Dave & Buster's Entertainment (PLAY) 10-Q 11 Jun 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	May 03, 2020	Jun. 04, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 3, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Entity Registrant Name	Dave & Buster’s Entertainment, Inc.
Entity Central Index Key	0001525769
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--02-02
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	001-35664
Entity Incorporation, State or Country Code	DE
Entity Common Stock, Shares Outstanding		47,452,732
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Address, Address Line One	2481 Mañana Drive
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
City Area Code	214
Entity Address, Postal Zip Code	75220
Local Phone Number	357-9588
Entity Tax Identification Number	35-2382255
Entity Shell Company	false
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	PLAY
Title of 12(b) Security	Common Stock $0.01 par value
Security Exchange Name	NASDAQ
Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	PLAY
Title of 12(b) Security	Preferred Stock Purchase Rights
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Current assets:
Cash and cash equivalents	$ 156,833	$ 24,655
Inventories	34,726	34,477
Prepaid expenses	13,018	14,269
Income taxes receivable	23,241	2,331
Other current assets	1,974	3,245
Total current assets	229,792	78,977
Property and equipment (net of $706,468 and $686,824 accumulated depreciation as of May 3, 2020 and February 2, 2020, respectively)	905,577	900,637
Operating lease right of use assets	1,045,598	1,011,568
Deferred tax assets	11,136	7,639
Tradenames	79,000	79,000
Goodwill	272,702	272,636
Other assets and deferred charges	19,546	19,682
Total assets	2,563,351	2,370,139
Current liabilities:
Current installments of long-term debt	15,000	15,000
Accounts payable	79,083	65,359
Accrued liabilities	221,405	207,452
Income taxes payable	1,207	3,054
Total current liabilities	316,695	290,865
Deferred income taxes	19,847	19,102
Operating lease liabilities	1,259,687	1,222,054
Other liabilities	39,226	35,779
Long-term debt, net	735,261	632,689
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.01; authorized: 400,000,000 shares; issued: 49,578,351 shares at May 3, 2020 and 43,386,852 shares at February 2, 2020; outstanding: 36,791,727 shares at May 3, 2020 and 30,603,340 shares at February 2, 2020	496	434
Preferred stock, 50,000,000 authorized; none issued
Paid-in capital	411,048	339,161
Treasury stock, 12,786,624 and 12,783,512 shares as of May 3, 2020 and February 2, 2020, respectively	(595,077)	(595,041)
Accumulated other comprehensive loss	(13,753)	(8,369)
Retained earnings	389,921	433,465
Total stockholders' equity	192,635	169,650
Total liabilities and stockholders' equity	$ 2,563,351	$ 2,370,139

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 706,468	$ 686,824
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	49,578,351	43,386,852
Common stock, shares outstanding	36,791,727	30,603,340
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Treasury stock, shares	12,786,624	12,783,512

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Total revenues	$ 159,806	$ 363,582
Total cost of products	28,072	61,725
Operating payroll and benefits	43,737	82,873
Other store operating expenses	95,672	106,245
General and administrative expenses	14,563	16,846
Depreciation and amortization expense	35,352	31,141
Pre-opening costs	3,823	7,002
Total operating costs	221,219	305,832
Operating income (loss)	(61,413)	57,750
Interest expense, net	6,115	4,056
Income (loss) before provision (benefit) for income taxes	(67,528)	53,694
Provision (benefit) for income taxes	(23,984)	11,251
Net income (loss)	(43,544)	42,443
Unrealized foreign currency translation loss	(435)	(191)
Unrealized loss of derivatives, net of tax	(4,949)	(2,534)
Total other comprehensive loss	(5,384)	(2,725)
Total comprehensive income (loss)	$ (48,928)	$ 39,718
Net income (loss) per share:
Basic	$ (1.37)	$ 1.15
Diluted	$ (1.37)	$ 1.13
Weighted average shares used in per share calculations:
Basic	31,829,985	36,827,665
Diluted	31,829,985	37,591,944
Amusement and Other Revenues [Member]
Total revenues	$ 95,886	$ 215,361
Cost of amusement and other	10,728	22,971
Food and Beverage [Member]
Total revenues	63,920	148,221
Cost of food and beverage	$ 17,344	$ 38,754

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - 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 Feb. 03, 2019	$ 387,837	$ 432	$ 331,255	$ (297,129)	$ (683)	$ 353,962
Beginning balance, shares at Feb. 03, 2019		43,177,476		5,655,391
Cumulative effect of a change in accounting principle, net of tax	(145)					(145)
Net income (loss)	42,443					42,443
Unrealized foreign currency translation loss	(191)				(191)
Unrealized loss of derivatives, net of tax	(2,534)				(2,534)
Share-based compensation	1,825		1,825
Issuance of common stock	436	$ 1	435
Issuance of common stock, shares		145,573
Repurchase of common stock	(64,057)			$ (64,057)
Repurchase of common stock, shares				1,302,900
Dividends declared	(5,489)					(5,489)
Ending balance at May. 05, 2019	360,125	$ 433	333,515	$ (361,186)	(3,408)	390,771
Ending balance, shares at May. 05, 2019		43,323,049		6,958,291
Beginning balance at Feb. 02, 2020	169,650	$ 434	339,161	$ (595,041)	(8,369)	433,465
Beginning balance, shares at Feb. 02, 2020		43,386,852		12,783,512
Net income (loss)	(43,544)					(43,544)
Unrealized foreign currency translation loss	(435)				(435)
Unrealized loss of derivatives, net of tax	(4,949)				(4,949)
Share-based compensation	(389)		(389)
Issuance of common stock	72,338	$ 62	72,276
Issuance of common stock, shares		6,191,499
Repurchase of common stock	(36)			$ (36)
Repurchase of common stock, shares				3,112
Ending balance at May. 03, 2020	$ 192,635	$ 496	$ 411,048	$ (595,077)	$ (13,753)	$ 389,921
Ending balance, shares at May. 03, 2020		49,578,351		12,786,624

