Boot Barn (BOOT) 10-K 3 Jun 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Mar. 26, 2016	May. 31, 2016	Sep. 26, 2015
Document and Entity Information
Entity Registrant Name	Boot Barn Holdings, Inc.
Entity Central Index Key	1,610,250
Document Type	10-K
Document Period End Date	Mar. 26, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-26
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 234.4
Entity Common Stock, Shares Outstanding		26,407,137
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 26, 2016	Mar. 28, 2015
Current assets:
Cash and cash equivalents	$ 7,195	$ 1,448
Accounts receivable, net	4,131	3,863
Inventories	176,335	129,312
Prepaid expenses and other current assets	15,558	10,656
Total current assets	203,219	145,279
Property and equipment, net	76,076	30,054
Goodwill	193,095	93,097
Intangible assets, net	64,861	57,131
Other assets	2,075	567
Total assets	539,326	326,128
Current liabilities:
Line of credit	48,815	16,200
Accounts payable	66,553	44,636
Accrued expenses and other current liabilities	35,896	24,061
Current portion of notes payable, net of unamortized debt issuance costs	1,035	1,596
Total current liabilities	152,299	86,493
Deferred taxes	12,255	21,102
Long-term portion of notes payable, net of unamortized debt issuance costs	192,579	72,030
Capital lease obligations	8,272	15
Other liabilities	12,431	4,066
Total liabilities	$ 377,836	$ 183,706
Commitments and contingencies (Note 10)
Stockholders' equity:
Common stock, $0.0001 par value; March 26, 2016 - 100,000 shares authorized, 26,354 shares issued; March 28, 2015 - 100,000 shares authorized, 25,824 shares issued	$ 3	$ 3
Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding
Additional paid-in capital	$ 137,893	$ 128,693
Retained earnings	23,594	13,726
Total stockholders' equity	161,490	142,422
Total liabilities and stockholders' equity	$ 539,326	$ 326,128

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 26, 2016	Mar. 28, 2015
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common Stock, shares issued (in shares)	26,354,000	25,824,000
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock, shares outstanding (in shares)	0	0
Common Stock, shares held in treasury (in shares)	4,000	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 569,020	$ 402,684	$ 345,868
Cost of goods sold	396,317	267,907	231,796
Amortization of inventory fair value adjustment	(500)	0	867
Total cost of goods sold	395,817	267,907	232,663
Gross profit	173,203	134,777	113,205
Operating expenses:
Selling, general and administrative expenses	142,078	99,341	91,998
Acquisition-related expenses	891		671
Total operating expenses	142,969	99,341	92,669
Income from operations	30,234	35,436	20,536
Interest expense, net	12,923	13,291	11,594
Other income, net		51	39
Income before income taxes	17,311	22,196	8,981
Income tax expense	7,443	8,466	3,321
Net income	9,868	13,730	5,660
Net income attributed to non-controlling interest		4	283
Net income attributed to Boot Barn Holdings, Inc.	$ 9,868	$ 13,726	$ 5,377
Earnings per share:
Basic shares (in dollars per share)	$ 0.38	$ 0.56	$ 0.28
Diluted shares (in dollars per share)	$ 0.37	$ 0.54	$ 0.28
Weighted average shares outstanding:
Basic shares	26,170	22,126	18,929
Diluted shares	26,955	22,888	19,175

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Noncontrolling Interest	Total
Balance at Mar. 30, 2013	$ 2	$ 77,543	$ (3,725)		$ 3,804	$ 77,624
Balance (in shares) at Mar. 30, 2013	18,929
Increase (Decrease) in Stockholders' Equity
Net income			5,377		283	5,660
Stock-based compensation expense		1,291				1,291
Balance at Mar. 29, 2014	$ 2	78,834	1,652		4,087	84,575
Balance (in shares) at Mar. 29, 2014	18,929
Increase (Decrease) in Stockholders' Equity
Net income			13,726		4	13,730
Dividend paid		(39,648)	(1,652)			(41,300)
Reorganization and issuance of stock		4,091			$ (4,091)
Reorganization and issuance of stock (in shares)	1,000
Issuance of stock in initial public offering, net of cost	$ 1	82,223				82,224
Issuance of stock in initial public offering, net of cost (in shares)	5,750
Issuance of restricted stock awards (in shares)	30
Stock options exercised		464				464
Stock options exercised (in shares)	115
Excess tax benefit		681				681
Stock-based compensation expense		2,048				2,048
Balance at Mar. 28, 2015	$ 3	128,693	13,726			142,422
Balance (in shares) at Mar. 28, 2015	25,824
Increase (Decrease) in Stockholders' Equity
Net income			9,868			9,868
Stock options exercised		2,698				2,698
Stock options exercised (in shares)	530
Shares forfeited, held in treasury stock				(4)
Excess tax benefit		3,621				3,621
Stock-based compensation expense		2,881				2,881
Balance at Mar. 26, 2016	$ 3	$ 137,893	$ 23,594			$ 161,490
Balance (in shares) at Mar. 26, 2016	26,354			(4)

CONDENSED CONDSOLIDATED STATEME

CONDENSED CONDSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Cash flows from operating activities
Net income	$ 9,868	$ 13,730	$ 5,660
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	11,480	6,615	4,628
Stock-based compensation	2,881	2,048	1,291
Excess tax benefit	(3,621)	(681)
Amortization of intangible assets	2,536	2,592	3,501
Amortization and write-off of debt issuance fees and debt discount	2,274	3,684	2,507
Loss on disposal of property and equipment	463	134	1,980
Accretion of above market leases	(72)	(149)	(230)
Deferred taxes	981	1,402	(1,874)
Amortization of inventory fair value adjustment	(500)	0	867
Changes in operating assets and liabilities:
Accounts receivable, net	1,524	(1,672)	(710)
Inventories	(16,087)	(26,610)	(14,100)
Prepaid expenses and other current assets	7,543	(1,667)	(871)
Other assets	(2,713)	(362)	104
Accounts payable	6,835	7,364	3,190
Accrued expenses and other current liabilities	5,068	3,298	5,944
Other liabilities	4,469	1,782	893
Net cash provided by operating activities	32,929	11,508	12,780
Cash flows from investing activities
Purchases of property and equipment	(36,127)	(14,074)	(11,400)
Proceeds from sale of property and equipment			24
Purchase of trademark rights			(200)
Acquisition of business, net of cash acquired	(146,541)		(15,696)
Net cash used in investing activities	(182,668)	(14,074)	(27,272)
Cash flows from financing activities
Line of credit - net	32,615	(12,424)	9,714
Proceeds from loan borrowings	200,938	104,938	100,000
Repayments on debt and capital lease obligations	(77,899)	(130,326)	(70,126)
Debt issuance fees	(6,487)	(1,361)	(3,350)
Net proceeds from initial public offering		82,224
Excess tax benefits from stock options	3,621	681
Proceeds from exercise of stock options	2,698	464
Dividends paid		(41,300)
Payment of assumed contingent consideration and debt from acquisitions			(21,818)
Net cash provided by financing activities	155,486	2,896	14,420
Net increase in cash and cash equivalents	5,747	330	(72)
Cash and cash equivalents, beginning of period	1,448	1,118	1,190
Cash and cash equivalents, end of period	7,195	1,448	1,118
Supplemental disclosures of cash flow information:
Cash paid for income taxes	3,296	8,297	4,849
Cash paid for interest	10,333	11,167	9,110
Supplemental disclosure of non-cash activities:
Unpaid purchases of property and equipment	1,992	1,374	132
Equipment acquired through capital lease	$ 38	$ 36	$ 28

