Five Below (FIVE) 10-Q 2 Dec 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 30, 2021	Dec. 01, 2021
Cover [Abstract]
Document Type	10-Q
Entity Registrant Name	Five Below, Inc.
Document Period End Date	Oct. 30, 2021
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	2021
Document Fiscal Period Focus	Q3
Title of 12(b) Security	Common stock
Trading Symbol	FIVE
Security Exchange Name	NASDAQ
Entity Central Index Key	0001177609
Current Fiscal Year End Date	--01-29
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		56,025,386

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Current assets:
Cash and cash equivalents	$ 86,753,000	$ 268,783,000	$ 117,045,000
Short-term investment securities	224,563,000	140,928,000	96,749,000
Inventories	521,107,000	281,267,000	430,200,000
Prepaid income taxes and tax receivable	24,013,000	6,350,000	18,090,000
Prepaid expenses and other current assets	77,480,000	58,085,000	50,194,000
Total current assets	933,916,000	755,413,000	712,278,000
Property and equipment, net of accumulated depreciation and amortization of $340,637, $278,019, and $260,888, respectively.	728,319,000	565,351,000	522,214,000
Operating lease assets	1,151,632,000	975,862,000	928,739,000
Other assets	9,585,000	18,144,000	12,265,000
Total assets	2,823,452,000	2,314,770,000	2,175,496,000
Current liabilities:
Line of credit	0	0	0
Accounts payable	253,817,000	138,622,000	237,647,000
Income taxes payable	811,000	2,025,000	1,031,000
Accrued salaries and wages	28,697,000	43,445,000	22,164,000
Other accrued expenses	167,468,000	108,504,000	99,489,000
Operating lease liabilities	162,809,000	143,074,000	136,513,000
Total current liabilities	613,602,000	435,670,000	496,844,000
Other long-term liabilities	1,536,000	1,048,000	1,918,000
Long-term operating lease liabilities	1,137,658,000	967,255,000	922,784,000
Deferred income taxes	37,407,000	28,911,000	4,408,000
Total liabilities	1,790,203,000	1,432,884,000	1,425,954,000
Commitments and contingencies (note 6)
Shareholders’ equity:
Common stock, $0.01 par value. Authorized 120,000,000 shares; issued and outstanding 56,025,753, 55,935,237, and 55,866,590 shares, respectively.	560,000	559,000	559,000
Additional paid-in capital	333,823,000	321,075,000	312,668,000
Retained earnings	698,866,000	560,252,000	436,315,000
Total shareholders’ equity	1,033,249,000	881,886,000	749,542,000
Total liabilities and shareholders' equity (deficit)	$ 2,823,452,000	$ 2,314,770,000	$ 2,175,496,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 340,637	$ 278,019	$ 260,888
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)	56,025,753	55,935,237	55,866,590
Common stock, shares outstanding (in shares)	56,025,753	55,935,237	55,866,590

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Income Statement [Abstract]
Net sales	$ 607,645	$ 476,614	$ 1,852,022	$ 1,103,623
Cost of goods sold	405,283	325,514	1,218,472	792,223
Gross profit	202,362	151,100	633,550	311,400
Selling, general and administrative expenses	159,913	126,851	441,246	326,205
Operating income (loss)	42,449	24,249	192,304	(14,805)
Interest (expense) income and other (expense) income, net	(10,624)	(660)	(12,672)	(1,017)
Income (loss) before income taxes	31,825	23,589	179,632	(15,822)
Income tax expense (benefit)	7,648	3,164	41,018	(15,246)
Net income (loss)	$ 24,177	$ 20,425	$ 138,614	$ (576)
Basic (loss) income per common share (dollars per share)	$ 0.43	$ 0.37	$ 2.48	$ (0.01)
Diluted (loss) income per common share (dollars per share)	$ 0.43	$ 0.36	$ 2.46	$ (0.01)
Weighted average shares outstanding:
Basic shares	56,023,961	55,851,780	56,001,437	56,004,072
Diluted shares	56,340,635	56,099,328	56,305,456	56,004,072

