Five Below (FIVE) 10-Q 2 Jun 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 29, 2023	Jun. 01, 2023
Cover [Abstract]
Document Type	10-Q
Entity Registrant Name	Five Below, Inc.
Document Period End Date	Apr. 29, 2023
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	2023
Document Fiscal Period Focus	Q1
Title of 12(b) Security	Common stock
Trading Symbol	FIVE
Security Exchange Name	NASDAQ
Entity Central Index Key	0001177609
Current Fiscal Year End Date	--02-03
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		55,664,029

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 335,286,000	$ 332,324,000	$ 120,501,000
Short-term investment securities	88,241,000	66,845,000	189,140,000
Inventories	534,389,000	527,720,000	504,182,000
Prepaid income taxes and tax receivable	8,898,000	8,898,000	4,511,000
Prepaid expenses and other current assets	116,689,000	130,592,000	87,280,000
Total current assets	1,083,503,000	1,066,379,000	905,614,000
Property and equipment, net of accumulated depreciation and amortization of $483,213, $454,027, and $387,168, respectively.	944,375,000	925,530,000	799,765,000
Operating lease assets	1,336,588,000	1,319,132,000	1,232,246,000
Long-term investment securities	0	0	10,182,000
Other assets	16,043,000	13,870,000	12,973,000
Total assets	3,380,509,000	3,324,911,000	2,960,780,000
Current liabilities:
Line of credit	0	0	0
Accounts payable	234,492,000	221,120,000	230,282,000
Income taxes payable	27,751,000	19,928,000	35,767,000
Accrued salaries and wages	13,390,000	25,420,000	13,089,000
Other accrued expenses	135,463,000	136,316,000	140,849,000
Operating lease liabilities	207,458,000	199,776,000	174,400,000
Total current liabilities	618,554,000	602,560,000	594,387,000
Other long-term liabilities	4,626,000	4,296,000	3,807,000
Long-term operating lease liabilities	1,310,465,000	1,296,975,000	1,209,785,000
Deferred income taxes	59,563,000	59,151,000	37,859,000
Total liabilities	1,993,208,000	1,962,982,000	1,845,838,000
Commitments and contingencies (note 6)
Shareholders’ equity:
Common stock, $0.01 par value. Authorized 120,000,000 shares; issued and outstanding 55,665,239, 55,537,221, and 55,491,361 shares, respectively.	556,000	555,000	555,000
Additional paid-in capital	248,677,000	260,784,000	242,607,000
Retained earnings	1,138,068,000	1,100,590,000	871,780,000
Total shareholders’ equity	1,387,301,000	1,361,929,000	1,114,942,000
Total liabilities and shareholders' equity (deficit)	$ 3,380,509,000	$ 3,324,911,000	$ 2,960,780,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Statement of Financial Position [Abstract]
Accumulated depreciation and amortization	$ 483,213	$ 454,027	$ 387,168
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)	55,665,239	55,537,221	55,491,361
Common stock, shares outstanding (in shares)	55,665,239	55,537,221	55,491,361

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Income Statement [Abstract]
Net sales	$ 726,247	$ 639,596
Cost of goods sold	491,443	432,819
Gross profit	234,804	206,777
Selling, general and administrative expenses	192,392	164,448
Operating income	42,412	42,329
Interest income (expense) and other income (expense), net	3,647	(237)
Income before income taxes	46,059	42,092
Income tax expense	8,581	9,374
Net income	$ 37,478	$ 32,718
Basic income per common share (dollars per share)	$ 0.67	$ 0.59
Diluted income per common share (dollars per share)	$ 0.67	$ 0.59
Weighted average shares outstanding:
Basic shares (in shares)	55,650,375	55,647,200
Diluted shares (in shares)	55,777,010	55,834,287

