Five Below (FIVE) 10-Q 3 Sep 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 01, 2020	Sep. 02, 2020
Cover [Abstract]
Document Type	10-Q
Entity Registrant Name	Five Below, Inc.
Document Period End Date	Aug. 1, 2020
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-35600
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	75-3000378
Entity Address, Address Line One	701 Market Street
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Title of 12(b) Security	Common stock
Trading Symbol	FIVE
Security Exchange Name	NASDAQ
Entity Central Index Key	0001177609
Current Fiscal Year End Date	--01-30
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Entity Address, Postal Zip Code	19106
City Area Code	215
Local Phone Number	546-7909
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		55,841,598

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Current assets:
Cash and cash equivalents	$ 160,338	$ 202,490	$ 178,800
Short-term investment securities	41,670	59,229	90,325
Inventories	294,057	324,028	272,689
Prepaid income taxes and tax receivable	15,496	4,063	10,853
Prepaid expenses and other current assets	58,965	75,903	52,436
Total current assets	570,526	665,713	605,103
Property and equipment, net of accumulated depreciation and amortization of $244,453, $215,071, and $187,070, respectively	505,299	439,086	337,193
Operating lease assets	911,631	842,988	709,325
Deferred income taxes	0	0	2,924
Long-term Investments	0	0	1,043
Other assets	12,791	10,874	3,830
Total assets	2,000,247	1,958,661	1,659,418
Current liabilities:
Line of credit	0	0	0
Accounts payable	121,372	130,242	108,667
Income taxes payable	775	9,505	593
Accrued salaries and wages	18,992	19,873	14,218
Other accrued expenses	90,117	81,255	83,876
Operating lease liabilities	134,937	110,470	98,507
Total current liabilities	366,193	351,345	305,861
Other long-term liabilities	1,540	1,199	0
Long-term operating lease liabilities	908,554	837,623	701,621
Deferred income taxes	5	8,716	0
Total liabilities	1,276,292	1,198,883	1,007,482
Commitments and contingencies (note 6)
Shareholders’ equity:
Common stock, $0.01 par value. Authorized 120,000,000 shares; issued and outstanding 55,837,096, 55,712,067, and 55,851,643 shares, respectively.	559	557	558
Additional paid-in capital	307,506	322,330	335,050
Retained earnings	415,890	436,891	316,328
Total shareholders’ equity	723,955	759,778	651,936
Total liabilities and shareholders' equity (deficit)	$ 2,000,247	$ 1,958,661	$ 1,659,418

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Statement of Financial Position [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 244,453	$ 215,071	$ 187,070
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000	120,000,000
Common stock, shares issued (in shares)	55,837,096	55,712,067	55,851,643
Common stock, shares outstanding (in shares)	55,837,096	55,712,067	55,851,643

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Income Statement [Abstract]
Net sales	$ 426,110	$ 417,400	$ 627,009	$ 782,162
Cost of goods sold	286,271	271,229	466,709	516,006
Gross profit	139,839	146,171	160,300	266,156
Selling, general and administrative expenses	106,697	110,142	199,354	205,658
Operating income (loss)	33,142	36,029	(39,054)	60,498
Interest (expense) income and other (expense) income, net	(500)	1,512	(357)	3,199
Income (loss) before income taxes	32,642	37,541	(39,411)	63,697
Income tax expense (benefit)	3,061	8,710	(18,410)	9,204
Net income (loss)	$ 29,581	$ 28,831	$ (21,001)	$ 54,493
Basic (loss) income per common share (dollars per share)	$ 0.53	$ 0.52	$ (0.38)	$ 0.97
Diluted (loss) income per common share (dollars per share)	$ 0.53	$ 0.51	$ (0.38)	$ 0.97
Weighted average shares outstanding:
Basic shares	55,786,823	55,950,733	55,844,418	55,930,313
Diluted shares	55,966,840	56,294,109	55,844,418	56,286,632

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Unrestricted stock [Member]
Balance, common stock, shares at Feb. 02, 2019		55,759,048
Balance at Feb. 02, 2019	$ 615,094	$ 557	$ 352,702	$ 261,835
Share-based compensation benefit (in shares)		0
Share-based compensation benefit	2,822		2,822	0
Issuance of unrestricted stock awards (in shares)					307
Issuance of unrestricted stock awards	45		45
Exercise of options to purchase common stock (in shares)		72,365
Exercise of options to purchase common stock	$ 2,247	$ 1	2,246	0
Vesting of restricted and performance-based stock units (in shares)		203,429
Vesting of restricted stock units and performance-based restricted stock units	2,000	2,000
Common Shares Withheld for Taxes		79,256
Common Shares Withheld	$ (9,873)	$ (1)	(9,872)
Net income (loss)	25,662			25,662
Balance, common stock, shares at May. 04, 2019		55,955,893
Balance at May. 04, 2019	635,999	$ 559	347,943	287,497
Balance, common stock, shares at Feb. 02, 2019		55,759,048
Balance at Feb. 02, 2019	615,094	$ 557	352,702	261,835
Net income (loss)	$ 54,493
Balance, common stock, shares at Aug. 03, 2019	55,851,643	55,851,643
Balance at Aug. 03, 2019	$ 651,936	$ 558	335,050	316,328
Balance, common stock, shares at Feb. 02, 2019		55,759,048
Balance at Feb. 02, 2019	$ 615,094	$ 557	352,702	261,835
Repurchase and retirement of common stock (in shares)	(337,552)
Repurchase and retirement of common stock	$ (36,900)
Balance, common stock, shares at Feb. 01, 2020	55,712,067	55,712,067
Balance at Feb. 01, 2020	$ 759,778	$ 557	322,330	436,891
Balance, common stock, shares at May. 04, 2019		55,955,893
Balance at May. 04, 2019	635,999	$ 559	347,943	287,497
Share-based compensation benefit (in shares)		0
Share-based compensation benefit	3,055		3,055
Issuance of unrestricted stock awards (in shares)					411
Issuance of unrestricted stock awards	45		45
Exercise of options to purchase common stock (in shares)		24,688
Exercise of options to purchase common stock	$ 685		685
Vesting of restricted and performance-based stock units (in shares)		17,099
Vesting of restricted stock units and performance-based restricted stock units	0
Common Shares Withheld for Taxes		2,110
Common Shares Withheld	$ (275)		(275)
Stock Issued During Period, Value, Employee Stock Purchase Plan	195		195
Stock Issued During Period, Shares, Employee Stock Purchase Plans		1,847
Repurchase and retirement of common stock (in shares)		(146,185)
Repurchase and retirement of common stock	(16,599)	$ (1)	(16,598)
Net income (loss)	$ 28,831			28,831
Balance, common stock, shares at Aug. 03, 2019	55,851,643	55,851,643
Balance at Aug. 03, 2019	$ 651,936	$ 558	335,050	316,328
Balance, common stock, shares at Feb. 01, 2020	55,712,067	55,712,067
Balance at Feb. 01, 2020	$ 759,778	$ 557	322,330	436,891
Share-based compensation benefit (in shares)		0
Share-based compensation benefit	(3,536)		(3,536)
Exercise of options to purchase common stock (in shares)		2,136
Exercise of options to purchase common stock	$ 65		65
Vesting of restricted and performance-based stock units (in shares)		204,769
Vesting of restricted stock units and performance-based restricted stock units	2,000	2,000
Common Shares Withheld for Taxes		46,532
Common Shares Withheld	$ (3,299)		(3,299)
Repurchase and retirement of common stock (in shares)	(137,023)	(137,023)
Repurchase and retirement of common stock	$ (12,663)	$ (1)	(12,662)
Net income (loss)	(50,582)			(50,582)
Balance, common stock, shares at May. 02, 2020		55,735,417
Balance at May. 02, 2020	$ 689,765	$ 558	302,898	386,309
Balance, common stock, shares at Feb. 01, 2020	55,712,067	55,712,067
Balance at Feb. 01, 2020	$ 759,778	$ 557	322,330	436,891
Exercise of options to purchase common stock (in shares)	85,950
Net income (loss)	$ (21,001)
Balance, common stock, shares at Aug. 01, 2020	55,837,096	55,837,096
Balance at Aug. 01, 2020	$ 723,955	$ 559	307,506	415,890
Balance, common stock, shares at May. 02, 2020		55,735,417
Balance at May. 02, 2020	689,765	$ 558	302,898	386,309
Share-based compensation benefit (in shares)		0
Share-based compensation benefit	2,416		2,416
Issuance of unrestricted stock awards (in shares)		584
Issuance of unrestricted stock awards	64		64
Exercise of options to purchase common stock (in shares)		83,814
Exercise of options to purchase common stock	$ 2,197	$ 1	2,196
Vesting of restricted and performance-based stock units (in shares)		18,030
Vesting of restricted stock units and performance-based restricted stock units	0
Common Shares Withheld for Taxes		2,885
Common Shares Withheld	$ (297)		(297)
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ 229		229
Stock Issued During Period, Shares, Employee Stock Purchase Plans		2,136
Repurchase and retirement of common stock (in shares)	0
Net income (loss)	$ 29,581			29,581
Balance, common stock, shares at Aug. 01, 2020	55,837,096	55,837,096
Balance at Aug. 01, 2020	$ 723,955	$ 559	$ 307,506	$ 415,890