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($)	Total	Common stock	Additional paid-in capital	Retained earnings
Balance, common stock, shares at Feb. 01, 2020		55,712,067
Balance at Feb. 01, 2020	$ 759,778,000	$ 557,000	$ 322,330,000	$ 436,891,000
Share-based compensation benefit	(3,536,000)		(3,536,000)
Exercise of options to purchase common stock (in shares)		2,136
Exercise of options to purchase common stock	65,000		65,000
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 for taxes	(3,299,000)		(3,299,000)
Repurchase and retirement of common stock (in shares)		(137,023)
Repurchase and retirement of common stock	(12,663,000)	$ (1,000)	(12,662,000)
Net income (loss)	(50,582,000)			(50,582,000)
Balance, common stock, shares at May. 02, 2020		55,735,417
Balance at May. 02, 2020	689,765,000	$ 558,000	302,898,000	386,309,000
Balance, common stock, shares at Feb. 01, 2020		55,712,067
Balance at Feb. 01, 2020	759,778,000	$ 557,000	322,330,000	436,891,000
Net income (loss)	$ (576,000)
Balance, common stock, shares at Oct. 31, 2020	55,866,590	55,866,590
Balance at Oct. 31, 2020	$ 749,542,000	$ 559,000	312,668,000	436,315,000
Balance, common stock, shares at Feb. 01, 2020		55,712,067
Balance at Feb. 01, 2020	$ 759,778,000	$ 557,000	322,330,000	436,891,000
Repurchase and retirement of common stock (in shares)	(137,023)
Repurchase and retirement of common stock	$ (12,700,000)
Balance, common stock, shares at Jan. 30, 2021	55,935,237	55,935,237
Balance at Jan. 30, 2021	$ 881,886,000	$ 559,000	321,075,000	560,252,000
Balance, common stock, shares at May. 02, 2020		55,735,417
Balance at May. 02, 2020	689,765,000	$ 558,000	302,898,000	386,309,000
Share-based compensation benefit	2,416,000		2,416,000
Issuance of unrestricted stock awards (in shares)		584
Issuance of unrestricted stock awards	64,000		64,000
Exercise of options to purchase common stock (in shares)		83,814
Exercise of options to purchase common stock	2,197,000	$ 1,000	2,196,000
Vesting of restricted and performance-based stock units (in shares)		18,030
Common Shares Withheld for Taxes		2,885
Common shares withheld for taxes	(297,000)		(297,000)
Net income (loss)	29,581,000			29,581,000
Balance, common stock, shares at Aug. 01, 2020		55,837,096
Balance at Aug. 01, 2020	723,955,000	$ 559,000	307,506,000	415,890,000
Stock Issued During Period, Value, Employee Stock Purchase Plan	229,000		229,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		2,136
Share-based compensation benefit	4,538,000		4,538,000
Issuance of unrestricted stock awards (in shares)		477
Issuance of unrestricted stock awards	64,000		64,000
Exercise of options to purchase common stock (in shares)		25,864
Exercise of options to purchase common stock	753,000		753,000
Vesting of restricted and performance-based stock units (in shares)		4,657
Common Shares Withheld for Taxes		1,504
Common shares withheld for taxes	(193,000)		(193,000)
Net income (loss)	$ 20,425,000			20,425,000
Balance, common stock, shares at Oct. 31, 2020	55,866,590	55,866,590
Balance at Oct. 31, 2020	$ 749,542,000	$ 559,000	312,668,000	436,315,000
Balance, common stock, shares at Jan. 30, 2021	55,935,237	55,935,237
Balance at Jan. 30, 2021	$ 881,886,000	$ 559,000	321,075,000	560,252,000
Share-based compensation benefit	5,695,000		5,695,000
Issuance of unrestricted stock awards (in shares)		400
Issuance of unrestricted stock awards	81,000		81,000
Exercise of options to purchase common stock (in shares)		200
Exercise of options to purchase common stock	6,000		6,000
Vesting of restricted and performance-based stock units (in shares)		92,914
Vesting of restricted stock units and performance-based restricted stock units	1,000	$ 1,000
Common Shares Withheld for Taxes		34,682
Common shares withheld for taxes	(6,623,000)		(6,623,000)
Net income (loss)	49,596,000			49,596,000
Balance, common stock, shares at May. 01, 2021		55,994,069
Balance at May. 01, 2021	$ 930,642,000	$ 560,000	320,234,000	609,848,000
Balance, common stock, shares at Jan. 30, 2021	55,935,237	55,935,237
Balance at Jan. 30, 2021	$ 881,886,000	$ 559,000	321,075,000	560,252,000
Exercise of options to purchase common stock (in shares)	11,638
Net income (loss)	$ 138,614,000
Balance, common stock, shares at Oct. 30, 2021	56,025,753	56,025,753
Balance at Oct. 30, 2021	$ 1,033,249,000	$ 560,000	333,823,000	698,866,000
Balance, common stock, shares at May. 01, 2021		55,994,069
Balance at May. 01, 2021	930,642,000	$ 560,000	320,234,000	609,848,000
Share-based compensation benefit	6,457,000		6,457,000
Issuance of unrestricted stock awards (in shares)		413
Issuance of unrestricted stock awards	80,000		80,000
Exercise of options to purchase common stock (in shares)		10,246
Exercise of options to purchase common stock	352,000		352,000
Vesting of restricted and performance-based stock units (in shares)		17,339
Common Shares Withheld for Taxes		1,879
Common shares withheld for taxes	(355,000)		(355,000)
Net income (loss)	64,841,000			64,841,000
Balance, common stock, shares at Jul. 31, 2021		56,022,278
Balance at Jul. 31, 2021	1,002,460,000	$ 560,000	327,211,000	674,689,000
Stock Issued During Period, Value, Employee Stock Purchase Plan	443,000		443,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		2,090
Share-based compensation benefit	6,707,000		6,707,000
Issuance of unrestricted stock awards (in shares)		379
Issuance of unrestricted stock awards	75,000		75,000
Exercise of options to purchase common stock (in shares)		1,192
Exercise of options to purchase common stock	8,000		8,000
Vesting of restricted and performance-based stock units (in shares)		2,834
Common Shares Withheld for Taxes		930
Common shares withheld for taxes	$ (178,000)		(178,000)
Repurchase and retirement of common stock (in shares)	0
Net income (loss)	$ 24,177,000			24,177,000
Balance, common stock, shares at Oct. 30, 2021	56,025,753	56,025,753
Balance at Oct. 30, 2021	$ 1,033,249,000	$ 560,000	$ 333,823,000	$ 698,866,000
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ 24,177,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020
Operating activities:
Net income (loss)	$ 138,614	$ (576)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	62,598	50,919
Share-based compensation expense	19,154	3,582
Deferred income tax expense (benefit)	8,496	(4,308)
Other non-cash expenses	530	1,643
Changes in operating assets and liabilities:
Inventories	(239,840)	(106,172)
Prepaid income taxes and tax receivable	(17,663)	(14,027)
Prepaid expenses and other assets	(7,868)	30,784
Accounts payable	115,589	110,970
Income taxes payable	(1,214)	(8,474)
Accrued salaries and wages	(14,748)	2,291
Operating leases	14,368	25,453
Other accrued expenses	46,649	29,221
Net cash provided by operating activities	124,665	121,306
Investing activities:
Purchases of investment securities and other investments	(285,429)	(120,033)
Sales, maturities, and redemptions of investment securities	198,295	77,513
Capital expenditures	(213,215)	(149,270)
Net cash used in investing activities	(300,349)	(191,790)
Financing activities:
Borrowing on note payable under Revolving Credit Facility	0	50,000
Repayment of note payable under Revolving Credit Facility	0	(50,000)
Cash paid for Revolving Credit Facility financing costs	0	(1,755)
Proceeds from Issuance of Common Stock	443	229
Repurchase and retirement of common stock	0	(12,663)
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units	368	3,017
Common shares withheld for taxes	(7,157)	(3,789)
Net cash used in financing activities	(6,346)	(14,961)
Net decrease in cash and cash equivalents	(182,030)	(85,445)
Cash and cash equivalents at beginning of period	268,783	202,490
Cash and cash equivalents at end of period	86,753	117,045
Supplemental disclosures of cash flow information:
Increase (decrease) in accrued purchases of property and equipment	$ (12,350)	$ (13,870)