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical)	3 Months Ended
	May 05, 2019$ / shares
Statement of Stockholders' Equity [Abstract]
Dividends declared per share	$ 0.15

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Cash flows from operating activities:
Net income (loss)	$ (43,544)	$ 42,443
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	35,352	31,141
Non-cash interest expense	314
Impairment of long-lived assets	11,549
Deferred taxes	(892)	1,511
Loss on disposal of fixed assets	153	420
Share-based compensation	(389)	1,825
Other, net	(156)	185
Changes in assets and liabilities:
Inventories	(249)	(2,294)
Prepaid expenses	1,828	(2,036)
Income tax receivable	(20,910)	786
Other current assets	1,271	827
Other assets and deferred charges	(110)	33
Accounts payable	21,441	(5,727)
Accrued liabilities	11,647	9,218
Income taxes payable	(1,847)	7,884
Other liabilities	1,359	(476)
Net cash provided by operating activities	16,817	85,740
Cash flows from investing activities:
Capital expenditures	(55,168)	(67,247)
Proceeds from sales of property and equipment	18	135
Net cash used in investing activities	(55,150)	(67,112)
Cash flows from financing activities:
Proceeds from debt	138,000	81,000
Payments of debt	(34,750)	(31,750)
Net proceeds from the issuance of common stock	72,144
Proceeds from the exercise of stock options	44	436
Repurchase of common stock under share repurchase program	0	(63,471)
Dividends paid	(4,891)	(5,489)
Repurchases of common stock to satisfy employee withholding tax obligations	(36)	(586)
Net cash provided by (used in) financing activities	170,511	(19,860)
Increase (decrease) in cash and cash equivalents	132,178	(1,232)
Beginning cash and cash equivalents	24,655	21,585
Ending cash and cash equivalents	156,833	20,353
Supplemental disclosures of cash flow information:
Decrease in fixed asset accounts payable	(7,717)	(5,838)
Cash paid (refund received) for income taxes, net	(357)	1,068
Cash paid for interest, net	$ 5,574	$ 3,743

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	May 03, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies The accompanying unaudited consolidated financial statements include the accounts of Dave & Buster’s Entertainment, Inc. (referred to herein as the “Company”, “we,” “us” and “our”), any predecessor companies and its wholly-owned subsidiaries, Dave & Buster’s Holdings, Inc. (“D&B Holdings”), which owns 100% of the outstanding common stock of Dave & Busters, Inc. (“D&B Inc”), the operating company. All intercompany balances and transactions have been eliminated in consolidation. The Company, headquartered in Dallas, Texas, is a leading operator of high-volume entertainment and dining venues (“stores”) in North America for adults and families under the name “Dave & Buster’s”. The Company operates its business as one operating and one reportable segment. As of May 3, 2020, we owned and operated 137 stores located in 39 states, Puerto Rico and one Canadian province. During the first quarter of fiscal 2020, we opened one store in Chattanooga, Tennessee, on March 16, 2020. The Company operates on a 52 or 53-week 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 the information and notes 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. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended February 2, 2020, included in our Annual Report on Form 10-K Going concern COVID-19 pandemic. The extent of impact of these conditions will be based in part on the duration of the store closures or re-opening re-engaging off-premises June 4, 2020 states. Our remaining stores are closed. The Company is unable to determine whether, when or the manner in which the conditions surrounding the COVID-19 re-imposed re-engage The Company has taken several immediate steps to reduce operating costs and to conserve cash. The Company furloughed nearly all of its workforce, except a small team of essential personnel and reduced pay and benefits for the remaining employees. On March 18, 2020, the Company borrowed substantially all the remaining availability under its revolving credit facility, and the Company continues to actively manage its daily cash flows. Additionally, the Company is in ongoing discussions with landlords and other vendors to discuss relief from cash payments during this period, which have been moderately successful to date. On April 14, 2020, the Company sold $75,000 of our common stock, and subsequent to the end of our first quarter, the Company sold an additional $110,600 of our common stock. Effective April 14, 2020, the Company negotiated an amendment to its existing credit facility, which included relief from compliance with financial covenants for the periods ended May 3, 2020, August 2, 2020 and November 1, 2020. During the financial covenant suspension period, the Company is required to maintain a minimum liquidity amount of $30,000. If the Company is Although the lenders under the existing credit facility may waive the default or forebear the exercise of remedies, they are not obligated to do so. Failure to obtain additional waivers would have a material adverse effect on the Company’s liquidity, financial condition and results of operations and may result in filing a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code to implement a restructuring plan. The consolidated financial statements have been prepared assuming the Company will continue as a going concern. The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities at the date of the consolidated financial statements and for the period then ended. Actual results could differ from those estimates. Operating results for the thirteen weeks ended May 3, 2020 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending January 31, 2021. Cash and cash equivalents Fair value of financial instruments The carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, and other current liabilities approximate fair value because of their short-term nature. We believe that the carrying amount of our credit facility approximates its fair value because the interest rates reflect 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 fair value of the Company’s interest rate swap is determined based upon Level Two inputs which includes valuation models as reported by our counterparties. These valuation models are based on the present value of expected cash flows using forward rate curves. Non-financial right-of-use The disruption in operations and reduction in revenues COVID-19 COVID-19 COVID-19 To preserve cash flow, we have halted or delayed construction on 7 store locations under operating leases for which we have taken possession. Additionally, the Company has begun discussions to terminate or delay possession on several executed lease contracts that have not yet commenced. The Company is also curtailing several potential new store projects that were in the early stage of development. During the thirteen weeks ended May 3, 2020, we recorded an impairment loss and related contract termination costs of $4,803 related to these abandoned projects, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss). Interest rate swaps one-month The Company initially designated its interest rate swap agreements as a cash flow hedge and accounted for the underlying activity in accordance with hedge accounting. Effective April 14, 2020, the Company amended its existing credit facility agreement to obtain relief from its financial covenants, and as a result, the variable interest rate terms were modified to create an interest rate floor of 1.00%. Accordingly, and as a result of the current forward interest rate curve, the Company discontinued the hedging relationship as of April 14, 2020 (de-designation pre-tax de-designation, in earnings in the period in which the change occurs. For the thirteen weeks ended May 3, 2020, a loss of $820 was recognized, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss). Prior to the de-designation, Credit risk related to the failure of the our counterparties to perform under the terms of the swap agreements is minimized by entering into transactions with carefully selected, credit-worthy parties and the fact that the swap contracts are distributed among several financial institutions to reduce the concentration of credit risk. Our swap agreements with our derivative counterparties contain a provision where if the Company defaults on any of its indebtedness, and repayment of the indebtedness has been accelerated, the Company could also be declared in default on its derivative obligations. The following derivative instruments were outstanding as of the end of the periods indicated: Fair Value Balance S May 3, 2020 February 2, 2020 Interest rate swaps Accrued liabilities $ (7,920 ) $ (3,518 ) Interest rate swaps Other liabilities (10,016 ) (6,967 ) Total derivatives (1) $ (17,936 ) $ (10,485 ) (1) The balance at May 3, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020. The following table summarizes the activity in accumulated other comprehensive loss related to our derivative instruments: Thirteen Thirteen Amount of loss recorded in accumulated other comprehensive income $ 7,603 $ 3,487 Amount of loss (gain) reclassified into income (1) $ 793 $ — Income tax benefit of interest rate swaps in accumulated other comprehensive loss $ (1,860 ) $ (953 ) (1) Amounts reclassified into income are included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income (Loss). In jurisdictions where we do not have a legal obligation to remit unredeemed balances Stockholders’ equity indefinitely In our consolidated financial statements, the Company treats shares withheld for tax purposes on behalf of our employees in connection with the vesting of time-based and performance restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. During the thirteen weeks ended May 3, 2020 and May 5, 2019, we withheld 3,112 and 11,336 shares of common stock to satisfy $36 and $586 of employees’ tax obligations, respectively. The share repurchase activity in the first quarter of fiscal year 2020 re lates to Effective March 18, 2020, the Board of Directors of the Company adopted a 364-day one-ten On April 14, 2020, pursuant to an open market sale agreement, the Company sold 6,149,936 shares of its common stock at a price of $12.20 per share, for proceeds of $75,000, prior to deducting offering expenses related to the offering. Subsequent to the end of our first quarter, on May 4, 2020, the Company entered into an underwriting agreement, pursuant to which it sold 9,578,545 shares of its common stock at a price of $10.44 per share. On May 18, 2020, the underwriter exercised its over-allotment option for an additional 1,014,871 shares at $10.44 per share. During the second quarter of fiscal 2020, the Company received proceeds of approximately $110,600 prior to deducting offering expenses related to the offering, including the over-allotment option. Recently adopted accounting guidance Financial 2016-13 , Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, In January 2017, the FASB issued ASU 2017-04 , Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement Recent accounting pronouncements 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Reform on Financial Reporting de-designation

