Burlington Stores (BURL) 10-Q 30 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Aug. 04, 2018shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 4, 2018
Document Fiscal Year Focus	2,018
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	--02-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	67,550,710

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
REVENUES:
Net sales	$ 1,498,633	$ 1,363,224	$ 3,017,079	$ 2,709,769
Type of Revenue [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Other revenue	$ 6,109	$ 5,756	$ 12,371	$ 11,430
Total revenue	1,504,742	1,368,980	3,029,450	2,721,199
COSTS AND EXPENSES:
Cost of sales	877,474	808,126	1,770,156	1,604,522
Selling, general and administrative expenses	479,077	437,196	947,424	858,052
Costs related to debt amendments	79		79
Stock option modification expense		42		105
Depreciation and amortization	56,923	48,700	107,432	96,712
Impairment charges - long-lived assets		988		988
Other income - net	(4,022)	(3,680)	(5,372)	(5,586)
Loss on extinguishment of debt	1,361		1,361
Interest expense	14,581	14,544	29,103	28,058
Total costs and expenses	1,425,473	1,305,916	2,850,183	2,582,851
Income before income tax expense	79,269	63,064	179,267	138,348
Income tax expense	8,312	16,162	25,723	39,078
Net income	$ 70,957	$ 46,902	$ 153,544	$ 99,270
Net income per common stock - basic	$ 1.06	$ 0.68	$ 2.29	$ 1.44
Net income per common stock - diluted	$ 1.03	$ 0.66	$ 2.23	$ 1.40
Weighted average number of common stock - basic	66,890	68,807	66,937	69,070
Weighted average number of common stock - diluted	68,769	70,801	68,870	71,153

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 70,957	$ 46,902	$ 153,544	$ 99,270
Interest rate cap contracts:
Net unrealized (losses) gains arising during the period	(14)	(642)	972	(1,098)
Reclassification into earnings during the period	360	895	1,017	1,745
Other comprehensive income, net of tax:	346	253	1,989	647
Total comprehensive income	$ 71,303	$ 47,155	$ 155,533	$ 99,917

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Current assets:
Cash and cash equivalents	$ 89,585	$ 133,286	$ 32,648
Restricted cash and cash equivalents	21,882	27,800	27,800
Accounts receivable—net	71,026	71,649	58,941
Merchandise inventories	843,926	752,562	726,985
Prepaid and other current assets	147,574	115,136	102,089
Total current assets	1,173,993	1,100,433	948,463
Property and equipment—net	1,178,989	1,134,772	1,080,181
Tradenames	238,000	238,000	238,000
Favorable leases—net	178,448	188,947	201,221
Goodwill	47,064	47,064	47,064
Deferred tax assets	6,496	6,952	7,282
Other assets	107,631	96,661	89,557
Total assets	2,930,621	2,812,829	2,611,768
Current liabilities:
Accounts payable	761,658	736,252	603,960
Other current liabilities	355,676	370,215	317,513
Current maturities of long term debt	2,755	13,164	1,823
Total current liabilities	1,120,089	1,119,631	923,296
Long term debt	1,155,671	1,113,808	1,276,443
Other liabilities	320,343	313,130	289,891
Deferred tax liabilities	181,225	179,486	218,038
Commitments and contingencies (Note 11)
Stockholders’ equity (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: 78,950,536 shares, 78,421,947 shares and 78,225,750 shares, respectively; Outstanding: 67,550,710 shares, 67,871,725 shares and 68,972,042 shares, respectively	7	7	7
Additional paid-in-capital	1,485,418	1,457,205	1,439,231
Accumulated deficit	(522,120)	(675,664)	(961,246)
Accumulated other comprehensive income (loss)	102	(1,887)	(6,544)
Treasury stock, at cost	(810,114)	(692,887)	(567,348)
Total stockholders' equity (deficit)	153,293	86,774	(95,900)
Total liabilities and stockholders' equity (deficit)	$ 2,930,621	$ 2,812,829	$ 2,611,768

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
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	78,950,536	78,421,947	78,225,750
Common Stock, Shares Outstanding	67,550,710	67,871,725	68,972,042