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
Operating activities:
Net income (loss)	$ (21,001)	$ 54,493
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	33,200	25,459
Share-based compensation (benefit) expense	(1,033)	5,986
Deferred income tax (benefit) expense	(8,711)	3,202
Other non-cash expenses (income)	1,278	(58)
Changes in operating assets and liabilities:
Inventories	29,971	(29,053)
Prepaid income taxes and tax receivable	(11,433)	(9,516)
Prepaid expenses and other assets	21,631	6,442
Accounts payable	(13,965)	6,502
Income taxes payable	(8,730)	(20,033)
Accrued salaries and wages	(881)	(10,368)
Operating leases	26,755	(1,579)
Other accrued expenses	14,381	15,567
Net cash provided by operating activities	61,462	47,044
Investing activities:
Purchases of investment securities and other investments	(48,344)	(95,753)
Sales, maturities, and redemptions of investment securities	60,903	89,797
Capital expenditures	(100,652)	(100,139)
Net cash used in investing activities	(88,093)	(106,095)
Financing activities:
Borrowing on note payable under Amended Revolving Credit Facility	50,000	0
Repayment of note payable under Amended Revolving Credit Facility	(50,000)	0
Cash paid for credit facility financing costs	(1,755)	0
Proceeds from Issuance of Common Stock	229	195
Common shares withheld for taxes	(12,663)	(6,878)
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units	2,264	2,934
Common shares withheld for taxes	(3,596)	(10,148)
Net cash used in financing activities	(15,521)	(13,897)
Net decrease in cash and cash equivalents	(42,152)	(72,948)
Cash and cash equivalents at beginning of period	202,490	251,748
Cash and cash equivalents at end of period	160,338	178,800
Supplemental disclosures of cash flow information:
Decrease in accrued purchases of property and equipment	$ 106	$ (38,842)

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Aug. 01, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting PoliciesDescription of Business Five Below, Inc. (collectively referred to herein with its wholly owned subsidiary as the "Company") is a specialty value retailer offering merchandise targeted at the tween and teen demographic. The Company offers an edited assortment of products, with most priced at $5 and below. The Company’s edited assortment of products includes select brands and licensed merchandise. The Company believes its merchandise is readily available, and that there are a number of potential vendors that could be utilized, if necessary, under approximately the same terms the Company is currently receiving; thus, it is not dependent on a single vendor or a group of vendors. The Company is incorporated in the Commonwealth of Pennsylvania and, as of August 1, 2020, operated in 38 states that include Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Massachusetts, New Hampshire, West Virginia, North Carolina, New York, Connecticut, Rhode Island, Ohio, Illinois, Indiana, Michigan, Missouri, Georgia, Texas, Tennessee, Maine, Alabama, Kentucky, Kansas, Florida, South Carolina, Mississippi, Louisiana, Wisconsin, Oklahoma, Minnesota, California, Arkansas, Iowa, Nebraska, Arizona, Nevada and Colorado. As of August 1, 2020 and August 3, 2019, the Company operated 982 stores and 833 stores, respectively, each operating under the name “Five Below,” and sells merchandise on the internet, through the Company's fivebelow.com e-commerce website. (b) Impact of COVID-19 As a result of the coronavirus (or COVID-19) pandemic, federal, state and local governments and private entities mandated various restrictions, including travel restrictions, restrictions on public gatherings, stay at home orders and advisories, and quarantining of people who may have been exposed to the virus. Such mandates required reduction of operating hours and forced temporary closures of certain retailers and other businesses. It is impossible to predict the effect and ultimate impact of the pandemic and measures taken to control the spread, as the situation continues to evolve. As a result of these restrictions and out of concern for its customers and employees, the Company temporarily closed all of its stores as of March 20, 2020. The Company began reopening its stores at the end of April in compliance with federal, state and local requirements. As a result of the temporary store closures, the Company withheld store rent for the closure period. With respect to the substantial majority of the Company's lease portfolio, the Company has either resumed rent payments or has agreed to rent deferrals and abatements related to this closure period with landlords. As a result, the Company does not expect that its prior rent withholdings or the associated deferrals and abatements agreed upon with landlords will have a material adverse impact on the Company's business, financial condition and results of future operations. As of the end of June, the Company had reopened substantially all of its stores to the general public. Additionally, the Company launched a new service, offering curbside pick-up in the event any store is not otherwise permitted to reopen to the public. While the ultimate health and economic impact of the COVID-19 pandemic are highly uncertain, the Company expects that its business operations and results of operations, including net sales, earnings and cash flows, may be materially impacted for the foreseeable future, as a result of: • temporary closures of Company stores; • decreased customer traffic in stores, including, without limitation, as the result of limitations on the number of persons permitted in stores at one time by certain local and state regulations; • uncertainty of the extent to which customers will maintain purchases through our e-commerce website and through curbside pickup (where stores remain closed to the public); • changes in consumer confidence and consumer spending habits, including spending for the merchandise that the Company sells, and negative trends in consumer purchasing patterns due to changes in consumers’ disposable income, credit availability and debt levels; • disruption to the Company’s supply chain including the manufacturing, supply, distribution, transportation and delivery of products; • increased safety measures for the Company's employees and customers at the Company's stores, distribution centers and home office; and • a slowdown in the U.S. and global economies, and an uncertain global economic outlook or a potential credit crisis. To seek to mitigate the effects of the pandemic and to create financial flexibility, the Company has taken the following actions: • a majority of its store and distribution center employees were furloughed in March and the Company covered the cost of health benefits for such furloughed employees through the end of May; • the Company implemented a voluntary temporary base salary reduction of 50% for Joel Anderson, its Chief Executive Officer, and a 25% base salary reduction for the remainder of the executive leadership team that reports into Mr. Anderson. This compensation has been reinstated now that substantially all of the Company's stores have reopened; • its Board of Directors elected to forgo its quarterly cash retainers for the first quarter of 2020; • the Company implemented a temporary pay reduction for all salaried corporate associates and certain field and supply chain leadership (that has been reinstated now that substantially all of our stores have reopened) and delayed annual salary increases for corporate associates; • as permitted by the Coronavirus Aid, Relief, and Economic Security ("CARES") Act, the Company has applied for payroll tax credits with the IRS, and elected to defer the payment of the employer's portion of FICA taxes; • the Company implemented significant non-payroll expense reductions, including advertising, occupancy and other store operating expenses, distribution and corporate office operating expenses, as well as professional and consulting fees; • the Company temporarily ceased paying rent on all closed store locations; • the Company cancelled certain vendor orders and delayed receipts on others in order to manage inventory levels, and extended payment terms for product and non-product vendors; • the Company significantly reduced its 2020 capital expenditure budget, including reducing the number of new stores to be opened in 2020 and delaying the purchase and construction of a new Midwest distribution center; (c) Fiscal Year (d) Basis of Presentation The consolidated balance sheets as of August 1, 2020 and August 3, 2019, the consolidated statements of operations for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019, the consolidated statements of shareholders’ equity for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019 and the consolidated statements of cash flows for the twenty-six weeks ended August 1, 2020 and August 3, 2019 have been prepared by the Company in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim reporting and are unaudited. In the opinion of management, the aforementioned financial statements include all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions that impact the financial statements) necessary to present fairly the financial position at the balance sheet dates and the results of operations and cash flows for the periods ended August 1, 2020 and August 3, 2019. The balance sheet as of February 1, 2020, presented herein, has been derived from the audited balance sheet included in the Company's Annual Report on Form 10-K for fiscal 2019 as filed with the Securities and Exchange Commission on March 19, 2020 and referred to herein as the “Annual Report,” but does not include all annual disclosures required by U.S. GAAP. These consolidated financial statements should be read in conjunction with the financial statements for the fiscal year ended February 1, 2020 and footnotes thereto included in the Annual Report. The consolidated results of operations for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019 are not necessarily indicative of the consolidated operating results for the year ending January 30, 2021 or any other period. The Company's business is seasonal and as a result, the Company's net sales fluctuate from quarter to quarter. Net sales are usually highest in the fourth fiscal quarter due to the year-end holiday season. (e) Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, “Leases.” ASU 2016-02 requires lessees to record assets and liabilities on the balance sheet for all leases with terms longer than 12 months. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. On February 3, 2019, the Company adopted this pronouncement on a modified retrospective basis and applied the new standard to all leases. As a result, comparative financial information has not been restated and continues to be reported under the accounting standards in effect for those periods. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which includes, among other things, the ability to carry forward the existing lease classification. The Company also elected the practical expedient related to land easements, allowing the Company to carry forward its accounting treatment for land easements on existing agreements. At adoption, the new standard had a material impact on the Company's balance sheets resulting in an increase in net assets and liabilities of approximately $618 million, as the Company has a significant number of leases for its stores. Although the standard impacts the treatment of certain initial direct leases costs that were previously capitalizable, it did not materially impact the Company's consolidated statements of operations and had no impact on the Company's cash flows. See Note 3 ‘‘Leases’’ for additional information. In August 2018, the FASB issued ASU 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract." ASU 2018-15 requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancelable term of the cloud computing arrangements plus any optional renewal periods (1) that are reasonably certain to be exercised by the customer or (2) for which exercise of the renewal option is controlled by the cloud service provider. The effective date of this pronouncement is for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. The standard can be adopted either using the prospective or retrospective transition approach. During the thirteen weeks ended November 3, 2018, the Company adopted the pronouncement using the prospective transition method and it did not have a significant impact to the Company's financial statements. In April 2019, the FASB issued ASU 2019-04, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses," which addresses certain fair value disclosure requirements, the measurement basis under the measurement alternative and which equity securities have to be remeasured at historical exchange rates. In May 2019, the FASB issued ASU 2019-05, "Financial Instruments - Credit Losses (Topic 326), Targeted Transition Relief," which gives entities the ability to irrevocably elect the fair value option in Subtopic 825-10 for certain existing financial assets upon transition to ASU 2016-13. The effective date of the standards will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 and early adoption is permitted for annual periods beginning after December 15, 2018. The new standard will be applied using a modified retrospective approach through a cumulative-effect adjustment to retained earnings as of the effective date to align the Company's credit loss methodology with the new standard. The Company adopted the standard on February 2, 2020. The adoption did not impact the Company's financial statements. (f) Use of Estimates The preparation of the consolidated financial statements requires management of the Company to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, valuation allowances for inventories, income taxes, share-based compensation expense and the incremental borrowing rate utilized in operating lease liabilities. (g) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation at the measurement date: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Inputs, other than Level 1, that are either directly or indirectly observable. Level 3: Unobservable inputs developed using the Company’s estimates and assumptions which reflect those that market participants would use. The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement. The Company’s financial instruments consist primarily of cash equivalents, short-term investment securities, accounts payable, and borrowings, if any, under a line of credit. The Company believes that: (1) the carrying value of cash equivalents and accounts payable are representative of their respective fair value due to the short-term nature of these instruments; and (2) the carrying value of the borrowings, if any, under the line of credit approximates fair value because the line of credit’s interest rates vary with market interest rates. Under the fair value hierarchy, the fair market values of the short-term investments in corporate bonds are level 1 while the short-term investments in municipal bonds are level 2. The fair market values of level 2 instruments are determined by management with the assistance of a third-party pricing service. Since quoted prices in active markets for identical assets are not available, these prices are determined by the third-party pricing service using observable market information such as quotes from less active markets and quoted prices of similar securities. As of August 1, 2020, February 1, 2020, and August 3, 2019, the Company had cash equivalents of $144.1 million, $200.1 million and $167.9 million, respectively. The Company’s cash equivalents consist of credit and debit card receivables, money market funds, and corporate bonds with original maturities of 90 days or less. Fair value for cash equivalents was determined based on level 1 inputs. As of August 1, 2020, February 1, 2020, and August 3, 2019, the Company's investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity. Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands): As of August 1, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 41,670 $ 65 $ — $ 41,735 Total $ 41,670 $ 65 $ — $ 41,735 As of February 1, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 58,625 $ — $ 4 $ 58,621 Municipal bonds 604 — — 604 Total $ 59,229 $ — $ 4 $ 59,225 As of August 3, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 89,018 $ 7 $ — $ 89,025 Municipal bonds 1,307 1 — 1,308 Total $ 90,325 $ 8 $ — $ 90,333 Long-term: Corporate bonds $ 1,043 $ — $ — $ 1,043 Total $ 1,043 $ — $ — $ 1,043 (h) Prepaid Expenses and Other Current Assets (i) Other Accrued Expenses Other accrued expenses include accrued capital expenditures of $23.7 million, $28.9 million, and $16.8 million as of August 1, 2020, February 1, 2020, and August 3, 2019, respectively.

