Vera Bradley (VRA) 10-Q 7 Jun 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 29, 2017	May 31, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 29, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	VRA
Entity Registrant Name	Vera Bradley, Inc.
Entity Central Index Key	1,495,320
Current Fiscal Year End Date	--02-03
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		36,154,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Current assets:
Cash and cash equivalents	$ 74,400	$ 86,375
Short-term investments	9,489	30,152
Accounts receivable, net	22,693	23,313
Inventories	105,421	102,283
Income taxes receivable	5,722	3,217
Prepaid expenses and other current assets	11,579	10,237
Total current assets	229,304	255,577
Property, plant, and equipment, net	100,566	101,577
Long-term investments	17,519	0
Deferred income taxes	12,672	13,539
Other assets	2,222	2,816
Total assets	362,283	373,509
Current liabilities:
Accounts payable	25,705	32,619
Accrued employment costs	10,743	12,474
Other accrued liabilities	18,667	16,906
Income taxes payable	681	508
Total current liabilities	55,796	62,507
Long-term liabilities	27,243	27,216
Total liabilities	83,039	89,723
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, 41,093 and 40,927 shares issued and 36,253 and 36,218 shares outstanding, respectively	0	0
Additional paid-in-capital	89,438	88,739
Retained earnings	259,718	263,767
Accumulated other comprehensive loss	(43)	(50)
Treasury stock	(69,869)	(68,670)
Total shareholders’ equity	279,244	283,786
Total liabilities and shareholders’ equity	$ 362,283	$ 373,509

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 29, 2017	Jan. 28, 2017
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	41,093,000	40,927,000
Common stock, shares outstanding	36,253,000	36,218,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Income Statement [Abstract]
Net revenues	$ 96,135	$ 105,181
Cost of sales	43,435	45,525
Gross profit	52,700	59,656
Selling, general, and administrative expenses	57,771	56,376
Other income	267	577
Operating (loss) income	(4,804)	3,857
Interest (income) expense, net	(39)	48
(Loss) income before income taxes	(4,765)	3,809
Income tax (benefit) expense	(716)	1,391
Net (loss) income	$ (4,049)	$ 2,418
Basic weighted-average shares outstanding	36,235	37,547
Diluted weighted-average shares outstanding	36,235	37,724
Basic net income per share (in dollars per share)	$ (0.11)	$ 0.06
Diluted net income per share (in dollars per share)	$ (0.11)	$ 0.06

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (4,049)	$ 2,418
Unrealized gain on available-for-sale investments	13	0
Cumulative translation adjustment	(6)	5
Comprehensive (loss) income, net of tax	$ (4,042)	$ 2,423

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Cash flows from operating activities
Net (loss) income	$ (4,049)	$ 2,418
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation of property, plant, and equipment	4,948	4,702
Provision for doubtful accounts	162	23
Stock-based compensation	1,278	842
Deferred income taxes	867	221
Cash gain on investments	152	0
Other non-cash gain, net	(19)	(13)
Changes in assets and liabilities:
Accounts receivable	458	3,580
Inventories	(3,138)	178
Prepaid expenses and other assets	(748)	(1,749)
Accounts payable	(6,040)	1,262
Income taxes	(2,332)	(12,066)
Accrued and other liabilities	(1,476)	(3,395)
Net cash used in operating activities	(9,937)	(3,997)
Cash flows from investing activities
Purchases of property, plant, and equipment	(3,362)	(5,594)
Purchases of investments	(26,975)	(30,000)
Proceeds from maturity of investment	30,000	0
Net cash used in investing activities	(337)	(35,594)
Cash flows from financing activities
Tax withholdings for equity compensation	(579)	(572)
Repurchase of common stock	(1,116)	(5,694)
Other financing activities, net	0	(16)
Net cash used in financing activities	(1,695)	(6,282)
Effect of exchange rate changes on cash and cash equivalents	(6)	5
Net decrease in cash and cash equivalents	(11,975)	(45,868)
Cash and cash equivalents, beginning of period	86,375	97,681
Cash and cash equivalents, end of period	74,400	51,813
Supplemental disclosure of cash flow information
Cash paid for income taxes, net	$ 522	$ 13,223