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 30, 2021
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 October 30, 2021, operated in 40 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, Colorado, Utah and New Mexico. As of October 30, 2021 and October 31, 2020, the Company operated 1,173 stores and 1,018 stores, respectively, each operating under the name “Five Below,” and sells merchandise on the internet, through the Company's fivebelow.com e-commerce website. As a result of the COVID-19 pandemic, the Company's business operations and results of operations, including its net sales, earnings and cash flows, were materially impacted in fiscal 2020 as a result of the temporary closures of its stores in the first half of 2020, and decreased customer traffic in stores, as the result of limitations on the number of persons permitted in stores at one time by certain local and state regulations. The Company's ability to operate improved beginning in the second half of fiscal 2020 and extending into fiscal 2021. However, the ultimate health, economic and regulatory impact of the COVID-19 pandemic remains uncertain, especially in light of the latest surge due to the Delta variant. If the pandemic were to worsen once again, the Company's business operations, including net sales, earnings and cash flows, may be materially impacted. Further, the Company may determine to reinstate any of the mitigation measures implemented in fiscal 2020 that have since been modified or terminated, or take any additional steps that we consider necessary or as required by local, state or federal authorities. 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 are based upon the lowest level of input that is significant to the measurement. The Company’s financial instruments consist primarily of cash equivalents, investment securities, accounts payable, borrowings, if any, under a line of credit, equity method investments and notes receivable. 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 investments in corporate bonds are Level 1 while the 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 October 30, 2021, January 30, 2021, and October 31, 2020, the Company had cash equivalents of $60.8 million, $250.7 million and $104.7 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 October 30, 2021, January 30, 2021, and October 31, 2020, 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 October 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 190,700 $ 6 $ 82 $ 190,624 Municipal bonds 33,863 — 11 33,852 Total $ 224,563 $ 6 $ 93 $ 224,476 As of January 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 95,530 $ — $ 53 $ 95,477 Municipal bonds 45,398 — 7 45,391 Total $ 140,928 $ — $ 60 $ 140,868 As of October 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 78,516 $ — $ 43 $ 78,473 Municipal bonds 18,233 — 7 18,226 Total $ 96,749 $ — $ 50 $ 96,699 Short-term investment securities as of October 30, 2021, January 30, 2021, and October 31, 2020 all mature in one year or less. Prepaid expenses as of October 30, 2021, January 30, 2021, and October 31, 2020 were $26.5 million, $19.0 million, and $17.7 million, respectively. Other current assets as of October 30, 2021, January 30, 2021, and October 31, 2020 were $51.0 million Other accrued expenses include accrued capital expenditures of $42.0 million , $29.2 million, and $18.6 million as of October 30, 2021, January 30, 2021, and October 31, 2020, respectively.

Revenue from Contracts With Cus

Revenue from Contracts With Customers	9 Months Ended
	Oct. 30, 2021
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 customer 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. As permitted by applicable accounting guidance, the Company has elected 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 October 30, 2021 October 31, 2020 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 305,600 50.3 % $ 221,970 46.6 % Fashion and home 192,472 31.7 % 176,867 37.1 % Party and snack 109,573 18.0 % 77,777 16.3 % Total $ 607,645 100.0 % $ 476,614 100.0 % Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 930,890 50.3 % $ 524,719 47.5 % Fashion and home 563,401 30.4 % 400,679 36.3 % Party and snack 357,731 19.3 % 178,225 16.2 % Total $ 1,852,022 100.0 % $ 1,103,623 100.0 %

