Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2022 | |
Cover [Abstract] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Registrant Name | BJ's Wholesale Club Holdings, Inc. |
Entity Central Index Key | 0001531152 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 3 Months Ended | 8 Months Ended | 12 Months Ended | ||
Apr. 08, 2021 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure [Table] | |||||
Pay vs Performance [Table Text Block] | Pay versus performance The information below presents the relationship between the compensation of the company’s NEOs and certain performance measures in accordance with Item 402(v) of Regulation S-K (“Pay Versus Performance Table”). For a discussion of the company’s compensation programs and pay for performance philosophy, please refer to the section captioned “Compensation Discussion and Analysis,” above. Pay Versus Performance Table The information below presents the relationship between compensation actually paid (CAP) of the company’s NEOs and certain performance measures in accordance with Item 402(v) of Regulation S-K. Year (a) Summary Compensation Table total for first Principal Executive Officer (“PEO”) (1) (b) Compensation actually paid to first PEO (2) (c) Summary Compensation Table total for second PEO (1) (b) Compensation actually paid to second PEO (2) (c) Average Summary Compensation Table total for non-PEO NEOs (1) (d) Average compensation actually paid to Non-PEO NEOs (2) (e) Value of initial fixed $100 investment based on: Net income (millions) (h) Adjusted EBITDA (millions) (4) (i) Total shareholder return (f) Peer group total shareholder return (3) (g) 2022 $ 12,249,164 $ 23,888,302 $ 3,548,597 $ 6,422,497 $ 339.68 $ 121.44 $ 513 $ 914 2021 16,340,546 37,445,973 $ 21,626,020 $ 15,984,701 3,681,469 7,736,013 282.32 147.91 427 880 2020 16,157,250 20,079,361 4,171,404 10,557,454 205.03 140.50 421 857 (1) For 2022, the PEO is Mr. Eddy. For 2021, the first PEO is Mr. Eddy, who was appointed as president and chief executive officer on April 19, 2021. The second PEO is Mr. Delaney, who served as our PEO in 2020 and 2021 until he passed away unexpectedly on April 8, 2021. Our Non-PEO NEOs for the covered years are as follows: 2020 2021 2022 Bob Eddy Laura Felice Laura Felice Paul Cichocki Paul Cichocki Paul Cichocki Jeff Desroches Jeff Desroches Jeff Desroches Scott Kessler Bill Werner Scott Kessler Chris Baldwin In 2020, Mr. Eddy served as our executive vice president, chief financial and administrative officer. (2) The following adjustments relating to equity awards were made to total compensation for each year to determine CAP as computed in accordance with Item 402(v) of Regulation S-K: Year Summary Compensation Table total Total equity award adjustments Compensation actually paid First PEO (Mr. Eddy) 2022 $12,249,164 $11,639,138 $23,888,302 2021 16,340,546 21,105,427 37,445,973 Second PEO (Mr. Delaney) 2021 $21,626,020 ($5,641,319) $15,984,701 2020 16,157,250 3,922,111 20,079,361 Non-PEO NEOs 2022 $3,548,597 $2,873,901 $6,422,497 2021 3,681,469 4,054,544 7,736,013 2020 4,171,404 6,386,050 10,557,454 The total equity award adjustments for each applicable fiscal year are detailed below: Year Value of equity awards disclosed in the Summary Compensation Table Year end fair value of equity awards granted in the year and unvested Year-over-year change in fair value of outstanding and unvested equity awards Fair value as of vesting date of equity awards granted and vested in year Year-over-year change in fair value of equity awards granted in prior years that vested in the applicable year Fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year Total equity award adjustments First PEO (Mr. Eddy) 2022 ($6,999,976) $10,821,343 $6,335,049 $0 $1,482,721 $0 $11,639,138 2021 (10,999,934) 24,941,414 5,936,479 0 1,227,469 0 21,105,427 Second PEO (Mr. Delaney) 2021 ($21,275,695) $16,241,023 $0 $7,367,893 $518,726 ($8,493,266) ($5,641,319) 2020 (10,999,950) 10,724,526 3,187,226 0 1,010,308 0 3,922,111 Non-PEO NEOs 2022 ($1,699,914) $2,627,917 $1,295,559 $0 $650,339 $0 $2,873,901 2021 (1,924,914) 3,287,209 2,435,962 0 256,287 0 4,054,544 2020 (2,091,112) 3,824,892 3,434,367 0 1,217,903 0 6,386,050 The valuation methodologies used to calculate fair values for each measurement date do not materially differ from those used at the time of grant of each respective award. (3) Represents total shareholder return for the S&P 500 Retail Index. (4) Represents adjusted EBITDA, which is defined in the Compensation Discussion and Analysis section of this Proxy Statement. | ||||
Company Selected Measure Name | Adjusted EBITDA | ||||
Named Executive Officers, Footnote [Text Block] | (1) For 2022, the PEO is Mr. Eddy. For 2021, the first PEO is Mr. Eddy, who was appointed as president and chief executive officer on April 19, 2021. The second PEO is Mr. Delaney, who served as our PEO in 2020 and 2021 until he passed away unexpectedly on April 8, 2021. Our Non-PEO NEOs for the covered years are as follows: 2020 2021 2022 Bob Eddy Laura Felice Laura Felice Paul Cichocki Paul Cichocki Paul Cichocki Jeff Desroches Jeff Desroches Jeff Desroches Scott Kessler Bill Werner Scott Kessler Chris Baldwin In 2020, Mr. Eddy served as our executive vice president, chief financial and administrative officer. | ||||