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($)	Total	Unrestricted stock	Common stock	Common stock Unrestricted stock	Additional paid-in capital	Additional paid-in capital Unrestricted stock	Retained earnings
Balance, common stock, shares at Jan. 29, 2022			55,662,400
Balance at Jan. 29, 2022	$ 1,120,284,000		$ 556,000		$ 280,666,000		$ 839,062,000
Share-based compensation expense and issuance of unrestricted stock awards	5,857,000	$ 117,000			5,857,000	$ 117,000
Issuance of unrestricted stock awards (in shares)				718
Exercise of options to purchase common stock (in shares)			2,402
Exercise of options to purchase common stock	79,000				79,000
Vesting of restricted and performance-based stock units (in shares)			99,124
Vesting of restricted stock units and performance-based restricted stock units	1,000		$ 1,000
Common shares withheld for taxes (in shares)			26,151
Common shares withheld for taxes	(4,107,000)		$ (1,000)		(4,107,000)
Repurchase and retirement of common stock (in shares)			(247,132)
Repurchase and retirement of common stock	(40,007,000)		$ (2,000)		(40,005,000)
Net income	$ 32,718,000						32,718,000
Balance, common stock, shares at Apr. 30, 2022	55,491,361		55,491,361
Balance at Apr. 30, 2022	$ 1,114,942,000		$ 555,000		242,607,000		871,780,000
Balance, common stock, shares at Jan. 29, 2022			55,662,400
Balance at Jan. 29, 2022	$ 1,120,284,000		$ 556,000		280,666,000		839,062,000
Repurchase and retirement of common stock (in shares)	(247,132)
Repurchase and retirement of common stock	$ (40)
Balance, common stock, shares at Jan. 28, 2023	55,537,221		55,537,221
Balance at Jan. 28, 2023	$ 1,361,929,000		$ 555,000		260,784,000		1,100,590,000
Share-based compensation expense and issuance of unrestricted stock awards	3,624,000	$ 112,000			3,624,000	$ 112,000
Issuance of unrestricted stock awards (in shares)				579
Exercise of options to purchase common stock (in shares)			600
Exercise of options to purchase common stock	24,000				24,000
Vesting of restricted and performance-based stock units (in shares)			208,461
Vesting of restricted stock units and performance-based restricted stock units	2,000		$ 2,000
Common shares withheld for taxes (in shares)			81,622
Common shares withheld for taxes	(15,868,000)				(15,867,000)
Net income	$ 37,478,000						37,478,000
Balance, common stock, shares at Apr. 29, 2023	55,665,239		55,665,239
Balance at Apr. 29, 2023	$ 1,387,301,000		$ 556,000		$ 248,677,000		$ 1,138,068,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Operating activities:
Net income	$ 37,478	$ 32,718
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	29,186	23,977
Share-based compensation expense	3,760	5,998
Deferred income tax expense	412	1,703
Other non-cash expenses (income)	36	(455)
Changes in operating assets and liabilities:
Inventories	(6,669)	(49,078)
Prepaid income taxes and tax receivable	0	6,814
Prepaid expenses and other assets	11,695	4,878
Accounts payable	6,878	33,883
Income taxes payable	7,823	7,671
Accrued salaries and wages	(12,030)	(40,450)
Operating leases	3,716	4,341
Other accrued expenses	3,006	10,117
Net cash provided by operating activities	85,291	42,117
Investing activities:
Purchases of investment securities and other investments	(77,848)	(5,005)
Sales, maturities, and redemptions of investment securities	56,452	120,541
Capital expenditures	(45,091)	(58,091)
Net cash (used in) provided by investing activities	(66,487)	57,445
Financing activities:
Repurchase and retirement of common stock	0	(40,007)
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units	26	80
Common shares withheld for taxes	(15,868)	(4,107)
Net cash used in financing activities	(15,842)	(44,034)
Net increase in cash and cash equivalents	2,962	55,528
Cash and cash equivalents at beginning of period	332,324	64,973
Cash and cash equivalents at end of period	335,286	120,501
Supplemental disclosures of cash flow information:
Increase (Decrease) in accrued purchases of property and equipment	$ (2,941)	$ (12,478)

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 29, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting PoliciesDescription of Business Five Below, Inc. 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. As used herein, “Five Below,” the “Company,” refers to Five Below, Inc. (collectively with its wholly owned subsidiaries), except as expressly indicated or unless the context otherwise requires. As used herein, references to “Crew” refer to our employees, and references to “Shipcenters” refer to our distribution and logistics centers. 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 April 29, 2023, operated in 43 states, which does not include Alaska, Hawaii, Idaho, Montana, Oregon, Washington, and Wyoming. As of April 29, 2023 and April 30, 2022, the Company operated 1,367 stores and 1,225 stores, respectively, each operating under the name “Five Below.” The Company also offers our merchandise on the internet, through the Company's fivebelow.com e-commerce website as well as with an on demand third party delivery service to enable our customers to shop online and receive convenient same day delivery. 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 cash equivalents and 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 April 29, 2023, January 28, 2023 and April 30, 2022, the Company had cash equivalents of $322.0 million, $313.2 million and $50.7 million, respectively. The Company’s cash equivalents typically consist of cash management solutions, credit and debit card receivables, money market funds, corporate bonds and municipal bonds with original maturities of 90 days or less. Fair value for cash equivalents was determined based on Level 1 inputs. As of April 29, 2023, January 28, 2023 and April 30, 2022, 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 April 29, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 88,241 $ — $ 35 $ 88,206 Total $ 88,241 $ — $ 35 $ 88,206 As of January 28, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 66,845 $ — $ 292 $ 66,553 Total $ 66,845 $ — $ 292 $ 66,553 As of April 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 159,145 $ — $ 1,134 $ 158,011 Municipal bonds 29,995 — 64 29,931 Total $ 189,140 $ — $ 1,198 $ 187,942 Long-term: Corporate bonds $ 10,182 $ — $ 205 $ 9,977 Total $ 10,182 $ — $ 205 $ 9,977 Prepaid expenses as of April 29, 2023, January 28, 2023 and April 30, 2022 were $30.3 million, $25.9 million, and $29.4 million, respectively. Other current assets as of April 29, 2023, January 28, 2023 and April 30, 2022 wer e $86.4 million , $104.7 million, and $57.9 million, respectively. Other accrued expenses include accrued capital expenditure s of $40.0 million , $43.6 million, and $29.3 million as of April 29, 2023, January 28, 2023 and April 30, 2022, respectively.