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	May 03, 2020
Other Liabilities Disclosure [Abstract]
Accrued Liabilities	Note 2: Accrued Liabilities Accrued liabilities consist of the following as of the end of each period: May 3, 2020 February 2, 2020 Deferred amusement revenue $ 78,409 $ 75,113 Current portion of operating lease liabilities, net (1) 59,732 45,611 Deferred gift card revenue 10,796 11,253 Rent payable (note 4) 10,701 — Compensation and benefits 9,331 23,421 Property taxes 8,572 7,226 Current portion of derivatives 7,920 3,518 Current portion of long-term insurance 6,500 6,500 Utilities 4,767 4,442 Customer deposits 3,117 4,324 Inventory liabilities 1,937 2,179 Variable rent liabilities 535 1,331 Sales and use taxes 343 4,000 Dividend payable — 4,891 Other 18,745 13,643 Total accrued liabilities $ 221,405 $ 207,452 (1) The balance of leasehold incentive receivables of $ 3,000

Debt

Debt	3 Months Ended
	May 03, 2020
Debt Disclosure [Abstract]
Debt	Note 3: Debt Long-term debt consists of the following as of: May 3, 2020 February 2, 2020 Credit facility—term $ 262,500 $ 266,250 Credit facility—revolver 489,000 382,000 Total debt outstanding 751,500 648,250 Less: Current installments—term (15,000 ) (15,000 ) Debt issuance costs—term (1,239 ) (561 ) Long-term debt, net $ 735,261 $ 632,689 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 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 one-month 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. Effective April 14, 2020, we amended our existing credit facility, which included relief from compliance with financial covenants for the quarterly periods ended May 3, 2020, August 2, 2020 and November 1, 2020. During the financial covenant suspension period, a $ liquidity covenant was added as well as certain additional reporting requirements. The interest rate increased to LIBOR plus 2.00% with a LIBOR floor of 1.00%. As of May 3, 2020, and May 5, 2019, the Company’s weighted average interest rate on outstanding borrowings was % and %, respectively. In connection with the amendment, we incurred debt costs of $2,000, which are being amortized Interest expense, net Thirteen Weeks Thirteen Weeks Ended Ended May 3, 2020 May 5, 2019 Interest expense on credit facilities $ 6,092 $ 4,180 Amortization of issuance cost 242 198 Interest income (22 ) (26 ) Capitalized interest (197 ) (296 ) Total interest expense, net $ 6,115 $ 4,056

