Express (EXPRQ) 10-Q 8 Jun 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2016	May. 28, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	EXPRESS, INC.
Entity Central Index Key	1,483,510
Current Fiscal Year End Date	--01-28
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Apr. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		79,091,942

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 111,033	$ 186,903
Receivables, net	16,538	22,130
Inventories	281,348	255,350
Prepaid minimum rent	30,677	30,694
Other	19,863	18,342
Total current assets	459,459	513,419
PROPERTY AND EQUIPMENT	958,626	948,608
Less: accumulated depreciation	(511,352)	(504,211)
Property and equipment, net	447,274	444,397
TRADENAME/DOMAIN NAMES/TRADEMARKS	197,597	197,597
DEFERRED TAX ASSETS	21,461	21,227
OTHER ASSETS	1,909	2,004
Total assets	1,127,700	1,178,644
CURRENT LIABILITIES:
Accounts payable	146,019	149,884
Deferred revenue	27,773	30,895
Accrued expenses	169,260	126,624
Total current liabilities	343,052	307,403
DEFERRED LEASE CREDITS	142,115	139,236
OTHER LONG-TERM LIABILITIES	48,962	114,052
Total liabilities	$ 534,129	$ 560,691
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; 91,970 shares and 91,127 shares issued at April 30, 2016 and January 30, 2016, respectively, and 79,044 shares and 80,914 shares outstanding at April 30, 2016 and January 30, 2016, respectively	920	911
Additional paid-in capital	176,578	169,515
Accumulated other comprehensive loss	(3,134)	(4,665)
Retained earnings	646,180	633,298
Treasury stock – at average cost; 12,926 shares and 10,213 shares at April 30, 2016 and January 30, 2016, respectively	(226,973)	(181,106)
Total stockholders’ equity	593,571	617,953
Total liabilities and stockholders’ equity	$ 1,127,700	$ 1,178,644

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Apr. 30, 2016	Jan. 30, 2016
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	91,970,000	91,127,000
Common stock, shares outstanding	79,044,000	80,914,000
Treasury stock, shares	12,926,000	10,213,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Income Statement [Abstract]
NET SALES	$ 502,909	$ 502,378
COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS	335,161	335,934
Gross profit	167,748	166,444
OPERATING EXPENSES:
Selling, general, and administrative expenses	135,762	133,176
Other operating expense (income), net	165	(680)
Total operating expenses	135,927	132,496
OPERATING INCOME	31,821	33,948
INTEREST EXPENSE, NET	11,731	12,313
OTHER INCOME, NET	(690)	(349)
INCOME BEFORE INCOME TAXES	20,780	21,984
INCOME TAX EXPENSE	7,898	8,922
NET INCOME	12,882	13,062
OTHER COMPREHENSIVE INCOME:
Foreign currency translation gain	1,531	721
COMPREHENSIVE INCOME	$ 14,413	$ 13,783
EARNINGS PER SHARE:
Basic (usd per share)	$ 0.16	$ 0.15
Diluted (usd per share)	$ 0.16	$ 0.15
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)	79,063	84,443
Diluted (in shares)	79,914	84,978

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 12,882	$ 13,062
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,783	18,809
Loss on disposal of property and equipment	290	304
Amortization of lease financing obligation discount	11,354	0
Excess tax benefit from share-based compensation	0	(116)
Share-based compensation	4,368	3,851
Non-cash loss on extinguishment of debt	0	5,255
Deferred taxes	(235)	22
Landlord allowance amortization	(2,138)	(2,742)
Payment of original issue discount	0	(2,812)
Changes in operating assets and liabilities:
Receivables, net	5,633	5,066
Inventories	(25,600)	(24,696)
Accounts payable, deferred revenue, and accrued expenses	(42,534)	(13,122)
Other assets and liabilities	3,536	2,487
Net cash (used in) provided by operating activities	(15,661)	5,368
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(18,247)	(23,148)
Net cash used in investing activities	(18,247)	(23,148)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of long-term debt	0	(198,038)
Payments on lease financing obligations	(389)	(383)
Excess tax benefit from share-based compensation	0	116
Proceeds from exercise of stock options	2,703	0
Repurchase of common stock under share repurchase plan (see Note 11)	(41,527)	0
Repurchase of shares for tax withholding obligations	(4,340)	(2,912)
Net cash used in financing activities	(43,553)	(201,217)
EFFECT OF EXCHANGE RATE ON CASH	1,591	536
NET DECREASE IN CASH AND CASH EQUIVALENTS	(75,870)	(218,461)
CASH AND CASH EQUIVALENTS, Beginning of period	186,903	346,159
CASH AND CASH EQUIVALENTS, End of period	$ 111,033	$ 127,698