Revenue Contracts With Customer

Revenue Contracts With Customers	6 Months Ended
	Aug. 01, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	Revenue from Contracts with Customers Revenue Transactions Revenue from store operations is recognized at the point of sale when control of the product is transferred to the customer at such time. Internet sales, through the Company's fivebelow.com e-commerce website, are recognized when the consumer receives the product as control transfers upon delivery. Returns subsequent to the period end are immaterial; accordingly, no significant reserve has been recorded. Gift card sales to customers are initially recorded as liabilities and recognized as sales upon redemption for merchandise or as breakage revenue in proportion to the pattern of redemption of the gift cards by the customer in net sales. The transaction price for the Company’s sales is based on the item’s stated price. To the extent that the Company charges customers for shipping and handling on e-commerce sales, the Company records such amounts in net sales. Shipping and handling costs, which include fulfillment and shipping costs related to the Company's e-commerce operations, are included in costs of goods sold. The Company has chosen the pronouncement's policy election which allows it to exclude all sales taxes from net sales in the accompanying consolidated statements of operations. Disaggregation of Revenue The following table provides information about disaggregated revenue by groups of products: leisure, fashion and home, and party and snack (in thousands): Thirteen Weeks Ended Thirteen Weeks Ended August 1, 2020 August 3, 2019 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 206,362 48.4 % $ 220,703 52.9 % Fashion and home 156,665 36.8 % 122,105 29.3 % Party and snack 63,083 14.8 % 74,592 17.8 % Total $ 426,110 100.0 % $ 417,400 100.0 % Twenty-Six Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 302,712 48.3 % $ 399,023 51.0 % Fashion and home 223,843 35.7 % 231,953 29.7 % Party and snack 100,454 16.0 % 151,186 19.3 % Total $ 627,009 100.0 % $ 782,162 100.0 %

