Dave & Buster's Entertainment (PLAY) 10-Q 5 Dec 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Oct. 29, 2023	Dec. 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 29, 2023
Document Transition Report	false
Entity File Number	001-35664
Entity Registrant Name	Dave & Buster’s Entertainment, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2382255
Entity Address, Address Line One	1221 S. Beltline Rd
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Coppell
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75019
City Area Code	214
Local Phone Number	357-9588
Title of 12(b) Security	Common Stock $0.01 par value
Trading Symbol	PLAY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		40,189,128
Entity Central Index Key	0001525769
Current Fiscal Year End Date	--02-04
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 29, 2023	Jan. 29, 2023
Current Assets:
Cash and cash equivalents	$ 64	$ 181.6
Inventories	43.3	45.4
Prepaid expenses	23.4	19.5
Income taxes receivable	6.1	25.5
Accounts receivable	20.2	21.7
Total current assets	157	293.7
Property and equipment (net of $1,174.7 and $1,043.7 of accumulated depreciation as of October 29, 2023 and January 29, 2023, respectively)	1,242.6	1,180.2
Operating lease right of use assets, net	1,348.1	1,333.6
Deferred tax assets	5.5	0.5
Tradenames	178.2	178.2
Goodwill	742.5	744.5
Other assets and deferred charges	23.9	30.3
Total assets	3,697.8	3,761
Current Liabilities
Current installments of long-term debt	9	8.5
Accounts payable	69.6	84.7
Accrued liabilities	338.6	342.9
Income taxes payable	2.1	1.9
Total current liabilities	419.3	438
Deferred income taxes	73.7	66.3
Operating lease liabilities	1,583.8	1,567.8
Other long-term liabilities	128.1	55.7
Long-term debt, net	1,281.3	1,222.7
Commitments and contingencies
Stockholders’ equity:
Common stock, par value $0.01; authorized: 400.00 shares; issued: 62.72 shares at October 29, 2023 and 62.42 at January 29, 2023; outstanding: 40.19 shares at October 29, 2023 and 48.41 at January 29, 2023	0.6	0.6
Preferred stock, 50.00 authorized; none issued	0	0
Paid-in capital	593.8	577.5
Treasury stock, 22.53 and 14.01 shares as of October 29, 2023 and January 29, 2023, respectively	(944.8)	(639)
Accumulated other comprehensive loss	(1.1)	(0.9)
Retained earnings	563.1	472.3
Total stockholders’ equity	211.6	410.5
Total liabilities and stockholders’ equity	$ 3,697.8	$ 3,761

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Oct. 29, 2023	Jan. 29, 2023
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 1,174.7	$ 1,043.7
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	62,720,000	62,420,000
Common stock, shares outstanding (in shares)	40,190,000	48,410,000
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Beginning balance treasury stock, shares (in shares)	22,530,000	14,010,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Total revenues	$ 466.9	$ 481.2	$ 1,606.3	$ 1,400.7
Total cost of products	72.8	76.2	246.7	221.8
Operating payroll and benefits	119.9	126	377.5	333
Other store operating expenses	171.3	163.8	510.4	430.7
General and administrative expenses	28.4	32.8	92	98.8
Depreciation and amortization expenses	51.9	48.4	149.9	120.3
Pre-opening costs	4	3.9	12.7	10.8
Total operating costs	448.3	451.1	1,389.2	1,215.4
Operating income	18.6	30.1	217.1	185.3
Interest expense, net	28.9	28.4	92.5	56.9
Loss on debt refinancing	0	0	11.2	1.5
Income (loss) before provision for income taxes	(10.3)	1.7	113.4	126.9
Provision for (benefit from) income taxes	(5.1)	(0.2)	22.6	28.9
Net income (loss)	(5.2)	1.9	90.8	98
Unrealized foreign currency translation loss	(0.3)	(0.4)	(0.2)	(0.4)
Unrealized gain on derivatives, net of tax	0	0.3	0	3
Total other comprehensive gain (loss)	(0.3)	(0.1)	(0.2)	2.6
Total comprehensive income (loss)	$ (5.5)	$ 1.8	$ 90.6	$ 100.6
Net income (loss) per share:
Basic (in dollars per share)	$ (0.12)	$ 0.04	$ 2.05	$ 2.02
Diluted (in dollars per share)	$ (0.12)	$ 0.04	$ 2.01	$ 1.99
Weighted average shares used in per share calculations:
Basic (in shares)	41,810	48,260	44,270	48,560
Diluted (in shares)	41,810	48,740	45,090	49,180
Entertainment revenues
Total revenues	$ 302	$ 315.3	$ 1,055.9	$ 925.9
Cost of entertainment	29.5	27.2	98.2	83.1
Food and beverage revenues
Total revenues	164.9	165.9	550.4	474.8
Cost of food and beverage	$ 43.3	$ 49	$ 148.5	$ 138.7

