RH (RH) 10-Q 9 Dec 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 30, 2021	Dec. 03, 2021
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 30, 2021
Entity File Number	001-35720
Entity Registrant Name	RH
Entity Tax Identification Number	45-3052669
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	15 Koch Road
Entity Address, City or Town	Corte Madera
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94925
City Area Code	415
Local Phone Number	924-1005
Title of 12(b) Security	Common Stock
Trading Symbol	RH
Security Exchange Name	NYSE
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		21,468,715
Entity Central Index Key	0001528849
Current Fiscal Year End Date	--01-29
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Current assets:
Cash and cash equivalents	$ 2,198,961	$ 100,446
Accounts receivable-net	60,621	59,474
Merchandise inventories	633,591	544,227
Prepaid expense and other current assets	120,666	97,337
Total current assets	3,013,839	801,484
Property and equipment-net	1,196,335	1,077,198
Operating lease right-of-use assets	551,731	456,164
Goodwill	141,141	141,100
Tradenames, trademarks and other intangible assets	72,907	71,663
Deferred tax assets	49,870	49,924
Equity method investments	97,976	100,603
Other non-current assets	296,226	200,177
Total assets	5,420,025	2,898,313
Current liabilities:
Accounts payable and accrued expenses	395,148	424,422
Deferred revenue and customer deposits	385,070	280,641
Operating lease liabilities	74,706	71,524
Federal and state tax payable	11,592	49,539
Other current liabilities	131,779	142,691
Total current liabilities	1,096,310	921,632
Term loan-net	1,957,366
Non-current operating lease liabilities	538,886	448,169
Non-current finance lease liabilities	549,098	485,481
Other non-current obligations	11,346	16,981
Total liabilities	4,398,650	2,451,287
Commitments and contingencies (Note 16)
Mezzanine equity-convertible senior notes (Note 9)	13,571
Stockholders' equity:
Preferred stock-$0.0001 par value per share, 10,000,000 shares authorized, no shares issued or outstanding as of October 30, 2021 and January 30, 2021
Common stock-$0.0001 par value per share, 180,000,000 shares authorized, 21,465,133 shares issued and outstanding as of October 30, 2021; 20,995,387 shares issued and outstanding as of January 30, 2021	2	2
Additional paid-in capital	602,571	581,897
Accumulated other comprehensive income	1,168	2,565
Retained earnings (accumulated deficit)	404,063	(137,438)
Total stockholders' equity	1,007,804	447,026
Total liabilities, mezzanine equity and stockholders' equity	5,420,025	2,898,313
Equipment promissory notes
Current liabilities:
Equipment promissory notes-net	1,625	14,614
Convertible senior notes due 2023
Current liabilities:
Convertible senior notes due-net current	53,242	2,354
Convertible senior notes due-net noncurrent	62,214	282,956
Convertible senior notes due 2024
Current liabilities:
Convertible senior notes due-net current	56,365
Convertible senior notes due-net noncurrent	$ 181,805	$ 281,454

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 30, 2021	Jan. 30, 2021
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	180,000,000	180,000,000
Common stock, shares issued	21,465,133	20,995,387
Common stock, shares outstanding	21,465,133	20,995,387

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
Net revenues	$ 1,006,428	$ 844,013	$ 2,856,079	$ 2,036,190
Cost of goods sold	501,174	435,683	1,456,172	1,095,787
Gross profit	505,254	408,330	1,399,907	940,403
Selling, general and administrative expenses	232,715	297,109	690,492	657,161
Income from operations	272,539	111,221	709,415	283,242
Other expenses
Interest expense-net	13,223	15,656	40,112	54,703
Tradenames, trademarks and other intangible assets				20,459
(Gain) loss on extinguishment of debt	18,513		21,784	(152)
Total other expenses	31,736	15,656	61,896	75,010
Income before income taxes	240,803	95,565	647,519	208,232
Income tax expense	54,391	49,154	99,124	66,610
Income before equity method investments	186,412	46,411	548,395	141,622
Share of equity method investments losses	(2,313)		(6,894)
Net income	$ 184,099	$ 46,411	$ 541,501	$ 141,622
Weighted-average shares used in computing basic net income per share	21,430,557	19,552,836	21,200,146	19,393,931
Basic net income per share	$ 8.59	$ 2.37	$ 25.54	$ 7.30
Weighted-average shares used in computing diluted net income per share	31,291,079	28,286,124	31,493,396	26,351,194
Diluted net income per share	$ 5.88	$ 1.64	$ 17.19	$ 5.37

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
Net income	$ 184,099	$ 46,411	$ 541,501	$ 141,622
Net gains (losses) from foreign currency translation	(2,097)	(96)	(1,397)	822
Total comprehensive income	$ 182,002	$ 46,315	$ 540,104	$ 142,444

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Mezzanine Equity	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit)	Treasury Stock	Total
Balances at Feb. 01, 2020		$ 2	$ 430,662	$ (2,760)	$ (409,253)		$ 18,651
Balances, shares at Feb. 01, 2020		19,236,681
Stock-based compensation			131,153				131,153
Issuance of restricted stock, Shares		3,192
Vested and delivered restricted stock units			(7,428)				(7,428)
Vested and delivered restricted stock units, Shares		73,106
Exercise of stock options			12,121				12,121
Exercise of stock options, Shares		241,126
Repurchases of common stock						$ (72)	$ (72)
Repurchases of common stock, Shares		(600)				600	0
Retirement of treasury stock			(77)			$ 77	$ (100)
Retirement of treasury stock, Shares						(617)	(600)
Shares issued in connection with warrant agreements		290,967
Settlement of convertible senior notes			(315,708)			$ 315,708
Settlement of convertible senior notes, Shares		1,131,645				(1,131,645)
Exercise of call option under bond hedge upon settlement of convertible senior notes			315,713			$ (315,713)
Exercise of call option under bond hedge upon settlement of convertible senior notes (in shares)		(1,131,662)				1,131,662
Net income					141,622		$ 141,622
Net losses from foreign currency translation				822			822
Balances at Oct. 31, 2020		$ 2	566,436	(1,938)	(267,631)		296,869
Balances, shares at Oct. 31, 2020		19,844,455
Balances at Aug. 01, 2020		$ 2	444,378	(1,842)	(314,042)	$ (5)	128,491
Balances, shares at Aug. 01, 2020		19,485,826				17
Stock-based compensation			118,677				118,677
Vested and delivered restricted stock units			(610)				(610)
Vested and delivered restricted stock units, Shares		2,814
Exercise of stock options			3,996				3,996
Exercise of stock options, Shares		64,848
Retirement of treasury stock			(5)			$ 5
Retirement of treasury stock, Shares						(17)
Shares issued in connection with warrant agreements		290,967
Net income					46,411		46,411
Net losses from foreign currency translation				(96)			(96)
Balances at Oct. 31, 2020		$ 2	566,436	(1,938)	(267,631)		296,869
Balances, shares at Oct. 31, 2020		19,844,455
Balances at Jan. 30, 2021		$ 2	581,897	2,565	(137,438)		447,026
Balances, shares at Jan. 30, 2021		20,995,387
Stock-based compensation			37,284				37,284
Issuance of restricted stock, Shares		1,260
Vested and delivered restricted stock units			(19,354)				(19,354)
Vested and delivered restricted stock units, Shares		39,679
Exercise of stock options			30,080				$ 30,080
Exercise of stock options, Shares		428,788
Repurchases of common stock, Shares							0
Settlement of convertible senior notes			(674,549)			$ 660,784	$ (13,765)
Settlement of convertible senior notes, Shares		983,694				(983,675)
Exercise of call option under bond hedge upon settlement of convertible senior notes			660,784			$ (660,784)
Exercise of call option under bond hedge upon settlement of convertible senior notes (in shares)		(983,675)				983,675
Reclassification of equity component to mezzanine equity related to early converted senior notes outstandingnet			(13,571)				(13,571)
Net income					541,501		541,501
Net losses from foreign currency translation				(1,397)			(1,397)
Balances at Oct. 30, 2021		$ 2	602,571	1,168	404,063		1,007,804
Balances, shares at Oct. 30, 2021		21,465,133
Increase (Decrease) in Temporary Equity [Roll Forward]
Reclassification of equity component to mezzanine equity related to early converted senior notes outstandingnet	$ 13,571
Balances at Oct. 30, 2021	13,571
Balances at Jul. 31, 2021		$ 2	583,112	3,265	219,964		806,343
Balances, shares at Jul. 31, 2021		21,407,717
Stock-based compensation			11,995				11,995
Vested and delivered restricted stock units			(706)				(706)
Vested and delivered restricted stock units, Shares		1,981
Exercise of stock options			4,101				4,101
Exercise of stock options, Shares		55,419
Settlement of convertible senior notes			(592,414)			$ 579,539	(12,875)
Settlement of convertible senior notes, Shares		864,090				(864,074)
Exercise of call option under bond hedge upon settlement of convertible senior notes			579,539			$ (579,539)
Exercise of call option under bond hedge upon settlement of convertible senior notes (in shares)		(864,074)				864,074
Reclassification of equity component to mezzanine equity related to early converted senior notes outstandingnet			16,944				16,944
Net income					184,099		184,099
Net losses from foreign currency translation				(2,097)			(2,097)
Balances at Oct. 30, 2021		$ 2	$ 602,571	$ 1,168	$ 404,063		$ 1,007,804
Balances, shares at Oct. 30, 2021		21,465,133
Balances at Jul. 31, 2021	30,515
Increase (Decrease) in Temporary Equity [Roll Forward]
Reclassification of equity component to mezzanine equity related to early converted senior notes outstandingnet	(16,944)
Balances at Oct. 30, 2021	$ 13,571

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 541,501	$ 141,622
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	71,375	76,688
Non-cash operating lease cost	54,084	47,069
Tradename impairment		20,459
Asset impairments	7,354	4,783
Loss on sale leaseback transaction		9,352
Amortization of debt discount	24,236	33,810
Stock-based compensation expense	37,426	131,472
Non-cash finance lease interest expense	19,468	17,887
Product recalls	840	5,561
Deferred income taxes	(122)	117
(Gain) loss on extinguishment of debt	21,784	(152)
Share of equity method investments losses	6,894
Other non-cash items	(6,030)	3,274
Cash paid attributable to accretion of debt discount upon settlement of debt	(39,078)	(84,003)
Change in assets and liabilities:
Accounts receivable	(1,131)	(6,070)
Merchandise inventories	(89,225)	(57,781)
Prepaid expense and other assets	(39,168)	(47,288)
Landlord assets under construction-net of tenant allowances	(50,351)	(44,921)
Accounts payable and accrued expenses	(17,980)	10,844
Deferred revenue and customer deposits	104,419	111,436
Other current liabilities	(28,106)	29,153
Current and non-current operating lease liabilities	(59,194)	(36,810)
Other non-current obligations	(25,314)	(19,239)
Net cash provided by operating activities	533,682	347,263
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(153,774)	(71,755)
Equity method investments	(4,816)	(7,500)
Acquisition of business and assets		(13,052)
Proceeds from sale of assets		25,006
Net cash used in investing activities	(158,590)	(67,301)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under term loan	2,000,000
Repayments under promissory and equipment security notes	(17,164)	(10,872)
Debt issuance costs	(26,411)
Repayments of convertible senior notes	(235,126)	(215,846)
Principal payments under finance leases	(10,511)	(8,801)
Proceeds from exercise of stock options	30,080	12,121
Tax withholdings related to issuance of stock-based awards	(19,354)	(7,428)
Net cash provided by (used in) financing activities	1,721,514	(230,826)
Effects of foreign currency exchange rate translation	34	(10)
Net increase in cash and cash equivalents and restricted cash equivalents	2,096,640	49,126
Cash and cash equivalents and restricted cash equivalents
Beginning of period-cash and cash equivalents	100,446	47,658
Beginning of period-restricted cash equivalents (acquisition related escrow deposits)	6,625
Beginning of period-cash and cash equivalents	107,071	47,658
End of period-cash and cash equivalents	2,198,961	89,884
End of period-restricted cash equivalents (acquisition related escrow deposits)	4,750	6,900
End of period-cash and cash equivalents and restricted cash equivalents	2,203,711	96,784
Non-cash transactions:
Property and equipment additions in accounts payable and accrued expenses at period-end	12,313	23,277
Landlord asset additions in accounts payable and accrued expenses at period-end	28,666	20,296
Reclassification of assets from landlord assets under construction to finance lease right-of-use assets	32,405	68,459
Shares issued on settlement of convertible senior notes	(674,549)	(315,708)
Shares received on exercise of call option under bond hedge upon settlement of convertible senior notes	$ 660,784	315,713
Asset based credit facility
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under asset based credit facility		359,400
Repayments under asset based credit facility		$ (359,400)

The Company

The Company	9 Months Ended
	Oct. 30, 2021
The Company
The Company	NOTE 1—THE COMPANY Nature of Business RH, a Delaware corporation, together with its subsidiaries (collectively, “we,” “us,” or the “Company”), is a leading luxury retailer in the home furnishings market that offers merchandise assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. These products are sold through our retail locations, websites and Source Books. As of October 30, 2021, we operated a total of 66 RH Galleries and 38 RH Outlet stores in 30 states, the District of Columbia and Canada, as well as 14 Waterworks Showrooms throughout the United States and in the U.K., and had sourcing operations in Shanghai and Hong Kong. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared from our records and, in our senior leadership team’s opinion, include all adjustments, consisting of normal recurring adjustments, necessary to fairly state our financial position as of October 30, 2021, and the results of operations for the three and nine months ended October 30, 2021 and October 31, 2020. Our current fiscal year, which consists of 52 weeks, ends on January 29, 2022 (“fiscal 2021”). Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted for purposes of these interim condensed consolidated financial statements. The preparation of our condensed consolidated financial statements in conformity with GAAP requires our senior leadership team to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and such differences could be material to the condensed consolidated financial statements. We have assessed various accounting estimates and other matters, including those that require consideration of forecasted financial information, in context of the unknown future impacts of the novel coronavirus disease (“COVID-19” or “the pandemic”) using information that is reasonably available to us at this time. The accounting estimates and other matters we have assessed include, but were not limited to, sales return reserve, inventory reserve, allowance for doubtful accounts, goodwill, and intangible and other long-lived assets. Our current assessment of these estimates is included in our condensed consolidated financial statements as of and for the three and nine months ended October 30, 2021. As additional information becomes available to us, our future assessment of these estimates, including our expectations at the time regarding the duration, scope and severity of the pandemic, as well as other factors, could materially and adversely impact our condensed consolidated financial statements in future reporting periods. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended January 30, 2021 (the “2020 Form 10-K”). The results of operations for the three and nine months ended October 30, 2021 and October 31, 2020 presented herein are not necessarily indicative of the results to be expected for the full fiscal year. Our business, like the businesses of retailers generally, is subject to uncertainty surrounding the financial impact of the pandemic as discussed in Recent Developments—COVID-19 Recent Developments—COVID-19 The COVID-19 outbreak in the first quarter of fiscal 2020 caused disruption to our business operations beginning in the first quarter of fiscal 2020. The pandemic has continued since the initial outbreak and has included spikes and operating restrictions in various locations around the world, as well as new strains of the COVID-19 virus such as the “Delta” and other variants. In our initial response to the pandemic, we undertook immediate adjustments to our business operations including temporarily closing all of our retail locations and Restaurants, curtailing expenses, and delaying investments including scaling back some inventory orders while we assessed the status of our business. Our approach to the crisis evolved quickly as our business trends substantially improved since the second quarter of fiscal 2020 as a result of both the reopening of most of our retail locations and strong consumer demand for our products. Operational restrictions related to the pandemic affecting our retail locations and Restaurants continued to fluctuate through the second quarter of 2021 based upon changes in local conditions and regulations. All of our retail locations and Restaurants were open during the third quarter of fiscal 2021. While our business strengthened during the period from the second quarter of fiscal 2020 and continuing into fiscal 2021, consumer spending patterns may shift away from spending on the home and home-related categories, such as home furnishings, as pandemic restrictions are lifted and consumers return to pre-COVID consumption trends, such as spending on travel and leisure, and other activities. In addition, various constraints in our supply chain, including port delays, have resulted in some delays in our ability to convert business demand into revenues at normal historical rates. We anticipate that the backlog of orders for merchandise from our vendors, coupled with business conditions related to the evolving nature of the pandemic, will continue to adversely affect the capacity of our vendors and supply chain to meet our merchandise demand levels during the remainder of fiscal 2021. It may take several quarters for inventory receipts and manufacturing to catch up to the increase in customer demand and, as a result, the exact timing cannot be accurately predicted due to ongoing uncertainty of the continuing impact of the pandemic on our global supply chain. In particular, business circumstances and operational conditions in numerous international locations where our vendors operate are subject to ongoing risks, and regions in which our vendors have production facilities, most notably Vietnam, have experienced various surges in outbreaks and, in some cases, facility closures and other restrictions related to the pandemic. As a result, the ongoing nature of the pandemic may continue to adversely affect our business operations in various jurisdictions, which could, in turn, have a negative impact on our vendors and supply chain, and therefore, our business. Our decisions regarding the sources and uses of capital in our business will continue to reflect and adapt to changes in market conditions and our business including further developments with respect to the pandemic. For more information, refer to the section entitled Risk Factors

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Oct. 30, 2021
Recently Issued Accounting Standards
Recently Issued Accounting Standards	NOTE 2—RECENTLY ISSUED ACCOUNTING STANDARDS New Accounting Standards or Updates Adopted Income Taxes In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12—Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes New Accounting Standards or Updates Not Yet Adopted Convertible Instruments and Contracts in an Entity’s Own Equity In August 2020, the FASB issued ASU 2020-06—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Prepaid Expense and Other Asset

Prepaid Expense and Other Assets	9 Months Ended
	Oct. 30, 2021
Prepaid Expense and Other Assets
Prepaid Expense and Other Assets	NOTE 3—PREPAID EXPENSE AND OTHER ASSETS Prepaid expense and other current assets consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Prepaid expense and other current assets ​ $ 44,509 ​ $ 35,689 Tenant allowance receivable ​ ​ 16,558 ​ ​ 6,390 Capitalized catalog costs ​ 16,535 ​ 19,067 Promissory notes receivable, including interest (1) ​ 16,119 ​ 13,569 Vendor deposits ​ ​ 15,077 ​ ​ 12,519 Right of return asset for merchandise ​ 7,118 ​ 7,453 Acquisition related escrow deposits ​ ​ 4,750 ​ ​ 2,650 Total prepaid expense and other current assets ​ $ 120,666 ​ $ 97,337 (1) Represents promissory notes, including principal and accrued interest, due from a related party. Refer to Note 5— Equity Method Investments . Other non-current assets consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Landlord assets under construction—net of tenant allowances ​ $ 209,149 ​ $ 135,531 Initial direct costs prior to lease commencement ​ ​ 51,812 ​ 36,770 Capitalized cloud computing costs—net (1) ​ ​ 12,594 ​ ​ 7,254 Other deposits ​ 6,860 ​ 5,287 Deferred financing fees ​ 4,352 ​ 1,525 Acquisition related escrow deposits ​ ​ — ​ ​ 3,975 Other non-current assets ​ 11,459 ​ 9,835 Total other non-current assets ​ $ 296,226 ​ $ 200,177 (1) Presented net of accumulated amortization of $2.9 million and $0.5 million as of October 30, 2021 and January 30, 2021, respectively.