Leases

Leases	6 Months Ended
	Aug. 01, 2020
Leases [Abstract]
Leases	Leases The Company determines if an arrangement contains a lease at the inception of a contract. Operating lease assets represent the Company’s right to use an underlying asset for the lease term and operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease assets and operating lease liabilities are recognized at the commencement date based on the present value of the remaining future minimum lease payments. As the rate implicit in the lease is not readily determinable for the Company's leases, the Company utilizes its incremental borrowing rate to determine the present value of future lease payments. The incremental borrowing rate represents a significant judgment and is determined based on an analysis of the Company's synthetic credit rating, prevailing financial market conditions, corporate bond yields, treasury bond yields, and the effect of collateralization. The operating lease assets also include lease payments made before commencement and exclude lease incentives. The Company’s real estate leases typically contain options that permit renewals for additional periods of up to five years. For real estate leases, except for renewals that generally take the lease to a ten-year term, the options to renew are not considered reasonably certain at lease commencement because the Company reevaluates each lease on a regular basis to consider the economic and strategic benefits of exercising the renewal options, and regularly opens, relocates or closes stores to align with its operating strategy. Therefore, generally, except for renewals that take the lease to a ten-year term, the renewal option periods are not included within the lease term and the associated payments are not included in the measurement of the operating lease asset and operating lease liability as the exercise of such options is not reasonably certain. The Company’s operating lease agreements, including assumed renewals, which are generally those that take the lease to a ten-year term, expire through fiscal 2034. Similarly, renewal options are not included in the lease term for non-real estate leases because they are not considered reasonably certain of being exercised at lease commencement. Leases with an initial term of 12 months or less are not recorded on the balance sheets and lease expense is recognized on a straight-line basis over the term of the short-term lease. For certain real estate leases, the Company accounts for lease components and nonlease components as a single lease component. Certain real estate leases require additional payments for reimbursement of real estate taxes, common area maintenance and insurance as well as payments based on sales volume, all of which are expensed as incurred as variable lease costs. Other real estate leases contain one fixed lease payment that includes real estate taxes, common area maintenance and insurance. These fixed payments are considered part of the lease payment and included in the operating lease assets and operating lease liabilities. In response to the COVID-19 pandemic, certain of the Company's landlords have agreed to temporary rent concessions. These rent concessions generally relate to abatements and deferrals of certain rent payments for April, May, June and July until future periods. Additional negotiations of payment terms are still in process. In accordance with the Financial Accounting Standards Board's recent staff guidance regarding rent concessions related to the effects of the COVID-19 pandemic, the Company has elected to account for the concessions agreed to by landlords that do not result in a substantial increase in the obligations of the lessee as if the enforceable rights and obligations for those concessions existed in the original lease agreements and the Company has elected to not remeasure the related lease liabilities and right-of-use assets. For qualifying rent abatement concessions, the Company has recorded negative variable lease expense for the amount of the concession during the period of relief, and for qualifying deferrals of rental payments, the Company has recognized a non-interest bearing payable in lieu of recognizing a decrease in cash for the lease payment that would have been made based on the original terms of the lease agreement, which will be reduced when the deferred payment is made in the future. During the thirteen weeks ended August 1, 2020, the Company committed to 25 new store leases with average terms of approximately 10 years that have future minimum lease payments of approximately $53.1 million. All of the Company's leases are classified as operating leases and the associated assets and liabilities are presented as separate captions in the consolidated balance sheets. As of August 1, 2020 and August 3, 2019, the weighted average remaining lease term for the Company's operating leases was 8.0 years and 7.6 years, respectively, and the weighted average discount rate was 6.6% and 7.4%, respectively. The following table is a summary of the Company's components for net lease costs (in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended Lease Cost August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Operating lease cost $ 42,273 $ 35,319 $ 82,621 $ 69,031 Variable lease cost 10,619 9,922 21,962 19,212 Net lease cost* $ 52,892 $ 45,241 $ 104,583 $ 88,243 * Excludes short-term lease cost, which is immaterial. The following table summarizes the maturity of lease liabilities under operating leases as of August 1, 2020 (in thousands): Maturity of Lease Liabilities Operating Leases 2020 $ 105,576 2021 180,002 2022 173,153 2023 165,692 2024 154,702 After 2024 551,316 Total lease payments 1,330,441 Less: imputed interest 286,950 Present value of lease liabilities $ 1,043,491 The following table summarizes the supplemental cash flow disclosures related to leases (in thousands): Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (1) $ 57,311 $ 61,984 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 118,189 $ 119,853 (1) Included within operating activities in the Company's Consolidated Statements of Cash Flows.

Income Per Common Share

Income Per Common Share	6 Months Ended
	Aug. 01, 2020
Earnings Per Share [Abstract]
Income Per Common Share	Income (Loss) Per Common Share Basic income (loss) per common share amounts are calculated using the weighted average number of common shares outstanding for the period. Diluted income (loss) per common share amounts are calculated using the weighted average number of common shares outstanding for the period and include the dilutive impact of exercised stock options as well as assumed vesting of restricted stock awards and shares currently available for purchase under the Company's Employee Stock Purchase Plan, using the treasury stock method. Performance-based restricted stock units are considered contingently issuable shares for diluted income per common share purposes and the dilutive impact, if any, is not included in the weighted average shares until the performance conditions are met. The following table reconciles net income (loss) and the weighted average common shares outstanding used in the computations of basic and diluted income (loss) per common share (in thousands, except for share and per share data): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Numerator: Net income (loss) $ 29,581 $ 28,831 $ (21,001) $ 54,493 Denominator: Weighted average common shares outstanding - basic 55,786,823 55,950,733 55,844,418 55,930,313 Dilutive impact of options, restricted stock units and employee stock purchase plan 180,017 343,376 — 356,319 Weighted average common shares outstanding - diluted 55,966,840 56,294,109 55,844,418 56,286,632 Per common share: Basic income (loss) per common share $ 0.53 $ 0.52 $ (0.38) $ 0.97 Diluted income (loss) per common share $ 0.53 $ 0.51 $ (0.38) $ 0.97 The effects of the assumed vesting of restricted stock units for 7,837 shares of common stock for the thirteen weeks ended August 1, 2020 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. For twenty-six weeks ended August 1, 2020, all common stock equivalents related to outstanding stock options and unvested restricted units were excluded from the calculation of diluted net loss per share, as their impact would have been anti-dilutive due to the Company's net loss for the period.

Line of Credit

Line of Credit	6 Months Ended
	Aug. 01, 2020
Debt Disclosure [Abstract]
Line of Credit	Line of Credit On March 20, 2020, the Company exercised its right under the Fourth Amended and Restated Loan and Security Agreement, executed on May 10, 2017 (the "Prior Credit Agreement') to increase the aggregate commitments under the Revolving Credit Facility from $20 million to $50 million. On April 24, 2020, the Company entered into a Fifth Amended and Restated Credit Agreement (the “Fifth Restated Credit Agreement”), among the Company, 1616 Holdings, Inc., a wholly-owned subsidiary of the Company ("1616 Holdings"), and Wells Fargo Bank, National Association as administrative agent (the “Agent”), and other lenders. The Fifth Restated Credit Agreement amends and restates the Prior Credit Agreement which governed the Revolving Credit Facility. The Fifth Restated Credit Agreement includes a secured asset-based revolving line of credit in the amount of up to $225.0 million (the “Amended Revolving Credit Facility”). Pursuant to the Fifth Restated Credit Agreement, advances under the Amended Revolving Credit Facility are tied to a borrowing base consisting of eligible credit card receivables and inventory, as reduced by certain reserves in effect from time to time. The Amended Revolving Credit Facility expires on the earliest to occur of (i) April 24, 2023 or (ii) an event of default. The Amended Revolving Credit Facility may be increased by up to $150.0 million, subject to certain conditions, including obtaining commitments from one or more lenders. The entire amount of the Amended Revolving Credit Facility is available for the issuance of letters of credit and allows for swingline loans. The Fifth Restated Credit Agreement provides that the interest rate payable on borrowings shall be, at the Company’s option, a per annum rate equal to (a) a base rate plus an applicable margin ranging from 1.00% to 1.25% or (b) a LIBOR rate plus a margin ranging from 2.00% to 2.25%. Letter of credit fees will range from 2.00% to 2.25%. The interest rate and letter of credit fees under the Fifth Restated Credit Agreement are subject to an increase of 2.00% per annum upon an event of default. The Fifth Restated Credit Agreement contains customary covenants that limit, absent lender approval, the ability of Company and certain of its affiliates to, among other things, pay cash dividends, incur debt, create liens and encumbrances, redeem or repurchase stock, enter into certain acquisition transactions or transactions with affiliates, merge, dissolve, repay certain indebtedness, change the nature of Company’s business, enter sale or leaseback transactions, make investments or dispose of assets. In some cases, these restrictions are subject to certain negotiated exceptions or permit Company to undertake otherwise restricted activities if it satisfies certain required conditions. In addition, the Company will be required to maintain availability of not less than (i) 15% of the lesser of (x) aggregate commitments under the Amended Revolving Credit Facility and (y) the borrowing base (the "loan cap") prior to a stepdown date (as described below) and (ii) 10% of the loan cap after the stepdown date. The stepdown date is the first date occurring after both (i) the date that 75% of the number of stores as of the closing date of the Amended Revolving Credit Facility have reopened ("store opening date") and (ii) the date occurring at least six months after the store reopening date on which the fixed charge coverage ratio is at least 1.00 to 1.00. If there exists an event of default or availability under the Amended Revolving Credit Facility is less than 15% of the loan cap, amounts in any of the loan parties’ or subsidiary guarantors' designated deposit accounts will be transferred daily into a blocked account held by the Agent and applied to reduce outstanding amounts under the Amended Revolving Credit Facility (the “Cash Dominion Event”), so long as (i) such event of default has not been waived and/or (ii) until availability has exceeded 15% of the loan cap for sixty (60) consecutive calendar days (provided that such ability to discontinue the Cash Dominion Event shall be limited to two times during the term of the Agreement). The Fifth Restated Credit Agreement also contains a provision stating that the Company cannot borrow in excess of $50 million under the Amended Revolving Credit Facility at any time the amount of the consolidated cash and cash equivalents of the loan parties (excluding certain long-term investments and certain other items) exceeds $50 million. The Fifth Restated Credit Agreement contains customary events of default including, among other things, failure to pay obligations when due, initiation of bankruptcy or insolvency proceedings, defaults on certain other indebtedness, change of control, incurrence of certain material judgments that are not stayed, satisfied, bonded or discharged within 30 days, certain ERISA events, invalidity of the credit documents, and violation of affirmative and negative covenants or breach of representations and warranties set forth in the Fifth Restated Credit Agreement. Amounts under the Amended Revolving Credit Facility's may become due upon events of default (subject to any applicable grace or cure periods). Under the Fifth Restated Credit Agreement, all obligations under the Amended Revolving Credit Facility continue to be guaranteed by 1616 Holdings, Inc. and are secured by substantially all of the assets of the Company and 1616 Holdings, Inc. During the thirteen weeks ended May 2, 2020, the Company borrowed and repaid approximately $50 million from its Amended Revolving Credit Facility. As of August 1, 2020, the Company had no borrowings under the Amended Revolving Credit Facility and had approximately $148.0 million available on the Amended Revolving Credit Agreement.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 01, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Other Contractual Commitments As of August 1, 2020, the Company has other purchase commitments of approximately $5.1 million consisting of purchase agreements for materials that will be used in the construction of new stores. During the thirteen weeks ended November 2, 2019, the Company acquired land in Conroe, Texas, to build an approximately 860,000 square foot distribution center to support the Company's anticipated growth. The total amount paid for the land and building was approximately $56 million. The Company began operating the distribution center in July 2020. Contingencies Legal Matters

