan
Term loan		30,000
Less debt issuance costs		(283)
Long-term debt		29,717
Less current portion, net of discount and debt issuance costs		(5,936)
Long-term portion		$ 23,781
New Term Loan
Term loan	8,000
Less debt issuance costs	(50)
Long-term debt	7,950
Less current portion, net of discount and debt issuance costs
Long-term portion	$ 7,950

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	May 23, 2018	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Debt Instrument [Line Items]
Amortization of deferred financing fees		$ 102	$ 21	$ 233	$ 64
Payment on the Term loan		$ 8,000
New Term Loan
Debt Instrument [Line Items]
Debt instrument issuance price, percentage of aggregate principal amount	100.00%
New term loan	$ 40,000
Line of credit, maturity date	May 23, 2023
Term loan effective rate		6.75%		6.75%
Term loan		$ 8,000		$ 8,000
Unamortized debt issuance costs		$ 50		$ 50
Prior Term Loan
Debt Instrument [Line Items]
Term loan						$ 30,000
Unamortized debt issuance costs						$ 283
LIBOR | New Term Loan
Debt Instrument [Line Items]
Term loan interest rate (as a percent)	5.75%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Income Taxes
Income tax expense	$ 9,530	$ 3,287	$ 20,690	$ 3,195
Effective tax rate	23.80%	23.90%	25.10%	23.30%
Federal statutory rate			21.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Earnings Per Share
Net income	$ 30,482	$ 10,493	$ 61,813	$ 10,532
Weighted-average shares of common stock outstanding:
Basic	43,609	43,230	43,490	43,126
Dilutive effect of common stock equivalents	901	329	770	190
Diluted	44,510	43,559	44,260	43,316
Basic earnings per share	$ 0.70	$ 0.24	$ 1.42	$ 0.24
Diluted earnings per share	$ 0.68	$ 0.24	$ 1.40	$ 0.24
Restricted stock units considered anti-dilutive and excluded in the calculation	4	16	25	42

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. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Jan. 30, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation			$ 2,436	$ 1,567
Nonvested Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vested, Shares				(26)
Nonvested Performance-Based Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units			206	289
Nonvested stock issued, weighted average grant date fair value per share			$ 5.95	$ 3.56
Vested, Shares				(6)	(226)
Nonvested Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units			430	622
Nonvested stock issued, weighted average grant date fair value per share			$ 6.37	$ 4.08
Vested, Shares			(320)	(237)
Employees | Nonvested Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units	0	0	0	0
Employees | Nonvested Performance-Based Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of shares subject to award	412	578	412	578
Issuance of nonvested stock units	0	0	206	289
Nonvested stock issued, weighted average grant date fair value per share	$ 5.95	$ 3.56	$ 5.95	$ 3.56
Target number of shares subject to award			206	289
Employees | Nonvested Performance-Based Stock Awards | Minimum threshold performance target not achieved
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vested, Shares			0	0
Employees | Nonvested Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested stock awards vested over grant date			3 years	3 years
Vesting percentage			33.00%	33.00%
Board Of Directors | Nonvested Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested stock awards vested over grant date			12 months	12 months
Employees And Board Of Directors | Nonvested Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units	4	6	430	622
Nonvested stock issued, weighted average grant date fair value per share	$ 6.37	$ 4.08	$ 6.37	$ 4.08
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for awards	406		406
Maximum number of shares subject to award						800
Shares issued under ESPP	0
2019 Plan | Employee Stock Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for awards	2,598		2,598
Number of awards outstanding	1,207		1,207
Selling, General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation	$ 882	$ 619	$ 2,436	$ 1,567