Business Operations

Business Operations	12 Months Ended
	Mar. 26, 2016
Description of the Company and Basis of Presentation
Business Operations	1. Business Operations Boot Barn Holdings, Inc., formerly known as WW Top Investment Corporation (the “Company”) was formed on November 17, 2011, and is incorporated in the State of Delaware. The equity of the Company consists of 100,000,000 authorized shares and 26,349,387 and 25,824,569 outstanding shares of common stock as of March 26, 2016 and March 28, 2015, respectively, with 13,435,387 and 12,432,000 shares of common stock held by Freeman Spogli & Co. as of March 26, 2016 and March 28, 2015, respectively. The shares of common stock have voting rights of one vote per share. The Company operates specialty retail stores that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the U.S. and sells its merchandise via the Internet. The Company operated a total of 208 stores in 29 states as of March 26, 2016, 169 stores in 26 states as of March 28, 2015 and 152 stores in 23 states as of March 29, 2014. As of the fiscal year ending March 26, 2016, all stores operate under the Boot Barn name, with the exception of two stores which operate under the “American Worker” name. As of June 8, 2014, the Company held all of the outstanding shares of common stock of WW Holding Corporation, which held 95.0% of the outstanding shares of common stock of Boot Barn Holding Corporation. On June 9, 2014, WW Holding Corporation was merged with and into the Company and then Boot Barn Holding Corporation was merged with and into the Company (“Reorganization”). As a result of this Reorganization, Boot Barn, Inc. became a direct wholly owned subsidiary of the Company, and the minority stockholders that formerly held 5.0% of Boot Barn Holding Corporation were issued a total of 1,000,000 shares of common stock and became holders of 5.0% of the Company. Net income attributed to non-controlling interest was recorded for all periods through June 9, 2014. Subsequent to June 9, 2014, there were no noncontrolling interests. On June 10, 2014, the legal name of the Company was changed from WW Top Investment Corporation to Boot Barn Holdings, Inc. Amendment of Certificate of Incorporation On October 19, 2014, the Company’s board of directors authorized the amendment of its certificate of incorporation to increase the number of shares that the Company is authorized to issue to 100,000,000 shares of common stock, par value $0.0001 per share. In addition, the amendment of the certificate of incorporation authorized the Company to issue 10,000,000 shares of preferred stock, par value $0.0001 per share, and effect a 25 -for-1 stock split of its outstanding common stock. The amendment became effective on October 27, 2014. Accordingly, all common share and per share amounts in these consolidated financial statements have been adjusted to reflect the increase in authorized shares and the 25 -for-1 stock split as though it had occurred at the beginning of the initial period presented. Initial Public Offering On October 29, 2014, the Company completed its initial public offering (“IPO”) of 5,000,000 shares of its common stock. In addition, on October 31, 2014, the underwriters of the IPO exercised their option to purchase an additional 750,000 shares of common stock from the Company. As a result, 5,750,000 shares of common stock were issued and sold by the Company at a price of $16.00 per share. As a result of the IPO, the Company received net proceeds of approximately $82.2 million, after deducting the underwriting discount of $6.4 million and related fees and expenses of $3.3 million. The Company used the net proceeds from the IPO to pay down the principal balance of its term loan with Golub Capital LLC. See Note 8, “Revolving Credit Facilities and Long-Term Debt”. Secondary Offering On February 25, 2015, the Company completed a secondary offering of 6,235,544 shares of common stock, including 813,332 shares of the Company’s common stock, issued as a result of the underwriters’ exercise of their option to purchase additional shares at the public offering price of $23.50 per share, less the underwriting discount. The Company did not receive any proceeds from the secondary offering.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 26, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The Company’s consolidated financial statements, prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), include the accounts of the Company and each of its subsidiaries, including WW Holding Corporation, Boot Barn Holding Corporation, Boot Barn, Inc., RCC Western Stores, Inc. (“RCC”), Baskins Acquisition Holdings, LLC (“Baskins”), Sheplers Inc. and Sheplers Holding Corporation (collectively with Sheplers, Inc. “Sheplers”) and Boot Barn International (Hong Kong) Limited (“Hong Kong”). All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation. Change in Accounting Principle The Company historically presented debt issuance costs, or fees paid to third party advisors related to directly issuing debt, as assets on the consolidated balance sheet. During the second quarter of fiscal 2016, the Company elected early adoption of Accounting Standards Update (ASU) 2015−03, “Interest − Imputation of Interest (Subtopic 835−30), Simplifying the Presentation of Debt Issuance Costs”. The guidance simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected. Therefore, these costs will continue to be amortized as interest expense over the term of the corresponding debt issuance. This guidance is not applicable to debt issuance costs associated with revolving line of credit agreements, and therefore these costs remain as assets on the condensed consolidated balance sheets. The Company has applied the guidance in ASU 2015-03 retrospectively to the prior period presented in the condensed consolidated balance sheet. The reclassification did not impact net income previously reported or any prior amounts reported on the condensed consolidated statements of operations. The following table presents the effect of the retrospective application of this change in accounting principle on the Company’s condensed consolidated balance sheet as of March 28, 2015: Reclassification of Debt Issuance Costs As Reported Effect of Change in As Adjusted (in thousands) March 28, 2015 Accounting Principle March 28, 2015 Assets Current assets: Prepaid expenses and other current assets $ $ $ Total current assets Noncurrent assets: Other assets Total assets $ $ $ Liabilities and stockholders' equity Current liabilities: Current portion of notes payable $ $ $ Total current liabilities Long-term liabilities: Long-term debt, net of current portion Total liabilities $ $ $ Total liabilities and stockholders' equity $ $ $ Fiscal Year The Company reports its results of operations and cash flows on a 52 ‑ or 53 ‑week basis, and its fiscal year ends on the last Saturday of March unless April 1 st is a Saturday, in which case the fiscal year ends on April 1 st . The years ending March 26, 2016 (“fiscal 2016”), March 28, 2015 (“fiscal 2015”) and March 29, 2014 (“fiscal 2014”) each consisted of 52 weeks. Comprehensive Income The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its consolidated financial statements. Segment Reporting GAAP has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company operates in a single operating segment, which includes net sales generated from its retail stores and e ‑commerce websites. The vast majority of the Company’s identifiable assets are in the U.S. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Among the significant estimates affecting the Company’s consolidated financial statements are those relating to revenue recognition, inventories, goodwill, intangible and long ‑lived assets, stock ‑based compensation and income taxes. Management regularly evaluates its estimates and assumptions based upon historical experience and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. To the extent actual results differ from those estimates, the Company’s future results of operations may be affected. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents also include receivables from credit card sales. The carrying amounts of cash and cash equivalents represent their fair values. Accounts Receivable The Company’s accounts receivable consist of amounts due from commercial customers for merchandise sold, as well as receivables from suppliers under co ‑operative arrangements. The Company’s allowance for doubtful accounts was less than $0.1 million and zero for the fiscal years ending March 26, 2016 and March 28, 2015, respectively. Inventories Inventory consists primarily of purchased merchandise and is valued at the lower of cost or market. Cost is determined on a first ‑in, first ‑out basis and includes the cost of merchandise and import related costs, including freight, duty and agent commissions. The Company assesses the recoverability of inventory through a periodic review of historical usage and present demand. When the inventory on hand exceeds the foreseeable demand, the value of inventory that, at the time of the review, is not expected to be sold is written down to its estimated net realizable value. The Company recorded fair value adjustments to reflect the acquired cost of inventory related to its acquisitions of Baskins and Sheplers. These amounts were amortized over the period that the related inventory was sold. Amortization of the acquired cost of inventory was $0.5 million, $0.0 million and $ 0.9 million for fiscal 2016, 2015 and 2014, respectively. Debt Issuance Costs and Debt Discounts Debt issuance costs are capitalized and amortized to interest expense over the terms of the applicable loan agreements using the effective interest method. Those costs related to the issuance of debt are presented as a reduction to the principal amount of the debt. Debt issuance costs incurred with the issuance of revolving credit lines are included in prepaid expenses and other current assets. Debt discounts arise when transaction fees are paid to the lending institution. Debt discounts are recorded as a reduction to the principal amount of the debt. Amortization of debt discounts is recorded as an increase to the net principal amount of the debt and as a charge to interest expense over the term of the applicable loan agreement using the effective interest method. Property and Equipment, net Property and equipment consists of leasehold improvements, machinery and equipment, furniture and fixtures and vehicles. Property and equipment is subject to depreciation and is recorded at cost less accumulated depreciation. Expenditures for major remodels and improvements are capitalized while minor replacements, maintenance and repairs that do not improve or extend the life of such assets are charged to expense. Gains or losses on disposal of fixed assets, when applicable, are reflected in operations. Depreciation is computed using the straight ‑line method over the estimated useful lives, ranging from five to ten years. Machinery and equipment is depreciated over five years. Furniture and fixtures are depreciated over seven years. Vehicles are depreciated over five years. Leasehold improvements are depreciated over the shorter of the terms of the leases or ten years. Goodwill and Indefinite ‑Lived Intangible Assets Goodwill is recorded as the difference between the aggregate consideration paid for an acquisition and the fair value of the acquired net tangible and intangible assets. Goodwill is tested for impairment at least annually or more frequently if indicators of impairment exist. An annual goodwill impairment test is performed as of the first day of the fourth fiscal quarter. Management evaluates the fair value of the reporting unit using a market ‑based analysis to review market capitalization as well as reviewing a discounted cash flow analysis using management’s assumptions. The Company conducts a two ‑step goodwill impairment test. The first step of the impairment test involves comparing the fair value of the reporting unit with its carrying value. The Company’s entire operations represent one reporting unit. The Company determines the fair value of its reporting unit using the income approach and market approach to valuation, as well as other generally accepted valuation methodologies. If the carrying amount of the reporting unit exceeds the reporting unit’s fair value, the Company performs the second step of the goodwill impairment test, which involves comparing the implied fair value of the reporting unit’s goodwill to the carrying value of that goodwill. The amount by which the carrying value of the goodwill exceeds its implied fair value, if any, will be recognized as an impairment loss. The Company concluded that there was no impairment of goodwill during fiscal 2016, 2015 or 2014. Intangible assets with indefinite lives, which include the Boot Barn and Sheplers trademarks, are not amortized but instead are measured for impairment at least annually, or when events indicate that impairment may exist. The Company calculates impairment as the excess of the carrying value of indefinite ‑lived intangible assets over their estimated fair value. If the carrying value exceeds the estimate of fair value an impairment charge is recorded. The Company concluded there was no impairment of intangible assets with indefinite lives during fiscal 2016, 2015 or 2014. Definite ‑Lived Intangible Assets Definite ‑lived intangible assets consist of certain trademarks, customer lists, non ‑compete agreements, and below ‑market leases. Definite ‑lived intangible assets are amortized utilizing the straight ‑line method over the assets’ estimated useful lives, with the exception of customer lists, which are amortized based on the estimated attrition rate. The period of amortization for trademarks is six months to two years, customer lists is three to five years, non ‑compete agreements is four to five years and below ‑market leases is four to 19 years. Long ‑Lived Assets Long ‑lived assets consist of property and equipment and definite ‑lived intangible assets. The Company assesses potential impairment of its long ‑lived assets whenever events or changes in circumstances indicate that an asset or asset group’s carrying value may not be recoverable. Factors that are considered important that could trigger an impairment review include a current period operating or cash flow loss combined with a history of operating or cash flow losses and a projection or forecast that demonstrates continuing losses or insufficient income associated with the use of a long ‑lived asset or asset group. Other factors include a significant change in the manner of the use of the asset or a significant negative industry or economic trend. This evaluation is performed based on estimated undiscounted future cash flows from operating activities compared with the carrying value of the related assets. If the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized, measured by the difference between the carrying value, and the estimated fair value of the assets, with such estimated fair values determined using the best information available and in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements . The Company has determined that there were no impairments of long ‑lived assets during fiscal 2016, 2015 or 2014. Stock ‑Based Compensation Stock ‑based compensation is accounted for under FASB ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). The Company accounts for all stock ‑based compensation transactions using a fair ‑value method and recognizes the fair value of each award as an expense over the service period. The Company estimates the fair value of stock options granted using the Black ‑Scholes option ‑pricing model. The use of the Black ‑Scholes model requires a number of estimates, including the expected option term, the expected volatility in the price of the Company’s common stock, the risk ‑free rate of interest and the dividend yield on the Company’s common stock. Judgment is required in estimating the number of share ‑based awards that the Company expects will ultimately vest upon the fulfillment of service conditions (such as time ‑based vesting). The fair value of the Company’s restricted stock awards and restricted stock units is the closing price of the Company’s common stock on the grant date. The consolidated financial statements include amounts that are based on the Company’s best estimates and judgments. The Company classifies compensation expense related to these awards in the consolidated statements of operations based on the department to which the recipient reports. Noncontrolling Interest Until June 8, 2014, certain investors held approximately 5.0% of the outstanding shares of Boot Barn Holding Corporation. Noncontrolling interests were recorded based on an allocation of subsidiary earnings based on the relative ownership interest. On June 8, 2014, as a result of the Reorganization discussed in Note 1, the minority stockholders that formerly held 5.0% of Boot Barn Holding Corporation became holders of 5.0% of the Company. Revenue Recognition Revenue is recorded for store sales upon the purchase of merchandise by customers. E ‑commerce sales are recorded when the customer takes title of the merchandise and assumes risk of loss, collection of the relevant receivable is reasonably assured, persuasive evidence of an arrangement exists and the sales price is fixed or determinable, which generally occurs upon delivery of the product. Shipping and handling revenues are included in total net sales. Shipping costs incurred by the Company are included as cost of goods sold. Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales return reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. The total reserve for returns was $1.3 million, $0.7 million and $0.4 million as of fiscal 2016, 2015 and 2014, respectively and is recorded in accrued expenses and other current liabilities in the accompanying consolidated balance sheet. The following table provides a reconciliation of the activity related to the Company’s sales returns reserve: Sales Returns Reserve Fiscal Year Ended March 26, March 28, March 29, (In thousands) 2016 2015 2014 Beginning balance $ $ $ Provisions Sales returns Ending balance $ $ $ The Company maintains a customer loyalty program. Under the program, customers accumulate points based on purchase activity. For customers to maintain their active point balance, they must make a qualifying purchase of merchandise at least once in a 365 ‑day period. Once a loyalty program member achieves a certain point level, the member earns awards that may be redeemed for credits on merchandise purchases. To redeem awards, the member must make a qualifying purchase of merchandise within 60 days of the date the award was granted. Unredeemed awards and accumulated partial points are accrued as unearned revenue and as an adjustment to net sales. The unearned revenue for this program is recorded in accrued expenses and other current liabilities on the consolidated balance sheets and was $2.0 million as of both March 26, 2016 and March 28, 2015, respectively. The following table provides a reconciliation of the activity related to the Company’s customer loyalty program: Customer Loyalty Program Fiscal Year Ended March 26, March 28, March 29, (In thousands) 2016 2015 2014 Beginning balance $ $ $ Current year provisions Current year award redemptions Ending balance $ $ $ Proceeds from the sale of gift cards are deferred until the customers use the cards to acquire merchandise. Gift cards, gift certificates and store credits do not have expiration dates, and unredeemed gift cards, gift certificates and store credits are subject to state escheatment laws. The Company retains the percentage of the value of such unredeemed gift cards, gift certificates and store credits not escheated, and recognizes these amounts in net sales. The Company defers recognition of a layaway sale and its related profit to the accounting period when the customer receives the layaway merchandise. Income from the redemption of gift cards, gift card breakage, and the sale of layaway merchandise is included in net sales. In fiscal 2014, the Company elected to participate in a voluntary disclosure program with the State of Delaware in order to settle past due unclaimed property obligations. The Company agreed with the State of Delaware to settle all unreported escheatment liabilities in the amount of $0.3 million. These amounts were recorded in accrued expenses and other current liabilities in fiscal 2014 based upon preliminary settlement amounts. The final settlement was reached with, and amounts were paid to, the State of Delaware in May 2014. Cost of Goods Sold Cost of goods sold includes the cost of merchandise, obsolescence and shrink provisions, store and warehouse occupancy costs (including rent, depreciation and utilities), inbound and outbound freight, supplier allowances, occupancy ‑related taxes, compensation costs for merchandise purchasing and warehouse personnel and other inventory acquisition ‑related costs. Store Opening Costs Store opening costs consist of costs incurred prior to opening a new store and primarily consist of manager and other employee payroll, travel and training costs, marketing expenses, initial opening supplies and costs of transporting initial inventory and certain fixtures to store locations, as well as occupancy costs incurred from the time that we take possession of a store site to the opening of that store. Occupancy costs are included in cost of goods sold and the other store opening costs are included in selling, general and administrative (“SG&A”) expenses. All of these costs are expensed as incurred. Advertising Costs Certain advertising costs, including direct mail, television and radio promotions, event sponsorship, in ‑store photographs and other promotional advertising are expensed when the marketing campaign commences. The Company had prepaid advertising costs of $0.6 million and $0.5 million as of March 26, 2016 and March 28, 2015, respectively. All other advertising costs are expensed as incurred. The Company recognized $22.0 million, $11.5 million and $11.3 million in advertising costs during fiscal 2016, 2015 and 2014, respectively. Leases The Company recognizes rent expense for operating leases on a straight ‑line basis (including the effect of reduced or free rent and rent escalations) over the lease term. The difference between the cash paid to the landlord and the amount recognized as rent expense on a straight ‑line basis is recognized as an adjustment to deferred rent in the consolidated balance sheets. Cash reimbursements received from landlords for leasehold improvements and other cash payments received from landlords as lease incentives are recorded as deferred rent and are amortized using the straight ‑line method over the lease term as an offset to rent expense. Contingent rent, determined based on a percentage of sales in excess of specified levels, is recognized as rent expense when the achievement of the specified sales that triggers the contingent rent is probable. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC 740”), which requires the asset and liability approach for financial accounting and reporting of income taxes. Deferred tax assets and liabilities are attributable to differences between financial statement and income tax reporting. Deferred tax assets, net of any valuation allowances, represent the future tax return consequences of those differences and for operating loss and tax credit carryforwards, which will be deductible when the assets are recovered. Deferred tax assets are reduced by a valuation allowance if it is deemed more likely than not that some or all of the deferred tax assets will not be realized. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. We consider the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. The Company accounts for uncertain tax positions in accordance with ASC 740, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. It prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Such changes in recognition or measurement might result in the recognition of a tax benefit or an additional charge to the tax provision in the period. The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the consolidated statements of operations. Accrued interest and penalties, if incurred, are included within accrued expenses and other current liabilities in the consolidated balance sheets. There were no accrued interest or penalties for the fiscal years ended March 26, 2016 or March 28, 2015. Per Share Information Basic earnings per share is computed by dividing net income by the weighted average number of outstanding shares of common stock. In computing diluted earnings per share, the weighted average number of common shares outstanding is adjusted to reflect the effect of potentially dilutive securities such as stock options. In accordance with ASC 718, the Company utilizes the treasury stock method to compute the dilutive effect of stock options, restricted stock awards and restricted stock units. Fair Value of Certain Financial Assets and Liabilities The Company follows FASB ASC Topic 820, Fair Value Measurements and Disclosures , (“ASC 820”) which requires disclosure of the estimated fair value of certain assets and liabilities defined by the guidance as financial instruments. The Company’s financial instruments consist principally of cash and cash equivalents, accounts receivable, accounts payable and debt. ASC 820 defines the fair value of financial instruments as the price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a three ‑level hierarchy for disclosure that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities. · Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. The Company’s Level 1 assets include investments in money market funds. · Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted 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 inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates and volatility, can be corroborated by readily observable market data. · Level 3 uses one or more significant inputs that are unobservable and supported by little or no market activity, and reflect the use of significant management judgment. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation. The Company’s Level 3 assets include certain acquired businesses and its Level 3 liability includes contingent consideration. Cash and cash equivalents, accounts receivable and accounts payable are valued at fair value and are classified according to the lowest level input that is significant to the fair value measurement. As a result, the asset or liability could be classified as Level 2 or Level 3 even though there may be certain significant inputs that are readily observable. The Company believes that the recorded value of its financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or duration. Although market quotes for the fair value of the outstanding debt arrangements discussed in Note 8 “Revolving credit facilities and long ‑term debt” are not readily available, the Company believes its carrying value approximates fair value due to the variable interest rates, which are Level 2 inputs. There were no financial assets or liabilities requiring fair value measurements as of March 26, 2016 on a recurring basis. Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents. At times, such amounts held at banks may be in excess of Federal Deposit Insurance Corporation insurance limits, and the Company mitigates such risk by utilizing multiple banks. Supplier Concentration Risk The Company purchases merchandise inventories from several hundred suppliers worldwide. Sales of products from the Company’s three largest suppliers totaled approximately 38% , 40% and 40% of net sales for fiscal 2016, 2015 and 2014. Recent Accounting Pronouncements In May 2014, the FASB and the International Accounting Standards Board (“IASB”) jointly issued a new revenue recognition standard, ASU No. 2014 ‑09, Revenue From Contracts with Customers , that will supersede nearly all existing revenue recognition guidance under GAAP. The revenue recognition standard will allow for the recognition of revenue when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The standard permits the use of either a full retrospective or retrospective with cumulative effect transition method. Early adoption is not permitted. On August 8, 2015, the FASB issued ASU 2015-14, which defers the effective date of ASU No. 2014-09 by one year, and permits early adoption as long as the adoption date is not before the original public entity effective date. The standard is effective for public entities for annual and interim periods beginning after December 15, 2017. The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40) which amends the accounting guidance related to the evaluation of an entity’s ability to continue as a going concern. The amendment establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern in connection with preparing financial statements for each annual and interim reporting period. The update also gives guidance to determine whether to disclose information about relevant conditions and events when there is substantial doubt about an entity’s ability to continue as a going concern. This guidance is effective for the Company beginning in fiscal 2017. The Company does not expect the new guidance to have an impact on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new guidance does not change the customer’s accounting for service contracts. ASU 2015-05 is effective for the Company beginning in fiscal 2017 with early adoption permitted. The Company does not expect the new guidance to have an impact on its consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory . This update requires inventory within the scope of the standard to be measured at the lower of cost and net realizable value. Previous guidance required inventory to be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). This update is effective for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact the guidance will have on its consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments ("ASU 2015-16"), which simplifies the accounting for measurement-period adjustments to provisional amounts recognized in a business combination. ASU 2015-16 is effective for annual periods (and interim reporting periods within those years) beginning after December 15, 2016. The Company does not expect the new guidance to have an impact on its consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 eliminates the requirement to bifurcate deferred taxes between current and non-current on the balance sheet and requires that deferred tax liabilities and assets be classified as noncurrent on the balance sheet. ASU 2015-17 is effective for public entities in annual periods beginning after December 15, 2016, and for interim periods within those annual periods. The amendments for ASU-2015-17 can be applied retrospectively or prospectively and early adoption is permitted. The Company is currently evaluating the impact the guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The FASB issued this ASU to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet for those leases classified as operating leases under current U.S. GAAP and disclosing key information about leasing arrangements. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact the guidance will have on its consolidated financial statements. In Ma

Business Combinations

Business Combinations	12 Months Ended
	Mar. 26, 2016
Business Combinations
Business Combinations	3. Business Combinations In allocating the purchase price of the following acquisitions, the Company recorded all assets acquired and liabilities assumed at fair value. The excess of the purchase price over the aggregate fair values was recorded as goodwill. ASC 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. The fair value assigned to identifiable intangible assets acquired was based on estimates and assumptions made by management at the time of the acquisitions. The purchase price of an acquisition is allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair values as of the date of acquisition. To the extent the purchase price exceeds the fair value of the net identifiable tangible and intangible assets acquired and liabilities assumed such excess is allocated to goodwill. The Company determines the estimated fair values after review and consideration of relevant information, including discounted cash flows, quoted market prices and estimates made by management. The Company adjusts the preliminary purchase price allocation, as necessary, during the measurement period of up to one year after the acquisition closing date as it obtains more information as to facts and circumstances existing as of the acquisition date. Valuations on acquired intangible assets for acquisitions were completed based on Level 3 inputs. The acquired trademarks, customer lists, below ‑market leases, above ‑market leases and non ‑compete agreements are subject to fair value measurements that were based primarily on significant inputs not observable in the market and thus represent Level 3 measurements. Sheplers Acquisition On June 29, 2015, the Company completed the acquisition of Sheplers, a western lifestyle company with 25 retail locations across the United States and an e-commerce business, for a purchase price of $147.0 million (which included assumption of certain indebtedness), subject to customary adjustments (the “Sheplers Acquisition”). The primary reason for the Sheplers Acquisition was to expand the Company’s retail operations into new and existing markets and grow the Company’s e-commerce business. The Company funded the Sheplers Acquisition by refinancing approximately $172.0 million of its and Sheplers’ existing indebtedness in part with an initial borrowing of $57.0 million under a $125.0 million syndicated senior secured asset-based revolving credit facility for which Wells Fargo Bank, National Association (“June 2015 Wells Fargo Revolver”), is agent, and a $200.0 million syndicated senior secured term loan for which GCI Capital Markets LLC (“2015 Golub Term Loan”) is agent. Borrowings under the credit agreements were initially used to pay costs and expenses related to the Sheplers Acquisition and the closing of the credit agreements, and may be used for working capital and other general corporate purposes. The acquisition-date fair value of the consideration transferred totaled $149.3 million, which consisted of $147.0 million in cash and $2.3 million of a working capital adjustment, cash acquired and other adjustments. The total fair value of consideration transferred for the acquisition was allocated to the net tangible and intangible assets based upon their estimated fair values as of the date of the acquisition. Any measurement period adjustments will be recorded retrospectively to the acquisition date. The excess of the purchase price over the net tangible and intangible assets was recorded as goodwill. The goodwill and intangibles assets are not deductible for income tax purposes. Such estimated fair values require management to make estimates and judgments, especially with respect to intangible assets. The fair value of each intangible and fixed asset acquired through the Sheplers Acquisition was measured in accordance with ASC 820. Customer lists, furniture, fixtures, office equipment, leasehold improvements, computer equipment and warehouse equipment were all valued using the cost approach. The trade name was valued under the royalty savings income approach method and inventory was valued under the comparative sales method. All operating leases, below-market leases, capital leases and financing obligations were valued under either the cost or income approach. Such fair values were determined using Level 3 inputs. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date based on the purchase price allocation: At June 29, 2015 (in thousands) Assets acquired: Cash $ Accounts receivable Inventory Prepaid expenses and other current assets Property and equipment Properties under capital lease and financing transactions Intangible - below-market leases Intangible - trade name Intangible - customer lists Goodwill Other assets Total assets acquired $ Liabilities assumed: Accounts payable $ Accrued liabilities and other payables Accrued customer liabilities Deferred tax liability Capital lease and financing transactions Other liabilities Total liabilities assumed Net Assets acquired $ The Company incurred $0.9 million of acquisition ‑related costs in fiscal 2016 related to the acquisition of Sheplers, which are recorded in “Acquisition-related expenses” in the consolidated statements of operations for the fiscal year ending March 26, 2016. The amount of net revenue and net loss of Sheplers included in the Company’s consolidated statements of operations subsequent to the June 29, 2015 acquisition date was as follows: Fiscal Year Ended March 26, 2016 (in thousands) Net sales $ Net loss $ Supplemental As Adjusted Data (Unaudited) The as adjusted net sales and net income below give effect to the Sheplers Acquisition as if it had been consummated on March 30, 2014, the first day of the Company’s 2015 fiscal year. These amounts have been calculated after applying the Company’s accounting policies and adjusting the results of Sheplers to reflect the effects of amortization of purchased intangible assets and acquired inventory valuation step-down, refinanced debt and capital lease and financing transactions as of March 30, 2014 in order to complete the acquisition, and income tax expense. The adjustments are based upon currently available information and certain assumptions that the Company believes are reasonable under the circumstances. Pre-acquisition net sales and net income numbers for Sheplers are derived from their books and records prepared prior to the acquisition and are not verified by the Company. This as adjusted data is presented for informational purposes only and does not purport to be indicative of the results of future operations or of the results that would have occurred had the acquisition taken place as of the date noted above. Fiscal Year Ended March 26, March 28, 2016 2015 (in thousands) As adjusted net sales $ $ As adjusted net income $ $ Baskins Acquisition Holdings, LLC Effective May 25, 2013, the Company completed the acquisition of 100% of the member interests in Baskins Acquisition Holdings LLC (“Baskins”), including 30 stores and an online retail website. Baskins is a specialty western retailer with stores in Texas and Louisiana, and the acquisition expanded the Company’s operations into these core markets. The acquisition ‑date fair value of the consideration transferred totaled $37.7 million, which consisted of $36.0 million in cash and $1.7 million of contingent consideration. The $36.0 million of cash included $13.7 million paid to the members of Baskins, $2.2 million paid into an escrow account and $20.1 million to repay Baskins’ outstanding debt. These payments were partially offset by $1.9 million, which represents the amount of cash on hand immediately prior to the closing of the acquisition. All escrow amounts were settled by December 4, 2014. The Company was obligated to make additional earnout payments, contingent on the achievement of milestones relating to 12 ‑month store sales associated with three new stores for the periods beginning January 24, 2013, January 31, 2013 and February 20, 2013 at each of the three stores. The maximum amount payable upon achievement of the milestones was $2.1 million. Each of the milestones was achieved, and the Company made a cash payment of $2.1 million in the fourth quarter of fiscal 2014. As of the acquisition date, the Company estimated that these earnout payments would be $1.7 million, based on then existing facts and circumstances. The estimated fair value of this earnout was determined by using revenue projections and applying a discount rate to reflect the risk of the underlying conditions not being satisfied such that no payment would be due. The fair value measurement of the earnout was based primarily on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in ASC 820. A total of $0.4 million from the revaluation of contingent consideration was recorded in fiscal 2014 to selling, general and administrative expenses in the Company’s consolidated statement of operations. The total fair value of consideration transferred for the acquisition was allocated to the net tangible and intangible assets based upon their estimated fair values as of the date of the acquisition. The excess of the purchase price over the net tangible and intangible assets was recorded as goodwill. The goodwill is deductible for income tax purposes. Such estimated fair values require management to make estimates and judgments, especially with respect to intangible assets. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date based on the preliminary purchase price (in thousands): At May 25, 2013 (Level 3) Assets acquired: Cash and cash equivalents $ Current assets Property and equipment, net Intangible assets acquired Goodwill Other assets Total assets acquired $ Liabilities assumed: Other current liabilities $ Line of credit - current Notes payable - current Contingent consideration Above-market leases Capital lease obligation Total liabilities assumed Net Assets acquired $ Definite ‑lived intangible assets are recorded at their fair value as of the acquisition date with amortization computed utilizing the straight ‑line method over the assets’ estimated useful lives, with the exception of customer lists, which are amortized based on the estimated attrition rate. The period of amortization for trademarks is six months to two years, non ‑compete agreements is four to five years, customer lists is five years, and below ‑market leases is two to 17 years. For leases under market rent, amortization is based on the discounted future benefits from lease payments under market rents. Acquisition ‑related costs are recognized separately from the acquisition and are expensed as incurred. Goodwill represents the additional amounts paid in order to expand the Company’s geographical presence. The Company incurred $0.7 million of acquisition ‑related costs in fiscal 2014. The amount of net revenue and net loss of Baskins included in the Company’s consolidated statements of operations from the acquisition date to March 29, 2014 were $63.4 million and $0.1 million, respectively. The change in the carrying amount of goodwill is as follows (in thousands): Balance as of March 29, 2014 $ Activity during fiscal 2015 — Balance as of March 28, 2015 Goodwill as a result of the Sheplers Acquisition Balance as of March 26, 2016 $