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 , Express operated 558 primarily mall-based retail stores in the United States, Canada, and Puerto Rico as well as 85 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 that sell Express-branded apparel and accessories purchased directly from the Company. During the fourth quarter of 2015, the Company made a strategic decision to exit its franchise agreements in the Middle East and South Africa. All 15 of these locations are expected to be closed by the end of 2016. 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 " 2016 " and " 2015 " represent the 52-week periods ended January 28, 2017 and January 30, 2016 , respectively. All references herein to “the first quarter of 2016 ” and “the first quarter of 2015 ” represent the thirteen weeks ended April 30, 2016 and May 2, 2015 , 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 and therefore 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 2016 . Therefore, these statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto for the year ended January 30, 2016 , included in the Company's Annual Report on Form 10-K, filed with the SEC on March 30, 2016 . 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 revenue and expense 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. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09. ASU 2014-09 supersedes the revenue recognition requirements in "Revenue Recognition (Topic 605)," and 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 to which the entity expects to be entitled to in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contracts with Customers (Topic 606)," which defers the effective date of ASU 2014-09 to annual and interim reporting periods beginning after December 15, 2017 with early application permitted for annual and interim reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact that adopting this standard will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases" (Topic 842). ASU 2016-02 requires entities to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about leasing arrangements. Under ASU 2016-02, a lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term on its balance sheet. The new standard is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2016-02 mandates a modified retrospective transition method with early adoption permitted. The Company is currently evaluating the impact that adopting ASU 2016-02 will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." ASU 2016-09 simplifies several of the elements of accounting for share-based payments, including recognizing all excess tax benefits and tax deficiencies in the income statement immediately, allowing an entity to elect to either estimate the total number of awards that will vest or recognize forfeitures when they occur, modifying the tax withholding threshold to qualify for equity classification up to the employees' maximum statutory tax withholding, and clarifying the classification for excess tax benefits on the statement of cash flows. The Company elected to early adopt the new standard in the first quarter of 2016 on a prospective basis. The impact of adoption did not have a material impact on the Company’s financial position, results of operations, or cash flows. The Company will continue to estimate forfeitures expected to occur in determining the amount of compensation cost to be recognized in each period.

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 30, 2016
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 President and Chief Executive Officer and its 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 operation of its Express brick-and-mortar retail and outlet stores, e-commerce operations, and franchise operations. The following is information regarding the Company's major product categories and sales channels: Thirteen Weeks Ended April 30, 2016 May 2, 2015 (in thousands) Apparel $ 441,243 $ 443,465 Accessories and other 52,652 49,245 Other revenue 9,014 9,668 Total net sales $ 502,909 $ 502,378 Thirteen Weeks Ended April 30, 2016 May 2, 2015 (in thousands) Stores $ 416,902 $ 415,074 E-commerce 76,993 77,636 Other revenue 9,014 9,668 Total net sales $ 502,909 $ 502,378 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 weeks ended and as of April 30, 2016 and May 2, 2015 , 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	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 May 2, 2015 (in thousands) Weighted-average shares - basic 79,063 84,443 Dilutive effect of stock options, restricted stock units, and restricted stock 851 535 Weighted-average shares - diluted 79,914 84,978 Equity awards representing 1.2 million and 4.4 million shares of common stock were excluded from the computation of diluted earnings per share for the thirteen weeks ended April 30, 2016 and thirteen weeks ended May 2, 2015 , respectively, as the inclusion of these awards would have been anti-dilutive. Additionally, for the thirteen weeks ended April 30, 2016 , 0.7 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 April 30, 2016 .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 and January 30, 2016 , aggregated by the level in the fair value hierarchy within which those measurements fall. April 30, 2016 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 70,667 $ — $ — January 30, 2016 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 152,069 $ — $ — The carrying amounts reflected on the unaudited Consolidated Balance Sheets for cash, cash equivalents, receivables, prepaid expenses, and payables as of April 30, 2016 and January 30, 2016 approximated their fair values.