Goodwill, Tradenames, Trademark

Goodwill, Tradenames, Trademarks and Other Intangible Assets	9 Months Ended
	Oct. 30, 2021
Goodwill, Tradenames, Trademarks and Other Intangible Assets
Goodwill, Tradenames, Trademarks and Other Intangible Assets	NOTE 4—GOODWILL, TRADENAMES, TRADEMARKS AND OTHER INTANGIBLE ASSETS The following sets forth the goodwill, tradenames, trademarks and other intangible assets activity for the RH Segment and Waterworks (See Note 17— Segment Reporting in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FOREIGN ​ ​ ​ ​ JANUARY 30, ​ ​ ​ CURRENCY ​ OCTOBER 30, ​ ​ 2021 ​ ADDITIONS ​ TRANSLATION ​ 2021 RH Segment ​ ​ ​ ​ Goodwill ​ $ 141,100 ​ $ — ​ $ 41 ​ $ 141,141 Tradenames, trademarks and other intangible assets ​ 54,663 ​ 1,244 ​ — ​ 55,907 Waterworks (1) ​ ​ ​ ​ ​ ​ Tradename (2) ​ 17,000 ​ — ​ — ​ 17,000 (1) Waterworks reporting unit goodwill of $51.1 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018, with $17.4 million and $33.7 million of impairment recorded in fiscal 2018 and fiscal 2017, respectively. (2) Presented net of an impairment charge of $35.1 million, with $20.5 million and $14.6 million recorded in fiscal 2020 and fiscal 2018, respectively. ​ Waterworks Tradename Impairment During the first quarter of fiscal 2020, as a result of the COVID-19 health crisis and related Showroom closures and slowdown in construction activity, management updated the long-term financial projections for the Waterworks reporting unit which resulted in a significant decrease in forecasted revenues and profitability. We performed an interim impairment test on the Waterworks tradename and the estimated future cash flows of the Waterworks reporting unit indicated the fair value of the tradename asset was below its carrying amount. We determined fair value utilizing a discounted cash flow methodology under the relief-from-royalty method. Significant assumptions under this method include forecasted net revenues and the estimated royalty rate, expressed as a percentage of revenues, in addition to the discount rate based on the weighted-average cost of capital. Based on the impairment test performed, we concluded that the Waterworks reporting unit tradename was impaired as of May 2, 2020. As a result, we recognized a $20.5 million non-cash impairment charge for the Waterworks reporting unit tradename during the three months ended May 2, 2020.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Oct. 30, 2021
Equity Method Investments.
Equity Method Investments	NOTE 5—EQUITY METHOD INVESTMENTS Equity method investments represent our 50 percent membership interests in three privately-held limited liability companies in Aspen, Colorado (each, an “Aspen LLC” and collectively, the “Aspen LLCs” or the “equity method investments”) which were formed during fiscal 2020, and have the purpose of acquiring, developing, operating and selling certain real estate projects in Aspen, Colorado. As we do not have a controlling financial interest in the Aspen LLCs but have the ability to exercise significant influence over the Aspen LLCs, we account for these investments using the equity method of accounting. During the three and nine months ended October 30, 2021, we recorded our proportionate share of equity method investments losses of $2.3 million and $6.9 million, respectively, which is included in the condensed consolidated statements of income and a corresponding decrease to the carrying value of equity method investments As of October 30, 2021, $16.1 million of promissory notes receivable, inclusive of accrued interest, are outstanding with the managing member, which are included in prepaid expense and other current assets An affiliate of the managing member of the Aspen LLCs became the landlord of an additional RH Design Gallery in the first quarter of fiscal 2021. In the third quarter of fiscal 2021, we purchased an additional 20% interest in one of the Aspen LLCs, which continues to be accounted for as an equity method investment.

Accounts Payable, Accrued Expen

Accounts Payable, Accrued Expenses and Other Current Liabilities	9 Months Ended
	Oct. 30, 2021
Accounts Payable, Accrued Expenses and Other Current Liabilities
Accounts Payable, Accrued Expenses and Other Current Liabilities	NOTE 6—ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accounts payable and accrued expenses consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Accounts payable ​ $ 205,595 ​ $ 224,906 Accrued compensation ​ 76,739 ​ 84,860 Accrued freight and duty ​ 29,491 ​ 29,754 Accrued occupancy ​ 28,241 ​ 17,671 Accrued sales taxes ​ 27,019 ​ 23,706 Accrued professional fees ​ 4,953 ​ 5,383 Accrued catalog costs ​ 3,525 ​ 4,354 Deferred consideration for asset purchase ​ ​ — ​ ​ 14,387 Other accrued expenses ​ 19,585 ​ 19,401 Total accounts payable and accrued expenses ​ $ 395,148 ​ $ 424,422 ​ Other current liabilities consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Allowance for sales returns ​ $ 27,033 ​ $ 25,559 Unredeemed gift card and merchandise credit liability ​ 22,794 ​ 19,173 Current portion of term loan ​ ​ 20,000 ​ ​ — Current portion of equipment promissory notes ​ ​ 18,878 ​ ​ 22,747 Finance lease liabilities ​ ​ 15,017 ​ ​ 14,671 Federal and state tax payable ​ ​ 11,592 ​ ​ 49,539 Other current liabilities ​ 16,465 ​ 11,002 Total other current liabilities ​ $ 131,779 ​ $ 142,691 ​ Contract Liabilities We defer revenue associated with merchandise delivered via the home-delivery channel. We expect that substantially all of the deferred revenue and customer deposits as of October 30, 2021 will be recognized within the next six months as the performance obligations are satisfied. New membership fees are recorded as deferred revenue when collected from customers and recognized as revenue based on expected product revenues over the annual membership period, based on historical trends of sales to members. Membership renewal fees are recorded as deferred revenue when collected from customers and are recognized as revenue on a straight-line basis over the membership period, or one year. In addition, we defer revenue when cash payments are received in advance of performance for unsatisfied obligations related to our gift cards. During the three months ended October 30, 2021 and October 31, 2020, we recognized $ million and $5.6 million, respectively, of revenue related to previous deferrals related to our gift cards. During the nine months ended October 30, 2021 and October 31, 2020, we recognized $14.2 million and $16.2 million, respectively, of revenue related to previous deferrals related to our gift cards. During the three months ended October 30, 2021 and October 31, 2020, we recorded gift card breakage of $0.5 million and $0.2 million, respectively. During the nine months ended October 30, 2021 and October 31, 2020, we recorded gift card breakage of $1.4 million and $1.0 million, respectively. We expect that approximately 75% of the remaining gift card liabilities as of October 30, 2021 will be recognized when the gift cards are redeemed by customers.

Other Non-Current Obligations

Other Non-Current Obligations	9 Months Ended
	Oct. 30, 2021
Other Non-Current Obligations.
Other Non-Current Obligations	NOTE 7—OTHER NON-CURRENT OBLIGATIONS Other non-current obligations consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Deferred payroll taxes ​ $ 4,461 ​ $ 4,461 Unrecognized tax benefits ​ 2,810 ​ 3,114 Other non-current obligations ​ 4,075 ​ 9,406 Total other non-current obligations ​ $ 11,346 ​ $ 16,981 ​

Leases

Leases	9 Months Ended
	Oct. 30, 2021
Leases
Leases	NOTE 8—LEASES Lease costs—net consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ OCTOBER 30, OCTOBER 31, ​ OCTOBER 30, OCTOBER 31, ​ 2021 2020 ​ 2021 2020 Operating lease cost (1) $ 25,637 ​ $ 21,111 $ 74,794 ​ $ 62,018 Finance lease costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of leased assets (1) ​ 10,860 ​ ​ 10,841 ​ ​ 32,574 ​ ​ 30,554 Interest on lease liabilities (2) ​ 6,711 ​ ​ 6,158 ​ ​ 19,468 ​ ​ 17,887 Variable lease costs (3) ​ 9,096 ​ ​ 5,930 ​ ​ 25,436 ​ ​ 13,410 Sublease income (4) ​ (1,189) ​ ​ (1,519) ​ ​ (3,507) ​ ​ (6,213) Total lease costs—net $ 51,115 ​ $ 42,521 ​ $ 148,765 ​ $ 117,656 (1) Operating lease costs and amortization of finance lease right-of-use assets are included in cost of goods sold or selling, general and administrative expenses on the condensed consolidated statements of income based on our accounting policy. Refer to Note 3— Significant Accounting Policies in the 2020 Form 10-K. (2) Included in interest expense—net on the condensed consolidated statements of income. (3) Represents variable lease payments under operating and finance lease agreements. The amounts primarily represent contingent rent based on a percentage of retail sales over contractual levels of $6.9 million and $4.0 million for the three months ended October 30, 2021 and October 31, 2020, respectively, and $18.8 million and $8.3 million for the nine months ended October 30, 2021 and October 31, 2020, respectively. Other variable costs, which include single lease cost related to variable lease payments based on an index or rate that were not included in the measurement of the initial lease liability and right-of-use asset, were not material in any period. (4) Included in selling, general and administrative expenses on the condensed consolidated statements of income. Lease right-of-use assets and lease liabilities consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ ​ 2021 2021 ​ ​ Balance Sheet Classification ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ Operating lease right-of-use assets ​ $ 551,731 ​ $ 456,164 Finance leases (1)(2) ​ Property and equipment—net ​ ​ 764,669 ​ ​ 711,804 Total lease right-of-use assets ​ ​ ​ $ 1,316,400 ​ $ 1,167,968 Liabilities ​ ​ ​ ​ ​ ​ ​ ​ Current (3) ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ Operating lease liabilities ​ $ 74,706 ​ $ 71,524 Finance leases ​ Other current liabilities ​ ​ 15,017 ​ ​ 14,671 Total lease liabilities—current ​ ​ ​ ​ 89,723 ​ ​ 86,195 Non-current ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ Non-current operating lease liabilities ​ ​ 538,886 ​ ​ 448,169 Finance leases ​ Non-current finance lease liabilities ​ ​ 549,098 ​ ​ 485,481 Total lease liabilities—non-current ​ ​ ​ ​ 1,087,984 ​ ​ 933,650 Total lease liabilities ​ ​ ​ $ 1,177,707 ​ $ 1,019,845 (1) Finance lease right-of-use assets include capitalized amounts related to our completed construction activities to design and build leased assets, which are reclassified from other non-current assets upon lease commencement. (2) Finance lease right-of-use assets are recorded net of accumulated amortization of $162.9 million and $133.0 million as of October 30, 2021 and January 30, 2021, respectively. (3) Current portion of lease liabilities represents the reduction of the related lease liability over the next 12 months. The maturities of lease liabilities are as follows as of October 30, 2021 ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPERATING ​ FINANCE ​ ​ FISCAL YEAR ​ ​ LEASES LEASES TOTAL Remainder of fiscal 2021 ​ ​ ​ $ 23,974 ​ $ 10,395 ​ $ 34,369 2022 ​ ​ ​ ​ 95,692 ​ ​ 41,885 ​ ​ 137,577 2023 ​ ​ ​ ​ 87,244 ​ ​ 42,300 ​ ​ 129,544 2024 ​ ​ ​ ​ 80,525 ​ ​ 42,694 ​ ​ 123,219 2025 ​ ​ ​ ​ 79,822 ​ ​ 43,910 ​ ​ 123,732 2026 ​ ​ ​ ​ 76,504 ​ ​ 44,690 ​ ​ 121,194 Thereafter ​ ​ ​ ​ 299,552 ​ ​ 711,436 ​ ​ 1,010,988 Total lease payments (1)(2) ​ ​ ​ ​ 743,313 ​ ​ 937,310 ​ ​ 1,680,623 Less—imputed interest (3) ​ ​ ​ ​ (129,721) ​ ​ (373,195) ​ ​ (502,916) Present value of lease liabilities ​ ​ ​ $ 613,592 ​ $ 564,115 ​ $ 1,177,707 (1) Total lease payments include future obligations for renewal options that are reasonably certain to be exercised and are included in the measurement of the lease liability. Total lease payments exclude $719.6 million of legally binding payments under the non-cancellable term for leases signed but not yet commenced under our accounting policy as of October 30, 2021, of which $6.4 million, $31.8 million, $37.5 million, $41.8 million, $44.0 million and $42.8 million will be paid in the remainder of fiscal 2021, fiscal 2022, fiscal 2023, fiscal 2024, fiscal 2025 and fiscal 2026, respectively, and $515.3 million will be paid subsequent to fiscal 2026. (2) Excludes future commitments under short-term lease agreements of $0.9 million as of October 30, 2021. (3) Calculated using the discount rate for each lease at lease commencement. Supplemental information related to leases consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 ​ 2020 Weighted-average remaining lease term (years) ​ ​ ​ ​ ​ Operating leases ​ 9.3 ​ ​ 8.8 Finance leases ​ 20.1 ​ ​ 18.6 Weighted-average discount rate ​ ​ ​ ​ ​ Operating leases ​ 3.84% ​ ​ 3.86% Finance leases ​ 4.97% ​ ​ 5.04% ​ Other information related to leases consists of the following (in thousands) ​ ​ ​ ​ ​ ​ ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 ​ 2020 Cash paid for amounts included in the measurement of lease liabilities ​ ​ ​ ​ ​ Operating cash flows from operating leases $ (76,957) ​ $ (49,251) Operating cash flows from finance leases ​ (19,774) ​ ​ (14,170) Financing cash flows from finance leases ​ (10,511) ​ ​ (8,801) Total cash outflows from leases $ (107,242) ​ $ (72,222) Lease right-of-use assets obtained in exchange for lease obligations—net of lease terminations (non-cash) ​ ​ ​ ​ ​ Operating leases $ 151,548 ​ $ 45,341 Finance leases ​ 73,855 ​ ​ 57,440 ​ Build-to-Suit Asset During the second quarter of fiscal 2021, we opened the Dallas Design Gallery. During the construction period of this Design Gallery, we were the “deemed owner” for accounting purposes and classified the construction costs as build-to-suit asset within property & equipment—net on our condensed consolidated balance sheets. Upon construction completion and lease commencement, we performed a sale-leaseback analysis and determined that we cannot derecognize the build-to-suit asset. Therefore, the asset will remain classified as a build-to-suit asset within property and equipment—net and will depreciate over the term of the useful life of the asset. Sale-Leaseback Transaction During the second quarter of fiscal 2020, we executed a sale-leaseback transaction for the Minneapolis Design Gallery for sales proceeds of $25.5 million, which qualified for sale-leaseback accounting in accordance with ASC 842. Concurrently with the sale, we entered into an operating leaseback arrangement with an initial lease term of 20 years and a renewal option for an additional 10 years. We recognized a loss related to the execution of the sale transaction of $9.4 million in the second quarter of fiscal 2020, which was recorded in selling, general and administrative expenses Long-lived Asset Impairment During the first quarter of fiscal 2020, we recognized long-lived asset impairment charges of $3.5 million related to one RH Baby & Child and TEEN Gallery and one Waterworks showroom, comprised of lease right-of-use asset impairment of $2.0 million and property and equipment impairment of $1.5 million.

