Dave & Buster's Entertainment (PLAY) 10-Q 5 Dec 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 29, 2017	Nov. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 29, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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		40,694,355

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Current assets:
Cash and cash equivalents	$ 15,258	$ 20,083
Inventories	26,107	21,860
Prepaid expenses	18,221	15,828
Income taxes receivable	1,611	5,901
Other current assets	17,916	11,932
Total current assets	79,113	75,604
Property and equipment (net of $449,572 and $387,505 accumulated depreciation as of October 29, 2017 and January 29, 2017, respectively)	686,858	606,865
Deferred tax assets	3,926	2,446
Tradenames	79,000	79,000
Goodwill	272,600	272,629
Other assets and deferred charges	15,700	16,189
Total assets	1,137,197	1,052,733
Current liabilities:
Current installments of long-term debt	15,000	7,500
Accounts payable	62,444	55,278
Accrued liabilities	129,287	112,327
Income taxes payable	396	2,692
Total current liabilities	207,127	177,797
Deferred income taxes	12,978	14,497
Deferred occupancy costs	170,579	147,592
Other liabilities	21,023	16,767
Long-term debt, net	299,940	256,628
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 42,627,975 shares at October 29, 2017 and 42,469,570 shares at January 29, 2017; outstanding: 40,927,386 shares at October 29, 2017 and 42,204,587 shares at January 29, 2017	426	425
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	318,379	310,230
Treasury stock, 1,700,589 and 264,983 shares as of October 29, 2017 and January 29, 2017, respectively	(105,406)	(14,817)
Accumulated other comprehensive loss	(520)	(723)
Retained earnings	212,671	144,337
Total stockholders' equity	425,550	439,452
Total liabilities and stockholders' equity	$ 1,137,197	$ 1,052,733

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 449,572	$ 387,505
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	42,627,975	42,469,570
Common stock, shares outstanding	40,927,386	42,204,587
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	1,700,589	264,983

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Statement of Comprehensive Income [Abstract]
Food and beverage revenues	$ 107,690	$ 101,343	$ 356,190	$ 326,139
Amusement and other revenues	142,289	127,316	478,688	408,837
Total revenues	249,979	228,659	834,878	734,976
Cost of food and beverage	28,387	26,560	91,562	83,772
Cost of amusement and other	16,220	15,581	50,481	48,628
Total cost of products	44,607	42,141	142,043	132,400
Operating payroll and benefits	57,967	55,034	187,610	166,614
Other store operating expenses	82,766	71,888	247,663	214,487
General and administrative expenses	13,432	13,506	45,172	40,131
Depreciation and amortization expense	25,672	22,864	74,447	65,108
Pre-opening costs	5,609	4,553	14,626	10,390
Total operating costs	230,053	209,986	711,561	629,130
Operating income	19,926	18,673	123,317	105,846
Interest expense, net	2,156	1,578	6,073	5,573
Loss on debt refinancing	718		718
Income before provision for income taxes	17,052	17,095	116,526	100,273
Provision for income taxes	4,895	6,340	31,217	36,845
Net income	12,157	10,755	85,309	63,428
Unrealized foreign currency translation gain (loss)	(225)	(106)	203	180
Total comprehensive income	$ 11,932	$ 10,649	$ 85,512	$ 63,608
Net income per share:
Basic	$ 0.30	$ 0.26	$ 2.05	$ 1.52
Diluted	$ 0.29	$ 0.25	$ 1.99	$ 1.47
Weighted average shares used in per share calculations:
Basic	41,077,206	42,061,235	41,521,802	41,863,932
Diluted	42,250,611	43,327,812	42,888,659	43,234,767

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - 9 months ended Oct. 29, 2017 - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-In Capital [Member]	Treasury Stock at Cost [Member]	Accumulated Other Comprehensive Gain (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	85,309					85,309
Unrealized foreign currency translation gain (loss)	203				203
Share-based compensation	7,006		7,006
Cumulative effect of a change in accounting principle	782					782
Issuance of common stock	1,144	$ 1	1,143
Issuance of common stock, shares		158,405
Repurchase of common stock	$ (109,988)			$ (109,988)
Repurchase of common stock, shares	1,778,484			1,778,484
Issuance of treasury stock	$ 1,642			$ 19,399		(17,757)
Issuance of treasury stock, shares				(342,878)
Ending balance at Oct. 29, 2017	$ 425,550	$ 426	$ 318,379	$ (105,406)	$ (520)	$ 212,671
Ending balance, shares at Oct. 29, 2017		42,627,975		1,700,589

