Boot Barn (BOOT) 10-Q 4 Feb 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 28, 2019	Feb. 03, 2020
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 28, 2019
Entity File Number	001-36711
Entity Registrant Name	Boot Barn Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	90-0776290
Entity Address, Address Line One	15345 Barranca Pkwy
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92618
City Area Code	949
Local Phone Number	453-4400
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	BOOT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		28,771,509
Current Fiscal Year End Date	--03-28
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001610250
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019
Current assets:
Cash and cash equivalents	$ 45,446	$ 16,614
Accounts receivable, net	11,239	8,095
Inventories	275,352	240,734
Prepaid expenses and other current assets	13,849	11,900
Total current assets	345,886	277,343
Property and equipment, net	102,597	98,663
Right-of-use assets, net	168,082
Goodwill	197,502	195,858
Intangible assets, net	61,019	62,845
Other assets	1,749	1,366
Total assets	876,835	636,075
Current liabilities:
Line of credit	45,000
Accounts payable	122,800	104,955
Accrued expenses and other current liabilities	78,231	46,988
Short-term lease liabilities	34,135
Total current liabilities	280,166	151,943
Deferred taxes	16,466	17,202
Long-term portion of notes payable, net	108,832	174,264
Capital lease obligations		6,746
Long-term lease liabilities	152,790
Other liabilities	4,642	21,756
Total liabilities	562,896	371,911
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, $0.0001 par value; December 28, 2019 - 100,000 shares authorized, 28,832 shares issued; March 30, 2019 - 100,000 shares authorized, 28,399 shares issued	3	3
Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding
Additional paid-in capital	167,175	159,137
Retained earnings	147,912	105,692
Less: Common stock held in treasury, at cost, 67 and 51 shares at December 28, 2019 and March 30, 2019, respectively	(1,151)	(668)
Total stockholders' equity	313,939	264,164
Total liabilities and stockholders' equity	$ 876,835	$ 636,075

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 28, 2019	Mar. 30, 2019
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)	28,831,991	28,399,000
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)	67,000	51,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 283,997	$ 254,006	$ 656,947	$ 584,099
Type of Revenue	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Cost of goods sold	$ 186,961	$ 168,343	$ 438,417	$ 396,071
Type of Cost of Service	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Gross profit	$ 97,036	$ 85,663	$ 218,530	$ 188,028
Selling, general and administrative expenses	62,059	56,366	154,558	140,205
Income from operations	34,977	29,297	63,972	47,823
Interest expense, net	3,155	4,011	10,369	12,264
Other income, net	37	4	51	4
Income before income taxes	31,859	25,290	53,654	35,563
Income tax expense	7,040	6,260	11,434	5,238
Net income	$ 24,819	$ 19,030	$ 42,220	$ 30,325
Earnings per share:
Basic shares (in dollars per share)	$ 0.87	$ 0.67	$ 1.48	$ 1.08
Diluted shares (in dollars per share)	$ 0.85	$ 0.66	$ 1.45	$ 1.05
Weighted average shares outstanding:
Basic shares	28,665	28,320	28,516	28,014
Diluted shares	29,367	28,886	29,188	28,775

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Total
Balance at Mar. 31, 2018	$ 3	$ 148,127	$ 66,670	$ (194)	$ 214,606
Balance (in shares) at Mar. 31, 2018	27,331,000			(31,000)
Increase (Decrease) in Stockholders' Equity
Net income			6,761		6,761
Issuance of common stock related to stock-based compensation		5,038			5,038
Issuance of common stock related to stock-based compensation (in shares)	709,000
Tax withholding for net share settlement				$ (306)	(306)
Tax withholding for net share settlement (in shares)				(14,000)
Stock-based compensation expense		612			612
Balance at Jun. 30, 2018	$ 3	153,777	73,431	$ (500)	226,711
Balance (in shares) at Jun. 30, 2018	28,040,000			(45,000)
Balance at Mar. 31, 2018	$ 3	148,127	66,670	$ (194)	214,606
Balance (in shares) at Mar. 31, 2018	27,331,000			(31,000)
Increase (Decrease) in Stockholders' Equity
Net income					30,325
Balance at Dec. 29, 2018	$ 3	158,360	96,995	$ (597)	254,761
Balance (in shares) at Dec. 29, 2018	28,377,000			(48,000)
Balance at Jun. 30, 2018	$ 3	153,777	73,431	$ (500)	226,711
Balance (in shares) at Jun. 30, 2018	28,040,000			(45,000)
Increase (Decrease) in Stockholders' Equity
Net income			4,534		4,534
Issuance of common stock related to stock-based compensation		2,987			2,987
Issuance of common stock related to stock-based compensation (in shares)	337,000
Tax withholding for net share settlement				$ (74)	(74)
Tax withholding for net share settlement (in shares)				(2,000)
Stock-based compensation expense		804			804
Balance at Sep. 29, 2018	$ 3	157,568	77,965	$ (574)	234,962
Balance (in shares) at Sep. 29, 2018	28,377,000			(47,000)
Increase (Decrease) in Stockholders' Equity
Net income			19,030		19,030
Tax withholding for net share settlement				$ (23)	(23)
Tax withholding for net share settlement (in shares)				(1,000)
Stock-based compensation expense		792			792
Balance at Dec. 29, 2018	$ 3	158,360	96,995	$ (597)	254,761
Balance (in shares) at Dec. 29, 2018	28,377,000			(48,000)
Balance at Mar. 30, 2019	$ 3	159,137	105,692	$ (668)	264,164
Balance (in shares) at Mar. 30, 2019	28,399,000			(51,000)
Increase (Decrease) in Stockholders' Equity
Net income			9,721		9,721
Issuance of common stock related to stock-based compensation		1,267			1,267
Issuance of common stock related to stock-based compensation (in shares)	143,000
Tax withholding for net share settlement				$ (422)	(422)
Tax withholding for net share settlement (in shares)				(15,000)
Stock-based compensation expense		965			965
Balance at Jun. 29, 2019	$ 3	161,369	115,413	$ (1,090)	275,695
Balance (in shares) at Jun. 29, 2019	28,542,000			(66,000)
Balance at Mar. 30, 2019	$ 3	159,137	105,692	$ (668)	264,164
Balance (in shares) at Mar. 30, 2019	28,399,000			(51,000)
Increase (Decrease) in Stockholders' Equity
Net income					42,220
Balance at Dec. 28, 2019	$ 3	167,175	147,912	$ (1,151)	$ 313,939
Balance (in shares) at Dec. 28, 2019	28,832,000			(67,000)	28,764,670
Balance at Jun. 29, 2019	$ 3	161,369	115,413	$ (1,090)	$ 275,695
Balance (in shares) at Jun. 29, 2019	28,542,000			(66,000)
Increase (Decrease) in Stockholders' Equity
Net income			7,680		7,680
Issuance of common stock related to stock-based compensation		655			655
Issuance of common stock related to stock-based compensation (in shares)	90,000
Tax withholding for net share settlement				$ (61)	(61)
Tax withholding for net share settlement (in shares)				(1,000)
Stock-based compensation expense		1,180			1,180
Balance at Sep. 28, 2019	$ 3	163,204	123,093	$ (1,151)	285,149
Balance (in shares) at Sep. 28, 2019	28,632,000			(67,000)
Increase (Decrease) in Stockholders' Equity
Net income			24,819		24,819
Issuance of common stock related to stock-based compensation		2,790			2,790
Issuance of common stock related to stock-based compensation (in shares)	200,000
Stock-based compensation expense		1,181			1,181
Balance at Dec. 28, 2019	$ 3	$ 167,175	$ 147,912	$ (1,151)	$ 313,939
Balance (in shares) at Dec. 28, 2019	28,832,000			(67,000)	28,764,670

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Cash flows from operating activities
Net income	$ 42,220	$ 30,325
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	15,384	13,225
Stock-based compensation	3,326	2,207
Amortization of intangible assets	127	499
Amortization of right-of-use assets	22,899
Amortization of debt issuance fees and debt discount	725	933
Loss on disposal of property and equipment	389	23
Gain on adjustment of right-of-use assets and lease liabilities	(186)
Damaged asset write-off		103
Insurance recovery receivable		(99)
Accretion of above market leases		(20)
Store impairment charge	0	455
Deferred taxes	(736)	2,113
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable, net	290	(3,522)
Inventories	(32,257)	(11,897)
Prepaid expenses and other current assets	(1,885)	1,774
Other assets	(559)	(269)
Accounts payable	17,063	32,761
Accrued expenses and other current liabilities	31,929	21,410
Other liabilities	396	1,588
Operating leases	(22,324)
Net cash provided by operating activities	76,801	91,609
Cash flows from investing activities
Purchases of property and equipment	(27,550)	(21,826)
Acquisition of business, net of cash acquired	(3,688)	(4,424)
Insurance recoveries for property and equipment	717	4
Net cash used in investing activities	(30,521)	(26,246)
Cash flows from financing activities
Borrowings/(payments) on line of credit - net	45,000	(21,006)
Repayments on debt and finance lease obligations	(65,456)	(10,382)
Debt issuance fees paid	(1,221)
Tax withholding payments for net share settlement	(483)	(403)
Proceeds from the exercise of stock options	4,712	8,026
Net cash used in financing activities	(17,448)	(23,765)
Net increase in cash and cash equivalents	28,832	41,598
Cash and cash equivalents, beginning of period	16,614	9,016
Cash and cash equivalents, end of period	45,446	50,614
Supplemental disclosures of cash flow information:
Cash paid for income taxes	8,139	397
Cash paid for interest	9,472	11,290
Supplemental disclosure of non-cash activities:
Unpaid purchases of property and equipment	$ 2,659	$ 1,178

Description of the Company and

Description of the Company and Basis of Presentation	9 Months Ended
	Dec. 28, 2019
Business Operations
Description of the Company and Basis of Presentation	BOOT BARN HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENT S (Unaudited) ​ 1. Description of the Company and Basis of Presentation ​ Boot Barn Holdings, Inc. (the “Company”), the parent holding company of the group of operating subsidiaries that conduct the Boot Barn business, 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 28,831,991 issued and 28,764,670 outstanding shares of common stock as of December 28, 2019. The shares of common stock have voting rights of one vote per share. ​ The Company operates specialty retail stores and e-commerce websites 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 251 stores in 33 states as of December 28, 2019 and 240 stores in 33 states as of March 30, 2019. As of December 28, 2019, all stores operate under the Boot Barn name, with the exception of two stores that operate under the “American Worker” name. ​ Basis of Presentation ​ The Company’s condensed consolidated financial statements as of and for the thirteen and thirty-nine weeks ended December 28, 2019 and December 29, 2018 are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and include the accounts of the Company and each of its subsidiaries, consisting of Boot Barn, Inc., RCC Western Stores, Inc., Baskins Acquisition Holdings, LLC, Sheplers, Inc. and Sheplers Holding Corporation (collectively with Sheplers, Inc., “Sheplers”) and Boot Barn International (Hong Kong) Limited. All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation. The vast majority of the Company’s identifiable assets are in the United States. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements have been condensed or omitted. ​ In the opinion of management, the interim condensed consolidated financial statements reflect all adjustments that are of a normal and recurring nature necessary to fairly present the Company’s financial position and results of operations and cash flows in all material respects as of the dates and for the periods presented. The results of operations presented in the interim condensed consolidated financial statements are not necessarily indicative of the results that may be expected for the fiscal year ending March 28, 2020. ​ Fiscal Periods ​ The Company reports its results of operations and cash flows on a 52- or 53-week basis ending on the last Saturday of March unless April 1st is a Saturday, in which case the fiscal year ends on April 1st. In a 52-week year, each quarter includes thirteen weeks of operations; in a 53-week fiscal year, the first, second and third quarters each include thirteen weeks of operations and the fourth quarter includes fourteen weeks of operations. Both the fiscal year ending on March 28, 2020 ​