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - $ / shares shares in Thousands	9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Nonvested Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares		26	26
Vested, Shares		(26)
Beginning balance, Weighted average grant-date fair value		$ 11.25	$ 11.25
Vested, Weighted average grant-date fair value		$ 11.25
Nonvested Performance-Based Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares	250	34	34
Grants, Shares	206	289
Forfeitures, Shares	(38)	(7)
Vested, Shares		(6)	(226)
Ending balance, Shares	418	310	250
Beginning balance, Weighted average grant-date fair value	$ 3.66	$ 6.07	$ 6.07
Grants, Weighted average grant-date fair value	5.95	3.56
Forfeitures, Weighted average grant-date fair value	4.33	4.91
Vested, Weighted average grant-date fair value		11.25
Ending balance, Weighted average grant-date fair value	$ 4.73	$ 3.64	$ 3.66
Nonvested Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares	744	441	441
Grants, Shares	430	622
Forfeitures, Shares	(63)	(53)
Vested, Shares	(320)	(237)
Ending balance, Shares	791	773	744
Beginning balance, Weighted average grant-date fair value	$ 4.32	$ 4.92	$ 4.92
Grants, Weighted average grant-date fair value	6.37	4.08
Forfeitures, Weighted average grant-date fair value	4.71	5.13
Vested, Weighted average grant-date fair value	4.70	4.74
Ending balance, Weighted average grant-date fair value	$ 5.25	$ 4.29	$ 4.32

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Jul. 02, 2019defendant
Commitments and Contingencies.
Number of defendants in Parson's v. Colt's Manufacturing Company legal case	16
Number of company subsidiaries named as defendant in Parsons v. Colt's Manufacturing Company legal case	1

Acquisition of Field and Stre_3

Acquisition of Field and Stream Stores (Details) $ in Thousands

Oct. 08, 2020USD ($)

Sep. 16, 2020store

May 14, 2020USD ($)

Mar. 12, 2020USD ($)

Mar. 06, 2020store

Feb. 14, 2020store

Oct. 11, 2019USD ($)store

Sep. 28, 2019store

Aug. 31, 2020USD ($)

Jun. 30, 2020USD ($)

Jan. 31, 2020USD ($)

Oct. 31, 2020USD ($)

Oct. 31, 2020USD ($)

Asset Purchase Agreement 1 With Dicks

Business Acquisition [Line Items]

Aggregate consideration

$ 2,139

Remaining consideration paid to seller

1,075

Liabilities except leases assumed

$ 0

Asset Purchase Agreement 2 With Dicks

Business Acquisition [Line Items]

Aggregate consideration

$ 2,411

Remaining consideration paid to seller

1,317

Liabilities except leases assumed

$ 0

Asset Purchase Agreement 3 With Dicks

Business Acquisition [Line Items]

Aggregate consideration

$ 2,001

Remaining consideration paid to seller

227

Liabilities except leases assumed

$ 0

Sportsman's Warehouse, Inc | DICK'S

Business Acquisition [Line Items]

Number of stores acquired | store

8

Maximum period for which transition services will be provided

120 days

Aggregate consideration

$ 28,703

Remaining consideration paid to seller

$ 19,241

$ 9,000

Acquisition related cost

$ 662

Number of acquired stores at closing date of agreement | store

8

Liabilities except leases assumed

$ 0

Sportsman's Warehouse, Inc | DICK'S | Revolving Credit Facility

Business Acquisition [Line Items]

Amount drawn

$ 19,703

Sportsman's Warehouse, Inc | Asset Purchase Agreement 1 With Dicks

Business Acquisition [Line Items]

Number of stores acquired | store

1

Maximum period for which transition services will be provided

120 days

Aggregate consideration

$ 2,139

Remaining consideration paid to seller

$ 1,000

Sportsman's Warehouse, Inc | Asset Purchase Agreement 1 With Dicks | Revolving Credit Facility

Business Acquisition [Line Items]

Amount drawn

$ 1,100

Sportsman's Warehouse, Inc | Asset Purchase Agreement 2 With Dicks

Business Acquisition [Line Items]

Number of stores acquired | store

1

Maximum period for which transition services will be provided

120 days

Aggregate consideration

$ 2,411

Remaining consideration paid to seller

$ 1,100

Sportsman's Warehouse, Inc | Asset Purchase Agreement 2 With Dicks | Revolving Credit Facility

Business Acquisition [Line Items]

Amount drawn

$ 1,317

Sportsman's Warehouse, Inc | Asset Purchase Agreement 3 With Dicks

Business Acquisition [Line Items]

Number of stores acquired | store

2

Maximum period for which transition services will be provided

120 days

Aggregate consideration

$ 2,000

Net of rent concessions and deferrals

2,597

Sportsman's Warehouse, Inc | Asset Purchase Agreement 3 With Dicks | Revolving Credit Facility

