Sportsman's Warehouse (SPWH) 10-K2 Apr 212020 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jan. 30, 2021	Apr. 02, 2021	Aug. 01, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jan. 30, 2021
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, par value $0.01 per share
Trading Symbol	SPWH
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,648,226
Entity Public Float			$ 694,897,431
Current Fiscal Year End Date	--01-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Central Index Key	0001132105
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 30, 2021	Feb. 01, 2020
Current assets:
Cash	$ 65,525	$ 1,685
Accounts receivable, net	581	904
Merchandise inventories	243,434	275,505
Income tax receivable		812
Prepaid expenses and other	15,113	12,732
Total current assets	324,653	291,638
Operating lease right of use asset	235,262	224,520
Property and equipment, net	99,118	98,767
Goodwill	1,496	1,496
Definite lived intangibles, net	289	220
Total assets	660,818	616,641
Current liabilities:
Accounts payable	77,441	38,157
Accrued expenses	109,056	70,118
Income taxes payable	4,917
Operating lease liability, current	36,014	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	227,428	264,776
Long-term liabilities:
Long-term debt, net of discount, debt issuance costs, and current portion		23,781
Deferred income taxes	434	562
Operating lease liability, noncurrent	228,296	217,254
Total long-term liabilities	228,730	241,597
Total liabilities	456,158	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; 43,623 and 43,296 shares issued and outstanding, respectively	436	433
Additional paid-in capital	89,815	86,806
Accumulated earnings	114,409	23,029
Total stockholders' equity	204,660	110,268
Total liabilities and stockholders' equity	$ 660,818	$ 616,641

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jan. 30, 2021	Feb. 01, 2020
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	43,623	43,296
Common stock, shares outstanding	43,623	43,296

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
CONSOLIDATED STATEMENTS OF INCOME
Net sales	$ 1,451,767	$ 886,401	$ 849,129
Cost of goods sold	975,313	589,768	564,199
Gross profit	476,454	296,633	284,930
Selling, general, and administrative expenses	353,706	263,169	240,911
Income from operations	122,748	33,464	44,019
Bargain purchase gain	(2,218)
Interest expense	3,506	7,995	13,206
Income before income taxes	121,460	25,469	30,813
Income tax expense	30,080	5,254	7,063
Net income	$ 91,380	$ 20,215	$ 23,750
Income per share:
Basic	$ 2.10	$ 0.47	$ 0.55
Diluted	$ 2.06	$ 0.46	$ 0.55
Weighted average shares outstanding:
Basic	43,525	43,166	42,878
Diluted	44,430	43,588	42,979

CONSOLIDATED STATEMENTS OF STOC

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. 03, 2018	42,617
Balance (ASC Topic 606) at Feb. 03, 2018			$ 2,634		$ 2,634
Balance at Feb. 03, 2018	$ 426	$ 82,197		$ (32,825)		$ 49,798
Vesting of restricted stock units (in shares)	275
Vesting of restricted stock units	$ 3	(3)
Payment of withholdings on restricted stock units		(703)				(703)
Issuance of common stock for cash per employee stock purchase plan	$ 1	351				352
Issuance of common stock for cash per employee stock purchase plan (in shares)	86
Stock based compensation		2,829				2,829
Net income				23,750		23,750
Balance, shares at Feb. 02, 2019	42,978
Balance (ASC Topic 842) at Feb. 02, 2019			$ 9,255		$ 9,255
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	$ 1	402				403
Issuance of common stock for cash per employee stock purchase plan (in shares)	120
Stock based compensation		2,104				2,104
Net income				20,215		$ 20,215
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		(870)				(870)
Issuance of common stock for cash per employee stock purchase plan		580				580
Issuance of common stock for cash per employee stock purchase plan (in shares)	72
Stock based compensation		3,302				3,302
Net income				91,380		$ 91,380
Balance, shares at Jan. 30, 2021	43,623					43,623
Balance at Jan. 30, 2021	$ 436	$ 89,815		$ 114,409		$ 204,660

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Cash flows from operating activities:
Net income	$ 91,380	$ 20,215	$ 23,750
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	21,801	19,294	17,961
Amortization and write-off of discount on debt and deferred financing fees	535	339	2,043
Amortization of definite lived intangible	28	26	289
Change in deferred rent			568
Loss (gain) on asset dispositions	804	(311)	30
Gain on bargain purchase	(2,218)
Noncash lease expense	25,307	27,009
Deferred income taxes	(919)	710	714
Stock-based compensation	3,302	2,104	2,829
Change in operating assets and liabilities, net of amounts acquired:
Accounts receivable, net	323	(655)	70
Operating lease liabilities	(24,390)	(28,374)
Merchandise inventories	39,938	20,247	(6,006)
Prepaid expenses and other	(2,633)	(1,571)	(5,339)
Accounts payable	37,812	12,709	(11,726)
Accrued expenses	42,017	8,774	7,739
Income taxes payable and receivable	5,729	(2,650)	(749)
Net cash provided by operating activities	238,816	77,866	32,173
Cash flows from investing activities:
Purchase of property and equipment, net of amounts acquired	(19,754)	(30,372)	(17,936)
Purchase of intangible asset			(259)
Acquisition of Field and Stream stores, net of cash acquired	(6,473)	(28,536)
Proceeds from deemed sale-leaseback transactions		9,533
Proceeds from deemed sale-leaseback transactions			1,717
Proceeds from sale of property and equipment		311	226
Net cash used in investing activities	(26,227)	(49,064)	(16,252)
Cash flows from financing activities:
Net payments on line of credit	(116,078)	(28,228)	84,314
(Decrease) Increase in book overdraft, net	(2,381)	5,530	353
Proceeds from issuance of common stock per employee stock purchase plan	580	403	351
Payment of withholdings on restricted stock units	(870)	(369)	(703)
Borrowings on term loan			40,000
Payment of deferred financing costs			(1,331)
Principal payments on long-term debt	(30,000)	(6,000)	(139,127)
Net cash used in financing activities	(148,749)	(28,664)	(16,143)
Net change in cash	63,840	138	(222)
Cash at beginning of period	1,685	1,547	1,769
Cash at end of period	65,525	1,685	1,547
Cash paid during the period for:
Interest, net of amounts capitalized	3,506	7,945	13,240
Income taxes, net of refunds	25,304	7,292	7,094
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	39,119	66,095
Purchases of property and equipment included in accounts payable and accrued expenses	$ 1,887	$ 1,112	$ 1,189