Leases

Leases	3 Months Ended
	May 03, 2020
Leases
Leases	Note 4: Leases We currently lease the building or site for our stores, corporate office and warehouse space under facility operating leases. These leases typically have initial terms ranging from ten to twenty years and include one or more options to renew. When determining the lease term, we include option periods for which renewal is reasonably certain. Most of the leases require us to pay property taxes, insurance and maintenance of the leased assets. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Operating leases also includes certain equipment leases that have a term in excess of one year. Certain facility leases also have provisions for additional contingent rentals based on revenues. Operating lease cost, variable lease cost and short-term lease cost related primarily to our facilities is included in “Other store operating expenses” for our operating stores, “Pre-opening The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and property taxes, are as follows for the fiscal year ended: May 3, 2020 May 5, 2019 Operating lease cost $ 33,563 $ 29,792 Variable lease cost 7,366 1,218 Short-term lease cost 87 101 Total lease cost $ 41,016 $ 31,111 As a result of the COVID-19 Company COVID-19 COVID-19

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	May 03, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5: 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, slip-and-fall The Company is currently a defendant in several lawsuits filed in courts in California alleging violations of California Business and Professions Code, industry wage orders, wage-and-hour

Earnings per share

Earnings per share	3 Months Ended
	May 03, 2020
Earnings Per Share [Abstract]
Earnings per share	Note 6: 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. The weighted average anti-dilutive options excluded from the calculation of common equivalent shares were 51,772 in the thirteen weeks ended May 5, 2019. The following table sets forth the computation of EPS, basic and diluted for the periods indicated: Thirteen Weeks Thirteen Weeks Ended Ended May 3, 2020 May 5, 2019 Numerator: Net income (loss) $ (43,544 ) $ 42,443 Denominator: Weighted average number of common shares outstanding (basic) 31,829,985 36,827,665 Weighted average dilutive impact of equity-based awards (1) — 764,279 Weighted average number of common and common equivalent 31,829,985 37,591,944 Net income (loss) Basic $ (1.37 ) $ 1.15 Diluted $ (1.37 ) $ 1.13 (1) Due to a net loss for the thirteen weeks ended May 3, 2020, zero incremental shares are included because the effect would be anti-dilutive.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	May 03, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Note 7: Share-Based Compensation Compensation expense related to stock options, time-based and performance-based RSU’s are included in general and administrative expenses and were as follows: Thirteen Weeks Ended May 3, May 5, Stock options $ 540 759 RSU’s and restricted stock (929 ) 1,066 Total share-based compensation expense $ (389 ) $ 1,825 Transactions related to stock option awards during the thirteen weeks ended May 3, 2020 were as follows: 2014 Stock Incentive Plan 2010 Stock Incentive Plan Number Weighted Number Weighted Outstanding at February 2, 2020 1,323,495 $ 36.97 266,900 $ 6.72 Granted — — — — Exercised — — (9,244 ) 4.74 Forfeited (17,620 ) 49.21 — — Outstanding at May 3, 2020 1,305,875 $ 36.80 257,656 $ 6.79 Exercisable at May 3, 2020 1,097,556 $ 34.47 257,656 $ 6.79 The total intrinsic value of options exercised during the thirteen weeks ended May 3, 2020 was $200. The unrecognized expense related to our stock option plan totaled approximately $1,449 as of May 3, 2020 and will be expensed over a weighted average period of 1.7 years. Transactions related to time-based and performance-based RSU’s during the thirteen weeks ended May 3, 2020, were as follows: Shares Weighted Outstanding at February 2, 2020 216,815 $ 51.58 Granted 72,593 12.85 Vested (19,344 ) 51.68 Forfeited (18,455 ) 47.45 Outstanding at May 3, 2020 251,609 $ 40.70 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 was $2,984 as of May 3, 2020 and will be expensed over a weighted average period of 1.7 years. During the thirteen weeks ended May 3, 2020 and May 5, 2019, excess tax expense (benefit) of $140 and ($788), respectively, were recognized as a expense (benefit) in the “Provision (benefit) for income taxes” in the Consolidated Statement of Comprehensive Income (Loss) and classified as a source in operating activities in the Consolidated Statement of Cash Flows. Forfeitures are estimated at the time of grant and adjusted if necessary, in subsequent periods, if actual forfeitures differ from those estimates. The forfeiture rate is based on historical experience. Subsequent to the end of the first quarter of fiscal 2020, we granted 523,117 time-based RSU’s at a weighted average fair value of $10.81, and we granted 378,416 market stock units (MSU’s) at a weighted average fair value of $15.30.

Income Taxes

Income Taxes	3 Months Ended
	May 03, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 8: Income Taxes On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). Intended to provide economic relief to those impacted by the COVID-19 The Company has historically calculated the provision for income taxes during interim reporting periods by applying an estimate of the annualized effective tax rate for the full fiscal year to “ordinary” income or loss for the reporting period. Due to the uncertainty created by the events surrounding the COVID-19