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016
Cash flows from operating activities:
Net income	$ 85,309	$ 63,428
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	74,447	65,108
Deferred taxes	(2,217)	4,445
Excess income tax benefit related to share-based compensation plans		(9,124)
Loss on debt refinancing	718
Loss on disposal of fixed assets	1,205	987
Share-based compensation	7,006	4,665
Other, net	1,034	1,261
Changes in assets and liabilities:
Inventories	(4,247)	(1,028)
Prepaid expenses	(2,393)	(2,284)
Income tax receivable	4,290	(3,284)
Other current assets	(6,647)	10,056
Other assets and deferred charges	(119)	1,194
Accounts payable	2,007	2,972
Accrued liabilities	17,088	10,855
Income taxes payable	(2,296)	9,059
Deferred occupancy costs	23,249	14,071
Other liabilities	2,629	2,169
Net cash provided by operating activities	201,063	174,550
Cash flows from investing activities:
Capital expenditures	(150,278)	(131,284)
Proceeds from sales of property and equipment	52	31
Collections of notes receivable	3,200	800
Net cash used in investing activities	(147,026)	(130,453)
Cash flows from financing activities:
Proceeds from debt	431,000	68,000
Payments of debt	(379,750)	(127,625)
Payment of debt issuance costs	(2,910)
Proceeds from the exercise of stock options	1,144	2,920
Proceeds from issuance of treasury stock	1,642	77
Repurchase of common stock	(109,988)	(7,364)
Excess income tax benefit related to share-based compensation plans		9,124
Net cash used in financing activities	(58,862)	(54,868)
Decrease in cash and cash equivalents	(4,825)	(10,771)
Beginning cash and cash equivalents	20,083	25,495
Ending cash and cash equivalents	15,258	14,724
Supplemental disclosures of cash flow information:
Increase in fixed asset accounts payable	5,159	18,978
Cash paid for income taxes, net	31,439	26,606
Cash paid for interest, net	$ 5,319	$ 5,083

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 29, 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 thirty-nine weeks ended October 29, 2017 are not necessarily indicative of results that may be expected for any other interim period or for the year ending February 4, 2018. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended January 29, 2017, included in our Annual Report on Form 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 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 Share repurchase program 10b5-1 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 thirty-nine weeks ended October 29, 2017, excess tax benefits of $1,285 and $11,419, respectively, were recognized as a benefit in the “Provision for Income Taxes” in the Consolidated Statement of Comprehensive Income and classified as a source in operating activities in the Consolidated Statement of Cash Flows. • The Company elected to prospectively adopt the effect on the statement of cash flows and accordingly, did not restate the Consolidated Statement of Cash Flows for the thirty-nine weeks ended October 30, 2016. 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	9 Months Ended
	Oct. 29, 2017
Text Block [Abstract]
Accrued Liabilities	Note 2: Accrued Liabilities Accrued liabilities consist of the following as of: October 29, 2017 January 29, 2017 Deferred amusement revenue $ 30,708 $ 28,305 Compensation and benefits 19,840 20,886 Amusement redemption liability 17,599 15,431 Rent 16,233 14,260 Property taxes 7,650 4,650 Customer deposits 5,804 3,003 Deferred gift card revenue 5,173 6,957 Current portion of long-term insurance 4,070 4,460 Sales and use taxes 3,376 3,872 Utilities 3,332 2,969 Inventory liabilities 4,070 2,659 Other (refer to Note 4) 11,432 4,875 Total accrued liabilities $ 129,287 $ 112,327