Nature of Business

Nature of Business	12 Months Ended
Nature of Business	Jan. 30, 2021
Nature of Business
Nature of Business	(1) Nature of Business Description of Business Sportsman’s Warehouse Holdings, Inc. (“Holdings”), a Delaware Corporation, and subsidiaries (collectively, the “Company”) operate retail sporting goods stores. As of January 30, 2021, the Company operated 112 stores in 27 states. 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	12 Months Ended
Summary of Significant Accounting Policies	Jan. 30, 2021
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of its four wholly owned subsidiaries, Sportsman’s Warehouse, Inc. (“Sportsman’s Warehouse”), Pacific Flyway Wholesale, LLC (“Pacific Flyway”), Sportsman’s Warehouse Southwest, Inc., and Minnesota Merchandising Corporation. All intercompany transactions and accounts have been eliminated in consolidation. Fiscal Year The Company operates using a 52/53 week fiscal year ending on the Saturday closest to January 31. Fiscal year 2020 ended January 30, 2021 and contained 52 weeks of operation. Fiscal year 2019 ended February 1, 2020 and contained 52 weeks of operations. Fiscal year 2018 ended February 2, 2019 and contained 52 weeks of operations. 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 in the Preparation of Consolidated Financial Statements The preparation of consolidated 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. 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 and cost center basis, for purposes of allocating resources and evaluating financial performance. The Company’s stores typically have similar square footage and offer essentially the same general product mix. The Company’s core customer demographic remains similar chainwide, as does the Company’s process for the procurement and marketing of its product mix. Furthermore, the Company distributes its product mix chainwide from a single distribution center. Given that the stores have the same economic characteristics, the individual stores are aggregated into one single Cash The Company considers cash on hand in stores and operating accounts as cash. Checks issued pending bank clearance that result in overdraft balances for accounting purposes are classified as accrued expenses in the accompanying consolidated balance sheets. In accordance with the terms of a financing agreement (Note 8), the Company maintains depository accounts with two banks in a lock-box or similar arrangement. Deposits into these accounts are used to reduce the outstanding balance on the line of credit as soon as the respective bank allows the funds to be transferred to the financing company. At January 30, 2021 and February 1, 2020, the combined balance in these accounts was $13,553 and $7,400, respectively. Accordingly, for 2019 these amounts have been classified as a reduction in the line of credit as if the transfers had occurred on February 1, 2020. For 2020, there was no remaining balance on the line of credit so these amounts were included in Cash as of January 30, 2021. Accounts Receivable The Company offers credit terms on the sale of products to certain government and corporate retail customers and requires no collateral from these customers. The Company performs ongoing credit evaluations of its customers’ financial condition and maintains an allowance for doubtful accounts receivable based upon historical experience and a specific review of accounts receivable at the end of each period. Actual bad debts may differ from these estimates and the difference could be significant. At January 30, 2021 and February 1, 2020, the Company had no allowance for doubtful accounts receivable. Merchandise Inventories The Company measures its inventory at the lower of cost or net realizable value. Cost is determined using the weighted average cost method. The Company estimates a provision for inventory shrinkage based on its historical inventory accuracy rates as determined by periodic cycle counts. The Company also adjusts inventory for obsolete, slow moving, or damaged inventory based on inventory activity thresholds and by specific identification of certain slow moving or obsolete inventory. The inventory write downs for shrinkage, damage, or obsolescence totaled $4,745 and $5,761 at January 30, 2021 and February 1, 2020, respectively. Property and Equipment Property and equipment are recorded at cost. Leasehold improvements primarily include the cost of improvements funded by landlord incentives or allowances. Maintenance, repairs, minor renewals, and betterments are expensed as incurred. Major renewals and betterments are capitalized. Upon retirement or disposal of assets, the cost and accumulated depreciation and amortization are eliminated from the respective accounts and the related gains or losses are credited or charged to earnings. Depreciation and amortization of property and equipment is computed using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the shorter of the useful lives of the improvements or the term of the lease. Furniture, fixtures, and equipment, are depreciated over useful lives ranging from 3 Impairment of Long-Lived Assets The Company reviews its long-lived assets with definite lives for impairment whenever events or changes in circumstances may indicate that the carrying value of an asset may not be recoverable. The Company uses an estimate of the future undiscounted net cash flows of the related asset or group of assets over their remaining useful lives in measuring whether the assets are recoverable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount exceeds the estimated fair value of the asset. Impairment of long-lived assets is assessed at the lowest levels for which there are identifiable cash flows that are independent of other groups of assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value, less the estimated costs to sell. An impairment charge of $1,039 relating to long-lived assets of a closed store was recorded during the fiscal year ended January 30, 2021. There were no impairment charges relating to long-lived assets that were recorded during the fiscal years ended February 1, 2020 and February 2, 2019. Goodwill If it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the impairment analysis is performed, which incorporates a fair-value based approach. The Company determines the fair value of its reporting units based on discounted cash flows and market approach analyses as considered necessary. The Company considers factors such as the economy, reduced expectations for future cash flows coupled with a decline in the market price of its stock and market capitalization for a sustained period as indicators for potential goodwill impairment. If the reporting unit’s carrying amount exceeds its fair value, the Company will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. No impairment charge to goodwill was recorded during the fiscal years ended January 30, 2021 and February 1, 2020. Prepaid Expenses and Other Prepaid expenses and other primarily consists of prepaid expenses, vendor rebates receivable, vendor advertising receivables, right of return assets, and miscellaneous deposits. Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases Leases . The Company adopted ASC 842 using the modified retrospective approach on February 3, 2019, coinciding with the standard’s effective date. In accordance with ASC 842, the Company did not restate prior comparative periods in transition to ASC 842 and instead reported prior comparative periods under ASC 840. Adoption of the standard resulted in the initial recognition of operating lease right-of-use (“ROU”) assets of $183,000 and operating lease liabilities of $214,000 as of February 3, 2019. These amounts were based on the present value of such commitments as of February 3, 2019 using the Company’s incremental borrowing rate (“IBR”), which was determined through use of the Company’s credit rating to develop a rate curve that approximates the Company’s market risk profile. The adoption of this standard had a material impact on the Company’s consolidated statement of income, balance sheet, stockholders’ equity and cash flows, with a $9,300 net adjustment recorded to beginning retained earnings on February 3, 2019 due to the acceleration of recognition of a deferred gain and derecognition of the related deferred tax asset the Company was amortizing relating to the historical sale and lease back of owned properties. In addition, the Company completed its evaluation of the practical expedients offered and enhanced disclosures required in ASC 842, as well as reviewed arrangements to identify embedded leases, among other activities, to account for the adoption of this standard. The Company elected the following practical expedients: ● A package of practical expedients allowing the Company to: 1. Carry forward its historical lease classification (i.e. it was not necessary to reclassify any existing leases at the adoption date of ASC 842), 2. Avoid reassessing whether any expired or existing contracts are or contain leases, and 3. Avoid reassessing initial indirect costs for any existing lease. ● A practical expedient allowing the Company to not separate lease components (e.g. fixed payments including, rent, real estate taxes, and insurance costs) from nonlease components (e.g. common area maintenance costs), primarily impacting the Company’s real estate leases. The election of this practical expedient eliminates the burden of separately estimating the real estate lease and nonlease costs on a relative stand-alone basis. ● A practical expedient related to land easements , allowing the Company to carry forward the accounting treatment for land easements on existing agreements and eliminated the need to reassess existing lease contracts to determine if land easements are separate leases under ASC 842. The Company did not elect a practical expedient which would allow the Company to use hindsight in determining the lease term (that is, when considering lessee options to extend or terminate the lease and to purchase the underlying asset) and to assess impairment of the entity’s ROU assets, since election of this expedient could make adoption of ASC 842 more complex given that re-evaluation of the lease term and impairment consideration affect other aspects of lease accounting. In accordance with ASC 842, the Company determines if an arrangement is a lease at inception. The Company has operating leases for the Company’s retail stores, distribution center, and corporate office. Operating leases are included in operating lease ROU assets and operating lease liabilities, current and noncurrent, on the consolidated balance sheet. Lease liabilities are initially recorded at the present value of the lease payments by discounting the lease payments by the IBR and then recording accretion over the lease term using the effective interest method. Operating lease classification results in a straight-line expense recognition pattern over the lease term and recognized lease expense as a single expense component, which results in amortization of the ROU asset that equals the difference between lease expense and interest expense. Operating lease expense is included in selling, general and administrative expense, based on the use of the leased asset, on the consolidated statement of income. Leases with an initial term of 12 months or less are not recorded on the balance sheet and are not material; the Company recognizes lease expense for these leases on a straight-line basis over the remaining lease term. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the reasonably certain lease term. As the Company’s leases generally do not provide an implicit rental rate, the Company uses an IBR to determine the present value of future rental payments. The IBR is determined by using the Company’s credit rating to develop a yield curve that approximates the Company’s market risk profile. The operating lease ROU asset also includes any prepaid lease payments made by the tenant and is reduced by lease incentives such as tenant improvement allowances. The operating lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight-line basis over the lease term. For fiscal 2018, the Company evaluated and classified its leases as operating leases for financial reporting purposes, in accordance with ASC 840. In accordance with ASC 840, deferred rent represents the difference between rent paid and amounts expensed for operating leases. Certain leases have scheduled rent increases, and certain leases include an initial period of free or reduced rent as an inducement to enter into the lease agreement (“rent holidays”). The Company recognized rent expense for rent increases and rent holidays on a straight-line basis over the term of the underlying leases, without regard to when rent payments are made. The calculation of straight-line rent begins on the possession date and extends through the “reasonably assured” lease term as defined in ASC 840. Additionally, in accordance with ASC 840, landlord allowances for tenant improvements, or lease incentives, were recorded as deferred rent and amortized on a straight-line basis over the “reasonably assured” lease term as a component of rent expense. See Note 6 for a further discussion on leases. 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 immaterial credit 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 rewards 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. 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. We offer promotional financing and credit cards issued by a third-party bank that manages and directly extends credit to our customers. We provide a license to our brand and marketing services, and we facilitate credit applications in our stores and online. The banks are the sole owners of the accounts receivable generated under the program and, accordingly, we do not hold any customer receivables related to these programs and act as an agent in the financing transactions with customers. We are eligible to receive a profit share from certain of our banking partners based on the annual performance of their corresponding portfolio, and we receive monthly payments based on forecasts of full-year performance. This is a form of variable consideration. We record such profit share as revenue over time using the most likely amount method, which reflects the amount earned each month when it is determined that the likelihood of a significant revenue reversal is not probable, which is typically monthly. Profit-share payments occur monthly, shortly after the end of each program month. 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. We estimate a reserve for sales returns and record 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 fiscal year ended January 30, 2021 and February 1, 2020: January 30, 2021 February 1, 2020 Right of return assets, which are included in prepaid expenses and other $ 2,940 $ 1,683 Estimated gift card contract liability, net of breakage (22,069) (13,575) Estimated loyalty contract liability, net of breakage (12,131) (9,621) Sales return liabilities, which are included in accrued expenses (4,388) (2,512) For the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, the Company recognized $1,167, $1,430, and $1,007 in gift card breakage, respectively. For the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, the Company recognized $4,730, $2,480, and $1,439, in loyalty reward breakage, respectively. The impact of these adjustments on the statement of cash flow for the year ended February 1, 2020 were recorded in cash provided by operating activities. For the fiscal years ended January 30, 2021, February 1, 2020 and February 2, 2019 the Company recognized $8,110, $8,219, and $8,802 of revenue related to the beginning gift card liability from the previous year. 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. Practical expedients and policy elections The Company applied the following practical expedients in its application for Topic 606: ● The Company elected to apply the practical expedient, relative to e-commerce sales, which allows an entity to account for shipping and handling as fulfillment activities, and not a separate performance obligation. Accordingly, the Company recognizes revenue for only one performance obligation, the sale of the product, at the shipping point (when the customer gains control). Revenue associated with shipping and handling is not material. The costs associated with fulfillment are recorded in costs of goods sold. ● The Company elected to apply the practical expedient, relative to sales tax collected, which allows an entity to exclude from its transaction price any amounts collected from customers for all sales (and other similar) taxes. 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 our departments for the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, were as follows: Fiscal Year Ended January 30, February 1, February 2, Department Product Offerings 2021 2020 2019 Camping Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools 12.7% 14.4% 14.2% Apparel Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear 7.5% 9.3% 8.9% Fishing Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats 9.9% 11.1% 10.6% Footwear Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots 5.6% 7.5% 7.3% Hunting and Shooting Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear 57.6% 49.1% 48.3% Optics, Electronics, Accessories, and Other Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts 6.7% 8.6% 10.7% Total 100.0% 100.0% 100.0% The Company adopted Accounting Standards Codification (“ASC”) Topic 606 The largest driver of changes for the adoption of Topic 606 was the change in the method of estimating breakage for the Company’s outstanding gift cards and loyalty reward liabilities. Under Topic 605, this breakage was historically recorded when it was determined that the gift cards or loyalty reward points were not probable to be redeemed, which was after two years for gift cards and 18 months for loyalty reward points. Topic 606, the breakage lrecognized for the loyalty reward program and gift cards is now estimated based off of historical breakage percentages, and is recognized in-line with the expected usage of the loyalty points and gift cards. Cost of Goods Sold Cost of goods sold primarily consists of merchandise acquisition costs, including freight-in costs, shipping costs, terms discounts received from the vendor and vendor allowances and rebates associated directly with merchandise. Vendor allowances include allowances and rebates received from vendors. The Company records an estimate of earned allowances based on purchase volumes. These funds are determined for each fiscal year, and the majority is based on various quantitative contract terms. Amounts expected to be received from vendors relating to purchase of merchandise inventories are recognized as a reduction of cost of goods sold as the merchandise is sold. Historical program results and current purchase volumes are reviewed when establishing the estimate for earned allowances. Shipping and Handling Fees and Costs All shipping and handling fees billed to customers are recorded as a component of net sales. All costs incurred related to the shipping and handling of products are recorded in cost of sales. Vendor Allowances Vendor allowances include price allowances, volume rebates, store opening costs reimbursements, marketing participation and advertising reimbursements received from vendors under the terms of specific arrangements with certain vendors. Vendor allowances related to merchandise are recognized as a reduction of the costs of merchandise as sold. Vendor reimbursements of costs are recorded as a reduction to expense in the period the related cost is incurred based on actual costs incurred. Any cost reimbursements exceeding expenses incurred are recognized as a reduction of the cost of merchandise sold. Volume allowances may be estimated based on historical purchases and estimates of projected purchases. Health Insurance The Company maintains for its employees a partially self-funded health insurance plan. The Company maintains stop-loss insurance through an insurance company with a $100 per person deductible and aggregate claims limit above a predetermined threshold. The Company intends to maintain this plan indefinitely. However, the plan may be terminated, modified, suspended, or discontinued at any time for any reason specified by the Company. The Company has established reserve amounts based upon claims history and estimates of claims that have been incurred but not reported (“IBNR”) for this plan. As of January 30, 2021, and February 1, 2020, the Company estimated the IBNR for this plan to be $1,070 and $945, respectively. Actual claims may differ from the estimate and such difference could be significant. These reserves are included in accrued expenses in the accompanying consolidated balance sheets. Workers Compensation Insurance The Company maintains for its employees a high-deductible workers compensation plan. The Company maintains stop-loss insurance through an insurance company with a $150 per claim deductible and aggregate claims limit above a predetermined threshold. The Company intends to maintain this plan indefinitely. However, the plan may be terminated, modified, suspended, or discontinued at any time for any reason specified by the Company. The Company has established reserve amounts based upon claims history and estimates of IBNR for this plan. As of January 30, 2021, and February 1, 2020, the Company estimated the IBNR for this plan to be $1,079 and $902, respectively, related to the workers compensation plan. Actual claims may differ from the estimate and such difference could be significant. These reserves are included in accrued expenses in the accompanying consolidated balance sheets. Advertising Costs for newspaper, television, radio, and other advertising are expensed in the period in which the advertising occurs. The Company participates in various advertising and marketing cooperative programs with its vendors, who, under these programs, reimburse the Company for certain costs incurred. Payments received under these cooperative programs are recorded as a decrease to expense in the period that the advertising occurred. For the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, net advertising expenses totaled $15,663, $11,493, and $8,437, respectively. These amounts are included in selling, general and administrative expenses in the accompanying consolidated statements of income. Stock-Based Compensation Compensation expense is estimated based on grant date fair value on a straight-line basis over the requisite service or offering period. Costs associated with awards are included in compensation expense as a component of selling, general, and administrative expenses. Income Taxes The Company recognizes a deferred income tax liability or deferred income tax asset for the future tax consequences attributable to differences between the financial statement basis of existing assets and liabilities and their respective tax basis. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided against deferred income tax assets when it is more likely than not that all or some portion of the deferred income tax assets will not be realized. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the relevant tax authorities, based on the technical merits of the position. Interest and potential penalties are accrued related to unrecognized tax benefits in the provision for income taxes. Fair Value of Financial Instruments As of January 30, 2021, and February 1, 2020, the carrying amounts of financial instruments except for long-term debt approximate fair value because of the general short-term nature of these instruments. The carrying amounts of long-term variable rate debt approximate fair value as the terms are consistent with market terms for similar debt instruments. Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted-average shares of common stock outstanding, reduced by 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. Comprehensive Income The Company has no components of income that would require classification as other comprehensive income for the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019. Recent 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,