Revenue from Contracts With Cus

Revenue from Contracts With Customers	3 Months Ended
	Apr. 29, 2023
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, ASU 2014-09 "Revenue from Contracts with Customers," the Company has elected to exclude all sales taxes collected from customers and remitted to governmental authorities 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 snack and seasonal (dollars in thousands): Thirteen Weeks Ended Thirteen Weeks Ended April 29, 2023 April 30, 2022 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure (1) $ 350,201 48.2 % $ 320,379 50.1 % Fashion and home 195,832 27.0 % 174,234 27.2 % Snack and seasonal (1) 180,214 24.8 % 144,983 22.7 % Total $ 726,247 100.0 % $ 639,596 100.0 % (1) Due to realignment of certain products, there was a minor adjustment to historical sales by product group.

Leases

Leases	3 Months Ended
	Apr. 29, 2023
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. During the thirteen weeks ended April 29, 2023, the Company committed to 95 new store leases with average terms of approximately 10 years that have future minimum lease payments of approximately $154.3 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 April 29, 2023 and April 30, 2022, the weighted average remaining lease term for the Company's operating leases was 7.3 years and 7.8 years, respectively, and the weighted average discount rate was 5.3% and 5.2%, respectively. The following table is a summary of the Company's components for net lease costs (in thousands): Thirteen Weeks Ended Lease Cost April 29, 2023 April 30, 2022 Operating lease cost $ 62,346 $ 55,164 Variable lease cost 18,210 15,625 Net lease cost* $ 80,556 $ 70,789 * Excludes short-term lease cost, which is immaterial. The following table summarizes the maturity of lease liabilities under operating leases as of April 29, 2023 (in thousands): Maturity of Lease Liabilities Operating Leases 2023 $ 207,875 2024 266,213 2025 251,725 2026 236,042 2027 214,289 After 2027 643,952 Total lease payments 1,820,096 Less: imputed interest 302,173 Present value of lease liabilities $ 1,517,923 The following table summarizes the supplemental cash flow disclosures related to leases (in thousands): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (1) $ 58,764 $ 50,531 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 57,182 $ 98,333 (1) Included within operating activities in the Company's Consolidated Statements of Cash Flows.

Income Per Common Share

Income Per Common Share	3 Months Ended
	Apr. 29, 2023
Earnings Per Share [Abstract]
Income Per Common Share	Income Per Common Share Basic income per common share amounts are calculated using the weighted average number of common shares outstanding for the period. Diluted income 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 and the weighted average common shares outstanding used in the computations of basic and diluted income per common share (in thousands, except for share and per share data): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Numerator: Net income $ 37,478 $ 32,718 Denominator: Weighted average common shares outstanding - basic 55,650,375 55,647,200 Dilutive impact of options, restricted stock units and employee stock purchase plan 126,635 187,087 Weighted average common shares outstanding - diluted 55,777,010 55,834,287 Per common share: Basic income per common share $ 0.67 $ 0.59 Diluted income per common share $ 0.67 $ 0.59 The effects of the assumed vesting of restricted stock units for 18,506 shares of common stock for the thirteen weeks ended April 29, 2023 were excluded from the calculation of diluted income per share, as their impact would have been anti-dilutive. The effects of the assumed vesting of restricted stock units for 18,449 shares of common stock for the thirteen weeks ended April 30, 2022 were excluded from the calculation of diluted income per share, as their impact would have been anti-dilutive.

