Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Jan. 29, 2017 | Mar. 22, 2017 | Jul. 29, 2016 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Jan. 29, 2017 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | PLAY | ||
Entity Registrant Name | Dave & Buster's Entertainment, Inc. | ||
Entity Central Index Key | 1,525,769 | ||
Current Fiscal Year End Date | --01-29 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 41,986,487 | ||
Entity Public Float | $ 1,732,438,400 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Current assets: | ||
Cash and cash equivalents | $ 20,083 | $ 25,495 |
Inventories | 21,860 | 19,529 |
Prepaid expenses | 15,828 | 12,954 |
Deferred income taxes | 30,257 | |
Income taxes receivable | 5,901 | 4,146 |
Other current assets | 11,932 | 17,699 |
Total current assets | 75,604 | 110,080 |
Property and equipment (net of $387,505 and $309,345 accumulated depreciation as of January 29, 2017 and January 31, 2016, respectively) | 606,865 | 523,891 |
Deferred tax assets | 2,446 | |
Tradenames | 79,000 | 79,000 |
Goodwill | 272,629 | 272,694 |
Other assets and deferred charges | 16,189 | 18,036 |
Total assets | 1,052,733 | 1,003,701 |
Current liabilities: | ||
Current installments of long-term debt | 7,500 | 7,500 |
Accounts payable | 55,278 | 42,836 |
Accrued liabilities | 112,327 | 103,614 |
Income taxes payable | 2,692 | 2,697 |
Total current liabilities | 177,797 | 156,647 |
Deferred income taxes | 14,497 | 35,347 |
Deferred occupancy costs | 147,592 | 125,259 |
Other liabilities | 16,767 | 10,194 |
Long-term debt, net | 256,628 | 329,916 |
Commitments and contingencies | ||
Stockholders' equity: | ||
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 42,469,570 shares at January 29, 2017 and 41,618,933 shares at January 31, 2016; outstanding: 42,204,587 shares at January 29, 2017 and 41,618,933 shares at January 31, 2016 | 425 | 416 |
Preferred stock, 50,000,000 authorized; none issued | ||
Paid-in capital | 310,230 | 280,828 |
Treasury stock, 264,983 and 0 shares as of January 29, 2017 and January 31, 2016, respectively | (14,817) | |
Accumulated other comprehensive loss | (723) | (970) |
Retained earnings | 144,337 | 66,064 |
Total stockholders' equity | 439,452 | 346,338 |
Total liabilities and stockholders' equity | $ 1,052,733 | $ 1,003,701 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Property and equipment, accumulated depreciation | $ 387,505 | $ 309,345 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 400,000,000 | 400,000,000 |
Common stock, shares issued | 42,469,570 | 41,618,933 |
Common stock, shares outstanding | 42,204,587 | 41,618,933 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Treasury stock, shares | 264,983 | 0 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Statement of Comprehensive Income [Abstract] | |||
Food and beverage revenues | $ 452,140 | $ 405,841 | $ 359,125 |
Amusement and other revenues | 553,018 | 461,141 | 387,626 |
Total revenues | 1,005,158 | 866,982 | 746,751 |
Cost of food and beverage | 114,946 | 104,757 | 92,122 |
Cost of amusement and other | 65,354 | 58,053 | 54,353 |
Total cost of products | 180,300 | 162,810 | 146,475 |
Operating payroll and benefits | 228,827 | 200,129 | 175,709 |
Other store operating expenses | 287,322 | 250,186 | 225,763 |
General and administrative expenses | 54,474 | 53,600 | 44,574 |
Depreciation and amortization expense | 88,305 | 78,660 | 70,868 |
Pre-opening costs | 15,414 | 11,561 | 9,501 |
Total operating costs | 854,642 | 756,946 | 672,890 |
Operating income | 150,516 | 110,036 | 73,861 |
Interest expense, net | 6,985 | 11,464 | 34,789 |
Loss on debt retirement | 6,822 | 27,578 | |
Income before provision for income taxes | 143,531 | 91,750 | 11,494 |
Provision for income taxes | 52,736 | 32,131 | 3,858 |
Net income | 90,795 | 59,619 | 7,636 |
Unrealized foreign currency translation gain (loss) | 247 | (324) | (479) |
Total comprehensive income | $ 91,042 | $ 59,295 | $ 7,157 |
Net Income per share: | |||
Basic | $ 2.16 | $ 1.46 | $ 0.22 |
Diluted | $ 2.10 | $ 1.39 | $ 0.21 |
Weighted average shares used in per share calculations: | |||
Basic | 41,951,770 | 40,968,455 | 35,314,884 |
Diluted | 43,288,592 | 42,783,905 | 37,126,048 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Paid-In Capital [Member] | Treasury Stock at Cost [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings (Accumulated Deficit) [Member] |
Beginning balance at Feb. 02, 2014 | $ 150,448 | $ 334 | $ 152,661 | $ (1,189) | $ (167) | $ (1,191) |
Beginning balance, shares at Feb. 02, 2014 | 33,452,684 | 248,412 | ||||
Net income | 7,636 | 7,636 | ||||
Unrealized foreign currency translation gain (loss) | (479) | (479) | ||||
Share-based compensation | 2,212 | 2,212 | ||||
Stock-based compensation, shares | 251 | |||||
Issuance of common stock | 100,659 | $ 68 | 100,591 | |||
Issuance of common stock, shares | 6,764,705 | |||||
Costs associated with the issuance of common stock | (1,779) | (1,779) | ||||
Ending balance at Feb. 01, 2015 | 258,697 | $ 402 | 253,685 | $ (1,189) | (646) | 6,445 |
Ending balance, shares at Feb. 01, 2015 | 40,217,640 | 248,412 | ||||
Net income | 59,619 | 59,619 | ||||
Unrealized foreign currency translation gain (loss) | (324) | (324) | ||||
Share-based compensation | 4,109 | 4,109 | ||||
Excess income tax benefit related to share-based compensation plans | 16,834 | 16,834 | ||||
Issuance of common stock | 6,300 | $ 14 | 6,286 | |||
Issuance of common stock, shares | 1,401,293 | |||||
Issuance of treasury stock | 1,103 | (86) | $ 1,189 | |||
Issuance of treasury stock, shares | (248,412) | |||||
Ending balance at Jan. 31, 2016 | 346,338 | $ 416 | 280,828 | (970) | 66,064 | |
Ending balance, shares at Jan. 31, 2016 | 41,618,933 | |||||
Net income | 90,795 | 90,795 | ||||
Unrealized foreign currency translation gain (loss) | 247 | 247 | ||||
Share-based compensation | 5,828 | 5,828 | ||||
Excess income tax benefit related to share-based compensation plans | 19,304 | 19,304 | ||||
Issuance of common stock | 4,360 | $ 9 | 4,351 | |||
Issuance of common stock, shares | 850,637 | |||||
Repurchase of common stock | (28,825) | $ (28,825) | ||||
Repurchase of common stock, shares | 566,756 | |||||
Issuance of treasury stock | 1,405 | (81) | $ 14,008 | (12,522) | ||
Issuance of treasury stock, shares | (301,773) | |||||
Ending balance at Jan. 29, 2017 | $ 439,452 | $ 425 | $ 310,230 | $ (14,817) | $ (723) | $ 144,337 |
Ending balance, shares at Jan. 29, 2017 | 42,469,570 | 264,983 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Cash flows from operating activities: | |||
Net income | $ 90,795 | $ 59,619 | $ 7,636 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization expense | 88,305 | 78,660 | 70,868 |
Payment of accreted interest at debt retirement | (50,193) | ||
Accretion of note discount | 8,341 | ||
Deferred taxes | 6,961 | 7,853 | (1,615) |
Excess income tax benefit related to share-based compensation plans | (19,304) | (16,834) | |
Loss on disposal of fixed assets | 1,533 | 1,411 | 1,771 |
Loss on debt retirement | 6,790 | 8,580 | |
Share-based compensation | 5,828 | 4,109 | 2,212 |
Other, net | 1,467 | 1,135 | 2,222 |
Changes in assets and liabilities: | |||
Inventories | (2,331) | (1,072) | (3,103) |
Prepaid expenses | (2,874) | (2,262) | (892) |
Income tax receivable | (1,755) | (1,725) | 25 |
Other current assets | 6,032 | (7,912) | (911) |
Other assets and deferred charges | 487 | (4,365) | 4 |
Accounts payable | 832 | 3,391 | 8,720 |
Accrued liabilities | 14,431 | 13,780 | 14,869 |
Income taxes payable | 19,299 | 17,961 | 497 |
Deferred occupancy costs | 20,156 | 25,407 | 16,919 |
Other liabilities | 1,467 | 1,037 | 765 |
Net cash provided by operating activities | 231,329 | 186,983 | 86,715 |
Cash flows from investing activities: | |||
Capital expenditures | (180,577) | (162,892) | (129,688) |
Proceeds from sale-leaseback transactions | 20,262 | ||
Proceeds from sales of property and equipment | 30 | 132 | 115 |
Collections on notes receivable | 800 | 1,220 | |
Net cash used in investing activities | (159,485) | (161,540) | (129,573) |
Cash flows from financing activities: | |||
Proceeds from debt | 97,000 | 468,000 | 528,675 |
Payments of debt | (170,500) | (559,750) | (544,375) |
Debt issuance costs | (3,311) | (8,212) | |
Proceeds from the issuance of common stock, net of underwriter fees | 100,659 | ||
Payment of costs associated with the issuance of common stock | (1,093) | ||
Repurchase of common stock | (28,825) | ||
Proceeds from the exercise of stock options | 4,360 | 6,300 | |
Proceeds from issuance of treasury stock | 1,405 | 1,103 | |
Excess income tax benefit related to share-based compensation plans | 19,304 | 16,834 | |
Net cash provided by (used in) financing activities | (77,256) | (70,824) | 75,654 |
Increase (decrease) in cash and cash equivalents | (5,412) | (45,381) | 32,796 |
Beginning cash and cash equivalents | 25,495 | 70,876 | 38,080 |
Ending cash and cash equivalents | 20,083 | 25,495 | 70,876 |
Supplemental disclosures of cash flow information: | |||
Increase (decrease) in fixed asset accounts payable | 11,610 | 4,444 | (9,811) |
Cash paid for income taxes, net | 28,213 | 8,009 | 4,937 |
Cash paid for interest, net | $ 6,603 | 10,718 | 28,510 |
Cash paid for interest and related debt fees, related to debt retirement | $ 32 | 18,998 | |
Cash paid for settlement of accreted interest on senior discount notes | $ 50,193 |
Description of the Business and
Description of the Business and Summary of Significant Accounting Policies | 12 Months Ended |
Jan. 29, 2017 | |
Accounting Policies [Abstract] | |
Description of the Business and Summary of Significant Accounting Policies | Note 1: Description of the Business and Summary of Significant Accounting Policies Description of the business Principles of consolidation Fiscal year Reclassifications Use of estimates Seasonality year-end back-to-school Cash and cash equivalents Concentration of credit risk day-to-day Inventories first-in, first-out Other current assets Property and equipment Estimated Depreciable Lives (In Years) Building and building improvements Shorter of 40 or expected Leasehold improvements Shorter of 20 or Furniture, fixtures and equipment 3-10 Games 5-20 Expenditures that substantially increase the useful lives of the property and equipment are capitalized, whereas costs incurred to maintain the appearance and functionality of such assets are charged to repair and maintenance expense. Interest costs and other site specific costs incurred during construction are capitalized and depreciated based on the estimated useful life of the underlying asset. Capitalized computer software and hardware are included in the cost of furniture, fixtures and equipment. Gains and losses related to store property and equipment disposals are recorded in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income. We review our property and equipment annually, on a store-by-store Goodwill and other indefinite-lived assets When evaluating goodwill and tradenames for impairment, the Company may first perform a qualitative assessment to determine whether it is more likely than not that its reporting unit or tradenames are impaired. If we do not perform a qualitative assessment to determine that it is more likely than not that the fair value of our reporting unit and tradenames exceeds their carrying amounts, we perform a quantitative assessment and calculate the estimated fair value of our reporting unit or tradenames. If the carrying amount of our reporting unit exceeds the estimated fair value, additional analysis is performed to determine the goodwill impairment amount based on a