FHC (FRAN) 10-Q 9 Dec 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 31, 2015	Nov. 30, 2015
Document Information [Line Items]
Entity Registrant Name	Francesca's Holdings CORP
Entity Central Index Key	1,399,935
Current Fiscal Year End Date	--01-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		41,657,350
Trading Symbol	FRAN
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Current assets:
Cash and cash equivalents	$ 42,015	$ 39,071	$ 22,830
Accounts receivable	8,683	12,279	9,214
Inventories	43,885	23,801	35,428
Deferred income taxes	5,737	4,858	4,797
Prepaid expenses and other current assets	6,023	5,890	5,699
Total current assets	106,343	85,899	77,968
Property and equipment, net	79,017	74,095	70,646
Deferred income taxes	6,659	3,642	6,573
Other assets, net	1,656	1,909	2,776
TOTAL ASSETS	193,675	165,545	157,963
Current liabilities:
Accounts payable	15,933	11,550	13,074
Accrued liabilities	14,817	11,904	8,610
Total current liabilities	30,750	23,454	21,684
Landlord incentives and deferred rent	37,540	32,877	33,299
Total liabilities	$ 68,290	$ 56,331	$ 54,983
Commitments and contingencies
Stockholders’ equity:
Common stock - $.01 par value, 80.0 million shares authorized; 45.5 million shares issued at each October 31, 2015, January 31, 2015 and November 1, 2014, respectively.	$ 455	$ 455	$ 455
Additional paid-in capital	106,722	105,498	105,235
Retained earnings	86,900	63,404	57,433
Treasury stock, at cost - 3.8 million, 3.2 million and 3.2 million shares held at October 31, 2015, January 31, 2015 and November 1, 2014, respectively.	(68,692)	(60,143)	(60,143)
Total stockholders’ equity	125,385	109,214	102,980
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 193,675	$ 165,545	$ 157,963

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	80	80	80
Common stock, shares issued	45.5	45.5	45.5
Treasury stock, shares	3.8	3.2	3.2

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Net sales	$ 103,728	$ 87,110	$ 304,772	$ 269,853
Cost of goods sold and occupancy costs	55,362	45,925	161,205	141,521
Gross profit	48,366	41,185	143,567	128,332
Selling, general and administrative expenses	37,286	29,810	105,422	86,275
Income from operations	11,080	11,375	38,145	42,057
Interest expense	(122)	(117)	(344)	(507)
Other income (expense)	29	42	(91)	201
Income before income tax expense	10,987	11,300	37,710	41,751
Income tax expense	4,036	4,030	14,214	15,614
Net income	$ 6,951	$ 7,270	$ 23,496	$ 26,137
Basic earnings per common share (in dollars per share)	$ 0.16	$ 0.17	$ 0.55	$ 0.62
Diluted earnings per common share (in dollars per share)	$ 0.16	$ 0.17	$ 0.55	$ 0.62
Weighted average shares outstanding:
Basic shares (in shares)	42,148	42,298	42,262	42,246
Diluted shares (in shares)	42,246	42,389	42,365	42,373

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 9 months ended Oct. 31, 2015 - USD ($) $ in Thousands	Total	Common Stock Outstanding	Common Stock	Additional Paid-in Capital	Retained Earnings (Deficit)	Treasury Stock, at cost
Balance at Jan. 31, 2015	$ 109,214		$ 455	$ 105,498	$ 63,404	$ (60,143)
Balance (in shares) at Jan. 31, 2015		42,298,000
Net income	23,496		0	0	23,496	0
Stock-based compensation	2,416		0	2,416	0	0
Stock options exercised	206		0	206	0	0
Stock options exercised (in shares)		46,000
Tax effect of stock-based compensation	(1,398)		0	(1,398)	0	0
Repurchases of common stock	$ (8,549)		0	0	0	(8,549)
Repurchases of common stock (in shares)	(666,000)	(666,000)
Balance at Oct. 31, 2015	$ 125,385		$ 455	$ 106,722	$ 86,900	$ (68,692)
Balance (in shares) at Oct. 31, 2015		41,678,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Cash Flows Provided By Operating Activities:
Net income	$ 23,496	$ 26,137
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,361	9,848
Stock-based compensation expense	2,416	2,488
Excess tax benefit from stock-based compensation	(81)	(226)
Loss on sale of assets	360	191
Deferred income taxes	(5,374)	(4,470)
Changes in operating assets and liabilities:
Accounts receivable	3,677	(4)
Inventories	(20,084)	(10,814)
Prepaid expenses and other assets	(66)	(240)
Accounts payable	6,086	3,268
Accrued liabilities	2,913	(1,213)
Landlord incentive and deferred rent	4,663	5,851
Net cash provided by operating activities	30,367	30,816
Cash Flows Used in Investing Activities:
Purchase of property and equipment	(19,850)	(16,785)
Proceeds from sale of assets	12	13
Net cash used in investing activities	(19,838)	(16,772)
Cash Flows Used in Financing Activities:
Repurchases of common stock	(7,872)	(5,270)
Proceeds from the exercise of stock options	206	1,332
Excess tax benefit from stock-based compensation	81	226
Repayments of borrowings under the revolving credit facility	0	(25,000)
Net cash used in financing activities	(7,585)	(28,712)
Net increase (decrease) in cash and cash equivalents	2,944	(14,668)
Cash and cash equivalents, beginning of year	39,071	37,498
Cash and cash equivalents, end of period	42,015	22,830
Supplemental Disclosures of Cash Flow Information:
Cash paid for income taxes	14,909	17,716
Interest paid	$ 142	$ 340