Intangible Assets

Intangible Assets	3 Months Ended
	Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets The following table provides the significant components of intangible assets: April 30, 2016 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,597 $ — $ 197,597 Licensing arrangements 425 184 241 $ 198,022 $ 184 $ 197,838 January 30, 2016 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,597 $ — $ 197,597 Licensing arrangements 425 172 253 $ 198,022 $ 172 $ 197,850 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 April 30, 2016 and the thirteen weeks ended May 2, 2015 .

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2016
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 38.0% and 40.6% for the thirteen weeks ended April 30, 2016 and May 2, 2015 , respectively. Effective June 8, 2016, the Chairman of the Company's Board of Directors (the "Board") is retiring. In accordance with the Amended and Restated Express, Inc. 2010 Incentive Compensation Plan (the "2010 Plan"), he has 90 days from this date to exercise certain stock options. The expiration of these options could impact the realization of certain deferred tax assets and therefore result in an increase in income tax expense of up to $4.2 million with a corresponding decrease to deferred tax assets at the end of the 90-day period.

Lease Financing Obligations

Lease Financing Obligations	3 Months Ended
	Apr. 30, 2016
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 $66.5 million and $67.4 million , as of April 30, 2016 and January 30, 2016 , respectively. There was also $5.6 million and $69.6 million of lease financing obligations as of April 30, 2016 and January 30, 2016 , respectively, in other long-term liabilities on the unaudited Consolidated Balance Sheets. In the first quarter, $63.7 million was reclassified to accrued expenses as a result of the amendment to the Times Square store lease discussed further below. 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 buildings 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. In February 2016, the Company amended its lease arrangement with the landlord of the Times Square Flagship store. The Company had previously determined it was the owner for accounting purposes based on assessment of the lease arrangement at inception as described above. The amendment provides the landlord with the option to cancel the lease upon sufficient notice through December 31, 2016. If the landlord exercises this option, the Company will be required to make a cash payment of $15 million to the landlord. In conjunction with amending the agreement, the Company recognized an $11.4 million put option liability and a related offset as a discount on the lease financing obligation. The discount was amortized over the shortest period under which the landlord was able to exercise this option ( 60 days). This resulted in the full amortization of the $11.4 million discount during the first quarter of 2016. The amortization of the discount was recorded as interest expense. As of April 30, 2016 , the fair value of the put option was $10.6 million and is included within accrued expenses on the unaudited Consolidated Balance Sheet. The Company has also reclassified the related lease financing obligation in the amount of $63.7 million from other long-term liabilities to accrued expenses on the unaudited Consolidated Balance Sheet.

