Tilly's (TLYS) 10-Q 30 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 04, 2018	Aug. 29, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 4, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	TLYS
Entity Registrant Name	TILLY'S, INC.
Entity Central Index Key	1,524,025
Current Fiscal Year End Date	--02-02
Entity Filer Category	Accelerated Filer
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		15,640,185
Common Stock (Class B)
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,668,497

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Current assets:
Cash and cash equivalents	$ 45,638	$ 53,202	$ 43,567
Marketable securities	78,588	82,750	66,064
Receivables	11,182	4,352	6,829
Merchandise inventories	74,815	53,216	75,033
Prepaid expenses and other current assets	9,062	9,534	9,391
Total current assets	219,285	203,054	200,884
Property and equipment, net	78,906	83,321	89,130
Other assets	3,391	3,736	6,843
Total assets	301,582	290,111	296,857
Current liabilities:
Accounts payable	42,786	21,615	41,729
Accrued expenses	29,521	22,731	29,097
Deferred revenue	7,193	10,879	9,277
Accrued compensation and benefits	7,392	6,119	7,834
Dividends payable	0	29,067	0
Current portion of deferred rent	5,868	5,220	5,836
Capital lease obligation	0	0	386
Total current liabilities	92,760	95,631	94,159
Long-term portion of deferred rent	31,239	31,340	33,080
Capital Lease Obligations, Noncurrent	2,236	2,715	0
Total liabilities	126,235	129,686	127,239
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued or outstanding	0	0	0
Additional paid-in capital	146,476	143,984	139,479
Retained earnings	28,756	16,398	30,008
Accumulated other comprehensive income	86	14	102
Total stockholders’ equity	175,347	160,425	169,618
Total liabilities and stockholders’ equity	301,582	290,111	296,857
Common stock (Class A), $0.001 par value; 100,000 shares authorized; 15,599, 14,927 and 13,864 shares issued and outstanding, respectively
Stockholders’ equity:
Common stock	15	15	14
Common stock (Class B), $0.001 par value; 35,000 shares authorized; 13,708, 14,188 and 14,958 shares issued and outstanding, respectively
Stockholders’ equity:
Common stock	$ 14	$ 14	$ 15

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0	0
Preferred stock, shares outstanding (in shares)	0	0	0
Common stock (Class A), $0.001 par value; 100,000 shares authorized; 15,599, 14,927 and 13,864 shares issued and outstanding, respectively
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	15,599,000	14,927,000	13,864,000
Common stock, shares outstanding (in shares)	15,599,000	14,927,000	13,864,000
Common stock (Class B), $0.001 par value; 35,000 shares authorized; 13,708, 14,188 and 14,958 shares issued and outstanding, respectively
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	35,000,000	35,000,000	35,000,000
Common stock, shares issued (in shares)	13,708,000	14,188,000	14,958,000
Common stock, shares outstanding (in shares)	13,708,000	14,188,000	14,958,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Net sales	$ 157,406	$ 138,810	$ 281,040	$ 259,757
Cost of goods sold (includes buying, distribution, and occupancy costs)	107,301	97,881	195,957	185,923
Gross profit	50,105	40,929	85,083	73,834
Selling, general and administrative expenses	37,627	42,168	71,275	75,402
Operating income/(loss)	12,478	(1,239)	13,808	(1,568)
Other income, net	490	197	873	435
Income/(loss) before income taxes	12,968	(1,042)	14,681	(1,133)
Income tax expense/(benefit)	3,279	(446)	3,770	(376)
Net income/(loss)	$ 9,689	$ (596)	$ 10,911	$ (757)
Weighted average basic shares outstanding (in shares)	29,209	28,751	29,145	28,728
Weighted average diluted shares outstanding (in shares)	29,681	28,751	29,567	28,728
Class A and Class B common stock
Basic earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.33	$ (0.02)	$ 0.37	$ (0.03)
Diluted earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.33	$ (0.02)	$ 0.37	$ (0.03)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 9,689	$ (596)	$ 10,911	$ (757)
Other comprehensive (loss)/income:
Net change in unrealized gain on available-for-sale securities, net of tax	(25)	59	72	36
Other comprehensive (loss)/income	(25)	59	72	36
Comprehensive income/(loss)	$ 9,664	$ (537)	$ 10,983	$ (721)

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Common Stock (Class A)	Common Stock (Class B)
Cumulative-effect adjustment from adoption of ASC 606 (Note 2)	$ 1,447		$ 0	$ 1,447
Beginning balance (in shares) at Feb. 03, 2018						14,927,000	14,188,000
Beginning balance at Feb. 03, 2018	160,425	$ 29	143,984	16,398	$ 14
Net income/(loss)	10,911			10,911
Restricted stock (in shares)						52,000
Taxes paid in lieu of shares issued (in shares)						(10,000)
Taxes paid in lieu of shares issued	(111)		(111)
Shares converted by founders (in shares)						480,000	(480,000)
Share-based compensation expense	$ 1,127		1,127
Employee exercises of stock options (in shares)	149,875					150,000
Employee exercises of stock options	$ 1,476		1,476
Change in unrealized gain on available-for-sale securities	72				72
Ending balance (in shares) at Aug. 04, 2018						15,599,000	13,708,000
Ending balance at Aug. 04, 2018	$ 175,347	$ 29	$ 146,476	$ 28,756	$ 86

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017
Cash flows from operating activities
Net income/(loss)	$ 10,911	$ (757)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation and amortization	11,503	11,904
Share-based compensation expense	1,127	1,195
Impairment of assets	786	451
Loss on disposal of assets	17	16
Gain on sales and maturities of marketable securities	(599)	(266)
Deferred income taxes	(203)	(364)
Changes in operating assets and liabilities:
Receivables	(6,830)	(2,840)
Merchandise inventories	(21,789)	(27,265)
Prepaid expenses and other assets	461	(280)
Accounts payable	21,571	24,116
Accrued expenses	4,688	(74)
Accrued compensation and benefits	1,273	575
Deferred rent	547	(2,617)
Deferred revenue	(1,513)	(926)
Net cash provided by operating activities	21,950	2,868
Cash flows from investing activities
Purchase of property and equipment	(6,668)	(6,954)
Purchases of marketable securities	(79,822)	(62,898)
Maturities of marketable securities	84,678	52,082
Net cash used in investing activities	(1,812)	(17,770)
Cash flows from financing activities
Dividends paid	(29,067)	(20,080)
Proceeds from exercise of stock options	1,476	105
Taxes paid in lieu of shares issued for share-based compensation	(111)	(101)
Payment of capital lease obligation	0	(449)
Net cash used in financing activities	(27,702)	(20,525)
Change in cash and cash equivalents	(7,564)	(35,427)
Cash and cash equivalents, beginning of period	53,202	78,994
Cash and cash equivalents, end of period	45,638	43,567
Supplemental disclosures of cash flow information
Interest paid	0	20
Income taxes paid	3,999	4,606
Supplemental disclosure of non-cash activities
Unpaid purchases of property and equipment	$ 1,223	$ 5,328