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Aug. 01, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Equity Incentive Plan Pursuant to the Company's 2002 Equity Incentive Plan (the “Plan”), the Company’s board of directors may grant stock options, restricted shares, and restricted stock units to officers, directors, key employees and professional service providers. The Plan, as amended, allows for the issuance of up to a total of 7.6 million shares under the Plan. As of August 1, 2020, approximately 2.8 million stock options, restricted shares, or restricted stock units were available for grant. Common Stock Options All stock options have a term not greater than ten years. Stock options vest and become exercisable in whole or in part, in accordance with vesting conditions set by the Company’s board of directors. Options granted to date generally vest over four years from the date of grant. Stock option activity during the twenty-six weeks ended August 1, 2020 was as follows: Options Weighted Weighted Balance as of February 1, 2020 231,525 $ 30.92 4.1 Forfeited (1,179) 36.95 Exercised (85,950) 26.31 Balance as of August 1, 2020 144,396 33.61 4.5 Exercisable as of August 1, 2020 144,396 $ 33.61 4.5 Restricted Stock Units and Performance-Based Restricted Stock Units All restricted stock units ("RSU") and performance-based restricted stock units ("PSU") vest in accordance with vesting conditions set by the compensation committee of the Company’s board of directors. RSUs granted to date have vesting periods ranging from less than one year to five years from the date of grant. PSUs granted to date have vesting periods ranging from one year to five years from the date of grant, including grants that have a cumulative three year performance period, subject to satisfaction of the applicable performance goals established for the respective grant. The Company periodically assesses the probability of achievement of the performance criteria and adjusts the amount of compensation expense accordingly. Compensation is recognized over the vesting period and adjusted for the probability of achievement of the performance criteria. RSU and PSU activity during the twenty-six weeks ended August 1, 2020 was as follows: Restricted Stock Units Performance-Based Restricted Stock Units Number Weighted-Average Grant Date Fair Value Number Weighted-Average Grant Date Fair Value Non-vested balance as of February 1, 2020 250,352 $ 79.37 357,166 $ 66.96 Granted 118,292 94.50 110,837 94.88 Vested (95,179) 65.30 (127,622) 39.89 Forfeited (18,581) 85.60 (22,152) 74.08 Non-vested balance as of August 1, 2020 254,884 $ 91.19 318,229 $ 87.04 In connection with the vesting of RSUs and PSUs during the twenty-six weeks ended August 1, 2020, the Company withheld 49,417 shares with an aggregate value of $3.6 million in satisfaction of minimum tax withholding obligations due upon vesting. In connection with the vesting of RSUs and PSUs during the twenty-six weeks ended August 3, 2019, the Company withheld 81,366 shares with an aggregate value of $10.1 million in satisfaction of minimum tax withholding obligations due upon vesting. As of August 1, 2020, there was $18.9 million of total unrecognized compensation costs related to non-vested share-based compensation arrangements (including stock options, RSUs and PSUs) granted under the Plan. The cost is expected to be recognized over a weighted average vesting period of 2.9 years.

