Academy Sports and Outdoors (ASO) S-1 25 Jan 21 IPO registration Financial data

Cover

Cover	9 Months Ended
	Oct. 31, 2020
Cover [Abstract]
Document Type	S-1
Amendment Flag	false
Entity Registrant Name	Academy Sports & Outdoors, Inc.
Entity Central Index Key	0001817358
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Oct. 31, 2020		Jun. 30, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
CURRENT ASSETS:
Cash and cash equivalents		$ 869,725		$ 1	$ 149,385	$ 43,538
Accounts receivable - less allowance for doubtful accounts of $1,286, $3,275 and $3,642, respectively		11,908			13,999	9,798
Merchandise inventories, net		1,082,907			1,099,749	1,331,969
Prepaid expenses and other current assets		25,789			24,548	26,140
Assets held for sale		1,763			1,763	1,763
Total current assets		1,992,092		1	1,289,444	1,413,208
PROPERTY AND EQUIPMENT, NET		382,620			441,407	454,406
Right-of-use assets		1,163,361			1,145,705	1,165,826
TRADE NAME		577,000			577,000	577,000
GOODWILL		861,920			861,920	861,920
OTHER NONCURRENT ASSETS		4,923			15,845	16,349
Total assets		4,981,916			4,331,321	4,488,709
CURRENT LIABILITIES:
Accounts payable		868,879			428,823	529,926
Accrued expenses and other current liabilities		274,612			211,381	219,992
Current lease liabilities		79,361			76,329	73,252
Current maturities of long-term debt		18,250			34,116	18,250
Total current liabilities		1,241,102			750,649	841,420
LONG-TERM DEBT, net		1,408,885			1,428,542	1,492,609
Long-term lease liabilities		1,171,420			1,141,896	1,163,250
DEFERRED TAX LIABILITIES, NET		132,701
Other long-term liabilities		43,244			19,197	19,529
Total liabilities		3,997,352			3,340,284	3,516,808
COMMITMENTS AND CONTINGENCIES
REDEEMABLE MEMBERSHIP UNITS					2,818	2,818	$ 17,885
STOCKHOLDERS'/PARTERS' EQUITY
Preferred stock, value	[1]	0			0	0
Partners' equity, value	[1]				996,285	976,538
Common stock, value		881	[1]	1
Additional paid-incapital	[1]	93,064
Retained earnings	[1]	895,646
Accumulated other comprehensive income (loss)	[1]	(5,027)			(8,066)	(7,455)
Stockholders'/partners' equity		984,564	[1]	$ 1
Partners' Equity					988,219	969,083	857,039
Total liabilities and partners' equity		$ 4,981,916			4,331,321	$ 4,488,709
New Academy Holding Company, LLC
CURRENT ASSETS:
Cash and cash equivalents					149,385		75,691
Accounts receivable - less allowance for doubtful accounts of $1,286, $3,275 and $3,642, respectively					13,999		15,725
Merchandise inventories, net					1,099,749		1,134,156
Prepaid expenses and other current assets					24,548		39,937
Assets held for sale					1,763		1,763
Total current assets					1,289,444		1,267,272
PROPERTY AND EQUIPMENT, NET					441,407		496,153
Right-of-use assets					1,145,705
TRADE NAME					577,000		592,067
GOODWILL					861,920		861,920
OTHER NONCURRENT ASSETS					15,845		21,545
Total assets					4,331,321		3,238,957
CURRENT LIABILITIES:
Accounts payable					428,823		432,037
Accrued expenses and other current liabilities					211,381		184,141
Current lease liabilities					76,329
Current maturities of long-term debt					34,116		68,305
Total current liabilities					750,649		684,483
LONG-TERM DEBT, net					1,428,542		1,556,755
Long-term lease liabilities					1,141,896
Other long-term liabilities					19,197		122,795
Total liabilities					3,340,284		2,364,033
COMMITMENTS AND CONTINGENCIES
REDEEMABLE MEMBERSHIP UNITS					2,818		17,885
STOCKHOLDERS'/PARTERS' EQUITY
Partners' equity, value					996,285		848,591
Retained earnings							553,282
Accumulated other comprehensive income (loss)					(8,066)		8,448
Partners' Equity					988,219		857,039
Total liabilities and partners' equity					$ 4,331,321		$ 3,238,957
[1]	See Retrospective Presentation of Ownership Exchange in Note 2.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands		Oct. 31, 2020	Jun. 30, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Allowance for doubtful accounts		$ 1,286		$ 3,275	$ 3,642
Preferred stock, par value (in dollars per share)		$ 0.01		$ 0.01	$ 0.01
Preferred stock, authorized (in shares)		50,000,000		50,000,000	50,000,000
Preferred stock, issued (in shares)		0		0	0
Preferred stock, outstanding (in shares)		0		0	0
Partners' equity membership units, authorized (in shares)				72,468,164	72,468,164
Partners' equity membership units, issued (in shares)				72,468,164	72,468,164
Partners' equity membership units, outstanding (in shares)	[1]			72,468,164	72,468,164	72,473,000
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, authorized (in shares)		300,000,000	1,000
Common stock, issued (in shares)		88,103,975	100
Common stock, outstanding (in shares)		88,103,975	100
New Academy Holding Company, LLC
Allowance for doubtful accounts				$ 3,275		$ 3,008
Partners' equity membership units, authorized (in shares)				228,274,749		228,289,163
Partners' equity membership units, issued (in shares)				228,274,749		228,289,163
Partners' equity membership units, outstanding (in shares)				228,274,749		228,289,163
[1]	See Retrospective Presentation of Ownership Exchange in Note 2.

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Net Sales		$ 1,349,076	$ 1,145,203	$ 4,091,797	$ 3,459,405
COST OF GOODS SOLD		908,565	782,781	2,856,840	2,398,783
GROSS MARGIN		440,511	362,422	1,234,957	1,060,622
Selling, general and administrative expenses		358,955	309,246	955,591	923,418
OPERATING INCOME		81,556	53,176	279,366	137,204
Interest expense, net		22,399	24,585	70,487	77,171
GAIN ON EARLY RETIREMENT OF DEBT, NET				(7,831)	(42,265)
OTHER (INCOME) EXPENSE, NET		764	(467)	(857)	(1,921)
INCOME BEFORE INCOME TAXES		58,393	29,058	217,567	104,219
INCOME TAX (BENEFIT) EXPENSE		(1,193)	506	325	1,914
NET INCOME		$ 59,586	$ 28,552	$ 217,242	$ 102,305
EARNINGS PER COMMON SHARE:
BASIC (in dollars per share)	[1]	$ 0.78	$ 0.39	$ 2.94	$ 1.41
DILUTED (in dollars per share)	[1]	$ 0.74	$ 0.38	$ 2.82	$ 1.37
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
BASIC (in shares)	[1]	76,771,000	72,484,000	73,908,000	72,480,000
DILUTED (in shares)	[1]	80,714,000	75,201,000	77,171,000	74,766,000
New Academy Holding Company, LLC
Net Sales						$ 4,829,897	$ 4,783,893	$ 4,835,582
COST OF GOODS SOLD						3,398,743	3,415,941	3,436,618
GROSS MARGIN			$ 362,422			1,431,154	1,367,952	1,398,964
Selling, general and administrative expenses			309,246			1,251,733	1,239,002	1,241,643
OPERATING INCOME			53,176			179,421	128,950	157,321
Interest expense, net			24,585			101,307	108,652	104,857
GAIN ON EARLY RETIREMENT OF DEBT, NET						(42,265)		(6,294)
OTHER (INCOME) EXPENSE, NET						(2,481)	(3,095)	(2,524)
INCOME BEFORE INCOME TAXES						122,860	23,393	61,282
INCOME TAX (BENEFIT) EXPENSE						2,817	1,951	2,781
NET INCOME			$ 28,552			$ 120,043	$ 21,442	$ 58,501
EARNINGS PER COMMON SHARE:
BASIC (in dollars per share)						$ 0.53	$ 0.09	$ 0.26
DILUTED (in dollars per share)						$ 0.51	$ 0.09	$ 0.25
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
BASIC (in shares)						228,303,750	228,160,508	227,942,148
DILUTED (in shares)						235,609,118	236,873,973	236,804,721
Unaudited pro forma Financial Information
Income before income taxes						$ 122,860
Pro forma income tax expense						32,918
Pro forma net income						$ 89,942
Pro forma earnings Earnings per share
BASIC (in dollars per share)						$ 1.08
DILUTED (in dollars per share)						$ 1.05
Pro forma weighted average shares outstanding
BASIC (in shares)						83,012,535
DILUTED (in shares)						85,331,699
[1]	See Retrospective Presentation of Ownership Exchange in Note 2

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Net income	$ 59,586	$ 28,552	$ 217,242	$ 102,305
Unrealized gain (loss) on interest rate swaps	(331)	(1,317)	(5,371)	(14,459)
Recognized interest (income) expense on interest rate swaps	2,811	146	7,578	(1,444)
Loss on swaps from debt refinancing	1,330		1,330
Tax expense	(498)		(498)
Total comprehensive income	$ 62,898	27,381	$ 220,281	$ 86,402
New Academy Holding Company, LLC
Net income		$ 28,552			$ 120,043	$ 21,442	$ 58,501
Unrealized gain (loss) on interest rate swaps					(16,096)	(2,625)	5,876
Recognized interest (income) expense on interest rate swaps					(418)	1,106	7,497
Total comprehensive income					$ 103,529	$ 19,923	$ 71,874