Acquisition of Field and Stream

Acquisition of Field and Stream Stores	12 Months Ended
Acquisition of Field and Stream Stores	Jan. 30, 2021
Acquisition of Field and Stream Stores
Acquisition of Field and Stream Stores	(3) Acquisition of Field & Stream Stores 2020 Acquisitions On February 14, 2020, Sportsman’s Warehouse, Inc. (“ SWI”), a wholly owned subsidiary of 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, 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, The aggregate consideration to be paid to DICK’S under the 2020-III Purchase Agreement is $2,001, 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 (as defined in Note 8) 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 was paid in cash 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 fiscal year 2020 was $237 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 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 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 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 As of January 30, 2021, all purchase price allocations of 2020 acquisitions were finalized and the Company does not expect any further adjustments to the allocation in future periods. 2019 Acquisition On September 28, 2019, SWI entered into an Asset Purchase Agreement (the “Purchase Agreement”) with DICK’S Sporting Goods, Inc. (“DICK’S”). Pursuant to the Purchase Agreement, Sportsman’s Warehouse SWI Sportsman’s Warehouse 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 allocated to the identifiable assets acquired based on their respective estimated fair values. No liabilities were assumed as part of the acquisition of the 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 2019 and 2020 Acquisitions The right of use asset and liability were determined by taking the present value of the future minimum lease payments associated with the 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 for the 2019 acquisitions is attributable to net favorable lease rates in the acquired store leases. The difference between the asset and the liability noted above for the 2020 acquisitions is attributable to net unfavorable lease rates in the acquired store leases. Goodwill for 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 . Results of Operations for 2019 and 2020 Acquisition The results of operations of the 2019 Acquired Stores were included in the Company’s results of operations beginning on October 11, 2019. From October 11, 2019 through February 1, 2020 the Acquired stores generated net sales of $24,345 and net income of approximately $2,246 . The results of operations of the 2020 Acquired Stores were included in the Company’s results of operations beginning on the dates of acquisition noted above. From the dates of acquisition, the 2020 Acquired stores generated net sales of $34,555 and net income of approximately $4,659 . Pro Forma Results for 2020 Acquisitions (unaudited) The following pro forma results are based on the individual historical results of the 2020 acquired stores with adjustments to give effect to the combined operations as if the acquisitions 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 acquisitions 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 acquisitions; and (iv) elimination of acquisition expenses. Fiscal Year Ended January 30, February 1, 2021 2020 Net sales 1,464,406 909,113 Net income 91,475 19,775 Earnings per share: Basic 2.10 0.46 Diluted 2.07 0.45

Property and Equipment

Property and Equipment	12 Months Ended
Property and Equipment	Jan. 30, 2021
Property and Equipment.
Property and Equipment	(4) Property and Equipment Property and equipment as of January 30, 2021 and February 1, 2020 was as follows: January 30, February 1, 2021 2020 Furniture, fixtures, and equipment $ 96,085 $ 84,059 Leasehold improvements 112,338 103,791 Construction in progress 2,614 1,571 Total property and equipment, gross 211,037 189,421 Less accumulated depreciation and amortization (111,919) (90,654) Total property and equipment, net $ 99,118 $ 98,767 Depreciation expense was $21,801, $19,294, and $17,961, for the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, respectively.

Definite Lived Intangible Asset

Definite Lived Intangible Assets	12 Months Ended
Definite Lived Intangible Assets	Jan. 30, 2021
Definite Lived Intangible Assets
Definite Lived Intangible Assets	(5) Definite Lived Intangible Assets The following table summarizes the definite lived intangible assets: January 30, 2021 Amortization period Gross carrying amount Accumulated amortization Net carrying amount Amortizing intangible assets: Domain Name 10 years 257 (65) 192 Intellectual Property 8 Years 100 (3) 97 Total $ 357 (68) 289 February 1, 2020 Amortization period Gross carrying amount Accumulated amortization Net carrying amount Amortizing intangible assets: Domain Name 10 Years $ 257 (37) 220 Total $ 257 (37) 220 Amortization expense for definite lived intangible asset was $28, $26, and $289, for the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, respectively.

Leases

Leases	12 Months Ended
Leases	Jan. 30, 2021
Leases
Leases	(6) Leases At the inception of the lease, the Company’s operating leases have remaining 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. The adoption of ASC 842 resulted in recording a non-cash transitional adjustment to ROU assets and operating lease liabilities of $183,000 and $214,000, respectively, as of February 3, 2019. The difference between the ROU assets and operating lease liabilities at transition primarily represented existing deferred rent, tenant improvement allowances and prepaid rent of $14,200, $20,600 and $3,800, respectively, which were recorded as a component of the ROU asset in connection with the non-cash transitional adjustment. As a result of the adoption of ASC 842, the Company also recorded an increase to retained earnings of $9,300, net of tax, as of February 3, 2019, in relation to the accelerated recognition of a deferred lease gain, and derecognition of the related deferred tax asset, which the Company was amortizing relating to the historical sales of owned properties it currently leases. In the fiscal year ended January 30, 2021, the Company recorded a non-cash increase of $39,119, to ROU assets and operating lease liabilities resulting from lease remeasurements from the exercise of lease extension options, acquired leases, and new leases added. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In accordance with ASC 842, total lease expense, including common area maintenance (CAM), recorded during the fiscal year ended January 30, 2021, and February 1, 2020 was $68,012 and $59,846, respectively. In accordance with ASC 842, other information related to leases was as follows: Fiscal Year Ended January 30, February 1, 2021 2020 Operating cash flows from operating leases $ (55,765) $ (49,713) Cash paid for amounts included in the measurement of lease liabilities - operating leases (55,765) (49,713) As of January 30, As of February 1 2021 2020 Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities $ 39,119 $ 66,095 Terminated right-of-use assets and liabilities $ (2,947) $ — Weighted-average remaining lease term - operating leases 6.09 6.26 Weighted-average discount rate - operating leases 8.35% 8.00% In accordance with ASC 842, maturities of operating lease liabilities as of January 30, 2021 were as follows: Operating Year Endings: Leases 2021 $ 57,782 2022 55,506 2023 50,555 2024 42,138 2025 35,578 Thereafter 138,093 Undiscounted cash flows $ 379,652 Reconciliation of lease liabilities: Present values $ 264,310 Lease liabilities - current 36,014 Lease liabilities - noncurrent 228,296 Lease liabilities - total $ 264,310 Difference between undiscounted and discounted cash flows $ 115,342 The Company has excluded in the table above approximately $2.2 million of leases (undiscounted basis) that have not yet commenced. These leases will commence in 2021 with lease terms of ten years .

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
Accrued Expenses and Other Liabilities	Jan. 30, 2021
Accrued Expenses and Other Liabilities
Accrued Expenses and Other Liabilities	(7) Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of the following at January 30, 2021 and February 1, 2020: January 30, February 1, 2021 2020 Book overdraft $ 13,445 $ 15,827 Unearned revenue 38,454 25,705 Accrued payroll and related expenses 28,453 11,436 Sales and use tax payable 7,317 5,169 Accrued construction costs 339 1,112 Other 21,048 10,869 Total accrued expenses $ 109,056 $ 70,118

Revolving Line of Credit

Revolving Line of Credit	12 Months Ended
Revolving Line of Credit	Jan. 30, 2021
Revolving Line of Credit
Revolving Line of Credit	(8) Revolving Line of Credit On May 23, 2018, SWI, 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 , subject to a borrowing base calculation. Information on the Term Loan is provided in Note 9. 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 and other assets. Fees associated with the Term Loan offset the loan balance on the consolidated balance sheet of the Company. As of January 30, 2021, and February 1, 2020, the Company had $0 and Borrowings under the Revolving Line of Credit bear interest based on either, at the Company’s option, the base rate or LIBOR, in each case plus an applicable margin. The base rate is the higher of (1) Wells Fargo’s prime rate, (2) the federal funds rate (as defined in the credit agreement) plus 0.50% and (3) the one-month LIBOR (as defined in the Amended Credit Agreement) plus 1.00%. The applicable margin for loans under the Revolving Line of Credit, which varies based on the average daily availability, ranges from 0.25% to 0.75% per year for base rate loans and from 1.25% to 1.75% per year for LIBOR loans. The Company may be required to make mandatory prepayments under the Revolving Line of Credit in the event of a disposition of certain property or assets, in the event of receipt of certain insurance or condemnation proceeds, upon the issuance of certain debt or equity securities, upon the incurrence of certain indebtedness for borrowed money or upon the receipt of certain payments not received in the ordinary course of business. 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 us to maintain a minimum availability at all times of not less than 10% of the gross borrowing base. The Amended Credit Agreement also contains customary events of default. The Revolving Line of Credit matures on May 23, 2023 . Each of the subsidiaries of Holdings is a borrower under the Revolving Line of Credit, and all obligations under the Revolving Line of Credit are guaranteed by Holdings. All of the obligations under the Revolving Line of Credit are secured by a lien on substantially all of the Holdings’ tangible and intangible assets and the tangible and intangible assets of all of Holdings’ subsidiaries, including a pledge of all capital stock of each of Holdings’ subsidiaries. The lien securing the obligations under the Revolving Line of Credit is a first priority lien as to certain liquid assets, including cash, accounts receivable, deposit accounts and inventory. As of January 30, 2021, and February 1, 2020 the Amended Credit Agreement had $583 and $834, respectively in outstanding deferred financing fees. During the fiscal year ended January 30, 2021, February 1, 2020, and February 2, 2019 the Company recognized $251, $251, and $195 respectively, of non-cash interest expense with respect to the amortization of deferred financing fees. As of January 30, 2021, February 1, 2020, and February 2, 2019, gross borrowings under the Revolving Line of Credit were $1,443,172, $958,869, and $1,023,983, respectively. As of January 30, 2021, February 1, 2020, and February 2, 2019, gross paydowns under the Revolving Line of Credit were $1,599,611, $994,666, and $950,143, respectively.

Long-Term Debt

Long-Term Debt	12 Months Ended
Long-Term Debt	Jan. 30, 2021
Long-Term Debt
Long-Term Debt	(9) Long-Term Debt Long-term debt consisted of the following as of January 30, 2021 and February 1, 2020: January 30, February 1, 2021 2020 Term loan $ — 30,000 Less debt issuance costs — (283) — 29,717 Less current portion, net of discount and debt issuance costs — (5,936) Long-term portion $ — $ 23,781 Term Loan On May 23, 2018, SWI entered into the Amended Credit Agreement. Revolving Line of Credit and the Term Loan. The Term Loan was longer outstanding. Information on the Revolving Credit Facility is provided in Note 8. The Term Loan bore interest at a rate of LIBOR plus 5.75%. Each of the subsidiaries of Holdings was a borrower under the Term Loan, and all obligations under the Term Loan were guaranteed by Holdings. All of the obligations under the Term Loan were secured by a lien on substantially all of the Holdings’ tangible and intangible assets and the tangible and intangible assets of all of Holdings’ subsidiaries, including a pledge of all capital stock of each of Holdings’ subsidiaries. The lien securing the obligations under the Term Loan was a first priority lien as to certain liquid assets, including cash, accounts receivable, deposit accounts and inventory. The Term Loan required quarterly principal payments of $2,000 which began November 1, 2018 and continued until the balance is $24,000 at which time no further payments were needed until May 23, 2023, at which time the remaining balance was due in full. The Term Loan contained customary affirmative and negative covenants, including covenants that limited the Company’s ability to incur, create or assume certain indebtedness, to incur or assume certain liens, to purchase, hold or acquire certain investments, to declare or make certain dividends and distributions and to engage in certain mergers, consolidations and asset sales. As of January 30, 2021, and February 1, 2020, the Term Loan had an outstanding balance of $0 and $30,000. The outstanding amounts as of February 1, 2020 were offset on the consolidated balance sheets by debt issuance costs of $283. 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 consolidated balance sheet as of January 30, 2021, 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.