comparison of the carrying amount of our reporting unit goodwill and its implied fair value. If the carrying amount of our tradenames exceeds the estimated fair value, an impairment charge is recognized to reduce the carrying value to the estimated fair value. Our decision to perform a qualitative impairment assessment in a given year is influenced by a number of factors, including the significance of the excess of our reporting unit’s or tradename’s estimated fair value over carrying value at the last quantitative assessment date and the amount of time in between quantitative fair value assessments. For fiscal year 2016 and 2015, we determined that there was no impairment to our goodwill or tradenames. Fair value of financial instruments Our financial instruments consist of cash and cash equivalents, accounts and notes receivable, accounts payable, and our credit facility. The carrying amount of cash and cash equivalents, accounts and notes receivable and accounts payable approximates fair value because of their short maturities. We believe that the carrying amount of our credit facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions. Derivative one-month Debt issuance costs The following table details amounts relating to debt issuance costs: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended January 29, 2017 January 31, 2016 February 1, 2015 Balance at beginning of period $ 2,819 $ 6,186 $ 7,954 Write off of unamortized debt issuance cost—refinancing & early prepayment — (5,861 ) (7,906 ) Additional debt issuance costs — 3,311 8,212 Amortization (674 ) (817 ) (2,074 ) Balance at end of period $ 2,145 $ 2,819 $ 6,186 Notes receivable A 7.0% notes receivable, related to a sale-leaseback in 2001, with an outstanding principal balance of $1,220 was fully collected in fiscal 2015, prior to the scheduled repayment terms. The carrying value of the note was $727, net of discount. Interest expense, net for fiscal 2015 includes a $493 gain related to the collection of the notes receivable. Revenue recognition Proceeds from the sale of gift cards are deferred and recognized as revenue when the holder redeems the card or its likelihood of redemption, based on historical redemption patterns, becomes remote, and the Company determines that there is not a legal obligation to remit the unredeemed gift card balance to the relevant jurisdictions. The determination of the gift card breakage rate is based upon the company’s specific historical redemption patterns and the company recognizes gift card breakage by applying its estimate of the rate of gift card breakage over the period of estimated redemption. The liability for unredeemed gift cards is included in “Accrued liabilities” in the Consolidated Balance Sheets. Amusements costs of products Advertising costs Rent The fair values of acquired lease contracts having contractual rents higher than fair market rents are amortized on a straight-line basis over the remaining initial lease term. The current and non-current Additionally, certain of our operating leases contain clauses that provide for additional contingent rent based on a percentage of sales greater than certain specified target amounts. We recognize contingent rent expense provided the achievement of that target is considered probable. Self-insurance programs Pre-opening Pre-opening pre-opening pre-opening pre-opening Income taxes The calculation of tax liabilities involves significant judgment and evaluation of uncertainties in the interpretation of federal and state tax regulations. As a result, we have established accruals for taxes that may become payable in future years as a result of audits by tax authorities. Tax accruals are reviewed regularly pursuant to accounting guidance for uncertainty in income taxes. Tax accruals are adjusted as events occur that affect the potential liability for taxes such as the expiration of statutes of limitations, conclusion of tax audits, identification of additional exposure based on current calculations, identification of new issues, or the issuance of statutory or administrative guidance or rendering of a court decision affecting a particular issue. Accordingly, we may experience significant changes in tax accruals in the future, if or when such events occur. In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, Share-based compensation Share repurchase program 10b5-1 Related party transactions Comprehensive income non-owner Recent accounting pronouncements 2017-04, In August 2016, the FASB issued ASU 2016-15, In March 2016, the FASB issued ASU 2016-09, 2016-09 In February 2016, the FASB issued ASU 2016-02, right-of-use In July 2015, the FASB issued ASU 2015-11, In April 2015, the FASB issued ASU 2015-05, 350-40), In May 2014, the FASB issued guidance in ASU 2014-09, 2015-14 |
Inventories
Inventories | 12 Months Ended |
Jan. 29, 2017 | |
Inventory Disclosure [Abstract] | |
Inventories | Note 2: Inventories Inventories consist of the following for the fiscal years ended: January 29, January 31, Operating store—food and beverage $ 5,784 $ 4,975 Operating store—amusement 7,772 6,777 Corporate warehouse—amusement, supplies and other 8,304 7,777 $ 21,860 $ 19,529 Amusement inventory includes electronics, plush toys and small novelty and other items used as redemption prizes for certain midway games, as well as supplies needed for midway operations. |
Property and Equipment
Property and Equipment | 12 Months Ended |
Jan. 29, 2017 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | Note 3: Property and Equipment Property and equipment consist of the following for the fiscal years ended: January 29, January 31, Land $ 3,608 $ 7,288 Buildings and building improvements 16,215 14,339 Leasehold improvements 512,806 448,723 Furniture, fixtures and equipment 236,453 188,689 Games 171,714 139,406 Construction in progress 53,574 34,791 Total cost 994,370 833,236 Accumulated depreciation (387,505 ) (309,345 ) Property and equipment, net $ 606,865 $ 523,891 Property and equipment (excluding land) are depreciated using the straight-line method over the estimated useful life of the assets. Depreciation expense totaled $86,906 for fiscal 2016, $77,261 for fiscal 2015, and $69,466 for fiscal 2014. Interest costs capitalized during the construction of facilities were $462 for fiscal 2016, $559 for fiscal 2015, and $535 for fiscal 2014. During fiscal 2016, we purchased land in Tampa, Florida in the amount of $3,608, for a future store site, which is expected to open in early fiscal 2018. Additionally during fiscal 2016, we completed sale-leaseback transactions under which we sold the land and buildings of two of our stores to an unrelated party. Net proceeds from the sales were $20,262. In connection with the dispositions, we entered into two long-term leases. The leases are classified as operating leases and the gains of $126 realized on the sales have been deferred and will be amortized over the initial lease term of twenty years. |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 12 Months Ended |
Jan. 29, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | Note 4: Goodwill and Other Intangible Assets The following table presents our goodwill and intangible assets for the fiscal years ended: January 29, 2017 January 31, 2016 Useful Lives Gross Carrying Accumulated Gross Carrying Accumulated Not subject to amortization: Tradenames $ 79,000 $ — $ 79,000 $ — Goodwill 272,629 — 272,694 — Total not subject to amortization 351,629 — 351,694 — Subject to amortization: Trademarks 7 years 8,500 (8,104 ) 8,500 (6,893 ) Customer relationships 9 years 1,700 (1,259 ) 1,700 (1,071 ) Total subject to amortization 10,200 (9,363 ) 10,200 (7,964 ) Total goodwill and intangibles $ 361,829 $ (9,363 ) $ 361,894 $ (7,964 ) The carrying amount of goodwill is impacted by foreign currency translation adjustments. During fiscal 2016 goodwill was reduced by $65 as a result of the foreign currency translation adjustment while during fiscal 2015 it was increased by $102. Intangible assets subject to amortization are included in “Other assets and deferred charges”, net of accumulated amortization, on the Consolidated Balance Sheets. The remaining weighted-average amortization period for intangibles subject to amortization is 1.3 years. Amortization expense was $1,399, $1,399, and $1,402 for the fiscal 2016, 2015, and 2014, respectively. Estimated amortization expense relating to intangible assets subject to amortization is $588, $188, and $61 for each of the next three fiscal years at which time the intangible assets subject to amortization will be fully amortized. |
Accrued Liabilities
Accrued Liabilities | 12 Months Ended |
Jan. 29, 2017 | |
Text Block [Abstract] | |
Accrued Liabilities | Note 5: Accrued Liabilities Accrued liabilities consist of the following as of the fiscal years ended: January 29, January 31, Deferred amusement revenue $ 28,305 $ 22,623 Compensation and benefits 20,886 25,054 Amusement redemption liability 15,431 12,816 Rent 14,260 12,277 Deferred gift card revenue 6,957 6,705 Property taxes 4,650 3,556 Current portion of long term insurance reserves 4,460 3,591 Sales and use taxes 3,872 3,669 Customer deposits 3,003 2,734 Utilities 2,969 2,753 Inventory received but not invoiced 1,134 1,019 Other 6,400 6,817 Total accrued liabilities $ 112,327 $ 103,614 |
Debt
Debt | 12 Months Ended |
Jan. 29, 2017 | |
Debt Disclosure [Abstract] | |
Debt | Note 6: Debt Long-term debt consists of the following as of the fiscal years ended: January 29, January 31, Credit Facility—term $ 138,750 $ 146,250 Credit Facility—revolver 126,000 192,000 Total debt outstanding 264,750 338,250 Less: Current installments—term (7,500 ) (7,500 ) Debt issuance costs—term (622 ) (834 ) Long-term debt, net $ 256,628 $ 329,916 Credit Facility sub-facility sub-facility. As of January 29, 2017, we had letters of credit outstanding of $5,016 and $218,984 of borrowing available under our Credit Facility. We believe that the carrying amount of the Credit Facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions. The fair value of the Company’s Credit Facility was determined to be a Level Two instrument as defined by GAAP. The interest rates per annum applicable to loans, other than swingline loans, under the Credit Facility are currently set based on a defined LIBOR rate plus an applicable margin. Swingline loans bear interest at a base rate plus an applicable margin. The loans bear interest subject to a pricing grid based on a total leverage ratio, at LIBOR plus a spread ranging from 1.50% to 2.25% for the term loans and the revolving loans. The stated weighted average interest rate on the Credit Facility at January 29, 2017 was 2.28%. The weighted average effective interest rate incurred on our borrowings under the Credit Facility was 2.53%. The weighted average effective rate includes amortization of debt issuance costs, commitment and other fees. Our Credit Facility contains restrictive covenants that, among other things, places certain limitations on our ability to: incur additional indebtedness, make loans or advances to subsidiaries and other entities, pay dividends, acquire other businesses or sell assets. In addition, our Credit Facility requires us to maintain certain financial ratio covenants. As of January 29, 2017, we were in compliance with the restrictive covenants under the Credit Facility. The proceeds of the Credit Facility were used to refinance in full the balance of a prior credit facility and to pay related interest and expenses. As a result of the refinancing, we incurred a loss on extinguishment charge of $6,822 in the second quarter of fiscal 2015, consisting of the write-off Prior credit facilities and notes Future debt obligations January 29, 1 year or less $ 7,500 2 years 7,500 3 years 7,500 4 years 242,250 5 years — Thereafter — Total future payments $ 264,750 Interest expense, net January 29, January 31, February 1, Interest expense on credit facilities and notes $ 6,896 $ 11,482 $ 25,017 Interest accretion on note — — 8,341 Gain on early collection of note receivable — (493 ) — Amortization of issuance cost and discount 674 867 2,295 Interest income (271 ) (308 ) (329 ) Capitalized interest (462 ) (559 ) (535 ) Change in fair value of interest rate cap 148 475 — Total interest expense, net $ 6,985 $ 11,464 $ 34,789 |