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Mar. 26, 2016
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets	4. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): March 26, March 28, 2016 2015 Prepaid rent and property taxes $ — $ Prepaid advertising Prepaid insurance Deferred taxes Income tax receivable Debt issuance costs — Other Total prepaid expenses and other current assets $ $

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Mar. 26, 2016
Property and Equipment, Net
Property and Equipment, Net	5. Property and Equipment, Net Property and equipment, net, consisted of the following (in thousands): March 26, March 28, 2016 2015 Land $ $ — Buildings — Leasehold improvements Machinery and equipment Furniture and fixtures Construction in progress Vehicles Less: Accumulated depreciation Property and equipment, net $ $ Depreciation expense was $11.5 million, $6.6 million, and $4.6 million for fiscal years 2016, 2015 and 2014, respectively. Amortization related to assets under capital leases is included in the above depreciation expense (see Note 11 “Leases”).

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Mar. 26, 2016
Intangible Assets, Net
Intangible Assets, Net	6. Intangible Assets, Net Net intangible assets consisted of the following: March 26, 2016 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life (in thousands, except for weighted average useful life) Customer lists $ $ $ Non-compete agreements Below-market leases Total definite lived Trademarks—indefinite lived — Total intangible assets $ $ $ March 28, 2015 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life (in thousands, except for weighted average useful life) Trademarks $ $ $ — Customer lists Non-compete agreements Below-market leases Total definite lived Trademarks—indefinite lived — Total intangible assets $ $ $ Amortization expense for intangible assets totaled $2.5 million, $2.6 million and $3.5 million for fiscal 2016, 2015 and 2014, respectively, and is included in selling, general and administrative expenses. As of March 26, 2016, estimated future amortization of intangible assets was as follows: Fiscal year (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter Total $

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Mar. 26, 2016
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities	7. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): March 26, March 28, 2016 2015 Accrued compensation $ $ Deferred revenue Sales tax liability Accrued interest Sales reward redemption liability Capital leases-short term Other Total accrued expenses $ $

Revolving Credit Facilities and

Revolving Credit Facilities and Long-Term Debt	12 Months Ended
	Mar. 26, 2016
Revolving Credit Facilities and Long-Term Debt
Revolving Credit Facilities and Long-Term Debt	8. Revolving Credit Facilities and Long-Term Debt On June 29, 2015, the Company, as guarantor, and its wholly-owned primary operating subsidiary, Boot Barn, Inc., refinanced the $150.0 million credit facility with Wells Fargo Bank, N.A. (“February 2015 Wells Fargo Credit Facility”) with the $125.0 million June 2015 Wells Fargo Revolver and the $200.0 million 2015 Golub Term Loan. The borrowing base of the June 2015 Wells Fargo Revolver is calculated on a monthly basis and is based on the amount of eligible credit card receivables, commercial accounts, inventory, and available reserves. Borrowings under the credit agreements were initially used to pay costs and expenses related to the Sheplers Acquisition and the closing of such credit agreements, and may be used for working capital and other general corporate purposes. Borrowings under the June 2015 Wells Fargo Revolver bear interest at per annum rates equal to, at the Company’s option, either (i) London Interbank Offered Rate (“LIBOR”) plus an applicable margin for LIBOR loans, or (ii) the base rate plus an applicable margin for base rate loans. The base rate is calculated as the highest of (a) the federal funds rate plus 0.5% , (b) the Wells Fargo prime rate and (c) one-month LIBOR plus 1.0% . The applicable margin is calculated based on a pricing grid that in each case is linked to quarterly average excess availability. For LIBOR Loans, the applicable margin ranges from 1.00% to 1.25% , and for base rate loans it ranges from 0.00% to 0.25% . The Company also pays a commitment fee of 0.25% per annum of the actual daily amount of the unutilized revolving loans. The interest on the June 2015 Wells Fargo Revolver is payable in quarterly installments ending on June 29, 2020, the maturity date. Total interest expense incurred in the fiscal year ended March 26, 2016 on the June 2015 Wells Fargo Revolver was $0.9 million, and the weighted average interest rate for the fiscal year ended March 26, 2016 was 1.7% . Borrowings under the 2015 Golub Term Loan bear interest at per annum rates equal to, at the Company’s option, either (a) LIBOR plus an applicable margin for LIBOR loans with a LIBOR floor of 1.0% , or (b) the base rate plus an applicable margin for base rate loans. The base rate is calculated as the greater of (i) the higher of (x) the prime rate and (y) the federal funds rate plus 0.5% and (ii) the sum of one-month LIBOR plus 1.0% . The applicable margin is 4.5% for LIBOR Loans and 3.5% for base rate loans. The principal and interest on the 2015 Golub Term Loan is payable in quarterly installments ending on the maturity date of the term loan, June 29, 2021. Quarterly principal payments of $500,000 are due each quarter . Total interest expense incurred in the fiscal year ended March 26, 2016 on the 2015 Golub Term Loan was $8.3 million, and the weighted average interest rate for the fiscal year ended March 26, 2016 was 5.5% . All obligations under each of the 2015 Golub Term Loan and the June 2015 Wells Fargo Revolver are unconditionally guaranteed by the Company and each of its direct and indirect domestic subsidiaries (other than certain immaterial subsidiaries) which are not named as borrowers under the 2015 Golub Term Loan or the June 2015 Wells Fargo Revolver, as applicable. The priority with respect to collateral under each of the 2015 Golub Term Loan and the June 2015 Wells Fargo Revolver is subject to the terms of an intercreditor agreement among the lenders under the 2015 Golub Term Loan and the June 2015 Wells Fargo Revolver. Each of the June 2015 Wells Fargo Revolver and the 2015 Golub Term Loan contains customary provisions relating to mandatory prepayments, restricted payments, voluntary payments, affirmative and negative covenants, and events of default. In addition, the terms of the June 2015 Wells Fargo Revolver require the Company to maintain, on a consolidated basis, a Consolidated Fixed Charge Coverage Ratio of at least 1.00 :1.00 during such times as a covenant trigger event shall exist. The terms of the 2015 Golub Term Loan require the Company to maintain, on a consolidated basis, a maximum Consolidated Total Net Leverage Ratio as of March 26, 2016 of 5.00 :1.00. As provided for in the 2015 Golub Term Loan, this ratio steps down to 4.75 :1.00 as of June 25, 2016, 4.50 :1.00 as of December 24, 2016, 4.25 :1.00 as of April 1, 2017, and 4.00 :1:00 as of September 30, 2017 and for all subsequent periods. The June 2015 Wells Fargo Revolver and 2015 Golub Term Loan also require the Company to pay additional interest of 2.0% per annum upon triggering certain specified events of default set forth therein. For financial accounting purposes, the requirement for the Company to pay a higher interest rate upon an event of default is an embedded derivative. As of March 26, 2016, the fair value of these embedded derivatives was estimated and was not significant. Debt Issuance Costs and Debt Discount The Company paid $1.4 million of transaction fees in connection with the February 2015 Wells Fargo Credit Facility. These transaction fees were paid to both Wells Fargo and other advisors via a reduction in the proceeds from the February 2015 Wells Fargo Credit Facility and were accounted for as debt issuance costs and a debt discount at March 28, 2015. On June 29, 2015, the note payable was repaid when the new financing was obtained, and the $1.4 million remaining debt issuance costs and debt discounts were written off to interest expense. Debt issuance costs totaling $0.9 million were incurred under the June 2015 Wells Fargo Revolver and are included as assets on the consolidated balance sheets in prepaid expenses and other current assets. Total debt issuance costs were $0.8 million as of March 26, 2016. These amounts are being amortized to interest expense over the term of the June 2015 Wells Fargo Revolver. Debt issuance costs and debt discount totaling $5.6 million were incurred under the 2015 Golub Term Loan and are included as a reduction of the current and non-current note payable on the consolidated balance sheet. Total debt issuance costs and debt discount were $4.9 million as of March 26, 2016. These amounts are being amortized to interest expense over the term of the 2015 Golub Term Loan. The following sets forth the balance sheet information related to the term loan: March 26, March 28, 2016    2015 (in thousands) Term Loan $   $ Unamortized value of the debt issuance costs and debt discount (1) Net carrying value $ $ (1) Includes the reclassification of debt issuance costs of $0.1 million from “Prepaid and other current assets” and $0.5 million from “Other assets” at March 28, 2015 as a result of the Company adopting ASU 2015-03. See Note 2. Total amortization expense of $0.8 million related to the June 2015 Wells Fargo Revolver and 2015 Golub Term Loan is included as a component of interest expense in the fiscal year ended March 26, 2016. $150 Million Credit Facility (Wells Fargo Bank, N.A.) On February 23, 2015, the Company and Boot Barn, Inc., the Company’s wholly-owned primary operating subsidiary, entered into the February 2015 Wells Fargo Credit Facility, which consisted of a $75.0 million revolving credit facility, including a $5.0 million sub-limit for letters of credit, and a $75.0 million term loan, and also provided the Company with the ability to incur additional incremental term loans of up to $50.0 million, provided that certain conditions were met, including compliance with certain covenants. On June 29, 2015, the Company repaid all outstanding borrowings under the February 2015 Wells Fargo Credit Facility and terminated such facility in connection with the refinancing discussed above. Total interest expense incurred in fiscal 2016 on the February 2015 Wells Fargo Credit Facility was $0.8 million. Revolving Credit Facility (PNC Bank, N.A.) On December 11, 2011, the Company obtained a collateral-based revolving line of credit with PNC Bank, N.A. (the “PNC Line of Credit”), which the Company amended on August 31, 2012 and May 31, 2013. The PNC Line of Credit included a $5.0 million sub-limit for letters of credit. On April 15, 2014, the Company amended the PNC Line of Credit to increase the borrowing capacity from $60.0 million to up to $70.0 million. The available borrowing under the PNC Line of Credit was based on the collective value of eligible inventory and credit card receivables multiplied by specific advance rates. Total interest expense incurred on the PNC Line of Credit for the fiscal year ended March 28, 2015 was $2.6 million. On February 23, 2015, proceeds from the February 2015 Wells Fargo Credit Facility were used to pay the entire $50.8 million outstanding balance of the PNC Line of Credit. Term Loan Due May 2019 (Golub Capital LLC) The Company entered into a loan and security agreement with Golub Capital LLC on May 31, 2013, as amended by the first amendment to the term loan and security agreement dated September 23, 2013 (the “2013 Golub Loan”). On April 14, 2014, the Company entered into an amended and restated term loan and security agreement for the 2013 Golub Loan. The amended and restated loan and security agreement increased the borrowings on the 2013 Golub Loan from $99.2 million to $130.0 million, with the proceeds used to fund a portion of the $41.3 million dividend to stockholders and cash payment to holders of vested options that was paid in April 2014. See Note 9, “Stock-Based Compensation”. On November 5, 2014, the Company amended the 2013 Golub Loan to reduce the applicable LIBOR Floor from 1.25% to 1.00% which changed the current interest rate from 7.00% to 6.75% . Total interest expense incurred on the 2013 Golub Loan for the fiscal year ended March 28, 2015 was $6.8 million. On November 5, 2014, the Company used $81.9 million of the net proceeds from the IPO to repay a portion of the principal balance on the 2013 Golub Loan. The Company incurred a pre-payment penalty of $0.6 million and accelerated amortization of debt issuance costs of $1.7 million, which was recorded to interest expense in fiscal 2015. On February 23, 2015, proceeds from the February 2015 Wells Fargo Credit Facility were used to pay the entire $47.3 million outstanding balance of the 2013 Golub Loan. The Company incurred prepayment penalties of $1.1 million to the lenders under the Company’s prior credit facilities. Total debt issuance costs from the PNC Line of Credit and the 2013 Golub Loan of $1.4 million were written off to interest expense in fiscal 2015. Aggregate contractual maturities Aggregate contractual maturities for the Company’s line of credit and term loan as of March 26, 2016 are as follows: Fiscal Year (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter Total $