Convertible Senior Notes

Convertible Senior Notes	9 Months Ended
	Oct. 30, 2021
Debt Disclosure
Convertible Senior Notes	NOTE 9—CONVERTIBLE SENIOR NOTES $350 million 0.00% Convertible Senior Notes due 2024 In September 2019 The initial conversion rate applicable to the 2024 Notes is 4.7304 shares of common stock per $1,000 principal amount of 2024 Notes, or a total of approximately 1.656 million shares for the total $350 million principal amount. This initial conversion rate is equivalent to an initial conversion price of approximately $211.40 per share, which represents a 25% premium to the $169.12 closing share price on the day the 2024 Notes were priced. The conversion rate will be subject to adjustment upon the occurrence of certain specified events, but will not be adjusted for any accrued and unpaid special interest. In addition, upon the occurrence of a “make-whole fundamental change” as defined in the indenture governing the 2024 Notes, we will, in certain circumstances, increase the conversion rate by a number of additional shares for a holder that elects to convert its 2024 Notes in connection with such make-whole fundamental change. Prior to June 15, 2024, the 2024 Notes are convertible only under the following circumstances: (1) during any calendar quarter commencing after December 31, 2019, if, for at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on the last trading day of the immediately preceding calendar quarter, the last reported sale price of our common stock on such trading day is greater than or equal to 130% of the applicable conversion price on such trading day; (2) during the five consecutive business day period after any ten consecutive trading day period in which, for each day of that period, the trading price per $1,000 principal amount of 2024 Notes for such trading day was less than 98% of the product of the last reported sale price of our common stock and the applicable conversion rate on such trading day; or (3) upon the occurrence of specified corporate transactions. The first condition was satisfied from the calendar quarter ended September 30, 2020 through the calendar quarter ended September 30, 2021 and, accordingly, holders were eligible to convert their 2024 Notes beginning in the calendar quarter ended December 31, 2020 and are currently eligible to convert their 2024 Notes during the calendar quarter ending December 31, 2021. On and after June 15, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or a portion of their 2024 Notes at any time, regardless of the foregoing circumstances. Upon conversion, the 2024 Notes will be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of our common stock. If the Company has not delivered a notice of its election of settlement method prior to the final conversion period it will be deemed to have elected combination settlement with a dollar amount per note to be received upon conversion of $1,000. We may not redeem the 2024 Notes; however, upon the occurrence of a fundamental change (as defined in the indenture governing the notes), holders may require us to purchase all or a portion of their 2024 Notes for cash at a price equal to 100% of the principal amount of the 2024 Notes to be purchased plus any accrued and unpaid special interest to, but excluding, the fundamental change purchase date. Under GAAP, certain convertible debt instruments that may be settled in cash on conversion are required to be separately accounted for as liability and equity components of the instrument in a manner that reflects the issuer’s non-convertible debt borrowing rate. Accordingly, in accounting for the issuance of the 2024 Notes, we separated the 2024 Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The carrying amount of the equity component, which is recognized as a debt discount, represents the difference between the proceeds from the issuance of the 2024 Notes and the fair value of the liability component of the 2024 Notes. The excess of the principal amount of the liability component over its carrying amount (“debt discount”) will be amortized to interest expense using an effective interest rate of 5.74% over the expected life of the 2024 Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. Debt issuance costs related to the 2024 Notes were comprised of discounts upon original issuance of $3.5 million and third party offering costs of $1.3 million. In accounting for the debt issuance costs related to the issuance of the 2024 Notes, we allocated the total amount incurred to the liability and equity components based on their relative values. Debt issuance costs attributable to the liability component are amortized to interest expense using the effective interest method over the expected life of the 2024 Notes, and debt issuance costs attributable to the equity component are netted with the equity component in stockholders’ equity. Discounts and third party offering costs attributable to the liability component are recorded as a contra-liability and are presented net against the convertible senior notes due 2024 During the second quarter of fiscal 2021, holders of $67.2 million in aggregate principal amount of the 2024 Notes elected to exercise the early conversion option and we elected to settle such conversions using combination settlement comprised of cash equal to the principal amount of the 2024 Notes converted and shares of our common stock for the remaining conversion value. During the three months ended October 30, 2021, we paid $67.2 million in cash and delivered 219,738 shares of common stock to settle the early conversion of these 2024 Notes. As a result, we recognized a loss on extinguishment of the liability component of $5.4 million in the three months ended October 30, 2021. We also received 219,728 shares of common stock from the exercise of a portion of the convertible bond hedge we purchased concurrently with the issuance of the 2024 Notes as described below, and therefore, on a net basis issued ten shares of our common stock in respect to such settlement of the converted 2024 Notes. During the third quarter of fiscal 2021, holders of $56.7 million in aggregate principal amount of the 2024 Notes elected to exercise the early conversion option and we elected to settle such conversions using combination settlement comprised of cash equal to the principal amount of the 2024 Notes converted and shares of our common stock for the remaining conversion value. In accordance with the provisions for such combination settlements, the conversion value is to be determined based on the average conversion value over a 45 current liabilities mezzanine equity other non-current obligations ​ The carrying value of the 2024 Notes, excluding the discounts upon original issuance and third party offering costs, is as follows ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Liability component ​ ​ Principal ​ $ 282,768 ​ $ 350,000 Less: Debt discount ​ (42,836) ​ (65,818) Net carrying amount (1) ​ $ 239,932 ​ $ 284,182 Equity component (2) ​ $ 81,643 ​ $ 87,252 (1) Includes $56.7 million classified within total current liabilities on the condensed consolidated balance sheets as of October 30, 2021 for the early conversion of $56.7 million in principal amount of 2024 Notes to be settled in the fourth quarter of fiscal 2021. (2) Includes $8.6 million in mezzanine equity and the remaining amount in additional paid-in capital on the condensed consolidated balance sheets as of October 30, 2021. As of January 30, 2021, the full amount is included in additional paid-in capital on the condensed consolidated balance sheets. We recorded interest expense of $3.7 million and $4.0 million for the amortization of the debt discount related to the 2024 Notes during the three months ended October 30, 2021 and October 31, 2020, respectively. We recorded interest expense of $12.0 million and $11.8 million for the amortization of the debt discount related to the 2024 Notes during the nine months ended October 30, 2021 and October 31, 2020, respectively. 2024 Notes—Convertible Bond Hedge and Warrant Transactions In connection with the offering of the 2024 Notes and exercise of the overallotment option in September 2019 additional paid-in capital We recorded a deferred tax liability of $21.7 million in connection with the debt discount associated with the 2024 Notes and recorded a deferred tax asset of $22.7 million in connection with the convertible note hedge transactions. The deferred tax liability and deferred tax asset are recorded in deferred tax assets $335 million 0.00% Convertible Senior Notes due 2023 In June 2018 The initial conversion rate applicable to the 2023 Notes is 5.1640 shares of common stock per $1,000 principal amount of 2023 Notes, which is equivalent to an initial conversion price of approximately $193.65 per share. The conversion rate will be subject to adjustment upon the occurrence of certain specified events, but will not be adjusted for any accrued and unpaid special interest. In addition, upon the occurrence of a “make-whole fundamental change” as defined in the indenture governing the 2023 Notes, we will, in certain circumstances, increase the conversion rate by a number of additional shares for a holder that elects to convert its 2023 Notes in connection with such make-whole fundamental change. Prior to March 15, 2023, the 2023 Notes are convertible only under the following circumstances: (1) during any calendar quarter commencing after September 30, 2018, if, for at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on the last trading day of the immediately preceding calendar quarter, the last reported sale price of our common stock on such trading day is greater than or equal to 130% of the applicable conversion price on such trading day; (2) during the five consecutive business day period after any ten consecutive trading day period in which, for each day of that period, the trading price per $1,000 principal amount of 2023 Notes for such trading day was less than 98% of the product of the last reported sale price of our common stock and the applicable conversion rate on such trading day; or (3) upon the occurrence of specified corporate transactions. The first condition was satisfied from the calendar quarter ended September 30, 2020 through the calendar quarter ended September 30, 2021 and, accordingly, holders were eligible to convert their 2023 Notes beginning in the calendar quarter ended December 31, 2020 and are currently eligible to convert their 2023 Notes during the calendar quarter ending December 31, 2021. On and after March 15, 2023, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or a portion of their 2023 Notes at any time, regardless of the foregoing circumstances. Upon conversion, the 2023 Notes will be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of our common stock. If the Company has not delivered a notice of its election of settlement method prior to the final conversion period it will be deemed to have elected combination settlement with a dollar amount per note to be received upon conversion of $1,000. We may not redeem the 2023 Notes; however, upon the occurrence of a fundamental change (as defined in the indenture governing the notes), holders may require us to purchase all or a portion of their 2023 Notes for cash at a price equal to 100% of the principal amount of the 2023 Notes to be purchased plus any accrued and unpaid special interest to, but excluding, the fundamental change purchase date. Under GAAP, certain convertible debt instruments that may be settled in cash on conversion are required to be separately accounted for as liability and equity components of the instrument in a manner that reflects the issuer’s non-convertible debt borrowing rate. Accordingly, in accounting for the issuance of the 2023 Notes, we separated the 2023 Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The carrying amount of the equity component, which is recognized as a debt discount, represents the difference between the proceeds from the issuance of the 2023 Notes and the fair value of the liability component of the 2023 Notes. The excess of the principal amount of the liability component over its carrying amount (“debt discount”) will be amortized to interest expense using an effective interest rate of 6.35% over the expected life of the 2023 Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. Debt issuance costs related to the 2023 Notes were comprised of discounts upon original issuance of $1.7 million and third party offering costs of $4.6 million. In accounting for the debt issuance costs related to the issuance of the 2023 Notes, we allocated the total amount incurred to the liability and equity components based on their relative values. Debt issuance costs attributable to the liability component are amortized to interest expense using the effective interest method over the expected life of the 2023 Notes, and debt issuance costs attributable to the equity component are netted with the equity component in stockholders’ equity. Discounts and third party offering costs attributable to the liability component are recorded as a contra-liability and are presented net against the convertible senior notes due 2023 In December 2020, holders of $2.4 million in aggregate principal amount of the 2023 Notes elected early conversion at the option of the noteholders. During the three months ended May 1, 2021, we paid $2.4 million in cash and delivered 7,307 shares of common stock to settle the early conversion of these 2023 Notes. As a result, we recognized a loss on extinguishment of the liability component of $0.1 million in the three months ended May 1, 2021. We also received 7,305 shares of common stock from the exercise of a portion of the convertible bond hedge we purchased concurrently with the issuance of the 2023 Notes as described below, and therefore, on a net basis issued two shares of our common stock in respect to such settlement of the converted 2023 Notes. During the second and third quarters of fiscal 2021, holders of $30.8 million in aggregate principal amount of the 2023 Notes elected to exercise the early conversion option and we elected to settle such conversions using combination settlement comprised of cash equal to the principal amount of the 2023 Notes converted and shares of our common stock for the remaining conversion value. During the three months ended July 31, 2021, we paid $30.8 million in cash and delivered 112,297 shares of common stock to settle the early conversion of these 2023 Notes. As a result, we recognized a loss on extinguishment of the liability component of $3.2 million in the three months ended July 31, 2021. We also received 112,296 shares of common stock from the exercise of a portion of the convertible bond hedge we purchased concurrently with the issuance of the 2023 Notes as described below, and therefore, on a net basis issued one share of our common stock in respect to such settlement of the converted 2023 Notes. During the third quarter of fiscal 2021, holders of $173.8 million in aggregate principal amount of the 2023 Notes elected to exercise the early conversion option and we elected to settle such conversions using combination settlement comprised of cash equal to the principal amount of the 2023 Notes converted and shares of our common stock for the remaining conversion value. During the three months ended October 30, 2021, we paid $173.8 million in cash and delivered 644,352 shares of common stock to settle the early conversion of these 2023 Notes. As a result, we recognized a loss on extinguishment of the liability component of $11.7 million in the three months ended October 30, 2021. We also received 644,346 shares of common stock from the exercise of a portion of the convertible bond hedge we purchased concurrently with the issuance of the 2023 Notes as described below, and therefore, on a net basis issued six shares of our common stock in respect to such settlement of the converted 2023 Notes. ​ During the third quarter of fiscal 2021, holders of $53.5 million in aggregate principal amount of the 2023 Notes elected to exercise the conversion option and we elected to settle such conversions using combination settlement comprised of cash equal to the principal amount of the 2023 Notes converted and shares of our common stock for the remaining conversion value. In accordance with the provisions for such combination settlements, the conversion value is to be determined based on the average conversion value over a 45 mezzanine equity other non-current obligations The carrying values of the 2023 Notes, excluding the discounts upon original issuance and third party offering costs, are as follows ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Liability component ​ ​ Principal ​ $ 128,030 ​ $ 335,000 Less: Debt discount ​ (11,912) ​ (47,064) Net carrying amount (1) ​ $ 116,118 ​ $ 287,936 Equity component (2) ​ $ 82,834 ​ $ 90,990 (1) Includes $53.5 million classified within total current liabilities on the condensed consolidated balance sheets as of October 30, 2021 for the early conversion of $53.5 million in principal amount of 2023 Notes to be settled in the fourth quarter of fiscal 2021. (2) Includes $5.0 million in mezzanine equity and the remaining amount in additional paid-in capital on the condensed consolidated balance sheets as of October 30, 2021. As of January 30, 2021, the full amount is included in additional paid-in capital on the condensed consolidated balance sheets. We recorded interest expense of $3.1 million and $4.4 million for the amortization of the debt discount related to the 2023 Notes during the three months ended October 30, 2021 and October 31, 2020, respectively. We recorded interest expense of $12.3 million and $13.1 million for the amortization of the debt discount related to the 2023 Notes during the nine months ended October 30, 2021 and October 31, 2020, respectively. 2023 Notes—Convertible Bond Hedge and Warrant Transactions In connection with the offering of the 2023 Notes and exercise of the overallotment option in June 2018 additional paid-in capital We recorded a deferred tax liability of $22.3 million in connection with the debt discount associated with the 2023 Notes and recorded a deferred tax asset of $22.5 million in connection with the convertible note hedge transactions. The deferred tax liability and deferred tax asset are recorded in deferred tax assets

Credit Facilities

Credit Facilities	9 Months Ended
	Oct. 30, 2021
Debt Disclosure
Credit Facilities	NOTE 10—CREDIT FACILITIES The outstanding balances under our credit facilities were as follows ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ 2021 ​ 2021 ​ ​ ​ ​ UNAMORTIZED ​ ​ ​ ​ ​ UNAMORTIZED ​ ​ ​ ​ ​ ​ ​ DEBT ​ NET ​ ​ ​ ​ DEBT ​ NET ​ ​ OUTSTANDING ​ ISSUANCE ​ CARRYING ​ OUTSTANDING ​ ISSUANCE ​ CARRYING ​ ​ AMOUNT COSTS AMOUNT AMOUNT COSTS AMOUNT Asset based credit facility (1) ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Term loan credit agreement (2) ​ ​ 2,000,000 ​ ​ (22,735) ​ ​ 1,977,265 ​ ​ — ​ ​ — ​ ​ — Equipment promissory notes (3) ​ 20,569 ​ ​ (66) ​ ​ 20,503 ​ 37,532 ​ (171) ​ 37,361 Total credit facilities ​ $ 2,020,569 ​ $ (22,801) ​ $ 1,997,768 ​ $ 37,532 ​ $ (171) ​ $ 37,361 (1) Deferred financing fees associated with the asset based credit facility as of October 30, 2021 and January 30, 2021 were $4.4 million and $1.5 million, respectively, and are included in other non-current assets on the condensed consolidated balance sheets. The deferred financing fees are amortized on a straight-line basis over the life of the revolving line of credit. In July 2021, Restoration Hardware, Inc. entered into the ABL Credit Agreement (defined below) which extended the maturity date of the revolving line of credit from June 28, 2022 to July 29, 2026. (2) Represents the Term Loan Credit Agreement (defined below), of which $1,980.0 million outstanding and $20.0 million outstanding was included in term loan—net and other current liabilities on the condensed consolidated balance sheets, respectively. The maturity date of the Term Loan Credit Agreement is October 20, 2028. (3) Represents total equipment security notes secured by certain of our property and equipment, of which $18.9 million outstanding was included in other current liabilities on the condensed consolidated balance sheets. The remaining $1.7 million outstanding, included in equipment promissory notes—net on the condensed consolidated balance sheets, has principal payments due of $0.5 million and $1.2 million in fiscal 2022 and fiscal 2023, respectively. Asset Based Credit Facility On August 3, 2011 On June 28, 2017, RHI entered into the Eleventh Amended and Restated Credit Agreement (as amended prior to July 29, 2021, the “11 th On July 29, 2021, RHI entered into the Twelfth Amended and Restated Credit Agreement (as amended, the “ABL Credit Agreement”) by and among RHI, Restoration Hardware Canada, Inc., certain other subsidiaries of RH named therein as borrowers or guarantors, the lenders party thereto and the ABL Agent, which amended and restated the 11 th The availability of credit at any given time under the ABL Credit Agreement will be constrained by the terms and conditions of the ABL Credit Agreement, including the amount of collateral available, a borrowing base formula based upon numerous factors, including the value of eligible inventory and eligible accounts receivable, and other restrictions contained in the ABL Credit Agreement. All obligations under the ABL Credit Agreement are secured by substantial assets of the loan parties, including inventory, receivables and certain types of intellectual property. Borrowings under the revolving line of credit (other than swing line loans, which are subject to interest at the base rate) bear interest, at the borrower’s option, at either the base rate or London Inter-bank Offered Rate (“LIBOR”) subject to a 0.00% LIBOR floor (or, in the case of the Canadian borrowings, the “BA Rate” or the “Canadian Prime Rate”, as such terms are defined in the ABL Credit Agreement, for the Canadian borrowings denominated in Canadian dollars, or the “U.S. Index Rate”, as such term is defined in the ABL Credit Agreement, or LIBOR for Canadian borrowings denominated in United States dollars) plus an applicable interest rate margin, in each case. The ABL Credit Agreement contains various restrictive and affirmative covenants, including required financial reporting, limitations on granting certain liens, limitations on making certain loans or investments, limitations on incurring additional debt, restricted payment limitations limiting the payment of dividends and certain other transactions and distributions, limitations on transactions with affiliates, along with other restrictions and limitations similar to those frequently found in credit agreements of a similar type and size. The ABL Credit Agreement does not contain any significant financial ratio covenants or coverage ratio covenants other than a consolidated fixed charge coverage ratio (“FCCR”) covenant based on the ratio of (i) consolidated EBITDA to the amount of (ii) debt service costs plus certain other amounts, including dividends and distributions and prepayments of debt as defined in the ABL Credit Agreement (the “FCCR Covenant”). The FCCR Covenant only applies in certain limited circumstances, including when the unused availability under the ABL Credit Agreement drops below the greater of (A) $40.0 million and (B) an amount based on 10% of the total borrowing availability at the time. The FCCR Covenant ratio is set at 1.0 and measured on a trailing twelve-month basis. As of October 30, 2021, RHI was in compliance with the FCCR Covenant. The ABL Credit Agreement requires a daily sweep of all cash receipts and collections to prepay the loans under the agreement while (i) an event of default exists or (ii) when the unused availability under the ABL Credit Agreement drops below the greater of (A) $40.0 million and (B) an amount based on 10% of the total borrowing availability at the time. The ABL Credit Agreement contains customary representations and warranties, events of defaults and other customary terms and conditions for an asset based credit facility. The availability of the revolving line of credit at any given time under the ABL Credit Agreement is limited by the terms and conditions of the ABL Credit Agreement, including the amount of collateral available, a borrowing base formula based upon numerous factors, including the value of eligible inventory and eligible accounts receivable, and other restrictions contained in the ABL Credit Agreement. As a result, actual borrowing availability under the revolving line of credit could be less than the stated amount of the revolving line of credit (as reduced by the actual borrowings and outstanding letters of credit under the revolving line of credit). As of October 30, 2021, the amount available for borrowing under the revolving line of credit under the ABL Credit Agreement was $333.7 million, net of $19.9 million in outstanding letters of credit. Term Loan Credit Agreement On October 20, 2021, RHI entered into a Term Loan Credit Agreement (the “Term Loan Credit Agreement”) by and among RHI as the borrower, the lenders party thereto and Bank of America, N.A. as administrative agent and collateral agent (in such capacities, the “Term Agent”) with respect to an initial term loan (the “Term Loan”) in an aggregate principal amount equal to $2,000,000,000 with a maturity date of October 20, 2028. The Term Loan bears interest at an annual rate based on LIBOR subject to a 0.50% LIBOR floor plus an interest rate margin of 2.50% (with a stepdown of the interest rate margin if RHI achieves a specified public corporate family rating). LIBOR is a floating interest rate that resets periodically during the life of the Term Loan. At the date of borrowing, the interest rate was set at the LIBOR floor of 0.50% plus 2.50% and the Term Loan was issued at a discount of 0.50% to face value. The Term Loan Credit Agreement contains customary provisions addressing future transition from LIBOR. All obligations under the Term Loan are guaranteed by certain domestic subsidiaries of RHI. Further, RHI and such subsidiaries have granted a security interest in substantially all of their assets (subject to customary and other exceptions) to secure the Term Loan. Substantially all of the collateral securing the Term Loan also secures the loans and other credit extensions under the ABL Credit Agreement. On October 20, 2021, in connection with the Term Loan Credit Agreement, RHI and certain other subsidiaries of RH party to the Term Loan Credit Agreement and the ABL Credit Agreement, as the case may be, entered into an Intercreditor Agreement (the “Intercreditor Agreement”) with the Term Agent and the ABL Agent. The Intercreditor Agreement establishes various customary inter-lender terms, including, without limitation, with respect to priority of liens, permitted actions by each party, application of proceeds, exercise of remedies in case of default, releases of liens and certain limitations on the amendment of the ABL Credit Agreement and the Term Loan Credit Agreement without the consent of the other parties. The borrowings under the Term Loan Credit Agreement may be prepaid in whole or in part at any time, subject to a prepayment premium of 1.0% in the event the facility is prepaid or repriced within the six months following the closing date of the Term Loan Credit Agreement. The Term Loan Credit Agreement contains various restrictive and affirmative covenants, including required financial reporting, limitations on granting certain liens, limitations on making certain loans or investments, limitations on incurring additional debt, restricted payment limitations limiting the payment of dividends and certain other transactions and distributions, limitations on transactions with affiliates, along with other restrictions and limitations similar to those frequently found in credit agreements of a similar type and size, but provides for unlimited exceptions in the case of incurring indebtedness, granting of liens and making investments, dividend payments, and payments of material junior indebtedness, subject to satisfying specified leverage ratio tests. The Term Loan Credit Agreement does not contain a financial maintenance covenant. The Term Loan Credit Agreement contains customary representations and warranties, events of defaults and other customary terms and conditions for a term loan credit agreement. Equipment Loan Facility On September 5, 2017, RHI entered into a Master Loan and Security Agreement with Banc of America Leasing & Capital, LLC (“BAL”) pursuant to which BAL and we agreed that BAL would finance certain equipment of ours from time to time, with each such equipment financing to be evidenced by an equipment security note setting forth the terms for each particular equipment loan. Each equipment loan is secured by a purchase money security interest in the financed equipment. The maturity dates of the equipment security notes vary, but generally have a maturity of three

