Express (EXPRQ) 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. 28, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	EXPRESS, INC.
Entity Central Index Key	1,483,510
Current Fiscal Year End Date	--01-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		82,633,131

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 91,215	$ 346,159
Receivables, net	25,810	23,272
Inventories	364,662	241,063
Prepaid minimum rent	30,660	29,465
Other	28,788	14,277
Total current assets	541,135	654,236
PROPERTY AND EQUIPMENT	928,434	840,340
Less: accumulated depreciation	(484,929)	(432,733)
Property and equipment, net	443,505	407,607
TRADENAME/DOMAIN NAMES/TRADEMARKS	197,597	197,562
DEFERRED TAX ASSETS	11,718	12,371
OTHER ASSETS	2,990	6,374
Total assets	1,196,945	1,278,150
CURRENT LIABILITIES:
Accounts payable	209,874	153,745
Deferred revenue	22,302	28,575
Accrued expenses	106,925	105,139
Total current liabilities	339,101	287,459
LONG-TERM DEBT	0	199,527
DEFERRED LEASE CREDITS	139,203	128,450
OTHER LONG-TERM LIABILITIES	112,518	106,375
Total liabilities	$ 590,822	$ 721,811
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS’ EQUITY:
Preferred stock – $0.01 par value; 10,000 shares authorized; no shares issued or outstanding	$ 0	$ 0
Common stock – $0.01 par value; 500,000 shares authorized; 91,112 shares and 90,400 shares issued at October 31, 2015 and January 31, 2015, respectively, and 83,607 shares and 84,298 shares outstanding at October 31, 2015 and January 31, 2015, respectively	911	904
Additional paid-in capital	166,180	149,789
Accumulated other comprehensive loss	(3,647)	(3,057)
Retained earnings	577,182	516,785
Treasury stock – at average cost; 7,505 shares and 6,102 shares at October 31, 2015 and January 31, 2015, respectively	(134,503)	(108,082)
Total stockholders’ equity	606,123	556,339
Total liabilities and stockholders’ equity	$ 1,196,945	$ 1,278,150

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Oct. 31, 2015	Jan. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	91,112,000	90,400,000
Common stock, shares outstanding	83,607,000	84,298,000
Treasury stock, shares	7,505,000	6,102,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Income Statement [Abstract]
NET SALES	$ 546,616	$ 497,608	$ 1,584,576	$ 1,439,680
COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS	355,527	340,050	1,049,853	1,008,724
Gross profit	191,089	157,558	534,723	430,956
OPERATING EXPENSES:
Selling, general, and administrative expenses	146,585	126,526	420,334	371,309
Other operating (income) expense, net	(29)	508	43	(476)
Total operating expenses	146,556	127,034	420,377	370,833
OPERATING INCOME	44,533	30,524	114,346	60,123
INTEREST EXPENSE, NET	1,207	6,042	14,751	17,880
OTHER EXPENSE, NET	70	160	140	157
INCOME BEFORE INCOME TAXES	43,256	24,322	99,455	42,086
INCOME TAX EXPENSE	16,949	9,737	39,058	15,551
NET INCOME	26,307	14,585	60,397	26,535
OTHER COMPREHENSIVE INCOME:
Foreign currency translation loss	(134)	(600)	(590)	(116)
COMPREHENSIVE INCOME	$ 26,173	$ 13,985	$ 59,807	$ 26,419
EARNINGS PER SHARE:
Basic (usd per share)	$ 0.31	$ 0.17	$ 0.72	$ 0.32
Diluted (usd per share)	$ 0.31	$ 0.17	$ 0.71	$ 0.31
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)	84,240	84,189	84,453	84,122
Diluted (in shares)	84,849	84,605	85,009	84,490

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 60,397	$ 26,535
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	56,103	57,965
Loss on disposal of property and equipment	1,313	741
Impairment charge	0	5,087
Excess tax benefit from share-based compensation	(334)	(47)
Share-based compensation	15,114	14,306
Non-cash loss on extinguishment of debt	5,314	0
Deferred taxes	(6,805)	668
Landlord allowance amortization	(9,208)	(8,637)
Payment of original issue discount	(2,812)	0
Changes in operating assets and liabilities:
Receivables, net	(2,546)	(3,101)
Inventories	(123,806)	(137,746)
Accounts payable, deferred revenue, and accrued expenses	42,514	33,431
Other assets and liabilities	20,389	8,805
Net cash provided by (used in) operating activities	55,633	(1,993)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(85,013)	(86,571)
Purchase of intangible assets	(35)	(1,010)
Net cash used in investing activities	(85,048)	(87,581)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of long-term debt	(198,038)	0
Costs incurred in connection with debt arrangements	(1,006)	0
Payments on lease financing obligations	(1,168)	(1,105)
Excess tax benefit from share-based compensation	334	47
Proceeds from exercise of stock options	1,265	0
Repurchase of common stock under share repurchase plan (see Note 11)	(22,020)	0
Repurchase of shares for tax withholding obligations under the 2010 Plan	(4,400)	(3,481)
Net cash used in financing activities	(225,033)	(4,539)
EFFECT OF EXCHANGE RATE ON CASH	(496)	43
NET DECREASE IN CASH AND CASH EQUIVALENTS	(254,944)	(94,070)
CASH AND CASH EQUIVALENTS, Beginning of period	346,159	311,884
CASH AND CASH EQUIVALENTS, End of period	$ 91,215	$ 217,814

