Five Below (FIVE) 10-Q 2 Dec 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 29, 2016	Dec. 01, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 29, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	FIVE
Entity Registrant Name	Five Below, Inc.
Entity Central Index Key	1,177,609
Current Fiscal Year End Date	--01-28
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		54,882,880

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016	Oct. 31, 2015
Current assets:
Cash and cash equivalents	$ 53,537	$ 53,081	$ 18,083
Short-term investment securities	9,912	46,335	0
Inventories	228,175	148,370	213,635
Prepaid income taxes	5,789	1,341	10,328
Prepaid expenses and other current assets	33,200	15,618	24,698
Total current assets	330,613	264,745	266,744
Property and equipment, net of accumulated depreciation and amortization of $80,522, $74,395 and $63,573, respectively.	135,939	119,784	119,974
Deferred income taxes	9,045	8,507	10,349
Other assets	1,312	258	318
Total assets	476,909	393,294	397,385
Current liabilities:
Line of credit	0	0	0
Accounts payable	104,684	58,225	110,135
Income taxes payable	126	11,942	239
Accrued salaries and wages	8,677	7,661	6,170
Other accrued expenses	32,051	24,368	34,504
Total current liabilities	145,538	102,196	151,048
Deferred rent and other	53,220	46,617	46,850
Total liabilities	198,758	148,813	197,898
Commitments and contingencies (note 4)
Shareholders’ equity:
Common stock, $0.01 par value. Authorized 120,000,000 shares; issued and outstanding 54,724,935, 54,590,641 and 54,478,408 shares, respectively.	549	546	545
Additional paid-in capital	318,137	306,522	303,533
Accumulated deficit	(40,535)	(62,587)	(104,591)
Total shareholders’ equity	278,151	244,481	199,487
Total liabilities and shareholders' equity (deficit)	$ 476,909	$ 393,294	$ 397,385

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016	Oct. 31, 2015
Statement of Financial Position [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 93,312	$ 74,395	$ 70,751
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	120,000,000	120,000,000	120,000,000
Common stock, shares issued	54,879,306	54,590,641	54,547,358
Common stock, shares outstanding	54,879,306	54,590,641	54,547,358

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Income Statement [Abstract]
Other Nonoperating Income (Expense)	$ 0	$ 0	$ 0	$ 325
Net sales	199,475	169,685	612,320	505,603
Cost of goods sold	135,472	116,920	414,700	345,851
Gross profit	64,003	52,765	197,620	159,752
Selling, general and administrative expenses	55,372	45,768	162,523	134,177
Operating income	8,631	6,997	35,097	25,575
Interest income (expense), net	64	23	211	12
Income before income taxes	8,695	7,020	35,308	25,262
Income tax expense	3,248	2,683	13,256	9,586
Net income	$ 5,447	$ 4,337	$ 22,052	$ 15,676
Basic (loss) income per common share (dollars per share)	$ 0.10	$ 0.08	$ 0.40	$ 0.29
Diluted (loss) income per common share (dollars per share)	$ 0.10	$ 0.08	$ 0.40	$ 0.29
Weighted average shares outstanding:
Basic shares	54,871,172	54,529,403	54,809,768	54,525,797
Diluted shares	55,170,686	54,833,252	55,100,534	54,811,978

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - 9 months ended Oct. 29, 2016 - USD ($) $ in Thousands	Total	Common stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated deficit [Member]
Balance at Jan. 30, 2016	$ 244,481	$ 546		$ 306,522	$ (62,587)
Balance, common stock, shares at Jan. 30, 2016	54,590,641	54,590,641
Share-based compensation expense	$ 8,790			8,790	0
Issuance of unrestricted stock awards (in shares)		4,922
Issuance of unrestricted stock awards	$ 210	$ 0		210	0
Exercise of options to purchase common stock (in shares)	208,821	208,821
Exercise of options to purchase common stock	$ 2,736	$ 2		2,734	0
Vesting of restricted and performance-based stock units (in shares)		117,543
Restricted Stock or Unit Expense	1	$ 1
Common shares withheld for taxes (in shares)			(44,595)
Common shares withheld for taxes	(1,819)			(1,819)
Excess tax benefit related to exercises of stock options	1,607			1,607
Net income	22,052				22,052
Balance at Oct. 29, 2016	$ 278,151	$ 549		318,137	$ (40,535)
Balance, common stock, shares at Oct. 29, 2016	54,879,306	54,879,306
Stock Issued During Period, Shares, Employee Stock Purchase Plans		1,974
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$ 93			$ 93

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
Statement of Cash Flows [Abstract]
Proceeds from Issuance Initial Public Offering	$ 93	$ 81
Operating activities:
Net income	22,052	15,676
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	19,449	16,126
Share-based compensation expense	9,014	8,400
Deferred income tax benefit	(538)	(2,468)
Other non-cash expenses	53	47
Changes in operating assets and liabilities:
Prepaid income taxes	(4,448)	(8,389)
Inventories	(79,805)	(97,983)
Prepaid expenses and other assets	(18,656)	(6,572)
Accounts payable	47,240	64,971
Income taxes payable	(11,816)	(14,203)
Accrued salaries and wages	1,016	895
Deferred rent	7,623	6,916
Other accrued expenses	5,946	15,078
Net cash used in operating activities	(2,870)	(1,506)
Investing activities:
Purchases of investment securities	(35,856)	0
Sales, maturities, and redemptions of investment securities	72,279	0
Capital expenditures	(35,714)	(44,749)
Net cash used in investing activities	709	(44,749)
Financing activities:
Proceeds from exercise of options to purchase common stock	2,736	811
Common shares withheld for taxes	(1,819)	(322)
Excess tax benefit related to exercises of stock options	1,607	582
Net cash provided by financing activities	2,617	1,152
Net decrease in cash and cash equivalents	456	(45,103)
Cash and cash equivalents at beginning of period	53,081	63,186
Cash and cash equivalents at end of period	53,537	18,083
Supplemental disclosures of cash flow information:
Decrease in accrued purchases of property and equipment	$ (80)	$ (4,380)