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Aug. 04, 2018	Jul. 29, 2017
OPERATING ACTIVITIES
Net income		$ 153,544	$ 99,270
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization		107,432	96,712
Impairment charges—long-lived assets			988
Amortization of deferred financing costs		929	1,263
Accretion of long term debt instruments		383	544
Deferred income taxes		1,434	10,365
Non-cash loss on extinguishment of debt		1,361
Non-cash stock compensation expense	[1]	16,749	12,487
Non-cash rent		(12,663)	(13,667)
Deferred rent incentives		14,477	10,275
Changes in assets and liabilities:
Accounts receivable		(6,497)	(11,111)
Merchandise inventories		(91,363)	(25,094)
Prepaid and other current assets		(27,374)	(28,701)
Accounts payable		25,180	(35,447)
Other current liabilities		(27,417)	(48,934)
Other long term assets and long term liabilities		7,921	(1,105)
Other operating activities		2,211	4,332
Net cash provided by operating activities		166,307	72,177
INVESTING ACTIVITIES
Cash paid for property and equipment		(121,966)	(107,800)
Proceeds from insurance recoveries related to property and equipment		2,147
Lease acquisition costs		(8,543)
Other investing activities		3,178	1,100
Net cash (used in) investing activities		(125,184)	(106,700)
FINANCING ACTIVITIES
Purchase of treasury shares		(117,227)	(164,238)
Proceeds from stock option exercises		11,464	5,748
Other financing activities		(2,471)	(3,336)
Net cash (used in) financing activities		(90,742)	(14,426)
(Decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents		(49,619)	(48,949)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period		161,086	109,397
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period		111,467	60,448
Supplemental disclosure of cash flow information:
Interest paid		27,380	22,425
Income tax payments - net		53,588	96,648
Non-cash investing activities:
Accrued purchases of property and equipment		43,159	33,306
Acquisition of capital lease		13,538
ABL senior secured revolving facility
Adjustments to reconcile net income to net cash provided by operating activities
Non-cash loss on extinguishment of debt		200
FINANCING ACTIVITIES
Proceeds from long term debt		694,100	680,900
Principal payments on long term debt		(523,800)	$ (533,500)
Senior Secured Term B-5 Loans
FINANCING ACTIVITIES
Principal payments on long term debt		$ (152,808)
[1]	The amounts presented in the table above exclude taxes. For the three and six month periods ended August 4, 2018, the tax benefit related to the Company’s non-cash stock compensation was approximately $2.4 million and $4.1 million, respectively. 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Aug. 04, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation As of August 4, 2018, Burlington Stores, Inc., a Delaware corporation (collectively with its subsidiaries, the Company), through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), has expanded its store base to 651 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 February 3, 2018 (Fiscal 2017 10-K). The balance sheet at February 3, 2018 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2017 10-K. Because the Company’s business is seasonal in nature, the operating results for the three and six month periods ended August 4, 2018 are not necessarily indicative of results for the fiscal year. Accounting policies followed by the Company are described in Note 1 to the Fiscal 2017 10-K, “Summary of Significant Accounting Policies.” Fiscal Year The Company defines its fiscal year as the 52- or 53-week period ending on the Saturday closest to January 31. The current fiscal year ends February 2, 2019 (Fiscal 2018) and is a 52-week fiscal year. The fiscal year ended February 3, 2018 (Fiscal 2017) was a 53-week fiscal year. Weather-Related Incidents During the six month period ended August 4, 2018, the Company received $5.9 million of insurance proceeds related to weather-related incidents that occurred during Fiscal 2017. These proceeds resulted in a gain on insurance recovery of $1.9 million, which is included in “Other income – net” on the Company’s Condensed Consolidated Statements of Income for the three and six month periods ended August 4, 2018. The Company allocated $2.1 million of these proceeds to property and equipment, which is included in the line item “Proceeds from insurance recoveries related to property and equipment,” a component of cash flows from investing activities, on the Company’s Condensed Consolidated Statement of Cash Flows for the six month period ended August 4, 2018. Adopted Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, “Revenue from Contracts with Customers,” which converges revenue recognition under 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. The Company adopted this standard effective February 4, 2018 on a modified retrospective basis. Adoption of the standard did not result in any material change in the timing or amount of revenue recognized 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 requires the Company’s sales return reserve to be established at the gross sales value with an asset established for the value of the expected merchandise returned. The liability and asset related to the sales return reserve as of August 4, 2018 were $12.9 million and $7.7 million, respectively, and were included in the lines “Other current liabilities” and “Prepaid and other current assets,” respectively, on the Company’s Condensed Consolidated Balance Sheet. Prior period amounts have not been adjusted. As of February 3, 2018 and July 29, 2017, the net sales return reserve was $3.8 million and $4.7 million, respectively, and was included in the line “Other current liabilities” on the Company’s Condensed Consolidated Balance Sheets. The Company records revenue at the time of sale and delivery of merchandise, net of allowances for estimated future returns, which is estimated based on historical return rates. The Company presents sales, net of sales taxes, in its Condensed Consolidated Statements of Income. The Company accounts for layaway sales and leased department revenue in compliance with ASC Topic No. 606 “Revenue from Contracts with Customers” (Topic No. 606). Layaway sales are recognized upon delivery of merchandise to the customer. The amount of cash received upon initiation of the layaway is recorded as a deposit liability in the line item “Other current liabilities” in the Company’s Condensed Consolidated Balance Sheets. Stored value cards (gift cards and store credits issued for merchandise returns) are recorded as a liability at the time of issuance, and the related sale is recorded upon redemption. The Company determines an estimated stored value card breakage rate by continuously evaluating historical redemption data. Breakage income is recognized monthly in proportion to the historical redemption patterns for those stored value cards for which the likelihood of redemption is remote. In August 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. The Company adopted this standard effective February 4, 2018. Adoption of the new guidance did not have a significant impact on the Company’s Condensed Consolidated Financial Statements. In November 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 requires 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. The Company adopted this standard effective February 4, 2018. As a result of adoption, the Company has included $27.8 million of restricted cash and cash equivalents in both the beginning-of-period and end-of-period cash and cash equivalents balances on its Condensed Consolidated Statement of Cash Flows for the six month period ended July 29, 2017. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities.” This ASU eliminates the concept of recognizing periodic hedge ineffectiveness for cash flow and net investment hedges. As a result, changes in fair value for hedging instruments designated as a cash flow or net investment hedge will be recognized as a component of other comprehensive income, regardless of whether or not an economic mismatch exists in the hedging relationship. Additionally, the ASU eliminates the benchmark interest rate concept for variable-rate instruments in cash flow hedges. As a result, the contractually specified interest rate can now be designated as the hedged risk. The Company has elected to adopt the ASU as of February 4, 2018, using a modified retrospective transition method. Adoption of this ASU did not have a significant impact on the Company’s Condensed Consolidated Financial Statements. Pending Accounting Standards 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 2017 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 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 August 4, 2018, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of August 4, 2018 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
	Aug. 04, 2018
Debt Disclosure [Abstract]
Long Term Debt	2. Long Term Debt Long term debt consists of: (in thousands) August 4, February 3, July 29, 2018 2018 2017 $1,200,000 senior secured term loan facility (Term B-5 Loans), LIBOR (with a floor of 0.75%) plus 2.50%, matures on November 17, 2024 $ 957,179 $ 1,108,913 — $1,200,000 senior secured term loan facility (Term B-4 Loans), LIBOR (with a floor of 0.75%) plus 2.75%, redeemed in full on November 17, 2017 — — $ 1,112,588 $600,000 ABL senior secured revolving facility, LIBOR plus spread based on average outstanding balance, matures on June 29, 2023 170,300 — 147,400 Capital lease obligations 34,058 21,931 22,912 Unamortized deferred financing costs (3,111 ) (3,872 ) (4,634 ) Total debt 1,158,426 1,126,972 1,278,266 Less: current maturities (2,755 ) (13,164 ) (1,823 ) Long term debt, net of current maturities $ 1,155,671 $ 1,113,808 $ 1,276,443 Term Loan Facility At August 4, 2018 and July 29, 2017, the Company’s borrowing rate related to its senior secured term loan facility 4.6 During June 2018, the Company prepaid $150.0 million on the Term Loan Facility. In accordance with ASC Topic No. 470-50, “Debt Modifications and Extinguishments” (Topic No. 470), the Company recognized a non-cash loss on the extinguishment of debt of $1.2 million, representing the write-off of $0.7 million and $0.5 million in unamortized original issue discount and deferred financing costs, respectively, which was recorded in the line item “Loss on extinguishment of debt” in the Company’s Condensed Consolidated Statements of Income for the three and six month periods ended August 4, 2018. ABL Line of Credit On June 29, 2018, BCFWC entered into a Second Amendment (the Second Amendment) to the Second Amended and Restated Credit Agreement, dated September 2, 2011 (the ABL Credit Agreement). The Second Amendment, among other things, extended the maturity date from August 13, 2019 to June 29, 2023 and adjusted the pricing grid such that the lower interest rate of 1.25% in the case of LIBOR loans and 0.25% in the case of prime rate loans is applicable so long as the Company maintains at least 40% average daily availability (as opposed to 50%). In connection with its entry into the Second Amendment, and in accordance with Topic No. 470, the Company recognized a non-cash loss on the extinguishment of debt of $0.2 million, representing the write-off of deferred financing costs, which was recorded in the line item “Loss on extinguishment of debt” in the Company’s Condensed Consolidated Statements of Income for the three and six month periods ended August 4, 2018. At August 4, 2018, the Company had $ 367.9 At July 29, 2017, the Company had $363.1 million available under 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.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Aug. 04, 2018
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. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. However, as of August 4, 2018, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustment is not significant to the overall valuation of its derivative portfolios. As a result, the Company classifies its derivative valuations in Level 2 of the fair value hierarchy. 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. As of August 4, 2018, 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 August 4, 2018 February 3, 2018 July 29, 2017 Derivatives Designated as Hedging Instruments Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest rate cap contracts Prepaid and other current assets $ 5,065 Other assets $ 4,543 Other liabilities $ 2,409 The following table presents the unrealized gains and losses deferred to accumulated other comprehensive income (loss) resulting from the Company’s derivative instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Interest Rate Cap Contracts: August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Unrealized (losses) gains, before taxes $ (20 ) $ (1,070 ) $ 1,344 $ (1,826 ) Income tax benefit (expense) 6 428 (372 ) 728 Unrealized (losses) gains, net of taxes $ (14 ) $ (642 ) $ 972 $ (1,098 ) The following table presents information about the reclassification of gains and losses from accumulated other comprehensive income (loss) into earnings related to the Company’s derivative instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Component of Earnings: August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Interest expense $ 498 $ 1,491 $ 1,406 $ 2,902 Income tax expense (138 ) (596 ) (389 ) (1,157 ) Net income $ 360 $ 895 $ 1,017 $ 1,745 The Company estimates that approximately $0.2 million will be reclassified from accumulated other comprehensive income (loss) into interest expense during the next twelve months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Aug. 04, 2018
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	4. Accumulated Other Comprehensive Income (Loss) Amounts included in accumulated other comprehensive income (loss) are recorded net of the related income tax effects. The following table details the changes in accumulated other comprehensive income (loss): (in thousands) Derivative Instruments Balance at February 3, 2018 $ (1,887 ) Unrealized gains, net of related taxes of $0.4 million 972 Amount reclassified into earnings, net of related taxes of $0.4 million 1,017 Balance at August 4, 2018 $ 102