Sale Leaseback Transactions

Sale Leaseback Transactions	12 Months Ended
Sale Leaseback Transactions	Jan. 30, 2021
Leases
Sale Leaseback Transactions	(10) Sale Leaseback Transactions During the fiscal year ended January 30, 2021 the Company did not complete any deemed sale-leaseback or sale leaseback transactions. During the fiscal years ended February 1, 2020 and February 2, 2019 the Company completed deemed sale-leaseback and sale-leaseback transactions of the land and buildings associated with one and one store or corporate office locations, respectively. In each of the related lease agreements for the deemed sale leaseback locations, the Company was required to pay all construction costs directly with the right of reimbursement up to a pre-determined tenant allowance. Also, the Company indemnified the landlords with respect to costs arising from third-party damage arising from the acts or omission of employees, sub-lessees, assignees, agent, and/or contractors arising during construction. As a result, and, based on appropriate accounting guidance, the Company was the owner of the land and building during the construction period. The sale occurred when the construction of the assets was substantially complete and the lease terms began. At the time of sale, any assets, up to the value of each pre-determined tenant allowance, were written off the Company’s books, and any remaining assets were considered leasehold improvements. For the sale leaseback transaction, the Company was the owner of the building and paid all construction costs directly. Once construction was deemed complete and occupancy permits were obtained, the Company sold the building and rights to the constructed assets to the landlord for a predetermined amount and were written off the Company’s books. Any remaining assets were considered leasehold improvements or property and equipment. The total value of tenant allowances received under these transactions during fiscal years 2019 and 2018, was

Common Stock

Common Stock	12 Months Ended
Common Stock	Jan. 30, 2021
Common Stock
Common Stock	(11) Common Stock Holders of common stock are entitled to one vote per share, and to receive dividends and, upon liquidation or dissolution, are entitled to receive all assets available for distribution to stockholders on a proportional basis with the restricted nonvoting common stockholders. The holders have no preemptive or other subscription rights, and there are no redemption or sinking fund provisions with respect to such shares.

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Jan. 30, 2021
Earnings Per Share
Earnings Per Share	(12) Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of nonvested share awards and nonvested share unit awards. The following table sets forth the computation of basic and diluted earnings per common share: January 30, Feburary 1, February 2, 2021 2020 2019 Net income 91,380 $ 20,215 $ 23,750 Weighted-average shares of common stock outstanding: Basic 43,525 43,166 42,878 Dilutive effect of common stock equivalents 905 422 101 Diluted 44,430 43,588 42,979 Basic earnings per share 2.10 $ 0.47 $ 0.55 Diluted earnings per share 2.06 $ 0.46 $ 0.55 Restricted stock units considered anti-dilutive and excluded in the calculation 15 4 56

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Jan. 30, 2021
Stock-Based Compensation
Stock-Based Compensation	(13) Stock-Based Compensation Stock-Based Compensation T Employee Stock Plans As of January 30, 2021, the number of shares available for awards under the 2019 Performance Incentive Plan (the “2019 Plan”) was 2,371. As of January 30, 2021, there were 1,404 awards outstanding under the 2019 Plan. All shares granted during the current year were newly issued shares. All subsequent awards were, and all future awards are expected to be, granted under the 2019 Plan. Nonvested Performance-Based Stock Awards During fiscal year 2020, the Company issued 206 nonvested performance-based stock awards to employees at a weighted average grant date fair value of $5.95 per share. The nonvested performance-based stock awards issued to employees vest at the end of three years . The number of shares issued is contingent on management achieving a fiscal year 2020 performance target for same store sales and gross margin. Based on the performance conditions met for 2020, the finalized granted awards were 412 as presented in the table below. During fiscal year 2019, the Company issued 289 nonvested performance-based stock awards to employees at a weighted average grant date fair value of $3.53 per share. The nonvested performance-based stock awards issued to employees vest at the end of three years . The number of shares issued is contingent on management achieving a fiscal year 2019 performance target for same store sales and gross margin. Based on the performance conditions met for 2019, the finalized granted awards were 226 as presented in the table below. 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 412 5.95 Forfeitures (38) 4.33 Vested — — Balance at January 30, 2021 624 $ 5.13 Weighted average grant-date Shares fair value Balance at February 2, 2019 34 $ 6.07 Grants 226 3.53 Forfeitures (3) 4.91 Vested (7) 11.25 Balance at February 1, 2020 250 $ 3.66 Nonvested Stock Unit Awards During the fiscal year 2020, the Company issued 431 nonvested stock units to employees of the Company and independent members of the Board of Directors at a weighted average grant date fair value of $6.38 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth one third of the shares vesting on each grant date anniversary. During the fiscal year 2019, the Company issued 638 nonvested stock units to employees of the Company and independent members of the Board of Directors at a weighted average grant date fair value of $4.13 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth one third of the shares vesting on each grant date anniversary. The following table sets forth the rollforward of outstanding nonvested stock units: Weighted average grant-date Shares fair value Balance at February 1, 2020 744 $ 4.32 Grants 431 6.38 Forfeitures (65) 4.73 Vested (331) 4.86 Balance at January 30, 2021 779 $ 5.19 Weighted average grant-date Shares fair value Balance at February 2, 2019 441 $ 4.92 Grants 638 4.13 Forfeitures (66) 5.08 Vested (269) 4.67 Balance at February 1, 2020 744 $ 4.32 As of February 1, 2020, and February 2, 2019, the weighted average grant date fair value of the outstanding shares was $4.32 and $4.92, respectively.

Employee Stock Purchase Plan

Employee Stock Purchase Plan	12 Months Ended
Employee Stock Purchase Plan	Jan. 30, 2021
Stock-Based Compensation
Employee Stock Purchase Plan	(14) Employee Stock Purchase Plan In June 2015, the Company’s stockholders approved the Sportsman’s Warehouse Holdings, Inc. Employee Stock Purchase Plan (“ESPP”), which provides for the granting of up to 800 shares of the Company’s common stock to eligible employees. The ESPP period is semi-annual and allows participants to purchase the Company’s stock at 85% of the lower of (i) the market value per share of the common stock on the first day of the offering period or (ii) the market value per share of the common stock on the purchase date. The first plan period began on January 1, 2016. Stock-based compensation expense related to the ESPP in fiscal year 2020, 2019, and 2018 was $212, $133, and $143, respectively. As of January 30, 2021, due to the pending merger with the Great Outdoors Group, the Company has discontinued the ESPP program in accordance with the plan document.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Jan. 30, 2021
Income Taxes
Income Taxes	(15) Income Taxes For the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, the income tax provision consisted of the following: January 30, February 1, February 2, 2021 2020 2019 Current: Federal $ 24,023 $ 4,004 $ 4,630 State 6,991 540 1,719 Total current 31,014 4,544 6,349 Deferred: Federal (390) 1,246 598 State (544) (536) 116 Total deferred (934) 710 714 Total income tax provision $ 30,080 $ 5,254 $ 7,063 The provision for income taxes differs from the amounts computed by applying the federal statutory rate as follows for the following periods: January 30, February 1, February 2, 2021 2020 2019 Federal statutory rate 21.0 % 21.0 % 21.0 % State tax, net of federal benefit 4.1 1.5 4.1 Permanent items (0.3) 1.1 2.5 Tax credits (0.4) (2.8) — Other 0.4 (0.2) (0.4) Tax reform adjustment — — (4.3) Effective income tax rate 24.8 % 20.6 % 22.9 % The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at January 30, 2021 and February 1, 2020, respectively, are presented below: January 30, February 1, 2021 2020 Deferred tax assets: Accrued liabilities $ 2,746 $ 558 Operating lease liability 66,341 63,187 Gift card liability 862 289 Goodwill 752 835 Intangible asset 1,075 1,224 Inventories 1,052 1,452 Sales return reserve 363 208 Capital loss carryforward — 39 Stock-based compensation 768 403 Loyalty program 3,045 2,415 Total gross deferred tax assets $ 77,004 $ 70,610 Deferred tax liabilities: Depreciation $ (17,533) $ (15,020) ROU asset (59,044) (55,272) Prepaid expenses (861) (836) Gift card escheatment — (44) Total gross deferred tax liabilities $ (77,438) $ (71,172) Net deferred tax liability $ (434) $ (562) On December 22, 2017 the U.S. Government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act made broad and complex changes to existing U.S. tax laws that impact the Company. Most notably, the Tax Act reduced the U.S. Federal corporate tax rate from 35 percent to 21 percent effective January 1, 2018. The Tax Act also provides for the acceleration of depreciation for certain assets placed in service after September 27, 2017. The Tax Act also established prospective changes beginning in 2018 including the limitations on the deductibility of certain executive compensation and interest expense. The Company does not expect these limitations to have a significant impact on our consolidated financial statements. As a result of the Tax Act, the Company recorded a discrete net tax expense of $2,153 in the period ending February 3, 2018. The primary components of this tax expense include $2,600 for the revaluation of U.S. deferred tax assets and liabilities at the new corporate tax rate of 21 percent, offset by a tax benefit of $447 due to the reduction in effective rate based on the time of enactment of the tax law and our fiscal year-end. On March 27, 2020, in response to the COVID-19 pandemic, the U.S. Government enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) which provided economic relief to protect American people from the public health and economic impacts of COVID-19. The CARES Act included various changes to existing U.S. tax laws including a payroll tax deferral, employee retention credits, “retail glitch” fix related to qualified improvement property (QIP), NOL deductions, and expanded business interest expense deductions. Two of these provisions impacted the Company’s 2020 financial statements. First, the Company implemented processes to take advantage of the payroll tax deferral. The total amount of payroll taxes that were deferred in the fiscal year 2020 was $6,000 which will be paid in two equal installments on December 31, 2021 and December 31, 2022. A Deferred Tax Asset totaling $1,500 was recorded at year end for this payroll tax deferral. In addition, the “retail glitch” fix related to QIP also impacted the 2020 financial statements. Before the enactment of the CARES Act, QIP placed in service subsequent to December 31, 2017 was required to use a 39-year tax life and was not eligible for bonus depreciation. The CARES Act retroactively changed the recovery period for QIP to 15 years, which also made QIP eligible for bonus depreciation. The Company recorded a balance sheet reclassification in the first quarter of 2020 to account for this change in tax law by reducing the current income tax payable and increasing the deferred tax liability for depreciation by $2,400. Deferred tax assets have resulted primarily from the Company’s future deductible temporary differences. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company’s ability to realize its deferred tax assets depends upon the generation of sufficient future taxable income as well as the ability to use historical taxable income to allow for the utilization of its deductible temporary differences. Management evaluates the realizability of the deferred tax assets and the need for additional valuation allowances quarterly. At January 30, 2021, based on current facts and circumstances, management believes that it is more likely than not that the Company will realize benefit for its deferred tax assets. As of January 30, 2021, the Company had no unrecognized tax benefits. The Company does not anticipate that unrecognized tax benefits will significantly increase or decrease within 12 months of the reporting date. Federal and state tax years that remain subject to examination are periods ended January 30, 2016 through February 1, 2020. The Company’s policy is to accrue interest expense, and penalties as appropriate, on estimated unrecognized tax benefits as a charge to interest expense in the consolidated statements of income. No interest or penalties were accrued for fiscal year 2020 or fiscal year 2019.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jan. 30, 2021
Commitments and Contingencies.
Commitments and Contingencies	(16) 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.

Retirement Plan

Retirement Plan	12 Months Ended
Retirement Plan	Jan. 30, 2021
Retirement Plan
Retirement Plan	(17) Retirement Plan The Company sponsors a profit sharing plan (the “Plan”) for which Company contributions are based upon wages paid. As approved by the Board of Directors, the Company makes discretionary contributions to the Plan at rates determined by management. The Company made contributions of $1,532, $835, and $572, for the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, respectively.