Description of the Company and

Description of the Company and Basis of Presentation	6 Months Ended
	Aug. 04, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Company and Basis of Presentation	Description of the Company and Basis of Presentation Tillys is a leading destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive assortment of iconic global, emerging, and proprietary brands rooted in an active and social lifestyle. Tillys is headquartered in Irvine, California and we operated 226 stores, including three RSQ-branded pop-up stores, in 31 states as of August 4, 2018 . Our stores are located in malls, lifestyle centers, ‘power’ centers, community centers, outlet centers and street-front locations. Customers may also shop online, where we feature the same assortment of products as carried in our brick-and-mortar stores, supplemented by additional online-only styles. Our goal is to serve as a destination for the latest, most relevant merchandise and brands important to our customers. The Tillys concept began in 1982, when our co-founders, Hezy Shaked and Tilly Levine, opened their first store in Orange County, California. Since 1984 the business has been conducted through World of Jeans & Tops, a California corporation, or “WOJT”, which operates under the name “Tillys”. In May 2011, Tilly’s, Inc., a Delaware corporation, was formed solely for the purpose of reorganizing the corporate structure of WOJT in preparation for an initial public offering. As part of the initial public offering in May 2012, WOJT became a wholly owned subsidiary of Tilly's, Inc. As used in these Notes to the Consolidated Financial Statements, except where the context otherwise requires or where otherwise indicated, the terms "the Company", "World of Jeans and Tops", "WOJT", "we", "our", "us" and "Tillys" refer to WOJT before our initial public offering, and to Tilly's, Inc. and its subsidiary after our initial public offering. We have prepared the accompanying unaudited consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial reporting. These unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from this Quarterly Report on Form 10-Q as is permitted by SEC rules and regulations. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal and recurring adjustments necessary to present fairly the financial condition, results of operations and cash flows for the interim periods presented. The results of operations for the three and six months ended August 4, 2018 and July 29, 2017 are not necessarily indicative of results to be expected for the full fiscal year. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018 ("fiscal 2017"). Fiscal Periods Our fiscal year ends on the Saturday closest to January 31. References to fiscal 2018 refer to the fiscal year ending February 2, 2019. References to the fiscal quarters ended August 4, 2018 and July 29, 2017 refer to the three and six months ended as of those dates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Aug. 04, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Information regarding our significant accounting policies is contained in Note 2, “Summary of Significant Accounting Policies”, of the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018 . Recently Adopted Accounting Standard On February 4, 2018, we adopted Financial Accounting Standards Board (the "FASB") Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers ("ASC 606"), using the modified retrospective transition method, which under ASC 606, means the standard applies retrospectively with the cumulative effect recognized in the opening retained earnings balance in fiscal 2018. Comparative information for the prior year fiscal quarter has not been adjusted and continues to be reported under the previous standard ASC 605. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to our customers at an amount we expect to be entitled to in exchange for those goods or services. The adoption of this standard requires us to recognize gift card breakage income in proportion to redemptions as they occur. The new guidance also requires enhanced disclosures, such as disaggregation of revenues and revenue recognition policies that require significant judgment and identification of performance obligations to customers. The adoption of ASC 606 resulted in a net cumulative effect adjustment that increased the opening balance of retained earnings by approximately $1.4 million , as well as the following impacts: • Breakage revenue is now recognized over time in proportion to actual customer redemptions. Breakage revenue was previously recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote. • Revenue for merchandise shipped to the customer from a distribution center or store is now recognized at the shipping point, whereas it was previously recognized upon customer receipt. The impact of the adoption of ASC 606 on the Consolidated Balance Sheet as of August 4, 2018 was as follows (in thousands): As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) Merchandise inventories $ 74,815 $ 75,625 $ (810 ) Other assets 3,391 3,927 (536 ) Accrued expenses 29,521 29,131 390 Deferred revenue 7,193 10,894 (3,701 ) Retained earnings 28,756 26,791 1,965 The impact of the adoption of ASC 606 on our Consolidated Statements of Operations for the three and six months ended August 4, 2018 was as follows (in thousands): Three Months Ended Six Months Ended As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) Net sales $ 157,406 $ 156,470 $ 936 $ 281,040 $ 279,512 $ 1,528 Cost of goods sold 107,301 106,920 381 195,957 195,337 620 Gross profit 50,105 49,550 555 85,083 84,175 908 Revenue Recognition Revenue is recognized for store sales when the customer receives and pays for the merchandise at the register, net of estimated returns. Taxes collected from our customers are recorded on a net basis. For e-commerce sales, we recognize revenue, net of sales taxes and estimated sales returns, and the related cost of goods sold at the time the merchandise is shipped to the customer. Amounts related to shipping and handling that are billed to customers are reflected in net sales, and the related costs are reflected in cost of goods sold in the accompanying Consolidated Statements of Operations. The following table summarizes net sales from our retail stores compared to e-commerce (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Retail stores $ 137,734 $ 121,957 $ 246,235 $ 226,652 E-commerce 19,672 16,853 34,805 33,105 Total net sales $ 157,406 $ 138,810 $ 281,040 $ 259,757 We accrue for estimated sales returns by customers based on historical sales return results. As of August 4, 2018 , February 3, 2018 and July 29, 2017, our reserve for sales returns was $3.3 million , $1.1 million and $2.2 million , respectively. We recognize revenue from gift cards as they are redeemed for merchandise. Prior to redemption, we maintain a current liability for unredeemed gift card balances. The customer liability balance was $5.7 million , $9.2 million and $7.1 million as of August 4, 2018 , February 3, 2018 and July 29, 2017, respectively, and is included in deferred revenue on the accompanying Consolidated Balance Sheets. Our gift cards do not have expiration dates and in most cases there is no legal obligation to remit unredeemed gift cards to relevant jurisdictions. Based on actual historical redemption patterns, we determined that a small percentage of gift cards are unlikely to be redeemed (which we refer to as gift card “breakage”). Based on our historical gift card breakage rate, we recognize breakage revenue over the redemption period in proportion to actual gift card redemptions. Revenue recognized from gift cards was $3.4 million and $7.2 million for the three months and six months ended August 4, 2018 , respectively, and $3.7 million and $7.9 million for the three and six months ended July 29, 2017, respectively. We have a customer loyalty program where customers accumulate points based on purchase activity. Once a loyalty member achieves a certain point level, the member earns awards that may be redeemed for merchandise. Unredeemed awards and accumulated partial points are accrued as deferred revenue and awards redeemed by the member for merchandise are recorded as an increase to net sales. We expire unredeemed awards after 45 days from date of issuance and accumulated partial points 365 days after the last purchase activity. A liability is estimated based on the standalone selling price of awards and partial points earned and estimated redemptions. The deferred revenue for this program was $1.5 million , $1.2 million and $0.9 million as of August 4, 2018 , February 3, 2018 and July 29, 2017, respectively. Revenue recognized from our loyalty program was $0.4 million and $0.7 million for the three and six months ended August 4, 2018 , respectively, and $0.3 million and $0.4 million for the three and six months ended and July 29, 2017, respectively. Income taxes The Securities and Exchange Commission has issued interpretive guidance under Staff Accounting Bulletin No. 118 ("SAB 118") that allows for a measurement period up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts. We have not made any provision adjustments during the first half ended August 4, 2018 . We are continuing to assess the final impact of the guidance which we expect to complete within the one-year time frame provided by SAB 118. New Accounting Standards Not Yet Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases. ASC 842, which will become effective for us in the first quarter of fiscal 2019, with early adoption permitted, must be adopted using the modified retrospective method. The new standard is expected to impact our consolidated financial statements as we conduct all of our retail sales and corporate operations in leased facilities. We are in the process of evaluating the impact of adopting the new standard on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which modifies or replaces existing models for impairment of trade and other receivables, debt securities, loans, beneficial interests held as assets, purchased-credit impaired financial assets and other instruments. The new standard requires entities to measure expected losses over the life of the asset and recognize an allowance for estimated credit losses upon recognition of the financial instrument. ASU 2016-13 will become effective for us in the first quarter of fiscal 2020, with early adoption permitted and must be adopted using the modified retrospective method. We are in the process of evaluating the impact of adopting the new standard on our consolidated financial statements and related disclosures.

