RH (RH) 10-Q 9 Jun 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2016	Jun. 03, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	RH
Entity Registrant Name	Restoration Hardware Holdings Inc
Entity Central Index Key	1,528,849
Current Fiscal Year End Date	--01-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		40,606,527

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2016	Jan. 30, 2016
Statement Of Financial Position [Abstract]
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	40,900,613	40,878,163
Common stock, shares outstanding	40,605,725	40,583,275
Treasury stock, shares	294,888	294,888

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Current assets:
Cash and cash equivalents	$ 237,156	$ 349,897
Short-term investments	100,095	130,801
Accounts receivable—net	32,080	28,567
Merchandise inventories	763,055	725,392
Prepaid expense and other current assets	112,049	79,020
Total current assets	1,244,435	1,313,677
Long-term investments	10,859	22,054
Property and equipment—net	558,431	515,605
Goodwill	124,435	124,301
Trademarks and other intangible assets	48,570	48,536
Non-current deferred tax assets	36,976	36,739
Other non-current assets	27,302	25,462
Total assets	2,051,008	2,086,374
Current liabilities:
Accounts payable and accrued expenses	248,971	280,714
Deferred revenue and customer deposits	117,741	106,769
Other current liabilities	40,225	65,072
Total current liabilities	406,937	452,555
Financing obligations under build-to-suit lease transactions	154,953	146,621
Deferred rent and lease incentives	55,058	53,986
Other non-current obligations	29,326	29,349
Total liabilities	$ 1,171,480	$ 1,200,214
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized, no shares issued or outstanding as of April 30, 2016 and January 30, 2016
Common stock, $0.0001 par value per share, 180,000,000 shares authorized, 40,900,613 shares issued and 40,605,725 shares outstanding as of April 30, 2016; 40,878,163 shares issued and 40,583,275 shares outstanding as of January 30, 2016	$ 4	$ 4
Additional paid-in capital	767,643	763,566
Accumulated other comprehensive income (loss)	61	(2,700)
Retained earnings	131,343	144,813
Treasury stock—at cost, 294,888 shares as of both April 30, 2016 and January 30, 2016	(19,523)	(19,523)
Total stockholders’ equity	879,528	886,160
Total liabilities and stockholders’ equity	2,051,008	2,086,374
Convertible Senior Notes Due 2019 [Member]
Current liabilities:
Convertible senior notes due-net	301,311	297,703
Convertible Senior Notes Due 2020 [Member]
Current liabilities:
Convertible senior notes due-net	$ 223,895	$ 220,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Income Statement [Abstract]
Net revenues	$ 455,456	$ 422,445
Cost of goods sold	327,981	279,027
Gross profit	127,475	143,418
Selling, general and administrative expenses	138,950	126,389
Income (loss) from operations	(11,475)	17,029
Interest expense—net	10,528	5,649
Income (loss) before income taxes	(22,003)	11,380
Income tax expense (benefit)	(8,533)	4,224
Net income (loss)	$ (13,470)	$ 7,156
Weighted-average shares used in computing basic net income (loss) per share	40,588,081	39,913,946
Basic net income (loss) per share	$ (0.33)	$ 0.18
Weighted-average shares used in computing diluted net income (loss) per share	40,588,081	41,959,718
Diluted net income (loss) per share	$ (0.33)	$ 0.17

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (13,470)	$ 7,156
Net gains (losses) from foreign currency translation	2,669	220
Net unrealized holding gains (losses) on available-for-sale investments	92	(2)
Total comprehensive income (loss)	$ (10,709)	$ 7,374

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (13,470)	$ 7,156
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	12,554	9,979
Amortization of debt discount	7,057	3,250
Excess tax (benefit) shortfall from exercise of stock options	76	(1,075)
Stock-based compensation expense	3,998	5,299
Other non-cash interest expense	1,126	536
Change in assets and liabilities:
Accounts receivable	(3,504)	472
Merchandise inventories	(37,228)	(42,253)
Prepaid expense and other assets	(33,098)	(11,189)
Accounts payable and accrued expenses	(30,546)	7,673
Deferred revenue and customer deposits	10,972	3,046
Other current liabilities	(25,143)	1,444
Deferred rent and lease incentives	894	1,266
Other non-current obligations	20	17
Net cash used in operating activities	(106,292)	(14,379)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(45,276)	(29,227)
Construction related deposits	(3,551)
Purchase of trademarks and domain names	(164)
Purchase of investments	(44,604)	(19,471)
Maturities of investments	54,368	15,000
Sales of investments	31,896
Net cash used in investing activities	(7,331)	(33,698)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on capital leases	(85)	(83)
Proceeds from exercise of stock options	296	2,221
Excess tax benefit (shortfall) from exercise of stock options	(76)	1,075
Tax withholdings related to issuance of stock-based awards	(141)	(376)
Net cash provided by (used in) financing activities	(6)	2,837
Effects of foreign currency exchange rate translation	888	73
Net decrease in cash and cash equivalents	(112,741)	(45,167)
Cash and cash equivalents
Beginning of period	349,897	148,934
End of period	237,156	103,767
Non-cash transactions:
Property and equipment additions in accounts payable and accrued expenses at period-end	10,721	8,380
Property and equipment additions due to build-to-suit lease transactions	7,775	47,404
Property and equipment additions from use of construction related deposits	$ 1,740	$ 2,942

The Company

The Company	3 Months Ended
	Apr. 30, 2016
Accounting Policies [Abstract]
The Company	NOTE 1—THE COMPANY Nature of Business Restoration Hardware Holdings, Inc., a Delaware corporation, together with its subsidiaries (collectively, the “Company”), is a luxury home furnishings retailer that offers a growing number of categories including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. These products are sold through the Company’s stores, catalogs and websites. As of April 30, 2016, the Company operated a total of 69 retail stores and 19 outlet stores in 29 states, the District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared from the Company’s records and, in management’s opinion, include all adjustments necessary to fairly state the Company’s financial position as of April 30, 2016, and the results of operations for the three months ended April 30, 2016 and May 2, 2015. The Company’s current fiscal year ends on January 28, 2017 (“fiscal 2016”). Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted for purposes of these interim condensed consolidated financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2016 (the “2015 Form 10-K”). Certain prior year amounts have been reclassified for consistency with the current period presentation. This reclassification had no effect on the previously reported consolidated results of operations or cash flows, and did not have a material effect on the previously reported consolidated financial position. The results of operations for the three months ended April 30, 2016 presented herein are not necessarily indicative of the results to be expected for the full fiscal year.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	3 Months Ended
	Apr. 30, 2016
Accounting Changes And Error Corrections [Abstract]
Recently Issued Accounting Standards	NOTE 2—RECENTLY ISSUED ACCOUNTING STANDARDS Revenue from Contracts with Customers In May 2014, the and International Accounting Standards Board issued their converged accounting standard update on revenue recognition, Accounting Standards Update 2014-09 Revenue from Contracts with Customers (Topic 606) . This guidance outlines a single comprehensive model for companies to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that revenue is recognized when a customer obtains control of a good or service. A customer obtains control when it has the ability to direct the use of and obtain the benefits from the good or service. Under the new guidance, transfer of control is no longer the same as transfer of risks and rewards as indicated in the prior guidance. The Company will also need to apply the new guidance to determine whether revenue should be recognized over time or at a point in time. This guidance can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The FASB deferred the effective date for the new revenue reporting standard for entities reporting under U.S. GAAP for one year from the original effective date. In accordance with the deferral, ASU 2014-09 will become effective beginning after December 15, 2017 for public entities. Early application is permitted for annual reporting periods ending after December 15, 2016. The Company is evaluating the impact of adopting this new accounting standard on its consolidated financial statements and has not selected an adoption date or a transition method. Consolidation Accounting In February 2015, the FASB issued Accounting Standards Update No. 2015-02 —Consolidation (Topic 810): Amendments to the Consolidation Analysis , which improves targeted areas of the consolidation guidance and reduces the number of consolidation models. The amendments to the guidance are effective for fiscal years beginning after December 15, 2015 (the Company’s first quarter of fiscal 2016), and interim periods within those years, with early adoption permitted. The Company adopted this guidance in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Classification of Debt Issuance Costs In April 2015, the FASB issued Accounting Standards Update 2015-03—Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . The amendments in ASU 2015-03 require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Costs associated with line-of-credit arrangements may continue to be recorded as deferred assets. The update requires retrospective application and represents a change in accounting principle. The debt issuance costs guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company adopted the guidance on a retrospective basis in the first quarter of fiscal 2016. This is a change from the Company’s historical presentation whereby third party offering costs of the Company’s convertible senior notes were classified within other non-current asset on the consolidated balance sheets. To conform to the current period presentation, the Company reclassified $2.1 million as of January 30, 2016 from non-current assets to non-current liabilities on the condensed consolidated balance sheets. Software Licenses in Cloud Computing Arrangements In April 2015, the FASB issued Accounting Standards Update No. 2015-05—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . The amendments in ASU 2015-05 provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments in ASU 2015-05 are effective for fiscal years beginning after December 15, 2015, and interim periods within those years. The guidance may be applied either prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. The Company adopted this guidance on a prospective basis in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Measurement of Inventory In July 2015, the FASB issued Accounting Standards Update 2015-11—Inventory (Topic 330): Simplifying the Measurement of Inventory, which changes the measurement principle for inventory from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 defines net realizable value as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The guidance must be applied on a prospective basis and is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance on a prospective basis in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Business Combinations In September 2015, the FASB issued Accounting Standards Update 2015-16—Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . The guidance requires the acquirer to recognize adjustments to provisional amounts identified during the measurement period in the reporting period in which the adjustment amounts are determined. The business combination guidance is effective for interim and annual periods beginning after December 15, 2015, with early adoption permitted, and is to be applied on a prospective basis. The Company adopted this guidance on a prospective basis in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Accounting for Leases In February 2016, the FASB issued Accounting Standards Update 2016-02 — Leases, Financial Instruments In January 2016, the FASB issued Accounting Standards Update 2016-01 — Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, Recognition of Breakage In March 2016, the FASB issued Accounting Standard Update No. 2016-04 — Recognition of Breakage for Certain Prepaid Stored-Value Products ASC 405-20 — Liabilities-Extinguishments of Liabilities Stock-Based Compensation In March 2016, the FASB issued Accounting Standard Update No. 2016-09 — Improvements to Employee Share Based Payment Accounting