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 30, 2021
Fair Value Measurements
Fair Value Measurements	NOTE 11—FAIR VALUE MEASUREMENTS Certain financial assets and liabilities are required to be carried at fair value. Fair value is 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. In determining the fair value, we utilize market data or assumptions that we believe market participants would use in pricing the asset or liability, which would maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, including assumptions about risk and the risks inherent in the inputs of the valuation technique. The degree of judgment used in measuring the fair value of financial instruments generally correlates to the level of pricing observability. Pricing observability is impacted by a number of factors, including the type of financial instrument, whether the financial instrument is new to the market and not yet established and the characteristics specific to the transaction. Financial instruments with readily available active quoted prices for which fair value can be measured generally will have a higher degree of pricing observability and a lesser degree of judgment used in measuring fair value. Conversely, financial instruments rarely traded or not quoted will generally have less, or no, pricing observability and a higher degree of judgment used in measuring fair value. Our financial assets and liabilities measured and reported at fair value are classified and disclosed in one of the following categories: Level 1—Quoted prices are available in active markets for identical investments as of the reporting date. Level 2—Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Level 3—Pricing inputs are unobservable for the investment and include situations where there is little, if any, market activity for the investment. The inputs used in the determination of fair value require significant management judgment or estimation. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Fair Value Measurements—Recurring Amounts reported as cash and equivalents accounts receivables—net accounts payable and accrued expenses in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ 2021 ​ 2021 ​ FAIR CARRYING FAIR CARRYING ​ ​ VALUE ​ VALUE (1) ​ VALUE ​ VALUE (1) Convertible senior notes due 2023 ​ $ 122,982 ​ $ 116,118 ​ $ 301,794 ​ $ 287,936 Convertible senior notes due 2024 ​ 260,612 ​ ​ 239,932 ​ 286,161 ​ 284,182 (1) Carrying value represents the principal amount less the equity component of the 2023 Notes and 2024 Notes classified in stockholders’ equity, and does not exclude the discounts upon original issuance, discounts and commissions payable to the initial purchasers and third party offering costs, as applicable. The fair value of each of the 2023 Notes and 2024 Notes was determined based on inputs that are observable in the market or that could be derived from, or corroborated with, observable market data, including the trading price of our convertible notes, when available, our common stock price and interest rates based on similar debt issued by parties with credit ratings similar to ours (Level 2). Fair Value Measurements—Non-Recurring The fair value of the Waterworks reporting unit tradename was determined based on unobservable (Level 3) inputs and valuation techniques, as discussed in Note 4— Goodwill, Tradenames, Trademarks and Other Intangible Assets ​ The fair value of the acquired goodwill and tradename associated with acquisitions by the RH Segment in fiscal 2020 were determined based on unobservable (Level 3) inputs and valuation techniques. The fair value of the real estate assets associated with our investment in the Aspen LLCs in fiscal 2020, as discussed in Note 5— Equity Method Investments Upon settlement of our convertible senior notes, including the settlements in which holders of the 2023 Notes and 2024 Notes elected to exercise the early conversion option, we recognize a gain or loss on extinguishment of debt in the condensed consolidated statements of income, which represents the difference between the carrying value and fair value of the convertible senior notes immediately prior to the settlement date. The fair value of each of the 2023 Notes and 2024 Notes related to the settlement of the early conversions was determined based on inputs that are observable in the market or that could be derived from, or corroborated with, observable market data, including the trading price of our convertible notes, when available, our common stock price and interest rates based on similar debt issued by parties with credit ratings similar to ours (Level 2).

Income Taxes

Income Taxes	9 Months Ended
	Oct. 30, 2021
Income Taxes
Income Taxes	NOTE 12—INCOME TAXES We recorded income tax expense of $54.4 million and $49.2 million in the three months ended October 30, 2021 and October 31, 2020, respectively. We recorded income tax expense of $99.1 million and $66.6 million in the nine months ended October 30, 2021 and October 31, 2020, respectively. The effective tax rate was 22.8% and 51.4% for the three months ended October 30, 2021 and October 31, 2020, respectively. The effective tax rate was 15.5% and 32.0% for the nine months ended October 30, 2021 and October 31, 2020, respectively. The decrease in our effective tax rate for both the three and nine months ended October 30, 2021 as compared to the three and nine months ended October 31, 2020 is primarily due to higher discrete tax benefits related to net excess tax windfalls from stock-based compensation in fiscal 2021 as compared to fiscal 2020 and non-deductible stock-based compensation in fiscal 2020. As of October 30, 2021, we had $8.7 million of unrecognized tax benefits, of which $8.0 million would reduce income tax expense and the effective tax rate, if recognized. The remaining unrecognized tax benefits would offset other deferred tax assets, if recognized. As of October 30, 2021, we had $6.2 million of exposures related to unrecognized tax benefits that are expected to decrease in the next 12 months.

Net Income Per Share

Net Income Per Share	9 Months Ended
	Oct. 30, 2021
Net Income Per Share
Net Income Per Share	NOTE 13—NET INCOME PER SHARE The weighted-average shares used for net income per share are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ ​ OCTOBER 30, ​ OCTOBER 31, ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 2020 2021 2020 Weighted-average shares—basic ​ 21,430,557 ​ 19,552,836 ​ 21,200,146 ​ 19,393,931 Effect of dilutive stock-based awards 6,462,775 5,918,350 6,645,663 5,164,775 Effect of dilutive convertible senior notes (1) 3,397,747 2,814,938 3,647,587 1,792,488 Weighted-average shares—diluted 31,291,079 28,286,124 31,493,396 26,351,194 (1) The $300 million aggregate principal amount of convertible senior notes that were issued in June and July 2015 (the “2020 Notes”), the 2023 Notes and the 2024 Notes would have an impact on our dilutive share count beginning at stock prices at or above $118.13 per share, $193.65 per share and $211.40 per share, respectively. The 2020 Notes matured on July 15, 2020 and did not have an impact on our dilutive share count post-termination. The warrants associated with our 2020 Notes, 2023 Notes and 2024 Notes have an impact on our dilutive share count beginning at stock prices at or above $189.00 per share, $309.84 per share and $338.24 per share, respectively. The warrants associated with our 2020 Notes expired on January 7, 2021. While the share price for our common stock trades above the applicable conversion price of each series of notes or the applicable exercise price of each series of warrants for the notes, these instruments will have a dilutive effect with respect to our common stock to the extent that the price per share of our common stock continues to exceed the applicable conversion or exercise price of the notes and warrants. Refer to Note 9— Convertible Senior Notes. Dilutive options of 121,587 and 311,242 were excluded from the calculation of diluted net income per share for the three months ended October 30, 2021 and October 31, 2020, respectively, because their inclusion would have been anti-dilutive. Dilutive options of 86,474 and 451,559 were excluded from the calculation of diluted net income per share for the nine months ended October 30, 2021 and October 31, 2020, respectively, because their inclusion would have been anti-dilutive.

Share Repurchase Program

Share Repurchase Program	9 Months Ended
	Oct. 30, 2021
Share Repurchase Program.
Share Repurchase Program	NOTE 14—SHARE REPURCHASE PROGRAM AND SHARE RETIREMENTS Share Repurchases Program In 2018, our Board of Directors authorized a share repurchase program. In fiscal 2018, we repurchased approximately 2.0 million shares of our common stock under this share repurchase program at an average price of $122.10 per share, for an aggregate repurchase amount of approximately $250.0 million. In fiscal 2019, we repurchased approximately 2.2 million shares of our common stock under this program at an average price of $115.36 per share, for an aggregate repurchase amount of approximately $250.0 million. We did no t make any repurchases under this program during either the nine months ended October 30, 2021 or October 31, 2020. The total current authorized size of the share repurchase program is up to $950 million (the “950 Million Repurchase Program”), of which $450 million remained available as of October 30, 2021 for future share investments. Share Retirements During the nine months ended October 31, 2020, we retired 600 shares of our common stock related to shares we had repurchased under equity plans and we retired 17 shares of our common stock related to shares we received upon the maturity of the 2020 Notes. As a result of the retirements, we reclassified a total of $0.1 million from treasury stock additional paid-in capital

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 30, 2021
Stock-Based Compensation.
Stock-Based Compensation	NOTE 15—STOCK-BASED COMPENSATION We recorded stock-based compensation expense of $12.0 million and $118.8 million during the three months ended October 30, 2021 and October 31, 2020, respectively, which is included in selling, general and administrative expenses 2012 Stock Incentive Plan and 2012 Stock Option Plan As of October 30, 2021, 7,844,306 options were outstanding with a weighted-average exercise price of $112.01 per share and 7,531,196 options were vested with a weighted-average exercise price of $106.68 per share. The aggregate intrinsic value of options outstanding, options vested or expected to vest, and options exercisable as of October 30, 2021 was $4,298 million, $4,166 million, and $3,746 million, respectively. Stock options exercisable as of October 30, 2021 had a weighted-average remaining contractual life of 3.13 years. As of October 30, 2021, the total unrecognized compensation expense related to unvested options was $112.8 million, which is expected to be recognized on a straight-line basis over a weighted-average period of 4.96 years. In addition, as of October 30, 2021, the total unrecognized compensation expense related to a fully vested option grant made to Mr. Friedman in October 2020 was $39.0 million, which will be recognized on an accelerated basis through May 2025 (refer to Chairman and Chief Executive Officer Option Grant As of October 30, 2021, we had 21,480 restricted stock units outstanding with a weighted-average grant date fair value of $278.37 per share. During the three months ended October 30, 2021, 3,010 restricted stock units vested with a weighted-average grant date fair value of $47.67 per share. During the nine months ended October 30, 2021, 68,770 restricted stock units vested with a weighted-average grant date fair value of $43.26 per share. As of October 30, 2021, there was $4.2 million of total unrecognized compensation expense related to unvested restricted stock and restricted stock units, which is expected to be recognized over a weighted-average period of 2.29 years. Chairman and Chief Executive Officer Option Grant On October 18, 2020, our Board of Directors granted Mr. Friedman an option to purchase 700,000 shares of our common stock with an exercise price equal to $385.30 per share under the 2012 Stock Incentive Plan. See Note 18— Stock-Based Compensation The option contains selling restrictions on the underlying shares that lapse upon the achievement of both time-based service requirements and stock price performance-based metrics as described further below. The option is fully vested on the date of grant but the shares underlying the option remain subject to transfer restrictions to the extent the performance-based and time-based requirements have not been met. The option will result in aggregate non-cash stock compensation expense of $173.6 million, of which $5.8 million and $17.6 million was recognized during the three and nine months ended October 30, 2021, respectively, and $111.2 million was recognized during the three months ended October 31, 2020 (which is included in the stock-based compensation expense noted above).

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 30, 2021
Commitments and Contingencies.
Commitments and Contingencies	NOTE 16—COMMITMENTS AND CONTINGENCIES Commitments We had no material off balance sheet commitments as of October 30, 2021. Contingencies We are involved in lawsuits, claims, investigations and other legal proceedings incident to the ordinary course of our business. These disputes are increasing in number as the business expands and we grow larger. Litigation is inherently unpredictable. As a result, the outcome of matters in which we are involved could result in unexpected expenses and liability that could adversely affect our operations. In addition, any claims against us, whether meritorious or not, could be time consuming, result in costly litigation, require significant amounts of our senior leadership team’s time and result in the diversion of significant operational resources. We review the need for any loss contingency reserves and establish reserves when, in the opinion of our senior leadership team, it is probable that a matter would result in liability, and the amount of loss, if any, can be reasonably estimated. Generally, in view of the inherent difficulty of predicting the outcome of those matters, particularly in cases in which claimants seek substantial or indeterminate damages, it is not possible to determine whether a liability has been incurred or to reasonably estimate the ultimate or minimum amount of that liability until the case is close to resolution, in which case no reserve is established until that time. When and to the extent that we do establish a reserve, there can be no assurance that any such recorded liability for estimated losses will be for the appropriate amount, and actual losses could be higher or lower than what we accrue from time to time. Although we believe that the ultimate resolution of our current legal proceedings will not have a material adverse effect on our condensed consolidated financial statements, the outcome of legal matters is subject to inherent uncertainty.

Segment Reporting

Segment Reporting	9 Months Ended
	Oct. 30, 2021
Segment Reporting
Segment Reporting	NOTE 17—SEGMENT REPORTING We define reportable and operating segments on the same basis that we use to evaluate our performance internally by the Chief Operating Decision Maker (the “CODM”), which we have determined is our Chief Executive Officer. We have three operating segments: RH Segment, Waterworks and Real Estate Development. The RH Segment and Waterworks operating segments (the “retail operating segments”) include all sales channels accessed by our customers, including sales through retail locations and outlets, websites, Source Books, and the commercial channel. The Real Estate Development segment represents operations associated with our equity method investments entered into in fiscal 2020, as described in Note 5— Equity Method Investments The retail operating segments are strategic business units that offer products for the home furnishings customer. While RH Segment and Waterworks have a shared senior leadership team and customer base, we have determined that their results cannot be aggregated as they do not share similar economic characteristics, as well as due to other quantitative factors. We use operating income to evaluate segment profitability for the retail operating segments. Operating income is defined as net income before interest expense—net, tradename impairment, (gain) loss on extinguishment of debt, income tax expense and our share of equity method investments losses. Segment Information The following table presents the statements of income metrics reviewed by the CODM to evaluate performance internally or as required under ASC 280— Segment Reporting in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ ​ OCTOBER 30, ​ OCTOBER 31, ​ ​ 2021 ​ 2020 ​ RH SEGMENT WATERWORKS TOTAL RH SEGMENT WATERWORKS TOTAL Net revenues ​ $ 964,859 ​ $ 41,569 ​ $ 1,006,428 ​ $ 812,782 ​ $ 31,231 ​ $ 844,013 Gross profit ​ 484,363 ​ 20,891 ​ 505,254 ​ 394,689 ​ 13,641 ​ 408,330 Depreciation and amortization ​ 23,878 ​ ​ 941 ​ 24,819 ​ 25,135 ​ 1,341 ​ 26,476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ NINE MONTHS ENDED ​ ​ OCTOBER 30, ​ OCTOBER 31, ​ ​ 2021 ​ 2020 ​ RH SEGMENT WATERWORKS TOTAL RH SEGMENT WATERWORKS TOTAL Net revenues ​ $ 2,732,300 ​ $ 123,779 ​ $ 2,856,079 ​ $ 1,949,126 ​ $ 87,064 ​ $ 2,036,190 Gross profit ​ 1,337,983 ​ 61,924 ​ 1,399,907 ​ 902,932 ​ 37,471 ​ 940,403 Depreciation and amortization ​ 68,042 ​ ​ 3,333 ​ 71,375 ​ 73,086 ​ ​ 3,602 ​ 76,688 ​ The Real Estate Development segment share of equity method investments losses were $2.3 million and $6.9 million during the three and nine months ended October 30, 2021, respectively. The following table presents the balance sheet metrics as required under ASC 280— Segment Reporting in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ 2021 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ ​ ​ ​ RH SEGMENT WATERWORKS DEVELOPMENT TOTAL RH SEGMENT WATERWORKS DEVELOPMENT TOTAL Goodwill (1) ​ $ 141,141 ​ $ — ​ $ — ​ $ 141,141 ​ $ 141,100 ​ $ — ​ $ — ​ $ 141,100 Tradenames, trademarks and other intangible assets (2) ​ 55,907 ​ 17,000 ​ — ​ 72,907 ​ 54,663 ​ 17,000 ​ — ​ 71,663 Equity method investments ​ ​ — ​ ​ — ​ ​ 97,976 ​ ​ 97,976 ​ ​ — ​ ​ — ​ ​ 100,603 ​ ​ 100,603 Total assets ​ 5,161,789 ​ 160,260 ​ 97,976 ​ 5,420,025 ​ 2,659,944 ​ 137,766 ​ 100,603 ​ 2,898,313 (1) The Waterworks reporting unit goodwill of $51.1 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018, with $17.4 million and $33.7 million impairment recorded in fiscal 2018 and fiscal 2017, respectively. (2) The Waterworks reporting unit tradename is presented net of an impairment charge of $35.1 million, with $20.5 million and $14.6 million recorded in fiscal 2020 and fiscal 2018, respectively. We use segment operating income to evaluate segment performance and allocate resources. Segment operating income excludes (i) a non-cash compensation charge related to a fully vested option grant made to Mr. Friedman in October 2020, (ii) asset impairments and lease losses, (iii) product recall accruals, (iv) severance costs associated with reorganizations and (v) loss on sale leaseback transaction. These items are excluded from segment operating income in order to provide better transparency of segment operating results. Accordingly, these items are not presented by segment because they are excluded from the segment profitability measure that the CODM and our senior leadership team review. The following table presents segment operating income and income before income taxes ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 2020 2021 2020 Operating income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RH Segment $ 276,091 ​ $ 223,103 ​ $ 721,343 ​ $ 425,970 Waterworks 2,619 ​ 2,208 ​ 14,274 ​ 2,331 Non-cash compensation ​ (5,831) ​ ​ (111,218) ​ ​ (17,559) ​ ​ (111,218) Asset impairments and lease losses — ​ (2,091) ​ (7,354) ​ (11,901) Recall accrual (340) ​ (781) ​ (840) ​ (5,561) Reorganization related costs — ​ — ​ (449) ​ (7,027) Loss on sale leaseback transaction ​ — ​ ​ — ​ ​ — ​ ​ (9,352) Income from operations 272,539 ​ 111,221 ​ 709,415 ​ 283,242 Interest expense—net 13,223 ​ 15,656 ​ 40,112 ​ 54,703 (Gain) loss on extinguishment of debt 18,513 ​ — ​ 21,784 ​ (152) Tradename impairment ​ — ​ ​ — ​ ​ — ​ ​ 20,459 Income before income taxes $ 240,803 ​ $ 95,565 ​ $ 647,519 ​ $ 208,232 ​ We classify our sales into furniture and non-furniture product lines. Furniture includes both indoor and outdoor furniture. Non-furniture includes lighting, textiles, fittings, fixtures, surfaces, accessories and home décor. Net revenues in each category were as follows ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 2020 2021 2020 Furniture $ 706,750 ​ $ 584,960 ​ $ 1,986,490 ​ $ 1,380,688 Non-furniture 299,678 ​ 259,053 ​ 869,589 ​ 655,502 Total net revenues $ 1,006,428 ​ $ 844,013 ​ $ 2,856,079 ​ $ 2,036,190 ​ During the third fiscal quarter of 2021, we reviewed our segments and product lines and updated certain products and categories in our reporting of furniture and non-furniture product lines. While this reporting change did not impact our consolidated results, prior period segment data has been recast for consistency in reporting. We are domiciled in the United States and primarily operate our retail and outlet locations in the United States. As of October 30, 2021, we operated 4 retail and 2 outlet stores in Canada and 1 retail store in the U.K. Geographical revenues in Canada and the U.K. are based upon revenues recognized at the retail locations in the respective country and were not material in any fiscal period presented. Long-lived assets held internationally were not material in any fiscal period presented. No single customer accounted for more than 10% of our revenues in the three and nine months ended October 30, 2021 and October 31, 2020.