Consolidated Statements of Part

Consolidated Statements of Partners'/Stockholders' Equity - USD ($) $ in Thousands		Total		New Academy Holding Company, LLC	Partners' Equity		Partners' EquityNew Academy Holding Company, LLC	Partners' EquityCumulative Effect, Period of Adoption, Adjustment	Partners' EquityCumulative Effect, Period of Adoption, AdjustmentNew Academy Holding Company, LLC	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)New Academy Holding Company, LLC
Redeemable Membership Units, beginning balance (in shares) at Jan. 28, 2017				3,813,842
Redeemable Membership Units, beginning balance at Jan. 28, 2017				$ 15,231
Increase (Decrease) in Temporary Equity [Roll Forward]
Equity contributions from Managers (in shares)				200,648
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units (in shares)				8,238
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units				$ 1,200
Redeemable Membership Units, ending balance (in shares) at Feb. 03, 2018				4,022,728
Redeemable Membership Units, ending balance at Feb. 03, 2018				$ 16,431
Partners' Equity, beginning balance (in shares) at Jan. 28, 2017							224,000,107
Partners' Equity, beginning balance at Jan. 28, 2017				$ 756,262			$ 759,668							$ (3,406)
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at Jan. 28, 2017				227,813,949
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)				$ 58,501			58,501
Equity compensation				4,580			4,580
Equity contributions from Managers				1,150			1,150
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units				(1,200)			(1,200)
Option Payment adjustment due to forfeitures				21			$ 21
Unrealized loss on interest rate swaps				5,876										5,876
Recognized interest expense on interest rate swaps				7,497										7,497
Partners' Equity, ending balance (in shares) at Feb. 03, 2018							224,000,107
Partners' Equity, ending balance at Feb. 03, 2018				$ 832,687			$ 822,720							9,967
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Feb. 03, 2018				228,022,835
Increase (Decrease) in Temporary Equity [Roll Forward]
Equity contributions from Managers (in shares)				231,624
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units (in shares)				34,704
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units				$ 1,454
Redeemable Membership Units, ending balance (in shares) at Feb. 02, 2019		1,362,000	[1]	4,289,056
Redeemable Membership Units, ending balance at Feb. 02, 2019		$ 17,885		$ 17,885
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)				21,442			21,442
Equity compensation				4,633			4,633
Equity contributions from Managers				1,250			1,250
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units				(1,454)			$ (1,454)
Unrealized loss on interest rate swaps				(2,625)										(2,625)
Recognized interest expense on interest rate swaps				1,106										1,106
Partners' Equity, ending balance (in shares) at Feb. 02, 2019					71,111,000	[1]	224,000,107
Partners' Equity, ending balance at Feb. 02, 2019		$ 857,039		$ 857,039	$ 848,591		$ 848,591						$ 8,448	8,448
Partners' Equity, ending balance (Accounting Standards Update 2016-02) at Feb. 02, 2019								$ 5,075	$ 5,075
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Feb. 02, 2019		72,473,000	[1]	228,289,163
Redeemable Membership Units, ending balance (in shares) at May. 04, 2019	[1]	1,362,000
Redeemable Membership Units, ending balance at May. 04, 2019		$ 17,885
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		25,406		$ 25,406	25,406
Equity compensation		2,022			$ 2,022
Unrealized loss on interest rate swaps		(3,510)											(3,510)
Recognized interest expense on interest rate swaps		(882)											(882)
Partners' Equity, ending balance (in shares) at May. 04, 2019	[1]				71,111,000
Partners' Equity, ending balance at May. 04, 2019		$ 885,150			$ 881,094								4,056
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at May. 04, 2019	[1]	72,473,000
Redeemable Membership Units, beginning balance (in shares) at Feb. 02, 2019		1,362,000	[1]	4,289,056
Redeemable Membership Units, beginning balance at Feb. 02, 2019		$ 17,885		$ 17,885
Redeemable Membership Units, ending balance (in shares) at Nov. 02, 2019	[1]	162,000
Redeemable Membership Units, ending balance at Nov. 02, 2019		$ 2,818
Partners' Equity, beginning balance (in shares) at Feb. 02, 2019					71,111,000	[1]	224,000,107
Partners' Equity, beginning balance at Feb. 02, 2019		$ 857,039		$ 857,039	$ 848,591		$ 848,591						8,448	8,448
Partners' Equity, beginning balance (Accounting Standards Update 2016-02) at Feb. 02, 2019								5,075	5,075
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at Feb. 02, 2019		72,473,000	[1]	228,289,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		$ 102,305
Partners' Equity, ending balance (in shares) at Nov. 02, 2019	[1]				72,306,000
Partners' Equity, ending balance at Nov. 02, 2019		$ 969,083			$ 976,538								(7,455)
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Nov. 02, 2019	[1]	72,468,164
Redeemable Membership Units, beginning balance (in shares) at Feb. 02, 2019		1,362,000	[1]	4,289,056
Redeemable Membership Units, beginning balance at Feb. 02, 2019		$ 17,885		$ 17,885
Increase (Decrease) in Temporary Equity [Roll Forward]
Equity contributions from Managers (in shares)				19,231
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units (in shares)				57,363
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units				$ 400
Adjustment to Redeemable Membership Units for repurchase of units from Managers (in shares)				(91,008)
Adjustment to Redeemable Membership Units for repurchase of units from Managers				$ (538)
Effect of Reorganization Transactions and Reclassification of membership units with lapsed put rights (in shares)				(3,763,118)
Effect of Reorganization Transactions and Reclassification of membership units with lapsed put rights				$ (14,929)
Redeemable Membership Units, ending balance (in shares) at Feb. 01, 2020		162,000	[1]	511,524
Redeemable Membership Units, ending balance at Feb. 01, 2020		$ 2,818		$ 2,818
Partners' Equity, beginning balance (in shares) at Feb. 02, 2019					71,111,000	[1]	224,000,107
Partners' Equity, beginning balance at Feb. 02, 2019		$ 857,039		$ 857,039	$ 848,591		$ 848,591						8,448	8,448
Partners' Equity, beginning balance (Accounting Standards Update 2016-02) at Feb. 02, 2019								$ 5,075	$ 5,075
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at Feb. 02, 2019		72,473,000	[1]	228,289,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)				$ 120,043			120,043
Equity compensation				7,881			7,881
Equity contributions from Managers				100			100
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units				(400)			$ (400)
Adjustment to Redeemable Membership Units for repurchase of units from Managers (in shares)							91,008
Adjustment to Redeemable Membership Units for repurchase of units from Managers				$ 538			$ 538
Repurchase of Redeemable Membership Units (in shares)				(473,000)			(91,008)
Repurchase of Redeemable Membership Units				$ (473)			$ (473)
Reclassification of membership units with lapsed put rights (in shares)							3,763,118
Reclassification of membership units with lapsed put rights				14,930			$ 14,930
Unrealized loss on interest rate swaps				(16,096)										(16,096)
Recognized interest expense on interest rate swaps				(418)										(418)
Partners' Equity, ending balance (in shares) at Feb. 01, 2020					72,306,000	[1]	227,763,225
Partners' Equity, ending balance at Feb. 01, 2020		$ 988,219		$ 988,219	$ 996,285		$ 996,285						(8,066)	(8,066)
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Feb. 01, 2020		72,468,164	[1]	228,274,749
Redeemable Membership Units, beginning balance (in shares) at May. 04, 2019	[1]	1,362,000
Redeemable Membership Units, beginning balance at May. 04, 2019		$ 17,885
Increase (Decrease) in Temporary Equity [Roll Forward]
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units (in shares)	[1]	18,000
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units		$ 300
Redeemable Membership Units, ending balance (in shares) at Aug. 03, 2019	[1]	1,380,000
Redeemable Membership Units, ending balance at Aug. 03, 2019		$ 18,185
Partners' Equity, beginning balance (in shares) at May. 04, 2019	[1]				71,111,000
Partners' Equity, beginning balance at May. 04, 2019		$ 885,150			$ 881,094								4,056
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at May. 04, 2019	[1]	72,473,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		$ 48,347		$ 48,347	48,347
Equity compensation		2,445			2,445
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units		(300)			$ (300)
Unrealized loss on interest rate swaps		(9,632)											(9,632)
Recognized interest expense on interest rate swaps		(708)											(708)
Partners' Equity, ending balance (in shares) at Aug. 03, 2019	[1]				71,111,000
Partners' Equity, ending balance at Aug. 03, 2019		$ 925,302			$ 931,586								(6,284)
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Aug. 03, 2019	[1]	72,491,000
Increase (Decrease) in Temporary Equity [Roll Forward]
Equity contributions from Managers (in shares)	[1]	6,000
Equity contributions from Managers	[1]	$ 0
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units		$ 101
Adjustment to Redeemable Membership Units for repurchase of units from Managers (in shares)	[1]	(29,000)
Adjustment to Redeemable Membership Units for repurchase of units from Managers		$ (538)
Effect of Reorganization Transactions and Reclassification of membership units with lapsed put rights (in shares)	[1]	1,195,000
Effect of Reorganization Transactions and Reclassification of membership units with lapsed put rights		$ (14,930)
Redeemable Membership Units, ending balance (in shares) at Nov. 02, 2019	[1]	162,000
Redeemable Membership Units, ending balance at Nov. 02, 2019		$ 2,818
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		28,552		$ 28,552	28,552
Equity compensation		1,405			1,405
Equity contributions from Managers		100			100
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units		(100)			$ (100)
Adjustment to Redeemable Membership Units for repurchase of units from Managers (in shares)	[1]				29,000
Adjustment to Redeemable Membership Units for repurchase of units from Managers		$ 538			$ 538
Repurchase of Redeemable Membership Units (in shares)	[1]	(29,000)			(29,000)
Repurchase of Redeemable Membership Units		$ (473)			$ (473)
Reclassification of membership units with lapsed put rights (in shares)	[1]				1,195,000
Reclassification of membership units with lapsed put rights		14,930			$ 14,930
Unrealized loss on interest rate swaps		(1,317)											(1,317)
Recognized interest expense on interest rate swaps		146											146
Partners' Equity, ending balance (in shares) at Nov. 02, 2019	[1]				72,306,000
Partners' Equity, ending balance at Nov. 02, 2019		$ 969,083			$ 976,538								(7,455)
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Nov. 02, 2019	[1]	72,468,164
Redeemable Membership Units, ending balance (in shares) at Feb. 01, 2020		162,000	[1]	511,524
Redeemable Membership Units, ending balance at Feb. 01, 2020		$ 2,818		$ 2,818
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)				17,738
Partners' Equity, ending balance (in shares) at Feb. 01, 2020					72,306,000	[1]	227,763,225
Partners' Equity, ending balance at Feb. 01, 2020		$ 988,219		$ 988,219	$ 996,285		$ 996,285						(8,066)	(8,066)
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Feb. 01, 2020		72,468,164	[1]	228,274,749
Increase (Decrease) in Temporary Equity [Roll Forward]
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units (in shares)	[1]	12,000
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units		$ 200
Adjustment to Redeemable Membership Units for repurchase of units from Managers (in shares)	[1]	(2,000)
Adjustment to Redeemable Membership Units for repurchase of units from Managers		$ (41)
Redeemable Membership Units, ending balance (in shares) at May. 02, 2020	[1]	172,000
Redeemable Membership Units, ending balance at May. 02, 2020		$ 2,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		(10,020)			(10,020)
Equity compensation		2,109			2,109
Adjustment to Redeemable Membership Units for settlement of vested Restricted Units		(200)			$ (200)
Adjustment to Redeemable Membership Units for repurchase of units from Managers (in shares)	[1]				2,000
Adjustment to Redeemable Membership Units for repurchase of units from Managers		$ 41			$ 41
Repurchase of Redeemable Membership Units (in shares)	[1]	(2,000)			(2,000)
Repurchase of Redeemable Membership Units		$ (37)			$ (37)
Unrealized loss on interest rate swaps		(4,434)											(4,434)
Recognized interest expense on interest rate swaps		1,893											1,893
Partners' Equity, ending balance (in shares) at May. 02, 2020	[1]				72,306,000
Partners' Equity, ending balance at May. 02, 2020		$ 977,571			$ 988,178								(10,607)
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at May. 02, 2020	[1]	72,474,000
Redeemable Membership Units, beginning balance (in shares) at Feb. 01, 2020		162,000	[1]	511,524
Redeemable Membership Units, beginning balance at Feb. 01, 2020		$ 2,818		$ 2,818
Partners' Equity, beginning balance (in shares) at Feb. 01, 2020					72,306,000	[1]	227,763,225
Partners' Equity, beginning balance at Feb. 01, 2020		$ 988,219		$ 988,219	$ 996,285		$ 996,285						(8,066)	$ (8,066)
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at Feb. 01, 2020		72,468,164	[1]	228,274,749
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		$ 217,242
Stockholders'/partners' equity (in shares) at Oct. 31, 2020		88,104,000	[1]							88,104,000
Partners' Equity, ending balance at Oct. 31, 2020													(5,027)
Stockholders'/partners' equity at Oct. 31, 2020		$ 984,564	[1]							$ 881	$ 93,064	$ 895,646	(5,027)
Redeemable Membership Units, beginning balance (in shares) at May. 02, 2020	[1]	172,000
Redeemable Membership Units, beginning balance at May. 02, 2020		$ 2,977
Redeemable Membership Units, ending balance (in shares) at Aug. 01, 2020	[1]	172,000
Redeemable Membership Units, ending balance at Aug. 01, 2020		$ 2,977
Partners' Equity, beginning balance (in shares) at May. 02, 2020	[1]				72,306,000
Partners' Equity, beginning balance at May. 02, 2020		$ 977,571			$ 988,178								(10,607)
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at May. 02, 2020	[1]	72,474,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		$ 167,676			167,676
Equity compensation		1,581			$ 1,581
Unrealized loss on interest rate swaps		(606)											(606)
Recognized interest expense on interest rate swaps		2,874											2,874
Partners' Equity, ending balance (in shares) at Aug. 01, 2020	[1]				72,306,000
Partners' Equity, ending balance at Aug. 01, 2020		$ 1,149,096			$ 1,157,435								(8,339)
Redeemable Membership Units and Partners' Equity, ending balance (in shares) at Aug. 01, 2020	[1]	72,478,000
Increase (Decrease) in Temporary Equity [Roll Forward]
Effect of Reorganization Transactions and Reclassification of membership units with lapsed put rights (in shares)	[1]	(172,000)
Effect of Reorganization Transactions and Reclassification of membership units with lapsed put rights		$ (2,977)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)		59,586										59,586
Distributions to holders of Membership Units		(257,000)			$ (257,000)
Effect of the Reorganization Transactions (in shares)					(72,306,000)	[1]				72,478,000
Effect of the Reorganization Transactions		2,977			$ (900,435)					$ 725	66,627	836,060
Equity compensation		$ 23,359									23,359
Issuance of Common Stock in IPO, net of Offering Costs (in shares)		15,625,000	[1]							15,625,000
Issuance of common stock in IPO, net of Offering Costs		$ 184,882								$ 156	184,726
Cumulative tax effect resulting from Reorganization Transactions		(148,829)									(148,829)
Share-Based Award Payments		$ (32,819)									(32,819)
Stock option exercises		1,000	[1]							1,000
Unrealized loss on interest rate swaps		$ (278)											(278)
Recognized interest expense on interest rate swaps		2,590											2,590
Loss on swaps from debt refinancing (net of tax impact of $330)		$ 1,000											1,000
Stockholders'/partners' equity (in shares) at Oct. 31, 2020		88,104,000	[1]							88,104,000
Partners' Equity, ending balance at Oct. 31, 2020													(5,027)
Stockholders'/partners' equity at Oct. 31, 2020		$ 984,564	[1]							$ 881	$ 93,064	$ 895,646	$ (5,027)
[1]	See Retrospective Presentation of Ownership Exchange in Note 2.