Prepaid Expense and Other Asset

Prepaid Expense and Other Assets	3 Months Ended
	Apr. 30, 2016
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid Expense and Other Assets	NOTE 3—PREPAID EXPENSE AND OTHER ASSETS Prepaid expense and other current assets consist of the following ( in thousands April 30, January 30, 2016 2016 Capitalized catalog costs $ 40,516 $ 35,836 Vendor deposits 33,868 22,959 Federal and state tax receivable 10,717 — Prepaid expense and other current assets 26,948 20,225 Total prepaid expense and other current assets $ 112,049 $ 79,020 Other non-current assets consist of the following ( in thousands April 30, January 30, 2016 2016 Construction related deposits $ 17,195 $ 15,384 Other deposits 3,676 3,635 Deferred financing fees 2,059 2,236 Other non-current assets 4,372 4,207 Total other non-current assets $ 27,302 $ 25,462

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Apr. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	NOTE 4—GOODWILL AND INTANGIBLE ASSETS The following sets forth the goodwill and intangible assets as of April 30, 2016 ( in thousands Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Book Value Intangible assets subject to amortization Fair value of leases (1) Fair market write-up $ 1,924 $ (1,720 ) $ — $ 204 Fair market write-down (2) (1,467 ) 1,308 — (159 ) Total intangible assets subject to amortization $ 457 $ (412 ) $ — $ 45 Intangible assets not subject to amortization Goodwill $ 124,461 $ — $ (26 ) $ 124,435 Trademarks and domain names $ 48,366 $ — $ — $ 48,366 (1) The fair value of each lease is amortized over the life of the respective lease. (2) The fair market write-down of leases is included in other non-current obligations on the condensed consolidated balance sheets. The following sets forth the goodwill and intangible assets as of January 30, 2016 ( in thousands Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Book Value Intangible assets subject to amortization Fair value of leases (1) Fair market write-up $ 1,924 $ (1,697 ) $ — $ 227 Fair market write-down (2) (1,467 ) 1,289 — (178 ) Total intangible assets subject to amortization $ 457 $ (408 ) $ — $ 49 Intangible assets not subject to amortization Goodwill $ 124,461 $ — $ (160 ) $ 124,301 Trademarks and domain names $ 48,309 $ — $ — $ 48,309 (1) The fair value of each lease is amortized over the life of the respective lease. (2) The fair market write-down of leases is included in other non-current obligations on the condensed consolidated balance sheets.

Accounts Payable, Accrued Expen

Accounts Payable, Accrued Expenses and Other Current Liabilities	3 Months Ended
	Apr. 30, 2016
Payables And Accruals [Abstract]
Accounts Payable, Accrued Expenses and Other Current Liabilities	NOTE 5—ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accounts payable and accrued expenses consist of the following ( in thousands April 30, January 30, 2016 2016 Accounts payable $ 148,535 $ 175,024 Accrued compensation 32,744 27,698 Accrued freight and duty 21,304 27,230 Accrued sales taxes 14,649 19,269 Accrued occupancy 12,066 15,095 Accrued catalog costs 6,921 5,988 Accrued professional fees 5,869 2,736 Accrued legal settlements 2,575 3,000 Other accrued expenses 4,308 4,674 Total accounts payable and accrued expenses $ 248,971 $ 280,714 Accounts payable included negative cash balances due to outstanding checks of $7.8 million and $18.4 million as of April 30, 2016 and January 30, 2016, respectively. Other current liabilities consist of the following ( in thousands April 30, January 30, 2016 2016 Unredeemed gift card and merchandise credit liability $ 30,628 $ 24,364 Allowance for sales returns 9,458 12,688 Capital lease obligations—current 139 182 Federal and state tax payable — 27,838 Total other current liabilities $ 40,225 $ 65,072

Other Non-Current Obligations

Other Non-Current Obligations	3 Months Ended
	Apr. 30, 2016
Other Liabilities Disclosure [Abstract]
Other Non-Current Obligations	NOTE 6—OTHER NON-CURRENT OBLIGATIONS Other non-current obligations consist of the following ( in thousands April 30, January 30, 2016 2016 Notes payable for share repurchases $ 19,523 $ 19,523 Capital lease obligations—non-current 7,374 7,399 Unrecognized tax benefits 1,139 1,125 Other non-current obligations 1,290 1,302 Total other non-current obligations $ 29,326 $ 29,349