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Oct. 31, 2015
Description of Business and Basis of Presentation [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Business Description Express, Inc., together with its subsidiaries ("Express" or the "Company"), is a specialty apparel and accessories retailer of women's and men's merchandise, targeting the 20 to 30 year old customer. Express merchandise is sold through retail and factory outlet stores and the Company's e-commerce website, www.express.com, as well as its mobile app. As of October 31, 2015 , Express operated 576 primarily mall-based retail stores in the United States, Canada, and Puerto Rico as well as 78 factory outlet stores. Additionally, the Company earned revenue from 33 franchise stores in the Middle East, Latin America, and South Africa. These franchise stores are operated by franchisees pursuant to franchise agreements. Under the franchise agreements, the franchisees operate stand-alone Express stores and Express shops within department stores that sell Express-branded apparel and accessories purchased directly from the Company. Fiscal Year The Company's fiscal year ends on the Saturday closest to January 31. Fiscal years are referred to by the calendar year in which the fiscal year commences. References herein to " 2015 " and " 2014 " represent the 52-week periods ended January 30, 2016 and January 31, 2015 , respectively. All references herein to “the third quarter of 2015 ” and “the third quarter of 2014 ” represent the thirteen weeks ended October 31, 2015 and November 1, 2014 , respectively. 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 information. Accordingly, they do not include all of the information or footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments (which are of a normal recurring nature) necessary to state fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for 2015 . Therefore, these statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto for the year ended January 31, 2015 , included in the Company's Annual Report on Form 10-K, filed with the SEC on March 27, 2015 . Principles of Consolidation The unaudited Consolidated Financial Statements include the accounts of Express, Inc. and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Use of Estimates in the Preparation of Financial Statements 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 at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period, as well as the related disclosure of contingent assets and liabilities as of the date of the unaudited Consolidated Financial Statements. Actual results may differ from those estimates. The Company revises its estimates and assumptions as new information becomes available. Correction of Error The thirteen and thirty-nine week periods ended October 31, 2015 include the correction of an error with regard to the calculation of a deferred tax liability. As a result of the error in previously filed Consolidated Financial Statements, current deferred tax liabilities were overstated and current accrued liabilities were understated. The error had no impact on stockholders’ equity, the Consolidated Statements of Income, or net cash provided by operating activities on the Consolidated Statements of Cash Flows for prior periods. The Company does not believe these corrections were material to any current or prior interim or annual periods that were affected. The correction of the error during the thirteen and thirty-nine weeks ended October 31, 2015, resulted in an increase to other current assets of approximately $5.7 million , a decrease to non-current deferred tax assets of $0.4 million , a decrease in accrued expenses of $1.4 million , an increase in other long-term liabilities of $7.0 million , and incremental income tax expense of $0.3 million . The increase in other long-term liabilities is due to an uncertain tax position, including the effect of interest. Over the next twelve months, it is reasonably possible that this unrecognized tax benefit will be resolved. The correction also resulted in corresponding changes in certain lines within the operating activities section of the unaudited Consolidated Statements of Cash Flows.

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company defines an operating segment on the same basis that it uses to evaluate performance internally. The Company has determined that, together, its Chief Executive Officer and Chief Operating Officer are the Chief Operating Decision Maker and that there is one operating segment. Therefore, the Company reports results as a single segment, which includes the operations of its Express brick-and-mortar retail and outlet stores, e-commerce operations, and franchise business. The following is information regarding the Company's major product categories and sales channels: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) (in thousands) Apparel $ 482,472 $ 438,552 $ 1,394,458 $ 1,259,465 Accessories and other 52,898 50,936 155,110 152,227 Other revenue 11,246 8,120 35,008 27,988 Total net sales $ 546,616 $ 497,608 $ 1,584,576 $ 1,439,680 Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) (in thousands) Stores $ 451,525 $ 410,355 $ 1,313,126 $ 1,201,748 E-commerce 83,845 79,133 236,442 209,944 Other revenue 11,246 8,120 35,008 27,988 Total net sales $ 546,616 $ 497,608 $ 1,584,576 $ 1,439,680 Other revenue consists primarily of sell-off revenue related to mark-out-of-stock inventory sales to third parties, shipping and handling revenue related to e-commerce activity, and revenue from franchise agreements. Revenue and long-lived assets relating to the Company's international operations for the thirteen and thirty-nine weeks ended and as of October 31, 2015 and November 1, 2014 , respectively, were not material for any period presented and, therefore, are not reported separately from domestic revenue or long-lived assets.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table provides a reconciliation between basic and diluted weighted-average shares used to calculate basic and diluted earnings per share: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) Weighted-average shares - basic 84,240 84,189 84,453 84,122 Dilutive effect of stock options, restricted stock units, and restricted stock 609 416 556 368 Weighted-average shares - diluted 84,849 84,605 85,009 84,490 Equity awards representing 1.1 million and 2.4 million shares of common stock were excluded from the computation of diluted earnings per share for the thirteen and thirty-nine weeks ended October 31, 2015 , respectively, as the inclusion of these awards would have been anti-dilutive. Equity awards representing 4.3 million and 4.1 million shares of common stock were excluded from the computation of diluted earnings per share for the thirteen and thirty-nine weeks ended November 1, 2014 , respectively, as the inclusion of these awards would have been anti-dilutive. Additionally, for the thirteen and thirty-nine weeks ended October 31, 2015 , 0.8 million shares were excluded from the computation of diluted weighted average shares because the number of shares that will ultimately be issued is contingent on the Company's performance compared to pre-established performance goals which have not been achieved as of October 31, 2015 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements 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 as of the measurement date. Level 1-Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2-Valuation is based upon quoted prices for similar assets and liabilities in active markets or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3-Valuation is based upon other unobservable inputs that are significant to the fair value measurement. Financial Assets The following table presents the Company's financial assets measured at fair value on a recurring basis as of October 31, 2015 and January 31, 2015 , aggregated by the level in the fair value hierarchy within which those measurements fall. October 31, 2015 Level 1 Level 2 Level 3 (in thousands) U.S. treasury securities money market funds $ 2,002 $ — $ — January 31, 2015 Level 1 Level 2 Level 3 (in thousands) U.S. treasury securities money market funds $ 166,602 $ — $ — The carrying amounts reflected on the unaudited Consolidated Balance Sheets for cash, cash equivalents, receivables, prepaid expenses, and payables as of October 31, 2015 and January 31, 2015 approximated their fair values. Non-Financial Assets The Company's non-financial assets, which include fixtures, equipment, improvements, and intangible assets, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur indicating the carrying value of these assets may not be recoverable, or annually in the case of indefinite lived intangibles, an impairment test is required. The impairment test requires the Company to estimate the fair value of the assets and compare this to the carrying value of the assets. If the fair value of the asset is less than the carrying value, then an impairment charge is recognized and the non-financial assets are recorded at fair value. The Company estimates the fair value using a discounted cash flow model. Factors used in the evaluation include, but are not limited to, management's plans for future operations, recent operating results, and projected cash flows. During the thirteen and thirty-nine weeks ended October 31, 2015 , the Company did no t recognize any impairment charges. During the thirteen and thirty-nine weeks ended November 1, 2014 , the Company recognized impairment charges of approximately $2.3 million and $5.1 million , respectively. These charges were related to three stores for the thirteen weeks ended November 1, 2014 and nine stores for the thirty-nine weeks ended November 1, 2014 .