Consolidated Statements of Pa_2

Consolidated Statements of Partners'/Stockholders' Equity (Parenthetical) $ in Thousands	3 Months Ended
	Oct. 31, 2020USD ($)
Statement of Stockholders' Equity [Abstract]
Unrealized loss on interest rate swaps, tax	$ 53
Recognized interest expense on interest rate swaps, tax	221
Loss on swaps from debt refinancing, tax	$ 330

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net income	$ 217,242	$ 102,305
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	79,718	88,693
Non-cash lease expense	14,870	2,471
Equity compensation	27,049	5,872
Amortization of deferred loan and other costs	2,734	2,796
Loss on swaps from debt refinancing	1,330
Deferred income taxes	(11,739)	(246)
Non-cash gain on early retirement of debt, net	(7,831)	(42,265)
Gain on disposal of property and equipment		(23)
Casualty loss	114	499
Changes in assets and liabilities:
Accounts receivable, net	2,121	8,328
Merchandise inventories, net	16,727	(197,812)
Prepaid expenses and other current assets	(1,151)	(5,134)
Other noncurrent assets	245	433
Accounts payable	439,682	99,557
Accrued expenses and other current liabilities	44,733	30,240
Income taxes payable	9,590
Other long-term liabilities	21,784	(958)
Net cash provided by operating activities	857,218	94,756
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(21,915)	(48,614)
Proceeds from the sale of property and equipment		23
Notes receivable from member	8,125	(3,988)
Net cash used in investing activities	(13,790)	(52,579)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility	500,000	401,100
Repayment of revolving credit facility	(500,000)	(356,800)
Repayment of term loan facility	(29,653)	(118,257)
Debt issuance fees	(556)
Share-Based Award Payments	(20,724)
Distribution	(257,000)
Equity contributions from Managers		100
Proceeds from issuance of common stock, net of Offering Costs	184,882
Repurchase of Redeemable Membership Units	(37)	(473)
Net cash provided by (used in) financing activities	(123,088)	(74,330)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	720,340	(32,153)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	149,385	75,691	$ 75,691
CASH AND CASH EQUIVALENTS AT END OF PERIOD	869,725	43,538	149,385	$ 75,691
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	68,759	74,818
Cash paid for income taxes	2,461	2,588
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Non-cash issuance of common stock	132
Change in capital expenditures in accounts payable and accrued liabilities	985	1,668
Right-of-use assets obtained in exchange for new operating leases	84,595	55,562
New Academy Holding Company, LLC
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net income			120,043	21,442	$ 58,501
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			117,254	132,782	133,203
Non-cash lease expense			3,965
Equity compensation			7,881	4,633	4,580
Amortization of deferred loan and other costs			3,717	4,163	4,577
Deferred income taxes			297	(494)	147
Non-cash gain on early retirement of debt, net			(42,265)		(6,294)
Gain on disposal of property and equipment			(23)	(801)	(559)
Casualty loss			569	46	159
Impairment of long-lived assets				1,408	2,477
Changes in assets and liabilities:
Accounts receivable, net			4,476	2,582	2,934
Merchandise inventories, net			34,407	89,284	(132,687)
Prepaid expenses and other current assets			(3,732)	2,187	(3,756)
Other noncurrent assets			398	274	1,590
Accounts payable			(2,904)	(70,029)	6,976
Accrued expenses and other current liabilities			20,615	(2,703)	990
Deferred rent/tenant improvement allowances				2,833	2,297
Other long-term liabilities			(1,029)	10,874	8,220
Net cash provided by operating activities			263,669	198,481	83,355
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures			(62,818)	(107,905)	(132,126)
Proceeds from insurance claims				2,593	233
Proceeds from the sale of property and equipment			23	10,429	15,992
Notes receivable from member			(3,988)	(4,144)
Net cash used in investing activities			(66,783)	(99,027)	(115,901)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility			502,500	526,812	851,400
Repayment of revolving credit facility			(502,500)	(561,812)	(816,400)
Repayment of term loan facility			(122,819)	(18,250)	(37,989)
Debt issuance fees				(2,808)
Construction allowance receipts					10,353
Distribution			(257,000)
Equity contributions from Managers			100	1,250	1,150
Repurchase of Redeemable Membership Units			(473)
Net cash provided by (used in) financing activities			(123,192)	(54,808)	8,514
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			73,694	44,646	(24,032)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	$ 149,385	$ 75,691	75,691	31,045	55,077
CASH AND CASH EQUIVALENTS AT END OF PERIOD			149,385	75,691	31,045
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest			93,556	108,208	105,661
Cash paid for income taxes			2,588	2,449	2,848
NON-CASH INVESTING AND FINANCING ACTIVITIES:
De-recognition of construction assets and liabilities, net					(6,600)
Change in capital expenditures in accounts payable and accrued liabilities			309	$ 128	$ 7,412
Right-of-use assets obtained in exchange for new operating leases			$ 57,383

Nature of Operations

Nature of Operations	Jun. 30, 2020	Oct. 31, 2020	Feb. 01, 2020
Nature of Operations	1. Organization Academy Sports and Outdoors, Inc., or the Corporation, was organized as a Delaware corporation on June 30, 2020. The Corporation’s fiscal year represents the 52 or 53 weeks ending on the Saturday closest to January 31. Pursuant to a series of reorganization transactions, it is anticipated that the Corporation will be the parent of New Academy Holding Company, LLC, a Delaware limited liability company. Following the anticipated reorganization transactions, the Corporation will continue to conduct the business now conducted by New Academy Holding Company, LLC and its subsidiaries.	1. Nature of Operations The Company All references to “we”, “us,” “our” or the “Company” in the financial statements refer to, (1) prior to October 1, 2020, New Academy Holding Company, LLC, a Delaware limited liability company (“NAHC”) and the prior parent holding company for our operations, and its consolidated subsidiaries; and (2) on and after October 1, 2020, Academy Sports and Outdoors, Inc., a Delaware corporation (“ASO, Inc.”) and the current parent holding company of our operations, and its consolidated subsidiaries. We conduct our operations primarily through our parent holding company’s indirect subsidiary, Academy, Ltd., a Texas limited partnership doing business as “Academy Sports + Outdoors”, or Academy, Ltd. Our fiscal year represents the 52 or 53 weeks ending on the Saturday closest to January 31. On August 3, 2011, an investment entity owned by investment funds and other entities affiliated with Kohlberg Kravis Roberts & Co. L.P. (collectively, “KKR”), acquired a majority interest in the Company. Upon completion of our initial public offering (the “IPO”) detailed below, affiliates of KKR held a 69.9% ownership interest in the Company (see IPO Over-Allotment Exercise in Note 15). The Company is one of the leading full-line sporting goods and outdoor recreational products retailers in the United States in terms of net sales. As of October 31, 2020, we operated 259 “Academy Sports + Outdoors” retail locations in 16 states and three distribution centers located in Katy, Texas, Twiggs County, Georgia and Cookeville, Tennessee. Our distribution centers receive, store and ship merchandise to our stores and customers. We also sell merchandise to customers across most of the United States via our academy.com Initial Public Offering and Reorganization Transactions On October 6, 2020, ASO, Inc. completed an IPO in which we issued and sold 15,625,000 shares of common stock, $0.01 par value for cash consideration of $12.22 per share (representing an initial public offering price of $13.00 per share, net of underwriting discounts) to a syndicate of underwriters led by Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as representatives, resulting in net proceeds of approximately $184.9 million after deducting underwriting discounts, which included approximately $2.7 million paid to KKR Capital Markets LLC (“KCM”), an affiliate of KKR, for underwriting services in connection with the IPO, and $6.1 million in costs directly associated with the IPO (“Offering Costs”), such as legal and accounting fees. The shares sold in the offering were registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to our registration statement on Form S-1 No. 333-248683) In connection with our IPO, we completed a series of reorganization transactions (the “Reorganization Transactions”) that resulted in: • NAHC, the previous parent holding company for the Company, being contributed to ASO, Inc. by its members and becoming a wholly-owned subsidiary of ASO, Inc., which thereupon became our parent holding company; and • one share of common stock of ASO, Inc. issued to then-existing members of NAHC for every 3.15 membership units of NAHC contributed to ASO, Inc.
New Academy Holding Company, LLC
Nature of Operations			1. Nature of Operations The Company New Academy Holding Company, LLC, a Delaware limited liability company, or Holdco and, together with its direct and indirect subsidiaries, the Company, we, us or our, is a holding company that conducts its operations through its subsidiaries, including its indirect subsidiary Academy, Ltd., a Texas limited partnership doing business as “Academy Sports + Outdoors”, or Academy, Ltd. On August 3, 2011, an investment entity owned by investment funds and other entities affiliated with Kohlberg Kravis Roberts & Co. L.P., or collectively, KKR, acquired a majority interest in the Company. The Company is one of the leading full-line sporting goods and outdoor recreational products retailers in the United States in terms of net sales. As of February 1, 2020, we operated 259 “Academy Sports + Outdoors” retail locations in 16 states and three distribution centers located in Katy, Texas, Twiggs County, Georgia and Cookeville, Tennessee. Our distribution centers receive, store and ship merchandise to our stores and customers. We also sell merchandise to customers across most of the United States via our academy.com Fiscal Year The Company’s fiscal year represents the 52 or 53 weeks ending on the Saturday closest to January 31 each year. References herein to 2019 and 2018 relate to the 52-week 53-week

