Vera Bradley (VRA) 10-Q 9 Sep 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 01, 2015	Sep. 09, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 1, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	VRA
Entity Registrant Name	Vera Bradley, Inc.
Entity Central Index Key	1,495,320
Current Fiscal Year End Date	--01-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		37,972,235

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Assets
Cash and cash equivalents	$ 76,042	$ 112,292
Accounts receivable, net	33,863	31,374
Inventories	103,921	98,403
Income taxes receivable	3,199	3,208
Prepaid expenses and other current assets	10,620	9,100
Deferred income taxes	13,473	13,320
Total current assets	241,118	267,697
Property, plant, and equipment, net	115,013	109,003
Other assets	1,046	584
Total assets	357,177	377,284
Liabilities and Shareholders’ Equity
Accounts payable	28,734	32,906
Accrued employment costs	10,264	14,595
Other accrued liabilities	15,107	15,548
Income taxes payable	286	0
Total current liabilities	54,391	63,049
Deferred income taxes	6,163	5,297
Other long-term liabilities	29,057	24,467
Total liabilities	$ 89,611	$ 92,813
Commitments and contingencies
Shareholders’ equity:
Preferred stock; 5,000 shares authorized, no shares issued or outstanding	$ 0	$ 0
Common stock, without par value; 200,000 shares authorized, 40,790 and 40,695 shares issued and 38,595 and 40,074 outstanding, respectively	0	0
Additional paid-in-capital	83,023	80,992
Retained earnings	218,030	216,451
Accumulated other comprehensive loss	(14)	(15)
Treasury stock	(33,473)	(12,957)
Total shareholders’ equity	267,566	284,471
Total liabilities and shareholders’ equity	$ 357,177	$ 377,284

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares None in scaling factor is -9223372036854775296	Aug. 01, 2015	Jan. 31, 2015
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	40,789,902	40,695,295
Common stock, shares outstanding	38,594,537	40,074,310

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Income Statement [Abstract]
Net revenues	$ 120,724	$ 118,960	$ 221,828	$ 231,157
Cost of sales	54,170	55,516	103,580	107,958
Gross profit	66,554	63,444	118,248	123,199
Selling, general, and administrative expenses	57,351	50,663	114,963	100,708
Other income	283	465	1,230	2,042
Operating income	9,486	13,246	4,515	24,533
Interest expense, net	72	24	149	104
Income from continuing operations before income taxes	9,414	13,222	4,366	24,429
Income tax expense	3,699	5,328	2,787	9,658
Income from continuing operations	5,715	7,894	1,579	14,771
Loss from discontinued operations, net of taxes	0	(296)	0	(606)
Net income	$ 5,715	$ 7,598	$ 1,579	$ 14,165
Basic weighted-average shares outstanding	39,315	40,686	39,600	40,663
Diluted weighted-average shares outstanding	39,328	40,719	39,606	40,722
Net income per share - basic
Continuing operations, basic (in dollars per share)	$ 0.15	$ 0.19	$ 0.04	$ 0.36
Discontinued operations, basic (in dollars per share)	0	(0.01)	0	(0.01)
Net income, Basic (in dollars per share)	0.15	0.19	0.04	0.35
Net income per share - diluted
Continuing operations, diluted (in dollars per share)	0.15	0.19	0.04	0.36
Discontinued operations, diluted (in dollars per share)	0	(0.01)	0	(0.01)
Net income, Diluted (in dollars per share)	$ 0.15	$ 0.19	$ 0.04	$ 0.35

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 5,715	$ 7,598	$ 1,579	$ 14,165
Cumulative translation adjustment	(9)	(20)	1	(10)
Comprehensive income	$ 5,706	$ 7,578	$ 1,580	$ 14,155