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 04, 2018
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 August 4, 2018, February 3, 2018 and July 29, 2017 are summarized below: (in thousands) Fair Value Measurements at August 4, February 3, July 29, 2018 2018 2017 Level 1 Cash equivalents (including restricted cash) $ 22,437 $ 28,283 $ 28,211 Financial Liabilities The fair values of the Company’s financial liabilities are summarized below: (in thousands) August 4, 2018 February 3, 2018 July 29, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Term B-5 Loans $ 957,179 $ 958,974 $ 1,108,913 $ 1,108,913 $ — $ — Term B-4 Loans — — — $ — 1,112,588 1,119,078 ABL senior secured revolving facility 170,300 170,300 — — 147,400 147,400 Total debt $ 1,127,479 $ 1,129,274 $ 1,108,913 $ 1,108,913 $ 1,259,988 $ 1,266,478 Capital lease obligations are excluded from the table above. 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. 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
	Aug. 04, 2018
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes Net deferred taxes are as follows: (in thousands) August 4, February 3, July 29, 2018 2018 2017 Deferred tax asset $ 6,496 $ 6,952 $ 7,282 Deferred tax liability 181,225 179,486 218,038 Net deferred tax liability $ 174,729 $ 172,534 $ 210,756 Deferred tax assets relate to Puerto Rico deferred balances that have a future net 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 August 4, 2018, February 3, 2018 and July 29, 2017, valuation allowances amounted to $8.4 million, $8.4 million and $7.0 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 this portion of the benefit of these state tax net operating losses and state tax credit carry-forwards will not be realized. As of August 4, 2018, the Company has a deferred tax asset related to net operating losses of $11.2 million, inclusive of $9.7 million of state net operating losses, which will expire at various dates between 2018 and 2038, as well as $1.5 million of deferred tax assets recorded for Puerto Rico net operating loss carry-forwards that will begin to expire in 2025. As of August 4, 2018, the Company has a deferred tax asset related to tax credit carry-forwards of $4.9 million, inclusive of $3.3 million of state tax credit carry-forwards, which will begin to expire in 2021, as well as $1.6 million of deferred tax assets recorded for Puerto Rico alternative minimum tax (AMT) credits that have an indefinite life. The U.S. Tax Cuts and Jobs Act of 2017 (the Tax Act) was signed into law on December 22, 2017. The Tax Act, among other things, lowered the federal statutory rate from 35% to 21%.