Convertible Senior Notes

Convertible Senior Notes	3 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Convertible Senior Notes	NOTE 7—CONVERTIBLE SENIOR NOTES 0.00% Convertible Senior Notes due 2020 In June 2015, the Company issued in a private offering $250 million principal amount of 0.00% convertible senior notes due 2020 and, in July 2015, the Company issued an additional $50 million principal amount pursuant to the exercise of the overallotment option granted to the initial purchasers as part of its June 2015 offering (collectively, the “2020 Notes”). The 2020 Notes are governed by the terms of an indenture between the Company and U.S. Bank National Association, as the Trustee. The 2020 Notes will mature on July 15, 2020, unless earlier purchased by the Company or converted. The 2020 Notes will not bear interest, except that the 2020 Notes will be subject to “special interest” in certain limited circumstances in the event of the failure of the Company to perform certain of its obligations under the indenture governing the 2020 Notes. The 2020 Notes are unsecured obligations and do not contain any financial covenants or restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by the Company or any of its subsidiaries. Certain events are also considered “events of default” under the 2020 Notes, which may result in the acceleration of the maturity of the 2020 Notes, as described in the indenture governing the 2020 Notes. The 2020 Notes are guaranteed by the Company’s primary operating subsidiary, Restoration Hardware, Inc., as Guarantor. The guarantee is the unsecured obligation of the Guarantor and is subordinated to the Guarantor’s obligations from time to time with respect to its credit agreement and ranks equal in right of payment with respect to Guarantor’s other obligations. The initial conversion rate applicable to the 2020 Notes is 8.4656 shares of common stock per $1,000 principal amount of 2020 Notes, which is equivalent to an initial conversion price of approximately $118.13 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, the Company will, in certain circumstances, increase the conversion rate by a number of additional shares for a holder that elects to convert its 2020 Notes in connection with such make-whole fundamental change. Prior to March 15, 2020, the 2020 Notes will be convertible only under the following circumstances: (1) during any calendar quarter commencing after September 30, 2015, 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 fiscal quarter, the last reported sale price of the Company’s 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 2020 Notes for such trading day was less than 98% of the product of the last reported sale price of the Company’s common stock and the applicable conversion rate on such trading day; or (3) upon the occurrence of specified corporate transactions. As of April 30, 2016, none of these conditions have occurred and, as a result, the 2020 Notes are not convertible as of April 30, 2016. On and after March 15, 2020, 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 2020 Notes at any time, regardless of the foregoing circumstances. Upon conversion, the 2020 Notes will be settled, at the Company’s election, in cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s 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. The Company may not redeem the 2020 Notes; however, upon the occurrence of a fundamental change (as defined in the indenture governing the notes), holders may require the Company to purchase all or a portion of their 2020 Notes for cash at a price equal to 100% of the principal amount of the 2020 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 2020 Notes, the Company separated the 2020 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 2020 Notes and the fair value of the liability component of the 2020 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 6.47% over the term of the 2020 Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. In accounting for the debt issuance costs related to the issuance of the 2020 Notes, the Company 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 term of the 2020 Notes, and debt issuance costs attributable to the equity component are netted with the equity component in stockholders’ equity. Debt issuance costs related to the 2020 Notes were composed of discounts upon original issuance of $3.8 million and third party offering costs of $2.3 million. 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 2020 balance on the condensed consolidated balance sheets. During the three months ended April 30, 2016, the Company recorded $0.2 million related to the amortization of debt issuance costs. The carrying values of the 2020 Notes, excluding the discounts upon original issuance and third party offering costs, are as follows ( in thousands April 30, January 30, 2016 2016 Liability component Principal $ 300,000 $ 300,000 Less: Debt discount (71,456 ) (75,113 ) Net carrying amount $ 228,544 $ 224,887 Equity component (1) $ 84,003 $ 84,003 (1) Included in additional paid-in capital on the condensed consolidated balance sheets. The Company recorded interest expense of $3.7 million for the amortization of the debt discount related to the 2020 Notes during the three months ended April 30, 2016. 2020 Notes—Convertible Bond Hedge and Warrant Transactions In connection with the offering of the 2020 Notes in June 2015 and the exercise in full of the overallotment option in July 2015, the Company entered into convertible note hedge transactions whereby the Company has the option to purchase a total of approximately 5.1 million shares of its common stock at a price of approximately $118.13 per share. The total cost of the convertible note hedge transactions was $68.3 million. In addition, the Company sold warrants whereby the holders of the warrants have the option to purchase a total of approximately 5.1 million shares of the Company’s common stock at a price of $189.00 per share. The Company received $30.4 million in cash proceeds from the sale of these warrants. Taken together, the purchase of the convertible note hedges and sale of the warrants are intended to offset any actual earnings dilution from the conversion of the 2020 Notes until the Company’s common stock is above approximately $189.00 per share. As these transactions meet certain accounting criteria, the convertible note hedges and warrants are recorded in stockholders’ equity, are not accounted for as derivatives and are not remeasured each reporting period. The net costs incurred in connection with the convertible note hedge and warrant transactions were recorded as a reduction to additional paid-in capital on the condensed consolidated balance sheets. The Company recorded a deferred tax liability of $32.8 million in connection with the debt discount associated with the 2020 Notes and recorded a deferred tax asset of $26.6 million in connection with the convertible note hedge transactions. The deferred tax liability and deferred tax asset are recorded in non-current deferred tax assets on the consolidated balance sheets. 0.00% Convertible Senior Notes due 2019 In June 2014, the Company issued $350 million principal amount of 0.00% convertible senior notes due 2019 (the “2019 Notes”) in a private offering. The 2019 Notes are governed by the terms of an indenture between the Company and U.S. Bank National Association, as the Trustee. The 2019 Notes will mature on June 15, 2019, unless earlier purchased by the Company or converted. The 2019 Notes will not bear interest, except that the 2019 Notes will be subject to “special interest” in certain limited circumstances in the event of the failure of the Company to perform certain of its obligations under the indenture governing the 2019 Notes. The 2019 Notes are unsecured obligations and do not contain any financial covenants or restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by the Company or any of its subsidiaries. Certain events are also considered “events of default” under the 2019 Notes, which may result in the acceleration of the maturity of the 2019 Notes, as described in the indenture governing the 2019 Notes. The initial conversion rate applicable to the 2019 Notes is 8.6143 shares of common stock per $1,000 principal amount of 2019 Notes, which is equivalent to an initial conversion price of approximately $116.09 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,” the Company will, in certain circumstances, increase the conversion rate by a number of additional shares for a holder that elects to convert its 2019 Notes in connection with such make-whole fundamental change. Prior to March 15, 2019, the 2019 Notes will be convertible only under the following circumstances: (1) during any calendar quarter commencing after September 30, 2014, 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 fiscal quarter, the last reported sale price of the Company’s 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 2019 Notes for such trading day was less than 98% of the product of the last reported sale price of the Company’s common stock and the applicable conversion rate on such trading day; or (3) upon the occurrence of specified corporate transactions. As of April 30, 2016, none of these conditions have occurred and, as a result, the 2019 Notes are not convertible as of April 30, 2016. On and after March 15, 2019, 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 2019 Notes at any time, regardless of the foregoing circumstances. Upon conversion, the 2019 Notes will be settled, at the Company’s election, in cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s 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 of $1,000. The Company may not redeem the 2019 Notes; however, upon the occurrence of a fundamental change (as defined in the indenture governing the notes), holders may require the Company to purchase all or a portion of their 2019 Notes for cash at a price equal to 100% of the principal amount of the 2019 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 2019 Notes, the Company separated the 2019 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 2019 Notes and the fair value of the liability component of the 2019 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 4.51% over the term of the 2019 Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. In accounting for the debt issuance costs related to the issuance of the 2019 Notes, the Company 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 term of the 2019 Notes, and debt issuance costs attributable to the equity component are netted with the equity component in stockholders’ equity. Debt issuance costs related to the 2019 Notes were composed of discounts and commissions payable to the initial purchasers of $4.4 million and third party offering costs of $1.0 million. Discounts, commissions payable to the initial purchasers 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 2019 balance on the condensed consolidated balance sheets. During both the three months ended April 30, 2016 and May 2, 2015, the Company recorded $0.2 million related to the amortization of debt issuance costs. The carrying values of the 2019 Notes, excluding the discounts and commissions payable to the initial purchasers and third party offering costs, are as follows ( in thousands April 30, January 30, 2016 2016 Liability component Principal $ 350,000 $ 350,000 Less: Debt discount (45,889 ) (49,289 ) Net carrying amount $ 304,111 $ 300,711 Equity component (1) $ 70,482 $ 70,482 (1) Included in additional paid-in capital on the condensed consolidated balance sheets. The Company recorded interest expense of $3.4 million and $3.3 million for the amortization of the debt discount related to the 2019 Notes during the three months ended April 30, 2016 and May 2, 2015, respectively. 2019 Notes—Convertible Bond Hedge and Warrant Transactions In connection with the offering of the 2019 Notes, the Company entered into convertible note hedge transactions whereby the Company has the option to purchase a total of approximately 3.0 million shares of its common stock at a price of approximately $116.09 per share. The total cost of the convertible note hedge transactions was $73.3 million. In addition, the Company sold warrants whereby the holders of the warrants have the option to purchase a total of approximately 3.0 million shares of the Company’s common stock at a price of $171.98 per share. The Company received $40.4 million in cash proceeds from the sale of these warrants. Taken together, the purchase of the convertible note hedges and sale of the warrants are intended to offset any actual dilution from the conversion of the 2019 Notes and to effectively increase the overall conversion price from $116.09 per share to $171.98 per share. As these transactions meet certain accounting criteria, the convertible note hedges and warrants are recorded in stockholders’ equity, are not accounted for as derivatives and are not remeasured each reporting period. The net costs incurred in connection with the convertible note hedge and warrant transactions were recorded as a reduction to additional paid-in capital on the condensed consolidated balance sheets. The Company recorded a deferred tax liability of $27.5 million in connection with the debt discount associated with the 2019 Notes and recorded a deferred tax asset of $28.6 million in connection with the convertible note hedge transactions. The deferred tax liability and deferred tax assets are included in non-current deferred tax assets on the condensed consolidated balance sheets.