Merger with Great Outdoors Grou

Merger with Great Outdoors Group	12 Months Ended
Merger with Great Outdoors Group	Jan. 30, 2021
Merger with Great Outdoors Group
Merger with Great Outdoors Group	(18) Merger with Great Outdoors Group On December 21, 2020, Sportsman’s Warehouse entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Great Outdoors Group, LLC, (“Great Outdoors Group”) and Phoenix Merger Sub I. Inc., (“Merger Subsidiary”). Pursuant to the terms and conditions set forth in the Merger Agreement, Merger Subsidiary will be merged with and into Sportsman’s Warehouse (the “Merger”), with Sportsman’s Warehouse continuing as the surviving corporation in the Merger and a wholly-owned subsidiary of Great Outdoors Group. Subject to the terms and conditions set forth in the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of Sportsman’s Warehouse common stock, par value The Merger Agreement has been unanimously adopted by the board of directors of Sportsman’s Warehouse, and the stockholders of Sportsman’s Warehouse approved the Merger at the special stockholders meeting held on March 23, 2021. Completion of the Merger is subject to the satisfaction of several conditions, including: (i) the expiration or termination of any applicable waiting period (and any extensions thereof) relating to the Merger under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”); (ii) the absence of any order, injunction, or other judgment by any governmental authority of competent jurisdiction that enjoins or otherwise prohibits the consummation of the Merger; (iii) the accuracy of each party’s representations and warranties (subject to certain qualifications); (iv) each party’s performance in all material respects of its obligations contained in the Merger Agreement; and (v) the absence of a material adverse effect on Sportsman’s Warehouse. Assuming receipt of required clearance pursuant to the HSR Act and timely satisfaction of other conditions to closing, we currently expect the closing of the Merger to occur in the second half of calendar year 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jan. 30, 2021
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of its four wholly owned subsidiaries, Sportsman’s Warehouse, Inc. (“Sportsman’s Warehouse”), Pacific Flyway Wholesale, LLC (“Pacific Flyway”), Sportsman’s Warehouse Southwest, Inc., and Minnesota Merchandising Corporation. All intercompany transactions and accounts have been eliminated in consolidation.
Fiscal Year	Fiscal Year The Company operates using a 52/53 week fiscal year ending on the Saturday closest to January 31. Fiscal year 2020 ended January 30, 2021 and contained 52 weeks of operation. Fiscal year 2019 ended February 1, 2020 and contained 52 weeks of operations. Fiscal year 2018 ended February 2, 2019 and contained 52 weeks of operations.
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 in the Preparation of Consolidated Financial Statements	Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of consolidated 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.
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 and cost center basis, for purposes of allocating resources and evaluating financial performance. The Company’s stores typically have similar square footage and offer essentially the same general product mix. The Company’s core customer demographic remains similar chainwide, as does the Company’s process for the procurement and marketing of its product mix. Furthermore, the Company distributes its product mix chainwide from a single distribution center. Given that the stores have the same economic characteristics, the individual stores are aggregated into one single
Cash	Cash The Company considers cash on hand in stores and operating accounts as cash. Checks issued pending bank clearance that result in overdraft balances for accounting purposes are classified as accrued expenses in the accompanying consolidated balance sheets. In accordance with the terms of a financing agreement (Note 8), the Company maintains depository accounts with two banks in a lock-box or similar arrangement. Deposits into these accounts are used to reduce the outstanding balance on the line of credit as soon as the respective bank allows the funds to be transferred to the financing company. At January 30, 2021 and February 1, 2020, the combined balance in these accounts was $13,553 and $7,400, respectively. Accordingly, for 2019 these amounts have been classified as a reduction in the line of credit as if the transfers had occurred on February 1, 2020. For 2020, there was no remaining balance on the line of credit so these amounts were included in Cash as of January 30, 2021.
Accounts Receivable	Accounts Receivable The Company offers credit terms on the sale of products to certain government and corporate retail customers and requires no collateral from these customers. The Company performs ongoing credit evaluations of its customers’ financial condition and maintains an allowance for doubtful accounts receivable based upon historical experience and a specific review of accounts receivable at the end of each period. Actual bad debts may differ from these estimates and the difference could be significant. At January 30, 2021 and February 1, 2020, the Company had no allowance for doubtful accounts receivable.
Merchandise Inventories	Merchandise Inventories The Company measures its inventory at the lower of cost or net realizable value. Cost is determined using the weighted average cost method. The Company estimates a provision for inventory shrinkage based on its historical inventory accuracy rates as determined by periodic cycle counts. The Company also adjusts inventory for obsolete, slow moving, or damaged inventory based on inventory activity thresholds and by specific identification of certain slow moving or obsolete inventory. The inventory write downs for shrinkage, damage, or obsolescence totaled $4,745 and $5,761 at January 30, 2021 and February 1, 2020, respectively.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Leasehold improvements primarily include the cost of improvements funded by landlord incentives or allowances. Maintenance, repairs, minor renewals, and betterments are expensed as incurred. Major renewals and betterments are capitalized. Upon retirement or disposal of assets, the cost and accumulated depreciation and amortization are eliminated from the respective accounts and the related gains or losses are credited or charged to earnings. Depreciation and amortization of property and equipment is computed using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the shorter of the useful lives of the improvements or the term of the lease. Furniture, fixtures, and equipment, are depreciated over useful lives ranging from 3
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews its long-lived assets with definite lives for impairment whenever events or changes in circumstances may indicate that the carrying value of an asset may not be recoverable. The Company uses an estimate of the future undiscounted net cash flows of the related asset or group of assets over their remaining useful lives in measuring whether the assets are recoverable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount exceeds the estimated fair value of the asset. Impairment of long-lived assets is assessed at the lowest levels for which there are identifiable cash flows that are independent of other groups of assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value, less the estimated costs to sell. An impairment charge of $1,039 relating to long-lived assets of a closed store was recorded during the fiscal year ended January 30, 2021. There were no impairment charges relating to long-lived assets that were recorded during the fiscal years ended February 1, 2020 and February 2, 2019.
Goodwill	Goodwill If it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the impairment analysis is performed, which incorporates a fair-value based approach. The Company determines the fair value of its reporting units based on discounted cash flows and market approach analyses as considered necessary. The Company considers factors such as the economy, reduced expectations for future cash flows coupled with a decline in the market price of its stock and market capitalization for a sustained period as indicators for potential goodwill impairment. If the reporting unit’s carrying amount exceeds its fair value, the Company will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. No impairment charge to goodwill was recorded during the fiscal years ended January 30, 2021 and February 1, 2020.
Prepaid Expenses and Other	Prepaid Expenses and Other Prepaid expenses and other primarily consists of prepaid expenses, vendor rebates receivable, vendor advertising receivables, right of return assets, and miscellaneous deposits.
Leases	Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases Leases . The Company adopted ASC 842 using the modified retrospective approach on February 3, 2019, coinciding with the standard’s effective date. In accordance with ASC 842, the Company did not restate prior comparative periods in transition to ASC 842 and instead reported prior comparative periods under ASC 840. Adoption of the standard resulted in the initial recognition of operating lease right-of-use (“ROU”) assets of $183,000 and operating lease liabilities of $214,000 as of February 3, 2019. These amounts were based on the present value of such commitments as of February 3, 2019 using the Company’s incremental borrowing rate (“IBR”), which was determined through use of the Company’s credit rating to develop a rate curve that approximates the Company’s market risk profile. The adoption of this standard had a material impact on the Company’s consolidated statement of income, balance sheet, stockholders’ equity and cash flows, with a $9,300 net adjustment recorded to beginning retained earnings on February 3, 2019 due to the acceleration of recognition of a deferred gain and derecognition of the related deferred tax asset the Company was amortizing relating to the historical sale and lease back of owned properties. In addition, the Company completed its evaluation of the practical expedients offered and enhanced disclosures required in ASC 842, as well as reviewed arrangements to identify embedded leases, among other activities, to account for the adoption of this standard. The Company elected the following practical expedients: ● A package of practical expedients allowing the Company to: 1. Carry forward its historical lease classification (i.e. it was not necessary to reclassify any existing leases at the adoption date of ASC 842), 2. Avoid reassessing whether any expired or existing contracts are or contain leases, and 3. Avoid reassessing initial indirect costs for any existing lease. ● A practical expedient allowing the Company to not separate lease components (e.g. fixed payments including, rent, real estate taxes, and insurance costs) from nonlease components (e.g. common area maintenance costs), primarily impacting the Company’s real estate leases. The election of this practical expedient eliminates the burden of separately estimating the real estate lease and nonlease costs on a relative stand-alone basis. ● A practical expedient related to land easements , allowing the Company to carry forward the accounting treatment for land easements on existing agreements and eliminated the need to reassess existing lease contracts to determine if land easements are separate leases under ASC 842. The Company did not elect a practical expedient which would allow the Company to use hindsight in determining the lease term (that is, when considering lessee options to extend or terminate the lease and to purchase the underlying asset) and to assess impairment of the entity’s ROU assets, since election of this expedient could make adoption of ASC 842 more complex given that re-evaluation of the lease term and impairment consideration affect other aspects of lease accounting. In accordance with ASC 842, the Company determines if an arrangement is a lease at inception. The Company has operating leases for the Company’s retail stores, distribution center, and corporate office. Operating leases are included in operating lease ROU assets and operating lease liabilities, current and noncurrent, on the consolidated balance sheet. Lease liabilities are initially recorded at the present value of the lease payments by discounting the lease payments by the IBR and then recording accretion over the lease term using the effective interest method. Operating lease classification results in a straight-line expense recognition pattern over the lease term and recognized lease expense as a single expense component, which results in amortization of the ROU asset that equals the difference between lease expense and interest expense. Operating lease expense is included in selling, general and administrative expense, based on the use of the leased asset, on the consolidated statement of income. Leases with an initial term of 12 months or less are not recorded on the balance sheet and are not material; the Company recognizes lease expense for these leases on a straight-line basis over the remaining lease term. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the reasonably certain lease term. As the Company’s leases generally do not provide an implicit rental rate, the Company uses an IBR to determine the present value of future rental payments. The IBR is determined by using the Company’s credit rating to develop a yield curve that approximates the Company’s market risk profile. The operating lease ROU asset also includes any prepaid lease payments made by the tenant and is reduced by lease incentives such as tenant improvement allowances. The operating lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight-line basis over the lease term. For fiscal 2018, the Company evaluated and classified its leases as operating leases for financial reporting purposes, in accordance with ASC 840. In accordance with ASC 840, deferred rent represents the difference between rent paid and amounts expensed for operating leases. Certain leases have scheduled rent increases, and certain leases include an initial period of free or reduced rent as an inducement to enter into the lease agreement (“rent holidays”). The Company recognized rent expense for rent increases and rent holidays on a straight-line basis over the term of the underlying leases, without regard to when rent payments are made. The calculation of straight-line rent begins on the possession date and extends through the “reasonably assured” lease term as defined in ASC 840. Additionally, in accordance with ASC 840, landlord allowances for tenant improvements, or lease incentives, were recorded as deferred rent and amortized on a straight-line basis over the “reasonably assured” lease term as a component of rent expense. See Note 6 for a further discussion on leases.
Revenue Recognition	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 immaterial credit 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 rewards 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. 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. We offer promotional financing and credit cards issued by a third-party bank that manages and directly extends credit to our customers. We provide a license to our brand and marketing services, and we facilitate credit applications in our stores and online. The banks are the sole owners of the accounts receivable generated under the program and, accordingly, we do not hold any customer receivables related to these programs and act as an agent in the financing transactions with customers. We are eligible to receive a profit share from certain of our banking partners based on the annual performance of their corresponding portfolio, and we receive monthly payments based on forecasts of full-year performance. This is a form of variable consideration. We record such profit share as revenue over time using the most likely amount method, which reflects the amount earned each month when it is determined that the likelihood of a significant revenue reversal is not probable, which is typically monthly. Profit-share payments occur monthly, shortly after the end of each program month. 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. We estimate a reserve for sales returns and record 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 fiscal year ended January 30, 2021 and February 1, 2020: January 30, 2021 February 1, 2020 Right of return assets, which are included in prepaid expenses and other $ 2,940 $ 1,683 Estimated gift card contract liability, net of breakage (22,069) (13,575) Estimated loyalty contract liability, net of breakage (12,131) (9,621) Sales return liabilities, which are included in accrued expenses (4,388) (2,512) For the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, the Company recognized $1,167, $1,430, and $1,007 in gift card breakage, respectively. For the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, the Company recognized $4,730, $2,480, and $1,439, in loyalty reward breakage, respectively. The impact of these adjustments on the statement of cash flow for the year ended February 1, 2020 were recorded in cash provided by operating activities. For the fiscal years ended January 30, 2021, February 1, 2020 and February 2, 2019 the Company recognized $8,110, $8,219, and $8,802 of revenue related to the beginning gift card liability from the previous year. 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. Practical expedients and policy elections The Company applied the following practical expedients in its application for Topic 606: ● The Company elected to apply the practical expedient, relative to e-commerce sales, which allows an entity to account for shipping and handling as fulfillment activities, and not a separate performance obligation. Accordingly, the Company recognizes revenue for only one performance obligation, the sale of the product, at the shipping point (when the customer gains control). Revenue associated with shipping and handling is not material. The costs associated with fulfillment are recorded in costs of goods sold. ● The Company elected to apply the practical expedient, relative to sales tax collected, which allows an entity to exclude from its transaction price any amounts collected from customers for all sales (and other similar) taxes. 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 our departments for the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, were as follows: Fiscal Year Ended January 30, February 1, February 2, Department Product Offerings 2021 2020 2019 Camping Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools 12.7% 14.4% 14.2% Apparel Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear 7.5% 9.3% 8.9% Fishing Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats 9.9% 11.1% 10.6% Footwear Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots 5.6% 7.5% 7.3% Hunting and Shooting Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear 57.6% 49.1% 48.3% Optics, Electronics, Accessories, and Other Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts 6.7% 8.6% 10.7% Total 100.0% 100.0% 100.0% The Company adopted Accounting Standards Codification (“ASC”) Topic 606 The largest driver of changes for the adoption of Topic 606 was the change in the method of estimating breakage for the Company’s outstanding gift cards and loyalty reward liabilities. Under Topic 605, this breakage was historically recorded when it was determined that the gift cards or loyalty reward points were not probable to be redeemed, which was after two years for gift cards and 18 months for loyalty reward points. Topic 606, the breakage lrecognized for the loyalty reward program and gift cards is now estimated based off of historical breakage percentages, and is recognized in-line with the expected usage of the loyalty points and gift cards.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold primarily consists of merchandise acquisition costs, including freight-in costs, shipping costs, terms discounts received from the vendor and vendor allowances and rebates associated directly with merchandise. Vendor allowances include allowances and rebates received from vendors. The Company records an estimate of earned allowances based on purchase volumes. These funds are determined for each fiscal year, and the majority is based on various quantitative contract terms. Amounts expected to be received from vendors relating to purchase of merchandise inventories are recognized as a reduction of cost of goods sold as the merchandise is sold. Historical program results and current purchase volumes are reviewed when establishing the estimate for earned allowances.
Shipping and Handling Fees and Costs	Shipping and Handling Fees and Costs All shipping and handling fees billed to customers are recorded as a component of net sales. All costs incurred related to the shipping and handling of products are recorded in cost of sales.
Vendor Allowances	Vendor Allowances Vendor allowances include price allowances, volume rebates, store opening costs reimbursements, marketing participation and advertising reimbursements received from vendors under the terms of specific arrangements with certain vendors. Vendor allowances related to merchandise are recognized as a reduction of the costs of merchandise as sold. Vendor reimbursements of costs are recorded as a reduction to expense in the period the related cost is incurred based on actual costs incurred. Any cost reimbursements exceeding expenses incurred are recognized as a reduction of the cost of merchandise sold. Volume allowances may be estimated based on historical purchases and estimates of projected purchases.
Health Insurance	Health Insurance The Company maintains for its employees a partially self-funded health insurance plan. The Company maintains stop-loss insurance through an insurance company with a $100 per person deductible and aggregate claims limit above a predetermined threshold. The Company intends to maintain this plan indefinitely. However, the plan may be terminated, modified, suspended, or discontinued at any time for any reason specified by the Company. The Company has established reserve amounts based upon claims history and estimates of claims that have been incurred but not reported (“IBNR”) for this plan. As of January 30, 2021, and February 1, 2020, the Company estimated the IBNR for this plan to be $1,070 and $945, respectively. Actual claims may differ from the estimate and such difference could be significant. These reserves are included in accrued expenses in the accompanying consolidated balance sheets.
Workers Compensation Insurance	Workers Compensation Insurance The Company maintains for its employees a high-deductible workers compensation plan. The Company maintains stop-loss insurance through an insurance company with a $150 per claim deductible and aggregate claims limit above a predetermined threshold. The Company intends to maintain this plan indefinitely. However, the plan may be terminated, modified, suspended, or discontinued at any time for any reason specified by the Company. The Company has established reserve amounts based upon claims history and estimates of IBNR for this plan. As of January 30, 2021, and February 1, 2020, the Company estimated the IBNR for this plan to be $1,079 and $902, respectively, related to the workers compensation plan. Actual claims may differ from the estimate and such difference could be significant. These reserves are included in accrued expenses in the accompanying consolidated balance sheets.
Advertising	Advertising Costs for newspaper, television, radio, and other advertising are expensed in the period in which the advertising occurs. The Company participates in various advertising and marketing cooperative programs with its vendors, who, under these programs, reimburse the Company for certain costs incurred. Payments received under these cooperative programs are recorded as a decrease to expense in the period that the advertising occurred. For the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019, net advertising expenses totaled $15,663, $11,493, and $8,437, respectively. These amounts are included in selling, general and administrative expenses in the accompanying consolidated statements of income.
Stock-Based Compensation	Stock-Based Compensation Compensation expense is estimated based on grant date fair value on a straight-line basis over the requisite service or offering period. Costs associated with awards are included in compensation expense as a component of selling, general, and administrative expenses.
Income Taxes	Income Taxes The Company recognizes a deferred income tax liability or deferred income tax asset for the future tax consequences attributable to differences between the financial statement basis of existing assets and liabilities and their respective tax basis. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided against deferred income tax assets when it is more likely than not that all or some portion of the deferred income tax assets will not be realized. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the relevant tax authorities, based on the technical merits of the position. Interest and potential penalties are accrued related to unrecognized tax benefits in the provision for income taxes.
Fair Value of Financial Instruments	Fair Value of Financial Instruments As of January 30, 2021, and February 1, 2020, the carrying amounts of financial instruments except for long-term debt approximate fair value because of the general short-term nature of these instruments. The carrying amounts of long-term variable rate debt approximate fair value as the terms are consistent with market terms for similar debt instruments.
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted-average shares of common stock outstanding, reduced by 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.
Comprehensive Income	Comprehensive Income The Company has no components of income that would require classification as other comprehensive income for the fiscal years ended January 30, 2021, February 1, 2020, and February 2, 2019.
Recent Accounting Pronouncements	Recent 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,

