Dave & Buster's Entertainment (PLAY) 10-Q 5 Sep 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 30, 2017	Aug. 31, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	PLAY
Entity Registrant Name	Dave & Buster's Entertainment, Inc.
Entity Central Index Key	1,525,769
Current Fiscal Year End Date	--02-04
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		41,101,034

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 30, 2017	Jan. 29, 2017
Current assets:
Cash and cash equivalents	$ 20,596	$ 20,083
Inventories	23,704	21,860
Prepaid expenses	16,244	15,828
Income taxes receivable	1,870	5,901
Other current assets	24,291	11,932
Total current assets	86,705	75,604
Property and equipment (net of $429,099 and $387,505 accumulated depreciation as of July 30, 2017 and January 29, 2017, respectively)	652,211	606,865
Deferred tax assets	3,782	2,446
Tradenames	79,000	79,000
Goodwill	272,567	272,629
Other assets and deferred charges	15,994	16,189
Total assets	1,110,259	1,052,733
Current liabilities:
Current installments of long-term debt	7,500	7,500
Accounts payable	55,303	55,278
Accrued liabilities	125,571	112,327
Income taxes payable	6,648	2,692
Total current liabilities	195,022	177,797
Deferred income taxes	11,981	14,497
Deferred occupancy costs	167,222	147,592
Other liabilities	19,714	16,767
Long-term debt, net	293,980	256,628
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 42,553,960 shares at July 30, 2017 and 42,469,570 shares at January 29, 2017; outstanding: 41,093,713 shares at July 30, 2017 and 42,204,587 shares at January 29, 2017	426	425
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	315,399	310,230
Treasury stock, 1,460,247 and 264,983 shares as of July 30, 2017 and January 29, 2017, respectively	(93,704)	(14,817)
Accumulated other comprehensive loss	(295)	(723)
Retained earnings	200,514	144,337
Total stockholders' equity	422,340	439,452
Total liabilities and stockholders' equity	$ 1,110,259	$ 1,052,733

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 30, 2017	Jan. 29, 2017
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 429,099	$ 387,505
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	42,553,960	42,469,570
Common stock, shares outstanding	41,093,713	42,204,587
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	1,460,247	264,983

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2017	Jul. 31, 2016	Jul. 30, 2017	Jul. 31, 2016
Statement of Comprehensive Income [Abstract]
Food and beverage revenues	$ 118,689	$ 107,672	$ 248,500	$ 224,796
Amusement and other revenues	162,062	136,658	336,399	281,521
Total revenues	280,751	244,330	584,899	506,317
Cost of food and beverage	30,473	27,573	63,175	57,212
Cost of amusement and other	17,978	16,535	34,261	33,047
Total cost of products	48,451	44,108	97,436	90,259
Operating payroll and benefits	64,453	55,203	129,643	111,580
Other store operating expenses	82,529	71,069	164,897	142,599
General and administrative expenses	16,762	13,585	31,740	26,625
Depreciation and amortization expense	24,847	21,434	48,775	42,244
Pre-opening costs	4,546	2,932	9,017	5,837
Total operating costs	241,588	208,331	481,508	419,144
Operating income	39,163	35,999	103,391	87,173
Interest expense, net	2,063	1,885	3,917	3,995
Income before provision for income taxes	37,100	34,114	99,474	83,178
Provision for income taxes	6,744	12,602	26,322	30,505
Net income	30,356	21,512	73,152	52,673
Unrealized foreign currency translation gain (loss)	720	(154)	428	286
Total comprehensive income	$ 31,076	$ 21,358	$ 73,580	$ 52,959
Net income per share:
Basic	$ 0.73	$ 0.51	$ 1.75	$ 1.26
Diluted	$ 0.71	$ 0.50	$ 1.69	$ 1.22
Weighted average shares used in per share calculations:
Basic	41,460,651	41,870,680	41,744,101	41,765,280
Diluted	42,830,873	43,283,834	43,182,918	43,217,406

