BJ's Wholesale Club (BJ) 10-Q 25 Nov 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Oct. 31, 2020	Nov. 20, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2020
Document Transition Report	false
Entity File Number	001-38559
Entity Registrant Name	BJ’S WHOLESALE CLUB HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-2936287
Entity Address, Address Line One	25 Research Drive
Entity Address, City or Town	Westborough,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01581
City Area Code	774
Local Phone Number	512-7400
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	BJ
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		137,280,410
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001531152
Current Fiscal Year End Date	--01-30

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Current assets:
Cash and cash equivalents	$ 46,116	$ 30,204	$ 29,968
Accounts receivable, net	188,413	206,353	185,983
Merchandise inventories	1,264,323	1,081,502	1,271,172
Prepaid expenses and other current assets	97,116	41,961	55,285
Total current assets	1,595,968	1,360,020	1,542,408
Operating lease right-of-use assets, net	2,034,742	2,060,059	2,067,626
Property and equipment:
Land and buildings	376,635	375,375	390,085
Leasehold costs and improvements	221,403	214,209	211,824
Furniture, fixtures and equipment	1,258,876	1,135,892	1,130,854
Construction in progress	43,382	51,741	53,244
Total property and equipment, gross	1,900,296	1,777,217	1,786,007
Less: accumulated depreciation and amortization	(1,131,038)	(1,017,009)	(1,010,348)
Total property and equipment, net	769,258	760,208	775,659
Goodwill	924,134	924,134	924,134
Intangibles, net	138,088	146,985	150,357
Other assets	20,094	18,374	17,897
Total assets	5,482,284	5,269,780	5,478,081
Current liabilities:
Current portion of long-term debt	260,000	343,377	449,377
Current portion of operating lease liabilities	131,025	123,751	121,961
Accounts payable	1,176,104	786,412	973,328
Accrued expenses and other current liabilities	643,309	547,876	507,141
Total current liabilities	2,210,438	1,801,416	2,051,807
Long-term operating lease liabilities	1,961,321	1,986,790	1,980,447
Long-term debt	845,696	1,337,308	1,339,700
Deferred income taxes	47,241	46,200	50,486
Other non-current liabilities	200,210	152,410	160,127
Commitments and Contingencies (see Note 7)
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred stock; par value $0.01; 5,000 shares authorized, and no shares issued or outstanding	0	0	0
Common stock, par value $0.01; 300,000 shares authorized, 143,199 shares issued and 137,263 outstanding at October 31, 2020; 140,723 shares issued and 137,298 outstanding at February 1, 2020; and 140,642 shares issued and 137,217 outstanding at November 2, 2019	1,432	1,407	1,406
Additional paid-in capital	814,376	773,618	766,050
Accumulated deficit	(391,221)	(716,369)	(758,131)
Accumulated other comprehensive loss	(26,124)	(26,586)	(27,397)
Treasury stock, at cost, 5,936 shares at October 31, 2020; 3,425 shares at February 1, 2020 and November 2, 2019	(181,085)	(86,414)	(86,414)
Total stockholders’ equity (deficit)	217,378	(54,344)	(104,486)
Total liabilities and stockholders’ equity (deficit)	$ 5,482,284	$ 5,269,780	$ 5,478,081

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0	0
Preferred stock, outstanding (in shares)	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, authorized (in shares)	300,000,000	300,000,000	300,000,000
Common stock, issued (in shares)	143,199,000	140,723,000	140,642,000
Common stock, outstanding (in shares)	137,263,000	137,298,000	137,217,000
Treasury stock, at cost (in shares)	5,936,000	3,425,000	3,425,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Total revenues	$ 3,731,669	$ 3,229,404	$ 11,483,404	$ 9,718,382
Cost of sales	2,988,397	2,611,758	9,247,042	7,913,820
Selling, general and administrative expenses	552,307	510,410	1,733,482	1,523,480
Pre-opening expense	610	6,304	5,180	10,727
Operating income	190,355	100,932	497,700	270,355
Interest expense, net	25,882	27,702	68,467	82,274
Income from continuing operations before income taxes	164,473	73,230	429,233	188,081
Provision for income taxes	41,590	18,034	103,940	42,507
Income from continuing operations	122,883	55,196	325,293	145,574
Loss from discontinued operations, net of income taxes	(87)	(104)	(145)	(161)
Net income	$ 122,796	$ 55,092	$ 325,148	$ 145,413
Income per share attributable to common stockholders—basic:
Income from continuing operations (in usd per share)	$ 0.90	$ 0.41	$ 2.39	$ 1.07
Loss from discontinued operations (in usd per share)	0	0	0	0
Net income (in usd per share)	0.90	0.41	2.39	1.07
Income per share attributable to common stockholders—diluted:
Income from continuing operations (in usd per share)	0.88	0.40	2.34	1.04
Loss from discontinued operations (in usd per share)	0	0	0	0
Net income (in usd per share)	$ 0.88	$ 0.40	$ 2.34	$ 1.04
Weighted average number of common shares outstanding:
Basic (in shares)	136,011,473	135,520,854	136,269,239	136,300,591
Diluted (in shares)	139,060,460	138,191,868	139,003,419	139,390,254
Other comprehensive income (loss):
Amounts reclassified from other comprehensive income, net of income tax benefit of $1,427	$ 3,670	$ 0	$ 3,670	$ 0
Unrealized gain (loss) on cash flow hedge, net of income tax benefit (provision)	5,856	(787)	(3,208)	(16,083)
Total other comprehensive income (loss)	9,526	(787)	462	(16,083)
Total comprehensive income	132,322	54,305	325,610	129,330
Product
Total revenues	3,646,723	3,152,887	11,236,403	9,493,795
Membership
Total revenues	$ 84,946	$ 76,517	$ 247,001	$ 224,587

