Burlington Stores (BURL) 10-Q 24 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jul. 29, 2017shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 29, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	BURL
Entity Registrant Name	BURLINGTON STORES, INC.
Entity Central Index Key	1,579,298
Current Fiscal Year End Date	--02-03
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	68,972,042

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
REVENUES:
Net sales	$ 1,363,224	$ 1,255,053	$ 2,709,769	$ 2,537,723
Other revenue	5,756	5,663	11,430	11,877
Total revenue	1,368,980	1,260,716	2,721,199	2,549,600
COSTS AND EXPENSES:
Cost of sales	808,126	757,622	1,604,522	1,526,303
Selling, general and administrative expenses	437,196	407,102	858,052	810,487
Costs related to debt amendments		1,346		1,346
Stock option modification expense	42	178	105	414
Depreciation and amortization	48,700	44,613	96,712	90,158
Impairment charges - long-lived assets	988		988	109
Other income - net	(3,680)	(1,717)	(5,586)	(5,886)
Loss on extinguishment of debt		3,805		3,805
Interest expense	14,544	15,084	28,058	30,036
Total costs and expenses	1,305,916	1,228,033	2,582,851	2,456,772
Income before income tax expense	63,064	32,683	138,348	92,828
Income tax expense	16,162	12,289	39,078	34,920
Net income	$ 46,902	$ 20,394	$ 99,270	$ 57,908
Net income per common stock - basic	$ 0.68	$ 0.29	$ 1.44	$ 0.82
Net income per common stock - diluted	$ 0.66	$ 0.28	$ 1.40	$ 0.80
Weighted average number of common stock - basic	68,807	70,757	69,070	70,962
Weighted average number of common stock - diluted	70,801	71,987	71,153	72,205

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 46,902	$ 20,394	$ 99,270	$ 57,908
Interest rate cap contracts:
Net unrealized (losses) arising during the period	(642)	(2,142)	(1,098)	(3,293)
Reclassification into earnings during the period	895	261	1,745	418
Other comprehensive income (loss), net of tax:	253	(1,881)	647	(2,875)
Total comprehensive income	$ 47,155	$ 18,513	$ 99,917	$ 55,033

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Current assets:
Cash and cash equivalents	$ 32,648	$ 81,597	$ 30,469
Restricted cash and cash equivalents	27,800	27,800	27,800
Accounts receivable—net	58,941	43,252	41,902
Merchandise inventories	726,985	701,891	744,965
Prepaid and other current assets	102,089	73,784	86,895
Total current assets	948,463	928,324	932,031
Property and equipment—net	1,080,181	1,049,447	1,024,919
Tradenames	238,000	238,000	238,000
Favorable leases—net	201,221	213,180	226,581
Goodwill	47,064	47,064	47,064
Deferred tax assets	7,282	7,973
Other assets	89,557	90,495	97,659
Total assets	2,611,768	2,574,483	2,566,254
Current liabilities:
Accounts payable	603,960	640,326	546,035
Other current liabilities	317,513	354,870	291,353
Current maturities of long term debt	1,823	1,638	1,512
Total current liabilities	923,296	996,834	838,900
Long term debt	1,276,443	1,128,843	1,351,830
Other liabilities	289,891	290,683	284,083
Deferred tax liabilities	218,038	207,935	195,175
Commitments and contingencies (Notes 2, 9, 10 and 11)
Stockholders’ deficit:
Preferred stock, $0.0001 par value: authorized: 50,000,000 shares; no shares issued and outstanding
Common stock, $0.0001 par value: Authorized: 500,000,000 shares; Issued: 78,225,750 shares, 77,653,924 shares and 77,316,292 shares, respectively; Outstanding: 68,972,042 shares, 70,180,713 shares and 71,340,072 shares, respectively	7	7	7
Additional paid-in-capital	1,439,231	1,420,581	1,403,085
Accumulated deficit	(961,246)	(1,060,099)	(1,218,064)
Accumulated other comprehensive loss	(6,544)	(7,191)	(11,867)
Treasury stock, at cost	(567,348)	(403,110)	(276,895)
Total stockholders' deficit	(95,900)	(49,812)	(103,734)
Total liabilities and stockholders' deficit	$ 2,611,768	$ 2,574,483	$ 2,566,254

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Statement Of Financial Position [Abstract]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred Stock, Authorized	50,000,000	50,000,000	50,000,000
Preferred Stock, Issued	0	0	0
Preferred Stock, Outstanding	0	0	0
Common Stock, Par Value	$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Authorized	500,000,000	500,000,000	500,000,000
Common Stock, Shares Issued	78,225,750	77,653,924	77,316,292
Common Stock, Shares Outstanding	68,972,042	70,180,713	71,340,072