Description of the Company and

Description of the Company and Basis of Presentation	3 Months Ended
	Apr. 29, 2017
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, luggage and travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand’s innovative designs, iconic patterns, and brilliant colors continue to inspire and connect women. 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 April 29, 2017 , the Company operated 113 full-line stores and 49 factory outlet stores. The Indirect business consists of sales of Vera Bradley products to approximately 2,400 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 customer in Japan, third-party inventory liquidators, and licensing. 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 condensed or omitted as permitted by such rules and regulations. These interim condensed 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 28, 2017 , 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 weeks ended April 29, 2017 , are not necessarily indicative of the results to be expected for the full fiscal year. Principles of Consolidation The condensed 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 April 29, 2017 , and April 30, 2016 , 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 April 29, 2017 and January 28, 2017 , deferred rent liability was $12.9 million and $12.7 million , respectively, and is included within long-term liabilities on the Condensed 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 April 29, 2017 and January 28, 2017 , the deferred lease credit liability was $15.5 million and $15.8 million , respectively. Of these amounts, $2.4 million is included within other accrued liabilities as of April 29, 2017 and January 28, 2017 ; $13.1 million and $13.4 million is included within long-term liabilities as of April 29, 2017 and January 28, 2017 , respectively. Recently Issued Accounting Pronouncements Recently Issued Accounting Pronouncements Not Yet Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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. In its preliminary assessment, the provisions of the standard the Company believes to be most significant is the determination of when a customer receives control of the product upon a sale, as this could result in earlier recognition of revenue as compared to the Company's current practice of adjusting for shipments not yet received. The Company is still evaluating the final impact on its consolidated results of operations, financial position and cash flows, as well as additional provisions that may impact the Company's recognition of revenue. The Company will adopt the standard in the first quarter of fiscal 2019 and is continuing to evaluate the transition method upon adoption. In February 2016, the FASB issued ASU 2016-02, Leases , which increases transparency and comparability among organizations by requiring lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by leases and disclosing key information about leasing arrangements. This guidance is effective for interim and annual periods beginning on or after December 15, 2018. The Company has operating leases at all of its retail stores; therefore, the adoption of this standard will result in a material increase of assets and liabilities on the Company's Consolidated Balance Sheets. The Company is continuing to evaluate the impact on its consolidated results of operations and cash flows.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 29, 2017
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. As a result of the net loss in the current-year period, dilutive potential common shares were anti-dilutive. The components of basic and diluted earnings per share were as follows (in thousands, except per share data): Thirteen Weeks Ended April 29, April 30, Numerator: Net (loss) income $ (4,049 ) $ 2,418 Denominator: Weighted-average number of common shares (basic) 36,235 37,547 Dilutive effect of stock-based awards — 177 Weighted-average number of common shares (diluted) 36,235 37,724 (Loss) earnings per share: Basic $ (0.11 ) $ 0.06 Diluted $ (0.11 ) $ 0.06 As of April 29, 2017 and April 30, 2016 , 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	3 Months Ended
	Apr. 29, 2017
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 Condensed Consolidated Balance Sheets for cash and cash equivalents, receivables, other current assets, and payables as of April 29, 2017 , and January 28, 2017 , approximated their fair values. The following table details the fair value measurements of the Company's investments as of April 29, 2017 and January 28, 2017 (in thousands): Level 1 Level 2 Level 3 April 29, 2017 January 28, 2017 April 29, 2017 January 28, 2017 April 29, 2017 January 28, 2017 Cash equivalents (1) $ 904 $ — $ 22,198 $ — $ — $ — Short-term investments: Municipal securities — — 4,533 — — — Commercial paper — — 3,491 — — — U.S. corporate debt securities — — 1,465 — — — Certificate of deposit — — — 30,152 — — Long-term investments: U.S. corporate debt securities — — 7,282 — — — Non-U.S. corporate debt securities — — 6,144 — — — Municipal securities — — 2,079 — — — U.S. treasury securities 2,014 — — — — — (1) Cash equivalents include a money market fund, commercial paper and municipal securities that have a maturity of three months or less at the date of purchase. Due to their short maturity, the Company believes the carrying value approximates fair value.

