Vera Bradley (VRA) 10-Q 10 Sep 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Aug. 02, 2014	Sep. 10, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	2-Aug-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q2	'
Trading Symbol	'VRA	'
Entity Registrant Name	'Vera Bradley, Inc.	'
Entity Central Index Key	'0001495320	'
Current Fiscal Year End Date	'--01-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	40,688,692

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Aug. 02, 2014	Feb. 01, 2014
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$79,091	$59,215
Accounts receivable, net	28,676	27,718
Inventories	112,023	136,923
Income Taxes Receivable, Current	3,852	0
Prepaid expenses and other current assets	9,486	9,952
Deferred income taxes	14,307	13,094
Total current assets	247,435	246,902
Property, plant, and equipment, net	93,180	84,940
Other assets	847	1,085
Total assets	341,462	332,927
Liabilities and Shareholders’ Equity	'	'
Accounts payable	19,633	27,745
Accrued employment costs	10,151	10,586
Other accrued liabilities	22,532	20,403
Income taxes payable	0	1,625
Total current liabilities	52,316	60,359
Deferred income taxes	3,849	4,643
Other long-term liabilities	14,628	12,778
Total liabilities	70,793	77,780
Commitments and contingencies	'	'
Shareholders’ equity:	'	'
Preferred stock; 5,000 shares authorized, no shares issued or outstanding	'	'
Common stock, without par value; 200,000 shares authorized, 40,687 and 40,607 shares issued and outstanding, respectively	'	'
Additional paid-in-capital	79,520	78,153
Retained earnings	192,167	178,002
Accumulated other comprehensive loss	-1,018	-1,008
Total shareholders’ equity	270,669	255,147
Total liabilities and shareholders’ equity	$341,462	$332,927

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Aug. 02, 2014	Feb. 01, 2014
Statement of Financial Position [Abstract]	'	'
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, without par value (in dollars per share)	'	'
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	40,686,688	40,606,731
Common stock, shares outstanding	40,686,688	40,606,731

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Income Statement [Abstract]	'	'	'	'
Net revenues	$120,104	$125,372	$233,565	$248,405
Cost of sales	56,045	53,599	108,981	108,166
Gross profit	64,059	71,773	124,584	140,239
Selling, general, and administrative expenses	51,763	48,336	103,075	103,563
Other income	465	630	2,042	2,581
Operating income	12,761	24,067	23,551	39,257
Interest expense, net	24	82	104	223
Income before income taxes	12,737	23,985	23,447	39,034
Income tax expense	5,139	9,034	9,282	14,894
Net income	$7,598	$14,951	$14,165	$24,140
Basic weighted-average shares outstanding	40,686	40,603	40,663	40,592
Diluted weighted-average shares outstanding	40,719	40,623	40,722	40,624
Basic net income per share (in dollars per share)	$0.19	$0.37	$0.35	$0.59
Diluted net income per share (in dollars per share)	$0.19	$0.37	$0.35	$0.59

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$7,598	$14,951	$14,165	$24,140
Cumulative translation adjustment	-20	-25	-10	-280
Comprehensive income	$7,578	$14,926	$14,155	$23,860

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013
Cash flows from operating activities	'	'
Net income	$14,165	$24,140
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation of property, plant, and equipment	7,150	6,796
Provision for doubtful accounts	-63	-117
Loss on disposal of property, plant, and equipment	0	9
Stock-based compensation	1,962	1,820
Deferred income taxes	-2,007	-1,039
Changes in assets and liabilities:	'	'
Accounts receivable	-895	-566
Inventories	24,897	-11,507
Prepaid expenses and other assets	704	1,640
Accounts payable	-11,271	11,371
Income taxes payable	-5,477	-5,068
Accrued and other liabilities	3,591	-475
Net cash provided by operating activities	32,756	27,004
Cash flows from investing activities	'	'
Purchases of property, plant, and equipment	-12,231	-11,976
Net cash used in investing activities	-12,231	-11,976
Cash flows from financing activities	'	'
Payments on financial-institution debt	0	-45,000
Borrowings on financial-institution debt	0	30,000
Tax withholdings for equity compensation	-595	-406
Other financing activities, net	-47	145
Net cash used in financing activities	-642	-15,261
Effect of exchange rate changes on cash and cash equivalents	-7	-39
Net increase (decrease) in cash and cash equivalents	19,876	-272
Cash and cash equivalents, beginning of period	59,215	9,603
Cash and cash equivalents, end of period	79,091	9,331
Supplemental disclosure of cash flow information	'	'
Property, plant, and equipment expenditures incurred but not yet paid	$3,159	$0