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - 6 months ended Jul. 30, 2017 - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-In Capital [Member]	Treasury Stock at Cost [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
Beginning balance at Jan. 29, 2017	$ 439,452	$ 425	$ 310,230	$ (14,817)	$ (723)	$ 144,337
Beginning balance, shares at Jan. 29, 2017		42,469,570		264,983
Net income	73,152					73,152
Unrealized foreign currency translation gain (loss)	428				428
Share-based compensation	4,449		4,449
Cumulative effect of a change in accounting principle	782					782
Issuance of common stock	721	$ 1	720
Issuance of common stock, shares		84,390
Repurchase of common stock	$ (98,286)			$ (98,286)
Repurchase of common stock, shares	1,538,142			1,538,142
Issuance of treasury stock	$ 1,642			$ 19,399		(17,757)
Issuance of treasury stock, shares				(342,878)
Ending balance at Jul. 30, 2017	$ 422,340	$ 426	$ 315,399	$ (93,704)	$ (295)	$ 200,514
Ending balance, shares at Jul. 30, 2017		42,553,960		1,460,247

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Cash flows from operating activities:
Net income	$ 73,152	$ 52,673
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	48,775	42,244
Deferred taxes	(3,070)	3,494
Excess income tax benefit related to share-based compensation plans		(7,314)
Loss on disposal of fixed assets	884	473
Share-based compensation	4,449	2,997
Other, net	569	1,000
Changes in assets and liabilities:
Inventories	(1,844)	855
Prepaid expenses	(415)	(182)
Income tax receivable	4,031	2,301
Other current assets	(12,226)	1,305
Other assets and deferred charges	(653)	718
Accounts payable	5,480	1,347
Accrued liabilities	13,470	4,645
Income taxes payable	3,956	5,685
Deferred occupancy costs	19,794	8,163
Other liabilities	1,754	1,306
Net cash provided by operating activities	158,106	121,710
Cash flows from investing activities:
Capital expenditures	(99,757)	(84,779)
Proceeds from sales of property and equipment	37	28
Collections of notes receivable	800	800
Net cash used in investing activities	(98,920)	(83,951)
Cash flows from financing activities:
Proceeds from debt	95,000	30,000
Payments of debt	(57,750)	(77,750)
Proceeds from the exercise of stock options	721	2,263
Proceeds from issuance of treasury stock	1,642
Repurchase of common stock	(98,286)	(1,831)
Excess income tax benefit related to share-based compensation plans		7,314
Net cash used in financing activities	(58,673)	(40,004)
Increase (decrease) in cash and cash equivalents	513	(2,245)
Beginning cash and cash equivalents	20,083	25,495
Ending cash and cash equivalents	20,596	23,250
Supplemental disclosures of cash flow information:
Increase (decrease) in fixed asset accounts payable	(5,455)	8,095
Cash paid for income taxes, net	21,400	19,016
Cash paid for interest, net	$ 3,396	$ 3,588

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies Basis of presentation The accompanying unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company’s financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial information as prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. The preparation of consolidated financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Operating results for the thirteen and twenty-six 10-K We operate on a 52 or 53 week fiscal year that ends on the Sunday after the Saturday closest to January 31. Each quarterly period has 13 weeks, except in a 53 week year when the fourth quarter has 14 weeks. Fiscal 2017 and 2016, which end on February 4, 2018 and January 29, 2017, contain 53 and 52 weeks, respectively. Cash and cash equivalents Other current assets Provision for income taxes twenty-six twenty-six 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. The fair value of the Company’s credit facility was determined to be a Level Two instrument as defined by GAAP. Non-financial twenty-six Share repurchase program 10b5-1 twenty-six Recent accounting pronouncements 2017-04, In August 2016, the FASB issued ASU 2016-15, In March 2016, the FASB issued ASU 2016-09, • As a result of the adoption in the first quarter of fiscal 2017, we recorded an adjustment to retained earnings of $782 to recognize deferred tax assets related to certain state net operating loss carryforwards attributable to excess tax benefits in stock compensation that had not been previously recognized in additional paid in capital. • During the thirteen and twenty-six twenty-six In July 2015, the FASB issued ASU 2015-11, In May 2014, the FASB issued guidance in ASU 2014-09, 2015-14 In February 2016, the FASB issued ASU 2016-02, right-of-use

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Accrued Liabilities	Note 2: Accrued Liabilities Accrued liabilities consist of the following as of: July 30, 2017 January 29, 2017 Deferred amusement revenue $ 31,342 $ 28,305 Compensation and benefits 18,995 20,886 Amusement redemption liability 16,868 15,431 Rent 16,501 14,260 Property taxes 6,454 4,650 Deferred gift card revenue 5,433 6,957 Current portion of long-term insurance reserves 4,070 4,460 Utilities 3,735 2,969 Sales and use taxes 3,601 3,872 Customer deposits 3,205 3,003 Inventory received but not invoiced 1,061 1,134 Other 14,306 6,400 Total accrued liabilities $ 125,571 $ 112,327