Summary of Significant Accounti

Summary of Significant Accounting Policies	Jun. 30, 2020	Oct. 31, 2020	Feb. 01, 2020
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Accounting The Balance Sheet has been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. Separate statements of operations, changes in stockholders’ equity and cash flows have not been presented in the financial statements because there have been no activities in this entity or because the single transaction is fully disclosed below.	2. Summary of Significant Accounting Policies The accompanying unaudited financial statements of the Company have been prepared as though they were required to be in accordance with Rule 10-01 S-X Basis of Presentation and Principles of Consolidation These unaudited condensed consolidated financial statements include the accounts of ASO, Inc. and, its subsidiaries, ASO Co-Invest Co-Invest Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Our management bases its estimates on historical experience and other assumptions it believes to be reasonable under the circumstances. Actual results could differ significantly from those estimates. Our most significant estimates and assumptions that materially affect the financial statements involve difficult, subjective or complex judgments by management including the valuation of merchandise inventories, and performing goodwill, intangible and long-lived asset impairment analyses. Given the global economic climate and additional unforeseen effects from the COVID-19 Reclassifications Certain reclassifications have been made in the prior period consolidated financial statements to conform to the current period presentation. Within the merchandise division sales table presented in Note 3, certain products and categories were recategorized amongst various categories and divisions, respectively, to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions in the thirteen and thirty-nine weeks ended November 2, 2019 for comparability purposes. This reclassification is in divisional presentation only and did not impact the overall net sales balances previously disclosed. Retrospective Presentation of Ownership Exchange Prior to the IPO, ASO, Inc. was a wholly-owned subsidiary of NAHC. On the IPO pricing date (October 1, 2020), the then-existing members of NAHC contributed all of their membership units of NAHC to ASO, Inc. and, in exchange, received one share of common stock of ASO, Inc. for every 3.15 membership units of NAHC contributed to ASO, Inc. (such 3.15:1 contribution and exchange ratio, the “Contribution Ratio”). As a result of such contributions and exchanges, upon the IPO, NAHC became a wholly-owned subsidiary of ASO, Inc., which became our parent holding company. The par value and authorized shares of the common stock of ASO, Inc. of $0.01 and 300,000,000, respectively, remain unchanged as a result of such contributions and exchanges. All membership units and redeemable membership units in the financial statements and notes have been retrospectively adjusted to give effect to the Contribution Ratio, as if such contributions and exchanges occurred as of all pre-IPO Redeemable Membership Units Prior to October 1, 2020, Allstar Managers LLC, a Delaware limited liability company (“Managers”), owned membership units in NAHC (each, a “NAHC Membership Unit”). Managers is 100% owned by certain current and former executives and directors of the Company and was formed to facilitate the purchase of indirect contingently redeemable ownership interests in NAHC. Prior to October 1, 2020, certain executives and directors could acquire contingently redeemable membership units in Managers (the “Redeemable Membership Units”), either by (1) purchasing the Redeemable Membership Units with cash consideration, which was subsequently contributed to NAHC by Managers in exchange for a number of NAHC Membership Units equal to the number of Redeemable Membership Units purchased, or (2) by receiving the Redeemable Membership Units in settlement of vested restricted units awarded to the executive or director under the Company’s 2011 Unit Incentive Plan (see Note 10). Each outstanding Redeemable Membership Unit in Managers corresponded to an outstanding NAHC Membership Unit, on a unit-for-unit On October 1, 2020, Managers received one share of ASO, Inc. common stock in exchange for every 3.15 membership units in NAHC that Managers contributed to ASO, Inc., and the Redeemable Membership Units in Managers that were held by its owners were reduced proportionately by the Contribution Ratio, so that the outstanding number of Redeemable Membership Units in Managers equal the number of shares of ASO, Inc. common stock held by Managers on a 1:1 basis. NAHC is the sole managing member of Managers with a controlling voting interest, but no economic interest, in Managers. As the sole managing member of Managers, NAHC operates and controls all business affairs of Managers. The terms and conditions of the agreements governing the Redeemable Membership Units include provisions by which the holder, or its heirs, have the right to require Managers or NAHC to purchase the holder’s Redeemable Membership Units upon the holder’s termination of employment due to death or disability for cash at fair value. The carrying value of the Redeemable Membership Units is classified as temporary equity, initially at fair value, as redemption was an event that was not solely within our control. If redemption becomes probable, we are required to re-measure Income Taxes The Company is subject to U.S. federal, state and foreign income taxes. We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the temporary differences are expected to be realized or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize deferred tax assets to the extent we believe these assets are more-likely-than-not more-likely-than-not more-likely-than-not
New Academy Holding Company, LLC
Summary of Significant Accounting Policies			2. Summary of Significant Accounting Policies Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or GAAP, requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Our management bases its estimates on historical experience and other assumptions it believes to be reasonable under the circumstances. Actual results could differ significantly from those estimates. Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of Holdco, its wholly owned subsidiary New Academy Finance Company LLC, or Finco, and the accounts of Finco’s wholly owned subsidiaries Academy Managing Co., LLC, Associated Investors, LLC and New Academy Finance Corporation. Academy Managing Co., LLC and Associated Investors, LLC are holding companies and are the sole general partner and sole limited partner, respectively, of Academy, Ltd., the Company’s operating company. All intercompany balances and transactions have been eliminated in consolidation. Unaudited Pro Forma Financial Information In connection with the proposed initial public offering, or the IPO, of Academy Sports and Outdoors, Inc., a Delaware corporation, or an IPO issuer, we will undertake a series of reorganization transactions, or the Reorganization Transactions, that will result in, among other things, Holdco being contributed by its unitholders to the IPO issuer and becoming a wholly owned subsidiary of the IPO issuer. The unaudited pro forma financial information provided on the consolidated statements of income provides the estimated impact to net income and earnings per unit based upon the anticipated conversion of the Company to a C corporation in connection with the IPO. We are currently treated as a flow through entity for U.S. federal income tax purposes, and thus no federal income tax expense has been recorded in our consolidated statements of income. After consummation of the IPO, we will become subject to U.S. federal income taxes and additional state income taxes and be taxed at the prevailing corporate rates. The pro forma tax expense assumed in the unaudited pro forma financial information is estimated to be 24.5% plus certain state taxes we currently include in income tax expense as a flow through entity. Our actual income tax rate, and our actual income tax liability, after the IPO may be different from our assumed rate, and such difference may be material. On August 28, 2020, Holdco distributed a $257.0 million one-time special distribution (the “Distribution”) to existing unitholders of record as of August 25, 2020. U.S. Securities and Exchange Commission Staff Accounting Bulletin 1.B.3 requires that certain distributions to owners prior to or concurrent with an initial public offering be considered as distributions in contemplation of that offering. The Company is required to present unaudited basic and diluted pro forma net income per share of common stock as a result of the Distribution, which is assumed to have been made in contemplation of the proposed IPO. Unaudited basic and diluted pro forma net income per share data presented below assumed that (i) 72,477,381, basic, and 74,796,545, diluted, shares of common stock of the IPO issuer were issued and outstanding for 2019 in connection with the contribution of Holdco by its unitholders and related Reorganization Transactions and related cancellation of all outstanding partners’ equity at Holdco in connection with the IPO and (ii) an additional 10,535,154 shares of common stock of the IPO issuer were outstanding for 2019, which represents the number of shares of common stock that the Company would have been required to issue to fund the amount of the Distribution in excess of its net income for 2019. The number of shares of common stock that the Company would have been required to issue to pay the Distribution was calculated by dividing the portion of the total $257.0 million Distribution in excess of the Company’s net income for 2019 by an initial public offering price in the IPO of $13.00 per share. The table below sets forth the computation of the Company’s unaudited basic and diluted pro forma net income per share for 2019: PRO FORMA NET INCOME PER SHARE: (In thousands, except for share and per share data) Basic Diluted Pro forma net income $ 89,942 $ 89,942 Weighted average shares of common stock outstanding after giving effect to the Reorganization Transactions 72,477,381 74,796,545 Adjustment to weighted average shares of common stock outstanding related to the Distribution 10,535,154 10,535,154 Pro forma weighted average shares of common stock outstanding 83,012,535 85,331,699 Pro forma net income per share $ 1.08 $ 1.05 Reclassifications Certain reclassifications have been made in the 2018 and 2017 consolidated financial statements to conform to the current period presentation. Within the merchandise division sales table presented in Note 3, certain products and categories were recategorized amongst categories and divisions during 2019 to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions for 2018 and 2017 for comparability purposes. This reclassification is in presentation only and did not impact the overall net sales balances previously disclosed. Redeemable Membership Units Allstar Managers LLC, a Delaware limited liability company, or Managers, owns membership units in Holdco, or each a Holdco Membership Unit. Managers is 100% owned by certain current and former executives and directors of the Company and was formed to facilitate the purchase of indirect contingently redeemable ownership interests in the Company. Certain executives and directors may acquire contingently redeemable membership units in Managers, or the Redeemable Membership Units, either (1) by purchasing the Redeemable Membership Units with cash consideration, which is subsequently contributed to Holdco by Managers in exchange for a number of Holdco Membership Units equal to the number of Redeemable Membership Units purchased, or (2) by receiving the Redeemable Membership Units in settlement of vested restricted units awarded to the executive or director under the Company’s 2011 Unit Incentive Plan (see Note 11). Each outstanding Redeemable Membership Unit in Managers corresponds to an outstanding Holdco Membership Unit, on a unit-for-unit The terms and conditions of the agreements governing the Redeemable Membership Units include provisions by which the holder, or its heirs, has the right to require Managers or the Company to purchase the holder’s Redeemable Membership Units upon the holder’s termination of employment due to death or disability for cash at fair value. The carrying value of the Redeemable Membership Units is classified as temporary equity, initially at fair value, as redemption is an event that is not solely within our control. If redemption becomes probable, we are required to re-measure Cash and Cash Equivalents We consider credit and debit card transactions, which typically settle within three business days, demand deposits with banks, and all other highly liquid investments with original maturities of three months or less from the date of purchase to be cash equivalents. Financial Instruments Financial instruments are comprised of cash and cash equivalents, accounts receivable, accounts payable, certain accrued liabilities, derivatives and debt. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair values due to the short-term nature of those instruments. We enter into interest rate swaps to reduce the risk that our earnings and cash flows will be affected by changes in interest rates on our debt, and we do not hold any derivative financial instruments for trading or speculative purposes (see Note 4 and Note 5). The fair value of debt is influenced by fluctuations in market conditions for interest rates (see Note 6). Accounts Receivable Accounts receivable consists primarily of amounts due from vendors for vendor allowances and other accounts receivable. We provide an allowance for doubtful accounts based on both historical experience and a specific identification basis. Concentration of Risk Financial instruments which subject us to potential credit risk consist of cash and cash equivalents and derivative financial instruments. We have established guidelines to limit our exposure to credit risk on cash and cash equivalents by placing investments with high credit quality financial institutions. Deposits with these financial institutions may exceed the amount of insurance provided; however, these deposits typically are redeemable upon demand. We use high credit quality counterparties to transact our derivative transactions. Therefore, we believe that the financial risks associated with these financial instruments are minimal. We purchase merchandise inventories from approximately 1,300 vendors. In 2019, 2018 and 2017, purchases from our largest vendor represented approximately 14%, 13% and 14% of our total inventory purchases, respectively. No other vendor in any of the aforementioned years exceeded 10% of our purchases. We typically do not enter into long-term inventory purchase commitments and there were none as of February 1, 2020 or February 2, 2019. A significant portion of our inventory purchases are manufactured outside of the United States, primarily in Asia. While we are not dependent on any single manufacturer outside of the United States, we could be adversely affected by political, health (including pandemic), safety, security, economic, tariff, climate or other disruptions affecting the business or operations of third-party manufacturers located outside of the United States. Merchandise Inventories, net Merchandise inventories are valued at the lower of weighted average cost or net realizable value using the last-in first-out, Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and amortization. Cost includes interest capitalized on borrowings used to finance the construction of stores and other significant capital projects while under construction. Depreciation and amortization is computed using the straight-line method over the asset’s useful life, which is generally determined by asset category as follows: Leasehold improvements Lesser of asset useful life or lease term Software and computer equipment 2–5 years Other equipment 5–10 years Furniture and fixtures 7–10 years When assets are retired or sold, the cost and accumulated depreciation are removed from our accounts, and the resulting gain or loss is reflected in the consolidated statements of income. Repair and maintenance costs are charged to expense as incurred and significant improvements that substantially enhance the useful life of an asset are capitalized and amortized. In the normal course of business, we acquire land and construct new stores to be sold to and leased from third party landlords. New stores completed but not yet sold to and leased from third parties are classified as assets held for sale and are expected to be sold within one year. Our intent is to sell the stores for approximately the total land and construction costs incurred (which approximate the fair market value of the property, net of selling costs) and simultaneously enter into operating leases. Capitalized Computer Software Costs We capitalize certain costs incurred in connection with developing or obtaining computer software for internal use. Capitalized computer software costs are included in property and equipment on the consolidated balance sheets and amortized on a straight-line basis when placed into service over the estimated useful lives of the software. The amounts capitalized were $12.9 million, $13.8 million and $21.0 million in 2019, 2018 and 2017, respectively. Capitalized Interest We capitalized interest primarily related to construction of new stores, store renovations, distribution centers and IT projects in the amount of $0.6 million, $1.3 million and $1.4 million in 2019, 2018 and 2017, respectively. Interest expense, net on the consolidated statement of income is shown net of capitalized interest. Impairment of Long-Lived Assets We review the carrying value of long-lived assets, including property and equipment and finite-lived intangible assets, for indicators of impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of long-lived assets is measured by a comparison of the carrying amount of the assets to the estimated undiscounted future cash flows expected to be generated by the use of the assets. If such assets are considered to be impaired, the impairment loss recognized is the amount by which the carrying amount of the assets exceeds its estimated fair value, which is typically calculated using discounted expected future cash flows. As a result of our assessment, we did not record an impairment of long-lived store assets in 2019. In 2018 and 2017, we impaired $1.4 million and $2.5 million, respectively, of long-lived store assets. These charges are included in selling, general and administrative expenses on the consolidated statements of income (see Note 6). Goodwill Goodwill represents the excess of the purchase price of an acquired business over the amounts assigned to assets acquired and liabilities assumed in a business combination. Goodwill is tested for impairment annually at the last day of our eleventh fiscal month, or more frequently if events or circumstances indicate that the carrying value of goodwill may not be recoverable. We test for goodwill at the reporting unit level, which is the operating segment level. We operate in one segment with one reporting unit. The annual goodwill impairment test provides for the option of first performing a qualitative assessment to evaluate the existence of events and circumstances that would lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such a conclusion is reached, we would then be required to perform a quantitative impairment assessment of goodwill. However, if the qualitative assessment leads to a determination that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then no further assessments are required. Our quantitative assessment for determining the fair value of our reporting unit includes using an estimated discounted cash flow model (income approach) and market value approach. The output of this assessment is an estimated fair value for our reporting unit that is compared to its carrying value to determine whether an impairment charge is necessary. The income approach uses a discounted cash flow analysis of our projected future income, and the market value approach is based on earnings multiples for a comparable set of public companies. These approaches use key input assumptions such as our projected future operating results, the discount rate, the weighting for each valuation approach and the comparable set of companies. A history of declining trends in our operating results such as comparable sales, gross margin, net income and cash flow from operations could impact these assumptions and serve as indicators of future impairment. There is significant judgment used in determining these assumptions and variability in the assumptions could cause us to reach a different conclusion on impairment. In 2019, 2018 and 2017, we performed a quantitative assessment for the determination of impairment. Based on the results of these quantitative assessments, no impairment of goodwill existed for 2019, 2018 or 2017. Intangible Assets Intangible assets consist of the trade name of “Academy Sports + Outdoors”, or the Trade Name, and our favorable leases. The favorable leases are accounted for as finite-lived assets and are amortized over their estimated useful economic lives. With the adoption of ASU 2016-02, “ Leases (Topic 842) right-of-use The Trade Name is tested for impairment annually at the last day of our eleventh fiscal month, or whenever events or circumstances indicate that the carrying amount of the Trade Name may not be recoverable. Impairment is calculated as the excess of the Trade Name’s carrying value over its fair value. The fair value of the Trade Name is determined using the relief-from-royalty method, a variation of the income approach. This method assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to exploit the related benefits of these types of assets. Once a supportable royalty rate is determined, the rate is then applied to the projected revenues over the expected remaining life of the intangible assets to estimate the royalty savings. This approach is dependent on a number of factors, including estimates of future growth and trends, royalty rates, discount rates and other variables. The results of the 2019, 2018 and 2017 annual impairment tests indicated that the fair value of the Trade Name was in excess of its carrying value and no impairments existed. Deferred Loan Costs Costs incurred to issue debt are deferred and recorded in the consolidated balance sheets. Those costs related to the issuance of term loan facilities and senior notes are recorded in long-term debt, net of current maturities and amortized as a component of interest expense over the terms of the related debt agreement using the effective interest method. The costs related to the issuance of our revolving credit facilities are recorded in other noncurrent assets on the consolidated balance sheets and amortized as a component of interest expense over the terms of the related debt agreements using the straight-line method. Derivative Instruments We are exposed to interest rate risk, primarily related to changes in interest rates on our term loan (see Note 4) and have used interest rate swap agreements, which we have designated as “cash flow” hedges, to hedge against market risks relating to possible adverse changes in interest rates. We assess, both at the inception of the hedge and on an ongoing basis, whether derivatives used as hedging instruments are highly effective in offsetting the changes in the fair value or cash flow of the hedged items. If it is determined that a derivative is not highly effective as a hedge or ceases to be highly effective, we discontinue hedge accounting prospectively. Derivative financial instruments are recognized at fair value in the consolidated balance sheets (see Note 5 and Note 6). The changes in the fair value of derivative instruments designated as cash flow hedges are recorded in accumulated other comprehensive income, or AOCI, net of tax effects, and are subsequently reclassified to earnings when the hedged transaction affects earnings. Self-Insurance We maintain deductibles or self-insurance retentions for workers’ compensation, general liability and employee health benefits. Additionally, we use the services of an independent actuary to assist in determining losses associated with workers’ compensation, general liability and employee health benefits. Liabilities associated with these losses are actuarially derived and estimated in part by considering historical claims experience, industry factors, severity factors, claim development, as well as other actuarial assumptions. If actual trends, including the severity or frequency of claims, medical cost inflation or fluctuations in premiums, differ from our estimates, it could have a material adverse impact on our results of operations. Changes in legal claims, claim development, trends and interpretations, variability in inflation rates, changes in the nature and method of claims settlement, benefit level changes due to changes in applicable laws, insolvency of insurance carriers and changes in discount rates could all adversely affect our ultimate expected losses. We believe the actuarial valuation provides the best estimate of the ultimate expected losses, and we have recorded the present value of the actuarially determined ultimate losses for the insurance related liabilities mentioned above. Lease Incentives All of our stores, corporate office facilities, and warehouse and distribution centers are leased. We may receive reimbursement from a landlord for some or all of the cost of a construction project, which may be structured as a tenant improvement allowance, construction allowance or landlord reimbursement, or collectively, Lease Incentives. Prior to the New Lease Standard, if we were the deemed owner of the property during the construction period and the sale-leaseback criteria were met, any differences between fair value of the property and the sales price of the property, are deferred and recognized ratably as an adjustment to selling, general and administrative expenses in the consolidated statements of income over the term of the related lease. Under the New Lease Standard, the losses and gains from sale-leaseback transactions are no longer deferred, but instead recognized immediately. Upon transition to the new standard on February 3, 2019, the remaining deferred gains and losses related to our previous sale-leaseback transactions resulted in a cumulative effect adjustment to retained earnings (see Note 14). To date, the Company has not executed a sale-leaseback transaction under the New Lease Standard. Prior to the New Lease Standard, cash received from a landlord for tenant improvement allowances in store lease transactions not considered a sale-leaseback transaction were recorded in other long-term liabilities in the consolidated balance sheets and amortized as a reduction of rent expense in selling, general and administrative expenses in the consolidated statements of income over the term of the related lease. Under the New Lease Standard these receipts are a reduction to the right-of-use Net Sales We sell merchandise under implicit contracts whereby the transaction price is the listed sales price less any discounts or coupons applied. Our typical coupons offer a discount, which is applied immediately at the time of purchase. However, under certain circumstances we may issue a coupon, or similar incentive, which contains a material future right. In such instances, a portion of the revenue is deferred and subsequently recognized when earned. Revenue from merchandise sales is recognized, net of sales tax, when the Company’s performance obligation to the customer is met, which is when the Company transfers control of the merchandise to the customer. Store merchandise sales are recognized at the point of sale. For e-commerce customer receipt, and accordingly online merchandise sales are recognized upon delivery of the merchandise to the customer. The Company does not extend a material amount of credit. The sales return allowance, which is our provision for anticipated merchandise returns, is provided through a reduction of sales and cost of goods sold on a gross basis in the period that the related sales are recorded. The sales return allowance and related liability are included in merchandise inventories and in accrued expenses and other liabilities, respectively, in our consolidated balance sheets. Merchandise returns are estimated based on historical experience. Cost of Goods Sold Cost of goods sold includes the direct cost of merchandise and costs related to procurement, warehousing and distribution and the related depreciation and amortization. These costs consist primarily of payroll and benefits, occupancy costs and freight. Shipping and Handling Costs Shipping and handling costs billed to customers are included in net sales. Shipping and handling costs that we incur associated with shipping products to customers are included in cost of goods sold. Vendor Allowances Vendor allowances include volume purchase rebates, promotional and advertising allowances, cooperative advertising funds and support for new store openings. These allowances are generally determined for each fiscal year with the majority of allowances based on quantitative contract terms. Allowances related to the purchase of merchandise inventories are recorded as a reduction of cost of goods sold as the related merchandise is sold. Allowances for cooperative advertising and promotion programs and other expenses are recorded in selling, general and administrative expenses as a reduction of the related costs as the related expense is incurred. Any allowance in excess of actual costs incurred that are included in selling, general and administrative expenses, or that do not require proof of performance, are recorded as a reduction of cost of sales. For volume purchase rebates, we record an estimate of vendor allowances earned based on the latest projected purchase volumes. Selling, General and Administrative Expenses Selling, general and administrative expenses include store and corporate administrative payroll and payroll benefits, store and corporate headquarters occupancy costs, advertising, credit card processing, information technology, pre-opening Advertising Expenses Advertising costs are expensed as incurred. Advertising expenses, net of specific vendor allowances, were $142.3 million, $139.1 million and $140.8 million in 2019, 2018 and 2017, respectively. Pre-Opening Non-capital Pre-opening Deferred Rent Substantially all of our leases contain landlord incentives and escalation clauses. Where a lease contains an escalation clause calling for increased rent, or a landlord incentive such as a rent holiday, rent expense is recognized using the straight-line method over the term of the lease. With the adoption of the New Lease Standard on February 3, 2019, the deferred rent balances were netted into the right-of-use Equity Compensation We account for equity compensation in accordance with Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, topic 718, Compensation-Stock Compensation Income Taxes The Company is a flow through entity for federal income tax purposes, and thus no federal income tax expense has been recorded in the consolidated statements of income. Members of the Company are responsible for federal and state income taxes on their respective share of the Company’s profit and losses. When necessary the Company’s operating agreement requires it to make distributions, or loans under certain circumstances, to fund the tax obligations of its members. There were no distributions made 2019, 2018 and 2017. In 2019 and 2018, the Company loaned $4.0 million and $4.1 million, respectively, with notes receivable issued to a member (see Note 13). The Company is responsible for certain state and foreign income taxes and recognized expense of $2.8 million, $2.0 million and $2.8 million in 2019, 2018 and 2017, respectively. As of February 1, 2020 and February 2, 2019, the Company had no uncertain tax positions that required recognition in the consolidated financial statements. We account for deferred income taxes related to state jurisdictions using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future taxes attributable to the difference between financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets are also recognized for the future tax benefits attributable to the expected utilization of tax net operating loss carry forwards and tax credits. In the event future utilization is determined to be unlikely, a valuation allowance is provided to reduce the tax benefits from such assets. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the period in which the temporary differences and carry forwards are expected to be recovered or settled. Deferred tax assets and deferred tax liabilities are recorded in other noncurrent assets and other long-term liabilities, respectively, in our consolidated balance sheets. The effect of a change in tax rates is recognized in the period which includes the enactment date. We recognize interest and penalties as a component of income tax expense. Comprehensive Income Comprehensive income represents the net income for the period plus the results of certain changes to partners’ equity (other comprehensive income) that are not reflected in the consolidated statements of income. Other comprehensive income consists of adjustments, net of tax, related to the Company’s interest rate swaps. Operating Segment Given the similar business activities, economic characteristics, products sold, customer base and methods of procurement, as well as the similar marketing and promotional activities of our stores and our academy.com Recently Adopted Accounting Standards Leases Effective February 3, 2019, we adopted the New Lease Standard, which requires that lessees recognize assets and liabilities arising from operating leases on the balance sheet and disclose key information about leasing arrangements. We elected the practical expedient available to us under ASU 2018-11, “Leases: Targeted Improvements” right-of-use