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jul. 29, 2017	Jul. 30, 2016
OPERATING ACTIVITIES
Net income		$ 99,270	$ 57,908
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization		96,712	90,158
Impairment charges - long-lived assets		988	109
Amortization of deferred financing costs		1,263	1,426
Accretion of long term debt instruments		544	398
Deferred income taxes		10,365	(4,603)
Non-cash loss on extinguishment of debt—write-off of deferred financing costs and original issue discount			3,805
Non-cash stock compensation expense	[1]	12,487	7,376
Non-cash rent		(13,667)	(15,712)
Deferred rent incentives		10,275	9,681
Changes in assets and liabilities:
Accounts receivable		(11,111)	(5,034)
Merchandise inventories		(25,094)	38,263
Prepaid and other current assets		(28,701)	(20,374)
Accounts payable		(35,447)	(53,238)
Other current liabilities		(48,934)	(3,870)
Other long term assets and long term liabilities		(1,105)	2,440
Other operating activities		4,332	914
Net cash provided by operating activities		72,177	109,647
INVESTING ACTIVITIES
Cash paid for property and equipment		(107,800)	(75,949)
Other investing activities		1,100	203
Net cash (used in) investing activities		(106,700)	(75,746)
FINANCING ACTIVITIES
Purchase of treasury shares		(164,238)	(76,155)
Proceeds from stock option exercises		5,748	2,507
Other financing activities		(3,336)	(3,807)
Net cash used in financing activities		(14,426)	(24,347)
(Decrease) increase in cash and cash equivalents		(48,949)	9,554
Cash and cash equivalents at beginning of period		81,597	20,915
Cash and cash equivalents at end of period		32,648	30,469
Supplemental disclosure of cash flow information:
Interest paid		22,425	29,779
Income tax payments - net		96,648	50,626
Non-cash investing activities:
Accrued purchases of property and equipment		33,306	31,335
ABL senior secured revolving facility
FINANCING ACTIVITIES
Proceeds from long term debt		680,900	887,400
Principal payments on long term debt		$ (533,500)	(831,500)
Senior Secured Term B-4 Loans
FINANCING ACTIVITIES
Proceeds from long term debt			1,114,208
Senior Secured Term B-3 Loans
FINANCING ACTIVITIES
Principal payments on long term debt			$ (1,117,000)
[1]	The amounts presented in the table above exclude taxes. For the three and six month periods ended July 29, 2017, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.9 million and $3.5 million, respectively. For the three and six month periods ended July 30, 2016, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.5 million and $2.8 million, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 29, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation As of July 29, 2017, Burlington Stores, Inc., a Delaware Corporation, and its subsidiaries (collectively, the Company), through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), has expanded its store base to 600 retail stores, inclusive of an internet store. These unaudited Condensed Consolidated Financial Statements include the accounts of Burlington Stores, Inc. and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. The Condensed Consolidated Financial Statements are unaudited, but in the opinion of management reflect all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of operations for the interim periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. These Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 (Fiscal 2016 10-K). The balance sheet at January 28, 2017 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2016 10-K. Because the Company’s business is seasonal in nature, the operating results for the three and six month periods ended July 29, 2017 are not necessarily indicative of results for the fiscal year ending February 3, 2018 (Fiscal 2017). Accounting policies followed by the Company are described in Note 1 to the Fiscal 2016 10-K, “Summary of Significant Accounting Policies.” Adopted Accounting Standards In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2016-09, “Improvements to Employee Share-Based Payment Accounting” (ASU 2016-09). ASU 2016-09 changes how companies account for certain aspects of share-based payments to employees including: (i) requiring all income tax effects of awards to be recognized in the income statement, rather than in additional paid in capital, when the awards vest or are settled, (ii) eliminating the requirement that excess tax benefits be realized before companies can recognize them, (iii) requiring companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity, (iv) increasing the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer’s statutory income tax withholding obligation, (v) requiring an employer to classify the cash paid to a tax authority when shares are withheld to satisfy its statutory income tax withholding obligation as a financing activity on its statement of cash flows and (vi) requiring an employer to elect whether to account for forfeitures of share-based payments by (a) recognizing forfeitures of awards as they occur or (b) estimating the number of awards expected to be forfeited and adjusting the estimate when it is likely to change, as is currently required. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016. The Company adopted this standard effective January 29, 2017. The primary impact of adoption was the prospective recognition of excess tax benefits in the income statement as an income tax benefit rather than equity, which increased net income per share during the three and six month periods ended July 29, 2017 by $0.09 and $0.16, respectively, by lowering the Company’s effective tax rate approximately 1,140 basis points and 880 basis points, respectively. The Company has applied the amendment relating to the presentation of the excess tax benefits on the Condensed Consolidated Statements of Cash Flows retrospectively, resulting in the reclassification of $6.5 million of excess tax benefits from cash flows from financing activities to cash flows from operating activities for the six month period ended July 30, 2016. The Company has elected to account for forfeitures of share-based awards as they occur, on a modified retrospective basis, resulting in a $0.4 million cumulative-effect adjustment to retained earnings as of January 29, 2017. The presentation requirements for cash flows related to employee taxes paid for withheld shares had no impact to any of the periods presented in the Company’s Condensed Consolidated Statements of Cash Flows since such cash flows have historically been presented as a financing activity. Pending Accounting Standards In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which converges revenue recognition under U.S. GAAP and International Financial Reporting Standards. The new guidance supersedes most preexisting revenue recognition guidance, and provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, which deferred the effective date of ASU 2014-09 for public companies to periods beginning after December 15, 2017, with early adoption permitted. The standard shall be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. This ASU will be effective for the Company as of the beginning of the fiscal year ending February 2, 2019 (Fiscal 2018). The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto. The Company believes that there will be no change in the timing or amount of revenue recognized under the new standard as it relates to revenue from point of sale at the registers in our stores, which constitutes more than 99% of the Company’s revenue. The new standard will require a change in the presentation of the Company’s sales return reserve on the balance sheet, which is currently recorded net. The new standard will require the reserve to be established at the gross sales value with an asset established for the value of the merchandise returned. The Company does not, however, anticipate that the new guidance will have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases.” The standard’s core principle is to increase transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. This ASU will be effective for the Company as of the beginning of the fiscal year ending February 1, 2020 (Fiscal 2019). Early adoption is permitted. While the Company is continuing to evaluate the impact of the adoption of this guidance on its consolidated financial statements or notes thereto, it does expect that this new guidance will result in a significant increase to the assets and liabilities presented on its consolidated balance sheets. Refer to Note 13 to the Company’s Consolidated Financial Statements included in the Fiscal 2016 10-K (entitled “Lease Commitments”) for further detail of the Company’s future minimum lease payments. This guidance is not expected, however, to have a material impact on the Company's liquidity. On August 26, 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments.” The primary purpose of this ASU is to reduce the diversity in practice that has resulted from the lack of consistent principles on this topic. This ASU is effective for fiscal years beginning after December 15, 2017. This ASU will be effective for the Company as of the beginning of Fiscal 2018. Early adoption is permitted in any interim or annual period. The Company does not anticipate that the new guidance will have a significant impact on its consolidated financial statements. On November 17, 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows: Restricted Cash.” The primary purpose of this ASU is to reduce the diversity in practice that exists in the classification and presentation of changes in restricted cash on the statement of cash flows. This ASU will require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2017. This ASU will be effective for the Company as of the beginning of Fiscal 2018. Early adoption is permitted in any interim or annual period. While t he Company is still in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto, it does not anticipate that the new guidance will have a significant impact on its consolidated financial statements On January 26, 2017, the FASB issued ASU 2017-04, “Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment,” which aims to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the new guidance, goodwill impairment will be measured as the amount by which the carrying value exceeds the fair value. The loss recognized should not exceed the total amount of goodwill allocated to the reporting unit. The new guidance will be effective for annual reporting periods beginning after December 15, 2019, including interim periods. This ASU will be effective for the Company as of the beginning of Fiscal 2020. Early adoption is permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate that the new guidance will have a significant impact on its consolidated financial statements. There were no other new accounting standards that had a material impact on the Company’s Condensed Consolidated Financial Statements during the three and six month periods ended July 29, 2017, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of July 29, 2017 that the Company expects to have a material impact on its financial position or results of operations upon becoming effective.

Long Term Debt

Long Term Debt	6 Months Ended
	Jul. 29, 2017
Debt Disclosure [Abstract]
Long Term Debt	2. Long Term Debt Long term debt consists of: (in thousands) July 29, January 28, July 30, 2017 2017 2016 $1,200,000 senior secured term loan facility (Term B-4 Loans), LIBOR (with a floor of 0.75%) plus 2.75%, matures on August 13, 2021 $ 1,112,588 $ 1,112,044 $ 1,111,500 $600,000 ABL senior secured revolving facility, LIBOR plus spread based on average outstanding balance, matures on August 13, 2019 147,400 — 223,300 Capital lease obligations 22,912 23,643 24,296 Unamortized deferred financing costs (4,634 ) (5,206 ) (5,754 ) Total debt 1,278,266 1,130,481 1,353,342 Less: current maturities (1,823 ) (1,638 ) (1,512 ) Long term debt, net of current maturities $ 1,276,443 $ 1,128,843 $ 1,351,830 Term Loan Facility At July 29, 2017 and July 30, 2016, the Company’s borrowing rate related to its $1.2 billion senior secured term loan facility ABL Line of Credit At July 29, 2017, the Company had $363.1 million available under the Second Amended and Restated Credit Agreement, dated September 2, 2011, governing BCFWC’s existing senior secured asset-based revolving credit facility (the ABL Line of Credit). The maximum borrowings under the facility during the three and six month periods ended July 29, 2017 amounted to $180.3 million for both periods. Average borrowings during the three and six month periods ended July 29, 2017 amounted to $79.0 million and $55.5 million, respectively, at average interest rates of 2.8% and 2.7%, respectively. At July 30, 2016, the Company had $311.5 million available under the ABL Line of Credit. The maximum borrowings under the facility during the three and six month periods ended July 30, 2016 amounted to $350.0 million. Average borrowings during the three and six month periods ended July 30, 2016 amounted to $224.1 million and $224.5 million, respectively, at average interest rates of 1.8% for both periods.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jul. 29, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	3. Derivative Instruments and Hedging Activities The Company accounts for derivatives and hedging activities in accordance with ASC Topic No. 815 “Derivatives and Hedging” (Topic No. 815). As required by Topic No. 815, the Company records all derivatives on the balance sheet at fair value and adjusts to market on a quarterly basis. In addition, to comply with the provisions of ASC Topic No. 820, “Fair Value Measurements” (Topic No. 820), credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements such as collateral postings, thresholds, mutual puts, and guarantees. In accordance with Topic No. 820, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. There is no impact of netting because the Company’s only derivatives are interest rate cap contracts that are with separate counterparties and are under separate master netting agreements. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate caps as part of its interest rate risk management strategy. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract. The Company did not record any hedge ineffectiveness in its earnings during the three and six month periods ended July 29, 2017 or July 30, 2016. The Company financed the cost of the interest rate cap contracts, which will be amortized through the life of the caps. During the three and six month periods ended July 29, 2017, the Company paid $0.5 million and $1.6 million, respectively, net of $0.4 million and $1.0 million of taxes, respectively, related to the financing of these interest rate cap contracts. During the three and six month periods ended July 30, 2016, the Company paid $0.8 million and $1.6 million, respectively, net of $0.5 million and $1.1 million of taxes, respectively, related to the financing of these interest rate cap contracts. These costs were included in the line item “Accumulated other comprehensive loss” on the Company’s Condensed Consolidated Balance Sheets. The Company estimates that approximately $6.2 million will be reclassified into interest expense during the next twelve months. As of July 29, 2017, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: Interest Rate Derivative Number of Instruments Notional Aggregate Principal Amount Interest Cap Rate Maturity Date Interest rate cap contracts Two $ 800.0 million 1.0% May 31, 2019 Tabular Disclosure The table below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Condensed Consolidated Balance Sheets: (in thousands) Fair Values of Derivative Instruments Liability Derivatives July 29, 2017 January 28, 2017 July 30, 2016 Derivatives Designated as Hedging Instruments Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest rate cap contracts Other $ 2,409 Other $ 3,183 Other $ 11,267 The following table presents the unrealized losses deferred to accumulated other comprehensive loss resulting from the Company’s derivative instruments designated as cash flow hedging instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Interest Rate Cap Contracts: July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Unrealized (losses), before taxes $ (1,070 ) $ (3,569 ) $ (1,826 ) $ (5,488 ) Income tax benefit 428 1,427 728 2,195 Unrealized (losses), net of taxes $ (642 ) $ (2,142 ) $ (1,098 ) $ (3,293 ) The following table presents information about the reclassification of losses from accumulated other comprehensive loss into earnings related to the Company’s derivative instruments designated as cash flow hedging instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Component of Earnings: July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Interest expense $ 1,491 $ 434 $ 2,902 $ 696 Income tax (benefit) (596 ) (173 ) (1,157 ) (278 ) Net income $ 895 $ 261 $ 1,745 $ 418