Line of Credit

Line of Credit	3 Months Ended
	Apr. 29, 2023
Debt Disclosure [Abstract]
Line of Credit	Line of CreditOn September 16, 2022, the Company entered into a Second Amendment to Credit Agreement (the "Second Amendment") which amended the Fifth Amended and Restated Credit Agreement, dated as of April 24, 2020, as previously amended by that certain First Amendment to Credit Agreement, dated as of January 27, 2021 (the "First Amendment"; the Fifth Amended and Restated Credit Agreement as amended by the First Amendment and the Second Amendment, the “Credit Agreement”), 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. Pursuant to the Second Amendment, the Revolving Credit Facility expires on the earliest to occur of (i) September 16, 2027 or (ii) an event of default. The Second Amendment also replaced the existing LIBOR (the "London Interbank Offered Rate") provisions with SOFR (the "Secured Overnight Financing Rate") provisions which converted then outstanding LIBOR loans into SOFR loans and additionally makes a number of other revisions to other provisions of the Credit Agreement. Giving effect to the Second Amendment, outstanding borrowings under the Revolving Credit Facility would accrue interest at floating rates plus an applicable margin ranging from 1.12% to 1.50% for SOFR loans and 0.125% to 0.50% for base rate loans, and letter of credit fees range from 1.125% to 1.50%, in each case based on the average availability under the Revolving Credit Facility. The Revolving Credit Facility may be increased 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 contains customary covenants that limit, absent lender approval, the ability of the 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 with affiliates, merge, dissolve, repay certain indebtedness, change the nature of the 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 the Company to undertake otherwise restricted activities if it satisfies certain 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 10.0% 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 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 secured by substantially all of the assets of the Company and 1616 Holdings. As of April 29, 2023, 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	3 Months Ended
	Apr. 29, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Other Contractual Commitments As of April 29, 2023, the Company has other purchase commitments of approximately $17.1 million consisting of purchase agreements for materials that will be used in the construction of new stores. Contingencies Legal Matters