Net Sales

Net Sales	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Net Sales	3. Net Sales Revenue from merchandise sales is recognized, net of sales tax, when the Company’s performance obligation to the customer is met, which is when the Company transfers control of the merchandise to the customer. Store merchandise sales are recognized at the point of sale and e-commerce The following table sets forth the approximate amount of sales by merchandise divisions for the periods presented (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Merchandise division sales (1) Outdoors $ 487,401 $ 364,944 $ 1,448,987 $ 1,002,138 Sports and recreation 263,506 196,592 919,699 721,665 Apparel 318,731 322,375 939,388 951,385 Footwear 272,626 255,649 762,174 769,857 Total merchandise sales (2) 1,342,264 1,139,560 4,070,248 3,445,045 Other sales (3) 6,812 5,643 21,549 14,360 Net Sales $ 1,349,076 $ 1,145,203 $ 4,091,797 $ 3,459,405 (1) Certain products and categories were recategorized amongst various categories and divisions, respectively, to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions in the thirteen and thirty-nine weeks ended November 2, 2019 for comparability purposes. This reclassification is in divisional presentation only and did not impact the overall net sales balances previously disclosed (see Note 2). (2) E-commerce (3) Other sales consisted primarily of the sales return allowance, gift card breakage income, credit card bounties and royalties, shipping income, net hunting and fishing license income and other items. We sell gift cards in stores, online and in third-party retail locations. A liability for gift cards, which is recorded in accrued expenses and other liabilities on our balance sheets is established at the time of sale and revenues are recognized as the gift cards are redeemed in stores or on our website. The following is a reconciliation of the gift card liability (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Gift card liability, beginning balance $ 55,410 $ 50,631 $ 67,993 $ 66,153 Issued 14,910 19,382 47,524 63,883 Redeemed (17,861 ) (21,773 ) (61,574 ) (80,006 ) Recognized as breakage income (370 ) (585 ) (1,854 ) (2,375 ) Gift card liability, ending balance $ 52,089 $ 47,655 $ 52,089 $ 47,655
New Academy Holding Company, LLC
Net Sales		3. Net Sales The following table sets forth the approximate amount of sales by merchandise divisions for the periods presented (amounts in thousands): Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Merchandise division sales (1) Outdoors $ 1,522,985 $ 1,544,021 $ 1,583,183 Sports and recreation 859,868 900,347 939,464 Apparel 1,405,258 1,321,035 1,311,054 Footwear 1,021,603 997,692 986,887 Total merchandise sales (2) 4,809,714 4,763,095 4,820,588 Other sales (3) 20,183 20,798 14,994 Net sales $ 4,829,897 $ 4,783,893 $ 4,835,582 (1) Certain products and categories were recategorized amongst categories and divisions during 2019 in order to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions for 2018 and 2017 for comparability purposes. This reclassification is in presentation only and did not impact the overall net sales balances previously disclosed (see Note 2). (2) E-commerce (3) Other sales consists primarily of the sales return allowance, gift card breakage income, credit card bounties and royalties, shipping income, net hunting and fishing license income and other items. We sell gift cards in stores, online and in third-party retail locations. The gift cards we sell have no expiration dates. We establish a liability for gift cards, which is recorded in accrued expenses and other liabilities on our consolidated balance sheets, at the time of sale and recognize revenues as the gift cards are redeemed. Based on historical gift card redemption patterns, we can reasonably estimate the amount of gift cards that have a remote likelihood of redemption. These identified amounts are recorded as net sales and recognized in proportion to historical redemption trends, which is referred to as “breakage.” The following is a reconciliation of the gift card liability (amounts in thousands): Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Gift card liability, beginning balance $ 66,153 $ 59,724 $ 51,493 Issued 134,839 153,429 147,004 Redeemed (128,638 ) (142,742 ) (134,580 ) Recognized as breakage income (4,361 ) (4,258 ) (4,193 ) Gift card liability, ending balance $ 67,993 $ 66,153 $ 59,724