Debt

Debt	3 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt A summary of the Company's financing activities are as follows: Revolving Credit Facility On May 20, 2015, Express Holding, LLC, a wholly-owned subsidiary ("Express Holding"), and its subsidiaries entered into an Amended and Restated $250.0 million secured Asset-Based Credit Facility ("Revolving Credit Facility"). The expiration date of the facility is May 20, 2020. As of April 30, 2016 , there were no borrowings outstanding and approximately $247.6 million available under the Revolving Credit Facility. 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., 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. On March 1, 2015, the outstanding notes in the amount of $200.9 million were redeemed in full 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. The redemption premium represented approximately $4.4 million of this loss on extinguishment. 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 stand-by letters of credit ("stand-by LCs") on an as-needed basis to secure payment obligations for merchandise purchases and other general and administrative expenses. As of April 30, 2016 and January 30, 2016 , outstanding stand-by LCs totaled $2.4 million and $2.8 million , respectively.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 May 2, 2015 (in thousands) Restricted stock units and restricted stock $ 3,305 $ 2,607 Stock options 1,063 1,244 Total share-based compensation $ 4,368 $ 3,851 The stock compensation related income tax benefit recognized by the Company during the thirteen weeks ended April 30, 2016 and thirteen weeks ended May 2, 2015 was $5.5 million and $2.7 million , respectively. Stock Options During the thirteen weeks ended April 30, 2016 , the Company granted stock options under 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 2016 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 thirteen weeks ended April 30, 2016 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, 2016 3,446 $ 18.31 Granted 229 $ 21.14 Exercised (156 ) $ 17.35 Forfeited or expired (29 ) $ 20.13 Outstanding, April 30, 2016 3,490 $ 18.52 6.0 $ 2,793 Expected to vest at April 30, 2016 632 $ 17.96 8.6 $ 804 Exercisable at April 30, 2016 2,820 $ 18.63 5.4 $ 1,962 The following table provides additional information regarding the Company's stock options: Thirteen Weeks Ended April 30, 2016 May 2, 2015 (in thousands, except per share amounts) Weighted average grant date fair value of options granted (per share) $ 9.50 $ 7.76 Total intrinsic value of options exercised $ 536 $ — As of April 30, 2016 , there was approximately $3.8 million of total unrecognized compensation expense related to stock options, which is expected to be recognized over a weighted average period of approximately 1.8 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: Thirteen Weeks Ended April 30, 2016 May 2, 2015 Risk-free interest rate (1) 1.60 % 1.59 % Price volatility (2) 43.15 % 47.93 % Expected term (years) (3) 6.54 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) Beginning in 2016, the Company calculated the expected term assumption using the midpoint scenario, which combines historical exercise data with hypothetical exercise data for outstanding options, as the Company believes this data currently represents the best estimate of the expected term of new employee options. (4) The Company does not currently plan on paying regular dividends. Restricted Stock Units and Restricted Stock During the thirteen weeks ended April 30, 2016 , the Company granted restricted stock units (“RSUs”) under the 2010 Plan, including 0.3 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 thirteen weeks ended April 30, 2016 that are earned based on the achievement of performance criteria will vest on April 15, 2019. 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 thirteen weeks ended April 30, 2016 was as follows: Number of Shares Grant Date Weighted Average Fair Value Per Share (in thousands, except per share amounts) Unvested, January 31, 2016 2,212 $ 16.66 Granted (1) 926 $ 21.14 Vested (713 ) $ 17.22 Forfeited (105 ) $ 17.44 Unvested, April 30, 2016 2,320 $ 18.24 (1) Approximately 0.3 million RSUs with three -year performance conditions are included in this amount, which represents 100% of the number of shares granted. This is based on current estimates against predefined financial performance targets ranging from 0% to 200% . The total fair value/intrinsic value of RSUs and restricted stock that vested during the thirteen weeks ended April 30, 2016 was $12.3 million . As of April 30, 2016 , there was approximately $33.1 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 2.2 years.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2016
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	3 Months Ended
	Apr. 30, 2016
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Share Repurchase Program 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"). During the thirteen weeks ended April 30, 2016 , the Company repurchased 2.5 million shares of its common stock under the 2015 Repurchase Program for an aggregate amount equal to $41.5 million , including commissions. The remaining amount available for repurchase under the 2015 Repurchase Program was $30.0 million as of April 30, 2016 .

Description of Business and B17

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Apr. 30, 2016
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 revenue and expense 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.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09. ASU 2014-09 supersedes the revenue recognition requirements in "Revenue Recognition (Topic 605)," and 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 to which the entity expects to be entitled to in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contracts with Customers (Topic 606)," which defers the effective date of ASU 2014-09 to annual and interim reporting periods beginning after December 15, 2017 with early application permitted for annual and interim reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact that adopting this standard will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases" (Topic 842). ASU 2016-02 requires entities to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about leasing arrangements. Under ASU 2016-02, a lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term on its balance sheet. The new standard is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2016-02 mandates a modified retrospective transition method with early adoption permitted. The Company is currently evaluating the impact that adopting ASU 2016-02 will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." ASU 2016-09 simplifies several of the elements of accounting for share-based payments, including recognizing all excess tax benefits and tax deficiencies in the income statement immediately, allowing an entity to elect to either estimate the total number of awards that will vest or recognize forfeitures when they occur, modifying the tax withholding threshold to qualify for equity classification up to the employees' maximum statutory tax withholding, and clarifying the classification for excess tax benefits on the statement of cash flows. The Company elected to early adopt the new standard in the first quarter of 2016 on a prospective basis. The impact of adoption did not have a material impact on the Company’s financial position, results of operations, or cash flows. The Company will continue to estimate forfeitures expected to occur in determining the amount of compensation cost to be recognized in each period.
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 President and Chief Executive Officer and its 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 operation of its Express brick-and-mortar retail and outlet stores, e-commerce operations, and franchise operations.
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	Restricted Stock Units and Restricted Stock During the thirteen weeks ended April 30, 2016 , the Company granted restricted stock units (“RSUs”) under the 2010 Plan, including 0.3 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 thirteen weeks ended April 30, 2016 that are earned based on the achievement of performance criteria will vest on April 15, 2019. RSUs without performance conditions vest ratably over four years. 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. 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.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 May 2, 2015 (in thousands) Apparel $ 441,243 $ 443,465 Accessories and other 52,652 49,245 Other revenue 9,014 9,668 Total net sales $ 502,909 $ 502,378 Thirteen Weeks Ended April 30, 2016 May 2, 2015 (in thousands) Stores $ 416,902 $ 415,074 E-commerce 76,993 77,636 Other revenue 9,014 9,668 Total net sales $ 502,909 $ 502,378

