RH (RH) 10-Q 12 Jun 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 05, 2018	Jun. 08, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 5, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	RH
Entity Registrant Name	RH
Entity Central Index Key	1,528,849
Current Fiscal Year End Date	--02-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		21,634,290

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Current assets:
Cash and cash equivalents	$ 20,796	$ 17,907
Accounts receivable—net	38,614	31,412
Merchandise inventories	530,657	527,026
Prepaid expense and other current assets	60,064	68,585
Total current assets	650,131	644,930
Property and equipment—net	811,369	800,698
Goodwill	141,849	141,893
Trademarks and other intangible assets	100,678	100,702
Deferred tax assets	30,014	23,311
Other non-current assets	14,920	21,332
Total assets	1,748,961	1,732,866
Current liabilities:
Accounts payable and accrued expenses	264,173	318,765
Deferred revenue and customer deposits	172,379	149,404
Other current liabilities	59,944	51,166
Total current liabilities	496,496	519,335
Asset based credit facility	298,528	279,469
Term loan—net	79,528	79,499
Financing obligations under build-to-suit lease transactions	227,979	229,323
Deferred rent and lease incentives	54,965	54,983
Other non-current obligations	73,248	76,367
Total liabilities	1,740,319	1,740,202
Commitments and contingencies (Note 14)
Stockholders’ equity (deficit):
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized, no shares issued or outstanding as of May 5, 2018 and February 3, 2018
Common stock, $0.0001 par value per share, 180,000,000 shares authorized, 41,835,129 shares issued and 21,612,197 shares outstanding as of May 5, 2018; 41,737,470 shares issued and 21,517,338 shares outstanding as of February 3, 2018	2	2
Additional paid-in capital	870,751	860,288
Accumulated other comprehensive loss	(1,436)	(171)
Retained earnings	159,417	152,394
Treasury stock—at cost, 20,222,932 shares as of May 5, 2018 and 20,220,132 shares as of February 3, 2018	(1,020,092)	(1,019,849)
Total stockholders’ equity (deficit)	8,642	(7,336)
Total liabilities and stockholders’ equity (deficit)	1,748,961	1,732,866
Asset Based Credit Facility [Member]
Current liabilities:
Asset based credit facility	219,000	199,970
Convertible Senior Notes Due 2019 [Member]
Current liabilities:
Convertible senior notes due-net	331,678	327,731
Convertible Senior Notes Due 2020 [Member]
Current liabilities:
Convertible senior notes due-net	$ 257,425	$ 252,994

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	May 05, 2018	Feb. 03, 2018
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	41,835,129	41,737,470
Common stock, shares outstanding	21,612,197	21,517,338
Treasury stock, shares	20,222,932	20,220,132

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Income Statement [Abstract]
Net revenues	$ 557,406	$ 562,080
Cost of goods sold	345,371	391,824
Gross profit	212,035	170,256
Selling, general and administrative expenses	158,434	163,360
Income from operations	53,601	6,896
Interest expense—net	17,035	12,179
Income (loss) before income taxes	36,566	(5,283)
Income tax expense (benefit)	8,507	(1,913)
Net income (loss)	$ 28,059	$ (3,370)
Weighted-average shares used in computing basic net income (loss) per share	21,545,025	37,609,516
Basic net income (loss) per share	$ 1.30	$ (0.09)
Weighted-average shares used in computing diluted net income (loss) per share	25,230,228	37,609,516
Diluted net income (loss) per share	$ 1.11	$ (0.09)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 28,059	$ (3,370)
Net losses from foreign currency translation	(1,265)	(1,192)
Net unrealized holding gains on available-for-sale investments		11
Total comprehensive income (loss)	$ 26,794	$ (4,551)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 28,059	$ (3,370)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	17,047	16,020
Lease impairment adjustment	(1,157)
Non-cash charges resulting from inventory step-up	190	1,380
Amortization of debt discount	7,881	7,458
Stock-based compensation expense	7,997	5,289
Other non-cash interest expense	938	884
Change in assets and liabilities:
Accounts receivable	(7,243)	8
Merchandise inventories	(4,032)	66,067
Prepaid expense and other assets	(26,181)	7,547
Accounts payable and accrued expenses	(57,215)	1,219
Deferred revenue and customer deposits	28,159	22,232
Other current liabilities	13,838	(1,086)
Deferred rent and lease incentives	44	726
Other non-current obligations	(569)	(426)
Net cash provided by operating activities	7,756	123,948
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(27,121)	(21,173)
Proceeds from sale of assets held for sale—net		4,900
Purchase of investments		(16,109)
Maturities of investments		46,890
Sales of investments		145,020
Net cash provided by (used in) investing activities	(27,121)	159,528
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments under promissory and equipment security notes	(1,491)
Repurchases of common stock—including commissions		(300,140)
Payments on build-to-suit lease transactions	(3,207)	(1,289)
Proceeds from exercise of stock options	2,923	2,567
Tax withholdings related to issuance of stock-based awards	(351)	(149)
Payments on capital leases	(112)	(76)
Net cash provided by (used in) financing activities	16,792	(299,087)
Effects of foreign currency exchange rate translation	(62)	(86)
Net decrease in cash and cash equivalents and restricted cash equivalents	(2,635)	(15,697)
Cash and cash equivalents
Beginning of period—cash and cash equivalents	17,907	87,023
Beginning of period—restricted cash equivalents (construction related deposits)	7,407	28,044
Beginning of period—cash and cash equivalents and restricted cash equivalents	25,314	115,067
End of period—cash and cash equivalents	20,796	80,150
End of period—restricted cash equivalents (construction related deposits)	1,883	19,220
End of period—cash and cash equivalents and restricted cash equivalents	22,679	99,370
Non-cash transactions:
Property and equipment additions in accounts payable and accrued expenses at period-end	18,560	14,498
Property and equipment additions from unpaid construction related deposits	2,650	4,913
Property and equipment additions due to build-to-suit lease transactions	1,887	$ 18,283
Issuance of non-current notes payable related to share repurchases from former employees	243
Asset Based Credit Facility [Member]
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowing	334,000
Repayments	$ (314,970)