Capital Stock

Capital Stock	6 Months Ended
	Aug. 04, 2018
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 August 4, 2018, the Company acquired 49,800 shares of common stock from employees for approximately $6.8 million to satisfy their minimum statutory tax withholdings related to the vesting of restricted stock awards, which was recorded in the line item “Treasury stock” on the Company’s Condensed Consolidated Balance Sheets, and the line item “Purchase of treasury shares” on the Company’s Condensed Consolidated Statements of Cash Flows. Share Repurchase Programs During the six month period ended August 4, 2018, the Company repurchased 799,264 shares of its common stock for $110.4 million, inclusive of commissions, under its share repurchase program, which was recorded in the line item “Treasury stock” on the Company’s Condensed Consolidated Balance Sheets, and the line item “Purchase of treasury shares” on the Company’s Condensed Consolidated Statements of Cash Flows. This repurchase program, which was approved by the Company’s Board of Directors in August 2017, is authorized to be executed through August 2019 and is funded using the Company’s available cash and borrowings under the ABL Line of Credit. As of August 4, 2018, the Company had $106.7 million remaining under this share repurchase authorization. On August 15, 2018, the Company’s Board of Directors authorized the repurchase of up to an additional $300 million of common stock. This new repurchase program, which is in addition to the share repurchase program approved by the Company’s Board of Directors in August 2017, is authorized to be executed through August 2020.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Aug. 04, 2018
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. The following table presents the computation of basic and diluted net income per share: (in thousands, except per share data) Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, 2018 2017 2018 2017 Basic net income per share Net income $ 70,957 $ 46,902 $ 153,544 $ 99,270 Weighted average number of common shares – basic 66,890 68,807 66,937 69,070 Net income per common share – basic $ 1.06 $ 0.68 $ 2.29 $ 1.44 Diluted net income per share Net income $ 70,957 $ 46,902 $ 153,544 $ 99,270 Shares for basic and diluted net income per share: Weighted average number of common shares – basic 66,890 68,807 66,937 69,070 Assumed exercise of stock options and vesting of restricted stock 1,879 1,994 1,933 2,083 Weighted average number of common shares – diluted 68,769 70,801 68,870 71,153 Net income per common share – diluted $ 1.03 $ 0.66 $ 2.23 $ 1.40 Approximately 500,000 and 360,000 shares were excluded from diluted net income per share for the three and six month periods ended August 4, 2018, respectively, since their effect was anti-dilutive. Approximately 170,000 and less than 100,000 shares were excluded from diluted net income per share for the three and six month periods ended July 29, 2017, respectively, since their effect was anti-dilutive.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Aug. 04, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	9. Stock-Based Compensation As of August 4, 2018, there were 4,198,590 Non-cash stock compensation expense is as follows: (in thousands) Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, Type of Non-Cash Stock Compensation 2018 2017 2018 2017 Restricted stock grants (a) $ 5,090 $ 4,276 $ 9,074 $ 7,434 Stock option grants (a) 4,636 3,089 7,675 4,955 Stock option modification (b) — 40 — 98 Total (c) $ 9,726 $ 7,405 $ 16,749 $ 12,487 (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, which became fully vested during Fiscal 2017. Amounts are included in the line item “Stock option modification expense” in the Company’s Condensed Consolidated Statements of Income. The Company does not expect to recognize any additional compensation expense related to the modification. (c) The amounts presented in the table above exclude taxes. For the three and six month periods ended August 4, 2018, the tax benefit related to the Company’s non-cash stock compensation was approximately $2.4 million and $4.1 million, respectively. 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. Stock Options Stock option transactions during the six month period ended August 4, 2018 are summarized as follows: Number of Shares Weighted Average Exercise Price Per Share Options outstanding, February 3, 2018 2,579,831 $ 39.79 Options granted 500,821 135.30 Options exercised (a) (396,356 ) 28.92 Options forfeited (18,535 ) 49.01 Options outstanding, August 4, 2018 2,665,761 $ 59.29 (a) Options exercised during the six month period ended August 4, 2018 had a total intrinsic value of $ 45.0 The following table summarizes information about the stock options vested and expected to vest during the contractual term of such options as of August 4, 2018: Options Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value (in millions) Vested and expected to vest 2,665,761 7.1 $ 59.29 $ 252.8 The fair value of each stock option granted during the six month period ended August 4, 2018 was estimated using the Black Scholes option pricing model using the following assumptions: Six Months Ended August 4, 2018 Risk-free interest rate 2.13% - 3.00% Expected volatility 32% - 34% Expected life (years) 5.92 - 6.25 Contractual life (years) 10.0 Expected dividend yield 0.0% Weighted average grant date fair value of options issued $ 50.64 The expected dividend yield was based on the Company’s expectation of not paying dividends in the near term. 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 August 4, 2018, 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 relatively 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 August 4, 2018 are summarized as follows: Number of Shares Weighted Average Grant Date Fair Value Per Awards Non-vested awards outstanding, February 3, 2018 748,894 $ 66.99 Awards granted 141,130 135.65 Awards vested (a) (155,157 ) 62.43 Awards forfeited (8,897 ) 84.08 Non-vested awards outstanding, August 4, 2018 725,970 81.10 (a) Restricted stock awards vested during the six month period ended August 4, 2018 had a total intrinsic value of $ 21.2 The fair value of each share of restricted stock granted during Fiscal 2018 was based upon the closing price of the Company’s common stock on the grant date

Other Liabilities

Other Liabilities	6 Months Ended
	Aug. 04, 2018
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 August 4, 2018, February 3, 2018 and July 29, 2017, deferred lease incentives were $199.1 million, $206.0 million and $179.6 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
	Aug. 04, 2018
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 $ 180.3 384.8 372.0 351.9 331.6 1,560.4 267.4 546.8 75 Letters of Credit The Company had letter of credit arrangements with various banks in the aggregate amount of $ 60.0 44.4 15.6 367.9 Purchase Commitments The Company had $ 1,101.5 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
	Aug. 04, 2018
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
	Aug. 04, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation As of August 4, 2018, Burlington Stores, Inc., a Delaware corporation (collectively with its subsidiaries, the Company), through its indirect subsidiary Burlington Coat Factory Warehouse Corporation (BCFWC), has expanded its store base to 651 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 February 3, 2018 (Fiscal 2017 10-K). The balance sheet at February 3, 2018 presented herein has been derived from the audited Consolidated Financial Statements contained in the Fiscal 2017 10-K. Because the Company’s business is seasonal in nature, the operating results for the three and six month periods ended August 4, 2018 are not necessarily indicative of results for the fiscal year. Accounting policies followed by the Company are described in Note 1 to the Fiscal 2017 10-K, “Summary of Significant Accounting Policies.”
Fiscal Year	Fiscal Year The Company defines its fiscal year as the 52- or 53-week period ending on the Saturday closest to January 31. The current fiscal year ends February 2, 2019 (Fiscal 2018) and is a 52-week fiscal year. The fiscal year ended February 3, 2018 (Fiscal 2017) was a 53-week fiscal year.
Weather-Related Incidents	Weather-Related Incidents During the six month period ended August 4, 2018, the Company received $5.9 million of insurance proceeds related to weather-related incidents that occurred during Fiscal 2017. These proceeds resulted in a gain on insurance recovery of $1.9 million, which is included in “Other income – net” on the Company’s Condensed Consolidated Statements of Income for the three and six month periods ended August 4, 2018. The Company allocated $2.1 million of these proceeds to property and equipment, which is included in the line item “Proceeds from insurance recoveries related to property and equipment,” a component of cash flows from investing activities, on the Company’s Condensed Consolidated Statement of Cash Flows for the six month period ended August 4, 2018.
Adopted Accounting Standards	Adopted Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, “Revenue from Contracts with Customers,” which converges revenue recognition under 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. The Company adopted this standard effective February 4, 2018 on a modified retrospective basis. Adoption of the standard did not result in any material change in the timing or amount of revenue recognized 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 requires the Company’s sales return reserve to be established at the gross sales value with an asset established for the value of the expected merchandise returned. The liability and asset related to the sales return reserve as of August 4, 2018 were $12.9 million and $7.7 million, respectively, and were included in the lines “Other current liabilities” and “Prepaid and other current assets,” respectively, on the Company’s Condensed Consolidated Balance Sheet. Prior period amounts have not been adjusted. As of February 3, 2018 and July 29, 2017, the net sales return reserve was $3.8 million and $4.7 million, respectively, and was included in the line “Other current liabilities” on the Company’s Condensed Consolidated Balance Sheets. The Company records revenue at the time of sale and delivery of merchandise, net of allowances for estimated future returns, which is estimated based on historical return rates. The Company presents sales, net of sales taxes, in its Condensed Consolidated Statements of Income. The Company accounts for layaway sales and leased department revenue in compliance with ASC Topic No. 606 “Revenue from Contracts with Customers” (Topic No. 606). Layaway sales are recognized upon delivery of merchandise to the customer. The amount of cash received upon initiation of the layaway is recorded as a deposit liability in the line item “Other current liabilities” in the Company’s Condensed Consolidated Balance Sheets. Stored value cards (gift cards and store credits issued for merchandise returns) are recorded as a liability at the time of issuance, and the related sale is recorded upon redemption. The Company determines an estimated stored value card breakage rate by continuously evaluating historical redemption data. Breakage income is recognized monthly in proportion to the historical redemption patterns for those stored value cards for which the likelihood of redemption is remote. In August 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. The Company adopted this standard effective February 4, 2018. Adoption of the new guidance did not have a significant impact on the Company’s Condensed Consolidated Financial Statements. In November 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 requires 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. The Company adopted this standard effective February 4, 2018. As a result of adoption, the Company has included $27.8 million of restricted cash and cash equivalents in both the beginning-of-period and end-of-period cash and cash equivalents balances on its Condensed Consolidated Statement of Cash Flows for the six month period ended July 29, 2017. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities.” This ASU eliminates the concept of recognizing periodic hedge ineffectiveness for cash flow and net investment hedges. As a result, changes in fair value for hedging instruments designated as a cash flow or net investment hedge will be recognized as a component of other comprehensive income, regardless of whether or not an economic mismatch exists in the hedging relationship. Additionally, the ASU eliminates the benchmark interest rate concept for variable-rate instruments in cash flow hedges. As a result, the contractually specified interest rate can now be designated as the hedged risk. The Company has elected to adopt the ASU as of February 4, 2018, using a modified retrospective transition method. Adoption of this ASU did not have a significant impact on the Company’s Condensed Consolidated Financial Statements.
Pending Accounting Standards	Pending Accounting Standards 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 2017 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 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 August 4, 2018, and there were no other new accounting standards or pronouncements that were issued but not yet effective as of August 4, 2018 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
	Aug. 04, 2018
Debt Disclosure [Abstract]
Long Term Debt	Long term debt consists of: (in thousands) August 4, February 3, July 29, 2018 2018 2017 $1,200,000 senior secured term loan facility (Term B-5 Loans), LIBOR (with a floor of 0.75%) plus 2.50%, matures on November 17, 2024 $ 957,179 $ 1,108,913 — $1,200,000 senior secured term loan facility (Term B-4 Loans), LIBOR (with a floor of 0.75%) plus 2.75%, redeemed in full on November 17, 2017 — — $ 1,112,588 $600,000 ABL senior secured revolving facility, LIBOR plus spread based on average outstanding balance, matures on June 29, 2023 170,300 — 147,400 Capital lease obligations 34,058 21,931 22,912 Unamortized deferred financing costs (3,111 ) (3,872 ) (4,634 ) Total debt 1,158,426 1,126,972 1,278,266 Less: current maturities (2,755 ) (13,164 ) (1,823 ) Long term debt, net of current maturities $ 1,155,671 $ 1,113,808 $ 1,276,443