Peer Group Issuers, Footnote [Text Block] | (3) Represents total shareholder return for the S&P 500 Retail Index. | ||||
Adjustment To PEO Compensation, Footnote [Text Block] | (2) The following adjustments relating to equity awards were made to total compensation for each year to determine CAP as computed in accordance with Item 402(v) of Regulation S-K: Year Summary Compensation Table total Total equity award adjustments Compensation actually paid First PEO (Mr. Eddy) 2022 $12,249,164 $11,639,138 $23,888,302 2021 16,340,546 21,105,427 37,445,973 Second PEO (Mr. Delaney) 2021 $21,626,020 ($5,641,319) $15,984,701 2020 16,157,250 3,922,111 20,079,361 Non-PEO NEOs 2022 $3,548,597 $2,873,901 $6,422,497 2021 3,681,469 4,054,544 7,736,013 2020 4,171,404 6,386,050 10,557,454 The total equity award adjustments for each applicable fiscal year are detailed below: Year Value of equity awards disclosed in the Summary Compensation Table Year end fair value of equity awards granted in the year and unvested Year-over-year change in fair value of outstanding and unvested equity awards Fair value as of vesting date of equity awards granted and vested in year Year-over-year change in fair value of equity awards granted in prior years that vested in the applicable year Fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year Total equity award adjustments First PEO (Mr. Eddy) 2022 ($6,999,976) $10,821,343 $6,335,049 $0 $1,482,721 $0 $11,639,138 2021 (10,999,934) 24,941,414 5,936,479 0 1,227,469 0 21,105,427 Second PEO (Mr. Delaney) 2021 ($21,275,695) $16,241,023 $0 $7,367,893 $518,726 ($8,493,266) ($5,641,319) 2020 (10,999,950) 10,724,526 3,187,226 0 1,010,308 0 3,922,111 Non-PEO NEOs 2022 ($1,699,914) $2,627,917 $1,295,559 $0 $650,339 $0 $2,873,901 2021 (1,924,914) 3,287,209 2,435,962 0 256,287 0 4,054,544 2020 (2,091,112) 3,824,892 3,434,367 0 1,217,903 0 6,386,050 The valuation methodologies used to calculate fair values for each measurement date do not materially differ from those used at the time of grant of each respective award. | ||||
Non-PEO NEO Average Total Compensation Amount | $ 3,548,597 | $ 3,681,469 | $ 4,171,404 | ||
Non-PEO NEO Average Compensation Actually Paid Amount | $ 6,422,497 | 7,736,013 | 10,557,454 | ||
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | (2) The following adjustments relating to equity awards were made to total compensation for each year to determine CAP as computed in accordance with Item 402(v) of Regulation S-K: Year Summary Compensation Table total Total equity award adjustments Compensation actually paid First PEO (Mr. Eddy) 2022 $12,249,164 $11,639,138 $23,888,302 2021 16,340,546 21,105,427 37,445,973 Second PEO (Mr. Delaney) 2021 $21,626,020 ($5,641,319) $15,984,701 2020 16,157,250 3,922,111 20,079,361 Non-PEO NEOs 2022 $3,548,597 $2,873,901 $6,422,497 2021 3,681,469 4,054,544 7,736,013 2020 4,171,404 6,386,050 10,557,454 The total equity award adjustments for each applicable fiscal year are detailed below: Year Value of equity awards disclosed in the Summary Compensation Table Year end fair value of equity awards granted in the year and unvested Year-over-year change in fair value of outstanding and unvested equity awards Fair value as of vesting date of equity awards granted and vested in year Year-over-year change in fair value of equity awards granted in prior years that vested in the applicable year Fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year Total equity award adjustments First PEO (Mr. Eddy) 2022 ($6,999,976) $10,821,343 $6,335,049 $0 $1,482,721 $0 $11,639,138 2021 (10,999,934) 24,941,414 5,936,479 0 1,227,469 0 21,105,427 Second PEO (Mr. Delaney) 2021 ($21,275,695) $16,241,023 $0 $7,367,893 $518,726 ($8,493,266) ($5,641,319) 2020 (10,999,950) 10,724,526 3,187,226 0 1,010,308 0 3,922,111 Non-PEO NEOs 2022 ($1,699,914) $2,627,917 $1,295,559 $0 $650,339 $0 $2,873,901 2021 (1,924,914) 3,287,209 2,435,962 0 256,287 0 4,054,544 2020 (2,091,112) 3,824,892 3,434,367 0 1,217,903 0 6,386,050 The valuation methodologies used to calculate fair values for each measurement date do not materially differ from those used at the time of grant of each respective award. | ||||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | Relationship between compensation actually paid and financial performance In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between the amounts disclosed in the Pay Versus Performance Table, above, as CAP to Total Shareholder Return, Peer Group Total Shareholder Return, GAAP Net Income and Adjusted EBITDA. | ||||
Compensation Actually Paid vs. Net Income [Text Block] | Relationship between compensation actually paid and financial performance In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between the amounts disclosed in the Pay Versus Performance Table, above, as CAP to Total Shareholder Return, Peer Group Total Shareholder Return, GAAP Net Income and Adjusted EBITDA. | ||||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | Relationship between compensation actually paid and financial performance In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between the amounts disclosed in the Pay Versus Performance Table, above, as CAP to Total Shareholder Return, Peer Group Total Shareholder Return, GAAP Net Income and Adjusted EBITDA. | ||||