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014
Cash flows from operating activities
Net income	$ 1,579	$ 14,165
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation of property, plant, and equipment	9,904	7,150
Provision for doubtful accounts	436	(63)
Loss on disposal of property, plant, and equipment	52	0
Stock-based compensation	2,515	1,962
Deferred income taxes	713	(2,007)
Changes in assets and liabilities:
Accounts receivable	(2,925)	(895)
Inventories	(5,518)	24,897
Prepaid expenses and other assets	(1,982)	704
Accounts payable	(5,931)	(11,271)
Income taxes	295	(5,477)
Accrued and other liabilities	(136)	3,591
Net cash (used in) provided by operating activities	(998)	32,756
Cash flows from investing activities
Purchases of property, plant, and equipment	(15,359)	(12,231)
Net cash used in investing activities	(15,359)	(12,231)
Cash flows from financing activities
Tax withholdings for equity compensation	(484)	(595)
Repurchase of common stock	(19,364)	0
Other financing activities, net	(46)	(47)
Net cash used in financing activities	(19,894)	(642)
Effect of exchange rate changes on cash and cash equivalents	1	(7)
Net (decrease) increase in cash and cash equivalents	(36,250)	19,876
Cash and cash equivalents, beginning of period	112,292	59,215
Cash and cash equivalents, end of period	76,042	79,091
Supplemental disclosure of cash flow information
Repurchase of common stock incurred but not yet paid	1,152	0
Property, plant, and equipment expenditures incurred but not yet paid	$ 607	$ 3,159

Description of the Company and

Description of the Company and Basis of Presentation	6 Months Ended
	Aug. 01, 2015
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 the context requires otherwise 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, verabradley.com, direct-to-consumer eBay sales, and the Company's annual outlet sale in Fort Wayne, Indiana. As of August 1, 2015 , the Company operated 107 full-line stores and 37 factory outlet stores. The Indirect business consists of sales of Vera Bradley products to approximately 2,700 specialty retail locations, substantially all of which are located in the United States, as well as department stores, national accounts, third-party e-commerce sites, the Company's wholesale business in Japan, 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 January 31, 2015 , 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 1, 2015 , 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 1, 2015 , and August 2, 2014 , 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 deferred rent liability. As of August 1, 2015 and January 31, 2015 , deferred rent liability was $10.4 million and $8.9 million , respectively, and is included within other long-term 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 1, 2015 and January 31, 2015 , the deferred lease credit liability was $16.7 million and $13.8 million , respectively. Of these amounts, $2.2 million and $1.8 million is included within other accrued liabilities as of August 1, 2015 and January 31, 2015 , respectively; and $14.5 million and $12.0 million is included within other long-term liabilities as of August 1, 2015 and January 31, 2015 , 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 adoption of this standard did not 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 . This guidance requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The new standard also will result in enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The standard allows for either a full retrospective or a modified retrospective transition method. In August 2015, the FASB issued ASU 2015-14 to defer the effective date of ASU 2014-09 for all entities by one year to annual periods beginning after December 15, 2017, including interim periods within that reporting period, which for the Company is fiscal 2019. Earlier application is permitted as of the original effective date, annual reporting periods beginning after December 2016, including interim periods within that reporting period. The Company is currently evaluating the impact of this standard, including the transition method, on its consolidated results of operations, financial position and 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. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which modifies the presentation of debt issuance costs in financial statements. Under this new guidance, the Company will be required to present these costs in our condensed consolidated balance sheets as a direct deduction from the related debt liability. The requirements of the new standard will become effective for fiscal years, and interim periods within those fiscal years (including retrospective application), beginning after December 15, 2015; early adoption is permitted. The Company is currently evaluating this guidance and does not expect the application of this standard to have a material impact on the Company’s Consolidated Financial Statements upon adoption. In July 2015, the FASB issued ASU 2015-11, Inventory , which requires entities to measure inventory at the lower of cost and net realizable value. This guidance is effective for interim and annual periods beginning on or after December 15, 2016. The Company is currently evaluating this guidance and does not expect the application of this standard to have a material impact on the Company’s Consolidated Financial Statements upon adoption.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 01, 2015
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 units. 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 1, August 2, August 1, August 2, Numerator: Income from continuing operations $ 5,715 $ 7,894 $ 1,579 $ 14,771 Loss from discontinued operations, net of taxes — (296 ) — (606 ) Net income $ 5,715 $ 7,598 $ 1,579 $ 14,165 Denominator: Weighted-average number of common shares (basic) 39,315 40,686 39,600 40,663 Dilutive effect of stock-based awards 13 33 6 59 Weighted-average number of common shares (diluted) 39,328 40,719 39,606 40,722 Earnings per share - basic: Continuing operations $ 0.15 $ 0.19 $ 0.04 $ 0.36 Discontinued operations — (0.01 ) — (0.01 ) Net income $ 0.15 $ 0.19 $ 0.04 $ 0.35 Earnings per share - diluted: Continuing operations $ 0.15 $ 0.19 $ 0.04 $ 0.36 Discontinued operations — (0.01 ) — (0.01 ) Net income $ 0.15 $ 0.19 $ 0.04 $ 0.35 As of August 1, 2015 and August 2, 2014 , 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 Instrum