Description_of_the_Company_and

Description of the Company and Basis of Presentation	6 Months Ended
	Aug. 02, 2014
Accounting Policies [Abstract]	'
Description of the Company and Basis of Presentation	'
	Description of the Company and Basis of Presentation
	The terms “Company” and “Vera Bradley” refer to Vera Bradley, Inc. and its subsidiaries, except where context requires or where otherwise indicated.
	Vera Bradley is a leading designer of women’s handbags and accessories, luggage and travel items, eyewear, and stationery and gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand’s iconic designs and versatile styles offer women of all ages a colorful way to accessorize every look.
	Vera Bradley offers a unique, multi-channel sales model, as well as a focus on service and a high level of customer engagement. The Company sells its products through two reportable segments: Direct and Indirect. The Direct business consists of sales of Vera Bradley products through the Company’s full-line and factory outlet stores in the United States; department store locations in Japan; its websites, verabradley.com and verabradley.co.jp; direct-to-consumer eBay sales; and its annual outlet sale in Fort Wayne, Indiana. As of August 2, 2014, the Company operated 89 full-line stores and 20 factory outlet stores. The Indirect business consists of sales of Vera Bradley products to approximately 3,000 specialty retail doors, substantially all of which are located in the United States, as well as department stores, national accounts, third party e-commerce sites, and third party inventory liquidation.
	The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, filed with the SEC.
	The interim financial statements reflect all adjustments that are, in the opinion of management, necessary to present fairly the results for the interim periods presented. All such adjustments are of a normal, recurring nature. The results of operations for the thirteen and twenty-six weeks ended August 2, 2014, are not necessarily indicative of the results to be expected for the full fiscal year.
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company has eliminated intercompany balances and transactions in consolidation.
	Fiscal Periods
	The Company’s fiscal year ends on the Saturday closest to January 31. References to the fiscal quarters ended August 2, 2014, and August 3, 2013, refer to the thirteen-week periods ended on those dates.
	Operating Leases and Tenant-Improvement Allowances
	The Company has leases that contain rent holidays and predetermined, fixed escalations of minimum rentals. For each of these leases, the Company recognizes the related rent expense on a straight-line basis commencing on the date of initial possession of the leased property. The Company records the difference between the recognized rent expense and the amount payable under the lease as a step-up rent liability. As of August 2, 2014 and February 1, 2014, step-up rent liability was $7.9 million and $7.0 million, respectively, and is included within other accrued liabilities on the Consolidated Balance Sheets.
	The Company receives tenant-improvement allowances from some of the landlords of its leased properties. These allowances generally are in the form of cash received by the Company from its landlords as part of the negotiated lease terms. The Company records each tenant-improvement allowance as a deferred credit and amortizes the allowance on a straight-line basis as a reduction to rent expense over the term of the lease, commencing on the possession date. As of August 2, 2014 and February 1, 2014, the deferred lease credit liability was $12.2 million and $10.3 million, respectively. Of this, $1.6 million and $1.4 million is included within other accrued liabilities as of August 2, 2014 and February 1, 2014, respectively; $10.6 million and $8.9 million is included within other long-term liabilities as of August 2, 2014 and February 1, 2014, respectively.
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This guidance states that the disposal of a component of an entity is to be reported in discontinued operations only if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The pronouncement also requires additional disclosures regarding individually significant disposals of components that do not meet the criteria to be recognized as a discontinued operation as well as additional and expanded disclosures. The guidance is effective for all disposals (or classifications as held for sale) of components of an entity and all businesses or nonprofit activities that, on acquisition, are classified as held for sale that occur within annual periods beginning on or after December 15, 2014, and interim periods within annual periods beginning on or after December 15, 2015; it is applied prospectively. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company does not expect this standard to have a material impact on the Company's consolidated financial statements upon adoption.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, to clarify the principles used to recognize revenue for all entities. The new guidance is effective for annual and interim periods beginning after December 15, 2016, with no early adoption permitted. The Company is currently evaluating the impact, if any, the adoption of this guidance will have on its financial position, results of operations or cash flows.
	In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern which requires management to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and provide related footnote disclosures. The guidance is effective for annual or interim reporting periods beginning on or after December 15, 2016. Early adoption is permitted for financial statements that have not been previously issued. The standard allows for either a full retrospective or modified retrospective transition method. The Company does not expect this standard to have an impact on the Company’s consolidated financial statements upon adoption.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Aug. 02, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	Basic earnings per share is computed based on the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of common shares outstanding, plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares represent outstanding restricted stock. The components of basic and diluted earnings per share were as follows (in thousands, except per share data):
		Thirteen Weeks Ended				Twenty-Six Weeks Ended
		August 2,		August 3,		August 2,		August 3,
		2014		2013		2014		2013
	Numerator:
	Net income	$	7,598	$	14,951	$	14,165	$	24,140
	Denominator:
	Weighted-average number of common shares (basic)	40,686		40,603		40,663		40,592
	Dilutive effect of stock-based awards	33		20		59		32
	Weighted-average number of common shares (diluted)	40,719		40,623		40,722		40,624
	Earnings per share:
	Basic	$	0.19	$	0.37	$	0.35	$	0.59
	Diluted	$	0.19	$	0.37	$	0.35	$	0.59
	As of August 2, 2014 and August 3, 2013, there were an immaterial number of additional shares issuable upon the vesting of restricted stock units that were excluded from the diluted share calculations because they were anti-dilutive.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	6 Months Ended
	Aug. 02, 2014
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date:
	•	Level 1 – Quoted prices in active markets for identical assets or liabilities;
	•	Level 2 – Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly;
	•	Level 3 – Unobservable inputs based on the Company’s own assumptions.
	The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement.
	The carrying amounts reflected on the Consolidated Balance Sheets for cash and cash equivalents, receivables, other current assets, and payables as of August 2, 2014, and August 3, 2013, approximated their fair values.
	The carrying amount for the amended and restated credit agreement approximated its fair value at August 3, 2013, as the interest rates of these borrowings fluctuate with the market. The credit agreement falls within Level 2 of the fair value hierarchy.