Inventories

Inventories	3 Months Ended
	Apr. 29, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows (in thousands): April 29, January 28, Finished goods 105,421 102,283 Total inventories $ 105,421 $ 102,283

Debt

Debt	3 Months Ended
	Apr. 29, 2017
Debt Disclosure [Abstract]
Debt	Debt On July 15, 2015, Vera Bradley Designs, Inc. (“VBD”), a wholly-owned subsidiary of the Company, entered into a Second Amended and Restated Credit Agreement among VBD, the lenders from time to time party thereto, JPMorgan Chase Bank, National Association, as administrative agent; Wells Fargo Bank, National Association, as syndication agent; and KeyBank National Association, as documentation agent (the “Credit Agreement”), which amended and restated the Company's prior credit agreement. The Credit Agreement provides for certain credit facilities to VBD in an aggregate principal amount not to initially exceed $125.0 million , the proceeds of which may be used for general corporate purposes of VBD and its subsidiaries, including but not limited to Vera Bradley International, LLC and Vera Bradley Sales, LLC (collectively, the “Named Subsidiaries”). Amounts outstanding under the Credit Agreement bear interest, at VBD's option, at a per annum rate equal to either (A) the Alternate Base Rate (“ABR”) plus the Applicable Margin, where the ABR is the highest of (i) the prime rate, (ii) the federal funds rate plus 0.5% , and (iii) Adjusted LIBOR for a one-month interest period plus 1% , and the Applicable Margin is a percentage ranging from 0.00% to 0.70% depending upon the Company's leverage ratio or (B) Adjusted LIBOR plus the Applicable Margin, where Adjusted LIBOR means LIBOR, as adjusted for statutory reserve requirements for eurocurrency liabilities, and Applicable Margin is a percentage ranging from 1.00% to 1.70% depending upon the Company's leverage ratio. Any loans made, or letters of credit issued, pursuant to the Credit Agreement mature on July 15, 2020. VBD's obligations under the Credit Agreement are guaranteed by the Company and the Named Subsidiaries. The obligations of VBD under the Credit Agreement are secured by first priority security interests in all of the respective assets of VBD, the Company, and the Named Subsidiaries and a pledge of the equity interests of VBD and the Named Subsidiaries. The Credit Agreement contains various restrictive covenants, including restrictions on the Company's ability to dispose of assets, make acquisitions or investments, incur debt or liens, make distributions to stockholders or repurchase outstanding stock, enter into related party transactions and make capital expenditures, other than upon satisfaction of the conditions set forth in the Credit Agreement. The Company is also required to comply with certain financial and non-financial covenants, including maintaining a maximum leverage ratio, a minimum ratio of EBITDAR to the sum of interest expense plus rentals (as defined in the Credit Agreement), and a limit on capital expenditures. Upon an event of default, which includes certain customary events such as, among other things, a failure to make required payments when due, a failure to comply with covenants, certain bankruptcy and insolvency events, a material adverse change (as defined in the Credit Agreement), defaults under other material indebtedness, and a change in control, the lenders may accelerate amounts outstanding, terminate the agreement and foreclose on all collateral. As of April 29, 2017 and January 28, 2017 , the Company had borrowing availability of $125.0 million under its Credit Agreement.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 29, 2017
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. A provision for U.S. income tax has not been recorded on the temporary difference related to the Company’s foreign subsidiary. The Company has determined that this temporary difference is indefinitely reinvested outside of the U.S. The effective tax rate for the thirteen weeks ended April 29, 2017 , was 15.0% , compared to 36.5% for the thirteen weeks ended April 30, 2016 . The year-over year decrease is primarily due to the relative impact of permanent and discrete items, including a tax shortfall from stock-based compensation.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 29, 2017
Compensation and Retirement Disclosure [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company recognizes stock-based compensation expense, for its awards of 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 April 29, 2017 , the Company granted 506,572 time-based and performance-based restricted stock units with an aggregate fair value of $4.7 million to certain employees and non-employee directors under the 2010 Equity and Incentive Plan compared to a total of 295,148 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 the 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. Restricted stock units issued to non-employee directors vest after a one -year period from the grant date. The Company recognizes 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 and the Company’s achievement of annual earnings per share targets, or other Company performance targets, during the three-year performance period. The Company recognizes 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 thirteen weeks ended April 29, 2017 (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 28, 2017 487 $ 18.04 375 $ 19.10 Granted 294 9.31 212 9.31 Vested (233 ) 18.18 — — Forfeited (24 ) 17.15 (93 ) 24.84 Nonvested units outstanding at April 29, 2017 524 $ 13.11 494 $ 14.05 As of April 29, 2017 , there was $8.4 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, subject to meeting performance conditions.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 29, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Payment Card Incident Description of Event On September 15, 2016, the Company received information from law enforcement regarding a potential data security issue related to our retail store network. Findings from the investigation show unauthorized access to the Company's payment processing system and the installation of a program that looked for payment card data. The program was specifically designed to find track data in the magnetic stripe of a payment card that may contain the card number, cardholder name, expiration date, and internal verification code as the data was being routed through the affected payment system. There is no indication that other customer information was at risk. Payment cards used at Vera Bradley store locations between July 25, 2016 and September 23, 2016 may have been affected. Not all cards used in stores during this time frame were affected. Cards used on verabradley.com were not affected. The Company has resolved this incident and continues to work with the computer security firm to further strengthen the security of its systems to help prevent this from happening in the future. The Company continues to support law enforcement’s investigation and also promptly notified the payment card networks so that the banks that issue payment cards could initiate heightened monitoring on the affected cards. Expenses Incurred During the first quarter of fiscal 2018, the Company recorded an immaterial amount of expense relating to remediation activities as a result of the Payment Card Incident. Future Costs Payment card companies and associations may require the Company to reimburse them for unauthorized card charges and costs to replace cards and may also impose fines or penalties in connection with the Payment Card Incident, and enforcement authorities may also impose fines or other remedies against the Company. At this time, the Company cannot reasonably estimate the potential loss or range of loss related to fines or penalties that may be assessed, if any. The Payment Card Incident, including customer response and any possible third party claims or assessments from payment card companies, could materially adversely affect the Company's financial condition and operating results. The Company expects its insurance coverage will offset most of the expenses for the investigation and other non-remediation legal and professional services associated with the incident, possible third party claims, as well as fines, penalties, or other expenses, if any, imposed by payment card companies, as discussed above. Insurance Coverage The Company maintains $15.0 million of cyber security insurance coverage above a $0.1 million deductible. Other Commitments and Contingencies The Company is also subject to various claims and contingencies arising in the normal course of business, including those relating to product liability, legal claims, employee benefits, environmental, and other matters. Management believes that at this time it is not probable that any of these claims will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows. However, the outcomes of legal proceedings and claims brought against the Company are subject to uncertainty and future developments could cause these actions or claims, individually or in aggregate, to have a material adverse effect on the Company’s financial condition, results of operations or cash flows of a particular reporting period.