Share-Based Compensation

Share-Based Compensation	3 Months Ended	12 Months Ended
	Apr. 29, 2023	Jan. 28, 2023
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Equity Incentive Plan Pursuant to the Company's 2022 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 crew and professional service providers. The Plan allows for the issuance of up to a total of 4.3 million shares under the Plan. As of April 29, 2023, approximately 3.4 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 thirteen weeks ended April 29, 2023 was as follows: Options Weighted Weighted Balance as of January 28, 2023 18,026 $ 34.92 1.8 Granted — — Forfeited — — Exercised (600) 40.03 Balance as of April 29, 2023 17,426 34.75 1.6 Exercisable as of April 29, 2023 17,426 $ 34.75 1.6 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 and PSUs granted to date generally have vesting periods ranging from less than one year to four years from the date of grant. 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 simulation model, which utilizes multiple input variables such as (i) total shareholder return from the beginning of the performance cycle through the performance measurement date(s); (ii) volatility; (iii) risk-free interest rates; and (iv) the correlation of the pre-defined peer group's total shareholder return. RSU and PSU activity during the thirteen weeks ended April 29, 2023 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 28, 2023 226,389 $ 142.20 458,062 $ 163.56 Granted 56,405 200.68 125,706 245.19 Vested (51,269) 137.16 (157,192) 151.73 Forfeited (8,853) 149.20 (119,026) 156.71 Non-vested balance as of April 28, 2023 222,672 $ 157.89 307,550 $ 205.63 In connection with the vesting of RSUs and PSUs during the thirteen weeks ended April 29, 2023, the Company withheld 81,622 shares with an aggregate value of $15.9 million in satisfaction of minimum tax withholding obligations due upon vesting. In connection with the vesting of RSUs and PSUs during the thirteen weeks ended April 30, 2022, the Company withheld 26,151 shares with an aggregate value of $4.1 million in satisfaction of minimum tax withholding obligations due upon vesting. As of April 29, 2023, there was $50.5 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 2.7 years.	Share Repurchase Program On March 20, 2018, the Company's Board of Directors approved a share repurchase program authorizing the repurchase of up to $100 million of the Company's common stock through March 31, 2021, on the open market, in privately negotiated transactions, or otherwise. This program expired on March 31, 2021. On March 9, 2021, the Company's Board of Directors approved a new share repurchase program for up to $100 million of the Company's common stock through March 31, 2024. In fiscal 2021, the Company purchased 368,699 shares at an aggregate cost of approximately $60.0 million, or average price of $162.75 per share. In fiscal 2022, the Company purchased 247,132 shares at an aggregate cost of approximately $40.0 million, or average price of $161.88 per share. The Company has exhausted repurchases under this program. On June 14, 2022, the Company's Board of Directors approved a new share repurchase program for up to $100 million of the Company's common stock through June 30, 2025. As of April 29, 2023, the Company has not made any repurchases under this program.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table summarizes the Company’s income tax expense and effective tax rates for the thirteen weeks ended April 29, 2023 and April 30, 2022 (dollars in thousands): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Income before income taxes $ 46,059 $ 42,092 Income tax expense $ 8,581 $ 9,374 Effective tax rate 18.6 % 22.3 % The effective tax rates for the thirteen weeks ended April 29, 2023 and April 30, 2022 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 April 29, 2023 was lower than the thirteen weeks ended April 30, 2022 primarily due to discrete items, which includes the impact of ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting" with respect to the requirements to recognize excess income tax benefits or deficiencies as income tax benefit or expense in the consolidated statements of operations rather than as additional paid-in capital in the consolidated balance sheets, partially offset by non-deductible expenses. 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 April 29, 2023, January 28, 2023 or April 30, 2022 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 April 29, 2023 or April 30, 2022. The Company files a federal income tax return as well as state tax returns. The Company’s U.S. federal income tax returns for the fiscal years ended February 1, 2020 and thereafter remain subject to examination by the U.S. Internal Revenue Service. State returns are filed in various state jurisdictions, as appropriate, with varying statutes of limitation and remain subject to examination for varying periods up to three years to four years depending on the state.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 29, 2023
Accounting Policies [Abstract]
Description of Business	Description of Business Five Below, Inc. 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. As used herein, “Five Below,” the “Company,” refers to Five Below, Inc. (collectively with its wholly owned subsidiaries), except as expressly indicated or unless the context otherwise requires. As used herein, references to “Crew” refer to our employees, and references to “Shipcenters” refer to our distribution and logistics centers. 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 April 29, 2023, operated in 43 states, which does not include Alaska, Hawaii, Idaho, Montana, Oregon, Washington, and Wyoming. As of April 29, 2023 and April 30, 2022, the Company operated 1,367 stores and 1,225 stores, respectively, each operating under the name “Five Below.” The Company also offers our merchandise on the internet, through the Company's fivebelow.com e-commerce website as well as with an on demand third party delivery service to enable our customers to shop online and receive convenient same day delivery.
Fiscal Year	Fiscal YearThe Company operates on a 52/53-week fiscal year ending on the Saturday closest to January 31. References to "fiscal year 2023" or "fiscal 2023" refer to the period from January 29, 2023 to February 3, 2024, which is a 53-week fiscal year. References to "fiscal year 2022" or "fiscal 2022" refer to the period from January 30, 2022 to January 28, 2023, which is a 52-week fiscal year. The fiscal quarters ended April 29, 2023 and April 30, 2022 refer to the thirteen weeks ended as of those dates.
Basis of Presentation	Basis of PresentationThe consolidated balance sheets as of April 29, 2023 and April 30, 2022, the consolidated statements of operations for the thirteen weeks ended April 29, 2023 and April 30, 2022, the consolidated statements of shareholders’ equity for the thirteen weeks ended April 29, 2023 and April 30, 2022 and the consolidated statements of cash flows for the thirteen weeks ended April 29, 2023 and April 30, 2022 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 April 29, 2023 and April 30, 2022. The balance sheet as of January 28, 2023, presented herein, has been derived from the audited balance sheet included in the Company's Annual Report on Form 10-K for fiscal 2022 as filed with the Securities and Exchange Commission on March 16, 2023 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 28, 2023 and footnotes thereto included in the Annual Report. The consolidated results of operations for the thirteen weeks April 29, 2023 and April 30, 2022 are not necessarily indicative of the consolidated operating results for the year ending February 3, 2024 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	Recently Issued Accounting PronouncementsIn September 2022, the FASB issued ASU 2022-04, Liabilities-Supplier Finance Programs (Topic 405-50) - Disclosure of Supplier Finance Program Obligations, which requires that a buyer in a supplier finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. The amendments in this ASU are effective for the first quarter of 2023, except for the amendment on roll-forward information, which is effective for the first quarter of 2024, with early adoption permitted. The Company adopted this guidance on January 29, 2023, and determined that the impact of the adoption of ASU 2022-04 did not have a material impact on its consolidated financial statements.
Use of Estimates	Use of EstimatesThe 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, equity method investments and notes receivable.
Fair Value of Financial Instruments	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 cash equivalents and 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 April 29, 2023, January 28, 2023 and April 30, 2022, the Company had cash equivalents of $322.0 million, $313.2 million and $50.7 million, respectively. The Company’s cash equivalents typically consist of cash management solutions, credit and debit card receivables, money market funds, corporate bonds and municipal bonds with original maturities of 90 days or less. Fair value for cash equivalents was determined based on Level 1 inputs.
Deferred Compensation	Deferred CompensationThe Five Below, Inc. Nonqualified Deferred Compensation Plan (the "Deferred Comp Plan") and a related, irrevocable grantor trust (the "Trust") provides eligible key crew 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 Deferred Comp 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.
Revenue Transactions	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, ASU 2014-09 "Revenue from Contracts with Customers," the Company has elected to exclude all sales taxes collected from customers and remitted to governmental authorities from net sales in the accompanying consolidated statements of operations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 29, 2023
Accounting Policies [Abstract]
Schedule of securities held-to-maturity	Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands): As of April 29, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 88,241 $ — $ 35 $ 88,206 Total $ 88,241 $ — $ 35 $ 88,206 As of January 28, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 66,845 $ — $ 292 $ 66,553 Total $ 66,845 $ — $ 292 $ 66,553 As of April 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 159,145 $ — $ 1,134 $ 158,011 Municipal bonds 29,995 — 64 29,931 Total $ 189,140 $ — $ 1,198 $ 187,942 Long-term: Corporate bonds $ 10,182 $ — $ 205 $ 9,977 Total $ 10,182 $ — $ 205 $ 9,977