Leases

Leases	9 Months Ended
	Oct. 30, 2021
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. In response to the COVID-19 pandemic, certain of the Company's landlords agreed to temporary rent concessions. These rent concessions generally related to deferrals and abatements of certain rent payments due between April 2020 through October 2020 into future periods. In accordance with the Financial Accounting Standards Board's 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 October 30, 2021, the Company committed to 30 new store leases with average terms of approximately 10 years that have future minimum lease payments of approximately $89.6 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 October 30, 2021 and October 31, 2020, the weighted average remaining lease term for the Company's operating leases was 7.9 years and 8.0 years, respectively, and the weighted average discount rate was 5.6% and 6.6% , respectively. The following table is a summary of the Company's components for net lease costs (in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended Lease Cost October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Operating lease cost $ 51,477 $ 43,584 $ 148,272 $ 126,205 Variable lease cost 14,951 11,977 42,602 33,939 Net lease cost* $ 66,428 $ 55,561 $ 190,874 $ 160,144 * Excludes short-term lease cost, which is immaterial. The following table summarizes the maturity of lease liabilities under operating leases as of October 30, 2021 (in thousands): Maturity of Lease Liabilities Operating Leases 2021 $ 58,337 2022 221,131 2023 215,265 2024 205,455 2025 190,448 After 2025 692,582 Total lease payments 1,583,218 Less: imputed interest 282,751 Present value of lease liabilities $ 1,300,467 The following table summarizes the supplemental cash flow disclosures related to leases (in thousands): Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (1) $ 144,030 $ 91,013 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 266,717 $ 159,707 (1) Included within operating activities in the Company's Consolidated Statements of Cash Flows.

Income Per Common Share

Income Per Common Share	9 Months Ended
	Oct. 30, 2021
Earnings Per Share [Abstract]
Income Per Common Share	Income (Loss) Per Common ShareBasic 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 dilutive impact, if any, for performance-based restricted stock units, which are subject to market conditions based on the Company's total shareholder return relative to a pre-defined peer group, are included in the weighted average shares. 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 Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Numerator: Net income (loss) $ 24,177 $ 20,425 $ 138,614 $ (576) Denominator: Weighted average common shares outstanding - basic 56,023,961 55,851,780 56,001,437 56,004,072 Dilutive impact of options, restricted stock units and employee stock purchase plan 316,674 247,548 304,019 — Weighted average common shares outstanding - diluted 56,340,635 56,099,328 56,305,456 56,004,072 Per common share: Basic income (loss) per common share $ 0.43 $ 0.37 $ 2.48 $ (0.01) Diluted income (loss) per common share $ 0.43 $ 0.36 $ 2.46 $ (0.01) The effects of the assumed vesting of restricted stock units for 69 shares of common stock for the thirteen weeks ended October 30, 2021 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. The effects of the assumed vesting of restricted stock units for 7,775 shares of common stock for the thirty-nine weeks ended October 30, 2021 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. The effects of the assumed vesting of restricted stock units for 4,361 shares of common stock for the thirteen weeks ended October 31, 2020 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. For the thirty-nine weeks ended October 31, 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	9 Months Ended
	Oct. 30, 2021
Debt Disclosure [Abstract]
Line of Credit	Line of Credit On January 27, 2021, the Company entered into a First Amendment to Credit Agreement (the "First Amendment") which amended the Fifth Amended and Restated Credit Agreement (as amended by the First Amendment, the “Credit Agreement”) dated April 24, 2020 among the Company, 1616 Holdings, Inc., a wholly-owned subsidiary of the Company ("1616 Holdings" and together with the Company, the "Loan Parties"), Wells Fargo Bank, National Association as administrative agent (the “Agent”), and other lenders party thereto (the "Lenders"). The Credit Agreement provides for a secured asset-based revolving line of credit in the amount of up to $225.0 million (the "Revolving Credit Facility"). Advances under the 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. Pursuant to the Credit Agreement, inventory appraisals and certain other diligence items are deferred, with reduced advance rates during the period that such appraisals have not been delivered. The Revolving Credit Facility expires on the earliest to occur of (i) April 24, 2023 or (ii) an event of default. The 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 "Accordion"). Pursuant to the First Amendment, the Company obtained commitments from the Lenders that would allow the Company at its election (subject only to satisfaction of certain customary conditions such as the absence of any Event of Default), to increase the amount of the Revolving Credit Facility by an aggregate principal amount up to $50.0 million within the Accordion (the "Committed Increase"). The entire amount of the Revolving Credit Facility is available for the issuance of letters of credit and allows for swingline loans. The 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 0.25% to 0.75% or (b) a LIBOR rate plus a margin ranging from 1.25% to 1.75%. Letter of credit fees range from 1.25% to 1.75%. The interest rate and letter of credit fees under the Credit Agreement are subject to an increase of 2.00% per annum upon an event of default. The 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) 12.5% of the lesser of (x) aggregate commitments under the Revolving Credit Facility and (y) the borrowing base (the "loan cap") during the period that inventory appraisals have not been delivered as described above and (ii) at all other times 10% of the loan cap. If there exists an event of default or availability under the 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 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 Credit Agreement). The 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 Credit Agreement. Amounts under the Revolving Credit Facility's may become due upon events of default (subject to any applicable grace or cure periods). All obligations under the Revolving Credit Facility are guaranteed by 1616 Holdings and are secured by substantially all of the assets of the Company and 1616 Holdings. As of October 30, 2021, the Company had no borrowings under the Revolving Credit Facility and had approximately $225 million available under the Revolving Credit Facility.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Other Contractual Commitments As of October 30, 2021, the Company has other purchase commitments of approximately $12.5 million consisting of purchase agreements for materials that will be used in the construction of new stores. During the thirteen weeks ended August 1, 2020, the Company acquired land in Buckeye, Arizona, 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 $65 million . The Company began operating the distribution center in August 2021. During the thirteen weeks ended May 1, 2021, the Company acquired land in Indianapolis, Indiana, to build an approximately 1,030,000 square foot distribution center to support the Company's anticipated growth. The total cost of the land and building is expected to be approximately $61 million, of which approximately $26 million has been paid through October 30, 2021. The Company expects to occupy the distribution center in 2022. Contingencies Legal Matters