Common Stock

Common Stock	3 Months Ended
	Apr. 29, 2017
Equity [Abstract]
Common Stock	Common Stock On December 8, 2015, the Company's board of directors approved a share repurchase program (the “2015 Share Repurchase Program”) authorizing up to $50.0 million of repurchases of shares of the Company's common stock. The 2015 Share Repurchase Program expires in December 2017. The Company purchased 131,619 shares at an average price of $9.11 per share, excluding commissions, for an aggregate amount of $1.2 million during the thirteen weeks ended April 29, 2017 , under the 2015 Share Repurchase Program. As of April 29, 2017 , there was $20.1 million remaining available to repurchase shares of the Company's common stock under the 2015 Share Repurchase Program. As of April 29, 2017 , the Company held as treasury shares 4,840,073 shares of its common stock at an average price of $14.44 per share, excluding commissions, for an aggregate carrying amount of $69.9 million . The Company’s treasury shares may be issued under the 2010 Equity and Incentive Plan or for other corporate purposes.

Other Charges

Other Charges	3 Months Ended
	Apr. 29, 2017
Restructuring and Related Activities [Abstract]
Other Charges	Other Charges Thirteen Weeks Ended April 29, 2017 In the first quarter of fiscal 2018, the Company recognized a total of $1.3 million ( $0.8 million after the associated tax benefit) of severance charges (reflected in selling, general, and administrative expenses) primarily for the Company's former Chief Financial Officer. These charges are reflected within corporate unallocated expenses.