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 29, 2017
Equity [Abstract]
Accumulated Other Comprehensive Loss	4. Accumulated Other Comprehensive Loss Amounts included in accumulated other comprehensive loss are recorded net of the related income tax effects. The following table details the changes in accumulated other comprehensive loss: (in thousands) Derivative Instruments Balance at January 28, 2017 $ (7,191 ) Unrealized losses, net of related taxes of $0.7 million (1,098 ) Amount reclassified into earnings, net of related taxes of $1.2 million 1,745 Balance at July 29, 2017 $ (6,544 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 29, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements The Company accounts for fair value measurements in accordance with Topic No. 820, which defines fair value, establishes a framework for measurement and expands disclosure about fair value measurements. Topic No. 820 defines fair value 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 (exit price), and classifies the inputs used to measure fair value into the following hierarchy: Level 1: Quoted prices for identical assets or liabilities in active markets. Level 2: Quoted market prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Pricing inputs that are unobservable for the assets and liabilities and include situations where there is little, if any, market activity for the assets and liabilities. The inputs into the determination of fair value require significant management judgment or estimation. The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these instruments. Refer to Note 3, “Derivative Instruments and Hedging Activities,” for further discussion regarding the fair value of the Company’s interest rate cap contracts. Financial Assets The fair values of the Company’s financial assets and the hierarchy of the level of inputs as of July 29, 2017, January 28, 2017 and July 30, 2016 are summarized below: (in thousands) Fair Value Measurements at July 29, January 28, July 30, 2017 2017 2016 Assets: Level 1 Cash equivalents (including restricted cash) $ 28,211 $ 28,167 $ 28,139 Long-Lived Assets Long-lived assets are measured at fair value on a non-recurring basis for purposes of calculating impairment using the fair value hierarchy of Topic No. 820. The fair value of the Company’s long-lived assets is generally calculated using discounted cash flows. During the six month period ended July 29, 2017, the Company recorded impairment charges of $1.0 million, primarily related to declines in revenues and operating results for one leased store and a decline in the appraised fair value of one of the Company’s owned stores. These costs were recorded in the line item “Impairment charges – long-lived assets” in the Company’s Condensed Consolidated Statements of Income. One of the stores impaired during the six month period ended July 29, 2017 was fully impaired and therefore had zero fair value as of July 29, 2017, and would be categorized as Level 3 in the fair value hierarchy described above. The table below sets forth the aggregate impairment charges and the remaining fair value, by level within the fair value hierarchy, of the partially-impaired owned store as of July 29, 2017: (in thousands) Quoted in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Un- Observable Inputs (Level 3) Total Total Impairment Losses Land $ — $ — $ 470 $ — $ 247 Buildings — — 417 — 227 Store fixtures and equipment — — 9 — 203 Leasehold improvements — — — — 108 Other assets — 203 Total $ — $ — $ 896 $ — $ 988 Non-financial Assets Long-lived assets are measured at fair value on a non-recurring basis for purposes of calculating impairment using the fair value hierarchy. The fair value of the Company’s long-lived assets is generally calculated using discounted cash flows. Financial Liabilities The fair values of the Company’s financial liabilities are summarized below: (in thousands) July 29, 2017 January 28, 2017 July 30, 2016 Carrying Amount (b) Fair Value (b) Carrying Amount (b) Fair Value (b) Carrying Amount (b) Fair Value (b) $1,200,000 senior secured term loan facility (Term B-4 Loans), LIBOR (with a floor of 0.75%) plus 2.75%, matures on August 13, 2021 $ 1,112,588 $ 1,119,078 $ 1,112,044 $ 1,116,678 $ 1,111,500 $ 1,113,353 $600,000 ABL senior secured revolving facility, LIBOR plus spread based on average outstanding balance, matures on August 13, 2019(a) 147,400 147,400 — — 223,300 223,300 Total debt $ 1,259,988 $ 1,266,478 $ 1,112,044 $ 1,116,678 $ 1,334,800 $ 1,336,653 (a) To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates due to its short term nature (borrowings are typically done in 30 day increments). (b) Capital lease obligations are excluded from the table above. The fair values presented herein are based on pertinent information available to management as of the respective period end dates. The estimated fair values of the Company’s debt are classified as Level 2 in the fair value hierarchy.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 29, 2017
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes Net deferred taxes are as follows: (in thousands) July 29, January 28, July 30, 2017 2017 2016 Deferred tax asset $ 7,282 $ 7,973 $ — Deferred tax liability 218,038 207,935 195,175 Net deferred tax liability $ 210,756 $ 199,962 $ 195,175 Deferred tax assets relate to Puerto Rico deferred balances that have a net future benefit for tax purposes. Deferred tax liabilities primarily relate to intangible assets and depreciation expense where the Company has a future obligation for tax purposes. As of July 29, 2017, January 28, 2017 and July 30, 2016, valuation allowances amounted to $7.0 million, $7.4 million and $7.6 million, respectively, related to state tax net operating losses and state tax credit carry forwards. The Company believes that it is more likely than not that a portion of the benefit of these state tax net operating losses and state tax credit carry forwards will not be realized. As of July 29, 2017, the Company had $6.1 million of deferred tax assets recorded for state net operating losses, which will expire between 2017 and 2037. In addition, there was no valuation allowance required against the tax benefit associated with Puerto Rico deferred tax assets as of July 29, 2017 and January 28, 2017 compared to a full valuation allowance of $6.2 million as of July 30, 2016.