Business Combinations

Business Combinations	9 Months Ended
	Oct. 30, 2021
Business Combinations
Business Combinations	NOTE 18—BUSINESS COMBINATION On August 28, 2020, we acquired a furniture business in North America, for total consideration of $15.0 million funded through available cash, of which $1.9 million was deposited into an escrow account for any potential post-closing adjustments. We have deposited into escrow an additional $5.0 million, which represents a deferred acquisition-related payment subject to mutually agreed to conditions and expected to be paid over two years . We believe that this addition to the RH platform further positions us as a leader in the luxury design market as we continue to enhance the RH product assortment. For the three and nine months ended October 31, 2020, we incurred $0.6 million and $1.3 million, respectively, of acquisition-related costs associated with the transaction. These costs and expenses include fees associated with financial, legal and accounting advisors, and employment-related costs, and are included in selling, general and administrative expenses on the condensed consolidated statements of income. The following table summarizes the purchase price allocation based on the fair value of the assets acquired and liabilities assumed ( in thousands ​ ​ ​ ​ ​ Goodwill ​ $ 10,948 Tradename ​ ​ 4,800 Tangible assets acquired and liabilities assumed—net ​ ​ (796) Total ​ $ 14,952 ​ The tradename has been assigned an indefinite life and therefore is not subject to amortization. The goodwill, included in the RH Segment, is representative of the benefits and expected synergies from the integration of the acquired company’s products, leadership team and employees, which do not qualify for separate recognition as an intangible asset. The tradename and goodwill are expected to be deductible for tax purposes. Results of operations of the acquired company have been included in our condensed consolidated statements of income since the August 28, 2020 acquisition date. Pro forma results of the acquired business have not been presented as the results were not considered material to our consolidated financial statements for any periods presented and would not have been material had the acquisition occurred at the beginning of fiscal 2020.

The Company (Policies)

The Company (Policies)	9 Months Ended
	Oct. 30, 2021
The Company
Nature of Business	Nature of Business RH, a Delaware corporation, together with its subsidiaries (collectively, “we,” “us,” or the “Company”), is a leading luxury retailer in the home furnishings market that offers merchandise assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. These products are sold through our retail locations, websites and Source Books. As of October 30, 2021, we operated a total of 66 RH Galleries and 38 RH Outlet stores in 30 states, the District of Columbia and Canada, as well as 14 Waterworks Showrooms throughout the United States and in the U.K., and had sourcing operations in Shanghai and Hong Kong.
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared from our records and, in our senior leadership team’s opinion, include all adjustments, consisting of normal recurring adjustments, necessary to fairly state our financial position as of October 30, 2021, and the results of operations for the three and nine months ended October 30, 2021 and October 31, 2020. Our current fiscal year, which consists of 52 weeks, ends on January 29, 2022 (“fiscal 2021”). Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted for purposes of these interim condensed consolidated financial statements. The preparation of our condensed consolidated financial statements in conformity with GAAP requires our senior leadership team to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and such differences could be material to the condensed consolidated financial statements. We have assessed various accounting estimates and other matters, including those that require consideration of forecasted financial information, in context of the unknown future impacts of the novel coronavirus disease (“COVID-19” or “the pandemic”) using information that is reasonably available to us at this time. The accounting estimates and other matters we have assessed include, but were not limited to, sales return reserve, inventory reserve, allowance for doubtful accounts, goodwill, and intangible and other long-lived assets. Our current assessment of these estimates is included in our condensed consolidated financial statements as of and for the three and nine months ended October 30, 2021. As additional information becomes available to us, our future assessment of these estimates, including our expectations at the time regarding the duration, scope and severity of the pandemic, as well as other factors, could materially and adversely impact our condensed consolidated financial statements in future reporting periods. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended January 30, 2021 (the “2020 Form 10-K”). The results of operations for the three and nine months ended October 30, 2021 and October 31, 2020 presented herein are not necessarily indicative of the results to be expected for the full fiscal year. Our business, like the businesses of retailers generally, is subject to uncertainty surrounding the financial impact of the pandemic as discussed in Recent Developments—COVID-19
Recently Issued Accounting Standards	New Accounting Standards or Updates Adopted Income Taxes In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12—Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes New Accounting Standards or Updates Not Yet Adopted Convertible Instruments and Contracts in an Entity’s Own Equity In August 2020, the FASB issued ASU 2020-06—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Prepaid Expense and Other Ass_2

Prepaid Expense and Other Assets (Tables)	9 Months Ended
	Oct. 30, 2021
Prepaid Expense and Other Assets
Prepaid Expense and Other Current Assets	Prepaid expense and other current assets consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Prepaid expense and other current assets ​ $ 44,509 ​ $ 35,689 Tenant allowance receivable ​ ​ 16,558 ​ ​ 6,390 Capitalized catalog costs ​ 16,535 ​ 19,067 Promissory notes receivable, including interest (1) ​ 16,119 ​ 13,569 Vendor deposits ​ ​ 15,077 ​ ​ 12,519 Right of return asset for merchandise ​ 7,118 ​ 7,453 Acquisition related escrow deposits ​ ​ 4,750 ​ ​ 2,650 Total prepaid expense and other current assets ​ $ 120,666 ​ $ 97,337 (1) Represents promissory notes, including principal and accrued interest, due from a related party. Refer to Note 5— Equity Method Investments .
Schedule of Other Non-Current Assets	Other non-current assets consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Landlord assets under construction—net of tenant allowances ​ $ 209,149 ​ $ 135,531 Initial direct costs prior to lease commencement ​ ​ 51,812 ​ 36,770 Capitalized cloud computing costs—net (1) ​ ​ 12,594 ​ ​ 7,254 Other deposits ​ 6,860 ​ 5,287 Deferred financing fees ​ 4,352 ​ 1,525 Acquisition related escrow deposits ​ ​ — ​ ​ 3,975 Other non-current assets ​ 11,459 ​ 9,835 Total other non-current assets ​ $ 296,226 ​ $ 200,177 (1) Presented net of accumulated amortization of $2.9 million and $0.5 million as of October 30, 2021 and January 30, 2021, respectively.

Goodwill, Tradenames, Tradema_2

Goodwill, Tradenames, Trademarks and Other Intangible Assets (Tables)	9 Months Ended
	Oct. 30, 2021
Goodwill, Tradenames, Trademarks and Other Intangible Assets
Goodwill, Tradenames, Trademarks and Other Intangible Assets	The following sets forth the goodwill, tradenames, trademarks and other intangible assets activity for the RH Segment and Waterworks (See Note 17— Segment Reporting in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FOREIGN ​ ​ ​ ​ JANUARY 30, ​ ​ ​ CURRENCY ​ OCTOBER 30, ​ ​ 2021 ​ ADDITIONS ​ TRANSLATION ​ 2021 RH Segment ​ ​ ​ ​ Goodwill ​ $ 141,100 ​ $ — ​ $ 41 ​ $ 141,141 Tradenames, trademarks and other intangible assets ​ 54,663 ​ 1,244 ​ — ​ 55,907 Waterworks (1) ​ ​ ​ ​ ​ ​ Tradename (2) ​ 17,000 ​ — ​ — ​ 17,000 (1) Waterworks reporting unit goodwill of $51.1 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018, with $17.4 million and $33.7 million of impairment recorded in fiscal 2018 and fiscal 2017, respectively. (2) Presented net of an impairment charge of $35.1 million, with $20.5 million and $14.6 million recorded in fiscal 2020 and fiscal 2018, respectively.

Accounts Payable, Accrued Exp_2

Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Oct. 30, 2021
Accounts Payable, Accrued Expenses and Other Current Liabilities
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Accounts payable ​ $ 205,595 ​ $ 224,906 Accrued compensation ​ 76,739 ​ 84,860 Accrued freight and duty ​ 29,491 ​ 29,754 Accrued occupancy ​ 28,241 ​ 17,671 Accrued sales taxes ​ 27,019 ​ 23,706 Accrued professional fees ​ 4,953 ​ 5,383 Accrued catalog costs ​ 3,525 ​ 4,354 Deferred consideration for asset purchase ​ ​ — ​ ​ 14,387 Other accrued expenses ​ 19,585 ​ 19,401 Total accounts payable and accrued expenses ​ $ 395,148 ​ $ 424,422
Schedule of Other Current Liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Accounts payable ​ $ 205,595 ​ $ 224,906 Accrued compensation ​ 76,739 ​ 84,860 Accrued freight and duty ​ 29,491 ​ 29,754 Accrued occupancy ​ 28,241 ​ 17,671 Accrued sales taxes ​ 27,019 ​ 23,706 Accrued professional fees ​ 4,953 ​ 5,383 Accrued catalog costs ​ 3,525 ​ 4,354 Deferred consideration for asset purchase ​ ​ — ​ ​ 14,387 Other accrued expenses ​ 19,585 ​ 19,401 Total accounts payable and accrued expenses ​ $ 395,148 ​ $ 424,422

Other Non-Current Obligations (

Other Non-Current Obligations (Tables)	9 Months Ended
	Oct. 30, 2021
Other Non-Current Obligations.
Schedule of Other Non-Current Obligations	Other non-current obligations consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Deferred payroll taxes ​ $ 4,461 ​ $ 4,461 Unrecognized tax benefits ​ 2,810 ​ 3,114 Other non-current obligations ​ 4,075 ​ 9,406 Total other non-current obligations ​ $ 11,346 ​ $ 16,981

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 30, 2021
Leases
Summary of Lease Costs-Net	Lease costs—net consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ OCTOBER 30, OCTOBER 31, ​ OCTOBER 30, OCTOBER 31, ​ 2021 2020 ​ 2021 2020 Operating lease cost (1) $ 25,637 ​ $ 21,111 $ 74,794 ​ $ 62,018 Finance lease costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of leased assets (1) ​ 10,860 ​ ​ 10,841 ​ ​ 32,574 ​ ​ 30,554 Interest on lease liabilities (2) ​ 6,711 ​ ​ 6,158 ​ ​ 19,468 ​ ​ 17,887 Variable lease costs (3) ​ 9,096 ​ ​ 5,930 ​ ​ 25,436 ​ ​ 13,410 Sublease income (4) ​ (1,189) ​ ​ (1,519) ​ ​ (3,507) ​ ​ (6,213) Total lease costs—net $ 51,115 ​ $ 42,521 ​ $ 148,765 ​ $ 117,656 (1) Operating lease costs and amortization of finance lease right-of-use assets are included in cost of goods sold or selling, general and administrative expenses on the condensed consolidated statements of income based on our accounting policy. Refer to Note 3— Significant Accounting Policies in the 2020 Form 10-K. (2) Included in interest expense—net on the condensed consolidated statements of income. (3) Represents variable lease payments under operating and finance lease agreements. The amounts primarily represent contingent rent based on a percentage of retail sales over contractual levels of $6.9 million and $4.0 million for the three months ended October 30, 2021 and October 31, 2020, respectively, and $18.8 million and $8.3 million for the nine months ended October 30, 2021 and October 31, 2020, respectively. Other variable costs, which include single lease cost related to variable lease payments based on an index or rate that were not included in the measurement of the initial lease liability and right-of-use asset, were not material in any period. (4) Included in selling, general and administrative expenses on the condensed consolidated statements of income.
Summary of Lease Right-of-use Assets and Lease Liabilities	Lease right-of-use assets and lease liabilities consist of the following ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ ​ 2021 2021 ​ ​ Balance Sheet Classification ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ Operating lease right-of-use assets ​ $ 551,731 ​ $ 456,164 Finance leases (1)(2) ​ Property and equipment—net ​ ​ 764,669 ​ ​ 711,804 Total lease right-of-use assets ​ ​ ​ $ 1,316,400 ​ $ 1,167,968 Liabilities ​ ​ ​ ​ ​ ​ ​ ​ Current (3) ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ Operating lease liabilities ​ $ 74,706 ​ $ 71,524 Finance leases ​ Other current liabilities ​ ​ 15,017 ​ ​ 14,671 Total lease liabilities—current ​ ​ ​ ​ 89,723 ​ ​ 86,195 Non-current ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ Non-current operating lease liabilities ​ ​ 538,886 ​ ​ 448,169 Finance leases ​ Non-current finance lease liabilities ​ ​ 549,098 ​ ​ 485,481 Total lease liabilities—non-current ​ ​ ​ ​ 1,087,984 ​ ​ 933,650 Total lease liabilities ​ ​ ​ $ 1,177,707 ​ $ 1,019,845 (1) Finance lease right-of-use assets include capitalized amounts related to our completed construction activities to design and build leased assets, which are reclassified from other non-current assets upon lease commencement. (2) Finance lease right-of-use assets are recorded net of accumulated amortization of $162.9 million and $133.0 million as of October 30, 2021 and January 30, 2021, respectively. (3) Current portion of lease liabilities represents the reduction of the related lease liability over the next 12 months.
Summary of Maturities of Lease Liabilities	The maturities of lease liabilities are as follows as of October 30, 2021 ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPERATING ​ FINANCE ​ ​ FISCAL YEAR ​ ​ LEASES LEASES TOTAL Remainder of fiscal 2021 ​ ​ ​ $ 23,974 ​ $ 10,395 ​ $ 34,369 2022 ​ ​ ​ ​ 95,692 ​ ​ 41,885 ​ ​ 137,577 2023 ​ ​ ​ ​ 87,244 ​ ​ 42,300 ​ ​ 129,544 2024 ​ ​ ​ ​ 80,525 ​ ​ 42,694 ​ ​ 123,219 2025 ​ ​ ​ ​ 79,822 ​ ​ 43,910 ​ ​ 123,732 2026 ​ ​ ​ ​ 76,504 ​ ​ 44,690 ​ ​ 121,194 Thereafter ​ ​ ​ ​ 299,552 ​ ​ 711,436 ​ ​ 1,010,988 Total lease payments (1)(2) ​ ​ ​ ​ 743,313 ​ ​ 937,310 ​ ​ 1,680,623 Less—imputed interest (3) ​ ​ ​ ​ (129,721) ​ ​ (373,195) ​ ​ (502,916) Present value of lease liabilities ​ ​ ​ $ 613,592 ​ $ 564,115 ​ $ 1,177,707 (1) Total lease payments include future obligations for renewal options that are reasonably certain to be exercised and are included in the measurement of the lease liability. Total lease payments exclude $719.6 million of legally binding payments under the non-cancellable term for leases signed but not yet commenced under our accounting policy as of October 30, 2021, of which $6.4 million, $31.8 million, $37.5 million, $41.8 million, $44.0 million and $42.8 million will be paid in the remainder of fiscal 2021, fiscal 2022, fiscal 2023, fiscal 2024, fiscal 2025 and fiscal 2026, respectively, and $515.3 million will be paid subsequent to fiscal 2026. (2) Excludes future commitments under short-term lease agreements of $0.9 million as of October 30, 2021. (3) Calculated using the discount rate for each lease at lease commencement.
Summary of Supplemental Information Related to Leases	Supplemental information related to leases consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 ​ 2020 Weighted-average remaining lease term (years) ​ ​ ​ ​ ​ Operating leases ​ 9.3 ​ ​ 8.8 Finance leases ​ 20.1 ​ ​ 18.6 Weighted-average discount rate ​ ​ ​ ​ ​ Operating leases ​ 3.84% ​ ​ 3.86% Finance leases ​ 4.97% ​ ​ 5.04%
Summary of Other Information Related to Leases	​ ​ ​ ​ ​ ​ ​ ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 ​ 2020 Weighted-average remaining lease term (years) ​ ​ ​ ​ ​ Operating leases ​ 9.3 ​ ​ 8.8 Finance leases ​ 20.1 ​ ​ 18.6 Weighted-average discount rate ​ ​ ​ ​ ​ Operating leases ​ 3.84% ​ ​ 3.86% Finance leases ​ 4.97% ​ ​ 5.04%

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	9 Months Ended
	Oct. 30, 2021
Convertible senior notes due 2024
Carrying Values of Notes Excluding the Discounts upon Original Issuance and Third Party Offering Costs	The carrying value of the 2024 Notes, excluding the discounts upon original issuance and third party offering costs, is as follows ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Liability component ​ ​ Principal ​ $ 282,768 ​ $ 350,000 Less: Debt discount ​ (42,836) ​ (65,818) Net carrying amount (1) ​ $ 239,932 ​ $ 284,182 Equity component (2) ​ $ 81,643 ​ $ 87,252 (1) Includes $56.7 million classified within total current liabilities on the condensed consolidated balance sheets as of October 30, 2021 for the early conversion of $56.7 million in principal amount of 2024 Notes to be settled in the fourth quarter of fiscal 2021. (2) Includes $8.6 million in mezzanine equity and the remaining amount in additional paid-in capital on the condensed consolidated balance sheets as of October 30, 2021. As of January 30, 2021, the full amount is included in additional paid-in capital on the condensed consolidated balance sheets.
Convertible senior notes due 2023
Carrying Values of Notes Excluding the Discounts upon Original Issuance and Third Party Offering Costs	The carrying values of the 2023 Notes, excluding the discounts upon original issuance and third party offering costs, are as follows ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, JANUARY 30, ​ ​ 2021 ​ 2021 Liability component ​ ​ Principal ​ $ 128,030 ​ $ 335,000 Less: Debt discount ​ (11,912) ​ (47,064) Net carrying amount (1) ​ $ 116,118 ​ $ 287,936 Equity component (2) ​ $ 82,834 ​ $ 90,990 (1) Includes $53.5 million classified within total current liabilities on the condensed consolidated balance sheets as of October 30, 2021 for the early conversion of $53.5 million in principal amount of 2023 Notes to be settled in the fourth quarter of fiscal 2021. (2) Includes $5.0 million in mezzanine equity and the remaining amount in additional paid-in capital on the condensed consolidated balance sheets as of October 30, 2021. As of January 30, 2021, the full amount is included in additional paid-in capital on the condensed consolidated balance sheets.