Marketable Securities

Marketable Securities	6 Months Ended
	Aug. 04, 2018
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Marketable Securities Marketable securities as of August 4, 2018 consisted of commercial paper, classified as available-for-sale, and fixed income securities, classified as held-to-maturity as we have the intent and ability to hold them to maturity. Our investments in commercial paper and fixed income securities are recorded at fair value and amortized cost, respectively, which approximates fair value. All of our marketable securities are less than one year from maturity. The following table summarizes our investments in marketable securities at August 4, 2018 , February 3, 2018 and July 29, 2017 (in thousands): August 4, 2018 Cost or Amortized Cost Gross Unrealized Holding Gains Estimated Fair Value Commercial paper $ 54,389 $ 118 $ 54,507 Fixed income securities 24,081 — 24,081 $ 78,470 $ 118 $ 78,588 February 3, 2018 Cost or Gross Unrealized Holding Gains Estimated Commercial paper $ 59,566 $ 23 $ 59,589 Fixed income securities 23,119 42 23,161 $ 82,685 $ 65 $ 82,750 July 29, 2017 Cost or Gross Unrealized Estimated Commercial paper $ 44,713 $ 170 $ 44,883 Fixed income securities 21,181 — 21,181 $ 65,894 $ 170 $ 66,064 We recognized gains on investments for commercial paper that matured during the three and six months ended August 4, 2018 and July 29, 2017 . Upon recognition of the gains, we reclassified these amounts out of Accumulated Other Comprehensive Income/(Loss) and into “Other income, net” on the Consolidated Statements of Operations. The following table summarizes our gains on investments for commercial paper (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Gains on investments $ 240 $ 83 $ 435 $ 215

Line of Credit

Line of Credit	6 Months Ended
	Aug. 04, 2018
Debt Disclosure [Abstract]
Line of Credit	Line of Credit Our amended and restated credit agreement with Wells Fargo Bank, N.A. (the "Bank") provides for a $25.0 million revolving line of credit with a maturity date of June 26, 2020 . The interest rate charged on borrowings is selected at our discretion at the time of draw between the London Interbank Offered Rate, plus 0.75% , or at the Bank’s prime rate. The agreement allows for the declaration and payment of dividends or distributions to stockholders, subject to certain limitations. On February 20, 2018 and February 24, 2017, we paid a special cash dividend of $1.00 per share and $0.70 per share, respectively, to all holders of record of issued and outstanding shares of both our Class A and Class B common stock. The line of credit is secured by substantially all of our assets. As a sub-feature under the credit agreement, the Bank may also issue stand-by and/or commercial letters of credit up to $15.0 million . We are required to maintain certain financial and non-financial covenants in accordance with the line of credit. The financial covenants require certain levels of leverage and profitability, such as (i) income before income taxes must not to be less than $1.0 million (calculated at the end of each fiscal quarter on a trailing 12-month basis), (ii) a maximum ratio of 4.00 to 1.00 as of each quarter end for “Funded Debt to EBITDAR”, defined as the sum of total debt, capital leases and annual rent expense multiplied by six divided by the sum of net income, interest expense, taxes, depreciation, amortization and annual rent expense on a trailing 12-month basis, and (iii) requires minimum eligible inventory, cash, cash equivalents and marketable securities totaling $50.0 million as of the end of each quarter. In addition, maximum investment in fixed assets in any fiscal year must not exceed $50.0 million . In September 2016, we established a $750,000 standby letter of credit as security against insurance claims as required by our workers' compensation insurance policy. There has been no activity under this letter of credit since its inception. As of August 4, 2018 , we were in compliance with all of our covenants and had no outstanding borrowings under the revolving credit facility.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 04, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, we may become involved in lawsuits and other claims arising from our ordinary course of business. We have established loss provisions of approximately $4.7 million for matters in which losses are probable and can be reasonably estimated. For some matters, we are currently unable to predict the ultimate outcome, determine whether a liability has been incurred or make an estimate of the reasonably possible liability that could result from an unfavorable outcome because of the uncertainties related to the incurrence, amount and range of loss on any pending litigation or claim. Because of the unpredictable nature of these matters, we cannot provide any assurances regarding the outcome of any litigation or claim to which we are a party or that the ultimate outcome of any of the matters threatened or pending against us, including those disclosed below, will not have a material adverse effect on our financial condition, results of operations or cash flows. Juan Carlos Gonzales, on behalf of himself and all others similarly situated, v. Tilly’s Inc. et al, Superior Court of California, County of Orange, Case No. 30-2017-00948710-CU-OE-CXC. In October 2017, the plaintiff filed a putative class action against us, alleging various violations of California’s wage and hour laws. The complaint seeks class certification, unspecified damages, unpaid wages, penalties, restitution, interest, and attorneys’ fees and costs. In December 2017, we filed an answer to the complaint, denying all of the claims and asserting various defenses. In April 2018, the plaintiff filed a separate action under the Private Attorneys General Act (PAGA) against us seeking penalties on behalf of himself and other similarly situated employees for the same alleged violations of California's wage and hour laws. We requested the plaintiff to dismiss the class action claims based on an existing class action waiver in an arbitration agreement which plaintiff signed with our co-defendant, BaronHR, the staffing company that employed plaintiff to work at the Company. In June 2018, the plaintiff's class action complaint was dismissed. We have defended this case vigorously, and will continue to do so. Lauren Minniti, on behalf of herself and all others similarly situated, v. Tilly’s, Inc., United States District Court, Southern District of Florida, Case No. 0:17-cv-60237-FAM . On January 30, 2017, the plaintiff filed a putative class action lawsuit against us, alleging violations of the Telephone Consumer Protection Act of 1991 (the “TCPA”). Specifically, the complaint asserted a violation of the TCPA for allegedly sending unsolicited automated messages to the cellular telephones of the plaintiff and others. The complaint sought class certification and damages of $500 per violation plus treble damages under the TCPA. In March 2017, we filed our initial response to this matter with the court. In June 2017, the parties attended a mediation. In July 2017, the parties reached an agreement in principle to settle this matter, subject to court approval, and we recorded an estimated loss provision of $6.2 million in connection with the proposed settlement during the second quarter of fiscal 2017. In March 2018, the parties executed a settlement agreement, subject to final court approval. In April 2018, the court preliminarily approved the settlement agreement and certified a class for settlement purposes. In May 2018, the class members were sent notice of the settlement and in August 2018, the court granted final approval of the settlement. As a result, we recorded a $1.5 million reduction in our original accrual estimate to reflect the final required cash payments to be made as part of this settlement. Additionally, we are required to issue non-transferable discount coupons to approximately 612,000 existing Tillys customers not covered by the cash payments in early September 2018. These coupons entitle the recipient to a one -time 50% discount on a single purchase transaction of up to $1,000 . Any unused coupons will expire upon the one year anniversary of the date of issuance. We cannot reasonably estimate the number of coupons that will be utilized, the timing of any coupon usage, the average transaction value utilizing these coupons, or the potential impact of their usage on our reported comparable store net sales, product margins and earnings per share over the course of the next twelve months, but the potential impact could be material and adverse. In particular, we generally expect that the usage of these coupons will have a positive impact on our comparable store net sales, and a negative impact on our product margins, although we cannot reasonably estimate the magnitude of such impacts. The potential impact on our operating income will depend on a variety of factors that cannot be reasonably estimated at this time, including but not limited to the factors described above. Skylar Ward, on behalf of herself and all others similarly situated, v. Tilly’s, Inc., Superior Court of California, County of Los Angeles, Case No. BC595405. In September 2015, the plaintiff filed a putative class action lawsuit against us alleging, among other things, various violations of California's wage and hour laws. The complaint sought class certification, unspecified damages, unpaid wages, penalties, restitution, and attorneys' fees. In June 2016, the court granted our demurrer to the plaintiff's complaint on the grounds that the plaintiff failed to state a cause of action against Tilly's and dismissed the complaint. Specifically, the court agreed with us that the plaintiff's cause of action for reporting-time pay fails as a matter of law as the plaintiff and other putative class members did not "report for work" with respect to certain shifts on which the plaintiff's claims are based. In November 2016, the court entered a written order sustaining our demurrer to the plaintiff's complaint and dismissing all of plaintiff’s causes of action with prejudice. In January 2017, the plaintiff filed an appeal of the order to the California Court of Appeal. In October 2017, the plaintiff filed her opening appellate brief, and our responding appellate brief was filed in December 2017. In May 2018, the plaintiff filed her reply appellate brief. Later in May 2018, an amicus brief was filed by Abercrombie & Fitch Stores, Inc., in support of Tilly’s position in this appeal. Oral arguments have been scheduled by the court for November 2018. We have defended this case vigorously, and will continue to do so. In June 2015, we and one of our vendors entered into a settlement arrangement with a plaintiff who filed a copyright infringement lawsuit against the vendor and us related to certain vendor products we sell. The settlement required that the vendor pay $2.0 million to the plaintiff over three years , and we agreed to guarantee such payments in exchange for a security interest in the vendor's intellectual property. We concluded this matter with the final settlement payment on June 5, 2018. The total settlement amount paid by us was not materially different from the amount previously accrued.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 04, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We determine fair value based on a three-level valuation hierarchy as described below. Fair value is defined as the exit price associated with the sale of an asset or transfer of a liability in an orderly transaction between market participants at the measurement date. The three-level hierarchy of inputs used to determine fair value is as follows: • Level 1 – Quoted prices in active markets for identical assets and liabilities. • Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – Unobservable inputs (i.e. projections, estimates, interpretations, etc.) that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. We measure certain financial assets at fair value on a recurring basis, including our marketable securities, which are classified as either available-for-sale or held-to-maturity securities, and certain cash equivalents, specifically money market securities, commercial paper and bonds. The money market accounts are valued based on quoted market prices in active markets. The marketable securities are valued based on other observable inputs for those securities (including market corroborated pricing or other models that utilize observable inputs such as interest rates and yield curves) based on information provided by independent third party entities. From time to time, we measure certain assets at fair value on a non-recurring basis, including evaluation of long-lived assets for impairment using Company specific assumptions which would fall within Level 3 of the fair value hierarchy. Fair value calculations contain significant judgments and estimates, which may differ from actual results due to, among other things, economic conditions, changes to the business model or changes in operating performance. During the three and six months ended August 4, 2018 and July 29, 2017 , we did not make any transfers between Level 1 and Level 2 financial assets. Furthermore, as of August 4, 2018 , February 3, 2018 and July 29, 2017 , we did not have any Level 3 financial assets. We conduct reviews on a quarterly basis to verify pricing, assess liquidity and determine if significant inputs have changed that would impact the fair value hierarchy disclosure. Financial Assets We have categorized our financial assets based on the priority of the inputs to the valuation technique for the instruments as follows (in thousands): August 4, 2018 February 3, 2018 July 29, 2017 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents (1) : Money market securities $ 32,556 $ — $ — $ 46,441 $ — $ — $ 35,508 $ — $ — Marketable securities: Commercial paper $ — $ 54,507 $ — $ — $ 59,589 $ — $ — $ 44,883 $ — Fixed income securities — 24,081 — — 23,161 — — 21,181 — (1) Excluding cash. Impairment of Long-Lived Assets An impairment is recorded on a long-lived asset used in operations whenever events or changes in circumstances indicate that the net carrying amounts for such asset may not be recoverable. Important factors that could result in an impairment review include, but are not limited to, significant under-performance relative to historical or planned operating results, significant changes in the manner of use of the assets or significant changes in our business strategies. An evaluation is performed using estimated undiscounted future cash flows from operating activities compared to the carrying value of related assets for the individual stores. If the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized for the difference between the carrying value and the estimated fair value of the assets based on the discounted cash flows of the assets using a rate that approximates our weighted average cost of capital. With regard to retail store assets, which are comprised of leasehold improvements, fixtures and computer hardware and software, we consider the assets at each individual retail store to represent an asset group. In addition, we have considered the relevant valuation techniques that could be applied without undue cost and effort and have determined that the discounted estimated future cash flow approach provides the most relevant and reliable means by which to determine fair value in this circumstance. On a quarterly basis, we assess whether events or changes in circumstances have occurred that potentially indicate the carrying value of long-lived assets may not be recoverable. During the three and six months ended August 4, 2018 , based on Level 3 inputs of historical operating performance, including sales trends, gross margin rates, current cash flows from operations and the projected outlook for each of our stores, we determined that two of our stores would not be able to generate sufficient cash flows over the remaining term of the related lease to recover our investment in the respective store. As a result, we recorded non-cash impairment charges during the three and six months ended August 4, 2018 of approximately $0.6 million and $0.8 million , respectively, to write-down the carrying value of certain long-lived store assets to zero. Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, ($ in thousands) Carrying value of assets with impairment $641 $451 $786 $451 Number of stores tested for impairment 4 6 5 8 Number of stores with impairment 1 2 2 2