The Company

The Company	3 Months Ended
	May 05, 2018
Accounting Policies [Abstract]
The Company	NOTE 1—THE COMPANY Nature of Business RH, 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 May 5, 2018, the Company operated a total of 84 retail Galleries and 32 outlet stores in 32 states, the District of Columbia and Canada, and includes 15 Waterworks showrooms in the United States and in the U.K., and had sourcing operations in Shanghai and Hong Kong. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared from the Company’s records and, in management’s opinion, include all adjustments, consisting of normal recurring adjustments, necessary to fairly state the Company’s financial position as of May 5, 2018, and the results of operations for the three months ended May 5, 2018 and April 29, 2017. The Company’s current fiscal year, which consists of 52 weeks, ends on February 2, 2019 (“fiscal 2018”). Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted for purposes of these interim condensed consolidated financial statements. 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 February 3, 2018 (the “2017 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 financial position or consolidated results of operations, and did not have a material effect on the previously reported consolidated cash flows. The results of operations for the three months ended May 5, 2018 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
	May 05, 2018
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 FASB and International Accounting Standards Board issued their converged accounting standards 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. Adoption and Accounting Policy The Company adopted Topic 606 on February 4, 2018 using the modified retrospective transition method and recorded a decrease to opening retained earnings of $21.0 million, inclusive of the tax impact. Results reported within the Company’s condensed consolidated financial statements for reporting periods beginning February 4, 2018 are presented under Topic 606 while prior periods are not adjusted and continue to be reported in accordance with the Company’s historic accounting under ASC 605 —Revenue Recognition (Topic 605) . Under Topic 606, changes were made to the recognition timing or classification of revenues and expenses for the following: Description Policy under Topic 605 Policy under Topic 606 Advertising expenses Costs associated with Source Books were capitalized and amortized over their expected period of future benefit. Expense was amortized based upon the ratio of actual revenues to the total of actual and estimated future revenues on an individual Source Book basis, generally over a twelve-month period after they were mailed. Costs associated with Source Books are expensed upon the delivery of the Source Books to the carrier. In the case of multiple printings of a Source Book, the creative costs will be expensed in full upon the initial delivery of Source Books to the carrier. Gift card breakage Recognized gift card breakage (amounts not expected to be redeemed) within selling, general and administrative expenses. Recognize gift card breakage within net revenues proportional to actual gift card redemptions. Membership revenue Annual fees for new memberships in the RH Members Program and renewals were recorded as deferred revenue when collected from customers and recognized as revenue on a straight-line basis over the twelve month membership period. Annual fees for new memberships in the RH Members Program are recorded as deferred revenue when collected from customers and recognized as revenue based on expected product revenues over the annual membership period, using historical trends of sales to members. RH Members Program renewal fees are recorded as deferred revenue when collected from customers and will continue to be recognized as revenue on a straight-line basis over the twelve month membership period. Revenue recognition Revenue for merchandise that is not delivered via the home-delivery channel was recognized upon delivery. Revenue for merchandise that is not delivered via the home-delivery channel will be recognized upon shipment. Allowance for sales returns Recognized an allowance for sales returns as a net liability within other current liabilities. Recognize an allowance for sales returns on a gross basis as a liability within other current liabilities and a right of return asset for merchandise within prepaid expense and other current assets. Advertising expenses — The adoption of Topic 606 materially impacts the timing of recognizing advertising expense related to direct response advertising, including costs associated with the Company’s Source Books. Under Topic 606, the Company will recognize expense associated with the Source Books upon the delivery of the Source Books to the carrier. In the case of multiple printings of a Source Book, the creative costs will be expensed in full upon the initial delivery of Source Books to the carrier. Prior to adoption of Topic 606, costs associated with Source Books were capitalized and amortized over their expected period of future benefit. Such amortization was based upon the ratio of actual revenues to the total of actual and estimated future revenues on an individual Source Book basis. Each Source Book was generally fully amortized within a twelve-month period after they were mailed and the majority of the amortization occurred within the first five to nine months, with the exception of the Holiday Source Books, which were generally fully amortized within a three-month period after they were mailed . Upon adoption of Topic 606, capitalized costs associated with Source Books of $37.8 million that had been delivered to the carrier prior to or on February 3, 2018 were reclassified to retained earnings on the consolidated balance sheets, resulting in a decrease to the opening retained earnings balance . Gift card breakage — Under Topic 606, the Company recognizes gift card breakage proportional to actual gift card redemptions and such breakage is recorded within net revenues on the condensed consolidated statements of operations. Gift card breakage was previously recorded as a reduction to selling, general and administrative expenses when the likelihood of redemption was remote. Upon adoption of Topic 606, gift card liabilities of $6.0 million were reclassified to retained earnings on the consolidated balance sheets , resulting in an increase to the opening retained earnings balance . Membership revenue — Under Topic 606, the annual fee for new memberships in the RH Members Program is recorded as deferred revenue when collected from customers and recognized as revenue based on expected product revenues over the annual membership period, using historical trends of sales to members. Prior to the adoption of Topic 606, new memberships were recorded as deferred revenue when collected from customers and recognized as revenue on a straight-line basis over the twelve month membership period. This will result in a majority of revenue being recognized during the first six months of the membership period. The adoption of Topic 606 will not have an impact on membership renewal fees, which will continue to be recognized as revenue on a straight-line basis over the twelve month membership period, until the Company has more information regarding membership renewal purchasing trends. Upon adoption of Topic 606, deferred membership revenue of $3.8 million was reclassified to retained earnings on the consolidated balance sheets, resulting in an increase to the opening retained earnings balance. Revenue recognition — Under Topic 606, the Company will continue to recognize revenue for merchandise delivered via the home-delivery channel upon delivery. Under Topic 606, revenue for merchandise delivered via all other delivery channels will be recognized upon shipment , whereas previously such revenue was recognized upon delivery . Upon adoption of Topic 606, deferred revenue (net of cost of goods sold) of $1.3 million was reclassified to retained earnings on the consolidated balance sheets , resulting in an increase to the opening retained earnings balance . The Company adopted the practical expedient related to shipping and handling activities. Under this option, in instances where revenue is recognized for the related merchandise prior to delivery to customers (i.e., revenue recognized upon shipment), the related costs of shipping and handling activities will be accrued for in the same period. Costs of shipping and handling continue to be included in cost of goods sold. Allowance for sales returns — In connection with adoption of Topic 606, the Company is required to recognize its allowance for sales returns on a gross basis rather than as a net liability. Upon adoption, this resulted in an increase to prepaid and other current assets (“right of return asset for merchandise”), with a corresponding increase to other current liabilities on the consolidated balance sheets, and did not impact the consolidated statements of operations. As of May 5, 2018, the right of return asset for merchandise was $5.3 million . Sales tax collection from customers — Under Topic 606, the Company has not changed its policy regarding sales tax collected from customers. Sales tax collected is not recognized as revenue but is included in accounts payable and accrued expenses on the consolidated balance sheets as it is ultimately remitted to governmental authorities. In connection with adoption of Topic 606, the Company recorded a $6.6 million tax adjustment associated with the charges listed above to retained earnings on the consolidated balance sheets, resulting in an increase to the opening retained earnings balance . Contract Liabilities The Company defers revenue associated with merchandise delivered via the home-delivery channel. As the Company recognizes revenue when the merchandise is delivered to our customers, it is included as deferred revenue on the consolidated balance sheets while in-transit. Customer deposits represent payments made by customers on custom orders. At the time of order placement the Company collects deposits for all custom orders equivalent to 50% of the purchase price. Custom order deposits are recognized as revenue when a customer obtains control of the merchandise. In addition, the Company collects annual membership fees related to the RH Members Program. New membership fees are recorded as deferred revenue when collected from customers and recognized as revenue based on expected product revenues over the annual membership period, using historical trends of sales to members. Membership renewal fees are recorded as deferred revenue when collected from customers and are recognized as revenue on a straight-line basis over the membership period, or one year. The Company expects that substantially all of the deferred revenue, customer deposits and deferred membership fees as of May 5, 2018 will be recognized within the next six months as the performance obligations are satisfied. In addition, the Company defers revenue when cash payments are received in advance of performance for unsatisfied obligations related to its gift cards and merchandise credits. Customer liabilities related to gift cards and merchandise credits was $17.7 million and $24.1 million as of May 5, 2018 and February 3, 2018, respectively. As discussed above, $6.0 million of the decrease was due to the reclassification of gift card liabilities to retained earnings upon adoption of Topic 606. During the three months ended May 5, 2018, the Company recognized $4.9 million of revenue related to previous deferrals related to its gift cards and merchandise credits and recorded gift card breakage of $0.4 million. The Company expects that approximately 70% of the remaining gift card and merchandise credit liabilities will be recognized when the gift cards are redeemed by customers. Disaggregated Revenue The Company recognizes revenue from its stores and direct sales channels. Stores net revenues represent sales originating in retail stores, including Waterworks showrooms, and outlet stores. Direct net revenues include sales through the Company’s Source Books, websites, and phone orders, including its Contract business and a portion of its Trade business. During the three months ended May 5, 2018, net revenues recognized from the stores and direct sales channels were $314.5 million and $242.9 million, respectively. Adoption Impact on Fiscal 2018 Results The following table summarizes the impact of adopting Topic 606 on the Company’s condensed consolidated statements of operations ( in thousands Three Months Ended May 5, 2018 As Reported Adjustments Balances without Adoption of Topic 606 Net revenues $ 557,406 $ (7,610 ) $ 549,796 Cost of goods sold 345,371 (2,988 ) 342,383 Gross profit 212,035 (4,622 ) 207,413 Selling, general and administrative expenses 158,434 3,803 162,237 Income from operations 53,601 (8,425 ) 45,176 Interest expense—net 17,035 — 17,035 Income before income taxes 36,566 (8,425 ) 28,141 Income tax expense 8,507 (1,950 ) 6,557 Net income $ 28,059 $ (6,475 ) $ 21,584 The following table summarizes the impact of adopting Topic 606 on certain line items of the Company’s condensed consolidated balance sheets ( in thousands As of May 5, 2018 As Reported Adjustments Balances without Adoption of Topic 606 Prepaid expense and other current assets $ 60,064 $ 27,652 $ 87,716 Deferred tax assets 30,014 (6,561 ) 23,453 Accounts payable and accrued expenses 264,173 (638 ) 263,535 Deferred revenue and customer deposits 172,379 9,463 181,842 Other current liabilities 59,944 (2,295 ) 57,649 Retained earnings 159,417 14,561 173,978 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, Cash Flow Classification In August 2016, the FASB issued Accounting Standards Update No. 2016-15—Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued Accounting Standards Update No. 2016-18—Statement of Cash Flows (Topic 230): Restricted Cash Income Taxes: Intra-Entity Asset Transfers In October 2016, the FASB issued Accounting Standards Update No. 2016-16—Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory Stock-Based Compensation In May 2017, the FASB issued Accounting Standards Update No. 2017-09—Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting . The new guidance clarifies when modification accounting should be applied for changes to terms or conditions of a share-based payment award. The new guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period, with early adoption permitted. The standard will be applied prospectively. The Company adopted this new accounting standard in the first quarter of fiscal 2018 and such adoption did not have an impact on its consolidated financial statements . Accounting for Leases In February 2016, the FASB issued Accounting Standards Update 2016-02—Leases,

Prepaid Expense and Other Asset

Prepaid Expense and Other Assets	3 Months Ended
	May 05, 2018
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 May 5, February 3, 2018 2018 Vendor deposits $ 20,896 $ 9,701 Capitalized catalog costs 15,965 44,122 Right of return asset for merchandise 5,296 — Prepaid expense and other current assets 17,907 14,762 Total prepaid expense and other current assets $ 60,064 $ 68,585 Other non-current assets consist of the following ( in thousands May 5, February 3, 2018 2018 Deferred financing fees $ 4,194 $ 4,446 Construction related deposits 1,883 7,407 Other deposits 5,006 4,997 Other non-current assets 3,837 4,482 Total other non-current assets $ 14,920 $ 21,332

Goodwill and Trademarks and Dom

Goodwill and Trademarks and Domain Names	3 Months Ended
	May 05, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Trademarks and Domain Names	NOTE 4—GOODWILL AND TRADEMARKS AND DOMAIN NAMES The following sets forth the goodwill and trademarks and domain names activity for the RH Segment and Waterworks for the three months ended May 5, 2018 ( in thousands Foreign February 3, Currency May 5, 2018 Translation 2018 RH Segment Goodwill $ 124,448 $ (44 ) $ 124,404 Trademarks and domain names 48,563 — 48,563 Waterworks Goodwill (1) 17,445 — 17,445 Trademarks 52,100 — 52,100 (1) T he Waterworks reporting unit goodwill is presented net of an impairment charge of $33.7 million, which was recorded in fiscal 2017

Accounts Payable, Accrued Expen

Accounts Payable, Accrued Expenses and Other Current Liabilities	3 Months Ended
	May 05, 2018
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 May 5, February 3, 2018 2018 Accounts payable $ 166,044 $ 195,313 Accrued compensation 31,250 47,534 Accrued freight and duty 18,219 23,757 Accrued sales taxes 17,674 19,525 Accrued occupancy 9,909 8,612 Accrued catalog costs 7,037 9,000 Accrued professional fees 2,960 3,555 Other accrued expenses 11,080 11,469 Total accounts payable and accrued expenses $ 264,173 $ 318,765 Other current liabilities consist of the following ( in thousands May 5, February 3, 2018 2018 Allowance for sales returns $ 17,887 $ 10,565 Unredeemed gift card and merchandise credit liability 17,673 24,138 Federal and state tax payable 13,478 5,391 Current portion of non-current debt 6,080 6,033 Product recall reserves 1,029 1,201 Other current liabilities 3,797 3,838 Total other current liabilities $ 59,944 $ 51,166

Other Non-Current Obligations

Other Non-Current Obligations	3 Months Ended
	May 05, 2018
Other Liabilities Disclosure [Abstract]
Other Non-Current Obligations	NOTE 6—OTHER NON-CURRENT OBLIGATIONS Other non-current obligations consist of the following ( in thousands May 5, February 3, 2018 2018 Notes payable for share repurchases $ 19,633 $ 19,390 Equipment security notes (1) 12,676 13,864 Promissory note (2) 11,285 11,627 Lease loss liabilities 8,344 9,684 Capital lease obligations—non-current 7,389 7,509 Deferred contract incentive (3) 4,762 5,358 Unrecognized tax benefits 3,764 3,728 Rollover units and profit interests (4) 2,317 2,211 Other non-current obligations 3,078 2,996 Total other non-current obligations $ 73,248 $ 76,367 (1) Represents the non-current portion of equipment security notes secured by certain of the Company’s distribution center property and equipment. (2) Represents the non-current portion of a promissory note secured by the Company’s aircraft. (3) Represents the non-current portion of an incentive payment received in relation to a 5-year service agreement. The amount will be amortized over the term of the agreement. (4) Represents rollover units and profit interests associated with the acquisition of Waterworks. Refer to Note 13 — Stock-Based Compensation