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 29, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Summary of Significant Accounting Policies (a) Nature of Business Five Below, Inc. (collectively with its wholly owned subsidiary as the "Company") is a specialty value retailer offering merchandise targeted at the teen and pre-teen demographic. The Company offers an edited assortment of products, priced at $5 and below. In August 2016, the Company commenced selling merchandise on the internet, through the Company's fivebelow.com e-commerce website. 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 29, 2016 , operated in 31 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 and Minnesota. As of October 29, 2016 and October 31, 2015 , the Company operated 517 stores and 434 stores, respectively, each operating under the name “Five Below.” (b) Fiscal Year The Company operates on a 52/53-week fiscal year ending on the Saturday closest to January 31. References to "fiscal year 2016" or "fiscal 2016" refer to the period from January 31, 2016 to January 28, 2017 and consists of a 52-week fiscal year. References to "fiscal year 2015" or "fiscal 2015" refer to the period from February 1, 2015 to January 30, 2016 and consists of a 52-week fiscal year. The fiscal quarters ended October 29, 2016 and October 31, 2015 refer to the thirteen weeks ended as of those dates. The year-to-date periods ended October 29, 2016 and October 31, 2015 refer to the thirty-nine weeks ended as of those dates. (c) Basis of Presentation The consolidated balance sheets as of October 29, 2016 and October 31, 2015 , the consolidated statements of operations for the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015 , the consolidated statement of shareholders’ equity for the thirty-nine weeks ended October 29, 2016 and the consolidated statements of cash flows for the thirty-nine weeks ended October 29, 2016 and October 31, 2015 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 29, 2016 and October 31, 2015 . The balance sheet as of January 30, 2016 , presented herein, has been derived from the audited balance sheet included in the Company's Annual Report on Form 10-K for fiscal 2015 as filed with the Securities and Exchange Commission on March 24, 2016 and referred to herein as the “Annual Report,” but does not include all annual disclosures required by U.S. GAAP. These consolidated financial statements should be read in conjunction with the financial statements for the fiscal year ended January 30, 2016 and footnotes thereto included in the Annual Report. The consolidated results of operations for the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015 are not necessarily indicative of the consolidated operating results for the year ending January 28, 2017 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. (d) Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 clarifies the principles for recognizing revenue from contracts with customers. The update outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contract with Customers: Deferral of the Effective Date." ASU 2015-14 deferred the effective date of the ASU to fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods. In the first six months of fiscal 2016, the FASB issued guidance clarifying the interpretation of certain principles of ASU 2014-09. Companies may use either a full retrospective approach or a modified retrospective approach to adopt this ASU. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." ASU 2015-17 simplifies the presentation of deferred income taxes by requiring deferred tax assets and liabilities be classified as noncurrent on the balance sheet. The updated guidance is effective for interim and annual periods beginning after December 15, 2017, and early adoption is permitted. The Company elected to early adopt this guidance effective in the fourth quarter of fiscal 2015, and the Company retrospectively applied the change within the consolidated balance sheets. As a result of the retrospective adoption, the Company reclassified the October 31, 2015 consolidated balance sheet resulting in a reduction of $9.1 million in current deferred income tax assets and an increase in long term deferred income tax assets of $9.1 million . In February 2016, the FASB issued ASU 2016-02, “Leases.” ASU 2016-02 requires that lease arrangements longer than 12 months result in an entity recognizing an asset and liability. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." ASU No. 2016-09 affects all entities that issue share-based payment awards to their employees. This accounting standards update makes several modifications to the accounting for employee share-based payment transactions, including the requirement that the excess income tax benefits or deficiencies that arise when the tax consequences of share-based compensation differ from amounts previously recognized in the statement of income be recognized as income tax benefit or expense in the statement of income rather than as additional paid-in capital in the balance sheet. The guidance also clarifies the classification of components of share-based awards on the statement of cash flows such that excess income tax benefits should not be presented separately from other income taxes in the statement of cash flows and, thus, should be classified as an operating activity rather than a financing activity as they are under the current guidance. ASU 2016-09 is effective for financial statements issued for annual reporting periods beginning after December 15, 2016 and interim periods within those years. Earlier application is permitted. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. Use of Estimates The preparation of the consolidated financial statements requires management of the Company to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, valuation allowances for inventories, income taxes and share-based compensation expense. (f) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation at the measurement date: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Inputs, other than Level 1, that are either directly or indirectly observable. Level 3: Unobservable inputs developed using the Company’s estimates and assumptions which reflect those that market participants would use. The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement. The Company’s financial instruments consist primarily of cash equivalents, short-term investment securities, accounts payable, and borrowings, if any, under a line of credit. The Company believes that: (1) the carrying value of cash equivalents and accounts payable are representative of their respective fair value due to the short-term nature of these instruments; and (2) the carrying value of the borrowings, if any, under the line of credit approximates fair value because the line of credit’s interest rates vary with market interest rates. Under the fair value hierarchy, the fair market values of the short-term investments in corporate bonds are level 1 while the short-term investments in certificates of deposits and municipals 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 29, 2016 , January 30, 2016 , and October 31, 2015 , the Company had cash equivalents of $35.8 million , $22.6 million and $4.6 million , respectively. The Company’s cash equivalents consist of credit and debit card receivables, money market funds, certificates of deposit, and short-term municipal bonds. Fair value for cash equivalents was determined based on Level 1 inputs. As of October 29, 2016 and January 30, 2016 , the Company's short-term 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 29, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 6,366 $ — $ 7 $ 6,359 Municipal bonds 3,546 — 1 3,545 Total $ 9,912 $ — $ 8 $ 9,904 As of January 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 37,127 $ — $ 29 $ 37,098 Certificates of deposit 6,916 6 — 6,923 Municipal bonds 2,291 — — 2,291 Total $ 46,335 $ 6 $ 29 $ 46,312 Investment securities as of October 29, 2016 and January 30, 2016 all mature in one year or less.