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Mar. 26, 2016
Stock-Based Compensation
Stock-Based Compensation	9. Stock-Based Compensation Equity Incentive Plans On January 27, 2012, the Company approved the 2011 Equity Incentive Plan (the “2011 Plan”). The 2011 Plan authorized the Company to issue options to employees, consultants and directors exercisable for up to a total of 3,750,000 shares of common stock. As of March 26, 2016, all awards granted by the Company under the 2011 Plan have been nonqualified stock options. Options granted under the 2011 Plan have a life of 10 years and vest over service periods of five years or in connection with certain events as defined by the 2011 Plan. On October 19, 2014, the Company approved the 2014 Equity Incentive Plan (the “2014 Plan”). The 2014 Plan authorizes the Company to issue awards to employees, consultants and directors for up to a total of 1,600,000 shares of common stock, par value $0.0001 per share. As of March 26, 2016, all awards granted by the Company under the 2014 Plan to date have been nonqualified stock options, restricted stock awards or restricted stock units. Options granted under the 2014 Plan have a life of eight years and vest over service periods of five years or in connection with certain events as defined by the 2014 Plan. Restricted stock awards granted vest over one or four years, as determined by the Compensation Committee of the Board of Directors. Restricted stock units vest over service periods of five years. Pro Rata Cash Dividend, Cash Payment to Holders of Vested Options and Adjustment to Exercise Price of Unvested Options On April 11, 2014, the Company declared and subsequently paid a pro rata cash dividend to its stockholders totaling $39.9 million, made a cash payment of $1.4 million to holders of vested options, and lowered the exercise price of 1,918,550 unvested options by $2.00 per share. The cash payments totaling $41.3 million reduced retained earnings to zero and reduced additional paid-in capital by $39.7 million. The 2011 Plan has nondiscretionary antidilution provisions that require the fair value of the option awards to be equalized in the event of an equity restructuring. Consequently, the board of directors of the Company was obligated under the antidilution provisions to approve the reduction of the exercise price on the unvested options and make the cash payment to the holders of vested options. No incremental stock-based compensation expense was recognized for the dividend for the vested options or reduction in exercise price for the unvested options. Stock Options During fiscal 2016, the Company granted certain members of management options to purchase a total of 294,153 shares under the 2014 Plan. The total grant date fair value of stock options granted during fiscal 2016 was $2.7 million, with grant date fair values ranging from $7.48 to $11.52 per share. The Company is recognizing the expense relating to these stock options on a straight-line basis over the five -year service period of the awards. The exercise prices of these awards range between $22.31 and $32.02 per share. During fiscal 2015, the Company granted certain members of management options to purchase a total of 265,650 shares under the 2014 Plan and 237,500 shares under the 2011 Plan. The total grant date fair value of stock options granted during fiscal 2015 was $3.5 million, with grant date fair values ranging from $6.08 to $9.27 per share. The Company is recognizing the expense relating to these stock options on a straight-line basis over the five -year service period of the awards. The exercise prices of these awards range between $9.40 and $25.50 per share. On October 29, 2014, the Company granted its Chief Executive Officer (“CEO”) options to purchase 99,650 shares of common stock under the 2014 Plan. These options contain both service and market conditions. Vesting of the options occurs if the market price of the Company’s stock achieves stated targets through the third anniversary of the date of grant. As of March 26, 2016, the market price targets were achieved, and the options will vest in equal amounts on the third, fourth and fifth anniversaries of the grant date. The fair value of the options was estimated using a Monte Carlo simulation model. The following significant assumptions were used as of October 29, 2014: Stock price $ Exercise price $ Expected option term years Expected volatility % Risk-free interest rate % Expected annual dividend yield % During fiscal 2014, the Company granted certain members of management options to purchase a total of 312,500 shares under the 2011 Plan. The total grant date fair value of stock options granted during fiscal 2014 was $2.1 million, with grant date fair values ranging from $6.64 to $6.92 per share. The Company is recognizing the expense relating to these stock options on a straight-line basis over the five -year service period of the awards. The exercise prices of these awards range between $7.18 and $8.16 per share. The fair values of stock options granted in fiscal 2016, 2015 and 2014 were estimated on the grant dates using the following assumptions: Fiscal Year Ended March 26, March 28, March 29, 2016 2015 2014 Expected option term (1) years years years Expected volatility factor (2) % - % % - % % Risk-free interest rate (3) % - % % - % % - % Expected annual dividend yield (4) % % % (1) The Company has limited historical information regarding expected option term. Accordingly, the Company determined the expected life of the options using the simplified method. (2) Stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company’s competitors’ common stock over the most recent period equal to the expected option term of the Company’s awards. (3) The risk ‑free interest rate is determined using the rate on treasury securities with the same term. (4) The board of directors paid a dividend to stockholders in April 2014. The Company’s board of directors does not plan to pay cash dividends in the foreseeable future. Consequently, we used an expected dividend yield of zero . The stock option awards discussed above, with the exception of options awarded to the Company’s CEO on October 29, 2014, were measured at fair value on the grant date using the Black ‑Scholes option valuation model. Key input assumptions used to estimate the fair value of stock options include the exercise price of the award, the expected option term, expected volatility of the Company’s stock price over the option’s expected term, the risk ‑free interest rate over the option’s expected term and the Company’s expected annual dividend yield, if any. The Company’s estimate of pre ‑vesting forfeitures, or forfeiture rate, was based on its internal analysis, which included the award recipients’ positions within the Company and the vesting period of the awards. The Company will issue shares of common stock when the options are exercised. Intrinsic value for stock options is defined as the difference between the market price of the Company’s common stock on the last business day of the fiscal year and the weighted average exercise price of in ‑the ‑money stock options outstanding at the end of each fiscal period. The market value per share was $9.34 at March 26, 2016. The following table summarizes the stock award activity for the fiscal year ended March 26, 2016: Weighted Grant Date Average Weighted Remaining Aggregate Stock Average Contractual Intrinsic Options Exercise Price (1) Life (in Years) Value (in thousands) Outstanding at March 28, 2015 $ Granted $ Exercised $ $ Cancelled, forfeited or expired $ Outstanding at March 26, 2016 $ $ Vested and expected to vest after March 26, 2016 $ $ Exerciseable at March 26, 2016 $ $ (1) The grant date weighted-average exercise price reflects the reduction of the exercise price by $2.00 per share for the 1,918,550 unvested options that were part of the April 2014 dividend discussed above. A summary of the status of non-vested stock options as of March 26, 2016 and changes during fiscal 2016 is presented below: Weighted- Average Grant Date Shares Fair Value Nonvested at March 28, 2015 $ Granted $ Vested $ Nonvested shares forfeited $ Nonvested at March 26, 2016 $ Restricted Stock During fiscal 2016, the Company granted 86,530 restricted stock units to various employees under the 2014 Plan. The shares granted to employees vest in five equal annual installments beginning on the grant date, provided that the respective award recipient continues to be employed by the Company through each of those dates. The grant date fair value of these awards for fiscal 2016 totaled $1.7 million. The Company is recognizing the expense relating to these awards on a straight-line basis over the service period of each award, commencing on the date of grant. During fiscal 2015, the Company granted 30,313 restricted stock awards of common stock to various employees and one member of its Board of Directors under the 2014 Plan. The shares granted to employees vest in four equal annual installments beginning on the grant date, provided that the respective award recipient continues to be employed by the Company through each of those dates. The shares granted to the member of the Board of Directors vested in full upon the one -year anniversary of the date of grant. The grant date fair value of these awards totaled $0.5 million. The Company is recognizing the expense relating to these awards on a straight-line basis over the service period of each award, commencing on the date of grant. Stock-Based Compensation Expense Stock ‑based compensation expense was $2.9 million, $2.0 million and $1.3 million for fiscal 2016, 2015 and 2014, respectively. Stock-based compensation expense of $0.4 million, $0.4 million and $0.2 million was recorded in cost of goods sold in the consolidated statements of operations for fiscal 2016, 2015 and 2014, respectively. All other stock-based compensation expense is included in selling, general and administrative expenses in the consolidated statements of operations. As of March 26, 2016, there was $6.5 million of total unrecognized stock-based compensation expense related to unvested stock options, with a weighted-average remaining recognition periods of 3.03 years. As of March 26, 2016, there was $1.7 million of total unrecognized stock-based compensation expense related to restricted stock, with a weighted-average remaining recognition period of 4.09 years.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 26, 2016
Commitments and Contingencies
Commitments and Contingencies	10. Commitments and Contingencies The Company is involved, from time to time, in litigation that is incidental to its business. The Company has reviewed these matters to determine if reserves are required for losses that are probable and reasonable to estimate in accordance with FASB ASC Topic 450, Contingencies . The Company evaluates such reserves, if any, based upon several criteria, including the merits of each claim, settlement discussions and advice from outside legal counsel, as well as indemnification of amounts expended by the Company’s insurers or others, if any. On April 28, 2016, two employees, on behalf of themselves and all other similarly situated employees, filed a wage-and-hour class action, which includes claims for penalties under California’s Private Attorney General Act, in the Fresno County Superior Court, Case No. 16 CE CG 01330, alleging violations of California’s wage and hour, overtime, meal break and statement of wages rules and regulations among other things. The complaint seeks an unspecified amount of damages and penalties. The Company intends to defend this claim vigorously. At present, the Company cannot reasonably estimate the loss that may arise from this matter, but has recorded as of March 26, 2016 an amount for the estimated probable loss, which is not material to the audited financial statements. Depending on the actual outcome of pending litigation, charges in excess of such recorded amount could be recorded in the future, which may have a material adverse effect on the Company’s financial position, results of operations or liquidity. During the normal course of its business, the Company has made certain indemnifications and commitments under which the Company may be required to make payments for certain transactions. These indemnifications include those given to various lessors in connection with facility leases for certain claims arising from such facility leases, and indemnifications to directors and officers of the Company to the maximum extent permitted under the laws of the State of Delaware. The majority of these indemnifications and commitments do not provide for any limitation of the maximum potential future payments the Company could be obligated to make, and their duration may be indefinite. The Company has not recorded any liability for these indemnifications and commitments in the consolidated balance sheets as the impact is expected to be immaterial.

Leases

Leases	12 Months Ended
	Mar. 26, 2016
Leases
Leases	11. Leases Operating Leases The following is a schedule by year of non ‑cancelable future minimum rental payments under operating leases as of March 26, 2016 (in thousands): Related All party (1) other Total 2017 $ $ $ 2018 2019 — 2020 — 2021 — Thereafter — Total $ $ $ (1) See Note 14 “Related Party Transactions”. Minimum rent payments consist primarily of future minimum lease commitments related to store operating leases. Minimum lease payments do not include common area maintenance, insurance or tax payments. Rent expense related to store operating leases was $38.1 million, $27.3 million and $25.0 million for the fiscal years ended March 26, 2016, March 28, 2015 and March 29, 2014, respectively, and includes common area maintenance and contingent rent payments. Capital Leases and Financing Transactions As of March 26, 2016, the Company had non ‑cancelable capital leases for property and equipment rentals with principal and interest payments due monthly. The liability under capital lease arrangements totals $1.0 million. During fiscal 2016, the Company acquired leases related to two retail stores, two office buildings, one distribution center facility and land as part of the Sheplers Acquisition. On July 30, 2007, Sheplers sold these properties to an unrelated third-party real estate company and simultaneously entered into an arrangement with the third-party real estate company to lease back these properties. Sheplers maintained continuing involvement in these properties such that this sale did not qualify for sale-leaseback accounting treatment. This transaction is recorded as a financing transaction with the assets and related financing obligation recorded on the balance sheet. The lease has a 20 -year term expiring in 2027 and includes renewal options and certain default provisions requiring the Company to perform repairs and maintenance, make timely rent payments and insure the buildings and equipment. The liability under the financing transaction as of March 26, 2016 totals $7.7 million. The total liability under capital lease and financing transactions is $8.7 million and is included as capital lease obligations in the consolidated balance sheet. The current portion of the capital lease arrangements is included in accrued expenses and other current liabilities on the consolidated balance sheets. The interest rates range from 6.1% to 12.0% . As of March 26, 2016, future minimum capital lease and financing transaction payments are as follows: Fiscal Year (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter Total Less: Imputed interest Present value of capital leases and financing transaction Less: Current capital leases and financing transaction Noncurrent capital leases and financing transaction $ The net property and equipment involved in the Company’s capital leases and financing transaction are included in property and equipment as follows: March 26, March 28, 2016 2015 (in thousands) Buildings $ $ — Land — Site Improvements — Equipment Property and equipment, gross Less: accumulated depreciation Property and equipment, net $ $ Other liabilities, which relate to long ‑term lease liabilities, are as follows: March 26, March 28, (in thousands) 2016 2015 Above-market leases $ $ Long-term deferred rent Capital lease residual value — Total other liabilities $ $

Defined Contribution Plan

Defined Contribution Plan	12 Months Ended
	Mar. 26, 2016
Defined Contribution Plan
Defined Contribution Plan	12. Defined Contribution Plan The Boot Barn 401(k) Plan (the “401(k) Plan”) is a qualified plan under Section 401(k) of the Internal Revenue Code. The 401(k) Plan covers all employees that work a minimum of 1,000 hours per year and have been employed by the Company for at least one year. Contributions to the plan are based on certain criteria as defined in the agreement, governing the 401(k) Plan. Participating employees are allowed to contribute up to the statutory maximum set by the Internal Revenue Service. The Company provides a safe harbor matching contribution that matches 100% of employee contributions up to 3% of their respective wages and then 50% of further contributions up to 5% of their respective wages. Contributions to the plan and charges to selling, general and administrative expenses were $0.4 million, $0.4 million and $0.3 million, for fiscal 2016, 2015, and 2014, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Mar. 26, 2016
Income Taxes
Income Taxes	13. Income Taxes Income tax expense consisted of the following: Fiscal Year Ended March 26, March 28, March 29, (in thousands) 2016 2015 2014 Current: Federal $ $ $ State Foreign — — Total current Deferred: Federal State Foreign — — Total deferred Total income tax expense $ $ $ The reconciliation between the Company’s effective tax rate on income from operations and the statutory tax rate is as follows: Fiscal Year Ended March 26 March 28, March 29, 2016 2015 2014 Expected provision at statutory U.S. federal tax rate % % % State and local income taxes, net of federal tax benefit Change in tax rates State credits — — Acquisition costs — — Permanent items — — Other Effective tax rate % % % Differences between the effective tax rate and the statutory rate relate primarily to state taxes, permanent items and acquisition costs. Deferred taxes reflect the net tax effects of the temporary differences between the carrying amount of assets and liabilities for financial reporting and the amount used for income tax purposes. Significant components of the Company’s net deferred tax assets as of March 26, 2016 and March 28, 2015 consisted of the following (in thousands): March 26 March 28, 2016 2015 Deferred tax assets: State taxes $ $ Accrued liabilities Award program liabilities Deferred revenue Inventory Stock options Net operating loss carryforward — Other Total deferred tax assets Deferred tax liabilities: Depreciation and amortization Prepaid expenses Total deferred tax liabilities Deferred income taxes, net $ $ As of March 26, 2016, the Company has net operating loss carryforwards for federal and state tax purposes of $28.2 million and $22.3 million, respectively. These net operating loss carryforwards expire at various dates beginning in 2036. Valuation allowances are established, when necessary, to reduce deferred income tax assets to the amounts expected to be realized. To this end, the Company has considered and evaluated its sources of taxable income, including forecasted future taxable income, and the Company has concluded that at this time no valuation allowance is required. The Company will continue to evaluate the need for a valuation allowance at each period end. The Company applies ASC 740, which contains a two ‑step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments. At March 26, 2016 and March 28, 2015, no amounts were necessary to be recorded for any unrecognized tax liabilities nor any tax benefits. The Company’s policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. To the extent that accrued interest and penalties do not ultimately become payable, amounts accrued will be reduced and reflected as a reduction of the overall income tax provision in the period that such determination is made. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits as of March 26, 2016 and March 28, 2015. The major jurisdictions in which the Company files income tax returns include the U.S. federal jurisdiction, as well as various state jurisdictions within the U.S. The Company’s fiscal years 2011 through 2015 returns are subject to examination by the U.S. federal and various state tax authorities. During fiscal 2016, the Company was informed that the Internal Revenue Service will be auditing the fiscal 2014 tax year.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Mar. 26, 2016
Related Party Transactions
Related Party Transactions	14. Related Party Transactions Leases and Other Transactions The Company has entered into a lease agreement for one of its stores for the fiscal years ended March 26, 2016, March 28, 2015 and March 29, 2014 at a location owned by one minority stockholder of the Company. The Company paid $0.2 million for this lease during each of the fiscal years ended March 26, 2016, March 28, 2015 and March 29, 2014, respectively. These lease payments are included in cost of goods sold in the consolidated statements of operations. Related Party Loans As of March 30, 2013, the Company had notes payable to the subordinated lenders who own common stock of the Company or its subsidiary, Boot Barn Holding Corporation. These notes were paid in full in May 2013.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Mar. 26, 2016
Earnings Per Share
Earnings Per Share	15. Earnings Per Share Earnings per share is computed under the provisions of FASB ASC Topic 260, Earnings Per Share . Basic earnings per share is computed based on the weighted average number of outstanding shares of common stock during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method, whereby proceeds from such exercise, unamortized compensation and hypothetical excess tax benefits, if any, on share-based awards are assumed to be used by the Company to purchase the common shares at the average market price during the period. The dilutive effect of stock options and restricted stock is applicable only in periods of net income. The components of basic and diluted earnings per share of common stock, in aggregate, for fiscal 2016, 2015 and 2014 are as follows: Fiscal Year Ended March 26, March 28, March 29, 2016 2015 2014 (in thousands, except per share data) Net income attributed to Boot Barn Holdings, Inc. $ $ $ Less: Cash payment to holders of vested options — — Net income available for common stockholders $ $ $ Weighted average basic shares outstanding Dilutive effect of options and restricted stock Weighted average diluted shares outstanding Basic earnings per share $ $ $ Diluted earnings per share $ $ $ Options to purchase approximately 476,333 , 425,431 , and 1,059,850 shares of common stock during the fiscal years ended March 26, 2016, March 28, 2015 and March 29, 2014 were outstanding, but were not included in the computation of weighted average diluted common shares outstanding as the effect of doing so would have been anti-dilutive.