Derivative Instruments and He21

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Aug. 04, 2018
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 August 4, 2018 February 3, 2018 July 29, 2017 Derivatives Designated as Hedging Instruments Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest rate cap contracts Prepaid and other current assets $ 5,065 Other assets $ 4,543 Other liabilities $ 2,409
Summary of Unrealized Gains and Losses Deferred to Accumulated Other Comprehensive Income (Loss)	The following table presents the unrealized gains and losses deferred to accumulated other comprehensive income (loss) resulting from the Company’s derivative instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Interest Rate Cap Contracts: August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Unrealized (losses) gains, before taxes $ (20 ) $ (1,070 ) $ 1,344 $ (1,826 ) Income tax benefit (expense) 6 428 (372 ) 728 Unrealized (losses) gains, net of taxes $ (14 ) $ (642 ) $ 972 $ (1,098 )
Reclassification of Gains and Losses from Accumulated Other Comprehensive Income (Loss) into Earnings	The following table presents information about the reclassification of gains and losses from accumulated other comprehensive income (loss) into earnings related to the Company’s derivative instruments for each of the reporting periods. (in thousands) Three Months Ended Six Months Ended Component of Earnings: August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Interest expense $ 498 $ 1,491 $ 1,406 $ 2,902 Income tax expense (138 ) (596 ) (389 ) (1,157 ) Net income $ 360 $ 895 $ 1,017 $ 1,745
Derivatives Designated as Hedging Instruments
Outstanding Interest Rate Derivatives in Qualifying Hedging Relationships	As of August 4, 2018, 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 Income (Loss) (Tables)	6 Months Ended
	Aug. 04, 2018
Equity [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss)	The following table details the changes in accumulated other comprehensive income (loss): (in thousands) Derivative Instruments Balance at February 3, 2018 $ (1,887 ) Unrealized gains, net of related taxes of $0.4 million 972 Amount reclassified into earnings, net of related taxes of $0.4 million 1,017 Balance at August 4, 2018 $ 102

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 04, 2018
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 August 4, 2018, February 3, 2018 and July 29, 2017 are summarized below: (in thousands) Fair Value Measurements at August 4, February 3, July 29, 2018 2018 2017 Level 1 Cash equivalents (including restricted cash) $ 22,437 $ 28,283 $ 28,211
Fair Values of Financial Liabilities	The fair values of the Company’s financial liabilities are summarized below: (in thousands) August 4, 2018 February 3, 2018 July 29, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Carrying Amount Fair Value Term B-5 Loans $ 957,179 $ 958,974 $ 1,108,913 $ 1,108,913 $ — $ — Term B-4 Loans — — — $ — 1,112,588 1,119,078 ABL senior secured revolving facility 170,300 170,300 — — 147,400 147,400 Total debt $ 1,127,479 $ 1,129,274 $ 1,108,913 $ 1,108,913 $ 1,259,988 $ 1,266,478

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Aug. 04, 2018
Income Tax Disclosure [Abstract]
Net Deferred Taxes	Net deferred taxes are as follows: (in thousands) August 4, February 3, July 29, 2018 2018 2017 Deferred tax asset $ 6,496 $ 6,952 $ 7,282 Deferred tax liability 181,225 179,486 218,038 Net deferred tax liability $ 174,729 $ 172,534 $ 210,756

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Aug. 04, 2018
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income per Share	The following table presents the computation of basic and diluted net income per share: (in thousands, except per share data) Three Months Ended Six Months Ended August 4, July 29, August 4, July 29, 2018 2017 2018 2017 Basic net income per share Net income $ 70,957 $ 46,902 $ 153,544 $ 99,270 Weighted average number of common shares – basic 66,890 68,807 66,937 69,070 Net income per common share – basic $ 1.06 $ 0.68 $ 2.29 $ 1.44 Diluted net income per share Net income $ 70,957 $ 46,902 $ 153,544 $ 99,270 Shares for basic and diluted net income per share: Weighted average number of common shares – basic 66,890 68,807 66,937 69,070 Assumed exercise of stock options and vesting of restricted stock 1,879 1,994 1,933 2,083 Weighted average number of common shares – diluted 68,769 70,801 68,870 71,153 Net income per common share – diluted $ 1.03 $ 0.66 $ 2.23 $ 1.40