Intangible Assets

Intangible Assets	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets The following table provides the significant components of intangible assets: October 31, 2015 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,597 $ — $ 197,597 Licensing arrangements 1,425 268 1,157 $ 199,022 $ 268 $ 198,754 January 31, 2015 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,562 $ — $ 197,562 Net favorable lease obligations/licensing arrangements 21,175 19,906 1,269 $ 218,737 $ 19,906 $ 198,831 The Company's tradename, internet domain names, and trademarks have indefinite lives. Licensing arrangements are amortized over a period of ten years and are included in other assets on the unaudited Consolidated Balance Sheets. Amortization expense was nominal for the thirteen weeks ended October 31, 2015 and $0.1 million for the thirty-nine weeks ended October 31, 2015 . Amortization expense was $0.2 million and $0.6 million during the thirteen and thirty-nine weeks ended November 1, 2014 , respectively. The net favorable lease assets were fully amortized as of January 31, 2015.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes is based on a current estimate of the annual effective tax rate adjusted to reflect the impact of discrete items. The Company's effective tax rate was 39.2% and 40.0% for the thirteen weeks ended October 31, 2015 and November 1, 2014 , respectively. The Company's effective tax rate was 39.3% and 37.0% for the thirty-nine weeks ended October 31, 2015 and November 1, 2014 , respectively. The rate for the thirty-nine weeks ended November 1, 2014 reflects a net $1.7 million tax benefit from the release of uncertain tax positions following the conclusion of a multi-year Internal Revenue Service ("IRS") examination in the second quarter of 2014.

Lease Financing Obligations

Lease Financing Obligations	9 Months Ended
	Oct. 31, 2015
Leases [Abstract]
Lease Financing Obligations	Lease Financing Obligations In certain lease arrangements, the Company is involved in the construction of the building. To the extent the Company is involved in the construction of structural improvements or takes construction risk prior to commencement of a lease, it is deemed the owner of the project for accounting purposes. Therefore, the Company records an asset in Property and Equipment on the unaudited Consolidated Balance Sheets, including any capitalized interest costs, and related liabilities in accrued interest and lease financing obligations in other long-term liabilities on the unaudited Consolidated Balance Sheets, for the replacement cost of the Company's portion of the pre-existing building plus the amount of construction costs incurred by the landlord as of the balance sheet date. The initial terms of the lease arrangements for which the Company is considered the owner are expected to expire in 2023 and 2030. The net book value of landlord funded construction, replacement cost of pre-existing property, and capitalized interest in property and equipment on the unaudited Consolidated Balance Sheets was $68.3 million and $71.0 million , as of October 31, 2015 and January 31, 2015 , respectively. There was also $ 69.9 million and $70.9 million of lease financing obligations as of October 31, 2015 and January 31, 2015 , respectively, in other long-term liabilities on the unaudited Consolidated Balance Sheets. Transactions involving the initial recording of these assets and liabilities are classified as non-cash items for purposes of the unaudited Consolidated Statements of Cash Flows. Rent expense relating to the land is recognized on a straight-line basis over the lease term. The Company does not report rent expense for the portion of the rent payment determined to be related to the lease obligations which are owned for accounting purposes. Rather, this portion of the rent payment under the lease is recognized as interest expense and a reduction of the lease financing obligations.