Capital Stock

Capital Stock	6 Months Ended
	Jul. 29, 2017
Capital Stock [Abstract]
Capital Stock	7. Capital Stock Treasury Stock The Company accounts for treasury stock under the cost method. During the six month period ended July 29, 2017, the Company acquired 35,882 shares of common stock from employees for approximately $3.4 million to satisfy their minimum statutory tax withholdings related to the vesting of restricted stock awards. Share Repurchase Programs During the six month period ended July 29, 2017, the Company repurchased 1,744,615 shares of its common stock for $160.8 million, inclusive of commissions, under the share repurchase program approved the by the Company’s Board of Directors in November 2016, which is funded using the Company’s available cash and is authorized to be executed through November 2018. The amount repurchased during the six month period ended July 29, 2017 was recorded in the line item “Treasury stock” on the Company’s Condensed Consolidated Balance Sheets. As of July 29, 2017, the Company had $38.8 million available for purchase under this share repurchase program. On August 16, 2017, the Company’s Board of Directors approved the repurchase of up to an additional $300 million of the Company’s common stock. This new repurchase program, which is in addition to the share repurchase program approved by the Company’s Board of Directors in November 2016, is authorized to be executed through August 2019. The Company is authorized to repurchase, from time to time, shares of its outstanding common stock on the open market or in privately negotiated transactions under its repurchase programs. The timing and amount of stock repurchases will depend on a variety of factors, including the market conditions as well as corporate and regulatory considerations. The share repurchase programs may be suspended, modified or discontinued at any time and the Company has no obligation to repurchase any amount of the Company’s common stock under the programs.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jul. 29, 2017
Earnings Per Share [Abstract]
Net Income Per Share	8. Net Income Per Share Basic net income per share is calculated by dividing net income by the weighted-average number of common shares outstanding. Dilutive net income per share is calculated by dividing net income by the weighted-average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method. (in thousands, except per share data) Three Months Ended Six Months Ended July 29, July 30, July 29, July 30, 2017 2016 2017 2016 Basic net income per share Net income $ 46,902 $ 20,394 $ 99,270 $ 57,908 Weighted average number of common shares – basic 68,807 70,757 69,070 70,962 Net income per common share – basic $ 0.68 $ 0.29 $ 1.44 $ 0.82 Diluted net income per share Net income $ 46,902 $ 20,394 $ 99,270 $ 57,908 Shares for basic and diluted net income per share: Weighted average number of common shares – basic 68,807 70,757 69,070 70,962 Assumed exercise of stock options and vesting of restricted stock 1,994 1,230 2,083 1,243 Weighted average number of common shares – diluted 70,801 71,987 71,153 72,205 Net income per common share – diluted $ 0.66 $ 0.28 $ 1.40 $ 0.80 Approximately 170,000 and less than 100,000 Approximately 170,000 and 145,000 shares were excluded from diluted net income per share for the three and six month periods ended July 30, 2016, respectively, since their effect was anti-dilutive.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 29, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	9. Stock-Based Compensation As of July 29, 2017, there were 5,007,307 Non-cash stock compensation expense is as follows: (in thousands) Three Months Ended Six Months Ended July 29, July 30, July 29, July 30, Type of Non-Cash Stock Compensation 2017 2016 2017 2016 Restricted stock grants (a) $ 4,276 $ 2,234 $ 7,434 $ 3,992 Stock option grants (a) 3,089 1,725 4,955 3,049 Stock option modification (b) 40 134 98 335 Total (c) $ 7,405 $ 4,093 $ 12,487 $ 7,376 (a) Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income. (b) Represents non-cash compensation related to the May 2013 stock option modification. Amounts are included in the line item “Stock option modification expense” in the Company’s Condensed Consolidated Statements of Income. Refer to Note 12 to the Company’s Consolidated Financial Statements included in the Fiscal 2016 10-K (entitled “Stock-Based Compensation”) for further detail of the Company’s May 2013 stock option modification. (c) The amounts presented in the table above exclude taxes. For the three and six month periods ended July 29, 2017, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.9 million and $3.5 million, respectively. For the three and six month periods ended July 30, 2016, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.5 million and $2.8 million, respectively. Stock Options Stock option transactions during the six month period ended July 29, 2017 are summarized as follows: Number of Shares Weighted Average Exercise Price Per Share Options outstanding, January 28, 2017 2,646,123 $ 22.41 Options granted 566,664 97.48 Options exercised (a) (369,858 ) 15.54 Options forfeited (58,996 ) 56.48 Options outstanding, July 29, 2017 2,783,933 37.88 (a) Options exercised during the six month period ended July 29, 2017 had a total intrinsic value of $ 30.0 The following table summarizes information about the stock options vested and expected to vest during the contractual term as of July 29, 2017: Options Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value (in millions) Vested and expected to vest 2,783,933 7.3 $ 37.88 $ 140.0 The fair value of each stock option granted during the six month period ended July 29, 2017 was estimated using the Black Scholes option pricing model using the following assumptions: Six Months Ended July 29, 2017 Risk-free interest rate 1.43% - 2.13% Expected volatility 34% - 37% Expected life (years) 6.15 - 6.25 Contractual life (years) 10.0 Expected dividend yield 0.0% Weighted average grant date fair value of options issued $ 36.54 The expected dividend yield was based on the Company’s expectation of not paying dividends in the foreseeable future. Since the Company completed its initial public offering in October 2013, it does not have sufficient history as a publicly traded company to evaluate its volatility factor. As such, the expected stock price volatility is based upon the historical volatility of the stock price over the expected life of the options of peer companies that are publicly traded. The risk free interest rate was based on the U.S. Treasury rates for U.S. Treasury zero-coupon bonds with maturities similar to those of the expected term of the awards being valued. For grants issued during the six month period ended July 29, 2017, the expected life of the options was calculated using the simplified method. The simplified method defines the life as the average of the contractual term of the options and the weighted average vesting period for all option tranches. This methodology was utilized due to the short length of time the Company’s common stock has been publicly traded. Restricted Stock Awards Restricted stock transactions during the six month period ended July 29, 2017 are summarized as follows: Number of Shares Weighted Average Grant Date Fair Value Per Awards Non-vested awards outstanding, January 28, 2017 744,634 $ 54.28 Awards granted 219,361 95.46 Awards vested (a) (110,710 ) 48.90 Awards forfeited (17,393 ) 57.56 Non-vested awards outstanding, July 29, 2017 835,892 65.76 (a) Restricted stock awards vested during the six month period ended July 29, 2017 had a total intrinsic value of $ 10.6 The fair value of each share of restricted stock granted during Fiscal 2017 was based upon (a) the closing price of the Company’s common stock on the date prior to the grant date for grants before May 17, 2017 (the date on which the Company’s stockholders approved the Amended Plan ) and (b) the closing price of the Company’s common stock on the date of grant made from and after May 17, 2017

Other Liabilities

Other Liabilities	6 Months Ended
	Jul. 29, 2017
Other Liabilities Disclosure [Abstract]
Other Liabilities	10. Other Liabilities Other liabilities primarily consist of deferred lease incentives, the long term portion of self-insurance reserves, the excess of straight-line rent expense over actual rental payments and tax liabilities associated with the uncertain tax positions recognized by the Company in accordance with ASC Topic No. 740, “Income Taxes.” Deferred lease incentives are funds received or receivable from landlords used primarily to offset costs incurred for leasehold improvements and fixturing of new and remodeled stores. These deferred lease incentives are amortized over the expected lease term including rent holiday periods and option periods, where the exercise of the option can be reasonably assured. Amortization of deferred lease incentives is included in the line item “Selling, general and administrative expenses” on the Company’s Condensed Consolidated Statements of Income. At July 29, 2017, January 28, 2017 and July 30, 2016, deferred lease incentives were $179.6 million, $180.9 million and $171.6 million, respectively, and are recorded in the line item “Other liabilities” on the Company’s Condensed Consolidated Balance Sheets.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 29, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Legal The Company establishes accruals relating to legal claims in connection with litigation to which the Company is party from time to time in the ordinary course of business. Like many retailers, the Company has been named in class or collective actions on behalf of various groups alleging violations of federal and state wage and hour and other labor statutes, and alleged violation of state consumer and/or privacy protection statutes. In the normal course of business, we are also party to various other lawsuits and regulatory proceedings including, among others, commercial, product, product safety, employee, customer, intellectual property and other claims. Actions against us are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties. To determine the likelihood of a loss and/or the measurement of any loss can be complex. Consequently, we are unable to estimate the range of reasonably possible loss in excess of amounts accrued. The Company’s assessments are based on estimates and assumptions that have been deemed reasonable by management, but the assessment process relies heavily on estimates and assumptions that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause us to change those estimates and assumptions. While no assurance can be given as to the ultimate outcome of these matters, the Company believes that the final resolution of these actions will not have a material adverse effect on the Company’s results of operations, financial position, liquidity or capital resources. Lease Agreements The Company enters into lease agreements during the ordinary course of business in order to secure favorable store locations. The Company’s minimum lease payments for all operating leases are expected to be $ 164.7 357.8 335.0 311.7 285.7 1,394.0 313.8 500.5 68 Letters of Credit The Company had letter of credit arrangements with various banks in the aggregate amount of $ 53.0 43.6 9.4 363.1 Purchase Commitments The Company had $ 976.7 Death Benefits In November 2005, the Company entered into agreements with three of the Company’s former executives whereby upon each of their deaths the Company will pay $1.0 million to each respective designated beneficiary.