Income (Loss) Per Common Share

Income (Loss) Per Common Share	9 Months Ended
	Oct. 29, 2016
Earnings Per Share [Abstract]
Income (Loss) 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 exercise of stock options as well as assumed lapse of restrictions on restricted stock awards and shares currently available for purchase under the Company's Employee Stock Purchase Plan, using the treasury stock method. Performance-based restricted stock units are considered contingently issuable shares for diluted income per common share purposes and the dilutive impact, if any, is not included in the weighted-average shares until the performance conditions are met. The following table reconciles net income 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 Thirty-Nine Weeks Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Numerator: Net income $ 5,447 $ 4,337 $ 22,052 $ 15,676 Denominator: Weighted average common shares outstanding - basic 54,871,172 54,529,403 54,809,768 54,525,797 Dilutive impact of options, restricted stock units and employee stock purchase plan 299,514 303,849 290,766 286,181 Weighted average common shares outstanding - diluted 55,170,686 54,833,252 55,100,534 54,811,978 Per common share: Basic income per common share $ 0.10 $ 0.08 $ 0.40 $ 0.29 Diluted income per common share $ 0.10 $ 0.08 $ 0.40 $ 0.29 The effects of the assumed exercise of stock options for 61,611 and 196,042 shares of common stock for the thirteen and thirty-nine weeks ended October 29, 2016 , respectively, were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive. The effects of the assumed exercise of restricted stock units for 1,376 shares of common stock for the thirty-nine weeks ended October 29, 2016 were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive. The effects of the assumed exercise of stock options for 710,383 and 705,943 shares of common stock for the thirteen and thirty-nine weeks ended October 31, 2015 , respectively, were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive. The aforementioned excluded shares do not reflect the impact of any incremental repurchases under the treasury stock method.