Convertible Senior Notes

Convertible Senior Notes	3 Months Ended
	May 05, 2018
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 May 5, 2018, none of these conditions have occurred and, as a result, the 2020 Notes are not convertible as of May 5, 2018. 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 expected life 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 expected life 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 comprised 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 both the three months ended May 5, 2018 and April 29, 2017, the Company recorded $0.3 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 May 5, February 3, 2018 2018 Liability component Principal $ 300,000 $ 300,000 Less: Debt discount (39,974 ) (44,135 ) Net carrying amount $ 260,026 $ 255,865 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 $4.2 million and $3.9 million for the amortization of the debt discount related to the 2020 Notes during the three months ended May 5, 2018 and April 29, 2017, respectively. 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 2.5 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 2.5 million shares of the Company’s common stock at a price of $189.00 per share. The warrants contain certain adjustment mechanisms whereby the total number of shares to be purchased under such warrants may be increased up to a cap of 5.1 million shares of common stock (which cap may also be subject to adjustment). 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 deferred tax assets on the condensed 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 May 5, 2018, none of these conditions have occurred and, as a result, the 2019 Notes are not convertible as of May 5, 2018. 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 per note to be received upon conversion 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 expected life 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 expected life 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 comprised 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 May 5, 2018 and April 29, 2017, 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 May 5, February 3, 2018 2018 Liability component Principal $ 350,000 $ 350,000 Less: Debt discount (17,268 ) (20,988 ) Net carrying amount $ 332,732 $ 329,012 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 $3.7 million and $3.6 million for the amortization of the debt discount related to the 2019 Notes during the three months ended May 5, 2018 and April 29, 2017, 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 warrants contain certain adjustment mechanisms whereby the total number of shares to be purchased under such warrants may be increased up to a cap of 6.0 million shares of common stock (which cap may also be subject to adjustment). 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 deferred tax assets on the condensed consolidated balance sheets.

Credit Facilities

Credit Facilities	3 Months Ended
	May 05, 2018
Debt Disclosure [Abstract]
Credit Facilities	NOTE 8—CREDIT FACILITIES The Company’s outstanding credit facilities were as follows ( in thousands May 5, February 3, 2018 2018 Outstanding Unamortized Debt Net Carrying Outstanding Unamortized Debt Net Carrying Amount Issuance Costs Amount Amount Issuance Costs Amount Asset based credit facility $ 219,000 $ — $ 219,000 $ 199,970 $ — $ 199,970 LILO term loan 80,000 (472 ) 79,528 80,000 (501 ) 79,499 Total credit facilities $ 299,000 $ (472 ) $ 298,528 $ 279,970 $ (501 ) $ 279,469 Asset Based Credit Facility & LILO Term Loan In August 2011, Restoration Hardware, Inc., along with its Canadian subsidiary, Restoration Hardware Canada, Inc., entered into a credit agreement with Bank of America, N.A., as administrative agent, and certain other lenders. On June 28, 2017, Restoration Hardware, Inc. entered into an eleventh amended and restated credit agreement among Restoration Hardware, Inc., Restoration Hardware Canada, Inc., various subsidiaries of RH named therein as borrowers or guarantors, the lenders party thereto and Bank of America, N.A. as administrative agent and collateral agent (the “credit agreement”). The credit agreement has a revolving line of credit with availability of up to $600.0 million, of which $10.0 million is available to Restoration Hardware Canada, Inc., and includes a $200.0 million accordion feature under which the revolving line of credit may be expanded by agreement of the parties from $600.0 million to up to $800 million if and to the extent the lenders revise their credit commitments to encompass a larger facility. In addition, the credit agreement establishes an $80.0 million LILO term loan facility. The credit agreement has a maturity date of June 28, 2022. On June 12, 2018, Restoration Hardware, Inc. entered into a First Amendment (the “Amendment”) to credit agreement. The Amendment (i) changes the credit agreement’s definition of “Eligible In-Transit Inventory” to clarify the requirements to be fulfilled by the borrowers with respect to such in-transit inventory, and (ii) clarifies that no Default or Event of Default was caused by any prior non-compliance with such requirements with respect to in-transit inventory. Eligible In-Transit Inventory consists of inventory being shipped from vendor locations outside of the United States. Qualifying in-transit inventory is included within the Company’s borrowing base for eligible collateral for purposes of determining the amount of borrowing available to borrowers under the credit agreement. Borrowings under the revolving line of credit and LILO term loan facility are subject to interest, at the borrowers’ option, at either the bank’s reference rate or LIBOR (or, in the case of the revolving line of credit, 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 May 5, 2018, was in compliance with all applicable covenants of the credit agreement. As of May 5, 2018, the Company had $219.0 million in outstanding borrowings and $138.8 million of availability under the revolving line of credit, net of $27.8 million in outstanding letters of credit. As of May 5, 2018, the Company had $80.0 million outstanding borrowings under the LILO term loan facility. As a result of the consolidated fixed-charge coverage ratio (“FCCR”) restriction that limits the last 10% of borrowing availability, actual incremental borrowing available to the Company and the other affiliated parties under the revolving line of credit was approximately $92.2 million as of May 5, 2018.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	May 05, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 9—FAIR VALUE OF FINANCIAL INSTRUMENTS Amounts reported as cash and equivalents, receivables, and accounts payable and accrued expenses approximate fair value due to the short-term nature of activity within these accounts. The estimated fair value and carrying value of the 2019 Notes and 2020 Notes were as follows ( in thousands May 5, February 3, 2018 2018 Fair Value Carrying Value (1) Fair Value Carrying Value (1) Convertible senior notes due 2019 $ 327,352 $ 332,732 $ 324,866 $ 329,012 Convertible senior notes due 2020 $ 261,653 $ 260,026 $ 261,047 $ 255,865 (1) Carrying value represents the principal amount less the equity component of the 2019 Notes and 2020 Notes classified in stockholders’ equity (deficit), and does not exclude the discounts upon original issuance, discounts and commissions payable to the initial purchasers and third party offering costs, as applicable. The fair value of each of the 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). The estimated fair values of the asset based credit facility and LILO term loan were $219.0 million and $80.0 million, respectively, each of which approximates cost, as of May 5, 2018. Fair value approximates cost for both the asset based credit facility and LILO term loan as the interest rate associated with each facility is variable and resets frequently.

Income Taxes

Income Taxes	3 Months Ended
	May 05, 2018
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10—INCOME TAXES The Company recorded income tax expense of $8.5 million and an income tax benefit of $1.9 million in the three months ended May 5, 2018 and April 29, 2017, respectively. The effective tax rate was 23.3% and 36.2% for the three months ended May 5, 2018 and April 29, 2017, respectively. The decrease in the effective tax rate is primarily due to the reduction in the U.S. corporate income tax rate from 35% to 21% effective January 1, 2018 due to the passage of the Tax Cuts and Jobs Act (the “Tax Act”). On December 22, 2017, the Tax Act was enacted in the United States. The Company recognized the income tax effects of the Tax Act in its fiscal 2017 financial statements in accordance with Staff Accounting Bulletin 118, which provides SEC staff guidance for the application of ASC Topic 740, Income Taxes, in the reporting period in which the Tax Act was signed into law. As noted in its fiscal 2017 consolidated financial statements, the Company was able to reasonably estimate certain effects and, therefore, recorded provisional amounts associated with the one-time transition tax on indefinitely reinvested foreign earnings and the adjustment to our deferred tax assets and liabilities for the reduction in the corporate income tax rate. The Company has not made any additional measurement period adjustments related to these items during the three months ended May 5, 2018. As the Company continues its analysis of the Tax Act and interprets any additional guidance, it may make adjustments to the provisional amounts that have been recorded that may materially impact the Company's provision for income taxes. As of May 5, 2018 and February 3, 2018, the Company had $8.2 million of unrecognized tax benefits, of which $6.5 million would reduce income tax expense and the effective tax rate, if recognized. The remaining unrecognized tax benefits would offset other deferred tax assets, if recognized. As of May 5, 2018, the Company had $0.4 million of 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
	May 05, 2018
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 29, 2017, the weighted-average shares outstanding for basic and diluted are the same. Three Months Ended May 5, April 29, 2018 2017 Weighted-average shares—basic 21,545,025 37,609,516 Effect of dilutive stock-based awards 3,685,203 — Effect of dilutive convertible senior notes (1) — — Weighted-average shares—diluted 25,230,228 37,609,516 (1) The 2019 Notes and 2020 Notes will have an impact on the Company’s dilutive share count beginning at stock prices of $116.09 per share and $118.13 per share, respectively. 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 May 5, April 29, 2018 2017 Options 486,516 8,221,249 Restricted stock units 10,500 1,029,740 Total anti-dilutive stock-based awards 497,016 9,250,989