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Jan. 30, 2021
Summary of Significant Accounting Policies
Schedule of right of return assets, contract liabilities, and sales return liabilities with customers	January 30, 2021 February 1, 2020 Right of return assets, which are included in prepaid expenses and other $ 2,940 $ 1,683 Estimated gift card contract liability, net of breakage (22,069) (13,575) Estimated loyalty contract liability, net of breakage (12,131) (9,621) Sales return liabilities, which are included in accrued expenses (4,388) (2,512)
Schedule of Revenue by Departments	Fiscal Year Ended January 30, February 1, February 2, Department Product Offerings 2021 2020 2019 Camping Backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents and tools 12.7% 14.4% 14.2% Apparel Camouflage, jackets, hats, outerwear, sportswear, technical gear and work wear 7.5% 9.3% 8.9% Fishing Bait, electronics, fishing rods, flotation items, fly fishing, lines, lures, reels, tackle and small boats 9.9% 11.1% 10.6% Footwear Hiking boots, socks, sport sandals, technical footwear, trail shoes, casual shoes, waders and work boots 5.6% 7.5% 7.3% Hunting and Shooting Ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, reloading equipment and shooting gear 57.6% 49.1% 48.3% Optics, Electronics, Accessories, and Other Gift items, GPS devices, knives, lighting, optics, two-way radios, and other license revenue, net of revenue discounts 6.7% 8.6% 10.7% Total 100.0% 100.0% 100.0%

Acquisition of Field and Stre_2

Acquisition of Field and Stream Stores (Tables)	12 Months Ended
Acquisition of Field and Stream Stores (Tables)	Jan. 30, 2021
Business Acquisition [Line Items]
Summary of pro forma information	Fiscal Year Ended January 30, February 1, 2021 2020 Net sales 1,464,406 909,113 Net income 91,475 19,775 Earnings per share: Basic 2.10 0.46 Diluted 2.07 0.45
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
2019 Acquisition
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

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
Property and Equipment (Tables)	Jan. 30, 2021
Property and Equipment.
Schedule of Property and Equipment	January 30, February 1, 2021 2020 Furniture, fixtures, and equipment $ 96,085 $ 84,059 Leasehold improvements 112,338 103,791 Construction in progress 2,614 1,571 Total property and equipment, gross 211,037 189,421 Less accumulated depreciation and amortization (111,919) (90,654) Total property and equipment, net $ 99,118 $ 98,767

Definite Lived Intangible Ass_2

Definite Lived Intangible Assets (Tables)	12 Months Ended
Definite Lived Intangible Assets (Tables)	Jan. 30, 2021
Definite Lived Intangible Assets
Summary of Definite Lived Intangible Assets	January 30, 2021 Amortization period Gross carrying amount Accumulated amortization Net carrying amount Amortizing intangible assets: Domain Name 10 years 257 (65) 192 Intellectual Property 8 Years 100 (3) 97 Total $ 357 (68) 289 February 1, 2020 Amortization period Gross carrying amount Accumulated amortization Net carrying amount Amortizing intangible assets: Domain Name 10 Years $ 257 (37) 220 Total $ 257 (37) 220

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Jan. 30, 2021
Leases
Schedule of other information	Fiscal Year Ended January 30, February 1, 2021 2020 Operating cash flows from operating leases $ (55,765) $ (49,713) Cash paid for amounts included in the measurement of lease liabilities - operating leases (55,765) (49,713) As of January 30, As of February 1 2021 2020 Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities $ 39,119 $ 66,095 Terminated right-of-use assets and liabilities $ (2,947) $ — Weighted-average remaining lease term - operating leases 6.09 6.26 Weighted-average discount rate - operating leases 8.35% 8.00%
Schedule of maturities of operating lease liabilities	Operating Year Endings: Leases 2021 $ 57,782 2022 55,506 2023 50,555 2024 42,138 2025 35,578 Thereafter 138,093 Undiscounted cash flows $ 379,652 Reconciliation of lease liabilities: Present values $ 264,310 Lease liabilities - current 36,014 Lease liabilities - noncurrent 228,296 Lease liabilities - total $ 264,310 Difference between undiscounted and discounted cash flows $ 115,342

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
Accrued Expenses and Other Liabilities (Tables)	Jan. 30, 2021
Accrued Expenses and Other Liabilities
Components of Accrued Expenses	January 30, February 1, 2021 2020 Book overdraft $ 13,445 $ 15,827 Unearned revenue 38,454 25,705 Accrued payroll and related expenses 28,453 11,436 Sales and use tax payable 7,317 5,169 Accrued construction costs 339 1,112 Other 21,048 10,869 Total accrued expenses $ 109,056 $ 70,118