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 30, 2021
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 October 30, 2021, approximately 2.6 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 thirty-nine weeks ended October 30, 2021 was as follows: Options Weighted Weighted Balance as of January 30, 2021 53,029 $ 33.22 3.2 Forfeited (432) 4.28 Exercised (11,638) 31.53 Balance as of October 30, 2021 40,959 34.00 2.5 Exercisable as of October 30, 2021 40,959 $ 34.00 2.5 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 and the fair value of RSUs is the market price of the underlying common stock on the date of grant. PSUs granted to date have vesting periods ranging from less than one year to five years from the date of grant. PSUs that have a performance condition are 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. The fair value of these PSUs is the market price of the underlying common stock on the date of grant. Compensation is recognized over the vesting period and adjusted for the probability of achievement of the performance criteria. PSUs that have a market condition based on our total shareholder return relative to a pre-defined peer group are subject to multi-year performance objectives with vesting periods of approximately three years from the date of grant (if the applicable performance objectives are achieved). The fair value of these PSUs are determined using a Monte Carlo valuation model. RSU and PSU activity during the thirty-nine weeks ended October 30, 2021 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 January 30, 2021 304,398 $ 99.94 259,776 $ 151.73 Granted 67,689 183.46 89,460 196.36 Vested (113,087) 95.74 — — Forfeited (8,039) 119.84 — — Non-vested balance as of October 30, 2021 250,961 $ 123.72 349,236 $ 163.16 In connection with the vesting of RSUs and PSUs during the thirty-nine weeks ended October 30, 2021, the Company withheld 37,491 shares with an aggregate value of $7.2 million in satisfaction of minimum tax withholding obligations due upon vesting. In connection with the vesting of RSUs and PSUs during the thirty-nine weeks ended October 31, 2020, the Company withheld 50,921 shares with an aggregate value of $3.8 million in satisfaction of minimum tax withholding obligations due upon vesting. As of October 30, 2021, there was $38.1 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 2.2 years.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesOn 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 NOL arose, (iii) accelerating Alternative Minimum Tax ("AMT") 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. The following table summarizes the Company’s income tax expense (benefit) and effective tax rates for the thirteen weeks ended and thirty-nine weeks ended October 30, 2021 and October 31, 2020 (dollars in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Income (loss) before income taxes $ 31,825 $ 23,589 $ 179,632 $ (15,822) Income tax expense (benefit) $ 7,648 $ 3,164 $ 41,018 $ (15,246) Effective tax rate 24.0 % 13.4 % 22.8 % 96.4 % The effective tax rates for the thirteen weeks ended and thirty-nine weeks ended October 30, 2021 and October 31, 2020 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 October 30, 2021 was higher than the thirteen weeks ended October 31, 2020 primarily due to discrete items, which includes the impact of the CARES Act in the thirteen weeks ended October 31, 2020 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 Company's consolidated statements of operations. The effective tax rate for the thirty-nine weeks ended October 30, 2021 was lower than the thirty-nine weeks ended October 31, 2020 primarily due to discrete items, which includes the impact of the CARES Act in the thirty-nine weeks ended October 31, 2020 and the impact of ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." 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 October 30, 2021, January 30, 2021, or October 31, 2020 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 weeks ended and thirty-nine weeks ended October 30, 2021 or October 31, 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 30, 2021
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 October 30, 2021, operated in 40 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, Colorado, Utah and New Mexico. As of October 30, 2021 and October 31, 2020, the Company operated 1,173 stores and 1,018 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	The Company operates on a 52/53-week fiscal year ending on the Saturday closest to January 31. References to "fiscal year 2021" or "fiscal 2021" refer to the period from January 31, 2021 to January 29, 2022, which is a 52-week fiscal year. References to "fiscal year 2020" or "fiscal 2020" refer to the period from February 2, 2020 to January 30, 2021, which is a 52-week fiscal year. The fiscal quarters ended October 30, 2021 and October 31, 2020 refer to the thirteen weeks ended as of those dates. The year-to-date periods ended October 30, 2021 and October 31, 2020 refer to the thirty-nine weeks ended as of those dates.
Basis of Presentation	The consolidated balance sheets as of October 30, 2021 and October 31, 2020, the consolidated statements of operations for the thirteen and thirty-nine weeks ended October 30, 2021 and October 31, 2020, the consolidated statements of shareholders’ equity for the thirteen and thirty-nine weeks ended October 30, 2021 and October 31, 2020 and the consolidated statements of cash flows for the thirty-nine weeks ended October 30, 2021 and October 31, 2020 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 October 30, 2021 and October 31, 2020. The balance sheet as of January 30, 2021, presented herein, has been derived from the audited balance sheet included in the Company's Annual Report on Form 10-K for fiscal 2020 as filed with the Securities and Exchange Commission on March 18, 2021 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 consolidated financial statements for the fiscal year ended January 30, 2021 and footnotes thereto included in the Annual Report. The consolidated results of operations for the thirteen and thirty-nine weeks ended October 30, 2021 and October 31, 2020 are not necessarily indicative of the consolidated operating results for the year ending January 29, 2022 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	In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04"). The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The impact of the adoption of ASU 2020-04 is not expected to be significant to the Company's consolidated financial statements.
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, net realizable value for inventories, income taxes, share-based compensation expense, the incremental borrowing rate utilized in operating lease liabilities,
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 are based upon the lowest level of input that is significant to the measurement. The Company’s financial instruments consist primarily of cash equivalents, investment securities, accounts payable, borrowings, if any, under a line of credit, equity method investments and notes receivable. 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 investments in corporate bonds are Level 1 while the 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 October 30, 2021, January 30, 2021, and October 31, 2020, the Company had cash equivalents of $60.8 million, $250.7 million and $104.7 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 October 30, 2021, January 30, 2021, and October 31, 2020, 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 October 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 190,700 $ 6 $ 82 $ 190,624 Municipal bonds 33,863 — 11 33,852 Total $ 224,563 $ 6 $ 93 $ 224,476 As of January 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 95,530 $ — $ 53 $ 95,477 Municipal bonds 45,398 — 7 45,391 Total $ 140,928 $ — $ 60 $ 140,868 As of October 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 78,516 $ — $ 43 $ 78,473 Municipal bonds 18,233 — 7 18,226 Total $ 96,749 $ — $ 50 $ 96,699
Revenue Transactions	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 customer 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. As permitted by applicable accounting guidance, the Company has elected 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 October 30, 2021 October 31, 2020 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 305,600 50.3 % $ 221,970 46.6 % Fashion and home 192,472 31.7 % 176,867 37.1 % Party and snack 109,573 18.0 % 77,777 16.3 % Total $ 607,645 100.0 % $ 476,614 100.0 % Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 930,890 50.3 % $ 524,719 47.5 % Fashion and home 563,401 30.4 % 400,679 36.3 % Party and snack 357,731 19.3 % 178,225 16.2 % Total $ 1,852,022 100.0 % $ 1,103,623 100.0 %
Deferred Compensation	The Company approved and adopted the Five Below, Inc. Nonqualified Deferred Compensation Plan (the "Plan") and a related, irrevocable grantor trust (the "Trust") during the thirteen weeks ended July 31, 2021. The Plan provides eligible key employees with the opportunity to elect to defer up to 80% of their eligible compensation. The Company may make discretionary contributions, at the discretion of the Board. Payments under the Plan will be made from the general assets of the Company or from the assets of the Trust, funded by the Company. The related liability is recorded as deferred compensation and included in other long-term liabilities in the consolidated balance sheets.