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Income Statement [Abstract]
Amounts reclassified from other comprehensive income, income tax benefit	$ 1,427		$ 1,427
Unrealized gain (loss) on cash flow hedge, income tax (benefit) expense	$ (2,278)	$ 305	$ (1,246)	$ (6,253)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentAccumulated Deficit
Beginning balance (in shares) at Feb. 02, 2019		138,099				(782)
Beginning balance at Feb. 02, 2019	$ (202,084)	$ 1,381	$ 742,072	$ (915,113)	$ (11,315)	$ (19,109)	$ 11,569	$ 11,569
Total Stockholders’ Deficit
Net income	35,798			35,798
Unrealized loss on cash flow hedge, net of tax	(3,755)				(3,755)
Common stock issued under stock incentive plans (in shares)		1,737
Common stock issued under stock incentive plans		$ 17	(17)
Stock compensation expense	3,844		3,844
Net cash received on option exercises	6,319		6,319
Ending balance (in shares) at May. 04, 2019		139,836				(782)
Ending balance at May. 04, 2019	(148,309)	$ 1,398	752,218	(867,746)	(15,070)	$ (19,109)
Beginning balance (in shares) at Feb. 02, 2019		138,099				(782)
Beginning balance at Feb. 02, 2019	(202,084)	$ 1,381	742,072	(915,113)	(11,315)	$ (19,109)	$ 11,569	$ 11,569
Total Stockholders’ Deficit
Net income	145,413
Amounts reclassified from other comprehensive income, net of tax	0
Unrealized loss on cash flow hedge, net of tax	$ (16,083)
Ending balance (in shares) at Nov. 02, 2019	137,217	140,642				(3,425)
Ending balance at Nov. 02, 2019	$ (104,486)	$ 1,406	766,050	(758,131)	(27,397)	$ (86,414)
Beginning balance (in shares) at May. 04, 2019		139,836				(782)
Beginning balance at May. 04, 2019	(148,309)	$ 1,398	752,218	(867,746)	(15,070)	$ (19,109)
Total Stockholders’ Deficit
Net income	54,523			54,523
Unrealized loss on cash flow hedge, net of tax	(11,540)				(11,540)
Common stock issued under stock incentive plans (in shares)		312
Common stock issued under stock incentive plans		$ 4	(4)
Common stock issued under Employee Stock Purchase Plan (in shares)		37
Common stock issued under Employee Stock Purchase Plan (ESPP)	726		726
Stock compensation expense	4,952		4,952
Net cash received on option exercises	2,299		2,299
Treasury stock purchases (in shares)						(2,641)
Treasury stock purchases	(67,237)					$ (67,237)
Ending balance (in shares) at Aug. 03, 2019		140,185				(3,423)
Ending balance at Aug. 03, 2019	(164,586)	$ 1,402	760,191	(813,223)	(26,610)	$ (86,346)
Total Stockholders’ Deficit
Net income	55,092			55,092
Amounts reclassified from other comprehensive income, net of tax	0
Unrealized loss on cash flow hedge, net of tax	(787)				(787)
Common stock issued under stock incentive plans (in shares)		457
Common stock issued under stock incentive plans		$ 4	(4)
Stock compensation expense	5,188		5,188
Net cash received on option exercises	675		675
Treasury stock purchases (in shares)						(2)
Treasury stock purchases	$ (68)					$ (68)
Ending balance (in shares) at Nov. 02, 2019	137,217	140,642				(3,425)
Ending balance at Nov. 02, 2019	$ (104,486)	$ 1,406	766,050	(758,131)	(27,397)	$ (86,414)
Beginning balance (in shares) at Feb. 01, 2020	137,298	140,723				(3,425)
Beginning balance at Feb. 01, 2020	$ (54,344)	$ 1,407	773,618	(716,369)	(26,586)	$ (86,414)
Total Stockholders’ Deficit
Net income	95,734			95,734
Unrealized loss on cash flow hedge, net of tax	(13,942)				(13,942)
Common stock issued under stock incentive plans (in shares)		1,626
Common stock issued under stock incentive plans		$ 16	(16)
Stock compensation expense	5,514		5,514
Net cash received on option exercises	5,608		5,608
Treasury stock purchases (in shares)						(258)
Treasury stock purchases	(6,073)					$ (6,073)
Ending balance (in shares) at May. 02, 2020		142,349				(3,683)
Ending balance at May. 02, 2020	$ 32,497	$ 1,423	784,724	(620,635)	(40,528)	$ (92,487)
Beginning balance (in shares) at Feb. 01, 2020	137,298	140,723				(3,425)
Beginning balance at Feb. 01, 2020	$ (54,344)	$ 1,407	773,618	(716,369)	(26,586)	$ (86,414)
Total Stockholders’ Deficit
Net income	325,148
Amounts reclassified from other comprehensive income, net of tax	3,670
Unrealized loss on cash flow hedge, net of tax	$ (3,208)
Ending balance (in shares) at Oct. 31, 2020	137,263	143,199				(5,936)
Ending balance at Oct. 31, 2020	$ 217,378	$ 1,432	814,376	(391,221)	(26,124)	$ (181,085)
Beginning balance (in shares) at May. 02, 2020		142,349				(3,683)
Beginning balance at May. 02, 2020	32,497	$ 1,423	784,724	(620,635)	(40,528)	$ (92,487)
Total Stockholders’ Deficit
Net income	106,618			106,618
Unrealized loss on cash flow hedge, net of tax	4,878				4,878
Common stock issued under stock incentive plans (in shares)		246
Common stock issued under stock incentive plans		$ 3	(3)
Common stock issued under Employee Stock Purchase Plan (in shares)		58
Common stock issued under Employee Stock Purchase Plan (ESPP)	1,107	$ 1	1,106
Stock compensation expense	9,064		9,064
Net cash received on option exercises	3,397		3,397
Treasury stock purchases (in shares)						(1,047)
Treasury stock purchases	(38,460)					$ (38,460)
Ending balance (in shares) at Aug. 01, 2020		142,653				(4,730)
Ending balance at Aug. 01, 2020	119,101	$ 1,427	798,288	(514,017)	(35,650)	$ (130,947)
Total Stockholders’ Deficit
Net income	122,796			122,796
Amounts reclassified from other comprehensive income, net of tax	3,670				3,670
Unrealized loss on cash flow hedge, net of tax	5,856				5,856
Common stock issued under stock incentive plans (in shares)		546
Common stock issued under stock incentive plans		$ 5	(5)
Stock compensation expense	8,667		8,667
Net cash received on option exercises	7,426		7,426
Treasury stock purchases (in shares)						(1,206)
Treasury stock purchases	$ (50,138)					$ (50,138)
Ending balance (in shares) at Oct. 31, 2020	137,263	143,199				(5,936)
Ending balance at Oct. 31, 2020	$ 217,378	$ 1,432	$ 814,376	$ (391,221)	$ (26,124)	$ (181,085)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 325,148	$ 145,413
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	124,331	116,920
Amortization of debt issuance costs and accretion of original issue discount	3,470	3,969
Debt extinguishment charges	4,077	2,032
Other non-cash items, net	5,441	2,539
Stock-based compensation expense	23,245	13,984
Deferred income tax provision	2,289	14,846
Increase (decrease) in cash due to changes in:
Accounts receivable	17,940	8,317
Merchandise inventories	(182,821)	(218,866)
Prepaid expenses and other current assets	(16,964)	14,051
Other assets	(1,959)	(1,400)
Accounts payable	389,692	156,448
Accrued expenses	61,829	(35,004)
Other non-current liabilities	46,254	(1,727)
Net cash provided by operating activities	801,972	221,522
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment, net of disposals	(152,800)	(144,428)
Proceeds from sale leaseback transactions	25,893	0
Net cash used in investing activities	(126,907)	(144,428)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on long term debt	(3,297)	(11,533)
Paydown of First Lien Term Loan	(510,000)	(200,000)
Proceeds from ABL Facility	996,000	1,114,000
Payments on ABL Facility	(1,064,000)	(919,000)
Net cash received from stock option exercises	16,431	9,293
Net cash received from ESPP	1,107	726
Acquisition of treasury stock	(94,671)	(67,305)
Other financing activities	(723)	(453)
Net cash used in financing activities	(659,153)	(74,272)
Net increase in cash and cash equivalents	15,912	2,822
Cash and cash equivalents at beginning of period	30,204	27,146
Cash and cash equivalents at end of period	46,116	29,968
Supplemental cash flow information:
Interest paid	52,306	75,354
Income taxes paid	111,105	33,424
Non-cash financing and investing activities:
Lease liabilities arising from obtaining right-of-use assets	90,320	136,243
Property additions included in accrued expenses	$ 10,760	$ 20,255