Share Repurchases

Share Repurchases	3 Months Ended
	May 05, 2018
Equity [Abstract]
Share Repurchases	NOTE 12—SHARE REPURCHASES $300 Million Share Repurchase Program On February 21, 2017, the Company’s Board of Directors authorized a stock repurchase program of up to $300 million (the “$300 Million Repurchase Program”). Under the $300 Million Repurchase Program, the Company repurchased approximately 7.8 million shares of its common stock at an average price of $38.24 per share, for an aggregate repurchase amount of approximately $300 million, during the three months ended April 29, 2017. As the $300 Million Repurchase Program was completed during the three months ended April 29, 2017 there will be no repurchases in future periods under this repurchase authorization. Share Repurchases Under Equity Plans As of May 5, 2018 and February 3, 2018, the aggregate unpaid principal amount of the notes payable for share repurchases was $19.6 million and $19.4 million, respectively, which is included in other non-current obligations on the condensed consolidated balance sheets. During both the three months ended May 5, 2018 and April 29, 2017, the Company recorded interest expense on the outstanding notes of $0.2 million. Of the $19.6 million and $19.4 million notes payable for share repurchases outstanding as of May 5, 2018 and February 3, 2018, respectively, $15.5 million was due to a current board member of the Company.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	May 05, 2018
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 $8.0 million and $5.3 million during the three months ended May 5, 2018 and April 29, 2017, respectively. No stock-based compensation cost has been capitalized in the accompanying condensed consolidated financial statements. 2012 Stock Incentive Plan and 2012 Stock Option Plan As of May 5, 2018, 8,564,739 options were outstanding with a weighted-average exercise price of $50.66 per share and 6,295,895 options were vested with a weighted-average exercise price of $51.95 per share. The aggregate intrinsic value of options outstanding, options vested or expected to vest, and options exercisable as of May 5, 2018 was $429.8 million, $388.2 million, and $307.0 million, respectively. Stock options exercisable as of May 5, 2018 had a weighted-average remaining contractual life of 5.90 years. As of May 5, 2018, the total unrecognized compensation expense related to unvested options was $23.4 million, which is expected to be recognized on a straight-line basis over a weighted-average period of 2.86 years. As of May 5, 2018, the Company had 768,463 restricted stock units outstanding with a weighted-average grant date fair value of $52.81 per share. During the three months ended May 5, 2018, 30,615 restricted stock units vested with a weighted-average grant date and vest date fair value of $52.36 per share and $97.09 per share, respectively. As of May 5, 2018, there was $18.9 million of total unrecognized compensation expense related to unvested restricted stock and restricted stock units which is expected to be recognized over a weighted-average period of 2.81 years. Rollover Units In connection with the acquisition of Waterworks in May 2016, $1.5 million rollover units in the Waterworks subsidiary (the “Rollover Units”) were recorded as part of the transaction. The Rollover Units are subject to the terms of the Waterworks LLC agreement, including redemption rights at an amount equal to the greater of (i) the $1.5 million remitted as consideration in the business combination or (ii) an amount based on the percentage interest represented in the overall valuation of the Waterworks subsidiary (the “Appreciation Rights”). The Appreciation Rights are measured at fair value and are subject to fair value measurements during the expected life of the Rollover Units, with changes to fair value recorded in the condensed consolidated statements of operations. The fair value of the Appreciation Rights is determined based on an option pricing method (“OPM”). The Company did not record any expense related to the Appreciation Rights during the three months ended May 5, 2018 or April 29, 2017. As of both May 5, 2018 and February 3, 2018, the liability associated with the Rollover Units and related Appreciation Rights was $1.5 million, which is included in other non-current obligations on the condensed consolidated balance sheets. Profit Interests In connection with the acquisition of Waterworks in May 2016, profit interests units in the Waterworks subsidiary (the “Profit Interests”) were issued to certain Waterworks associates. The Profit Interests are measured at their grant date fair value and expensed on a straight-line basis over their expected life, or five years. The Profit Interests are subject to fair value measurements during their expected life, with changes to fair value recorded in the condensed consolidated statements of operations. The fair value of the Profit Interests is determined based on an OPM. For both the three months ended May 5, 2018 and April 29, 2017, the Company recorded $0.1 million related to the Profit Interests, which is included in selling, general and administrative expenses on the condensed consolidated statements of operations. As of May 5, 2018 and February 3, 2018, the liability associated with the Profit Interests was $0.8 million and $0.7 million, respectively, which is included in other non-current obligations on the condensed consolidated balance sheets.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	May 05, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 14—COMMITMENTS AND CONTINGENCIES Commitments The Company had no material off balance sheet commitments as of May 5, 2018. 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. When and to the extent that the Company does establish a reserve, there can be no assurance that any such recorded liability for estimated losses will be for the appropriate amount, and actual losses could be higher or lower than what the Company accrues from time to time. The Company believes that the ultimate resolution of its current matters will not have a material adverse effect on its condensed consolidated financial statements. Securities Class Action On February 2, 2017, City of Miami General Employees’ & Sanitation Employees’ Retirement Trust filed a class action complaint in the United States District Court, Northern District of California, against the Company, Gary Friedman, and Karen Boone. On March 16, 2017, Peter J. Errichiello, Jr. filed a similar class action complaint in the same forum and against the same parties. On April 26, 2017, the court consolidated the two actions. The consolidated action is captioned In re RH, Inc. Securities Litigation. An amended consolidated complaint was filed in June 2017 asserting claims under sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The complaint asserts claims purportedly on behalf of a class of purchasers of Company common stock from March 26, 2015 to June 8, 2016. The alleged misstatements relate to statements regarding the roll out of the RH Modern product line and the Company’s inventory levels. The complaint seeks class certification, monetary damages, and other appropriate relief, including an award of costs and attorneys’ fees. On February 26, 2018, the Court filed an order denying the Company’s motion to dismiss the complaint. While the outcome of litigation is inherently uncertain, the Company and its officers intend to vigorously defend the claims and believe the complaint lacks merit . Shareholder Derivative Lawsuit On April 24, 2018, purported Company shareholder David Magnani filed a purported shareholder derivative suit in the United States District Court, Northern District of California, captioned Magnani v. Friedman et al. (No. 18-cv-02452). The suit names the Company as nominal defendant and certain current and former directors and officers as individual defendants. The allegations in the complaint substantially track those in the securities class action described above. The plaintiff brings claims against all individual defendants under Section 14(a) of the Exchange Act, as well as claims for breach of fiduciary duty, unjust enrichment, and waste of corporate assets. The complaint also includes insider trading and misappropriation of information claims against two of the individual defendants. The complaint seeks monetary damages, corporate governance changes, restitution, and an award of costs and attorneys’ fees. The Company believes that the plaintiff lacks standing to bring this derivative action.

Segment Reporting

Segment Reporting	3 Months Ended
	May 05, 2018
Segment Reporting [Abstract]
Segment Reporting	NOTE 15—SEGMENT REPORTING The Company defines reportable and operating segments 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. As of May 5, 2018, the Company had two operating segments: RH Segment and Waterworks. The two operating segments include all sales channels accessed by the Company’s customers, including sales through catalogs, sales through the Company’s websites, sales through stores, and sales through the commercial channel . The Company’s two operating segments are strategic business units that offer products for the home furnishings customer. While RH Segment and Waterworks have a shared management team and customer base, the Company has determined that their results cannot be aggregated as they do not share similar economic characteristics, as well as due to other quantitative factors. The Company uses operating income to evaluate segment profitability. Operating income is defined as net income (loss) before interest expense—net and income taxes. Segment Information The following table presents the statements of operations metrics reviewed by the CODM to evaluate performance internally or as required under ASC 280— Segment Reporting (in thousands) Three Months Ended May 5, April 29, 2018 2017 RH Segment Waterworks Total RH Segment Waterworks Total Net revenues $ 526,007 $ 31,399 $ 557,406 $ 533,528 $ 28,552 $ 562,080 Gross profit 199,035 13,000 212,035 159,627 10,629 170,256 Depreciation and amortization 15,935 1,112 17,047 14,901 1,119 16,020 The following table presents the balance sheet metrics as required under ASC 280— Segment Reporting (in thousands) May 5, February 3, 2018 2018 RH Segment Waterworks Total RH Segment Waterworks Total Goodwill (1) $ 124,404 $ 17,445 $ 141,849 $ 124,448 $ 17,445 $ 141,893 Trademarks and domain names 48,563 52,100 100,663 48,563 52,100 100,663 Total assets 1,621,817 127,144 1,748,961 1,608,290 124,576 1,732,866 (1) The Waterworks reporting unit goodwill is presented net of an impairment charge of $33.7 million, which was recorded in fiscal 2017. The Company uses segment operating income to evaluate segment performance and allocate resources. Segment operating income excludes (i) The following table presents segment operating income (loss) and income (loss) before tax ( in thousands Three Months Ended May 5, April 29, 2018 2017 Operating income (loss): RH Segment $ 53,896 $ 10,058 Waterworks (516 ) (1,782 ) Distribution center closures 2,072 — Recall accrual 254 — Post-acquisition related legal costs (1,915 ) — Impact of inventory step-up (190 ) (1,380 ) Operating income 53,601 6,896 Interest expense—net 17,035 12,179 Income (loss) before tax $ 36,566 $ (5,283 ) The Company classifies its sales into furniture and non-furniture product lines. Furniture includes both indoor and outdoor furniture. Non-furniture includes lighting, textiles, fittings, fixtures, surfaces, accessories and home décor. Net revenues in each category were as follows ( in thousands Three Months Ended May 5, April 29, 2018 2017 Furniture $ 352,646 $ 352,956 Non-furniture 204,760 209,124 Total net revenues $ 557,406 $ 562,080 The Company is domiciled in the United States and primarily operates its retail and outlet stores in the United States. As of May 5, 2018, the Company operates 4 retail and 2 outlet stores in Canada and 1 retail store in the U.K. Revenues from Canadian and U.K. operations, and the long-lived assets in Canada and the U.K., are not material to the Company. Canada and U.K. geographic revenues are based upon revenues recognized at the retail store locations in the respective country. No single customer accounted for more than 10% of the Company’s revenues in the three months ended May 5, 2018 or April 29, 2017.

The Company (Policies)