Debt

Debt	6 Months Ended
	Jul. 30, 2017
Debt Disclosure [Abstract]
Debt	Note 3: Debt Long-term debt consists of the following as of: July 30, 2017 January 29, 2017 Credit Facility - term $ 135,000 $ 138,750 Credit Facility - revolver 167,000 126,000 Total debt outstanding 302,000 264,750 Less: Current installments - term (7,500 ) (7,500 ) Debt issuance costs - term (520 ) (622 ) Long-term debt, net $ 293,980 $ 256,628 Credit Facility— sub-facility sub-facility. 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 July 30, 2017 was 2.73%. The weighted average effective interest rate incurred on our borrowings under the Credit Facility was 2.96%. 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 July 30, 2017, we were in compliance with the restrictive covenants under the Credit Facility. Future debt obligations 2017 $ 3,750 2018 7,500 2019 7,500 2020 283,250 Total future payments $ 302,000 In August 2017, we entered into a new senior secured credit facility that provides a $300,000 term loan facility and a $500,000 revolving credit facility with a maturity date of August 17, 2022. Principal payments on the term loan facility of $15,000 per annum are required beginning December 31, 2017 through maturity, when the remaining balance is due. The majority of the proceeds of this senior secured credit facility were used to refinance in full the Credit Facility (of which $291,000 was outstanding) and to pay related interest and expenses. Interest expense, net Thirteen Weeks Thirteen Weeks Ended Ended July 30, 2017 July 31, 2016 Interest expense on credit facility $ 1,998 $ 1,702 Amortization of issuance cost 166 169 Interest income (52 ) (61 ) Less: capitalized interest (115 ) (78 ) Change in fair value of interest rate cap 66 153 Total interest expense, net $ 2,063 $ 1,885 Twenty-six Weeks Twenty-six Weeks Ended Ended July 30, 2017 July 31, 2016 Interest expense on credit facility $ 3,706 $ 3,634 Amortization of issuance cost 333 338 Interest income (135 ) (127 ) Less: capitalized interest (256 ) (209 ) Change in fair value of interest rate cap 269 359 Total interest expense, net $ 3,917 $ 3,995 We are exposed to interest rate risk arising from changes in interest rates due to the variable rate indebtedness under our Credit Facility. 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 twenty-six

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 4: 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. On June 30, 2017, we agreed to settle litigation related to alleged violations of the Employee Retirement Income Security Act. Once the settlement agreement is finalized, it will be subject to court approval. To cover the estimated net costs of settlement, including estimated payment to any opt-in We lease certain property and equipment under various non-cancelable The following table sets forth our lease commitments as of July 30, 2017: 1 year or less $ 92,754 2 years 89,874 3 years 84,238 4 years 78,854 5 years 70,847 Thereafter 803,127 Total future payments $ 1,219,694 As of July 30, 2017, we have signed operating lease agreements for five 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 July 30, 2017, we have signed nineteen additional operating 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.

Earnings per share

Earnings per share	6 Months Ended
	Jul. 30, 2017
Earnings Per Share [Abstract]
Earnings per share	Note 5: 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), unvested time-based restricted stock units (RSU’s) and unvested performance RSU’s to the extent performance measures were attained as of the end of the reporting period. 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 periods indicated: (in thousands, except share and per share data) Thirteen Weeks July 30, 2017 Thirteen Weeks July 31, 2016 Numerator: Net income $ 30,356 $ 21,512 Denominator: Basic weighted average common shares outstanding 41,460,651 41,870,680 Effect of dilutive common shares for equity-based awards 1,370,222 1,413,154 Diluted weighted average common shares outstanding 42,830,873 43,283,834 Net income per share: Basic $ 0.73 $ 0.51 Diluted $ 0.71 $ 0.50 (in thousands, except share and per share data) Twenty-six Weeks Twenty-six Weeks Ended Ended July 30, 2017 July 31, 2016 Numerator: Net income $ 73,152 $ 52,673 Denominator: Basic weighted average common shares outstanding 41,744,101 41,765,280 Effect of dilutive common shares for equity-based awards 1,438,817 1,452,126 Diluted weighted average common shares outstanding 43,182,918 43,217,406 Net income per share: Basic $ 1.75 $ 1.26 Diluted $ 1.69 $ 1.22