Description of Business

Description of Business	9 Months Ended
	Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business BJ’s Wholesale Club Holdings, Inc. and its wholly owned subsidiaries is a leading warehouse club operator in the eastern United States. As of October 31, 2020, the Company op erated 219 warehouse clubs and 149 gas stations in 17 states . The Company follows, and reports based on the National Retail Federation’s fiscal calendar. The thirteen week periods ended October 31, 2020 and November 2, 2019 are referred to as the "third quarter of fiscal year 2020" and the "third quarter of fiscal year 2019," respectively. The novel coronavirus ("COVID-19") pandemic has severely impacted the economies of the U.S. and other countries around the world. In the preparation of these financial statements and related disclosures we have assessed the impact that COVID-19 has had on our estimates, assumptions and accounting policies and made additional disclosures, as necessary.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying interim financial statements of BJ’s Wholesale Club Holdings, Inc. are unaudited and, in the opinion of management, reflect all normal recurring adjustments considered necessary for a fair statement of the Company’s financial statements in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The consolidated balance sheet as of February 1, 2020 is derived from the audited consolidated balance sheet as of that date. The unaudited results of operations for the third quarter of fiscal year 2020 are not necessarily indicative of future results or results to be expected for fiscal year 2020. The Company’s business, in common with the business of retailers generally, is subject to seasonal influences. The Company’s sales and operating income have typically been highest in the fourth quarter holiday season and lowest in the first quarter of each fiscal year. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the fiscal year 2019, as filed with the Securities and Exchange Commission on March 19, 2020. Reclassification We adjusted the statement of cash flows for the first nine months of fiscal year 2019 to reclassify the change in book overdraft amounts into the accounts payable and accrued expenses line items, all within net cash provided by operating activities. Recently Adopted Accounting Pronouncements The accounting policies the Company follows are set forth in its audited financial statements for fiscal year 2019. There have been no material changes to these accounting policies, except as noted below for new accounting pronouncements adopted at the beginning of fiscal year 2020. Fair Value Measurement (ASU 2018-13) In August 2018, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2018-13 Changes to the Disclosure Requirements for Fair Value Measurement which updates the guidance to Fair Value Measurement (Topic 820). The updated guidance modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted ASU 2018-13 at the beginning of fiscal year 2020 on a prospective basis and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Intangibles-Goodwill and Other-Internal-Use Software (ASU 2018-15) In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) . The update related to accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The update allows entities who are customers in hosting arrangements that are service contracts to apply the existing internal-use software guidance to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The update specifies classification for capitalizing implementation costs and related amortization expense within the financial statements and requires additional disclosures. The updated guidance is effective for fiscal reporting periods, including interim reporting within those periods, beginning after December 15, 2019. The Company adopted this standard at the beginning of fiscal year 2020 on a prospective basis. The adoption of this standard did not have a material impact on the Company's consolidated financial statements. Goodwill Impairment (ASU 2017-04) In January 2017, the FASB issued ASU 2017-04, which provides amendments to Accounting Standards Codification 350, Intangibles - Goodwill and Other, to eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The Company adopted ASU 2017-04 at the beginning of fiscal year 2020 on a prospective basis and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Credit Losses (ASU 2016-13) In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). This new guidance changes how entities account for credit impairment for trade and other receivables, as well as for certain financial assets and other instruments. ASU 2016-13 replaces the current "incurred loss" model with an "expected loss" model. Under the "incurred loss" model, a loss (or allowance) is recognized only when an event has occurred (such as a payment delinquency) that causes the entity to believe that a loss is probable (i.e., that it has been "incurred"). Under the "expected loss" model, an entity recognizes a loss (or allowance) upon initial recognition of the asset that reflects all future events that will lead to a loss being realized, regardless of whether it is probable that the future event will occur. The "incurred loss" model considers past events and current conditions, while the "expected loss" model includes expectations for the future which have yet to occur. The Company adopted ASU 2016-13 at the beginning of fiscal year 2020 and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements Reference Rate Reform (ASU 2020-04) In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) , which provides optional expedients and exceptions to the current guidance on contract modifications and hedging relationships to ease the financial reporting burdens of the expected market transition from London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is currently evaluating the impact of the new guidance on the Company's consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Oct. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Performance Obligations The Company identifies each distinct performance obligation to transfer goods (or bundle of goods) or services. The Company recognizes revenue as it satisfies a performance obligation by transferring control of the goods or services to the customer. Merchandise sales—The Company recognizes sales of merchandise at clubs and gas stations when the customer takes possession of the goods and tenders payment. Sales of merchandise at the Company’s clubs and gas stations, excluding sales taxes, represented approxi mately 96% of the Company’s net sales and approximately 94% of the Company’s total revenues for the thirty-nine weeks ended October 31, 2020. Sales taxes are recorded as a liability at the point of sale. Revenue is recorded at the point of sale based on the transaction price on the shelf sign, net of any applicable discounts, sales taxes and expected refunds. For e-commerce sales, the Company recognizes sales when control of the merchandise is transferred to the customer, which is typically at the shipping point. BJ’s Perks Rewards and My BJ's Perks programs—The Company’s BJ’s Perks Rewards ® membership program allows participating members to earn 2% cash back, up to a maximum of $500 per year, on qualified purchases made at BJ’s. The Company also offers a co-branded credit card program, the My BJ’s Perks ® program, which allows My BJ's Perks ® Mastercard credit card holders to earn up to 5% cash back on eligible purchases made at BJ’s and up to 2% cash back on purchases made with the card outside of BJ’s. Cash back has been in the form of electronic awards issued in $10 increments that may be used online or in-club at the register and expire six months from the date issued. Earned awards may be redeemed on future purchases made at the Company. The Company recognizes revenue for earned awards when customers redeem such awards as part of a purchase at one of the Company’s clubs or the Company’s website. The Company accounts for these transactions as multiple element arrangements and allocates the transaction price to separate performance obligations using their relative fair values. The Company includes the fair value of award dollars earned in deferred revenue at the time the award dollars are earned. T his liability was $24.6 million at October 31, 2020, $26.7 million at February 1, 2020 and $27.8 million at November 2, 2019. Royalty revenue received in connection with the My BJ's Perks co-brand credit card program is variable consideration and is considered deferred until the card holder makes a purchase. The Company’s total deferred royalty revenue related to the outstanding My BJ’s Perks Rewards was $13.5 million, $14.8 million and $14.0 million at October 31, 2020, February 1, 2020 and November 2, 2019, respectively. The timing of revenue recognition of these awards dollars is driven by actual customer activities, such as redemptions and expirations. As of October 31, 2020, the Company expects to recognize $12.0 million of the deferred revenue in fiscal year 2020, and expects the remainder will be recognized in the years thereafter. Membership—The Company charges a membership fee to its customers. That fee allows customers to shop in the Company’s clubs, shop on the Company’s website and purchase gasoline at the Company’s gas stations for the duration of the membership, which is generally 12 months. Because the Company has the obligation to provide access to its clubs, website and gas stations for the duration of the membership term, the Company recognizes memb ership fees on a straight-line basis over the life of the membership. The Company’s deferred revenue related to membership fees was $151.2 million, $144.0 million and $135.8 million at October 31, 2020, February 1, 2020 and November 2, 2019, respectively. Gift Card Program—The Company sells BJ’s gift cards in both physical and digital format, which allow customers to redeem the card for future purchases equal to the amount of the original purchase price of the gift card. Revenue from gift card sales is recognized in proportion to its rate of gift card redemptions because the Company’s performance obligation to redeem the gift card for merchandise is satisfied when the gift card is redeemed. The Company also recognizes breakage in proportion to its rate of gift card redemptions. Deferred revenue related to gift cards was $9.0 million, $10.3 million and $9.1 million at October 31, 2020, February 1, 2020 and November 2, 2019, respectively. The Company recognized $9.2 million and $10.5 million of revenue from gift card redemptions in the third quarter of fiscal year 2020 and third quarter of fiscal year 2019, respectively. The Company recognized $28.7 million and $33.0 million of revenue from gift card redemptions in the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. Disaggregation of Revenue The Company’s club retail operations, which represent substantially all of its consolidated total revenues, are the Company’s only reportable segment. All the Company’s identifiable assets are in the United States. The Company does not have significant sales outside the United States, nor does any customer represent more than 10% of total revenues for any period presented. The following tables summarize the Company's percentage of net sales disaggregated by category: Thirteen Weeks Ended October 31, 2020 November 2, 2019 Grocery (1) 77% 74% General Merchandise & Services 13% 13% Gasoline and Other 10% 13% Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 Grocery (1) 78% 73% General Merchandise & Services 13% 13% Gasoline and Other 9% 14% (1) Grocery division includes the legacy perishables, edible grocery and non-edible grocery division.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Oct. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions One of the Company’s suppliers, Advantage Solutions Inc., is controlled by a related party of the Company. Advantage Solutions Inc. was a provider of in-club product demonstration and sampling services. Currently, the Company engages them from time to time to provide ancillary support services, including temporary club labor as needed. The Company incurred approximately $1.3 million and $10.2 million of costs payable to Advantage Solutions Inc. for services rendered during the thirteen weeks ended October 31, 2020 and November 2, 2019, respectively. The Company incurred approximately $13.5 million and $32.6 million of costs payable to Advantage Solutions Inc. for services rendered during the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. The demonstration and sampling service fees are fully funded by merchandise vendors who participate in the program. The Company believes the terms obtained or consideration paid or received, as applicable, in connection with the transactions were comparable to terms available or amounts that would be paid or received, as applicable, in arms’-length transactions with unrelated parties.