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Aug. 04, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Share-Based Compensation The Tilly's, Inc. 2012 Amended and Restated Equity and Incentive Plan, as amended in June 2014 (the "2012 Plan"), authorizes up to 4,413,900 shares for issuance of options, shares or rights to acquire our Class A common stock and allows for, among other things, operating income and comparable store sales growth targets as additional performance goals that may be used in connection with performance-based awards granted under the 2012 Plan. As of August 4, 2018 , there were 1,496,740 shares still available for future issuance under the 2012 Plan. Stock Options We grant stock options to certain employees that give them the right to acquire our Class A common stock under the 2012 Plan. The exercise price of options granted is equal to the closing price per share of our stock at the date of grant. The nonqualified options vest at a rate of 25% on each of the first four anniversaries of the grant date provided that the award recipient continues to be employed by us through each of those vesting dates, and expire ten years from the date of grant. The following table summarizes the stock option activity for the six months ended August 4, 2018 (aggregate intrinsic value in thousands): Stock Options Grant Date Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value (1) Outstanding at February 3, 2018 1,851,250 $ 9.50 Granted 301,625 $ 11.33 Exercised (149,875 ) $ 9.85 Forfeited (41,000 ) $ 8.94 Expired (13,500 ) $ 15.30 Outstanding at August 4, 2018 1,948,500 $ 9.73 7.1 $ 11,056 Vested and expected to vest at August 4, 2018 1,948,500 $ 9.73 7.1 $ 11,056 Exercisable at August 4, 2018 946,375 $ 11.14 5.5 $ 4,102 (1) Intrinsic value for stock options is defined as the difference between the market price of our Class A common stock on the last business day of the fiscal quarter and the weighted average exercise price of in-the-money stock options outstanding at the end of each fiscal period. The market value per share was $15.34 at August 4, 2018 . The stock option awards were measured at fair value on the grant date using the Black-Scholes option valuation model. Key input assumptions used to estimate the fair value of stock options include the exercise price of the award, the expected option term, expected volatility of our stock over the option’s expected term, the risk-free interest rate over the option’s expected term and our expected annual dividend yield, if any. We account for forfeitures as they occur. We will issue shares of Class A common stock when the options are exercised. The fair values of stock options granted during the six months ended August 4, 2018 and three and six months ended July 29, 2017 were estimated on the grant date using the following assumptions. There were no stock options granted during the three months ended August 4, 2018. Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Weighted average grant-date fair value per option granted NA $4.60 $5.35 $4.02 Expected option term (1) NA 5.0 years 5.0 years 5.0 years Weighted average expected volatility factor (2) NA 50.5% 51.6% 51.4% Weighted average risk-free interest rate (3) NA 1.8% 2.6% 1.9% Expected annual dividend yield NA —% —% —% NA - Not applicable (1) We have limited historical information regarding expected option term. Accordingly, we determine the expected option term of the awards using the latest historical data available from comparable public companies and management’s expectation of exercise behavior. (2) Stock volatility for each grant is measured using the weighted average of historical daily price changes of our common stock over the most recent period equal to the expected option term of the awards. (3) The risk-free interest rate is determined using the rate on treasury securities with the same term as the expected life of the stock option as of the grant date. Restricted Stock Restricted stock awards ("RSAs") represent restricted shares of our common stock issued upon the date of grant in which the recipient's rights in the stock are restricted until the shares are vested, and restricted stock units ("RSUs") represent a commitment to issue shares of our common stock in the future upon vesting. Under the 2012 Plan, we may grant RSAs to independent members of our Board of Directors and RSUs to certain employees. RSAs granted to our Board of Directors vest at a rate of 50% on each of the first two anniversaries of the grant date provided that the respective award recipient continues to serve on our Board of Directors through each of those vesting dates. RSUs granted to certain employees vest at a rate of 25% on each of the first four anniversaries of the grant date provided that the respective recipient continues to be employed by us through each of those vesting dates. We determine the fair value of restricted stock underlying the RSAs and RSUs based upon the closing price of our Class A common stock on the date of grant. A summary of the status of non-vested restricted stock changes during the six months ended August 4, 2018 are presented below: Restricted Stock Weighted Average Grant-Date Fair Value Nonvested at February 3, 2018 109,532 $ 12.24 Granted 21,476 $ 14.90 Vested (67,732 ) $ 11.08 Forfeited (1,125 ) $ 16.07 Nonvested at August 4, 2018 62,151 $ 14.36 Share-based compensation expense associated with stock options and restricted stock is recognized on a straight-line basis over the requisite service period. The following table summarizes share-based compensation recorded in the Consolidated Statements of Operations (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Cost of goods sold $ 127 $ 159 $ 267 $ 300 Selling, general and administrative expenses 420 459 860 895 Share-based compensation $ 547 $ 618 $ 1,127 $ 1,195 At August 4, 2018 , there was $4.2 million of total unrecognized stock-based compensation expense related to unvested stock options and restricted stock. This cost has a weighted average remaining recognition of 2.5 years .