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	May 03, 2020
Accounting Policies [Abstract]
Description of the business	The accompanying unaudited consolidated financial statements include the accounts of Dave & Buster’s Entertainment, Inc. (referred to herein as the “Company”, “we,” “us” and “our”), any predecessor companies and its wholly-owned subsidiaries, Dave & Buster’s Holdings, Inc. (“D&B Holdings”), which owns 100% of the outstanding common stock of Dave & Busters, Inc. (“D&B Inc”), the operating company. All intercompany balances and transactions have been eliminated in consolidation. The Company, headquartered in Dallas, Texas, is a leading operator of high-volume entertainment and dining venues (“stores”) in North America for adults and families under the name “Dave & Buster’s”. The Company operates its business as one operating and one reportable segment. As of May 3, 2020, we owned and operated 137 stores located in 39 states, Puerto Rico and one Canadian province. During the first quarter of fiscal 2020, we opened one store in Chattanooga, Tennessee, on March 16, 2020. The Company operates on a 52 or 53-week 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 the information and notes 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. Our quarterly financial data should be read in conjunction with the audited financial statements and notes thereto for the year ended February 2, 2020, included in our Annual Report on Form 10-K
Going Concern	Going concern COVID-19 pandemic. The extent of impact of these conditions will be based in part on the duration of the store closures or re-opening re-engaging off-premises June 4, 2020 states. Our remaining stores are closed. The Company is unable to determine whether, when or the manner in which the conditions surrounding the COVID-19 re-imposed re-engage The Company has taken several immediate steps to reduce operating costs and to conserve cash. The Company furloughed nearly all of its workforce, except a small team of essential personnel and reduced pay and benefits for the remaining employees. On March 18, 2020, the Company borrowed substantially all the remaining availability under its revolving credit facility, and the Company continues to actively manage its daily cash flows. Additionally, the Company is in ongoing discussions with landlords and other vendors to discuss relief from cash payments during this period, which have been moderately successful to date. On April 14, 2020, the Company sold $75,000 of our common stock, and subsequent to the end of our first quarter, the Company sold an additional $110,600 of our common stock. Effective April 14, 2020, the Company negotiated an amendment to its existing credit facility, which included relief from compliance with financial covenants for the periods ended May 3, 2020, August 2, 2020 and November 1, 2020. During the financial covenant suspension period, the Company is required to maintain a minimum liquidity amount of $30,000. If the Company is Although the lenders under the existing credit facility may waive the default or forebear the exercise of remedies, they are not obligated to do so. Failure to obtain additional waivers would have a material adverse effect on the Company’s liquidity, financial condition and results of operations and may result in filing a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code to implement a restructuring plan. The consolidated financial statements have been prepared assuming the Company will continue as a going concern. The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities at the date of the consolidated financial statements and for the period then ended. Actual results could differ from those estimates. Operating results for the thirteen weeks ended May 3, 2020 are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending January 31, 2021.
Cash and cash equivalents	Cash and cash equivalents
Fair value of financial instruments	Fair value of financial instruments The carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, and other current liabilities approximate fair value because of their short-term nature. We believe that the carrying amount of our credit facility approximates its fair value because the interest rates reflect 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 fair value of the Company’s interest rate swap is determined based upon Level Two inputs which includes valuation models as reported by our counterparties. These valuation models are based on the present value of expected cash flows using forward rate curves. Non-financial right-of-use The disruption in operations and reduction in revenues COVID-19 COVID-19 COVID-19 To preserve cash flow, we have halted or delayed construction on 7 store locations under operating leases for which we have taken possession. Additionally, the Company has begun discussions to terminate or delay possession on several executed lease contracts that have not yet commenced. The Company is also curtailing several potential new store projects that were in the early stage of development. During the thirteen weeks ended May 3, 2020, we recorded an impairment loss and related contract termination costs of $4,803 related to these abandoned projects, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss).
Interest rate swap	Interest rate swaps one-month The Company initially designated its interest rate swap agreements as a cash flow hedge and accounted for the underlying activity in accordance with hedge accounting. Effective April 14, 2020, the Company amended its existing credit facility agreement to obtain relief from its financial covenants, and as a result, the variable interest rate terms were modified to create an interest rate floor of 1.00%. Accordingly, and as a result of the current forward interest rate curve, the Company discontinued the hedging relationship as of April 14, 2020 (de-designation pre-tax de-designation, in earnings in the period in which the change occurs. For the thirteen weeks ended May 3, 2020, a loss of $820 was recognized, which is included in “Other store operating expenses” in the Consolidated Statements of Comprehensive Income (Loss). Prior to the de-designation, Credit risk related to the failure of the our counterparties to perform under the terms of the swap agreements is minimized by entering into transactions with carefully selected, credit-worthy parties and the fact that the swap contracts are distributed among several financial institutions to reduce the concentration of credit risk. Our swap agreements with our derivative counterparties contain a provision where if the Company defaults on any of its indebtedness, and repayment of the indebtedness has been accelerated, the Company could also be declared in default on its derivative obligations. The following derivative instruments were outstanding as of the end of the periods indicated: Fair Value Balance S May 3, 2020 February 2, 2020 Interest rate swaps Accrued liabilities $ (7,920 ) $ (3,518 ) Interest rate swaps Other liabilities (10,016 ) (6,967 ) Total derivatives (1) $ (17,936 ) $ (10,485 ) (1) The balance at May 3, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020. The following table summarizes the activity in accumulated other comprehensive loss related to our derivative instruments: Thirteen Thirteen Amount of loss recorded in accumulated other comprehensive income $ 7,603 $ 3,487 Amount of loss (gain) reclassified into income (1) $ 793 $ — Income tax benefit of interest rate swaps in accumulated other comprehensive loss $ (1,860 ) $ (953 ) (1) Amounts reclassified into income are included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income (Loss).
Revenue recognition	In jurisdictions where we do not have a legal obligation to remit unredeemed balances
Stockholders' equity	Stockholders’ equity indefinitely In our consolidated financial statements, the Company treats shares withheld for tax purposes on behalf of our employees in connection with the vesting of time-based and performance restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. During the thirteen weeks ended May 3, 2020 and May 5, 2019, we withheld 3,112 and 11,336 shares of common stock to satisfy $36 and $586 of employees’ tax obligations, respectively. The share repurchase activity in the first quarter of fiscal year 2020 re lates to Effective March 18, 2020, the Board of Directors of the Company adopted a 364-day one-ten On April 14, 2020, pursuant to an open market sale agreement, the Company sold 6,149,936 shares of its common stock at a price of $12.20 per share, for proceeds of $75,000, prior to deducting offering expenses related to the offering. Subsequent to the end of our first quarter, on May 4, 2020, the Company entered into an underwriting agreement, pursuant to which it sold 9,578,545 shares of its common stock at a price of $10.44 per share. On May 18, 2020, the underwriter exercised its over-allotment option for an additional 1,014,871 shares at $10.44 per share. During the second quarter of fiscal 2020, the Company received proceeds of approximately $110,600 prior to deducting offering expenses related to the offering, including the over-allotment option.
Recently adopted accounting guidance	Recently adopted accounting guidance Financial 2016-13 , Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, In January 2017, the FASB issued ASU 2017-04 , Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement
Recent accounting pronouncements	Recent accounting pronouncements 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Reform on Financial Reporting de-designation