Debt

Debt	9 Months Ended
	Oct. 31, 2015
Debt Disclosure [Abstract]
Debt	Debt A summary of the Company's financing activities are as follows: Revolving Credit Facility On July 29, 2011, Express Holding, LLC, a wholly-owned subsidiary ("Express Holding"), and its subsidiaries entered into an Amended and Restated $200.0 million secured Asset-Based Credit Facility ("Revolving Credit Facility"). On May 20, 2015, the Company further amended and restated its existing Revolving Credit Facility. The amendment increased the borrowing capacity under the facility from $200 million to $250 million and extended the expiration date of the facility to May 20, 2020. As of October 31, 2015 , there were no borrowings outstanding and approximately $247.2 million available under the Revolving Credit Facility. Under the Revolving Credit Facility, revolving loans may be borrowed, repaid, and reborrowed until May 20, 2020, at which time all amounts borrowed must be repaid. The Revolving Credit Facility allows for a swingline sublimit of up to $30.0 million and for the issuance of letters of credit in the face amount of up to $45.0 million . Borrowings under the Revolving Credit Facility bear interest at a rate equal to either the rate appearing on Reuters Screen LIBOR01 page (the “Eurodollar Rate”) plus an applicable margin rate or the highest of (1) the prime lending rate, (2) 0.50% per annum above the federal funds rate, and (3) 1% above the Eurodollar Rate, in each case plus an applicable margin rate. The applicable margin rate is determined based on excess availability as determined by reference to the borrowing base. The applicable margin for Eurodollar Rate-based advances is between 1.50% and 2.00% based on the borrowing base. The unused line fee payable under the Revolving Credit Facility is incurred at 0.250% per annum of the average daily unused revolving commitment during each quarter, payable quarterly in arrears on the first day of each May, August, November, and February. In the event that (1) an event of default has occurred and is continuing or (2) excess availability plus eligible cash collateral is less than 12.5% of the borrowing base for 5 consecutive days, such unused line fees are payable on the first day of each month. Interest payments under the Revolving Credit Facility are due quarterly on the first day of each May, August, November, and February for base rate-based advances, provided, however, in the event that (1) an event of default has occurred and is continuing or (2) excess availability plus eligible cash collateral is less than 12.5% of the borrowing base for 5 consecutive days, interest payments are due on the first day of each month. Interest payments under the Revolving Credit Facility are due on the last day of the interest period for Eurodollar Rate-based advances for interest periods of 1, 2, and 3 months, and additionally every 3 months after the first day of the interest period for Eurodollar Rate-based advances for interest periods of greater than 3 months. The Revolving Credit Facility requires Express Holding and its subsidiaries to maintain a fixed charge coverage ratio of at least 1.0 : 1.0 if excess availability plus eligible cash collateral is less than 10% of the borrowing base. In addition, the Revolving Credit Facility contains customary covenants and restrictions on Express Holding's and its subsidiaries' activities, including, but not limited to, limitations on the incurrence of additional indebtedness, liens, negative pledges, guarantees, investments, loans, asset sales, mergers, acquisitions, prepayment of other debt, distributions, dividends, the repurchase of capital stock, transactions with affiliates, the ability to change the nature of its business or fiscal year, and permitted business activities. All obligations under the Revolving Credit Facility are guaranteed by Express Holding and its domestic subsidiaries (that are not borrowers) and secured by a lien on, among other assets, substantially all working capital assets including cash, accounts receivable, and inventory, of Express Holding and its domestic subsidiaries. Senior Notes On March 5, 2010, Express, LLC and Express Finance Corp. ("Express Finance"), wholly-owned subsidiaries of the Company, co-issued, in a private placement, $250.0 million of 8 3/4% Senior Notes due in 2018 (the "Senior Notes") at an offering price of 98.6% of the face value. As of January 31, 2015, there were $200.9 million of Senior Notes outstanding. On March 1, 2015, all of the outstanding notes in the amount of $200.9 million were fully redeemed at 102.19% of the principal amount, with total payments equal to $205.3 million , plus accrued and unpaid interest to, but not including, the redemption date. Loss on Extinguishment In connection with the redemption of the Senior Notes in the first quarter of 2015, the Company recognized a $9.7 million loss on extinguishment of debt, which was recorded as interest expense in the unaudited Consolidated Statements of Income and Comprehensive Income. Of this loss on extinguishment, the redemption premium represented approximately $4.4 million . The remaining loss on extinguishment was attributable to the unamortized debt issuance costs and unamortized debt discount write-offs totaling $5.3 million . The unamortized debt issuance costs and unamortized debt discount write-offs are presented as a non-cash adjustment to reconcile net income to net cash provided by operating activities within the unaudited Consolidated Statements of Cash Flows. Letters of Credit The Company may enter into various trade letters of credit ("trade LCs") in favor of certain vendors to secure merchandise. These trade LCs are issued for a defined period of time, for specific shipments, and generally expire three weeks after the merchandise shipment date. As of October 31, 2015 and January 31, 2015 , there were no outstanding trade LCs. Additionally, the Company enters into stand-by letters of credit ("stand-by LCs") on an as-needed basis to secure our payment obligations for merchandise purchases and other general and administrative expenses. As of October 31, 2015 and January 31, 2015 , outstanding stand-by LCs totaled $2.8 million and $2.5 million , respectively.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 31, 2015
Share-based Compensation [Abstract]
Share-Based Compensation	Share-Based Compensation The Company records the fair value of share-based payments to employees in the unaudited Consolidated Statements of Income and Comprehensive Income as compensation expense, net of forfeitures, over the requisite service period. Share-Based Compensation Plans The following summarizes share-based compensation expense: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) Restricted stock units and restricted stock $ 3,283 $ 2,670 $ 12,341 $ 8,017 Stock options 762 1,369 2,773 6,289 Total share-based compensation $ 4,045 $ 4,039 $ 15,114 $ 14,306 The stock compensation related income tax benefit recognized by the Company during the thirteen and thirty-nine weeks ended October 31, 2015 was $0.8 million and $4.6 million , respectively. The stock compensation related income tax benefit recognized by the Company during the thirteen and thirty-nine weeks ended November 1, 2014 was $0.2 million and $3.6 million , respectively. Stock Options During the thirty-nine weeks ended October 31, 2015 , the Company granted stock options under the Amended and Restated Express, Inc. 2010 Incentive Compensation Plan (the "2010 Plan"). The fair value of the stock options is determined using the Black-Scholes-Merton option-pricing model as described later in this note. Stock options granted in 2015 under the 2010 Plan vest 25% per year over four years or upon reaching retirement eligibility, defined as providing 10 years of service and being at least 55 years old. These options have a ten year contractual life. The expense for stock options is recognized using the straight-line attribution method. The Company's activity with respect to stock options during the thirty-nine weeks ended October 31, 2015 was as follows: Number of Shares Grant Date Weighted Average Exercise Price Per Share Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands, except per share amounts and years) Outstanding, January 31, 2015 3,470 $ 18.45 Granted 249 $ 16.37 Exercised (74 ) $ 17.17 Forfeited or expired (166 ) $ 19.11 Outstanding, October 31, 2015 3,479 $ 18.30 6.2 $ 6,045 Expected to vest at October 31, 2015 795 $ 17.21 8.2 $ 2,050 Exercisable at October 31, 2015 2,657 $ 18.64 5.6 $ 3,922 The following provides additional information regarding the Company's stock options: Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 (in thousands, except per share amounts) Weighted average grant date fair value of options granted (per share) $ 7.79 $ 8.51 Total intrinsic value of options exercised $ 175 $ — As of October 31, 2015 , there was approximately $3.9 million of total unrecognized compensation expense related to stock options, which is expected to be recognized over a weighted average period of approximately 1.4 years. The Company uses the Black-Scholes-Merton option-pricing model to value stock options granted to employees. The Company's determination of the fair value of stock options is affected by the Company's stock price as well as a number of subjective and complex assumptions. These assumptions include the risk-free interest rate, the Company's expected stock price volatility over the term of the award, expected term of the award, and dividend yield. The fair value of stock options was estimated at the grant date using the Black-Scholes-Merton option pricing model with the following weighted-average assumptions: Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 Risk-free interest rate (1) 1.60 % 1.90 % Price volatility (2) 47.81 % 54.73 % Expected term (years) (3) 6.25 6.25 Dividend yield (4) — — (1) Represents the yield on U.S. Treasury securities with a term consistent with the expected term of the stock options. (2) For the first two years following the initial public offering of the Company's common stock, this was based on the historical volatility of selected comparable companies over a period consistent with the expected term of the stock options because the Company had a limited history of being publicly traded. Comparable companies were selected primarily based on industry, stage of life cycle, and size. Beginning in May 2012, the Company began using its own volatility as an additional input in the determination of expected volatility. (3) Calculated utilizing the “simplified” methodology prescribed by Staff Accounting Bulletin No. 107 due to the lack of historical exercise data necessary to provide a reasonable basis upon which to estimate the term. (4) The Company does not currently plan on paying regular dividends. Restricted Stock Units and Restricted Stock During the thirty-nine weeks ended October 31, 2015 , the Company granted restricted stock units (“RSUs”) under the 2010 Plan, including 0.4 million RSUs with performance conditions. The fair value of RSUs is determined based on the Company's closing stock price on the day prior to the grant date in accordance with the 2010 Plan. The expense for RSUs without performance conditions is recognized using the straight-line attribution method. The expense for RSUs with performance conditions is recognized using the graded vesting method based on the expected achievement of the performance conditions. The RSUs with performance conditions are also subject to time-based vesting. All of the RSUs granted during the thirty-nine weeks ended October 31, 2015 that are earned based on the achievement of performance criteria will vest on April 15, 2018. RSUs without performance conditions vest ratably over four years. The Company's activity with respect to RSUs and restricted stock, including awards with performance conditions, for the thirty-nine weeks ended October 31, 2015 was as follows: Number of Shares Grant Date Weighted Average Fair Value Per Share (in thousands, except per share amounts) Unvested, January 31, 2015 1,435 $ 17.75 Granted (1) 1,289 $ 16.39 Performance Shares Adjustment (2) 363 $ 15.88 Vested (608 ) $ 18.14 Forfeited (178 ) $ 17.03 Unvested, October 31, 2015 2,301 $ 16.65 (1) Approximately 0.5 million RSUs with three -year performance conditions are included in this amount which represents 125% of the number of shares granted. This is based on current estimates against predefined financial performance targets ranging from 0% to 125% . (2) Relates to a change in estimate of RSUs with performance conditions granted in 2014. This amount represents 76% of the number of shares granted for which performance conditions are now expected to be met. The total fair value/intrinsic value of RSUs and restricted stock that vested during the thirty-nine weeks ended October 31, 2015 was $11.0 million . As of October 31, 2015 , there was approximately $24.1 million of total unrecognized compensation expense related to unvested RSUs and restricted stock, which is expected to be recognized over a weighted-average period of approximately 1.9 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time the Company is subject to various claims and contingencies arising out of the normal course of business. Management believes that the ultimate liability arising from such claims and contingencies, if any, is not likely to have a material adverse effect on the Company's results of operations, financial condition, or cash flows.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Oct. 31, 2015
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Share Repurchase Programs On May 28, 2014, the Company's Board of Directors (the "Board") authorized the repurchase of up to $100.0 million of the Company's common stock (the "2014 Repurchase Program"). During the thirteen and thirty-nine weeks ended October 31, 2015 , the Company repurchased 1.1 million shares of its common stock for an aggregate amount equal to $22.0 million , including commissions, under the 2014 Repurchase Program. Subsequent to October 31, 2015, the Company repurchased an additional 1.0 million shares of its common stock for an aggregate amount equal to $18.0 million , including commissions. The 2014 Repurchase Program expired on November 28, 2015, 18 months after its adoption. In total, the Company repurchased 2.1 million shares of its common stock under the 2014 Repurchase Program for an aggregate amount equal to $40.0 million , including commissions. On December 9, 2015, the Board approved a new share repurchase program which authorizes the Company to repurchase up to $100.0 million of the Company's common stock during the 12 month period following the approval using available cash, including cash on hand or cash available for borrowing under the Company's Revolving Credit Facility (the "2015 Repurchase Program"). Stockholder Rights Plan On June 12, 2014, the Board adopted a Stockholder Rights Plan (the “Rights Plan”). Under the Rights Plan, one right was distributed for each share of common stock outstanding at the close of business on June 23, 2014 and one right is to be issued for each new share of common stock issued thereafter. If any person or group acquires 10% or more of the Company’s outstanding common stock without the approval of the Board, there would be a triggering event entitling a registered holder to purchase from the Company one one-hundredth of a share of Participating Preferred Stock, par value $0.01 per share, for $70.00 subject to adjustment. Existing 10% or greater stockholders are grandfathered to the extent of their June 12, 2014 ownership levels. The Rights Plan was set to expire one year after it was adopted, on June 12, 2015. On June 10, 2015, the Board resolved to amend the Rights Plan in order to extend the expiration date. The amended Rights Plan is set to expire on June 10, 2016, unless it is ratified by a majority vote of the Company’s stockholders on or prior to such date (in which case the Rights Plan will expire on June 12, 2017) or unless earlier redeemed or terminated by the Company, as provided in the Rights Plan. The rights have no voting or dividend privileges, and, unless and until they become exercisable, have no dilutive effect on the earnings of the Company.