Line of Credit

Line of Credit	9 Months Ended
	Oct. 29, 2016
Debt Disclosure [Abstract]
Financing Transactions, Line of Credit and Note Payable	Line of Credit The Company has a revolving credit facility (the "Revolving Credit Facility") that allows maximum borrowings of $20.0 million with advances tied to a borrowing base and expires on the earliest to occur of (i) May 16, 2017 or (ii) upon the occurrence of an event of default. The Revolving Credit Facility may be increased to $30.0 million upon certain conditions. The Revolving Credit Facility includes a $5.0 million sub-limit for the issuance of letters of credit. The borrowing base is 90% of eligible credit card receivables plus 90% of the net recovery percentage of eligible inventory less established reserves. The Revolving Credit Facility provides for interest on borrowings, at the Company's option, at (a) a prime rate plus a margin of (i) 0.75% if excess availability is greater than or equal to 75% , (ii) 1.0% if excess availability is less than 75% but greater than or equal to 33% or (iii) 1.25% if excess availability is less than 33% or (b) a LIBOR-based rate plus a margin of (i) 1.75% if excess availability is greater than or equal to 75% , (ii) 2.00% if excess availability is less than 75% but greater than or equal to 33% or (iii) 2.25% if excess availability is less than 33% . The Revolving Credit Facility further provides for a letter of credit fee equal to the LIBOR-based rate plus (i) 1.75% if excess availability is greater than or equal to 75% , (ii) 2.00% if excess availability is less than 75% but greater than or equal to 33% or (iii) 2.25% if excess availability is less than 33% . The Revolving Credit Facility also contains an unused credit facility fee of 0.375% per annum and is subject to a servicing fee of approximately $12.0 thousand per year. The Revolving Credit Facility includes a covenant which requires the Company to maintain minimum excess collateral availability of no less than the greater of (i) 10% of the then effective maximum credit and (ii) $3.0 million . The Revolving Credit Facility also includes customary negative and affirmative covenants including, among others, limitations on the Company's ability to (i) incur additional debt; (ii) create liens; (iii) make certain investments, loans and advances; (iv) sell assets; (v) pay dividends or make distributions or other restricted payments; (vi) engage in mergers or consolidations; or (vii) change the Company's business. Additionally, the Revolving Credit Facility is subject to payment upon the receipt of certain proceeds, including those from the sale of certain assets, and is subject to an increase in the interest rate on borrowings and the letter of credit fee of 2.0% upon an event of default. Amounts under the Revolving Credit Facility may become due upon certain events of default including, among others, failure to comply with the Revolving Credit Facility’s covenants, bankruptcy, default on certain other indebtedness or a change in control. As of October 29, 2016 , the Company had approximately $20.0 million available on the line of credit of which $19.6 million was available and $0.4 million was issued on an outstanding letter of credit obligation. All obligations under the Revolving Credit Facility are secured by substantially all of the Company's assets and are guaranteed by the Company's subsidiary. As of October 29, 2016 and October 31, 2015 , the Company was in compliance with the covenants applicable to it under the Revolving Credit Facility.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 29, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Leases The Company leases property and equipment under non-cancelable operating leases. Certain retail store lease agreements provide for contingent rental payments if the store’s net sales exceed stated levels (percentage rents) and/or contain escalation clauses, which provide for increases in base rental for increases in future operating costs. Many of the Company’s leases provide for one or more renewal options for periods of five years . The Company’s operating lease agreements, including assumed extensions, which are generally those that take the lease to a ten -year term, expire through fiscal 2031. During the thirteen weeks ended October 29, 2016 , the Company committed to 26 new store leases with terms of 10 years that have future minimum lease payments of approximately $52.4 million . In September 2016, the Company signed a 15-year lease for a new corporate headquarters location in Philadelphia, Pennsylvania to accommodate the Company’s current and anticipated future growth. The Company expects to initially occupy approximately 110,000 square feet of office space in early 2018 and expects to expand into approximately 20,000 square feet of additional office space by no later than 2023. The lease agreement has future minimum lease payments of approximately $54 million and expires in March 2033 with options to renew for two successive five-year periods. Other contractual commitments As of October 29, 2016 , the Company has other purchase commitments of approximately $2.7 million consisting of purchase agreements for materials that will be used in the construction of new stores. Contingencies Legal Matters From time to time, the Company is involved in certain legal actions arising in the ordinary course of business. In management’s opinion, the outcome of such actions will not have a material adverse effect on the Company’s financial condition or results of operations.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [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 7,600,000 shares under the Plan. As of October 29, 2016 , 3,599,083 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 compensation committee of the Company’s board of directors. Options granted to date generally vest over four years from the date of grant. Stock option activity under the Plan was as follows: Options Weighted Weighted Balance as of January 30, 2016 1,088,674 $ 26.31 7.5 Granted 51,611 39.30 Forfeited (33,364 ) 37.16 Exercised (208,821 ) 13.09 Balance as of October 29, 2016 898,100 29.73 6.9 Exercisable as of October 29, 2016 532,191 $ 26.45 6.2 The fair value of each option award granted to employees, including outside directors, is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: Thirteen Weeks Ended October 29, 2016 October 31, 2015 Expected volatility 47.6 % 47.0 % Risk-free interest rate 1.6 % 1.8 % Expected life of options 6.4 years 6.4 years Expected dividend yield — % — % The Company uses the simplified method to estimate the expected term of the option. The expected volatility incorporates historical and implied volatility of similar entities whose share prices are publicly available. The risk-free rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The per-share weighted average grant-date fair value of stock options granted for the thirty-nine weeks ended October 29, 2016 and October 31, 2015 was $18.89 and $13.67 , respectively. 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. RSU's granted to date have vesting periods ranging from less than one year to five years from the date of grant. PSU's granted to date have vesting periods ranging from one year to five years from the date of grant, including grants that have a cumulative three year performance period, subject to satisfaction of the applicable performance goals established for the respective grant. The Company periodically assesses the probability of achievement of the performance criteria and adjusts the amount of compensation expense accordingly. Compensation is recognized over the vesting period and adjusted for the probability of achievement of the performance criteria. RSU and PSU activity during the thirty-nine weeks ended October 29, 2016 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, 2016 211,682 $ 33.47 477,463 $ 36.48 Granted 127,787 41.33 127,160 39.22 Vested (40,283 ) 38.53 (77,260 ) 38.83 Forfeited (17,678 ) 34.71 (9,122 ) 32.88 Non-vested balance as of October 29, 2016 281,508 $ 36.23 518,241 $ 36.86 In connection with the vesting of RSU's and PSU's during the thirty-nine weeks ended October 29, 2016 , the Company withheld 44,595 shares with an aggregate value of $1.8 million in satisfaction of minimum tax withholding obligations due upon vesting. As of October 29, 2016 , there was $22.0 million of total unrecognized compensation costs related to non-vested share-based compensation arrangements (including stock options, restricted stock units and performance-based restricted stock units) granted under the Plan. That cost is expected to be recognized over a weighted average vesting period of 2.4 years.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 29, 2016
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 and thirty-nine weeks ended October 29, 2016 and October 31, 2015 (dollars in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Income before income taxes $ 8,695 $ 7,020 $ 35,308 $ 25,262 Income tax expense $ 3,248 $ 2,683 $ 13,256 $ 9,586 Effective tax rate 37.4 % 38.2 % 37.5 % 37.9 % The effective tax rates for the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015 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 and thirty-nine weeks ended October 29, 2016 was lower than the thirteen and thirty-nine weeks ended October 31, 2015 as a result of a change in the Company's average state tax rate. The Company had no material accrual for uncertain tax positions or interest or penalties related to income taxes on the Company’s balance sheets as of October 29, 2016 , January 30, 2016 , or October 31, 2015 and has not recognized any material uncertain tax positions or interest and/or penalties related to income taxes in the consolidated statements of operations for the thirteen and thirty-nine weeks ended October 29, 2016 or October 31, 2015 . 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, 2014 and thereafter remain subject to examination by the U.S. Internal Revenue Service (“IRS”). 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 3 to 4 years depending on the state.