Income Taxes
Income Taxes | 12 Months Ended |
Jan. 29, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 7: Income Taxes The following table sets forth our provision for income taxes for the fiscal years ended: January 29, January 31, February 1, Current provision: Federal $ 35,596 $ 18,342 $ 739 State and local 10,107 5,810 4,617 Foreign 72 126 117 Total current provision 45,775 24,278 5,473 Deferred provision (benefit): Federal 7,318 8,384 (730 ) State and local (287 ) (623 ) (978 ) Foreign (70 ) 92 93 Total deferred provision (benefit) 6,961 7,853 (1,615 ) Provision for income taxes $ 52,736 $ 32,131 $ 3,858 The following tables set forth the significant components of our deferred assets and liabilities as of the fiscal years ended: January 29, January 31, Deferred tax assets: Deferred revenue and redemption ticket liability $ 18,318 $ 14,938 Leasing transactions 13,735 10,578 Accrued liabilities 3,990 5,143 Workers compensation and general liability insurance 4,698 4,235 Tax credit carryovers — 4,490 Share-based compensation 5,284 3,538 Net operating loss carryovers 2,040 2,241 Indirect benefit of unrecognized tax benefits 563 536 Other 3,108 2,672 Total 51,736 48,371 Valuation allowance (821 ) (1,006 ) Total deferred tax assets, net of valuation allowance 50,915 47,365 Deferred tax liabilities: Trademark/tradename (31,545 ) (31,907 ) Property and equipment (30,956 ) (20,115 ) Other (465 ) (433 ) Total deferred tax liabilities (62,966 ) (52,455 ) Net deferred tax liabilities $ (12,051 ) $ (5,090 ) Reported as: Deferred tax assets, net—current — 30,257 Deferred tax assets, net—noncurrent 2,446 — Deferred tax liablities, net—noncurrent (14,497 ) (35,347 ) Net deferred tax liabilities $ (12,051 ) $ (5,090 ) At January 29, 2017, we had a valuation allowance of $821 against our deferred tax assets. The ultimate realization of our deferred tax assets is dependent on the generation of future taxable income in the jurisdiction and during periods in which temporary differences become deductible. In assessing the realizability of our deferred tax assets, we considered whether it is more likely than not that some or all of the deferred tax assets will not be realized. Based on the level of recent historical taxable income; consistent generation of annual taxable income, and estimations of future taxable income we have concluded that it is more likely than not that we will realize the federal tax benefits associated with our deferred tax assets. We assessed the realizability of the deferred tax assets associated with state taxes, foreign taxes and uncertain tax positions and have concluded that it is more likely than not that we will realize only a portion of these benefits. Accordingly, we have established a valuation allowance to reduce those deferred tax assets to an amount which we believe will ultimately be realized. As of January 29, 2017, we have $63,245 of state net operating loss carryforwards. Included in state net operating loss carryforwards is approximately $22,233 of state net operating loss carryforwards related to excess stock compensation. Generally, state net operating losses can be carried forward 20 years. State net operating loss carryforwards do not begin to expire until 2018. As of January 29, 2017, we could not conclude that it was more likely than not that all of our state net operating loss carryforwards, when considered on a state by state basis, will be fully utilized prior to their expiration. Included in our total valuation allowance is $646 related to state net operating losses that may not be realized. The following table sets forth the change in unrecognized tax benefits excluding interest, penalties and related income tax benefits for the fiscal years ended: January 29, 2017 January 31, 2016 February 1, 2015 Balance at beginning of year $ 1,263 $ 566 $ 476 Additions for tax positions of prior years 240 711 90 Reductions for tax positions of prior years (76 ) — — Lapse of statute of limitations (79 ) (14 ) — Balance at end of year $ 1,348 $ 1,263 $ 566 As of January 29, 2017 and January 31, 2016, the accrued interest and penalties on the unrecognized tax benefits were $355 and $399, respectively, excluding any related income tax benefits. The Company recorded accrued interest related to the unrecognized tax benefits and penalties as a component of the provision for income taxes recognized in the Consolidated Statements of Comprehensive Income. We currently anticipate that approximately $39 of unrecognized tax benefits will be settled through federal and state audits or will be recognized as a result of the expiration of statute of limitations during fiscal 2018. Future recognition of potential interest or penalties, if any, will be recorded as a component of income tax expense. Because of the impact of deferred tax accounting, $980 of unrecognized tax benefits, if recognized, would affect the effective tax rate. The following table sets forth the reconciliation of the federal statutory rate to the effective income tax rate for the fiscal years ended: January 29, 2017 January 31, 2016 February 1, 2015 Federal corporate statutory rate 35.0 % 35.0 % 35.0 % State and local income taxes, net of federal income tax benefit 4.4 % 2.8 % 20.7 % Foreign taxes — % (0.1 )% — % Nondeductible expenses 1.5 % 1.7 % 11.3 % Tax credits (4.1 )% (5.4 )% (31.4 )% Valuation allowance (0.1 )% 0.1 % (4.0 )% Change in reserve — % 0.8 % 1.2 % Other — % 0.1 % 0.9 % Effective tax rate 36.7 % 35.0 % 33.7 % We file consolidated income tax returns with all our domestic subsidiaries, which are periodically audited by various federal, state and foreign jurisdictions. We are generally no longer subject to federal, state, or foreign income tax examinations for years prior to 2012. |
Leases
Leases | 12 Months Ended |
Jan. 29, 2017 | |
Leases [Abstract] | |
Leases | Note 8: Leases We lease certain property and equipment under various non-cancelable 2017 2018 2019 2020 2021 Thereafter Total $88,072 $85,384 $81,292 $75,038 $68,959 $726,044 $1,124,789 At January 29, 2017, we also had lease commitments on equipment as follows: 2017 2018 2019 2020 2021 Thereafter Total $327 $179 $73 $12 $3 $— $594 As of January 29, 2017 we have signed operating lease agreements for eight future sites which are expected to open in fiscal 2017. The landlord has fulfilled the obligations to commit us to the lease terms under these agreements and therefore, the future obligations related to these locations are included in the table above. As of January 29, 2017 we have signed twenty additional lease agreements for future sites. Our commitments under these agreements are contingent, upon among other things, the landlord’s delivery of access to the premises for construction. Future obligations related to these agreements are not included in the table above. Subsequent to the year ended January 29, 2017, our future site located in Bayamon, Puerto Rico, included in the twenty lease agreements noted above, has been delivered by the landlord resulting in future commitments of approximately $28,000. |
Share-Based Compensation
Share-Based Compensation | 12 Months Ended |
Jan. 29, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share-Based Compensation | Note 9: Share-Based Compensation The Company may grant stock options, restricted stock or restricted stock units (“RSU’s”) to executive and management personnel as well as directors. The share-based awards granted in fiscal 2010 through fiscal 2013, consisting of both time-based and performance-based options, were issued pursuant to the terms of the 2010 Stock Incentive Plan. All time-based options become exercisable ratably over a five-year period from the grant date. Performance-based options contain various performance-based vesting provisions depending on the type of performance option granted. As a result of the IPO on October 9, 2014, all performance-based options issued under the 2010 Stock Incentive Plan were modified and became fully vested. All option awards granted prior to the IPO were adjusted to affect the 224.9835679 for 1 stock split on both number of outstanding options and the exercise price. The share-based awards granted in fiscal 2016, fiscal 2015 and fiscal 2014 were issued pursuant to the terms of the 2014 Stock Incentive Plan. The maximum number of shares of common stock issuable under the 2014 Stock Incentive Plan is 3,100,000 shares. Time-based options granted to employees generally become exercisable ratably over a three-year period from the grant date. Certain time-based options granted to executives at the IPO date vest 50% after a period of three years and 50% after a period of four years. Performance-based RSU’s awarded to employees fully vest after three years, subject to the achievement of performance conditions. Time-based RSU’s granted during fiscal 2016 have various service periods not exceeding five years. Options granted under both plans terminate on the ten-year Each share granted subject to a stock option award or time-based RSU award reduces the number of shares available under the Company’s stock incentive plans by one share. Each share granted subject to a performance RSU award reduces the number of shares available under the 2014 Stock Incentive Plan by a range of one share if the target performance is achieved, up to a maximum of two shares for performance above target and a minimum of no shares if performance is below a minimum threshold target. Compensation expense associated with share-based equity awards granted has been calculated as required by current accounting standards related to stock compensation. The valuation of our stock option awards has been determined using the Black-Scholes option valuation model. The Black-Scholes option valuation model uses assumptions of expected volatility, the expected dividend yield of our stock, the expected term of the awards and the risk-free interest rate, as well as our estimated fair value of our common stock. Since our stock had not been publicly traded prior to our IPO, the expected volatility was based on an average of the historical volatility of certain of our competitors’ stocks over the expected term of the share-based awards. The dividend yield assumption was based on our history. The expected term of share-based awards represented the weighted-average period the share-based award was expected to remain outstanding. The risk-free interest rate was based on the implied yield on U.S. Treasury zero-coupon Valuation of Privately-Held-Company Equity Securities Issued as Compensation, The significant assumptions used in determining the underlying fair value of the weighted-average options granted in fiscal 2016, 2015 and 2014 were as follows: 2014 Stock Incentive Plan Fiscal 2016 Fiscal 2015 Fiscal 2014 Service Service Service Volatility 34.0 % 37.0 % 51.3 % Risk free interest rate 1.29 % 1.56 % 1.96 % Expected dividend yield 0.00 % 0.00 % 0.00 % Expected term – in years 5.9 5.9 6.8 Weighted average calculated value $ 13.62 $ 12.01 $ 8.45 Compensation expense related to