Description of Business and B17

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Oct. 31, 2015
Description of Business and Basis of Presentation [Abstract]
Use of Estimates in the Preparation of Financial Statements, Policy	Use of Estimates in the Preparation of Financial Statements 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 at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period, as well as the related disclosure of contingent assets and liabilities as of the date of the unaudited Consolidated Financial Statements. Actual results may differ from those estimates. The Company revises its estimates and assumptions as new information becomes available.
Segment Reporting, Policy	The Company defines an operating segment on the same basis that it uses to evaluate performance internally. The Company has determined that, together, its Chief Executive Officer and Chief Operating Officer are the Chief Operating Decision Maker and that there is one operating segment. Therefore, the Company reports results as a single segment, which includes the operations of its Express brick-and-mortar retail and outlet stores, e-commerce operations, and franchise business.
Fair Value of Financial Instruments, Policy [Policy Text Block]	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 as of the measurement date. Level 1-Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2-Valuation is based upon quoted prices for similar assets and liabilities in active markets or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3-Valuation is based upon other unobservable inputs that are significant to the fair value measurement.
LeaseFinancingObligations [Policy Text Block]	In certain lease arrangements, the Company is involved in the construction of the building. To the extent the Company is involved in the construction of structural improvements or takes construction risk prior to commencement of a lease, it is deemed the owner of the project for accounting purposes. Therefore, the Company records an asset in Property and Equipment on the unaudited Consolidated Balance Sheets, including any capitalized interest costs, and related liabilities in accrued interest and lease financing obligations in other long-term liabilities on the unaudited Consolidated Balance Sheets, for the replacement cost of the Company's portion of the pre-existing building plus the amount of construction costs incurred by the landlord as of the balance sheet date.
Share-based Compensation, Option and Incentive Plans Policy	The Company uses the Black-Scholes-Merton option-pricing model to value stock options granted to employees. The Company's determination of the fair value of stock options is affected by the Company's stock price as well as a number of subjective and complex assumptions. These assumptions include the risk-free interest rate, the Company's expected stock price volatility over the term of the award, expected term of the award, and dividend yield. The Company records the fair value of share-based payments to employees in the unaudited Consolidated Statements of Income and Comprehensive Income as compensation expense, net of forfeitures, over the requisite service period. Restricted Stock Units and Restricted Stock During the thirty-nine weeks ended October 31, 2015 , the Company granted restricted stock units (“RSUs”) under the 2010 Plan, including 0.4 million RSUs with performance conditions. The fair value of RSUs is determined based on the Company's closing stock price on the day prior to the grant date in accordance with the 2010 Plan. The expense for RSUs without performance conditions is recognized using the straight-line attribution method. The expense for RSUs with performance conditions is recognized using the graded vesting method based on the expected achievement of the performance conditions. The RSUs with performance conditions are also subject to time-based vesting. All of the RSUs granted during the thirty-nine weeks ended October 31, 2015 that are earned based on the achievement of performance criteria will vest on April 15, 2018. RSUs without performance conditions vest ratably over four years.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 31, 2015
Segment Reporting [Abstract]
Schedule of Revenue from External Customers by Channel	The following is information regarding the Company's major product categories and sales channels: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) (in thousands) Apparel $ 482,472 $ 438,552 $ 1,394,458 $ 1,259,465 Accessories and other 52,898 50,936 155,110 152,227 Other revenue 11,246 8,120 35,008 27,988 Total net sales $ 546,616 $ 497,608 $ 1,584,576 $ 1,439,680 Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) (in thousands) Stores $ 451,525 $ 410,355 $ 1,313,126 $ 1,201,748 E-commerce 83,845 79,133 236,442 209,944 Other revenue 11,246 8,120 35,008 27,988 Total net sales $ 546,616 $ 497,608 $ 1,584,576 $ 1,439,680