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Aug. 04, 2018
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 August 4, July 29, August 4, July 29, Type of Non-Cash Stock Compensation 2018 2017 2018 2017 Restricted stock grants (a) $ 5,090 $ 4,276 $ 9,074 $ 7,434 Stock option grants (a) 4,636 3,089 7,675 4,955 Stock option modification (b) — 40 — 98 Total (c) $ 9,726 $ 7,405 $ 16,749 $ 12,487 (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, which became fully vested during Fiscal 2017. Amounts are included in the line item “Stock option modification expense” in the Company’s Condensed Consolidated Statements of Income. The Company does not expect to recognize any additional compensation expense related to the modification. (c) The amounts presented in the table above exclude taxes. For the three and six month periods ended August 4, 2018, the tax benefit related to the Company’s non-cash stock compensation was approximately $2.4 million and $4.1 million, respectively. 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.
Stock Option Transactions	Stock option transactions during the six month period ended August 4, 2018 are summarized as follows: Number of Shares Weighted Average Exercise Price Per Share Options outstanding, February 3, 2018 2,579,831 $ 39.79 Options granted 500,821 135.30 Options exercised (a) (396,356 ) 28.92 Options forfeited (18,535 ) 49.01 Options outstanding, August 4, 2018 2,665,761 $ 59.29 (a) Options exercised during the six month period ended August 4, 2018 had a total intrinsic value of $ 45.0
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 of such options as of August 4, 2018: Options Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value (in millions) Vested and expected to vest 2,665,761 7.1 $ 59.29 $ 252.8
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 August 4, 2018 was estimated using the Black Scholes option pricing model using the following assumptions: Six Months Ended August 4, 2018 Risk-free interest rate 2.13% - 3.00% Expected volatility 32% - 34% Expected life (years) 5.92 - 6.25 Contractual life (years) 10.0 Expected dividend yield 0.0% Weighted average grant date fair value of options issued $ 50.64
Award Grant and Vesting Transactions	Restricted stock transactions during the six month period ended August 4, 2018 are summarized as follows: Number of Shares Weighted Average Grant Date Fair Value Per Awards Non-vested awards outstanding, February 3, 2018 748,894 $ 66.99 Awards granted 141,130 135.65 Awards vested (a) (155,157 ) 62.43 Awards forfeited (8,897 ) 84.08 Non-vested awards outstanding, August 4, 2018 725,970 81.10 (a) Restricted stock awards vested during the six month period ended August 4, 2018 had a total intrinsic value of $ 21.2

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 04, 2018USD ($)Store	Aug. 04, 2018USD ($)Store	Feb. 03, 2018USD ($)	Jul. 29, 2017USD ($)	Jan. 28, 2017USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of stores | Store	651	651
Restricted cash and cash equivalents	$ 21,882	$ 21,882	$ 27,800	$ 27,800	$ 27,800
Other Current Liabilities
Summary Of Significant Accounting Policies [Line Items]
Sales return reserve	12,900	12,900	$ 3,800	$ 4,700
Prepaid and Other Current Assets
Summary Of Significant Accounting Policies [Line Items]
Merchandise return asset	7,700	7,700
Weather Related Incidents
Summary Of Significant Accounting Policies [Line Items]
Insurance proceeds		5,900
Weather Related Incidents | Property and Equipment
Summary Of Significant Accounting Policies [Line Items]
Insurance proceeds		2,100
Weather Related Incidents | Other Income Net
Summary Of Significant Accounting Policies [Line Items]
Gain on insurance recovery	$ 1,900	$ 1,900
ASU 2014-09 | 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	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Debt Instrument [Line Items]
Capital lease obligations	$ 34,058	$ 21,931	$ 22,912
Unamortized deferred financing costs	(3,111)	(3,872)	(4,634)
Total debt	1,158,426	1,126,972	1,278,266
Less: current maturities	(2,755)	(13,164)	(1,823)
Long term debt, net of current maturities	1,155,671	1,113,808	1,276,443
Senior Secured Term B-5 Loan
Debt Instrument [Line Items]
Long Term Debt	957,179	$ 1,108,913
Senior Secured Term B-4 Loans
Debt Instrument [Line Items]
Long Term Debt			1,112,588
ABL senior secured revolving facility
Debt Instrument [Line Items]
Long Term Debt	$ 170,300		$ 147,400

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 29, 2018	Aug. 04, 2018	Jul. 29, 2017	Feb. 03, 2018
Senior Secured Term B-5 Loan
Debt Instrument [Line Items]
Long-Term Debt, maturity date		Nov. 17, 2024	Nov. 17, 2024	Nov. 17, 2024
Long-Term Debt, face amount		$ 1,200,000	$ 1,200,000	$ 1,200,000
Senior Secured Term B-4 Loans
Debt Instrument [Line Items]
Long-Term Debt, face amount		$ 1,200,000	$ 1,200,000	$ 1,200,000
Long-Term Debt, redemption date		Nov. 17, 2017	Nov. 17, 2017	Nov. 17, 2017
ABL senior secured revolving facility
Debt Instrument [Line Items]
Long-Term Debt, maturity date	Aug. 13, 2019	Jun. 29, 2023	Jun. 29, 2023	Jun. 29, 2023
Long-Term Debt, face amount		$ 600,000	$ 600,000	$ 600,000
London Interbank Offered Rate Floor | Senior Secured Term B-5 Loan
Debt Instrument [Line Items]
Long-Term Debt, interest rate		0.75%	0.75%	0.75%
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-5 Loan
Debt Instrument [Line Items]
Long-Term Debt, interest rate		2.50%	2.50%	2.50%
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%
London Interbank Offered Rate (LIBOR) | ABL senior secured revolving facility
Debt Instrument [Line Items]
Long-Term Debt, interest rate	1.25%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Jun. 29, 2018	Jun. 30, 2018	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017	Feb. 03, 2018
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ (1,361,000)		$ (1,361,000)
Term Loan Facility
Debt Instrument [Line Items]
Long-Term Debt, payment		$ 150,000,000
Loss on extinguishment of debt		(1,200,000)
Write-off of Unamortized Original Issue Discount [Member] | Term Loan Facility
Debt Instrument [Line Items]
Loss on extinguishment of debt		(700,000)
Write-off in Deferred Financing Costs [Member] | Term Loan Facility
Debt Instrument [Line Items]
Loss on extinguishment of debt		$ (500,000)
Senior Secured Term Loan Facilities
Debt Instrument [Line Items]
Borrowing, interest rate			4.60%	4.00%	4.60%	4.00%
ABL senior secured revolving facility
Debt Instrument [Line Items]
Loss on extinguishment of debt					$ (200,000)
Debt instrument maturity date	Aug. 13, 2019				Jun. 29, 2023	Jun. 29, 2023	Jun. 29, 2023
Line of Credit Facility, amount available			$ 367,900,000	$ 363,100,000	$ 367,900,000	$ 363,100,000
Line of Credit Facility, maximum amount outstanding during period			255,000,000	180,300,000	255,000,000	180,300,000
Line of Credit Facility, Average borrowings			$ 115,000,000	$ 79,000,000	$ 71,800,000	$ 55,500,000
Line of Credit Facility, Average interest rate			3.30%	2.80%	3.30%	2.70%
ABL senior secured revolving facility | Previously Reported
Debt Instrument [Line Items]
Daily minimum average available credit facility percentage	50.00%
ABL senior secured revolving facility | Restated
Debt Instrument [Line Items]
Daily minimum average available credit facility percentage					40.00%
ABL senior secured revolving facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of Credit Facility, interest rate	1.25%
ABL senior secured revolving facility | Prime Rate
Debt Instrument [Line Items]
Line of Credit Facility, interest rate	0.25%