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Paid-In Capital	Treasury Stock At Cost	Accumulated Other Comprehensive Loss	Retained Earnings
Beginning balance (in shares) at Jan. 30, 2022		61,560
Beginning balance at Jan. 30, 2022	$ 275.5	$ 0.6	$ 548.8	$ (605.4)	$ (3.6)	$ 335.1
Beginning balance (in shares) at Jan. 30, 2022				13,070
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	67					67
Derivatives, net of tax	1.3				1.3
Share-based compensation	3.6		3.6
Issuance of common stock (in shares)		250
Issuance of common stock	5.6		5.6
Repurchase of common stock (in shares)				30
Repurchase of common stock	(1.2)			$ (1.2)
Ending balance (in shares) at May. 01, 2022		61,810
Ending balance at May. 01, 2022	351.8	$ 0.6	558	$ (606.6)	(2.3)	402.1
Ending balance (in shares) at May. 01, 2022				13,100
Beginning balance (in shares) at Jan. 30, 2022		61,560
Beginning balance at Jan. 30, 2022	275.5	$ 0.6	548.8	$ (605.4)	(3.6)	335.1
Beginning balance (in shares) at Jan. 30, 2022				13,070
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	98
Unrealized foreign currency translation gain (loss)	(0.4)
Derivatives, net of tax	3
Ending balance (in shares) at Oct. 30, 2022		62,280
Ending balance at Oct. 30, 2022	361	$ 0.6	566.2	$ (637.9)	(1)	433.1
Ending balance (in shares) at Oct. 30, 2022				14,000
Beginning balance (in shares) at May. 01, 2022		61,810
Beginning balance at May. 01, 2022	351.8	$ 0.6	558	$ (606.6)	(2.3)	402.1
Beginning balance (in shares) at May. 01, 2022				13,100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	29.1					29.1
Derivatives, net of tax	1.4				1.4
Share-based compensation	4.7		4.7
Issuance of common stock (in shares)		400
Repurchase of common stock (in shares)				890
Repurchase of common stock	(30.6)			$ (30.6)
Ending balance (in shares) at Jul. 31, 2022		62,210
Ending balance at Jul. 31, 2022	356.4	$ 0.6	562.7	$ (637.2)	(0.9)	431.2
Ending balance (in shares) at Jul. 31, 2022				13,990
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1.9					1.9
Unrealized foreign currency translation gain (loss)	(0.4)				(0.4)
Derivatives, net of tax	0.3				0.3
Share-based compensation	3.2		3.2
Issuance of common stock (in shares)		70
Issuance of common stock	0.3		0.3
Repurchase of common stock (in shares)				10
Repurchase of common stock	(0.7)			$ (0.7)
Ending balance (in shares) at Oct. 30, 2022		62,280
Ending balance at Oct. 30, 2022	$ 361	$ 0.6	566.2	$ (637.9)	(1)	433.1
Ending balance (in shares) at Oct. 30, 2022				14,000
Beginning balance (in shares) at Jan. 29, 2023	48,410	62,420
Beginning balance at Jan. 29, 2023	$ 410.5	$ 0.6	577.5	$ (639)	(0.9)	472.3
Beginning balance (in shares) at Jan. 29, 2023	14,010			14,010
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 70.1					70.1
Share-based compensation	6.7		6.7
Issuance of common stock (in shares)		90
Issuance of common stock	0.1		0.1
Repurchase of common stock (in shares)				3,620
Repurchase of common stock	(127.5)			$ (127.5)
Ending balance (in shares) at Apr. 30, 2023		62,510
Ending balance at Apr. 30, 2023	$ 359.9	$ 0.6	584.3	$ (766.5)	(0.9)	542.4
Ending balance (in shares) at Apr. 30, 2023				17,630
Beginning balance (in shares) at Jan. 29, 2023	48,410	62,420
Beginning balance at Jan. 29, 2023	$ 410.5	$ 0.6	577.5	$ (639)	(0.9)	472.3
Beginning balance (in shares) at Jan. 29, 2023	14,010			14,010
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 90.8
Unrealized foreign currency translation gain (loss)	(0.2)
Derivatives, net of tax	$ 0
Ending balance (in shares) at Oct. 29, 2023	40,190	62,720
Ending balance at Oct. 29, 2023	$ 211.6	$ 0.6	593.8	$ (944.8)	(1.1)	563.1
Ending balance (in shares) at Oct. 29, 2023	22,530			22,530
Beginning balance (in shares) at Apr. 30, 2023		62,510
Beginning balance at Apr. 30, 2023	$ 359.9	$ 0.6	584.3	$ (766.5)	(0.9)	542.4
Beginning balance (in shares) at Apr. 30, 2023				17,630
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	25.9					25.9
Unrealized foreign currency translation gain (loss)	0.1				0.1
Share-based compensation	5.2		5.2
Issuance of common stock (in shares)		180
Issuance of common stock	0.6		0.6
Repurchase of common stock (in shares)				2,090
Repurchase of common stock	(77.3)			$ (77.3)
Ending balance (in shares) at Jul. 30, 2023		62,690
Ending balance at Jul. 30, 2023	314.4	$ 0.6	590.1	$ (843.8)	(0.8)	568.3
Ending balance (in shares) at Jul. 30, 2023				19,720
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(5.2)					(5.2)
Unrealized foreign currency translation gain (loss)	(0.3)				(0.3)
Derivatives, net of tax	0
Share-based compensation	3.5		3.5
Issuance of common stock (in shares)		30
Issuance of common stock	0.2		0.2
Repurchase of common stock (in shares)				2,810
Repurchase of common stock	$ (101)			$ (101)
Ending balance (in shares) at Oct. 29, 2023	40,190	62,720
Ending balance at Oct. 29, 2023	$ 211.6	$ 0.6	$ 593.8	$ (944.8)	$ (1.1)	$ 563.1
Ending balance (in shares) at Oct. 29, 2023	22,530			22,530

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Oct. 29, 2023	Oct. 30, 2022
Cash flows from operating activities:
Net income	$ 90.8	$ 98
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	149.9	120.3
Non-cash interest expense	8.9	6.7
Deferred taxes	1.6	29.3
Loss on debt refinancing	11.2	1.5
Share-based compensation	15.4	11.5
Other, net	8.1	5.8
Changes in assets and liabilities, net of assets and liabilities acquired:
Inventories	2.1	(0.2)
Prepaid expenses	(3.9)	(1.8)
Income tax receivable	19.4	19.1
Accounts receivable	1.6	(6)
Other assets and deferred charges	4.7	1
Accounts payable	(23)	(30.5)
Accrued liabilities	(22)	43.4
Income taxes payable	0.2	0.1
Other long-term liabilities	2	2.8
Net cash provided by operating activities:	267	301
Cash flows from investing activities:
Capital expenditures	(207.6)	(164)
Acquisition of a business, net of cash acquired	0	(818.7)
Proceeds from sales of property and equipment	0.4	0.8
Net cash used in investing activities:	(207.2)	(981.9)
Cash flows from financing activities:
Proceeds from term loan and revolver	146.4	821.5
Term loan and revolver payments	(103.3)	(14)
Debt issuance costs	(3.1)	(17.8)
Proceeds from sale-leaseback transaction	84.2	0
Proceeds from the exercise of stock options	0.9	6
Repurchases of common stock under share repurchase program	(300)	(25)
Repurchases of common stock to satisfy employee withholding tax obligations	(2.5)	(7.5)
Net cash provided by (used in) financing activities:	(177.4)	763.2
Increase (decrease) in cash and cash equivalents	(117.6)	82.3
Beginning cash and cash equivalents	181.6	25.9
Ending cash and cash equivalents	64	108.2
Supplemental disclosures of cash flow information:
Increase (decrease) in fixed asset accounts payable	7.9	(2.1)
Cash paid (refund received) for income taxes, net	0.6	(20.2)
Cash paid for interest, net	$ 75.7	$ 33.3