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Nature of Business Francesca’s Holdings Corporation is a holding company incorporated in 2007 Delaware 619 47 The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial statements and are in the form prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these unaudited financial statements include all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the Company’s financial position, results of operations, changes in equity, and cash flows at the dates and for the periods presented. The financial information as of January 31, 2015 was derived from the Company’s audited consolidated financial statements and notes thereto as of and for the fiscal year ended January 31, 2015 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 27, 2015. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes as of and for the fiscal year ended January 31, 2015 included in the Company’s Annual Report on Form 10-K. Due to seasonal variations in the retail industry, interim results are not necessarily indicative of results that may be expected for any other interim period or for a full year. The accompanying unaudited consolidated financial statements include the accounts of the Company and all its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company maintains its accounts on a 52- or 53-week year ending on the Saturday closest to January 31 st Certain prior year amounts in the consolidated statements of cash flows have been reclassified to facilitate comparability with the current year’s presentation. These reclassifications do not materially impact the consolidated financial statements for the prior periods presented. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, net of estimated sales returns, and expenses during the reporting periods. Actual results could differ materially from those estimates. In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory,” which changes the measurement principle for inventory from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 defines net realizable value as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The new guidance must be applied on a prospective basis and is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the effect that the new guidance will have on its financial statements and related disclosures. In May 2014 the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” This pronouncement requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled to in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. Accordingly, this standard is effective for reporting periods beginning on or after December 15, 2017, including interim periods within that fiscal year, with early adoption permitted for interim and annual periods beginning on or after December 15, 2016. The Company is in the process of assessing the provisions of this new guidance and has not determined whether the adoption will have a material impact on our consolidated financial statements.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Earnings per Share	2. Earnings Per Share Basic earnings per common share amounts are calculated using the weighted-average number of common shares outstanding for the period. Diluted earnings per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of stock options and restricted stock grants using the more dilutive of the treasury stock method or the two-class method. Thirteen Weeks Ended Thirty Nine Weeks Ended October 31, November 1, October 31, November 1, (in thousands, except per share data) Numerator: Net income $ 6,951 $ 7,270 $ 23,496 $ 26,137 Denominator: Weighted-average common shares outstanding - basic 42,148 42,298 42,262 42,246 Options and other dilutive securities 98 91 103 127 Weighted-average common shares outstanding - diluted 42,246 42,389 42,365 42,373 Per common share: Basic earnings per common share $ 0.16 $ 0.17 $ 0.55 $ 0.62 Diluted earnings per common share $ 0.16 $ 0.17 $ 0.55 $ 0.62 Potentially issuable shares under the Company’s stock-based compensation plans amounting to 0.4 0.8 1.1 0.1

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	3. 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. The carrying amount reflected in the consolidated balance sheets of financial assets and liabilities, which includes cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, approximated their fair values due to the short term nature of these financial assets and liabilities.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	4. Income Taxes The provision for income taxes is based on the current estimate of the annual effective tax rate. The effective income tax rates for the thirteen and thirty nine weeks ended October 31, 2015 were 36.7 37.7 35.7 37.4