Income Taxes

Income Taxes	6 Months Ended
	Aug. 01, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was enacted and signed into law. The CARES Act includes a number of income tax changes, including, but not limited to, (i) permitting taxpayers a five-year carryback period for net operating losses ("NOLs") arising in tax years beginning after December 31, 2017 and before January 1, 2021. (ii) temporarily suspending the 80% of taxable income limitation on the use of NOLs for tax years beginning before January 1, 2021, thereby permitting corporate taxpayers to use NOLs to fully offset taxable income in these years regardless of the year in which the net operating loss arose, (iii) accelerating AMT tax credit carryover refunds, (iv) temporarily increasing the allowable business interest deduction from 30% to 50% of adjusted taxable income, and (v) providing a technical correction for depreciation as relates to the definition of qualified improvement property. As a result of the CARES Act, the Company recorded an income tax receivable for the thirteen and twenty-six weeks ended August 1, 2020. The following table summarizes the Company’s income tax expense (benefit) and effective tax rates for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019 (dollars in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Income (loss) before income taxes $ 32,642 $ 37,541 $ (39,411) $ 63,697 Income tax expense (benefit) $ 3,061 $ 8,710 $ (18,410) $ 9,204 Effective tax rate 9.4 % 23.2 % 46.7 % 14.4 % The effective tax rates for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019 were based on the Company’s forecasted annualized effective tax rates and were adjusted for discrete items that occurred within the periods presented. The effective tax rate for the thirteen weeks ended August 1, 2020 was lower than the thirteen weeks ended August 3, 2019 primarily due to discrete items, which includes the impact of the CARES Act and the impact of ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," with respect to the requirement to recognize excess income tax benefits or deficiencies as income tax benefit or expense in the consolidated statements of operations. The effective tax rate for the twenty-six weeks ended August 1, 2020 was higher than the twenty-six weeks ended August 3, 2019 primarily due to discrete items, which includes the impact of ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," and the impact of the CARES Act. The Company had no material accrual for uncertain tax positions or interest and/or penalties related to income taxes on the Company’s balance sheets as of August 1, 2020, February 1, 2020, or August 3, 2019 and has not recognized any material uncertain tax positions or interest and/or penalties related to income taxes in the consolidated statements of operations for the thirteen and twenty-six weeks ended August 1, 2020 or August 3, 2019.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 01, 2020
Accounting Policies [Abstract]
Nature of Business	Description of Business Five Below, Inc. (collectively referred to herein with its wholly owned subsidiary as the "Company") is a specialty value retailer offering merchandise targeted at the tween and teen demographic. The Company offers an edited assortment of products, with most priced at $5 and below. The Company’s edited assortment of products includes select brands and licensed merchandise. The Company believes its merchandise is readily available, and that there are a number of potential vendors that could be utilized, if necessary, under approximately the same terms the Company is currently receiving; thus, it is not dependent on a single vendor or a group of vendors. The Company is incorporated in the Commonwealth of Pennsylvania and, as of August 1, 2020, operated in 38 states that include Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Massachusetts, New Hampshire, West Virginia, North Carolina, New York, Connecticut, Rhode Island, Ohio, Illinois, Indiana, Michigan, Missouri, Georgia, Texas, Tennessee, Maine, Alabama, Kentucky, Kansas, Florida, South Carolina, Mississippi, Louisiana, Wisconsin, Oklahoma, Minnesota, California, Arkansas, Iowa, Nebraska, Arizona, Nevada and Colorado. As of August 1, 2020 and August 3, 2019, the Company operated 982 stores and 833 stores, respectively, each operating under the name “Five Below,” and sells merchandise on the internet, through the Company's fivebelow.com e-commerce website.
Fiscal Year	(c) Fiscal Year
Basis of Presentation	(d) Basis of Presentation The consolidated balance sheets as of August 1, 2020 and August 3, 2019, the consolidated statements of operations for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019, the consolidated statements of shareholders’ equity for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019 and the consolidated statements of cash flows for the twenty-six weeks ended August 1, 2020 and August 3, 2019 have been prepared by the Company in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim reporting and are unaudited. In the opinion of management, the aforementioned financial statements include all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions that impact the financial statements) necessary to present fairly the financial position at the balance sheet dates and the results of operations and cash flows for the periods ended August 1, 2020 and August 3, 2019. The balance sheet as of February 1, 2020, presented herein, has been derived from the audited balance sheet included in the Company's Annual Report on Form 10-K for fiscal 2019 as filed with the Securities and Exchange Commission on March 19, 2020 and referred to herein as the “Annual Report,” but does not include all annual disclosures required by U.S. GAAP. These consolidated financial statements should be read in conjunction with the financial statements for the fiscal year ended February 1, 2020 and footnotes thereto included in the Annual Report. The consolidated results of operations for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019 are not necessarily indicative of the consolidated operating results for the year ending January 30, 2021 or any other period. The Company's business is seasonal and as a result, the Company's net sales fluctuate from quarter to quarter. Net sales are usually highest in the fourth fiscal quarter due to the year-end holiday season.
Recently Issued Accounting Pronouncements	(e) Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, “Leases.” ASU 2016-02 requires lessees to record assets and liabilities on the balance sheet for all leases with terms longer than 12 months. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. On February 3, 2019, the Company adopted this pronouncement on a modified retrospective basis and applied the new standard to all leases. As a result, comparative financial information has not been restated and continues to be reported under the accounting standards in effect for those periods. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which includes, among other things, the ability to carry forward the existing lease classification. The Company also elected the practical expedient related to land easements, allowing the Company to carry forward its accounting treatment for land easements on existing agreements. At adoption, the new standard had a material impact on the Company's balance sheets resulting in an increase in net assets and liabilities of approximately $618 million, as the Company has a significant number of leases for its stores. Although the standard impacts the treatment of certain initial direct leases costs that were previously capitalizable, it did not materially impact the Company's consolidated statements of operations and had no impact on the Company's cash flows. See Note 3 ‘‘Leases’’ for additional information. In August 2018, the FASB issued ASU 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract." ASU 2018-15 requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancelable term of the cloud computing arrangements plus any optional renewal periods (1) that are reasonably certain to be exercised by the customer or (2) for which exercise of the renewal option is controlled by the cloud service provider. The effective date of this pronouncement is for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. The standard can be adopted either using the prospective or retrospective transition approach. During the thirteen weeks ended November 3, 2018, the Company adopted the pronouncement using the prospective transition method and it did not have a significant impact to the Company's financial statements. In April 2019, the FASB issued ASU 2019-04, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses," which addresses certain fair value disclosure requirements, the measurement basis under the measurement alternative and which equity securities have to be remeasured at historical exchange rates. In May 2019, the FASB issued ASU 2019-05, "Financial Instruments - Credit Losses (Topic 326), Targeted Transition Relief," which gives entities the ability to irrevocably elect the fair value option in Subtopic 825-10 for certain existing financial assets upon transition to ASU 2016-13. The effective date of the standards will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 and early adoption is permitted for annual periods beginning after December 15, 2018. The new standard will be applied using a modified retrospective approach through a cumulative-effect adjustment to retained earnings as of the effective date to align the Company's credit loss methodology with the new standard. The Company adopted the standard on February 2, 2020. The adoption did not impact the Company's financial statements.
Use of Estimates	(f) Use of Estimates The preparation of the consolidated financial statements requires management of the Company to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, valuation allowances for inventories, income taxes, share-based compensation expense and the incremental borrowing rate utilized in operating lease liabilities.
Fair Value of Financial Instruments	(g) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation at the measurement date: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Inputs, other than Level 1, that are either directly or indirectly observable. Level 3: Unobservable inputs developed using the Company’s estimates and assumptions which reflect those that market participants would use. The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement. The Company’s financial instruments consist primarily of cash equivalents, short-term investment securities, accounts payable, and borrowings, if any, under a line of credit. The Company believes that: (1) the carrying value of cash equivalents and accounts payable are representative of their respective fair value due to the short-term nature of these instruments; and (2) the carrying value of the borrowings, if any, under the line of credit approximates fair value because the line of credit’s interest rates vary with market interest rates. Under the fair value hierarchy, the fair market values of the short-term investments in corporate bonds are level 1 while the short-term investments in municipal bonds are level 2. The fair market values of level 2 instruments are determined by management with the assistance of a third-party pricing service. Since quoted prices in active markets for identical assets are not available, these prices are determined by the third-party pricing service using observable market information such as quotes from less active markets and quoted prices of similar securities. As of August 1, 2020, February 1, 2020, and August 3, 2019, the Company had cash equivalents of $144.1 million, $200.1 million and $167.9 million, respectively. The Company’s cash equivalents consist of credit and debit card receivables, money market funds, and corporate bonds with original maturities of 90 days or less. Fair value for cash equivalents was determined based on level 1 inputs. As of August 1, 2020, February 1, 2020, and August 3, 2019, the Company's investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity. Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands): As of August 1, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 41,670 $ 65 $ — $ 41,735 Total $ 41,670 $ 65 $ — $ 41,735 As of February 1, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 58,625 $ — $ 4 $ 58,621 Municipal bonds 604 — — 604 Total $ 59,229 $ — $ 4 $ 59,225 As of August 3, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 89,018 $ 7 $ — $ 89,025 Municipal bonds 1,307 1 — 1,308 Total $ 90,325 $ 8 $ — $ 90,333 Long-term: Corporate bonds $ 1,043 $ — $ — $ 1,043 Total $ 1,043 $ — $ — $ 1,043
Prepaid Expenses and Other Current Assets	(h) Prepaid Expenses and Other Current Assets
Other Accrued Expenses	(i) Other Accrued Expenses Other accrued expenses include accrued capital expenditures of $23.7 million, $28.9 million, and $16.8 million as of August 1, 2020, February 1, 2020, and August 3, 2019, respectively.

Revenue Contracts With Custom_2

Revenue Contracts With Customers (Policies)	6 Months Ended
	Aug. 01, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue from Contracts with Customers Revenue Transactions Revenue from store operations is recognized at the point of sale when control of the product is transferred to the customer at such time. Internet sales, through the Company's fivebelow.com e-commerce website, are recognized when the consumer receives the product as control transfers upon delivery. Returns subsequent to the period end are immaterial; accordingly, no significant reserve has been recorded. Gift card sales to customers are initially recorded as liabilities and recognized as sales upon redemption for merchandise or as breakage revenue in proportion to the pattern of redemption of the gift cards by the customer in net sales. The transaction price for the Company’s sales is based on the item’s stated price. To the extent that the Company charges customers for shipping and handling on e-commerce sales, the Company records such amounts in net sales. Shipping and handling costs, which include fulfillment and shipping costs related to the Company's e-commerce operations, are included in costs of goods sold. The Company has chosen the pronouncement's policy election which allows it to exclude all sales taxes from net sales in the accompanying consolidated statements of operations. Disaggregation of Revenue The following table provides information about disaggregated revenue by groups of products: leisure, fashion and home, and party and snack (in thousands): Thirteen Weeks Ended Thirteen Weeks Ended August 1, 2020 August 3, 2019 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 206,362 48.4 % $ 220,703 52.9 % Fashion and home 156,665 36.8 % 122,105 29.3 % Party and snack 63,083 14.8 % 74,592 17.8 % Total $ 426,110 100.0 % $ 417,400 100.0 % Twenty-Six Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 302,712 48.3 % $ 399,023 51.0 % Fashion and home 223,843 35.7 % 231,953 29.7 % Party and snack 100,454 16.0 % 151,186 19.3 % Total $ 627,009 100.0 % $ 782,162 100.0 %