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 29, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The accompanying 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 & Buster’s, Inc. (“D&B Inc”), the operating company. The Company, headquartered in Coppell, Texas, is a leading operator of high-volume entertainment and dining venues (“stores”) in North America for adults and families. During the thirty-nine weeks ended October 29, 2023, the Company opened ten stores, and as of October 29, 2023, the Company owned and operated 214 stores in 42 states, Puerto Rico and one Canadian province. The Company operates its business as two operating segments based on its major brands, Dave & Buster's and Main Event. The Company has one reportable segment as both brands provide similar products and services to a similar customer base, are managed together by a single management team and share similar economic characteristics. Main Event Acquisition — On June 29, 2022 (the “Closing Date”), the Company completed its acquisition (the “Main Event Acquisition” or “the Acquisition”) of 100% of the equity interests of Ardent Leisure US Holding Inc. (“Ardent US”), pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated April 6, 2022, by and among the Company, Ardent US, Delta Bravo Merger Sub, Inc, the Company’s wholly-owned subsidiary formed for the purpose of completing the transactions set forth in the Merger Agreement, for the limited purposes set forth therein, Ardent Leisure Group Limited (“Ardent”), and, for the limited purposes set forth therein, RB ME LP (“RedBird”) and RB ME Blocker, LLC, RB ME Series 2019 Investor Aggregator LP and RedBird Series 2019 GP Co-Invest, LP. Refer to Note 2, Business Combinations, for further discussion of the Main Event Acquisition. Fiscal Calendar — The Company operates on a 52 or 53-week fiscal year that ends on the Sunday after the Saturday closest to January 31. Each quarterly period reported has 13 weeks. Fiscal 2023, which ends on February 4, 2024, has 53 weeks. Fiscal 2022, which ended on January 29, 2023, had 52 weeks. Basis of Presentation — 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 January 29, 2023, included in our Annual Report on Form 10-K. Amounts in the consolidated financial statements of this Quarterly Report on Form 10-Q are presented in millions. The amounts in the consolidated financial statements, and the notes thereto, of our Annual Report on Form 10-K were presented in thousands. 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 and thirty-nine weeks ended October 29, 2023 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending February 4, 2024. Cash and cash equivalents — We consider transaction settlements in process from credit card companies and all highly-liquid investments with original maturities of three months or less to be cash equivalents. Our cash management system provides for the daily funding of all major bank disbursement accounts as checks are presented for payment. Under this system, outstanding checks in excess of the cash balances at certain banks create book overdrafts. There were no book overdrafts as of October 29, 2023 or as of January 29, 2023. Fair value of financial instruments — Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. In determining fair value, the accounting standards establish a three-level hierarchy for inputs used in measuring fair value. 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. The fair value of the Company’s debt is determined based on traded price data as of the measurement date, which we classify as a level two input within the fair value hierarchy as defined under GAAP. The fair value of the Company's debt was as follows as of the periods indicated: October 29, 2023 January 29, 2023 Revolving credit facility $ — — Term loan 899.4 864.5 Senior secured notes 437.6 441.8 $ 1,337.0 $ 1,306.3 The Company also measures certain non-financial assets (primarily property and equipment, right-of-use assets, goodwill, tradenames, and other assets) at fair value on a non-recurring basis in connection with its periodic evaluations of such assets for potential impairment. The Company recorded $1.7 of property and equipment impairment that was removed from service during the thirty-nine weeks ended October 29, 2023. Revenues — Our entertainment revenues primarily consist of attractions including redemption and simulation games, bowling, laser tag, billiards and gravity ropes. Our food and beverage revenues consist of full meals, appetizers and both alcoholic and non-alcoholic beverages. The Company's revenue for these categories was as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 Entertainment $ 296.2 $ 309.5 $ 1,035.4 $ 914.7 Other (1) 5.8 5.8 20.5 11.2 Entertainment revenues $ 302.0 $ 315.3 $ 1,055.9 $ 925.9 Food and non-alcoholic beverages $ 109.7 $ 112.9 $ 370.8 $ 323.7 Alcoholic beverages 55.2 53.0 179.6 151.1 Food and beverage revenues $ 164.9 $ 165.9 $ 550.4 $ 474.8 (1) Primarily consists of revenue earned from party rentals and gift card breakage (see Revenue recognition below). Revenue recognition — Customers purchase cards with game play credits or “chips” to be used on a variety of redemption and simulation games. Entertainment revenues related to game play primarily consist of game play credits, which are used by customers to activate video and redemption games. Redemption games allow customers to earn tickets, which may be redeemed for prizes. We have deferred a portion of entertainment revenues for the estimated unfulfilled performance obligations related to unredeemed game play credits and tickets. The deferral is based on an estimated rate of future use by customers of unused game play credits and the material right provided to customers to redeem tickets in the future for prizes. During the thirty-nine weeks ended October 29, 2023, we recognized revenue of approximately $51.9 related to the amount in deferred entertainment revenues as of the end of fiscal 2022. These revenues are included in entertainment revenues on the consolidated statement of comprehensive income (loss). We recognize revenue on unredeemed gift cards in proportion to the pattern of redemption by the customers. During the thirty-nine weeks ended October 29, 2023, we recognized revenue of approximately $7.5 related to the amount in deferred gift card revenue as of the end of fiscal 2022. These revenues are included in Entertainment revenues on the consolidated statement of comprehensive income (loss). Earnings per share — Basic net income (loss) per share is computed by dividing net income (loss) available to common shareholders by the basic weighted average number of common shares outstanding for the reporting period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per share, the basic weighted average shares outstanding is increased by the dilutive effect of stock options and restricted share awards. Stock options and restricted share awards with an anti-dilutive effect are not included in the diluted net income per share calculation. Basic weighted average shares outstanding are reconciled to diluted weighted average shares outstanding as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 Basic weighted average shares outstanding 41.81 48.26 44.27 48.56 Weighted average dilutive impact of awards — 0.48 0.82 0.62 Diluted weighted average shares outstanding 41.81 48.74 45.09 49.18 Weighted average awards excluded as anti-dilutive 1.62 0.32 0.90 0.23 Acquisitions — The Company accounts for acquisitions under the acquisition method of accounting, which requires the acquired assets and liabilities, including contingencies, be recorded at fair value determined on the acquisition date and changes thereafter reflected in income. For significant acquisitions, the Company obtains independent third-party valuation studies for certain of the assets acquired and liabilities assumed to assist the Company in determining fair value. The estimation of the fair values of the assets acquired and liabilities assumed involves a number of estimates and assumptions that could differ materially from the actual amounts realized. The Company provides assumptions, including both quantitative and qualitative information, about the specified asset or liability to the third-party valuation firms so they can assist in determining the fair value of assets and liabilities acquired. The Company then records acquired assets and liabilities at their estimated fair value based on the information provided. The third-party valuation firms are supervised by Company personnel who are knowledgeable about valuations and fair value. The Company evaluates the appropriateness of the assumptions and valuation methodologies utilized by the third-party valuation firms. Recent accounting pronouncements — We reviewed the accounting pronouncements that became effective for fiscal year 2023 and determined that either they were not applicable, or they did not have a material impact on the consolidated financial statements. We also reviewed the recently issued accounting pronouncements to be adopted in future periods and determined that they are not expected to have a material impact on the consolidated financial statements.

Business Combinations

Business Combinations	9 Months Ended
	Oct. 29, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations On June 29, 2022, the Company acquired Main Event for net cash and contingent consideration. Main Event is also focused on entertainment, food and drinks, largely for the demographic target of families with young children. The acquisition puts the Company in a strategic position for accelerated, profitable growth in both brands as well as create cost synergies with our Dave & Buster’s brand. We finalized our accounting for the Main Event Acquisition in the second quarter of 2023. The components of the purchase price and net assets acquired in the Main Event Acquisition are as follows: Amount Gross cash consideration $ 853.2 Contingent consideration (1) 13.8 Less: cash acquired (34.5) Total consideration paid $ 832.5 Assets: Current assets 16.9 Property and equipment 338.3 Operating lease right of use assets 297.2 Tradename 99.2 Other assets and deferred charges 5.8 Liabilities: Accounts payable 20.1 Current portion of operating lease liabilities 11.6 Accrued liabilities 41.6 Operating lease liabilities 279.2 Deferred tax liabilities 35.8 Other long-term liabilities 6.5 Net assets acquired, excluding goodwill $ 362.6 Goodwill $ 469.9 (1) The Company has an obligation to pay, in cash, an aggregate amount equal to any “Transaction Tax Benefits,” with respect to any taxable year of the Company after the Closing Date ending on or before December 31, 2028, including the current taxable year. This amount is based on the present value of the maximum amount provided in the Merger Agreement. Unaudited Pro Forma Information To reflect the Acquisition as if it had occurred on January 31, 2022, the unaudited pro forma results include adjustments to reflect, among other things, the interest expense from debt financings obtained to partially fund the cash consideration transferred. Pro forma adjustments were tax effected at the Company’s historical statutory rates in effect for the respective periods. The unaudited pro forma amounts are not necessarily indicative of the combined results of operations that would have been realized had the acquisitions and related financings occurred on the aforementioned dates, nor are they meant to be indicative of any anticipated combined results of operations that the Company will experience after the transaction. In addition, the amounts do not include any adjustments for actions that may be taken following the completion of the transaction, such as expected cost savings, operating synergies, or revenue enhancements that may be realized subsequent to the transaction. The following unaudited pro forma information provides the effect of the Main Event Acquisition as if the acquisition had occurred on January 31, 2022: Thirty-Nine Weeks Ended October 30, 2022 Revenues $ 1,601.3 Net income $ 94.6 The historical consolidated financial information of the Company and Main Event, as presented in the table above, has been adjusted to give effect to pro forma events that are directly attributable to the acquisition and related financing arrangements and are factually supportable.