Revolving Credit Facility

Revolving Credit Facility	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Revolving Credit Facility	Revolving Credit Facility On August 30, 2013 75.0 10.0 August 30, 2018 25.0 The credit facility contains customary events of default and requires the Borrower to comply with certain financial covenants. As of October 31, 2015, the Borrower was in compliance with all covenants under the credit facility. The credit facility restricts the amount of dividends the Borrower can pay; provided that the Borrower is permitted to pay dividends to the extent it has available capacity in its available investment basket (as defined in the Second Amended and Restated Credit Agreement), no default or event of default is continuing, certain procedural requirements have been satisfied and the Borrower is in pro forma compliance with a maximum secured leverage ratio. At October 31, 2015, the Borrower would have met the conditions for paying dividends out of the available investment basket. All obligations under the credit facility are secured by substantially all the assets of the Borrower and any subsidiary guarantor, if any. All obligations under the facility are unconditionally guaranteed by, subject to certain exceptions, Francesca’s LLC and each of the Borrower’s existing and future direct and indirect wholly-owned domestic subsidiaries.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Oct. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	6. Stock-based Compensation Stock-based compensation cost is measured at the grant date fair value and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity grant). The Company estimates forfeitures for grants that are not expected to vest. The stock-based compensation cost recognized in the thirteen and thirty nine weeks ended October 31, 2015 totaled $ 0.8 2.4 0.9 2.5 Stock Options During the thirty nine weeks ended October 31, 2015 and November 1, 2014, the Company granted 81,460 77,584 8.44 8.03 As of October 31, 2015 there was approximately $ 7.2 3 Restricted Stock Awards In March 2015, the Company established performance goals for fiscal year 2015 applicable to 114,679 the third anniversary of the date on which the award was originally approved by the Compensation Committee of the Board of Directors. 0.2 0.3 0

Share Repurchases

Share Repurchases	9 Months Ended
	Oct. 31, 2015
Stockholders' Equity Note [Abstract]
Share Repurchases	7. Share Repurchases On September 3, 2013, the Company’s Board of Directors authorized a $ 100.0 666,000 8.5 12.83 repurchased 5.3 18.49 31.4 Subsequent to October 31, 2015 through December 7, 2015, the Company repurchased 358,000 5.0 13.92