Debt and Credit Arrangements

Debt and Credit Arrangements	9 Months Ended
	Oct. 31, 2020
Debt Disclosure [Abstract]
Debt and Credit Arrangements	Debt and Credit Arrangements Debt consisted of the following (in thousands): October 31, February 1, November 2, ABL Facility $ 310,000 $ 378,000 $ 484,000 First Lien Term Loan 801,920 1,315,216 1,318,512 Unamortized debt discount and debt issuance cost (6,224) (12,531) (13,435) Less: current portion (260,000) (343,377) (449,377) Long-term debt $ 845,696 $ 1,337,308 $ 1,339,700 ABL Facility The ABL Facility is comprised of a $950.0 million revolving credit facility and a $50.0 million term loan. The ABL Facility is secured on a senior basis by certain "liquid assets" of the Company and secured on a junior basis by certain "fixed assets" of the Company. The $50.0 million term loan payment terms are restricted in that the term loan cannot be repaid unless all loans outstanding under the revolving credit facility are repaid, and once repaid, cannot be re-borrowed. The availability under the $950.0 million revolving credit facility is restricted based on eligible monthly merchandise inventories and receivables, as defined in the agreement governing the ABL Facility (the "ABL Facility Agreement"). As amended, interest on the revolving credit facility is calculated either at LIBOR plus a range of 125 to 175 basis points or a base rate plus a range of 25 to 75 basis points; and interest on the term loan is calculated at LIBOR plus a range of 200 to 250 basis points or a base rate plus a range of 100 to 150 basis points, in all cases based on excess availability. The applicable spread of LIBOR and base rate loans at all levels of excess availability steps down by 12.5 basis points upon achieving total net leverage of 3.00 to 1.00. The ABL Facility also provides a sub-facility for issuances of letters of credit subject to certain fees defined in the ABL Facility Agreement. The ABL Facility is subject to various commitment fees during the term of the facility based on utilization of the revolving credit facility, which is scheduled to mature on August 17, 2023. At October 31, 2020, there wa s $310.0 million outstanding in loans under the ABL Facilit y and $21.2 million in outstanding letters of credit. As of October 31, 2020, the interest rate on the revolving credit facility was 1.27%, and unused capacity was $670.8 million. At February 1, 2020, there was $378.0 million outstanding in loans under the ABL Facility and $17.5 million in outstanding letters of credit. As of February 1, 2020, the interest rate on the revolving credit facility was 2.78%, and unused capacity was $496.3 million. At November 2, 2019, there was $484.0 million outstanding in loans under the ABL Facility and $27.3 million in outstanding letters of credit. As of November 2, 2019, the interest rate on the revolving credit facility was 2.91%, and unused capacity was $488.7 million. First Lien Term Loan The Company's First Lien Term Loan matures on February 3, 2024. Voluntary prepayments are permitted. Principal payments must be made on the First Lien Term Loan pursuant to an annual excess cash flow calculation when the net leverage ratio exceeds 3.50 to 1.00. The First Lien Term Loan is subject to certain affirmative and negative covenants but no financial covenants. It is secured on a senior basis by certain "fixed assets" of the Company and on a junior basis by certain "liquid" assets of the Company. On November 1, 2019, the Company borrowed $200.0 million from the ABL Facility. The proceeds from the Company's borrowing were used to pay a portion of the principal amount due on the First Lien Term Loan. In connection with the payment, the Company expensed $2.0 million of previously capitalized deferred debt issuance costs and original issue discount. On January 29, 2020, the Company amended its First Lien Term Loan to reduce the applicable interest rates. As amended, the First Lien Term Loan had an initial principal amount of $1,315.2 million and interest is calculated either at LIBOR plus 225 basis points or a base rate plus 125 basis points, and provided for a 25 basis point step down in the interest rate upon the achievement of certain debt ratings upgrades, which were achieved in July, 2020. Total fees associated with the refinancing were approximately $1.7 million. The Company wrote-off $0.1 million of previously capitalized debt issuance costs and original issue discount and expensed $1.7 million of new third-party fees. On July 13, 2020, the Company paid $150.0 million of the principal amount due on the First Lien Term Loan. In connection with the payment, the Company expensed $1.3 million of previously capitalized deferred debt issuance costs and original issue discount. Due to the decrease in the principal amount due on the First Lien Term Loan, interest is now calculated at LIBOR plus 200 basis points. On October 30, 2020, the Company borrowed $260.0 million from the ABL Facility. The proceeds from the Company's borrowing as well as $100.0 million of the Company's cash and cash equivalents were used to pay $360.0 million of the principal amount due on the First Lien Term Loan. In connection with the payment, the Company expensed $2.8 million of previously capitalized deferred debt issuance costs and original issue discount. At October 31, 2020, there was $801.9 million outstanding on the First Lien Term Loan. At February 1, 2020, there was $1,315.2 million outstanding on the First Lien Term Loan. At November 2, 2019, there was $1,318.5 million outstanding on the First Lien Term Loa n. At October 31, 2020, the interest rate for the First Lien Term Loan was 2.15%. At February 1, 2020, the interest rate for the First Lien Term Loan was 3.90%. At November 2, 2019, the interest rate for the First Lien Term Loan was 4.67%.

Interest Expense, net

Interest Expense, net	9 Months Ended
	Oct. 31, 2020
Other Income and Expenses [Abstract]
Interest Expense, net	Interest Expense, net The following details the components of interest expense for the periods presented (in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Interest on debt $ 15,915 $ 23,741 $ 52,860 $ 74,439 Interest on capital lease and financing obligations 972 624 2,971 1,883 Debt issuance costs amortization 629 696 1,934 2,087 Original issue discount amortization 477 627 1,535 1,882 Loss on debt extinguishment 2,794 2,032 4,077 2,032 Loss on cash flow hedge 5,097 — 5,097 — Capitalized interest (2) (18) (7) (49) Interest expense, net $ 25,882 $ 27,702 $ 68,467 $ 82,274

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe Company is involved in various legal proceedings that are typical of a retail business. In accordance with applicable accounting guidance, an accrual will be established for legal proceedings if and when those matters present loss contingencies that are both probable and estimable. The Company does not believe the resolution of any current proceedings will result in a material loss to the consolidated financial statements.