Goodwill and Tradename Assets

Goodwill and Tradename Assets	9 Months Ended
	Oct. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Tradename Assets	Goodwill and Tradename Assets The changes in the carrying amount of goodwill and tradename assets during fiscal 2023 and fiscal 2022 are as follows: Goodwill Tradename Balance at January 30, 2022 $ 272.6 $ 79.0 Acquisition of Main Event (1) 471.9 99.2 Balance at January 29, 2023 $ 744.5 $ 178.2 Adjustments to Main Event goodwill (1)(2) (2.0) — Balance at October 29, 2023 $ 742.5 $ 178.2 (1) See Note 2 for discussion of the Main Event acquisition. (2) Adjustments to preliminary purchase price. The Company finalized its purchase accounting related to the Main Event acquisition in the second quarter of fiscal 2023.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Oct. 29, 2023
Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following as of the dates presented: October 29, 2023 January 29, 2023 Deferred entertainment revenue $ 121.8 $ 114.4 Current portion of operating lease liabilities, net (1) 70.4 64.1 Compensation and benefits 23.1 60.6 Accrued interest 24.2 15.8 Deferred gift card revenue 13.2 16.4 Customer deposits 15.9 8.7 Property taxes 15.2 13.1 Sales and use and other taxes 8.0 10.6 Occupancy and variable rent costs 3.7 9.4 Utilities 7.4 7.2 Worker's compensation and general liability claims 5.7 6.7 Other (2) 30.0 15.9 Total accrued liabilities $ 338.6 $ 342.9 (1) The balance of leasehold incentive receivables of $6.0 and $6.0 as of October 29, 2023 and January 29, 2023, respectively, is reflected as a reduction of the current portion of operating lease liabilities. (2) Includes $13.8 accrued transaction tax benefits related to the Main Event acquisition discussed at Note 2 to the consolidated financial statements.

Leases

Leases	9 Months Ended
	Oct. 29, 2023
Leases [Abstract]
Leases	Leases We currently lease most of the buildings or sites for our stores, store support center, and warehouse space under facility operating leases. These leases typically have initial terms ranging from ten 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 costs” for our stores not yet operating, or “General and administrative expenses” for our store support center and warehouse, in the consolidated statement of comprehensive income (loss). The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and property taxes, are as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 Operating lease cost $ 49.4 $ 46.1 $ 146.6 $ 119.7 Variable lease cost 9.7 9.3 29.3 28.2 Short-term lease cost 0.8 0.4 2.4 0.8 Total $ 59.9 $ 55.8 $ 178.3 $ 148.7 Operating lease payments in the table above includes minimum lease payments for future sites for which the leases have commenced. As of October 29, 2023, the Company had signed lease agreements with total lease payments of approximately $179.2 related to ten facility leases which had not yet commenced. Fixed minimum lease payments related to these facilities are not included in the right-of-use assets and lease liabilities on the consolidated balance sheet as of October 29, 2023. Sale-Leaseback Transaction In October 2023, the Company entered into a sale and master lease agreement (a "sale-leaseback") with an unrelated third party. Under these agreements, the Company sold four of its store properties, including land, buildings and certain improvements, at a sale price of $85.8 and then leased the assets back through the sale-leaseback transaction. Based on certain criteria and in accordance with U.S. GAAP, the transaction was accounted for as a failed sale-leaseback. As a result, the store property assets remain on the consolidated balance sheet at their historical net book value and are depreciated over the remaining term of the master lease. A financing obligation liability was recognized in the amount of the net proceeds received in the amount of $84.2. The Company will not recognize rent expense related to the leased assets. Instead, monthly rent payments under the master lease agreement (initially, $6.4 per year) will be recorded as interest expense and a reduction of the outstanding liability. As of October 29, 2023 the current outstanding liability of $0.2 was recorded in accrued liabilities and the long term outstanding liability of $84.0 was recorded in other liabilities on the consolidated balance sheet related to the financing liability.

Debt

Debt	9 Months Ended
	Oct. 29, 2023
Debt Disclosure [Abstract]
Debt	Debt Long-term debt consists of the following: October 29, 2023 January 29, 2023 Credit facility—revolver $ — $ — Credit facility—term loan 900.0 847.9 Senior secured notes 440.0 440.0 Total debt outstanding 1,340.0 1,287.9 Less current installments of long-term debt (9.0) (8.5) Less issue discounts and debt issuance costs (49.7) (56.7) Long-term debt, net $ 1,281.3 $ 1,222.7 June 29, 2022 Credit Facility In connection with the closing of the Main Event Acquisition on June 29, 2022, D&B Inc entered into a senior secured credit agreement, which refinanced the $500.0 existing revolving facility, extended the maturity date to June 29, 2027, and added a new term loan facility in the aggregate principal amount of $850.0, with a maturity date of June 29, 2029 (“Credit Facility”). The proceeds of the term loan, net of an original issue discount of $42.5, were used to pay the consideration for the Acquisition. The revolving credit facility can expire before the stated maturity date if the aggregate outstanding principal amount of the 7.625% senior notes (described below) exceeds $100.0 91 days prior to November 1, 2025. A portion of the revolving facility not to exceed $35.0 is available for the issuance of letters of credit. As of October 29, 2023, we had letters of credit outstanding of $9.8 and an unused commitment balance of $490.2 under the revolving facility. The Credit Facility may be increased through incremental facilities, by an amount equal to the greater of (i) $400.0 and (ii) 0.75 times trailing twelve-month Adjusted EBITDA, as defined, plus additional amounts subject to compliance with applicable leverage ratio and/or interest coverage ratio requirements. The Credit Facility is unconditionally guaranteed by D&B Holdings and certain of D&B Inc’s existing and future wholly owned material domestic subsidiaries. During fiscal 2020, the Company issued $550.0 aggregate principal amount of 7.625% senior secured notes (the “Notes”). Interest on the Notes is payable in arrears on November 1 and May 1 of each year. The Notes mature on November 1, 2025, unless earlier redeemed, and are subject to the terms and conditions set forth in the related indenture. The Notes were issued by D&B Inc and are unconditionally guaranteed by D&B Holdings and certain of D&B Inc’s existing and future wholly owned material domestic subsidiaries. During fiscal 2022, the Company redeemed a total of $110.0 outstanding principal amount of the Notes. The Company may elect to further redeem the Notes, in whole or in part, at certain specified redemption prices, plus accrued and unpaid interest, at the redemption date. First Amendment to the Credit Facility (the "Amendment") On June 30, 2023, D&B Inc entered into the Amendment with its banking syndicate, which amended the Credit Facility. The Amendment provides for a new tranche of term loans in an aggregate principal amount of $900.0 (the “2023 Term B Loans”) which consist of $843.6 of 2023 refinancing Term B Loans which refinanced in full the term loans outstanding immediately prior to the Amendment effective date and $56.4 of 2023 additional Term B Loans, which will be used for general corporate and working capital purposes. The 2023 Term B Loans were issued with an original issue discount of 1%, reduced the interest rate margin applicable to term loans and revolving loans outstanding under the Credit Agreement by 1.25% and otherwise have terms substantially the same as the terms of the existing Term B Loans under the June 29, 2022 Credit Facility. The 2023 Term B Loans may be prepaid at any time, without premium or penalty, but are subject to a prepayment premium of 1.00% (subject to certain exceptions) if certain refinancing of, or amendment to, reduce the all-in-yield of the 2023 Term B Loans is made at any time during the first six months after the Amendment effective date. The 2023 Term B Loans bear interest at Term SOFR (plus an additional credit spread adjustment of 0.10%) or ABR (each, as defined in the amended Credit Agreement) plus (i) in the case of Term SOFR loans, 3.75% per annum and (ii) in the case of ABR loans, 2.75% per annum. The Revolving Loans bear interest subject to a pricing grid based on the Borrower’s net total leverage, at Term SOFR (plus an additional credit spread adjustment of 0.10%) plus a spread ranging from 3.00% to 3.50% per annum or ABR plus a spread ranging from 2.00% to 2.50% per annum. Unused commitments under the revolving facility incur initial commitment fees of 0.30% to 0.50%. Loss on debt refinancing and amortization of issuance costs Immediately prior to the Amendment, the Company had $46.9 of unamortized issuance discounts and costs. As certain lenders exited the syndicate and were replaced by new syndicate members and the term loan facility was increased in size, a portion of the term loan facility was deemed extinguished and a portion was determined to be modified. As a result, $8.5 of unamortized costs were written off and $2.7 of new fees were expensed on the modified portion resulting in a total charge of $11.2 included in loss on debt refinancing on the consolidated statement of income for the thirty-nine weeks ended October 29, 2023. The remaining $38.4 of the unamortized issuance discounts and $9.4 of new issuance discount and costs were deferred and will be amortized into interest expense, net. Amortization of debt issuance costs and original issue discount was $8.9 and $5.5 for the thirty-nine weeks ended October 29, 2023 and October 30, 2022, respectively. The Company’s weighted average effective interest rate on our total debt facilities was 10.3% and 9.5% for the thirty-nine weeks ended October 29, 2023 and October 30, 2022, respectively. Restrictive covenants and debt compliance Our debt agreements contain 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. The Credit Facility also requires the Company to maintain a maximum net total leverage ratio, as defined, as of the end of each fiscal quarter. We were in compliance with our covenants and the terms of our debt agreements as of October 29, 2023.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 29, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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 and other customer-related incidents 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. Legal costs related to such claims are expensed as incurred.