Credit Facilities (Tables)

Credit Facilities (Tables)	9 Months Ended
	Oct. 30, 2021
Debt Disclosure
Schedule of Outstanding Balances Under our Credit Facilities	The outstanding balances under our credit facilities were as follows ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ 2021 ​ 2021 ​ ​ ​ ​ UNAMORTIZED ​ ​ ​ ​ ​ UNAMORTIZED ​ ​ ​ ​ ​ ​ ​ DEBT ​ NET ​ ​ ​ ​ DEBT ​ NET ​ ​ OUTSTANDING ​ ISSUANCE ​ CARRYING ​ OUTSTANDING ​ ISSUANCE ​ CARRYING ​ ​ AMOUNT COSTS AMOUNT AMOUNT COSTS AMOUNT Asset based credit facility (1) ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Term loan credit agreement (2) ​ ​ 2,000,000 ​ ​ (22,735) ​ ​ 1,977,265 ​ ​ — ​ ​ — ​ ​ — Equipment promissory notes (3) ​ 20,569 ​ ​ (66) ​ ​ 20,503 ​ 37,532 ​ (171) ​ 37,361 Total credit facilities ​ $ 2,020,569 ​ $ (22,801) ​ $ 1,997,768 ​ $ 37,532 ​ $ (171) ​ $ 37,361 (1) Deferred financing fees associated with the asset based credit facility as of October 30, 2021 and January 30, 2021 were $4.4 million and $1.5 million, respectively, and are included in other non-current assets on the condensed consolidated balance sheets. The deferred financing fees are amortized on a straight-line basis over the life of the revolving line of credit. In July 2021, Restoration Hardware, Inc. entered into the ABL Credit Agreement (defined below) which extended the maturity date of the revolving line of credit from June 28, 2022 to July 29, 2026. (2) Represents the Term Loan Credit Agreement (defined below), of which $1,980.0 million outstanding and $20.0 million outstanding was included in term loan—net and other current liabilities on the condensed consolidated balance sheets, respectively. The maturity date of the Term Loan Credit Agreement is October 20, 2028. (3) Represents total equipment security notes secured by certain of our property and equipment, of which $18.9 million outstanding was included in other current liabilities on the condensed consolidated balance sheets. The remaining $1.7 million outstanding, included in equipment promissory notes—net on the condensed consolidated balance sheets, has principal payments due of $0.5 million and $1.2 million in fiscal 2022 and fiscal 2023, respectively.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 30, 2021
Fair Value Measurements
Estimated Fair Value and Carrying Value of Notes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ 2021 ​ 2021 ​ FAIR CARRYING FAIR CARRYING ​ ​ VALUE ​ VALUE (1) ​ VALUE ​ VALUE (1) Convertible senior notes due 2023 ​ $ 122,982 ​ $ 116,118 ​ $ 301,794 ​ $ 287,936 Convertible senior notes due 2024 ​ 260,612 ​ ​ 239,932 ​ 286,161 ​ 284,182 (1) Carrying value represents the principal amount less the equity component of the 2023 Notes and 2024 Notes classified in stockholders’ equity, and does not exclude the discounts upon original issuance, discounts and commissions payable to the initial purchasers and third party offering costs, as applicable.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Oct. 30, 2021
Net Income Per Share
Schedule of weighted-average shares used for net income per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ ​ OCTOBER 30, ​ OCTOBER 31, ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 2020 2021 2020 Weighted-average shares—basic ​ 21,430,557 ​ 19,552,836 ​ 21,200,146 ​ 19,393,931 Effect of dilutive stock-based awards 6,462,775 5,918,350 6,645,663 5,164,775 Effect of dilutive convertible senior notes (1) 3,397,747 2,814,938 3,647,587 1,792,488 Weighted-average shares—diluted 31,291,079 28,286,124 31,493,396 26,351,194 (1) The $300 million aggregate principal amount of convertible senior notes that were issued in June and July 2015 (the “2020 Notes”), the 2023 Notes and the 2024 Notes would have an impact on our dilutive share count beginning at stock prices at or above $118.13 per share, $193.65 per share and $211.40 per share, respectively. The 2020 Notes matured on July 15, 2020 and did not have an impact on our dilutive share count post-termination. The warrants associated with our 2020 Notes, 2023 Notes and 2024 Notes have an impact on our dilutive share count beginning at stock prices at or above $189.00 per share, $309.84 per share and $338.24 per share, respectively. The warrants associated with our 2020 Notes expired on January 7, 2021.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Oct. 30, 2021
Segment Reporting
Summary of Statements of Income Metrics Reviewed by CODM to Evaluate Performance Internally or As required under ASC 280 - Segment Reporting	The following table presents the statements of income metrics reviewed by the CODM to evaluate performance internally or as required under ASC 280— Segment Reporting in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ ​ OCTOBER 30, ​ OCTOBER 31, ​ ​ 2021 ​ 2020 ​ RH SEGMENT WATERWORKS TOTAL RH SEGMENT WATERWORKS TOTAL Net revenues ​ $ 964,859 ​ $ 41,569 ​ $ 1,006,428 ​ $ 812,782 ​ $ 31,231 ​ $ 844,013 Gross profit ​ 484,363 ​ 20,891 ​ 505,254 ​ 394,689 ​ 13,641 ​ 408,330 Depreciation and amortization ​ 23,878 ​ ​ 941 ​ 24,819 ​ 25,135 ​ 1,341 ​ 26,476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ NINE MONTHS ENDED ​ ​ OCTOBER 30, ​ OCTOBER 31, ​ ​ 2021 ​ 2020 ​ RH SEGMENT WATERWORKS TOTAL RH SEGMENT WATERWORKS TOTAL Net revenues ​ $ 2,732,300 ​ $ 123,779 ​ $ 2,856,079 ​ $ 1,949,126 ​ $ 87,064 ​ $ 2,036,190 Gross profit ​ 1,337,983 ​ 61,924 ​ 1,399,907 ​ 902,932 ​ 37,471 ​ 940,403 Depreciation and amortization ​ 68,042 ​ ​ 3,333 ​ 71,375 ​ 73,086 ​ ​ 3,602 ​ 76,688
Summary of Balance Sheet Metrics as Required Under ASC 280 - Segment Reporting	The following table presents the balance sheet metrics as required under ASC 280— Segment Reporting in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OCTOBER 30, ​ JANUARY 30, ​ ​ 2021 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ ​ ​ ​ RH SEGMENT WATERWORKS DEVELOPMENT TOTAL RH SEGMENT WATERWORKS DEVELOPMENT TOTAL Goodwill (1) ​ $ 141,141 ​ $ — ​ $ — ​ $ 141,141 ​ $ 141,100 ​ $ — ​ $ — ​ $ 141,100 Tradenames, trademarks and other intangible assets (2) ​ 55,907 ​ 17,000 ​ — ​ 72,907 ​ 54,663 ​ 17,000 ​ — ​ 71,663 Equity method investments ​ ​ — ​ ​ — ​ ​ 97,976 ​ ​ 97,976 ​ ​ — ​ ​ — ​ ​ 100,603 ​ ​ 100,603 Total assets ​ 5,161,789 ​ 160,260 ​ 97,976 ​ 5,420,025 ​ 2,659,944 ​ 137,766 ​ 100,603 ​ 2,898,313 (1) The Waterworks reporting unit goodwill of $51.1 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018, with $17.4 million and $33.7 million impairment recorded in fiscal 2018 and fiscal 2017, respectively. (2) The Waterworks reporting unit tradename is presented net of an impairment charge of $35.1 million, with $20.5 million and $14.6 million recorded in fiscal 2020 and fiscal 2018, respectively.
Schedule of Segment Operating Income and Income Before Income Taxes	The following table presents segment operating income and income before income taxes ( in thousands ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 2020 2021 2020 Operating income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RH Segment $ 276,091 ​ $ 223,103 ​ $ 721,343 ​ $ 425,970 Waterworks 2,619 ​ 2,208 ​ 14,274 ​ 2,331 Non-cash compensation ​ (5,831) ​ ​ (111,218) ​ ​ (17,559) ​ ​ (111,218) Asset impairments and lease losses — ​ (2,091) ​ (7,354) ​ (11,901) Recall accrual (340) ​ (781) ​ (840) ​ (5,561) Reorganization related costs — ​ — ​ (449) ​ (7,027) Loss on sale leaseback transaction ​ — ​ ​ — ​ ​ — ​ ​ (9,352) Income from operations 272,539 ​ 111,221 ​ 709,415 ​ 283,242 Interest expense—net 13,223 ​ 15,656 ​ 40,112 ​ 54,703 (Gain) loss on extinguishment of debt 18,513 ​ — ​ 21,784 ​ (152) Tradename impairment ​ — ​ ​ — ​ ​ — ​ ​ 20,459 Income before income taxes $ 240,803 ​ $ 95,565 ​ $ 647,519 ​ $ 208,232
Net Revenues	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ THREE MONTHS ENDED ​ NINE MONTHS ENDED ​ OCTOBER 30, ​ OCTOBER 31, ​ OCTOBER 30, ​ OCTOBER 31, ​ 2021 2020 2021 2020 Furniture $ 706,750 ​ $ 584,960 ​ $ 1,986,490 ​ $ 1,380,688 Non-furniture 299,678 ​ 259,053 ​ 869,589 ​ 655,502 Total net revenues $ 1,006,428 ​ $ 844,013 ​ $ 2,856,079 ​ $ 2,036,190

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Oct. 30, 2021
Business Combinations
Schedule of purchase price allocation	​ ​ ​ ​ ​ Goodwill ​ $ 10,948 Tradename ​ ​ 4,800 Tangible assets acquired and liabilities assumed—net ​ ​ (796) Total ​ $ 14,952

The Company (Detail)

The Company (Detail)	Oct. 30, 2021itemstorestate
The Company
Number of galleries	66
Number of RH outlet stores | store	38
Number of states that galleries and stores operate, District of Columbia and Canada | state	30
Number of waterworks showrooms throughout the United States and in the U.K.	14

Prepaid Expense and Other Ass_3

Prepaid Expense and Other Assets - Prepaid Expense and Other Current Assets (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Prepaid Expense And Other Assets Current [Abstract]
Prepaid expense and other current assets	$ 44,509	$ 35,689
Tenant allowance receivable	16,558	6,390
Capitalized catalog costs	16,535	19,067
Promissory note receivable, including interest	16,119	13,569
Vendor deposits	15,077	12,519
Right of return asset for merchandise	7,118	7,453
Acquisition related escrow deposits	4,750	2,650
Total prepaid expense and other current assets	$ 120,666	$ 97,337

Prepaid Expense and Other Ass_4

Prepaid Expense and Other Assets - Other Non-Current Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 30, 2021	Oct. 30, 2021
Other Assets Noncurrent [Abstract]
Landlord assets under construction-net of tenant allowances	$ 135,531	$ 209,149
Initial direct costs prior to lease commencement	36,770	51,812
Capitalized cloud computing costs-net	7,254	12,594
Other deposits	5,287	6,860
Acquisition related escrow deposits	3,975
Deferred financing fees	1,525	4,352
Other non-current assets	9,835	11,459
Total other non-current assets	200,177	296,226
Accumulated amortization	$ 500	$ 2,900

Goodwill, Tradenames, Tradema_3

Goodwill, Tradenames, Trademarks and Other Intangible Assets - Goodwill, Tradenames, Trademarks and Domain Names Activity (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	May 02, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Goodwill Activity
Goodwill, Beginning balance		$ 141,100
Goodwill, Ending balance		141,141		$ 141,100
Tradenames, trademarks and domain names Activity
Indefinite-lived intangible assets, Beginning balance		71,663
Tradenames, trademarks and other intangible assets			$ 20,459
Indefinite-lived intangible assets, Ending balance		72,907		71,663
RH Segment
Goodwill Activity
Goodwill, Beginning balance		141,100
Goodwill, Foreign Currency Translation		41
Goodwill, Ending balance		141,141		141,100
Tradenames, trademarks and domain names Activity
Indefinite-lived intangible assets, Beginning balance		54,663
Indefinite-lived intangible assets, Ending balance		55,907		54,663
RH Segment | Tradenames, trademarks and domain names
Tradenames, trademarks and domain names Activity
Indefinite-lived intangible assets, Beginning balance		54,663
Indefinite-lived intangible assets, Acquisition		1,244
Indefinite-lived intangible assets, Ending balance		55,907		54,663
Waterworks
Goodwill Activity
Goodwill impairment charge					$ 17,400	$ 33,700	$ 51,100
Tradenames, trademarks and domain names Activity
Indefinite-lived intangible assets, Beginning balance		17,000
Tradenames, trademarks and other intangible assets	$ 20,500	35,100		20,500	$ 14,600
Indefinite-lived intangible assets, Ending balance		17,000		17,000
Waterworks | Tradename
Tradenames, trademarks and domain names Activity
Indefinite-lived intangible assets, Beginning balance		17,000
Indefinite-lived intangible assets, Ending balance		$ 17,000		$ 17,000

Goodwill, Tradenames, Tradema_4

Goodwill, Tradenames, Trademarks and Other Intangible Assets - Waterworks Tradename Impairment (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	May 02, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021	Feb. 02, 2019
Indefinite Lived Intangible Assets By Major Class [Line Items]
Impaired Intangible Asset, Facts and Circumstances Leading to Impairment	COVID-19 health crisis and related Showroom closures and slowdown in construction activity
Impaired Intangible Asset, Description	We performed an interim impairment test on the Waterworks tradename and the estimated future cash flows of the Waterworks reporting unit indicated the fair value of the tradename asset was below its carrying amount.
Impaired Intangible Asset, Method for Fair Value Determination	We determined fair value utilizing a discounted cash flow methodology under the relief-from-royalty method. Significant assumptions under this method include forecasted net revenues and the estimated royalty rate, expressed as a percentage of revenues, in addition to the discount rate based on the weighted-average cost of capital.
Non-cash impairment charge			$ 20,459
Waterworks
Indefinite Lived Intangible Assets By Major Class [Line Items]
Non-cash impairment charge	$ 20,500	$ 35,100		$ 20,500	$ 14,600

Equity Method Investments (Deta

Equity Method Investments (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 30, 2021USD ($)item	Oct. 30, 2021USD ($)item
Related Party Transaction [Line Items]
Share of equity method investments losses	$ 2,313	$ 6,894
Aspen LLC's
Related Party Transaction [Line Items]
Joint venture, percentage of ownership	50.00%	50.00%
Number of privately held limited companies | item	3	3
Share of equity method investments losses	$ 2,300	$ 6,900
Aspen LLC's | Prepaid expenses and other current assets | Promissory notes receivable
Related Party Transaction [Line Items]
Contributed capital membership interest	$ 16,100	$ 16,100
1 of 3 Aspen Llc S [Member]
Related Party Transaction [Line Items]
Joint venture, percentage of ownership	20.00%	20.00%

Accounts Payable, Accrued Exp_3

Accounts Payable, Accrued Expenses and Other Current Liabilities - Accounts Payable and Accrued Expenses (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Accounts Payable, Accrued Expenses and Other Current Liabilities
Accounts payable	$ 205,595	$ 224,906
Accrued compensation	76,739	84,860
Accrued freight and duty	29,491	29,754
Accrued sales taxes	27,019	23,706
Accrued occupancy	28,241	17,671
Accrued professional fees	4,953	5,383
Accrued catalog costs	3,525	4,354
Deferred consideration for asset purchase		14,387
Other accrued expenses	19,585	19,401
Total accounts payable and accrued expenses	$ 395,148	$ 424,422

Accounts Payable, Accrued Exp_4

Accounts Payable, Accrued Expenses and Other Current Liabilities - Other Current Liabilities (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Accounts Payable, Accrued Expenses and Other Current Liabilities
Current portion of equipment promissory notes	$ 18,878	$ 22,747
Allowance for sales returns	27,033	25,559
Unredeemed gift card and merchandise credit liability	22,794	19,173
Current portion of term loan	20,000
Finance lease liabilities	15,017	14,671
Federal and state tax payable	11,592	49,539
Other current liabilities	16,465	11,002
Total other current liabilities	$ 131,779	$ 142,691

Accounts Payable, Accrued Exp_5

Accounts Payable, Accrued Expenses and Other Current Liabilities - Contract Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Contract Liabilities
Revenue recognized on membership period			1 year
Gift card breakage recorded	$ 0.5	$ 0.2	$ 1.4	$ 1
Percentage of remaining revenue recognized on gift card			75.00%
Gift card and merchandise credits
Contract Liabilities
Revenue related to previous deferrals related to gift cards	$ 4.4	$ 5.6	$ 14.2	$ 16.2

Other Non-Current Obligations_2

Other Non-Current Obligations (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Other Non-Current Obligations.
Deferred payroll taxes	$ 4,461	$ 4,461
Unrecognized tax benefits	2,810	3,114
Other noncurrent obligations	4,075	9,406
Total other non-current obligations	$ 11,346	$ 16,981

Leases - Lease Costs-Net (Detai

Leases - Lease Costs-Net (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Lease costs-net:
Operating lease cost	$ 25,637	$ 21,111	$ 74,794	$ 62,018
Finance lease costs
Amortization of leased assets	10,860	10,841	32,574	30,554
Interest on lease liabilities	6,711	6,158	19,468	17,887
Variable lease costs	9,096	5,930	25,436	13,410
Sublease income	(1,189)	(1,519)	(3,507)	(6,213)
Total lease cost-net	51,115	42,521	148,765	117,656
Variable lease payments	$ 6,900	$ 4,000	$ 18,800	$ 8,300