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
	Mar. 26, 2016
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)	16. Quarterly Financial Information (Unaudited) The tables below set forth selected quarterly financial data for each of the last two fiscal years. Fiscal 2016 Fiscal 2015 Fourth Third Second First Fourth Third Second First (in thousands, except select store data) quarter quarter quarter quarter quarter quarter quarter quarter Net sales $ $ $ $ $ $ $ $ Gross profit Income (loss) from operations Net income (loss) Percentage of net sales: Gross profit % % % % % % % % Income (loss) from operations % % % % % % % % Net income (loss) % % % % % % % % Select store data: Stores operating at end of quarter Same store sales growth (decline) % % % % % % % %

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 26, 2016
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The Company’s consolidated financial statements, prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), include the accounts of the Company and each of its subsidiaries, including WW Holding Corporation, Boot Barn Holding Corporation, Boot Barn, Inc., RCC Western Stores, Inc. (“RCC”), Baskins Acquisition Holdings, LLC (“Baskins”), Sheplers Inc. and Sheplers Holding Corporation (collectively with Sheplers, Inc. “Sheplers”) and Boot Barn International (Hong Kong) Limited (“Hong Kong”). All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation.
Change in Accounting Principle	Change in Accounting Principle The Company historically presented debt issuance costs, or fees paid to third party advisors related to directly issuing debt, as assets on the consolidated balance sheet. During the second quarter of fiscal 2016, the Company elected early adoption of Accounting Standards Update (ASU) 2015−03, “Interest − Imputation of Interest (Subtopic 835−30), Simplifying the Presentation of Debt Issuance Costs”. The guidance simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected. Therefore, these costs will continue to be amortized as interest expense over the term of the corresponding debt issuance. This guidance is not applicable to debt issuance costs associated with revolving line of credit agreements, and therefore these costs remain as assets on the condensed consolidated balance sheets. The Company has applied the guidance in ASU 2015-03 retrospectively to the prior period presented in the condensed consolidated balance sheet. The reclassification did not impact net income previously reported or any prior amounts reported on the condensed consolidated statements of operations. The following table presents the effect of the retrospective application of this change in accounting principle on the Company’s condensed consolidated balance sheet as of March 28, 2015: Reclassification of Debt Issuance Costs As Reported Effect of Change in As Adjusted (in thousands) March 28, 2015 Accounting Principle March 28, 2015 Assets Current assets: Prepaid expenses and other current assets $ $ $ Total current assets Noncurrent assets: Other assets Total assets $ $ $ Liabilities and stockholders' equity Current liabilities: Current portion of notes payable $ $ $ Total current liabilities Long-term liabilities: Long-term debt, net of current portion Total liabilities $ $ $ Total liabilities and stockholders' equity $ $ $
Fiscal Year	Fiscal Year The Company reports its results of operations and cash flows on a 52 ‑ or 53 ‑week basis, and its fiscal year ends on the last Saturday of March unless April 1 st is a Saturday, in which case the fiscal year ends on April 1 st . The years ending March 26, 2016 (“fiscal 2016”), March 28, 2015 (“fiscal 2015”) and March 29, 2014 (“fiscal 2014”) each consisted of 52 weeks.
Comprehensive Income	Comprehensive Income The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its consolidated financial statements.
Segment Reporting	Segment Reporting GAAP has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company operates in a single operating segment, which includes net sales generated from its retail stores and e ‑commerce websites. The vast majority of the Company’s identifiable assets are in the U.S.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Among the significant estimates affecting the Company’s consolidated financial statements are those relating to revenue recognition, inventories, goodwill, intangible and long ‑lived assets, stock ‑based compensation and income taxes. Management regularly evaluates its estimates and assumptions based upon historical experience and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. To the extent actual results differ from those estimates, the Company’s future results of operations may be affected.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents also include receivables from credit card sales. The carrying amounts of cash and cash equivalents represent their fair values.
Accounts Receivable	Accounts Receivable The Company’s accounts receivable consist of amounts due from commercial customers for merchandise sold, as well as receivables from suppliers under co ‑operative arrangements. The Company’s allowance for doubtful accounts was less than $0.1 million and zero for the fiscal years ending March 26, 2016 and March 28, 2015, respectively.
Inventories	Inventories Inventory consists primarily of purchased merchandise and is valued at the lower of cost or market. Cost is determined on a first ‑in, first ‑out basis and includes the cost of merchandise and import related costs, including freight, duty and agent commissions. The Company assesses the recoverability of inventory through a periodic review of historical usage and present demand. When the inventory on hand exceeds the foreseeable demand, the value of inventory that, at the time of the review, is not expected to be sold is written down to its estimated net realizable value. The Company recorded fair value adjustments to reflect the acquired cost of inventory related to its acquisitions of Baskins and Sheplers. These amounts were amortized over the period that the related inventory was sold. Amortization of the acquired cost of inventory was $0.5 million, $0.0 million and $ 0.9 million for fiscal 2016, 2015 and 2014, respectively.
Debt Issuance Costs and Debt Discounts	Debt Issuance Costs and Debt Discounts Debt issuance costs are capitalized and amortized to interest expense over the terms of the applicable loan agreements using the effective interest method. Those costs related to the issuance of debt are presented as a reduction to the principal amount of the debt. Debt issuance costs incurred with the issuance of revolving credit lines are included in prepaid expenses and other current assets. Debt discounts arise when transaction fees are paid to the lending institution. Debt discounts are recorded as a reduction to the principal amount of the debt. Amortization of debt discounts is recorded as an increase to the net principal amount of the debt and as a charge to interest expense over the term of the applicable loan agreement using the effective interest method.
Property and Equipment, net	Property and Equipment, net Property and equipment consists of leasehold improvements, machinery and equipment, furniture and fixtures and vehicles. Property and equipment is subject to depreciation and is recorded at cost less accumulated depreciation. Expenditures for major remodels and improvements are capitalized while minor replacements, maintenance and repairs that do not improve or extend the life of such assets are charged to expense. Gains or losses on disposal of fixed assets, when applicable, are reflected in operations. Depreciation is computed using the straight ‑line method over the estimated useful lives, ranging from five to ten years. Machinery and equipment is depreciated over five years. Furniture and fixtures are depreciated over seven years. Vehicles are depreciated over five years. Leasehold improvements are depreciated over the shorter of the terms of the leases or ten years.
Goodwill and Indefinite-Lived Intangible Assets	Goodwill and Indefinite ‑Lived Intangible Assets Goodwill is recorded as the difference between the aggregate consideration paid for an acquisition and the fair value of the acquired net tangible and intangible assets. Goodwill is tested for impairment at least annually or more frequently if indicators of impairment exist. An annual goodwill impairment test is performed as of the first day of the fourth fiscal quarter. Management evaluates the fair value of the reporting unit using a market ‑based analysis to review market capitalization as well as reviewing a discounted cash flow analysis using management’s assumptions. The Company conducts a two ‑step goodwill impairment test. The first step of the impairment test involves comparing the fair value of the reporting unit with its carrying value. The Company’s entire operations represent one reporting unit. The Company determines the fair value of its reporting unit using the income approach and market approach to valuation, as well as other generally accepted valuation methodologies. If the carrying amount of the reporting unit exceeds the reporting unit’s fair value, the Company performs the second step of the goodwill impairment test, which involves comparing the implied fair value of the reporting unit’s goodwill to the carrying value of that goodwill. The amount by which the carrying value of the goodwill exceeds its implied fair value, if any, will be recognized as an impairment loss. The Company concluded that there was no impairment of goodwill during fiscal 2016, 2015 or 2014. Intangible assets with indefinite lives, which include the Boot Barn and Sheplers trademarks, are not amortized but instead are measured for impairment at least annually, or when events indicate that impairment may exist. The Company calculates impairment as the excess of the carrying value of indefinite ‑lived intangible assets over their estimated fair value. If the carrying value exceeds the estimate of fair value an impairment charge is recorded. The Company concluded there was no impairment of intangible assets with indefinite lives during fiscal 2016, 2015 or 2014.
Definite-Lived Intangible Assets	Definite ‑Lived Intangible Assets Definite ‑lived intangible assets consist of certain trademarks, customer lists, non ‑compete agreements, and below ‑market leases. Definite ‑lived intangible assets are amortized utilizing the straight ‑line method over the assets’ estimated useful lives, with the exception of customer lists, which are amortized based on the estimated attrition rate. The period of amortization for trademarks is six months to two years, customer lists is three to five years, non ‑compete agreements is four to five years and below ‑market leases is four to 19 years.
Long-Lived Assets	Long ‑Lived Assets Long ‑lived assets consist of property and equipment and definite ‑lived intangible assets. The Company assesses potential impairment of its long ‑lived assets whenever events or changes in circumstances indicate that an asset or asset group’s carrying value may not be recoverable. Factors that are considered important that could trigger an impairment review include a current period operating or cash flow loss combined with a history of operating or cash flow losses and a projection or forecast that demonstrates continuing losses or insufficient income associated with the use of a long ‑lived asset or asset group. Other factors include a significant change in the manner of the use of the asset or a significant negative industry or economic trend. This evaluation is performed based on estimated undiscounted future cash flows from operating activities compared with the carrying value of the related assets. If the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized, measured by the difference between the carrying value, and the estimated fair value of the assets, with such estimated fair values determined using the best information available and in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements . The Company has determined that there were no impairments of long ‑lived assets during fiscal 2016, 2015 or 2014.
Stock-Based Compensation	Stock ‑Based Compensation Stock ‑based compensation is accounted for under FASB ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). The Company accounts for all stock ‑based compensation transactions using a fair ‑value method and recognizes the fair value of each award as an expense over the service period. The Company estimates the fair value of stock options granted using the Black ‑Scholes option ‑pricing model. The use of the Black ‑Scholes model requires a number of estimates, including the expected option term, the expected volatility in the price of the Company’s common stock, the risk ‑free rate of interest and the dividend yield on the Company’s common stock. Judgment is required in estimating the number of share ‑based awards that the Company expects will ultimately vest upon the fulfillment of service conditions (such as time ‑based vesting). The fair value of the Company’s restricted stock awards and restricted stock units is the closing price of the Company’s common stock on the grant date. The consolidated financial statements include amounts that are based on the Company’s best estimates and judgments. The Company classifies compensation expense related to these awards in the consolidated statements of operations based on the department to which the recipient reports.
Noncontrolling Interest	Noncontrolling Interest Until June 8, 2014, certain investors held approximately 5.0% of the outstanding shares of Boot Barn Holding Corporation. Noncontrolling interests were recorded based on an allocation of subsidiary earnings based on the relative ownership interest. On June 8, 2014, as a result of the Reorganization discussed in Note 1, the minority stockholders that formerly held 5.0% of Boot Barn Holding Corporation became holders of 5.0% of the Company.
Revenue Recognition	Revenue Recognition Revenue is recorded for store sales upon the purchase of merchandise by customers. E ‑commerce sales are recorded when the customer takes title of the merchandise and assumes risk of loss, collection of the relevant receivable is reasonably assured, persuasive evidence of an arrangement exists and the sales price is fixed or determinable, which generally occurs upon delivery of the product. Shipping and handling revenues are included in total net sales. Shipping costs incurred by the Company are included as cost of goods sold. Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales return reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. The total reserve for returns was $1.3 million, $0.7 million and $0.4 million as of fiscal 2016, 2015 and 2014, respectively and is recorded in accrued expenses and other current liabilities in the accompanying consolidated balance sheet. The following table provides a reconciliation of the activity related to the Company’s sales returns reserve: Sales Returns Reserve Fiscal Year Ended March 26, March 28, March 29, (In thousands) 2016 2015 2014 Beginning balance $ $ $ Provisions Sales returns Ending balance $ $ $ The Company maintains a customer loyalty program. Under the program, customers accumulate points based on purchase activity. For customers to maintain their active point balance, they must make a qualifying purchase of merchandise at least once in a 365 ‑day period. Once a loyalty program member achieves a certain point level, the member earns awards that may be redeemed for credits on merchandise purchases. To redeem awards, the member must make a qualifying purchase of merchandise within 60 days of the date the award was granted. Unredeemed awards and accumulated partial points are accrued as unearned revenue and as an adjustment to net sales. The unearned revenue for this program is recorded in accrued expenses and other current liabilities on the consolidated balance sheets and was $2.0 million as of both March 26, 2016 and March 28, 2015, respectively. The following table provides a reconciliation of the activity related to the Company’s customer loyalty program: Customer Loyalty Program Fiscal Year Ended March 26, March 28, March 29, (In thousands) 2016 2015 2014 Beginning balance $ $ $ Current year provisions Current year award redemptions Ending balance $ $ $ Proceeds from the sale of gift cards are deferred until the customers use the cards to acquire merchandise. Gift cards, gift certificates and store credits do not have expiration dates, and unredeemed gift cards, gift certificates and store credits are subject to state escheatment laws. The Company retains the percentage of the value of such unredeemed gift cards, gift certificates and store credits not escheated, and recognizes these amounts in net sales. The Company defers recognition of a layaway sale and its related profit to the accounting period when the customer receives the layaway merchandise. Income from the redemption of gift cards, gift card breakage, and the sale of layaway merchandise is included in net sales. In fiscal 2014, the Company elected to participate in a voluntary disclosure program with the State of Delaware in order to settle past due unclaimed property obligations. The Company agreed with the State of Delaware to settle all unreported escheatment liabilities in the amount of $0.3 million. These amounts were recorded in accrued expenses and other current liabilities in fiscal 2014 based upon preliminary settlement amounts. The final settlement was reached with, and amounts were paid to, the State of Delaware in May 2014.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes the cost of merchandise, obsolescence and shrink provisions, store and warehouse occupancy costs (including rent, depreciation and utilities), inbound and outbound freight, supplier allowances, occupancy ‑related taxes, compensation costs for merchandise purchasing and warehouse personnel and other inventory acquisition ‑related costs.
Store Opening Costs	Store Opening Costs Store opening costs consist of costs incurred prior to opening a new store and primarily consist of manager and other employee payroll, travel and training costs, marketing expenses, initial opening supplies and costs of transporting initial inventory and certain fixtures to store locations, as well as occupancy costs incurred from the time that we take possession of a store site to the opening of that store. Occupancy costs are included in cost of goods sold and the other store opening costs are included in selling, general and administrative (“SG&A”) expenses. All of these costs are expensed as incurred.
Advertising Costs	Advertising Costs Certain advertising costs, including direct mail, television and radio promotions, event sponsorship, in ‑store photographs and other promotional advertising are expensed when the marketing campaign commences. The Company had prepaid advertising costs of $0.6 million and $0.5 million as of March 26, 2016 and March 28, 2015, respectively. All other advertising costs are expensed as incurred. The Company recognized $22.0 million, $11.5 million and $11.3 million in advertising costs during fiscal 2016, 2015 and 2014, respectively.
Leases	Leases The Company recognizes rent expense for operating leases on a straight ‑line basis (including the effect of reduced or free rent and rent escalations) over the lease term. The difference between the cash paid to the landlord and the amount recognized as rent expense on a straight ‑line basis is recognized as an adjustment to deferred rent in the consolidated balance sheets. Cash reimbursements received from landlords for leasehold improvements and other cash payments received from landlords as lease incentives are recorded as deferred rent and are amortized using the straight ‑line method over the lease term as an offset to rent expense. Contingent rent, determined based on a percentage of sales in excess of specified levels, is recognized as rent expense when the achievement of the specified sales that triggers the contingent rent is probable.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC 740”), which requires the asset and liability approach for financial accounting and reporting of income taxes. Deferred tax assets and liabilities are attributable to differences between financial statement and income tax reporting. Deferred tax assets, net of any valuation allowances, represent the future tax return consequences of those differences and for operating loss and tax credit carryforwards, which will be deductible when the assets are recovered. Deferred tax assets are reduced by a valuation allowance if it is deemed more likely than not that some or all of the deferred tax assets will not be realized. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. We consider the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. The Company accounts for uncertain tax positions in accordance with ASC 740, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. It prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Such changes in recognition or measurement might result in the recognition of a tax benefit or an additional charge to the tax provision in the period. The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the consolidated statements of operations. Accrued interest and penalties, if incurred, are included within accrued expenses and other current liabilities in the consolidated balance sheets. There were no accrued interest or penalties for the fiscal years ended March 26, 2016 or March 28, 2015.
Per Share Information	Per Share Information Basic earnings per share is computed by dividing net income by the weighted average number of outstanding shares of common stock. In computing diluted earnings per share, the weighted average number of common shares outstanding is adjusted to reflect the effect of potentially dilutive securities such as stock options. In accordance with ASC 718, the Company utilizes the treasury stock method to compute the dilutive effect of stock options, restricted stock awards and restricted stock units.
Fair Value of Certain Financial Assets and Liabilities	Fair Value of Certain Financial Assets and Liabilities The Company follows FASB ASC Topic 820, Fair Value Measurements and Disclosures , (“ASC 820”) which requires disclosure of the estimated fair value of certain assets and liabilities defined by the guidance as financial instruments. The Company’s financial instruments consist principally of cash and cash equivalents, accounts receivable, accounts payable and debt. ASC 820 defines the fair value of financial instruments as the price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a three ‑level hierarchy for disclosure that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities. · Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. The Company’s Level 1 assets include investments in money market funds. · Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted 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 inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates and volatility, can be corroborated by readily observable market data. · Level 3 uses one or more significant inputs that are unobservable and supported by little or no market activity, and reflect the use of significant management judgment. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation. The Company’s Level 3 assets include certain acquired businesses and its Level 3 liability includes contingent consideration. Cash and cash equivalents, accounts receivable and accounts payable are valued at fair value and are classified according to the lowest level input that is significant to the fair value measurement. As a result, the asset or liability could be classified as Level 2 or Level 3 even though there may be certain significant inputs that are readily observable. The Company believes that the recorded value of its financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or duration. Although market quotes for the fair value of the outstanding debt arrangements discussed in Note 8 “Revolving credit facilities and long ‑term debt” are not readily available, the Company believes its carrying value approximates fair value due to the variable interest rates, which are Level 2 inputs. There were no financial assets or liabilities requiring fair value measurements as of March 26, 2016 on a recurring basis.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents. At times, such amounts held at banks may be in excess of Federal Deposit Insurance Corporation insurance limits, and the Company mitigates such risk by utilizing multiple banks.
Supplier Concentration Risk	Supplier Concentration Risk The Company purchases merchandise inventories from several hundred suppliers worldwide. Sales of products from the Company’s three largest suppliers totaled approximately 38% , 40% and 40% of net sales for fiscal 2016, 2015 and 2014.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB and the International Accounting Standards Board (“IASB”) jointly issued a new revenue recognition standard, ASU No. 2014 ‑09, Revenue From Contracts with Customers , that will supersede nearly all existing revenue recognition guidance under GAAP. The revenue recognition standard will allow for the recognition of revenue when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The standard permits the use of either a full retrospective or retrospective with cumulative effect transition method. Early adoption is not permitted. On August 8, 2015, the FASB issued ASU 2015-14, which defers the effective date of ASU No. 2014-09 by one year, and permits early adoption as long as the adoption date is not before the original public entity effective date. The standard is effective for public entities for annual and interim periods beginning after December 15, 2017. The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40) which amends the accounting guidance related to the evaluation of an entity’s ability to continue as a going concern. The amendment establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern in connection with preparing financial statements for each annual and interim reporting period. The update also gives guidance to determine whether to disclose information about relevant conditions and events when there is substantial doubt about an entity’s ability to continue as a going concern. This guidance is effective for the Company beginning in fiscal 2017. The Company does not expect the new guidance to have an impact on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new guidance does not change the customer’s accounting for service contracts. ASU 2015-05 is effective for the Company beginning in fiscal 2017 with early adoption permitted. The Company does not expect the new guidance to have an impact on its consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory . This update requires inventory within the scope of the standard to be measured at the lower of cost and net realizable value. Previous guidance required inventory to be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). This update is effective for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact the guidance will have on its consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments ("ASU 2015-16"), which simplifies the accounting for measurement-period adjustments to provisional amounts recognized in a business combination. ASU 2015-16 is effective for annual periods (and interim reporting periods within those years) beginning after December 15, 2016. The Company does not expect the new guidance to have an impact on its consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 eliminates the requirement to bifurcate deferred taxes between current and non-current on the balance sheet and requires that deferred tax liabilities and assets be classified as noncurrent on the balance sheet. ASU 2015-17 is effective for public entities in annual periods beginning after December 15, 2016, and for interim periods within those annual periods. The amendments for ASU-2015-17 can be applied retrospectively or prospectively and early adoption is permitted. The Company is currently evaluating the impact the guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The FASB issued this ASU to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet for those leases classified as operating leases under current U.S. GAAP and disclosing key information about leasing arrangements. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact the guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public entities, ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. The Company is currently evaluating the impact the guidance will have on its consolidated financial statements.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 26, 2016
Summary of Significant Accounting Policies
Schedule of effect of the retrospective application of change in accounting principle	The following table presents the effect of the retrospective application of this change in accounting principle on the Company’s condensed consolidated balance sheet as of March 28, 2015: Reclassification of Debt Issuance Costs As Reported Effect of Change in As Adjusted (in thousands) March 28, 2015 Accounting Principle March 28, 2015 Assets Current assets: Prepaid expenses and other current assets $ $ $ Total current assets Noncurrent assets: Other assets Total assets $ $ $ Liabilities and stockholders' equity Current liabilities: Current portion of notes payable $ $ $ Total current liabilities Long-term liabilities: Long-term debt, net of current portion Total liabilities $ $ $ Total liabilities and stockholders' equity $ $ $
Schedule of reconciliation of the activity related to the Company's sales returns reserve	The following table provides a reconciliation of the activity related to the Company’s sales returns reserve: Sales Returns Reserve Fiscal Year Ended March 26, March 28, March 29, (In thousands) 2016 2015 2014 Beginning balance $ $ $ Provisions Sales returns Ending balance $ $ $
Schedule of reconciliation of the activity related to the Company's customer loyalty program	The following table provides a reconciliation of the activity related to the Company’s customer loyalty program: Customer Loyalty Program Fiscal Year Ended March 26, March 28, March 29, (In thousands) 2016 2015 2014 Beginning balance $ $ $ Current year provisions Current year award redemptions Ending balance $ $ $