stock options with only service conditions (time-based) is recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award or to the date on which retirement eligibility is achieved, if shorter. As a result of the IPO and the related accelerated vesting of all performance-based options, and resulting re-evaluation Compensation expense for RSU’s and restricted shares is based on the market price of the shares underlying the awards on the grant date. Compensation expense for RSU’s based on performance reflects the estimated probability that performance conditions at target or above will be met, and time-based RSU’s and restricted shares are expensed ratably over the service period. We recorded compensation expense related to our RSU’s and restricted shares awards of $2,345 and $1,145 during the fiscal year ended January 29, 2017 and January 31, 2016, respectively. Transactions related to stock option awards during fiscal 2016 were as follows: 2014 Stock Incentive Plan 2010 Stock Incentive Plan Service based options Service based options Performance based options Number Weighted Number Weighted Number Weighted Outstanding at January 31, 2016 699,179 $ 21.72 451,401 $ 7.07 1,890,424 $ 4.57 Granted 279,915 39.14 — — — — Exercised (15,732 ) 31.71 (109,760 ) 5.44 (1,007,012 ) 4.64 Forfeited (129,863 ) 24.62 — — — — Outstanding at January 29, 2017 833,499 26.93 341,641 7.59 883,412 4.49 Exercisable at January 29, 2017 89,227 $ 31.79 229,174 $ 7.34 883,412 $ 4.49 The total intrinsic value of options exercised during fiscal 2016 and 2015 was $50,403 and $45,090, respectively. The unrecognized expense related to our stock option plan totaled approximately $2,503 as of January 29, 2017 and will be expensed over a weighted average 1.4 years. For options outstanding at January 29, 2017, the weighted average remaining contractual life was 5.8 years and the aggregate intrinsic value was $83,800. For options exercisable at January 29, 2017, the weighted average remaining contractual life was 4.3 years and the aggregate intrinsic value was $57,400. Transactions related to time-based and performance-based RSU’s and restricted stock during fiscal 2016 were as follows: Shares Weighted Outstanding at January 31, 2016 70,534 $ 31.75 Granted 85,275 40.71 Vested (11,174 ) 32.18 Forfeited (16,547 ) 35.47 Outstanding at January 29, 2017 128,088 $ 37.19 Fair value of our time-based and performance-based RSU’s and restricted stock is based on our closing stock price on the date of grant. The weighted average fair value for RSU’s and restricted stock issued during fiscal 2016 and fiscal 2015 was $40.71 and $31.75, respectively. The fair value of shares that vested during fiscal 2016 was $360 and there were no shares vested during fiscal 2015. The unrecognized expense related to our time-based and performance-based RSU’s and unvested restricted stock was $4,140 as of January 29, 2017 and will be expensed over a weighted average 2.2 years. The Company satisfies stock option exercise activity and share unit conversion through both the issuance of new shares and the use of existing treasury shares. |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Jan. 29, 2017 | |
Compensation and Retirement Disclosure [Abstract] | |
Employee Benefit Plans | Note 10: Employee Benefit Plans We sponsor a plan to provide retirement benefits under the provisions of Section 401(k) of the Internal Revenue Code (the “401(k) Plan”) for all employees who have completed a specified term of service. We provide for a guaranteed matching of 25% of employee contributions, up to a maximum of 6% of eligible employee compensation, as defined by the 401(k) Plan. The Company also has a discretionary contribution dependent upon attaining the performance target. Should the Company achieve the performance target, it would contribute an additional 25% of qualified employee contributions. Employees may elect to contribute up to 50% of their eligible compensation on a pretax basis. Benefits under the 401(k) Plan are limited to the assets of the 401(k) Plan. Expenses related to our contributions to the 401(k) Plan were $889, $764, and $648 for fiscal 2016, 2015, and 2014, respectively. The Company offers a deferred compensation plan that permits a select group of management or highly compensated employees to defer a portion of their compensation. Under this plan, eligible employees may elect to defer up to 50% of their base salary on a pre-tax |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Jan. 29, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 11: Commitments and Contingencies We are subject to certain legal proceedings and claims that arise in the ordinary course of our business, including claims alleging violations of federal and state law regarding workplace and employment matters, discrimination and similar matters. In the opinion of management, based upon consultation with legal counsel, the amount of ultimate liability with respect to such legal proceedings and claims will not materially affect the consolidated results of our operations or our financial condition. We are subject to the terms of a settlement agreement with the Federal Trade Commission that requires us, on an ongoing basis, to establish, implement, and maintain a comprehensive information security program that is reasonably designed to protect the security, confidentiality, and integrity of personal information collected from or about consumers. The agreement does not require us to pay any fines or other monetary assessments and we do not believe that the terms of the agreement will have a material adverse effect on our business, operations, or financial performance. |
Earnings per share
Earnings per share | 12 Months Ended |
Jan. 29, 2017 | |
Earnings Per Share [Abstract] | |
Earnings per share | Note 12: Earnings per share Basic earnings per share (“EPS”) represents net income divided by the weighted average number of common shares outstanding during the period. Diluted EPS represents net income divided by the basic weighted average number of common shares plus, if dilutive, potential common shares outstanding during the period. Potential common shares consist of incremental common shares issuable upon the exercise of outstanding stock options (both vested and unvested) and unvested RSU’s. Unvested performance RSU’s were not included in the calculation of dilutive common shares as they did not meet the criteria for inclusion per GAAP guidance. The effect of dilutive common shares is determined using the treasury-stock method. The following table sets forth the computation of EPS, basic and diluted for the fiscal years ended: (in thousands, except share and per share data) January 29, 2017 January 31, 2016 February 1, 2015 Numerator: Net income $ 90,795 $ 59,619 $ 7,636 Denominator: Basic weighted average common shares outstanding 41,951,770 40,968,455 35,314,884 Effect of dilutive common shares for equity-based awards 1,336,822 1,815,450 1,811,164 Diluted weighted average common shares outstanding 43,288,592 42,783,905 37,126,048 Net income per share: Basic $ 2.16 $ 1.46 $ 0.22 Diluted $ 2.10 $ 1.39 $ 0.21 |
Quarterly Financial Information
Quarterly Financial Information (unaudited) | 12 Months Ended |
Jan. 29, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Information (unaudited) | Note 13: Quarterly Financial Information (unaudited) Fiscal 2016 Quarters Ended 5/1/2016 7/31/2016 10/30/2016 1/29/2017 Total revenues $ 261,987 $ 244,330 $ 228,659 $ 270,182 Income before provision for income taxes 49,064 34,114 17,095 43,258 Net income 31,161 21,512 10,755 27,367 Net income per share of common stock: Basic $ 0.75 $ 0.51 $ 0.26 $ 0.65 Diluted $ 0.72 $ 0.50 $ 0.25 $ 0.63 Weighted average number of shares outstanding: Basic 41,659,879 41,870,680 42,061,235 42,215,285 Diluted 43,112,141 43,283,834 43,327,812 43,369,754 Stores open at end of period 84 86 88 92 Fiscal 2015 Quarters Ended 5/3/2015 8/2/2015 11/1/2015 1/31/2016 Total revenues $ 222,675 $ 217,339 $ 192,753 $ 234,215 Income before provision for income taxes 31,098 17,722 7,275 35,655 Net income 19,542 12,573 4,554 22,950 Net income per share of common stock: Basic $ 0.49 $ 0.31 $ 0.11 $ 0.55 Diluted $ 0.46 $ 0.29 $ 0.11 $ 0.53 Weighted average number of shares outstanding: Basic 40,235,141 40,850,649 41,241,274 41,548,060 Diluted 42,377,014 42,706,155 42,938,502 43,097,656 Stores open at end of period 74 76 77 81 Income before provision for income taxes for fiscal 2015 included a $6,822 loss on debt retirement due to the refinancing of debt during the second quarter. |
Description of the Business a20
Description of the Business and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Jan. 29, 2017 | |
Accounting Policies [Abstract] | |
Description of the business | Description of the business |
Principles of consolidation | Principles of consolidation |
Fiscal year | Fiscal year |
Reclassifications | Reclassifications |
Use of estimates | Use of estimates |
Seasonality | Seasonality year-end back-to-school |
Cash and cash equivalents | Cash and cash equivalents |
Concentration of credit risk | Concentration of credit risk day-to-day |
Inventories | Inventories first-in, first-out |
Other current assets | Other current assets |
Property and equipment | Property and equipment Estimated Depreciable Lives (In Years) Building and building improvements Shorter of 40 or expected Leasehold improvements Shorter of 20 or Furniture, fixtures and equipment 3-10 Games 5-20 Expenditures that substantially increase the useful lives of the property and equipment are capitalized, whereas costs incurred to maintain the appearance and functionality of such assets are charged to repair and maintenance expense. Interest costs and other site specific costs incurred during construction are capitalized and depreciated based on the estimated useful life of the underlying asset. Capitalized computer software and hardware are included in the cost of furniture, fixtures and equipment. Gains and losses related to store property and equipment disposals are recorded in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income. We review our property and equipment annually, on a store-by-store |
Goodwill and other indefinite-lived assets | Goodwill and other indefinite-lived assets When evaluating goodwill and tradenames for impairment, the Company may first perform a qualitative assessment to determine whether it is more likely than not that its reporting unit or tradenames are impaired. If we do not perform a qualitative assessment to determine that it is more likely than not that the fair value of our reporting unit and tradenames exceeds their carrying amounts, we perform a quantitative assessment and calculate the estimated fair value of our reporting unit or tradenames. If the carrying amount of our reporting unit exceeds the estimated fair value, additional analysis is performed to determine the goodwill impairment amount based on a comparison of the carrying amount of our reporting unit goodwill and its implied fair value. If the carrying amount of our tradenames exceeds the estimated fair value, an impairment charge is recognized to reduce the carrying value to the estimated fair value. Our decision to perform a qualitative impairment assessment in a given year is influenced by a number of factors, including the significance of the excess of our reporting unit’s or tradename’s estimated fair value over carrying value at the last quantitative assessment date and the amount of time in between quantitative fair value assessments. For fiscal year 2016 and 2015, we determined that there was no impairment to our goodwill or tradenames. |