Income_(Loss) Per Share

Income/(Loss) Per Share	6 Months Ended
	Aug. 04, 2018
Earnings Per Share [Abstract]
Income/(Loss) Per Share	Income/(Loss) Per Share Income/(loss) per share is computed under the provisions of ASC 260, Earnings Per Share . Basic income/(loss) per share is computed based on the weighted average number of common shares outstanding during the period. Diluted income/(loss) per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method, whereby proceeds from such exercise, unamortized compensation and hypothetical excess tax benefits, if any, on share-based awards are assumed to be used by us to purchase the common shares at the average market price during the period. Potentially dilutive shares of common stock represent outstanding stock options and RSAs. The components of basic and diluted income/(loss) per share are as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Net income/(loss) $ 9,689 $ (596 ) $ 10,911 $ (757 ) Weighted average basic shares outstanding 29,209 28,751 29,145 28,728 Dilutive effect of stock options and restricted stock 472 — 422 — Weighted average shares for diluted income per share 29,681 28,751 29,567 28,728 Basic income/(loss) per share of Class A and Class B common stock $ 0.33 $ (0.02 ) $ 0.37 $ (0.03 ) Diluted income/(loss) per share of Class A and Class B common stock $ 0.33 $ (0.02 ) $ 0.37 $ (0.03 ) The following stock options and restricted stock have been excluded from the calculation of diluted income/(loss) per share as the effect of including these stock options and restricted stock would have been anti-dilutive (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Stock options 600 2,184 600 2,184 Restricted stock 22 112 22 112 Total 622 2,296 622 2,296