Debt

Debt	9 Months Ended
	Oct. 29, 2017
Debt Disclosure [Abstract]
Debt	Note 3: Debt Long-term debt consists of the following as of: October 29, 2017 January 29, 2017 Credit facility - term $ 300,000 $ 138,750 Credit facility - revolver 16,000 126,000 Total debt outstanding 316,000 264,750 Less: Current installments - term (15,000 ) (7,500 ) Debt issuance costs - term (1,060 ) (622 ) Long-term debt, net $ 299,940 $ 256,628 On August 17, 2017, we entered into a 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. The $500,000 revolving credit facility includes a $35,000 letter of credit sub-facility sub-facility. The majority of the proceeds of this senior secured credit facility were used to refinance in full the May 15, 2015 credit facility (of which $291,000 was outstanding) and to pay related interest and expenses. In connection with the new credit facility we incurred debt costs of $2,910, of which $397 was expensed as a loss on debt refinancing. The remaining debt costs incurred of $1,826 and $687 are included in Other assets and deferred charges and Long-term debt, net, respectively, in the Consolidated Balance Sheets. Total loss on debt refinancing, including the write off of a portion of unamortized debt costs, totaled $718 during the thirteen weeks ended October 29, 2017. The interest rates per annum applicable to loans, other than swing loans, under our existing credit facility are currently set based on a defined LIBOR rate plus an applicable margin. Swing 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 1.25% to 2.00% for the term loans and the revolving loans. The stated weighted average interest rate at October 29, 2017 was 2.49%. The year-to-date Our credit facility contains restrictive covenants that, among other things, place 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 October 29, 2017, we were in compliance with our restrictive covenants. Future debt obligations 2017 $ 3,750 2018 15,000 2019 15,000 2020 15,000 2021 15,000 2022 252,250 Total future payments $ 316,000 Interest expense, net Thirteen Weeks Thirteen Weeks Ended Ended October 29, 2017 October 30, 2016 Interest expense on credit facilities $ 2,252 $ 1,582 Amortization of issuance cost 195 168 Interest income (31 ) (58 ) Less: capitalized interest (250 ) (112 ) Change in fair value of interest rate cap (10 ) (2 ) Total interest expense, net $ 2,156 $ 1,578 Thirty-nine Weeks Thirty-nine Weeks Ended Ended October 29, 2017 October 30, 2016 Interest expense on credit facilities $ 5,959 $ 5,216 Amortization of issuance cost 528 506 Interest income (166 ) (184 ) Less: capitalized interest (507 ) (322 ) Change in fair value of interest rate cap 259 357 Total interest expense, net $ 6,073 $ 5,573 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

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 29, 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 October 29, 2017: 1 year or less $ 100,701 2 years 99,749 3 years 93,456 4 years 88,142 5 years 79,860 Thereafter 941,902 Total future payments $ 1,403,810 As of October 29, 2017, we have signed operating lease agreements for ten future sites which are expected to open in the last quarter of fiscal 2017 and early fiscal 2018. 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 October 29, 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	9 Months Ended
	Oct. 29, 2017
Earnings Per Share [Abstract]
Earnings per share	Note 5: Earnings per share Potential dilutive shares consist of the 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, calculated using the treasury-stock method. Potential dilutive shares are excluded from the computation of earnings per share (“EPS”) if their effect is anti-dilutive. Stock options for which the exercise price exceeds the average market price over the period are anti-dilutive and, accordingly, are excluded from the calculation. We excluded 188,229 anti-dilutive options from the calculation of common equivalent shares as of the thirteen and thirty-nine weeks ended October 29, 2017. 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 Thirteen Weeks Numerator: Net income $ 12,157 $ 10,755 Denominator: Weighted average number of common shares outstanding (basic) 41,077,206 42,061,235 Weighted average dilutive impact of equity-based awards 1,173,405 1,266,577 Weighted average number of common and common equivalent shares outstanding (diluted) 42,250,611 43,327,812 Net income per share: Basic $ 0.30 $ 0.26 Diluted $ 0.29 $ 0.25 (in thousands, except share and per share data) Thirty-nine October 29, 2017 Thirty-nine Numerator: Net income $ 85,309 $ 63,428 Denominator: Weighted average number of common shares outstanding (basic) 41,521,802 41,863,932 Weighted average dilutive impact of equity-based awards 1,366,857 1,370,835 Weighted average number of common and common equivalent shares outstanding (diluted) 42,888,659 43,234,767 Net income per share: Basic $ 2.05 $ 1.52 Diluted $ 1.99 $ 1.47