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Mar. 26, 2016
Business Combinations
Schedule of changes in the carrying amount of goodwill	The change in the carrying amount of goodwill is as follows (in thousands): Balance as of March 29, 2014 $ Activity during fiscal 2015 — Balance as of March 28, 2015 Goodwill as a result of the Sheplers Acquisition Balance as of March 26, 2016 $
Sheplers
Business Combinations
Schedule of estimated fair values of the assets acquired and liabilities assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date based on the purchase price allocation: At June 29, 2015 (in thousands) Assets acquired: Cash $ Accounts receivable Inventory Prepaid expenses and other current assets Property and equipment Properties under capital lease and financing transactions Intangible - below-market leases Intangible - trade name Intangible - customer lists Goodwill Other assets Total assets acquired $ Liabilities assumed: Accounts payable $ Accrued liabilities and other payables Accrued customer liabilities Deferred tax liability Capital lease and financing transactions Other liabilities Total liabilities assumed Net Assets acquired $
Schedule of net revenue and net loss included in the unaudited consolidated condensed statements of operations	The amount of net revenue and net loss of Sheplers included in the Company’s consolidated statements of operations subsequent to the June 29, 2015 acquisition date was as follows: Fiscal Year Ended March 26, 2016 (in thousands) Net sales $ Net loss $
Schedule of pro forma results of operations	Fiscal Year Ended March 26, March 28, 2016 2015 (in thousands) As adjusted net sales $ $ As adjusted net income $ $
Baskins
Business Combinations
Schedule of estimated fair values of the assets acquired and liabilities assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date based on the preliminary purchase price (in thousands): At May 25, 2013 (Level 3) Assets acquired: Cash and cash equivalents $ Current assets Property and equipment, net Intangible assets acquired Goodwill Other assets Total assets acquired $ Liabilities assumed: Other current liabilities $ Line of credit - current Notes payable - current Contingent consideration Above-market leases Capital lease obligation Total liabilities assumed Net Assets acquired $

Prepaid Expenses and Other Cu26

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Mar. 26, 2016
Prepaid Expenses and Other Current Assets
Schedule of prepaid expenses and other current assets	Prepaid expenses and other current assets consisted of the following (in thousands): March 26, March 28, 2016 2015 Prepaid rent and property taxes $ — $ Prepaid advertising Prepaid insurance Deferred taxes Income tax receivable Debt issuance costs — Other Total prepaid expenses and other current assets $ $

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Mar. 26, 2016
Property and Equipment, Net
Schedule of property and equipment, net	Property and equipment, net, consisted of the following (in thousands): March 26, March 28, 2016 2015 Land $ $ — Buildings — Leasehold improvements Machinery and equipment Furniture and fixtures Construction in progress Vehicles Less: Accumulated depreciation Property and equipment, net $ $

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Mar. 26, 2016
Intangible Assets, Net
Schedule of net intangible assets	Net intangible assets consisted of the following: March 26, 2016 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life (in thousands, except for weighted average useful life) Customer lists $ $ $ Non-compete agreements Below-market leases Total definite lived Trademarks—indefinite lived — Total intangible assets $ $ $ March 28, 2015 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life (in thousands, except for weighted average useful life) Trademarks $ $ $ — Customer lists Non-compete agreements Below-market leases Total definite lived Trademarks—indefinite lived — Total intangible assets $ $ $
Schedule of estimated future amortization of intangible assets	As of March 26, 2016, estimated future amortization of intangible assets was as follows: Fiscal year (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter Total $

Accrued Expenses and Other Cu29

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Mar. 26, 2016
Accrued Expenses and Other Current Liabilities
Schedule of accrued expenses and other current liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands): March 26, March 28, 2016 2015 Accrued compensation $ $ Deferred revenue Sales tax liability Accrued interest Sales reward redemption liability Capital leases-short term Other Total accrued expenses $ $

Revolving Credit Facilities a30

Revolving Credit Facilities and Long-Term Debt (Tables)	12 Months Ended
	Mar. 26, 2016
Revolving Credit Facilities and Long-Term Debt
Schedule of information related to the term loan	The following sets forth the balance sheet information related to the term loan: March 26, March 28, 2016    2015 (in thousands) Term Loan $   $ Unamortized value of the debt issuance costs and debt discount (1) Net carrying value $ $ (1) Includes the reclassification of debt issuance costs of $0.1 million from “Prepaid and other current assets” and $0.5 million from “Other assets” at March 28, 2015 as a result of the Company adopting ASU 2015-03. See Note 2.
Schedule of aggregate contractual maturities for the Company's line of credit and long-term debt	Aggregate contractual maturities for the Company’s line of credit and term loan as of March 26, 2016 are as follows: Fiscal Year (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter Total $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Mar. 26, 2016
Stock-Based Compensation
Schedule of assumptions used to determine fair value of stock options	The fair values of stock options granted in fiscal 2016, 2015 and 2014 were estimated on the grant dates using the following assumptions: Fiscal Year Ended March 26, March 28, March 29, 2016 2015 2014 Expected option term (1) years years years Expected volatility factor (2) % - % % - % % Risk-free interest rate (3) % - % % - % % - % Expected annual dividend yield (4) % % % (1) The Company has limited historical information regarding expected option term. Accordingly, the Company determined the expected life of the options using the simplified method. (2) Stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company’s competitors’ common stock over the most recent period equal to the expected option term of the Company’s awards. (3) The risk ‑free interest rate is determined using the rate on treasury securities with the same term. (4) The board of directors paid a dividend to stockholders in April 2014. The Company’s board of directors does not plan to pay cash dividends in the foreseeable future. Consequently, we used an expected dividend yield of zero .
Schedule of stock award activity	The following table summarizes the stock award activity for the fiscal year ended March 26, 2016: Weighted Grant Date Average Weighted Remaining Aggregate Stock Average Contractual Intrinsic Options Exercise Price (1) Life (in Years) Value (in thousands) Outstanding at March 28, 2015 $ Granted $ Exercised $ $ Cancelled, forfeited or expired $ Outstanding at March 26, 2016 $ $ Vested and expected to vest after March 26, 2016 $ $ Exerciseable at March 26, 2016 $ $ (1) The grant date weighted-average exercise price reflects the reduction of the exercise price by $2.00 per share for the 1,918,550 unvested options that were part of the April 2014 dividend discussed above.
Schedule of non-vested stock options	A summary of the status of non-vested stock options as of March 26, 2016 and changes during fiscal 2016 is presented below: Weighted- Average Grant Date Shares Fair Value Nonvested at March 28, 2015 $ Granted $ Vested $ Nonvested shares forfeited $ Nonvested at March 26, 2016 $
CEO
Stock-Based Compensation
Schedule of assumptions used to determine fair value of stock options	The following significant assumptions were used as of October 29, 2014: Stock price $ Exercise price $ Expected option term years Expected volatility % Risk-free interest rate % Expected annual dividend yield %

Leases (Tables)

Leases (Tables)	12 Months Ended
	Mar. 26, 2016
Leases
Schedule of non-cancelable future minimum rental payments under operating leases	Operating Leases The following is a schedule by year of non ‑cancelable future minimum rental payments under operating leases as of March 26, 2016 (in thousands): Related All party (1) other Total 2017 $ $ $ 2018 2019 — 2020 — 2021 — Thereafter — Total $ $ $ (1) See Note 14 “Related Party Transactions”.
Schedule of future minimum capital lease payments	As of March 26, 2016, future minimum capital lease and financing transaction payments are as follows: Fiscal Year (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter Total Less: Imputed interest Present value of capital leases and financing transaction Less: Current capital leases and financing transaction Noncurrent capital leases and financing transaction $
Schedule of capital leases included in property and equipment	The net property and equipment involved in the Company’s capital leases and financing transaction are included in property and equipment as follows: March 26, March 28, 2016 2015 (in thousands) Buildings $ $ — Land — Site Improvements — Equipment Property and equipment, gross Less: accumulated depreciation Property and equipment, net $ $
Schedule of long-term lease liabilities	Other liabilities, which relate to long ‑term lease liabilities, are as follows: March 26, March 28, (in thousands) 2016 2015 Above-market leases $ $ Long-term deferred rent Capital lease residual value — Total other liabilities $ $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 26, 2016
Income Taxes
Schedule of income tax expense	Income tax expense consisted of the following: Fiscal Year Ended March 26, March 28, March 29, (in thousands) 2016 2015 2014 Current: Federal $ $ $ State Foreign — — Total current Deferred: Federal State Foreign — — Total deferred Total income tax expense $ $ $
Schedule of reconciliation between the Company’s effective tax rate on income from operations and the statutory tax rate	The reconciliation between the Company’s effective tax rate on income from operations and the statutory tax rate is as follows: Fiscal Year Ended March 26 March 28, March 29, 2016 2015 2014 Expected provision at statutory U.S. federal tax rate % % % State and local income taxes, net of federal tax benefit Change in tax rates State credits — — Acquisition costs — — Permanent items — — Other Effective tax rate % % %
Schedule of significant components of the Company’s net deferred tax assets	Significant components of the Company’s net deferred tax assets as of March 26, 2016 and March 28, 2015 consisted of the following (in thousands): March 26 March 28, 2016 2015 Deferred tax assets: State taxes $ $ Accrued liabilities Award program liabilities Deferred revenue Inventory Stock options Net operating loss carryforward — Other Total deferred tax assets Deferred tax liabilities: Depreciation and amortization Prepaid expenses Total deferred tax liabilities Deferred income taxes, net $ $

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Mar. 26, 2016
Earnings Per Share
Schedule of the components of basic and diluted earnings per share of common stock	The components of basic and diluted earnings per share of common stock, in aggregate, for fiscal 2016, 2015 and 2014 are as follows: Fiscal Year Ended March 26, March 28, March 29, 2016 2015 2014 (in thousands, except per share data) Net income attributed to Boot Barn Holdings, Inc. $ $ $ Less: Cash payment to holders of vested options — — Net income available for common stockholders $ $ $ Weighted average basic shares outstanding Dilutive effect of options and restricted stock Weighted average diluted shares outstanding Basic earnings per share $ $ $ Diluted earnings per share $ $ $

Quarterly Financial Informati35

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Mar. 26, 2016
Quarterly Financial Information (Unaudited)
Schedule of quarterly financial data	The tables below set forth selected quarterly financial data for each of the last two fiscal years. Fiscal 2016 Fiscal 2015 Fourth Third Second First Fourth Third Second First (in thousands, except select store data) quarter quarter quarter quarter quarter quarter quarter quarter Net sales $ $ $ $ $ $ $ $ Gross profit Income (loss) from operations Net income (loss) Percentage of net sales: Gross profit % % % % % % % % Income (loss) from operations % % % % % % % % Net income (loss) % % % % % % % % Select store data: Stores operating at end of quarter Same store sales growth (decline) % % % % % % % %

Description of the Company and

Description of the Company and Basis of Presentation (Details) $ / shares in Units, $ in Thousands	Feb. 25, 2015$ / sharesshares	Oct. 31, 2014$ / sharesshares	Oct. 29, 2014USD ($)shares	Oct. 19, 2014$ / sharesshares	Mar. 26, 2016USD ($)stateVotestore$ / sharesshares	Dec. 26, 2015store	Sep. 26, 2015store	Jun. 27, 2015store	Mar. 28, 2015statestore$ / sharesshares	Dec. 27, 2014store	Sep. 27, 2014store	Jun. 28, 2014store	Jun. 09, 2014shares	Jun. 08, 2014	Mar. 29, 2014statestore
Business Operations
Number of shares authorized				100,000,000	100,000,000				100,000,000
Number of shares issued					26,354,000				25,824,000
Number of shares outstanding					26,349,387				25,824,569
Number of votes per common share | Vote					1
Number of stores | store					208	206	201	176	169	166	158	155			152
Number of states in which the Company operates | state					29				26						23
Percentage of the entity's shares owned by minority stockholders of the Predecessor													5.00%
Ownership percentage of noncontrolling shareholders (as a percent)														5.00%
Non-controlling interest | $					$ 0
Common stock, par value (in dollars per share) | $ / shares				$ 0.0001	$ 0.0001				$ 0.0001
Preferred stock, shares authorized (in shares)				10,000,000	10,000,000				10,000,000
Preferred stock, par value (in dollars per share) | $ / shares				$ 0.0001	$ 0.0001				$ 0.0001
Stock split, conversion ratio				0.04
IPO and over-allotments
Business Operations
Shares issued (in shares)		5,750,000
Stock price (in dollars per share) | $ / shares		$ 16
IPO
Business Operations
Shares issued (in shares)			5,000,000
Net proceeds from initial public offering | $			$ 82,200
Underwriting discount | $			6,400
Related fees and expenses | $			$ 3,300
Over-allotments
Business Operations
Shares issued (in shares)	813,332	750,000
Stock price (in dollars per share) | $ / shares	$ 23.50
Secondary Offering
Business Operations
Shares issued (in shares)	6,235,544
Freeman Spogli & Co.
Business Operations
Number of shares outstanding					13,435,387				12,432,000
WW Holding Corporation | Boot Barn Holding Corporation
Business Operations
Ownership percentage (as a percent)														95.00%
Boot Barn Holding Corporation
Business Operations
Number of shares issued													1,000,000
Ownership percentage of noncontrolling shareholders (as a percent)													5.00%	5.00%
American Worker
Business Operations
Number of stores | store					2

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Reclassification of Debt Issuance Costs, Fiscal Year, Accounts Receivable and Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Current assets:
Prepaid Expense and Other Assets, Current	$ 15,558	$ 10,656
Total current assets	203,219	145,279
Noncurrent assets:
Other assets	2,075	567
Total assets	539,326	326,128
Current liabilities:
Current portion of notes payable, net of unamortized debt issuance costs	1,035	1,596
Total current liabilities	152,299	86,493
Long-term liabilities:
Long-term debt, net of current portion	192,579	72,030
Total liabilities	377,836	183,706
Total liabilities and stockholders' equity	$ 539,326	$ 326,128
Fiscal Year
Fiscal year period	364 days	364 days	364 days
Accounts Receivable
Allowance for bad debt	$ 100	$ 0
Inventories
Amortization of inventory fair value adjustment	$ (500)	0	$ 867
As Reported
Current assets:
Prepaid Expense and Other Assets, Current		10,773
Total current assets		145,396
Noncurrent assets:
Other assets		1,026
Total assets		326,704
Current liabilities:
Current portion of notes payable, net of unamortized debt issuance costs		1,713
Total current liabilities		86,610
Long-term liabilities:
Long-term debt, net of current portion		72,489
Total liabilities		184,282
Total liabilities and stockholders' equity		326,704
Effect of Change in Accounting Principle
Current assets:
Prepaid Expense and Other Assets, Current		(117)
Total current assets		(117)
Noncurrent assets:
Other assets		(459)
Total assets		(576)
Current liabilities:
Current portion of notes payable, net of unamortized debt issuance costs		(117)
Total current liabilities		(117)
Long-term liabilities:
Long-term debt, net of current portion		(459)
Total liabilities		(576)
Total liabilities and stockholders' equity		$ (576)