Leases - Lease Right-of-Use Ass

Leases - Lease Right-of-Use Assets and Lease Liabilities (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Assets and Liabilities, Lessee [Abstract]
Operating leases	$ 551,731	$ 456,164
Balance Sheet Classification, Operating lease right-of-use assets	Operating leases	Operating leases
Finance leases	$ 764,669	$ 711,804
Balance Sheet Classification, Property and equipment-net	Property and equipment-net	Property and equipment-net
Total lease right-of-use assets	$ 1,316,400	$ 1,167,968
Liabilities, Current
Operating leases, current	$ 74,706	$ 71,524
Balance Sheet Classification, Operating lease liabilities	Operating leases, current	Operating leases, current
Finance leases, current	$ 15,017	$ 14,671
Balance Sheet Classification, Other current liabilities	Other current liabilities	Other current liabilities
Total lease liabilities-current	$ 89,723	$ 86,195
Liabilities, Non-current
Operating leases, noncurrent	$ 538,886	$ 448,169
Balance Sheet Classification, Non-current operating lease liabilities	Operating leases, noncurrent	Operating leases, noncurrent
Finance leases, noncurrent	$ 549,098	$ 485,481
Balance Sheet Classification, Non-current finance lease liabilities	Finance leases, noncurrent	Finance leases, noncurrent
Total lease liabilities-non-current	$ 1,087,984	$ 933,650
Total lease liabilities	1,177,707	1,019,845
Finance lease right-of-use assets, accumulated amortization	$ 162,900	$ 133,000

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2021	Jan. 30, 2021
Leases
2021	$ 6,400
2022	31,800
2023	37,500
2024	41,800
2025	44,000
2026	42,800
Thereafter	515,300
Maturities of lease liabilities, Operating Leases
Remainder of fiscal 2021	23,974
2022	95,692
2023	87,244
2024	80,525
2025	79,822
2026	76,504
Thereafter	299,552
Total lease payments	743,313
Less-imputed interest	(129,721)
Present value of lease liabilities	613,592
Maturities of lease liabilities, Finance Leases
Remainder of fiscal 2021	10,395
2022	41,885
2023	42,300
2024	42,694
2025	43,910
2026	44,690
Thereafter	711,436
Total lease payments	937,310
Less-imputed interest	(373,195)
Present value of lease liabilities	564,115
Total maturities of lease liabilities
Remainder of fiscal 2021	34,369
2022	137,577
2023	129,544
2024	123,219
2025	123,732
2026	121,194
Thereafter	1,010,988
Total lease payments	1,680,623
Less-imputed interest	(502,916)
Present value of lease liabilities	1,177,707	$ 1,019,845
Legally binding payments for leases signed but not yet commenced	719,600
Future commitments under short-term lease agreements	$ 900
Short-term lease agreements, commitments	true

Leases - Supplemental Informati

Leases - Supplemental Information Related to Leases (Detail)	Oct. 30, 2021	Oct. 31, 2020
Weighted-average remaining lease term (years)
Operating leases, years	9 years 3 months 18 days	8 years 9 months 18 days
Finance leases, years	20 years 1 month 6 days	18 years 7 months 6 days
Weighted-average discount rate
Operating leases, percent	3.84%	3.86%
Finance leases, percent	4.97%	5.04%

Leases - Other Information Rela

Leases - Other Information Related to Leases (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ (76,957)	$ (49,251)
Operating cash flows from finance leases	(19,774)	(14,170)
Financing cash flows from finance leases	(10,511)	(8,801)
Total cash outflows from leases	(107,242)	(72,222)
Lease right-of-use assets obtained in exchange for lease obligations-net of lease terminations (non-cash)
Operating leases	151,548	45,341
Finance leases	$ 73,855	$ 57,440

Leases - Sale-Leaseback Transac

Leases - Sale-Leaseback Transaction and Long-lived Asset Impairment (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 01, 2020USD ($)	May 02, 2020USD ($)store	Oct. 31, 2020USD ($)
Sale Leaseback Transaction [Line Items]
Net gain (loss) related to the sale-leaseback transaction			$ (9,352)
RH Baby & Child Gallery and Waterworks Showroom
Sale Leaseback Transaction [Line Items]
Impairment charge on long-lived assets		$ 3,500
Property Plant and Equipment Other Than Leased Assets | RH Baby & Child Gallery and Waterworks Showroom
Sale Leaseback Transaction [Line Items]
Impairment charge on long-lived assets		1,500
Leased Assets | RH Baby & Child Gallery and Waterworks Showroom
Sale Leaseback Transaction [Line Items]
Impairment charge on long-lived assets		$ 2,000
Sale-leaseback Transaction | Minneapolis Design Gallery
Sale Leaseback Transaction [Line Items]
Sale proceeds	$ 25,500
Operating Leaseback Arrangement | Minneapolis Design Gallery
Sale Leaseback Transaction [Line Items]
Initial lease terms, operating lease	20 years
Renewal term, operating lease	10 years
Selling, general and administrative expenses | Operating Leaseback Arrangement | Minneapolis Design Gallery
Sale Leaseback Transaction [Line Items]
Net gain (loss) related to the sale-leaseback transaction	$ 9,400
RH Segment
Sale Leaseback Transaction [Line Items]
Properties with impairment charges | store		1
Waterworks
Sale Leaseback Transaction [Line Items]
Properties with impairment charges | store		1

Convertible Senior Notes - $350

Convertible Senior Notes - $350 million 0.00% Convertible Senior Notes due 2024 (Detail)	1 Months Ended	3 Months Ended				9 Months Ended
	Sep. 30, 2019USD ($)D$ / sharesshares	Jan. 29, 2022USD ($)	Oct. 30, 2021USD ($)$ / sharesshares	Jul. 31, 2021USD ($)	Oct. 31, 2020USD ($)	Oct. 30, 2021USD ($)$ / sharesshares	Oct. 31, 2020USD ($)shares	Jan. 30, 2021USD ($)
Debt default conditions
Amortization of debt discount						$ 24,236,000	$ 33,810,000
Debt amount settled in cash						235,126,000	215,846,000
Gain (loss) on extinguishment of debt			$ (18,513,000)			$ (21,784,000)	$ 152,000
Shares acquired from notes settlement | shares						0	0
Common Stock
Debt default conditions
Shares acquired from notes settlement | shares							600
Convertible senior notes due 2024
Debt Instrument
Debt instrument, issuance date	Sep. 30, 2019
Debt instrument, principal amount	$ 350,000,000		282,768,000			$ 282,768,000		$ 350,000,000
Debt instrument, maturity date	Sep. 15, 2024
Debt default conditions
Events of default and acceleration of maturity description	Certain events are also considered “events of default” under the 2024 Notes, which may result in the acceleration of the maturity of the 2024 Notes, as described in the indenture governing the 2024 Notes. Events of default under the indenture for the 2024 Notes include, among other things, the occurrence of an event of default by us as defined under any mortgage, indenture or instrument under which there may be issued, or by which there may be secured or evidenced, any indebtedness of the Company or any of its significant subsidiaries for money borrowed, if that event of default (i) constitutes the failure to pay when due indebtedness in the aggregate principal amount in excess of $20 million and (ii) such event of default continues for a period of 30 days after written notice is delivered to the Company by the Trustee or to the Company and the Trustee by the holders of at least 25% of the aggregate principal amount of the 2024 Notes then outstanding.
Debt instrument, conversion description	The initial conversion rate applicable to the 2024 Notes is 4.7304 shares of common stock per $1,000 principal amount of 2024 Notes, or a total of approximately 1.656 million shares for the total $350 million principal amount. This initial conversion rate is equivalent to an initial conversion price of approximately $211.40 per share, which represents a 25% premium to the $169.12 closing share price on the day the 2024 Notes were priced.
Debt default, failure to pay due indebtedness, threshold amount	$ 20,000,000
Debt default, failure to pay due indebtedness, threshold period	30 days
Percentage of aggregate principal amount of notes outstanding	25.00%
Debt instrument, initial conversion rate						100
Debt instrument, conversion principal amount	$ 1,000
Debt instrument, total conversion rate	1,656,000
Debt instrument, convertible earliest date	Jun. 15, 2024
Premium on stock trigger price	25.00%
Debt instrument, convertible, stock price trigger | $ / shares	$ 169.12
Debt instrument, effective interest rate	5.74%
Discounts upon original issuance	$ 3,500,000
Third party offering costs	$ 1,300,000
Amortization of debt issuance costs			200,000		$ 200,000	$ 500,000	$ 500,000
Amortization of debt discount			3,700,000		$ 4,000,000	12,000,000	$ 11,800,000
Debt amount settled in cash			$ 67,200,000	$ 67,200,000
Shares issued upon conversion | shares			219,738
Gain (loss) on extinguishment of debt			$ (5,400,000)
Shares acquired from notes settlement | shares			219,728
Convertible debt expected to be settled in cash and common stock			$ 56,700,000
Trading days used to determine the conversion value			45 days
Outstanding principal balance reclassified to current liabilities			$ 56,700,000			56,700,000		56,700,000
Equity component reclassified to mezzanine equity from permanent equity			$ 8,600,000			$ 8,600,000		$ 8,600,000
Convertible senior notes due 2024 | Scenario, Plan
Debt default conditions
Debt amount settled in cash		$ 56,700,000
Convertible debt expected to be settled in cash and common stock		$ 56,700,000
Convertible senior notes due 2024 | Common Stock
Debt default conditions
Debt instrument, initial conversion rate	4.7304
Conversion price per share | $ / shares	$ 211.40		$ 211.40			$ 211.40
Convertible senior notes due 2024 | Convertible debt instrument conversion period one
Debt default conditions
Debt instrument, convertible trading days | D	20
Debt instrument, convertible consecutive trading days | D	30
Debt instrument, convertible percentage of stock price	130.00%
Convertible senior notes due 2024 | Convertible debt instrument conversion period two
Debt default conditions
Debt instrument, convertible trading days | D	5
Debt instrument, convertible consecutive trading days | D	10
Debt instrument, convertible percentage of stock price	98.00%
Convertible senior notes due 2024 | Convertible bond hedge and warrant transactions
Debt default conditions
Premium on stock trigger price	100.00%
Debt instrument, convertible, stock price trigger | $ / shares	$ 169.12
Shares issued upon conversion | shares			10
Convertible senior notes due 2024 | Convertible bond hedge and warrant transactions | Common Stock
Debt default conditions
Conversion price per share | $ / shares	$ 211.40
Shares issued upon conversion | shares	1,656,000
Private Offering | Convertible senior notes due 2024
Debt Instrument
Debt instrument, principal amount	$ 350,000,000
Debt instrument, interest rate	0.00%

Convertible Senior Notes - Carr

Convertible Senior Notes - Carrying Value of the 2024 Notes (Detail) - Convertible senior notes due 2024 - USD ($) $ in Thousands	3 Months Ended
	Jan. 29, 2022	Oct. 30, 2021	Jan. 30, 2021	Sep. 30, 2019
Liability component
Principal		$ 282,768	$ 350,000	$ 350,000
Less: Debt discount		(42,836)	(65,818)
Net carrying amount		239,932	284,182
Equity component		81,643	87,252
Outstanding principal balance reclassified to current liabilities		56,700	56,700
Convertible debt expected to be settled in cash and common stock		56,700
Equity component reclassified to mezzanine equity from permanent equity		$ 8,600	$ 8,600
Scenario, Plan
Liability component
Convertible debt expected to be settled in cash and common stock	$ 56,700

Convertible Senior Notes - 2024

Convertible Senior Notes - 2024 Notes-Convertible Bond Hedge and Warrant Transactions (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Oct. 30, 2021	Oct. 30, 2021
Convertible bond hedge and warrant transactions
Debt Instrument
Deferred tax asset		$ 22.7	$ 22.7
Convertible senior notes due 2024
Debt Instrument
Debt instrument, issuance date	Sep. 30, 2019
Shares issued upon conversion		219,738
Premium on stock trigger price	25.00%
Debt instrument, convertible, stock price trigger	$ 169.12
Deferred tax liability		$ 21.7	$ 21.7
Convertible senior notes due 2024 | Convertible bond hedge and warrant transactions
Debt Instrument
Convertible note hedge, description			we entered into convertible note hedge transactions whereby we have the option to purchase a total of approximately 1.656 million shares of our common stock at a price of approximately $211.40 per share.
Shares issued upon conversion		10
Total cost of convertible note hedge transactions	$ 91.4
Premium on stock trigger price	100.00%
Debt instrument, convertible, stock price trigger	$ 169.12
Overallotment Option | Convertible senior notes due 2024 | Convertible bond hedge and warrant transactions
Debt Instrument
Debt instrument, issuance date	Sep. 30, 2019
Common Stock | Convertible senior notes due 2024
Debt Instrument
Conversion price per share	$ 211.40	$ 211.40	$ 211.40
Common Stock | Convertible senior notes due 2024 | Convertible bond hedge and warrant transactions
Debt Instrument
Shares issued upon conversion	1,656,000
Conversion price per share	$ 211.40
Warrants sold to purchase common stock	1,656,000
Warrants price per share	$ 338.24
Earnings dilution threshold, common stock price per share	$ 338.24
Warrants Subject to Certain Adjustment Mechanisms | Convertible senior notes due 2024 | Convertible bond hedge and warrant transactions
Debt Instrument
Cash proceeds from sale of warrants	$ 50.2
Warrants Subject to Certain Adjustment Mechanisms | Common Stock | Convertible senior notes due 2024 | Convertible bond hedge and warrant transactions | Maximum
Debt Instrument
Warrants sold to purchase common stock	3,300,000

Convertible Senior Notes - $335

Convertible Senior Notes - $335 million 0.00% Convertible Senior Notes due 2023 (Detail)	1 Months Ended		3 Months Ended					9 Months Ended
	Dec. 31, 2020USD ($)	Jun. 30, 2018USD ($)D$ / sharesshares	Jan. 29, 2022USD ($)	Oct. 30, 2021USD ($)$ / sharesshares	Jul. 31, 2021USD ($)shares	May 01, 2021USD ($)shares	Oct. 31, 2020USD ($)	Oct. 30, 2021USD ($)$ / sharesshares	Oct. 31, 2020USD ($)shares	Jan. 30, 2021USD ($)
Debt default conditions
Debt amount settled in cash								$ 235,126,000	$ 215,846,000
Gain (loss) on extinguishment of debt				$ (18,513,000)				$ (21,784,000)	$ 152,000
Shares acquired from notes settlement | shares								0	0
Amortization of debt discount								$ 24,236,000	$ 33,810,000
Common Stock
Debt default conditions
Shares acquired from notes settlement | shares									600
Convertible senior notes due 2023
Debt Instrument
Debt instrument, principal amount		$ 335,000,000		128,030,000				$ 128,030,000		$ 335,000,000
Debt instrument, maturity date		Jun. 15, 2023
Debt default conditions
Events of default and acceleration of maturity description		Certain events are also considered “events of default” under the 2023 Notes, which may result in the acceleration of the maturity of the 2023 Notes, as described in the indenture governing the 2023 Notes. Events of default under the indenture for the 2023 Notes include, among other things, the occurrence of an event of default by us as defined under any mortgage, indenture or instrument under which there may be issued, or by which there may be secured or evidenced, any indebtedness of the Company or any of its significant subsidiaries for money borrowed, if that event of default (i) constitutes the failure to pay when due indebtedness in the aggregate principal amount in excess of $20 million and (ii) such event of default continues for a period of 30 days after written notice is delivered to the Company by the Trustee or to the Company and the Trustee by the holders of at least 25% of the aggregate principal amount of the 2023 Notes then outstanding.
Debt default, failure to pay due indebtedness, threshold amount		$ 20,000,000
Debt default, failure to pay due indebtedness, threshold period		30 days
Percentage of aggregate principal amount of notes outstanding		25.00%
Debt instrument, conversion description		The initial conversion rate applicable to the 2023 Notes is 5.1640 shares of common stock per $1,000 principal amount of 2023 Notes, which is equivalent to an initial conversion price of approximately $193.65 per share.
Debt instrument, initial conversion rate		100
Debt instrument, conversion principal amount		$ 1,000
Debt instrument, convertible earliest date		Mar. 15, 2023						Mar. 15, 2023
Deemed elected combination settlement amount per note to be received upon conversion		$ 1,000
Debt instrument, effective interest rate		6.35%
Aggregate principal amount, current				53,242,000				$ 53,242,000		2,354,000
Debt amount settled in cash	$ 2,400,000			$ 173,800,000	$ 30,800,000	$ 2,400,000
Shares issued upon conversion | shares				644,352	112,297	7,307
Gain (loss) on extinguishment of debt				$ (11,700,000)	$ (3,200,000)	$ (100,000)
Shares acquired from notes settlement | shares				644,346	112,296
Convertible debt expected to be settled in cash and common stock				$ 53,500,000
Outstanding principal balance reclassified to current liabilities				53,500,000				53,500,000		53,500,000
Equity component reclassified to mezzanine equity from permanent equity				$ 5,000,000				5,000,000		$ 5,000,000
Trading days used to determine the conversion value				45 days
Discounts upon original issuance		$ 1,700,000
Third party offering costs		$ 4,600,000
Amortization of debt issuance costs				$ 200,000			$ 200,000	700,000	$ 700,000
Amortization of debt discount				$ 3,100,000			$ 4,400,000	$ 12,300,000	$ 13,100,000
Convertible senior notes due 2023 | Convertible debt instrument conversion period one
Debt default conditions
Debt instrument, convertible trading days | D		20
Debt instrument, convertible consecutive trading days | D		30
Debt instrument, convertible percentage of stock price		130.00%
Convertible senior notes due 2023 | Convertible debt instrument conversion period two
Debt default conditions
Debt instrument, convertible trading days | D		5
Debt instrument, convertible consecutive trading days | D		10
Debt instrument, convertible percentage of stock price		98.00%
Convertible senior notes due 2023 | Common Stock
Debt default conditions
Debt instrument, initial conversion rate		5.1640
Debt instrument, conversion principal amount		$ 1,000
Conversion price per share | $ / shares		$ 193.65		$ 193.65				$ 193.65
Shares issued upon conversion | shares		1,730,000
Convertible bond hedge and warrant transactions | Convertible senior notes due 2023
Debt Instrument
Debt instrument, issuance date		Jun. 30, 2018
Debt default conditions
Shares issued upon conversion | shares				6	1	2
Shares received upon exercise of warrants | shares						7,305
Convertible bond hedge and warrant transactions | Convertible senior notes due 2023 | Common Stock
Debt default conditions
Conversion price per share | $ / shares		$ 193.65
Private Offering | Convertible senior notes due 2023
Debt Instrument
Debt instrument, issuance date		Jun. 30, 2018
Debt instrument, principal amount		$ 300,000,000
Debt instrument, interest rate		0.00%
Overallotment Option | Convertible senior notes due 2023
Debt Instrument
Debt instrument, principal amount		$ 35,000,000
Scenario, Plan | Convertible senior notes due 2023
Debt default conditions
Debt amount settled in cash			$ 53,500,000
Convertible debt expected to be settled in cash and common stock			$ 53,500,000