The Company (Policies)	3 Months Ended
	May 05, 2018
Accounting Policies [Abstract]
Nature of Business	Nature of Business RH, 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 May 5, 2018, the Company operated a total of 84 retail Galleries and 32 outlet stores in 32 states, the District of Columbia and Canada, and includes 15 Waterworks showrooms in the United States and in the U.K., and had sourcing operations in Shanghai and Hong Kong.
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared from the Company’s records and, in management’s opinion, include all adjustments, consisting of normal recurring adjustments, necessary to fairly state the Company’s financial position as of May 5, 2018, and the results of operations for the three months ended May 5, 2018 and April 29, 2017. The Company’s current fiscal year, which consists of 52 weeks, ends on February 2, 2019 (“fiscal 2018”). Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted for purposes of these interim condensed consolidated financial statements. 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 February 3, 2018 (the “2017 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 financial position or consolidated results of operations, and did not have a material effect on the previously reported consolidated cash flows. The results of operations for the three months ended May 5, 2018 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 FASB and International Accounting Standards Board issued their converged accounting standards 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. Adoption and Accounting Policy The Company adopted Topic 606 on February 4, 2018 using the modified retrospective transition method and recorded a decrease to opening retained earnings of $21.0 million, inclusive of the tax impact. Results reported within the Company’s condensed consolidated financial statements for reporting periods beginning February 4, 2018 are presented under Topic 606 while prior periods are not adjusted and continue to be reported in accordance with the Company’s historic accounting under ASC 605 —Revenue Recognition (Topic 605) . Under Topic 606, changes were made to the recognition timing or classification of revenues and expenses for the following: Description Policy under Topic 605 Policy under Topic 606 Advertising expenses Costs associated with Source Books were capitalized and amortized over their expected period of future benefit. Expense was amortized based upon the ratio of actual revenues to the total of actual and estimated future revenues on an individual Source Book basis, generally over a twelve-month period after they were mailed. Costs associated with Source Books are expensed upon the delivery of the Source Books to the carrier. In the case of multiple printings of a Source Book, the creative costs will be expensed in full upon the initial delivery of Source Books to the carrier. Gift card breakage Recognized gift card breakage (amounts not expected to be redeemed) within selling, general and administrative expenses. Recognize gift card breakage within net revenues proportional to actual gift card redemptions. Membership revenue Annual fees for new memberships in the RH Members Program and renewals were recorded as deferred revenue when collected from customers and recognized as revenue on a straight-line basis over the twelve month membership period. Annual fees for new memberships in the RH Members Program are recorded as deferred revenue when collected from customers and recognized as revenue based on expected product revenues over the annual membership period, using historical trends of sales to members. RH Members Program renewal fees are recorded as deferred revenue when collected from customers and will continue to be recognized as revenue on a straight-line basis over the twelve month membership period. Revenue recognition Revenue for merchandise that is not delivered via the home-delivery channel was recognized upon delivery. Revenue for merchandise that is not delivered via the home-delivery channel will be recognized upon shipment. Allowance for sales returns Recognized an allowance for sales returns as a net liability within other current liabilities. Recognize an allowance for sales returns on a gross basis as a liability within other current liabilities and a right of return asset for merchandise within prepaid expense and other current assets. Advertising expenses — The adoption of Topic 606 materially impacts the timing of recognizing advertising expense related to direct response advertising, including costs associated with the Company’s Source Books. Under Topic 606, the Company will recognize expense associated with the Source Books upon the delivery of the Source Books to the carrier. In the case of multiple printings of a Source Book, the creative costs will be expensed in full upon the initial delivery of Source Books to the carrier. Prior to adoption of Topic 606, costs associated with Source Books were capitalized and amortized over their expected period of future benefit. Such amortization was based upon the ratio of actual revenues to the total of actual and estimated future revenues on an individual Source Book basis. Each Source Book was generally fully amortized within a twelve-month period after they were mailed and the majority of the amortization occurred within the first five to nine months, with the exception of the Holiday Source Books, which were generally fully amortized within a three-month period after they were mailed . Upon adoption of Topic 606, capitalized costs associated with Source Books of $37.8 million that had been delivered to the carrier prior to or on February 3, 2018 were reclassified to retained earnings on the consolidated balance sheets, resulting in a decrease to the opening retained earnings balance . Gift card breakage — Under Topic 606, the Company recognizes gift card breakage proportional to actual gift card redemptions and such breakage is recorded within net revenues on the condensed consolidated statements of operations. Gift card breakage was previously recorded as a reduction to selling, general and administrative expenses when the likelihood of redemption was remote. Upon adoption of Topic 606, gift card liabilities of $6.0 million were reclassified to retained earnings on the consolidated balance sheets , resulting in an increase to the opening retained earnings balance . Membership revenue — Under Topic 606, the annual fee for new memberships in the RH Members Program is recorded as deferred revenue when collected from customers and recognized as revenue based on expected product revenues over the annual membership period, using historical trends of sales to members. Prior to the adoption of Topic 606, new memberships were recorded as deferred revenue when collected from customers and recognized as revenue on a straight-line basis over the twelve month membership period. This will result in a majority of revenue being recognized during the first six months of the membership period. The adoption of Topic 606 will not have an impact on membership renewal fees, which will continue to be recognized as revenue on a straight-line basis over the twelve month membership period, until the Company has more information regarding membership renewal purchasing trends. Upon adoption of Topic 606, deferred membership revenue of $3.8 million was reclassified to retained earnings on the consolidated balance sheets, resulting in an increase to the opening retained earnings balance. Revenue recognition — Under Topic 606, the Company will continue to recognize revenue for merchandise delivered via the home-delivery channel upon delivery. Under Topic 606, revenue for merchandise delivered via all other delivery channels will be recognized upon shipment , whereas previously such revenue was recognized upon delivery . Upon adoption of Topic 606, deferred revenue (net of cost of goods sold) of $1.3 million was reclassified to retained earnings on the consolidated balance sheets , resulting in an increase to the opening retained earnings balance . The Company adopted the practical expedient related to shipping and handling activities. Under this option, in instances where revenue is recognized for the related merchandise prior to delivery to customers (i.e., revenue recognized upon shipment), the related costs of shipping and handling activities will be accrued for in the same period. Costs of shipping and handling continue to be included in cost of goods sold. Allowance for sales returns — In connection with adoption of Topic 606, the Company is required to recognize its allowance for sales returns on a gross basis rather than as a net liability. Upon adoption, this resulted in an increase to prepaid and other current assets (“right of return asset for merchandise”), with a corresponding increase to other current liabilities on the consolidated balance sheets, and did not impact the consolidated statements of operations. As of May 5, 2018, the right of return asset for merchandise was $5.3 million . Sales tax collection from customers — Under Topic 606, the Company has not changed its policy regarding sales tax collected from customers. Sales tax collected is not recognized as revenue but is included in accounts payable and accrued expenses on the consolidated balance sheets as it is ultimately remitted to governmental authorities. In connection with adoption of Topic 606, the Company recorded a $6.6 million tax adjustment associated with the charges listed above to retained earnings on the consolidated balance sheets, resulting in an increase to the opening retained earnings balance . Contract Liabilities The Company defers revenue associated with merchandise delivered via the home-delivery channel. As the Company recognizes revenue when the merchandise is delivered to our customers, it is included as deferred revenue on the consolidated balance sheets while in-transit. Customer deposits represent payments made by customers on custom orders. At the time of order placement the Company collects deposits for all custom orders equivalent to 50% of the purchase price. Custom order deposits are recognized as revenue when a customer obtains control of the merchandise. In addition, the Company collects annual membership fees related to the RH Members Program. New membership fees are recorded as deferred revenue when collected from customers and recognized as revenue based on expected product revenues over the annual membership period, using historical trends of sales to members. Membership renewal fees are recorded as deferred revenue when collected from customers and are recognized as revenue on a straight-line basis over the membership period, or one year. The Company expects that substantially all of the deferred revenue, customer deposits and deferred membership fees as of May 5, 2018 will be recognized within the next six months as the performance obligations are satisfied. In addition, the Company defers revenue when cash payments are received in advance of performance for unsatisfied obligations related to its gift cards and merchandise credits. Customer liabilities related to gift cards and merchandise credits was $17.7 million and $24.1 million as of May 5, 2018 and February 3, 2018, respectively. As discussed above, $6.0 million of the decrease was due to the reclassification of gift card liabilities to retained earnings upon adoption of Topic 606. During the three months ended May 5, 2018, the Company recognized $4.9 million of revenue related to previous deferrals related to its gift cards and merchandise credits and recorded gift card breakage of $0.4 million. The Company expects that approximately 70% of the remaining gift card and merchandise credit liabilities will be recognized when the gift cards are redeemed by customers. Disaggregated Revenue The Company recognizes revenue from its stores and direct sales channels. Stores net revenues represent sales originating in retail stores, including Waterworks showrooms, and outlet stores. Direct net revenues include sales through the Company’s Source Books, websites, and phone orders, including its Contract business and a portion of its Trade business. During the three months ended May 5, 2018, net revenues recognized from the stores and direct sales channels were $314.5 million and $242.9 million, respectively. Adoption Impact on Fiscal 2018 Results The following table summarizes the impact of adopting Topic 606 on the Company’s condensed consolidated statements of operations ( in thousands Three Months Ended May 5, 2018 As Reported Adjustments Balances without Adoption of Topic 606 Net revenues $ 557,406 $ (7,610 ) $ 549,796 Cost of goods sold 345,371 (2,988 ) 342,383 Gross profit 212,035 (4,622 ) 207,413 Selling, general and administrative expenses 158,434 3,803 162,237 Income from operations 53,601 (8,425 ) 45,176 Interest expense—net 17,035 — 17,035 Income before income taxes 36,566 (8,425 ) 28,141 Income tax expense 8,507 (1,950 ) 6,557 Net income $ 28,059 $ (6,475 ) $ 21,584 The following table summarizes the impact of adopting Topic 606 on certain line items of the Company’s condensed consolidated balance sheets ( in thousands As of May 5, 2018 As Reported Adjustments Balances without Adoption of Topic 606 Prepaid expense and other current assets $ 60,064 $ 27,652 $ 87,716 Deferred tax assets 30,014 (6,561 ) 23,453 Accounts payable and accrued expenses 264,173 (638 ) 263,535 Deferred revenue and customer deposits 172,379 9,463 181,842 Other current liabilities 59,944 (2,295 ) 57,649 Retained earnings 159,417 14,561 173,978 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, Cash Flow Classification In August 2016, the FASB issued Accounting Standards Update No. 2016-15—Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued Accounting Standards Update No. 2016-18—Statement of Cash Flows (Topic 230): Restricted Cash Income Taxes: Intra-Entity Asset Transfers In October 2016, the FASB issued Accounting Standards Update No. 2016-16—Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory Stock-Based Compensation In May 2017, the FASB issued Accounting Standards Update No. 2017-09—Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting . The new guidance clarifies when modification accounting should be applied for changes to terms or conditions of a share-based payment award. The new guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period, with early adoption permitted. The standard will be applied prospectively. The Company adopted this new accounting standard in the first quarter of fiscal 2018 and such adoption did not have an impact on its consolidated financial statements . Accounting for Leases In February 2016, the FASB issued Accounting Standards Update 2016-02—Leases,
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. When and to the extent that the Company does establish a reserve, there can be no assurance that any such recorded liability for estimated losses will be for the appropriate amount, and actual losses could be higher or lower than what the Company accrues from time to time. The Company believes that the ultimate resolution of its current matters will not have a material adverse effect on its condensed consolidated financial statements.