Inventories

Inventories	6 Months Ended
	Aug. 02, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories
	The components of inventories were as follows (in thousands):
		August 2,		February 1,
		2014		2014
	Raw materials	$	13,259	$	10,772
	Work in process	584		850
	Finished goods	98,180		125,301
	Total inventories	$	112,023	$	136,923

Debt

Debt	6 Months Ended
	Aug. 02, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Debt
	As of August 2, 2014, the Company had borrowing availability of $125.0 million under the amended and restated credit agreement.

Income_Taxes

Income Taxes	6 Months Ended
	Aug. 02, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	The provision for income taxes for interim periods is based on an estimate of the annual effective tax rate adjusted to reflect the impact of discrete items. Management judgment is required in projecting ordinary income to estimate the Company’s annual effective tax rate.
	The effective tax rate for the thirteen weeks ended August 2, 2014, was 40.3%, compared to 37.7% for the thirteen weeks ended August 3, 2013. The year-over-year increase in the effective rate is primarily due to state tax matters including an incremental reserve related to an ongoing state income tax audit.
	The effective tax rate for the twenty-six weeks ended August 2, 2014, was 39.6%, compared to 38.2% for the twenty-six weeks ended August 3, 2013. The year-over-year increase in the effective rate is primarily due to state tax matters including an incremental reserve related to an ongoing state income tax audit.