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
	Aug. 04, 2018USD ($)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 He32

Derivative Instruments and Hedging Activities (Detail) - Interest rate cap - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Prepaid and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Designated as Hedging Instruments Interest Rate Cap Contracts, Asset at Fair Value	$ 5,065
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Designated as Hedging Instruments Interest Rate Cap Contracts, Asset at Fair Value		$ 4,543
Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Designated as Hedging Instruments Interest Rate Cap Contracts, Liability at Fair Value			$ 2,409

Summary of Unrealized Gains and

Summary of Unrealized Gains and Losses Deferred to Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Derivative Instruments Gain Loss [Line Items]
Unrealized (losses) gains, net of taxes	$ (14)	$ (642)	$ 972	$ (1,098)
Derivatives Designated as Hedging Instruments | Interest rate cap
Derivative Instruments Gain Loss [Line Items]
Unrealized (losses) gains, before taxes	(20)	(1,070)	1,344	(1,826)
Income tax benefit (expense)	6	428	(372)	728
Unrealized (losses) gains, net of taxes	$ (14)	$ (642)	$ 972	$ (1,098)

Reclassification of Gains and L

Reclassification of Gains and Losses from Accumulated Other Comprehensive Income (Loss) into Earnings (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income On Derivatives [Line Items]
Interest expense	$ (14,581)	$ (14,544)	$ (29,103)	$ (28,058)
Income tax expense	(8,312)	(16,162)	(25,723)	(39,078)
Net income	70,957	46,902	153,544	99,270
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	498	1,491	1,406	2,902
Income tax expense	(138)	(596)	(389)	(1,157)
Net income	$ 360	$ 895	$ 1,017	$ 1,745

Derivative Instruments And He35

Derivative Instruments And Hedging Activities - Additional Information (Detail) $ in Millions	Aug. 04, 2018USD ($)
Interest rate cap
Derivative [Line Items]
Amounts reported in Accumulated Other Comprehensive Income (Loss) to be reclassified to interest expense, during the next twelve months	$ 0.2

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss) (Detail) $ in Thousands	6 Months Ended
	Aug. 04, 2018USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 86,774
Balance at end of period	153,293
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,887)
Unrealized gains, net of related taxes of $0.4 million	972
Amount reclassified into earnings, net of related taxes of $0.4 million	1,017
Balance at end of period	$ 102

Changes in Accumulated Other 37

Changes in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - Derivative Instruments $ in Millions	6 Months Ended
	Aug. 04, 2018USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized gains on Interest Rate Cap Contracts, Tax	$ 0.4
Amount reclassified into earnings on Interest Rate Cap Contracts, Tax	$ 0.4

Fair Values of Financial Assets

Fair Values of Financial Assets and Hierarchy of Level of Inputs (Detail) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Fair Value, Inputs, Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents (including restricted cash)	$ 22,437	$ 28,283	$ 28,211

Fair Values of Financial Liabil

Fair Values of Financial Liabilities (Detail) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Carrying Amount	$ 1,127,479	$ 1,108,913	$ 1,259,988
Long-Term Debt, Fair Value	1,129,274	1,108,913	1,266,478
Term B-5 Loans
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Carrying Amount	957,179	1,108,913
Long-Term Debt, Fair Value	958,974	$ 1,108,913
Term B-4 Loans
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Carrying Amount			1,112,588
Long-Term Debt, Fair Value			1,119,078
ABL senior secured revolving facility
Carrying Amounts And Fair Values Of Financial Instruments [Line Items]
Long-Term Debt, Carrying Amount	170,300		147,400
Long-Term Debt, Fair Value	$ 170,300		$ 147,400

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	6 Months Ended
	Aug. 04, 2018
Fair Value Disclosures [Abstract]
Borrowings increments number of days	30 days

Net Deferred Taxes (Detail)

Net Deferred Taxes (Detail) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Income Tax Disclosure [Abstract]
Deferred tax asset	$ 6,496	$ 6,952	$ 7,282
Deferred tax liability	181,225	179,486	218,038
Net deferred tax liability	$ 174,729	$ 172,534	$ 210,756

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Income Tax Disclosure [Line Items]
Valuation allowances	$ 8.4	$ 8.4	$ 7
Deferred tax asset for net operating loss	$ 11.2
Statutory corporate income tax rate	21.00%
Maximum [Member]
Income Tax Disclosure [Line Items]
Statutory corporate income tax rate		35.00%
State and local jurisdiction
Income Tax Disclosure [Line Items]
Deferred tax asset for net operating loss	$ 9.7
Tax credit carryforwards	$ 3.3
Tax credit expiration period	2,021
State and local jurisdiction | Minimum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2,018
State and local jurisdiction | Maximum [Member]
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2,038
Puerto Rico
Income Tax Disclosure [Line Items]
Deferred tax asset for net operating loss	$ 1.5
Tax credit carryforwards	4.9
Amount of alternative minimum tax credits	$ 1.6
Alternative minimum tax credits, expiration life	indefinite life
Puerto Rico | Minimum
Income Tax Disclosure [Line Items]
Net operating losses subject to expiration year	2,025

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($)	Aug. 15, 2018	Aug. 04, 2018
Statement Equity Components [Line Items]
Shares Used for Tax Withholdings (in shares)		49,800
2018 Stock Repurchase Program
Statement Equity Components [Line Items]
Common stock repurchased, shares		799,264
Common stock repurchased, value		$ 110,400,000
Stock repurchase program, authorized execution month and year		2019-08
Remaining authorized repurchase amount		$ 106,700,000
2018 Stock Repurchase Program | Subsequent Event
Statement Equity Components [Line Items]
Stock repurchase program, authorized execution month and year	2020-08
Stock repurchase program, authorized amount	$ 300,000,000
Treasury Stock
Statement Equity Components [Line Items]
Shares Used for Tax Withholdings		$ 6,800,000

Computation of Basic and Dilute

Computation of Basic and Diluted Net Income per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Basic net income per share
Net income	$ 70,957	$ 46,902	$ 153,544	$ 99,270
Weighted average number of common shares – basic	66,890	68,807	66,937	69,070
Net income per common share – basic	$ 1.06	$ 0.68	$ 2.29	$ 1.44
Diluted net income per share
Net income	$ 70,957	$ 46,902	$ 153,544	$ 99,270
Weighted average number of common shares – basic	66,890	68,807	66,937	69,070
Assumed exercise of stock options and vesting of restricted stock	1,879	1,994	1,933	2,083
Weighted average number of common shares – diluted	68,769	70,801	68,870	71,153
Net income per common share – diluted	$ 1.03	$ 0.66	$ 2.23	$ 1.40