Line of Credit

Line of Credit	3 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Line of Credit	NOTE 8—LINE OF CREDIT In August 2011, Restoration Hardware, Inc., along with its Canadian subsidiary, Restoration Hardware Canada, Inc., entered into a credit agreement (the “prior credit agreement”) with Bank of America, N.A., as administrative agent, and certain other lenders. On November 24, 2014, the Company amended its existing revolving line of credit by entering into an amended and restated credit agreement with the lenders party thereto and Bank of America, N.A. as administrative agent and collateral agent. The amended and restated credit agreement increased the existing revolving line of credit by $182.5 million, while eliminating the $15.0 million term loan facility under the existing revolving line of credit. Under the amended and restated credit agreement, which has a maturity date of November 24, 2019, the Company has the option to increase the amount of the revolving line of credit by up to an additional $200.0 million, subject to satisfaction of certain customary conditions at the time of such increase. On August 12, 2015, Restoration Hardware, Inc. and Restoration Hardware Canada, Inc. entered into a First Amendment (the “Amendment”) to the amended and restated credit agreement. The Amendment changes the amended and restated credit agreement definition of “Change of Control” (the occurrence of which triggers a default under the amended and restated credit agreement) so that changes in the composition of the board of directors due to actual or threatened proxy solicitations are treated in the same way as other changes in the composition of the board of directors. As of April 30, 2016, the Company did not have any amounts outstanding under the revolving line of credit. As of April 30, 2016, the Company had $555.5 million undrawn borrowing availability under the revolving line of credit. As of April 30, 2016 and January 30, 2016, the Company had $14.9 million and $15.0 million in outstanding letters of credit, respectively. Borrowings under the revolving line of credit are subject to interest, at the borrowers’ option, at either the bank’s reference rate or LIBOR (or the Bank of America “BA” Rate or the Canadian Prime Rate, as such terms are defined in the credit agreement, for Canadian borrowings denominated in Canadian dollars or the United States Index Rate or LIBOR for Canadian borrowings denominated in United States dollars) plus an applicable margin rate, in each case. The credit agreement contains various restrictive covenants, including, among others, limitations on the ability to incur liens, make loans or other investments, incur additional debt, issue additional equity, merge or consolidate with or into another person, sell assets, pay dividends or make other distributions, or enter into transactions with affiliates, along with other restrictions and limitations typical to credit agreements of this type and size. As of April 30, 2016, the Company was in compliance with all covenants contained in the credit agreement.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 9—FAIR VALUE OF FINANCIAL INSTRUMENTS Financial Assets and Liabilities 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, the Company utilizes market data or assumptions that it believes 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. The Company’s 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 All of the Company’s investments are classified as available-for-sale and are carried at fair value. Assets measured at fair value were as follows ( in thousands April 30, January 30, 2016 2016 Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents Money market funds $ 250 $ — $ 250 $ 70 $ — $ 70 Commercial paper — 16,989 16,989 — 46,726 46,726 Total cash equivalents 250 16,989 17,239 70 46,726 46,796 Short-term investments Commercial paper — 17,668 17,668 — 15,488 15,488 Government agency obligations 29,844 52,583 82,427 22,011 93,302 115,313 Total short-term investments 29,844 70,251 100,095 22,011 108,790 130,801 Long-term investments Government agency obligations — 10,859 10,859 7,829 14,225 22,054 Total long-term investments — 10,859 10,859 7,829 14,225 22,054 Total $ 30,094 $ 98,099 $ 128,193 $ 29,910 $ 169,741 $ 199,651 The following table summarizes the amortized cost and estimated fair value of the available-for-sale securities within the Company’s investment portfolio based on stated maturities, which are recorded within cash and cash equivalents, short-term investments and long-term investments on the condensed consolidated balance sheets ( in thousands April 30, January 30, 2016 2016 Cost Fair Value Cost Fair Value Range of maturity Due within 1 year $ 117,028 $ 117,084 $ 177,564 $ 177,527 Due in 1 to 2 years $ 10,838 $ 10,859 $ 22,033 $ 22,054 The Company invests excess cash primarily in investment-grade interest-bearing securities such as money market funds, certificates of deposit, commercial paper, government agency obligations and guaranteed obligations of the U.S. government, all of which are subject to minimal credit and market risks. The Company estimates the fair value of its commercial paper and U.S. government agency bonds by taking into consideration valuations obtained from third party pricing services. The pricing services utilize industry standard valuation models, including both income and market based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. These inputs include reported trade dates of and broker/dealer quotes on the same or similar securities; issuer credit spreads; benchmark securities, prepayment/default projections based on historical data; and other observable inputs. There were no purchases, sales, issuances, or settlements related to recurring level 3 measurements during the three months ended April 30, 2016 or May 2, 2015. There were no transfers into or out of level 1 and level 2 during the three months ended April 30, 2016 or May 2, 2015. Available-for-sale marketable debt securities are reviewed periodically to identify possible other-than-temporary impairment. Although the Company had certain securities that were in a loss position as of April 30, 2016, the Company has no current requirement or intent to sell the securities in an unrealized loss position nor does it consider any of the unrealized losses to be credit losses. The Company expects to recover up to (or beyond) the initial cost of the investment for securities held. The available-for-sale securities in an unrealized loss position were in such a position for less than twelve months as of April 30, 2016. Fair Value of Financial Instruments Amounts reported as cash and equivalents, receivables, and accounts payable and accrued expenses approximate fair value. The estimated fair value and carrying value of the 2019 Notes and 2020 Notes (carrying value excludes the equity component of the 2019 Notes and 2020 Notes classified in stockholders’ equity) were as follows ( in thousands April 30, January 30, 2016 2016 Fair Value Carrying Value Fair Value Carrying Value Convertible senior notes due 2019 $ 281,181 $ 304,111 $ 257,624 $ 300,711 Convertible senior notes due 2020 $ 221,798 $ 228,544 $ 198,635 $ 224,887 The fair value of each of the 2019 Notes and 2020 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 the Company’s convertible notes, when available, the Company’s stock price and interest rates based on similar debt issued by parties with credit ratings similar to the Company (level 2). As the Company’s debt obligations under the revolving line of credit are variable rate, there are no significant differences between the estimated fair value (level 2) and carrying value. Non-Financial Assets The Company did not record an impairment charge on long-lived assets during the three months ended April 30, 2016 or May 2, 2015.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10—INCOME TAXES The Company recorded an income tax benefit of $8.5 million in the three months ended April 30, 2016 compared to income tax expense of $4.2 million in the three months ended May 2, 2015. The effective tax rate was 38.8% and 37.1% for the three months ended April 30, 2016 and May 2, 2015, respectively. As of both April 30, 2016 and January 30, 2016, $0.9 million of the exposures related to unrecognized tax benefits would affect the effective tax rate if realized and are included in other non-current obligations on the condensed consolidated balance sheets. These amounts are primarily associated with foreign tax exposures that would, if realized, reduce the amount of net operating losses that would ultimately be utilized. As of April 30, 2016, the Company does not have any exposures related to unrecognized tax benefits that are expected to decrease in the next 12 months.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	3 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	NOTE 11—NET INCOME (LOSS) PER SHARE The weighted-average shares used for net income (loss) per share is presented in the table below. As the Company was in a net loss position for the three months ended April 30, 2016, weighted-average shares outstanding for basic and diluted are equal. Three Months Ended April 30, May 2, 2016 2015 Weighted-average shares—basic 40,588,081 39,913,946 Effect of dilutive stock-based awards — 2,045,772 Weighted-average shares—diluted 40,588,081 41,959,718 The following number of options and restricted stock units were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been anti-dilutive: Three Months Ended April 30, May 2, 2016 2015 Options 7,590,257 129,508 Restricted stock units 1,233,282 4,855 Total anti-dilutive stock-based awards 8,823,539 134,363

Share Repurchases

Share Repurchases	3 Months Ended
	Apr. 30, 2016
Equity [Abstract]
Share Repurchases	NOTE 12—SHARE REPURCHASES Certain options and awards granted under the Company’s equity plans contain a repurchase right, which may be exercised at the Company’s discretion in the event of the termination of an employee’s employment with the Company. During the three months ended April 30, 2016 and May 2, 2015, no shares were repurchased. As of both April 30, 2016 and January 30, 2016, the aggregate unpaid principal amount of the notes payable for share repurchases was $19.5 million, which is included in other non-current obligations on the condensed consolidated balance sheets. During both the three months ended April 30, 2016 and May 2, 2015, the Company recorded interest expense on the outstanding notes of $0.2 million.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	NOTE 13—STOCK-BASED COMPENSATION The Company estimates the value of equity grants based upon an option-pricing model and recognizes this estimated value as compensation expense over the vesting periods. The Company recognizes expense associated with performance-based awards when it becomes probable that the performance condition will be met. Once it becomes probable that an award will vest, the Company recognizes compensation expense equal to the number of shares which are probable to vest multiplied by the fair value of the related shares measured at the grant date. Stock-based compensation expense is included in selling, general and administrative expenses on the condensed consolidated statements of operations. The Company recorded stock-based compensation expense of $4.0 million and $5.3 million during the three months ended April 30, 2016 and May 2, 2015, respectively. No stock-based compensation cost has been capitalized in the accompanying condensed consolidated financial statements. 2012 Stock Option Plan and 2012 Stock Incentive Plan As of April 30, 2016, 7,590,257 options were outstanding with a weighted-average exercise price of $53.51 per share and 4,920,029 options were vested with a weighted-average exercise price of $50.06 per share. The aggregate intrinsic value of options outstanding, options vested or expected to vest, and options exercisable as of April 30, 2016 was $12.8 million, $12.8 million, and $12.0 million, respectively. Stock options exercisable as of April 30, 2016 had a weighted-average remaining contractual life of 6.73 years. As of April 30, 2016, the total unrecognized compensation expense related to unvested options was $47.7 million, which is expected to be recognized on a straight-line basis over a weighted-average period of 4.14 years. As of April 30, 2016, the Company had 1,233,282 restricted stock unit awards outstanding with a weighted-average grant date fair value of $61.02 per share. During the three months ended April 30, 2016, 14,088 restricted stock unit awards with a weighted-average grant date fair value of $67.27 per share vested. As of April 30, 2016, there was $51.0 million of total unrecognized compensation expense related to unvested restricted stock and restricted stock unit awards which is expected to be recognized over a weighted-average period of 4.04 years.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Apr. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 14—RELATED PARTY TRANSACTIONS Aircraft Time Sharing Agreement On March 29, 2016, Restoration Hardware, Inc., a wholly-owned subsidiary of the Company entered into an Amended and Restated Aircraft Time Sharing Agreement (the “Time Sharing Agreement”) with Gary Friedman, its Chief Executive Officer. The Time Sharing Agreement governs use of any of the Company’s aircraft (“Corporate Aircraft”) by Mr. Friedman for personal trips and provides that Mr. Friedman will lease such Corporate Aircraft and pay Restoration Hardware, Inc. an amount equal to the aggregate actual expenses of each personal use flight based on the variable costs of the flight, with the amount of such lease payments not to exceed the maximum payment level established under the Federal Aviation Administration rules. Mr. Friedman maintains a deposit with the Company, to be used towards payment of amounts due under the Time Sharing Agreement.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 15—COMMITMENTS AND CONTINGENCIES Commitments The Company had no material off balance sheet commitments as of April 30, 2016, other than its obligations in connection with the acquisition of the business Waterworks. Refer to Note 17— Subsequent Event Contingencies The Company is involved in lawsuits, claims and proceedings incident to the ordinary course of its business. These disputes are increasing in number as the business expands and the Company grows larger. Litigation is inherently unpredictable. As a result, the outcome of matters in which the Company is involved could result in unexpected expenses and liability that could adversely affect the Company’s operations. In addition, any claims against the Company, whether meritorious or not, could be time consuming, result in costly litigation, require significant amounts of management time and result in the diversion of significant operational resources. The Company reviews the need for any loss contingency reserves and establishes reserves when, in the opinion of management, 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. As of April 30, 2016, the Company has recorded a liability for the estimated loss related to these disputes. There is a possibility that additional losses may be incurred in excess of the amounts that the Company has accrued. However, the Company believes that the ultimate resolution of these current matters will not have a material adverse effect on its consolidated financial statements. Hernandez v. Restoration Hardware On October 21, 2008, Mike Hernandez, individually and on behalf of others similarly situated, filed a class action in the Superior Court of the State of California for the County of San Diego against Restoration Hardware, Inc. alleging principally that the Company violated California’s Song-Beverly Credit Card Act of 1971 by requesting and recording ZIP codes from customers paying with credit cards. On May 23, 2014, in response to a directive from the Court, the parties filed a joint statement as to the parties’ agreed-upon claims process for the class members as well as to other matters related to this proceeding. On September 5, 2014, the Court granted plaintiffs’ motion for attorneys’ fees, costs, and awards, and awarded $9.5 million in fees and costs to plaintiffs’ attorneys. The Court entered judgment on September 29, 2014 and, on November 21, 2014, a class member filed a notice of appeal from the judgment. As a result of the appeal, the judgment was stayed until January 10, 2015. The appeal remains pending but the judgment is enforceable. As a result of these developments, during fiscal 2014, the Company recorded a $9.5 million charge related to this matter that was subsequently decreased to approximately $8 million. The decrease of approximately $1.5 million was based on a revision of estimated class member response. On March 16, 2015, the Company, through the third party claims administrator, began mailing the class action award to class members. The Company, through the third party claims administrator, paid approximately $2.4 million in cash awards to the class members and mailed 33% discount coupons, good for one year, on purchases up to $10,000, to class members that did not request the cash award. During a hearing on April 16, 2015, the Court provided additional guidance regarding the manner in which class members can use the 33% merchandise discount coupon. Specifically, the court ordered that the 33% coupons may be combined with the Company’s other promotional offers. The coupons expired on March 16, 2016. On April 5, 2016, the Company provided an accounting of satisfaction of judgment to the Court and the Court has not issued its final order.