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 29, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Summary of Significant Accounting Policies (a) Nature of Business Five Below, Inc. (collectively with its wholly owned subsidiary as the "Company") is a specialty value retailer offering merchandise targeted at the teen and pre-teen demographic. The Company offers an edited assortment of products, priced at $5 and below. In August 2016, the Company commenced selling merchandise on the internet, through the Company's fivebelow.com e-commerce website. 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 29, 2016 , operated in 31 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 and Minnesota. As of October 29, 2016 and October 31, 2015 , the Company operated 517 stores and 434 stores, respectively, each operating under the name “Five Below.” (b) Fiscal Year The Company operates on a 52/53-week fiscal year ending on the Saturday closest to January 31. References to "fiscal year 2016" or "fiscal 2016" refer to the period from January 31, 2016 to January 28, 2017 and consists of a 52-week fiscal year. References to "fiscal year 2015" or "fiscal 2015" refer to the period from February 1, 2015 to January 30, 2016 and consists of a 52-week fiscal year. The fiscal quarters ended October 29, 2016 and October 31, 2015 refer to the thirteen weeks ended as of those dates. The year-to-date periods ended October 29, 2016 and October 31, 2015 refer to the thirty-nine weeks ended as of those dates. (c) Basis of Presentation The consolidated balance sheets as of October 29, 2016 and October 31, 2015 , the consolidated statements of operations for the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015 , the consolidated statement of shareholders’ equity for the thirty-nine weeks ended October 29, 2016 and the consolidated statements of cash flows for the thirty-nine weeks ended October 29, 2016 and October 31, 2015 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 29, 2016 and October 31, 2015 . The balance sheet as of January 30, 2016 , presented herein, has been derived from the audited balance sheet included in the Company's Annual Report on Form 10-K for fiscal 2015 as filed with the Securities and Exchange Commission on March 24, 2016 and referred to herein as the “Annual Report,” but does not include all annual disclosures required by U.S. GAAP. These consolidated financial statements should be read in conjunction with the financial statements for the fiscal year ended January 30, 2016 and footnotes thereto included in the Annual Report. The consolidated results of operations for the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015 are not necessarily indicative of the consolidated operating results for the year ending January 28, 2017 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. (d) Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 clarifies the principles for recognizing revenue from contracts with customers. The update outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contract with Customers: Deferral of the Effective Date." ASU 2015-14 deferred the effective date of the ASU to fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods. In the first six months of fiscal 2016, the FASB issued guidance clarifying the interpretation of certain principles of ASU 2014-09. Companies may use either a full retrospective approach or a modified retrospective approach to adopt this ASU. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." ASU 2015-17 simplifies the presentation of deferred income taxes by requiring deferred tax assets and liabilities be classified as noncurrent on the balance sheet. The updated guidance is effective for interim and annual periods beginning after December 15, 2017, and early adoption is permitted. The Company elected to early adopt this guidance effective in the fourth quarter of fiscal 2015, and the Company retrospectively applied the change within the consolidated balance sheets. As a result of the retrospective adoption, the Company reclassified the October 31, 2015 consolidated balance sheet resulting in a reduction of $9.1 million in current deferred income tax assets and an increase in long term deferred income tax assets of $9.1 million . In February 2016, the FASB issued ASU 2016-02, “Leases.” ASU 2016-02 requires that lease arrangements longer than 12 months result in an entity recognizing an asset and liability. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." ASU No. 2016-09 affects all entities that issue share-based payment awards to their employees. This accounting standards update makes several modifications to the accounting for employee share-based payment transactions, including the requirement that the excess income tax benefits or deficiencies that arise when the tax consequences of share-based compensation differ from amounts previously recognized in the statement of income be recognized as income tax benefit or expense in the statement of income rather than as additional paid-in capital in the balance sheet. The guidance also clarifies the classification of components of share-based awards on the statement of cash flows such that excess income tax benefits should not be presented separately from other income taxes in the statement of cash flows and, thus, should be classified as an operating activity rather than a financing activity as they are under the current guidance. ASU 2016-09 is effective for financial statements issued for annual reporting periods beginning after December 15, 2016 and interim periods within those years. Earlier application is permitted. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. Use of Estimates The preparation of the consolidated financial statements requires management of the Company to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, valuation allowances for inventories, income taxes and share-based compensation expense. (f) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation at the measurement date: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Inputs, other than Level 1, that are either directly or indirectly observable. Level 3: Unobservable inputs developed using the Company’s estimates and assumptions which reflect those that market participants would use. The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement. The Company’s financial instruments consist primarily of cash equivalents, short-term investment securities, accounts payable, and borrowings, if any, under a line of credit. The Company believes that: (1) the carrying value of cash equivalents and accounts payable are representative of their respective fair value due to the short-term nature of these instruments; and (2) the carrying value of the borrowings, if any, under the line of credit approximates fair value because the line of credit’s interest rates vary with market interest rates. Under the fair value hierarchy, the fair market values of the short-term investments in corporate bonds are level 1 while the short-term investments in certificates of deposits and municipals 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 29, 2016 , January 30, 2016 , and October 31, 2015 , the Company had cash equivalents of $35.8 million , $22.6 million and $4.6 million , respectively. The Company’s cash equivalents consist of credit and debit card receivables, money market funds, certificates of deposit, and short-term municipal bonds. Fair value for cash equivalents was determined based on Level 1 inputs. As of October 29, 2016 and January 30, 2016 , the Company's short-term 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 29, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 6,366 $ — $ 7 $ 6,359 Municipal bonds 3,546 — 1 3,545 Total $ 9,912 $ — $ 8 $ 9,904 As of January 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 37,127 $ — $ 29 $ 37,098 Certificates of deposit 6,916 6 — 6,923 Municipal bonds 2,291 — — 2,291 Total $ 46,335 $ 6 $ 29 $ 46,312 Investment securities as of October 29, 2016 and January 30, 2016 all mature in one year or less.