Fair value of financial instruments | Fair value of financial instruments Our financial instruments consist of cash and cash equivalents, accounts and notes receivable, accounts payable, and our credit facility. The carrying amount of cash and cash equivalents, accounts and notes receivable and accounts payable approximates fair value because of their short maturities. We believe that the carrying amount of our credit facility approximates its fair value because the interest rates are adjusted regularly based on current market conditions. |
Derivative | Derivative one-month |
Debt issuance costs | Debt issuance costs The following table details amounts relating to debt issuance costs: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended January 29, 2017 January 31, 2016 February 1, 2015 Balance at beginning of period $ 2,819 $ 6,186 $ 7,954 Write off of unamortized debt issuance cost—refinancing & early prepayment — (5,861 ) (7,906 ) Additional debt issuance costs — 3,311 8,212 Amortization (674 ) (817 ) (2,074 ) Balance at end of period $ 2,145 $ 2,819 $ 6,186 |
Notes receivable | Notes receivable A 7.0% notes receivable, related to a sale-leaseback in 2001, with an outstanding principal balance of $1,220 was fully collected in fiscal 2015, prior to the scheduled repayment terms. The carrying value of the note was $727, net of discount. Interest expense, net for fiscal 2015 includes a $493 gain related to the collection of the notes receivable. |
Revenue recognition | Revenue recognition Proceeds from the sale of gift cards are deferred and recognized as revenue when the holder redeems the card or its likelihood of redemption, based on historical redemption patterns, becomes remote, and the Company determines that there is not a legal obligation to remit the unredeemed gift card balance to the relevant jurisdictions. The determination of the gift card breakage rate is based upon the company’s specific historical redemption patterns and the company recognizes gift card breakage by applying its estimate of the rate of gift card breakage over the period of estimated redemption. The liability for unredeemed gift cards is included in “Accrued liabilities” in the Consolidated Balance Sheets. |
Amusements costs of products | Amusements costs of products |
Advertising costs | Advertising costs |
Rent | Rent The fair values of acquired lease contracts having contractual rents higher than fair market rents are amortized on a straight-line basis over the remaining initial lease term. The current and non-current Additionally, certain of our operating leases contain clauses that provide for additional contingent rent based on a percentage of sales greater than certain specified target amounts. We recognize contingent rent expense provided the achievement of that target is considered probable. |
Self-insurance programs | Self-insurance programs |
Pre-opening costs | Pre-opening Pre-opening pre-opening pre-opening pre-opening |
Income taxes | Income taxes The calculation of tax liabilities involves significant judgment and evaluation of uncertainties in the interpretation of federal and state tax regulations. As a result, we have established accruals for taxes that may become payable in future years as a result of audits by tax authorities. Tax accruals are reviewed regularly pursuant to accounting guidance for uncertainty in income taxes. Tax accruals are adjusted as events occur that affect the potential liability for taxes such as the expiration of statutes of limitations, conclusion of tax audits, identification of additional exposure based on current calculations, identification of new issues, or the issuance of statutory or administrative guidance or rendering of a court decision affecting a particular issue. Accordingly, we may experience significant changes in tax accruals in the future, if or when such events occur. In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, |
Share-based compensation | Share-based compensation |
Share repurchase program | Share repurchase program 10b5-1 |
Related party transactions | Related party transactions |
Comprehensive income | Comprehensive income non-owner |
Recent accounting pronouncements | Recent accounting pronouncements 2017-04, In August 2016, the FASB issued ASU 2016-15, In March 2016, the FASB issued ASU 2016-09, 2016-09 In February 2016, the FASB issued ASU 2016-02, right-of-use In July 2015, the FASB issued ASU 2015-11, In April 2015, the FASB issued ASU 2015-05, 350-40), In May 2014, the FASB issued guidance in ASU 2014-09, 2015-14 |
Description of the Business a21
Description of the Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Accounting Policies [Abstract] | |
Estimated Useful Lives of Assets | Depreciation is charged to operations using the straight-line method over the assets’ estimated useful lives, which are as follows: Estimated Depreciable Lives (In Years) Building and building improvements Shorter of 40 or expected Leasehold improvements Shorter of 20 or Furniture, fixtures and equipment 3-10 Games 5-20 |
Debt Issuance Costs | The following table details amounts relating to debt issuance costs: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended January 29, 2017 January 31, 2016 February 1, 2015 Balance at beginning of period $ 2,819 $ 6,186 $ 7,954 Write off of unamortized debt issuance cost—refinancing & early prepayment — (5,861 ) (7,906 ) Additional debt issuance costs — 3,311 8,212 Amortization (674 ) (817 ) (2,074 ) Balance at end of period $ 2,145 $ 2,819 $ 6,186 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Inventory Disclosure [Abstract] | |
Inventories | Inventories consist of the following for the fiscal years ended: January 29, January 31, Operating store—food and beverage $ 5,784 $ 4,975 Operating store—amusement 7,772 6,777 Corporate warehouse—amusement, supplies and other 8,304 7,777 $ 21,860 $ 19,529 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | Property and equipment consist of the following for the fiscal years ended: January 29, January 31, Land $ 3,608 $ 7,288 Buildings and building improvements 16,215 14,339 Leasehold improvements 512,806 448,723 Furniture, fixtures and equipment 236,453 188,689 Games 171,714 139,406 Construction in progress 53,574 34,791 Total cost 994,370 833,236 Accumulated depreciation (387,505 ) (309,345 ) Property and equipment, net $ 606,865 $ 523,891 |
Goodwill and Other Intangible24
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | The following table presents our goodwill and intangible assets for the fiscal years ended: January 29, 2017 January 31, 2016 Useful Lives Gross Carrying Accumulated Gross Carrying Accumulated Not subject to amortization: Tradenames $ 79,000 $ — $ 79,000 $ — Goodwill 272,629 — 272,694 — Total not subject to amortization 351,629 — 351,694 — Subject to amortization: Trademarks 7 years 8,500 (8,104 ) 8,500 (6,893 ) Customer relationships 9 years 1,700 (1,259 ) 1,700 (1,071 ) Total subject to amortization 10,200 (9,363 ) 10,200 (7,964 ) Total goodwill and intangibles $ 361,829 $ (9,363 ) $ 361,894 $ (7,964 ) |
Accrued Liabilities (Tables)
Accrued Liabilities (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Text Block [Abstract] | |
Accrued Liabilities | Accrued liabilities consist of the following as of the fiscal years ended: January 29, January 31, Deferred amusement revenue $ 28,305 $ 22,623 Compensation and benefits 20,886 25,054 Amusement redemption liability 15,431 12,816 Rent 14,260 12,277 Deferred gift card revenue 6,957 6,705 Property taxes 4,650 3,556 Current portion of long term insurance reserves 4,460 3,591 Sales and use taxes 3,872 3,669 Customer deposits 3,003 2,734 Utilities 2,969 2,753 Inventory received but not invoiced 1,134 1,019 Other 6,400 6,817 Total accrued liabilities $ 112,327 $ 103,614 |
Debt (Tables)
Debt (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | Long-term debt consists of the following as of the fiscal years ended: January 29, January 31, Credit Facility—term $ 138,750 $ 146,250 Credit Facility—revolver 126,000 192,000 Total debt outstanding 264,750 338,250 Less: Current installments—term (7,500 ) (7,500 ) Debt issuance costs—term (622 ) (834 ) Long-term debt, net $ 256,628 $ 329,916 |
Future Debt Payment Obligation | Future debt obligations January 29, 1 year or less $ 7,500 2 years 7,500 3 years 7,500 4 years 242,250 5 years — Thereafter — Total future payments $ 264,750 |
Recorded Interest Expense, Net | The following tables set forth our recorded interest expense, net for the fiscal years ended: January 29, January 31, February 1, Interest expense on credit facilities and notes $ 6,896 $ 11,482 $ 25,017 Interest accretion on note — — 8,341 Gain on early collection of note receivable — (493 ) — Amortization of issuance cost and discount 674 867 2,295 Interest income (271 ) (308 ) (329 ) Capitalized interest (462 ) (559 ) (535 ) Change in fair value of interest rate cap 148 475 — Total interest expense, net $ 6,985 $ 11,464 $ 34,789 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Income Tax Disclosure [Abstract] | |
Provision (Benefit) for Income Taxes | The following table sets forth our provision for income taxes for the fiscal years ended: January 29, January 31, February 1, Current provision: Federal $ 35,596 $ 18,342 $ 739 State and local 10,107 5,810 4,617 Foreign 72 126 117 Total current provision 45,775 24,278 5,473 Deferred provision (benefit): Federal 7,318 8,384 (730 ) State and local (287 ) (623 ) (978 ) Foreign (70 ) 92 93 Total deferred provision (benefit) 6,961 7,853 (1,615 ) Provision for income taxes $ 52,736 $ 32,131 $ 3,858 |
Components of Deferred Assets and Liabilities | The following tables set forth the significant components of our deferred assets and liabilities as of the fiscal years ended: January 29, January 31, Deferred tax assets: Deferred revenue and redemption ticket liability $ 18,318 $ 14,938 Leasing transactions 13,735 10,578 Accrued liabilities 3,990 5,143 Workers compensation and general liability insurance 4,698 4,235 Tax credit carryovers — 4,490 Share-based compensation 5,284 3,538 Net operating loss carryovers 2,040 2,241 Indirect benefit of unrecognized tax benefits 563 536 Other 3,108 2,672 Total 51,736 48,371 Valuation allowance (821 ) (1,006 ) Total deferred tax assets, net of valuation allowance 50,915 47,365 Deferred tax liabilities: Trademark/tradename (31,545 ) (31,907 ) Property and equipment (30,956 ) (20,115 ) Other (465 ) (433 ) Total deferred tax liabilities (62,966 ) (52,455 ) Net deferred tax liabilities $ (12,051 ) $ (5,090 ) Reported as: Deferred tax assets, net—current — 30,257 Deferred tax assets, net—noncurrent 2,446 — Deferred tax liablities, net—noncurrent (14,497 ) (35,347 ) Net deferred tax liabilities $ (12,051 ) $ (5,090 ) |
Change in Unrecognized Tax Benefits | The following table sets forth the change in unrecognized tax benefits excluding interest, penalties and related income tax benefits for the fiscal years ended: January 29, 2017 January 31, 2016 February 1, 2015 Balance at beginning of year $ 1,263 $ 566 $ 476 Additions for tax positions of prior years 240 711 90 Reductions for tax positions of prior years (76 ) — — Lapse of statute of limitations (79 ) (14 ) — Balance at end of year $ 1,348 $ 1,263 $ 566 |