Summary of Significant Accoun16

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 04, 2018
Accounting Policies [Abstract]
Basis of Accounting	We have prepared the accompanying unaudited consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial reporting. These unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from this Quarterly Report on Form 10-Q as is permitted by SEC rules and regulations. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal and recurring adjustments necessary to present fairly the financial condition, results of operations and cash flows for the interim periods presented. The results of operations for the three and six months ended August 4, 2018 and July 29, 2017 are not necessarily indicative of results to be expected for the full fiscal year. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018 ("fiscal 2017").
Fiscal Periods	Our fiscal year ends on the Saturday closest to January 31. References to fiscal 2018 refer to the fiscal year ending February 2, 2019. References to the fiscal quarters ended August 4, 2018 and July 29, 2017 refer to the three and six months ended as of those dates.
New Accounting Standard	Recently Adopted Accounting Standard On February 4, 2018, we adopted Financial Accounting Standards Board (the "FASB") Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers ("ASC 606"), using the modified retrospective transition method, which under ASC 606, means the standard applies retrospectively with the cumulative effect recognized in the opening retained earnings balance in fiscal 2018. Comparative information for the prior year fiscal quarter has not been adjusted and continues to be reported under the previous standard ASC 605. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to our customers at an amount we expect to be entitled to in exchange for those goods or services. The adoption of this standard requires us to recognize gift card breakage income in proportion to redemptions as they occur. The new guidance also requires enhanced disclosures, such as disaggregation of revenues and revenue recognition policies that require significant judgment and identification of performance obligations to customers. The adoption of ASC 606 resulted in a net cumulative effect adjustment that increased the opening balance of retained earnings by approximately $1.4 million , as well as the following impacts: • Breakage revenue is now recognized over time in proportion to actual customer redemptions. Breakage revenue was previously recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote. • Revenue for merchandise shipped to the customer from a distribution center or store is now recognized at the shipping point, whereas it was previously recognized upon customer receipt. The impact of the adoption of ASC 606 on the Consolidated Balance Sheet as of August 4, 2018 was as follows (in thousands): As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) Merchandise inventories $ 74,815 $ 75,625 $ (810 ) Other assets 3,391 3,927 (536 ) Accrued expenses 29,521 29,131 390 Deferred revenue 7,193 10,894 (3,701 ) Retained earnings 28,756 26,791 1,965 The impact of the adoption of ASC 606 on our Consolidated Statements of Operations for the three and six months ended August 4, 2018 was as follows (in thousands): Three Months Ended Six Months Ended As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) Net sales $ 157,406 $ 156,470 $ 936 $ 281,040 $ 279,512 $ 1,528 Cost of goods sold 107,301 106,920 381 195,957 195,337 620 Gross profit 50,105 49,550 555 85,083 84,175 908 Revenue Recognition Revenue is recognized for store sales when the customer receives and pays for the merchandise at the register, net of estimated returns. Taxes collected from our customers are recorded on a net basis. For e-commerce sales, we recognize revenue, net of sales taxes and estimated sales returns, and the related cost of goods sold at the time the merchandise is shipped to the customer. Amounts related to shipping and handling that are billed to customers are reflected in net sales, and the related costs are reflected in cost of goods sold in the accompanying Consolidated Statements of Operations. The following table summarizes net sales from our retail stores compared to e-commerce (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Retail stores $ 137,734 $ 121,957 $ 246,235 $ 226,652 E-commerce 19,672 16,853 34,805 33,105 Total net sales $ 157,406 $ 138,810 $ 281,040 $ 259,757 We accrue for estimated sales returns by customers based on historical sales return results. As of August 4, 2018 , February 3, 2018 and July 29, 2017, our reserve for sales returns was $3.3 million , $1.1 million and $2.2 million , respectively. We recognize revenue from gift cards as they are redeemed for merchandise. Prior to redemption, we maintain a current liability for unredeemed gift card balances. The customer liability balance was $5.7 million , $9.2 million and $7.1 million as of August 4, 2018 , February 3, 2018 and July 29, 2017, respectively, and is included in deferred revenue on the accompanying Consolidated Balance Sheets. Our gift cards do not have expiration dates and in most cases there is no legal obligation to remit unredeemed gift cards to relevant jurisdictions. Based on actual historical redemption patterns, we determined that a small percentage of gift cards are unlikely to be redeemed (which we refer to as gift card “breakage”). Based on our historical gift card breakage rate, we recognize breakage revenue over the redemption period in proportion to actual gift card redemptions. Revenue recognized from gift cards was $3.4 million and $7.2 million for the three months and six months ended August 4, 2018 , respectively, and $3.7 million and $7.9 million for the three and six months ended July 29, 2017, respectively. We have a customer loyalty program where customers accumulate points based on purchase activity. Once a loyalty member achieves a certain point level, the member earns awards that may be redeemed for merchandise. Unredeemed awards and accumulated partial points are accrued as deferred revenue and awards redeemed by the member for merchandise are recorded as an increase to net sales. We expire unredeemed awards after 45 days from date of issuance and accumulated partial points 365 days after the last purchase activity. A liability is estimated based on the standalone selling price of awards and partial points earned and estimated redemptions. The deferred revenue for this program was $1.5 million , $1.2 million and $0.9 million as of August 4, 2018 , February 3, 2018 and July 29, 2017, respectively. Revenue recognized from our loyalty program was $0.4 million and $0.7 million for the three and six months ended August 4, 2018 , respectively, and $0.3 million and $0.4 million for the three and six months ended and July 29, 2017, respectively. Income taxes The Securities and Exchange Commission has issued interpretive guidance under Staff Accounting Bulletin No. 118 ("SAB 118") that allows for a measurement period up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts. We have not made any provision adjustments during the first half ended August 4, 2018 . We are continuing to assess the final impact of the guidance which we expect to complete within the one-year time frame provided by SAB 118. New Accounting Standards Not Yet Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases. ASC 842, which will become effective for us in the first quarter of fiscal 2019, with early adoption permitted, must be adopted using the modified retrospective method. The new standard is expected to impact our consolidated financial statements as we conduct all of our retail sales and corporate operations in leased facilities. We are in the process of evaluating the impact of adopting the new standard on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which modifies or replaces existing models for impairment of trade and other receivables, debt securities, loans, beneficial interests held as assets, purchased-credit impaired financial assets and other instruments. The new standard requires entities to measure expected losses over the life of the asset and recognize an allowance for estimated credit losses upon recognition of the financial instrument. ASU 2016-13 will become effective for us in the first quarter of fiscal 2020, with early adoption permitted and must be adopted using the modified retrospective method. We are in the process of evaluating the impact of adopting the new standard on our consolidated financial statements and related disclosures.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Aug. 04, 2018
Accounting Policies [Abstract]
Schedule of Impact of Adoption of New Accounting Pronouncements	The impact of the adoption of ASC 606 on the Consolidated Balance Sheet as of August 4, 2018 was as follows (in thousands): As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) Merchandise inventories $ 74,815 $ 75,625 $ (810 ) Other assets 3,391 3,927 (536 ) Accrued expenses 29,521 29,131 390 Deferred revenue 7,193 10,894 (3,701 ) Retained earnings 28,756 26,791 1,965 The impact of the adoption of ASC 606 on our Consolidated Statements of Operations for the three and six months ended August 4, 2018 was as follows (in thousands): Three Months Ended Six Months Ended As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) As reported Balances without adoption of ASC 606 Effect of Adoption Increase (Decrease) Net sales $ 157,406 $ 156,470 $ 936 $ 281,040 $ 279,512 $ 1,528 Cost of goods sold 107,301 106,920 381 195,957 195,337 620 Gross profit 50,105 49,550 555 85,083 84,175 908
Disaggregation of Revenue	The following table summarizes net sales from our retail stores compared to e-commerce (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Retail stores $ 137,734 $ 121,957 $ 246,235 $ 226,652 E-commerce 19,672 16,853 34,805 33,105 Total net sales $ 157,406 $ 138,810 $ 281,040 $ 259,757

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Aug. 04, 2018
Investments, Debt and Equity Securities [Abstract]
Investments in Marketable Securities	The following table summarizes our investments in marketable securities at August 4, 2018 , February 3, 2018 and July 29, 2017 (in thousands): August 4, 2018 Cost or Amortized Cost Gross Unrealized Holding Gains Estimated Fair Value Commercial paper $ 54,389 $ 118 $ 54,507 Fixed income securities 24,081 — 24,081 $ 78,470 $ 118 $ 78,588 February 3, 2018 Cost or Gross Unrealized Holding Gains Estimated Commercial paper $ 59,566 $ 23 $ 59,589 Fixed income securities 23,119 42 23,161 $ 82,685 $ 65 $ 82,750 July 29, 2017 Cost or Gross Unrealized Estimated Commercial paper $ 44,713 $ 170 $ 44,883 Fixed income securities 21,181 — 21,181 $ 65,894 $ 170 $ 66,064
Gain (Loss) on Investments	The following table summarizes our gains on investments for commercial paper (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Gains on investments $ 240 $ 83 $ 435 $ 215

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 04, 2018
Fair Value Disclosures [Abstract]
Financial Assets Categorized Based on Priority of Inputs to Valuation Technique Instruments	We have categorized our financial assets based on the priority of the inputs to the valuation technique for the instruments as follows (in thousands): August 4, 2018 February 3, 2018 July 29, 2017 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents (1) : Money market securities $ 32,556 $ — $ — $ 46,441 $ — $ — $ 35,508 $ — $ — Marketable securities: Commercial paper $ — $ 54,507 $ — $ — $ 59,589 $ — $ — $ 44,883 $ — Fixed income securities — 24,081 — — 23,161 — — 21,181 — (1) Excluding cash.
Details of Impairment of Long-Lived Assets	Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, ($ in thousands) Carrying value of assets with impairment $641 $451 $786 $451 Number of stores tested for impairment 4 6 5 8 Number of stores with impairment 1 2 2 2

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Aug. 04, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity Under Stock Option Plan	The following table summarizes the stock option activity for the six months ended August 4, 2018 (aggregate intrinsic value in thousands): Stock Options Grant Date Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value (1) Outstanding at February 3, 2018 1,851,250 $ 9.50 Granted 301,625 $ 11.33 Exercised (149,875 ) $ 9.85 Forfeited (41,000 ) $ 8.94 Expired (13,500 ) $ 15.30 Outstanding at August 4, 2018 1,948,500 $ 9.73 7.1 $ 11,056 Vested and expected to vest at August 4, 2018 1,948,500 $ 9.73 7.1 $ 11,056 Exercisable at August 4, 2018 946,375 $ 11.14 5.5 $ 4,102 (1) Intrinsic value for stock options is defined as the difference between the market price of our Class A common stock on the last business day of the fiscal quarter and the weighted average exercise price of in-the-money stock options outstanding at the end of each fiscal period. The market value per share was $15.34 at August 4, 2018 .
Assumptions Used to Estimate Fair Value of Stock Options Granted	The fair values of stock options granted during the six months ended August 4, 2018 and three and six months ended July 29, 2017 were estimated on the grant date using the following assumptions. There were no stock options granted during the three months ended August 4, 2018. Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Weighted average grant-date fair value per option granted NA $4.60 $5.35 $4.02 Expected option term (1) NA 5.0 years 5.0 years 5.0 years Weighted average expected volatility factor (2) NA 50.5% 51.6% 51.4% Weighted average risk-free interest rate (3) NA 1.8% 2.6% 1.9% Expected annual dividend yield NA —% —% —% NA - Not applicable (1) We have limited historical information regarding expected option term. Accordingly, we determine the expected option term of the awards using the latest historical data available from comparable public companies and management’s expectation of exercise behavior. (2) Stock volatility for each grant is measured using the weighted average of historical daily price changes of our common stock over the most recent period equal to the expected option term of the awards. (3) The risk-free interest rate is determined using the rate on treasury securities with the same term as the expected life of the stock option as of the grant date.
Summary of Status of Non-Vested Restricted Stock	A summary of the status of non-vested restricted stock changes during the six months ended August 4, 2018 are presented below: Restricted Stock Weighted Average Grant-Date Fair Value Nonvested at February 3, 2018 109,532 $ 12.24 Granted 21,476 $ 14.90 Vested (67,732 ) $ 11.08 Forfeited (1,125 ) $ 16.07 Nonvested at August 4, 2018 62,151 $ 14.36
Schedule of Stock Based Compensation	The following table summarizes share-based compensation recorded in the Consolidated Statements of Operations (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Cost of goods sold $ 127 $ 159 $ 267 $ 300 Selling, general and administrative expenses 420 459 860 895 Share-based compensation $ 547 $ 618 $ 1,127 $ 1,195