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
Segment Reporting	NOTE 16—SEGMENT REPORTING The Company defines an operating segment on the same basis that it uses to evaluate performance internally by the Chief Operating Decision Maker (the “CODM”). The Company has determined that the Chief Executive Officer is its CODM and there is one operating segment. Therefore, the Company reports as a single segment. This includes all sales channels accessed by the Company’s customers, including sales through catalogs, sales through the Company’s website and sales through the Company’s stores. The Company classifies its sales into furniture and non-furniture product lines. Furniture includes both indoor and outdoor furniture. Non-furniture includes lighting, textiles, accessories and home décor. Net revenues in each category were as follows ( in thousands Three Months Ended April 30, May 2, 2016 2015 Furniture $ 290,426 $ 272,275 Non-furniture 165,030 150,170 Total net revenues $ 455,456 $ 422,445 The Company is domiciled in the United States and operates stores in the United States and Canada. Revenues from Canadian operations, and the long-lived assets in Canada, are not material to the Company. Geographic revenues are determined based upon where service is rendered. No single customer accounted for more than 10% of the Company’s revenues in the three months ended April 30, 2016 or May 2, 2015.

Subsequent Event

Subsequent Event	3 Months Ended
	Apr. 30, 2016
Subsequent Events [Abstract]
Subsequent Event	NOTE 17—SUBSEQUENT EVENT On May 27, 2016, Restoration Hardware Holdings, Inc. acquired a controlling interest in Design Investors WW Acquisition Company, LLC, which owns the business operating under the name “Waterworks,” for consideration consisting of approximately $118.4 million in cash, which amount is subject to adjustment for changes in working capital and other items, and was funded from the Company’s existing cash balances. After the transaction, and giving effect to equity interests acquired by management in the business, the Company owns in excess of 90% of the total equity interests in Waterworks. Waterworks and the Company together are the first fully integrated luxury home platform in the world—offering a complete collection for every room of the home, in every channel, to both design professionals and consumers. During the three months ended April 30, 2016, the Company incurred $2.1 million in costs associated with the transaction, which is included in selling, general and administrative expenses on the condensed consolidated statements of operations.

The Company (Policies)

The Company (Policies)	3 Months Ended
	Apr. 30, 2016
Accounting Policies [Abstract]
Nature of Business	Nature of Business Restoration Hardware Holdings, Inc., a Delaware corporation, together with its subsidiaries (collectively, the “Company”), is a luxury home furnishings retailer that offers a growing number of categories including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. These products are sold through the Company’s stores, catalogs and websites. As of April 30, 2016, the Company operated a total of 69 retail stores and 19 outlet stores in 29 states, the District of Columbia and Canada, 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 the Company’s records and, in management’s opinion, include all adjustments necessary to fairly state the Company’s financial position as of April 30, 2016, and the results of operations for the three months ended April 30, 2016 and May 2, 2015. The Company’s current fiscal year ends on January 28, 2017 (“fiscal 2016”). Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted for purposes of these interim condensed consolidated financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2016 (the “2015 Form 10-K”). Certain prior year amounts have been reclassified for consistency with the current period presentation. This reclassification had no effect on the previously reported consolidated results of operations or cash flows, and did not have a material effect on the previously reported consolidated financial position. The results of operations for the three months ended April 30, 2016 presented herein are not necessarily indicative of the results to be expected for the full fiscal year.
Recently Issued Accounting Standards	Revenue from Contracts with Customers In May 2014, the and International Accounting Standards Board issued their converged accounting standard update on revenue recognition, Accounting Standards Update 2014-09 Revenue from Contracts with Customers (Topic 606) . This guidance outlines a single comprehensive model for companies to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that revenue is recognized when a customer obtains control of a good or service. A customer obtains control when it has the ability to direct the use of and obtain the benefits from the good or service. Under the new guidance, transfer of control is no longer the same as transfer of risks and rewards as indicated in the prior guidance. The Company will also need to apply the new guidance to determine whether revenue should be recognized over time or at a point in time. This guidance can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The FASB deferred the effective date for the new revenue reporting standard for entities reporting under U.S. GAAP for one year from the original effective date. In accordance with the deferral, ASU 2014-09 will become effective beginning after December 15, 2017 for public entities. Early application is permitted for annual reporting periods ending after December 15, 2016. The Company is evaluating the impact of adopting this new accounting standard on its consolidated financial statements and has not selected an adoption date or a transition method. Consolidation Accounting In February 2015, the FASB issued Accounting Standards Update No. 2015-02 —Consolidation (Topic 810): Amendments to the Consolidation Analysis , which improves targeted areas of the consolidation guidance and reduces the number of consolidation models. The amendments to the guidance are effective for fiscal years beginning after December 15, 2015 (the Company’s first quarter of fiscal 2016), and interim periods within those years, with early adoption permitted. The Company adopted this guidance in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Classification of Debt Issuance Costs In April 2015, the FASB issued Accounting Standards Update 2015-03—Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . The amendments in ASU 2015-03 require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Costs associated with line-of-credit arrangements may continue to be recorded as deferred assets. The update requires retrospective application and represents a change in accounting principle. The debt issuance costs guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company adopted the guidance on a retrospective basis in the first quarter of fiscal 2016. This is a change from the Company’s historical presentation whereby third party offering costs of the Company’s convertible senior notes were classified within other non-current asset on the consolidated balance sheets. To conform to the current period presentation, the Company reclassified $2.1 million as of January 30, 2016 from non-current assets to non-current liabilities on the condensed consolidated balance sheets. Software Licenses in Cloud Computing Arrangements In April 2015, the FASB issued Accounting Standards Update No. 2015-05—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . The amendments in ASU 2015-05 provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments in ASU 2015-05 are effective for fiscal years beginning after December 15, 2015, and interim periods within those years. The guidance may be applied either prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. The Company adopted this guidance on a prospective basis in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Measurement of Inventory In July 2015, the FASB issued Accounting Standards Update 2015-11—Inventory (Topic 330): Simplifying the Measurement of Inventory, which changes the measurement principle for inventory from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 defines net realizable value as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The guidance must be applied on a prospective basis and is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance on a prospective basis in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Business Combinations In September 2015, the FASB issued Accounting Standards Update 2015-16—Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . The guidance requires the acquirer to recognize adjustments to provisional amounts identified during the measurement period in the reporting period in which the adjustment amounts are determined. The business combination guidance is effective for interim and annual periods beginning after December 15, 2015, with early adoption permitted, and is to be applied on a prospective basis. The Company adopted this guidance on a prospective basis in the first quarter of fiscal 2016. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures. Accounting for Leases In February 2016, the FASB issued Accounting Standards Update 2016-02 — Leases, Financial Instruments In January 2016, the FASB issued Accounting Standards Update 2016-01 — Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, Recognition of Breakage In March 2016, the FASB issued Accounting Standard Update No. 2016-04 — Recognition of Breakage for Certain Prepaid Stored-Value Products ASC 405-20 — Liabilities-Extinguishments of Liabilities Stock-Based Compensation In March 2016, the FASB issued Accounting Standard Update No. 2016-09 — Improvements to Employee Share Based Payment Accounting
Commitments and Contingencies	The Company reviews the need for any loss contingency reserves and establishes reserves when, in the opinion of management, 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. As of April 30, 2016, the Company has recorded a liability for the estimated loss related to these disputes. There is a possibility that additional losses may be incurred in excess of the amounts that the Company has accrued. However, the Company believes that the ultimate resolution of these current matters will not have a material adverse effect on its consolidated financial statements.