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Aug. 02, 2014
Compensation and Retirement Disclosure [Abstract]	'
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company recognizes share-based compensation expense, for its awards of restricted stock and restricted stock units, in an amount equal to the fair market value of the underlying stock on the grant date of the respective award.
	The Company reserved 6,076,001 shares of common stock for issuance or transfer under the 2010 Equity and Incentive Plan, which allows for grants of restricted stock units, as well as other equity awards.
	Awards of Restricted Stock Units
	During the thirteen weeks ended August 2, 2014, the Company granted 60,511 time-based and performance-based restricted stock units with an aggregate fair value of $1.4 million to certain employees under the 2010 Equity and Incentive Plan. The Company did not grant any restricted stock units in the same period of the prior year.
	During the twenty-six weeks ended August 2, 2014, the Company granted 278,491 time-based and performance-based restricted stock units with an aggregate fair value of $7.3 million to certain employees and non-employee directors under the 2010 Equity and Incentive Plan compared to a total of 244,814 time-based and performance-based restricted stock units with an aggregate fair value of $5.8 million granted in the same period of the prior year. The Company determined the fair value of the awards based on the closing price of the Company’s common stock on the grant date.
	The majority of time-based restricted stock units vest and settle in shares of the Company’s common stock, on a one-for-one basis, in equal installments on each of the first three anniversaries of the grant date. Beginning in fiscal 2014, all restricted stock units issued to non-employee directors vest after a one-year period from grant date. The Company is recognizing the expense relating to these units, net of estimated forfeitures, on a straight-line basis over the vesting period.
	Performance-based restricted stock units vest upon the completion of a three-year period of time (cliff vesting), subject to the employee’s continuing employment throughout the three-year performance period and the Company’s achievement of annual net income or earnings per share targets during the three-year performance period. The Company is recognizing the expense relating to these units, net of estimated forfeitures, based on the probable outcome of achievement of the financial targets, on a straight-line basis over three years.
	The following table sets forth a summary of restricted stock unit activity for the period ended August 2, 2014 (units in thousands):
		Time-based				Performance-based
		Restricted Stock Units				Restricted Stock Units
		Number of		Weighted-		Number of		Weighted-
		Units		Average		Units		Average
				Grant				Grant
				Date Fair				Date Fair
				Value				Value
				(per unit)				(per unit)
	Nonvested units outstanding at February 1, 2014	231		$	26.92	160		$	25.75
	Granted	166		25.79		112		26.94
	Vested	(102	)	27.2		—		—
	Forfeited	(24	)	25.92		(34	)	26.07
	Nonvested units outstanding at August 2, 2014	271		$	26.21	238		$	26.26
	As of August 2, 2014, there was $7.7 million of total unrecognized compensation cost, net of estimated forfeitures, related to nonvested restricted stock units. That cost is expected to be recognized over a weighted-average period of 2.1 years.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 02, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	The Company is subject to various claims and contingencies arising in the normal course of business, including those relating to product liability, legal, employee benefit, environmental, and other matters. Management believes that it is not reasonably possible that any of these claims will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

Segment_Reporting

Segment Reporting	6 Months Ended
	Aug. 02, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	Segment Reporting
	The Company has two operating segments, which are also its reportable segments: Direct and Indirect. These operating segments are components of the Company for which separate financial information is available and for which operating results are evaluated on a regular basis by the chief operating decision maker in deciding how to allocate resources and in assessing the performance of the segments.
	The Direct segment includes the Company’s full-line and factory outlet stores, department store locations in Japan, the Company’s websites, verabradley.com and verabradley.co.jp, direct-to-consumer eBay sales, and the annual outlet sale. Revenues generated through this segment are driven through the sale of Company-branded products from Vera Bradley to end consumers. The Indirect segment represents revenues generated through the distribution of Company-branded products to specialty retailers representing approximately 3,000 doors, substantially all of which are located in the United States, as well as key accounts, which include department stores, national accounts, third party e-commerce sites, and third party inventory liquidation. Corporate costs represent the Company’s administrative expenses, which include, but are not limited to: human resources, legal, finance, information technology, design, merchandising, and various other corporate-level-activity-related expenses. All intercompany-related activities are eliminated in consolidation and are excluded from the segment reporting.
	Company management evaluates segment operating results based on several indicators. The primary or key performance indicators for each segment are net revenues and operating income. Net revenues and operating income information for the Company’s reportable segments consisted of the following (in thousands):
		Thirteen Weeks Ended						Twenty-Six Weeks Ended
		August 2,			August 3,			August 2,			August 3,
		2014			2013			2014			2013
	Segment net revenues:
	Direct	$	78,921		$	75,016		$	152,369		$	148,703
	Indirect	41,183			50,356			81,196			99,702
	Total	$	120,104		$	125,372		$	233,565		$	248,405
	Segment operating income:
	Direct	$	16,811		$	19,118		$	30,260		$	36,083
	Indirect	15,947			21,806			31,386			39,545
	Total	$	32,758		$	40,924		$	61,646		$	75,628
	Reconciliation:
	Segment operating income	$	32,758		$	40,924		$	61,646		$	75,628
	Less:
	Unallocated corporate expenses	(19,997		)	(16,857		)	(38,095		)	(36,371		)
	Operating income	$	12,761		$	24,067		$	23,551		$	39,257