Fair Value of Financial Instruments	6 Months Ended
	Aug. 01, 2015
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 1, 2015 , and January 31, 2015 , approximated their fair values.

Inventories

Inventories	6 Months Ended
	Aug. 01, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows (in thousands): August 1, January 31, Raw materials (1) $ 1,203 $ 5,542 Work in process — 470 Finished goods 102,718 92,391 Total inventories $ 103,921 $ 98,403 (1) The decrease in raw materials was primarily a result of the Company's finished goods suppliers purchasing and taking ownership of fabric.

Debt

Debt	6 Months Ended
	Aug. 01, 2015
Debt Disclosure [Abstract]
Debt	Debt As of August 1, 2015 and January 31, 2015 , the Company had borrowing availability of $125.0 million under its second amended and restated credit agreement.

Income Taxes

Income Taxes	6 Months Ended
	Aug. 01, 2015
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 1, 2015 , was 39.3% , compared to 40.3% for the thirteen weeks ended August 2, 2014 . The year-over year decrease is primarily due to the relative impact of discrete items occurring in the prior year but not the current year. The effective tax rate for the twenty-six weeks ended August 1, 2015 , was 63.8% , compared to 39.5% for the twenty-six weeks ended August 2, 2014 . The year-over year increase is primarily due to the impact of discrete items, including an increase in income tax reserves for uncertain federal and state tax positions related to research and development tax credits from prior years.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Aug. 01, 2015
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 1, 2015 , the Company granted 36,001 time-based and performance-based restricted stock units with an aggregate fair value of $0.5 million to certain employees under the 2010 Equity and Incentive Plan compared to a total of 60,511 time-based and performance-based restricted stock units with an aggregate fair value of $1.4 million granted in the same period of the prior year. During the twenty-six weeks ended August 1, 2015 , the Company granted 598,361 time-based and performance-based restricted stock units with an aggregate fair value of $9.5 million to certain employees and non-employee directors under the 2010 Equity and Incentive Plan compared to a total of 278,491 time-based and performance-based restricted stock units with an aggregate fair value of $7.3 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 the 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 twenty-six weeks ended August 1, 2015 (units in thousands): Time-based Restricted Stock Units Performance-based Restricted Stock Units Number of Units Weighted- Average Grant Date Fair Value (per unit) Number of Units Weighted- Average Grant Date Fair Value (per unit) Nonvested units outstanding at January 31, 2015 248 $ 26.34 217 $ 26.26 Granted 432 15.92 167 15.84 Vested (118 ) 15.75 (8 ) 16.07 Forfeited (64 ) 19.07 (60 ) 24.88 Nonvested units outstanding at August 1, 2015 498 $ 20.75 316 $ 21.26 As of August 1, 2015 , there was $8.9 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. 01, 2015
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.