Stockholders' Equity and Share-

Stockholders' Equity and Share-Based Compensation	9 Months Ended
	Oct. 29, 2023
Share-Based Payment Arrangement [Abstract]
Stockholders' Equity and Share-Based Compensation	Stockholders' Equity and Share-Based Compensation Share issuances and repurchases 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 were immaterial for all periods presented. On March 27, 2023, our Board of Directors approved a share repurchase program with an authorization limit of $100.0. On April 19, 2023, our Board of Directors approved an increase to the authorization limit of $200.0 for a total of $300.0 authorized under the program. On September 4, 2023 our Board of Directors approved an increase to the authorization limit of $100.0 for a total of $400.0 authorized under the program. During the thirty-nine weeks ended October 29, 2023, the Company repurchased 8.49 million shares at an average of $35.35 per share. The remaining dollar value of shares that may be repurchased under the program is $100.0 as of October 29, 2023. Future decisions to repurchase shares continue to be at the discretion of the Board of Directors and will be dependent on our operating performance, financial condition, capital expenditure requirements and other factors that the Board of Directors considers relevant. Share-based compensation Our compensation expense related to share-based compensation was as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 General and administrative expenses $ 3.5 $ 3.2 $ 15.4 $ 11.5 Our share-based compensation award activity during the thirty-nine weeks ended October 29, 2023 was as follows: Options Restricted Total Outstanding at January 29, 2023 0.98 1.89 2.87 Granted 0.08 0.26 0.34 Exercised (0.04) — (0.04) RSU vestings n/a (0.29) (0.29) Forfeited (0.11) (0.31) (0.42) Outstanding at October 29, 2023 0.91 1.55 2.46 Remaining unrecognized compensation expense $ 4.6 $ 30.2 $ 34.8 The fair value of our time-based and performance-based restricted stock units is based on our closing stock price on the date of grant. The grant date fair value of stock options was determined using the Black-Scholes option valuation model. The grant date fair value of performance-based awards with market conditions was determined using the Monte Carlo valuation model. The unrecognized expense will all be substantially recognized by the end of fiscal 2025. During the thirty-nine weeks ended October 29, 2023, the Company granted certain options, time-based, performance-based, and market-based restricted stock units to employees and directors of the Company. These grants vest over a range of one year to five years. Certain of the market-based restricted stock units can vest earlier if the targets are achieved prior to that time. As a result, the requisite service period for such grants was determined to be less than the explicit service period.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 29, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the thirty-nine weeks ended October 29, 2023, was 19.9%, compared to 22.8% for the thirty-nine weeks ended October 30, 2022. The current year tax provision includes a favorable state apportionment impact resulting from the acquisition of Main Event and legal entity restructuring as well as lower permanent differences, primarily non-deductible transaction costs and credits associated with the reversal of certain tax valuation allowances as compared to the prior year. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law. Intended to provide economic relief to those impacted by the COVID-19 pandemic, the CARES Act includes provisions, among others, allowing for the carryback of net operating losses generated in fiscal 2018, 2019 and 2020. The Company has $0.8 of federal tax refunds remaining from the fiscal 2020 carryback claim filed during fiscal 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 29, 2023
Accounting Policies [Abstract]
Fiscal Calendar	Fiscal Calendar
Basis of presentation	Basis of Presentation — 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 January 29, 2023, included in our Annual Report on Form 10-K. Amounts in the consolidated financial statements of this Quarterly Report on Form 10-Q are presented in millions. The amounts in the consolidated financial statements, and the notes thereto, of our Annual Report on Form 10-K were presented in thousands.
Use of estimates	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 and thirty-nine weeks ended October 29, 2023 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending February 4, 2024.
Cash and cash equivalents	Cash and cash equivalents — We consider transaction settlements in process from credit card companies and all highly-liquid investments with original maturities of three months or less to be cash equivalents. Our cash management system provides for the daily funding of all major bank disbursement accounts as checks are presented for payment. Under this system, outstanding checks in excess of the cash balances at certain banks create book overdrafts. There were no book overdrafts as of October 29, 2023 or as of January 29, 2023.
Fair value of financial instruments	Fair value of financial instruments — Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. In determining fair value, the accounting standards establish a three-level hierarchy for inputs used in measuring fair value. 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. The fair value of the Company’s debt is determined based on traded price data as of the measurement date, which we classify as a level two input within the fair value hierarchy as defined under GAAP. The fair value of the Company's debt was as follows as of the periods indicated: October 29, 2023 January 29, 2023 Revolving credit facility $ — — Term loan 899.4 864.5 Senior secured notes 437.6 441.8 $ 1,337.0 $ 1,306.3 The Company also measures certain non-financial assets (primarily property and equipment, right-of-use assets, goodwill, tradenames, and other assets) at fair value on a non-recurring basis in connection with its periodic evaluations of such assets for potential impairment. The Company recorded $1.7 of property and equipment impairment that was removed from service during the thirty-nine weeks ended October 29, 2023.