Revenue from Contracts With C_2

Revenue from Contracts With Customers (Tables)	3 Months Ended
	Apr. 29, 2023
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 snack and seasonal (dollars in thousands): Thirteen Weeks Ended Thirteen Weeks Ended April 29, 2023 April 30, 2022 Amount Percentage of Net Sales Amount Percentage of Net Sales Leisure (1) $ 350,201 48.2 % $ 320,379 50.1 % Fashion and home 195,832 27.0 % 174,234 27.2 % Snack and seasonal (1) 180,214 24.8 % 144,983 22.7 % Total $ 726,247 100.0 % $ 639,596 100.0 % (1) Due to realignment of certain products, there was a minor adjustment to historical sales by product group.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 29, 2023
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 Lease Cost April 29, 2023 April 30, 2022 Operating lease cost $ 62,346 $ 55,164 Variable lease cost 18,210 15,625 Net lease cost* $ 80,556 $ 70,789 Thirteen Weeks Ended April 29, 2023 April 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Cash payments arising from operating lease liabilities (1) $ 58,764 $ 50,531 Supplemental non-cash information: Operating lease liabilities arising from obtaining right-of-use assets $ 57,182 $ 98,333 (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 April 29, 2023 (in thousands): Maturity of Lease Liabilities Operating Leases 2023 $ 207,875 2024 266,213 2025 251,725 2026 236,042 2027 214,289 After 2027 643,952 Total lease payments 1,820,096 Less: imputed interest 302,173 Present value of lease liabilities $ 1,517,923

Income Per Common Share (Tables

Income Per Common Share (Tables)	3 Months Ended
	Apr. 29, 2023
Earnings Per Share [Abstract]
Computations Of Basic And Diluted Income (Loss) Per Share	The following table reconciles net income and the weighted average common shares outstanding used in the computations of basic and diluted income per common share (in thousands, except for share and per share data): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Numerator: Net income $ 37,478 $ 32,718 Denominator: Weighted average common shares outstanding - basic 55,650,375 55,647,200 Dilutive impact of options, restricted stock units and employee stock purchase plan 126,635 187,087 Weighted average common shares outstanding - diluted 55,777,010 55,834,287 Per common share: Basic income per common share $ 0.67 $ 0.59 Diluted income per common share $ 0.67 $ 0.59

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Apr. 29, 2023
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Stock option activity during the thirteen weeks ended April 29, 2023 was as follows: Options Weighted Weighted Balance as of January 28, 2023 18,026 $ 34.92 1.8 Granted — — Forfeited — — Exercised (600) 40.03 Balance as of April 29, 2023 17,426 34.75 1.6 Exercisable as of April 29, 2023 17,426 $ 34.75 1.6
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	RSU and PSU activity during the thirteen weeks ended April 29, 2023 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 28, 2023 226,389 $ 142.20 458,062 $ 163.56 Granted 56,405 200.68 125,706 245.19 Vested (51,269) 137.16 (157,192) 151.73 Forfeited (8,853) 149.20 (119,026) 156.71 Non-vested balance as of April 28, 2023 222,672 $ 157.89 307,550 $ 205.63

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The following table summarizes the Company’s income tax expense and effective tax rates for the thirteen weeks ended April 29, 2023 and April 30, 2022 (dollars in thousands): Thirteen Weeks Ended April 29, 2023 April 30, 2022 Income before income taxes $ 46,059 $ 42,092 Income tax expense $ 8,581 $ 9,374 Effective tax rate 18.6 % 22.3 %

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Nature of Business) (Details)	3 Months Ended
	Apr. 29, 2023 USD ($) Stores state	Apr. 30, 2022 Stores
Accounting Policies [Abstract]
Products offering price, maximum price | $	$ 5
Number of states in which entity operates (state) | state	43
Number of company operated stores | Stores	1,367	1,225
Deferred compensation, maximum amount of eligible compensation as a percentage of gross pay	80%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Significant Accounting Policies [Line Items]
Amortized Cost	$ 88,241	$ 66,845	$ 189,140
Gross Unrealized Gains	0	0	0
Gross Unrealized Losses	35	292	1,198
Fair Market Value	88,206	66,553	187,942
Fair Value, Inputs, Level 1
Significant Accounting Policies [Line Items]
Cash equivalents	322,000	313,200	50,700
Corporate bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost	88,241	66,845	159,145
Gross Unrealized Gains	0	0	0
Gross Unrealized Losses	35	292	1,134
Fair Market Value	$ 88,206	$ 66,553	158,011
Municipal bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost			29,995
Gross Unrealized Gains			0
Gross Unrealized Losses			64
Fair Market Value			29,931
Corporate bonds | Fair Value, Inputs, Level 2
Significant Accounting Policies [Line Items]
Amortized Cost			10,182
Gross Unrealized Gains			0
Gross Unrealized Losses			205
Fair Market Value			9,977
Other Long-term Investments
Significant Accounting Policies [Line Items]
Amortized Cost			10,182
Gross Unrealized Gains			0
Gross Unrealized Losses			205
Fair Market Value			$ 9,977