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 28, 2019
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies ​ Information regarding the Company’s significant accounting policies is contained in Note 2, “Summary of Significant Accounting Policies”, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on May 24, 2019. Presented below in the following notes is supplemental information that should be read in conjunction with those consolidated financial statements. ​ 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’s retail stores and e-commerce websites represent two operating segments. Given the similar qualitative and economic characteristics of the two operating segments, the Company’s retail stores and e-commerce websites are aggregated into one reporting segment in accordance with guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting ​ 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. ​ Inventories ​ Inventory consists primarily of purchased merchandise and is valued at the lower of cost or net realizable value. 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 at or above cost is written down to its estimated net realizable value. ​ Fair Value of Certain Financial Assets and Liabilities ​ The Company follows FASB ASC Topic 820, Fair Value Measurements and Disclosures ​ ● Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. ​ ● 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 the evaluation of store impairment. ​ Cash and cash equivalents, accounts receivable and accounts payable 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 approximates 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 5, “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 ​ Recently Adopted Accounting Pronouncements ​ In February 2016, the FASB issued ASU No. 2016-02, Leases As a result of the adoption of the new accounting standard, the Company elected transition-related practical expedients as accounting policies which allowed it to not reassess, as of the adoption date, (1) whether any expired or existing contracts are or contain leases, (2) the classification of any expired or existing leases, and (3) if previously capitalized initial direct costs qualify for capitalization under ASC 842. The Company elected the practical expedient option to not separate lease and non-lease components for all of its leases, and also elected the short-term lease recognition exemption that keeps leases with an initial term of 12 months or less excluded from balance sheet capitalization. This results in recognizing those lease payments in the consolidated statements of operations on a straight-line basis over the lease term. As of March 31, 2019, the first day of fiscal 2020, the Company recorded right-of-use (“ROU”) assets of $164.5 million and lease liabilities of $179.4 million upon adoption of this standard. The adoption of this standard did not have a material impact on its consolidated statements of operations and consolidated statements of cash flows. Refer to Note 8, “Leases” for further discussion. Revenue Recognition Revenue is recorded for store sales upon the purchase of merchandise by customers. Transfer of control takes place at the point at which the customer receives and pays for the merchandise at the register. E-commerce sales are recorded when control transfers to the customer, 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 in cost of goods sold. 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 ​ ​ ​ ​ ​ ​ ​ ​ Customer Loyalty Program ​ ​ ​ ​ ​ (in thousands) December 28, 2019 ​ December 29, 2018 Beginning balance as of March 30, 2019 and March 31, 2018, respectively $ 1,936 ​ $ 1,705 Year-to-date provisions ​ ​ 5,410 ​ ​ 4,237 Year-to-date award redemptions ​ ​ (4,795) ​ ​ (3,798) Ending balance ​ $ 2,551 ​ $ 2,144 ​ Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales returns 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 is recorded in accrued expenses and other current liabilities in the consolidated balance sheets. The Company accounts for the asset and liability separately on a gross basis. 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. Amounts remaining after escheatment are recognized in net sales in the period escheatment occurs and the liability is considered to be extinguished. 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. The following table provides a reconciliation of the activity related to the Company’s gift card program: ​ ​ ​ ​ ​ ​ ​ ​ Gift Card Program ​ ​ ​ ​ ​ (in thousands) December 28, 2019 ​ December 29, 2018 Beginning balance as of March 30, 2019 and March 31, 2018, respectively $ 8,796 ​ $ 7,857 Year-to-date issued ​ ​ 13,269 ​ ​ 11,165 Year-to-date redemptions ​ ​ (9,221) ​ ​ (7,492) Ending balance ​ $ 12,844 ​ $ 11,530 ​ Disaggregated Revenue The Company disaggregates net sales into the following major merchandise categories: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended % of Net Sales ​ December 28, 2019 ​ December 29, 2018 ​ ​ December 28, 2019 ​ December 29, 2018 Footwear ​ 48% ​ 49% ​ ​ 50% ​ 51% Apparel ​ ​ 37% ​ 37% ​ ​ 35% ​ 34% Hats, accessories and other ​ ​ 15% ​ 14% ​ ​ 15% ​ 15% Total ​ ​ 100% ​ 100% ​ ​ 100% ​ 100% ​ The Company further disaggregates net sales between stores and e-commerce: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended % of Net Sales ​ December 28, 2019 ​ December 29, 2018 ​ ​ December 28, 2019 ​ December 29, 2018 Stores ​ 82% ​ 82% ​ ​ 84% ​ 83% E-commerce ​ ​ 18% ​ 18% ​ ​ 16% ​ 17% Total ​ ​ 100% ​ 100% ​ ​ 100% ​ 100% ​ Recent Accounting Pronouncements ​ In January 2017, the FASB issued ASU No. 2017-04 , Intangibles — Goodwill and Other: Simplifying the Test for Goodwill Impairment , which simplifies the accounting for goodwill impairment by eliminating step two from the goodwill impairment test. Under this new guidance, if the carrying amount of a reporting unit exceeds its estimated fair value, an impairment charge shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The amendments in this ASU are effective prospectively for fiscal years and interim periods within those years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company plans to adopt the standard in the first quarter of fiscal 2021 and does not expect the revised standard to have a material impact on the consolidated financial statements.

Asset Acquisition and Business

Asset Acquisition and Business Combination	9 Months Ended
	Dec. 28, 2019
Asset Acquisition and Business Combination
Asset Acquisition and Business Combination	3. Asset Acquisition and Business Combinations G.&L. Clothing, Inc. On August 26, 2019, Boot Barn, Inc. completed the acquisition of G.&L. Clothing, Inc. (“G.&L. Clothing”), an individually-owned retailer operating one store in Des Moines, Iowa. As part of the transaction, Boot Barn, Inc. purchased the inventory, entered into new leases with the store’s landlord and offered employment to the G.&L. Clothing team. The primary reason for the acquisition of G.&L. Clothing was to further expand the Company’s retail operations in Iowa. The cash consideration paid for the acquisition was $3.7 million. In allocating the purchase price, the Company recorded all assets acquired and liabilities assumed at fair value. 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 of G.&L. Clothing. The excess of the purchase price over the net tangible and intangible assets was recorded as goodwill. The Company determined the estimated fair values using Level 3 inputs after review and consideration of relevant information, including quoted market prices and estimates made by management. The inventory was valued using the comparative sales method. Property and equipment, net, customer list and merchandise credits and other current liabilities were valued under either the cost or income approach. 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: ​ ​ ​ ​ (in thousands) At August 26, 2019 Assets acquired: ​ ​ ​ Inventory $ 2,361 Property & equipment, net ​ ​ 64 Customer list ​ ​ 345 Right-of-use asset, net ​ ​ 1,946 Goodwill ​ ​ 1,644 Total assets acquired ​ $ 6,360 ​ ​ ​ ​ Liabilities assumed: ​ Merchandise credits and other current liabilities ​ $ 169 Short-term lease liability ​ ​ 129 Long-term lease liability ​ ​ 2,374 Total liabilities assumed ​ ​ 2,672 Net assets acquired ​ $ 3,688 ​ Drysdales, Inc. On July 3, 2018, Boot Barn, Inc. completed the acquisition of assets from Drysdales, Inc. (“Drysdales”), a retailer with two stores in Tulsa, Oklahoma. As part of the transaction, Boot Barn, Inc. purchased the inventory, entered into new leases with the stores’ landlord, offered employment to the Drysdales team at both store locations and assumed certain customer credits. The primary reason for the acquisition of Drysdales was to further In allocating the purchase price, the Company recorded all assets acquired and liabilities assumed at fair value. As the acquisition did not meet the definition of a business combination under FASB ASC Topic 805, Business Combinations, The Company determined the estimated fair values using Level 3 inputs after review and consideration of relevant information, including quoted market prices and estimates made by management. The inventory was valued using the comparative sales method and the customer credits were valued using the cost approach. Based on the fair value analysis of the net assets acquired and liabilities assumed, the inventory was valued at $4.2 million, and the customer credits were valued at $0.4 million. Lone Star Western & Casual LLC On April 24, 2018, Boot Barn, Inc. completed the acquisition of Lone Star Western & Casual LLC (“Lone Star”), an individually owned retail company with three stores in Waxahachie, Corsicana and Athens, Texas. As part of the transaction, Boot Barn, Inc. purchased the inventory, entered into new leases with the stores’ landlord and offered employment to the Lone Star team at all three store locations. The primary reason for the acquisition of Lone Star was to further In allocating the purchase price, the Company recorded all assets acquired and liabilities assumed at fair value. 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 of Lone Star. The excess of the purchase price over the net tangible and intangible assets was recorded as goodwill.

Intangible Assets, Net and Good

Intangible Assets, Net and Goodwill	9 Months Ended
	Dec. 28, 2019
Intangible Assets, Net and Goodwill
Intangible Assets, Net and Goodwill	4. Intangible Assets, Net and Goodwill ​ Net intangible assets as of December 28, 2019 and March 30, 2019 consisted of the following (in thousands, except for weighted average useful life): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 28, 2019 ​ ​ Gross ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Average ​ Amount Amortization Net Useful Life Customer lists ​ $ 851 ​ $ (516) ​ $ 335 3.8 Trademarks—definite lived ​ ​ 15 ​ ​ (8) ​ ​ 7 ​ 3.0 Total definite lived ​ 866 ​ (524) ​ 342 ​ ​ Trademarks—indefinite lived ​ 60,677 ​ — ​ 60,677 ​ ​ Total intangible assets ​ $ 61,543 ​ $ (524) ​ $ 61,019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 30, 2019 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Average ​ Amount Amortization Net Useful Life Customer lists ​ $ 506 ​ $ (393) ​ $ 113 3.0 Below-market leases ​ 5,011 ​ (2,967) ​ 2,044 11.5 Trademarks-definite lived ​ ​ 15 ​ ​ (4) ​ ​ 11 ​ 3.0 Total definite lived ​ 5,532 ​ (3,364) ​ 2,168 ​ ​ Trademarks—indefinite lived ​ 60,677 ​ — ​ 60,677 ​ ​ Total intangible assets ​ $ 66,209 ​ $ (3,364) ​ $ 62,845 ​ ​ ​ Amortization expense for intangible assets totaled less than $0.1 million for the thirteen weeks ended December 28, 2019 and $0.1 million for the thirteen weeks ended December 29, 2018, and is included in selling, general and administrative expenses. ​ Amortization expense for intangible assets totaled $0.1 million for the thirty-nine weeks ended December 28, 2019 and $0.5 million for the thirty-nine weeks ended December 29, 2018, and is included in selling, general and administrative expenses. ​ As of December 28, 2019, estimated future amortization of intangible assets was as follows: ​ ​ ​ ​ ​ Fiscal Year (in thousands) 2020 $ 45 2021 ​ 89 2022 ​ 72 2023 ​ 62 2024 ​ 54 Thereafter ​ 20 Total ​ $ 342 ​ The Company performs its annual goodwill impairment assessment on the first day of the fourth fiscal quarter, or more frequently if it believes that indicators of impairment exist. The Company’s goodwill balance was $197.5 million and $195.9 million as of December 28, 2019 and March 30, 2019, respectively. As of December 28, 2019, the Company had identified no indicators of impairment with respect to its goodwill and intangible asset balances. During the thirteen and thirty-nine weeks ended December 28, 2019 ​ The change in the carrying amount of goodwill is as follows (in thousands): ​ ​ ​ ​ Goodwill ​ December 28, 2019 Balance as of March 30, 2019 ​ $ 195,858 Goodwill as a result of the G.&L. Clothing Inc. Acquisition ​ ​ 1,644 Balance as of December 28, 2019 ​ $ 197,502 ​