Nature of Business	Nature of Business Five Below, Inc. (collectively with its wholly owned subsidiary as the "Company") is a specialty value retailer offering merchandise targeted at the teen and pre-teen demographic. The Company offers an edited assortment of products, priced at $5 and below. In August 2016, the Company commenced selling merchandise on the internet, through the Company's fivebelow.com e-commerce website. 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 29, 2016 , operated in 31 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 and Minnesota. As of October 29, 2016 and October 31, 2015 , the Company operated 517 stores and 434 stores, respectively, each operating under the name “Five Below.”
Fiscal Year	Fiscal Year The Company operates on a 52/53-week fiscal year ending on the Saturday closest to January 31. References to "fiscal year 2016" or "fiscal 2016" refer to the period from January 31, 2016 to January 28, 2017 and consists of a 52-week fiscal year. References to "fiscal year 2015" or "fiscal 2015" refer to the period from February 1, 2015 to January 30, 2016 and consists of a 52-week fiscal year. The fiscal quarters ended October 29, 2016 and October 31, 2015 refer to the thirteen weeks ended as of those dates. The year-to-date periods ended October 29, 2016 and October 31, 2015 refer to the thirty-nine weeks ended as of those dates.
Basis of Presentation	Basis of Presentation The consolidated balance sheets as of October 29, 2016 and October 31, 2015 , the consolidated statements of operations for the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015 , the consolidated statement of shareholders’ equity for the thirty-nine weeks ended October 29, 2016 and the consolidated statements of cash flows for the thirty-nine weeks ended October 29, 2016 and October 31, 2015 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 29, 2016 and October 31, 2015 . The balance sheet as of January 30, 2016 , presented herein, has been derived from the audited balance sheet included in the Company's Annual Report on Form 10-K for fiscal 2015 as filed with the Securities and Exchange Commission on March 24, 2016 and referred to herein as the “Annual Report,” but does not include all annual disclosures required by U.S. GAAP. These consolidated financial statements should be read in conjunction with the financial statements for the fiscal year ended January 30, 2016 and footnotes thereto included in the Annual Report. The consolidated results of operations for the thirteen and thirty-nine weeks ended October 29, 2016 and October 31, 2015 are not necessarily indicative of the consolidated operating results for the year ending January 28, 2017 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.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements requires management of the Company to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, valuation allowances for inventories, income taxes and share-based compensation expense.
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 is based upon the lowest level of input that is significant to the measurement. The Company’s financial instruments consist primarily of cash equivalents, short-term investment securities, accounts payable, and borrowings, if any, under a line of credit. The Company believes that: (1) the carrying value of cash equivalents and accounts payable are representative of their respective fair value due to the short-term nature of these instruments; and (2) the carrying value of the borrowings, if any, under the line of credit approximates fair value because the line of credit’s interest rates vary with market interest rates. Under the fair value hierarchy, the fair market values of the short-term investments in corporate bonds are level 1 while the short-term investments in certificates of deposits and municipals 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 29, 2016 , January 30, 2016 , and October 31, 2015 , the Company had cash equivalents of $35.8 million , $22.6 million and $4.6 million , respectively. The Company’s cash equivalents consist of credit and debit card receivables, money market funds, certificates of deposit, and short-term municipal bonds. Fair value for cash equivalents was determined based on Level 1 inputs. As of October 29, 2016 and January 30, 2016 , the Company's short-term 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 29, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 6,366 $ — $ 7 $ 6,359 Municipal bonds 3,546 — 1 3,545 Total $ 9,912 $ — $ 8 $ 9,904 As of January 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value Short-term: Corporate bonds $ 37,127 $ — $ 29 $ 37,098 Certificates of deposit 6,916 6 — 6,923 Municipal bonds 2,291 — — 2,291 Total $ 46,335 $ 6 $ 29 $ 46,312 Investment securities as of October 29, 2016 and January 30, 2016 all mature in one year or less.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 clarifies the principles for recognizing revenue from contracts with customers. The update outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contract with Customers: Deferral of the Effective Date." ASU 2015-14 deferred the effective date of the ASU to fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods. In the first six months of fiscal 2016, the FASB issued guidance clarifying the interpretation of certain principles of ASU 2014-09. Companies may use either a full retrospective approach or a modified retrospective approach to adopt this ASU. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." ASU 2015-17 simplifies the presentation of deferred income taxes by requiring deferred tax assets and liabilities be classified as noncurrent on the balance sheet. The updated guidance is effective for interim and annual periods beginning after December 15, 2017, and early adoption is permitted. The Company elected to early adopt this guidance effective in the fourth quarter of fiscal 2015, and the Company retrospectively applied the change within the consolidated balance sheets. As a result of the retrospective adoption, the Company reclassified the October 31, 2015 consolidated balance sheet resulting in a reduction of $9.1 million in current deferred income tax assets and an increase in long term deferred income tax assets of $9.1 million . In February 2016, the FASB issued ASU 2016-02, “Leases.” ASU 2016-02 requires that lease arrangements longer than 12 months result in an entity recognizing an asset and liability. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." ASU No. 2016-09 affects all entities that issue share-based payment awards to their employees. This accounting standards update makes several modifications to the accounting for employee share-based payment transactions, including the requirement that the excess income tax benefits or deficiencies that arise when the tax consequences of share-based compensation differ from amounts previously recognized in the statement of income be recognized as income tax benefit or expense in the statement of income rather than as additional paid-in capital in the balance sheet. The guidance also clarifies the classification of components of share-based awards on the statement of cash flows such that excess income tax benefits should not be presented separately from other income taxes in the statement of cash flows and, thus, should be classified as an operating activity rather than a financing activity as they are under the current guidance. ASU 2016-09 is effective for financial statements issued for annual reporting periods beginning after December 15, 2016 and interim periods within those years. Earlier application is permitted. The Company is currently evaluating the impact of the updated guidance on the Company's consolidated financial statements and disclosures.