Common Stock

Common Stock	6 Months Ended
	Aug. 01, 2015
Equity [Abstract]
Common Stock	Common Stock On September 9, 2014, the Company’s board of directors approved a share repurchase program (the "2014 Share Repurchase Program") authorizing up to $40.0 million of repurchases of shares of the Company's common stock. The 2014 Share Repurchase Program expires in October 2016. The Company purchased 1,574,380 shares at an average price of $13.03 per share, excluding commissions, for an aggregate amount of $20.5 million during the twenty-six weeks ended August 1, 2015 . As of August 1, 2015 , there was $6.5 million remaining available to repurchase shares of the Company's common stock under the 2014 Share Repurchase Program. Subsequent to quarter end, the Company purchased 623,633 shares at an average price of $10.47 per share, excluding commissions, which completed the 2014 Share Repurchase Program. As of August 1, 2015 , the Company held as treasury shares 2,195,365 shares of its common stock at an average price of $15.25 per share, excluding commissions, for an aggregate carrying amount of $33.5 million . The Company’s treasury shares may be issued under the 2010 Equity and Incentive Plan or for other corporate purposes.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Aug. 01, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On June 4, 2014, the Company entered into a five -year agreement with Mitsubishi Corporation Fashion Company and Look Inc. to import and distribute Vera Bradley products in Japan. As a result of moving to this wholesale business model, the Company exited its direct business in Japan during the third quarter of fiscal 2015 and the results of operations are reported as discontinued operations. Japan results were previously reported in the Direct segment, which has been restated to exclude the results of the discontinued operations for the periods presented. Following are the Japan results of operations (in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, August 2, August 1, August 2, Net revenues $ — $ 1,144 $ — $ 2,408 Cost of sales — 529 — 1,023 Gross profit — 615 — 1,385 Selling, general, and administrative expenses — 1,100 — 2,367 Operating loss — (485 ) — (982 ) Loss on disposal from discontinued operations — — — — Loss before income taxes — (485 ) — (982 ) Income tax benefit — (189 ) — (376 ) Loss from discontinued operations $ — $ (296 ) $ — $ (606 )

Restructuring and Other Charges

Restructuring and Other Charges	6 Months Ended
	Aug. 01, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Other Charges	Restructuring and Other Charges In the first quarter of fiscal 2016, the Company closed its manufacturing facility located in New Haven, Indiana. The Company incurred restructuring and other charges during the first quarter of fiscal 2016 of approximately $3.4 million ( $2.1 million after the associated tax benefit), related to the facility closing. These charges include severance and benefit costs of approximately $1.7 million , lease termination costs of approximately $0.7 million , inventory-related charges of approximately $0.6 million , and other associated net costs, which include accelerated depreciation related to fixed assets, of approximately $0.4 million . These charges are reflected in cost of sales in the Company's Consolidated Financial Statements. Management expects that the facility closure will reduce operating costs by approximately $12.0 million annually beginning in the fourth quarter of fiscal 2016. All production from the facility will be absorbed by the Company’s third party manufacturing suppliers. A summary of charges and related liabilities, associated with the facility closure, are as follows (in thousands): Inventory-Related Charges Lease Termination Costs Severance and Benefits Costs Other Fiscal 2015 charges $ 2,989 $ — $ — $ 7 Cash payments — — — — Non-cash charges (2,989 ) — — (7 ) Liability as of January 31, 2015 $ — $ — $ — $ — Fiscal 2016 charges $ 628 $ 650 $ 1,673 $ 484 Cash payments — (650 ) (1,675 ) (198 ) Non-cash charges (628 ) — 2 (256 ) Liability as of August 1, 2015 $ — $ — $ — $ 30 Other charges affecting comparability of the financial results for the twenty-six weeks ended August 1, 2015 and August 2, 2014 totaled approximately $3.1 million ( $2.1 million after the associated tax benefit) consisting of charges in the first quarter of fiscal 2016 of $1.3 million in employee severance (reflected in selling, general, and administrative expenses), $1.2 million due to a retail store early lease termination agreement (reflected in selling, general, and administrative expenses), and $0.6 million related to an increase in income tax reserves for uncertain federal and state tax positions related to research and development tax credits (reflected in income tax expense).