Net Income Per Share - Addition

Net Income Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from diluted net income per share	500,000	170,000	360,000
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)	Aug. 04, 2018shares
2013 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for grant equity awards	4,198,590

Non-Cash Stock Compensation Exp

Non-Cash Stock Compensation Expense (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[1]	$ 9,726	$ 7,405	$ 16,749	$ 12,487
Restricted Stock Grants
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[2]	5,090	4,276	9,074	7,434
Stock Option Grants
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[2]	$ 4,636	3,089	$ 7,675	4,955
Stock Option Modification
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation	[3]		$ 40		$ 98
[1]	The amounts presented in the table above exclude taxes. For the three and six month periods ended August 4, 2018, the tax benefit related to the Company’s non-cash stock compensation was approximately $2.4 million and $4.1 million, respectively. 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.
[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, which became fully vested during Fiscal 2017. Amounts are included in the line item “Stock option modification expense” in the Company’s Condensed Consolidated Statements of Income. The Company does not expect to recognize any additional compensation expense related to the modification.

Non-Cash Stock Compensation E48

Non-Cash Stock Compensation Expense (Parenthetical) (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Non-Cash Stock Compensation tax benefit	$ 2,400,000	$ 1,900,000	$ 4,100,000	$ 3,500,000
Stock Option Modification
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Expected addtional compensation expense			$ 0

Stock Option Transactions (Deta

Stock Option Transactions (Detail)	6 Months Ended
	Aug. 04, 2018$ / sharesshares
Number of Shares
Options Outstanding at Beginning of Period | shares	2,579,831
Options Granted | shares	500,821
Options Exercised | shares	(396,356)	[1]
Options Forfeited | shares	(18,535)
Options Outstanding at End of Period | shares	2,665,761
Weighted Average Exercise Price Per Share
Options Outstanding at Beginning of Period | $ / shares	$ 39.79
Options Granted | $ / shares	135.30
Options Exercised | $ / shares	28.92	[1]
Options Forfeited | $ / shares	49.01
Options Outstanding at End of Period | $ / shares	$ 59.29
[1]	Options exercised during the six month period ended August 4, 2018 had a total intrinsic value of $45.0 million.

Stock Option Transactions (Pare

Stock Option Transactions (Parenthetical) (Detail) $ in Millions	6 Months Ended
	Aug. 04, 2018USD ($)
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share based compensation option exercised total intrinsic value	$ 45

Stock Options Vested and Expect

Stock Options Vested and Expected to Vest (Detail) $ / shares in Units, $ in Millions	6 Months Ended
	Aug. 04, 2018USD ($)$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Vested and expected to vest, Options | shares	2,665,761
Vested and expected to vest, Weighted Average Remaining Contractual Life (Years)	7 years 1 month 6 days
Vested and expected to vest, Weighted Average Exercise Price | $ / shares	$ 59.29
Vested and expected to vest, Aggregate Intrinsic Value | $	$ 252.8

Weighted Average Assumptions Us

Weighted Average Assumptions Used to Estimate Fair Value of Stock Option (Detail)	6 Months Ended
	Aug. 04, 2018$ / shares
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Risk-free interest rate, minimum	2.13%
Risk-free interest rate, maximum	3.00%
Expected volatility, minimum	32.00%
Expected volatility, maximum	34.00%
Expected life (years)	10 years
Expected dividend yield	0.00%
Weighted average grant date fair value of options issued	$ 50.64
Minimum
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Expected life (years)	5 years 11 months 1 day
Maximum
Share Based Compensation Arrangement Assumptions Used To Estimate Fair Values Of Share Options Granted [Line Items]
Expected life (years)	6 years 3 months

Award Grant, Vested and Forfeit

Award Grant, Vested and Forfeiture Transactions (Detail) - Non Vested Restricted Stock	6 Months Ended
	Aug. 04, 2018$ / sharesshares
Number of Shares
Non-Vested Awards Outstanding at Beginning of Period | shares	748,894
Awards Granted | shares	141,130
Awards Vested | shares	(155,157)	[1]
Awards Forfeited | shares	(8,897)
Non-Vested Awards Outstanding at End of Period | shares	725,970
Weighted Average Grant Date Fair Value Per Awards
Non-Vested Awards Outstanding at Beginning of Period | $ / shares	$ 66.99
Awards Granted | $ / shares	135.65
Awards Vested | $ / shares	62.43	[1]
Awards Forfeited | $ / shares	84.08
Non-Vested Awards Outstanding at End of Period | $ / shares	$ 81.10
[1]	Restricted stock awards vested during the six month period ended August 4, 2018 had a total intrinsic value of $21.2 million.

Award Grant, Vested and Forfe54

Award Grant, Vested and Forfeiture Transactions (Parenthetical) (Detail) $ in Millions	6 Months Ended
	Aug. 04, 2018USD ($)
Restricted Stock Issuances
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation awards vested total intrinsic value	$ 21.2

Other Liabilities - Additional

Other Liabilities - Additional Information (Detail) - USD ($) $ in Millions	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Other Liabilities Disclosure [Abstract]
Deferred lease incentives	$ 199.1	$ 206	$ 179.6

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Aug. 04, 2018USD ($)Store	Feb. 03, 2018USD ($)	Jul. 29, 2017USD ($)	Nov. 30, 2005USD ($)
Commitments And Contingencies Disclosure [Line Items]
Minimum lease payments for operating leases February 2, 2019	$ 180,300,000
Minimum lease payments for operating leases February 1, 2020	384,800,000
Minimum lease payments for operating leases January 30,2021	372,000,000
Minimum lease payments for operating leases January 29, 2022	351,900,000
Minimum lease payments for operating leases January 28, 2023	331,600,000
Minimum lease payments for operating leases thereafter	1,560,400,000
Letters of credit, outstanding amount	60,000,000	$ 60,000,000	$ 53,000,000
Purchase commitments related to goods or services	1,101,500,000
Death benefits				$ 1,000,000
Guarantee Performance Under Insurance And Utility Agreement
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	44,400,000	51,900,000	43,600,000
Merchandising Agreement
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, outstanding amount	15,600,000	8,100,000	9,400,000
Letters of Credit | ABL senior secured revolving facility
Commitments And Contingencies Disclosure [Line Items]
Letters of credit, maximum borrowing capacity	$ 367,900,000	$ 455,800,000	$ 363,100,000
Other Capitalized Property Plant and Equipment
Commitments And Contingencies Disclosure [Line Items]
Number of stores committed to be opened | Store	75
Options to Extend Lease Terms
Commitments And Contingencies Disclosure [Line Items]
Minimum lease payments	$ 267,400,000
New Stores | Other Capitalized Property Plant and Equipment
Commitments And Contingencies Disclosure [Line Items]
Minimum lease payments	$ 546,800,000