Recently Issued Accounting St23

Recently Issued Accounting Standards (Tables)	3 Months Ended
	May 05, 2018
Accounting Standards Update 2014-09 [Member]
Summary of Impact of Adopting Topic 606 Condensed Consolidated Statements of Operations and Balance Sheets	The following table summarizes the impact of adopting Topic 606 on the Company’s condensed consolidated statements of operations ( in thousands Three Months Ended May 5, 2018 As Reported Adjustments Balances without Adoption of Topic 606 Net revenues $ 557,406 $ (7,610 ) $ 549,796 Cost of goods sold 345,371 (2,988 ) 342,383 Gross profit 212,035 (4,622 ) 207,413 Selling, general and administrative expenses 158,434 3,803 162,237 Income from operations 53,601 (8,425 ) 45,176 Interest expense—net 17,035 — 17,035 Income before income taxes 36,566 (8,425 ) 28,141 Income tax expense 8,507 (1,950 ) 6,557 Net income $ 28,059 $ (6,475 ) $ 21,584 The following table summarizes the impact of adopting Topic 606 on certain line items of the Company’s condensed consolidated balance sheets ( in thousands As of May 5, 2018 As Reported Adjustments Balances without Adoption of Topic 606 Prepaid expense and other current assets $ 60,064 $ 27,652 $ 87,716 Deferred tax assets 30,014 (6,561 ) 23,453 Accounts payable and accrued expenses 264,173 (638 ) 263,535 Deferred revenue and customer deposits 172,379 9,463 181,842 Other current liabilities 59,944 (2,295 ) 57,649 Retained earnings 159,417 14,561 173,978

Prepaid Expense and Other Ass24

Prepaid Expense and Other Assets (Tables)	3 Months Ended
	May 05, 2018
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 May 5, February 3, 2018 2018 Vendor deposits $ 20,896 $ 9,701 Capitalized catalog costs 15,965 44,122 Right of return asset for merchandise 5,296 — Prepaid expense and other current assets 17,907 14,762 Total prepaid expense and other current assets $ 60,064 $ 68,585
Schedule of Other Non-Current Assets	Other non-current assets consist of the following ( in thousands May 5, February 3, 2018 2018 Deferred financing fees $ 4,194 $ 4,446 Construction related deposits 1,883 7,407 Other deposits 5,006 4,997 Other non-current assets 3,837 4,482 Total other non-current assets $ 14,920 $ 21,332

Goodwill and Trademarks and D25

Goodwill and Trademarks and Domain Names (Tables)	3 Months Ended
	May 05, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Trademarks and Domain Names Activity	The following sets forth the goodwill and trademarks and domain names activity for the RH Segment and Waterworks for the three months ended May 5, 2018 ( in thousands Foreign February 3, Currency May 5, 2018 Translation 2018 RH Segment Goodwill $ 124,448 $ (44 ) $ 124,404 Trademarks and domain names 48,563 — 48,563 Waterworks Goodwill (1) 17,445 — 17,445 Trademarks 52,100 — 52,100 (1) T he Waterworks reporting unit goodwill is presented net of an impairment charge of $33.7 million, which was recorded in fiscal 2017

Accounts Payable, Accrued Exp26

Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	May 05, 2018
Payables And Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following ( in thousands May 5, February 3, 2018 2018 Accounts payable $ 166,044 $ 195,313 Accrued compensation 31,250 47,534 Accrued freight and duty 18,219 23,757 Accrued sales taxes 17,674 19,525 Accrued occupancy 9,909 8,612 Accrued catalog costs 7,037 9,000 Accrued professional fees 2,960 3,555 Other accrued expenses 11,080 11,469 Total accounts payable and accrued expenses $ 264,173 $ 318,765
Schedule of Other Current Liabilities	Other current liabilities consist of the following ( in thousands May 5, February 3, 2018 2018 Allowance for sales returns $ 17,887 $ 10,565 Unredeemed gift card and merchandise credit liability 17,673 24,138 Federal and state tax payable 13,478 5,391 Current portion of non-current debt 6,080 6,033 Product recall reserves 1,029 1,201 Other current liabilities 3,797 3,838 Total other current liabilities $ 59,944 $ 51,166

Other Non-Current Obligations (

Other Non-Current Obligations (Tables)	3 Months Ended
	May 05, 2018
Other Liabilities Disclosure [Abstract]
Schedule of Other Non-Current Obligations	Other non-current obligations consist of the following ( in thousands May 5, February 3, 2018 2018 Notes payable for share repurchases $ 19,633 $ 19,390 Equipment security notes (1) 12,676 13,864 Promissory note (2) 11,285 11,627 Lease loss liabilities 8,344 9,684 Capital lease obligations—non-current 7,389 7,509 Deferred contract incentive (3) 4,762 5,358 Unrecognized tax benefits 3,764 3,728 Rollover units and profit interests (4) 2,317 2,211 Other non-current obligations 3,078 2,996 Total other non-current obligations $ 73,248 $ 76,367 (1) Represents the non-current portion of equipment security notes secured by certain of the Company’s distribution center property and equipment. (2) Represents the non-current portion of a promissory note secured by the Company’s aircraft. (3) Represents the non-current portion of an incentive payment received in relation to a 5-year service agreement. The amount will be amortized over the term of the agreement. (4) Represents rollover units and profit interests associated with the acquisition of Waterworks. Refer to Note 13 — Stock-Based Compensation

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	3 Months Ended
	May 05, 2018
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 May 5, February 3, 2018 2018 Liability component Principal $ 300,000 $ 300,000 Less: Debt discount (39,974 ) (44,135 ) Net carrying amount $ 260,026 $ 255,865 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 May 5, February 3, 2018 2018 Liability component Principal $ 350,000 $ 350,000 Less: Debt discount (17,268 ) (20,988 ) Net carrying amount $ 332,732 $ 329,012 Equity component (1) $ 70,482 $ 70,482 (1) Included in additional paid-in capital on the condensed consolidated balance sheets.

Credit Facilities (Tables)

Credit Facilities (Tables)	3 Months Ended
	May 05, 2018
Debt Disclosure [Abstract]
Schedule of Credit Facilities	The Company’s outstanding credit facilities were as follows ( in thousands May 5, February 3, 2018 2018 Outstanding Unamortized Debt Net Carrying Outstanding Unamortized Debt Net Carrying Amount Issuance Costs Amount Amount Issuance Costs Amount Asset based credit facility $ 219,000 $ — $ 219,000 $ 199,970 $ — $ 199,970 LILO term loan 80,000 (472 ) 79,528 80,000 (501 ) 79,499 Total credit facilities $ 299,000 $ (472 ) $ 298,528 $ 279,970 $ (501 ) $ 279,469

Fair Value of Financial Instr30

Fair Value of Financial Instruments (Tables)	3 Months Ended
	May 05, 2018
Fair Value Disclosures [Abstract]
Estimated Fair Value and Carrying Value of Notes	The estimated fair value and carrying value of the 2019 Notes and 2020 Notes were as follows ( in thousands May 5, February 3, 2018 2018 Fair Value Carrying Value (1) Fair Value Carrying Value (1) Convertible senior notes due 2019 $ 327,352 $ 332,732 $ 324,866 $ 329,012 Convertible senior notes due 2020 $ 261,653 $ 260,026 $ 261,047 $ 255,865 (1) Carrying value represents the principal amount less the equity component of the 2019 Notes and 2020 Notes classified in stockholders’ equity (deficit), and does not exclude the discounts upon original issuance, discounts and commissions payable to the initial purchasers and third party offering costs, as applicable.

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	3 Months Ended
	May 05, 2018
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 29, 2017, the weighted-average shares outstanding for basic and diluted are the same. Three Months Ended May 5, April 29, 2018 2017 Weighted-average shares—basic 21,545,025 37,609,516 Effect of dilutive stock-based awards 3,685,203 — Effect of dilutive convertible senior notes (1) — — Weighted-average shares—diluted 25,230,228 37,609,516 (1) The 2019 Notes and 2020 Notes will have an impact on the Company’s dilutive share count beginning at stock prices of $116.09 per share and $118.13 per share, respectively.
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 May 5, April 29, 2018 2017 Options 486,516 8,221,249 Restricted stock units 10,500 1,029,740 Total anti-dilutive stock-based awards 497,016 9,250,989

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	May 05, 2018
Segment Reporting [Abstract]
Summary of Statements of Operations Metrics Reviewed by CODM to Evaluate Performance Internally or As required under ASC 280 - Segment Reporting	The following table presents the statements of operations metrics reviewed by the CODM to evaluate performance internally or as required under ASC 280— Segment Reporting (in thousands) Three Months Ended May 5, April 29, 2018 2017 RH Segment Waterworks Total RH Segment Waterworks Total Net revenues $ 526,007 $ 31,399 $ 557,406 $ 533,528 $ 28,552 $ 562,080 Gross profit 199,035 13,000 212,035 159,627 10,629 170,256 Depreciation and amortization 15,935 1,112 17,047 14,901 1,119 16,020
Summary of Balance Sheet Metrics as Required Under ASC 280 - Segment Reporting	The following table presents the balance sheet metrics as required under ASC 280— Segment Reporting (in thousands) May 5, February 3, 2018 2018 RH Segment Waterworks Total RH Segment Waterworks Total Goodwill (1) $ 124,404 $ 17,445 $ 141,849 $ 124,448 $ 17,445 $ 141,893 Trademarks and domain names 48,563 52,100 100,663 48,563 52,100 100,663 Total assets 1,621,817 127,144 1,748,961 1,608,290 124,576 1,732,866 (1) The Waterworks reporting unit goodwill is presented net of an impairment charge of $33.7 million, which was recorded in fiscal 2017.
Schedule of Segment Operating Income (Loss) and Income (Loss) Before Tax	The following table presents segment operating income (loss) and income (loss) before tax ( in thousands Three Months Ended May 5, April 29, 2018 2017 Operating income (loss): RH Segment $ 53,896 $ 10,058 Waterworks (516 ) (1,782 ) Distribution center closures 2,072 — Recall accrual 254 — Post-acquisition related legal costs (1,915 ) — Impact of inventory step-up (190 ) (1,380 ) Operating income 53,601 6,896 Interest expense—net 17,035 12,179 Income (loss) before tax $ 36,566 $ (5,283 )
Net Revenues	Net revenues in each category were as follows ( in thousands Three Months Ended May 5, April 29, 2018 2017 Furniture $ 352,646 $ 352,956 Non-furniture 204,760 209,124 Total net revenues $ 557,406 $ 562,080

The Company - Additional Inform

The Company - Additional Information (Detail)	May 05, 2018GalleryStoreStateShowroom
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of retail Galleries | Gallery	84
Number of outlet stores | Store	32
Number of states | State	32
Number of waterworks showrooms | Showroom	15