Related Parties

Related Parties	6 Months Ended
	Jul. 29, 2017
Related Party Transactions [Abstract]
Related Parties	12. Related Parties The brother-in-law of one of the Company’s Executive Vice Presidents is an independent sales representative of one of the Company’s suppliers of merchandise inventory. This relationship predated the commencement of the Executive Vice President’s employment with the Company. The Company has determined that the dollar amount of purchases through such supplier represents an insignificant amount of its inventory purchases.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 29, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation As of July 29, 2017, Burlington Stores, Inc., a Delaware Corporation, and its subsidiaries (collectively, the Company), through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), has expanded its store base to 600 retail stores, inclusive of an internet store. These unaudited Condensed Consolidated Financial Statements include the accounts of Burlington Stores, Inc. and its subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. The Condensed Consolidated Financial Statements are unaudited, but in the opinion of management reflect all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of operations for the interim periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. These Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 (Fiscal 2016 10-K). The balance sheet at January 28, 2017 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2016 10-K. Because the Company’s business is seasonal in nature, the operating results for the three and six month periods ended July 29, 2017 are not necessarily indicative of results for the fiscal year ending February 3, 2018 (Fiscal 2017). Accounting policies followed by the Company are described in Note 1 to the Fiscal 2016 10-K, “Summary of Significant Accounting Policies.”
Adopted Accounting Standards	Adopted Accounting Standards In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2016-09, “Improvements to Employee Share-Based Payment Accounting” (ASU 2016-09). ASU 2016-09 changes how companies account for certain aspects of share-based payments to employees including: (i) requiring all income tax effects of awards to be recognized in the income statement, rather than in additional paid in capital, when the awards vest or are settled, (ii) eliminating the requirement that excess tax benefits be realized before companies can recognize them, (iii) requiring companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity, (iv) increasing the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer’s statutory income tax withholding obligation, (v) requiring an employer to classify the cash paid to a tax authority when shares are withheld to satisfy its statutory income tax withholding obligation as a financing activity on its statement of cash flows and (vi) requiring an employer to elect whether to account for forfeitures of share-based payments by (a) recognizing forfeitures of awards as they occur or (b) estimating the number of awards expected to be forfeited and adjusting the estimate when it is likely to change, as is currently required. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016. The Company adopted this standard effective January 29, 2017. The primary impact of adoption was the prospective recognition of excess tax benefits in the income statement as an income tax benefit rather than equity, which increased net income per share during the three and six month periods ended July 29, 2017 by $0.09 and $0.16, respectively, by lowering the Company’s effective tax rate approximately 1,140 basis points and 880 basis points, respectively. The Company has applied the amendment relating to the presentation of the excess tax benefits on the Condensed Consolidated Statements of Cash Flows retrospectively, resulting in the reclassification of $6.5 million of excess tax benefits from cash flows from financing activities to cash flows from operating activities for the six month period ended July 30, 2016. The Company has elected to account for forfeitures of share-based awards as they occur, on a modified retrospective basis, resulting in a $0.4 million cumulative-effect adjustment to retained earnings as of January 29, 2017. The presentation requirements for cash flows related to employee taxes paid for withheld shares had no impact to any of the periods presented in the Company’s Condensed Consolidated Statements of Cash Flows since such cash flows have historically been presented as a financing activity.
Pending Accounting Standards	Pending Accounting Standards In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which converges revenue recognition under U.S. GAAP and International Financial Reporting Standards. The new guidance supersedes most preexisting revenue recognition guidance, and provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, which deferred the effective date of ASU 2014-09 for public companies to periods beginning after December 15, 2017, with early adoption permitted. The standard shall be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. This ASU will be effective for the Company as of the beginning of the fiscal year ending February 2, 2019 (Fiscal 2018). The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto. The Company believes that there will be no change in the timing or amount of revenue recognized under the new standard as it relates to revenue from point of sale at the registers in our stores, which constitutes more than 99% of the Company’s revenue. The new standard will require a change in the presentation of the Company’s sales return reserve on the balance sheet, which is currently recorded net. The new standard will require the reserve to be established at the gross sales value with an asset established for the value of the merchandise returned. The Company does not, however, anticipate that the new guidance will have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases.” The standard’s core principle is to increase transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. This ASU will be effective for the Company as of the beginning of the fiscal year ending February 1, 2020 (Fiscal 2019). Early adoption is permitted. While the Company is continuing to evaluate the impact of the adoption of this guidance on its consolidated financial statements or notes thereto, it does expect that this new guidance will result in a significant increase to the assets and liabilities presented on its consolidated balance sheets. Refer to Note 13 to the Company’s Consolidated Financial Statements included in the Fiscal 2016 10-K (entitled “Lease Commitments”) for further detail of the Company’s future minimum lease payments. This guidance is not expected, however, to have a material impact on the Company's liquidity. On August 26, 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments.” The primary purpose of this ASU is to reduce the diversity in practice that has resulted from the lack of consistent principles on this topic. This ASU is effective for fiscal years beginning after December 15, 2017. This ASU will be effective for the Company as of the beginning of Fiscal 2018. Early adoption is permitted in any interim or annual period. The Company does not anticipate that the new guidance will have a significant impact on its consolidated financial statements. On November 17, 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows: Restricted Cash.” The primary purpose of this ASU is to reduce the diversity in practice that exists in the classification and presentation of changes in restricted cash on the statement of cash flows. This ASU will require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2017. This ASU will be effective for the Company as of the beginning of Fiscal 2018. Early adoption is permitted in any interim or annual period. While t he Company is still in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto, it does not anticipate that the new guidance will have a significant impact on its consolidated financial statements On January 26, 2017, the FASB issued ASU 2017-04, “Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment,” which aims to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the new guidance, goodwill impairment will be measured as the amount by which the carrying value exceeds the fair value. The loss recognized should not exceed the total amount of goodwill allocated to the reporting unit. The new guidance will be effective for annual reporting periods beginning after December 15, 2019, including interim periods. This ASU will be effective for the Company as of the beginning of Fiscal 2020. Early adoption is permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate that the new guidance will have a significant impact on its consolidated financial statements. There were no other new accounting standards that had a material impact on the Company’s Condensed Consolidated Financial Statements during the three and six month periods ended July 29, 2017, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of July 29, 2017 that the Company expects to have a material impact on its financial position or results of operations upon becoming effective.

Long Term Debt (Tables)

Long Term Debt (Tables)	6 Months Ended
	Jul. 29, 2017
Debt Disclosure [Abstract]
Long Term Debt	Long term debt consists of: (in thousands) July 29, January 28, July 30, 2017 2017 2016 $1,200,000 senior secured term loan facility (Term B-4 Loans), LIBOR (with a floor of 0.75%) plus 2.75%, matures on August 13, 2021 $ 1,112,588 $ 1,112,044 $ 1,111,500 $600,000 ABL senior secured revolving facility, LIBOR plus spread based on average outstanding balance, matures on August 13, 2019 147,400 — 223,300 Capital lease obligations 22,912 23,643 24,296 Unamortized deferred financing costs (4,634 ) (5,206 ) (5,754 ) Total debt 1,278,266 1,130,481 1,353,342 Less: current maturities (1,823 ) (1,638 ) (1,512 ) Long term debt, net of current maturities $ 1,276,443 $ 1,128,843 $ 1,351,830

Derivative Instruments and He21

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jul. 29, 2017
Fair Value of Company's Derivative Financial Instruments on Gross Basis as well as Classification	The table below presents the fair value of the Company’s derivative financial instruments on a gross basis as well as their classification on the Company’s Condensed Consolidated Balance Sheets: (in thousands) Fair Values of Derivative Instruments Liability Derivatives July 29, 2017 January 28, 2017 July 30, 2016 Derivatives Designated as Hedging Instruments Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest rate cap contracts Other $ 2,409 Other $ 3,183 Other $ 11,267
Summary of Unrealized Losses Deferred to Accumulated Other Comprehensive Loss	The following table presents the unrealized losses deferred to accumulated other comprehensive loss resulting from the Company’s derivative instruments designated as cash flow hedging instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Interest Rate Cap Contracts: July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Unrealized (losses), before taxes $ (1,070 ) $ (3,569 ) $ (1,826 ) $ (5,488 ) Income tax benefit 428 1,427 728 2,195 Unrealized (losses), net of taxes $ (642 ) $ (2,142 ) $ (1,098 ) $ (3,293 )
Reclassification of Losses from Accumulated Other Comprehensive Loss into Earnings	The following table presents information about the reclassification of losses from accumulated other comprehensive loss into earnings related to the Company’s derivative instruments designated as cash flow hedging instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Component of Earnings: July 29, 2017 July 30, 2016 July 29, 2017 July 30, 2016 Interest expense $ 1,491 $ 434 $ 2,902 $ 696 Income tax (benefit) (596 ) (173 ) (1,157 ) (278 ) Net income $ 895 $ 261 $ 1,745 $ 418
Derivatives Designated as Hedging Instruments
Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships	As of July 29, 2017, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: Interest Rate Derivative Number of Instruments Notional Aggregate Principal Amount Interest Cap Rate Maturity Date Interest rate cap contracts Two $ 800.0 million 1.0% May 31, 2019