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 29, 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 Thirty-nine Weeks Ended October 29, 2017 October 30, 2016 October 29, 2017 October 30, 2016 Stock options $ 1,584 $ 1,088 $ 4,240 $ 3,138 RSU’s and restricted stock 973 580 2,766 1,527 Total share-based compensation expense $ 2,557 $ 1,668 $ 7,006 $ 4,665 Transactions related to stock option awards during the thirty-nine weeks ended October 29, 2017 were as follows: 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 190,379 57.74 — — Exercised (16,522 ) 34.81 (483,008 ) 4.58 Forfeited (4,631 ) 47.33 — — Outstanding at October 29, 2017 1,002,725 $ 32.56 742,045 $ 5.86 Exercisable at October 29, 2017 421,687 $ 26.48 688,249 $ 5.66 The total intrinsic value of options exercised during the thirty-nine weeks ended October 29, 2017 and October 30, 2016 was $29,235 and $23,186, respectively. The unrecognized expense related to our stock option plan totaled approximately $2,375 as of October 29, 2017 and will be expensed over a weighted average period of 1.7 years. Transactions related to time-based and performance-based RSU’s and restricted stock during the thirty-nine weeks ended October 29, 2017 were as follows: Weighted Average Shares Fair Value Outstanding at January 29, 2017 128,088 $ 37.19 Granted 70,357 58.78 Vested (10,485 ) 40.68 Forfeited (3,395 ) 51.65 Outstanding at October 29, 2017 184,565 $ 44.96 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 $5,338 as of October 29, 2017 and will be expensed over a weighted average period of 2.2 years.

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 29, 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 thirty-nine weeks ended October 29, 2017 are not necessarily indicative of results that may be expected for any other interim period or for the year ending February 4, 2018. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended January 29, 2017, included in our Annual Report on Form 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
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
Share repurchase program	Share repurchase program 10b5-1
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 thirty-nine weeks ended October 29, 2017, excess tax benefits of $1,285 and $11,419, respectively, were recognized as a benefit in the “Provision for Income Taxes” in the Consolidated Statement of Comprehensive Income and classified as a source in operating activities in the Consolidated Statement of Cash Flows. • The Company elected to prospectively adopt the effect on the statement of cash flows and accordingly, did not restate the Consolidated Statement of Cash Flows for the thirty-nine weeks ended October 30, 2016. 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)	9 Months Ended
	Oct. 29, 2017
Text Block [Abstract]
Accrued Liabilities	Accrued liabilities consist of the following as of: October 29, 2017 January 29, 2017 Deferred amusement revenue $ 30,708 $ 28,305 Compensation and benefits 19,840 20,886 Amusement redemption liability 17,599 15,431 Rent 16,233 14,260 Property taxes 7,650 4,650 Customer deposits 5,804 3,003 Deferred gift card revenue 5,173 6,957 Current portion of long-term insurance 4,070 4,460 Sales and use taxes 3,376 3,872 Utilities 3,332 2,969 Inventory liabilities 4,070 2,659 Other (refer to Note 4) 11,432 4,875 Total accrued liabilities $ 129,287 $ 112,327

Debt (Tables)

Debt (Tables)	9 Months Ended
	Oct. 29, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following as of: October 29, 2017 January 29, 2017 Credit facility - term $ 300,000 $ 138,750 Credit facility - revolver 16,000 126,000 Total debt outstanding 316,000 264,750 Less: Current installments - term (15,000 ) (7,500 ) Debt issuance costs - term (1,060 ) (622 ) Long-term debt, net $ 299,940 $ 256,628
Future Debt Payment Obligation	Future debt obligations 2017 $ 3,750 2018 15,000 2019 15,000 2020 15,000 2021 15,000 2022 252,250 Total future payments $ 316,000
Recorded Interest Expense, Net	Interest expense, net Thirteen Weeks Thirteen Weeks Ended Ended October 29, 2017 October 30, 2016 Interest expense on credit facilities $ 2,252 $ 1,582 Amortization of issuance cost 195 168 Interest income (31 ) (58 ) Less: capitalized interest (250 ) (112 ) Change in fair value of interest rate cap (10 ) (2 ) Total interest expense, net $ 2,156 $ 1,578 Thirty-nine Weeks Thirty-nine Weeks Ended Ended October 29, 2017 October 30, 2016 Interest expense on credit facilities $ 5,959 $ 5,216 Amortization of issuance cost 528 506 Interest income (166 ) (184 ) Less: capitalized interest (507 ) (322 ) Change in fair value of interest rate cap 259 357 Total interest expense, net $ 6,073 $ 5,573