Segment Reporting

Segment Reporting	6 Months Ended
	Aug. 01, 2015
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, the Company’s website, verabradley.com, 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 Company exited its direct Japan operations in the third quarter of fiscal 2015. Direct segment results for the current and prior periods presented are reported on a continuing operations basis unless otherwise stated. Discontinued operations are detailed in Note 10 Discontinued Operations of this Quarterly Report on Form 10-Q . The Indirect segment represents revenues generated through the distribution of Company-branded products to specialty retailers representing approximately 2,700 locations, 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, the Company's wholesale business in Japan, 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 during the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014 , respectively, consisted of the following (in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, August 2, August 1, August 2, Segment net revenues: Direct $ 83,775 $ 77,777 $ 154,208 $ 149,961 Indirect 36,949 41,183 67,620 81,196 Total $ 120,724 $ 118,960 $ 221,828 $ 231,157 Segment operating income: Direct $ 16,557 $ 17,122 $ 24,584 $ 30,880 Indirect 14,788 15,947 24,692 31,386 Total $ 31,345 $ 33,069 $ 49,276 $ 62,266 Reconciliation: Segment operating income $ 31,345 $ 33,069 $ 49,276 $ 62,266 Less: Unallocated corporate expenses (21,859 ) (19,823 ) (44,761 ) (37,733 ) Operating income $ 9,486 $ 13,246 $ 4,515 $ 24,533

Description of the Company an19

Description of the Company and Basis of Presentation (Policies)	6 Months Ended
	Aug. 01, 2015
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 January 31, 2015 , 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 1, 2015 , and August 2, 2014 , 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 adoption of this standard did not 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 . This guidance requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The new standard also will result in enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The standard allows for either a full retrospective or a modified retrospective transition method. In August 2015, the FASB issued ASU 2015-14 to defer the effective date of ASU 2014-09 for all entities by one year to annual periods beginning after December 15, 2017, including interim periods within that reporting period, which for the Company is fiscal 2019. Earlier application is permitted as of the original effective date, annual reporting periods beginning after December 2016, including interim periods within that reporting period. The Company is currently evaluating the impact of this standard, including the transition method, on its consolidated results of operations, financial position and 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. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which modifies the presentation of debt issuance costs in financial statements. Under this new guidance, the Company will be required to present these costs in our condensed consolidated balance sheets as a direct deduction from the related debt liability. The requirements of the new standard will become effective for fiscal years, and interim periods within those fiscal years (including retrospective application), beginning after December 15, 2015; early adoption is permitted. The Company is currently evaluating this guidance and does not expect the application of this standard to have a material impact on the Company’s Consolidated Financial Statements upon adoption. In July 2015, the FASB issued ASU 2015-11, Inventory , which requires entities to measure inventory at the lower of cost and net realizable value. This guidance is effective for interim and annual periods beginning on or after December 15, 2016. The Company is currently evaluating this guidance and does not expect the application of this standard to have a material impact on the Company’s Consolidated Financial Statements upon adoption.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 01, 2015
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 1, August 2, August 1, August 2, Numerator: Income from continuing operations $ 5,715 $ 7,894 $ 1,579 $ 14,771 Loss from discontinued operations, net of taxes — (296 ) — (606 ) Net income $ 5,715 $ 7,598 $ 1,579 $ 14,165 Denominator: Weighted-average number of common shares (basic) 39,315 40,686 39,600 40,663 Dilutive effect of stock-based awards 13 33 6 59 Weighted-average number of common shares (diluted) 39,328 40,719 39,606 40,722 Earnings per share - basic: Continuing operations $ 0.15 $ 0.19 $ 0.04 $ 0.36 Discontinued operations — (0.01 ) — (0.01 ) Net income $ 0.15 $ 0.19 $ 0.04 $ 0.35 Earnings per share - diluted: Continuing operations $ 0.15 $ 0.19 $ 0.04 $ 0.36 Discontinued operations — (0.01 ) — (0.01 ) Net income $ 0.15 $ 0.19 $ 0.04 $ 0.35

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Aug. 01, 2015
Inventory Disclosure [Abstract]
Components of Inventories	The components of inventories were as follows (in thousands): August 1, January 31, Raw materials (1) $ 1,203 $ 5,542 Work in process — 470 Finished goods 102,718 92,391 Total inventories $ 103,921 $ 98,403