SEC Schedule, Article 12-04, Co

SEC Schedule, Article 12-04, Condensed Financial Information of Registrant (Tables)	9 Months Ended
	Oct. 30, 2021
Condensed Financial Information Disclosure [Abstract]
Debt Securities, Held-to-maturity	Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands): As of October 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 190,700 $ 6 $ 82 $ 190,624 Municipal bonds 33,863 — 11 33,852 Total $ 224,563 $ 6 $ 93 $ 224,476 As of January 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 95,530 $ — $ 53 $ 95,477 Municipal bonds 45,398 — 7 45,391 Total $ 140,928 $ — $ 60 $ 140,868 As of October 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 78,516 $ — $ 43 $ 78,473 Municipal bonds 18,233 — 7 18,226 Total $ 96,749 $ — $ 50 $ 96,699

Revenue from Contracts With C_2

Revenue from Contracts With Customers (Tables)	9 Months Ended
	Oct. 30, 2021
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 October 30, 2021 October 31, 2020 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 305,600 50.3 % $ 221,970 46.6 % Fashion and home 192,472 31.7 % 176,867 37.1 % Party and snack 109,573 18.0 % 77,777 16.3 % Total $ 607,645 100.0 % $ 476,614 100.0 % Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure $ 930,890 50.3 % $ 524,719 47.5 % Fashion and home 563,401 30.4 % 400,679 36.3 % Party and snack 357,731 19.3 % 178,225 16.2 % Total $ 1,852,022 100.0 % $ 1,103,623 100.0 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 30, 2021
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 Thirty-Nine Weeks Ended Lease Cost October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Operating lease cost $ 51,477 $ 43,584 $ 148,272 $ 126,205 Variable lease cost 14,951 11,977 42,602 33,939 Net lease cost* $ 66,428 $ 55,561 $ 190,874 $ 160,144 The following table summarizes the supplemental cash flow disclosures related to leases (in thousands): Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (1) $ 144,030 $ 91,013 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 266,717 $ 159,707 (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 October 30, 2021 (in thousands): Maturity of Lease Liabilities Operating Leases 2021 $ 58,337 2022 221,131 2023 215,265 2024 205,455 2025 190,448 After 2025 692,582 Total lease payments 1,583,218 Less: imputed interest 282,751 Present value of lease liabilities $ 1,300,467

Income Per Common Share (Tables

Income Per Common Share (Tables)	9 Months Ended
	Oct. 30, 2021
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 Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Numerator: Net income (loss) $ 24,177 $ 20,425 $ 138,614 $ (576) Denominator: Weighted average common shares outstanding - basic 56,023,961 55,851,780 56,001,437 56,004,072 Dilutive impact of options, restricted stock units and employee stock purchase plan 316,674 247,548 304,019 — Weighted average common shares outstanding - diluted 56,340,635 56,099,328 56,305,456 56,004,072 Per common share: Basic income (loss) per common share $ 0.43 $ 0.37 $ 2.48 $ (0.01) Diluted income (loss) per common share $ 0.43 $ 0.36 $ 2.46 $ (0.01) The effects of the assumed vesting of restricted stock units for 69 shares of common stock for the thirteen weeks ended October 30, 2021 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. The effects of the assumed vesting of restricted stock units for 7,775 shares of common stock for the thirty-nine weeks ended October 30, 2021 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. The effects of the assumed vesting of restricted stock units for 4,361 shares of common stock for the thirteen weeks ended October 31, 2020 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive. For the thirty-nine weeks ended October 31, 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)	9 Months Ended
	Oct. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Stock option activity during the thirty-nine weeks ended October 30, 2021 was as follows: Options Weighted Weighted Balance as of January 30, 2021 53,029 $ 33.22 3.2 Forfeited (432) 4.28 Exercised (11,638) 31.53 Balance as of October 30, 2021 40,959 34.00 2.5 Exercisable as of October 30, 2021 40,959 $ 34.00 2.5
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	RSU and PSU activity during the thirty-nine weeks ended October 30, 2021 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 January 30, 2021 304,398 $ 99.94 259,776 $ 151.73 Granted 67,689 183.46 89,460 196.36 Vested (113,087) 95.74 — — Forfeited (8,039) 119.84 — — Non-vested balance as of October 30, 2021 250,961 $ 123.72 349,236 $ 163.16