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Operating Leases The Company leases boutique space and office space under operating leases expiring in various years through the fiscal year ending 2027 three five Fiscal year Amount (In thousands) Remainder of 2015 $ 9,779 2016 39,420 2017 38,880 2018 37,377 2019 34,668 Thereafter 94,646 $ 254,770 Legal Proceedings On September 27, 2013 and November 4, 2013, two purported class action lawsuits entitled Ortuzar v. Francesca’s Holdings Corp., et al. and West Palm Beach Police Pension Fund v. Francesca’s Holdings Corp., et al. were filed in the United States District Court for the Southern District of New York against the Company and certain of its current and former directors and officers for alleged violations of the federal securities laws. On December 19, 2013, the Court consolidated these actions. On March 14, 2014, lead plaintiff filed a consolidated class action complaint. The consolidated complaint asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 for allegedly false and misleading statements in the Company’s public disclosures concerning. On May 13, 2014 the defendants moved to dismiss the consolidated complaint. By Order and Judgment entered April 1, 2015, the Court granted defendants’ motion to dismiss and dismissed the consolidated complaint in its entirety with prejudice and closed the case. On April 29, 2015, the lead plaintiff filed a notice of appeal to the U.S. Court of Appeals for the Second Circuit of the Court’s judgment dismissing the consolidated complaint. On June 12, 2015, the U.S. Court of Appeals for the Second Circuit granted the parties’ stipulation of voluntary dismissal, which withdrew the appeal with prejudice. On each of May 28, 2014 and July 8, 2014, a purported shareholder derivative action entitled Daniell v. De Merritt, et al. and Murphy v. Davis, et al., respectively, purportedly on behalf of the Company, was filed in the Delaware Court of Chancery, naming certain of the Company’s current and former officers, directors, and shareholders as defendants and naming the Company as a nominal defendant. On September 3, 2014, the Court of Chancery consolidated the Daniell and Murphy cases. Plaintiffs filed a consolidated amended complaint on September 23, 2014 alleging claims of breach of fiduciary duty and unjust enrichment. The consolidated amended complaint sought damages in an unspecified amount, an order directing the Company “to reform and improve” corporate governance and internal controls, equitable and/or injunctive relief, restitution and disgorgement from the defendants, and costs and attorneys’ fees. On October 23, 2014, defendants filed a motion to dismiss the consolidated amended complaint, which was fully briefed. On June 12, 2015, the plaintiff voluntary dismissed the action with prejudice as to the named plaintiffs, and the Court entered an order dismissing the action with each party bearing its own fees and costs. The Company, from time to time, is subject to various claims and legal proceedings arising in the ordinary course of business. While the outcome of any such claim cannot be predicted with certainty, in the opinion of management, the outcome of these matters is unlikely to have a material adverse effect on the Company’s business, results of operations or financial condition.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial statements and are in the form prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these unaudited financial statements include all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the Company’s financial position, results of operations, changes in equity, and cash flows at the dates and for the periods presented. The financial information as of January 31, 2015 was derived from the Company’s audited consolidated financial statements and notes thereto as of and for the fiscal year ended January 31, 2015 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 27, 2015. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes as of and for the fiscal year ended January 31, 2015 included in the Company’s Annual Report on Form 10-K. Due to seasonal variations in the retail industry, interim results are not necessarily indicative of results that may be expected for any other interim period or for a full year.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited consolidated financial statements include the accounts of the Company and all its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Fiscal Year	Fiscal Year The Company maintains its accounts on a 52- or 53-week year ending on the Saturday closest to January 31 st
Reclassifications	Reclassifications Certain prior year amounts in the consolidated statements of cash flows have been reclassified to facilitate comparability with the current year’s presentation. These reclassifications do not materially impact the consolidated financial statements for the prior periods presented.
Management Estimates and Assumptions	Management Estimates and Assumptions The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, net of estimated sales returns, and expenses during the reporting periods. Actual results could differ materially from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory,” which changes the measurement principle for inventory from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 defines net realizable value as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The new guidance must be applied on a prospective basis and is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the effect that the new guidance will have on its financial statements and related disclosures. In May 2014 the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” This pronouncement requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled to in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. Accordingly, this standard is effective for reporting periods beginning on or after December 15, 2017, including interim periods within that fiscal year, with early adoption permitted for interim and annual periods beginning on or after December 15, 2016. The Company is in the process of assessing the provisions of this new guidance and has not determined whether the adoption will have a material impact on our consolidated financial statements.
Earnings Per Share	Earnings Per Share Basic earnings per common share amounts are calculated using the weighted-average number of common shares outstanding for the period. Diluted earnings per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of stock options and restricted stock grants using the more dilutive of the treasury stock method or the two-class method.
Stock-Based Compensation	Stock-based Compensation Stock-based compensation cost is measured at the grant date fair value and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity grant). The Company estimates forfeitures for grants that are not expected to vest. The stock-based compensation cost recognized in the thirteen and thirty nine weeks ended October 31, 2015 totaled $0.8 million and $2.4 million, respectively. The stock-based compensation cost recognized in the thirteen and thirty nine weeks ended November 1, 2014 totaled $0.9 million and $2.5 million, respectively.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Earnings per share	The following table summarizes the potential dilution that could occur if options to acquire common stock were exercised or if restricted stock grants were fully vested and reconciles the weighted-average common shares outstanding used in the computation of basic and diluted earnings per share. Thirteen Weeks Ended Thirty Nine Weeks Ended October 31, November 1, October 31, November 1, (in thousands, except per share data) Numerator: Net income $ 6,951 $ 7,270 $ 23,496 $ 26,137 Denominator: Weighted-average common shares outstanding - basic 42,148 42,298 42,262 42,246 Options and other dilutive securities 98 91 103 127 Weighted-average common shares outstanding - diluted 42,246 42,389 42,365 42,373 Per common share: Basic earnings per common share $ 0.16 $ 0.17 $ 0.55 $ 0.62 Diluted earnings per common share $ 0.16 $ 0.17 $ 0.55 $ 0.62

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Oct. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Minimum future rental payments under non-cancellable operating leases as of October 31, 2015, are as follows: Fiscal year Amount (In thousands) Remainder of 2015 $ 9,779 2016 39,420 2017 38,880 2018 37,377 2019 34,668 Thereafter 94,646 $ 254,770

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details Textual)	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Company Information and Summary of Significant Accounting Policies [Line Items]
Year of Incorporation	2,007
State of Incorporation	Delaware
Number of Boutiques in Operation	619
Number of States in which Entity Operates	47
Fiscal Year [Member]
Company Information and Summary of Significant Accounting Policies [Line Items]
Length of Fiscal Period	364 days	364 years
Year-to-Date [Member]
Company Information and Summary of Significant Accounting Policies [Line Items]
Length of Fiscal Period	273 days	273 days
Third Quarter [Member]
Company Information and Summary of Significant Accounting Policies [Line Items]
Length of Fiscal Period	91 days	91 days
Minimum [Member] | Fiscal Year [Member]
Company Information and Summary of Significant Accounting Policies [Line Items]
Length of Fiscal Period	364 days
Maximum [Member] | Fiscal Year [Member]
Company Information and Summary of Significant Accounting Policies [Line Items]
Length of Fiscal Period	371 days