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Aug. 01, 2015
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 twenty-six weeks ended August 1, 2015 (units in thousands): Time-based Restricted Stock Units Performance-based Restricted Stock Units Number of Units Weighted- Average Grant Date Fair Value (per unit) Number of Units Weighted- Average Grant Date Fair Value (per unit) Nonvested units outstanding at January 31, 2015 248 $ 26.34 217 $ 26.26 Granted 432 15.92 167 15.84 Vested (118 ) 15.75 (8 ) 16.07 Forfeited (64 ) 19.07 (60 ) 24.88 Nonvested units outstanding at August 1, 2015 498 $ 20.75 316 $ 21.26

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Aug. 01, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	Following are the Japan results of operations (in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, August 2, August 1, August 2, Net revenues $ — $ 1,144 $ — $ 2,408 Cost of sales — 529 — 1,023 Gross profit — 615 — 1,385 Selling, general, and administrative expenses — 1,100 — 2,367 Operating loss — (485 ) — (982 ) Loss on disposal from discontinued operations — — — — Loss before income taxes — (485 ) — (982 ) Income tax benefit — (189 ) — (376 ) Loss from discontinued operations $ — $ (296 ) $ — $ (606 )

Restructuring and Other Charg24

Restructuring and Other Charges (Tables)	6 Months Ended
	Aug. 01, 2015
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Costs	A summary of charges and related liabilities, associated with the facility closure, are as follows (in thousands): Inventory-Related Charges Lease Termination Costs Severance and Benefits Costs Other Fiscal 2015 charges $ 2,989 $ — $ — $ 7 Cash payments — — — — Non-cash charges (2,989 ) — — (7 ) Liability as of January 31, 2015 $ — $ — $ — $ — Fiscal 2016 charges $ 628 $ 650 $ 1,673 $ 484 Cash payments — (650 ) (1,675 ) (198 ) Non-cash charges (628 ) — 2 (256 ) Liability as of August 1, 2015 $ — $ — $ — $ 30

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Aug. 01, 2015
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 during the thirteen and twenty-six weeks ended August 1, 2015 and August 2, 2014 , respectively, consisted of the following (in thousands): Thirteen Weeks Ended Twenty-Six Weeks Ended August 1, August 2, August 1, August 2, Segment net revenues: Direct $ 83,775 $ 77,777 $ 154,208 $ 149,961 Indirect 36,949 41,183 67,620 81,196 Total $ 120,724 $ 118,960 $ 221,828 $ 231,157 Segment operating income: Direct $ 16,557 $ 17,122 $ 24,584 $ 30,880 Indirect 14,788 15,947 24,692 31,386 Total $ 31,345 $ 33,069 $ 49,276 $ 62,266 Reconciliation: Segment operating income $ 31,345 $ 33,069 $ 49,276 $ 62,266 Less: Unallocated corporate expenses (21,859 ) (19,823 ) (44,761 ) (37,733 ) Operating income $ 9,486 $ 13,246 $ 4,515 $ 24,533

Description of the Company an26

Description of the Company and Basis of Presentation - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2015USD ($)	Aug. 02, 2014	Aug. 01, 2015USD ($)StoreSegmentlocation	Jan. 31, 2015USD ($)
Operating Leased Assets [Line Items]
Number of reportable segments | Segment			2
Number of full-line stores | Store			107
Number of factory outlet stores | Store			37
Number of specialty retail locations | location			2,700
Fiscal period duration	91 days	91 days
Deferred rent liability	$ 10.4		$ 10.4	$ 8.9
Deferred lease credit liability	16.7		16.7	13.8
Other accrued liabilities [Member]
Operating Leased Assets [Line Items]
Deferred lease credit liability	2.2		2.2	1.8
Other long term liabilities [Member]
Operating Leased Assets [Line Items]
Deferred lease credit liability	$ 14.5		$ 14.5	$ 12