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Useful Lives of Property and Equipment (Details)	12 Months Ended
	Mar. 26, 2016
Minimum
Property and Equipment, Net
Useful life	5 years
Maximum
Property and Equipment, Net
Useful life	10 years
Machinery and equipment
Property and Equipment, Net
Useful life	5 years
Furniture and fixtures
Property and Equipment, Net
Useful life	7 years
Vehicles
Property and Equipment, Net
Useful life	5 years
Leasehold improvements
Property and Equipment, Net
Useful life	10 years

Summary of Significant Accoun39

Summary of Significant Accounting Policies = Intangible and Long-Lived Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Goodwill and Indefinite-Lived Intangible Assets
Goodwill impairment	$ 0	$ 0	$ 0
Impairment of indefinite-lived intangible assets, excluding goodwill	0	0	0
Long-Lived Assets
Asset impairment charges	$ 0	$ 0	$ 0
Trademarks
Definite-Lived Intangible Assets
Useful life		10 months 24 days
Trademarks | Minimum
Definite-Lived Intangible Assets
Useful life	6 months
Trademarks | Maximum
Definite-Lived Intangible Assets
Useful life	2 years
Customer lists
Definite-Lived Intangible Assets
Useful life	4 years 10 months 24 days	5 years
Customer lists | Minimum
Definite-Lived Intangible Assets
Useful life	3 years
Customer lists | Maximum
Definite-Lived Intangible Assets
Useful life	5 years
Non-compete agreements
Definite-Lived Intangible Assets
Useful life	4 years 10 months 24 days	4 years 8 months 12 days
Non-compete agreements | Minimum
Definite-Lived Intangible Assets
Useful life	4 years
Non-compete agreements | Maximum
Definite-Lived Intangible Assets
Useful life	5 years
Below-market leases
Definite-Lived Intangible Assets
Useful life	9 years 4 months 24 days	10 years 4 months 24 days
Below-market leases | Minimum
Definite-Lived Intangible Assets
Useful life	4 years
Below-market leases | Maximum
Definite-Lived Intangible Assets
Useful life	19 years

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Noncontrolling Interest (Details)	Jun. 09, 2014	Jun. 08, 2014
Noncontrolling Interest
Ownership percentage of noncontrolling shareholders (as a percent)		5.00%
Boot Barn Holding Corporation
Noncontrolling Interest
Ownership percentage of noncontrolling shareholders (as a percent)	5.00%	5.00%

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Sales Returns Reserve and Customer Loyalty Program (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Activity related to customer loyalty program
Escheatment liability settled			$ 300
Customer Loyalty Program
Activity related to customer loyalty program
Number of days in which customers must make a qualifying purchase in order to maintain an active point balance	365 days
Number of days from award grant date in which the customer has to make a qualifying purchase to redeem the awards	60 days
Beginning Balance	$ 1,971	$ 1,950	1,343
Current year provisions	5,718	4,996	5,015
Current year award redemptions	(5,714)	(4,975)	(4,408)
Ending Balance	1,975	1,971	1,950
Allowance for Sales Returns
Activity related to sales returns reserve
Beginning Balance	687	430	238
Provisions	29,597	17,689	15,034
Sales returns	(28,965)	(17,432)	(14,842)
Ending Balance	$ 1,319	$ 687	$ 430

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Additonal Disclosures (Details) $ in Thousands	12 Months Ended
	Mar. 26, 2016USD ($)item	Mar. 28, 2015USD ($)item	Mar. 29, 2014USD ($)item
Advertising Costs
Prepaid advertising	$ 570	$ 513
Advertising expense	22,000	11,500	$ 11,300
Income Taxes
Accrued interest and penalties	0	$ 0
Fair Value of Certain Financial Assets and Liabilities
Financial assets requiring fair value measurements on a recurring basis	0
Financial liabilities requiring fair value measurements on a recurring basis	$ 0
Supplier Concentration Risk | Sales Revenue
Supplier Concentration Risk
Number of largest suppliers | item	3	3	3
Concentration risk percentage	38.00%	40.00%	40.00%

Business Combinations (Details)

Business Combinations (Details) $ in Thousands

Jun. 29, 2015USD ($)item

May. 25, 2013USD ($)store

Mar. 28, 2014USD ($)

Mar. 26, 2016USD ($)store

Mar. 28, 2015USD ($)store

Mar. 29, 2014USD ($)store

Dec. 26, 2015store

Sep. 26, 2015store

Jun. 27, 2015store

Dec. 27, 2014store

Sep. 27, 2014store

Jun. 28, 2014store

May. 23, 2013store

Business Combinations

Number of Stores | store

208

169

152

206

201

176

166

158

155

Cash paid net of preliminary working capital adjustment, cash acquired and other adjustments

$ 146,541

$ 15,696

Additional information

Selling, general and administrative expenses

142,078

$ 99,341

91,998

Assets acquired:

Goodwill

193,095

$ 93,097

93,097

Purchase Price Reconciliation

Acquisition-related costs

$ 891

671

Change in carrying amount of goodwill

Additions

2015 Golub Term Loan

Business Combinations

Principal amount

$ 200,000

June 2015 Wells Fargo Revolver

Business Combinations

Outstanding borrowings

57,000

Borrowing capacity

$ 125,000

Trademarks

Assets acquired:

Useful life

10 months 24 days

Trademarks | Minimum

Assets acquired:

Useful life

6 months

Trademarks | Maximum

Assets acquired:

Useful life

2 years

Non-compete agreements

Assets acquired:

Useful life

4 years 10 months 24 days

4 years 8 months 12 days

Non-compete agreements | Minimum

Assets acquired:

Useful life

4 years

Non-compete agreements | Maximum

Assets acquired:

Useful life

5 years

Customer lists

Assets acquired:

Useful life

4 years 10 months 24 days

5 years

Customer lists | Minimum

Assets acquired:

Useful life

3 years

Customer lists | Maximum

Assets acquired:

Useful life

5 years

Below-market leases

Assets acquired:

Useful life

9 years 4 months 24 days

10 years 4 months 24 days

Below-market leases | Minimum

Assets acquired:

Useful life

4 years

Below-market leases | Maximum

Assets acquired:

Useful life

19 years

Sheplers

Business Combinations

Number of retail locations added as a result of acquisition | item

25

Purchase price

$ 147,000

Existing indebtedness refinanced

172,000

Fair value of consideration transferred

149,300

Cash paid net of preliminary working capital adjustment, cash acquired and other adjustments

147,000

Preliminary working capital adjustment, cash acquired and other adjustments

2,300

Assets acquired:

Cash

2,762

Accounts receivable

1,792

Inventory

30,436

Prepaid expenses and other current assets

17,711

Property and equipment

10,744

Properties under capital lease and financing transactions

10,528

Goodwill

99,998

Other assets

128

Total assets acquired

184,287

Liabilities assumed:

Accounts payable

14,554

Accrued liabilities and other payables

5,065

Accrued customer liabilities

1,318

Deferred tax liability

1,226

Capital lease and financing transactions

8,853

Other liabilities

3,968

Total liabilities assumed

34,984

Net assets acquired

149,303

Purchase Price Reconciliation

Acquisition-related costs

$ 900

Change in carrying amount of goodwill

Additions

99,998

Proforma information

Net revenue

126,877

Net income/(loss)

(6,082)

As adjusted net sales

601,952

$ 559,950

As adjusted net loss

$ 6,449

$ 13,162

Sheplers | Trade name

Assets acquired:

Intangible - trade name

9,200

Sheplers | Customer lists

Assets acquired:

Intangible

488

Sheplers | Below-market leases

Assets acquired:

Intangible

$ 500

Baskins

Business Combinations

Interest acquired

100.00%

Number of Stores | store

30

Consideration transferred for acquired net assets

$ 36,000

Fair value of consideration transferred

37,700

Cash paid to acquiree members

13,700

Cash placed in escrow

2,200

Repayment of acquiree debt

$ 20,100

Additional information

Contingent consideration achievement term

12 months

Number of new stores | store

3

3

Maximum cash payment if milestones are achieved

$ 2,100

Actual cash payment due to achievement of milestones

$ 2,100

Selling, general and administrative expenses

400

Assets acquired:

Cash

1,935

Current assets

22,083

Property and equipment, net

5,850

Intangible assets acquired

5,006

Goodwill

15,064

Other assets

109

Total assets acquired

50,047

Liabilities assumed:

Other current liabilities

12,119

Line of credit - current

10,259

Notes payable - current

9,819

Contingent consideration

1,740

Above-market leases

83

Capital lease obligation

138

Total liabilities assumed

34,158

Net assets acquired

$ 15,889

Purchase Price Reconciliation

Acquisition-related costs

700

Proforma information

Net revenue

63,400

Net income/(loss)

$ 100

Baskins | Trademarks | Minimum

Assets acquired:

Useful life

6 months

Baskins | Trademarks | Maximum

Assets acquired:

Useful life

2 years

Baskins | Non-compete agreements | Minimum

Assets acquired:

Useful life

4 years

Baskins | Non-compete agreements | Maximum

Assets acquired:

Useful life

5 years

Baskins | Customer lists

Assets acquired:

Useful life

5 years

Baskins | Below-market leases | Minimum

Assets acquired:

Useful life

2 years

Baskins | Below-market leases | Maximum

Assets acquired:

Useful life

17 years

Prepaid Expenses and Other Cu44

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 26, 2016	Mar. 28, 2015
Prepaid Expenses and Other Current Assets
Prepaid rent and property taxes		$ 2,314
Prepaid advertising	$ 570	513
Prepaid insurance	1,052	582
Deferred taxes	6,150	5,358
Income tax receivable	5,869	916
Debt issuance costs	752
Other	1,165	973
Total prepaid expenses and other current assets	$ 15,558	$ 10,656

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Property and Equipment, Net
Property and equipment, gross	$ 100,959	$ 44,002
Less: Accumulated depreciation	(24,883)	(13,948)
Property and equipment, net	76,076	30,054
Depreciation	11,480	6,615	$ 4,628
Land
Property and Equipment, Net
Property and equipment, gross	2,530
Buildings
Property and Equipment, Net
Property and equipment, gross	7,998
Leasehold improvements
Property and Equipment, Net
Property and equipment, gross	42,190	18,716
Machinery and equipment
Property and Equipment, Net
Property and equipment, gross	13,433	6,738
Furniture and fixtures
Property and Equipment, Net
Property and equipment, gross	31,462	16,345
Construction in progress
Property and Equipment, Net
Property and equipment, gross	2,427	1,720
Vehicles
Property and Equipment, Net
Property and equipment, gross	$ 919	$ 483

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Intangible assets, net
Gross Carrying Amount	$ 14,326	$ 16,488
Accumulated Amortization	(8,842)	(9,457)
Net	5,484	7,031
Gross carrying amount	73,703	66,588
Intangible assets, net	64,861	57,131
Amortization of intangible assets	2,536	2,592	$ 3,501
Fiscal year
2,017	2,067
2,018	903
2,019	519
2,020	388
2,021	314
Thereafter	1,293
Total	5,484
Trademarks
Intangible assets, net
Indefinite-lived intangible assets	59,377	50,100
Intangible assets, net	59,377	50,100
Trademarks
Intangible assets, net
Gross Carrying Amount		2,490
Accumulated Amortization		$ (2,490)
Weighted Average Useful Life		10 months 24 days
Customer lists
Intangible assets, net
Gross Carrying Amount	7,788	$ 7,300
Accumulated Amortization	(6,172)	(4,473)
Net	$ 1,616	$ 2,827
Weighted Average Useful Life	4 years 10 months 24 days	5 years
Non-compete agreements
Intangible assets, net
Gross Carrying Amount	$ 1,290	$ 1,380
Accumulated Amortization	(968)	(788)
Net	$ 322	$ 592
Weighted Average Useful Life	4 years 10 months 24 days	4 years 8 months 12 days
Below-market leases
Intangible assets, net
Gross Carrying Amount	$ 5,248	$ 5,318
Accumulated Amortization	(1,702)	(1,706)
Net	$ 3,546	$ 3,612
Weighted Average Useful Life	9 years 4 months 24 days	10 years 4 months 24 days

Accrued Expenses and Other Cu47

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 26, 2016	Mar. 28, 2015
Accrued Expenses and Other Current Liabilities
Accrued compensation	$ 6,304	$ 7,207
Deferred revenue	7,073	4,360
Sales tax liability	4,526	3,554
Accrued interest	205	192
Sales award redemption liability	1,975	1,971
Capital leases-short term	378	30
Other	15,435	6,747
Total accrued expenses	$ 35,896	$ 24,061

Revolving Credit Facilities a48

Revolving Credit Facilities and Long-Term Debt - Revolving Credit Facilities and Long-Term Debt (Details)

Sep. 30, 2017

Apr. 01, 2017

Dec. 24, 2016

Jun. 25, 2016

Mar. 26, 2016USD ($)

Jun. 29, 2015USD ($)

Feb. 23, 2015USD ($)

Nov. 05, 2014USD ($)

Nov. 04, 2014

Apr. 30, 2014USD ($)

Mar. 26, 2016USD ($)

Mar. 28, 2015USD ($)

Apr. 15, 2014USD ($)

Apr. 14, 2014USD ($)

Apr. 13, 2014USD ($)

May. 31, 2013USD ($)

Revolving credit facilities and long-term debt

Total

$ 247,315,000

$ 247,315,000

Dividends paid

$ 41,300,000

$ 41,300,000

Result of Adopting ASU 2015-03 | Prepaid and other current assets

Revolving credit facilities and long-term debt

Reclassification adjustment

(100,000)

Result of Adopting ASU 2015-03 | Other Assets

Revolving credit facilities and long-term debt

Reclassification adjustment

(500,000)

Maximum

Revolving credit facilities and long-term debt

Consolidated total net leverage ratio

5

February 2015 Wells Fargo Bank credit facility

Revolving credit facilities and long-term debt

Existing indebtedness refinanced

$ 150,000,000

Transaction fee paid

$ 1,400,000

Interest expense

800,000

February 2015 Wells Fargo Bank credit facility | Interest expense

Revolving credit facilities and long-term debt

Deferred loan fees written off

1,400,000

Wells Fargo Bank revolving credit facility

Revolving credit facilities and long-term debt

Current borrowing capacity

75,000,000

Wells Fargo Bank letters of credit

Revolving credit facilities and long-term debt

Current borrowing capacity

5,000,000

Wells Fargo Bank term loan

Revolving credit facilities and long-term debt

Principal amount

75,000,000

Additional incremental term loan capacity

50,000,000

Term loan

$ 198,500,000

198,500,000

75,000,000

Unamortized value of the debt issuance costs and debt discount

(4,886,000)

(4,886,000)

(1,374,000)

Total

193,614,000

193,614,000

73,626,000

2015 Golub Term Loan

Revolving credit facilities and long-term debt

Principal amount

$ 200,000,000

Required payment frequency

quarter

Periodic payment

$ 500,000

Deferred loan fees

$ 4,900,000

$ 5,600,000

4,900,000

Interest expense

$ 8,300,000

Weighted average interest rate (as a percent)

5.50%

5.50%

2015 Golub Term Loan | Base rate

Revolving credit facilities and long-term debt

Basis margin (as a percent)

3.50%

2015 Golub Term Loan | Federal funds rate

Revolving credit facilities and long-term debt

Basis margin (as a percent)

0.50%

2015 Golub Term Loan | One-month LIBOR rate

Revolving credit facilities and long-term debt

Basis margin (as a percent)

1.00%

2015 Golub Term Loan | LIBOR

Revolving credit facilities and long-term debt

Basis margin (as a percent)

4.50%

LIBOR floor rate

1.00%

2015 Golub Term Loan | Minimum

Revolving credit facilities and long-term debt

Step down consolidated total net leverage ratio

4

2015 Golub Term Loan | Maximum

Revolving credit facilities and long-term debt

Step down consolidated total net leverage ratio

4.25

4.50

4.75

Revolving credit facility (PNC Bank, N.A.)

Revolving credit facilities and long-term debt

Borrowing capacity

$ 70,000,000

$ 60,000,000

Repayment of line of credit

50,800,000

Interest expense

2,600,000

Letter of Credit (PNC Bank, N.A.)