Prepaid Expense and Other Ass25

Prepaid Expense and Other Assets (Tables)	3 Months Ended
	Apr. 30, 2016
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid Expense and Other Current Assets	Prepaid expense and other current assets consist of the following ( in thousands April 30, January 30, 2016 2016 Capitalized catalog costs $ 40,516 $ 35,836 Vendor deposits 33,868 22,959 Federal and state tax receivable 10,717 — Prepaid expense and other current assets 26,948 20,225 Total prepaid expense and other current assets $ 112,049 $ 79,020
Schedule of Other Non-Current Assets	Other non-current assets consist of the following ( in thousands April 30, January 30, 2016 2016 Construction related deposits $ 17,195 $ 15,384 Other deposits 3,676 3,635 Deferred financing fees 2,059 2,236 Other non-current assets 4,372 4,207 Total other non-current assets $ 27,302 $ 25,462

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	The following sets forth the goodwill and intangible assets as of April 30, 2016 ( in thousands Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Book Value Intangible assets subject to amortization Fair value of leases (1) Fair market write-up $ 1,924 $ (1,720 ) $ — $ 204 Fair market write-down (2) (1,467 ) 1,308 — (159 ) Total intangible assets subject to amortization $ 457 $ (412 ) $ — $ 45 Intangible assets not subject to amortization Goodwill $ 124,461 $ — $ (26 ) $ 124,435 Trademarks and domain names $ 48,366 $ — $ — $ 48,366 (1) The fair value of each lease is amortized over the life of the respective lease. (2) The fair market write-down of leases is included in other non-current obligations on the condensed consolidated balance sheets. The following sets forth the goodwill and intangible assets as of January 30, 2016 ( in thousands Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Net Book Value Intangible assets subject to amortization Fair value of leases (1) Fair market write-up $ 1,924 $ (1,697 ) $ — $ 227 Fair market write-down (2) (1,467 ) 1,289 — (178 ) Total intangible assets subject to amortization $ 457 $ (408 ) $ — $ 49 Intangible assets not subject to amortization Goodwill $ 124,461 $ — $ (160 ) $ 124,301 Trademarks and domain names $ 48,309 $ — $ — $ 48,309 (1) The fair value of each lease is amortized over the life of the respective lease. (2) The fair market write-down of leases is included in other non-current obligations on the condensed consolidated balance sheets.

Accounts Payable, Accrued Exp27

Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Apr. 30, 2016
Payables And Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following ( in thousands April 30, January 30, 2016 2016 Accounts payable $ 148,535 $ 175,024 Accrued compensation 32,744 27,698 Accrued freight and duty 21,304 27,230 Accrued sales taxes 14,649 19,269 Accrued occupancy 12,066 15,095 Accrued catalog costs 6,921 5,988 Accrued professional fees 5,869 2,736 Accrued legal settlements 2,575 3,000 Other accrued expenses 4,308 4,674 Total accounts payable and accrued expenses $ 248,971 $ 280,714
Schedule of Other Current Liabilities	Other current liabilities consist of the following ( in thousands April 30, January 30, 2016 2016 Unredeemed gift card and merchandise credit liability $ 30,628 $ 24,364 Allowance for sales returns 9,458 12,688 Capital lease obligations—current 139 182 Federal and state tax payable — 27,838 Total other current liabilities $ 40,225 $ 65,072

Other Non-Current Obligations (

Other Non-Current Obligations (Tables)	3 Months Ended
	Apr. 30, 2016
Other Liabilities Disclosure [Abstract]
Schedule of Other Non-Current Obligations	Other non-current obligations consist of the following ( in thousands April 30, January 30, 2016 2016 Notes payable for share repurchases $ 19,523 $ 19,523 Capital lease obligations—non-current 7,374 7,399 Unrecognized tax benefits 1,139 1,125 Other non-current obligations 1,290 1,302 Total other non-current obligations $ 29,326 $ 29,349

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	3 Months Ended
	Apr. 30, 2016
Convertible Senior Notes Due 2020 [Member]
Carrying Values of Notes Excluding the Discounts upon Original Issuance and Third Party Offering Costs	The carrying values of the 2020 Notes, excluding the discounts upon original issuance and third party offering costs, are as follows ( in thousands April 30, January 30, 2016 2016 Liability component Principal $ 300,000 $ 300,000 Less: Debt discount (71,456 ) (75,113 ) Net carrying amount $ 228,544 $ 224,887 Equity component (1) $ 84,003 $ 84,003 (1) Included in additional paid-in capital on the condensed consolidated balance sheets.
Convertible Senior Notes Due 2019 [Member]
Carrying Values of Notes Excluding the Discounts upon Original Issuance and Third Party Offering Costs	The carrying values of the 2019 Notes, excluding the discounts and commissions payable to the initial purchasers and third party offering costs, are as follows ( in thousands April 30, January 30, 2016 2016 Liability component Principal $ 350,000 $ 350,000 Less: Debt discount (45,889 ) (49,289 ) Net carrying amount $ 304,111 $ 300,711 Equity component (1) $ 70,482 $ 70,482 (1) Included in additional paid-in capital on the condensed consolidated balance sheets.

Fair Value of Financial Instr30

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value	Assets measured at fair value were as follows ( in thousands April 30, January 30, 2016 2016 Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents Money market funds $ 250 $ — $ 250 $ 70 $ — $ 70 Commercial paper — 16,989 16,989 — 46,726 46,726 Total cash equivalents 250 16,989 17,239 70 46,726 46,796 Short-term investments Commercial paper — 17,668 17,668 — 15,488 15,488 Government agency obligations 29,844 52,583 82,427 22,011 93,302 115,313 Total short-term investments 29,844 70,251 100,095 22,011 108,790 130,801 Long-term investments Government agency obligations — 10,859 10,859 7,829 14,225 22,054 Total long-term investments — 10,859 10,859 7,829 14,225 22,054 Total $ 30,094 $ 98,099 $ 128,193 $ 29,910 $ 169,741 $ 199,651
Schedule of Available-for-sale Securities Maturities	The following table summarizes the amortized cost and estimated fair value of the available-for-sale securities within the Company’s investment portfolio based on stated maturities, which are recorded within cash and cash equivalents, short-term investments and long-term investments on the condensed consolidated balance sheets ( in thousands April 30, January 30, 2016 2016 Cost Fair Value Cost Fair Value Range of maturity Due within 1 year $ 117,028 $ 117,084 $ 177,564 $ 177,527 Due in 1 to 2 years $ 10,838 $ 10,859 $ 22,033 $ 22,054
Estimated Fair Value and Carrying Value of Notes	The estimated fair value and carrying value of the 2019 Notes and 2020 Notes (carrying value excludes the equity component of the 2019 Notes and 2020 Notes classified in stockholders’ equity) were as follows ( in thousands April 30, January 30, 2016 2016 Fair Value Carrying Value Fair Value Carrying Value Convertible senior notes due 2019 $ 281,181 $ 304,111 $ 257,624 $ 300,711 Convertible senior notes due 2020 $ 221,798 $ 228,544 $ 198,635 $ 224,887

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Used for Net Income (Loss) per Share	The weighted-average shares used for net income (loss) per share is presented in the table below. As the Company was in a net loss position for the three months ended April 30, 2016, weighted-average shares outstanding for basic and diluted are equal. Three Months Ended April 30, May 2, 2016 2015 Weighted-average shares—basic 40,588,081 39,913,946 Effect of dilutive stock-based awards — 2,045,772 Weighted-average shares—diluted 40,588,081 41,959,718
Anti-Dilutive Securities Excluded from Diluted Net Income (Loss) per Share	The following number of options and restricted stock units were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been anti-dilutive: Three Months Ended April 30, May 2, 2016 2015 Options 7,590,257 129,508 Restricted stock units 1,233,282 4,855 Total anti-dilutive stock-based awards 8,823,539 134,363

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
Net Revenues	Net revenues in each category were as follows ( in thousands Three Months Ended April 30, May 2, 2016 2015 Furniture $ 290,426 $ 272,275 Non-furniture 165,030 150,170 Total net revenues $ 455,456 $ 422,445

The Company - Additional Inform

The Company - Additional Information (Detail)	Apr. 30, 2016StoreState
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of retail stores	69
Number of outlet stores	19
Number of states | State	29

Recently Issued Accounting St34

Recently Issued Accounting Standards - Additional Information (Detail) $ in Millions	Jan. 30, 2016USD ($)
Accounting Standards Update 2015-03 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Reclassification of non current assets	$ 2.1

Prepaid Expense and Other Ass35

Prepaid Expense and Other Assets - Prepaid Expense and Other Current Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Prepaid Expense And Other Assets Current [Abstract]
Capitalized catalog costs	$ 40,516	$ 35,836
Vendor deposits	33,868	22,959
Federal and state tax receivable	10,717
Prepaid expense and other current assets	26,948	20,225
Total prepaid expense and other current assets	$ 112,049	$ 79,020

Prepaid Expense And Other Ass36

Prepaid Expense And Other Assets - Schedule of Other Non-Current Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Other Assets Noncurrent [Abstract]
Construction related deposits	$ 17,195	$ 15,384
Other deposits	3,676	3,635
Deferred financing fees	2,059	2,236
Other non-current assets	4,372	4,207
Total other non-current assets	$ 27,302	$ 25,462

Goodwill and Intangible Asset37

Goodwill and Intangible Assets - Goodwill and Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2016	Jan. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Finite Lived, Gross Carrying Amount	$ 457	$ 457
Finite Lived, Accumulated Amortization	(412)	(408)
Finite Lived, Net Book Value	45	49
Goodwill, Gross Carrying Amount	124,461	124,461
Goodwill, Foreign Currency Translation	(26)	(160)
Goodwill, Net Book Value	124,435	124,301
Trademarks and Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite Lived, Gross Carrying Amount	48,366	48,309
Indefinite Lived, Foreign Currency Translation		0
Indefinite Lived, Net Book Value	48,366	48,309
Fair Market Write-Up [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived, Gross Carrying Amount	1,924	1,924
Finite Lived, Accumulated Amortization	(1,720)	(1,697)
Finite Lived, Net Book Value	204	227
Fair Market Write-Down [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived, Gross Carrying Amount	(1,467)	(1,467)
Finite Lived, Accumulated Amortization	1,308	1,289
Finite Lived, Net Book Value	$ (159)	$ (178)