Reconciliation of Federal Statutory Rate to Effective Income Tax Rate | The following table sets forth the reconciliation of the federal statutory rate to the effective income tax rate for the fiscal years ended: January 29, 2017 January 31, 2016 February 1, 2015 Federal corporate statutory rate 35.0 % 35.0 % 35.0 % State and local income taxes, net of federal income tax benefit 4.4 % 2.8 % 20.7 % Foreign taxes — % (0.1 )% — % Nondeductible expenses 1.5 % 1.7 % 11.3 % Tax credits (4.1 )% (5.4 )% (31.4 )% Valuation allowance (0.1 )% 0.1 % (4.0 )% Change in reserve — % 0.8 % 1.2 % Other — % 0.1 % 0.9 % Effective tax rate 36.7 % 35.0 % 33.7 % |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Future Minimum Lease Payments | At January 29, 2017 future minimum lease payments, including any periods covered by renewal options we are reasonably assured of exercising are: 2017 2018 2019 2020 2021 Thereafter Total $88,072 $85,384 $81,292 $75,038 $68,959 $726,044 $1,124,789 |
Equipment [Member] | |
Future Minimum Lease Payments | At January 29, 2017, we also had lease commitments on equipment as follows: 2017 2018 2019 2020 2021 Thereafter Total $327 $179 $73 $12 $3 $— $594 |
Share-Based Compensation (Table
Share-Based Compensation (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Significant Assumptions Used in Determining Underlying Fair Value of Weighted-Average Options Granted | The significant assumptions used in determining the underlying fair value of the weighted-average options granted in fiscal 2016, 2015 and 2014 were as follows: 2014 Stock Incentive Plan Fiscal 2016 Fiscal 2015 Fiscal 2014 Service Service Service Volatility 34.0 % 37.0 % 51.3 % Risk free interest rate 1.29 % 1.56 % 1.96 % Expected dividend yield 0.00 % 0.00 % 0.00 % Expected term – in years 5.9 5.9 6.8 Weighted average calculated value $ 13.62 $ 12.01 $ 8.45 |
Transactions Related to Stock Options Awards | Transactions related to stock option awards during fiscal 2016 were as follows: 2014 Stock Incentive Plan 2010 Stock Incentive Plan Service based options Service based options Performance based options Number Weighted Number Weighted Number Weighted Outstanding at January 31, 2016 699,179 $ 21.72 451,401 $ 7.07 1,890,424 $ 4.57 Granted 279,915 39.14 — — — — Exercised (15,732 ) 31.71 (109,760 ) 5.44 (1,007,012 ) 4.64 Forfeited (129,863 ) 24.62 — — — — Outstanding at January 29, 2017 833,499 26.93 341,641 7.59 883,412 4.49 Exercisable at January 29, 2017 89,227 $ 31.79 229,174 $ 7.34 883,412 $ 4.49 |
Transactions Related to Time-based and Performance-based RSU's and Restricted Stock | Transactions related to time-based and performance-based RSU’s and restricted stock during fiscal 2016 were as follows: Shares Weighted Outstanding at January 31, 2016 70,534 $ 31.75 Granted 85,275 40.71 Vested (11,174 ) 32.18 Forfeited (16,547 ) 35.47 Outstanding at January 29, 2017 128,088 $ 37.19 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Earnings Per Share [Abstract] | |
Summary of Calculation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of EPS, basic and diluted for the fiscal years ended: (in thousands, except share and per share data) January 29, 2017 January 31, 2016 February 1, 2015 Numerator: Net income $ 90,795 $ 59,619 $ 7,636 Denominator: Basic weighted average common shares outstanding 41,951,770 40,968,455 35,314,884 Effect of dilutive common shares for equity-based awards 1,336,822 1,815,450 1,811,164 Diluted weighted average common shares outstanding 43,288,592 42,783,905 37,126,048 Net income per share: Basic $ 2.16 $ 1.46 $ 0.22 Diluted $ 2.10 $ 1.39 $ 0.21 |
Quarterly Financial Informati31
Quarterly Financial Information (unaudited) (Tables) | 12 Months Ended |
Jan. 29, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Information | Fiscal 2016 Quarters Ended 5/1/2016 7/31/2016 10/30/2016 1/29/2017 Total revenues $ 261,987 $ 244,330 $ 228,659 $ 270,182 Income before provision for income taxes 49,064 34,114 17,095 43,258 Net income 31,161 21,512 10,755 27,367 Net income per share of common stock: Basic $ 0.75 $ 0.51 $ 0.26 $ 0.65 Diluted $ 0.72 $ 0.50 $ 0.25 $ 0.63 Weighted average number of shares outstanding: Basic 41,659,879 41,870,680 42,061,235 42,215,285 Diluted 43,112,141 43,283,834 43,327,812 43,369,754 Stores open at end of period 84 86 88 92 Fiscal 2015 Quarters Ended 5/3/2015 8/2/2015 11/1/2015 1/31/2016 Total revenues $ 222,675 $ 217,339 $ 192,753 $ 234,215 Income before provision for income taxes 31,098 17,722 7,275 35,655 Net income 19,542 12,573 4,554 22,950 Net income per share of common stock: Basic $ 0.49 $ 0.31 $ 0.11 $ 0.55 Diluted $ 0.46 $ 0.29 $ 0.11 $ 0.53 Weighted average number of shares outstanding: Basic 40,235,141 40,850,649 41,241,274 41,548,060 Diluted 42,377,014 42,706,155 42,938,502 43,097,656 Stores open at end of period 74 76 77 81 |
Description of the Business a32
Description of the Business and Summary of Significant Accounting Policies - Additional Information (Detail) | 1 Months Ended | 3 Months Ended | 8 Months Ended | 12 Months Ended | |||||||||||
Oct. 31, 2015USD ($) | Jan. 29, 2017USD ($)StoresStatesProvince$ / sharesshares | Jan. 29, 2017USD ($)StoresStatesProvince$ / sharesshares | Jan. 29, 2017USD ($)StoresStatesProvinceSegment | Jan. 31, 2016USD ($)Store | Feb. 01, 2015USD ($) | Feb. 02, 2001 | Apr. 30, 2017Stores | Oct. 30, 2016Store | Jul. 31, 2016Store | Jun. 07, 2016USD ($) | May 01, 2016Store | Nov. 01, 2015Store | Aug. 02, 2015Store | May 03, 2015Store | |
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Number of stores | 92 | 92 | 92 | 81 | 88 | 86 | 84 | 77 | 76 | 74 | |||||
Number of states store operates | States | 33 | 33 | 33 | ||||||||||||
Number of operating segment | Segment | 1 | ||||||||||||||
Number of reportable segment | Segment | 1 | ||||||||||||||
Book overdrafts reclassified to accounts payable | $ 10,065,000 | $ 10,065,000 | $ 10,065,000 | $ 14,180,000 | |||||||||||
Construction allowance receivables | 7,021,000 | 7,021,000 | 7,021,000 | 13,097,000 | |||||||||||
Long lived asset impairment loss | 0 | 0 | $ 0 | ||||||||||||
Impairment of goodwill and tradenames | $ 0 | 0 | |||||||||||||
Purchase of interest rate cap | $ 920,000 | ||||||||||||||
Notional amount under interest rate agreement | $ 200,000,000 | ||||||||||||||
Interest rate cap Libor rate description | In October 2015, the Company purchased an interest rate cap agreement for $920 with a notional amount of $200,000 to manage our exposure to interest rate movements on our variable rate credit facility when one-month LIBOR exceeds 3.0%. The effective date of the interest rate cap agreement is October 7, 2015, and the agreement matures on October 7, 2019. The derivative is not designated as a hedge and does not qualify for hedge accounting. Accordingly, changes in the fair value of the interest rate cap are recognized as interest expense. The Company’s investment in the interest rate cap, with a fair value of $297at January 29, 2017, is included in “Other assets and deferred charges” in the Consolidated Balance Sheets and was valued using an analysis based on market observable inputs, representing Level Two assets as defined by GAAP. The fair value of the Company’s interest rate cap represents the amount the Company would receive to terminate the contract. For the fiscal year ended January 29, 2017, interest expense includes $148related to the change in the fair value of the interest rate cap since purchase. | ||||||||||||||
Cap interest rate | 3.00% | ||||||||||||||
Effective date of interest rate cap agreement | Oct. 7, 2015 | ||||||||||||||
Maturity date of interest rate cap agreement | Oct. 7, 2019 | ||||||||||||||
Fair value of interest rate cap | 297,000 | 297,000 | $ 297,000 | ||||||||||||
Change in fair value of interest rate cap | 148,000 | 475,000 | |||||||||||||
Notes receivable for construction allowance | 2,652,000 | 2,652,000 | 2,652,000 | 3,704,000 | |||||||||||
Notes receivable for construction allowance current portion | 1,178,000 | 1,178,000 | 1,178,000 | 926,000 | |||||||||||
Interest rate on notes | 7.00% | ||||||||||||||
Receipts on notes receivable | 800,000 | 1,220,000 | |||||||||||||
Carrying value of the note | $ 727,000 | $ 727,000 | 727,000 | ||||||||||||
Gain on early payoff on a note receivable | 493,000 | ||||||||||||||
Advertising costs expensed | 33,795,000 | 29,970,000 | 29,144,000 | ||||||||||||
Share repurchase program authorized amount | $ 100,000 | ||||||||||||||
Repurchase of common stock, shares | shares | 396,141 | 566,756 | |||||||||||||
Repurchase of common stock, price per shares | $ / shares | $ 54.17 | $ 50.86 | |||||||||||||
Excess income tax benefit related to stock-based compensation plans | 19,304,000 | 16,834,000 | |||||||||||||
Estimated undiscounted future minimum lease commitments | $ 1,124,789,000 | $ 1,124,789,000 | 1,124,789,000 | ||||||||||||
Oak Hill Capital Management LLC [Member] | |||||||||||||||
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Reimbursement expenses | $ 33,000 | 70,000 | $ 100,000 | ||||||||||||
Percentage of ownership in which reimbursement agreement terminates | 5.00% | ||||||||||||||
Dave And Busters Holdings Inc [Member] | |||||||||||||||
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Percentage of outstanding common stock owned | 100.00% | 100.00% | 100.00% | ||||||||||||
Board of Directors and Management [Member] | |||||||||||||||
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Percentage of outstanding common stock owned | 1.00% | 1.00% | 1.00% | ||||||||||||
Canada [Member] | |||||||||||||||
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Number of Canadian province | Province | 1 | 1 | 1 | ||||||||||||
Credit Facility - Term [Member] | |||||||||||||||
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Unamortized debt issuance costs | $ 622,000 | $ 622,000 | $ 622,000 | 834,000 | |||||||||||
Scenario, Forecast [Member] | |||||||||||||||
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Number of stores | Stores | 4 | ||||||||||||||
Adjustments for New Accounting Pronouncement [Member] | |||||||||||||||
Description Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||||||||||
Excess income tax benefit related to stock-based compensation plans | $ 19,304,000 | $ 16,834,000 |
Description of the Business a33
Description of the Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Detail) | 12 Months Ended |
Jan. 29, 2017 | |
Buildings and Building Improvements [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years), description | Shorter of 40 or expected ground lease term |
Buildings and Building Improvements [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years) | 40 years |
Leasehold Improvements [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years), description | Shorter of 20 or expected lease term |
Leasehold Improvements [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years) | 20 years |
Furniture, Fixtures and Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years) | 10 years |
Furniture, Fixtures and Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years) | 3 years |
Games [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years) | 20 years |
Games [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated Depreciable Lives (In Years) | 5 years |
Description of the Business a34
Description of the Business and Summary of Significant Accounting Policies - Debt Issuance Costs (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||
Balance at beginning of period | $ 2,819 | $ 6,186 | $ 7,954 |
Write off of unamortized debt issuance cost-refinancing & early prepayment | (5,861) | (7,906) | |
Additional debt issuance costs | 3,311 | 8,212 | |
Amortization | (674) | (817) | (2,074) |
Balance at end of period | $ 2,145 | $ 2,819 | $ 6,186 |
Inventories - Inventories (Deta
Inventories - Inventories (Detail) - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Inventory [Line Items] | ||
Inventory | $ 21,860 | $ 19,529 |
Operating Store - Food and Beverage [Member] | ||
Inventory [Line Items] | ||
Inventory | 5,784 | 4,975 |
Operating Store - Amusement [Member] | ||