Revenue	Revenues — Our entertainment revenues primarily consist of attractions including redemption and simulation games, bowling, laser tag, billiards and gravity ropes. Our food and beverage revenues consist of full meals, appetizers and both alcoholic and non-alcoholic beverages. The Company's revenue for these categories was as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 Entertainment $ 296.2 $ 309.5 $ 1,035.4 $ 914.7 Other (1) 5.8 5.8 20.5 11.2 Entertainment revenues $ 302.0 $ 315.3 $ 1,055.9 $ 925.9 Food and non-alcoholic beverages $ 109.7 $ 112.9 $ 370.8 $ 323.7 Alcoholic beverages 55.2 53.0 179.6 151.1 Food and beverage revenues $ 164.9 $ 165.9 $ 550.4 $ 474.8 (1) Primarily consists of revenue earned from party rentals and gift card breakage (see Revenue recognition below). Revenue recognition — Customers purchase cards with game play credits or “chips” to be used on a variety of redemption and simulation games. Entertainment revenues related to game play primarily consist of game play credits, which are used by customers to activate video and redemption games. Redemption games allow customers to earn tickets, which may be redeemed for prizes. We have deferred a portion of entertainment revenues for the estimated unfulfilled performance obligations related to unredeemed game play credits and tickets. The deferral is based on an estimated rate of future use by customers of unused game play credits and the material right provided to customers to redeem tickets in the future for prizes. During the thirty-nine weeks ended October 29, 2023, we recognized revenue of approximately $51.9 related to the amount in deferred entertainment revenues as of the end of fiscal 2022. These revenues are included in entertainment revenues on the consolidated statement of comprehensive income (loss). We recognize revenue on unredeemed gift cards in proportion to the pattern of redemption by the customers. During the thirty-nine weeks ended October 29, 2023, we recognized revenue of approximately $7.5 related to the amount in deferred gift card revenue as of the end of fiscal 2022. These revenues are included in Entertainment revenues on the consolidated statement of comprehensive income (loss).
Earnings per share	Earnings per share — Basic net income (loss) per share is computed by dividing net income (loss) available to common shareholders by the basic weighted average number of common shares outstanding for the reporting period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue
Acquisitions	Acquisitions — The Company accounts for acquisitions under the acquisition method of accounting, which requires the acquired assets and liabilities, including contingencies, be recorded at fair value determined on the acquisition date and changes thereafter reflected in income. For significant acquisitions, the Company obtains independent third-party valuation studies for certain of the assets acquired and liabilities assumed to assist the Company in determining fair value. The estimation of the fair values of the assets acquired and liabilities assumed involves a number of estimates and assumptions that could differ materially from the actual amounts realized. The Company provides assumptions, including both quantitative and qualitative information, about the specified asset or liability to the third-party valuation firms so they can assist in determining the fair value of assets and liabilities acquired. The Company then records acquired assets and liabilities at their estimated fair value based on the information provided. The third-party valuation firms are supervised by Company personnel who are knowledgeable about valuations and fair value. The Company evaluates the appropriateness of the assumptions and valuation methodologies utilized by the third-party valuation firms.
Recent accounting pronouncements	Recent accounting pronouncements — We reviewed the accounting pronouncements that became effective for fiscal year 2023 and determined that either they were not applicable, or they did not have a material impact on the consolidated financial statements. We also reviewed the recently issued accounting pronouncements to be adopted in future periods and determined that they are not expected to have a material impact on the consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Oct. 29, 2023
Accounting Policies [Abstract]
Schedule of Debt Securities, Available-for-Sale	The fair value of the Company's debt was as follows as of the periods indicated: October 29, 2023 January 29, 2023 Revolving credit facility $ — — Term loan 899.4 864.5 Senior secured notes 437.6 441.8 $ 1,337.0 $ 1,306.3
Summary of Revenue from Segments	The Company's revenue for these categories was as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 Entertainment $ 296.2 $ 309.5 $ 1,035.4 $ 914.7 Other (1) 5.8 5.8 20.5 11.2 Entertainment revenues $ 302.0 $ 315.3 $ 1,055.9 $ 925.9 Food and non-alcoholic beverages $ 109.7 $ 112.9 $ 370.8 $ 323.7 Alcoholic beverages 55.2 53.0 179.6 151.1 Food and beverage revenues $ 164.9 $ 165.9 $ 550.4 $ 474.8 (1) Primarily consists of revenue earned from party rentals and gift card breakage (see Revenue recognition below).
Schedule of Earnings Per Share, Basic and Diluted	Basic weighted average shares outstanding are reconciled to diluted weighted average shares outstanding as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 Basic weighted average shares outstanding 41.81 48.26 44.27 48.56 Weighted average dilutive impact of awards — 0.48 0.82 0.62 Diluted weighted average shares outstanding 41.81 48.74 45.09 49.18 Weighted average awards excluded as anti-dilutive 1.62 0.32 0.90 0.23

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Oct. 29, 2023
Business Combination and Asset Acquisition [Abstract]
Summary of Purchase Price and Net Assets Acquired in the Acquisition	The components of the purchase price and net assets acquired in the Main Event Acquisition are as follows: Amount Gross cash consideration $ 853.2 Contingent consideration (1) 13.8 Less: cash acquired (34.5) Total consideration paid $ 832.5 Assets: Current assets 16.9 Property and equipment 338.3 Operating lease right of use assets 297.2 Tradename 99.2 Other assets and deferred charges 5.8 Liabilities: Accounts payable 20.1 Current portion of operating lease liabilities 11.6 Accrued liabilities 41.6 Operating lease liabilities 279.2 Deferred tax liabilities 35.8 Other long-term liabilities 6.5 Net assets acquired, excluding goodwill $ 362.6 Goodwill $ 469.9 (1) The Company has an obligation to pay, in cash, an aggregate amount equal to any “Transaction Tax Benefits,” with respect to any taxable year of the Company after the Closing Date ending on or before December 31, 2028, including the current taxable year. This amount is based on the present value of the maximum amount provided in the Merger Agreement.
Summary of Unaudited Pro Forma Information Provides the Effect of the Main Event Acquisition	The following unaudited pro forma information provides the effect of the Main Event Acquisition as if the acquisition had occurred on January 31, 2022: Thirty-Nine Weeks Ended October 30, 2022 Revenues $ 1,601.3 Net income $ 94.6