Summary of Significant Accoun_6

Summary of Significant Accounting Policies Prepaid expenses and OCA (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Accounting Policies [Abstract]
Prepaid expense	$ 30.3	$ 25.9	$ 29.4
Other current assets	$ 86.4	$ 104.7	$ 57.9

Summary of Significant Accoun_7

Summary of Significant Accounting Policies Other Accrued Expenses (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Accounting Policies [Abstract]
Other accrued expenses	$ 40	$ 43.6	$ 29.3

Revenue from Contracts With C_3

Revenue from Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Net sales	$ 726,247	$ 639,596
Net sales as a percentage of net sales	100%	100%
Leisure
Net sales	$ 350,201	$ 320,379
Net sales as a percentage of net sales	48.20%	50.10%
Fashion and home
Net sales	$ 195,832	$ 174,234
Net sales as a percentage of net sales	27%	27.20%
Snack and seasonal
Net sales	$ 180,214	$ 144,983
Net sales as a percentage of net sales	24.80%	22.70%

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Apr. 29, 2023 USD ($) lease	Apr. 30, 2022
Leases [Abstract]
Number of leases (lease) | lease	95
Lessee, operating lease, term of contracts (years)	10 years
Long-term purchase commitment, amount | $	$ 154.3
Operating lease, weighted average remaining lease term (years)	7 years 3 months 18 days	7 years 9 months 18 days
Operating lease, weighted average discount rate, percent	5.30%	5.20%

Leases - Components of Net Leas

Leases - Components of Net Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Leases [Abstract]
Operating lease cost	$ 62,346	$ 55,164
Variable lease cost	18,210	15,625
Net lease cost*	$ 80,556	$ 70,789

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities Under Operating Leases (Details) $ in Thousands	Apr. 29, 2023 USD ($)
Leases [Abstract]
2023	$ 207,875
2024	266,213
2025	251,725
2026	236,042
2027	214,289
After 2027	643,952
Total lease payments	1,820,096
Less: imputed interest	302,173
Present value of lease liabilities	$ 1,517,923

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Cash payments arising from operating lease liabilities	$ 58,764	$ 50,531
Supplemental non-cash information:
Operating lease liabilities arising from obtaining right-of-use assets	$ 57,182	$ 98,333

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
	Apr. 29, 2023	Apr. 30, 2022
Numerator:
Net income	$ 37,478	$ 32,718
Denominator:
Weighted-average common shares outstanding - basic (shares)	55,650,375	55,647,200
Dilutive impact of options, restricted stock units and employee stock purchase plan (shares)	126,635	187,087
Weighted average common share outstanding - diluted (shares)	55,777,010	55,834,287
Per common share:
Basic income per common share (dollars per share)	$ 0.67	$ 0.59
Diluted income per common share (dollars per share)	$ 0.67	$ 0.59

Income Per Common Share (Narrat

Income Per Common Share (Narrative) (Details) - shares	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
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	18,506	18,449

Line of Credit (Line of Credit)

Line of Credit (Line of Credit) (Details) - Line of Credit - Amended Revolving Credit Facility - USD ($)	Sep. 16, 2022	Apr. 29, 2023
Debt Instrument [Line Items]
Revolving credit facility maximum borrowings	$ 225,000,000
Line of credit facility, accordion feature, increase limit	150,000,000
Maximum allowed to be borrowed based on available cash balance	$ 50,000,000
Minimum availability of aggregate commitments and loan cap required, percent	12.50%
Minimum availability of loan cap after stepdown date required, percent	10%
Minimum availability of loan cap, percentage of availability (in excess of)	15%
Period required for availability of loan cap requirement	60 days
Line of credit facility, current borrowing capacity		$ 0
Line of credit facility, remaining borrowing capacity		$ 225,000,000
Minimum
Debt Instrument [Line Items]
Commitment fee percentage	1.125%
Maximum
Debt Instrument [Line Items]
Commitment fee percentage	1.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.12%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.50%
Base Rate | Minimum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	0.125%
Base Rate | Maximum
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	0.50%

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) $ in Millions	Apr. 29, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase commitment, remaining minimum amount committed	$ 17.1