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 May 2, 2015 (in thousands) Weighted-average shares - basic 79,063 84,443 Dilutive effect of stock options, restricted stock units, and restricted stock 851 535 Weighted-average shares - diluted 79,914 84,978

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2016
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 April 30, 2016 and January 30, 2016 , aggregated by the level in the fair value hierarchy within which those measurements fall. April 30, 2016 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 70,667 $ — $ — January 30, 2016 Level 1 Level 2 Level 3 (in thousands) Money market funds $ 152,069 $ — $ —

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table provides the significant components of intangible assets: April 30, 2016 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,597 $ — $ 197,597 Licensing arrangements 425 184 241 $ 198,022 $ 184 $ 197,838 January 30, 2016 Cost Accumulated Amortization Ending Net Balance (in thousands) Tradename/domain names/trademarks $ 197,597 $ — $ 197,597 Licensing arrangements 425 172 253 $ 198,022 $ 172 $ 197,850

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Apr. 30, 2016
Share-based Compensation [Abstract]
Schedule of Shared-based Compensation Expense	The following summarizes share-based compensation expense: Thirteen Weeks Ended April 30, 2016 May 2, 2015 (in thousands) Restricted stock units and restricted stock $ 3,305 $ 2,607 Stock options 1,063 1,244 Total share-based compensation $ 4,368 $ 3,851
Schedule of Share-based Compensation, Activity	The Company's activity with respect to stock options during the thirteen weeks ended April 30, 2016 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, 2016 3,446 $ 18.31 Granted 229 $ 21.14 Exercised (156 ) $ 17.35 Forfeited or expired (29 ) $ 20.13 Outstanding, April 30, 2016 3,490 $ 18.52 6.0 $ 2,793 Expected to vest at April 30, 2016 632 $ 17.96 8.6 $ 804 Exercisable at April 30, 2016 2,820 $ 18.63 5.4 $ 1,962
Supplemental Options Data	The following table provides additional information regarding the Company's stock options: Thirteen Weeks Ended April 30, 2016 May 2, 2015 (in thousands, except per share amounts) Weighted average grant date fair value of options granted (per share) $ 9.50 $ 7.76 Total intrinsic value of options exercised $ 536 $ —
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: Thirteen Weeks Ended April 30, 2016 May 2, 2015 Risk-free interest rate (1) 1.60 % 1.59 % Price volatility (2) 43.15 % 47.93 % Expected term (years) (3) 6.54 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) Beginning in 2016, the Company calculated the expected term assumption using the midpoint scenario, which combines historical exercise data with hypothetical exercise data for outstanding options, as the Company believes this data currently represents the best estimate of the expected term of new employee options. (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 thirteen weeks ended April 30, 2016 was as follows: Number of Shares Grant Date Weighted Average Fair Value Per Share (in thousands, except per share amounts) Unvested, January 31, 2016 2,212 $ 16.66 Granted (1) 926 $ 21.14 Vested (713 ) $ 17.22 Forfeited (105 ) $ 17.44 Unvested, April 30, 2016 2,320 $ 18.24 (1) Approximately 0.3 million RSUs with three -year performance conditions are included in this amount, which represents 100% of the number of shares granted. This is based on current estimates against predefined financial performance targets ranging from 0% to 200% .