Investments

Investments	3 Months Ended
	Apr. 29, 2017
Schedule of Investments [Abstract]
Investments	Investments Cash Equivalents Investments classified as cash equivalents relate to highly liquid investments with a maturity of three months or less at the date of purchase. As of April 29, 2017 , these investments in the Company's portfolio consisted of a money market fund, commercial paper and municipal securities. Short-Term Investments As of April 29, 2017 , short-term investments consisted of U.S. corporate debt securities, commercial paper and municipal securities with a maturity within one year of the balance sheet date. These securities are classified as available-for-sale; therefore, unrealized gains and losses are recorded within other comprehensive income. Interest income earned is recorded within interest (income) expense, net, in the Company's Condensed Consolidated Statements of Income. As of January 28, 2017 , short-term investments consisted of a certificate of deposit with an original maturity of one year and a one-time option to accelerate maturity to 31 days without penalty. The certificate of deposit matured during the first quarter fiscal 2018. Interest income from the certificate of deposit is included in interest (income) expense, net, in the Company's Condensed Consolidated Statements of Income. The Company held $9.5 million and $30.2 million in short-term investments as of April 29, 2017 and January 28, 2017 , respectively. The following table summarizes the Company's short-term investments (in thousands): April 29, 2017 January 28, 2017 Municipal securities $ 4,533 $ — Commercial paper 3,491 — U.S. corporate debt securities 1,465 — Certificate of deposit — 30,152 Total short-term investments $ 9,489 $ 30,152 Long-Term Investments As of April 29, 2017 , long-term investments consisted of U.S. and non-U.S. corporate debt securities and U.S. treasury and municipal securities with a maturity greater than one year from the balance sheet date. These securities are classified as available-for-sale; therefore, unrealized gains and losses are recorded within other comprehensive income. Interest income earned is recorded within interest (income) expense, net, in the Company's Condensed Consolidated Statements of Income. The Company held $17.5 million in long-term investments as of April 29, 2017 . The Company did not have long-term investments as of January 28, 2017 . The following table summarizes the Company's long-term investments (in thousands): April 29, 2017 January 28, 2017 U.S. corporate debt securities $ 7,282 $ — Non-U.S. corporate debt securities 6,144 — Municipal securities 2,079 — U.S. treasury securities 2,014 — Total long-term investments $ 17,519 $ — There were no material gross unrealized gains or losses on available-for-sale securities as of the periods ended April 29, 2017 and January 28, 2017 .

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 29, 2017
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 Indirect segment represents revenues generated through the distribution of Company-branded products to specialty retailers representing approximately 2,400 locations, substantially all of which are located in the United States; key accounts, which include department stores, national accounts, third-party e-commerce sites, the Company's wholesale customer in Japan, and third-party inventory liquidators; and licensing. Corporate costs represent the Company’s administrative expenses, which include, but are not limited to: human resources, legal, finance, information technology, design, merchandising, corporate-level marketing and advertising, 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 (loss) income information for the Company’s reportable segments during the thirteen weeks ended April 29, 2017 and April 30, 2016 , respectively, consisted of the following (in thousands): Thirteen Weeks Ended April 29, April 30, Segment net revenues: Direct $ 68,837 $ 72,946 Indirect 27,298 32,235 Total $ 96,135 $ 105,181 Segment operating income: Direct $ 6,812 $ 12,137 Indirect 9,446 12,598 Total $ 16,258 $ 24,735 Reconciliation: Segment operating income $ 16,258 $ 24,735 Less: Unallocated corporate expenses (21,062 ) (20,878 ) Operating (loss) income $ (4,804 ) $ 3,857