Accounts Payable, Accrued Exp38

Accounts Payable, Accrued Expenses and Other Current Liabilities - Accounts Payable and Accrued Expenses (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Payables And Accruals [Abstract]
Accounts payable	$ 148,535	$ 175,024
Accrued compensation	32,744	27,698
Accrued freight and duty	21,304	27,230
Accrued sales taxes	14,649	19,269
Accrued occupancy	12,066	15,095
Accrued catalog costs	6,921	5,988
Accrued professional fees	5,869	2,736
Accrued legal settlements	2,575	3,000
Other accrued expenses	4,308	4,674
Total accounts payable and accrued expenses	$ 248,971	$ 280,714

Accounts Payable, Accrued Exp39

Accounts Payable, Accrued Expenses and Other Current Liabilities - Additional Information (Detail) - USD ($) $ in Millions	Apr. 30, 2016	Jan. 30, 2016
Payables And Accruals [Abstract]
Accounts payable includes negative cash balances	$ 7.8	$ 18.4

Accounts Payable, Accrued Exp40

Accounts Payable, Accrued Expenses and Other Current Liabilities - Schedule of Other Current Liabilities (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Payables And Accruals [Abstract]
Unredeemed gift card and merchandise credit liability	$ 30,628	$ 24,364
Allowance for sales returns	9,458	12,688
Capital lease obligations—current	139	182
Federal and state tax payable		27,838
Total other current liabilities	$ 40,225	$ 65,072

Other Non-Current Obligations -

Other Non-Current Obligations - Schedule of Other Non-Current Obligations (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Other Liabilities Noncurrent [Abstract]
Notes payable for share repurchases	$ 19,523	$ 19,523
Capital lease obligations—non-current	7,374	7,399
Unrecognized tax benefits	1,139	1,125
Other non-current obligations	1,290	1,302
Total other non-current obligations	$ 29,326	$ 29,349

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Detail) $ / shares in Units, shares in Millions	1 Months Ended		3 Months Ended
	Jun. 30, 2015USD ($)dDerivative$ / shares$ / Derivativeshares	Jun. 30, 2014USD ($)dDerivative$ / shares$ / Derivativeshares	Apr. 30, 2016USD ($)	May. 02, 2015USD ($)	Jan. 30, 2016USD ($)	Jul. 31, 2015USD ($)
Debt Instrument [Line Items]
Amortization of debt discount			$ 7,057,000	$ 3,250,000
Convertible Senior Notes Due 2020 [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount			300,000,000		$ 300,000,000
Deemed elected combination settlement amount per note to be received upon conversion	$ 1,000
Debt instrument, effective interest rate	6.47%
Discounts and commissions payable	$ 3,800,000		71,456,000		75,113,000
Third party offering costs	$ 2,300,000
Amortization of debt issuance costs			200,000
Amortization of debt discount			$ 3,700,000
Warrants sold to purchase common stock | shares	5.1
Cash proceeds from sale of warrants	$ 30,400,000
Warrants price per share | $ / shares	$ 189
Convertible Senior Notes Due 2020 [Member] | Convertible Bond Hedge and Warrant Transactions [Member]
Debt Instrument [Line Items]
Conversion price per share | $ / shares	$ 189
Convertible note hedge, number of shares | Derivative	510,000
Convertible note hedge, price per share | $ / Derivative	118.13
Convertible note hedge, description			The Company entered into convertible note hedge transactions whereby the Company has the option to purchase a total of approximately 5.1 million shares of its common stock at a price of approximately $118.13 per share
Convertible note hedge, inception Date			Jun. 30, 2015
Total cost of convertible note hedge transactions	$ 68,300,000
Deferred tax liability			$ 32,800,000
Deferred tax asset			$ 26,600,000
Convertible Senior Notes Due 2020 [Member] | Convertible Debt Instrument Conversion Period One [Member]
Debt Instrument [Line Items]
Debt instrument, convertible trading days | d	20
Debt instrument, convertible consecutive trading days	30 days
Debt instrument, convertible percentage of stock price	130.00%
Convertible Senior Notes Due 2020 [Member] | Convertible Debt Instrument Conversion Period Two [Member]
Debt Instrument [Line Items]
Debt instrument, convertible trading days | d	5
Debt instrument, convertible consecutive trading days	10 days
Debt instrument, convertible percentage of stock price	98.00%
Convertible Senior Notes Due 2020 [Member] | Convertible Debt Instrument Conversion Period Three [Member]
Debt Instrument [Line Items]
Debt instrument, convertible earliest date			Mar. 15, 2020
Convertible Senior Notes Due 2020 [Member] | Common Stock [Member]
Debt Instrument [Line Items]
Debt instrument, initial conversion rate	8.4656
Debt instrument, conversion principal amount	$ 1,000
Conversion price per share | $ / shares	$ 118.13
Debt instrument, conversion description			The initial conversion rate applicable to the 2020 Notes is 8.4656 shares of common stock per $1,000 principal amount of 2020 Notes, which is equivalent to an initial conversion price of approximately $118.13 per share.
Convertible Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount			$ 350,000,000		350,000,000
Debt instrument, convertible earliest date			Mar. 15, 2019
Deemed elected combination settlement amount per note to be received upon conversion		$ 1,000
Debt instrument, effective interest rate		4.51%
Discounts and commissions payable		$ 4,400,000	$ 45,889,000		$ 49,289,000
Third party offering costs		$ 1,000,000
Amortization of debt issuance costs			200,000	200,000
Amortization of debt discount			$ 3,400,000	$ 3,300,000
Warrants sold to purchase common stock | shares		3
Cash proceeds from sale of warrants		$ 40,400,000
Warrants price per share | $ / shares		$ 171.98
Convertible Senior Notes Due 2019 [Member] | Convertible Bond Hedge and Warrant Transactions [Member]
Debt Instrument [Line Items]
Convertible note hedge, number of shares | Derivative		3,000,000
Convertible note hedge, price per share | $ / Derivative		116.09
Convertible note hedge, description			the Company entered into convertible note hedge transactions whereby the Company has the option to purchase a total of approximately 3.0 million shares of its common stock at a price of approximately $116.09 per share.
Total cost of convertible note hedge transactions		$ 73,300,000
Deferred tax liability			$ 27,500,000
Deferred tax asset			$ 28,600,000
Conversion price per share, two | $ / shares		$ 171.98
Convertible Senior Notes Due 2019 [Member] | Convertible Debt Instrument Conversion Period One [Member]
Debt Instrument [Line Items]
Debt instrument, convertible trading days | d		20
Debt instrument, convertible consecutive trading days		30 days
Debt instrument, convertible percentage of stock price		130.00%
Convertible Senior Notes Due 2019 [Member] | Convertible Debt Instrument Conversion Period Two [Member]
Debt Instrument [Line Items]
Debt instrument, convertible trading days | d		5
Debt instrument, convertible consecutive trading days		10 days
Debt instrument, convertible percentage of stock price		98.00%
Convertible Senior Notes Due 2019 [Member] | Convertible Debt Instrument Conversion Period Three [Member]
Debt Instrument [Line Items]
Debt instrument, convertible earliest date			Mar. 15, 2019
Convertible Senior Notes Due 2019 [Member] | Common Stock [Member]
Debt Instrument [Line Items]
Debt instrument, initial conversion rate		8.6143
Debt instrument, conversion principal amount		$ 1,000
Conversion price per share | $ / shares		$ 116.09
Debt instrument, conversion description			The initial conversion rate applicable to the 2019 Notes is 8.6143 shares of common stock per $1,000 principal amount of 2019 Notes, which is equivalent to an initial conversion price of approximately $116.09 per share
Private Placement [Member] | Convertible Senior Notes Due 2020 [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 250,000,000
Debt instrument, interest rate	0.00%
Debt instrument, maturity date			Jul. 15, 2020
Private Placement [Member] | Convertible Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount		$ 350,000,000
Debt instrument, interest rate		0.00%
Debt instrument, maturity date			Jun. 15, 2019
Exercise of Over Allotment Option in Private Placement [Member] | Convertible Senior Notes Due 2020 [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount						$ 50,000,000

Convertible Senior Notes - Carr

Convertible Senior Notes - Carrying Values of Notes Excluding the Discounts upon Original Issuance and Third Party Offering Costs (Detail) - Convertible Senior Notes Due 2020 [Member] - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016	Jun. 30, 2015
Liability component
Principal	$ 300,000	$ 300,000
Less: Debt discount	(71,456)	(75,113)	$ (3,800)
Net carrying amount	228,544	224,887
Equity component	$ 84,003	$ 84,003

Convertible Senior Notes - Ca44

Convertible Senior Notes - Carrying Value of Notes Excluding the Discounts and Commissions Payable to the Initial Purchasers and Third Party Offering Costs (Detail) - Convertible Senior Notes Due 2019 [Member] - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016	Jun. 30, 2014
Liability component
Principal	$ 350,000	$ 350,000
Less: Debt discount	(45,889)	(49,289)	$ (4,400)
Net carrying amount	304,111	300,711
Equity component	$ 70,482	$ 70,482