Income (Loss) Per Common Share

Income (Loss) Per Common Share (Tables)	9 Months Ended
	Oct. 29, 2016
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 Thirty-Nine Weeks Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Numerator: Net income $ 5,447 $ 4,337 $ 22,052 $ 15,676 Denominator: Weighted average common shares outstanding - basic 54,871,172 54,529,403 54,809,768 54,525,797 Dilutive impact of options, restricted stock units and employee stock purchase plan 299,514 303,849 290,766 286,181 Weighted average common shares outstanding - diluted 55,170,686 54,833,252 55,100,534 54,811,978 Per common share: Basic income per common share $ 0.10 $ 0.08 $ 0.40 $ 0.29 Diluted income per common share $ 0.10 $ 0.08 $ 0.40 $ 0.29

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Stock option activity under the Plan was as follows: Options Weighted Weighted Balance as of January 30, 2016 1,088,674 $ 26.31 7.5 Granted 51,611 39.30 Forfeited (33,364 ) 37.16 Exercised (208,821 ) 13.09 Balance as of October 29, 2016 898,100 29.73 6.9 Exercisable as of October 29, 2016 532,191 $ 26.45 6.2
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value of each option award granted to employees, including outside directors, is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: Thirteen Weeks Ended October 29, 2016 October 31, 2015 Expected volatility 47.6 % 47.0 % Risk-free interest rate 1.6 % 1.8 % Expected life of options 6.4 years 6.4 years Expected dividend yield — % — %
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	RSU and PSU activity during the thirty-nine weeks ended October 29, 2016 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, 2016 211,682 $ 33.47 477,463 $ 36.48 Granted 127,787 41.33 127,160 39.22 Vested (40,283 ) 38.53 (77,260 ) 38.83 Forfeited (17,678 ) 34.71 (9,122 ) 32.88 Non-vested balance as of October 29, 2016 281,508 $ 36.23 518,241 $ 36.86

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Oct. 29, 2016
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 and thirty-nine weeks ended October 29, 2016 and October 31, 2015 (dollars in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2016 October 31, 2015 October 29, 2016 October 31, 2015 Income before income taxes $ 8,695 $ 7,020 $ 35,308 $ 25,262 Income tax expense $ 3,248 $ 2,683 $ 13,256 $ 9,586 Effective tax rate 37.4 % 38.2 % 37.5 % 37.9 %

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Nature of Business) (Details)	Oct. 29, 2016USD ($)Storestate	Oct. 31, 2015Store
Accounting Policies [Abstract]
Products offering price, maximum price | $	$ 5
Number of States in which Entity Operates | state	31
Number of Stores	517
Number of operated stores		434

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016	Oct. 31, 2015
Fair Value, Inputs, Level 1 [Member]
Significant Accounting Policies [Line Items]
Cash equivalents	$ 35,800	$ 22,600	$ 4,600
Corporate Bond Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Significant Accounting Policies [Line Items]
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	6,366	37,127
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain	0	0
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	7	29
Held-to-maturity Securities, Fair Value	6,359	37,098
Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]
Significant Accounting Policies [Line Items]
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment		6,916
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain		6
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss		0
Held-to-maturity Securities, Fair Value		6,923
Municipal Bonds [Member]
Significant Accounting Policies [Line Items]
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	9,912	46,335
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain	0	6
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	8	29
Held-to-maturity Securities, Fair Value	9,904	46,312
Municipal Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Significant Accounting Policies [Line Items]
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	3,546	2,291
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain	0	0
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	1	0
Held-to-maturity Securities, Fair Value	$ 3,545	$ 2,291

Summary of Significant Accoun19

Summary of Significant Accounting Policies (New Accounting Pronouncements) (Details) $ in Millions	Oct. 31, 2015USD ($)
Other Current Assets [Member]
Significant Accounting Policies [Line Items]
Deferred Tax Assets, Gross	$ 9.1
Other Noncurrent Assets [Member]
Significant Accounting Policies [Line Items]
Deferred Tax Assets, Gross	$ 9.1

Income (Loss) Per Common Shar20

Income (Loss) 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. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Numerator:
Net income	$ 5,447	$ 4,337	$ 22,052	$ 15,676
Denominator:
Weighted-average common shares outstanding - basic (shares)	54,871,172	54,529,403	54,809,768	54,525,797
Dilutive impact of options and warrants (shares)	299,514	303,849	290,766	286,181
Weighted average common share outstanding - diluted (shares)	55,170,686	54,833,252	55,100,534	54,811,978
Per common share:
Basic income (loss) per common share (dollars per share)	$ 0.10	$ 0.08	$ 0.40	$ 0.29
Diluted income (loss) per common share (dollars per share)	$ 0.10	$ 0.08	$ 0.40	$ 0.29

Income (Loss) Per Common Shar21

Income (Loss) Per Common Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock not included in the computations of diluted earnings per share	61,611	710,383	196,042	705,943
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock not included in the computations of diluted earnings per share			1,376

Line of Credit (Line of Credit)