Revolving Credit Facilities and

Revolving Credit Facilities and Long-Term Debt	9 Months Ended
	Dec. 28, 2019
Revolving Credit Facilities and Long-Term Debt
Revolving Credit Facilities and Long-Term Debt	5. 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 a previous Wells Fargo credit facility with the $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 the $200.0 million syndicated senior secured term loan for which GCI Capital Markets LLC (“2015 Golub Term Loan”) is agent. 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 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 the maturity date. On May 26, 2017, the Company entered into an amendment to the June 2015 Wells Fargo Revolver (the “2017 Wells Amendment”), increasing the aggregate revolving credit facility to $135.0 million and extending the maturity date to the earlier of May 26, 2022 or 90 days prior to the previous maturity of the 2015 Golub Term Loan, which was then scheduled to mature on June 29, 2021. On June 6, 2019, the Company entered into Amendment No. 3 to the Credit Agreement (the “2019 Wells Amendment”), further increasing the aggregate revolving credit facility to $165.0 million and extending the maturity date to the earlier of June 6, 2024 or 90 days prior to the maturity of the 2015 Golub Term Loan, which is currently scheduled to mature on June 29, 2023. The 2019 Wells Amendment further made changes to the 2015 Wells Fargo Revolver in connection with the transition away from LIBOR as the benchmark rate. The amount outstanding under the June 2015 Wells Fargo Revolver as of December 28, 2019 and March 30, 2019 was $45.0 million and zero, respectively. Total interest expense incurred in the thirteen and thirty-nine weeks ended December 28, 2019 on the June 2015 Wells Fargo Revolver was $0.9 million and $2.4 million, respectively, and the weighted average interest rate for the thirteen weeks ended December 28, 2019 was 3.2%. Total interest expense incurred in the thirteen and thirty-nine weeks ended December 29, 2018 on the June 2015 Wells Fargo Revolver was $0.4 million and $1.5 million, respectively, and the weighted average interest rate for the thirteen weeks ended December 29, 2018 was 3.6%. ​ 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, which was originally June 29, 2021 but is now June 29, 2023. Quarterly principal payments of $500,000 are due for each quarter; however, on June 2, 2017, the Company prepaid $10.0 million on the 2015 Golub Term Loan, which included all of the required quarterly principal payments until the maturity date of the loan. On May 15, 2018, the Company made an additional $10.0 million prepayment on the 2015 Golub Term Loan. On June 6, 2019, the Company entered into the Third Amendment to the 2015 Golub Term Loan (the “2019 Golub Amendment”) which extended the maturity date to June 29, 2023. At the time of the Third Amendment, the company also prepaid $65.0 million of the term loan facility, reducing the outstanding principal balance to $111.5 million. The 2019 Golub Amendment further made changes to the 2015 Golub Term Loan in connection with the transition away from LIBOR as the benchmark rate. Total interest expense incurred in the thirteen and thirty-nine weeks ended December 28, 2019 on the 2015 Golub Term Loan was $1.9 million and $6.7 million, respectively, and the weighted average interest rate for the thirteen weeks ended December 28, 2019 was 6.6%. Total interest expense incurred in the thirteen and thirty-nine weeks ended December 29, 2018 on the 2015 Golub Term Loan was $3.1 million and $9.3 million, respectively, and the weighted average interest rate for the thirteen weeks ended December 29, 2018 was 6.9%. ​ 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. On May 26, 2017, the Company entered into an amendment to the 2015 Golub Term Loan (the “2017 Golub Amendment”). The 2017 Golub Amendment changed the maximum Consolidated Total Net Leverage Ratio requirements to 4.00:1.00 as of December 29, 2018 and for all subsequent periods. The 2019 Golub Amendment maintains the same maximum Consolidated Total Net Leverage Ratio requirements. The June 2015 Wells Fargo Revolver and 2015 ​ Debt Issuance Costs and Debt Discount ​ Debt issuance costs totaling $1.2 million were incurred under the June 2015 Wells Fargo Revolver, 2017 Wells Amendment and 2019 Wells Amendment and are included as assets on the condensed consolidated balance sheets in prepaid expenses and other current assets. Total unamortized debt issuance costs were $0.4 million and $0.3 million as of December 28, 2019 and March 30, 2019, respectively. 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 $7.1 million were incurred under the 2015 Golub Term Loan, 2017 Golub Amendment and 2019 Golub Amendment and are included as a reduction of the current and non-current notes payable on the condensed consolidated balance sheets. Total unamortized debt issuance costs and debt discount were $2.7 million and $2.2 million as of December 28, 2019 and March 30, 2019, respectively. 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 28, ​ March 30, (in thousands) 2019    2019 Term Loan ​ $ 111,500   ​ $ 176,500 Unamortized value of the debt issuance costs and debt discount ​ ​ (2,668) ​ ​ (2,236) Net carrying value ​ $ 108,832 ​ $ 174,264 ​ Total amortization expense of $0.2 million and $0.3 million related to the June 2015 Wells Fargo Revolver and 2015 Golub Term Loan is included as a component of interest expense in the thirteen weeks ended December 28, 2019 and December 29, 2018, respectively. ​ Total amortization expense of $0.7 million and $0.9 million related to the June 2015 Wells Fargo Revolver and 2015 Golub Term Loan is included as a component of interest expense in the thirty-nine weeks ended December 28, 2019 and December 29, 2018, respectively. ​ Aggregate Contractual Maturities ​ Aggregate contractual maturities for the Company’s long-term debt as of December 28, 2019 are as follows: ​ ​ ​ ​ ​ Fiscal Year ​ (in thousands) 2020 $ — 2021 ​ — 2022 ​ — 2023 ​ — 2024 ​ 111,500 Total ​ $ 111,500 ​

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Dec. 28, 2019
Stock-Based Compensation
Stock-Based Compensation	6. 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 December 28, 2019, 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, which was amended as of August 24, 2016 (as amended, the “2014 Plan”). Following the approval of the 2014 Plan, no further grants have been made under the 2011 Plan. The 2014 Plan authorizes the Company to issue awards to employees, consultants and directors for up to a total of 3,600,000 shares of common stock. As of December 28, 2019, all awards granted by the Company under the 2014 Plan to date have been nonqualified stock options, restricted stock awards, restricted stock units or performance share units. Options granted under the 2014 Plan have a life of eight four one one four ​ Non-Qualified Stock Options ​ On May 20, 2019, the Company granted its Chief Executive Officer ("CEO") an option to purchase 227,273 shares of common stock under the 2014 Plan. This option contains both service and market vesting conditions. Vesting of this option is contingent upon the market price of the Company's common stock achieving three stated price targets for 30 consecutive trading days through the fourth anniversary of the date of grant. If the first market price target is met, 33% of the option granted will cliff vest on the fourth anniversary of the date of grant, with an additional 33% of the option vesting if the second market price target is met, and the last 34% of the option vesting if the final market price target is met. The total grant date fair value of this option was $2.0 million, with a grant date fair value of $8.80 per share. The Company is recognizing the expense relating to this stock option on a straight-line basis over the four-year service period. The exercise price of this award is $28.63 per share. The fair value of the option was estimated using a Monte Carlo simulation model. The following significant assumptions were used as of May 20, 2019, the date of grant: ​ ​ ​ ​ ​ ​ Stock price $ 28.63 Exercise price ​ $ 28.63 ​ Expected option term ​ 7.0 years Expected volatility ​ 35.3 % Risk-free interest rate ​ ​ 2.3 % Expected annual dividend yield ​ ​ 0 % ​ ​ During the thirteen weeks ended December 28, 2019, the Company did not ​ During the thirty-nine weeks ended December 28, 2019, the Company granted certain members of management options to purchase a total of 116,952 shares under the 2014 Plan. The total grant date fair value of stock options granted during the thirty-nine weeks ended December 28, 2019 was $1.3 million, with a grant date fair value of $11.19 per share. The Company is recognizing the expense relating to these stock options on a straight-line basis over the four-year service period of the awards. The exercise price of these awards is $28.63 per share. ​ During the thirteen weeks ended December 29, 2018, the Company did not ​ During the thirty-nine weeks ended December 29, 2018, the Company granted certain members of management options to purchase a total of 264,691 shares under the 2014 Plan. The total grant date fair value of stock options granted during the thirty-nine weeks ended December 29, 2018 was $2.4 million, with a grant date fair value ranging from $8.90 to $11.11 per share. The Company is recognizing the expense relating to these stock options on a straight-line basis over the four-year service period of the awards. The exercise price of these awards range between $23.92 and $29.73 per share. ​ The stock option awards discussed above 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 will issue shares of common stock when the options are exercised. ​ The fair values of stock options granted during the thirteen and thirty-nine weeks ended December 28, 2019 and December 29, 2018 were estimated on the grant dates using the following assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ December 28, ​ ​ December 29, ​ December 28, ​ December 29, ​ ​ ​ 2019 ​ 2018 2019 2018 Expected option term (1) ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ 6.3 - 7.0 years ​ ​ ​ ​ 5.3 years Expected volatility factor (2) ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ 35.3 % - 35.6 % ​ 36.1 % - 36.5 % Risk-free interest rate (3) ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ ​ 2.3 % ​ ​ ​ ​ 2.8 % Expected annual dividend yield ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ ​ 0 % ​ ​ ​ ​ 0 % (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. ​ 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 quarter and the weighted average exercise price of in-the-money stock options outstanding at the end of each fiscal period. ​ The following table summarizes the stock award activity for the thirty-nine weeks ended December 28, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant Date ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ Aggregate ​ ​ Stock ​ Average ​ Remaining ​ Intrinsic ​ Options Exercise Price Contractual Life Value ​ ​ ​ ​ ​ ​ ​ (in years) ​ (in thousands) Outstanding at March 30, 2019 1,293,347 ​ $ 15.40 ​ ​ ​ ​ ​ Granted 344,225 ​ $ 28.63 ​ ​ ​ ​ ​ Exercised ​ (364,536) ​ $ 12.93 ​ ​ ​ $ 8,996 Cancelled, forfeited or expired (5,401) ​ $ 27.50 ​ ​ ​ ​ ​ Outstanding at December 28, 2019 1,267,635 ​ $ 19.66 6.2 ​ $ 29,933 Vested and expected to vest after December 28, 2019 1,267,635 ​ $ 19.66 6.2 ​ $ 29,933 Exercisable at December 28, 2019 283,134 ​ $ 19.26 4.1 ​ $ 6,799 ​ A summary of the status of non-vested stock options as of December 28, 2019 including changes during the thirty-nine weeks ended December 28, 2019 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ Shares Fair Value Nonvested at March 30, 2019 917,850 ​ $ 5.48 Granted 344,225 ​ $ 9.61 Vested (275,757) ​ $ 5.45 Nonvested shares forfeited (1,817) ​ $ 7.04 Nonvested at December 28, 2019 984,501 ​ $ 6.93 ​ Restricted Stock Units ​ During the thirteen weeks ended December 28, 2019, the Company did not four first ​ During the thirteen weeks ended December 29, 2018, the Company did not four first ​ Performance Share Units ​ During the thirteen weeks ended December 28, 2019, the Company did not ​ The performance share units granted are stock-based awards in which the number of shares ultimately received depends on the Company's performance against its cumulative earnings per share target over a three-year performance period beginning March 31, 2019 and ending March 26, 2022. These performance metrics were established by the Company at the beginning of the performance period. At the end of the performance period, the number of performance shares to be issued is fixed based upon the degree of achievement of the performance goals. If the cumulative three-year performance goals are below the threshold level, the number of performance units to vest will be 0%, if the performance goals are at the threshold level, the number of performance units to vest will be 50% of the target amounts, if the performance goals are at the target level, the number of performance units to vest will be 100% of the target amounts, and if the performance goals are at the maximum level, the number of performance units to vest will be 200% of the target amounts, each subject to continued service through the last day of the performance period (subject to certain exceptions). If performance is between threshold and target goals or between target and maximum goals, the number of performance units to vest will be determined by linear interpolation. The number of shares ultimately issued can range from 0% to 200% of the participant's target award. ​ The grant date fair value of the performance share units granted during the thirty-nine weeks ended December 28, 2019 was initially measured using the Company's closing stock price on the date of grant with the resulting stock compensation expense recognized on a straight-line basis over the three-year vesting period. The expense recognized over the vesting period is adjusted up or down on a quarterly basis based on the anticipated performance level during the performance period. If the performance metrics are not probable of achievement during the performance period, stock compensation expense would be reversed. The awards are forfeited if the threshold performance goals are not achieved as of the end of the performance period. ​ During the thirteen and thirty-nine weeks ended December 29, 2018 ​ Stock-Based Compensation Expense ​ Stock-based compensation expense was $1.2 million and $0.8 million for the thirteen weeks ended December 28, 2019 and December 29, 2018, respectively. Stock-based compensation expense was $3.3 million and $2.2 million for the thirty-nine weeks ended December 28, 2019 and December 29, 2018, respectively. Stock-based compensation expense of $0.2 million and $0.1 million was recorded in cost of goods sold in the condensed consolidated statements of operations for the thirteen weeks ended December 28, 2019 and December 29, 2018, respectively. Stock-based compensation expense of $0.5 million and $0.3 million was recorded in cost of goods sold in the condensed consolidated statements of operations for the thirty-nine weeks ended December 28, 2019 and December 29, 2018, respectively. All other stock-based compensation expense is included in selling, general and administrative expenses in the condensed consolidated statements of operations. ​ As of December 28, 2019, there was $5.4 million of total unrecognized stock-based compensation expense related to unvested stock options, with a weighted-average remaining recognition period of 2.91 years. As of December 28, 2019, there was $3.6 million of total unrecognized stock-based compensation expense related to restricted stock units, with a weighted-average remaining recognition period of 2.81 years. As of December 28, 2019, there was $1.3 million of total unrecognized stock-based compensation expense related to performance share units, with a weighted-average remaining recognition period of 2.39 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 28, 2019
Commitments and Contingencies
Commitments and Contingencies	7. 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 is also subject to certain other pending or threatened litigation matters incidental to its business. In management's opinion, none of these legal matters, individually or in the aggregate, will have a material 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 condensed consolidated balance sheets as the impact is expected to be immaterial.