Goodwill and Tradename Assets (

Goodwill and Tradename Assets (Tables)	9 Months Ended
	Oct. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Amount of Goodwill and Tradename Assets	The changes in the carrying amount of goodwill and tradename assets during fiscal 2023 and fiscal 2022 are as follows: Goodwill Tradename Balance at January 30, 2022 $ 272.6 $ 79.0 Acquisition of Main Event (1) 471.9 99.2 Balance at January 29, 2023 $ 744.5 $ 178.2 Adjustments to Main Event goodwill (1)(2) (2.0) — Balance at October 29, 2023 $ 742.5 $ 178.2 (1) See Note 2 for discussion of the Main Event acquisition. (2) Adjustments to preliminary purchase price. The Company finalized its purchase accounting related to the Main Event acquisition in the second quarter of fiscal 2023.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Oct. 29, 2023
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following as of the dates presented: October 29, 2023 January 29, 2023 Deferred entertainment revenue $ 121.8 $ 114.4 Current portion of operating lease liabilities, net (1) 70.4 64.1 Compensation and benefits 23.1 60.6 Accrued interest 24.2 15.8 Deferred gift card revenue 13.2 16.4 Customer deposits 15.9 8.7 Property taxes 15.2 13.1 Sales and use and other taxes 8.0 10.6 Occupancy and variable rent costs 3.7 9.4 Utilities 7.4 7.2 Worker's compensation and general liability claims 5.7 6.7 Other (2) 30.0 15.9 Total accrued liabilities $ 338.6 $ 342.9 (1) The balance of leasehold incentive receivables of $6.0 and $6.0 as of October 29, 2023 and January 29, 2023, respectively, is reflected as a reduction of the current portion of operating lease liabilities. (2) Includes $13.8 accrued transaction tax benefits related to the Main Event acquisition discussed at Note 2 to the consolidated financial statements.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 29, 2023
Leases [Abstract]
Summary of Components of Lease Expense	The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and property taxes, are as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 Operating lease cost $ 49.4 $ 46.1 $ 146.6 $ 119.7 Variable lease cost 9.7 9.3 29.3 28.2 Short-term lease cost 0.8 0.4 2.4 0.8 Total $ 59.9 $ 55.8 $ 178.3 $ 148.7

Debt (Tables)

Debt (Tables)	9 Months Ended
	Oct. 29, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: October 29, 2023 January 29, 2023 Credit facility—revolver $ — $ — Credit facility—term loan 900.0 847.9 Senior secured notes 440.0 440.0 Total debt outstanding 1,340.0 1,287.9 Less current installments of long-term debt (9.0) (8.5) Less issue discounts and debt issuance costs (49.7) (56.7) Long-term debt, net $ 1,281.3 $ 1,222.7

Stockholders' Equity and Shar_2

Stockholders' Equity and Share-Based Compensation (Tables)	9 Months Ended
	Oct. 29, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangement	Our compensation expense related to share-based compensation was as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2023 October 30, 2022 October 29, 2023 October 30, 2022 General and administrative expenses $ 3.5 $ 3.2 $ 15.4 $ 11.5
Schedule of Transactions Related to Stock Options Awards	Our share-based compensation award activity during the thirty-nine weeks ended October 29, 2023 was as follows: Options Restricted Total Outstanding at January 29, 2023 0.98 1.89 2.87 Granted 0.08 0.26 0.34 Exercised (0.04) — (0.04) RSU vestings n/a (0.29) (0.29) Forfeited (0.11) (0.31) (0.42) Outstanding at October 29, 2023 0.91 1.55 2.46 Remaining unrecognized compensation expense $ 4.6 $ 30.2 $ 34.8

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	9 Months Ended
	Oct. 29, 2023 USD ($) state store Province Segment	Jan. 29, 2023 USD ($)	Jun. 29, 2022
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores | store	214
Number of states | state	42
Number of operating segment | Segment	2
Number of reportable segment | Segment	1
Book overdrafts reclassified to accounts payable	$ 0	$ 0
Impairments of long lived assets	1.7
Gift Card Revenue
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue	7.5
Other Comprehensive Income (Loss) | Amusement Revenue
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Deferred amusement revenue	$ 51.9
South Dakota
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of stores | store	10
Canada
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of provinces | Province	1
Ardent
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Business acquisition, percentage of voting interests acquired			100%
Dave And Busters Holdings Inc
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock owned	100%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Debt Securities, Available-for-Sale (Detail) - USD ($) $ in Millions	Oct. 29, 2023	Jan. 29, 2023
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	$ 1,337	$ 1,306.3
Credit facility—revolver
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	0	0
Term loan
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	899.4	864.5
Senior secured notes
Description Of Business And Basis Of Presentation [Line Items]
Long-term debt, fair value	$ 437.6	$ 441.8

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Revenue (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 466.9	$ 481.2	$ 1,606.3	$ 1,400.7
Entertainment
Disaggregation of Revenue [Line Items]
Total revenues	296.2	309.5	1,035.4	914.7
Other Entertainment
Disaggregation of Revenue [Line Items]
Total revenues	5.8	5.8	20.5	11.2
Entertainment revenues
Disaggregation of Revenue [Line Items]
Total revenues	302	315.3	1,055.9	925.9
Food and non-alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	109.7	112.9	370.8	323.7
Alcoholic beverages
Disaggregation of Revenue [Line Items]
Total revenues	55.2	53	179.6	151.1
Food and beverage revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 164.9	$ 165.9	$ 550.4	$ 474.8

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Earnings Per Share, Basic and Diluted (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Accounting Policies [Abstract]
Basic weighted average shares outstanding (in shares)	41,810	48,260	44,270	48,560
Weighted average dilutive impact of awards (in shares)	0	480	820	620
Diluted weighted average shares outstanding (in shares)	41,810	48,740	45,090	49,180
Weighted average awards excluded as anti-dilutive (in shares)	1,620	320	900	230

Business Combinations - Summary

Business Combinations - Summary of Purchase Price and Net Assets Acquired in the Acquisition (Detail) - USD ($) $ in Millions	Jun. 29, 2022	Oct. 29, 2023	Jan. 29, 2023	Jan. 30, 2022
Liabilities:
Goodwill		$ 742.5	$ 744.5	$ 272.6
Main Event
Business Acquisition [Line Items]
Gross cash consideration	$ 853.2
Contingent consideration	13.8
Less: cash acquired	(34.5)
Total consideration paid	832.5
Assets:
Current assets	16.9
Property and equipment	338.3
Operating lease right of use assets	297.2
Tradename	99.2
Other assets and deferred charges	5.8
Liabilities:
Accounts payable	20.1
Current portion of operating lease liabilities	11.6
Accrued liabilities	41.6
Operating lease liabilities	279.2
Deferred tax liabilities	35.8
Other long-term liabilities	6.5
Net assets acquired, excluding goodwill	362.6
Goodwill	$ 469.9

Business Combinations - Summa_2

Business Combinations - Summary of Unaudited Pro Forma Information Provides the Effect of the Acquisition of Main Event (Detail) - Main Event $ in Millions	9 Months Ended
	Oct. 30, 2022 USD ($)
Business Acquisition Proforma Information [Line Items]
Revenues	$ 1,601.3
Net income	$ 94.6

Goodwill and Tradename Assets_2

Goodwill and Tradename Assets (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Oct. 29, 2023	Jan. 30, 2022
Goodwill [Roll Forward]
Beginning balance	$ 744.5
Acquisition of Main Event		$ 471.9
Adjustments to Main Event goodwill	(2)
Ending balance	742.5	272.6
Intangible Assets [Roll Forward]
Beginning balance	178.2
Acquisition of Main Event		99.2
Adjustments to Main Event goodwill	0
Ending balance	$ 178.2	$ 79

Accrued Liabilities - Accrued L

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Millions	Oct. 29, 2023	Jan. 29, 2023
Accrued Liabilities, Current [Line Items]
Deferred entertainment revenue	$ 121.8	$ 114.4
Current portion of operating lease liabilities, net	70.4	64.1
Compensation and benefits	23.1	60.6
Accrued interest	24.2	15.8
Deferred gift card revenue	13.2	16.4
Customer deposits	15.9	8.7
Property taxes	15.2	13.1
Sales and use and other taxes	8	10.6
Occupancy and variable rent costs	3.7	9.4
Utilities	7.4	7.2
Worker's compensation and general liability claims	5.7	6.7
Other	30	15.9
Total accrued liabilities	$ 338.6	$ 342.9
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities	Total accrued liabilities
Receivables for tenant improvement allowances	$ 6	$ 6
Main Event
Accrued Liabilities, Current [Line Items]
Accrued transaction tax benefits from acquisition	$ 13.8