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 04, 2018
Earnings Per Share [Abstract]
Components of Basic and Diluted Earnings Per Share	The components of basic and diluted income/(loss) per share are as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Net income/(loss) $ 9,689 $ (596 ) $ 10,911 $ (757 ) Weighted average basic shares outstanding 29,209 28,751 29,145 28,728 Dilutive effect of stock options and restricted stock 472 — 422 — Weighted average shares for diluted income per share 29,681 28,751 29,567 28,728 Basic income/(loss) per share of Class A and Class B common stock $ 0.33 $ (0.02 ) $ 0.37 $ (0.03 ) Diluted income/(loss) per share of Class A and Class B common stock $ 0.33 $ (0.02 ) $ 0.37 $ (0.03 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following stock options and restricted stock have been excluded from the calculation of diluted income/(loss) per share as the effect of including these stock options and restricted stock would have been anti-dilutive (in thousands): Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Stock options 600 2,184 600 2,184 Restricted stock 22 112 22 112 Total 622 2,296 622 2,296

Description of the Company an22

Description of the Company and Basis of Presentation (Details)	Aug. 04, 2018Statestore
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores	226
Number of pop-up stores	3
Number of states | State	31

Summary of Significant Accoun23

Summary of Significant Accounting Policies - Impact of Adoption of ASC 606 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017	Feb. 04, 2018	Feb. 03, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	$ 74,815	$ 75,033	$ 74,815	$ 75,033		$ 53,216
Other assets	3,391	6,843	3,391	6,843		3,736
Accrued expenses	29,521	29,097	29,521	29,097		22,731
Deferred revenue	7,193	9,277	7,193	9,277		10,879
Retained earnings	28,756	30,008	28,756	30,008		$ 16,398
Net sales	157,406	138,810	281,040	259,757
Cost of goods sold	107,301	97,881	195,957	185,923
Gross profit	50,105	40,929	85,083	73,834
Retail stores
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	137,734	121,957	246,235	226,652
E-commerce [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	19,672	$ 16,853	34,805	$ 33,105
Balances without adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	75,625		75,625
Other assets	3,927		3,927
Accrued expenses	29,131		29,131
Deferred revenue	10,894		10,894
Retained earnings	26,791		26,791
Net sales	156,470		279,512
Cost of goods sold	106,920		195,337
Gross profit	49,550		84,175
Effect of Adoption Increase (Decrease) | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Merchandise inventories	(810)		(810)
Other assets	(536)		(536)
Accrued expenses	390		390
Deferred revenue	(3,701)		(3,701)
Retained earnings	1,965		1,965		$ 1,400
Net sales	936		1,528
Cost of goods sold	381		620
Gross profit	$ 555		$ 908

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017	Feb. 03, 2018
Disaggregation of Revenue [Line Items]
Reserve for sales return			$ 3,300	$ 2,200	$ 1,100
Revenue	$ 157,406	$ 138,810	$ 281,040	259,757
Expiration period after issuance			45 days
Expiration period of partial points			365 days
Breakage revenue for gift cards
Disaggregation of Revenue [Line Items]
Customer liability	5,700	7,100	$ 5,700	7,100	9,200
Revenue	3,400	3,700	7,200	7,900
Customer loyalty program
Disaggregation of Revenue [Line Items]
Customer liability	1,500	900	1,500	900	$ 1,200
Revenue recognized from customer liability	$ 400	$ 300	$ 700	$ 400

Marketable Securities - Investm

Marketable Securities - Investments in Marketable Securities (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Financial Instruments And Marketable Securities [Line Items]
Marketable securities, Cost or Amortized Cost	$ 78,470	$ 82,685	$ 65,894
Marketable Securities, Gross Unrealized Holding Gains	118	65	170
Marketable securities, Estimated Fair Value	78,588	82,750	66,064
Commercial paper
Financial Instruments And Marketable Securities [Line Items]
Available-for-sale securities, Cost or Amortized Cost	54,389	59,566	44,713
Available-for-sale securities, Gross Unrealized Holding Gains	118	23	170
Available-for-sale securities, Estimated Fair Value	54,507	59,589	44,883
Fixed income securities
Financial Instruments And Marketable Securities [Line Items]
Held-to-maturity securities, Cost or Amortized Cost	24,081	23,119	21,181
Held-to-maturity securities, Gross Unrealized Holding Gains	0	42	0
Held-to-maturity securities, Estimated Fair Value	$ 24,081	$ 23,161	$ 21,181

Marketable Securities - Narrati

Marketable Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Investment [Line Items]
Gains on investments			$ 599	$ 266
Commercial paper
Investment [Line Items]
Gains on investments	$ 240	$ 83	$ 435	$ 215

Line of Credit (Details)

Line of Credit (Details)	Feb. 20, 2018$ / shares	Feb. 24, 2017$ / shares	Mar. 17, 2014USD ($)	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)	Feb. 03, 2018USD ($)	Sep. 02, 2016USD ($)
Line of Credit Facility [Line Items]
Letters of credit facility maximum borrowing capacity			$ 25,000,000
Line of credit maturity date			Jun. 26, 2020
Line of credit interest rate term						The interest rate charged on borrowings is selected at our discretion at the time of draw between the London Interbank Offered Rate, plus 0.75%, or at the Bank’s prime rate.
Covenant description						We are required to maintain certain financial and non-financial covenants in accordance with the line of credit. The financial covenants require certain levels of leverage and profitability, such as (i) income before income taxes not to be less than $1.0 million (calculated at the end of each fiscal quarter on a trailing 12-month basis), (ii) a maximum ratio of 4.00 to 1.00 as of each quarter end for “Funded Debt to EBITDAR”, defined as the sum of total debt, capital leases and annual rent expense multiplied by six divided by the sum of net income, interest expense, taxes, depreciation, amortization and annual rent expense on a trailing 12-month basis, and (iii) requires minimum eligible inventory, cash, cash equivalents and marketable securities totaling $50.0 million as of the end of each quarter. In addition, maximum investment in fixed assets in any fiscal year of $50.0 million.
Net loss after taxes (not to exceed)				$ 9,689,000	$ (596,000)	$ 10,911,000	$ (757,000)
Multiplier used for Funded Debt to EBITDAR						6
Debt covenant, minimum eligible inventory				50,000,000		$ 50,000,000
Letters of credit outstanding, amount									$ 750,000
Covenant compliance						we were in compliance with all of our covenants and had no outstanding borrowings under the revolving credit facility.
Outstanding borrowing				$ 0		$ 0
Maximum
Line of Credit Facility [Line Items]
Net loss after taxes (not to exceed)						$ (1,000,000)
Balance sheet leverage						4
Stand-by and/or commercial letters of credit
Line of Credit Facility [Line Items]
Letters of credit facility maximum borrowing capacity			$ 15,000,000
Outstanding borrowing								$ 0
LIBOR
Line of Credit Facility [Line Items]
Line of credit, percentage point added to reference rate			0.75%
Class A common stock
Line of Credit Facility [Line Items]
Common stock dividends declared | $ / shares		$ 0.70
Cash dividend (in dollars per share) | $ / shares	$ 1
Common Stock (Class B)
Line of Credit Facility [Line Items]
Common stock dividends declared | $ / shares	$ 1	$ 0.70