Recently Issued Accounting St34

Recently Issued Accounting Standards - Additional Information (Detail) - USD ($) $ in Thousands	Feb. 04, 2018	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018	Jan. 28, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Gift card liabilities		$ 17,673		$ 24,138
Right of return for asset merchandise		$ 5,296
Customer deposits		50.00%
Revenue recognized on membership period		1 year
Deferred revenue, revenue recognized		$ 4,900
Gift card breakage		400
Net revenue recognized		557,406
Cash and cash equivalents and restricted cash equivalents		22,679	$ 99,370	25,314	$ 115,067
Stores [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net revenue recognized		314,500
Direct Sales [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net revenue recognized		$ 242,900
Deferred Revenue, Customer Deposits and Deferred Membership Fees [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Expected satisfied period for recognized of performance obligation		6 months
Gift Card and Merchandise Credit [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of remaining revenue recognized on gift card and merchandise credit		70.00%
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Right of return for asset merchandise		$ 5,300
Tax adjustment to retained earnings		6,600
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Decrease to cumulative effect adjustment of retained earnings	$ (21,000)
Capitalized catalog cost				$ 37,800
Gift card liabilities	6,000
Deferred membership revenue	3,800
Deferred revenue	$ 1,300
Net revenue recognized		$ (7,610)
Accounting Standards Update 2016-18 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cash and cash equivalents and restricted cash equivalents			19,200		$ 28,000
Increase in capital expenditures			$ 7,700

Recently Issued Accounting St35

Recently Issued Accounting Standards - Summary of Impact of Adopting Topic 606 Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net revenue recognized	$ 557,406
Cost of goods sold	345,371	$ 391,824
Gross profit	212,035	170,256
Selling, general and administrative expenses	158,434	163,360
Income from operations	53,601	6,896
Interest expense—net	17,035	12,179
Income before income taxes	36,566	(5,283)
Income tax expense (benefit)	8,507	(1,913)
Net income (loss)	28,059	$ (3,370)
Adjustments [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net revenue recognized	(7,610)
Cost of goods sold	(2,988)
Gross profit	(4,622)
Selling, general and administrative expenses	3,803
Income from operations	(8,425)
Income before income taxes	(8,425)
Income tax expense (benefit)	(1,950)
Net income (loss)	(6,475)
Balances without Adoption of Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net revenue recognized	549,796
Cost of goods sold	342,383
Gross profit	207,413
Selling, general and administrative expenses	162,237
Income from operations	45,176
Interest expense—net	17,035
Income before income taxes	28,141
Income tax expense (benefit)	6,557
Net income (loss)	$ 21,584

Recently Issued Accounting St36

Recently Issued Accounting Standards - Summary of Impact of Adopting Topic 606 Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Prepaid expense and other current assets	$ 60,064	$ 68,585
Deferred tax assets	30,014	23,311
Accounts payable and accrued expenses	264,173	318,765
Deferred revenue and customer deposits	172,379	149,404
Other current liabilities	59,944	51,166
Retained earnings	159,417	$ 152,394
Adjustments [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Prepaid expense and other current assets	27,652
Deferred tax assets	(6,561)
Accounts payable and accrued expenses	(638)
Deferred revenue and customer deposits	9,463
Other current liabilities	(2,295)
Retained earnings	14,561
Balances without Adoption of Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Prepaid expense and other current assets	87,716
Deferred tax assets	23,453
Accounts payable and accrued expenses	263,535
Deferred revenue and customer deposits	181,842
Other current liabilities	57,649
Retained earnings	$ 173,978

Prepaid Expense and Other Ass37

Prepaid Expense and Other Assets - Prepaid Expense and Other Current Assets (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Prepaid Expense And Other Assets Current [Abstract]
Vendor deposits	$ 20,896	$ 9,701
Capitalized catalog costs	15,965	44,122
Right of return asset for merchandise	5,296
Prepaid expense and other current assets	17,907	14,762
Total prepaid expense and other current assets	$ 60,064	$ 68,585

Prepaid Expense And Other Ass38

Prepaid Expense And Other Assets - Schedule of Other Non-Current Assets (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Other Assets Noncurrent [Abstract]
Deferred financing fees	$ 4,194	$ 4,446
Construction related deposits	1,883	7,407
Other deposits	5,006	4,997
Other non-current assets	3,837	4,482
Total other non-current assets	$ 14,920	$ 21,332

Goodwill and Trademarks and D39

Goodwill and Trademarks and Domain Names - Goodwill and Trademarks and Domain Names Activity (Detail) $ in Thousands	3 Months Ended
	May 05, 2018USD ($)
Indefinite Lived Intangible Assets By Major Class [Line Items]
Beginning Balance	$ 141,893
Ending Balance	141,849
Beginning Balance	100,663
Ending Balance	100,663
RH Segment [Member]
Indefinite Lived Intangible Assets By Major Class [Line Items]
Beginning Balance	124,448
Foreign Currency Translation	(44)
Ending Balance	124,404
Beginning Balance	48,563
Ending Balance	48,563
Waterworks [Member]
Indefinite Lived Intangible Assets By Major Class [Line Items]
Beginning Balance	17,445
Ending Balance	17,445
Beginning Balance	52,100
Ending Balance	$ 52,100

Goodwill and Trademarks and D40

Goodwill and Trademarks and Domain Names - Goodwill and Trademarks and Domain Names Activity (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Feb. 03, 2018USD ($)
Waterworks [Member]
Finite Lived Intangible Assets [Line Items]
Goodwill impairment charge	$ 33.7

Accounts Payable, Accrued Exp41

Accounts Payable, Accrued Expenses and Other Current Liabilities - Accounts Payable and Accrued Expenses (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Payables And Accruals [Abstract]
Accounts payable	$ 166,044	$ 195,313
Accrued compensation	31,250	47,534
Accrued freight and duty	18,219	23,757
Accrued sales taxes	17,674	19,525
Accrued occupancy	9,909	8,612
Accrued catalog costs	7,037	9,000
Accrued professional fees	2,960	3,555
Other accrued expenses	11,080	11,469
Total accounts payable and accrued expenses	$ 264,173	$ 318,765

Accounts Payable, Accrued Exp42

Accounts Payable, Accrued Expenses and Other Current Liabilities - Schedule of Other Current Liabilities (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Payables And Accruals [Abstract]
Allowance for sales returns	$ 17,887	$ 10,565
Unredeemed gift card and merchandise credit liability	17,673	24,138
Federal and state tax payable	13,478	5,391
Current portion of non-current debt	6,080	6,033
Product recall reserves	1,029	1,201
Other current liabilities	3,797	3,838
Total other current liabilities	$ 59,944	$ 51,166

Other Non-Current Obligations -

Other Non-Current Obligations - Schedule of Other Non-Current Obligations (Detail) - USD ($) $ in Thousands		May 05, 2018	Feb. 03, 2018
Other Liabilities Noncurrent [Abstract]
Notes payable for share repurchases		$ 19,633	$ 19,390
Equipment security notes	[1]	12,676	13,864
Promissory note	[2]	11,285	11,627
Lease loss liabilities		8,344	9,684
Capital lease obligations—non-current		7,389	7,509
Deferred contract incentive	[3]	4,762	5,358
Unrecognized tax benefits		3,764	3,728
Rollover units and profit interests	[4]	2,317	2,211
Other non-current obligations		3,078	2,996
Total other non-current obligations		$ 73,248	$ 76,367
[1]	Represents the non-current portion of equipment security notes secured by certain of the Company’s distribution center property and equipment.
[2]	Represents the non-current portion of a promissory note secured by the Company’s aircraft.
[3]	Represents the non-current portion of an incentive payment received in relation to a 5-year service agreement. The amount will be amortized over the term of the agreement.
[4]	Represents rollover units and profit interests associated with the acquisition of Waterworks. Refer to Note 13—Stock-Based Compensation.

Other Non-Current Obligations44

Other Non-Current Obligations - Schedule of Other Non-Current Obligations (Parenthetical) (Detail)	3 Months Ended
	May 05, 2018
Other Liabilities Noncurrent [Abstract]
Incentive payment service agreement period	5 years

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Detail)	1 Months Ended		3 Months Ended
	Jun. 30, 2015USD ($)dDerivative$ / shares$ / Derivativeshares	Jun. 30, 2014USD ($)dDerivative$ / shares$ / Derivativeshares	May 05, 2018USD ($)$ / shares	Apr. 29, 2017USD ($)	Feb. 03, 2018USD ($)	Jul. 31, 2015USD ($)
Debt Instrument [Line Items]
Amortization of debt discount			$ 7,881,000	$ 7,458,000
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		39,974,000		44,135,000
Third party offering costs	$ 2,300,000
Amortization of debt issuance costs			300,000	300,000
Amortization of debt discount			$ 4,200,000	3,900,000
Warrants sold to purchase common stock | shares	2,500,000
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	2,500,000
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 2.5 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 Bond Hedge and Warrant Transactions [Member] | Warrants Subject to Certain Adjustment Mechanisms [Member] | Maximum [Member]
Debt Instrument [Line Items]
Warrants sold to purchase common stock | shares	5,100,000
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 | d	30
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 | d	10
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		$ 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	$ 17,268,000		$ 20,988,000
Third party offering costs		$ 1,000,000
Amortization of debt issuance costs			200,000	200,000
Amortization of debt discount			$ 3,700,000	$ 3,600,000
Warrants sold to purchase common stock | shares		3,000,000
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 Bond Hedge and Warrant Transactions [Member] | Warrants Subject to Certain Adjustment Mechanisms [Member] | Maximum [Member]
Debt Instrument [Line Items]
Warrants sold to purchase common stock | shares		6,000,000
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 | d		30
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 | d		10
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	$ 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	May 05, 2018	Feb. 03, 2018	Jun. 30, 2015
Liability component
Principal	$ 300,000	$ 300,000
Less: Debt discount	(39,974)	(44,135)	$ (3,800)
Net carrying amount	260,026	255,865
Equity component	$ 84,003	$ 84,003

Convertible Senior Notes - Ca47

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	May 05, 2018	Feb. 03, 2018	Jun. 30, 2014
Liability component
Principal	$ 350,000	$ 350,000
Less: Debt discount	(17,268)	(20,988)	$ (4,400)
Net carrying amount	332,732	329,012
Equity component	$ 70,482	$ 70,482

Credit Facilities - Schedule of

Credit Facilities - Schedule of Credit Facilities (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Line Of Credit Facility [Line Items]
Credit facilities, Outstanding Amount	$ 299,000	$ 279,970
Credit facilities, Unamortized Debt Issuance Costs	(472)	(501)
Credit facilities, Net Carrying Amount	298,528	279,469
Asset Based Credit Facility [Member]
Line Of Credit Facility [Line Items]
Credit facilities, Outstanding Amount	219,000	199,970
Credit facilities, Net Carrying Amount	219,000	199,970
LILO Term Loan [Member]
Line Of Credit Facility [Line Items]
Credit facilities, Outstanding Amount	80,000	80,000
Credit facilities, Unamortized Debt Issuance Costs	(472)	(501)
Credit facilities, Net Carrying Amount	$ 79,528	$ 79,499