Business Acquisition [Line Items]

Amount drawn

$ 226

Sportsman's Warehouse, Inc | 2020 Acquisitions

Business Acquisition [Line Items]

Acquisition related cost

$ 297

$ 332

Acquisition of Field and Stre_4

Acquisition of Field and Stream Stores - Purchase price consideration and related cash outflow (Details) - USD ($) $ in Thousands	Oct. 08, 2020	May 14, 2020	Mar. 12, 2020	Oct. 11, 2019	Aug. 31, 2020	Jun. 30, 2020	Jan. 31, 2020	Jan. 31, 2021	Oct. 31, 2020	Nov. 02, 2019
Business Acquisition [Line Items]
Payable to seller									$ 1,774	$ 9,462
DICK'S | Sportsman's Warehouse, Inc
Business Acquisition [Line Items]
Cash paid to seller				$ 19,241			$ 9,000
Payable to seller				9,462
Total purchase price				$ 28,703
Amount of goodwill amortizable for tax purpose									$ 4,134
Asset Purchase Agreement 1 With Dicks
Business Acquisition [Line Items]
Cash paid to seller			$ 1,075
Payable to seller			1,064
Total purchase price			2,139
Asset Purchase Agreement 1 With Dicks | Sportsman's Warehouse, Inc
Business Acquisition [Line Items]
Cash paid to seller						$ 1,000
Total purchase price			$ 2,139
Asset Purchase Agreement 2 With Dicks
Business Acquisition [Line Items]
Cash paid to seller		$ 1,317
Payable to seller		1,094
Total purchase price		2,411
Asset Purchase Agreement 2 With Dicks | Sportsman's Warehouse, Inc
Business Acquisition [Line Items]
Cash paid to seller					$ 1,100
Total purchase price		$ 2,411
Asset Purchase Agreement 3 With Dicks
Business Acquisition [Line Items]
Cash paid to seller	$ 227
Payable to seller	1,774
Total purchase price	2,001
Asset Purchase Agreement 3 With Dicks | Sportsman's Warehouse, Inc
Business Acquisition [Line Items]
Payable to seller								$ 1,774
Total purchase price	$ 2,000

Acquisition of Field and Stre_5

Acquisition of Field and Stream Stores - Estimated fair value of the identifiable assets acquired and assumed liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Oct. 08, 2020	May 14, 2020	Mar. 12, 2020	Feb. 01, 2020	Oct. 11, 2019
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Cash						$ 167
Inventory						19,152
Property, plant, and equipment						5,250
Operating lease right of use asset						33,436
Operating lease right of use liability						(31,051)
Deferred tax asset						253
Goodwill	$ 1,496				$ 1,496	1,496
Total						$ 28,703
Asset Purchase Agreement 1 With Dicks
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Cash				$ 10
Inventory				2,133
Property, plant, and equipment				892
Operating lease right of use asset				2,070
Operating lease right of use liability				(1,794)
Deferred tax liability				(314)
Bargain purchase				(858)
Total				$ 2,139
Asset Purchase Agreement 2 With Dicks
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Cash			$ 18
Inventory			2,218
Property, plant, and equipment			375
Operating lease right of use asset			5,605
Operating lease right of use liability			(5,605)
Deferred tax liability			(53)
Bargain purchase			(147)
Total			$ 2,411
Asset Purchase Agreement 3 With Dicks
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Cash		$ 50
Inventory		3,515
Property, plant, and equipment		1,046
Operating lease right of use asset		9,534
Operating lease right of use liability		(10,508)
Deferred tax liability		(423)
Bargain purchase		(1,213)
Total		$ 2,001

Acquisition of Field and Stre_6

Acquisition of Field and Stream Stores - Pro forma results - (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Business Acquisitions ProForma
Net sales	$ 389,071	$ 264,438	$ 1,026,896	$ 692,707
Net income	$ 30,418	$ 10,796	$ 61,767	$ 11,572
Basic	$ 0.70	$ 0.25	$ 1.42	$ 0.27
Diluted	$ 0.68	$ 0.25	$ 1.40	$ 0.27