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
Long-Term Debt (Tables)	Jan. 30, 2021
Long-Term Debt
Summary of Long-Term Debt	Long-term debt consisted of the following as of January 30, 2021 and February 1, 2020: January 30, February 1, 2021 2020 Term loan $ — 30,000 Less debt issuance costs — (283) — 29,717 Less current portion, net of discount and debt issuance costs — (5,936) Long-term portion $ — $ 23,781

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Jan. 30, 2021
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: January 30, Feburary 1, February 2, 2021 2020 2019 Net income 91,380 $ 20,215 $ 23,750 Weighted-average shares of common stock outstanding: Basic 43,525 43,166 42,878 Dilutive effect of common stock equivalents 905 422 101 Diluted 44,430 43,588 42,979 Basic earnings per share 2.10 $ 0.47 $ 0.55 Diluted earnings per share 2.06 $ 0.46 $ 0.55 Restricted stock units considered anti-dilutive and excluded in the calculation 15 4 56

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Jan. 30, 2021
Stock-Based Compensation
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 412 5.95 Forfeitures (38) 4.33 Vested — — Balance at January 30, 2021 624 $ 5.13 Weighted average grant-date Shares fair value Balance at February 2, 2019 34 $ 6.07 Grants 226 3.53 Forfeitures (3) 4.91 Vested (7) 11.25 Balance at February 1, 2020 250 $ 3.66
Rollforward of Outstanding Nonvested Stock Units	Weighted average grant-date Shares fair value Balance at February 1, 2020 744 $ 4.32 Grants 431 6.38 Forfeitures (65) 4.73 Vested (331) 4.86 Balance at January 30, 2021 779 $ 5.19 Weighted average grant-date Shares fair value Balance at February 2, 2019 441 $ 4.92 Grants 638 4.13 Forfeitures (66) 5.08 Vested (269) 4.67 Balance at February 1, 2020 744 $ 4.32

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Jan. 30, 2021
Income Taxes
Provision for Income Taxes	January 30, February 1, February 2, 2021 2020 2019 Current: Federal $ 24,023 $ 4,004 $ 4,630 State 6,991 540 1,719 Total current 31,014 4,544 6,349 Deferred: Federal (390) 1,246 598 State (544) (536) 116 Total deferred (934) 710 714 Total income tax provision $ 30,080 $ 5,254 $ 7,063
Schedule of Federal Statutory Tax Rate	January 30, February 1, February 2, 2021 2020 2019 Federal statutory rate 21.0 % 21.0 % 21.0 % State tax, net of federal benefit 4.1 1.5 4.1 Permanent items (0.3) 1.1 2.5 Tax credits (0.4) (2.8) — Other 0.4 (0.2) (0.4) Tax reform adjustment — — (4.3) Effective income tax rate 24.8 % 20.6 % 22.9 %
Schedule of Deferred Tax Assets and Liabilities	January 30, February 1, 2021 2020 Deferred tax assets: Accrued liabilities $ 2,746 $ 558 Operating lease liability 66,341 63,187 Gift card liability 862 289 Goodwill 752 835 Intangible asset 1,075 1,224 Inventories 1,052 1,452 Sales return reserve 363 208 Capital loss carryforward — 39 Stock-based compensation 768 403 Loyalty program 3,045 2,415 Total gross deferred tax assets $ 77,004 $ 70,610 Deferred tax liabilities: Depreciation $ (17,533) $ (15,020) ROU asset (59,044) (55,272) Prepaid expenses (861) (836) Gift card escheatment — (44) Total gross deferred tax liabilities $ (77,438) $ (71,172) Net deferred tax liability $ (434) $ (562)

Nature of Business (Details)

Nature of Business (Details)	Jan. 30, 2021statestore
Nature of Business
Number of stores \| store	112
Number of states \| state	27

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) $ in Thousands	Feb. 04, 2018USD ($)	Jan. 30, 2021USD ($)subsidiarysegment	Feb. 01, 2020USD ($)	Feb. 02, 2019USD ($)
Significant Accounting Policies [Line Items]
Number of subsidiaries \| subsidiary		4
Fiscal period duration		364 days	364 days	364 days
Number of reportable segments \| segment		1
Number of operating segments \| segment		1
Allowance for doubtful accounts receivable		$ 0	$ 0
Inventory write downs		4,745	5,761
Amount drawn		0
Impairment charge to long-lived assets		1,039	0	$ 0
Impairment of goodwill		0	0
Prepaid expenses and other		15,113	12,732
Accumulated earnings		114,409	23,029
Gift card redemption period	2 years
Loyalty reward redemption period	18 months
Stop-loss insurance maintained by health insurance company, deductible per person under health insurance		100
Reserve on claims included in accrued expenses		1,070	945
Stop-loss insurance maintained by workers compensation insurance company, deductible per person under workers compensation insurance		150
Workers compensation plan, estimated IBNR		1,079	902
Advertising Expense		15,663	11,493	8,437
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		$ 0	0	$ 0
Minimum
Significant Accounting Policies [Line Items]
Furniture, fixtures, and equipment, estimated useful life		3 years
Maximum
Significant Accounting Policies [Line Items]
Furniture, fixtures, and equipment, estimated useful life		10 years
Adjustments due to Topic 606
Significant Accounting Policies [Line Items]
Prepaid expenses and other	$ 1,054
Accrued expenses related to sales return liability	1,054
Accrued expenses related to loyalty rewards and gift cards	(3,521)
Deferred tax assets	(884)
Accumulated earnings	$ (2,634)
Wells Fargo Senior Secured Revolving Credit Facility
Significant Accounting Policies [Line Items]
In Transit Deposits		$ 13,553	7,400
Amount drawn		$ 0	$ 123,478

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 03, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets	$ 235,262	$ 224,520
Lease liabilities	264,310
Retained earnings	$ 114,409	$ 23,029
Package of practical expedient	true
Land easement practical expedient	true
Use of hindsight practical expedient	false
ASC Topic 842 \| Restatement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets			$ 183,000
Lease liabilities			214,000
Retained earnings			$ 9,300

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Revenue Recognition Accounting Policy (Details) $ in Thousands	12 Months Ended
	Jan. 30, 2021USD ($)
Summary of Significant Accounting Policies
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

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Disaggregation of Revenue [Line Items]
Right of return assets, which are included in prepaid expenses and other	$ 2,940	$ 1,683
Sales return liabilities, which are included in accrued expenses	(4,388)	(2,512)
Gift breakage income	1,167	1,430	$ 1,007
Recognized customer loyalty program breakage income	4,730	2,480	1,439
Revenue related to the gift card liability	$ 8,110	8,219	$ 8,802
Revenue from contract with customer liability recognition period	2 years
Gift Card
Disaggregation of Revenue [Line Items]
Estimated contract liability, net of breakage	$ (22,069)	(13,575)
Loyalty Reward Program
Disaggregation of Revenue [Line Items]
Estimated contract liability, net of breakage	$ (12,131)	$ (9,621)

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Disaggregation of revenue from contracts with customers (Details)	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	100.00%	100.00%	100.00%
Camping
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	12.70%	14.40%	14.20%
Apparel
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	7.50%	9.30%	8.90%
Fishing
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	9.90%	11.10%	10.60%
Footwear
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	5.60%	7.50%	7.30%
Hunting and Shooting
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	57.60%	49.10%	48.30%
Optics, Electronics, Accessories, and Other
Disaggregation of revenue from contracts with customers
Net sales (as a percent)	6.70%	8.60%	10.70%

Acquisition of Field and Stre_3

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

Oct. 08, 2020USD ($)

Sep. 16, 2020USD ($)store

May 14, 2020USD ($)

Mar. 12, 2020USD ($)

Mar. 06, 2020USD ($)store

Feb. 14, 2020USD ($)store

Oct. 11, 2019USD ($)store

Sep. 28, 2019store

Jan. 31, 2021USD ($)

Aug. 31, 2020USD ($)

Jun. 30, 2020USD ($)

Jan. 31, 2020USD ($)

Jan. 30, 2021USD ($)

Feb. 01, 2020USD ($)

Business Acquisition [Line Items]

Amount drawn

$ 0

Sportsman's Warehouse, Inc | DICK'S

Business Acquisition [Line Items]

Number of stores acquired | store

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

Liabilities except leases assumed

$ 0

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

Business Acquisition [Line Items]

Amount drawn

$ 19,800

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

Business Acquisition [Line Items]

Number of stores acquired | store

Maximum period for which transition services will be provided

120 days

Aggregate consideration

$ 2,139

Remaining consideration paid to seller

1,075

$ 1,000

Liabilities except leases assumed

$ 0

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

Maximum period for which transition services will be provided

120 days

Aggregate consideration

$ 2,411

Remaining consideration paid to seller

1,317

$ 1,100

Liabilities except leases assumed

$ 0

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

Maximum period for which transition services will be provided

120 days

Aggregate consideration

$ 2,001

Remaining consideration paid to seller

227

$ 1,774

Net of rent concessions and deferrals

2,597

Liabilities except leases assumed

$ 0

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

$ 237

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

Sep. 16, 2020

May 14, 2020

Mar. 12, 2020

Mar. 06, 2020

Feb. 14, 2020

Oct. 11, 2019

Jan. 31, 2021

Aug. 31, 2020

Jun. 30, 2020

Jan. 31, 2020

Jan. 30, 2021

Business Acquisition [Line Items]

Amount of goodwill amortizable for tax purpose

$ 4,134

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

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

Business Acquisition [Line Items]

Cash paid to seller

$ 1,075

$ 1,000

Payable to seller

1,064

Total purchase price

$ 2,139

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

Business Acquisition [Line Items]

Cash paid to seller

$ 1,317

$ 1,100

Payable to seller

1,094

Total purchase price

$ 2,411

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

Business Acquisition [Line Items]

Cash paid to seller

$ 227

$ 1,774

Payable to seller

1,774

Total purchase price

$ 2,001

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	4 Months Ended	11 Months Ended	12 Months Ended
	Feb. 01, 2020	Jan. 30, 2021	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019	Oct. 08, 2020	May 14, 2020	Mar. 12, 2020	Oct. 11, 2019
Business Combination Recognized Identifiable Assets Acquired And Assumed Liabilities
Goodwill	$ 1,496	$ 1,496	$ 1,496	$ 1,496
Net sales	24,345	34,555	1,451,767	886,401	$ 849,129
Net income	$ 2,246	$ 4,659	$ 91,380	$ 20,215	$ 23,750
DICK'S
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
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 ($)	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020
Business Acquisitions ProForma
Net sales	$ 1,464,406	$ 909,113
Net income	$ 91,475	$ 19,775
Basic	$ 2.10	$ 0.46
Diluted	$ 2.07	$ 0.45

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Property Plant And Equipment [Line Items]
Total property and equipment, gross	$ 211,037	$ 189,421
Less accumulated depreciation and amortization	(111,919)	(90,654)
Total property and equipment, net	99,118	98,767
Depreciation expense	21,801	19,294	$ 17,961
Furniture, fixtures, and equipment
Property Plant And Equipment [Line Items]
Total property and equipment, gross	96,085	84,059
Leasehold improvements
Property Plant And Equipment [Line Items]
Total property and equipment, gross	112,338	103,791
Construction in progress
Property Plant And Equipment [Line Items]
Total property and equipment, gross	$ 2,614	$ 1,571

Definite Lived Intangible Ass_3

Definite Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020
Finite-Lived Intangible Assets, Net [Abstract]
Gross carrying amount	$ 357	$ 257
Accumulated amortization	(68)	(37)
Net carrying amount	$ 289	$ 220
Domain Name
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period	10 years	10 years
Gross carrying amount	$ 257	$ 257
Accumulated amortization	(65)	(37)
Net carrying amount	$ 192	$ 220
Intellectual Property
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period	8 years
Gross carrying amount	$ 100
Accumulated amortization	(3)
Net carrying amount	$ 97