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 29, 2017
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The following table details the changes in accumulated other comprehensive loss: (in thousands) Derivative Instruments Balance at January 28, 2017 $ (7,191 ) Unrealized losses, net of related taxes of $0.7 million (1,098 ) Amount reclassified into earnings, net of related taxes of $1.2 million 1,745 Balance at July 29, 2017 $ (6,544 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 29, 2017
Fair Value Disclosures [Abstract]
Fair Values of Financial Assets and Hierarchy of Level of Inputs	The fair values of the Company’s financial assets and the hierarchy of the level of inputs as of July 29, 2017, January 28, 2017 and July 30, 2016 are summarized below: (in thousands) Fair Value Measurements at July 29, January 28, July 30, 2017 2017 2016 Assets: Level 1 Cash equivalents (including restricted cash) $ 28,211 $ 28,167 $ 28,139
Aggregate Impairment Charges and Remaining Fair Value by Level within Fair Value Hierarchy of Long-Lived Assets	The table below sets forth the aggregate impairment charges and the remaining fair value, by level within the fair value hierarchy, of the partially-impaired owned store as of July 29, 2017: (in thousands) Quoted in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Un- Observable Inputs (Level 3) Total Total Impairment Losses Land $ — $ — $ 470 $ — $ 247 Buildings — — 417 — 227 Store fixtures and equipment — — 9 — 203 Leasehold improvements — — — — 108 Other assets — 203 Total $ — $ — $ 896 $ — $ 988
Fair Values of Financial Liabilities	The fair values of the Company’s financial liabilities are summarized below: (in thousands) July 29, 2017 January 28, 2017 July 30, 2016 Carrying Amount (b) Fair Value (b) Carrying Amount (b) Fair Value (b) Carrying Amount (b) Fair Value (b) $1,200,000 senior secured term loan facility (Term B-4 Loans), LIBOR (with a floor of 0.75%) plus 2.75%, matures on August 13, 2021 $ 1,112,588 $ 1,119,078 $ 1,112,044 $ 1,116,678 $ 1,111,500 $ 1,113,353 $600,000 ABL senior secured revolving facility, LIBOR plus spread based on average outstanding balance, matures on August 13, 2019(a) 147,400 147,400 — — 223,300 223,300 Total debt $ 1,259,988 $ 1,266,478 $ 1,112,044 $ 1,116,678 $ 1,334,800 $ 1,336,653 (a) To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates due to its short term nature (borrowings are typically done in 30 day increments). (b) Capital lease obligations are excluded from the table above.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jul. 29, 2017
Income Tax Disclosure [Abstract]
Net Deferred Taxes	Net deferred taxes are as follows: (in thousands) July 29, January 28, July 30, 2017 2017 2016 Deferred tax asset $ 7,282 $ 7,973 $ — Deferred tax liability 218,038 207,935 195,175 Net deferred tax liability $ 210,756 $ 199,962 $ 195,175

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jul. 29, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted per Common Share	Basic net income per share is calculated by dividing net income by the weighted-average number of common shares outstanding. Dilutive net income per share is calculated by dividing net income by the weighted-average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method. (in thousands, except per share data) Three Months Ended Six Months Ended July 29, July 30, July 29, July 30, 2017 2016 2017 2016 Basic net income per share Net income $ 46,902 $ 20,394 $ 99,270 $ 57,908 Weighted average number of common shares – basic 68,807 70,757 69,070 70,962 Net income per common share – basic $ 0.68 $ 0.29 $ 1.44 $ 0.82 Diluted net income per share Net income $ 46,902 $ 20,394 $ 99,270 $ 57,908 Shares for basic and diluted net income per share: Weighted average number of common shares – basic 68,807 70,757 69,070 70,962 Assumed exercise of stock options and vesting of restricted stock 1,994 1,230 2,083 1,243 Weighted average number of common shares – diluted 70,801 71,987 71,153 72,205 Net income per common share – diluted $ 0.66 $ 0.28 $ 1.40 $ 0.80

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 29, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-Cash Stock Compensation Expense	Non-cash stock compensation expense is as follows: (in thousands) Three Months Ended Six Months Ended July 29, July 30, July 29, July 30, Type of Non-Cash Stock Compensation 2017 2016 2017 2016 Restricted stock grants (a) $ 4,276 $ 2,234 $ 7,434 $ 3,992 Stock option grants (a) 3,089 1,725 4,955 3,049 Stock option modification (b) 40 134 98 335 Total (c) $ 7,405 $ 4,093 $ 12,487 $ 7,376 (a) Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income. (b) Represents non-cash compensation related to the May 2013 stock option modification. Amounts are included in the line item “Stock option modification expense” in the Company’s Condensed Consolidated Statements of Income. Refer to Note 12 to the Company’s Consolidated Financial Statements included in the Fiscal 2016 10-K (entitled “Stock-Based Compensation”) for further detail of the Company’s May 2013 stock option modification. (c) The amounts presented in the table above exclude taxes. For the three and six month periods ended July 29, 2017, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.9 million and $3.5 million, respectively. For the three and six month periods ended July 30, 2016, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.5 million and $2.8 million, respectively.
Stock Option Transactions	Stock option transactions during the six month period ended July 29, 2017 are summarized as follows: Number of Shares Weighted Average Exercise Price Per Share Options outstanding, January 28, 2017 2,646,123 $ 22.41 Options granted 566,664 97.48 Options exercised (a) (369,858 ) 15.54 Options forfeited (58,996 ) 56.48 Options outstanding, July 29, 2017 2,783,933 37.88 (a) Options exercised during the six month period ended July 29, 2017 had a total intrinsic value of $ 30.0
Stock Options Vested and Expected to Vest	The following table summarizes information about the stock options vested and expected to vest during the contractual term as of July 29, 2017: Options Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value (in millions) Vested and expected to vest 2,783,933 7.3 $ 37.88 $ 140.0
Weighted Average Assumptions Used to Estimate Fair Value of Each Stock Option Granted	The fair value of each stock option granted during the six month period ended July 29, 2017 was estimated using the Black Scholes option pricing model using the following assumptions: Six Months Ended July 29, 2017 Risk-free interest rate 1.43% - 2.13% Expected volatility 34% - 37% Expected life (years) 6.15 - 6.25 Contractual life (years) 10.0 Expected dividend yield 0.0% Weighted average grant date fair value of options issued $ 36.54
Award Grant and Vesting Transactions	Restricted stock transactions during the six month period ended July 29, 2017 are summarized as follows: Number of Shares Weighted Average Grant Date Fair Value Per Awards Non-vested awards outstanding, January 28, 2017 744,634 $ 54.28 Awards granted 219,361 95.46 Awards vested (a) (110,710 ) 48.90 Awards forfeited (17,393 ) 57.56 Non-vested awards outstanding, July 29, 2017 835,892 65.76 (a) Restricted stock awards vested during the six month period ended July 29, 2017 had a total intrinsic value of $ 10.6

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jul. 29, 2017Store$ / shares	Jul. 29, 2017Store$ / shares	Jul. 30, 2016USD ($)	Jan. 29, 2017USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of stores | Store	600	600
Increased net income per share | $ / shares	$ 0.09	$ 0.16
Effective tax rate of basis points	11.40%	8.80%
Reclassification of excess of tax benefits			$ 6.5
Cumulative-effect adjustment to retained earnings				$ 0.4
ASU 2015-14 | Stores | Minimum
Summary Of Significant Accounting Policies [Line Items]
Percentage of revenue recognized		99.00%

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Debt Instrument [Line Items]
Capital lease obligations	$ 22,912	$ 23,643	$ 24,296
Unamortized deferred financing costs	(4,634)	(5,206)	(5,754)
Total debt	1,278,266	1,130,481	1,353,342
Less: current maturities	(1,823)	(1,638)	(1,512)
Long term debt, net of current maturities	1,276,443	1,128,843	1,351,830
Senior Secured Term B-4 Loans
Debt Instrument [Line Items]
Long Term Debt	1,112,588	$ 1,112,044	1,111,500
ABL senior secured revolving facility
Debt Instrument [Line Items]
Long Term Debt	$ 147,400		$ 223,300

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Senior Secured Term B-4 Loans
Debt Instrument [Line Items]
Long-Term Debt, maturity date	Aug. 13, 2021	Aug. 13, 2021	Aug. 13, 2021
Long-Term Debt, face amount	$ 1,200,000	$ 1,200,000	$ 1,200,000
ABL senior secured revolving facility
Debt Instrument [Line Items]
Long-Term Debt, maturity date	Aug. 13, 2019	Aug. 13, 2019	Aug. 13, 2019
Long-Term Debt, face amount	$ 600,000	$ 600,000	$ 600,000
London Interbank Offered Rate Floor | Senior Secured Term B-4 Loans
Debt Instrument [Line Items]
Long-Term Debt, interest rate	0.75%	0.75%	0.75%
London Interbank Offered Rate (LIBOR) | Senior Secured Term B-4 Loans
Debt Instrument [Line Items]
Long-Term Debt, interest rate	2.75%	2.75%	2.75%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,200,000,000	$ 1,200,000,000	$ 1,200,000,000	$ 1,200,000,000
Borrowing, interest rate	4.00%	3.50%	4.00%	3.50%
ABL senior secured revolving facility
Debt Instrument [Line Items]
Debt instrument, face amount	$ 600,000,000	$ 600,000,000	$ 600,000,000	$ 600,000,000	$ 600,000,000
Line of Credit Facility, amount available	363,100,000	311,500,000	363,100,000	311,500,000
Line of Credit Facility, maximum amount outstanding during period	180,300,000	350,000,000	180,300,000	350,000,000
Line of Credit Facility, Average borrowings	$ 79,000,000	$ 224,100,000	$ 55,500,000	$ 224,500,000
Line of Credit Facility, Average interest rate	2.80%	1.80%	2.70%	1.80%