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Oct. 30, 2021
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 weeks ended and thirty-nine weeks ended October 30, 2021 and October 31, 2020 (dollars in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Income (loss) before income taxes $ 31,825 $ 23,589 $ 179,632 $ (15,822) Income tax expense (benefit) $ 7,648 $ 3,164 $ 41,018 $ (15,246) Effective tax rate 24.0 % 13.4 % 22.8 % 96.4 %

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Nature of Business) (Details)	3 Months Ended
	Oct. 30, 2021USD ($)stateStores	Oct. 31, 2020Stores
Accounting Policies [Abstract]
Products offering price, maximum price	$ 5
Number of states in which entity operates (state) | state	40
Number of stores (store) | Stores	1,173	1,018
Deferred Compensation Arrangement With individual, Percent Of Gross Pay	80.00%
Equity Method Investment, Other than Temporary Impairment	$ 9,700,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Significant Accounting Policies [Line Items]
Amortized Cost	$ 224,563	$ 140,928	$ 96,749
Gross Unrealized Gains	6	0	0
Gross Unrealized Losses	93	60	50
Fair Market Value	224,476	140,868	96,699
Fair Value, Inputs, Level 1
Significant Accounting Policies [Line Items]
Cash equivalents	60,800	250,700	104,700
Corporate bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost	190,700	95,530	78,516
Gross Unrealized Gains	6	0	0
Gross Unrealized Losses	82	53	43
Fair Market Value	190,624	95,477	78,473
Municipal bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost	33,863	45,398	18,233
Gross Unrealized Gains	0	0	0
Gross Unrealized Losses	11	7	7
Fair Market Value	$ 33,852	$ 45,391	$ 18,226

Summary of Significant Accoun_5

Summary of Significant Accounting Policies Prepaid expenses and OCA (Details) - USD ($) $ in Millions	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expense	$ 26.5	$ 19	$ 17.7
Other current assets	$ 51	$ 39.1	$ 32.5

Summary of Significant Accoun_6

Summary of Significant Accounting Policies Other Accrued Expenses (Details) - USD ($) $ in Millions	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Payables and Accruals [Abstract]
Other accrued expenses	$ 42	$ 29.2	$ 18.6

Revenue from Contracts With C_3

Revenue from Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Net sales	$ 607,645	$ 476,614	$ 1,852,022	$ 1,103,623
Net sales as a percentage of net sales	100.00%	100.00%	100.00%	100.00%
Leisure
Net sales	$ 305,600	$ 221,970	$ 930,890	$ 524,719
Net sales as a percentage of net sales	50.30%	46.60%	50.30%	47.50%
Fashion and home
Net sales	$ 192,472	$ 176,867	$ 563,401	$ 400,679
Net sales as a percentage of net sales	31.70%	37.10%	30.40%	36.30%
Total
Net sales	$ 109,573	$ 77,777	$ 357,731	$ 178,225
Net sales as a percentage of net sales	18.00%	16.30%	19.30%	16.20%

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended	9 Months Ended
	Oct. 30, 2021USD ($)	Oct. 30, 2021lease	Oct. 31, 2020
Lessee, Lease, Description [Line Items]
Number of leases (lease) | lease		30
Long-term purchase commitment, amount | $	$ 89.6
Operating lease, weighted average remaining lease term (years)	7 years 10 months 24 days	7 years 10 months 24 days	8 years
Operating lease, weighted average discount rate, percent	5.60%	5.60%	6.60%
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contracts (years)	10 years	10 years

Leases - Components of Net Leas

Leases - Components of Net Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Leases [Abstract]
Operating lease cost	$ 51,477	$ 43,584	$ 148,272	$ 126,205
Variable lease cost	14,951	11,977	42,602	33,939
Net lease cost*	$ 66,428	$ 55,561	$ 190,874	$ 160,144

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities Under Operating Leases (Details) $ in Thousands	Oct. 30, 2021USD ($)
Leases [Abstract]
2021	$ 58,337
2022	221,131
2023	215,265
2024	205,455
2025	190,448
After 2025	692,582
Total lease payments	1,583,218
Less: imputed interest	282,751
Present value of lease liabilities	$ 1,300,467

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Cash payments arising from operating lease liabilities	$ 144,030	$ 91,013
Supplemental non-cash information:
Operating lease liabilities arising from obtaining right-of-use assets	$ 266,717	$ 159,707