Stock Incentive Plans

Stock Incentive Plans	9 Months Ended
	Oct. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Incentive Plans	Stock Incentive Plans On June 13, 2018, the Company’s board of directors adopted, and its stockholders approved, the BJ's Wholesale Club Holdings, Inc. 2018 Incentive Award Plan (the "2018 Plan"). The 2018 Plan provides for the grant of stock options, restricted stock, dividend equivalents, stock payments, restricted stock units, performance shares, other incentive awards, stock appreciation rights, and cash awards. Prior to the adoption of the 2018 Plan, the Company granted stock-based compensation to employees and non-employee directors, respectively, under the Fourth Amended and Restated 2011 Stock Option Plan of BJ's Wholesale Club, Inc. (f/k/a Beacon Holding Inc.), as amended (the "2011 Plan"), and the 2012 Director Stock Option Plan of BJ’s Wholesale Club Holdings, Inc. (f/k/a Beacon Holding, Inc.), as amended (the "2012 Director Plan"). No further grants will be made under the 2011 Plan or the 2012 Director Plan. The 2018 Plan authorizes the issuance of 13,148,058 shares, including 985,369 shares that were reserved but not issued under the 2011 Plan and the 2012 Director Plan. If an award under the 2018 Plan, 2011 Plan or 2012 Director Plan is forfeited, expires or is settled for cash, any shares subject to such award may, to the extent of such forfeiture, expiration or cash settlement, be used again for new grants under the 2018 Plan. Additionally, shares tendered or withheld to satisfy grant or exercise price, or tax withholding obligations associated with an award under the 2018 Plan, the 2011 Plan or the 2012 Director Plan will be added to the shares authorized for grant under the 2018 Plan. The following shares may not be used again for grant under the 2018 Plan: (1) shares subject to a stock appreciation right ("SAR") that are not issued in connection with the stock settlement of the SAR upon its exercise and (2) shares purchased on the open market with the cash proceeds from the exercise of options under the 2018 Plan, 2011 Plan or 2012 Director Plan. As of October 31, 2020, t here were 5,893,480 sha res available for future issuance under the 2018 Plan. The following table summarizes the Company’s stock award activity during the thirteen weeks ended October 31, 2020 (shares in thousands): Stock Options Restricted Stock Restricted Stock Performance Stock Shares Weighted Shares Weighted Shares Weighted Shares Weighted Outstanding, February 1, 2020 5,213 $ 14.00 1,445 $ 25.22 30 $ 25.83 — $ — Granted 441 25.07 711 25.65 31 33.38 527 23.96 Forfeited/canceled (91) 21.78 (95) 24.45 — — — — Exercised/vested (1,769) 9.57 (544) 30.75 (32) 34.54 — — Outstanding, October 31, 2020 3,794 $ 17.17 1,517 $ 25.65 29 $ 34.54 527 $ 23.96 Stock-based compensation expense was $8.7 million and $5.2 million for the thirteen weeks ended October 31, 2020 and November 2, 2019, respectively. Stock-based compensation expense was $23.2 million and $14.0 million for the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. On June 14, 2018, the Company’s board of directors adopted and its stockholders approved the BJ's Wholesale Club Holdings, Inc. Employee Stock Purchase Plan (the "ESPP"), which became effective the day prior to the first day of public trading of the Company’s equity securities. The aggregate number of shares of common stock that were to be reserved for issuance under the ESPP was to be equal to the sum of (i) 973,014 shares and (ii) an annual increase on the first day of each calendar year beginning in 2019 and ending in 2028 equal to the lesser of (A) 486,507 shares, (B) 0.5% of the shares outstanding (on an as converted basis) on the last day of the immediately preceding fiscal year and (C) such smaller number of shares as determined by the board of directors. The offering under the ESPP commenced on January 1, 2019. The ESPP has two six month offering periods each year, the first beginning in January and ending in June and the second beginning in July and ending in December. As of October 31, 2020 , 1,799,409 sha res remained available for issuance. The amount of expense recognized for the thirteen weeks ended October 31, 2020 and November 2, 2019 was $0.2 million and $0.1 million, respectively. T he amount of expense recognized for the thirty-nine weeks ended October 31, 2020 and November 2, 2019 was $0.5 million and $0.3 million, respectively. Treasury Shares Acquired On June 27, 2019, the Company completed the CVC June 2019 Secondary Offering of 9,977,024 shares of the Company's common stock and, in connection with the offering, the Company repurchased 2,500,000 shares of common stock at a price of $25.41 per share. These repurchased shares are being held in treasury. In addition, 6,727 shares were reacquired to satisfy employees’ tax withholding obligations upon the vesting of restricted stock awards in the thirteen weeks ended October 31, 2020 and 2,575 shares were reacquired in the thirteen weeks ended November 2, 2019. These reacquired shares were recorded as $0.1 million of treasury stock for each of the thirteen weeks ended October 31, 2020 and November 2, 2019. In addition, 211,995 shares were reacquired to satisfy employees’ tax withholding obligations upon the vesting of restricted stock awards in the thirty-nine weeks ended October 31, 2020 and 143,205 shares were reacquired in the thirty-nine weeks ended November 2, 2019. These reacquired shares were recorded as $6.5 million and $3.8 million of treasury stock for the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. Share Repurchase Program On December 19, 2019, the Company's board of directors authorized the repurchase of up to $250.0 million of the Company's outstanding common stock from time to time as market conditions warrant (the "Program"). The Program expires at the end of fiscal year 2021. The Company initiated the Program to mitigate potentially dilutive effects of stock options and shares of restricted stock granted by the Company, in addition to enhancing shareholder value. As of October 31, 2020, $161.9 million remained available to purchase under the Program. The Company repurchased 1,200,000 shares for $50.0 million during the thirteen weeks ended October 31, 2020. The Company repurchased 2,299,282 shares for $88.1 million during the thirty-nine weeks ended October 31, 2020.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate is based on estimated income from continuing operations for the fiscal year as well as discrete adjustments, if any, in the applicable quarterly periods. The Company projects the estimated annual effective tax rate for fiscal 2020 year to be 27.1%, excluding the tax effect of discrete events, such as excess tax benefits from stock-based compensation, changes in tax legislation, settlements of tax audits and changes in uncertain tax positions, among others. The Company’s effective income tax rate from continuing operations was 25.3% and 24.6% for the thirteen weeks ended October 31, 2020 and November 2, 2019, respectively; and 24.2% and 22.6% for the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. The increase in the effective tax rate for the third quarter of fiscal year 2020, compared to the third quarter of fiscal year 2019, is due primarily to higher income in the third quarter of fiscal year 2020, which resulted in a reduced benefit to the rate from the excess tax benefit for stock-based compensation. We are subject to taxation in the U.S. federal and various state taxing jurisdictions. In general, the Company’s tax years from 2015 forward remain open and subject to examination by the Internal Revenue Service and various state taxing authorities; however, certain ongoing state audits and appeals relate to periods prior to 2015.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date or “exit price.” The inputs used to measure fair value are generally classified into the following hierarchy: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not observable for the asset or liability. Level 3: Unobservable inputs for the asset or liability. Assets and Liabilities Measured at Fair Value on a Recurring Basis The fair values of the Company’s derivative instruments are based on quotes received from third-party banks and represent the estimated amount the Company would pay to terminate the agreements taking into consideration current interest rates as well as the creditworthiness of the counterparties. These inputs are considered to be Level 2. Financial Assets and Liabilities The gross carrying amount and fair value of the Company’s debt at October 31, 2020 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 801,920 $ 788,800 ABL Facility 310,000 310,000 Total Debt $ 1,111,920 $ 1,098,800 The gross carrying amount and fair value of the Company’s debt at February 1, 2020 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 1,315,216 $ 1,319,990 ABL Facility 378,000 378,000 Total Debt $ 1,693,216 $ 1,697,990 The gross carrying amount and fair value of the Company’s debt at November 2, 2019 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 1,318,512 $ 1,318,288 ABL Facility 484,000 484,000 Total Debt $ 1,802,512 $ 1,802,288 The fair value of debt was based on quoted market prices and on borrowing rates available to the Company as of October 31, 2020 , February 1, 2020 and November 2, 2019. These inputs are considered to be Level 2. Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The Company measures certain non-financial assets and liabilities, including long-lived assets, at fair value on a non-recurring basis. The Company believes that the carrying amounts of its other financial instruments, including cash, accounts receivable, and accounts payable, approximates their carrying value due to the short-term maturities of these instruments.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average common shares outstanding for the thirteen and thirty-nine weeks ended October 31, 2020 and November 2, 2019: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Weighted-average common shares outstanding, used for basic computation 136,011,473 135,520,854 136,269,239 136,300,591 Plus: Incremental shares of potentially dilutive securities 3,048,987 2,671,014 2,734,180 3,089,663 Weighted-average number of common and dilutive potential common shares outstanding 139,060,460 138,191,868 139,003,419 139,390,254 No stock options were excluded from the computation of diluted earnings for the thirteen weeks ended October 31, 2020. 1,252 restricted shares were excluded from the computation of diluted earnings for the thirteen weeks ended October 31, 2020 because their inclusion would have been anti-dilutive. 368,554 and 260,503 stock options and restricted shares, respectively, were excluded from the computation of diluted earnings for the thirty-nine weeks ended October 31, 2020 because their inclusion would have been anti-dilutive. Similarly, 740,655 and 553,986 stock options and restricted shares, respectively, were excluded from the computation of diluted earnings for the thirteen weeks ended November 2, 2019. 589,145 and 434,375 stock options and restricted shares, respectively, were excluded from the computation of diluted earnings for the thirty-nine weeks ended November 2, 2019.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Oct. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Interest Rate Swaps On November 13, 2018, the Company entered into three forward starting interest rate swaps (the "Interest Rate Swaps"), which became effective on February 13, 2019. The Company fixed the LIBOR component of $1.2 billion of its floating rate debt at a rate of approximately 3.0% from February 13, 2019 to February 13, 2022. On October 30, 2020, the Company borrowed $260.0 million from the ABL Facility. The proceeds from the Company's borrowing, as well as $100.0 million of the Company's cash and cash equivalents, were used to pay $360.0 million of the principal amount due on the First Lien Term Loan. Due to the payment of debt principal on the First Lien Term Loan, the Company determined that certain interest payments are no longer probable and that a portion of one of the interest rate swap agreements would be ineffective as a result of the payment of debt principal, and as such reclassified $5.1 million of losses recorded in other comprehensive income to interest expense. At October 31, 2020, February 1, 2020, and November 2, 2019, the Interest Rate Swaps were recorded as a liabi lity of $45.3 million , $40.0 million an d $42.4 million , respectively, with the net of tax amount recorded in other comprehensive loss. The Company elected hedge accounting for the interest rate swap agreements, and as such, the effective portion of the losses was recorded as a component of other comprehensive loss. As of October 31, 2020, the interest rate swap agreement with a notional amount of $240.0 million is no longer designated for hedge accounting, future changes in its fair value will be recognized in earnings. There were $8.1 million of gains and $1.1 million of losses recorded in other comprehensive loss for the thirteen weeks ended October 31, 2020 and November 2, 2019, respectively. There wer e $4.5 million and $22.3 million of losses recorded in other comprehensive loss for the thirty-nine weeks ended October 31, 2020 and November 2, 2019, respectively. The fair values of derivative instruments included on the consolidated balance sheets are as follows (in thousands): Fair Value at Accounting for cash flow hedges Notional Amount Fixed Rate Balance Sheet Classification October 31, 2020 February 1, November 2, 2019 Interest rate swap $ 600,000 3.00 % Other non-current liabilities $ (22,670) $ (20,035) $ (21,200) Interest rate swap 360,000 3.00 % Other non-current liabilities (13,587) (11,997) (12,694) Interest rate swap 240,000 3.00 % Other non-current liabilities (9,061) (8,003) (8,468) Net carrying amount $ 1,200,000 Total liabilities $ (45,318) $ (40,035) $ (42,362)