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table provides a reconciliation between basic and diluted weighted-average shares used to calculate basic and diluted earnings per share: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) Weighted-average shares - basic 84,240 84,189 84,453 84,122 Dilutive effect of stock options, restricted stock units, and restricted stock 609 416 556 368 Weighted-average shares - diluted 84,849 84,605 85,009 84,490

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the Company's financial assets measured at fair value on a recurring basis as of October 31, 2015 and January 31, 2015 , aggregated by the level in the fair value hierarchy within which those measurements fall. October 31, 2015 Level 1 Level 2 Level 3 (in thousands) U.S. treasury securities money market funds $ 2,002 $ — $ — January 31, 2015 Level 1 Level 2 Level 3 (in thousands) U.S. treasury securities money market funds $ 166,602 $ — $ —

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table provides the significant components of intangible assets: October 31, 2015 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,597 $ — $ 197,597 Licensing arrangements 1,425 268 1,157 $ 199,022 $ 268 $ 198,754 January 31, 2015 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,562 $ — $ 197,562 Net favorable lease obligations/licensing arrangements 21,175 19,906 1,269 $ 218,737 $ 19,906 $ 198,831

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2015
Share-based Compensation [Abstract]
Schedule of Shared-based Compensation Expense	The following summarizes share-based compensation expense: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (in thousands) Restricted stock units and restricted stock $ 3,283 $ 2,670 $ 12,341 $ 8,017 Stock options 762 1,369 2,773 6,289 Total share-based compensation $ 4,045 $ 4,039 $ 15,114 $ 14,306
Schedule of Share-based Compensation, Activity	The Company's activity with respect to stock options during the thirty-nine weeks ended October 31, 2015 was as follows: Number of Shares Grant Date Weighted Average Exercise Price Per Share Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands, except per share amounts and years) Outstanding, January 31, 2015 3,470 $ 18.45 Granted 249 $ 16.37 Exercised (74 ) $ 17.17 Forfeited or expired (166 ) $ 19.11 Outstanding, October 31, 2015 3,479 $ 18.30 6.2 $ 6,045 Expected to vest at October 31, 2015 795 $ 17.21 8.2 $ 2,050 Exercisable at October 31, 2015 2,657 $ 18.64 5.6 $ 3,922
Supplemental Options Data	The following provides additional information regarding the Company's stock options: Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 (in thousands, except per share amounts) Weighted average grant date fair value of options granted (per share) $ 7.79 $ 8.51 Total intrinsic value of options exercised $ 175 $ —
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value of stock options was estimated at the grant date using the Black-Scholes-Merton option pricing model with the following weighted-average assumptions: Thirty-Nine Weeks Ended October 31, 2015 November 1, 2014 Risk-free interest rate (1) 1.60 % 1.90 % Price volatility (2) 47.81 % 54.73 % Expected term (years) (3) 6.25 6.25 Dividend yield (4) — — (1) Represents the yield on U.S. Treasury securities with a term consistent with the expected term of the stock options. (2) For the first two years following the initial public offering of the Company's common stock, this was based on the historical volatility of selected comparable companies over a period consistent with the expected term of the stock options because the Company had a limited history of being publicly traded. Comparable companies were selected primarily based on industry, stage of life cycle, and size. Beginning in May 2012, the Company began using its own volatility as an additional input in the determination of expected volatility. (3) Calculated utilizing the “simplified” methodology prescribed by Staff Accounting Bulletin No. 107 due to the lack of historical exercise data necessary to provide a reasonable basis upon which to estimate the term. (4) The Company does not currently plan on paying regular dividends.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The Company's activity with respect to RSUs and restricted stock, including awards with performance conditions, for the thirty-nine weeks ended October 31, 2015 was as follows: Number of Shares Grant Date Weighted Average Fair Value Per Share (in thousands, except per share amounts) Unvested, January 31, 2015 1,435 $ 17.75 Granted (1) 1,289 $ 16.39 Performance Shares Adjustment (2) 363 $ 15.88 Vested (608 ) $ 18.14 Forfeited (178 ) $ 17.03 Unvested, October 31, 2015 2,301 $ 16.65 (1) Approximately 0.5 million RSUs with three -year performance conditions are included in this amount which represents 125% of the number of shares granted. This is based on current estimates against predefined financial performance targets ranging from 0% to 125% . (2) Relates to a change in estimate of RSUs with performance conditions granted in 2014. This amount represents 76% of the number of shares granted for which performance conditions are now expected to be met.