Convertible Senior Notes - Ca_2

Convertible Senior Notes - Carrying Value of the 2023 Notes (Detail) - Convertible senior notes due 2023 - USD ($) $ in Thousands	3 Months Ended
	Jan. 29, 2022	Oct. 30, 2021	Jan. 30, 2021	Jun. 30, 2018
Liability component
Principal		$ 128,030	$ 335,000	$ 335,000
Less: Debt discount		(11,912)	(47,064)
Net carrying amount		116,118	287,936
Equity component		82,834	90,990
Outstanding principal balance reclassified to current liabilities		53,500	53,500
Convertible debt expected to be settled in cash and common stock		53,500
Equity component reclassified to mezzanine equity from permanent equity		$ 5,000	$ 5,000
Scenario, Plan
Liability component
Convertible debt expected to be settled in cash and common stock	$ 53,500

Convertible Senior Notes - 2023

Convertible Senior Notes - 2023 Notes-Convertible Bond Hedge and Warrant Transactions (Detail) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended			9 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares	Oct. 30, 2021USD ($)$ / sharesshares	Jul. 31, 2021shares	May 01, 2021shares	Oct. 30, 2021USD ($)$ / shares
Convertible bond hedge and warrant transactions
Debt Instrument
Deferred tax asset		$ 22,700			$ 22,700
Convertible senior notes due 2023
Debt Instrument
Shares issued upon conversion | shares		644,352	112,297	7,307
Convertible senior notes due 2023 | Convertible bond hedge and warrant transactions
Debt Instrument
Debt instrument, issuance date	Jun. 30, 2018
Convertible note hedge, description					we entered into convertible note hedge transactions whereby we have the option to purchase a total of approximately 1.730 million shares of our common stock at a price of approximately $193.65 per share.
Shares issued upon conversion | shares		6	1	2
Total cost of convertible note hedge transactions	$ 91,900
Deferred tax liability		$ 22,300			$ 22,300
Deferred tax asset		$ 22,500			$ 22,500
Common Stock | Convertible senior notes due 2023
Debt Instrument
Shares issued upon conversion | shares	1,730,000
Conversion price per share | $ / shares	$ 193.65	$ 193.65			$ 193.65
Common Stock | Convertible senior notes due 2023 | Convertible bond hedge and warrant transactions
Debt Instrument
Conversion price per share | $ / shares	$ 193.65
Convertible note hedge, number of shares	1,730
Warrants price per share | $ / shares	$ 309.84
Earnings dilution threshold, common stock price per share | $ / shares	$ 309.84
Warrants Subject to Certain Adjustment Mechanisms | Convertible senior notes due 2023 | Convertible bond hedge and warrant transactions
Debt Instrument
Cash proceeds from sale of warrants	$ 51,000
Warrants Subject to Certain Adjustment Mechanisms | Common Stock | Convertible senior notes due 2023 | Convertible bond hedge and warrant transactions | Maximum
Debt Instrument
Warrants sold to purchase common stock | shares	3,500,000

Credit Facilities - Outstanding

Credit Facilities - Outstanding Balances (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Line of Credit Facility
Outstanding Amount	$ 2,020,569	$ 37,532
Unamortized Debt Issuance Costs	(22,801)	(171)
Net Carrying Amount	1,997,768	37,361
Term loan credit agreement
Line of Credit Facility
Outstanding Amount	2,000,000
Unamortized Debt Issuance Costs	(22,735)
Net Carrying Amount	1,977,265
Equipment promissory notes
Line of Credit Facility
Outstanding Amount	20,569	37,532
Unamortized Debt Issuance Costs	(66)	(171)
Net Carrying Amount	20,503	37,361
2022	500
2023	1,200
Other non-current assets | Asset based credit facility
Line of Credit Facility
Deferred financing fees	4,400	$ 1,500
Other current liabilities | Term loan credit agreement
Line of Credit Facility
Aggregate amounts outstanding	20,000
Other current liabilities | Equipment promissory notes
Line of Credit Facility
Aggregate amounts outstanding	18,900
Equipment promissory notes, net | Equipment promissory notes
Line of Credit Facility
Aggregate amounts outstanding	1,700
Term loan, net | Term loan credit agreement
Line of Credit Facility
Aggregate amounts outstanding	$ 1,980,000

Credit Facilities - Asset Based

Credit Facilities - Asset Based Credit Facility (Detail) $ in Millions	Jul. 29, 2021USD ($)	Oct. 30, 2021USD ($)
Original Credit Agreement
Line of Credit Facility
Agreement, date		Aug. 3, 2011
Credit Agreement
Line of Credit Facility
Agreement, date		Jun. 28, 2017
Amended Credit Agreement
Line of Credit Facility
Agreement, date		Jul. 29, 2021
Equipment Loan Facility | Maximum
Line of Credit Facility
Maturity term		4 years
Equipment Loan Facility | Minimum
Line of Credit Facility
Maturity term		3 years
Asset based credit facility | Amended Credit Agreement
Line of Credit Facility
Line of credit facility, maximum borrowing capacity	$ 600
Line of credit facility, accordion feature	300
FCCR Covenant, threshold amount	$ 40
FCCR Covenant, threshold amount (percentage)	10.00%
FCCR Covenant ratio	1
Amended Credit Agreement, required daily sweep terms		The ABL Credit Agreement requires a daily sweep of all cash receipts and collections to prepay the loans under the agreement while (i) an event of default exists or (ii) when the unused availability under the ABL Credit Agreement drops below the greater of (A) $40.0 million and (B) an amount based on 10% of the total borrowing availability at the time.
Asset based credit facility | Amended Credit Agreement | Maximum | Scenario, Plan
Line of Credit Facility
Line of credit facility, maximum borrowing capacity	$ 900
Asset based credit facility | Amended Credit Agreement | Minimum
Line of Credit Facility
Line of credit facility, maximum borrowing capacity	600
Asset based credit facility | Amended Credit Agreement | Minimum | LIBOR
Line of Credit Facility
Debt instrument, interest rate		0.00%
Asset based credit facility | Amended Credit Agreement | Restoration Hardware Canada, Inc.
Line of Credit Facility
Line of credit facility, maximum borrowing capacity	$ 10
Revolving Credit Facility | Amended Credit Agreement
Line of Credit Facility
Line of Credit Facility, Remaining Borrowing Capacity		$ 333.7
Letters of credit | Amended Credit Agreement
Line of Credit Facility
Line of Credit, outstanding amount		$ 19.9

Credit Facilities - Term Loan C

Credit Facilities - Term Loan Credit Agreement (Detail) - Term loan credit agreement	Oct. 20, 2021USD ($)
Line of Credit Facility
Debt instrument, issuance date	Oct. 20, 2021
Principal	$ 2,000,000,000
Debt instrument, maturity date	Oct. 20, 2028
Percentage of discount on face value	0.50%
Percentage of prepayment premium	1.00%
Prepayment period within closing date of agreement	6 months
LIBOR
Line of Credit Facility
Interest rate	2.50%
Floor interest rate	0.50%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value and Carrying Value of Notes (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Convertible senior notes due 2023
Fair Value Balance Sheet Grouping Financial Statement Captions
Convertible senior notes, Fair Value	$ 122,982	$ 301,794
Convertible senior notes, Carrying Value	116,118	287,936
Convertible senior notes due 2024
Fair Value Balance Sheet Grouping Financial Statement Captions
Convertible senior notes, Fair Value	260,612	286,161
Convertible senior notes, Carrying Value	$ 239,932	$ 284,182

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Income Taxes
Income tax expense	$ 54,391	$ 49,154	$ 99,124	$ 66,610
Effective income tax rate	22.80%	51.40%	15.50%	32.00%
Unrecognized tax benefits	$ 8,700		$ 8,700
Tax expense and the effective tax rate, if recognized	8,000		8,000
Exposures related to unrecognized tax benefits	$ 6,200		$ 6,200
Period of unrecognized tax benefits change			12 months

Net Income Per Share - Schedule

Net Income Per Share - Schedule of Weighted-Average Shares Used for Net Income per Share (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Net Income Per Share
Weighted-average shares-basic	21,430,557	19,552,836	21,200,146	19,393,931
Effect of dilutive stock-based awards	6,462,775	5,918,350	6,645,663	5,164,775
Effect of dilutive convertible senior notes	3,397,747	2,814,938	3,647,587	1,792,488
Weighted-average shares-diluted	31,291,079	28,286,124	31,493,396	26,351,194

Net Income Per Share - Schedu_2

Net Income Per Share - Schedule of Weighted-Average Shares Used for Net Income per Share Footnotes (Detail) - USD ($) $ / shares in Units, $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Sep. 30, 2019	Jun. 30, 2018
Convertible senior notes due 2020
Earnings Per Share Diluted
Principal	$ 300,000
Convertible senior notes due 2020 | Common Stock
Earnings Per Share Diluted
Conversion price per share	$ 118.13
Convertible senior notes due 2020 | Warrant
Earnings Per Share Diluted
Conversion price per share	$ 189
Convertible senior notes due 2023
Earnings Per Share Diluted
Principal	$ 128,030	$ 335,000		$ 335,000
Convertible senior notes due 2023 | Common Stock
Earnings Per Share Diluted
Conversion price per share	$ 193.65			$ 193.65
Convertible senior notes due 2023 | Warrant
Earnings Per Share Diluted
Conversion price per share	$ 309.84
Convertible senior notes due 2024
Earnings Per Share Diluted
Principal	$ 282,768	$ 350,000	$ 350,000
Convertible senior notes due 2024 | Common Stock
Earnings Per Share Diluted
Conversion price per share	$ 211.40		$ 211.40
Convertible senior notes due 2024 | Warrant
Earnings Per Share Diluted
Conversion price per share	$ 338.24

Net Income Per Share - Anti-Dil

Net Income Per Share - Anti-Dilutive Securities Excluded from Diluted Net Income per Share (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share
Options were excluded from calculation of diluted net earnings share	121,587	311,242	86,474	451,559

Share Repurchase Program (Detai

Share Repurchase Program (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Feb. 01, 2020	Feb. 02, 2019
Share Repurchase Program and Equity Plans
Shares of common stock purchased under repurchase program, shares	0	0
Shares of common stock purchased under repurchase program		$ 72
Treasury stock, shares retired		600
Treasury stock reclassified, amount		$ 100
$950 Million Repurchase Program
Share Repurchase Program and Equity Plans
Shares of common stock purchased under repurchase program, shares			2,200,000
Shares of common stock purchased at an average price per share under repurchase program			$ 115.36
Shares of common stock purchased under repurchase program			$ 250,000
Share repurchase program authorized amount	$ 950,000
Amount of shares available under repurchase program	$ 450,000
Fiscal 2018 $700 million repurchase program
Share Repurchase Program and Equity Plans
Shares of common stock purchased under repurchase program, shares				2,000,000
Shares of common stock purchased at an average price per share under repurchase program				$ 122.10
Shares of common stock purchased under repurchase program				$ 250,000
Share repurchases under equity plans
Share Repurchase Program and Equity Plans
Treasury stock, shares retired		17

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)	Oct. 18, 2020	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award
Stock-based compensation expense		$ 12,000,000	$ 118,800,000	$ 37,426,000	$ 131,472,000
Stock-based compensation cost capitalized				0	0
Selling, general and administrative expenses		232,715,000	297,109,000	690,492,000	$ 657,161,000
Stock Options | Chairman and Chief Executive Officer
Share Based Compensation Arrangement By Share Based Payment Award
Option to purchase of common stock	700,000
Exercise price of option granted	$ 385.30
2012 Stock Incentive Plan and 2012 Stock Option Plan | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award
Unrecognized compensation expense related to unvested options		112,800,000		$ 112,800,000
Unrecognized compensation expense with weighted-average period				4 years 11 months 15 days
Aggregate intrinsic value of options outstanding		4,298,000,000		$ 4,298,000,000
Aggregate intrinsic value of options vested or expected to vest		4,166,000,000		4,166,000,000
Aggregate intrinsic value of options exercisable		$ 3,746,000,000		$ 3,746,000,000
Outstanding shares		7,844,306		7,844,306
Options outstanding, weighted-average exercise price per share		$ 112.01		$ 112.01
Weighted-average remaining contractual life of options exercisable				3 years 1 month 17 days
Numbers of options vested				7,531,196
Vested weighted-average exercise price per share				$ 106.68
2012 Stock Incentive Plan and 2012 Stock Option Plan | Stock Options | Chairman and Chief Executive Officer
Share Based Compensation Arrangement By Share Based Payment Award
Unrecognized compensation expense related to unvested options		$ 39,000,000		$ 39,000,000
2012 Stock Incentive Plan and 2012 Stock Option Plan | Restricted stock and restricted stock unit
Share Based Compensation Arrangement By Share Based Payment Award
Unrecognized compensation expense related to unvested options		$ 4,200,000		$ 4,200,000
Unrecognized compensation expense with weighted-average period				2 years 3 months 14 days
Restricted stock awards outstanding		21,480		21,480
Restricted stock awards outstanding with weighted-average grant date fair value per share		$ 278.37		$ 278.37
Weighted-average fair value per share of awards granted		$ 47.67		$ 43.26
Vested restricted stock unit		3,010		68,770
Time-Based Restrictions and Performance-Based Restrictions | Stock Options | Chairman and Chief Executive Officer
Share Based Compensation Arrangement By Share Based Payment Award
Stock-based compensation expense		$ 5,800,000	$ 111,200,000	$ 17,600,000
Aggregate non-cash stock compensation expense				$ 173,600,000

Commitments and Contingencies (

Commitments and Contingencies (Detail)	Oct. 30, 2021USD ($)
Commitments and Contingencies.
Material off balance sheet commitments	$ 0

Segment Reporting - Narrative (

Segment Reporting - Narrative (Detail)	3 Months Ended		9 Months Ended
	Oct. 30, 2021customerstore	Oct. 31, 2020customer	Oct. 30, 2021storesegmentcustomer	Oct. 31, 2020customer
Segment Reporting Information
Number of operating segments | segment			3
Number of RH outlet stores	38		38
Number of customers accounted for more than 10% of Company's revenues | customer	0	0	0	0
Sales | Customer concentration risk
Segment Reporting Information
Threshold portion of specified customers portion in total revenues	10.00%	10.00%	10.00%	10.00%
Canada
Segment Reporting Information
Number of retail stores	4		4
Number of RH outlet stores	2		2
U.K
Segment Reporting Information
Number of retail stores	1		1

Segment Reporting - Statements

Segment Reporting - Statements of Operations Metrics Reviewed by CODM to Evaluate Performance Internally or as Required under ASC 280 (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Segment Reporting Information
Net revenues	$ 1,006,428	$ 844,013	$ 2,856,079	$ 2,036,190
Gross profit	505,254	408,330	1,399,907	940,403
Depreciation and amortization	24,819	26,476	71,375	76,688
Share of equity method investments losses	2,313		6,894
RH Segment
Segment Reporting Information
Net revenues	964,859	812,782	2,732,300	1,949,126
Gross profit	484,363	394,689	1,337,983	902,932
Depreciation and amortization	23,878	25,135	68,042	73,086
Waterworks
Segment Reporting Information
Net revenues	41,569	31,231	123,779	87,064
Gross profit	20,891	13,641	61,924	37,471
Depreciation and amortization	$ 941	$ 1,341	$ 3,333	$ 3,602

Segment Reporting - Balance She

Segment Reporting - Balance Sheet Metrics Under ASC 280 (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021
Segment Reporting Information
Goodwill	$ 141,141	$ 141,100
Tradenames, trademarks and other intangible assets	72,907	71,663
Equity method investments	97,976	100,603
Total assets	5,420,025	2,898,313
RH Segment
Segment Reporting Information
Goodwill	141,141	141,100
Tradenames, trademarks and other intangible assets	55,907	54,663
Total assets	5,161,789	2,659,944
Waterworks
Segment Reporting Information
Tradenames, trademarks and other intangible assets	17,000	17,000
Total assets	160,260	137,766
Real Estate Development
Segment Reporting Information
Equity method investments	97,976	100,603
Total assets	$ 97,976	$ 100,603

Segment Reporting - Balance S_2

Segment Reporting - Balance Sheet Metrics Under ASC 280 Footnotes (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	May 02, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Segment Reporting Information
Tradenames, trademarks and other intangible assets			$ 20,459
Equity Method Investments		$ 97,976		$ 100,603
Waterworks
Segment Reporting Information
Goodwill impairment					$ 17,400	$ 33,700	$ 51,100
Tradenames, trademarks and other intangible assets	$ 20,500	35,100		20,500	$ 14,600
Real Estate Development
Segment Reporting Information
Equity Method Investments		$ 97,976		$ 100,603

Segment Reporting - Segment Ope

Segment Reporting - Segment Operating Income (Loss) and Income (Loss) Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Segment Reporting Information
Non-cash compensation	$ (5,831)	$ (111,218)	$ (17,559)	$ (111,218)
Loss on sale leaseback transaction				(9,352)
Recall accrual	340	781	840	5,561
Asset impairments and change in useful lives		(2,091)	(7,354)	(11,901)
Reorganization related costs			(449)	(7,027)
Income from operations	272,539	111,221	709,415	283,242
Interest expense-net	13,223	15,656	40,112	54,703
(Gain) loss on extinguishment of debt	18,513		21,784	(152)
Tradename impairment				20,459
Income before income taxes	240,803	95,565	647,519	208,232
Operating segments | RH Segment
Segment Reporting Information
Income from operations	276,091	223,103	721,343	425,970
Operating segments | Waterworks
Segment Reporting Information
Income from operations	$ 2,619	$ 2,208	$ 14,274	$ 2,331

Segment Reporting - Net Revenue

Segment Reporting - Net Revenues, Categories (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Segment Reporting Information
Total net revenues	$ 1,006,428	$ 844,013	$ 2,856,079	$ 2,036,190
Furniture
Segment Reporting Information
Total net revenues	706,750	584,960	1,986,490	1,380,688
Non-furniture
Segment Reporting Information
Total net revenues	$ 299,678	$ 259,053	$ 869,589	$ 655,502

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ in Thousands	Aug. 28, 2020	Oct. 31, 2020	Oct. 31, 2020	Oct. 30, 2021
Business Acquisition [Line Items]
Total consideration paid			$ 13,052
Furniture business acquired in North America
Business Acquisition [Line Items]
Total consideration	$ 15,000			$ 14,952
Escrow account for any post-closing adjustments	1,900
Additional escrow, deferred acquisition related payment subject to mutually agreed to conditions	$ 5,000
Additional escrow, period	2 years
Acquisition-related costs		$ 600	$ 1,300

Business Combinations - Purchas

Business Combinations - Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Aug. 28, 2020
Purchase price allocation
Goodwill	$ 141,141	$ 141,100
Furniture business acquired in North America
Purchase price allocation
Goodwill	10,948
Tradename	4,800
Tangible assets acquired and liabilities assumed-net	(796)
Total	$ 14,952		$ 15,000