Subsequent_Event

Subsequent Event	6 Months Ended
	Aug. 02, 2014
Subsequent Events [Abstract]	'
Subsequent Event	'
	Subsequent Events
	On September 9, 2014, the Company’s board of directors approved a share repurchase program authorizing up to $40.0 million in common stock repurchases which expires in October 2016. On September 9, 2014, The Company also entered into a fifth amendment to the amended and restated credit agreement allowing for the repurchase of equity interests not to exceed $40.0 million.

Description_of_the_Company_and1

Description of the Company and Basis of Presentation (Policies)	6 Months Ended
	Aug. 02, 2014
Accounting Policies [Abstract]	'
Basis of Accounting	'
	The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, filed with the SEC.
Principles of Consolidation	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company has eliminated intercompany balances and transactions in consolidation.
Fiscal Periods	'
	Fiscal Periods
	The Company’s fiscal year ends on the Saturday closest to January 31. References to the fiscal quarters ended August 2, 2014, and August 3, 2013, refer to the thirteen-week periods ended on those dates.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This guidance states that the disposal of a component of an entity is to be reported in discontinued operations only if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The pronouncement also requires additional disclosures regarding individually significant disposals of components that do not meet the criteria to be recognized as a discontinued operation as well as additional and expanded disclosures. The guidance is effective for all disposals (or classifications as held for sale) of components of an entity and all businesses or nonprofit activities that, on acquisition, are classified as held for sale that occur within annual periods beginning on or after December 15, 2014, and interim periods within annual periods beginning on or after December 15, 2015; it is applied prospectively. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company does not expect this standard to have a material impact on the Company's consolidated financial statements upon adoption.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, to clarify the principles used to recognize revenue for all entities. The new guidance is effective for annual and interim periods beginning after December 15, 2016, with no early adoption permitted. The Company is currently evaluating the impact, if any, the adoption of this guidance will have on its financial position, results of operations or cash flows.
	In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern which requires management to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and provide related footnote disclosures. The guidance is effective for annual or interim reporting periods beginning on or after December 15, 2016. Early adoption is permitted for financial statements that have not been previously issued. The standard allows for either a full retrospective or modified retrospective transition method. The Company does not expect this standard to have an impact on the Company’s consolidated financial statements upon adoption.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Aug. 02, 2014
Earnings Per Share [Abstract]	'
Components of Basic and Diluted Net Income Per Share	'
	The components of basic and diluted earnings per share were as follows (in thousands, except per share data):
		Thirteen Weeks Ended				Twenty-Six Weeks Ended
		August 2,		August 3,		August 2,		August 3,
		2014		2013		2014		2013
	Numerator:
	Net income	$	7,598	$	14,951	$	14,165	$	24,140
	Denominator:
	Weighted-average number of common shares (basic)	40,686		40,603		40,663		40,592
	Dilutive effect of stock-based awards	33		20		59		32
	Weighted-average number of common shares (diluted)	40,719		40,623		40,722		40,624
	Earnings per share:
	Basic	$	0.19	$	0.37	$	0.35	$	0.59
	Diluted	$	0.19	$	0.37	$	0.35	$	0.59

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Aug. 02, 2014
Inventory Disclosure [Abstract]	'
Components of Inventories	'
	The components of inventories were as follows (in thousands):
		August 2,		February 1,
		2014		2014
	Raw materials	$	13,259	$	10,772
	Work in process	584		850
	Finished goods	98,180		125,301
	Total inventories	$	112,023	$	136,923