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Note 6: Share-Based Compensation Compensation expenses related to stock options, time-based and performance-based RSU’s and restricted stock are included in general and administrative expenses and were as follows: Thirteen Weeks Ended Twenty-six Weeks Ended July 30, 2017 July 31, 2016 July 30, 2017 July 31, 2016 Stock options $ 1,352 $ 1,097 $ 2,656 $ 2,050 RSU’s and restricted stock 1,034 540 1,793 947 Total share-based compensation expense $ 2,386 $ 1,637 $ 4,449 $ 2,997 Transactions related to stock option awards during the twenty-six 2014 Stock Incentive Plan 2010 Stock Incentive Plan Weighted Weighted Average Average Number Exercise Number Exercise of Options Price of Options Price Outstanding at January 29, 2017 833,499 $ 26.93 1,225,053 $ 5.35 Granted 153,088 59.67 — — Exercised (13,427 ) 35.00 (413,480 ) 4.58 Forfeited (1,736 ) 46.58 — — Outstanding at July 30, 2017 971,424 $ 31.95 811,573 $ 5.75 Exercisable at July 30, 2017 239,735 $ 34.68 739,242 $ 5.47 The total intrinsic value of options exercised during the twenty-six Transactions related to time-based and performance-based RSU’s and restricted stock during the twenty-six Weighted Average Shares Fair Value Outstanding at January 29, 2017 128,088 $ 37.19 Granted 63,967 59.67 Vested (9,093 ) 40.30 Forfeited (2,301 ) 55.74 Outstanding at July 30, 2017 180,661 $ 44.76 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 unrecognized expense related to our time-based and performance-based RSU’s and unvested restricted stock was $6,096 as of July 30, 2017 and will be expensed over a weighted average period of 2.2 years.

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 30, 2017
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company’s financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial information as prescribed by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. The preparation of consolidated financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Operating results for the thirteen and twenty-six 10-K We operate on a 52 or 53 week fiscal year that ends on the Sunday after the Saturday closest to January 31. Each quarterly period has 13 weeks, except in a 53 week year when the fourth quarter has 14 weeks. Fiscal 2017 and 2016, which end on February 4, 2018 and January 29, 2017, contain 53 and 52 weeks, respectively.
Cash and cash equivalents	Cash and cash equivalents
Other current assets	Other current assets
Provision for income taxes	Provision for income taxes twenty-six twenty-six
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. The fair value of the Company’s credit facility was determined to be a Level Two instrument as defined by GAAP. Non-financial twenty-six
Share repurchase program	Share repurchase program 10b5-1 twenty-six
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, • As a result of the adoption in the first quarter of fiscal 2017, we recorded an adjustment to retained earnings of $782 to recognize deferred tax assets related to certain state net operating loss carryforwards attributable to excess tax benefits in stock compensation that had not been previously recognized in additional paid in capital. • During the thirteen and twenty-six twenty-six In July 2015, the FASB issued ASU 2015-11, In May 2014, the FASB issued guidance in ASU 2014-09, 2015-14 In February 2016, the FASB issued ASU 2016-02, right-of-use

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Accrued Liabilities	Accrued liabilities consist of the following as of: July 30, 2017 January 29, 2017 Deferred amusement revenue $ 31,342 $ 28,305 Compensation and benefits 18,995 20,886 Amusement redemption liability 16,868 15,431 Rent 16,501 14,260 Property taxes 6,454 4,650 Deferred gift card revenue 5,433 6,957 Current portion of long-term insurance reserves 4,070 4,460 Utilities 3,735 2,969 Sales and use taxes 3,601 3,872 Customer deposits 3,205 3,003 Inventory received but not invoiced 1,061 1,134 Other 14,306 6,400 Total accrued liabilities $ 125,571 $ 112,327