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	1 Months Ended	9 Months Ended
	Oct. 31, 2023 USD ($) store	Oct. 29, 2023 USD ($) lease option	Oct. 30, 2022 USD ($)
Operating Leased Assets [Line Items]
Number of options to renew | option		1
Future minimum rent operating leases not yet commenced		$ 179.2
Number of leases not yet commenced | lease		10
Proceeds from sale-leaseback transaction		$ 84.2	$ 0
Current outstanding liability recorded in accrued liabilities		0.2
Long term outstanding liability recorded in other liabilities		$ 84
Subsequent Event
Operating Leased Assets [Line Items]
Stores sold | store	4
Price of stores sold	$ 85.8
Proceeds from sale-leaseback transaction	84.2
Monthly rent expense	$ 6.4
Minimum
Operating Leased Assets [Line Items]
Term of contract		10 years
Maximum
Operating Leased Assets [Line Items]
Term of contract		20 years

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Leases [Abstract]
Operating lease cost	$ 49.4	$ 46.1	$ 146.6	$ 119.7
Variable lease cost	9.7	9.3	29.3	28.2
Short-term lease cost	0.8	0.4	2.4	0.8
Total	$ 59.9	$ 55.8	$ 178.3	$ 148.7

Debt - Long-Term Debt (Detail)

Debt - Long-Term Debt (Detail) - USD ($) $ in Millions	Oct. 29, 2023	Jan. 29, 2023
Debt Instrument [Line Items]
Long-term debt	$ 1,340	$ 1,287.9
Less current installments of long-term debt	(9)	(8.5)
Less issue discounts and debt issuance costs	(49.7)	(56.7)
Long-term debt, net	1,281.3	1,222.7
Credit facility—revolver
Debt Instrument [Line Items]
Credit facility	0	0
Credit facility—term loan
Debt Instrument [Line Items]
Credit facility	900	847.9
Senior secured notes
Debt Instrument [Line Items]
Long-term debt	$ 440	$ 440

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions			3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 29, 2022 USD ($)	Oct. 29, 2023 USD ($)	Oct. 30, 2022 USD ($)	Oct. 29, 2023 USD ($)	Oct. 30, 2022 USD ($)	Jan. 29, 2023 USD ($)	Jun. 29, 2023 USD ($)	Oct. 27, 2020 USD ($)
Debt Instrument [Line Items]
Weighted average interest rate on outstanding borrowings			10.30%	9.50%	10.30%	9.50%
Credit spread adjustment					0.0010
Unamortized issuance discounts			$ 49.7		$ 49.7		$ 56.7
Loss on extinguishment of debt			0	$ 0	11.2	$ 1.5
Amortization of debt issuance costs					8.9	$ 5.5
Credit Facility | Increase of Revolving Credit Facility
Debt Instrument [Line Items]
Amount to increase revolving credit facility			$ 400		$ 400
EBITDA multiplier to increase revolving credit facility			0.75		0.75
Credit facility—revolver
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 500
Line of credit facility, maximum amount outstanding during period		35
Letter of credit facility outstanding			$ 9.8		$ 9.8
Borrowing available			$ 490.2		$ 490.2
Credit facility—revolver | Initial Rate | Minimum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage					0.30%
Credit facility—revolver | Initial Rate | Maximum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage					0.50%
Credit facility—revolver | SOFR Rate
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment					3.75%
Credit facility—revolver | SOFR Rate | Minimum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment					3%
Credit facility—revolver | SOFR Rate | Maximum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment					3.50%
Credit facility—revolver | ABR Loans
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment					2.75%
Credit facility—revolver | ABR Loans | Minimum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment					2%
Credit facility—revolver | ABR Loans | Maximum
Debt Instrument [Line Items]
Debt Instrument, additional credit spread adjustment					2.50%
Term loan
Debt Instrument [Line Items]
Senior secured credit facility		850
Original issue discount		42.5
Term loan | 2023 Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility	$ 900
Weighted average interest rate on outstanding borrowings	1.25%
Original issue discount	1%
Prepayment premium	0.0100
Credit spread adjustment					0.0010
Unamortized issuance discounts	$ 38.4							$ 46.9
Unamortized costs written off					$ 8.5
Expensed new fees					2.7
Loss on extinguishment of debt					$ 11.2
New issuance discount and costs								$ 9.4
Term loan | 2023 Refinancing Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility	843.6
Term loan | 2023 Additional Term B Loan
Debt Instrument [Line Items]
Senior secured credit facility	$ 56.4
Springing Maturity Date | Credit facility—revolver
Debt Instrument [Line Items]
Long term debt, gross		$ 100
Date of outstanding debt prior to maturity date		91 days
Senior Notes | Senior secured notes
Debt Instrument [Line Items]
Senior secured credit facility									$ 550
Weighted average interest rate on outstanding borrowings									7.625%
Outstanding principal amount of notes							$ 110

Stockholders' Equity and Shar_3

Stockholders' Equity and Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	9 Months Ended
	Oct. 29, 2023	Sep. 04, 2023	Apr. 19, 2023	Mar. 27, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock repurchase program, authorized amount		$ 400	$ 300	$ 100
Additional authorized amount		$ 100	$ 200
Treasury shares acquired not including shares paid for tax withholding for share based compensation (in shares)	8,490
Weighted average price of shares acquired (in dollars per share)	$ 35.35
Share repurchase program, amount	$ 100
Minimum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period	1 year
Maximum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period	5 years

Stockholders' Equity and Shar_4

Stockholders' Equity and Share-Based Compensation - Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation			$ 15.4	$ 11.5
General and administrative expenses
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 3.5	$ 3.2	$ 15.4	$ 11.5

Stockholders' Equity and Shar_5

Stockholders' Equity and Share-Based Compensation - Schedule of Transactions Related to Stock Option Awards (Detail) - 2014 Stock Incentive Plan shares in Thousands, $ in Millions	9 Months Ended
	Oct. 29, 2023 USD ($) shares
Number of Options
Options outstanding, beginning (in shares)	2,870
Granted (in shares)	340
Exercised (in shares)	(40)
RSU vestings (in shares)	(290)
Forfeited (in shares)	(420)
Options outstanding, ending (in shares)	2,460
Remaining unrecognized compensation expense | $	$ 34.8
Options
Number of Options
Options outstanding, beginning (in shares)	980
Granted (in shares)	80
Exercised (in shares)	(40)
Forfeited (in shares)	(110)
Options outstanding, ending (in shares)	910
Remaining unrecognized compensation expense | $	$ 4.6
Restricted Stock Units
Number of Options
Options outstanding, beginning (in shares)	1,890
Granted (in shares)	260
Exercised (in shares)	0
RSU vestings (in shares)	(290)
Forfeited (in shares)	(310)
Options outstanding, ending (in shares)	1,550
Remaining unrecognized compensation expense | $	$ 30.2

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Jan. 30, 2022
Income Tax Disclosure [Abstract]
Effective tax rate	19.90%	22.80%
Income tax receivable related to CARES Act			$ 0.8