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	6 Months Ended
	Aug. 02, 2014
Compensation and Retirement Disclosure [Abstract]	'
Summary of Restricted-Stock Awards and Restricted-Stock Units	'
	The following table sets forth a summary of restricted stock unit activity for the period ended August 2, 2014 (units in thousands):
		Time-based				Performance-based
		Restricted Stock Units				Restricted Stock Units
		Number of		Weighted-		Number of		Weighted-
		Units		Average		Units		Average
				Grant				Grant
				Date Fair				Date Fair
				Value				Value
				(per unit)				(per unit)
	Nonvested units outstanding at February 1, 2014	231		$	26.92	160		$	25.75
	Granted	166		25.79		112		26.94
	Vested	(102	)	27.2		—		—
	Forfeited	(24	)	25.92		(34	)	26.07
	Nonvested units outstanding at August 2, 2014	271		$	26.21	238		$	26.26

Segment_Reporting_Tables

Segment Reporting (Tables)	6 Months Ended
	Aug. 02, 2014
Segment Reporting [Abstract]	'
Schedule of Net Revenues and Operating Income Information for Reportable Segments	'
	Net revenues and operating income information for the Company’s reportable segments consisted of the following (in thousands):
		Thirteen Weeks Ended						Twenty-Six Weeks Ended
		August 2,			August 3,			August 2,			August 3,
		2014			2013			2014			2013
	Segment net revenues:
	Direct	$	78,921		$	75,016		$	152,369		$	148,703
	Indirect	41,183			50,356			81,196			99,702
	Total	$	120,104		$	125,372		$	233,565		$	248,405
	Segment operating income:
	Direct	$	16,811		$	19,118		$	30,260		$	36,083
	Indirect	15,947			21,806			31,386			39,545
	Total	$	32,758		$	40,924		$	61,646		$	75,628
	Reconciliation:
	Segment operating income	$	32,758		$	40,924		$	61,646		$	75,628
	Less:
	Unallocated corporate expenses	(19,997		)	(16,857		)	(38,095		)	(36,371		)
	Operating income	$	12,761		$	24,067		$	23,551		$	39,257

Description_of_the_Company_and2

Description of the Company and Basis of Presentation - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Feb. 01, 2014
			Vendor_doors
			Segment
			Store
Operating Leased Assets [Line Items]	'	'	'	'
Number of reportable segments	'	'	2	'
Number of full-line stores	'	'	89	'
Number of factory outlet stores	'	'	20	'
Number of specialty retail doors (in vendor doors)	'	'	3,000	'
Fiscal period duration	'91 days	'91 days	'	'
Step-up rent liability	$7.90	'	$7.90	$7
Deferred lease credit liability	12.2	'	12.2	10.3
Other accrued liabilities [Member]	'	'	'	'
Operating Leased Assets [Line Items]	'	'	'	'
Deferred lease credit liability	1.6	'	1.6	1.4
Other long term liabilities [Member]	'	'	'	'
Operating Leased Assets [Line Items]	'	'	'	'
Deferred lease credit liability	$10.60	'	$10.60	$8.90

Earnings_Per_Share_Components_

Earnings Per Share - Components of Basic and Diluted Net Income Per Share (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income	$7,598	$14,951	$14,165	$24,140
Weighted-average number of common shares (basic)	40,686	40,603	40,663	40,592
Dilutive effect of stock-based awards	33	20	59	32
Weighted-average number of common shares (diluted)	40,719	40,623	40,722	40,624
Basic (in dollars per share)	$0.19	$0.37	$0.35	$0.59
Diluted (in dollars per share)	$0.19	$0.37	$0.35	$0.59

Inventories_Components_of_Inve

Inventories - Components of Inventories (Detail) (USD $)	Aug. 02, 2014	Feb. 01, 2014
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Raw materials	$13,259	$10,772
Work in process	584	850
Finished goods	98,180	125,301
Total inventories	$112,023	$136,923

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	Aug. 02, 2014
In Millions, unless otherwise specified
Debt Disclosure [Abstract]	'
Available borrowings under the credit agreement	$125

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Effective income tax rate	40.30%	37.70%	39.60%	38.20%