Inventory [Line Items] | ||
Inventory | 7,772 | 6,777 |
Corporate Warehouse - Amusement Supplies and Other [Member] | ||
Inventory [Line Items] | ||
Inventory | $ 8,304 | $ 7,777 |
Property and Equipment - Proper
Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 994,370 | $ 833,236 |
Accumulated depreciation | (387,505) | (309,345) |
Property and equipment, net | 606,865 | 523,891 |
Buildings and Building Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 16,215 | 14,339 |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 512,806 | 448,723 |
Furniture, Fixtures and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 236,453 | 188,689 |
Games [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 171,714 | 139,406 |
Construction in Progress [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 53,574 | 34,791 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 3,608 | $ 7,288 |
Property and Equipment Capitali
Property and Equipment Capitalized and Depreciated - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017USD ($)StoresLease | Jan. 31, 2016USD ($) | Feb. 01, 2015USD ($) | |
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | $ 86,906 | $ 77,261 | $ 69,466 |
Capitalized interest cost | $ 462 | 559 | $ 535 |
Number of sale leaseback transactions | Stores | 2 | ||
Number of sale leaseback transactions | Lease | 2 | ||
Sale-Leaseback proceeds | $ 20,262 | ||
Deferred gain on sale of property | $ 126 | ||
Initial term of operating lease | 20 years | ||
Property and equipment, gross | $ 994,370 | 833,236 | |
Land [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | $ 3,608 | $ 7,288 |
Goodwill and Other Intangible38
Goodwill and Other Intangible Assets - Goodwill and Intangible Assets (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 29, 2017 | Jan. 31, 2016 | |
Goodwill And Intangible Assets [Line Items] | ||
Useful Lives | 1 year 3 months 18 days | |
Tradenames | $ 79,000 | $ 79,000 |
Goodwill | 272,629 | 272,694 |
Total goodwill and intangibles | 361,829 | 361,894 |
Accumulated Amortization | (9,363) | (7,964) |
Indefinite-Lived Intangible Assets [Member] | ||
Goodwill And Intangible Assets [Line Items] | ||
Total goodwill and intangibles | 351,629 | 351,694 |
Finite Lived Intangible Assets Subject to Amortization [Member] | ||
Goodwill And Intangible Assets [Line Items] | ||
Gross Carrying Amount | 10,200 | 10,200 |
Accumulated Amortization | $ (9,363) | (7,964) |
Trademarks [Member] | ||
Goodwill And Intangible Assets [Line Items] | ||
Useful Lives | 7 years | |
Gross Carrying Amount | $ 8,500 | 8,500 |
Accumulated Amortization | $ (8,104) | (6,893) |
Customer Relationships [Member] | ||
Goodwill And Intangible Assets [Line Items] | ||
Useful Lives | 9 years | |
Gross Carrying Amount | $ 1,700 | 1,700 |
Accumulated Amortization | $ (1,259) | $ (1,071) |
Goodwill and Other Intangible39
Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Foreign exchange Transaction adjustment | $ (65) | $ 102 | |
Remaining weighted-average amortization period for intangibles subject to amortization | 1 year 3 months 18 days | ||
Amortization expense | $ 1,399 | $ 1,399 | $ 1,402 |
2,017 | 588 | ||
2,018 | 188 | ||
2,019 | $ 61 |
Accrued Liabilities - Accrued L
Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Accrued Liabilities, Current [Abstract] | ||
Deferred amusement revenue | $ 28,305 | $ 22,623 |
Compensation and benefits | 20,886 | 25,054 |
Amusement redemption liability | 15,431 | 12,816 |
Rent | 14,260 | 12,277 |
Deferred gift card revenue | 6,957 | 6,705 |
Property taxes | 4,650 | 3,556 |
Current portion of long term insurance reserves | 4,460 | 3,591 |
Sales and use taxes | 3,872 | 3,669 |
Customer deposits | 3,003 | 2,734 |
Utilities | 2,969 | 2,753 |
Inventory received but not invoiced | 1,134 | 1,019 |
Other | 6,400 | 6,817 |
Total accrued liabilities | $ 112,327 | $ 103,614 |
Debt - Long-Term Debt (Detail)
Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Debt Instrument [Line Items] | ||
Total debt outstanding | $ 264,750 | $ 338,250 |
Current installments - term | (7,500) | (7,500) |
Long-term debt, net | 256,628 | 329,916 |
Credit Facility - Term [Member] | ||
Debt Instrument [Line Items] | ||
Total debt outstanding | 138,750 | 146,250 |
Current installments - term | (7,500) | (7,500) |
Debt issuance costs - term | (622) | (834) |
Credit Facility - Revolver [Member] | ||
Debt Instrument [Line Items] | ||
Total debt outstanding | $ 126,000 | $ 192,000 |
Debt - Additional Information (
Debt - Additional Information (Detail) - USD ($) | May 15, 2015 | Nov. 01, 2015 | Aug. 02, 2015 | Aug. 03, 2014 | Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 |
Debt Instrument [Line Items] | |||||||
Loss on extinguishment charge | $ 6,822,000 | $ 27,578,000 | $ 6,822,000 | $ 27,578,000 | |||
Minimum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt instrument interest rate | 1.50% | ||||||
Maximum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt instrument interest rate | 2.25% | ||||||
Prior Credit Facility And Notes [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loss on extinguishment charge | $ 6,822,000 | ||||||
Credit Facility [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Senior secured credit facility | $ 150,000,000 | ||||||
Revolving credit facility, maximum borrowing capacity | $ 350,000,000 | ||||||
Maturity date | May 15, 2020 | ||||||
Revolving credit facility, letter of credit sub-facility maximum borrowing capacity | $ 20,000,000 | ||||||
Revolving credit facility, swingline sub-facility maximum borrowing capacity | $ 10,000,000 | ||||||
Term loan repayment of principal | $ 1,875,000 | ||||||
Frequency of periodic payment | Quarterly | ||||||
Letter of credit facility outstanding | $ 5,016,000 | ||||||
Borrowing available | $ 218,984,000 | ||||||
Weighted average interest rate on the Credit Facility | 2.28% | ||||||
Weighted average effective interest | 2.53% | ||||||
Debt instrument, description of variable rate basis | The loans bear interest subject to a pricing grid based on a total leverage ratio, at LIBOR plus a spread ranging from 1.50% to 2.25% for the term loans and the revolving loans. | ||||||
Debt Instrument, covenant compliance | Our Credit Facility contains restrictive covenants that, among other things, places certain limitations on our ability to incur additional indebtedness, make loans or advances to subsidiaries and other entities, pay dividends, acquire other businesses or sell assets. In addition, our Credit Facility requires us to maintain certain financial ratio covenants. As of January 29, 2017, we were in compliance with the restrictive covenants under the Credit Facility. |
Debt - Future Debt Payment Obli
Debt - Future Debt Payment Obligation (Detail) - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Debt Disclosure [Abstract] | ||
1 year or less | $ 7,500 | |
2 years | 7,500 | |
3 years | 7,500 | |
4 years | 242,250 | |
5 years | 0 | |
Thereafter | 0 | |
Total debt outstanding | $ 264,750 | $ 338,250 |
Debt - Recorded Interest Expens
Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Debt Disclosure [Abstract] | |||
Interest expense on credit facilities and notes | $ 6,896 | $ 11,482 | $ 25,017 |
Interest accretion on note | 8,341 | ||
Gain on early collection of note receivable | (493) | ||
Amortization of issuance cost and discount | 674 | 867 | 2,295 |
Interest income | (271) | (308) | (329) |
Capitalized interest | (462) | (559) | (535) |
Change in fair value of interest rate cap | 148 | 475 | |
Total interest expense, net | $ 6,985 | $ 11,464 | $ 34,789 |
Income Taxes - Provision (Benef
Income Taxes - Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Current provision: | |||
Federal | $ 35,596 | $ 18,342 | $ 739 |
State and local | 10,107 | 5,810 | 4,617 |
Foreign | 72 | 126 | 117 |
Total current provision | 45,775 | 24,278 | 5,473 |
Deferred provision (benefit): | |||
Federal | 7,318 | 8,384 | (730) |
State and local | (287) | (623) | (978) |
Foreign | (70) | 92 | 93 |
Total deferred provision (benefit) | 6,961 | 7,853 | (1,615) |
Provision for income taxes | $ 52,736 | $ 32,131 | $ 3,858 |
Income Taxes - Components of De
Income Taxes - Components of Deferred Assets and Liabilities (Detail) - USD ($) $ in Thousands | Jan. 29, 2017 | Jan. 31, 2016 |
Deferred tax assets: | ||
Deferred revenue and redemption ticket liability | $ 18,318 | $ 14,938 |
Leasing transactions | 13,735 | 10,578 |
Accrued liabilities | 3,990 | 5,143 |
Workers compensation and general liability insurance | 4,698 | 4,235 |
Tax credit carryovers | 4,490 | |
Share-based compensation | 5,284 | 3,538 |
Net operating loss carryovers | 2,040 | 2,241 |
Indirect benefit of unrecognized tax benefits | 563 | 536 |
Other | 3,108 | 2,672 |
Total | 51,736 | 48,371 |
Valuation allowance | (821) | (1,006) |
Total deferred tax assets, net of valuation allowance | 50,915 | 47,365 |
Deferred tax liabilities: | ||
Trademark/tradename | (31,545) | (31,907) |
Property and equipment | (30,956) | (20,115) |
Other | (465) | (433) |
Total deferred tax liabilities | (62,966) | (52,455) |
Net deferred tax liabilities | (12,051) | (5,090) |
Reported as: | ||
Deferred tax assets, net-current | 30,257 | |
Deferred tax assets, net-noncurrent | 2,446 | |
Deferred tax liabilities, net-noncurrent | (14,497) | (35,347) |
Net deferred tax liabilities | $ (12,051) | $ (5,090) |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 29, 2017 | Jan. 31, 2016 | |
Income Taxes [Line Items] | ||
Valuation allowance against deferred tax assets - US | $ 821 | $ 1,006 |
Accrued interest on unrecognized tax benefits | 355 | $ 399 |
Unrecognized tax benefits will be settled through federal and state audits or will be recognized as a result of the expiration of statute of limitations | 39 | |
Unrecognized tax benefits, if recognized, would affect the effective tax rate | 980 | |
State and Local Jurisdiction [Member] | ||
Income Taxes [Line Items] | ||
Valuation allowance against deferred tax assets - US | $ 646 | |
Number of years carryforward on general business credits | 20 years | |
Beginning year for state net operating loss carry forward expiry | 2,018 | |
Net operating loss carryforwards | $ 63,245 | |
Net operating loss carryforwards | $ 22,233 |
Income Taxes - Change in Unreco
Income Taxes - Change in Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of year | $ 1,263 | $ 566 | $ 476 |
Additions for tax positions of prior years | 240 | 711 | 90 |
Reductions for tax positions of prior years | (76) | ||
Lapse of statute of limitations | (79) | (14) | |
Balance at end of year | $ 1,348 | $ 1,263 | $ 566 |
Income Taxes - Reconciliation o
Income Taxes - Reconciliation of Federal Statutory Rate to Effective Income Tax Rate (Detail) | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Income Tax Disclosure [Abstract] | |||
Federal corporate statutory rate | 35.00% | 35.00% | 35.00% |
State and local income taxes, net of federal income tax benefit | 4.40% | 2.80% | 20.70% |
Foreign taxes | (0.10%) | ||
Nondeductible expenses | 1.50% | 1.70% | 11.30% |
Tax credits | (4.10%) | (5.40%) | (31.40%) |
Valuation allowance | (0.10%) | 0.10% | (4.00%) |
Change in reserve | 0.80% | 1.20% | |
Other | 0.10% | 0.90% | |
Effective tax rate | 36.70% | 35.00% | 33.70% |
Leases - Additional Information
Leases - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | Jan. 30, 2017 | |
Operating Leased Assets [Line Items] | ||||
Rent expense for operating leases | $ 77,964 | $ 67,537 | $ 61,174 | |
Contingent rentals | 4,263 | $ 4,580 | $ 3,310 | |
Future commitments on lease | $ 1,124,789 | |||
Subsequent Event [Member] | Bayamon, Puerto Rico [Member] | ||||
Operating Leased Assets [Line Items] | ||||