Derivative Instruments And He31

Derivative Instruments And Hedging Activities - Additional Information (Detail) - Interest rate cap - USD ($)	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Derivative [Line Items]
Ineffective portion of change in fair value of derivatives	$ 0	$ 0	$ 0	$ 0
Amount related to interest rate cap contracts	500,000	800,000	1,600,000	1,600,000
Amount related to interest rate cap contracts, taxes	400,000	$ 500,000	1,000,000	$ 1,100,000
Amounts reported in Accumulated Other Comprehensive Loss to be reclassified to interest expense, during the next twelve months	$ 6,200,000		$ 6,200,000

Outstanding Interest Rate Deriv

Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships (Detail) - Cash Flow Hedging - Derivatives Designated as Hedging Instruments - Interest Rate Cap Contract One	6 Months Ended
	Jul. 29, 2017USD ($)Derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of Instruments | Derivative	2
Notional Aggregate Principal Amount | $	$ 800,000,000
Interest Cap Rate	1.00%
Maturity Date	May 31, 2019

Derivative Instruments and He33

Derivative Instruments and Hedging Activities (Detail) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Interest rate cap | Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Designated as Hedging Instruments Interest Rate Cap Contracts, Liability at Fair Value	$ 2,409	$ 3,183	$ 11,267

Summary of Unrealized Losses De

Summary of Unrealized Losses Deferred to Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Derivative Instruments Gain Loss [Line Items]
Unrealized (losses), net of taxes	$ (642)	$ (2,142)	$ (1,098)	$ (3,293)
Derivatives Designated as Hedging Instruments | Interest rate cap
Derivative Instruments Gain Loss [Line Items]
Unrealized (losses), before taxes	(1,070)	(3,569)	(1,826)	(5,488)
Income tax benefit	428	1,427	728	2,195
Unrealized (losses), net of taxes	$ (642)	$ (2,142)	$ (1,098)	$ (3,293)

Reclassification of Losses from

Reclassification of Losses from Accumulated Other Comprehensive Loss into Earnings (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income On Derivatives [Line Items]
Interest expense	$ (14,544)	$ (15,084)	$ (28,058)	$ (30,036)
Income tax (benefit)	(16,162)	(12,289)	(39,078)	(34,920)
Net income	46,902	20,394	99,270	57,908
Reclassification out of accumulated other comprehensive income | Derivatives Designated as Hedging Instruments | Accumulated net gain (loss) from cash flow hedges including portion attributable to noncontrolling interest | Interest rate cap
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income On Derivatives [Line Items]
Interest expense	1,491	434	2,902	696
Income tax (benefit)	(596)	(173)	(1,157)	(278)
Net income	$ 895	$ 261	$ 1,745	$ 418

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss (Detail) $ in Thousands	6 Months Ended
	Jul. 29, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ (49,812)
Balance at end of period	(95,900)
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(7,191)
Unrealized losses, net of related taxes of $0.7 million	(1,098)
Amount reclassified into earnings, net of related taxes of $1.2 million	1,745
Balance at end of period	$ (6,544)

Changes in Accumulated Other 37

Changes in Accumulated Other Comprehensive Loss (Parenthetical) (Detail) - Derivative Instruments $ in Millions	6 Months Ended
	Jul. 29, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized losses on Interest Rate Cap Contracts, Tax	$ 0.7
Amount reclassified into earnings on Interest Rate Cap Contracts, Tax	$ 1.2

Fair Values of Financial Assets

Fair Values of Financial Assets and Hierarchy of Level of Inputs (Detail) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Fair Value, Inputs, Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents (including restricted cash)	$ 28,211	$ 28,167	$ 28,139

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	3 Months Ended	6 Months Ended
	Jul. 29, 2017USD ($)Store	Jul. 29, 2017USD ($)Store	Jul. 30, 2016USD ($)
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Impaired long-lived assets held and used, method for determining fair value		Long-lived assets are measured at fair value on a non-recurring basis for purposes of calculating impairment using the fair value hierarchy of Topic No. 820. The fair value of the Company’s long-lived assets is generally calculated using discounted cash flows.
Impairment charges - long-lived assets	$ 988,000	$ 988,000	$ 109,000
Long-lived assets fair value	$ 0	$ 0
Assets Impairments
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Impairment of store level assets, number of stores | Store	1	1

Aggregate Impairment Charges an

Aggregate Impairment Charges and Remaining Fair Value by Level within Fair Value Hierarchy of Long-Lived Assets (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jul. 29, 2017	Jul. 29, 2017	Jul. 30, 2016
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Lived assets fair value, Total	$ 0	$ 0
Total Impairment Losses	988,000	988,000	$ 109,000
Significant Un-Observable Inputs (Level 3)
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Lived assets fair value, Total	896,000	896,000
Land
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Total Impairment Losses		247,000
Land | Significant Un-Observable Inputs (Level 3)
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Lived assets fair value, Total	470,000	470,000
Buildings
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Total Impairment Losses		227,000
Buildings | Significant Un-Observable Inputs (Level 3)
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Lived assets fair value, Total	417,000	417,000
Store fixtures and equipment
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Total Impairment Losses		203,000
Store fixtures and equipment | Significant Un-Observable Inputs (Level 3)
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Lived assets fair value, Total	$ 9,000	9,000
Leasehold improvements
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Total Impairment Losses		108,000
Other assets
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Total Impairment Losses		$ 203,000

Fair Values of Financial Liabil

Fair Values of Financial Liabilities (Detail) - USD ($) $ in Thousands		Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Carrying Amount	[1]	$ 1,259,988	$ 1,112,044	$ 1,334,800
Long-Term Debt, Fair Value	[1]	1,266,478	1,116,678	1,336,653
ABL senior secured revolving facility
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Carrying Amount	[1],[2]	147,400		223,300
Long-Term Debt, Fair Value	[1],[2]	147,400		223,300
Senior secured term loans | Term B-4 Loans
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Carrying Amount	[1]	1,112,588	1,112,044	1,111,500
Long-Term Debt, Fair Value	[1]	$ 1,119,078	$ 1,116,678	$ 1,113,353
[1]	Capital lease obligations are excluded from the table above.
[2]	To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value because the interest rate is variable and reflects current market rates due to its short term nature (borrowings are typically done in 30 day increments).

Fair Values of Financial Liab42

Fair Values of Financial Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jan. 28, 2017
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Borrowings increments number of days	30 days
ABL senior secured revolving facility
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, maturity date	Aug. 13, 2019	Aug. 13, 2019	Aug. 13, 2019
Long-Term Debt, face amount	$ 600,000	$ 600,000	$ 600,000
Term B-4 Loans | Senior secured term loans
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, maturity date	Aug. 13, 2021	Aug. 13, 2021	Aug. 13, 2021
Long-Term Debt, face amount	$ 1,200,000	$ 1,200,000	$ 1,200,000
Term B-4 Loans | Senior secured term loans | London Interbank Offered Rate Floor
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, interest rate	0.75%	0.75%	0.75%
Term B-4 Loans | Senior secured term loans | London Interbank Offered Rate (LIBOR)
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, interest rate	2.75%	2.75%	2.75%

Net Deferred Taxes (Detail)

Net Deferred Taxes (Detail) - USD ($) $ in Thousands	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Income Tax Disclosure [Abstract]
Deferred tax asset	$ 7,282	$ 7,973
Deferred tax liability	218,038	207,935	$ 195,175
Net deferred tax liability	$ 210,756	$ 199,962	$ 195,175

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	6 Months Ended
	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Income Tax Disclosure [Line Items]
Valuation allowances	$ 7,000,000	$ 7,400,000	$ 7,600,000
State and local jurisdiction
Income Tax Disclosure [Line Items]
Deferred tax asset for net operating loss	$ 6,100,000
State and local jurisdiction | Minimum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2,017
State and local jurisdiction | Maximum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2,037
Puerto Rico
Income Tax Disclosure [Line Items]
Valuation allowances	$ 0	$ 0	$ 6,200,000