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended	6 Months Ended
In Millions, except Share data, unless otherwise specified	Aug. 02, 2014	Aug. 02, 2014	Aug. 03, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Stock unit vesting and settlement ratio to common shares	'	1	'
Restricted-Stock Units [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Total unrecognized compensation cost, net of estimated forfeitures, related to nonvested restricted stock units	$7.70	$7.70	'
Weighted average period to recognize the total unrecognized compensation cost	'	'2 years 0 months 22 days	'
Time-based Restricted Stock Units [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Restricted-stock awards/units granted in period	'	166,000	'
Performance-based Restricted Stock Units [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Restricted-stock awards/units granted in period	'	112,000	'
Restricted stock units vesting period, years	'	'3 years	'
Restricted stock units required employee service period, years	'	'3 years	'
2010 Equity and Incentive Plan [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Issuance of common stock shares	6,076,001	6,076,001	'
2010 Equity and Incentive Plan [Member] | Restricted-Stock Units [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Restricted-stock awards/units granted in period	60,511	278,491	244,814
Restricted-stock awards/units with an aggregate grant-date fair value	$1.40	$7.30	$5.80
Non-Employee Director [Member] | Restricted-Stock Units [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Restricted stock units vesting period, years	'	'1 year	'

StockBased_Compensation_Summar

Stock-Based Compensation - Summary of Restricted-Stock Awards and Restricted-Stock Units (Detail) (USD $)	6 Months Ended
	Aug. 02, 2014
Time-based Restricted Stock Units [Member]	'
Number of Units	'
Nonvested units outstanding, beginning balance	231,000
Granted, Number of Units	166,000
Vested, Number of Units	-102,000
Forfeited, Number of Units	-24,000
Nonvested units outstanding, ending balance	271,000
Weighted- Average Grant Date Fair Value (per unit)	'
Weighted-Average Grant Date Fair Value (per unit), beginning balance	$26.92
Granted, Weighted-Average Grant Date Fair Value (per unit)	$25.79
Vested, Weighted-Average Grant Date Fair Value (per unit)	$27.20
Forfeited, Weighted-Average Grant Date Fair Value (per unit)	$25.92
Weighted-Average Grant Date Fair Value (per unit), ending balance	$26.21
Performance-based Restricted Stock Units [Member]	'
Number of Units	'
Nonvested units outstanding, beginning balance	160,000
Granted, Number of Units	112,000
Vested, Number of Units	0
Forfeited, Number of Units	-34,000
Nonvested units outstanding, ending balance	238,000
Weighted- Average Grant Date Fair Value (per unit)	'
Weighted-Average Grant Date Fair Value (per unit), beginning balance	$25.75
Granted, Weighted-Average Grant Date Fair Value (per unit)	$26.94
Vested, Weighted-Average Grant Date Fair Value (per unit)	$0
Forfeited, Weighted-Average Grant Date Fair Value (per unit)	$26.07
Weighted-Average Grant Date Fair Value (per unit), ending balance	$26.26

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail)	6 Months Ended
	Aug. 02, 2014
	Vendor_doors
	Segment
Segment Reporting [Abstract]	'
Number of operating segments	2
Number of specialty retail doors (in vendor doors)	3,000

Segment_Reporting_Schedule_of_

Segment Reporting - Schedule of Net Revenues and Operating Income Information for Reportable Segments (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Segment net revenues	$120,104	$125,372	$233,565	$248,405
Segment operating income	32,758	40,924	61,646	75,628
Unallocated corporate expenses	-19,997	-16,857	-38,095	-36,371
Operating income	12,761	24,067	23,551	39,257
Operating Segments [Member] | Direct [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Segment net revenues	78,921	75,016	152,369	148,703
Segment operating income	16,811	19,118	30,260	36,083
Operating Segments [Member] | Indirect [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Segment net revenues	41,183	50,356	81,196	99,702
Segment operating income	$15,947	$21,806	$31,386	$39,545

Subsequent_Event_Details

Subsequent Event (Details) (Subsequent Event [Member], USD $)	0 Months Ended
In Millions, unless otherwise specified	Sep. 09, 2014
Subsequent Event [Line Items]	'
Stock Repurchase Program, Authorized Amount	$40
Revolving Credit Facility [Member] | Fifth Amended Credit Agreement [Member]	'
Subsequent Event [Line Items]	'
Line of Credit Facility, Borrowing Capacity for Stock Repurchase	$40