Long-Term Debt

Long-Term Debt	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Long-Term Debt	4. Long-Term Debt Our debt consisted of the following (amounts in thousands) as of: October 31, 2020 February 1, 2020 November 2, 2019 Senior Secured Asset-Based Revolving Credit Facility $ — $ — $ 44,300 Senior Secured Term Loan Facility, due July 2022 net of discount of $1.8 million, $2.6 million and $2.9 million, respectively 1,429,667 1,466,402 1,470,695 Total debt 1,429,667 1,466,402 1,514,995 Less current maturities (18,250 ) (34,116 ) (18,250 ) Less deferred loan costs (1) (2,532 ) (3,744 ) (4,136 ) Total long-term debt $ 1,408,885 $ 1,428,542 $ 1,492,609 (1) These costs are related to the 2015 Term Loan Facility. On November 6, 2020, the Company refinanced its long-term debt (see Note 15). 2015 Term Loan Facility. one-month During the thirty-nine weeks ended October 31, 2020 and November 2, 2019, we repurchased a portion of our principal on the 2015 Term Loan Facility, which was trading at a discount, in open market transactions. The following table provides further detail regarding these repurchases (amounts in millions): Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 Gross principal repurchased $ 23.9 $ 147.7 Reacquisition price of debt $ 16.0 $ 104.6 Net gain recognized $ 7.8 $ 42.3 2018 ABL Facility . The 2018 ABL Facility is used to provide financing for working capital and other general corporate purposes, as well as to support certain letters of credit requirements, and availability is subject to customary borrowing base and availability provisions. During the normal course of business, we periodically utilize letters of credit primarily for the purchase of import goods and in support of insurance contracts. As of October 31, 2020, we had outstanding letters of credit of approximately $30.8 million, of which $21.1 million were issued under the 2018 ABL Facility, and we had no borrowings outstanding under the 2018 ABL Facility, leaving the available borrowing capacity under the 2018 ABL Facility of $844.7 million. Borrowings under the 2018 ABL Facility bear interest, at our election, at either (1) LIBOR plus a margin of 1.25% to 1.75%, or (2) a base rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) JPMorgan Chase Bank, N.A.’s “prime rate”, or (c) the one-month Covenants . Capitalized Interest.
New Academy Holding Company, LLC
Long-Term Debt		4. Long-Term Debt Our debt consisted of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Senior Secured Asset-Based Revolving Credit Facility $ — $ — Senior Secured Term Loan Facility, due July 2022 net of discount of $2.6 million and $4.0 million, respectively 1,466,402 1,630,890 Total debt 1,466,402 1,630,890 Less current maturities (34,116 ) (68,305 ) Less deferred loan costs (1) (3,744 ) (5,830 ) Total long-term debt $ 1,428,542 $ 1,556,755 (1) These costs are related to the 2015 Term Loan Facility (as defined below). As of February 1, 2020 and February 2, 2019, the balance in deferred loan costs related to the Amended ABL Facility (as defined below) was approximately $3.4 million and $4.5 million, respectively, and was included in other noncurrent assets on our consolidated balance sheets. Total amortization of deferred loan costs was $2.6 million, $3.0 million and $3.2 million in 2019, 2018 and 2017, respectively. On July 2, 2015, Academy, Ltd. entered into a seven-year $1.8 billion senior secured term loan facility, or the 2015 Term Loan Facility, with Morgan Stanley Senior Funding, Inc., as the administrative and collateral agent, and other lenders, and a five-year $650 million secured asset-based revolving credit facility, or the 2015 ABL Facility, with JPMorgan Chase Bank, N.A., as administrative agent, and other lenders. Academy, Ltd. received proceeds from the 2015 Term Loan Facility of $1.8 billion, which was net of discount of $9.1 million. On May 22, 2018, the Company amended the agreement governing the 2015 ABL Facility, or as amended, the Amended ABL Facility, to increase the commitment on the facility from $650 million to $1 billion. The operative terms, conditions, covenants and pricing of the Amended ABL Facility remain the same in all material respects to the 2015 ABL Facility and/or have been sized in approximate proportion to the relative increase in the facility where such operative terms are based upon the commitment level on the facility. The Amended ABL Facility matures on May 22, 2023, subject to a springing maturity clause which is triggered 91 days before the July 2, 2022 maturity of the 2015 Term Loan Facility should it not be paid off or extended at least 91 days beyond the May 22, 2023 maturity date of the Amended ABL Facility. In connection with the Amended ABL Facility, the Company capitalized related professional fees of $2.8 million as deferred loan costs and wrote off $0.1 million in previously capitalized deferred loan costs. Academy, Ltd. has the option to increase the commitments under the Amended ABL Facility by $250 million, subject to the satisfaction of certain conditions under the agreement. 2015 Term Loan Facility. one-month In 2019 and 2017, we repurchased principal on our 2015 Term Loan Facility, which was trading at a discount. The following table provides further detail regarding these repurchases (amounts in millions): Fiscal Year Ended February 1, 2020 February 3, 2018 Gross principal repurchased $ 147.7 $ 26.2 Reacquisition price of debt $ 104.6 $ 19.7 Net gain recognized $ 42.3 $ 6.3 Amended ABL Facility. Borrowings under the Amended ABL Facility bear interest, at our election, at either of (1) LIBOR plus a margin of 1.25% to 1.75%, or (2) a base rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) JPMorgan Chase Bank, N.A.’s “prime rate”, or (c) the one-month Liens and guarantees. • a second-priority security interest in the ABL Collateral; • a first-priority security interest in, and mortgages on, substantially all present and after acquired tangible and intangible assets of Academy, Ltd.; and • a first-priority pledge of 100% of the capital stock of Academy, Ltd.’s domestic subsidiaries and 66% of the voting capital stock of each of Academy, Ltd.’s foreign subsidiaries, if any, that are directly owned by Academy, Ltd. or a future U.S. guarantor, if any. The Amended ABL Facility and the 2015 Term Loan Facility are each guaranteed by Holdco and all of its subsidiaries except for Academy International Limited, a Hong Kong limited liability company and subsidiary of Academy, Ltd. Covenants. As of February 1, 2020, scheduled principal payments on our debt are as follows (amounts in thousands): Fiscal Year 2020 $ 34,116 2021 18,250 2022 1,416,627 Total $ 1,468,993

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Derivative Financial Instruments	5. Derivative Financial Instruments We use interest rate swap agreements to hedge market risk relating to possible adverse changes in interest rates. All interest rate swaps had been designated as cash flow hedges of variable rate interest payments on borrowings under the 2015 Term Loan Facility. On October 28, 2020, we determined that a portion of the underlying cash flows related to $100.0 million of swap notional principal amount was no longer probable of occurring over the remaining term of the interest rate swaps as a result of the Company’s planned refinancing transactions (see Note 15). As a result, we reclassified approximately $1.3 million of losses from accumulated other comprehensive loss (“AOCI”) to other (income) expense, net in our statements of income for the thirteen and thirty-nine weeks ended October 31, 2020 related to the portion of the forecasted transaction no longer considered probable of occurring. We also de-designated de-designated de-designated de-designated mark-to-market A summary of our interest rate swaps is as follows (dollar amounts in thousands): Notional Amount Fixed Rate Effective Date Termination Date $ 250,000 (1) 2.21 % September 7, 2016 September 3, 2021 $ 250,000 1.54 % November 1, 2016 November 1, 2021 $ 400,000 2.54 % March 1, 2018 March 1, 2021 (1) The initial $600,000 notional amount of the swap amortizes to $525,000, $430,000, $320,000 and $250,000 on September 3, 2017, 2018, 2019 and 2020, respectively. The fair value of these interest rate swaps is as follows (amounts in thousands) as of: October 31, 2020 February 1, 2020 November 2, 2019 Derivatives designated as hedging instruments Assets Amounts included in other current assets $ — $ — $ 190 Liabilities Amounts included in accrued expenses and other current liabilities 1,198 6,130 5,184 Amounts included in other long-term liabilities 136 1,976 2,501 Total derivatives designated as hedging instruments net liability $ (1,334 ) $ (8,106 ) $ (7,495 ) Derivatives not designated as hedging instruments Liabilities Amounts included in accrued expenses and other current liabilities $ 4,548 $ — $ — Total derivatives not designated as hedging instruments (4,548 ) — — Total derivatives net liability $ (5,882 ) $ (8,106 ) $ (7,495 ) For derivatives designated as hedging instruments, amounts included in AOCI are reclassified to interest expense in the same period during which the hedged transaction affects earnings, which is as interest expense is recorded on the underlying 2015 Term Loan Facility. As of October 31, 2020, we estimate that approximately $4.6 million of the balance in AOCI will be reclassified as an increase in interest expense during the next 12 months. The impact of gains and losses related to interest rate swaps that are deferred into AOCI and subsequently reclassified into interest expense or other (income) expense, net is as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Accumulated Other Comprehensive Income (Loss), beginning $ (8,339 ) $ (6,284 ) $ (8,066 ) $ 8,448 Loss deferred into AOCI (net of tax impact of $53) (278 ) (1,317 ) (5,318 ) (14,459 ) Increase (decrease) to interest expense (net of tax impact of $221) 2,590 146 7,357 (1,444 ) Loss on swaps from debt refinancing in other (income) expense, net (net of tax impact of $330) 1,000 — 1,000 — Accumulated Other Comprehensive Income (Loss), ending $ (5,027 ) $ (7,455 ) $ (5,027 ) $ (7,455 )
New Academy Holding Company, LLC
Derivative Financial Instruments		5. Derivative Financial Instruments We use interest rate swap agreements to hedge market risk relating to possible adverse changes in interest rates. A summary of our interest rate swaps is as follows (dollar amounts in thousands): Notional Amount Fixed Rate Effective Date Termination Date $320,000 (1) 2.21% September 7, 2016 September 3, 2021 $250,000 1.54% November 1, 2016 November 1, 2021 $400,000 2.54% March 1, 2018 March 1, 2021 (1) The initial $600,000 notional amount of the swap amortizes to $525,000, $430,000, $320,000 and $250,000 on September 3 of 2017, 2018, 2019 and 2020, respectively. The fair value of the interest rate swaps is as follows (amounts in thousands) as of: February 1, 2020 February 2, 2019 Assets Amounts included in other current assets $ — $ 3,386 Amounts included in other noncurrent assets — 5,355 Liabilities Amounts included in accrued expenses and other current liabilities 6,130 75 Amounts included in other long-term liabilities 1,976 258 Total swap net assets (liabilities) $ (8,106 ) $ 8,408 Amounts included in AOCI are reclassified to interest expense in the same period during which the hedged transaction affects earnings, which is as interest expense is recorded on the underlying 2015 Term Loan Facility. As of February 1, 2020, we estimate that approximately $6.7 million of the balance in AOCI will be reclassified as an increase in interest expense during the next 12 months. The impact of gains and losses related to interest rate swaps that are deferred into AOCI and subsequently reclassified into interest expense is as follows (amounts in thousands): Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Gain (loss) deferred into AOCI $ (16,096 ) $ (2,625 ) $ 5,876 Increase (decrease) to interest expense $ (418 ) $ 1,106 $ 7,497

Fair Value Measurements

Fair Value Measurements	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Fair Value Measurements	6. Fair Value Measurements Fair value is defined as an exit price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Authoritative guidance establishes a three-level hierarchy for disclosure that is based on the extent and level of judgment used to estimate the fair value of the assets and liabilities. The fair value measurements are classified as either: • Level 1 which represents valuations based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 which represents valuations based on quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and • Level 3 which represents valuations based on prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy in which the fair value measurement is classified in its entirety, is based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. There were no transfers made into or out of the Level 1, 2 or 3 categories during any period presented. The following table provides the fair value hierarchy for our derivative financial instruments (amounts in thousands) as of: Fair Value Hierarchy October 31, 2020 February 1, 2020 November 2, 2019 Assets Interest rate swap Level 2 $ — $ — $ 190 Liabilities Interest rate swap Level 2 $ 5,882 $ 8,106 $ 7,685 We value our derivative financial instruments using a discounted cash flow analysis based on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market based inputs including interest rates and implied volatilities. Our valuations also consider both our own and the respective counterparty’s non-performance Other Financial Instruments Periodically we make cash investments in money market funds comprised of U.S. Government treasury bills and securities, which are classified as cash and redeemable on demand. As of October 31, 2020 and February 1, 2020, we held $767.0 million and $113.3 million in money market funds, respectively. We held no investments in money market funds as of November 2, 2019. The fair value of the 2015 Term Loan Facility is estimated using a discounted cash flow analysis based on quoted market prices for the instrument in an inactive market and is therefore classified as Level 2 within the fair value hierarchy. As of October 31, 2020, February 1, 2020 and November 2, 2019, the estimated fair value of our 2015 Term Loan Facility was $1.4 billion, $1.2 billion and $1.0 billion, respectively. As borrowings on the 2018 ABL Facility are generally repaid in less than 12 months, we believe that fair value approximates the carrying value.
New Academy Holding Company, LLC
Fair Value Measurements		6. Fair Value Measurements Fair value is defined as an exit price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Authoritative guidance establishes a three-level hierarchy for disclosure that is based on the extent and level of judgment used to estimate the fair value of the assets and liabilities. The fair value measurements are classified as either: • Level 1 which represents valuations based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 which represents valuations based on quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and • Level 3 which represents valuations based on prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy in which the fair value measurement is classified in its entirety, is based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. There were no transfers made into or out of the Level 1, 2 or 3 categories during any period presented. The following table provides the fair value hierarchy for our derivative financial instruments (amounts in thousands) as of: Fair Value Hierarchy February 1, 2020 February 2, 2019 Assets Interest rate swap Level 2 $ — $ 8,741 Liabilities Interest rate swap Level 2 $ 8,106 $ 333 We value our derivative financial instruments using a discounted cash flow analysis based on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market based inputs including interest rates and implied volatilities. Our valuations also consider both our own and the respective counterparty’s non-performance Non-Financial Non-Recurring Certain non-financial Other Financial Instruments Periodically we make cash investments in money market funds comprised of U.S. Government treasury bills and securities, which are classified as cash and redeemable on demand. We held investments in money market funds of $113.3 million and $42.6 million as of February 1, 2020 and February 2, 2019, respectively. The fair value of the 2015 Term Loan Facility is estimated using a discounted cash flow analysis based on quoted market prices for the instrument in an inactive market and is therefore classified as Level 2 within the fair value hierarchy. As of February 1, 2020 and February 2, 2019, the estimated fair value of the 2015 Term Loan Facility was $1.2 billion and $1.1 billion, respectively. As borrowings on the Amended ABL Facility are generally repaid in less than 12 months, we believe that fair value approximates the carrying value.