Description of Business and B23

Description of Business and Basis of Presentation (Details)	3 Months Ended
	Apr. 30, 2016stores
Description of Business and Basis of Presentation [Line Items]
Stores under franchise agreements	33
Stores Under Franchise Agreements Closing	15
Retail [Member]
Description of Business and Basis of Presentation [Line Items]
Number of stores	558
Outlet [Member]
Description of Business and Basis of Presentation [Line Items]
Number of stores	85
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

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2016USD ($)segment	May. 02, 2015USD ($)
Revenue from External Customers [Line Items]
Number of operating segments | segment	1
Net sales	$ 502,909	$ 502,378
Apparel [Member]
Revenue from External Customers [Line Items]
Net sales	441,243	443,465
Accessories and other [Member]
Revenue from External Customers [Line Items]
Net sales	52,652	49,245
Stores [Member]
Revenue from External Customers [Line Items]
Net sales	416,902	415,074
E-commerce [Member]
Revenue from External Customers [Line Items]
Net sales	76,993	77,636
Other Revenue [Member]
Revenue from External Customers [Line Items]
Net sales	$ 9,014	$ 9,668

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Earnings Per Share [Abstract]
Weighted average shares - basic	79,063	84,443
Dilutive effect of stock options, restricted stock units, and restricted stock	851	535
Weighted average shares - diluted	79,914	84,978
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share	1,200	4,400
Performance-based Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share	700

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Recurring [Member] - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 70,667	$ 152,069
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 0	$ 0

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	Jan. 30, 2016
Intangible Assets by Major Class [Line Items]
TRADENAME/DOMAIN NAMES/TRADEMARKS	$ 197,597	$ 197,597
Intangible assets, cost	198,022	198,022
Accumulated amortization	184	172
Intangible assets, net	197,838	197,850
Licensing arrangements [Member]
Intangible Assets by Major Class [Line Items]
Finite-lived intangible assets, cost	425	425
Accumulated amortization	184	172
Finite-lived intangible assets, net	$ 241	$ 253
Finite-lived intangible assets, useful life	10 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate	38.00%	40.60%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ 4.2
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
OptionsExpirationAfterRetirementOrTermination	90 days

Lease Financing Obligations (De

Lease Financing Obligations (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended
	Apr. 22, 2016	Apr. 30, 2016	May. 02, 2015	Feb. 22, 2016	Jan. 30, 2016
Leases [Abstract]
Landlord funded construction, replacement cost of pre-existing property, and capitalized interest		$ 66,500			$ 67,400
Lease financing obligations		5,600			$ 69,600
AccruedExpensesCurrent		63,700
Capital Leases, Contingent Rental Payments Due		15,000
Obligations, Fair Value Disclosure		10,600		$ 11,400
PeriodToExerciseLeaseOption	60 days
Amortization of lease financing obligation discount		$ 11,354	$ 0

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility (Details) - Line of Credit [Member]	3 Months Ended
	Apr. 30, 2016USD ($)	May. 20, 2015USD ($)
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 250,000,000
Amount outstanding	$ 0
Remaining borrowing capacity	$ 247,600,000
Fixed charge ratio, Numerator	1
Fixed Charge Ratio, Denominator	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	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
Redemption price percent	102.19%
Repayments of senior debt	$ 205,300,000

Debt - Loss on Extinguishment (

Debt - Loss on Extinguishment (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Debt Instrument [Line Items]
Write off of Deferred Debt Issuance Cost	$ 0	$ 5,255
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) - USD ($) $ in Millions	Apr. 30, 2016	Jan. 30, 2016
Letter of Credit [Member] | Stand-by LCs [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	$ 2.4	$ 2.8

Share-Based Compensation - Cost

Share-Based Compensation - Cost by Award Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 4,368	$ 3,851
Tax benefit from share-based compensation expense	5,500	2,700
Restricted Stock Units and Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	3,305	2,607
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 1,063	$ 1,244