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 10, 2020, the Company terminated the interest swap agreement with a notional amount of $360.0 million, and paid the swap agreement counterpart y $13.1 million.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim financial statements of BJ’s Wholesale Club Holdings, Inc. are unaudited and, in the opinion of management, reflect all normal recurring adjustments considered necessary for a fair statement of the Company’s financial statements in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The consolidated balance sheet as of February 1, 2020 is derived from the audited consolidated balance sheet as of that date. The unaudited results of operations for the third quarter of fiscal year 2020 are not necessarily indicative of future results or results to be expected for fiscal year 2020. The Company’s business, in common with the business of retailers generally, is subject to seasonal influences. The Company’s sales and operating income have typically been highest in the fourth quarter holiday season and lowest in the first quarter of each fiscal year.
Reclassification	ReclassificationWe adjusted the statement of cash flows for the first nine months of fiscal year 2019 to reclassify the change in book overdraft amounts into the accounts payable and accrued expenses line items, all within net cash provided by operating activities.
Recently Adopted and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements The accounting policies the Company follows are set forth in its audited financial statements for fiscal year 2019. There have been no material changes to these accounting policies, except as noted below for new accounting pronouncements adopted at the beginning of fiscal year 2020. Fair Value Measurement (ASU 2018-13) In August 2018, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2018-13 Changes to the Disclosure Requirements for Fair Value Measurement which updates the guidance to Fair Value Measurement (Topic 820). The updated guidance modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted ASU 2018-13 at the beginning of fiscal year 2020 on a prospective basis and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Intangibles-Goodwill and Other-Internal-Use Software (ASU 2018-15) In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) . The update related to accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The update allows entities who are customers in hosting arrangements that are service contracts to apply the existing internal-use software guidance to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. The update specifies classification for capitalizing implementation costs and related amortization expense within the financial statements and requires additional disclosures. The updated guidance is effective for fiscal reporting periods, including interim reporting within those periods, beginning after December 15, 2019. The Company adopted this standard at the beginning of fiscal year 2020 on a prospective basis. The adoption of this standard did not have a material impact on the Company's consolidated financial statements. Goodwill Impairment (ASU 2017-04) In January 2017, the FASB issued ASU 2017-04, which provides amendments to Accounting Standards Codification 350, Intangibles - Goodwill and Other, to eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The Company adopted ASU 2017-04 at the beginning of fiscal year 2020 on a prospective basis and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Credit Losses (ASU 2016-13) In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). This new guidance changes how entities account for credit impairment for trade and other receivables, as well as for certain financial assets and other instruments. ASU 2016-13 replaces the current "incurred loss" model with an "expected loss" model. Under the "incurred loss" model, a loss (or allowance) is recognized only when an event has occurred (such as a payment delinquency) that causes the entity to believe that a loss is probable (i.e., that it has been "incurred"). Under the "expected loss" model, an entity recognizes a loss (or allowance) upon initial recognition of the asset that reflects all future events that will lead to a loss being realized, regardless of whether it is probable that the future event will occur. The "incurred loss" model considers past events and current conditions, while the "expected loss" model includes expectations for the future which have yet to occur. The Company adopted ASU 2016-13 at the beginning of fiscal year 2020 and the adoption of this standard did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements Reference Rate Reform (ASU 2020-04) In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) , which provides optional expedients and exceptions to the current guidance on contract modifications and hedging relationships to ease the financial reporting burdens of the expected market transition from London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is currently evaluating the impact of the new guidance on the Company's consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Oct. 31, 2020
Revenue from Contract with Customer [Abstract]
Percentage of Net Sales Disaggregated by Category	The following tables summarize the Company's percentage of net sales disaggregated by category: Thirteen Weeks Ended October 31, 2020 November 2, 2019 Grocery (1) 77% 74% General Merchandise & Services 13% 13% Gasoline and Other 10% 13% Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 Grocery (1) 78% 73% General Merchandise & Services 13% 13% Gasoline and Other 9% 14% (1) Grocery division includes the legacy perishables, edible grocery and non-edible grocery division.

Debt and Credit Arrangements (T

Debt and Credit Arrangements (Tables)	9 Months Ended
	Oct. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Debt consisted of the following (in thousands): October 31, February 1, November 2, ABL Facility $ 310,000 $ 378,000 $ 484,000 First Lien Term Loan 801,920 1,315,216 1,318,512 Unamortized debt discount and debt issuance cost (6,224) (12,531) (13,435) Less: current portion (260,000) (343,377) (449,377) Long-term debt $ 845,696 $ 1,337,308 $ 1,339,700

Interest Expense, net (Tables)

Interest Expense, net (Tables)	9 Months Ended
	Oct. 31, 2020
Other Income and Expenses [Abstract]
Summary of Interest Expense	The following details the components of interest expense for the periods presented (in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Interest on debt $ 15,915 $ 23,741 $ 52,860 $ 74,439 Interest on capital lease and financing obligations 972 624 2,971 1,883 Debt issuance costs amortization 629 696 1,934 2,087 Original issue discount amortization 477 627 1,535 1,882 Loss on debt extinguishment 2,794 2,032 4,077 2,032 Loss on cash flow hedge 5,097 — 5,097 — Capitalized interest (2) (18) (7) (49) Interest expense, net $ 25,882 $ 27,702 $ 68,467 $ 82,274

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	9 Months Ended
	Oct. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Company's Stock Award Activity	The following table summarizes the Company’s stock award activity during the thirteen weeks ended October 31, 2020 (shares in thousands): Stock Options Restricted Stock Restricted Stock Performance Stock Shares Weighted Shares Weighted Shares Weighted Shares Weighted Outstanding, February 1, 2020 5,213 $ 14.00 1,445 $ 25.22 30 $ 25.83 — $ — Granted 441 25.07 711 25.65 31 33.38 527 23.96 Forfeited/canceled (91) 21.78 (95) 24.45 — — — — Exercised/vested (1,769) 9.57 (544) 30.75 (32) 34.54 — — Outstanding, October 31, 2020 3,794 $ 17.17 1,517 $ 25.65 29 $ 34.54 527 $ 23.96

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [Abstract]
Carrying Amount and Fair Value of Debt	The gross carrying amount and fair value of the Company’s debt at October 31, 2020 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 801,920 $ 788,800 ABL Facility 310,000 310,000 Total Debt $ 1,111,920 $ 1,098,800 The gross carrying amount and fair value of the Company’s debt at February 1, 2020 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 1,315,216 $ 1,319,990 ABL Facility 378,000 378,000 Total Debt $ 1,693,216 $ 1,697,990 The gross carrying amount and fair value of the Company’s debt at November 2, 2019 are as follows (in thousands): Carrying Amount Fair Value First Lien Term Loan $ 1,318,512 $ 1,318,288 ABL Facility 484,000 484,000 Total Debt $ 1,802,512 $ 1,802,288

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 31, 2020
Earnings Per Share [Abstract]
Summary of Basic and Diluted Net Income Per Share Attributable to Common Stockholders	The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average common shares outstanding for the thirteen and thirty-nine weeks ended October 31, 2020 and November 2, 2019: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Weighted-average common shares outstanding, used for basic computation 136,011,473 135,520,854 136,269,239 136,300,591 Plus: Incremental shares of potentially dilutive securities 3,048,987 2,671,014 2,734,180 3,089,663 Weighted-average number of common and dilutive potential common shares outstanding 139,060,460 138,191,868 139,003,419 139,390,254