Description of the Company an19

Description of the Company and Basis of Presentation (Policies)	3 Months Ended
	Apr. 29, 2017
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 condensed or omitted as permitted by such rules and regulations. These interim condensed 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 28, 2017 , filed with the SEC.
Principles of Consolidation	Principles of Consolidation The condensed 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 April 29, 2017 , and April 30, 2016 , refer to the thirteen-week periods ended on those dates.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Issued Accounting Pronouncements Not Yet Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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. In its preliminary assessment, the provisions of the standard the Company believes to be most significant is the determination of when a customer receives control of the product upon a sale, as this could result in earlier recognition of revenue as compared to the Company's current practice of adjusting for shipments not yet received. The Company is still evaluating the final impact on its consolidated results of operations, financial position and cash flows, as well as additional provisions that may impact the Company's recognition of revenue. The Company will adopt the standard in the first quarter of fiscal 2019 and is continuing to evaluate the transition method upon adoption. In February 2016, the FASB issued ASU 2016-02, Leases , which increases transparency and comparability among organizations by requiring lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by leases and disclosing key information about leasing arrangements. This guidance is effective for interim and annual periods beginning on or after December 15, 2018. The Company has operating leases at all of its retail stores; therefore, the adoption of this standard will result in a material increase of assets and liabilities on the Company's Consolidated Balance Sheets. The Company is continuing to evaluate the impact on its consolidated results of operations and cash flows.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 29, 2017
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 April 29, April 30, Numerator: Net (loss) income $ (4,049 ) $ 2,418 Denominator: Weighted-average number of common shares (basic) 36,235 37,547 Dilutive effect of stock-based awards — 177 Weighted-average number of common shares (diluted) 36,235 37,724 (Loss) earnings per share: Basic $ (0.11 ) $ 0.06 Diluted $ (0.11 ) $ 0.06

Fair Value of Financial Instr21

Fair Value of Financial Instruments Fair Value Disclosures (Tables)	3 Months Ended
	Apr. 29, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements of Investments	The following table details the fair value measurements of the Company's investments as of April 29, 2017 and January 28, 2017 (in thousands): Level 1 Level 2 Level 3 April 29, 2017 January 28, 2017 April 29, 2017 January 28, 2017 April 29, 2017 January 28, 2017 Cash equivalents (1) $ 904 $ — $ 22,198 $ — $ — $ — Short-term investments: Municipal securities — — 4,533 — — — Commercial paper — — 3,491 — — — U.S. corporate debt securities — — 1,465 — — — Certificate of deposit — — — 30,152 — — Long-term investments: U.S. corporate debt securities — — 7,282 — — — Non-U.S. corporate debt securities — — 6,144 — — — Municipal securities — — 2,079 — — — U.S. treasury securities 2,014 — — — — — (1) Cash equivalents include a money market fund, commercial paper and municipal securities that have a maturity of three months or less at the date of purchase. Due to their short maturity, the Company believes the carrying value approximates fair value.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 29, 2017
Inventory Disclosure [Abstract]
Components of Inventories	The components of inventories were as follows (in thousands): April 29, January 28, Finished goods 105,421 102,283 Total inventories $ 105,421 $ 102,283

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Apr. 29, 2017
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 thirteen weeks ended April 29, 2017 (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 28, 2017 487 $ 18.04 375 $ 19.10 Granted 294 9.31 212 9.31 Vested (233 ) 18.18 — — Forfeited (24 ) 17.15 (93 ) 24.84 Nonvested units outstanding at April 29, 2017 524 $ 13.11 494 $ 14.05

Investments (Tables)

Investments (Tables)	3 Months Ended
	Apr. 29, 2017
Schedule of Investments [Abstract]
Summary of Investments	The following table summarizes the Company's long-term investments (in thousands): April 29, 2017 January 28, 2017 U.S. corporate debt securities $ 7,282 $ — Non-U.S. corporate debt securities 6,144 — Municipal securities 2,079 — U.S. treasury securities 2,014 — Total long-term investments $ 17,519 $ — The following table summarizes the Company's short-term investments (in thousands): April 29, 2017 January 28, 2017 Municipal securities $ 4,533 $ — Commercial paper 3,491 — U.S. corporate debt securities 1,465 — Certificate of deposit — 30,152 Total short-term investments $ 9,489 $ 30,152

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 29, 2017
Segment Reporting [Abstract]
Schedule of Net Revenues and Operating Income Information for Reportable Segments	Net revenues and operating (loss) income information for the Company’s reportable segments during the thirteen weeks ended April 29, 2017 and April 30, 2016 , respectively, consisted of the following (in thousands): Thirteen Weeks Ended April 29, April 30, Segment net revenues: Direct $ 68,837 $ 72,946 Indirect 27,298 32,235 Total $ 96,135 $ 105,181 Segment operating income: Direct $ 6,812 $ 12,137 Indirect 9,446 12,598 Total $ 16,258 $ 24,735 Reconciliation: Segment operating income $ 16,258 $ 24,735 Less: Unallocated corporate expenses (21,062 ) (20,878 ) Operating (loss) income $ (4,804 ) $ 3,857