Property and Equipment

Property and Equipment	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Property and Equipment	7. Property and Equipment Property and equipment consists of the following (amounts in thousands) as of: October 31, February 1, November 2, Leasehold improvements $ 435,094 $ 436,807 $ 433,266 Equipment and software 543,147 537,364 527,845 Furniture and fixtures 317,371 316,420 314,909 Construction in progress 27,979 17,639 21,197 Land 3,698 3,698 3,698 Total property and equipment 1,327,289 1,311,928 1,300,915 Accumulated depreciation and amortization (944,669 ) (870,521 ) (846,509 ) Property and equipment, net $ 382,620 $ 441,407 $ 454,406 Depreciation expense was $25.5 million and $79.7 million in the thirteen and thirty-nine weeks ended October 31, 2020, respectively, and $29.6 million and $88.7 million in the thirteen and thirty-nine weeks ended November 2, 2019, respectively.
New Academy Holding Company, LLC
Property and Equipment		7. Property and Equipment Property and equipment consists of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Leasehold improvements $ 436,807 $ 419,885 Equipment and software 537,364 496,089 Furniture and fixtures 316,420 304,784 Construction in progress and land 17,639 35,533 Land 3,698 3,698 Total property and equipment 1,311,928 1,259,989 Accumulated depreciation and amortization (870,521 ) (763,836 ) Property and equipment, net $ 441,407 $ 496,153 Depreciation expense, which is included in selling, general and administrative expenses in the consolidated statements of income, was $117.3 million, $130.4 million and $130.8 million in 2019, 2018 and 2017, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Feb. 01, 2020
New Academy Holding Company, LLC
Intangible Assets	8. Intangible Assets Intangible assets consist of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Assets subject to amortization: Favorable lease rights, net $ — $ 15,067 Assets not subject to amortization: Trade name 577,000 577,000 Trade name and other intangible assets, net $ 577,000 $ 592,067 With the adoption of the New Lease Standard on February 3, 2019, the balance of the favorable lease rights, net was netted into the right-of-use Amortization expense on favorable lease rights was $3.5 million in 2018 and 2017, respectively. Favorable lease rights are net of accumulated amortization of $25.0 million as of February 2, 2019.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Accrued Expenses and Other Current Liabilities	9. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: October 31, February 1, November 2, Accrued interest $ 6,996 $ 7,835 $ 3,261 Accrued personnel costs 72,995 54,065 41,237 Accrued professional fees 6,041 2,451 2,787 Accrued sales and use tax 18,590 12,651 18,041 Accrued self-insurance 13,136 14,107 13,912 Deferred revenue - gift cards and other 54,557 70,220 49,603 Income taxes payable 19,197 4,941 4,575 Interest rate swaps 5,746 6,129 5,184 Property taxes 49,679 16,919 50,066 Sales return allowance 5,000 5,500 5,500 Other 22,675 16,563 25,826 Accrued expenses and other current liabilities $ 274,612 $ 211,381 $ 219,992
New Academy Holding Company, LLC
Accrued Expenses and Other Current Liabilities		9. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Accrued personnel costs $ 54,065 $ 36,955 Accrued interest 7,835 3,574 Accrued sales and use tax 12,651 7,521 Accrued self-insurance 14,107 14,632 Property taxes 16,919 16,941 Deferred revenue—gift cards and other 70,220 67,527 Sales return allowance 5,500 5,800 Other 30,084 31,191 Accrued expenses and other current liabilities $ 211,381 $ 184,141

Equity and Share-Based Compensa

Equity and Share-Based Compensation	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Equity and Share-Based Compensation	10. Equity and Share-Based Compensation On September 29, 2020, the ASO, Inc. Board of Directors adopted the 2020 Omnibus Incentive Plan (the “2020 Omnibus Incentive Plan”), which became effective on October 1, 2020. The plan reserved a total of 5,150,000 shares of common stock for issuance. Concurrent with the adoption of the 2020 Omnibus Incentive Plan, the NAHC 2011 Unit Incentive Plan (the “2011 Unit Incentive Plan”) was frozen and no further issuances will be permitted as part of the 2011 Unit Incentive Plan. As of October 31, 2020, there were 4,996,703 shares that were authorized and available for grant under the 2020 Share Incentive Plan. 2011 Unit Incentive Plan The 2011 Unit Incentive Plan provides for the grant of certain equity incentive awards (each, an “Award”), such as options to purchase ASO, Inc. common stock (each, a “Unit Option”) and restricted units that may settle in ASO, Inc. common stock (each, a “Restricted Unit”) to our directors, executives, and eligible employees of the Company. Unit Options granted under the 2011 Unit Incentive Plan consist of Unit Options that vest upon the satisfaction of time-based requirements (each, a “Service Unit Option”) and Unit Options that vest upon the satisfaction of both time-based requirements and Company performance-based requirements (each, a “Performance Unit Option”). Restricted Units granted under the 2011 Unit Incentive Plan consist of Restricted Units that vest upon the satisfaction of time-based requirements (each, a “Service Restricted Unit”) and Restricted Units that vest upon the satisfaction of a liquidity event-based requirement together with a time-based requirement and/or a performance-based requirement (each, a “Liquidity Event Restricted Unit”). In each case, vesting of the Company’s outstanding and unvested Unit Options and Restricted Units is contingent upon the holder’s continued service through the date of each applicable vesting event. Concurrent with the adoption of the 2020 Omnibus Incentive Plan on October 1, 2020, no further Awards are authorized to be granted under the 2011 Unit Incentive Plan. 2020 Omnibus Incentive Plan The 2020 Omnibus Incentive plan provides for the grant of Awards such as options to purchase ASO, Inc. common stock (each, a “Stock Option”) and restricted stock units which may settle in ASO, Inc. common stock (each, a “Restricted Stock Unit”) to our directors, executives, and eligible employees of the Company. Stock Options granted under the 2020 Omnibus Incentive Plan consist of Stock Options that vest upon the satisfaction of time-based requirements (each, a “Service Stock Option” and Service Unit Options and Service Stock Options together are “Service Options”). Restricted Stock Units granted under the 2020 Omnibus Incentive Plan consist of Restricted Stock Units that vest upon the satisfaction of time-based requirements (each, a “Service Restricted Stock Unit”) and Restricted Stock Units that vest upon the satisfaction of a time-based requirement and performance-based requirement (each, a “Performance Restricted Stock Unit”). In each case, vesting of the Company’s outstanding and unvested Stock Options and Restricted Stock Units is contingent upon the holder’s continued service through the date of each applicable vesting event. Equity compensation expense was $23.4 million and $27.0 million in the thirteen and thirty-nine weeks ended October 31, 2020, respectively, which includes approximately $19.9 million of stock compensation expense associated with the vesting of certain outstanding restricted stock units as a result of the liquidity condition being achieved upon completion of our IPO. Equity compensation expense was $1.4 million and $5.9 million in the thirteen and thirty-nine weeks ended November 2, 2019, respectively. These costs are included in selling, general and administrative expenses in the statements of income. Distribution On August 28, 2020, NAHC paid a $257.0 million, or $1.1257 per unit (or $3.5460 as converted using the Contribution Ratio), distribution to its members of record as of August 25, 2020. Cash on hand was used to fund $248.0 million of the distribution, with the remainder distributed through an offset of outstanding loans receivable from one member and state income tax withholding made on behalf of NAHC’s members. Holders of the outstanding granted equity Awards are entitled to receive value equal to $1.1257 per Award (or $3.5460 as converted using the Contribution Ratio), which was or will be made in the form of cash payments, additional Restricted Unit grants or Unit Option exercise price adjustments. Cash payments due for unvested Awards will be payable upon vesting of such Awards. In accordance with the terms of the 2011 Unit Incentive Plan, the Company made the following adjustments to each outstanding Award (per unit components, shares and exercise prices shown above and below are converted using the Contribution Ratio as described in the Retrospective Presentation of Ownership Exchange in Note 2): • Exercise price reductions of $0.28 for 9,788,000 Unit Options (or $0.89 for 3,107,301 Stock Options, as converted); • Exercise price reductions of $1.12 for 1,746,594 Unit Options (or $3.53 for 554,474 Stock Options, as converted); • Additional Restricted Unit grants of 159,362 units (or 50,590 Liquidity Event Restricted Units, as converted); and • Cash payments for vested Unit Options and vested Restricted Units (“Share-Based Award Payments”) of $20.7 million were paid through October 31, 2020. Share-Based Award Payments payable as of October 31, 2020 for unvested awards is $12.1 million, which is reflected within accrued expenses and other current liabilities and other long-term liabilities on the Company’s consolidated balance sheets. These exercise price adjustments did not increase the value of the Unit Options and no related additional equity compensation was or will be incurred. Service Option Fair Value Assumptions The fair value for Service Options granted was estimated using a Black-Scholes option-pricing model. The expected lives of the Service Options granted were based on the “SEC simplified” method and a mid-point The following table presents the assumptions and grant date fair values for Service Options granted in the thirty-nine weeks ended October 31, 2020: Expected life in years 6.2 Expected volatility 53% to 54 % Weighted-average volatility 53 % Risk-free interest rate 0.39% to 0.76 % Dividend yield — The following table presents the Award grants during the thirty-nine weeks ended October 31, 2020: Service Service Liquidity Performance Number of shares (1) 1,417,961 11,564 1,185,474 12,772 Weighted average grant date fair value per Award $ 8.48 $ 17.30 $ 17.99 $ 13.04 Weighted average exercise price per Award $ 16.87 N/A N/A N/A (1) See Retrospective Presentation of Ownership Exchange in Note 2. The following table presents the unrecognized compensation cost as of October 31, 2020: Service Performance Service Liquidity Performance Remaining expense $ 18,952,974 $ 883,794 $ 68,493 $ 18,037,924 $ 159,999 Weighted average life remaining in years 2.7 2.3 0.4 2.1 1.6
New Academy Holding Company, LLC
Equity and Share-Based Compensation		10. Equity and Unit-Based Compensation The Company had 228,274,749 Membership Units authorized, issued and outstanding as of February 1, 2020. The New Academy Holding Company, LLC 2011 Unit Incentive Plan, or the 2011 Unit Incentive Plan, provides for the grant of certain equity incentive awards, or each, an Award, such as options to purchase Holdco Membership Units, or each, a Unit Option, and restricted units that may settle in Holdco Membership Units, or each, a Restricted Unit, to our directors, executives, and eligible employees of the Company. Unit Options granted under the 2011 Unit Incentive Plan consist of Unit Options that vest upon the satisfaction of time-based requirements, or each, a Service Option, and Unit Options that vest upon the satisfaction of both time-based requirements and Company performance-based requirements, or each, a Performance Option. Restricted Units granted under the 2011 Unit Incentive Plan consist of Restricted Units that vest upon the satisfaction of time-based requirements, or each, a Service Restricted Unit, and Restricted Units that vest upon the satisfaction of both time-based requirements and liquidity event-based requirements, or each, a Liquidity Event Restricted Unit. In each case, vesting of the Company’s outstanding and unvested Unit Options and Restricted Units is contingent upon the holder’s continued service through the date of each applicable vesting event. As of February 1, 2020, the number of Holdco Membership Units authorized for the grant of Awards under the 2011 Unit Incentive Plan was 33,948,085 Membership Units. As of February 1, 2020, there were 2,051,547 Holdco Membership Units that were authorized and available for the grant of Awards under the 2011 Unit Incentive Plan. Equity compensation expense was $7.9 million, $4.6 million and $4.6 million in 2019, 2018 and 2017, respectively, and is included in selling, general and administrative expenses in our consolidated statements of income. On June 22, 2018, the Company reduced the exercise price on vested and unvested options to fair market value for current employees holding options with exercise prices greater than fair market value. The repricing affected 184 employees and 6,909,475 options. Equity compensation expense incurred at the time of the repricing was $0.7 million. As of February 1, 2020, unrecognized compensation cost related to Unit Options and Restricted Units of $16.7 million is expected to be recognized over a weighted average life of 2.7 years. The total fair value of Restricted Units vested was $0.3 million, $0.2 million and $0.2 million for 2019, 2018 and 2017, respectively. Unit Option Fair Value Assumptions The fair value for Service Options and Performance Options granted was estimated using a Black-Scholes option-pricing model. The expected lives of the Service Options and Performance Options granted were based on the “SEC simplified” method and a mid-point The following table presents the assumptions and grant date fair values for Service Options and Performance Options granted in 2019, 2018 and 2017: Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Expected life in years 6.2 6.2 6.2 Expected volatility 52% 50% to 55% 52% to 57% Weighted-average volatility 52.0% 54.1% 53.1% Risk-free interest rate 1.4% to 2.5% 2.6% to 2.9% 1.8% to 2.2% Dividend yield — — — Weighted-average grant date fair value - Service Options $2.75 $2.85 $3.10 Weighted-average grant date fair value - Performance Options $2.74 $2.84 $3.11 Unit Option Activity The Company’s outstanding and unvested Service Options typically vest ratably over a four-year period, on each anniversary of their grant date. In the event of certain Company change of control transactions, the Company’s then-outstanding and unvested Service Options will become fully vested and exercisable. The Company’s outstanding and unvested Performance Options typically vest ratably over a four-year period, after the conclusion of each fiscal year and upon our board of managers’ determination that the Company has achieved certain pre-determined case-by-case pre-determined pre-determined Unit Option activity is as follows: Service-Based Unit Options (1) Unit Weighted Weighted Aggregate Outstanding as of January 28, 2017 12,049,440 $ 3.66 6.2 $ 30,857 Granted or modified 4,126,204 5.92 Canceled or modified (533,211 ) 5.83 Forfeited (1,301,531 ) 6.00 Exercised — — Outstanding as of February 3, 2018 14,340,902 $ 4.02 6.0 $ 18,415 Granted or modified 9,654,571 5.29 Canceled or modified (5,898,381 ) 5.99 Forfeited (2,486,813 ) 5.52 Exercised — — Outstanding as of February 2, 2019 15,610,279 $ 3.82 5.7 $ 33,157 Granted or modified 4,365,143 5.27 Canceled or modified (601,974 ) 4.60 Forfeited (1,133,977 ) 5.23 Exercised — — Outstanding as of February 1, 2020 (2) 18,239,471 $ 4.05 5.5 $ 28,855 Exercisable as of February 1, 2020 11,225,459 $ 3.29 3.6 $ 26,584 (1) The fair value of a membership unit as of each period end was $6.07, $4.40, $5.91, $5.59, for the fiscal years ended 2016, 2017, 2018, and 2019, respectively. (2) The Company has elected to recognize forfeitures as they occur. Therefore, the number of awards vested and expected to vest is equal to the awards outstanding. Performance-Based Unit Options (1) Unit Weighted Weighted Aggregate Outstanding as of January 28, 2017 9,959,420 $ 3.14 5.5 $ 31,031 Granted or modified 1,232,128 5.95 Canceled or modified (436,759 ) 5.71 Forfeited (852,432 ) 6.48 Exercised — — Outstanding as of February 3, 2018 9,902,357 $ 3.09 4.8 $ 18,658 Granted or modified 3,272,337 5.29 Canceled or modified (2,258,138 ) 5.86 Forfeited (1,231,868 ) 5.59 Exercised — — Outstanding as of February 2, 2019 9,684,688 $ 2.86 4.1 $ 29,960 Granted or modified 1,335,436 5.27 Canceled or modified (228,718 ) 3.90 Forfeited (563,830 ) 5.27 Exercised — — Outstanding as of February 1, 2020 (2) 10,227,576 $ 3.02 3.6 $ 26,838 Exercisable as of February 1, 2020 7,760,964 $ 2.31 2.0 $ 26,061 (1) The fair value of a membership unit as of each period end was $6.07, $4.40, $5.91, $5.59, for the fiscal years ended 2016, 2017, 2018, and 2019, respectively. (2) The Company has elected to recognize forfeitures as they occur. Therefore, the number of awards vested and expected to vest is equal to the awards outstanding. Restricted Unit Activity Restricted Unit activity is as follows: Restricted Units Units Weighted Non-vested 1,374,348 $ 6.00 Granted 29,022 6.03 Vested (8,238 ) 6.07 Non-vested 1,395,132 $ 6.00 Granted 2,769,316 5.34 Vested (34,704 ) 5.90 Forfeited (782,295 ) 5.79 Non-vested 3,347,449 $ 5.50 Granted 180,610 5.26 Vested (57,363 ) 5.26 Forfeited (141,510 ) $ 5.30 Non-vested 3,329,186 $ 5.50 As of February 1, 2020, there are 38,024 Holdco Membership Units that are subject to outstanding and unvested Service Restricted Units issued during 2019. The Service Restricted Units contain a weighted average grant date fair value of $5.26 per unit. The Company’s outstanding and unvested Service Restricted Units typically vest 100% on the six-month one-year As of February 1, 2020, there are 3,291,162 Holdco Membership Units that are subject to outstanding and unvested Liquidity Event Restricted Units with a weighted average grant date fair value of $5.51 per unit. The Company’s outstanding and unvested Liquidity Event Restricted Units are currently not being expensed and will not be expensed until the performance objective meets the definition of “probable” in accordance with ASC 718. The Company’s outstanding and unvested Liquidity Event Restricted Units typically vest either (i) over a four-year period at rates of 30%, 30%, 20% and 20% per anniversary of the Liquidity Event Restricted Unit holder’s employment start date, so long as the Company completes an initial public offering prior to the fifth anniversary of their grant date, or (ii) immediately at a rate of 100%, upon the completion of certain Company change of control transactions, so long as the Company completes such change of control transaction prior to the fifth anniversary of their grant date. If the performance objective of the Liquidity Event Restricted Units had been met as the result of the Company completing an initial public offering on February 1, 2020, we would have expensed approximately $10.2 million of stock compensation expense associated with the vesting of the Liquidity Event Restricted Units achieved as of such date.