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Oct. 29, 2017
Commitments and Contingencies Disclosure [Abstract]
Lease Commitments	The following table sets forth our lease commitments as of October 29, 2017: 1 year or less $ 100,701 2 years 99,749 3 years 93,456 4 years 88,142 5 years 79,860 Thereafter 941,902 Total future payments $ 1,403,810

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Oct. 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 periods indicated: (in thousands, except share and per share data) Thirteen Weeks Thirteen Weeks Numerator: Net income $ 12,157 $ 10,755 Denominator: Weighted average number of common shares outstanding (basic) 41,077,206 42,061,235 Weighted average dilutive impact of equity-based awards 1,173,405 1,266,577 Weighted average number of common and common equivalent shares outstanding (diluted) 42,250,611 43,327,812 Net income per share: Basic $ 0.30 $ 0.26 Diluted $ 0.29 $ 0.25 (in thousands, except share and per share data) Thirty-nine October 29, 2017 Thirty-nine Numerator: Net income $ 85,309 $ 63,428 Denominator: Weighted average number of common shares outstanding (basic) 41,521,802 41,863,932 Weighted average dilutive impact of equity-based awards 1,366,857 1,370,835 Weighted average number of common and common equivalent shares outstanding (diluted) 42,888,659 43,234,767 Net income per share: Basic $ 2.05 $ 1.52 Diluted $ 1.99 $ 1.47

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 29, 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 Thirty-nine Weeks Ended October 29, 2017 October 30, 2016 October 29, 2017 October 30, 2016 Stock options $ 1,584 $ 1,088 $ 4,240 $ 3,138 RSU’s and restricted stock 973 580 2,766 1,527 Total share-based compensation expense $ 2,557 $ 1,668 $ 7,006 $ 4,665
Transactions Related to Stock Options Awards	Transactions related to stock option awards during the thirty-nine weeks ended October 29, 2017 were as follows: 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 190,379 57.74 — — Exercised (16,522 ) 34.81 (483,008 ) 4.58 Forfeited (4,631 ) 47.33 — — Outstanding at October 29, 2017 1,002,725 $ 32.56 742,045 $ 5.86 Exercisable at October 29, 2017 421,687 $ 26.48 688,249 $ 5.66
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 thirty-nine weeks ended October 29, 2017 were as follows: Weighted Average Shares Fair Value Outstanding at January 29, 2017 128,088 $ 37.19 Granted 70,357 58.78 Vested (10,485 ) 40.68 Forfeited (3,395 ) 51.65 Outstanding at October 29, 2017 184,565 $ 44.96

Summary of Significant Accoun19

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Oct. 29, 2017USD ($)StatesStoresProvince$ / sharesshares	Apr. 30, 2017USD ($)	Oct. 29, 2017USD ($)StatesStoresProvinceSegment$ / sharesshares	Oct. 30, 2016USD ($)	Sep. 07, 2017USD ($)	Jan. 29, 2017USD ($)
Summary Of Significant Accounting Policy [Line Items]
Number of stores | Stores	101		101
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	$ 9,761,000		$ 9,761,000			$ 10,065,000
Construction allowance receivables	$ 8,685,000		8,685,000			$ 7,021,000
Excess income tax benefit related to stock-based compensation plans			11,419,000	$ 0
Long lived asset impairment loss			$ 0
Repurchase of common stock, shares | shares	240,342		1,778,484
Share repurchase program authorized amount	$ 300,000,000		$ 300,000,000		$ 100,000,000
Repurchase of common stock, price per shares | $ / shares	$ 48.69		$ 61.84
Share repurchase program remaining authorized amount	$ 161,188,000		$ 161,188,000
Un-recognized deferred tax assets		$ 782,000	782,000
Estimated undiscounted future minimum lease commitments	$ 1,403,810,000		$ 1,403,810,000
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	$ 1,285,000		$ 11,419,000