Description of the Company an26

Description of the Company and Basis of Presentation - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 29, 2017USD ($)StoreSegmentlocation	Jan. 28, 2017USD ($)
Operating Leased Assets [Line Items]
Number of reportable segments | Segment	2
Number of full-line stores | Store	113
Number of factory outlet stores | Store	49
Number of specialty retail locations | location	2,400
Deferred rent liability	$ 12.9	$ 12.7
Deferred lease credit liability	15.5	15.8
Other accrued liabilities [Member]
Operating Leased Assets [Line Items]
Deferred lease credit liability	2.4	2.4
Long-term liabilities [Member]
Operating Leased Assets [Line Items]
Deferred lease credit liability	$ 13.1	$ 13.4

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
	Apr. 29, 2017	Apr. 30, 2016
Numerator:
Net (loss) income	$ (4,049)	$ 2,418
Denominator:
Weighted-average number of common shares (basic)	36,235	37,547
Dilutive effect of stock-based awards	0	177
Weighted-average number of common shares (diluted)	36,235	37,724
(Loss) earnings per share:
Basic (in dollars per share)	$ (0.11)	$ 0.06
Diluted (in dollars per share)	$ (0.11)	$ 0.06

Fair Value of Financial Instr28

Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 904	$ 0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	22,198	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Municipal securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Long-term investments	0	0
Municipal securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	4,533	0
Long-term investments	2,079	0
Municipal securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Long-term investments	0	0
Commercial paper | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Commercial paper | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	3,491	0
Commercial paper | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
U.S. corporate debt securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Long-term investments	0	0
U.S. corporate debt securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,465	0
Long-term investments	7,282	0
U.S. corporate debt securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Long-term investments	0	0
Certificate of deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Certificate of deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	30,152
Certificate of deposit | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Non-U.S. corporate debt securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments	0	0
Non-U.S. corporate debt securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments	6,144	0
Non-U.S. corporate debt securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments	0	0
U.S. treasury securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments	2,014	0
U.S. treasury securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments	0	0
U.S. treasury securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments	$ 0	$ 0

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Inventory Disclosure [Abstract]
Finished goods	$ 105,421	$ 102,283
Total inventories	$ 105,421	$ 102,283

Debt - Additional Information (

Debt - Additional Information (Detail) - Line of Credit [Member] - Credit Agreement [Member] - USD ($) $ in Millions	Jul. 15, 2015	Apr. 29, 2017	Jan. 28, 2017
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 125
Available borrowings		$ 125	$ 125
Base Rate, Federal Funds Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Base Rate, LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Minimum [Member] | Alternate Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	0.00%
Minimum [Member] | Adjusted LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Maximum [Member] | Alternate Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	0.70%
Maximum [Member] | Adjusted LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.70%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate	15.00%	36.50%

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 29, 2017USD ($)shares	Apr. 30, 2016USD ($)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 | $	$ 8.4
Weighted average period to recognize the total unrecognized compensation cost	2 years 25 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	294,000
Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted-stock awards/units granted in period	212,000
Restricted stock units vesting 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
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	506,572	295,148
Restricted-stock awards/units with an aggregate grant-date fair value | $	$ 4.7	$ 5.8
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) shares in Thousands	3 Months Ended
	Apr. 29, 2017$ / sharesshares
Time-based Restricted Stock Units [Member]
Number of Units
Nonvested units outstanding, beginning balance | shares	487
Granted, Number of Units | shares	294
Vested, Number of Units | shares	(233)
Forfeited, Number of Units | shares	(24)
Nonvested units outstanding, ending balance | shares	524
Weighted- Average Grant Date Fair Value (per unit)
Weighted-Average Grant Date Fair Value (per unit), beginning balance | $ / shares	$ 18.04
Granted, Weighted-Average Grant Date Fair Value (per unit) | $ / shares	9.31
Vested, Weighted-Average Grant Date Fair Value (per unit) | $ / shares	18.18
Forfeited, Weighted-Average Grant Date Fair Value (per unit) | $ / shares	17.15
Weighted-Average Grant Date Fair Value (per unit), ending balance | $ / shares	$ 13.11
Performance-based Restricted Stock Units [Member]
Number of Units
Nonvested units outstanding, beginning balance | shares	375
Granted, Number of Units | shares	212
Vested, Number of Units | shares	0
Forfeited, Number of Units | shares	(93)
Nonvested units outstanding, ending balance | shares	494
Weighted- Average Grant Date Fair Value (per unit)
Weighted-Average Grant Date Fair Value (per unit), beginning balance | $ / shares	$ 19.10
Granted, Weighted-Average Grant Date Fair Value (per unit) | $ / shares	9.31
Vested, Weighted-Average Grant Date Fair Value (per unit) | $ / shares	0
Forfeited, Weighted-Average Grant Date Fair Value (per unit) | $ / shares	24.84
Weighted-Average Grant Date Fair Value (per unit), ending balance | $ / shares	$ 14.05