Leases

Leases	9 Months Ended
	Dec. 28, 2019
Leases
Leases	8. Leases ​ The Company does not own any real estate. Instead, most of its retail store locations are occupied under operating leases. The store leases generally have a base lease term of five , on average, exercisable at the Company’s option. The Company is generally responsible for the payment of property taxes and insurance, utilities and common area maintenance fees. Some leases also require additional payments based on percentage of sales. Lease terms include the non-cancellable portion of the underlying leases along with any reasonably certain lease periods associated with available renewal periods, termination options and purchase options. ​ Operating and finance lease liabilities are recognized at the lease commencement date based on the present value of the fixed lease payments using the Company's incremental borrowing rates for its population of leases. Related operating and finance lease ROU assets are recognized based on the initial present value of the fixed lease payments, reduced by cash payments received from landlords as lease incentives, plus any prepaid rent and other direct costs from executing the leases. Amortization of both operating and finance lease ROU assets is performed on a straight-line basis and recorded as part of rent expense in selling, general and administrative expenses on the condensed consolidated statements of operations. The interest expense amortization component of the finance lease liabilities is recorded within interest expense on the condensed consolidated statements of operations. ROU assets are tested for impairment in the same manner as long-lived assets. ​ Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Variable lease payments are recognized as lease expense as they are incurred. ​ ROU assets and lease liabilities as of December 28, 2019 consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance Sheet Classification ​ December 28, 2019 Assets ​ ​ ​ ​ ​ Finance lease assets ​ Right-of-use assets, net ​ $ 7,523 Operating lease assets ​ Right-of-use assets, net ​ 160,559 Total lease assets ​ ​ ​ $ 168,082 ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ Current ​ ​ ​ ​ ​ Finance ​ Short-term lease liabilities ​ $ 674 Operating ​ Short-term lease liabilities ​ ​ 33,461 Total short-term lease liabilities ​ ​ ​ $ 34,135 ​ ​ ​ ​ ​ ​ Non-Current ​ ​ ​ ​ ​ Finance ​ Long-term lease liabilities ​ $ 6,232 Operating ​ Long-term lease liabilities ​ ​ 146,558 Total long-term lease liabilities ​ ​ ​ $ 152,790 Total lease liabilities ​ ​ ​ $ 186,925 ​ Total lease costs for the thirteen and thirty-nine weeks ended December 28, 2019 were: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended (in thousands) Statement of Operations Classification December 28, 2019 ​ ​ December 28, 2019 Finance lease cost ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ Cost of goods sold ​ $ 178 ​ ​ $ 535 Interest on lease liabilities ​ Interest expense, net ​ ​ 178 ​ ​ ​ 551 Total finance lease cost ​ ​ ​ $ 356 ​ ​ $ 1,086 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost ​ Cost of goods sold ​ $ 10,116 ​ ​ $ 29,541 Operating lease cost ​ Selling, general and administrative expenses ​ ​ 422 ​ ​ ​ 1,275 Short-term lease cost ​ Selling, general and administrative expenses ​ ​ 932 ​ ​ ​ 2,092 Variable lease cost ​ Selling, general and administrative expenses ​ ​ 758 ​ ​ ​ 1,909 Sublease income ​ Cost of goods sold ​ ​ (22) ​ ​ ​ (22) Total lease cost ​ ​ ​ $ 12,562 ​ ​ $ 35,881 ​ The following table summarizes future lease payments as of December 28, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases Fiscal Year ​ (in thousands) ​ (in thousands) 2020 ​ $ 10,952 ​ $ 336 2021 ​ 44,353 ​ 1,346 2022 ​ 38,944 ​ 1,359 2023 ​ ​ 34,463 ​ ​ 1,305 2024 ​ ​ 27,912 ​ ​ 1,280 Thereafter ​ 76,569 ​ 4,261 Total ​ ​ 233,193 ​ ​ 9,887 Less: Imputed interest ​ ​ (53,174) ​ ​ (2,981) Present value of net lease payments ​ $ 180,019 ​ $ 6,906 ​ Prior to the Company’s adoption of ASC 842, its future minimum operating lease commitments as of March 30, 2019 under ASC 840 were (in thousands): ​ ​ ​ ​ ​ Fiscal Year Total 2020 ​ $ 37,877 2021 ​ 36,352 2022 ​ 31,732 2023 ​ 26,649 2024 ​ 20,536 Thereafter ​ 44,061 Total ​ $ 197,207 ​ The following table includes supplemental lease information: ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ​ Supplemental Cash Flow Information (dollars in thousands) ​ December 28, 2019 ​ Cash paid for amounts included in the measurement of lease liabilities ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 30,583 ​ Operating cash flows from finance leases ​ 551 ​ Financing cash flows from finance leases ​ ​ 461 ​ ​ ​ $ 31,595 ​ Lease liabilities arising from new right-of-use assets ​ ​ ​ ​ Operating leases ​ $ 33,646 ​ Finance leases ​ $ — ​ ​ ​ ​ ​ ​ Weighted average remaining lease term (in years) ​ ​ ​ ​ Operating leases ​ ​ 6.4 ​ Finance leases ​ ​ 10.6 ​ ​ ​ ​ ​ ​ Weighted average discount rate ​ ​ ​ ​ Operating leases ​ ​ 6.3 % Finance leases ​ ​ 10.2 % ​