Future commitments on lease | $ 28,000 |
Leases - Future Minimum Lease P
Leases - Future Minimum Lease Payments (Detail) $ in Thousands | Jan. 29, 2017USD ($) |
Leases [Abstract] | |
2,017 | $ 88,072 |
2,018 | 85,384 |
2,019 | 81,292 |
2,020 | 75,038 |
2,021 | 68,959 |
Thereafter | 726,044 |
Total | $ 1,124,789 |
Leases - Lease Commitments on E
Leases - Lease Commitments on Equipment (Detail) $ in Thousands | Jan. 29, 2017USD ($) |
Operating Leased Assets [Line Items] | |
2,017 | $ 88,072 |
2,018 | 85,384 |
2,019 | 81,292 |
2,020 | 75,038 |
2,021 | 68,959 |
Thereafter | 726,044 |
Total | 1,124,789 |
Operating Lease Equipment [Member] | |
Operating Leased Assets [Line Items] | |
2,017 | 327 |
2,018 | 179 |
2,019 | 73 |
2,020 | 12 |
2,021 | 3 |
Thereafter | 0 |
Total | $ 594 |
Share-Based Compensation - Addi
Share-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands | Oct. 09, 2014 | Jan. 29, 2017USD ($)$ / sharesshares | Jan. 31, 2016USD ($)$ / sharesshares | Feb. 01, 2015USD ($) | Feb. 02, 2014USD ($) |
2014 Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Number of shares of common stock available for issuance | shares | 3,100,000 | ||||
Stock Options [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Expiration period of Incentive plan | 10 years | ||||
Recipient age to expense award on grant date | 60 years | ||||
Recipient age to expense award on grant date | 65 years | ||||
Share-based compensation expense related to stock option | $ 3,483 | $ 2,964 | $ 2,212 | ||
Total intrinsic value of stock options exercised | 50,403 | 45,090 | |||
Unrecognized expense related to stock option plan | $ 2,503 | ||||
Unrecognized compensation expense, weighted average years | 1 year 4 months 24 days | ||||
Weighted average remaining contractual life,options outstanding | 5 years 9 months 18 days | ||||
Aggregate intrinsic value,options outstanding | $ 83,800 | ||||
Weighted average remaining contractual life,options exercisable | 4 years 3 months 18 days | ||||
Aggregate intrinsic value,options outstanding ,options exercisable | $ 57,400 | ||||
Stock Options [Member] | 2010 Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Stock split ratio | 224.9835679 | ||||
Vesting period | 5 years | ||||
Stock Options [Member] | IPO [Member] | 2014 Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Vesting period | 3 years | ||||
Vesting rate | 50.00% | ||||
Vesting period | 4 years | ||||
Performance Based RSU [Member] | 2014 Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Vesting period | 3 years | ||||
Reduction in available shares granted subject to target performance | shares | 1 | ||||
Reduction in shares granted subject to above target performance | shares | 2 | ||||
Reduction in shares granted subject to below target performance | shares | 0 | ||||
Performance Based Options [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Additional share based compensation expense | $ 1,080 | ||||
Restricted Stock Units (RSU's) and Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based compensation expense | $ 2,345 | $ 1,145 | |||
Unrecognized compensation expense, weighted average years | 2 years 2 months 12 days | ||||
Unrecognized expense related to unvested restricted stock and RSUs | $ 4,140 | ||||
Weighted average fair value for RSU's and restricted stock issued | $ / shares | $ 40.71 | $ 31.75 | |||
Shares vested | shares | 0 | ||||
Shares vested,value | $ 360 | ||||
Time Based RSU [Member] | 2014 Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Vesting period | 5 years |
Share-Based Compensation - Sign
Share-Based Compensation - Significant Assumptions Used in Determining Underlying Fair Value of Weighted-Average Options Granted (Detail) - 2014 Stock Incentive Plan [Member] - Service Based Option [Member] - $ / shares | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Volatility | 34.00% | 37.00% | 51.30% |
Risk free interest rate | 1.29% | 1.56% | 1.96% |
Expected dividend yield | 0.00% | 0.00% | 0.00% |
Expected term - in years | 5 years 10 months 24 days | 5 years 10 months 24 days | 6 years 9 months 18 days |
Weighted average calculated value | $ 13.62 | $ 12.01 | $ 8.45 |
Share-Based Compensation - Tran
Share-Based Compensation - Transactions Related to Stock Option Awards (Detail) | 12 Months Ended |
Jan. 29, 2017$ / sharesshares | |
2014 Stock Incentive Plan [Member] | Service Based Option [Member] | |
Number of Options | |
Options outstanding at January 31, 2016 | shares | 699,179 |
Granted | shares | 279,915 |
Exercised | shares | (15,732) |
Forfeited | shares | (129,863) |
Options outstanding at January 29, 2017 | shares | 833,499 |
Options exercisable at January 29, 2017 | shares | 89,227 |
Weighted Average Exercise Price | |
Options outstanding at January 31, 2016 | $ / shares | $ 21.72 |
Granted | $ / shares | 39.14 |
Exercised | $ / shares | 31.71 |
Forfeited | $ / shares | 24.62 |
Options outstanding at January 29, 2017 | $ / shares | 26.93 |
Options exercisable at January 29, 2017 | $ / shares | $ 31.79 |
2010 Stock Incentive Plan [Member] | Service Based Option [Member] | |
Number of Options | |
Options outstanding at January 31, 2016 | shares | 451,401 |
Exercised | shares | (109,760) |
Options outstanding at January 29, 2017 | shares | 341,641 |
Options exercisable at January 29, 2017 | shares | 229,174 |
Weighted Average Exercise Price | |
Options outstanding at January 31, 2016 | $ / shares | $ 7.07 |
Exercised | $ / shares | 5.44 |
Options outstanding at January 29, 2017 | $ / shares | 7.59 |
Options exercisable at January 29, 2017 | $ / shares | $ 7.34 |
2010 Stock Incentive Plan [Member] | Performance Based Options [Member] | |
Number of Options | |
Options outstanding at January 31, 2016 | shares | 1,890,424 |
Exercised | shares | (1,007,012) |
Options outstanding at January 29, 2017 | shares | 883,412 |
Options exercisable at January 29, 2017 | shares | 883,412 |
Weighted Average Exercise Price | |
Options outstanding at January 31, 2016 | $ / shares | $ 4.57 |
Exercised | $ / shares | 4.64 |
Options outstanding at January 29, 2017 | $ / shares | 4.49 |
Options exercisable at January 29, 2017 | $ / shares | $ 4.49 |
Share-Based Compensation - Tr56
Share-Based Compensation - Transactions Related to Time-based and Performance-based RSU's and Restricted Stock (Detail) - Time-Based and Performance-Based RSU's and Restricted Shares [Member] | 12 Months Ended |
Jan. 29, 2017$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Restricted Stock Awards, January 31, 2016 | shares | 70,534 |
Restricted Stock Awards, Granted | shares | 85,275 |
Restricted Stock Awards, Vested | shares | (11,174) |
Restricted Stock Awards, Forfeited | shares | (16,547) |
Restricted Stock Awards, January 29, 2017 | shares | 128,088 |
Weighted Average Fair Value, January 31, 2016 | $ / shares | $ 31.75 |
Weighted Average Fair Value, Granted | $ / shares | 40.71 |
Weighted Average Fair Value, Vested | $ / shares | 32.18 |
Weighted Average Fair Value, Forfeited | $ / shares | 35.47 |
Weighted Average Fair Value, October 30, 2016 | $ / shares | $ 37.19 |
Employee Benefit Plans - Additi
Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Deferred Compensation Plan [Member] | |||
401(k) and Deferred Compensation Plan [Line Items] | |||
Guaranteed percentage of employee contribution | 25.00% | ||
Maximum eligibility of employee compensation | 6.00% | ||
Percentage of maximum employee eligible compensation on pretax basis that can be contributed | 50.00% | ||
Deferred compensation expense | $ 237,000 | $ 211,000 | $ 205,000 |
Description of contributions | Any contributions to a participant's account vest in equal portions over a five-year period, and becomes immediately vested upon termination of a participant's employment on or after age 65 or by reason of the participant's death or disability, and upon a change of control (as defined). | ||
Defined contribution plan employer matching contribution vesting period | 5 years | ||
Deferred compensation plan assets | $ 5,105,000 | ||
401(k) Plan [Member] | |||
401(k) and Deferred Compensation Plan [Line Items] | |||
Guaranteed percentage of employee contribution | 25.00% | ||
Maximum eligibility of employee compensation | 6.00% | ||
Percentage of discretionary contribution | 25.00% | ||
Percentage of maximum employee eligible compensation on pretax basis that can be contributed | 50.00% | ||
Deferred compensation expense | $ 889 | $ 764 | $ 648 |
Earnings Per Share - Summary of
Earnings Per Share - Summary of Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Jan. 29, 2017 | Oct. 30, 2016 | Jul. 31, 2016 | May 01, 2016 | Jan. 31, 2016 | Nov. 01, 2015 | Aug. 02, 2015 | May 03, 2015 | Jan. 29, 2017 | Jan. 31, 2016 | Feb. 01, 2015 | |
Numerator: | |||||||||||
Net income | $ 90,795 | $ 59,619 | $ 7,636 | ||||||||
Denominator: | |||||||||||
Basic weighted average common shares outstanding | 42,215,285 | 42,061,235 | 41,870,680 | 41,659,879 | 41,548,060 | 41,241,274 | 40,850,649 | 40,235,141 | 41,951,770 | 40,968,455 | 35,314,884 |
Effect of dilutive common shares for equity-based awards | 1,336,822 | 1,815,450 | 1,811,164 | ||||||||
Diluted weighted average common shares outstanding | 43,369,754 | 43,327,812 | 43,283,834 | 43,112,141 | 43,097,656 | 42,938,502 | 42,706,155 | 42,377,014 | 43,288,592 | 42,783,905 | 37,126,048 |
Net income per share: | |||||||||||
Basic | $ 0.65 | $ 0.26 | $ 0.51 | $ 0.75 | $ 0.55 | $ 0.11 | $ 0.31 | $ 0.49 | $ 2.16 | $ 1.46 | $ 0.22 |
Diluted | $ 0.63 | $ 0.25 | $ 0.50 | $ 0.72 | $ 0.53 | $ 0.11 | $ 0.29 | $ 0.46 | $ 2.10 | $ 1.39 | $ 0.21 |
Quarterly Financial Informati59
Quarterly Financial Information - Quarterly Financial Information (Detail) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Jan. 29, 2017USD ($)Stores$ / sharesshares | Oct. 30, 2016USD ($)Store$ / sharesshares | Jul. 31, 2016USD ($)Store$ / sharesshares | May 01, 2016USD ($)Store$ / sharesshares | Jan. 31, 2016USD ($)Store$ / sharesshares | Nov. 01, 2015USD ($)Store$ / sharesshares | Aug. 02, 2015USD ($)Store$ / sharesshares | May 03, 2015USD ($)Store$ / sharesshares | Jan. 29, 2017USD ($)Stores$ / sharesshares | Jan. 31, 2016USD ($)Store$ / sharesshares | Feb. 01, 2015USD ($)$ / sharesshares | |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Total revenues | $ 270,182 | $ 228,659 | $ 244,330 | $ 261,987 | $ 234,215 | $ 192,753 | $ 217,339 | $ 222,675 | $ 1,005,158 | $ 866,982 | $ 746,751 |
Income before provision for income taxes | 43,258 | 17,095 | 34,114 | 49,064 | 35,655 | 7,275 | 17,722 | 31,098 | $ 143,531 | $ 91,750 | $ 11,494 |
Net income | $ 27,367 | $ 10,755 | $ 21,512 | $ 31,161 | $ 22,950 | $ 4,554 | $ 12,573 | $ 19,542 | |||
Net income per share of common stock: | |||||||||||
Basic | $ / shares | $ 0.65 | $ 0.26 | $ 0.51 | $ 0.75 | $ 0.55 | $ 0.11 | $ 0.31 | $ 0.49 | $ 2.16 | $ 1.46 | $ 0.22 |
Diluted | $ / shares | $ 0.63 | $ 0.25 | $ 0.50 | $ 0.72 | $ 0.53 | $ 0.11 | $ 0.29 | $ 0.46 | $ 2.10 | $ 1.39 | $ 0.21 |
Denominator: | |||||||||||
Basic | shares | 42,215,285 | 42,061,235 | 41,870,680 | 41,659,879 | 41,548,060 | 41,241,274 | 40,850,649 | 40,235,141 | 41,951,770 | 40,968,455 | 35,314,884 |
Diluted | shares | 43,369,754 | 43,327,812 | 43,283,834 | 43,112,141 | 43,097,656 | 42,938,502 | 42,706,155 | 42,377,014 | 43,288,592 | 42,783,905 | 37,126,048 |
Stores open at end of period | 92 | 88 | 86 | 84 | 81 | 77 | 76 | 74 | 92 | 81 |
Quarterly Financial Informati60
Quarterly Financial Information - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Aug. 02, 2015 | Aug. 03, 2014 | Jan. 31, 2016 | Feb. 01, 2015 | |
Quarterly Financial Information Disclosure [Abstract] | ||||
Loss on debt retirement | $ 6,822 | $ 27,578 | $ 6,822 | $ 27,578 |