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Numerator:
Net income	$ 6,951	$ 7,270	$ 23,496	$ 26,137
Denominator:
Weighted-average common shares outstanding - basic (in shares)	42,148	42,298	42,262	42,246
Options and other dilutive securities (in shares)	98	91	103	127
Weighted-average common shares outstanding - diluted (in shares)	42,246	42,389	42,365	42,373
Per common share:
Basic earnings per common share (in dollars per share)	$ 0.16	$ 0.17	$ 0.55	$ 0.62
Diluted earnings per common share (in dollars per share)	$ 0.16	$ 0.17	$ 0.55	$ 0.62

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Stock Compensation Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share
Securities Excluded from Computation of Diluted Weighted Average Common Stock Outstanding	0.4	0.8	0.4	0.8
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share
Securities Excluded from Computation of Diluted Weighted Average Common Stock Outstanding	1.1	0.1	1.1	0.1

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Income Tax Contingency [Line Items]
Effective Income Tax Rate	36.70%	35.70%	37.70%	37.40%

Revolving Credit Facility (Deta

Revolving Credit Facility (Details Textual) $ in Millions	9 Months Ended
	Oct. 31, 2015USD ($)
Revolving Credit Facility Details
Initiation Date	Aug. 30, 2013
Maximum Borrowing Capacity	$ 75
Availability for Letters of Credit Under the Revolving Credit Facility	$ 10
Maturity Date	Aug. 30, 2018
Available Option to Increase the Borrowing Capacity Under the Revolving Credit Facility	$ 25
Letters of Credit Outstanding, Amount	0
Amount Outstanding under the Revolving Credit Facility	$ 0

Stock-based Compensation (Detai

Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Stock-based Compensation Disclosures
Stock-based Compensation	$ 0.8	$ 0.9	$ 2.4	$ 2.5
Performance Shares [Member]
Stock-based Compensation Disclosures
Stock-based Compensation	0.2	$ 0	$ 0.3	$ 0
Performance-based Restricted Stocks Granted During the Period			114,679
Requisite vesting period			3 years
Performance Shares [Member] | Minimum [Member]
Stock-based Compensation Disclosures
Percent of Target Shares that May Vest			0.00%
Performance Shares [Member] | Maximum [Member]
Stock-based Compensation Disclosures
Percent of Target Shares that May Vest			150.00%
Employee Stock Option [Member]
Stock-based Compensation Disclosures
Unrecognized Compensation Cost Related to Stock Options	$ 7.2		$ 7.2
Weighted Average Period Over Which Unrecognized Compensation Costs Related to Non-vested Awards will be Recognized (in years)			3 years
Number of Options Granted During The Period			81,460	77,584
Weighted Average Grant Date Fair Value of Options Granted During the Period			$ 8.44	$ 8.03

Share Repurchases (Details Text

Share Repurchases (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Dec. 07, 2015	Oct. 31, 2015	Oct. 31, 2015	Nov. 01, 2014	Sep. 03, 2013
Treasury Stock Disclosure [Line Items]
Amount Authorized Under the Stock Repurchase Program					$ 100,000
Average Cost Per Share of Treasury Stock Acquired		$ 12.83	$ 12.83	$ 18.49
Remaining Authorized Amount Under the Stock Repurchase Program		$ 31,400	$ 31,400
Treasury Stock, Shares, Acquired		666,000	666,000	285,000
Treasury Stock, Value, Acquired, Cost Method		$ 8,500	$ 8,549	$ 5,300
Repurchases Subsequent to Quarter-end Through Dec. 7, 2015
Treasury Stock Disclosure [Line Items]
Average Cost Per Share of Treasury Stock Acquired	$ 13.92
Treasury Stock, Shares, Acquired	358,000
Treasury Stock, Value, Acquired, Cost Method	$ 5,000

Commitments and Contingencies25

Commitments and Contingencies (Details) $ in Thousands	Oct. 31, 2015USD ($)
Future Minimum Payments [Abstract]
Remainder of 2015	$ 9,779
2,016	39,420
2,017	38,880
2,018	37,377
2,019	34,668
Thereafter	94,646
Total	$ 254,770

Commitments and Contingencies26

Commitments and Contingencies (Details Textual)	9 Months Ended
	Oct. 31, 2015
Leases, Operating [Abstract]
Lease Expiration Year	2,027
Minimum [Member]
Leases, Operating [Abstract]
Lease renewal term option	3 years
Maximum [Member]
Leases, Operating [Abstract]
Lease renewal term option	5 years