Earnings Per Share - Components

Earnings Per Share - Components of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Numerator:
Income from continuing operations	$ 5,715	$ 7,894	$ 1,579	$ 14,771
Loss from discontinued operations, net of taxes	0	(296)	0	(606)
Net income	$ 5,715	$ 7,598	$ 1,579	$ 14,165
Denominator:
Weighted-average number of common shares (basic)	39,315	40,686	39,600	40,663
Dilutive effect of stock-based awards	13	33	6	59
Weighted-average number of common shares (diluted)	39,328	40,719	39,606	40,722
Earnings per share - basic:
Continuing operations, basic (in dollars per share)	$ 0.15	$ 0.19	$ 0.04	$ 0.36
Discontinued operations, basic (in dollars per share)	0	(0.01)	0	(0.01)
Net income, Basic (in dollars per share)	0.15	0.19	0.04	0.35
Earnings per share - diluted:
Continuing operations, diluted (in dollars per share)	0.15	0.19	0.04	0.36
Discontinued operations, diluted (in dollars per share)	0	(0.01)	0	(0.01)
Net income, Diluted (in dollars per share)	$ 0.15	$ 0.19	$ 0.04	$ 0.35

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Inventory Disclosure [Abstract]
Raw materials (1)	$ 1,203	$ 5,542
Work in process	0	470
Finished goods	102,718	92,391
Total inventories	$ 103,921	$ 98,403

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Aug. 01, 2015	Jan. 31, 2015
Debt Disclosure [Abstract]
Available borrowings under the credit agreement	$ 125	$ 125

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate	39.30%	40.30%	63.80%	39.50%

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2015USD ($)shares	Aug. 02, 2014USD ($)shares	Aug. 01, 2015USD ($)shares	Aug. 02, 2014USD ($)shares
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 | $	$ 8.9		$ 8.9
Weighted average period to recognize the total unrecognized compensation cost			2 years 1 month 14 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			432,000
Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted-stock awards/units granted in period			167,000
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	36,001	60,511	598,361	278,491
Restricted-stock awards/units with an aggregate grant-date fair value | $	$ 0.5	$ 1.4	$ 9.5	$ 7.3
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

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted-Stock Awards and Restricted-Stock Units (Detail) - Aug. 01, 2015 - $ / shares shares in Thousands	Total
Time-based Restricted Stock Units [Member]
Number of Units
Nonvested units outstanding, beginning balance	248
Granted, Number of Units	432
Vested, Number of Units	(118)
Forfeited, Number of Units	(64)
Nonvested units outstanding, ending balance	498
Weighted- Average Grant Date Fair Value (per unit)
Weighted-Average Grant Date Fair Value (per unit), beginning balance	$ 26.34
Granted, Weighted-Average Grant Date Fair Value (per unit)	15.92
Vested, Weighted-Average Grant Date Fair Value (per unit)	15.75
Forfeited, Weighted-Average Grant Date Fair Value (per unit)	19.07
Weighted-Average Grant Date Fair Value (per unit), ending balance	$ 20.75
Performance-based Restricted Stock Units [Member]
Number of Units
Nonvested units outstanding, beginning balance	217
Granted, Number of Units	167
Vested, Number of Units	(8)
Forfeited, Number of Units	(60)
Nonvested units outstanding, ending balance	316
Weighted- Average Grant Date Fair Value (per unit)
Weighted-Average Grant Date Fair Value (per unit), beginning balance	$ 26.26
Granted, Weighted-Average Grant Date Fair Value (per unit)	15.84
Vested, Weighted-Average Grant Date Fair Value (per unit)	16.07
Forfeited, Weighted-Average Grant Date Fair Value (per unit)	24.88
Weighted-Average Grant Date Fair Value (per unit), ending balance	$ 21.26

Common Stock (Details)