Accrued Liabilities - Accrued L

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Accrued Liabilities, Current [Abstract]
Deferred amusement revenue	$ 30,708	$ 28,305
Compensation and benefits	19,840	20,886
Amusement redemption liability	17,599	15,431
Rent	16,233	14,260
Property taxes	7,650	4,650
Customer deposits	5,804	3,003
Deferred gift card revenue	5,173	6,957
Current portion of long-term insurance	4,070	4,460
Sales and use taxes	3,376	3,872
Utilities	3,332	2,969
Inventory liabilities	4,070	2,659
Other (refer to Note 4)	11,432	4,875
Total accrued liabilities	$ 129,287	$ 112,327

Debt - Long-Term Debt (Detail)

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Debt Instrument [Line Items]
Total debt outstanding	$ 316,000	$ 264,750
Current installments - term	(15,000)	(7,500)
Long-term debt, net	299,940	256,628
Credit Facility-Term [Member]
Debt Instrument [Line Items]
Total debt outstanding	300,000	138,750
Current installments - term	(15,000)	(7,500)
Debt issuance costs - term	(1,060)	(622)
Credit Facility-Revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 16,000	$ 126,000

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Aug. 17, 2017	Oct. 31, 2015	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Debt Instrument [Line Items]
Loss on debt refinancing			$ 718,000		$ 718,000
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 $38 at October 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. For the thirteen and thirty-nine weeks ending October 29, 2017, interest expense(income) includes $(10) and $259 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			38,000		$ 38,000
Change in fair value of interest rate cap			(10,000)	$ (2,000)	$ 259,000	$ 357,000
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate					1.25%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate					2.00%
Credit Facility [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
Revolving credit facility, letter of credit sub-facility maximum borrowing capacity	$ 35,000,000
Revolving credit facility, swingline sub-facility maximum borrowing capacity	15,000,000
Term loan repayment of principal	$ 3,750,000
Frequency of periodic payment	Quarterly
Letter of credit facility outstanding			4,971,000		$ 4,971,000
Borrowing available			$ 479,029,000		$ 479,029,000
Credit facility outstanding	$ 291,000,000
Weighted average interest rate on the Credit Facility			2.49%		2.49%
Weighted average effective interest			3.06%		3.06%
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 1.25% to 2.00% for the term loans and the revolving loans.
Debt Instrument, covenant compliance					Our credit facility contains restrictive covenants that, among other things, place 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 October 29, 2017, we were in compliance with our restrictive covenants.
New Credit Facility [Member]
Debt Instrument [Line Items]
Debt issuance costs			$ 2,910,000		$ 2,910,000
Loss on debt refinancing					397,000
Loss on debt refinancing			718,000
New Credit Facility [Member] | Credit Facility-Revolver [Member]
Debt Instrument [Line Items]
Debt issuance costs			1,826,000		1,826,000
New Credit Facility [Member] | Credit Facility-Term [Member]
Debt Instrument [Line Items]
Debt issuance costs			$ 687,000		$ 687,000

Debt - Future Debt Payment Obli

Debt - Future Debt Payment Obligation (Detail) - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Debt Disclosure [Abstract]
2,017	$ 3,750
2,018	15,000
2,019	15,000
2,020	15,000
2,021	15,000
2,022	252,250
Total debt outstanding	$ 316,000	$ 264,750

Debt - Recorded Interest Expens

Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Debt Disclosure [Abstract]
Interest expense on credit facilities	$ 2,252	$ 1,582	$ 5,959	$ 5,216
Amortization of issuance cost	195	168	528	506
Interest income	(31)	(58)	(166)	(184)
Less: capitalized interest	(250)	(112)	(507)	(322)
Change in fair value of interest rate cap	(10)	(2)	259	357
Total interest expense, net	$ 2,156	$ 1,578	$ 6,073	$ 5,573