Revenue Contracts With Custom_3

Revenue Contracts With Customers (Tables)	6 Months Ended
	Aug. 01, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Disaggregation of Revenue The following table provides information about disaggregated revenue by groups of products: leisure, fashion and home, and party and snack (in thousands): Thirteen Weeks Ended Thirteen Weeks Ended August 1, 2020 August 3, 2019 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 206,362 48.4 % $ 220,703 52.9 % Fashion and home 156,665 36.8 % 122,105 29.3 % Party and snack 63,083 14.8 % 74,592 17.8 % Total $ 426,110 100.0 % $ 417,400 100.0 % Twenty-Six Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 302,712 48.3 % $ 399,023 51.0 % Fashion and home 223,843 35.7 % 231,953 29.7 % Party and snack 100,454 16.0 % 151,186 19.3 % Total $ 627,009 100.0 % $ 782,162 100.0 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Aug. 01, 2020
Leases [Abstract]
Components of net lease cost	The following table is a summary of the Company's components for net lease costs (in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended Lease Cost August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Operating lease cost $ 42,273 $ 35,319 $ 82,621 $ 69,031 Variable lease cost 10,619 9,922 21,962 19,212 Net lease cost* $ 52,892 $ 45,241 $ 104,583 $ 88,243 The following table summarizes the supplemental cash flow disclosures related to leases (in thousands): Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (1) $ 57,311 $ 61,984 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 118,189 $ 119,853 (1) Included within operating activities in the Company's Consolidated Statements of Cash Flows.
Maturity of lease liabilities under operating leases	The following table summarizes the maturity of lease liabilities under operating leases as of August 1, 2020 (in thousands): Maturity of Lease Liabilities Operating Leases 2020 $ 105,576 2021 180,002 2022 173,153 2023 165,692 2024 154,702 After 2024 551,316 Total lease payments 1,330,441 Less: imputed interest 286,950 Present value of lease liabilities $ 1,043,491

Income Per Common Share (Tables

Income Per Common Share (Tables)	6 Months Ended
	Aug. 01, 2020
Earnings Per Share [Abstract]
Computations Of Basic And Diluted Income (Loss) Per Share	The following table reconciles net income (loss) and the weighted average common shares outstanding used in the computations of basic and diluted income (loss) per common share (in thousands, except for share and per share data): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Numerator: Net income (loss) $ 29,581 $ 28,831 $ (21,001) $ 54,493 Denominator: Weighted average common shares outstanding - basic 55,786,823 55,950,733 55,844,418 55,930,313 Dilutive impact of options, restricted stock units and employee stock purchase plan 180,017 343,376 — 356,319 Weighted average common shares outstanding - diluted 55,966,840 56,294,109 55,844,418 56,286,632 Per common share: Basic income (loss) per common share $ 0.53 $ 0.52 $ (0.38) $ 0.97 Diluted income (loss) per common share $ 0.53 $ 0.51 $ (0.38) $ 0.97 The effects of the assumed vesting of restricted stock units for 7,837 shares of common stock for the thirteen weeks ended August 1, 2020 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. For twenty-six weeks ended August 1, 2020, all common stock equivalents related to outstanding stock options and unvested restricted units were excluded from the calculation of diluted net loss per share, as their impact would have been anti-dilutive due to the Company's net loss for the period.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Aug. 01, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Stock option activity during the twenty-six weeks ended August 1, 2020 was as follows: Options Weighted Weighted Balance as of February 1, 2020 231,525 $ 30.92 4.1 Forfeited (1,179) 36.95 Exercised (85,950) 26.31 Balance as of August 1, 2020 144,396 33.61 4.5 Exercisable as of August 1, 2020 144,396 $ 33.61 4.5
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	RSU and PSU activity during the twenty-six weeks ended August 1, 2020 was as follows: Restricted Stock Units Performance-Based Restricted Stock Units Number Weighted-Average Grant Date Fair Value Number Weighted-Average Grant Date Fair Value Non-vested balance as of February 1, 2020 250,352 $ 79.37 357,166 $ 66.96 Granted 118,292 94.50 110,837 94.88 Vested (95,179) 65.30 (127,622) 39.89 Forfeited (18,581) 85.60 (22,152) 74.08 Non-vested balance as of August 1, 2020 254,884 $ 91.19 318,229 $ 87.04

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Aug. 01, 2020
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The following table summarizes the Company’s income tax expense (benefit) and effective tax rates for the thirteen and twenty-six weeks ended August 1, 2020 and August 3, 2019 (dollars in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Income (loss) before income taxes $ 32,642 $ 37,541 $ (39,411) $ 63,697 Income tax expense (benefit) $ 3,061 $ 8,710 $ (18,410) $ 9,204 Effective tax rate 9.4 % 23.2 % 46.7 % 14.4 %

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Nature of Business) (Details)	Aug. 01, 2020USD ($)Storesstate	Aug. 03, 2019Stores
Accounting Policies [Abstract]
Products offering price, maximum price | $	$ 5
Number of states in which entity operates (state) | state	38
Number of stores (store) | Stores	982	833

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Impact of COVID-19) (Details) - USD ($)	6 Months Ended
	Aug. 01, 2020	Apr. 24, 2020	Apr. 23, 2020
Renewed Credit Facility
Unusual or Infrequent Item, or Both [Line Items]
Revolving credit facility maximum borrowings		$ 225,000,000	$ 50,000,000
Chief Executive Officer
Unusual or Infrequent Item, or Both [Line Items]
Base salary reduction, percent	50.00%
Executive Leadership Team That Reports To Chief Executive Officer
Unusual or Infrequent Item, or Both [Line Items]
Base salary reduction, percent	25.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (New Accounting Pronouncements) (Details) - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019	Feb. 03, 2019
Significant Accounting Policies [Line Items]
Assets	$ 2,000,247	$ 1,958,661	$ 1,659,418
Liabilities	$ 1,276,292	$ 1,198,883	$ 1,007,482
Accounting Standards Update 2016-02
Significant Accounting Policies [Line Items]
Assets				$ 618,000
Liabilities				$ 618,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Significant Accounting Policies [Line Items]
Amortized Cost	$ 41,670	$ 59,229	$ 90,325
Gross Unrealized Gains	65	0	8
Gross Unrealized Losses	0	4	0
Fair Market Value	41,735	59,225	90,333
Fair Value, Inputs, Level 1
Significant Accounting Policies [Line Items]
Cash equivalents	144,100	200,100	167,900
Corporate bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost	41,670	58,625	89,018
Gross Unrealized Gains	65	0	7
Gross Unrealized Losses	0	4	0
Fair Market Value	$ 41,735	58,621	89,025
Municipal bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost		604	1,307
Gross Unrealized Gains		0	1
Gross Unrealized Losses		0	0
Fair Market Value		$ 604	1,308
Corporate bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost			1,043
Gross Unrealized Gains			0
Gross Unrealized Losses			0
Fair Market Value			1,043
Other Long-term Investments
Significant Accounting Policies [Line Items]
Amortized Cost			1,043
Gross Unrealized Gains			0
Gross Unrealized Losses			0
Fair Market Value			$ 1,043

Summary of Significant Accoun_7

Summary of Significant Accounting Policies Prepaid expenses and OCA (Details) - USD ($) $ in Millions	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expense	$ 18.8	$ 17.2	$ 19.6
Other current assets	$ 40.2	$ 58.7	$ 32.8

Summary of Significant Accoun_8

Summary of Significant Accounting Policies Other Accrued Expenses (Details) - USD ($) $ in Millions	Aug. 01, 2020	Feb. 01, 2020	Aug. 03, 2019
Payables and Accruals [Abstract]
Other accrued expenses	$ 23.7	$ 28.9	$ 16.8

Revenue Contracts With Custom_4

Revenue Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Net sales	$ 426,110	$ 417,400	$ 627,009	$ 782,162
Net sales as a percentage of net sales	100.00%	100.00%	100.00%	100.00%
Leisure
Net sales	$ 206,362	$ 220,703	$ 302,712	$ 399,023
Net sales as a percentage of net sales	48.40%	52.90%	48.30%	51.00%
Fashion and home
Net sales	$ 156,665	$ 122,105	$ 223,843	$ 231,953
Net sales as a percentage of net sales	36.80%	29.30%	35.70%	29.70%
Total
Net sales	$ 63,083	$ 74,592	$ 100,454	$ 151,186
Net sales as a percentage of net sales	14.80%	17.80%	16.00%	19.30%