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following as of: July 30, 2017 January 29, 2017 Credit Facility - term $ 135,000 $ 138,750 Credit Facility - revolver 167,000 126,000 Total debt outstanding 302,000 264,750 Less: Current installments - term (7,500 ) (7,500 ) Debt issuance costs - term (520 ) (622 ) Long-term debt, net $ 293,980 $ 256,628
Future Debt Payment Obligation	Future debt obligations 2017 $ 3,750 2018 7,500 2019 7,500 2020 283,250 Total future payments $ 302,000
Recorded Interest Expense, Net	The following tables set forth our recorded interest expense, net for the periods indicated: Thirteen Weeks Thirteen Weeks Ended Ended July 30, 2017 July 31, 2016 Interest expense on credit facility $ 1,998 $ 1,702 Amortization of issuance cost 166 169 Interest income (52 ) (61 ) Less: capitalized interest (115 ) (78 ) Change in fair value of interest rate cap 66 153 Total interest expense, net $ 2,063 $ 1,885 Twenty-six Weeks Twenty-six Weeks Ended Ended July 30, 2017 July 31, 2016 Interest expense on credit facility $ 3,706 $ 3,634 Amortization of issuance cost 333 338 Interest income (135 ) (127 ) Less: capitalized interest (256 ) (209 ) Change in fair value of interest rate cap 269 359 Total interest expense, net $ 3,917 $ 3,995

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jul. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Lease Commitments	The following table sets forth our lease commitments as of July 30, 2017: 1 year or less $ 92,754 2 years 89,874 3 years 84,238 4 years 78,854 5 years 70,847 Thereafter 803,127 Total future payments $ 1,219,694

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jul. 30, 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 periods indicated: (in thousands, except share and per share data) Thirteen Weeks July 30, 2017 Thirteen Weeks July 31, 2016 Numerator: Net income $ 30,356 $ 21,512 Denominator: Basic weighted average common shares outstanding 41,460,651 41,870,680 Effect of dilutive common shares for equity-based awards 1,370,222 1,413,154 Diluted weighted average common shares outstanding 42,830,873 43,283,834 Net income per share: Basic $ 0.73 $ 0.51 Diluted $ 0.71 $ 0.50 (in thousands, except share and per share data) Twenty-six Weeks Twenty-six Weeks Ended Ended July 30, 2017 July 31, 2016 Numerator: Net income $ 73,152 $ 52,673 Denominator: Basic weighted average common shares outstanding 41,744,101 41,765,280 Effect of dilutive common shares for equity-based awards 1,438,817 1,452,126 Diluted weighted average common shares outstanding 43,182,918 43,217,406 Net income per share: Basic $ 1.75 $ 1.26 Diluted $ 1.69 $ 1.22

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Compensation Expenses	Compensation expenses related to stock options, time-based and performance-based RSU’s and restricted stock are included in general and administrative expenses and were as follows: Thirteen Weeks Ended Twenty-six Weeks Ended July 30, 2017 July 31, 2016 July 30, 2017 July 31, 2016 Stock options $ 1,352 $ 1,097 $ 2,656 $ 2,050 RSU’s and restricted stock 1,034 540 1,793 947 Total share-based compensation expense $ 2,386 $ 1,637 $ 4,449 $ 2,997
Transactions Related to Stock Options Awards	Transactions related to stock option awards during the twenty-six 2014 Stock Incentive Plan 2010 Stock Incentive Plan Weighted Weighted Average Average Number Exercise Number Exercise of Options Price of Options Price Outstanding at January 29, 2017 833,499 $ 26.93 1,225,053 $ 5.35 Granted 153,088 59.67 — — Exercised (13,427 ) 35.00 (413,480 ) 4.58 Forfeited (1,736 ) 46.58 — — Outstanding at July 30, 2017 971,424 $ 31.95 811,573 $ 5.75 Exercisable at July 30, 2017 239,735 $ 34.68 739,242 $ 5.47
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 the twenty-six Weighted Average Shares Fair Value Outstanding at January 29, 2017 128,088 $ 37.19 Granted 63,967 59.67 Vested (9,093 ) 40.30 Forfeited (2,301 ) 55.74 Outstanding at July 30, 2017 180,661 $ 44.76