Description of Business and B23

Description of Business and Basis of Presentation (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015USD ($)stores	Nov. 01, 2014USD ($)	Oct. 31, 2015USD ($)stores	Nov. 01, 2014USD ($)	Jan. 31, 2015USD ($)
Description of Business and Basis of Presentation [Line Items]
Stores under franchise agreements | stores	33		33
Other	$ 28,788		$ 28,788		$ 14,277
DEFERRED TAX ASSETS	11,718		11,718		12,371
Accrued expenses	106,925		106,925		105,139
OTHER LONG-TERM LIABILITIES	112,518		112,518		$ 106,375
INCOME TAX EXPENSE	$ 16,949	$ 9,737	$ 39,058	$ 15,551
Retail [Member]
Description of Business and Basis of Presentation [Line Items]
Number of stores | stores	576		576
Outlet [Member]
Description of Business and Basis of Presentation [Line Items]
Number of stores | stores	78		78
Minimum [Member]
Description of Business and Basis of Presentation [Line Items]
Age of target customer			20 years
Maximum [Member]
Description of Business and Basis of Presentation [Line Items]
Age of target customer			30 years
Restatement Adjustment [Member]
Description of Business and Basis of Presentation [Line Items]
Other	$ 5,700		$ 5,700
DEFERRED TAX ASSETS	(400)		(400)
Accrued expenses	(1,400)		(1,400)
OTHER LONG-TERM LIABILITIES	7,000		7,000
INCOME TAX EXPENSE	$ 300		$ 300

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015USD ($)	Nov. 01, 2014USD ($)	Oct. 31, 2015USD ($)segment	Nov. 01, 2014USD ($)
Revenue from External Customers [Line Items]
Number of operating segments | segment			1
Net sales	$ 546,616	$ 497,608	$ 1,584,576	$ 1,439,680
Apparel [Member]
Revenue from External Customers [Line Items]
Net sales	482,472	438,552	1,394,458	1,259,465
Accessories and other [Member]
Revenue from External Customers [Line Items]
Net sales	52,898	50,936	155,110	152,227
Stores [Member]
Revenue from External Customers [Line Items]
Net sales	451,525	410,355	1,313,126	1,201,748
E-commerce [Member]
Revenue from External Customers [Line Items]
Net sales	83,845	79,133	236,442	209,944
Other Revenue [Member]
Revenue from External Customers [Line Items]
Net sales	$ 11,246	$ 8,120	$ 35,008	$ 27,988

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Earnings Per Share [Abstract]
Weighted average shares - basic	84,240	84,189	84,453	84,122
Dilutive effect of stock options, restricted stock units, and restricted stock	609	416	556	368
Weighted average shares - diluted	84,849	84,605	85,009	84,490
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share	800		800
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share	1,100	4,300	2,400	4,100

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015USD ($)	Nov. 01, 2014USD ($)stores	Oct. 31, 2015USD ($)	Nov. 01, 2014USD ($)stores	Jan. 31, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	$ 0	$ 2,300	$ 0	$ 5,087
Number of stores impaired during the period | stores		3		9
Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. treasury securities money market funds	2,002		2,002		$ 166,602
Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. treasury securities money market funds	0		0		0
Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. treasury securities money market funds	$ 0		$ 0		$ 0

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015
Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets		$ 197,597		$ 197,562
Intangible assets, cost		199,022		218,737
Accumulated amortization		268		19,906
Intangible assets, net		198,754		198,831
Amortization of intangible assets	$ 200	100	$ 600
Net favorable lease obligations/licensing arrangements [Member]
Intangible Assets by Major Class [Line Items]
Finite-lived intangible assets, cost		1,425		21,175
Accumulated amortization		268		19,906
Finite-lived intangible assets, net		$ 1,157		$ 1,269
Finite-lived intangible assets, useful life		10 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate	39.20%	40.00%	39.30%	37.00%
Tax benefit from the release of uncertain tax positions		$ 1.7

Lease Financing Obligations (De

Lease Financing Obligations (Details) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015
Leases [Abstract]
Landlord funded construction, replacement cost of pre-existing property, and capitalized interest	$ 68.3	$ 71
Lease financing obligations	$ 69.9	$ 70.9

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility (Details) - Line of Credit [Member]	9 Months Ended
	Oct. 31, 2015USD ($)	May. 20, 2015USD ($)	Jul. 29, 2011USD ($)
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 250,000,000	$ 200,000,000
Amount outstanding	$ 0
Remaining borrowing capacity	247,200,000
Swingline advance	30,000,000
Letter of credit availability	$ 45,000,000
Percent per annum above federal funds rate	0.50%
Percent above Eurodollar rate	1.00%
Minimum margin for Eurodollar rate-based advances	1.50%
Maximum margin for Eurodollar rate-based advances	2.00%
Commitment fee percentage	0.25%
Percent of borrowing base restriction	12.50%
Number of days in excess availability restriction	5 days
Fixed charge ratio, Numerator	1
Percent of borrowing base in fixed charge coverage ratio restriction	10.00%

Debt - Senior Notes (Details)

Debt - Senior Notes (Details) - Senior Notes [Member] - USD ($)	Mar. 01, 2015	Jan. 31, 2015	Mar. 05, 2010
Debt Instrument [Line Items]
Face amount of debt			$ 250,000,000
Interest rate			8.75%
Offering price percentage			98.60%
Debt outstanding	$ 200,900,000	$ 200,900,000
Redemption price percent	102.19%
Repayments of senior debt	$ 205,300,000

Debt - Loss on Extinguishment (

Debt - Loss on Extinguishment (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Debt Instrument [Line Items]
Write off of Deferred Debt Issuance Cost	$ 5,314	$ 0
Senior Notes [Member]
Debt Instrument [Line Items]
Non-cash loss on extinguishment of debt	9,700
Redemption premium	4,400
Write off of Deferred Debt Issuance Cost	$ 5,300

Debt - Letters of Credit (Detai

Debt - Letters of Credit (Details) - Letter of Credit [Member] - USD ($)	Oct. 31, 2015	Jan. 31, 2015
Trade LCs [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	$ 0	$ 0
Stand-by LCs [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	$ 2,800,000	$ 2,500,000

Share-Based Compensation - Cost

Share-Based Compensation - Cost by Award Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$ 4,045	$ 4,039	$ 15,114	$ 14,306
Tax benefit from share-based compensation expense	800	200	4,600	3,600
Restricted Stock Units and Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	3,283	2,670	12,341	8,017
Stock Options [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$ 762	$ 1,369	$ 2,773	$ 6,289

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Options (Details)	9 Months Ended
	Oct. 31, 2015
Vesting Details [Line Items]
Contractual term	6 years 2 months 1 day
Stock Options [Member]
Vesting Details [Line Items]
Award vesting percentage	25.00%
Award vesting period	4 years
Requisite service period for retirement eligibility	10 years
Minimum age of individual for retirement eligibility	55 years
Contractual term	10 years