Line of Credit (Line of Credit) (Details)	9 Months Ended
	Oct. 29, 2016USD ($)
Debt Instrument [Line Items]
Letters of Credit Outstanding, Borrowing Capacity	$ 19,600,000
Servicing Fee	12,000
Letters of Credit Outstanding, Amount	400,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum borrowings	20,000,000
Increase in revolving credit facility	30,000,000
Issuance of letters of credit	$ 5,000,000
Borrowing base percentage (percent)	90.00%
Percentage of unused credit facility fee (percent)	0.375%
Excess collateral availability percentage (percent)	10.00%
Revolving credit facility collateral amount	$ 3,000,000
Letter of credit fee (percentage)	2.00%
Revolving Credit Facility [Member] | Prime Rate [Member] | Excess Availability Greater Than Or Equal To 75% [Member]
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	0.75%
Revolving Credit Facility [Member] | Prime Rate [Member] | Excess Availability Less Than 75% But Greater Than Or Equal To 33% [Member]
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.00%
Revolving Credit Facility [Member] | Prime Rate [Member] | Excess Availability Less Than 33% [Member]
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.25%
Excess interest on available borrowings	33.00%
Revolving Credit Facility [Member] | Prime Rate [Member] | Minimum [Member] | Excess Availability Greater Than Or Equal To 75% [Member]
Debt Instrument [Line Items]
Excess interest on available borrowings	75.00%
Revolving Credit Facility [Member] | Prime Rate [Member] | Minimum [Member] | Excess Availability Less Than 75% But Greater Than Or Equal To 33% [Member]
Debt Instrument [Line Items]
Excess interest on available borrowings	33.00%
Revolving Credit Facility [Member] | Prime Rate [Member] | Maximum [Member] | Excess Availability Less Than 75% But Greater Than Or Equal To 33% [Member]
Debt Instrument [Line Items]
Excess interest on available borrowings	75.00%
Revolving Credit Facility [Member] | LIBOR Plus [Member] | Excess Availability Greater Than Or Equal To 75% [Member]
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	1.75%
Revolving Credit Facility [Member] | LIBOR Plus [Member] | Excess Availability Less Than 75% But Greater Than Or Equal To 33% [Member]
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	2.00%
Revolving Credit Facility [Member] | LIBOR Plus [Member] | Excess Availability Less Than 33% [Member]
Debt Instrument [Line Items]
Interest rate on borrowings (percent)	2.25%
Revolving Credit Facility [Member] | LIBOR Plus [Member] | Minimum [Member] | Excess Availability Greater Than Or Equal To 75% [Member]
Debt Instrument [Line Items]
Excess interest on available borrowings	75.00%
Revolving Credit Facility [Member] | LIBOR Plus [Member] | Minimum [Member] | Excess Availability Less Than 75% But Greater Than Or Equal To 33% [Member]
Debt Instrument [Line Items]
Excess interest on available borrowings	33.00%
Revolving Credit Facility [Member] | LIBOR Plus [Member] | Maximum [Member] | Excess Availability Less Than 75% But Greater Than Or Equal To 33% [Member]
Debt Instrument [Line Items]
Excess interest on available borrowings	75.00%

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) $ in Millions	9 Months Ended
	Oct. 29, 2016USD ($)lease
Commitments and Contingencies Disclosure [Abstract]
Lessee Leasing Arrangements, Operating Leases, Renewal Term	5 years
Lessee Leasing Arrangements, Operating Leases, Term of Contract	10 years
Number Of Leases | lease	26
Purchase commitments	$ 52.4
Purchase Commitment, Remaining Minimum Amount Committed	$ 2.7

Share-Based Compensation (2002

Share-Based Compensation (2002 Equity Incentive Plan) (Details) - 2002 Equity Incentive Plan [Member] - shares	Oct. 29, 2016	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)	3,599,083

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Stock Option Activity Under Plan) (Details) - $ / shares	9 Months Ended	12 Months Ended
	Oct. 29, 2016	Jan. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Maximum Term	10 years
Stock Option Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, Balance (shares)	1,088,674
Options outstanding, Granted (shares)	51,611
Options outstanding, Forfeited (shares)	(33,364)
Options outstanding, Exercised (shares)	(208,821)
Options outstanding, Balance (shares)	898,100	1,088,674
Options outstanding, Exercisable (shares)	532,191
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)	$ 26.31
Weighted average exercise price, Granted (dollars per share)	39.30
Weighted average exercise price, Forfeited (dollars per share)	37.16
Weighted average exercise price, Exercised (dollars per share)	13.09
Weighted average exercise price, Balance (dollars per share)	29.73	$ 26.31
Weighted average exercise price, Exercisable (dollars per share)	$ 26.45
Weighted Average Remaining Contractual Term (in years)	6 years 11 months 5 days	7 years 6 months
Weighted average remaining contractual term, Exercisable	6 years 2 months

Share-Based Compensation (Share

Share-Based Compensation (Share-Based Compensation Valuation of Stock Options) (Details) - $ / shares	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
Share-based Compensation [Abstract]
Expected volatility	47.60%	47.00%
Risk-free interest rate	1.60%	1.80%
Expected life of options	6 years 4 months 18 days	6 years 4 months 18 days
Expected dividend yield	0.00%	0.00%
Weighted average grant-date fair value of stock options granted (dollars per share)	$ 18.89	$ 13.67

Share-Based Compensation (Restr

Share-Based Compensation (Restricted Stock Units and Performance-Based Restricted Stock Units) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Oct. 29, 2016	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased and Retired During Period, Value	$ 1,819
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	(33,364)
Unrecognized compensation costs related to non-vested share-based compensation	$ 22,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 4 months 18 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Restricted Stock Units (RSUs) [Member]
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	281,508	211,682
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value	$ 36.23	$ 33.47
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	127,787
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 41.33
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(40,283)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 38.53
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	(17,678)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 34.71
Performance Restricted Stock Units [Member]
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	518,241	477,463
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value	$ 36.86	$ 36.48
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	127,160
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 39.22
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(77,260)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 38.83
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	(9,122)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 32.88
Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased and Retired During Period, Shares	44,595
Additional Paid-in Capital [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased and Retired During Period, Value	$ 1,819

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Income Tax [Line Items]
Income before income taxes	$ 8,695,000	$ 7,020,000	$ 35,308,000	$ 25,262,000
Income tax expense	$ 3,248,000	$ 2,683,000	$ 13,256,000	$ 9,586,000
Effective tax rate	37.40%	38.20%	37.50%	37.90%
Accrual for uncertain tax, interest or penalties	$ 0		$ 0
Minimum [Member]
Income Tax [Line Items]
State income taxes, statute of limitations period (years)			3 years
Maximum [Member]
Income Tax [Line Items]
State income taxes, statute of limitations period (years)			4 years