Summary of Significant Accoun19

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jul. 30, 2017USD ($)StatesStoresProvince$ / sharesshares	Apr. 30, 2017USD ($)	Jul. 30, 2017USD ($)StatesStoresProvinceSegment$ / sharesshares	Jul. 31, 2016	Jun. 06, 2017USD ($)	Jan. 29, 2017USD ($)	Jun. 07, 2016USD ($)
Summary Of Significant Accounting Policy [Line Items]
Number of stores | Stores	100		100
Number of states store operates | States	34		34
Number of operating segment | Segment			1
Number of reportable segment | Segment			1
Book overdrafts reclassified to accounts payable	$ 13,165,000		$ 13,165,000			$ 10,065,000
Construction allowance receivables	14,161,000		$ 14,161,000			$ 7,021,000
Effective tax rate			26.50%	36.70%
Percentage of tax impact of employee share-based payments			10.20%
Long lived asset impairment loss			$ 0
Share repurchase program authorized amount	$ 200,000,000		$ 200,000,000		$ 100,000,000		$ 100,000,000
Repurchase of common stock, shares | shares	1,008,966		1,538,142
Repurchase of common stock, price per shares | $ / shares	$ 66.56		$ 63.90
Share repurchase program remaining authorized amount	$ 72,889,000		$ 72,889,000
Un-recognized deferred tax assets		$ 782,000	782,000
Estimated undiscounted future minimum lease commitments	$ 1,219,694,000		$ 1,219,694,000
Dave And Busters Holdings Inc [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of outstanding common stock owned	100.00%		100.00%
Canada [Member]
Summary Of Significant Accounting Policy [Line Items]
Number of Canadian province | Province	1		1
Adjustments for New Accounting Pronouncement [Member]
Summary Of Significant Accounting Policy [Line Items]
Excess income tax benefit related to stock-based compensation plans	$ 6,828,000		$ 10,134,000

Accrued Liabilities - Accrued L

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Jan. 29, 2017
Accrued Liabilities, Current [Abstract]
Deferred amusement revenue	$ 31,342	$ 28,305
Compensation and benefits	18,995	20,886
Amusement redemption liability	16,868	15,431
Rent	16,501	14,260
Property taxes	6,454	4,650
Deferred gift card revenue	5,433	6,957
Current portion of long-term insurance reserves	4,070	4,460
Utilities	3,735	2,969
Sales and use taxes	3,601	3,872
Customer deposits	3,205	3,003
Inventory received but not invoiced	1,061	1,134
Other	14,306	6,400
Total accrued liabilities	$ 125,571	$ 112,327

Debt - Long-Term Debt (Detail)

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Jan. 29, 2017
Debt Instrument [Line Items]
Total debt outstanding	$ 302,000	$ 264,750
Current installments - term	(7,500)	(7,500)
Long-term debt, net	293,980	256,628
Credit Facility - Term [Member]
Debt Instrument [Line Items]
Total debt outstanding	135,000	138,750
Current installments - term	(7,500)	(7,500)
Debt issuance costs - term	(520)	(622)
Credit Facility - Revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 167,000	$ 126,000

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Aug. 17, 2017	May 15, 2015	Oct. 31, 2015	Jul. 30, 2017	Jul. 31, 2016	Nov. 01, 2015	Jul. 30, 2017	Jul. 31, 2016
Debt Instrument [Line Items]
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 interest rate cap 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 $28 at July 30, 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. For the thirteen and twenty-six weeks ending July 30, 2017, interest expense includes $203 and $66 related to the change in the fair value of the interest rate cap.
Cap interest rate			3.00%
Maturity date of interest rate cap agreement			Oct. 7, 2019
Fair value of interest rate cap				$ 28,000			$ 28,000
Change in fair value of interest rate cap				66,000	$ 153,000		$ 269,000	$ 359,000
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate							1.50%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate							2.25%
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				5,159,000			$ 5,159,000
Borrowing available				$ 177,841,000			$ 177,841,000
Weighted average interest rate on the Credit Facility				2.73%			2.73%
Weighted average effective interest				2.96%			2.96%
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 July 30, 2017, we were in compliance with the restrictive covenants under the Credit Facility.
New Senior Secured Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Senior secured credit facility	$ 300,000,000
Revolving credit facility, maximum borrowing capacity	$ 500,000,000
Maturity date	Aug. 17, 2022
Term loan repayment of principal	$ 15,000,000
Frequency of periodic payment	Annual
Credit facility outstanding	$ 291,000,000

Debt - Future Debt Payment Obli

Debt - Future Debt Payment Obligation (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Jan. 29, 2017
Debt Disclosure [Abstract]
2,017	$ 3,750
2,018	7,500
2,019	7,500
2,020	283,250
Total debt outstanding	$ 302,000	$ 264,750

Debt - Recorded Interest Expens

Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2017	Jul. 31, 2016	Jul. 30, 2017	Jul. 31, 2016
Debt Disclosure [Abstract]
Interest expense on credit facility	$ 1,998	$ 1,702	$ 3,706	$ 3,634
Amortization of issuance cost	166	169	333	338
Interest income	(52)	(61)	(135)	(127)
Less: capitalized interest	(115)	(78)	(256)	(209)
Change in fair value of interest rate cap	66	153	269	359
Total interest expense, net	$ 2,063	$ 1,885	$ 3,917	$ 3,995