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	May 03, 2020
Accounting Policies [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following derivative instruments were outstanding as of the end of the periods indicated: Fair Value Balance S May 3, 2020 February 2, 2020 Interest rate swaps Accrued liabilities $ (7,920 ) $ (3,518 ) Interest rate swaps Other liabilities (10,016 ) (6,967 ) Total derivatives (1) $ (17,936 ) $ (10,485 ) (1) The balance at May 3, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	The following table summarizes the activity in accumulated other comprehensive loss related to our derivative instruments: Thirteen Thirteen Amount of loss recorded in accumulated other comprehensive income $ 7,603 $ 3,487 Amount of loss (gain) reclassified into income (1) $ 793 $ — Income tax benefit of interest rate swaps in accumulated other comprehensive loss $ (1,860 ) $ (953 ) (1) Amounts reclassified into income are included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income (Loss).

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	May 03, 2020
Text Block [Abstract]
Accrued Liabilities	Accrued liabilities consist of the following as of the end of each period: May 3, 2020 February 2, 2020 Deferred amusement revenue $ 78,409 $ 75,113 Current portion of operating lease liabilities, net (1) 59,732 45,611 Deferred gift card revenue 10,796 11,253 Rent payable (note 4) 10,701 — Compensation and benefits 9,331 23,421 Property taxes 8,572 7,226 Current portion of derivatives 7,920 3,518 Current portion of long-term insurance 6,500 6,500 Utilities 4,767 4,442 Customer deposits 3,117 4,324 Inventory liabilities 1,937 2,179 Variable rent liabilities 535 1,331 Sales and use taxes 343 4,000 Dividend payable — 4,891 Other 18,745 13,643 Total accrued liabilities $ 221,405 $ 207,452 (1) The balance of leasehold incentive receivables of $ 3,000

Debt (Tables)

Debt (Tables)	3 Months Ended
	May 03, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following as of: May 3, 2020 February 2, 2020 Credit facility—term $ 262,500 $ 266,250 Credit facility—revolver 489,000 382,000 Total debt outstanding 751,500 648,250 Less: Current installments—term (15,000 ) (15,000 ) Debt issuance costs—term (1,239 ) (561 ) Long-term debt, net $ 735,261 $ 632,689
Recorded Interest Expense, Net	Interest expense, net Thirteen Weeks Thirteen Weeks Ended Ended May 3, 2020 May 5, 2019 Interest expense on credit facilities $ 6,092 $ 4,180 Amortization of issuance cost 242 198 Interest income (22 ) (26 ) Capitalized interest (197 ) (296 ) Total interest expense, net $ 6,115 $ 4,056

Leases (Tables)

Leases (Tables)	3 Months Ended
	May 03, 2020
Lessee, Operating Lease, Disclosure	The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and property taxes, are as follows for the fiscal year ended: May 3, 2020 May 5, 2019 Operating lease cost $ 33,563 $ 29,792 Variable lease cost 7,366 1,218 Short-term lease cost 87 101 Total lease cost $ 41,016 $ 31,111

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	May 03, 2020
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: Thirteen Weeks Thirteen Weeks Ended Ended May 3, 2020 May 5, 2019 Numerator: Net income (loss) $ (43,544 ) $ 42,443 Denominator: Weighted average number of common shares outstanding (basic) 31,829,985 36,827,665 Weighted average dilutive impact of equity-based awards (1) — 764,279 Weighted average number of common and common equivalent 31,829,985 37,591,944 Net income (loss) Basic $ (1.37 ) $ 1.15 Diluted $ (1.37 ) $ 1.13 (1) Due to a net loss for the thirteen weeks ended May 3, 2020, zero incremental shares are included because the effect would be anti-dilutive.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	May 03, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	Compensation expense related to stock options, time-based and performance-based RSU’s are included in general and administrative expenses and were as follows: Thirteen Weeks Ended May 3, May 5, Stock options $ 540 759 RSU’s and restricted stock (929 ) 1,066 Total share-based compensation expense $ (389 ) $ 1,825
Share-based Compensation, Stock Options, Activity [Table Text Block]	Transactions related to stock option awards during the thirteen weeks ended May 3, 2020 were as follows: 2014 Stock Incentive Plan 2010 Stock Incentive Plan Number Weighted Number Weighted Outstanding at February 2, 2020 1,323,495 $ 36.97 266,900 $ 6.72 Granted — — — — Exercised — — (9,244 ) 4.74 Forfeited (17,620 ) 49.21 — — Outstanding at May 3, 2020 1,305,875 $ 36.80 257,656 $ 6.79 Exercisable at May 3, 2020 1,097,556 $ 34.47 257,656 $ 6.79
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Transactions related to time-based and performance-based RSU’s during the thirteen weeks ended May 3, 2020, were as follows: Shares Weighted Outstanding at February 2, 2020 216,815 $ 51.58 Granted 72,593 12.85 Vested (19,344 ) 51.68 Forfeited (18,455 ) 47.45 Outstanding at May 3, 2020 251,609 $ 40.70