Income Taxes

Income Taxes	9 Months Ended
	Dec. 28, 2019
Income Taxes
Income Taxes	9. Income Taxes ​ The Company accounts for income taxes in accordance with ASC 740, Income Taxes financial statement disclosure of tax positions taken or expected to be taken on a tax return. ASC 740 requires the Company to determine whether it is “more likely than not” that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recognized. Additionally, ASC 740 provides guidance on recognition measurement, derecognition, classification, related interest and penalties, accounting in interim periods, disclosure and transition. ​ The income tax rate was 22.1% and 24.8% for the thirteen weeks ended December 28, 2019 and December 29, 2018, respectively, and 21.3% and 14.7% for the thirty-nine weeks ended December 28, 2019 and December 29, 2018, respectively. The thirteen weeks ended December 28, 2019 include $1.1 million of tax benefit due to income tax accounting for share-based compensation compared to a lower tax benefit of less than $0.1 million for the thirteen weeks ended December 29, 2018. The thirty-nine weeks ended December 28, 2019 include $1.9 million of tax benefit due to income tax accounting for share-based compensation compared to a higher tax benefit of $3.6 million for the thirty-nine weeks ended December 29, 2018. 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 a valuation allowance is primarily required for certain state net operating losses and credits it expects to expire unused. The Company will continue to evaluate the need for a valuation allowance at each period end. ​ The Company’s policy is to accrue interest and penalties related to unrecognized tax benefits as a component of income tax expense. At December 28, 2019 and March 30, 2019, the Company had no accrued liability for penalties and interest. ​ The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. At December 28, 2019, the Company is not aware of tax examinations (current or potential) in any tax jurisdictions.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Dec. 28, 2019
Related Party Transactions
Related Party Transactions	10. Related Party Transactions ​ During the thirteen and thirty-nine weeks ended December 28, 2019 and December 29, 2018, the Company had capital expenditures with Floor & Decor Holdings, Inc., a specialty retail vendor in the flooring market. These capital expenditures amounted to $0.2 million and $0.1 million in the thirteen weeks ended December 28, 2019 and December 29, 2018, respectively. These capital expenditures amounted to $0.5 million and $0.4 million in the thirty-nine weeks ended December 28, 2019 and December 29, 2018, respectively, and were recorded as property and equipment, net on the condensed consolidated balance sheets. Certain members of the Company’s board of directors either currently serve on the board of directors or as an executive officer at Floor & Decor Holdings, Inc.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Dec. 28, 2019
Earnings Per Share
Earnings Per Share	11. Earnings Per Share ​ Earnings per share is computed under the provisions of FASB ASC Topic 260, Earnings Per Share ​ The components of basic and diluted earnings per share of common stock, in aggregate, for the thirteen and thirty-nine weeks ended December 28, 2019 and December 29, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ December 28, ​ December 29, ​ December 28, ​ December 29, (in thousands, except per share data) 2019 2018 2019 2018 Net income ​ $ 24,819 ​ $ 19,030 ​ $ 42,220 ​ $ 30,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average basic shares outstanding ​ 28,665 ​ 28,320 ​ 28,516 ​ 28,014 Dilutive effect of options and restricted stock ​ 702 ​ 566 ​ 672 ​ 761 Weighted average diluted shares outstanding ​ 29,367 ​ 28,886 ​ 29,188 ​ 28,775 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share ​ $ 0.87 ​ $ 0.67 ​ $ 1.48 ​ $ 1.08 Diluted earnings per share ​ $ 0.85 ​ $ 0.66 ​ $ 1.45 ​ $ 1.05 ​ Options to purchase zero shares and 462,024 shares of common stock were outstanding during the thirteen weeks ended December 28, 2019 and December 29, 2018, respectively, but were not included in the computation of weighted average diluted shares of common stock outstanding as the effect of doing so would have been anti-dilutive. ​ Options to purchase 377,492 shares and 462,024 shares of common stock were outstanding during the thirty-nine weeks ended December 28, 2019 and December 29, 2018, respectively, but were not included in the computation of weighted average diluted shares of common stock outstanding as the effect of doing so would have been anti-dilutive.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 28, 2019
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation ​ The Company’s condensed consolidated financial statements as of and for the thirteen and thirty-nine weeks ended December 28, 2019 and December 29, 2018 are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and include the accounts of the Company and each of its subsidiaries, consisting of Boot Barn, Inc., RCC Western Stores, Inc., Baskins Acquisition Holdings, LLC, Sheplers, Inc. and Sheplers Holding Corporation (collectively with Sheplers, Inc., “Sheplers”) and Boot Barn International (Hong Kong) Limited. All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation. The vast majority of the Company’s identifiable assets are in the United States. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements have been condensed or omitted. ​ In the opinion of management, the interim condensed consolidated financial statements reflect all adjustments that are of a normal and recurring nature necessary to fairly present the Company’s financial position and results of operations and cash flows in all material respects as of the dates and for the periods presented. The results of operations presented in the interim condensed consolidated financial statements are not necessarily indicative of the results that may be expected for the fiscal year ending March 28, 2020.
Fiscal Year	Fiscal Periods ​ The Company reports its results of operations and cash flows on a 52- or 53-week basis ending on the last Saturday of March unless April 1st is a Saturday, in which case the fiscal year ends on April 1st. In a 52-week year, each quarter includes thirteen weeks of operations; in a 53-week fiscal year, the first, second and third quarters each include thirteen weeks of operations and the fourth quarter includes fourteen weeks of operations. Both the fiscal year ending on March 28, 2020
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’s retail stores and e-commerce websites represent two operating segments. Given the similar qualitative and economic characteristics of the two operating segments, the Company’s retail stores and e-commerce websites are aggregated into one reporting segment in accordance with guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting ​
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. ​
Inventories	Inventories ​ Inventory consists primarily of purchased merchandise and is valued at the lower of cost or net realizable value. 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 at or above cost is written down to its estimated net realizable value. ​
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 ​ ● Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. ​ ● 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 the evaluation of store impairment. ​ Cash and cash equivalents, accounts receivable and accounts payable 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 approximates 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 5, “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 ​
Revenue Recognition	Revenue Recognition Revenue is recorded for store sales upon the purchase of merchandise by customers. Transfer of control takes place at the point at which the customer receives and pays for the merchandise at the register. E-commerce sales are recorded when control transfers to the customer, 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 in cost of goods sold. 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 ​ ​ ​ ​ ​ ​ ​ ​ Customer Loyalty Program ​ ​ ​ ​ ​ (in thousands) December 28, 2019 ​ December 29, 2018 Beginning balance as of March 30, 2019 and March 31, 2018, respectively $ 1,936 ​ $ 1,705 Year-to-date provisions ​ ​ 5,410 ​ ​ 4,237 Year-to-date award redemptions ​ ​ (4,795) ​ ​ (3,798) Ending balance ​ $ 2,551 ​ $ 2,144 ​ Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales returns 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 is recorded in accrued expenses and other current liabilities in the consolidated balance sheets. The Company accounts for the asset and liability separately on a gross basis. 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. Amounts remaining after escheatment are recognized in net sales in the period escheatment occurs and the liability is considered to be extinguished. 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. The following table provides a reconciliation of the activity related to the Company’s gift card program: ​ ​ ​ ​ ​ ​ ​ ​ Gift Card Program ​ ​ ​ ​ ​ (in thousands) December 28, 2019 ​ December 29, 2018 Beginning balance as of March 30, 2019 and March 31, 2018, respectively $ 8,796 ​ $ 7,857 Year-to-date issued ​ ​ 13,269 ​ ​ 11,165 Year-to-date redemptions ​ ​ (9,221) ​ ​ (7,492) Ending balance ​ $ 12,844 ​ $ 11,530 ​ Disaggregated Revenue The Company disaggregates net sales into the following major merchandise categories: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended % of Net Sales ​ December 28, 2019 ​ December 29, 2018 ​ ​ December 28, 2019 ​ December 29, 2018 Footwear ​ 48% ​ 49% ​ ​ 50% ​ 51% Apparel ​ ​ 37% ​ 37% ​ ​ 35% ​ 34% Hats, accessories and other ​ ​ 15% ​ 14% ​ ​ 15% ​ 15% Total ​ ​ 100% ​ 100% ​ ​ 100% ​ 100% ​ The Company further disaggregates net sales between stores and e-commerce: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended % of Net Sales ​ December 28, 2019 ​ December 29, 2018 ​ ​ December 28, 2019 ​ December 29, 2018 Stores ​ 82% ​ 82% ​ ​ 84% ​ 83% E-commerce ​ ​ 18% ​ 18% ​ ​ 16% ​ 17% Total ​ ​ 100% ​ 100% ​ ​ 100% ​ 100%
Recent Accounting Pronouncements	Recent Accounting Pronouncements ​ In January 2017, the FASB issued ASU No. 2017-04 , Intangibles — Goodwill and Other: Simplifying the Test for Goodwill Impairment , which simplifies the accounting for goodwill impairment by eliminating step two from the goodwill impairment test. Under this new guidance, if the carrying amount of a reporting unit exceeds its estimated fair value, an impairment charge shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The amendments in this ASU are effective prospectively for fiscal years and interim periods within those years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company plans to adopt the standard in the first quarter of fiscal 2021 and does not expect the revised standard to have a material impact on the consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 28, 2019
Schedule of disaggregated revenue	The Company disaggregates net sales into the following major merchandise categories: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended % of Net Sales ​ December 28, 2019 ​ December 29, 2018 ​ ​ December 28, 2019 ​ December 29, 2018 Footwear ​ 48% ​ 49% ​ ​ 50% ​ 51% Apparel ​ ​ 37% ​ 37% ​ ​ 35% ​ 34% Hats, accessories and other ​ ​ 15% ​ 14% ​ ​ 15% ​ 15% Total ​ ​ 100% ​ 100% ​ ​ 100% ​ 100% ​ The Company further disaggregates net sales between stores and e-commerce: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended % of Net Sales ​ December 28, 2019 ​ December 29, 2018 ​ ​ December 28, 2019 ​ December 29, 2018 Stores ​ 82% ​ 82% ​ ​ 84% ​ 83% E-commerce ​ ​ 18% ​ 18% ​ ​ 16% ​ 17% Total ​ ​ 100% ​ 100% ​ ​ 100% ​ 100%
Customer Loyalty Program
Schedule of reconciliation of the activity related to contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ Customer Loyalty Program ​ ​ ​ ​ ​ (in thousands) December 28, 2019 ​ December 29, 2018 Beginning balance as of March 30, 2019 and March 31, 2018, respectively $ 1,936 ​ $ 1,705 Year-to-date provisions ​ ​ 5,410 ​ ​ 4,237 Year-to-date award redemptions ​ ​ (4,795) ​ ​ (3,798) Ending balance ​ $ 2,551 ​ $ 2,144
Gift Card Program
Schedule of reconciliation of the activity related to contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ Gift Card Program ​ ​ ​ ​ ​ (in thousands) December 28, 2019 ​ December 29, 2018 Beginning balance as of March 30, 2019 and March 31, 2018, respectively $ 8,796 ​ $ 7,857 Year-to-date issued ​ ​ 13,269 ​ ​ 11,165 Year-to-date redemptions ​ ​ (9,221) ​ ​ (7,492) Ending balance ​ $ 12,844 ​ $ 11,530

Asset Acquisition and Busines_2

Asset Acquisition and Business Combination (Tables)	9 Months Ended
	Dec. 28, 2019
G.&L. Clothing, Inc
Asset Acquisition and Business Combination
Schedule of estimated fair values of the assets acquired and liabilities assumed	​ ​ ​ ​ (in thousands) At August 26, 2019 Assets acquired: ​ ​ ​ Inventory $ 2,361 Property & equipment, net ​ ​ 64 Customer list ​ ​ 345 Right-of-use asset, net ​ ​ 1,946 Goodwill ​ ​ 1,644 Total assets acquired ​ $ 6,360 ​ ​ ​ ​ Liabilities assumed: ​ Merchandise credits and other current liabilities ​ $ 169 Short-term lease liability ​ ​ 129 Long-term lease liability ​ ​ 2,374 Total liabilities assumed ​ ​ 2,672 Net assets acquired ​ $ 3,688