Revolving credit facilities and long-term debt

Borrowing capacity

$ 5,000,000

$130 million term loan due May 2019 (Golub Capital LLC)

Revolving credit facilities and long-term debt

Principal amount

$ 130,000,000

$ 99,200,000

LIBOR floor rate

1.00%

1.25%

Effective interest rate (as a percent)

6.75%

7.00%

Interest expense

$ 6,800,000

Repayments of loan

47,300,000

$ 81,900,000

Pre-payment penalty

1,100,000

$130 million term loan due May 2019 (Golub Capital LLC) | Interest expense

Revolving credit facilities and long-term debt

Pre-payment penalty

600,000

Amortization of deferred loan fees

$ 1,700,000

2013 Golub Loan and PNC Line of Credit | Interest expense

Revolving credit facilities and long-term debt

Deferred loan fees

$ 1,400,000

June 2015 Wells Fargo Revolver

Revolving credit facilities and long-term debt

Borrowing capacity

$ 125,000,000

Commitment fee on unused capacity (as a percentage)

0.25%

Deferred loan fees

$ 800,000

$ 900,000

$ 800,000

Interest expense

$ 900,000

Weighted average interest rate (as a percent)

1.70%

1.70%

June 2015 Wells Fargo Revolver | Federal funds rate

Revolving credit facilities and long-term debt

Basis margin (as a percent)

0.50%

June 2015 Wells Fargo Revolver | One-month LIBOR rate

Revolving credit facilities and long-term debt

Basis margin (as a percent)

1.00%

June 2015 Wells Fargo Revolver | Minimum

Revolving credit facilities and long-term debt

Consolidated fixed charge coverage ratio

1

June 2015 Wells Fargo Revolver | Minimum | Base rate

Revolving credit facilities and long-term debt

Basis margin (as a percent)

0.00%

June 2015 Wells Fargo Revolver | Minimum | LIBOR

Revolving credit facilities and long-term debt

Basis margin (as a percent)

1.00%

June 2015 Wells Fargo Revolver | Maximum | Base rate

Revolving credit facilities and long-term debt

Basis margin (as a percent)

0.25%

June 2015 Wells Fargo Revolver | Maximum | LIBOR

Revolving credit facilities and long-term debt

Basis margin (as a percent)

1.25%

June 2015 Wells Fargo Revolver | 2015 Golub Term Loan

Revolving credit facilities and long-term debt

Additional interest rate required if certain triggering events come into existence (as a percent)

2.00%

June 2015 Wells Fargo Revolver | 2015 Golub Term Loan | Interest expense

Revolving credit facilities and long-term debt

Amortization of deferred loan fees

$ 800,000

Revolving Credit Facilities a49

Revolving Credit Facilities and Long-Term Debt - Aggregate Contractual Maturities (Details) $ in Thousands	Mar. 26, 2016USD ($)
Fiscal year
2,017	$ 2,000
2,018	2,000
2,019	2,000
2,020	2,000
2,021	2,000
Thereafter	237,315
Total	$ 247,315

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options and Significant Valuation Assumptions (Details) $ / shares in Units, $ in Thousands	Oct. 29, 2014$ / sharesshares	Apr. 11, 2014USD ($)$ / sharesshares	Mar. 26, 2016USD ($)item$ / sharesshares	Mar. 28, 2015USD ($)installmentitem$ / sharesshares	Mar. 29, 2014USD ($)$ / sharesshares	Oct. 19, 2014$ / sharesshares	Jan. 27, 2012shares
Stock-Based Compensation
Common stock, par value (in dollars per share)			$ 0.0001	$ 0.0001		$ 0.0001
Cash dividend | $		$ 39,900
Cash payment to holders of vested options | $				$ 1,443
Cash payments | $		41,300		41,300
Retained earnings | $		0	$ 23,594	$ 13,726
Reduction to paid-in capital | $		39,700
Stock Options
Stock-Based Compensation
Cash payment to holders of vested options | $		$ 1,400
Number of options for which exercise price was lowered | shares		1,918,550
Reduction to exercise price		$ 2
Incremental stock-based compensation expense | $		$ 0
Grant date fair value, per share			$ 9.92
Assumptions used
Stock price (in dollars per share)			$ 9.34
Expected option term			P5Y6M	P5Y6M	P6Y6M
Expected volatility factor, minimum			33.30%	37.00%
Expected volatility factor, maximum			36.70%	56.20%
Expected volatility factor					56.20%
Risk-free interest rate, minimum			1.30%	1.40%	1.90%
Risk-free interest rate, maximum			1.80%	2.00%	2.00%
Expected annual dividend yield			0.00%	0.00%	0.00%
Stock Options
Outstanding at the beginning of period | shares			2,902,775
Granted | shares			294,153
Exercised | shares			(528,575)
Canceled, forfeited or expired | shares			(221,220)
Outstanding at the end of period | shares			2,447,133	2,902,775
Vested and expected to vest after end of period | shares			2,447,133
Exercisable at end of period | shares			1,112,030
Grant Date Weighted-Average Exercise Price
Outstanding at the beginning of period			$ 7.56
Granted			26.29
Exercised			5.17
Canceled, forfeited or expired			12.69
Outstanding at the end of period			9.87	$ 7.56
Vested and expected to vest at end of period			9.87
Exercisable at end of period			$ 7.12
Weighted Average Remaining Contractual Life
Weighted average remaining contractual life, awards outstanding			6 years 7 months 6 days
Weighted average remaining contractual life, awards vested and expected to vest			6 years 7 months 6 days
Weighted average remaining contractual life, awards exercisable			6 years 1 month 6 days
Aggregate Intrinsic Value
Aggregate intrinsic value, awards exercised | $			$ 10,679
Aggregate intrinsic value, awards outstanding | $			5,164
Aggregate intrinsic value, awards vested and expected to vest | $			5,164
Aggregate intrinsic value, awards exercisable | $			$ 3,013
Stock Options | Members of management
Stock-Based Compensation
Vesting period			5 years	5 years
Grant date fair value | $			$ 2,700	$ 3,500
Stock Options | Members of management | Minimum
Stock-Based Compensation
Grant date fair value, per share			$ 7.48	$ 6.08
Grant Date Weighted-Average Exercise Price
Granted			22.31	9.40
Stock Options | Members of management | Maximum
Stock-Based Compensation
Grant date fair value, per share			11.52	9.27
Grant Date Weighted-Average Exercise Price
Granted			$ 32.02	$ 25.50
2011 Plan | Stock Options
Stock-Based Compensation
Shares authorized | shares							3,750,000
Expiration period			10 years
Vesting period			5 years
2011 Plan | Stock Options | Members of management
Stock-Based Compensation
Vesting period					5 years
Grant date fair value | $					$ 2,100
Stock Options
Granted | shares				237,500	312,500
2011 Plan | Stock Options | Members of management | Minimum
Stock-Based Compensation
Grant date fair value, per share					$ 6.64
Grant Date Weighted-Average Exercise Price
Exercised					7.18
2011 Plan | Stock Options | Members of management | Maximum
Stock-Based Compensation
Grant date fair value, per share					6.92
Grant Date Weighted-Average Exercise Price
Exercised					$ 8.16
2014 Plan
Stock-Based Compensation
Shares authorized | shares						1,600,000
Common stock, par value (in dollars per share)						$ 0.0001
2014 Plan | Stock Options
Stock-Based Compensation
Expiration period			8 years
Vesting period			5 years
2014 Plan | Stock Options | Members of management
Stock-Based Compensation
Granted | shares			294,153
Stock Options
Granted | shares				265,650
2014 Plan | Stock Options | CEO
Assumptions used
Stock price (in dollars per share)	$ 16
Exercise price (in dollars per share)	$ 16
Expected option term	P6Y
Expected volatility factor	55.00%
Risk-free interest rate	1.80%
Expected annual dividend yield	0.00%
Stock Options
Granted | shares	99,650
2014 Plan | Restricted Stock Awards
Stock-Based Compensation
Grant date fair value | $				$ 500
Number of directors awarded restricted stock awards | item				1
Granted | shares				30,313
2014 Plan | Restricted Stock Awards | Minimum
Stock-Based Compensation
Vesting period			1 year
2014 Plan | Restricted Stock Awards | Maximum
Stock-Based Compensation
Vesting period			4 years
2014 Plan | Restricted Stock Awards | Members of management
Stock-Based Compensation
Vesting period				1 year
2014 Plan | Restricted Stock Awards | Employees
Stock-Based Compensation
Number of annual, equal installments in which shares granted will vest | installment				4
2014 Plan | Restricted Stock Units
Stock-Based Compensation
Vesting period			5 years
Grant date fair value | $			$ 1,700
Number of annual, equal installments in which shares granted will vest | item			5
Granted | shares			86,530

Stock-Based Compensation - Nonv

Stock-Based Compensation - Nonvested Options, Restricted Stock and Stock-Based Compensation Expense (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Compensation Related Costs [Abstract]
Stock-based compensation expense	$ 2.9	$ 2	$ 1.3
Cost of goods sold.
Compensation Related Costs [Abstract]
Stock-based compensation expense	$ 0.4	$ 0.4	$ 0.2
Stock Options
Shares
Nonvested at beginning of period	1,800,170
Granted	294,153
Vested	(538,000)
Nonvested shares forfeited	(221,220)
Nonvested at end of period	1,335,103	1,800,170
Weighted-Average Grant Date Fair Value
Nonvested at beginning of period	$ 4.57
Granted	9.92
Vested	3.87
Nonvested shares forfeited	5.08
Nonvested at end of period	$ 5.82	$ 4.57
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Abstract]
Unrecognized stock-based compensation expense	$ 6.5
Weighted-average recognition period	3 years 11 days
Restricted Stock Awards
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized [Abstract]
Unrecognized stock-based compensation expense	$ 1.7
Weighted-average recognition period	4 years 1 month 2 days

Commitments and Contingencies (

Commitments and Contingencies (Details)	Apr. 28, 2016item
Commitments and Contingencies
Number of employees filing wage and hour class action	2

Leases - Future Minimum Rental

Leases - Future Minimum Rental Payments Under Operating Leases and Rent Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Operating leases, future minimum payments
2,017	$ 33,746
2,018	31,753
2,019	27,846
2,020	24,471
2,021	23,165
Thereafter	67,924
Total	208,905
Rent expense	38,100	$ 27,300	$ 25,000
Related Party
Operating leases, future minimum payments
2,017	199
2,018	101
Total	300
All other
Operating leases, future minimum payments
2,017	33,547
2,018	31,652
2,019	27,846
2,020	24,471
2,021	23,165
Thereafter	67,924
Total	$ 208,605

Leases - Capital Leases and Oth

Leases - Capital Leases and Other Information (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2007	Mar. 26, 2016USD ($)buildingstoreitem	Mar. 29, 2014USD ($)	Mar. 28, 2015USD ($)
Capital Lease and Financing Transactions
Proceeds from sale of property and equipment			$ 24
Capital leases and the financing transactions included in property and equipment
Property and equipment, gross		$ 10,591		$ 91
Less: accumulated depreciation		(551)		(20)
Property and equipment, net		10,040		71
Capital leases, future minimum payments
2,017		1,267
2,018		1,286
2,019		1,309
2,020		1,321
2,021		1,346
Thereafter		8,310
Total		14,839
Less: Imputed interest		(6,189)
Present value of capital lease and financing transaction		8,650
Less: Current capital lease and financing transaction		(378)		(30)
Noncurrent capital lease and financing transaction		8,272		15
Long-term liabilities:
Above-market leases		45		117
Long-term deferred rent		8,418		3,949
Capital lease residual value		3,968
Total other liabilities		12,431		4,066
Buildings
Capital leases and the financing transactions included in property and equipment
Property and equipment, gross		7,588
Land
Capital leases and the financing transactions included in property and equipment
Property and equipment, gross		2,530
Site Improvements
Capital leases and the financing transactions included in property and equipment
Property and equipment, gross		410
Equipment
Capital leases and the financing transactions included in property and equipment
Property and equipment, gross		$ 63		$ 91
Capital Lease
Capital Lease and Financing Transactions
Number of retail stores acquired as part of acquisition | store		2
Number of office buildings acquired as part of acquisition | building		2
Number of distribution center facilities acquired as part of acquisition | item		1
Interest rate, minimum		6.10%
Interest rate, maximum		12.00%
Capital leases, future minimum payments
Present value of capital lease and financing transaction		$ 1,000
Financing Transactions
Capital Lease and Financing Transactions
Lease term	20 years
Capital leases, future minimum payments
Present value of capital lease and financing transaction		$ 7,700

Defined Contribution Plan (Deta

Defined Contribution Plan (Details) $ in Millions	12 Months Ended
	Mar. 26, 2016USD ($)item	Mar. 28, 2015USD ($)	Mar. 29, 2014USD ($)
Defined Contribution Plan
Minimum number of hours required for eligibility | item	1,000
Minimum employment duration for plan eligibility	1 year
Plan contributions and plan costs | $	$ 0.4	$ 0.4	$ 0.3
First 3%
Defined Contribution Plan
Percentage of employer match	100.00%
Percentage of employee gross pay for which employer contributes a full matching contribution	3.00%
Next 2%
Defined Contribution Plan
Percentage of employer match	50.00%
Percentage of employee gross pay for which employer contributes a full matching contribution	5.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Accrued interest and penalties	$ 0	$ 0
Current:
Federal	2,533	6,542	$ 4,510
State	1,105	1,203	685
Foreign	8
Total current	3,646	7,745	5,195
Deferred:
Federal	3,736	1,461	(1,536)
State	65	(740)	(338)
Foreign	(4)
Total deferred	3,797	721	(1,874)
Total income tax expense	$ 7,443	$ 8,466	$ 3,321
The reconciliation between the Company's effective tax rate on income from operations and the statutory tax rate
Expected provision at statutory U.S. federal tax rate	35.00%	35.00%	34.00%
State and local taxes, net of federal tax benefit	4.70%	3.70%	4.50%
Change in tax rates	1.00%	0.50%	(0.10%)
State credits			(1.80%)
Acquisition costs	1.80%
Permanent items	1.70%
Other	(1.20%)	(1.10%)	0.40%
Effective income tax rate (as a percent)	43.00%	38.10%	37.00%
Deferred tax assets:
State taxes	$ 232	$ 913
Accrued liabilities	2,909	1,991
Award program liabilities	768	868
Deferred revenue	731	425
Inventory	2,602	2,952
Stock options	1,960	1,512
Net operating loss carryforward	11,611
Other	510	521
Total deferred tax assets	21,323	9,182
Deferred tax liabilities:
Depreciation and amortization	(25,531)	(24,685)
Prepaid expenses	(784)	(430)
Total deferred tax liabilities	(26,315)	(25,115)
Deferred income taxes, net	(4,992)	(15,933)
Valuation allowance	0	0
Unrecognized tax benefits
Unrecognized tax benefits	0	$ 0
Federal
Deferred tax liabilities:
Net operating loss carryforwards	28,200
State
Deferred tax liabilities:
Net operating loss carryforwards	$ 22,300

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	12 Months Ended
	Mar. 26, 2016USD ($)storestockholder	Mar. 28, 2015USD ($)storestockholder	Mar. 29, 2014USD ($)storestockholder	Dec. 26, 2015store	Sep. 26, 2015store	Jun. 27, 2015store	Dec. 27, 2014store	Sep. 27, 2014store	Jun. 28, 2014store
Related Party Transactions
Stores operating at end of quarter | store	208	169	152	206	201	176	166	158	155
Lease payments | $	$ 38.1	$ 27.3	$ 25
Leases and other transactions | Minority Stockholder
Related Party Transactions
Stores operating at end of quarter | store	1	1	1
Number of minority stockholders involved in related party lease agreement | stockholder	1	1	1
Leases and other transactions | Minority Stockholder | Cost of goods sold.
Related Party Transactions
Lease payments | $	$ 0.2	$ 0.2	$ 0.2

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 29, 2014
Earnings Per Share
Net income attributed to Boot Barn Holdings, Inc.	$ 9,868	$ 13,726	$ 5,377
Less: Cash payment to holders of vested options		(1,443)
Net income available for common stockholders	$ 9,868	$ 12,283	$ 5,377
Weighted average basic shares outstanding	26,170,000	22,126,000	18,929,000
Dilutive effect of options and restricted stock	785,000	762,000	246,000
Weighted average diluted shares outstanding	26,955,000	22,888,000	19,175,000
Basic earnings per share	$ 0.38	$ 0.56	$ 0.28
Diluted earnings per share	$ 0.37	$ 0.54	$ 0.28
Shares that were not included in the computation of weighted average diluted common shares amounts	476,333	425,431	1,059,850

Quarterly Financial Informati59

Quarterly Financial Information (Unaudited) (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 26, 2016USD ($)store	Dec. 26, 2015USD ($)store	Sep. 26, 2015USD ($)store	Jun. 27, 2015USD ($)store	Mar. 28, 2015USD ($)store	Dec. 27, 2014USD ($)store	Sep. 27, 2014USD ($)store	Jun. 28, 2014USD ($)store	Mar. 26, 2016USD ($)store	Mar. 28, 2015USD ($)store	Mar. 29, 2014USD ($)store
Quarterly Financial Information (Unaudited)
Net sales	$ 149,466	$ 193,842	$ 129,712	$ 96,000	$ 103,280	$ 130,523	$ 86,384	$ 82,497	$ 569,020	$ 402,684	$ 345,868
Gross profit	42,372	64,179	35,873	30,779	33,978	46,156	27,753	26,890	173,203	134,777	113,205
Income (loss) from operations	5,617	20,193	(411)	4,835	7,804	17,857	4,382	5,393	30,234	35,436	20,536
Net income (loss)	$ 1,012	$ 9,928	$ (3,343)	$ 2,271	$ 2,610	$ 8,763	$ 944	$ 1,413	$ 9,868	$ 13,730	$ 5,660
Percentage of net sales:
Gross profit	28.30%	33.10%	27.70%	32.10%	32.90%	35.40%	32.10%	32.60%
Income (loss) from operations	3.80%	10.40%	(0.30%)	5.00%	7.60%	13.70%	5.10%	6.50%
Net income (loss)	0.70%	5.10%	(2.60%)	2.40%	2.50%	6.70%	1.10%	1.70%
Select store data:
Stores operating at end of quarter | store	208	206	201	176	169	166	158	155	208	169	152
Same store sales growth (decline)	(1.20%)	(2.00%)	0.10%	5.60%	7.00%	7.20%	7.30%	7.70%