Commitments and Contingencies (

Commitments and Contingencies (Details) customer in Thousands	Aug. 04, 2018USD ($)customer	Oct. 01, 2017LegalMatter	Jan. 30, 2017LegalMatter	Sep. 01, 2015LegalMatter	Jun. 10, 2015USD ($)LegalMatter	Jun. 10, 2014LegalMatter	Feb. 03, 2018USD ($)	Jul. 29, 2017USD ($)
Commitment And Contingencies [Line Items]
Established loss provisions	$ 4,700,000
Litigation settlement, amount awarded to other party					$ 2,000,000
Litigation settlement term					three years
Lauren Minniti v. Tilly's, Inc.
Commitment And Contingencies [Line Items]
Established loss provisions								$ 6,200,000
Damages sought per violation							$ 500
Loss contingency accrual, period increase (decrease)	$ 1,500,000
Litigation settlement, discount coupons issued to customers, number of customers | customer	612
Litigation settlement, discount coupons issued to customers, one time discount, percent	50.00%
Litigation settlement, discount coupons issued to customers, one time discount, purchase transaction threshold	$ 1,000
June 10, 2015 Copyright Infringement Matter
Commitment And Contingencies [Line Items]
Plaintiff filed putative class action lawsuit | LegalMatter					1
Lauren Minniti, on behalf of herself and all others situated v. Tilly's, Inc.
Commitment And Contingencies [Line Items]
Plaintiff filed putative class action lawsuit | LegalMatter			1
Skylar Ward, on behalf of herself and all other similarly situated, v. Tilly's Inc.
Commitment And Contingencies [Line Items]
Plaintiff filed putative class action lawsuit | LegalMatter				1
Karina Whitten, on behalf of herself and all others similarly situated, v. Tilly's Inc.
Commitment And Contingencies [Line Items]
Plaintiff filed putative class action lawsuit | LegalMatter						1
Juan Carlos Gonzales
Commitment And Contingencies [Line Items]
Plaintiff filed putative class action lawsuit | LegalMatter		1

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets Based on Priority of Inputs to Valuation Technique Instruments (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Money market securities | Level 1 | Cash equivalents
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	$ 32,556	$ 46,441	$ 35,508
Money market securities | Level 2 | Cash equivalents
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	0	0	0
Money market securities | Level 3 | Cash equivalents
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents	0	0	0
Commercial paper | Level 1 | Marketable securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	0	0	0
Commercial paper | Level 2 | Marketable securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	54,507	59,589	44,883
Commercial paper | Level 3 | Marketable securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	0	0	0
Fixed income securities | Level 1 | Marketable securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	0	0	0
Fixed income securities | Level 2 | Marketable securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	24,081	23,161	21,181
Fixed income securities | Level 3 | Marketable securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Marketable securities	$ 0	$ 0	$ 0

Fair Value Measurements - Detai

Fair Value Measurements - Details of Impairment of Long-Lived Assets (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018USD ($)store	Jul. 29, 2017USD ($)store	Aug. 04, 2018USD ($)store	Jul. 29, 2017USD ($)store
Fair Value Disclosures [Abstract]
Carrying value of assets with impairment | $	$ 641	$ 451	$ 786	$ 451
Number of stores tested for impairment	4	6	5	8
Number of stores with impairment	1	2	2	2

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2018	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	25.00%
Vesting period	4 years
Expiration period	10 years
Total unrecognized stock-based compensation expense related to unvested stock options and restricted stock grants	$ 4.2
Weighted average recognition period	2 years 6 months 4 days
Independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	50.00%
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	25.00%
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (in shares)	1,496,740
2012 Plan | Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized (in shares)		4,413,900

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Activity Under Stock Option Plan (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Aug. 04, 2018USD ($)$ / sharesshares
Stock Options
Beginning balance (in shares) | shares	1,851,250
Granted (in shares) | shares	301,625
Exercised (in shares) | shares	(149,875)
Forfeited (in shares) | shares	(41,000)
Expired (in shares) | shares	(13,500)
Ending balance (in shares) | shares	1,948,500
Vested and expected to vest ending balance (in shares) | shares	1,948,500
Exercisable ending balance (in shares) | shares	946,375
Grant Date Weighted Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 9.50
Granted (in dollars per share) | $ / shares	11.33
Exercised (in dollars per share) | $ / shares	9.85
Forfeited (in dollars per share) | $ / shares	8.94
Expired (in dollars per share) | $ / shares	15.30
Ending balance (in dollars per share) | $ / shares	9.73
Vested and expected to vest ending balance (in dollars per share) | $ / shares	9.73
Exercisable ending balance (in dollars per share) | $ / shares	$ 11.14
Weighted Average Remaining Contractual Life (in Years)
Outstanding at end of period	7 years 1 month 18 days
Vested and expected to vest end of period	7 years 1 month 18 days
Exercisable ending balance	5 years 5 months 20 days
Aggregate Intrinsic Value
Outstanding at end of period | $	$ 11,056
Vested and expected to vest ending balance | $	11,056
Exercisable ending balance | $	$ 4,102
Class A common stock
Stock Options
Exercised (in shares) | shares	(150,000)
Aggregate Intrinsic Value
Market value per share (in dollars per share) | $ / shares	$ 15.34

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Used to Estimate Fair Value of Stock Options Granted (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]	$ 4.6	$ 5.35	$ 4.02
Expected option term	5 years	5 years	5 years
Weighted average expected volatility factor	50.50%	51.60%	51.40%
Weighted average risk-free interest rate	1.80%	2.60%	1.90%
Expected annual dividend yield	0.00%	0.00%	0.00%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Status of Non-Vested Restricted Stock (Details) - Nonvested	6 Months Ended
	Aug. 04, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	21,476
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 14.90
Restricted Stock
Beginning balance | shares	109,532
Vested | shares	(67,732)
Forfeited | shares	(1,125)
Ending balance | shares	62,151
Weighted Average Grant-Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 12.24
Vested (in dollars per share) | $ / shares	11.08
Forfeited (in dollars per share) | $ / shares	16.07
Ending balance (in dollars per share) | $ / shares	$ 14.36

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 547	$ 618	$ 1,127	$ 1,195
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	127	159	267	300
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 420	$ 459	$ 860	$ 895

Earnings Per Share - Components

Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income/(loss)	$ 9,689	$ (596)	$ 10,911	$ (757)
Weighted average basic shares outstanding (in shares)	29,209	28,751	29,145	28,728
Dilutive effect of stock options and restricted stock	472	0	422	0
Weighted average shares for diluted earnings per share (in shares)	29,681	28,751	29,567	28,728
Class A and Class B common stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Basic earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.33	$ (0.02)	$ 0.37	$ (0.03)
Diluted earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.33	$ (0.02)	$ 0.37	$ (0.03)

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and restricted stock excluded from the calculation of diluted earning per share	622	2,296	622	2,296
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and restricted stock excluded from the calculation of diluted earning per share	600	2,184	600	2,184
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and restricted stock excluded from the calculation of diluted earning per share	22	112	22	112