Intangible Assets, Net and Go_2

Intangible Assets, Net and Goodwill (Tables)	9 Months Ended
	Dec. 28, 2019
Intangible Assets, Net and Goodwill
Schedule of net finite-lived intangible assets	Net intangible assets as of December 28, 2019 and March 30, 2019 consisted of the following (in thousands, except for weighted average useful life): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 28, 2019 ​ ​ Gross ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Average ​ Amount Amortization Net Useful Life Customer lists ​ $ 851 ​ $ (516) ​ $ 335 3.8 Trademarks—definite lived ​ ​ 15 ​ ​ (8) ​ ​ 7 ​ 3.0 Total definite lived ​ 866 ​ (524) ​ 342 ​ ​ Trademarks—indefinite lived ​ 60,677 ​ — ​ 60,677 ​ ​ Total intangible assets ​ $ 61,543 ​ $ (524) ​ $ 61,019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 30, 2019 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Average ​ Amount Amortization Net Useful Life Customer lists ​ $ 506 ​ $ (393) ​ $ 113 3.0 Below-market leases ​ 5,011 ​ (2,967) ​ 2,044 11.5 Trademarks-definite lived ​ ​ 15 ​ ​ (4) ​ ​ 11 ​ 3.0 Total definite lived ​ 5,532 ​ (3,364) ​ 2,168 ​ ​ Trademarks—indefinite lived ​ 60,677 ​ — ​ 60,677 ​ ​ Total intangible assets ​ $ 66,209 ​ $ (3,364) ​ $ 62,845 ​ ​
Schedule of net indefinite-lived intangible assets	Net intangible assets as of December 28, 2019 and March 30, 2019 consisted of the following (in thousands, except for weighted average useful life): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 28, 2019 ​ ​ Gross ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Average ​ Amount Amortization Net Useful Life Customer lists ​ $ 851 ​ $ (516) ​ $ 335 3.8 Trademarks—definite lived ​ ​ 15 ​ ​ (8) ​ ​ 7 ​ 3.0 Total definite lived ​ 866 ​ (524) ​ 342 ​ ​ Trademarks—indefinite lived ​ 60,677 ​ — ​ 60,677 ​ ​ Total intangible assets ​ $ 61,543 ​ $ (524) ​ $ 61,019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 30, 2019 ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Average ​ Amount Amortization Net Useful Life Customer lists ​ $ 506 ​ $ (393) ​ $ 113 3.0 Below-market leases ​ 5,011 ​ (2,967) ​ 2,044 11.5 Trademarks-definite lived ​ ​ 15 ​ ​ (4) ​ ​ 11 ​ 3.0 Total definite lived ​ 5,532 ​ (3,364) ​ 2,168 ​ ​ Trademarks—indefinite lived ​ 60,677 ​ — ​ 60,677 ​ ​ Total intangible assets ​ $ 66,209 ​ $ (3,364) ​ $ 62,845 ​ ​
Schedule of estimated future amortization of intangible assets	As of December 28, 2019, estimated future amortization of intangible assets was as follows: ​ ​ ​ ​ ​ Fiscal Year (in thousands) 2020 $ 45 2021 ​ 89 2022 ​ 72 2023 ​ 62 2024 ​ 54 Thereafter ​ 20 Total ​ $ 342
Schedule of change in carrying amount of goodwill	The change in the carrying amount of goodwill is as follows (in thousands): ​ ​ ​ ​ Goodwill ​ December 28, 2019 Balance as of March 30, 2019 ​ $ 195,858 Goodwill as a result of the G.&L. Clothing Inc. Acquisition ​ ​ 1,644 Balance as of December 28, 2019 ​ $ 197,502

Revolving Credit Facilities a_2

Revolving Credit Facilities and Long-Term Debt (Tables)	9 Months Ended
	Dec. 28, 2019
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 28, ​ March 30, (in thousands) 2019    2019 Term Loan ​ $ 111,500   ​ $ 176,500 Unamortized value of the debt issuance costs and debt discount ​ ​ (2,668) ​ ​ (2,236) Net carrying value ​ $ 108,832 ​ $ 174,264 ​
Schedule of aggregate contractual maturities for the Company's long-term debt	Aggregate contractual maturities for the Company’s long-term debt as of December 28, 2019 are as follows: ​ ​ ​ ​ ​ Fiscal Year ​ (in thousands) 2020 $ — 2021 ​ — 2022 ​ — 2023 ​ — 2024 ​ 111,500 Total ​ $ 111,500

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Dec. 28, 2019
Stock-Based Compensation
Schedule of assumptions used to determine fair value of stock options	The fair values of stock options granted during the thirteen and thirty-nine weeks ended December 28, 2019 and December 29, 2018 were estimated on the grant dates using the following assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ ​ ​ December 28, ​ ​ December 29, ​ December 28, ​ December 29, ​ ​ ​ 2019 ​ 2018 2019 2018 Expected option term (1) ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ 6.3 - 7.0 years ​ ​ ​ ​ 5.3 years Expected volatility factor (2) ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ 35.3 % - 35.6 % ​ 36.1 % - 36.5 % Risk-free interest rate (3) ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ ​ 2.3 % ​ ​ ​ ​ 2.8 % Expected annual dividend yield ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ ​ 0 % ​ ​ ​ ​ 0 % (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. ​
Schedule of stock award activity	The following table summarizes the stock award activity for the thirty-nine weeks ended December 28, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant Date ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ Aggregate ​ ​ Stock ​ Average ​ Remaining ​ Intrinsic ​ Options Exercise Price Contractual Life Value ​ ​ ​ ​ ​ ​ ​ (in years) ​ (in thousands) Outstanding at March 30, 2019 1,293,347 ​ $ 15.40 ​ ​ ​ ​ ​ Granted 344,225 ​ $ 28.63 ​ ​ ​ ​ ​ Exercised ​ (364,536) ​ $ 12.93 ​ ​ ​ $ 8,996 Cancelled, forfeited or expired (5,401) ​ $ 27.50 ​ ​ ​ ​ ​ Outstanding at December 28, 2019 1,267,635 ​ $ 19.66 6.2 ​ $ 29,933 Vested and expected to vest after December 28, 2019 1,267,635 ​ $ 19.66 6.2 ​ $ 29,933 Exercisable at December 28, 2019 283,134 ​ $ 19.26 4.1 ​ $ 6,799 ​
Schedule of non-vested stock options	A summary of the status of non-vested stock options as of December 28, 2019 including changes during the thirty-nine weeks ended December 28, 2019 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ Shares Fair Value Nonvested at March 30, 2019 917,850 ​ $ 5.48 Granted 344,225 ​ $ 9.61 Vested (275,757) ​ $ 5.45 Nonvested shares forfeited (1,817) ​ $ 7.04 Nonvested at December 28, 2019 984,501 ​ $ 6.93
CEO
Stock-Based Compensation
Schedule of assumptions used to determine fair value of stock options	​ ​ ​ ​ ​ ​ Stock price $ 28.63 Exercise price ​ $ 28.63 ​ Expected option term ​ 7.0 years Expected volatility ​ 35.3 % Risk-free interest rate ​ ​ 2.3 % Expected annual dividend yield ​ ​ 0 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Dec. 28, 2019
Leases
Schedule of ROU assets and liabilities	ROU assets and lease liabilities as of December 28, 2019 consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance Sheet Classification ​ December 28, 2019 Assets ​ ​ ​ ​ ​ Finance lease assets ​ Right-of-use assets, net ​ $ 7,523 Operating lease assets ​ Right-of-use assets, net ​ 160,559 Total lease assets ​ ​ ​ $ 168,082 ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ Current ​ ​ ​ ​ ​ Finance ​ Short-term lease liabilities ​ $ 674 Operating ​ Short-term lease liabilities ​ ​ 33,461 Total short-term lease liabilities ​ ​ ​ $ 34,135 ​ ​ ​ ​ ​ ​ Non-Current ​ ​ ​ ​ ​ Finance ​ Long-term lease liabilities ​ $ 6,232 Operating ​ Long-term lease liabilities ​ ​ 146,558 Total long-term lease liabilities ​ ​ ​ $ 152,790 Total lease liabilities ​ ​ ​ $ 186,925
Schedule of total lease cost	Total lease costs for the thirteen and thirty-nine weeks ended December 28, 2019 were: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ Thirty-Nine Weeks Ended (in thousands) Statement of Operations Classification December 28, 2019 ​ ​ December 28, 2019 Finance lease cost ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ Cost of goods sold ​ $ 178 ​ ​ $ 535 Interest on lease liabilities ​ Interest expense, net ​ ​ 178 ​ ​ ​ 551 Total finance lease cost ​ ​ ​ $ 356 ​ ​ $ 1,086 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost ​ Cost of goods sold ​ $ 10,116 ​ ​ $ 29,541 Operating lease cost ​ Selling, general and administrative expenses ​ ​ 422 ​ ​ ​ 1,275 Short-term lease cost ​ Selling, general and administrative expenses ​ ​ 932 ​ ​ ​ 2,092 Variable lease cost ​ Selling, general and administrative expenses ​ ​ 758 ​ ​ ​ 1,909 Sublease income ​ Cost of goods sold ​ ​ (22) ​ ​ ​ (22) Total lease cost ​ ​ ​ $ 12,562 ​ ​ $ 35,881 ​
Schedule of future lease payments	The following table summarizes future lease payments as of December 28, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases Fiscal Year ​ (in thousands) ​ (in thousands) 2020 ​ $ 10,952 ​ $ 336 2021 ​ 44,353 ​ 1,346 2022 ​ 38,944 ​ 1,359 2023 ​ ​ 34,463 ​ ​ 1,305 2024 ​ ​ 27,912 ​ ​ 1,280 Thereafter ​ 76,569 ​ 4,261 Total ​ ​ 233,193 ​ ​ 9,887 Less: Imputed interest ​ ​ (53,174) ​ ​ (2,981) Present value of net lease payments ​ $ 180,019 ​ $ 6,906
Schedule of future minimum operating lease commitments under ASC 840	Prior to the Company’s adoption of ASC 842, its future minimum operating lease commitments as of March 30, 2019 under ASC 840 were (in thousands): ​ ​ ​ ​ ​ Fiscal Year Total 2020 ​ $ 37,877 2021 ​ 36,352 2022 ​ 31,732 2023 ​ 26,649 2024 ​ 20,536 Thereafter ​ 44,061 Total ​ $ 197,207
Schedule of supplemental lease information	The following table includes supplemental lease information: ​ ​ ​ ​ ​ ​ ​ ​ Thirty-Nine Weeks Ended ​ Supplemental Cash Flow Information (dollars in thousands) ​ December 28, 2019 ​ Cash paid for amounts included in the measurement of lease liabilities ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 30,583 ​ Operating cash flows from finance leases ​ 551 ​ Financing cash flows from finance leases ​ ​ 461 ​ ​ ​ $ 31,595 ​ Lease liabilities arising from new right-of-use assets ​ ​ ​ ​ Operating leases ​ $ 33,646 ​ Finance leases ​ $ — ​ ​ ​ ​ ​ ​ Weighted average remaining lease term (in years) ​ ​ ​ ​ Operating leases ​ ​ 6.4 ​ Finance leases ​ ​ 10.6 ​ ​ ​ ​ ​ ​ Weighted average discount rate ​ ​ ​ ​ Operating leases ​ ​ 6.3 % Finance leases ​ ​ 10.2 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Dec. 28, 2019
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 the thirteen and thirty-nine weeks ended December 28, 2019 and December 29, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-Nine Weeks Ended ​ ​ December 28, ​ December 29, ​ December 28, ​ December 29, (in thousands, except per share data) 2019 2018 2019 2018 Net income ​ $ 24,819 ​ $ 19,030 ​ $ 42,220 ​ $ 30,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average basic shares outstanding ​ 28,665 ​ 28,320 ​ 28,516 ​ 28,014 Dilutive effect of options and restricted stock ​ 702 ​ 566 ​ 672 ​ 761 Weighted average diluted shares outstanding ​ 29,367 ​ 28,886 ​ 29,188 ​ 28,775 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share ​ $ 0.87 ​ $ 0.67 ​ $ 1.48 ​ $ 1.08 Diluted earnings per share ​ $ 0.85 ​ $ 0.66 ​ $ 1.45 ​ $ 1.05