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Number of Shares
Stock Options Outstanding at beginning of period	3,470
Stock Options Granted	249
Stock Options Exercised	(74)
Stock Options Forfeited or expired	(166)
Stock Options Outstanding at end of period	3,479
Stock Options Expected to Vest at end of period	795
Stock Options Exercisable at end of period	2,657
Grant Date Weighted Average Exercise Price Per Share
Grant Date Weighted Average Exercise Price of Options Outstanding at beginning of period (usd per share)	$ 18.45
Grant Date Weighted Average Exercise Price of Options Granted (usd per share)	16.37
Grant Date Weighted Average Exercise Price of Options Exercised (usd per share)	17.17
Grant Date Weighted Average Exercise Price of Options Forfeited or expired (usd per share)	19.11
Grant Date Weighted Average Exercise Price of Options Outstanding at end of period (usd per share)	18.30
Grant Date Weighted Average Exercise Price of Options Expected to Vest at end of period (usd per share)	17.21
Grant Date Weighted Average Exercise Price of Options Exercisable at end of period (usd per share)	$ 18.64
Weighted-Average Remaining Contractual Life (in years)
Weighted Average Remaining Contractual Life of Options Outstanding (in years)	6 years 2 months 1 day
Weighted Average Remaining Contractual Life of Options Expected to Vest at end of period (in years)	8 years 2 months 1 day
Weighted Average Remaining Contractual Life of Options Exercisable at end of period (in years)	5 years 7 months 1 day
Aggregate Intrinsic Value
Aggregate Intrinsic Value of Options Outstanding at end of period	$ 6,045
Aggregate Intrinsic Value of Options Expected to Vest at end of period	2,050
Aggregate Intrinsic Value of Options Exercisable at end of period	$ 3,922
Company's Stock Options
Weighted average grant date fair value of options granted (usd per share)	$ 7.79	$ 8.51
Total intrinsic value of options exercised	$ 175	$ 0

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Compensation Expense and Period for Recognition (Details) $ in Millions	9 Months Ended
	Oct. 31, 2015USD ($)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense	$ 3.9
Period for recognition	1 year 5 months 11 days
Restricted Stock Units and Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense	$ 24.1
Period for recognition	1 year 11 months 2 days

Share-Based Compensation - Valu

Share-Based Compensation - Valuation Assumptions (Details) - Stock Option [Member]		9 Months Ended
		Oct. 31, 2015	Nov. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	[1]	1.60%	1.90%
Price volatility	[2]	47.81%	54.73%
Expected term	[3]	6 years 3 months	6 years 3 months
Dividend yield	[4]	0.00%	0.00%
[1]	Represents the yield on U.S. Treasury securities with a term consistent with the expected term of the stock options.
[2]	For the first two years following the initial public offering of the Company's common stock, this was based on the historical volatility of selected comparable companies over a period consistent with the expected term of the stock options because the Company had a limited history of being publicly traded. Comparable companies were selected primarily based on industry, stage of life cycle, and size. Beginning in May 2012, the Company began using its own volatility as an additional input in the determination of expected volatility.
[3]	Calculated utilizing the “simplified” methodology prescribed by Staff Accounting Bulletin No. 107 due to the lack of historical exercise data necessary to provide a reasonable basis upon which to estimate the term.
[4]	The Company does not currently plan on paying regular dividends.

Share-Based Compensation - Sc39

Share-Based Compensation - Schedule of Restricted Stock and Restricted Stock Units (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions		9 Months Ended	12 Months Ended
		Oct. 31, 2015	Jan. 31, 2015
Grant Date Weighted Average Fair Value Per Share
Percent of grants in period		125.00%
Change in percent of grants from prior period			76.00%
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
Grant Date Weighted Average Fair Value Per Share
Fair value of options vested		$ 11
Performance-based Restricted Stock Units [Member]
Number of Shares
Awards Granted		500
Grant Date Weighted Average Fair Value Per Share
Performance condition period		3 years
Performance-based Restricted Stock Units [Member] | Minimum [Member]
Grant Date Weighted Average Fair Value Per Share
Target percentage of equity awards earned		0.00%
Performance-based Restricted Stock Units [Member] | Maximum [Member]
Grant Date Weighted Average Fair Value Per Share
Target percentage of equity awards earned		125.00%
RSUs and Restricted Stock [Member]
Number of Shares
Awards Unvested at beginning of period		1,435
Awards Granted	[1]	1,289
Performance Shares Adjustment	[2]	363
Awards Vested		(608)
Awards Forfeited		(178)
Awards Unvested at end of period		2,301	1,435
Grant Date Weighted Average Fair Value Per Share
Awards, grant date weighted average fair value at beginning of period (usd per share)		$ 17.75
Awards, grant date weighted average fair value, shares granted (usd per share)	[1]	16.39
Awards, grant date weighted average fair value, change in performance shares adjustment (usd per share)	[2]	15.88
Awards, grant date weighted average fair value, shares vested (usd per share)		18.14
Awards, grant date weighted average fair value, shares forfeited (usd per share)		17.03
Awards, grant date weighted average fair value at end of period (usd per share)		$ 16.65	$ 17.75
2010 Plan [Member] | Performance-based Restricted Stock Units [Member]
Number of Shares
Awards Granted		400
[1]	Approximately 0.5 million RSUs with three-year performance conditions are included in this amount which represents 125% of the number of shares granted. This is based on current estimates against predefined financial performance targets ranging from 0% to 125%
[2]	Relates to a change in estimate of RSUs with performance conditions granted in 2014. This amount represents 76% of the number of shares granted for which performance conditions are now expected to be met.

Stockholders' Equity Share Repu

Stockholders' Equity Share Repurchase Programs (Details) - USD ($) shares in Millions	1 Months Ended	3 Months Ended	9 Months Ended	18 Months Ended
	Nov. 28, 2015	Oct. 31, 2015	Oct. 31, 2015	Nov. 28, 2015	Dec. 09, 2015	May. 28, 2014
2014 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount						$ 100,000,000
Treasury Stock, Shares, Acquired		1.1	1.1
Treasury Stock, Value, Acquired, Cost Method		$ 22,000,000	$ 22,000,000
2014 Share Repurchase Program [Member] | Subsequent Event [Member]
Equity, Class of Treasury Stock [Line Items]
Treasury Stock, Shares, Acquired	1			2.1
Treasury Stock, Value, Acquired, Cost Method	$ 18,000,000			$ 40,000,000
2015 Share Repurchase Program [Member] | Subsequent Event [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 100,000,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	Oct. 31, 2015	Jan. 31, 2015	Jun. 12, 2014
Class of Warrant or Right [Line Items]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Stockholder Rights Plan [Member]
Class of Warrant or Right [Line Items]
Percent of outstanding stock acquired			10.00%
Number of securities called by each warrant			0.01
Exercise price			$ 70