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 01, 2020USD ($)	Aug. 01, 2020lease	Aug. 03, 2019
Lessee, Lease, Description [Line Items]
Number of leases (lease) | lease		25
Long-term purchase commitment, amount | $	$ 53.1
Operating lease, weighted average remaining lease term (years)	8 years	8 years	7 years 7 months 6 days
Operating lease, weighted average discount rate, percent	6.60%	6.60%	7.40%
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term (years)	5 years	5 years
Lessee, operating lease, term of contracts (years)	10 years	10 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term (years)	10 years	10 years

Leases - Components of Net Leas

Leases - Components of Net Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Leases [Abstract]
Operating lease cost	$ 42,273	$ 35,319	$ 82,621	$ 69,031
Variable lease cost	10,619	9,922	21,962	19,212
Net lease cost*	$ 52,892	$ 45,241	$ 104,583	$ 88,243

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities Under Operating Leases (Details) $ in Thousands	Aug. 01, 2020USD ($)
Leases [Abstract]
2019	$ 105,576
2020	180,002
2021	173,153
2022	165,692
2023	154,702
After 2024	551,316
Total lease payments	1,330,441
Less: imputed interest	286,950
Present value of lease liabilities	$ 1,043,491

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash payments arising from operating lease liabilities	$ 57,311	$ 61,984
Supplemental non-cash information:
Operating lease liabilities arising from obtaining right-of-use assets	$ 118,189	$ 119,853

Income Per Common Share (Comput

Income Per Common Share (Computations Of Basic And Diluted Income (Loss) Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019	Aug. 01, 2020	Aug. 03, 2019
Numerator:
Net income (loss)	$ 29,581	$ (50,582)	$ 28,831	$ 25,662	$ (21,001)	$ 54,493
Denominator:
Weighted-average common shares outstanding - basic (shares)	55,786,823		55,950,733		55,844,418	55,930,313
Dilutive impact of options and warrants (shares)	180,017		343,376		0	356,319
Weighted average common share outstanding - diluted (shares)	55,966,840		56,294,109		55,844,418	56,286,632
Per common share:
Basic income (loss) per common share (dollars per share)	$ 0.53		$ 0.52		$ (0.38)	$ 0.97
Diluted income (loss) per common share (dollars per share)	$ 0.53		$ 0.51		$ (0.38)	$ 0.97

Income Per Common Share (Narrat

Income Per Common Share (Narrative) (Details)	3 Months Ended
	Aug. 01, 2020shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock not included in the computations of diluted earnings per share	7,837

Line of Credit (Line of Credit)

Line of Credit (Line of Credit) (Details) - Line of Credit	Apr. 24, 2020USD ($)	May 02, 2020USD ($)	Aug. 01, 2020USD ($)	Mar. 20, 2020USD ($)	Mar. 19, 2020USD ($)
Debt Instrument [Line Items]
Repayments of lines of credit		$ 50,000,000
Prior Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility aggregate commitments				$ 50,000,000	$ 20,000,000
Amended Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility maximum borrowings	$ 225,000,000
Line of credit facility, accordion feature, increase limit	$ 150,000,000
Debt instrument, interest rate, increase (decrease)	2.00%
Minimum availability of aggregate commitments and loan cap required, percent	15.00%
Minimum availability of loan cap after stepdown date required, percent	10.00%
Percent of stores reopened, stepdown date	75.00%
Fixed charge coverage ratio	1
Period required for availability of loan cap requirement	60 days
Maximum allowed to be borrowed based on available cash balance	$ 50,000,000
Cash limit to restrict borrowing	$ 50,000,000
Line of credit facility, current borrowing capacity			$ 0
Line of credit facility, remaining borrowing capacity			$ 148,000,000
Amended Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage	2.00%
Amended Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage	2.25%
Base Rate | Amended Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.00%
Base Rate | Amended Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.25%
LIBOR | Amended Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	2.00%
LIBOR | Amended Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	2.25%

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) ft² in Thousands, $ in Millions	6 Months Ended
	Aug. 01, 2020USD ($)ft²
Purchase commitment, remaining minimum amount committed	$ 5.1
Distribution center in Conroe Texas
Area of real estate property (in sqft) | ft²	860
Payments to acquire buildings	$ 56
Distribution center in Buckeye, Arizona
Area of real estate property (in sqft) | ft²	860
Payments to acquire buildings	$ 9
Expected payments to purchase land and construct building	$ 65

Share-Based Compensation (2002

Share-Based Compensation (2002 Equity Incentive Plan) (Details) - 2002 Equity Incentive Plan - shares	Aug. 01, 2020	Jul. 24, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (shares)		7,600,000
Stock options and restricted shares available for grant (shares)	2,800,000

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Stock Option Activity Under Plan) (Details)	3 Months Ended	6 Months Ended
	May 02, 2020$ / sharesshares	Aug. 01, 2020$ / sharesshares
Share-based Payment Arrangement [Abstract]
Stock option maximum term (years)		10 years
Stock option vesting period (years)		4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, Balance (shares) | shares	231,525	231,525
Options outstanding, Forfeited (shares) | shares		(1,179)
Options outstanding, Exercised (shares) | shares		(85,950)
Options outstanding, Balance (shares) | shares		144,396
Options outstanding, Exercisable (shares) | shares		144,396,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted average exercise price, Balance (dollars per share) | $ / shares	$ 30,920	$ 30,920
Weighted average exercise price, Exercised (dollars per share) | $ / shares		26,310
Weighted average exercise price, Forfeited (dollars per share) | $ / shares		36,950
Weighted average exercise price, Balance (dollars per share) | $ / shares		33,610
Weighted average exercise price, Exercisable (dollars per share) | $ / shares		$ 33,610
Weighted Average Remaining Contractual Term (in years)	4 years 1 month 6 days	4 years 6 months
Weighted Average Remaining Contractual Term, Exercisable		4 years 6 months

Share-Based Compensation (Share

Share-Based Compensation (Share-Based Compensation Valuation of Stock Options) (Details)	6 Months Ended
	Aug. 01, 2020shares
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock options granted	0

Share-Based Compensation (Restr

Share-Based Compensation (Restricted Stock Units and Performance-Based Restricted Stock Units) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended	26 Months Ended
	May 02, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019	Feb. 01, 2020	May 02, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period			(1,179)
Repurchase and retirement of common stock	$ 12,663	$ 16,599			$ 36,900	$ 50,000
Unrecognized compensation costs related to non-vested share-based compensation			$ 18,900
Compensation cost not yet recognized, period for recognition (years)			2 years 10 months 24 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number			254,884		250,352
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price			$ 91.19		$ 79.37
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			118,292
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 94.50
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			(95,179)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value			$ 65.30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period			(18,581)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value			$ 85.60
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)			1 year
Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)			5 years
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period (in years)			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number			318,229		357,166
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price			$ 87.04		$ 66.96
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			110,837
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 94.88
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			(127,622)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value			$ 39.89
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period			(22,152)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value			$ 74.08
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)			1 year
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)			5 years
Treasury Stoc | Restricted Stock Units And Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares			49,417	81,366
Additional paid-in capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase and retirement of common stock	$ 12,662	$ 16,598
Additional paid-in capital | Restricted Stock Units And Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase and retirement of common stock			$ 3,600	$ 10,100

Share-Based Compensation (Sha_2

Share-Based Compensation (Share Repurchase Program) (Details) - USD ($)	3 Months Ended			12 Months Ended	26 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	Feb. 01, 2020	May 02, 2020	Aug. 04, 2018
Share-based Payment Arrangement [Abstract]
Authorized amount						$ 100,000,000
Repurchase and retirement of common stock (in shares)	0	137,023		337,552	500,000
Repurchase and retirement of common stock		$ 12,663,000	$ 16,599,000	$ 36,900,000	$ 50,000,000
Average price (dollars per share)		$ 92.42		$ 109.27	$ 92.42

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019	Aug. 04, 2018
Income Tax [Line Items]
Income before income taxes	$ 32,642,000	$ 37,541,000	$ (39,411,000)	$ 63,697,000
Income tax expense (benefit)	$ 3,061,000	$ 8,710,000	$ (18,410,000)	$ 9,204,000
Effective tax rate	9.40%	23.20%	46.70%	14.40%
Accrual for uncertain tax, interest or penalties	$ 0	$ 0	$ 0	$ 0	$ 0
Minimum
Income Tax [Line Items]
State income taxes, statute of limitations period (years)			3 years
Maximum
Income Tax [Line Items]
State income taxes, statute of limitations period (years)			4 years