Total Shareholder Return Vs Peer Group [Text Block] | Relationship between compensation actually paid and financial performance In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between the amounts disclosed in the Pay Versus Performance Table, above, as CAP to Total Shareholder Return, Peer Group Total Shareholder Return, GAAP Net Income and Adjusted EBITDA. | ||||
Tabular List [Table Text Block] | Tabular list of performance measures The following table lists the financial performance measures that the company considers to be the most important financial performance measures used by the company to link compensation actually paid to its NEOs for the most recently completed fiscal year to performance of the company. Adjusted EBITDA Comparable club sales Adjusted EPS | ||||
Total Shareholder Return Amount | $ 339.68 | 282.32 | 205.03 | ||
Peer Group Total Shareholder Return Amount | 121.44 | 147.91 | 140.5 | ||
Net Income (Loss) | $ 513,000,000 | $ 427,000,000 | $ 421,000,000 | ||
Company Selected Measure Amount | 914,000,000 | 880,000,000 | 857,000,000 | ||
PEO Name | Mr. Delaney | Mr. Eddy | Mr. Eddy | Mr. Delaney | |
Measure [Axis]: 1 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Adjusted EBITDA | ||||
Measure [Axis]: 2 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Comparable club sales | ||||
Measure [Axis]: 3 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Adjusted EPS | ||||
Mr. Eddy [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Total Compensation Amount | $ 12,249,164 | $ 16,340,546 | |||
PEO Actually Paid Compensation Amount | 23,888,302 | 37,445,973 | |||
Mr. Delaney [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Total Compensation Amount | 21,626,020 | $ 16,157,250 | |||
PEO Actually Paid Compensation Amount | 15,984,701 | 20,079,361 | |||
PEO [Member] | Mr. Eddy [Member] | Total Equity Award Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 11,639,138 | 21,105,427 | |||
PEO [Member] | Mr. Eddy [Member] | Value of Equity Awards Disclosed in the Summary Compensation Table [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (6,999,976) | (10,999,934) | |||
PEO [Member] | Mr. Eddy [Member] | Year End Fair Value of Equity Awards Granted in the Year and Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 10,821,343 | 24,941,414 | |||
PEO [Member] | Mr. Eddy [Member] | Year-Over-Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 6,335,049 | 5,936,479 | |||
PEO [Member] | Mr. Eddy [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 0 | 0 | |||
PEO [Member] | Mr. Eddy [Member] | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Applicable Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 1,482,721 | 1,227,469 | |||
PEO [Member] | Mr. Eddy [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 0 | 0 | |||
PEO [Member] | Mr. Delaney [Member] | Total Equity Award Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (5,641,319) | 3,922,111 | |||
PEO [Member] | Mr. Delaney [Member] | Value of Equity Awards Disclosed in the Summary Compensation Table [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (21,275,695) | (10,999,950) | |||
PEO [Member] | Mr. Delaney [Member] | Year End Fair Value of Equity Awards Granted in the Year and Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 16,241,023 | 10,724,526 | |||
PEO [Member] | Mr. Delaney [Member] | Year-Over-Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 0 | 3,187,226 | |||
PEO [Member] | Mr. Delaney [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 7,367,893 | 0 | |||
PEO [Member] | Mr. Delaney [Member] | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Applicable Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 518,726 | 1,010,308 | |||
PEO [Member] | Mr. Delaney [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (8,493,266) | 0 | |||
Non-PEO NEO [Member] | Total Equity Award Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 2,873,901 | 4,054,544 | 6,386,050 | ||
Non-PEO NEO [Member] | Value of Equity Awards Disclosed in the Summary Compensation Table [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (1,699,914) | (1,924,914) | (2,091,112) | ||
Non-PEO NEO [Member] | Year End Fair Value of Equity Awards Granted in the Year and Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 2,627,917 | 3,287,209 | 3,824,892 | ||
Non-PEO NEO [Member] | Year-Over-Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 1,295,559 | 2,435,962 | 3,434,367 | ||
Non-PEO NEO [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 0 | 0 | 0 | ||
Non-PEO NEO [Member] | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Applicable Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 650,339 | 256,287 | 1,217,903 | ||
Non-PEO NEO [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | $ 0 | $ 0 | $ 0 |