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Oct. 29, 2017USD ($)Lease_Agreement	Jul. 30, 2017USD ($)	Oct. 29, 2017Lease_Agreementsite
Commitments and Contingencies Disclosure [Abstract]
Litigation charge	$ 0	$ 2,550,000
Legal gross settlement cost		7,500,000
Insurance recoveries		$ 4,950,000
Lease commitments for future sites | site			10
Number of additional operating lease agreements signed | Lease_Agreement	19		19

Commitments and Contingencies26

Commitments and Contingencies - Lease Commitments (Detail) $ in Thousands	Oct. 29, 2017USD ($)
Leases [Abstract]
1 year or less	$ 100,701
2 years	99,749
3 years	93,456
4 years	88,142
5 years	79,860
Thereafter	941,902
Total future payments	$ 1,403,810

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended	9 Months Ended
	Oct. 29, 2017	Oct. 29, 2017
Earnings Per Share [Abstract]
Anti-dilutive options excluded from calculation of common equivalent shares	188,229	188,229

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		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Numerator:
Net income	$ 12,157	$ 10,755	$ 85,309	$ 63,428
Denominator:
Weighted average number of common shares outstanding (basic)	41,077,206	42,061,235	41,521,802	41,863,932
Weighted average dilutive impact of equity-based awards	1,173,405	1,266,577	1,366,857	1,370,835
Weighted average number of common and common equivalent shares outstanding (diluted)	42,250,611	43,327,812	42,888,659	43,234,767
Net income per share:
Basic	$ 0.30	$ 0.26	$ 2.05	$ 1.52
Diluted	$ 0.29	$ 0.25	$ 1.99	$ 1.47

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Share-based Compensation [Abstract]
Stock options	$ 1,584	$ 1,088	$ 4,240	$ 3,138
RSU's and restricted stock	973	580	2,766	1,527
Total share-based compensation expense	$ 2,557	$ 1,668	$ 7,006	$ 4,665

Share-Based Compensation - Tran

Share-Based Compensation - Transactions Related to Stock Option Awards (Detail)	9 Months Ended
	Oct. 29, 2017$ / sharesshares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at January 29, 2017 | shares	833,499
Granted | shares	190,379
Exercised | shares	(16,522)
Forfeited | shares	(4,631)
Options outstanding at October 29, 2017 | shares	1,002,725
Options exercisable at October 29, 2017 | shares	421,687
Weighted Average Exercise Price
Options outstanding at January 29, 2017 | $ / shares	$ 26.93
Granted | $ / shares	57.74
Exercised | $ / shares	34.81
Forfeited | $ / shares	47.33
Options outstanding at October 29, 2017 | $ / shares	32.56
Options exercisable at October 29, 2017 | $ / shares	$ 26.48
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at January 29, 2017 | shares	1,225,053
Exercised | shares	(483,008)
Options outstanding at October 29, 2017 | shares	742,045
Options exercisable at October 29, 2017 | shares	688,249
Weighted Average Exercise Price
Options outstanding at January 29, 2017 | $ / shares	$ 5.35
Exercised | $ / shares	4.58
Options outstanding at October 29, 2017 | $ / shares	5.86
Options exercisable at October 29, 2017 | $ / shares	$ 5.66

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 29,235	$ 23,186
Unrecognized expense related to stock option plan	$ 2,375
Unrecognized compensation expense, weighted average years	1 year 8 months 12 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	$ 5,338

Share-Based Compensation - Tr32

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]	9 Months Ended
	Oct. 29, 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	70,357
Restricted Stock Awards, Vested | shares	(10,485)
Restricted Stock Awards, Forfeited | shares	(3,395)
Restricted Stock Awards, October 29, 2017 | shares	184,565
Weighted Average Fair Value, January 29, 2017 | $ / shares	$ 37.19
Weighted Average Fair Value, Granted | $ / shares	58.78
Weighted Average Fair Value, Vested | $ / shares	40.68
Weighted Average Fair Value, Forfeited | $ / shares	51.65
Weighted Average Fair Value, October 29, 2017 | $ / shares	$ 44.96