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						9 Months Ended
	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Oct. 30, 2021	Oct. 31, 2020
Numerator:
Net income (loss)	$ 24,177	$ 64,841	$ 49,596	$ 20,425	$ 29,581	$ (50,582)	$ 138,614	$ (576)
Denominator:
Weighted-average common shares outstanding - basic (shares)	56,023,961			55,851,780			56,001,437	56,004,072
Dilutive impact of options and warrants (shares)	316,674			247,548			304,019	0
Weighted average common share outstanding - diluted (shares)	56,340,635			56,099,328			56,305,456	56,004,072
Per common share:
Basic income (loss) per common share (dollars per share)	$ 0.43			$ 0.37			$ 2.48	$ (0.01)
Diluted income (loss) per common share (dollars per share)	$ 0.43			$ 0.36			$ 2.46	$ (0.01)

Income Per Common Share (Narrat

Income Per Common Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock not included in the computations of diluted earnings per share	69	4,361	7,775

Line of Credit (Line of Credit)

Line of Credit (Line of Credit) (Details) - Line of Credit - Amended Revolving Credit Facility - USD ($)	Jan. 27, 2021	Oct. 30, 2021
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	12.50%
Minimum availability of loan cap after stepdown date required, percent	10.00%
Period required for availability of loan cap requirement	60 days
Maximum allowed to be borrowed based on available cash balance	$ 50,000,000
Line of credit facility, current borrowing capacity		$ 0
Line of credit facility, remaining borrowing capacity		$ 225,000,000
Minimum Availability Of Aggregate Commitments And Loan Cap Required In Event Of Default Or Availability, Percent	15.00%
Minimum
Debt Instrument [Line Items]
Commitment fee percentage	1.25%
Maximum
Debt Instrument [Line Items]
Commitment fee percentage	1.75%
Base Rate | Minimum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	0.25%
Base Rate | Maximum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	0.75%
LIBOR | Minimum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.25%
LIBOR | Maximum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.75%

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) ft² in Thousands, $ in Millions	9 Months Ended
	Oct. 30, 2021USD ($)ft²
Purchase commitment, remaining minimum amount committed	$ 12.5
Distribution center in Buckeye, Arizona
Area of real estate property (in sqft) | ft²	860
Expected payments to purchase land and construct building	$ 65
Distribution Center In Indianapolis, Indiana
Area of real estate property (in sqft) | ft²	1,030
Payments to acquire buildings	$ 26
Expected payments to purchase land and construct building	$ 61

Share-Based Compensation (2002

Share-Based Compensation (2002 Equity Incentive Plan) (Details) - 2002 Equity Incentive Plan - shares	Oct. 30, 2021	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)	2,600,000

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Stock Option Activity Under Plan) (Details)	6 Months Ended	9 Months Ended
	Jul. 31, 2021$ / sharesshares	Oct. 30, 2021$ / 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	53,029	53,029
Options outstanding, Forfeited (shares) | shares		(432)
Options outstanding, Exercised (shares) | shares		(11,638)
Options outstanding, Balance (shares) | shares		40,959
Options outstanding, Exercisable (shares) | shares		40,959
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	$ 33,220	$ 33,220
Weighted average exercise price, Exercised (dollars per share) | $ / shares		31,530
Weighted average exercise price, Forfeited (dollars per share) | $ / shares		4,280
Weighted average exercise price, Balance (dollars per share) | $ / shares		34,000
Weighted average exercise price, Exercisable (dollars per share) | $ / shares		$ 34,000
Weighted Average Remaining Contractual Term (in years)	3 years 2 months 12 days	2 years 6 months
Weighted Average Remaining Contractual Term, Exercisable		2 years 6 months

Share-Based Compensation (Share

Share-Based Compensation (Share-Based Compensation Valuation of Stock Options) (Details)	9 Months Ended
	Oct. 30, 2021shares
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	9 Months Ended		12 Months Ended	44 Months Ended
	May 02, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021	Oct. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		(432)
Repurchase and retirement of common stock	$ 12,663			$ 12,700	$ 50,000
Unrecognized compensation costs related to non-vested share-based compensation		$ 38,100			$ 38,100
Compensation cost not yet recognized, period for recognition (years)		2 years 2 months 12 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		250,961		304,398	250,961
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price		$ 123.72		$ 99.94	$ 123.72
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		67,689
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 183.46
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		(113,087)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value		$ 95.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		(8,039)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 119.84
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]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		349,236		259,776	349,236
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price		$ 163.16		$ 151.73	$ 163.16
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		89,460
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 196.36
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 0
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
Performance-Based Restricted Stock Units Based On Market Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)		3 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		37,491	50,921
Additional paid-in capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase and retirement of common stock	$ 12,662
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		$ 7,200	$ 3,800

Share-Based Compensation (Sha_2

Share-Based Compensation (Share Repurchase Program) (Details) - USD ($)	3 Months Ended		12 Months Ended	44 Months Ended
	Oct. 30, 2021	May 02, 2020	Jan. 30, 2021	Oct. 30, 2021	Mar. 09, 2021	Mar. 20, 2018
Share-based Payment Arrangement [Abstract]
Authorized amount					$ 100,000,000	$ 100,000,000
Repurchase and retirement of common stock (in shares)	0		137,023	500,000
Repurchase and retirement of common stock		$ 12,663,000	$ 12,700,000	$ 50,000,000
Average price (dollars per share)			$ 92.42

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020	Nov. 02, 2019
Income Tax [Line Items]
Income tax expense (benefit)	$ 7,648,000	$ 3,164,000	$ 41,018,000	$ (15,246,000)
Effective tax rate	24.00%	13.40%	22.80%	96.40%
Accrual for uncertain tax, interest or penalties	$ 0	$ 0	$ 0	$ 0	$ 0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 31,825,000	$ 23,589,000	$ 179,632,000	$ (15,822,000)
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