Definite Lived Intangible Ass_4

Definite Lived Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Definite Lived Intangible Assets
Amortization expense for definite lived intangible asset, fiscal year	$ 28	$ 26	$ 289

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Jan. 30, 2021	Feb. 01, 2020	Feb. 03, 2019
Lessee, Lease, Description [Line Items]
Options to extend	true
Increase in ROU assets and operating lease liabilities	$ 39,119
Lease expense	68,012	$ 59,846
Operating lease right of use asset	235,262	224,520
Operating lease liabilities	264,310
Retained earnings	114,409	$ 23,029
ASC Topic 842 \| Restatement
Lessee, Lease, Description [Line Items]
Deferred rent	14,200
Tenant improvement allowances	20,600
Prepaid rent	$ 3,800
Operating lease right of use asset			$ 183,000
Operating lease liabilities			214,000
Retained earnings			$ 9,300
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	10 years

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020
Leases
Operating cash flows from operating leases - Cash paid for amounts included in the measurement of lease liabilities	$ (55,765)	$ (49,713)
Right-of-use assets obtained in exchange for new or remeasured operating lease liabilities	39,119	$ 66,095
Terminated right-of-use assets and liabilities	$ (2,947)
Weighted-average remaining lease term - operating leases	6 years 1 month 2 days	6 years 3 months 3 days
Weighted-average discount rate - operating leases	8.35%	8.00%

Leases - ASC 842 Maturities (De

Leases - ASC 842 Maturities (Details) - USD ($) $ in Thousands	Jan. 29, 2022	Jan. 30, 2021	Feb. 01, 2020
Maturities:
2021		$ 57,782
2022		55,506
2023		50,555
2024		42,138
2025		35,578
Thereafter		138,093
Undiscounted cash flows		379,652
Reconciliation of lease liabilities:
Lease liabilities - current		36,014	$ 34,487
Lease liabilities - noncurrent		228,296	$ 217,254
Lease liabilities - total		264,310
Difference between undiscounted and discounted cash flows		$ 115,342
Forecast
Reconciliation of lease liabilities:
Lease liabilities - noncurrent	$ 2,200
Lease term	10 years

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Jan. 30, 2021	Feb. 01, 2020
Accrued Expenses and Other Liabilities
Book overdraft	$ 13,445	$ 15,827
Unearned revenue	38,454	25,705
Accrued payroll and related expenses	28,453	11,436
Sales and use tax payable	7,317	5,169
Accrued construction costs	339	1,112
Other	21,048	10,869
Total accrued expenses	$ 109,056	$ 70,118

Revolving Line Of Credit (Detai

Revolving Line Of Credit (Details) - USD ($) $ in Thousands	May 23, 2018	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Line Of Credit Facility [Line Items]
Capitalization of fees paid	$ 1,331
Line of credit facility, amount outstanding		$ 0
Gross borrowings under revolving line of credit		1,443,172	$ 958,869	$ 1,023,983
Gross paydowns under revolving line of credit		1,599,611	994,666	950,143
Wells Fargo Senior Secured Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit facility, amount outstanding		0	123,478
Amounts in depository under lock-box arrangements		$ 13,553	7,400
Revolving credit facility, covenant term		The Amended Credit Agreement also requires us 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		$ 583	834
Amortization of deferred financing fees		$ 251	$ 251	$ 195
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
Wells Fargo Senior Secured Revolving Credit Facility \| Federal Funds Rate
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		0.50%
Wells Fargo Senior Secured Revolving Credit Facility \| Base Rate \| Minimum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		0.25%
Wells Fargo Senior Secured Revolving Credit Facility \| Base Rate \| Maximum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		0.75%
Wells Fargo Senior Secured Revolving Credit Facility \| LIBOR
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		1.00%
Wells Fargo Senior Secured Revolving Credit Facility \| LIBOR \| Minimum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		1.25%
Wells Fargo Senior Secured Revolving Credit Facility \| LIBOR \| Maximum
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)		1.75%
New Term Loan
Line Of Credit Facility [Line Items]
New term loan	$ 40,000
New Term Loan \| LIBOR
Line Of Credit Facility [Line Items]
Term loan interest rate (as a percent)	5.75%
Wells Fargo Stand-by Commercial Letters of Credit
Line Of Credit Facility [Line Items]
Net borrowing available under revolving line of credit		$ 1,955

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jan. 30, 2021	Feb. 01, 2020
Less current portion, net of discount and debt issuance costs		$ (5,936)
Long-term portion		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	$ 0

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	May 23, 2018	Jan. 30, 2021	Feb. 01, 2020
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		$ 0
Payment on the Term loan		2,000
Final Installment amount		$ 24,000
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%

Sale Leaseback Transactions (De

Sale Leaseback Transactions (Details) $ in Thousands	12 Months Ended
Sale Leaseback Transactions (Details) $ in Thousands	Feb. 01, 2020USD ($)store	Feb. 02, 2019USD ($)store	Jan. 30, 2021store
Sale Leaseback Transaction [Line Items]
Number of stores			112
Land and Buildings \| One Store Locations
Sale Leaseback Transaction [Line Items]
Number of stores	1	1
Tenant allowance received \| $	$ 9,533	$ 1,717

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	4 Months Ended	11 Months Ended	12 Months Ended
	Feb. 01, 2020	Jan. 30, 2021	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Earnings Per Share
Net income	$ 2,246	$ 4,659	$ 91,380	$ 20,215	$ 23,750
Weighted-average shares of common stock outstanding:
Basic			43,525	43,166	42,878
Dilutive effect of common stock equivalents			905	422	101
Diluted			44,430	43,588	42,979
Basic earnings per share			$ 2.10	$ 0.47	$ 0.55
Diluted earnings per share			$ 2.06	$ 0.46	$ 0.55
Restricted stock units considered anti-dilutive and excluded in the calculation			15	4	56

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation	$ 3,302	$ 2,104	$ 2,829
Unrecognized compensation costs	$ 7,275	$ 3,966
Nonvested Performance-Based Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units	412	226
Nonvested stock issued, weighted average grant date fair value per share	$ 5.95	$ 3.53
Nonvested Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of nonvested stock units	431	638
Nonvested stock issued, weighted average grant date fair value per share	$ 6.38	$ 4.13
Employees \| 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	$ 3.53
Nonvested stock awards vested over grant date	3 years	3 years
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
Vesting percentage	8.33%	8.33%
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	431	638
Nonvested stock issued, weighted average grant date fair value per share	$ 6.38	$ 4.13
2019 Plan \| Employee Stock Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for awards	2,371
Number of awards outstanding	1,404
Selling, General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation	$ 3,302	$ 2,104	$ 2,829

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - $ / shares shares in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020
Nonvested Performance-Based Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares	250	34
Grants, Shares	412	226
Forfeitures, Shares	(38)	(3)
Vested, Shares		(7)
Ending balance, Shares	624	250
Beginning balance, Weighted average grant-date fair value	$ 3.66	$ 6.07
Grants, Weighted average grant-date fair value	5.95	3.53
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	$ 5.13	$ 3.66
Nonvested Stock Unit Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, Shares	744	441
Grants, Shares	431	638
Forfeitures, Shares	(65)	(66)
Vested, Shares	(331)	(269)
Ending balance, Shares	779	744
Beginning balance, Weighted average grant-date fair value	$ 4.32	$ 4.92
Grants, Weighted average grant-date fair value	6.38	4.13
Forfeitures, Weighted average grant-date fair value	4.73	5.08
Vested, Weighted average grant-date fair value	4.86	4.67
Ending balance, Weighted average grant-date fair value	$ 5.19	$ 4.32

Employee Stock Purchase Plan (D

Employee Stock Purchase Plan (Details) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2015	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 3,302	$ 2,104	$ 2,829
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares granted under ESPP	800
Percentage of market value per share fixed as purchase price	85.00%
Stock-based compensation expense		$ 212	$ 133	$ 143

Income Taxes - Provision for In

Income Taxes - Provision for Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Current:
Federal	$ 24,023	$ 4,004	$ 4,630
State	6,991	540	1,719
Total current	31,014	4,544	6,349
Deferred:
Federal	(390)	1,246	598
State	(544)	(536)	116
Total deferred	(934)	710	714
Total income tax provision	$ 30,080	$ 5,254	$ 7,063

Income Taxes - Schedule of Fede

Income Taxes - Schedule of Federal Statutory Tax Rate (Details)	12 Months Ended
	Jan. 30, 2021	Dec. 31, 2020	Feb. 01, 2020	Dec. 31, 2019	Feb. 02, 2019	Dec. 31, 2018	Feb. 03, 2018	Dec. 31, 2017
Reconciliation of the federal statutory income tax rate to the effective income tax rate
Federal statutory rate	21.00%	21.00%	21.00%	21.00%	21.00%	21.00%	21.00%	35.00%
State tax, net of federal benefit	4.10%		1.50%		4.10%
Permanent items	(0.30%)		1.10%		2.50%
Tax credits	(0.40%)		(2.80%)
Other	0.40%		(0.20%)		(0.40%)
Tax reform adjustment					(4.30%)
Effective income tax rate	24.80%		20.60%		22.90%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 30, 2021	Feb. 01, 2020
Deferred tax assets:
Accrued liabilities	$ 2,746	$ 558
Operating lease liability	66,341	63,187
Gift card liability	862	289
Goodwill	752	835
Intangible asset	1,075	1,224
Inventories	1,052	1,452
Sales return reserve	363	208
Capital loss carryforward		39
Stock-based compensation	768	403
Loyalty program	3,045	2,415
Total gross deferred tax assets	77,004	70,610
Deferred tax liabilities:
Depreciation	(17,533)	(15,020)
ROU asset	(59,044)	(55,272)
Prepaid expenses	(861)	(836)
Gift card escheatment		(44)
Total gross deferred tax liabilities	(77,438)	(71,172)
Net deferred tax liability	$ (434)	$ (562)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	Mar. 27, 2020	Jan. 30, 2021	Dec. 31, 2020	Feb. 01, 2020	Dec. 31, 2019	Feb. 02, 2019	Dec. 31, 2018	Feb. 03, 2018	Dec. 31, 2017
Income Taxes
U.S. Federal statutory rate		21.00%	21.00%	21.00%	21.00%	21.00%	21.00%	21.00%	35.00%
Deferred Payroll Taxes	$ 6,000
Deferred Tax Asset, Payroll Taxes Deferred COVID 19	1,500
Increase (decrease) in deferred tax liability due to depreciation	$ 2,400
Discrete net benefit related to change in deferred state tax for depreciation								$ 2,153
Current year income tax provision due to tax credits in prior years								2,600
Offsetting taxable income								$ 447
Unrecognized tax benefits		$ 0
Accrued interest and penalties		$ 0		$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Thousands	Jul. 02, 2019USD ($)defendant	Jun. 23, 2020USD ($)
Commitments And Contingencies [Line Items]
Number of defendants in Parson's v. Colt's Manufacturing Company legal case \| defendant	16
Number of company subsidiaries named as defendant in Parsons v. Colt's Manufacturing Company legal case \| defendant	1
Loss contingency, estimate of possible loss \| $	$ 0
Lease Agreement [Member]
Commitments And Contingencies [Line Items]
Loss contingency, estimate of possible loss \| $		$ 0

Retirement Plan (Details)

Retirement Plan (Details) - USD ($) $ in Thousands	12 Months Ended
Retirement Plan (Details) - USD ($) $ in Thousands	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Retirement Plan
Company contribution under plan	$ 1,532	$ 835	$ 572

Merger with Great Outdoors Gr_2

Merger with Great Outdoors Group (Details) - $ / shares	Jan. 30, 2021	Dec. 21, 2020	Feb. 01, 2020
Common stock, par value	$ 0.01		$ 0.01
Subsidiaries of Great Outdoors Group [Member]
Common stock, par value		$ 0.01
Converted Shares, Merger, Share Price		$ 18