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Options (Details)	3 Months Ended
	Apr. 30, 2016
Vesting Details [Line Items]
Contractual term	5 years 11 months 28 days
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	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Number of Shares
Stock Options Outstanding at beginning of period	3,446
Stock Options Granted	229
Stock Options Exercised	(156)
Stock Options Forfeited or expired	(29)
Stock Options Outstanding at end of period	3,490
Stock Options Expected to Vest at end of period	632
Stock Options Exercisable at end of period	2,820
Grant Date Weighted Average Exercise Price Per Share
Grant Date Weighted Average Exercise Price of Options Outstanding at beginning of period (usd per share)	$ 18.31
Grant Date Weighted Average Exercise Price of Options Granted (usd per share)	21.14
Grant Date Weighted Average Exercise Price of Options Exercised (usd per share)	17.35
Grant Date Weighted Average Exercise Price of Options Forfeited or expired (usd per share)	20.13
Grant Date Weighted Average Exercise Price of Options Outstanding at end of period (usd per share)	18.52
Grant Date Weighted Average Exercise Price of Options Expected to Vest at end of period (usd per share)	17.96
Grant Date Weighted Average Exercise Price of Options Exercisable at end of period (usd per share)	$ 18.63
Weighted-Average Remaining Contractual Life (in years)
Weighted Average Remaining Contractual Life of Options Outstanding (in years)	5 years 11 months 28 days
Weighted Average Remaining Contractual Life of Options Expected to Vest at end of period (in years)	8 years 7 months 20 days
Weighted Average Remaining Contractual Life of Options Exercisable at end of period (in years)	5 years 4 months 10 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value of Options Outstanding at end of period	$ 2,793
Aggregate Intrinsic Value of Options Expected to Vest at end of period	804
Aggregate Intrinsic Value of Options Exercisable at end of period	$ 1,962
Company's Stock Options
Weighted average grant date fair value of options granted (usd per share)	$ 9.50	$ 7.76
Total intrinsic value of options exercised	$ 536	$ 0

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Compensation Expense and Period for Recognition (Details) $ in Millions	3 Months Ended
	Apr. 30, 2016USD ($)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense	$ 3.8
Period for recognition	1 year 9 months 24 days
Restricted Stock Units and Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense	$ 33.1
Period for recognition	2 years 2 months 17 days

Share-Based Compensation - Valu

Share-Based Compensation - Valuation Assumptions (Details) - Stock Option [Member]		3 Months Ended
		Apr. 30, 2016	May. 02, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	[1]	1.60%	1.59%
Price volatility	[2]	43.15%	47.93%
Expected term	[3]	6 years 6 months 15 days	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]	Beginning in 2016, the Company calculated the expected term assumption using the midpoint scenario, which combines historical exercise data with hypothetical exercise data for outstanding options, as the Company believes this data currently represents the best estimate of the expected term of new employee options.
[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) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Apr. 30, 2016USD ($)$ / sharesshares
Restricted Stock Units and Restricted Stock [Member]
Number of Shares
Awards Unvested at beginning of period	2,212
Awards Granted	926	[1]
Awards Vested	(713)
Awards Forfeited	(105)
Awards Unvested at end of period	2,320
Grant Date Weighted Average Fair Value Per Share
Awards, grant date weighted average fair value at beginning of period (usd per share) | $ / shares	$ 16.66
Awards, grant date weighted average fair value, shares granted (usd per share) | $ / shares	21.14	[1]
Awards, grant date weighted average fair value, shares vested (usd per share) | $ / shares	17.22
Awards, grant date weighted average fair value, shares forfeited (usd per share) | $ / shares	17.44
Awards, grant date weighted average fair value at end of period (usd per share) | $ / shares	$ 18.24
Fair value of options vested | $	$ 12.3
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Performance-based Restricted Stock Units [Member]
Number of Shares
Awards Granted	300
Grant Date Weighted Average Fair Value Per Share
Performance condition period	3 years
Percent of grants in period	100.00%
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	200.00%
2010 Plan [Member] | Performance-based Restricted Stock Units [Member]
Number of Shares
Awards Granted	300
[1]	Approximately 0.3 million RSUs with three-year performance conditions are included in this amount, which represents 100% of the number of shares granted. This is based on current estimates against predefined financial performance targets ranging from 0% to 200%

Stockholders' Equity Share Repu

Stockholders' Equity Share Repurchase Programs (Details) - 2015 Share Repurchase Program [Member] - USD ($) shares in Millions	3 Months Ended
	Apr. 30, 2016	Dec. 09, 2015
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount		$ 100,000,000
Treasury Stock, Shares, Acquired	2.5
Treasury Stock, Value, Acquired, Cost Method	$ 41,500,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 30,000,000