Description of the Company an_2

Description of the Company and Basis of Presentation (Details)	12 Months Ended
	Mar. 28, 2020	Mar. 30, 2019storestateshares	Dec. 28, 2019storestateVoteshares
Business Operations
Number of shares authorized		100,000,000	100,000,000
Number of shares issued		28,399,000	28,831,991
Number of shares outstanding			28,764,670
Number of votes per common share | Vote			1
Number of stores | store		240	251
Number of states in which the Company operates | state		33	33
Fiscal Year
Fiscal year period		364 days
Subsequent Event
Fiscal Year
Fiscal year period	364 days
American Worker
Business Operations
Number of stores | store			2

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) $ in Thousands	9 Months Ended
	Dec. 28, 2019USD ($)segment	Mar. 31, 2019USD ($)
Segment Reporting
Operating segments | segment	2
Reportable segments | segment	1
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
Recent Accounting Pronouncements
Right-of-use assets	160,559
Operating lease liabilities	$ 180,019
ASU No. 2016-02
Recent Accounting Pronouncements
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Right-of-use assets		$ 164,500
Operating lease liabilities		$ 179,400
ASU No. 2017-04
Recent Accounting Pronouncements
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Customer Loyalty Program (Details) - Customer Loyalty Program - USD ($) $ in Thousands	9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
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
Reserve for Returns	$ 2,551	$ 2,144
Reconciliation of Activity in Program
Beginning balance	1,936	1,705
Year-to-date provisions	5,410	4,237
Year-to-date award redemptions	(4,795)	(3,798)
Ending balance	$ 2,551	$ 2,144

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Gift Card Program (Details) - Gift Card Program - USD ($) $ in Thousands	9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Reconciliation of Activity in Program
Beginning balance	$ 8,796	$ 7,857
Year-to-date issued	13,269	11,165
Year-to-date award redemptions	(9,221)	(7,492)
Ending balance	$ 12,844	$ 11,530

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Disaggregated Revenue (Details)	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Disaggregation Of Revenue
Net sales percentage	100.00%	100.00%	100.00%	100.00%
Stores
Disaggregation Of Revenue
Net sales percentage	82.00%	82.00%	84.00%	83.00%
E-commerce
Disaggregation Of Revenue
Net sales percentage	18.00%	18.00%	16.00%	17.00%
Footwear
Disaggregation Of Revenue
Net sales percentage	48.00%	49.00%	50.00%	51.00%
Apparel
Disaggregation Of Revenue
Net sales percentage	37.00%	37.00%	35.00%	34.00%
Hats, accessories and other
Disaggregation Of Revenue
Net sales percentage	15.00%	14.00%	15.00%	15.00%

Asset Acquisition and Busines_3

Asset Acquisition and Business Combination (Details) $ in Thousands	Aug. 26, 2019USD ($)store	Jul. 03, 2018USD ($)store	Apr. 24, 2018USD ($)store	Dec. 28, 2019USD ($)store	Dec. 29, 2018USD ($)	Mar. 30, 2019USD ($)store
Asset Acquisition and Business Combination
Number of stores | store				251		240
Cash consideration paid ,net of cash acquired and other adjustments				$ 3,688	$ 4,424
Assets acquired:
Right-of-use assets, net				160,559
Goodwill				197,502		$ 195,858
Liabilities assumed:
Short-term lease liability				33,461
Long-term lease liability				$ 146,558
G.&L. Clothing, Inc
Asset Acquisition and Business Combination
Number of stores | store	1
Cash consideration paid ,net of cash acquired and other adjustments	$ 3,700
Assets acquired:
Inventory	2,361
Property and equipment, net	64
Right-of-use assets, net	1,946
Goodwill	1,644
Total assets acquired	6,360
Liabilities assumed:
Other liability - merchandise credits	169
Short-term lease liability	129
Long-term lease liability	2,374
Total liabilities assumed	2,672
Net assets acquired	3,688
G.&L. Clothing, Inc | Customer lists
Assets acquired:
Intangible	$ 345
Drysdales
Asset Acquisition and Business Combination
Number of stores | store		2
Cash consideration paid		$ 3,800
Assets acquired:
Inventory		4,200
Liabilities assumed:
Other liability - merchandise credits		$ 400
Lone Star Western & Casual LLC
Asset Acquisition and Business Combination
Number of stores | store			3
Cash consideration paid ,net of cash acquired and other adjustments			$ 4,400

Intangible Assets, Net and Go_3

Intangible Assets, Net and Goodwill (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 28, 2019USD ($)item	Dec. 29, 2018USD ($)	Dec. 28, 2019USD ($)item	Dec. 29, 2018USD ($)	Mar. 30, 2019USD ($)
Intangible assets, net
Gross Carrying Amount	$ 866		$ 866		$ 5,532
Accumulated Amortization	(524)		(524)		(3,364)
Net	342		342		2,168
Gross carrying amount	61,543		61,543		66,209
Intangible assets, net	61,019		61,019		62,845
Amortization of intangible assets		$ 100	127	$ 499
Fiscal year
2020	45		45
2021	89		89
2022	72		72
2023	62		62
2024	54		54
Thereafter	20		20
Total	342		342
Intangible Assets and Goodwill
Goodwill	$ 197,502		$ 197,502		195,858
Number of indicators of impairment for goodwill, intangible, and long-lived assets | item	0		0
Long-lived asset impairment
Impairments of long lived assets	$ 0	$ 200	$ 0	$ 455
Trademarks
Intangible assets, net
Indefinite-lived intangible assets	60,677		60,677		60,677
Maximum
Intangible assets, net
Amortization of intangible assets	100
Customer lists
Intangible assets, net
Gross Carrying Amount	851		851		506
Accumulated Amortization	(516)		(516)		(393)
Net	335		$ 335		$ 113
Weighted Average Useful Life			3 years 9 months 18 days		3 years
Below-market leases
Intangible assets, net
Gross Carrying Amount					$ 5,011
Accumulated Amortization					(2,967)
Net					$ 2,044
Weighted Average Useful Life					11 years 6 months
Trademarks
Intangible assets, net
Gross Carrying Amount	15		$ 15		$ 15
Accumulated Amortization	(8)		(8)		(4)
Net	$ 7		$ 7		$ 11
Weighted Average Useful Life			3 years		3 years

Intangible Assets, Net and Go_4

Intangible Assets, Net and Goodwill - Change in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Dec. 28, 2019USD ($)
Changes in carrying amount of goodwill
Balance at the beginning	$ 195,858
Goodwill as a result of the G.&L. Clothing Inc. Acquisition	1,644
Balance at the ending	$ 197,502

Revolving Credit Facilities a_3

Revolving Credit Facilities and Long-Term Debt - Revolving Credit Facilities and Long-Term Debt (Details)	Jun. 06, 2019USD ($)	May 15, 2018USD ($)	Jun. 02, 2017USD ($)	Jun. 29, 2015USD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Mar. 30, 2019USD ($)	May 26, 2017USD ($)
Interest expense
Revolving credit facilities and long-term debt
Amortization of deferred loan fees					$ 200,000	$ 300,000	$ 700,000	$ 900,000
Golub Term Loan
Revolving credit facilities and long-term debt
Principal amount	$ 111,500,000			$ 200,000,000
Interest expense					$ 1,900,000	$ 3,100,000	$ 6,700,000	$ 9,300,000
Weighted average interest rate (as a percent)					6.60%	6.90%	6.60%	6.90%
Periodic payment							$ 500,000
Additional interest rate required if certain triggering events come into existence (as a percent)				2.00%
Deferred loan fees				$ 7,100,000
Term loan					$ 111,500,000		111,500,000		$ 176,500,000
Unamortized value of the debt issuance costs and debt discount					(2,668,000)		(2,668,000)		(2,236,000)
Total					108,832,000		108,832,000		174,264,000
Repayments of loan	65,000,000	$ 10,000,000	$ 10,000,000
Golub Term Loan | Base rate
Revolving credit facilities and long-term debt
Basis margin (as a percent)				3.50%
Golub Term Loan | Federal funds rate
Revolving credit facilities and long-term debt
Basis margin (as a percent)				0.50%
Golub Term Loan | One-month LIBOR rate
Revolving credit facilities and long-term debt
Basis margin (as a percent)				1.00%
Golub Term Loan | LIBOR
Revolving credit facilities and long-term debt
Basis margin (as a percent)				4.50%
Golub Term Loan | Minimum | LIBOR
Revolving credit facilities and long-term debt
Interest rate (as a percent)				1.00%
Golub Term Loan | Leverage ratio as of December 2018 | Maximum
Revolving credit facilities and long-term debt
Consolidated total net leverage ratio								4
Wells Fargo Revolver
Revolving credit facilities and long-term debt
Borrowing capacity	$ 165,000,000			$ 125,000,000						$ 135,000,000
Commitment fee on unused capacity (as a percentage)				0.25%
Amount outstanding under 2015 Wells Fargo Revolver					45,000,000		45,000,000		0
Interest expense					$ 900,000	$ 400,000	$ 2,400,000	$ 1,500,000
Weighted average interest rate (as a percent)					3.20%	3.60%	3.20%	3.60%
Additional interest rate required if certain triggering events come into existence (as a percent)				2.00%
Deferred loan fees				$ 1,200,000
Unamortized value of the debt issuance costs and debt discount					$ (400,000)		$ (400,000)		$ (300,000)
Wells Fargo Revolver | Federal funds rate
Revolving credit facilities and long-term debt
Basis margin (as a percent)				0.50%
Wells Fargo Revolver | One-month LIBOR rate
Revolving credit facilities and long-term debt
Basis margin (as a percent)				1.00%
Wells Fargo Revolver | Minimum
Revolving credit facilities and long-term debt
Consolidated fixed charge coverage ratio				1
Wells Fargo Revolver | Minimum | Base rate
Revolving credit facilities and long-term debt
Basis margin (as a percent)				0.00%
Wells Fargo Revolver | Minimum | LIBOR
Revolving credit facilities and long-term debt
Basis margin (as a percent)				1.00%
Wells Fargo Revolver | Maximum | Base rate
Revolving credit facilities and long-term debt
Basis margin (as a percent)				0.25%
Wells Fargo Revolver | Maximum | LIBOR
Revolving credit facilities and long-term debt
Basis margin (as a percent)				1.25%

Revolving Credit Facilities a_4

Revolving Credit Facilities and Long-Term Debt - Aggregate Contractual Maturities (Details) - Golub Term Loan - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019
Fiscal year
2024	$ 111,500
Total	$ 111,500	$ 176,500