Share-Based Compensation (2002

Share-Based Compensation (2002 Equity Incentive Plan) (Details) - 2002 Equity Incentive Plan - shares	Apr. 29, 2023	Jun. 14, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (shares)		4,300,000
Stock options and restricted shares available for grant (shares)	3,400,000

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Stock Option Activity Under Plan) (Details) - $ / shares	3 Months Ended	12 Months Ended
	Apr. 29, 2023	Jan. 28, 2023
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)	18,026
Options outstanding, Granted (shares)	0
Options outstanding, Forfeited (shares)	0
Options outstanding, Exercised (shares)	(600)
Options outstanding, Balance (shares)	17,426	18,026
Options outstanding, Exercisable (shares)	17,426
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)	$ 34,920
Weighted average exercise price, Granted(dollars per share)	0
Weighted average exercise price, Forfeited (dollars per share)	0
Weighted average exercise price, Exercised (dollars per share)	40,030
Weighted average exercise price, Balance (dollars per share)	34.75	$ 34,920
Weighted average exercise price, Exercisable (in dollars per share)	$ 34.75
Weighted Average Remaining Contractual Term (in years)	1 year 7 months 6 days	1 year 9 months 18 days
Weighted Average Remaining Contractual Term, Exercisable	1 year 7 months 6 days

Share-Based Compensation (Share

Share-Based Compensation (Share-Based Compensation Valuation of Stock Options) (Details)	3 Months Ended
	Apr. 29, 2023 shares
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 ($)	3 Months Ended		12 Months Ended		62 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	Jan. 28, 2023	Jan. 29, 2022	Apr. 29, 2023
Number
Forfeited (shares)	0
Weighted-Average Grant Date Fair Value
Repurchase and retirement of common stock		$ 40,007,000	$ 40	$ 60,000,000	$ 150,000,000
Unrecognized compensation costs related to non-vested share-based compensation	$ 50,500,000				$ 50,500,000
Compensation cost not yet recognized, period for recognition (years)	2 years 8 months 12 days
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
Restricted Stock Units
Number
Non-vested balance, beginning balance	226,389
Granted (shares)	56,405
Vested (shares)	(51,269)
Forfeited (shares)	(8,853)
Non-vested balance, ending balance	222,672		226,389		222,672
Weighted-Average Grant Date Fair Value
Non-vested balance, beginning balance (dollars per share)	$ 142.20
Granted (dollars per share)	200.68
Vested (dollars per share)	137.16
Forfeited (dollars per share)	149.20
Non-vested balance, ending balance (dollars per share)	$ 157.89		$ 142.20		$ 157.89
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)	4 years
Performance-Based Restricted Stock Units
Number
Non-vested balance, beginning balance	458,062
Granted (shares)	125,706
Vested (shares)	(157,192)
Forfeited (shares)	(119,026)
Non-vested balance, ending balance	307,550		458,062		307,550
Weighted-Average Grant Date Fair Value
Non-vested balance, beginning balance (dollars per share)	$ 163.56
Granted (dollars per share)	245.19
Vested (dollars per share)	151.73
Forfeited (dollars per share)	156.71
Non-vested balance, ending balance (dollars per share)	$ 205.63		$ 163.56		$ 205.63
Treasury Stock | Restricted Stock Units And Performance-Based Restricted Stock Units
Weighted-Average Grant Date Fair Value
Shares withheld for taxes (shares)	81,622	26,151
Additional paid-in capital
Weighted-Average Grant Date Fair Value
Repurchase and retirement of common stock		$ 40,005,000
Additional paid-in capital | Restricted Stock Units And Performance-Based Restricted Stock Units
Weighted-Average Grant Date Fair Value
Repurchase and retirement of common stock	$ 15,900,000	$ 4,100,000

Share-Based Compensation (Sha_2

Share-Based Compensation (Share Repurchase Program) (Details) - USD ($)	3 Months Ended	12 Months Ended		62 Months Ended
	Apr. 30, 2022	Jan. 28, 2023	Jan. 29, 2022	Apr. 29, 2023	Jun. 14, 2022	Mar. 09, 2021	Mar. 20, 2018
Share-based Payment Arrangement [Abstract]
Authorized amount					$ 100,000,000	$ 100,000,000	$ 100,000,000
Repurchase and retirement of common stock (in shares)		247,132	368,699	1,100,000
Repurchase and retirement of common stock	$ 40,007,000	$ 40	$ 60,000,000	$ 150,000,000
Average price (dollars per share)		$ 161.88	$ 162.75

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Income before income taxes	$ 46,059	$ 42,092
Income tax expense	$ 8,581	$ 9,374
Effective tax rate	18.60%	22.30%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	May 01, 2021
Income Tax [Line Items]
Accrual for uncertain tax, interest or penalties	$ 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