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Oct. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values of Derivative Instruments	The fair values of derivative instruments included on the consolidated balance sheets are as follows (in thousands): Fair Value at Accounting for cash flow hedges Notional Amount Fixed Rate Balance Sheet Classification October 31, 2020 February 1, November 2, 2019 Interest rate swap $ 600,000 3.00 % Other non-current liabilities $ (22,670) $ (20,035) $ (21,200) Interest rate swap 360,000 3.00 % Other non-current liabilities (13,587) (11,997) (12,694) Interest rate swap 240,000 3.00 % Other non-current liabilities (9,061) (8,003) (8,468) Net carrying amount $ 1,200,000 Total liabilities $ (45,318) $ (40,035) $ (42,362)

Description of Business (Detail

Description of Business (Detail) - Oct. 31, 2020	warehouse_club	gas_station	state
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of facilities operated	219	149
Number of states with operations			17

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Oct. 31, 2020USD ($)	Nov. 02, 2019USD ($)	Oct. 31, 2020USD ($)segment	Nov. 02, 2019USD ($)	Feb. 01, 2020USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Percentage of cash back earned			2.00%
Maximum annual cash back amount			$ 500
Cash back in form of electronic awards issued			$ 10
Cash back in form of electronic awards issued, expiration period			6 months
Club membership term			12 months
Revenue recognized	$ 3,731,669,000	$ 3,229,404,000	$ 11,483,404,000	$ 9,718,382,000
Number of reportable segments | segment			1
My BJ's Perks Mastercard
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Percentage of cash back earned			5.00%
Card outside of BJ's
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Percentage of cash back earned			2.00%
BJ's Perks Rewards - earned awards
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenue	24,600,000	27,800,000	$ 24,600,000	27,800,000	$ 26,700,000
BJ's Perks Rewards - royalty revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenue	13,500,000	14,000,000	13,500,000	14,000,000	14,800,000
Membership
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenue	151,200,000	135,800,000	151,200,000	135,800,000	144,000,000
Revenue recognized	84,946,000	76,517,000	247,001,000	224,587,000
Gift card programs
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenue	9,000,000	9,100,000	9,000,000	9,100,000	$ 10,300,000
Revenue recognized	$ 9,200,000	$ 10,500,000	$ 28,700,000	$ 33,000,000
Net sales | Revenue from rights concentration risk
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Concentration risk percentage			96.00%
Total revenues | Revenue from rights concentration risk
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Concentration risk percentage			94.00%

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligations (Details) - BJ's Perks Rewards - royalty revenue - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-01 $ in Millions	Oct. 31, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 12
Revenue expected to be recognized, period	3 months

Revenue Recognition - Summary o

Revenue Recognition - Summary of Disaggregation of Revenue (Detail)	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Grocery
Disaggregation of Revenue [Line Items]
Revenue recognized (as a percent)	77.00%	74.00%	78.00%	73.00%
General Merchandise & Services
Disaggregation of Revenue [Line Items]
Revenue recognized (as a percent)	13.00%	13.00%	13.00%	13.00%
Gasoline and Other
Disaggregation of Revenue [Line Items]
Revenue recognized (as a percent)	10.00%	13.00%	9.00%	14.00%

Related Party Transactions (Det

Related Party Transactions (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Advantage Solutions Inc.
Related Party Transaction [Line Items]
Costs for services rendered	$ 1.3	$ 10.2	$ 13.5	$ 32.6

Debt and Credit Arrangements -

Debt and Credit Arrangements - Schedule of Debt (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Debt Instrument [Line Items]
Unamortized debt discount and debt issuance cost	$ (6,224)	$ (12,531)	$ (13,435)
Less: current portion	(260,000)	(343,377)	(449,377)
Long-term debt	845,696	1,337,308	1,339,700
ABL Facility
Debt Instrument [Line Items]
Long-term debt, gross	310,000	378,000	484,000
First Lien Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 801,920	$ 1,315,216	$ 1,318,512

Debt and Credit Arrangements _2

Debt and Credit Arrangements - Additional Information (Detail)	Oct. 30, 2020USD ($)	Jul. 13, 2020USD ($)	Jan. 29, 2020USD ($)	Nov. 01, 2019USD ($)	Oct. 31, 2020USD ($)	Nov. 02, 2019USD ($)	Feb. 01, 2020USD ($)
Debt Instrument [Line Items]
Proceeds from ABL Facility	$ 260,000,000				$ 996,000,000	$ 1,114,000,000
Write-off of deferred debt issuance cost	2,800,000
Paydown of First Lien Term Loan	$ 360,000,000				$ 510,000,000	200,000,000
ABL Facility
Debt Instrument [Line Items]
Debt instrument, decrease in basis spread upon achievement of net leverage ratio threshold					0.125%
Debt instrument, net leverage ratio threshold for interest rate adjustment					3
Outstanding debt					$ 310,000,000	484,000,000	$ 378,000,000
Outstanding letter of credit					21,200,000	$ 27,300,000	$ 17,500,000
Proceeds from ABL Facility				$ 200,000,000
ABL Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing capacity					$ 950,000,000
Interest rate at end of period					1.27%	2.91%	2.78%
Borrowing availability					$ 670,800,000	$ 488,700,000	$ 496,300,000
ABL Facility | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					1.25%
ABL Facility | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					1.75%
ABL Facility | Revolving Credit Facility | Base rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					0.25%
ABL Facility | Revolving Credit Facility | Base rate | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					0.75%
ABL Facility | Term Loan
Debt Instrument [Line Items]
Borrowing capacity					$ 50,000,000
ABL Facility | Term Loan | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					2.00%
ABL Facility | Term Loan | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					2.50%
ABL Facility | Term Loan | Base rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					1.00%
ABL Facility | Term Loan | Base rate | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					1.50%
First Lien Term Loan
Debt Instrument [Line Items]
Borrowing capacity			$ 1,315,200,000
Debt instrument, net leverage ratio threshold for interest rate adjustment					3.50
Outstanding debt					$ 801,920,000	$ 1,318,512,000	$ 1,315,216,000
Interest rate at end of period					2.15%	4.67%	3.90%
Write-off of deferred debt issuance cost		$ 1,300,000	$ 100,000	$ 2,000,000
Step down in interest rate upon achievement of certain debt rating upgrades			0.0025
Refinancing and third-party fees			$ 1,700,000
Paydown of First Lien Term Loan		$ 150,000,000
First Lien Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.00%	2.25%
First Lien Term Loan | Base rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.25%

Interest Expense, net (Detail)

Interest Expense, net (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Other Income and Expenses [Abstract]
Interest on debt	$ 15,915	$ 23,741	$ 52,860	$ 74,439
Interest on capital lease and financing obligations	972	624	2,971	1,883
Debt issuance costs amortization	629	696	1,934	2,087
Original issue discount amortization	477	627	1,535	1,882
Loss on debt extinguishment	2,794	2,032	4,077	2,032
Loss on cash flow hedge	5,097	0	5,097	0
Capitalized interest	(2)	(18)	(7)	(49)
Interest expense, net	$ 25,882	$ 27,702	$ 68,467	$ 82,274

Stock Incentive Plans - Additio

Stock Incentive Plans - Additional Information (Detail)	Jun. 27, 2019$ / sharesshares	Oct. 31, 2020USD ($)shares	Aug. 01, 2020USD ($)	May 02, 2020USD ($)	Nov. 02, 2019USD ($)shares	Aug. 03, 2019USD ($)	Oct. 31, 2020USD ($)offeringPeriodshares	Nov. 02, 2019USD ($)shares	Feb. 01, 2020shares	Dec. 19, 2019USD ($)	Jun. 14, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		300,000,000			300,000,000		300,000,000	300,000,000	300,000,000
Stock-based compensation expense | $		$ 8,700,000			$ 5,200,000		$ 23,200,000	$ 14,000,000
Common stock repurchases (in dollars per share) | $ / shares	$ 25.41
Shares reacquired to satisfy tax withholding (in shares)		6,727			2,575		211,995	143,205
Shares reacquired to satisfy tax withholding, value | $					$ 100,000		$ 6,500,000	$ 3,800,000
Share repurchase program, amount authorized for repurchase | $										$ 250,000,000
Share repurchase program, remaining amount authorized for repurchase | $		$ 161,900,000					$ 161,900,000
Common stock repurchases | $		$ 50,138,000	$ 38,460,000	$ 6,073,000	68,000	$ 67,237,000
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued (in shares)	9,977,024
Treasury Stock, Common
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock repurchases (in shares)	2,500,000	1,200,000					2,299,282
Common stock repurchases | $		$ 50,000,000					$ 88,100,000
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		13,148,058					13,148,058
Number of shares reserved and not issued (in shares)		5,893,480					5,893,480
2011 Plan and the 2012 Director Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved and not issued (in shares)		985,369					985,369
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved and not issued (in shares)		1,799,409					1,799,409				973,014
Stock-based compensation expense | $		$ 200,000			$ 100,000		$ 500,000	$ 300,000
Annual increase in number of shares reserved for issuance (in shares)											486,507
Annual increase in number of shares reserved for issuance, percent of shares outstanding											0.50%
Number of offering periods | offeringPeriod							2
Offering period							6 months