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions	May 20, 2019USD ($)$ / sharesshares	Dec. 28, 2019USD ($)$ / sharesshares	Dec. 29, 2018USD ($)$ / sharesshares	Dec. 28, 2019USD ($)item$ / sharesshares	Dec. 29, 2018USD ($)$ / sharesshares	Oct. 19, 2014shares	Jan. 27, 2012shares
Stock-Based Compensation
Stock-based compensation expense | $		$ 1.2	$ 0.8	$ 3.3	$ 2.2
Cost of goods sold
Stock-Based Compensation
Stock-based compensation expense | $		0.2	$ 0.1	$ 0.5	$ 0.3
Stock Options
Stock-Based Compensation
Stock options granted | shares				344,225
Unrecognized stock-based compensation expense | $		5.4		$ 5.4
Weighted-average recognition period				2 years 10 months 28 days
Restricted Stock Awards
Stock-Based Compensation
Unrecognized stock-based compensation expense | $		3.6		$ 3.6
Weighted-average recognition period				2 years 9 months 21 days
Performance share units
Stock-Based Compensation
Unrecognized stock-based compensation expense | $		$ 1.3		$ 1.3
Weighted-average recognition period				2 years 4 months 20 days
2011 Plan
Stock-Based Compensation
Shares authorized | shares							3,750,000
Expiration period				10 years
Vesting period				5 years
2014 Plan
Stock-Based Compensation
Shares authorized | shares						3,600,000
2014 Plan | CEO
Stock-Based Compensation
Stock options granted | shares	227,273
Aggregate grant date fair value | $	$ 2
Grant date fair value (in dollars per share)	$ 8.80
Vesting period				4 years
Stated market price targets for company stock | item				3
Exercise price (in dollars per share)	$ 28.63	$ 28.63		$ 28.63
2014 Plan | CEO | Tranche One
Stock-Based Compensation
Vesting percentage				33.00%
2014 Plan | CEO | Tranche Two
Stock-Based Compensation
Vesting percentage				33.00%
2014 Plan | CEO | Tranche Three
Stock-Based Compensation
Vesting percentage				34.00%
2014 Plan | Stock Options
Stock-Based Compensation
Stock options granted | shares		0	0	344,225
Grant date fair value (in dollars per share)				$ 9.61
2014 Plan | Stock Options | Minimum
Stock-Based Compensation
Expiration period				8 years
Vesting period				4 years
2014 Plan | Stock Options | Maximum
Stock-Based Compensation
Expiration period				10 years
Vesting period				5 years
2014 Plan | Stock Options | Members of management
Stock-Based Compensation
Stock options granted | shares				116,952	264,691
Aggregate grant date fair value | $				$ 1.3	$ 2.4
Grant date fair value (in dollars per share)				$ 11.19
Vesting period				4 years	4 years
Exercise price (in dollars per share)		$ 28.63		$ 28.63
2014 Plan | Stock Options | Members of management | Minimum
Stock-Based Compensation
Grant date fair value (in dollars per share)					$ 8.90
Exercise price (in dollars per share)			$ 23.92		23.92
2014 Plan | Stock Options | Members of management | Maximum
Stock-Based Compensation
Grant date fair value (in dollars per share)					11.11
Exercise price (in dollars per share)			$ 29.73		$ 29.73
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 Units
Stock-Based Compensation
Restricted stock or performance share units granted | shares		0	0	89,985	80,966
Aggregate grant date fair value | $				$ 2.6	$ 2
2014 Plan | Restricted Stock Units | Employees
Stock-Based Compensation
Vesting period			4 years	4 years	4 years
2014 Plan | Restricted Stock Units | Director
Stock-Based Compensation
Vesting period			1 year	1 year	1 year
2014 Plan | Restricted Stock Units | Tranche One
Stock-Based Compensation
Vesting period				1 year
2014 Plan | Restricted Stock Units | Tranche Two
Stock-Based Compensation
Vesting period				4 years
2014 Plan | Restricted Stock Units | Tranche Three
Stock-Based Compensation
Vesting period				5 years
2014 Plan | Performance share units
Stock-Based Compensation
Restricted stock or performance share units granted | shares		0	0	38,546	0
Grant date fair value (in dollars per share)				$ 28.63
Vesting period				3 years
2014 Plan | Performance share units | Minimum
Stock-Based Compensation
Vesting percentage				0.00%
2014 Plan | Performance share units | Maximum
Stock-Based Compensation
Vesting percentage				200.00%
2014 Plan | Performance share units | Below Threshold
Stock-Based Compensation
Vesting percentage				0.00%
2014 Plan | Performance share units | Threshold
Stock-Based Compensation
Vesting percentage				50.00%
2014 Plan | Performance share units | Target
Stock-Based Compensation
Vesting percentage				100.00%
2014 Plan | Performance share units | Maximum Level
Stock-Based Compensation
Vesting percentage				200.00%

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options and Significant Valuation Assumptions (Details) - USD ($) $ / shares in Units, $ in Thousands	May 20, 2019	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Stock Options
Assumptions used
Expected option term					5 years 3 months 18 days
Expected volatility factor, minimum				35.30%	36.10%
Expected volatility factor, maximum				35.60%	36.50%
Risk-free interest rate				2.30%	2.80%
Expected annual dividend yield				0.00%	0.00%
Stock Options
Outstanding at the beginning of period				1,293,347
Granted				344,225
Exercised				(364,536)
Canceled, forfeited or expired				(5,401)
Outstanding at the end of period		1,267,635		1,267,635
Vested and expected to vest after end of period		1,267,635		1,267,635
Exercisable at end of period		283,134		283,134
Grant Date Weighted-Average Exercise Price
Outstanding at the beginning of period				$ 15.40
Granted				28.63
Exercise price (in dollars per share)				12.93
Canceled, forfeited or expired				27.50
Outstanding at the end of period		$ 19.66		19.66
Vested and expected to vest at end of period		19.66		19.66
Exercisable at end of period		$ 19.26		$ 19.26
Weighted Average Remaining Contractual Life
Weighted average remaining contractual life, awards outstanding				6 years 2 months 12 days
Weighted average remaining contractual life, awards vested and expected to vest				6 years 2 months 12 days
Weighted average remaining contractual life, awards exercisable				4 years 1 month 6 days
Aggregate Intrinsic Value
Aggregate intrinsic value, awards exercised				$ 8,996
Aggregate intrinsic value, awards outstanding		$ 29,933		29,933
Aggregate intrinsic value, awards vested and expected to vest		29,933		29,933
Aggregate intrinsic value, awards exercisable		$ 6,799		$ 6,799
2014 Plan | Stock Options
Stock Options
Granted		0	0	344,225
Minimum | Stock Options
Assumptions used
Expected option term				6 years 3 months 18 days
Maximum | Stock Options
Assumptions used
Expected option term				7 years
CEO | 2014 Plan
Assumptions used
Stock price (in dollars per share)	$ 28.63
Exercise price (in dollars per share)	$ 28.63	$ 28.63		$ 28.63
Expected option term	7 years
Expected volatility factor	35.30%
Risk-free interest rate	2.30%
Expected annual dividend yield	0.00%
Stock Options
Granted	227,273

Stock-Based Compensation - Non-

Stock-Based Compensation - Non-vested Options (Details) - Stock Options - $ / shares	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019
Shares
Granted			344,225
2014 Plan
Shares
Nonvested at beginning of period			917,850
Granted	0	0	344,225
Vested			(275,757)
Nonvested shares forfeited			(1,817)
Nonvested at end of period	984,501		984,501
Weighted-Average Grant Date Fair Value
Nonvested at beginning of period			$ 5.48
Granted			9.61
Vested			5.45
Nonvested shares forfeited			7.04
Nonvested at end of period	$ 6.93		$ 6.93

Leases - Narrative (Details)

Leases - Narrative (Details)	9 Months Ended
	Dec. 28, 2019
Leases
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Operating lease renewal term	5 years
Minimum
Leases
Operating lease term	5 years
Maximum
Leases
Operating lease term	10 years

Leases - ROU assets and liabili

Leases - ROU assets and liabilities (Details) $ in Thousands	Dec. 28, 2019USD ($)
ROU assets and liabilities
Finance lease assets	$ 7,523
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total lease assets
Right-of-use assets	$ 160,559
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total lease assets
Total lease assets	$ 168,082
Current finance lease liabilities	$ 674
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total short-term lease liabilities
Current operating lease liabilities	$ 33,461
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total short-term lease liabilities
Total short-term lease liabilities	$ 34,135
Finance Lease, Liability, Noncurrent	$ 6,232
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total long-term lease liabilities
Operating Lease, Liability, Noncurrent	$ 146,558
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total long-term lease liabilities
Total long-term lease liabilities	$ 152,790
Total lease liabilities	$ 186,925

Leases - Lease cost (Details)

Leases - Lease cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 28, 2019	Dec. 28, 2019
Lease cost
Total finance lease cost	$ 356	$ 1,086
Total lease cost	12,562	35,881
Cost of goods sold
Lease cost
Amortization of right-of-use assets	178	535
Operating lease cost	10,116	29,541
Sublease income	(22)	(22)
Selling, general and administrative expenses
Lease cost
Operating lease cost	422	1,275
Short-term lease cost	932	2,092
Variable lease cost	758	1,909
Interest expense
Lease cost
Interest on lease liabilities	$ 178	$ 551

Leases - Future lease payments

Leases - Future lease payments (Details) $ in Thousands	Dec. 28, 2019USD ($)
Operating Leases
2020	$ 10,952
2021	44,353
2022	38,944
2023	34,463
2024	27,912
Thereafter	76,569
Total	233,193
Less: Imputed interest	(53,174)
Present value of net lease payments	180,019
Finance Leases
2020	336
2021	1,346
2022	1,359
2023	1,305
2024	1,280
Thereafter	4,261
Total	9,887
Less: Imputed interest	(2,981)
Present value of net lease payments	$ 6,906

Leases - Future Minimum Rental

Leases - Future Minimum Rental Payments Under Operating Leases and Rent Expense (Details) $ in Thousands	Mar. 30, 2019USD ($)
Operating leases, future minimum payments
2020	$ 37,877
2021	36,352
2022	31,732
2023	26,649
2024	20,536
Thereafter	44,061
Total	$ 197,207

Leases - Supplemental lease inf

Leases - Supplemental lease information (Details) $ in Thousands	9 Months Ended
	Dec. 28, 2019USD ($)
Supplemental Lease Information
Operating cash flows from operating leases	$ 30,583
Operating cash flows from finance leases	551
Financing cash flows from finance leases	461
Cash paid for amounts included in the measurement of lease liabilities	31,595
Lease liabilities arising from new right-of-use assets-Operating leases	$ 33,646
Weighted average remaining lease term-Operating leases	6 years 4 months 24 days
Weighted average remaining lease term-Finance leases	10 years 7 months 6 days
Weighted average discount rate-Operating leases	6.30%
Weighted average discount rate-Finance leases	10.20%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019
Income Taxes
Effective tax rate	22.10%	24.80%	21.30%	14.70%
Tax benefit associated with stock option exercises and the vesting of restricted stock	$ 1,100	$ 100	$ 1,900	$ 3,600
Accrued interest and penalties	$ 0		$ 0		$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Floor & Decor Holdings, Inc | Property, plant and equipment
Related Party Transactions
Capital expenditures related to specialty retail vendor	$ 0.2	$ 0.1	$ 0.5	$ 0.4

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Dec. 28, 2019	Sep. 28, 2019	Jun. 29, 2019	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Dec. 28, 2019	Dec. 29, 2018
Earnings Per Share
Net income	$ 24,819	$ 7,680	$ 9,721	$ 19,030	$ 4,534	$ 6,761	$ 42,220	$ 30,325
Weighted average basic shares outstanding	28,665,000			28,320,000			28,516,000	28,014,000
Dilutive effect of options and restricted stock	702,000			566,000			672,000	761,000
Weighted average diluted shares outstanding	29,367,000			28,886,000			29,188,000	28,775,000
Basic earnings per share	$ 0.87			$ 0.67			$ 1.48	$ 1.08
Diluted earnings per share	$ 0.85			$ 0.66			$ 1.45	$ 1.05
Shares that were not included in the computation of weighted average diluted common shares amounts	0			462,024			377,492	462,024