Common Stock (Details) - USD ($)	1 Months Ended	6 Months Ended
	Sep. 09, 2015	Aug. 01, 2015	Jan. 31, 2015	Sep. 09, 2014
Equity, Class of Treasury Stock [Line Items]
Average price per share of shares acquired (in dollars per share)		$ 15.25
Number of shares held in treasury		2,195,365
Value of treasury stock		$ 33,473,000	$ 12,957,000
The 2014 Share Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount under share repurchase program				$ 40,000,000
Shares acquired as part of share repurchase program		1,574,380
Average price per share of shares acquired (in dollars per share)		$ 13.03
Remaining authorized repurchase amount		$ 6,500,000
Value of treasury stock		$ 20,500,000
Subsequent event [Member] | The 2014 Share Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Shares acquired as part of share repurchase program	623,633
Average price per share of shares acquired (in dollars per share)	$ 10.47

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	Jun. 04, 2014	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Discontinued Operations and Disposal Groups [Abstract]
Length of agreement to import and distribute products in Japan	5 years
Net revenues		$ 0	$ 1,144	$ 0	$ 2,408
Cost of sales		0	529	0	1,023
Gross profit		0	615	0	1,385
Selling, general, and administrative expenses		0	1,100	0	2,367
Operating loss		0	(485)	0	(982)
Loss on disposal from discontinued operations		0	0	0	0
Loss before income taxes		0	(485)	0	(982)
Income tax benefit		0	(189)	0	(376)
Loss from discontinued operations		$ 0	$ (296)	$ 0	$ (606)

Restructuring and Other Charg35

Restructuring and Other Charges (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Aug. 01, 2015	Aug. 01, 2015	Jan. 31, 2015
Restructuring Cost and Reserve [Line Items]
Expected annual reduction in operating costs and expenses	$ 12,000
Restructuring Reserve [Abstract]
Other restructuring charges		$ 3,100
Other restructuring charges, after tax		2,100
Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring charges incurred	3,400
Restructuring charges incurred, after tax	2,100
Severance and Benefit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges incurred	1,700
Restructuring Reserve [Abstract]
Restructuring charges		1,673	$ 0
Cash payments		(1,675)	0
Non-cash charges		2	0
Liability	0	0	0
Severance and Benefit Costs [Member] | Selling, general and administrative expenses [Member]
Restructuring Reserve [Abstract]
Other restructuring charges		1,300
Lease Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges incurred	700
Restructuring Reserve [Abstract]
Restructuring charges		650	0
Cash payments		(650)	0
Non-cash charges		0	0
Liability	0	0	0
Lease Termination Costs [Member] | Selling, general and administrative expenses [Member]
Restructuring Reserve [Abstract]
Other restructuring charges		1,200
Accelerated depreciation of fixed assets [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges incurred	600
Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges incurred	400
Restructuring Reserve [Abstract]
Restructuring charges		484	7
Cash payments		(198)	0
Non-cash charges		(256)	7
Liability	30	30	0
Inventory-Related Charges [Member]
Restructuring Reserve [Abstract]
Restructuring charges		628	2,989
Cash payments		0	0
Non-cash charges		(628)	2,989
Liability	$ 0	0	$ 0
Change in income tax reserves [Member] | Interest expense [Member]
Restructuring Reserve [Abstract]
Other restructuring charges		$ 600

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - 6 months ended Aug. 01, 2015	Segmentlocation
Segment Reporting [Abstract]
Number of operating segments	2
Number of specialty retail locations | location	2,700

Segment Reporting - Schedule of

Segment Reporting - Schedule of Net Revenues and Operating Income Information for Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Segment Reporting Information [Line Items]
Segment net revenues	$ 120,724	$ 118,960	$ 221,828	$ 231,157
Segment operating income	31,345	33,069	49,276	62,266
Unallocated corporate expenses	(21,859)	(19,823)	(44,761)	(37,733)
Operating income	9,486	13,246	4,515	24,533
Operating Segments [Member] | Direct [Member]
Segment Reporting Information [Line Items]
Segment net revenues	83,775	77,777	154,208	149,961
Segment operating income	16,557	17,122	24,584	30,880
Operating Segments [Member] | Indirect [Member]
Segment Reporting Information [Line Items]
Segment net revenues	36,949	41,183	67,620	81,196
Segment operating income	$ 14,788	$ 15,947	$ 24,692	$ 31,386