Stock Incentive Plans - Schedul

Stock Incentive Plans - Schedule of Company's Stock Award Activity (Detail) shares in Thousands	9 Months Ended
	Oct. 31, 2020$ / sharesshares
Stock Options
Stock Options, Shares
Outstanding, beginning balance (in shares) | shares	5,213
Granted (in shares) | shares	441
Forfeited/canceled (in shares) | shares	(91)
Exercised/vested (in shares) | shares	(1,769)
Outstanding, ending balance (in shares) | shares	3,794
Stock Options, Weighted Average Exercise Price
Outstanding, beginning balance (in dollar per share) | $ / shares	$ 14
Granted (in dollar per share) | $ / shares	25.07
Forfeited/canceled (in dollar per share) | $ / shares	21.78
Exercised/vested (in dollar per share) | $ / shares	9.57
Outstanding, ending balance (in dollar per share) | $ / shares	$ 17.17
Restricted Stock
Other Awards, Shares
Outstanding, beginning balance (in shares) | shares	1,445
Granted (in shares) | shares	711
Forfeited/canceled (in shares) | shares	(95)
Exercised/vested (in shares) | shares	(544)
Outstanding, ending balance (in shares) | shares	1,517
Other Awards, Weighted Average Grant Date Fair Value
Outstanding, beginning balance (in dollar per share) | $ / shares	$ 25.22
Granted (in dollar per share) | $ / shares	25.65
Forfeited/canceled (in dollar per share) | $ / shares	24.45
Exercised/vested (in dollar per share) | $ / shares	30.75
Outstanding, ending balance (in dollar per share) | $ / shares	$ 25.65
Restricted Stock Units
Other Awards, Shares
Outstanding, beginning balance (in shares) | shares	30
Granted (in shares) | shares	31
Forfeited/canceled (in shares) | shares	0
Exercised/vested (in shares) | shares	(32)
Outstanding, ending balance (in shares) | shares	29
Other Awards, Weighted Average Grant Date Fair Value
Outstanding, beginning balance (in dollar per share) | $ / shares	$ 25.83
Granted (in dollar per share) | $ / shares	33.38
Forfeited/canceled (in dollar per share) | $ / shares	0
Exercised/vested (in dollar per share) | $ / shares	34.54
Outstanding, ending balance (in dollar per share) | $ / shares	$ 34.54
Performance Stock
Other Awards, Shares
Outstanding, beginning balance (in shares) | shares	0
Granted (in shares) | shares	527
Forfeited/canceled (in shares) | shares	0
Exercised/vested (in shares) | shares	0
Outstanding, ending balance (in shares) | shares	527
Other Awards, Weighted Average Grant Date Fair Value
Outstanding, beginning balance (in dollar per share) | $ / shares	$ 0
Granted (in dollar per share) | $ / shares	23.96
Forfeited/canceled (in dollar per share) | $ / shares	0
Exercised/vested (in dollar per share) | $ / shares	0
Outstanding, ending balance (in dollar per share) | $ / shares	$ 23.96

Income Taxes (Detail)

Income Taxes (Detail)	3 Months Ended			9 Months Ended
	May 01, 2021	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Income Tax Disclosure [Line Items]
Effective income tax rate		25.30%	24.60%	24.20%	22.60%
Forecast
Income Tax Disclosure [Line Items]
Effective income tax rate	27.10%

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 1,111,920	$ 1,693,216	$ 1,802,512
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	1,098,800	1,697,990	1,802,288
First Lien Term Loan | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	801,920	1,315,216	1,318,512
First Lien Term Loan | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	788,800	1,319,990	1,318,288
ABL Facility | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	310,000	378,000	484,000
ABL Facility | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 310,000	$ 378,000	$ 484,000

Earnings Per Share - Summary of

Earnings Per Share - Summary of Basic and Diluted Net Income Per Share Attributable to Common Stockholders (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Earnings Per Share [Abstract]
Weighted-average common shares outstanding, used for basic computation (in shares)	136,011,473	135,520,854	136,269,239	136,300,591
Plus: Incremental shares of potentially dilutive securities (in shares)	3,048,987	2,671,014	2,734,180	3,089,663
Weighted-average number of common and dilutive potential common shares outstanding (in shares)	139,060,460	138,191,868	139,003,419	139,390,254

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock awards not included in the computation of diluted earnings (in shares)	0	740,655	368,554	589,145
Restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock awards not included in the computation of diluted earnings (in shares)	1,252	553,986	260,503	434,375

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details)	Oct. 30, 2020USD ($)derivative_instrument	Nov. 13, 2018derivative_instrument	Oct. 31, 2020USD ($)	Nov. 02, 2019USD ($)	Oct. 31, 2020USD ($)	Nov. 02, 2019USD ($)	Feb. 01, 2020USD ($)	Feb. 13, 2019USD ($)
Derivative [Line Items]
Proceeds from ABL Facility	$ 260,000,000				$ 996,000,000	$ 1,114,000,000
Extinguished debt	100,000,000
Paydown of First Lien Term Loan	$ 360,000,000				510,000,000	200,000,000
Number of derivative instruments determined ineffective | derivative_instrument	1
Losses reclassified from comprehensive income to interest expense	$ 5,100,000		$ (3,670,000)	$ 0	(3,670,000)	0
Interest rate swaps
Derivative [Line Items]
Number of derivative instruments entered | derivative_instrument		3
Amount of hedged item								$ 1,200,000,000
Average fixed interest rate								3.00%
Unrealized gains (losses)			8,100,000	(1,100,000)	(4,500,000)	(22,300,000)
Designated as hedging instrument | Interest rate swaps
Derivative [Line Items]
Derivative liabilities			45,300,000	$ 42,400,000	45,300,000	$ 42,400,000	$ 40,000,000
Notional Amount			1,200,000,000		1,200,000,000
Designated as hedging instrument | Interest rate swap 3
Derivative [Line Items]
Notional Amount			$ 240,000,000		$ 240,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Values of Derivative Instruments (Details) - Designated as hedging instrument - USD ($)	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
Interest rate swap 1
Derivatives, Fair Value [Line Items]
Notional Amount	$ 600,000,000
Fixed Rate	3.00%
Interest rate swap 1 | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Total liabilities	$ (22,670,000)	$ (20,035,000)	$ (21,200,000)
Interest rate swap 2
Derivatives, Fair Value [Line Items]
Notional Amount	$ 360,000,000
Fixed Rate	3.00%
Interest rate swap 2 | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Total liabilities	$ (13,587,000)	(11,997,000)	(12,694,000)
Interest rate swap 3
Derivatives, Fair Value [Line Items]
Notional Amount	$ 240,000,000
Fixed Rate	3.00%
Interest rate swap 3 | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Total liabilities	$ (9,061,000)	(8,003,000)	(8,468,000)
Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional Amount	1,200,000,000
Total liabilities	(45,300,000)	(40,000,000)	(42,400,000)
Interest rate swaps | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Total liabilities	$ (45,318,000)	$ (40,035,000)	$ (42,362,000)

Subsequent Events (Details)

Subsequent Events (Details) - Interest rate swap 2 - Designated as hedging instrument - USD ($)	Nov. 10, 2020	Oct. 31, 2020
Subsequent Event [Line Items]
Notional amount		$ 360,000,000
Subsequent Event
Subsequent Event [Line Items]
Payment for termination of derivative	$ 13,100,000