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands	May 18, 2020$ / sharesshares	May 04, 2020USD ($)$ / sharesshares	May 03, 2020USD ($)SegmentStatesStores	Apr. 14, 2020USD ($)$ / sharesshares	Mar. 20, 2020Stores	Mar. 18, 2020	May 03, 2020USD ($)SegmentStatesStoresshares	May 05, 2019USD ($)shares	Apr. 30, 2020StoresStates	Mar. 30, 2020$ / shares	Mar. 16, 2020Stores	Feb. 02, 2020USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores | Stores			137		137		137
Number of states store operates | States			39				39
Number of operating segment | Segment							1
Number of reportable segment | Segment							1
Book overdrafts reclassified to accounts payable			$ 0				$ 0					$ 14,026
Share repurchase program authorized amount			800,000				800,000
Share repurchase program remaining authorized amount			172,820				172,820
Payments Related to Tax Withholding for Share-based Compensation							36	$ 586
National amount of the swap agreement			$ 350,000				$ 350,000
Derivative, Average Fixed Interest Rate			2.47%				2.47%
Percentage Of Stores					100.00%
Percentage Posting of cash collateral on letters of credit outstanding							103.00%
Issuance of common stock							$ 72,338	$ 436
Required liquidity amount			$ 30,000				30,000
Impairment of Long-Lived Assets							$ 11,549
Shares Paid for Tax Withholding for Share Based Compensation | shares							3,112	11,336
Proceeds from Issuance							$ 72,144
Shareholder Rights Plan [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Dividends Payable, Date Declared						Mar. 18, 2020
Dividends Payable, Nature Description						one preferred share purchase right for each outstanding share of common stock
Preferred Stock, Par Value Per Share | $ / shares										$ 0.01
Exercise price of rights | $ / shares										$ 45
Dividends Payable, Date of Record						Mar. 30, 2020
Settlement Of Cash Obligation [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock issued during period, shares, issued for services | shares							12,975
Cash obligation			$ 150
Interest Rate Swap [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Interest payments reclassified to interest expense							$ 17,609
Interest payments to be reclassified during next 12 months							7,547
Interest payments reclassified to interest expense during the period							314
Interest Rate Swap [Member] | Other Store Operating Expenses [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Loss on Derivative							820
COVID19 [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores | Stores									28
Number of states store operates | States									12
Impairment of Long-Lived Assets							6,746
Additional number of stores | Stores									27
Impairment loss and contract termination costs of abandoned projects							4,803
Common Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Issuance of common stock				$ 75,000			$ 62	$ 1
Stock Issued During Period | shares				6,149,936			6,191,499	145,573
Sale of Stock, Price Per Share | $ / shares				$ 12.20
Proceeds from Issuance				$ 75,000
Subsequent Event [Member] | Common Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock Issued During Period | shares		9,578,545
Sale of Stock, Price Per Share | $ / shares		$ 10.44
Proceeds from Issuance		$ 110,600
Subsequent Event [Member] | Common Stock [Member] | Over-Allotment Option [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock Issued During Period | shares	1,014,871
Sale of Stock, Price Per Share | $ / shares	$ 10.44
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%
Canada [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of Canadian province | Segment			1				1
Tennesse [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores | Stores											1
Amusement Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred revenue recognized							$ 9,600
Gift Card Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue							1,300
Gift card breakage revenue							$ 170

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Derivative Instruments Outstanding (Details) - USD ($) $ in Thousands		May 03, 2020	Feb. 02, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Current portion of derivatives		$ (7,920)	$ (3,518)
Non-current portion of derivatiives		(10,016)	(6,967)
Total derivatives	[1]	$ (17,936)	$ (10,485)
[1]	The balance at May 3, 2020 relates to our swap agreements after hedge accounting was discontinued, effective April 14, 2020.

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands		3 Months Ended
		May 03, 2020	May 05, 2019
Amount of loss recorded in accumulated other comprehensive income		$ 7,603	$ 3,487
Income tax benefit of interest rate swaps in accumulated other comprehensive loss		(1,860)	$ (953)
Interest Expense [Member]
Amount of loss (gain) reclassified into income	[1]	$ 793
[1]	Amounts reclassified into income are included in “Interest expense, net” in the Consolidated Statements of Comprehensive Income (Loss).

Accrued Liabilities - Accrued L

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Accrued Liabilities, Current [Abstract]
Deferred amusement revenue	$ 78,409	$ 75,113
Current portion of operating lease liabilities, net (1)	59,732	45,611
Deferred gift card revenue	10,796	11,253
Rent payable (note 4)	10,701
Compensation and benefits	9,331	23,421
Property taxes	8,572	7,226
Current portion of derivatives	7,920	3,518
Current portion of long-term insurance	6,500	6,500
Utilities	4,767	4,442
Customer deposits	3,117	4,324
Inventory liabilities	1,937	2,179
Variable rent liabilities	535	1,331
Sales and use taxes	343	4,000
Dividend payable	0	4,891
Other	18,745	13,643
Total accrued liabilities	$ 221,405	$ 207,452

Accrued Liabilities - Accrued_2

Accrued Liabilities - Accrued Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Accrued Liabilities, Current [Abstract]
Receivables for tenant improvement allowances	$ 3,000	$ 6,339