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended
	Apr. 29, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Cyber security insurance coverage limit	$ 15
Cyber security insurance deductible	$ 0.1

Common Stock (Details)

Common Stock (Details) - USD ($)	3 Months Ended
	Apr. 29, 2017	Jan. 28, 2017	Dec. 08, 2015
Equity, Class of Treasury Stock [Line Items]
Average price per share of shares acquired (in dollars per share)	$ 14.44
Number of shares held in treasury	4,840,073
Value of treasury stock	$ 69,869,000	$ 68,670,000
The 2015 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount under share repurchase program			$ 50,000,000
Shares acquired as part of share repurchase program	131,619
Average price per share of shares acquired (in dollars per share)	$ 9.11
Remaining authorized repurchase amount	$ 20,100,000
Value of treasury stock	$ 1,200,000

Other Charges (Details)

Other Charges (Details) $ in Millions	3 Months Ended
	Apr. 29, 2017USD ($)
Restructuring and Related Activities [Abstract]
Severance charges	$ 1.3
Severance charges, net of tax benefit	$ 0.8

Investments - Short-Term Invest

Investments - Short-Term Investments (Details) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017
Investment Holdings [Line Items]
Short-term investments	$ 9,489	$ 30,152
Municipal securities
Investment Holdings [Line Items]
Short-term investments	4,533	0
Commercial paper
Investment Holdings [Line Items]
Short-term investments	3,491	0
U.S. corporate debt securities
Investment Holdings [Line Items]
Short-term investments	1,465	0
Certificate of deposit
Investment Holdings [Line Items]
Short-term investments	$ 0	$ 30,152

Investments - Long-Term Investm

Investments - Long-Term Investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 29, 2017	Jan. 28, 2017
Investment Holdings [Line Items]
Long-term investments	$ 17,519	$ 0
Available-for-sale securities, gross unrealized gain (loss)	0	0
U.S. corporate debt securities
Investment Holdings [Line Items]
Long-term investments	7,282	0
Non-U.S. corporate debt securities
Investment Holdings [Line Items]
Long-term investments	6,144	0
Municipal securities
Investment Holdings [Line Items]
Long-term investments	2,079	0
U.S. treasury securities
Investment Holdings [Line Items]
Long-term investments	$ 2,014	$ 0

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Apr. 29, 2017Segmentlocation
Segment Reporting [Abstract]
Number of operating segments | Segment	2
Number of specialty retail locations | location	2,400

Segment Reporting - Schedule of

Segment Reporting - Schedule of Net Revenues and Operating Income Information for Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Segment net revenues	$ 96,135	$ 105,181
Segment operating income	16,258	24,735
Unallocated corporate expenses	(21,062)	(20,878)
Operating (loss) income	(4,804)	3,857
Operating Segments [Member] | Direct [Member]
Segment Reporting Information [Line Items]
Segment net revenues	68,837	72,946
Segment operating income	6,812	12,137
Operating Segments [Member] | Indirect [Member]
Segment Reporting Information [Line Items]
Segment net revenues	27,298	32,235
Segment operating income	$ 9,446	$ 12,598

Uncategorized Items - vra-20170

Label	Element	Value
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	$ 426,000
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	436,000
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	83,000
Repurchase of Common Stock Incurred but Not yet Paid	vra_RepurchaseofCommonStockIncurredbutNotyetPaid	0
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	3,173,000
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	2,872,000
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	2,780,000
Capital Expenditures Incurred but Not yet Paid	us-gaap_CapitalExpendituresIncurredButNotYetPaid	$ 2,204,000