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 30, 2017USD ($)Lease_Agreement	Jul. 30, 2017Lease_Agreementsite
Other Commitments [Line Items]
Litigation charge	$ 2,550
Legal gross settlement cost.	7,500
Insurance recoveries	$ 4,950
Lease commitments for future sites | site		5
Additional Lease Agreements [Member]
Other Commitments [Line Items]
Number of additional operating lease agreements signed | Lease_Agreement	19	19

Commitments and Contingencies26

Commitments and Contingencies - Lease Commitments (Detail) $ in Thousands	Jul. 30, 2017USD ($)
Leases [Abstract]
1 year or less	$ 92,754
2 years	89,874
3 years	84,238
4 years	78,854
5 years	70,847
Thereafter	803,127
Total future payments	$ 1,219,694

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		6 Months Ended
	Jul. 30, 2017	Jul. 31, 2016	Jul. 30, 2017	Jul. 31, 2016
Numerator:
Net income	$ 30,356	$ 21,512	$ 73,152	$ 52,673
Denominator:
Basic weighted average common shares outstanding	41,460,651	41,870,680	41,744,101	41,765,280
Effect of dilutive common shares for equity-based awards	1,370,222	1,413,154	1,438,817	1,452,126
Diluted weighted average common shares outstanding	42,830,873	43,283,834	43,182,918	43,217,406
Net income per share:
Basic	$ 0.73	$ 0.51	$ 1.75	$ 1.26
Diluted	$ 0.71	$ 0.50	$ 1.69	$ 1.22

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2017	Jul. 31, 2016	Jul. 30, 2017	Jul. 31, 2016
Share-based Compensation [Abstract]
Stock options	$ 1,352	$ 1,097	$ 2,656	$ 2,050
RSU's and restricted stock	1,034	540	1,793	947
Total share-based compensation expense	$ 2,386	$ 1,637	$ 4,449	$ 2,997

Share-Based Compensation - Tran

Share-Based Compensation - Transactions Related to Stock Option Awards (Detail)	6 Months Ended
	Jul. 30, 2017$ / sharesshares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at January 29, 2017 | shares	833,499
Granted | shares	153,088
Exercised | shares	(13,427)
Forfeited | shares	(1,736)
Options outstanding at July 30, 2017 | shares	971,424
Options exercisable at July 30, 2017 | shares	239,735
Weighted Average Exercise Price
Options outstanding at January 29, 2017 | $ / shares	$ 26.93
Granted | $ / shares	59.67
Exercised | $ / shares	35
Forfeited | $ / shares	46.58
Options outstanding at July 30, 2017 | $ / shares	31.95
Options exercisable at July 30, 2017 | $ / shares	$ 34.68
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at January 29, 2017 | shares	1,225,053
Exercised | shares	(413,480)
Options outstanding at July 30, 2017 | shares	811,573
Options exercisable at July 30, 2017 | shares	739,242
Weighted Average Exercise Price
Options outstanding at January 29, 2017 | $ / shares	$ 5.35
Exercised | $ / shares	4.58
Options outstanding at July 30, 2017 | $ / shares	5.75
Options exercisable at July 30, 2017 | $ / shares	$ 5.47

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 25,940	$ 18,575
Unrecognized expense related to stock option plan	$ 3,179
Unrecognized compensation expense, weighted average years	1 year 7 months 6 days
Restricted Stock Units (RSU's) and Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, weighted average years	2 years 2 months 12 days
Unrecognized expense related to unvested restricted stock and RSUs	$ 6,096

Share-Based Compensation - Tr31

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]	6 Months Ended
	Jul. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, January 29, 2017 | shares	128,088
Restricted Stock Awards, Granted | shares	63,967
Restricted Stock Awards, Vested | shares	(9,093)
Restricted Stock Awards, Forfeited | shares	(2,301)
Restricted Stock Awards, July 30, 2017 | shares	180,661
Weighted Average Fair Value, January 29, 2017 | $ / shares	$ 37.19
Weighted Average Fair Value, Granted | $ / shares	59.67
Weighted Average Fair Value, Vested | $ / shares	40.30
Weighted Average Fair Value, Forfeited | $ / shares	55.74
Weighted Average Fair Value, July 30, 2017 | $ / shares	$ 44.76