Line of Credit - Additional Inf

Line of Credit - Additional Information (Detail) - USD ($) $ in Millions	Nov. 24, 2014	Apr. 30, 2016	Jan. 30, 2016
Line of Credit Facility [Line Items]
Revolving line of credit, interest rate description		Borrowings under the revolving line of credit are subject to interest, at the borrowers’ option, at either the bank’s reference rate or LIBOR (or the Bank of America “BA” Rate or the Canadian Prime Rate, as such terms are defined in the credit agreement, for Canadian borrowings denominated in Canadian dollars or the United States Index Rate or LIBOR for Canadian borrowings denominated in United States dollars) plus an applicable margin rate, in each case.
Tenth Amended And Restated Credit Agreement [Member]
Line of Credit Facility [Line Items]
Agreement, date		Nov. 24, 2014
Amended Credit Agreement [Member]
Line of Credit Facility [Line Items]
Amended and restated credit agreement maturity date		Nov. 24, 2019
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding revolving line of credit		$ 0
Undrawn borrowing availability under the revolving line of credit		555.5
Outstanding letters of credit		$ 14.9	$ 15
Revolving Credit Facility [Member] | Tenth Amended And Restated Credit Agreement [Member]
Line of Credit Facility [Line Items]
Increase in revolving line of credit	$ 182.5
Revolving Credit Facility [Member] | Tenth Amended And Restated Credit Agreement [Member] | Restoration Hardware, Inc. [Member] | Scenario, Plan Subject to Satisfaction of Conditions [Member]
Line of Credit Facility [Line Items]
Increase in revolving line of credit	200
Term Loan Facility [Member] | Tenth Amended And Restated Credit Agreement [Member]
Line of Credit Facility [Line Items]
Elimination of term loan facility	$ 15

Fair Value of Financial Instr46

Fair Value of Financial Instruments - Schedule of Assets Measured at Fair Value (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	$ 17,239	$ 46,796
Total	128,193	199,651
Money market funds [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	250	70
Commercial paper [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	16,989	46,726
Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	250	70
Total	30,094	29,910
Level 1 [Member] | Money market funds [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	250	70
Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	16,989	46,726
Total	98,099	169,741
Level 2 [Member] | Commercial paper [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	16,989	46,726
Short-term investments [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	100,095	130,801
Short-term investments [Member] | Commercial paper [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	17,668	15,488
Short-term investments [Member] | Government agency obligations [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	82,427	115,313
Short-term investments [Member] | Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	29,844	22,011
Short-term investments [Member] | Level 1 [Member] | Government agency obligations [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	29,844	22,011
Short-term investments [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	70,251	108,790
Short-term investments [Member] | Level 2 [Member] | Commercial paper [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	17,668	15,488
Short-term investments [Member] | Level 2 [Member] | Government agency obligations [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	52,583	93,302
Long-term investments [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	10,859	22,054
Long-term investments [Member] | Government agency obligations [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	10,859	22,054
Long-term investments [Member] | Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments		7,829
Long-term investments [Member] | Level 1 [Member] | Government agency obligations [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments		7,829
Long-term investments [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	10,859	14,225
Long-term investments [Member] | Level 2 [Member] | Government agency obligations [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	$ 10,859	$ 14,225

Fair Value of Financial Instr47

Fair Value of Financial Instruments - Schedule of Available-for-sale Securities Maturities (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Cost range of maturity
Cost due within 1 year	$ 117,028	$ 177,564
Cost due in 1 to 2 years	10,838	22,033
Fair value range of maturity
Fair value due within 1 year	117,084	177,527
Fair value due in 1 to 2 years	$ 10,859	$ 22,054

Fair Value of Financial Instr48

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Transfers out of Level 1 into Level 2	$ 0	$ 0
Transfers out of Level 2 into Level 1	0	0
Impairment charge on long-lived assets	0	0
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement, purchases, sales, issuances, or settlements	$ 0	$ 0

Fair Value of Financial Instr49

Fair Value of Financial Instruments - Estimated Fair Value and Carrying Value of 2019 and 2020 Notes (Detail) - USD ($) $ in Thousands	Apr. 30, 2016	Jan. 30, 2016
Convertible Senior Notes Due 2019 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Convertible senior notes, Fair Value	$ 281,181	$ 257,624
Convertible senior notes, Carrying Value	304,111	300,711
Convertible Senior Notes Due 2020 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Convertible senior notes, Fair Value	221,798	198,635
Convertible senior notes, Carrying Value	$ 228,544	$ 224,887

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 30, 2016	May. 02, 2015	Jan. 30, 2016
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (8,533,000)	$ 4,224,000
Effective income tax rate	38.80%	37.10%
Unrecognized tax benefits	$ 900,000		$ 900,000
Exposures related to unrecognized tax benefits	$ 0
Period of unrecognized tax benefits change	12 months

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of Weighted-Average Shares Used for Net Income (Loss) per Share (Detail) - shares	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Earnings Per Share [Abstract]
Weighted-average shares—basic	40,588,081	39,913,946
Effect of dilutive stock-based awards		2,045,772
Weighted-average shares—diluted	40,588,081	41,959,718

Net Income (Loss) Per Share - A

Net Income (Loss) Per Share - Anti-Dilutive Securities Excluded from Diluted Net Income (Loss) per Share (Detail) - shares	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options and restricted stock units were excluded from calculation of diluted net earnings share	8,823,539	134,363
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options and restricted stock units were excluded from calculation of diluted net earnings share	7,590,257	129,508
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options and restricted stock units were excluded from calculation of diluted net earnings share	1,233,282	4,855

Share Repurchases - Additional

Share Repurchases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015	Jan. 30, 2016
Equity [Abstract]
Common stock share repurchased	0	0
Unpaid principal amount of notes payable for share repurchases	$ 19,523		$ 19,523
Interest expense related to notes payable for share repurchases	$ 200	$ 200

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-based compensation expense	$ 3,998,000	$ 5,299,000
Stock-based compensation cost capitalized	$ 0	$ 0

Stock-Based Compensation - 2012

Stock-Based Compensation - 2012 Stock Option Plan and 2012 Stock Incentive Plan - Additional Information (Detail) - 2012 Stock Option Plan and 2012 Stock Incentive Plan [Member] $ / shares in Units, $ in Millions	3 Months Ended
	Apr. 30, 2016USD ($)$ / sharesshares
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding shares | shares	7,590,257
Options outstanding, weighted-average exercise price per share | $ / shares	$ 53.51
Numbers of options vested | shares	4,920,029
Vested weighted-average exercise price per share | $ / shares	$ 50.06
Aggregate intrinsic value of options outstanding	$ 12.8
Aggregate intrinsic value of options vested or expected to vest	12.8
Aggregate intrinsic value of options exercisable	$ 12
Weighted-average remaining contractual life of options exercisable	6 years 8 months 23 days
Unrecognized compensation expense related to unvested options	$ 47.7
Unrecognized compensation expense with weighted-average period	4 years 1 month 21 days
Restricted Stock And Restricted Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding shares | shares	1,233,282
Unrecognized compensation expense related to unvested options	$ 51
Unrecognized compensation expense with weighted-average period	4 years 15 days
Restricted stock awards outstanding with weighted-average grant date fair value per share | $ / shares	$ 61.02
Vested restricted stock awards | shares	14,088
Vested weighted-average exercise price per share | $ / shares	$ 67.27

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Mar. 16, 2015	Sep. 05, 2014	Apr. 30, 2016	Jan. 31, 2015
Commitment And Contingencies [Line Items]
Material off balance sheet commitments			$ 0
Fees and costs awarded to plaintiff's attorney		$ 9,500,000
Litigation accrual				$ 9,500,000
Revised litigation accrual				8,000,000
Loss contingency payment to third party	$ 2,400,000
Merchandise discount coupon rate	33.00%
Merchandise discount coupon expiry period			1 year
Loss contingency, description			On March 16, 2015, the Company, through the third party claims administrator, began mailing the class action award to class members. The Company, through the third party claims administrator, paid approximately $2.4 million in cash awards to the class members and mailed 33% discount coupons, good for one year, on purchases up to $10,000, to class members that did not request the cash award. During a hearing on April 16, 2015, the Court provided additional guidance regarding the manner in which class members can use the 33% merchandise discount coupon. Specifically, the court ordered that the 33% coupons may be combined with the Company’s other promotional offers.
Coupons expiry date			Mar. 16, 2016
Maximum [Member]
Commitment And Contingencies [Line Items]
Merchandise discount coupon, purchases	$ 10,000
Estimated Class Member Response [Member]
Commitment And Contingencies [Line Items]
Decrease in litigation charge				$ (1,500,000)

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Apr. 30, 2016SegmentCustomer	May. 02, 2015Customer
Segment Reporting Information [Line Items]
Number of operating segment | Segment	1
Number of customers accounted for more than 10% of Company's revenues | Customer	0	0
Sales [Member] | Customer Concentration Risk [Member]
Segment Reporting Information [Line Items]
Portion of specified customers portion in total revenues	10.00%	10.00%

Segment Reporting - Net Revenue

Segment Reporting - Net Revenues (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2016	May. 02, 2015
Segment Reporting Information [Line Items]
Total net revenues	$ 455,456	$ 422,445
Furniture [Member]
Segment Reporting Information [Line Items]
Total net revenues	290,426	272,275
Non-furniture [Member]
Segment Reporting Information [Line Items]
Total net revenues	$ 165,030	$ 150,170

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Design Investors WW Acquisition Company, LLC [Member] - USD ($) $ in Millions	May. 27, 2016	Apr. 30, 2016
Subsequent Event [Line Items]
Acquisition costs		$ 2.1
Subsequent Event [Member]
Subsequent Event [Line Items]
Acquisition of business, aggregate purchase price	$ 118.4
Subsequent Event [Member] | Minimum
Subsequent Event [Line Items]
Total equity interest acquired	90.00%