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Aug. 17, 2017	May 03, 2020	Apr. 14, 2020	May 05, 2019
Debt Instrument [Line Items]
Required liquidity amount		$ 30,000,000
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		1.25%
Derivative, Variable Interest Rate		1.00%
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, swing loan sub-facility maximum borrowing capacity	15,000,000
Term loan repayment of principal	$ 3,750,000
Frequency of periodic payment	quarter
Letter of credit facility outstanding		$ 10,147,000
Borrowing available		$ 853,000
Debt instrument interest rate		2.00%
Weighted average effective interest		3.59%		4.17%
Debt instrument, description of variable rate basis		The loans bear interest subject to a pricing grid based on a total leverage ratio, at one-month 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.
Required liquidity amount		$ 30,000,000
Debt issuance costs			$ 2,000,000

Debt - Long-Term Debt (Detail)

Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands	May 03, 2020	Feb. 02, 2020
Debt Instrument [Line Items]
Total debt outstanding	$ 751,500	$ 648,250
Less current installments - term	(15,000)	(15,000)
Long-term debt, net	735,261	632,689
Credit Facility—term [Member]
Debt Instrument [Line Items]
Total debt outstanding	262,500	266,250
Less current installments - term	(15,000)	(15,000)
Less debt issuance costs - term	(1,239)	(561)
Credit Facility—revolver [Member]
Debt Instrument [Line Items]
Total debt outstanding	$ 489,000	$ 382,000

Debt - Recorded Interest Expens

Debt - Recorded Interest Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Debt Disclosure [Abstract]
Interest expense on credit facilities	$ 6,092	$ 4,180
Amortization of issuance cost and discount	242	198
Interest income	(22)	(26)
Capitalized interest	(197)	(296)
Total interest expense, net	$ 6,115	$ 4,056

Leases - Lease Expense (Detail)

Leases - Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Leases
Operating lease cost	$ 33,563	$ 29,792
Variable lease cost	7,366	1,218
Short-term lease cost	87	101
Total lease cost	$ 41,016	$ 31,111

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	3 Months Ended
	May 05, 2019shares
Earnings Per Share [Abstract]
Weighted average anti-dilutive options excluded from calculation of common equivalent shares	51,772

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
		May 03, 2020	May 05, 2019
Numerator:
Net income (loss)		$ (43,544)	$ 42,443
Denominator:
Weighted average number of common shares outstanding (basic)		31,829,985	36,827,665
Weighted average dilutive impact of equity-based awards	[1]		764,279
Weighted average number of common and common equivalent shares outstanding (diluted)		31,829,985	37,591,944
Net income (loss) per share:
Basic		$ (1.37)	$ 1.15
Diluted		$ (1.37)	$ 1.13
[1]	Due to a net loss for the thirteen weeks ended May 3, 2020, zero incremental shares are included because the effect would be anti-dilutive.

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Calculation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail)	3 Months Ended
	May 03, 2020shares
Earnings Per Share [Abstract]
Weighted average dilutive impact of equity-based awards	0

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess income tax benefit related to stock-based compensation plans	$ 140	$ (788)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	200
Unrecognized expense related to stock option plan	$ 1,449
Unrecognized compensation expense, weighted average years	1 year 8 months 12 days
Restricted Stock Units (RSU's) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, weighted average years	1 year 8 months 12 days
Unrecognized expense related to unvested restricted stock and RSUs	$ 2,984
Time Based Restricted Stock Units Rsu [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, Granted | shares	523,117
Weighted Average Fair Value	$ 10.81
Market Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, Granted | shares	378,416
Weighted Average Fair Value	$ 15.30

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock options	$ 540	$ 759
RSU's and restricted stock	(929)	1,066
Total share-based compensation expense	$ (389)	$ 1,825

Share-Based Compensation - Tran

Share-Based Compensation - Transactions Related to Stock Option Awards (Detail)	3 Months Ended
	May 03, 2020$ / sharesshares
2014 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 2, 2020 | shares	1,323,495
Forfeited | shares	(17,620)
Options outstanding at May 3, 2020 | shares	1,305,875
Options exercisable at May 3, 2020 | shares	1,097,556
Weighted Average Exercise Price
Options outstanding at February 2, 2020 | $ / shares	$ 36.97
Forfeited | $ / shares	49.21
Options outstanding at May 3, 2020 | $ / shares	36.80
Options exercisable at May 3, 2020 | $ / shares	$ 34.47
2010 Stock Incentive Plan [Member]
Number of Options
Options outstanding at February 2, 2020 | shares	266,900
Exercised | shares	(9,244)
Options outstanding at May 3, 2020 | shares	257,656
Options exercisable at May 3, 2020 | shares	257,656
Weighted Average Exercise Price
Options outstanding at February 2, 2020 | $ / shares	$ 6.72
Exercised | $ / shares	4.74
Options outstanding at May 3, 2020 | $ / shares	6.79
Options exercisable at May 3, 2020 | $ / shares	$ 6.79

Share-Based Compensation - Tr_2

Share-Based Compensation - Transactions Related to Time-based and Performance-based RSU's and Restricted Stock (Detail) - Time-Based and Performance-Based RSU's [Member]	3 Months Ended
	May 03, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, February 2, 2020 | shares	216,815
Restricted Stock Awards, Granted | shares	72,593
Restricted Stock Awards, Vested | shares	(19,344)
Restricted Stock Awards, Forfeited | shares	(18,455)
Restricted Stock Awards, May 3, 2020 | shares	251,609
Weighted Average Grant Date Fair Value, February 2, 2020 | $ / shares	$ 51.58
Weighted Average Grant Date Fair Value, Granted | $ / shares	12.85
Weighted Average Fair Value, Vested | $ / shares	51.68
Weighted Average Fair Value, Forfeited | $ / shares	47.45
Weighted Average Fair Value, May 3, 2020 | $ / shares	$ 40.70

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 03, 2020	May 05, 2019
Income Taxes [Line Items]
Corporate tax rate	35.50%	21.00%
Net operating loss carryback, Percentage	35.00%
CARES Act [Member]
Income Taxes [Line Items]
Deferred social security tax	$ 372