Credit Facilities - Additional

Credit Facilities - Additional Information (Detail) - USD ($)	Jun. 28, 2017	May 05, 2018	Feb. 03, 2018
Line Of Credit Facility [Line Items]
Revolving line of credit, interest rate description		Borrowings under the revolving line of credit and LILO term loan facility are subject to interest, at the borrowers’ option, at either the bank’s reference rate or LIBOR (or, in the case of the revolving line of credit, 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.
Outstanding revolving line of credit		$ 298,528,000	$ 279,469,000
Amounts outstanding under credit facilities		$ 299,000,000	279,970,000
Fixed charge coverage ratio covenant, percentage of borrowing base		10.00%
Incremental borrowing available after maintaining fixed charge coverage ratio		$ 92,200,000
Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Agreement, date		Jun. 28, 2017
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Availability under the revolving line of credit		$ 138,800,000
Outstanding revolving line of credit		219,000,000
Outstanding letters of credit		27,800,000
Revolving Credit Facility [Member] | Credit Agreement [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Availability under the revolving line of credit	$ 600,000,000
Revolving Credit Facility [Member] | Credit Agreement [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Line of credit	600,000,000
Revolving Credit Facility [Member] | Credit Agreement [Member] | Scenario, Plan Subject to Satisfaction of Conditions [Member]
Line Of Credit Facility [Line Items]
Increase in revolving line of credit	200,000,000
Revolving Credit Facility [Member] | Credit Agreement [Member] | Scenario, Plan Subject to Satisfaction of Conditions [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Line of credit	800,000,000
Revolving Credit Facility [Member] | Credit Agreement [Member] | Restoration Hardware Canada, Inc. [Member]
Line Of Credit Facility [Line Items]
Availability under the revolving line of credit	10,000,000
LILO Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Outstanding revolving line of credit		79,528,000	79,499,000
Amounts outstanding under credit facilities		$ 80,000,000	$ 80,000,000
LILO Term Loan Facility [Member] | Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 80,000,000

Fair Value of Financial Instr50

Fair Value of Financial Instruments - Estimated Fair Value and Carrying Value of 2019 and 2020 Notes (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Convertible Senior Notes Due 2019 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Convertible senior notes, Fair Value	$ 327,352	$ 324,866
Convertible senior notes, Carrying Value	332,732	329,012
Convertible Senior Notes Due 2020 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Convertible senior notes, Fair Value	261,653	261,047
Convertible senior notes, Carrying Value	$ 260,026	$ 255,865

Fair Value of Financial Instr51

Fair Value of Financial Instruments - Additional Information (Detail) - Estimated Fair Value [Member] $ in Millions	May 05, 2018USD ($)
Asset Based Credit Facility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Estimated fair values of term loan	$ 219
LILO Term Loan [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Estimated fair values of term loan	$ 80

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 8,507	$ (1,913)
Effective income tax rate	23.30%	36.20%
U.S. corporate income tax rate	21.00%		35.00%
Unrecognized tax benefits	$ 8,200		$ 8,200
Tax expense and the effective tax rate, if recognized	6,500		$ 6,500
Exposures related to unrecognized tax benefits	$ 400
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
	May 05, 2018	Apr. 29, 2017
Earnings Per Share [Abstract]
Weighted-average shares—basic	21,545,025	37,609,516
Effect of dilutive stock-based awards	3,685,203
Weighted-average shares—diluted	25,230,228	37,609,516

Net Income (Loss) Per Share -54

Net Income (Loss) Per Share - Schedule of Weighted-Average Shares Used for Net Income (Loss) per Share (Parenthetical) (Detail) - Common Stock [Member] - $ / shares	May 05, 2018	Jun. 30, 2015	Jun. 30, 2014
Convertible Senior Notes Due 2019 [Member]
Earnings Per Share Diluted [Line Items]
Conversion price per share	$ 116.09		$ 116.09
Convertible Senior Notes Due 2020 [Member]
Earnings Per Share Diluted [Line Items]
Conversion price per share	$ 118.13	$ 118.13

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
	May 05, 2018	Apr. 29, 2017
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	497,016	9,250,989
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	486,516	8,221,249
Restricted Stock Units [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	10,500	1,029,740

Share Repurchases - Additional

Share Repurchases - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018	Feb. 21, 2017
Equity Class Of Treasury Stock [Line Items]
Unpaid principal amount of notes payable for share repurchases	$ 19,633,000		$ 19,390,000
$300 Million Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Shares of common stock purchased under repurchase program, shares		7.8
Shares of common stock purchased at an average price per share under repurchase program		$ 38.24
Shares of common stock purchased under repurchase program		$ 300,000,000
Share Repurchases Under Equity Plans [Member]
Equity Class Of Treasury Stock [Line Items]
Unpaid principal amount of notes payable for share repurchases	19,600,000		19,400,000
Interest expense related to notes payable for share repurchases	200,000	$ 200,000
Board of Directors [Member] | Maximum [Member] | $300 Million Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program authorized amount				$ 300,000,000
Director [Member] | Share Repurchases Under Equity Plans [Member]
Equity Class Of Treasury Stock [Line Items]
Unpaid principal amount of notes payable for share repurchases	$ 15,500,000		$ 15,500,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)		3 Months Ended
		May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 7,997,000	$ 5,289,000
Stock-based compensation cost capitalized		0	0
Rollover units and profit interests	[1]	2,317,000		$ 2,211,000
Selling, general and administrative expenses		$ 158,434,000	163,360,000
Design Investors WW Acquisition Company, LLC [Member] | Profit Interests [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Profit interest expected life		5 years
Selling, general and administrative expenses		$ 100,000	100,000
Design Investors WW Acquisition Company, LLC [Member] | Profit Interests [Member] | Other Non-Current Obligations [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Liability associated with the profit interests		800,000		$ 700,000
Appreciation Rights [Member] | Design Investors WW Acquisition Company, LLC [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Rollover units and profit interests		1,500,000	1,500,000
Appreciation Rights [Member] | Design Investors WW Acquisition Company, LLC [Member] | Rollover Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 0	$ 0
2012 Stock Incentive Plan and 2012 Stock Option Plan [Member] | Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding shares		8,564,739
Options outstanding, weighted-average exercise price per share		$ 50.66
Numbers of options vested		6,295,895
Vested weighted-average exercise price per share		$ 51.95
Aggregate intrinsic value of options outstanding		$ 429,800,000
Aggregate intrinsic value of options vested or expected to vest		388,200,000
Aggregate intrinsic value of options exercisable		$ 307,000,000
Weighted-average remaining contractual life of options exercisable		5 years 10 months 24 days
Unrecognized compensation expense related to unvested options		$ 23,400,000
Unrecognized compensation expense with weighted-average period		2 years 10 months 9 days
2012 Stock Incentive Plan and 2012 Stock Option Plan [Member] | Restricted Stock And Restricted Stock Unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense with weighted-average period		2 years 9 months 21 days
Outstanding shares		768,463
Restricted stock awards outstanding with weighted-average grant date fair value per share		$ 52.81
Vested restricted stock unit		30,615
Vested weighted-average grant date fair value		$ 52.36
Vested weighted-average vest date fair value		$ 97.09
Unrecognized compensation expense related to unvested options		$ 18,900,000
[1]	Represents rollover units and profit interests associated with the acquisition of Waterworks. Refer to Note 13—Stock-Based Compensation.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	May 05, 2018USD ($)
Commitments And Contingencies Disclosure [Abstract]
Material off balance sheet commitments	$ 0

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	May 05, 2018StoreSegmentCustomer	Apr. 29, 2017Customer
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Number of outlet stores	32
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%
Canada [Member]
Segment Reporting Information [Line Items]
Number of retail stores	4
Number of outlet stores	2
U.K [Member]
Segment Reporting Information [Line Items]
Number of retail stores	1

Segment Reporting - Summary of

Segment Reporting - Summary of Statements of Operations Metrics Reviewed by CODM to Evaluate Performance Internally or As required under ASC 280 - Segment Reporting (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Segment Reporting Information [Line Items]
Net revenues	$ 557,406	$ 562,080
Gross profit	212,035	170,256
Depreciation and amortization	17,047	16,020
RH Segment [Member]
Segment Reporting Information [Line Items]
Net revenues	526,007	533,528
Gross profit	199,035	159,627
Depreciation and amortization	15,935	14,901
Waterworks [Member]
Segment Reporting Information [Line Items]
Net revenues	31,399	28,552
Gross profit	13,000	10,629
Depreciation and amortization	$ 1,112	$ 1,119

Segment Reporting - Summary o61

Segment Reporting - Summary of Balance Sheet Metrics as Required Under ASC 280 - Segment Reporting (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018
Segment Reporting Information [Line Items]
Goodwill	$ 141,849	$ 141,893
Trademarks and domain names	100,663	100,663
Total assets	1,748,961	1,732,866
RH Segment [Member]
Segment Reporting Information [Line Items]
Goodwill	124,404	124,448
Trademarks and domain names	48,563	48,563
Total assets	1,621,817	1,608,290
Waterworks [Member]
Segment Reporting Information [Line Items]
Goodwill	17,445	17,445
Trademarks and domain names	52,100	52,100
Total assets	$ 127,144	$ 124,576

Segment Reporting - Summary o62

Segment Reporting - Summary of Balance Sheet Metrics as Required Under ASC 280 - Segment Reporting (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Feb. 03, 2018USD ($)
Waterworks [Member]
Segment Reporting Information [Line Items]
Impairment charge to goodwill	$ 33.7

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Operating Income (Loss) and Income (Loss) Before Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Segment Reporting Information [Line Items]
Operating income (loss)	$ 53,601	$ 6,896
Distribution center closures	2,072
Recall accrual	254
Post-acquisition related legal costs	(1,915)
Impact of inventory step-up	(190)	(1,380)
Interest expense—net	17,035	12,179
Income (loss) before income taxes	36,566	(5,283)
Operating Segments [Member] | RH Segment [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	53,896	10,058
Operating Segments [Member] | Waterworks [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	$ (516)	$ (1,782)

Segment Reporting - Net Revenue

Segment Reporting - Net Revenues (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Segment Reporting Information [Line Items]
Total net revenues	$ 557,406	$ 562,080
Furniture [Member]
Segment Reporting Information [Line Items]
Total net revenues	352,646	352,956
Non-furniture [Member]
Segment Reporting Information [Line Items]
Total net revenues	$ 204,760	$ 209,124