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($)	Aug. 16, 2017	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Statement Equity Components [Line Items]
Shares Used for Tax Withholdings (in shares)		35,882
Shares Used for Tax Withholdings		$ 3,400,000
Common stock repurchased, value		$ 567,348,000	$ 403,110,000	$ 276,895,000
2017 Stock Repurchase Program
Statement Equity Components [Line Items]
Common stock repurchased, shares		1,744,615
Common stock repurchased, value		$ 160,800,000
Stock repurchase program, authorized execution month and year		2018-11
Remaining authorized repurchase amount		$ 38,800,000
Subsequent Event | 2017 Stock Repurchase Program
Statement Equity Components [Line Items]
Stock repurchase program, authorized amount	$ 300,000,000
Stock repurchase program, authorized execution month and year	2019-08

Computation of Basic and Dilute

Computation of Basic and Diluted per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Basic net income per share
Net income	$ 46,902	$ 20,394	$ 99,270	$ 57,908
Weighted average number of common shares – basic	68,807	70,757	69,070	70,962
Net income per common share – basic	$ 0.68	$ 0.29	$ 1.44	$ 0.82
Diluted net income per share
Net income	$ 46,902	$ 20,394	$ 99,270	$ 57,908
Weighted average number of common shares – basic	68,807	70,757	69,070	70,962
Assumed exercise of stock options and vesting of restricted stock	1,994	1,230	2,083	1,243
Weighted average number of common shares – diluted	70,801	71,987	71,153	72,205
Net income per common share – diluted	$ 0.66	$ 0.28	$ 1.40	$ 0.80

Net Income Per Share - Addition

Net Income Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from diluted net income per share	170,000	170,000		145,000
Maximum
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from diluted net income per share			100,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2013 Plan - shares	May 17, 2017	Jul. 29, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for grant equity awards		5,007,307
Shares reserve at ratio for every share	2
Stock conversion basis		1-for-1 basis
Stock options and stock appreciation rights description		Stock options and stock appreciation rights continue to reduce the share reserve on a 1-for-1 basis under the Amended Plan.

Non-Cash Stock Compensation Exp

Non-Cash Stock Compensation Expense (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[1]	$ 7,405	$ 4,093	$ 12,487	$ 7,376
Restricted Stock Grants
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[2]	4,276	2,234	7,434	3,992
Stock Option Grants
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[2]	3,089	1,725	4,955	3,049
Stock Option Modification
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[3]	$ 40	$ 134	$ 98	$ 335
[1]	The amounts presented in the table above exclude taxes. For the three and six month periods ended July 29, 2017, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.9 million and $3.5 million, respectively. For the three and six month periods ended July 30, 2016, the tax benefit related to the Company’s non-cash stock compensation was approximately $1.5 million and $2.8 million, respectively.
[2]	Included in the line item “Selling, general and administrative expenses” in the Company’s Condensed Consolidated Statements of Income.
[3]	Represents non-cash compensation related to the May 2013 stock option modification. Amounts are included in the line item “Stock option modification expense” in the Company’s Condensed Consolidated Statements of Income. Refer to Note 12 to the Company’s Consolidated Financial Statements included in the Fiscal 2016 10-K (entitled “Stock-Based Compensation”) for further detail of the Company’s May 2013 stock option modification.

Non-Cash Stock Compensation E50

Non-Cash Stock Compensation Expense (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2017	Jul. 30, 2016	Jul. 29, 2017	Jul. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-Cash Stock Compensation tax benefit	$ 1.9	$ 1.5	$ 3.5	$ 2.8

Stock Option Transactions (Deta

Stock Option Transactions (Detail)	6 Months Ended
	Jul. 29, 2017$ / sharesshares
Number of Shares
Options Outstanding at Beginning of Period | shares	2,646,123
Options Granted | shares	566,664
Options Exercised | shares	(369,858)	[1]
Options Forfeited | shares	(58,996)
Options Outstanding at End of Period | shares	2,783,933
Weighted Average Exercise Price Per Share
Options Outstanding at Beginning of Period | $ / shares	$ 22.41
Options Granted | $ / shares	97.48
Options Exercised | $ / shares	15.54	[1]
Options Forfeited | $ / shares	56.48
Options Outstanding at End of Period | $ / shares	$ 37.88
[1]	Options exercised during the six month period ended July 29, 2017 had a total intrinsic value of $30.0 million.

Stock Option Transactions (Pare

Stock Option Transactions (Parenthetical) (Detail) $ in Millions	6 Months Ended
	Jul. 29, 2017USD ($)
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share based compensation option exercised total intrinsic value	$ 30

Stock Options Vested and Expect

Stock Options Vested and Expected to Vest (Detail) $ / shares in Units, $ in Millions	6 Months Ended
	Jul. 29, 2017USD ($)$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, vested and expected to vest | shares	2,783,933
Weighted Average Remaining Contractual Life (Years)	7 years 3 months 19 days
Weighted Average Exercise Price | $ / shares	$ 37.88
Aggregate Intrinsic Value | $	$ 140

Weighted Average Assumptions Us

Weighted Average Assumptions Used to Estimate Fair Value of Stock Option (Detail)	6 Months Ended
	Jul. 29, 2017$ / shares
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Risk-free interest rate, minimum	1.43%
Risk-free interest rate, maximum	2.13%
Expected volatility, minimum	34.00%
Expected volatility, maximum	37.00%
Contractual life (years)	10 years
Expected dividend yield	0.00%
Weighted average grant date fair value of options issued	$ 36.54
Minimum
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Expected life (years)	6 years 1 month 24 days
Maximum
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Expected life (years)	6 years 2 months 30 days

Award Grant, Vested and Forfeit

Award Grant, Vested and Forfeiture Transactions (Detail) - Non Vested Restricted Stock	6 Months Ended
	Jul. 29, 2017$ / sharesshares
Number of Shares
Non-Vested Awards Outstanding at Beginning of Period | shares	744,634
Awards Granted | shares	219,361
Awards Vested | shares	(110,710)	[1]
Awards Forfeited | shares	(17,393)
Non-Vested Awards Outstanding at End of Period | shares	835,892
Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding at Beginning of Period | $ / shares	$ 54.28
Awards Granted | $ / shares	95.46
Awards Vested | $ / shares	48.90	[1]
Awards Forfeited | $ / shares	57.56
Non-Vested Awards Outstanding at End of Period | $ / shares	$ 65.76
[1]	Restricted stock awards vested during the six month period ended July 29, 2017 had a total intrinsic value of $10.6 million.

Award Grant, Vested and Forfe56

Award Grant, Vested and Forfeiture Transactions (Parenthetical) (Detail) $ in Millions	6 Months Ended
	Jul. 29, 2017USD ($)
Restricted Stock Issuances
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation awards vested total intrinsic value	$ 10.6

Other Liabilities - Additional

Other Liabilities - Additional Information (Detail) - USD ($) $ in Millions	Jul. 29, 2017	Jan. 28, 2017	Jul. 30, 2016
Other Liabilities Disclosure [Abstract]
Deferred lease incentives	$ 179.6	$ 180.9	$ 171.6

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Jul. 29, 2017USD ($)Store	Jan. 28, 2017USD ($)	Jul. 30, 2016USD ($)	Nov. 30, 2005USD ($)
Commitments And Contingencies Disclosure [Line Items]
Minimum lease payments for operating leases February 3, 2018	$ 164,700,000
Minimum lease payments for operating leases February 2, 2019	357,800,000
Minimum lease payments for operating leases February 1, 2020	335,000,000
Minimum lease payments for operating leases January 30,2021	311,700,000
Minimum lease payments for operating leases January 29, 2022	285,700,000
Minimum lease payments for operating leases thereafter	1,394,000,000
Letters of credit, outstanding amount	53,000,000	$ 53,100,000	$ 40,000,000
Purchase commitments related to goods or services	976,700,000
Death benefits				$ 1,000,000
ABL senior secured revolving facility | Maximum
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	363,100,000	427,800,000	311,500,000
Guarantee Performance Under Insurance And Utility Agreement
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	43,600,000	44,200,000	31,900,000
Merchandising Agreement
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	$ 9,400,000	$ 8,900,000	$ 8,100,000
Other Capitalized Property Plant and Equipment
Commitments And Contingencies Disclosure [Line Items]
Number of stores committed to be opened | Store	68
Options to Extend Lease Terms
Commitments And Contingencies Disclosure [Line Items]
Minimum lease payments	$ 313,800,000
New Stores | Other Capitalized Property Plant and Equipment
Commitments And Contingencies Disclosure [Line Items]
Minimum lease payments	$ 500,500,000