Earnings per Common Share

Earnings per Common Share	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Earnings per Common Share	11. Earnings per Common Share Basic earnings per common share is calculated based on net income divided by the basic weighted average common shares outstanding during the period, and diluted earnings per common share is calculated based on net income divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is based on the basic weighted average common shares outstanding plus any potential dilutive effect of stock-based awards outstanding during the period using the treasury stock method, which assumes the potential proceeds received from the dilutive stock options are used to purchase treasury stock. Anti-dilutive stock-based awards do not include awards which have a performance or liquidity event target which has yet to be achieved. Basic and diluted weighted average common shares outstanding and basic and diluted earnings per common share are calculated as follows (dollar and share amounts in thousands except per share amounts): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Net income $ 59,586 $ 28,552 $ 217,242 $ 102,305 Weighted average common shares outstanding - basic (1) 76,771 72,484 73,908 72,480 Dilutive effect of Service Restricted Units and Service Restricted Stock Units (1) 6 6 9 9 Dilutive effect of Performance Restricted Units, Liquidity Event Restricted Units and Performance Restricted Stock Units (1) 1,423 — 991 — Dilutive effect of Service Options (1) 1,081 1,271 871 824 Dilutive effect of Performance Unit Options and Performance Stock Options (1) 1,433 1,440 1,392 1,453 Weighted average common shares outstanding - diluted (1) 80,714 75,201 77,171 74,766 Earnings per common share - basic $ 0.78 $ 0.39 $ 2.94 $ 1.41 Earnings per common share - diluted $ 0.74 $ 0.38 $ 2.82 $ 1.37 Anti-dilutive stock-based awards excluded from diluted calculation (1) 4,460 4,153 1,648 578 (1) See Retrospective Presentation of Ownership Exchange in Note 2.
New Academy Holding Company, LLC
Earnings per Common Share		11. Earnings Per Unit Basic earnings per unit is calculated based on net income divided by the weighted average total number of Membership Units outstanding during the period, and dilutive earnings per unit is calculated based on net income divided by diluted weighted average units outstanding. Dilutive weighted average units outstanding is based on the basic weighted average units outstanding plus any potential dilutive effect of units outstanding during the period using the treasury stock method, which assumes the potential proceeds received from the dilutive Unit Options are used to purchase treasury stock. Anti-dilutive stock-based awards do not include awards which have a performance or liquidity event target which has yet to be achieved. Basic and dilutive units outstanding are calculated as follows (dollar amounts in thousands except per unit amounts): Fiscal Year Ended February 1, February 2, February 3, Net income $ 120,043 $ 21,442 $ 58,501 Weighed average units outstanding - basic 228,303,750 228,160,508 227,942,148 Dilutive effect of Restricted Units 35,376 51,417 19,608 Dilutive effect of Service Options 2,886,601 4,036,699 4,062,335 Dilutive effect of Performance 4,383,391 4,625,349 4,780,630 Weighed average units outstanding - diluted 235,609,118 236,873,973 236,804,721 Earnings per unit - basic $ 0.53 $ 0.09 $ 0.26 Earnings per unit - diluted $ 0.51 $ 0.09 $ 0.25 Anti-dilutive stock-based awards excluded form diluted calculation 1,833,855 7,485,706 10,150,627

Income Taxes

Income Taxes	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Income Taxes	12. Income Taxes Prior to October 1, 2020, the Company, was treated as a flow through entity for U.S. federal income tax purposes and thus no federal income tax expense was recorded in our statements of income for periods prior to October 1, 2020. Our tax rate prior to October 1, 2020 was almost entirely the result of state income taxes. In connection with our IPO, as a result of the Reorganization Transactions (see Note 1) completed on October 1, 2020, as described further in the Prospectus, on and after October 1, 2020, the Company is treated as a U.S. corporation for U.S. federal, state, and local income tax purposes and accordingly, a provision for income taxes has been recorded for the anticipated tax consequences of our reported results of operations for federal, state and local income taxes since October 1, 2020. As a result of the Reorganization Transactions, the Company recorded a net deferred tax liability position of $144.2 million, which consisted of the Company’s difference between the Company’s financial statement carrying value and the outside tax basis in its NAHC membership units, immediately following the completion of the Reorganization Transactions, measured at the enacted federal and state income tax rates. Additionally, $4.6 million in current tax liability was assumed by the Company as part of the Reorganization Transaction. The combined entry was recorded as a cumulative adjustment to additional paid-in The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in the U.S. on March 27, 2020. We do not anticipate that the enactment of this legislation will significantly impact our full year effective tax rate in fiscal 2020. The components of the income tax expense (benefit) are as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Current tax expense: Federal $ 8,369 $ — $ 8,369 $ — State 2,168 575 3,656 2,135 Foreign 9 13 39 25 Total current tax expense 10,546 588 12,064 2,160 Deferred tax expense: Federal (10,024 ) — (10,024 ) — State (1,715 ) (59 ) (1,715 ) (223 ) Foreign — (23 ) — (23 ) Total deferred tax benefit (11,739 ) (82 ) (11,739 ) (246 ) Total tax expense (benefit) $ (1,193 ) $ 506 $ 325 $ 1,914 A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate is as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Federal income tax at the statutory rate 21.0 % 21.0 % 21.0 % 21.0 % State income tax, net of federal benefit 0.8 1.8 0.9 1.8 Effect of pre-IPO (23.1 ) (21.0 ) (21.6 ) (21.0 ) Effect of permanent items (0.7 ) — (0.2 ) 0.0 Other, including foreign 0.0 — 0.0 0.0 Effective income tax rate (2.0 )% 1.8 % 0.1 % 1.8 % The effective tax rate for the periods reflected is less than the U.S. federal tax rate on corporations primarily as a result of the Company’s status as a flow-through entity prior to October 1, 2020. The thirteen weeks and thirty-nine weeks ended October 31, 2020 includes one month of activity subject to U.S. federal and state income tax in addition to the historically reported Texas franchise tax as a result of the Reorganization Transactions. For complete annual periods on and after October 1, 2020, no portion of the Company’s income remains flow-through to the prior members of NAHC and our estimated statutory federal and state income tax rates are between 24% and 25% before adjustments for permanent differences, valuation allowances and uncertain tax positions. Components of deferred tax assets and liabilities consist of the following: October 31, February 1, November 2, Deferred tax assets: Other $ 127 $ 220 $ 764 Total deferred tax assets 127 220 764 Deferred tax liabilities: Investment in NAHC (132,828 ) — — Total deferred tax liabilities (132,828 ) — — Net deferred tax asset (liability) $ (132,701 ) $ 220 $ 764 The Reorganization Transactions (see Note 1) resulted in our ownership of 100% of NAHC which continues to operate as a tax partnership. The deferred tax liability as of October 31, 2020 reflects the excess of financial statement carrying value over our tax basis in NAHC membership units measured using the federal income tax rate of 21% and our weighted average state income tax rate equal to approximately 3.8% net of federal tax benefit. For the periods ended February 1, 2020 and November 2, 2019, the net deferred tax asset is included in other noncurrent assets. Management evaluates the realizability of deferred tax assets and the need for valuation allowances annually. As of October 31, 2020, based on current facts and circumstances, management believes that it is more likely than not the Company will realize benefit for its gross deferred tax assets. As of October 31, 2020, we had no unrecognized tax benefits and we do not anticipate that unrecognized tax benefits will significantly increase or decrease over the next twelve months. The Company files a consolidated federal income tax return and files tax returns in various state and local jurisdictions. The statute of limitations is open for federal and state tax audits for the tax fiscal years ending 2018 through 2020, and 2017 through 2020, respectively.
New Academy Holding Company, LLC
Income Taxes		12. Income Taxes The income tax provision consists of the following (amounts in thousands) as of: Fiscal Year Ended February 1, February 2, February 3, Current expense: U.S. Federal $ — $ — $ — U.S. State 2,501 2,412 2,580 Foreign 19 33 54 Total current expense 2,520 2,445 2,634 Deferred expense (benefit): U.S. Federal — — — U.S. State 318 (514 ) 145 Foreign (21 ) 20 2 Change in valuation allowance — — — Total deferred expense (benefit) 297 (494 ) 147 Income tax expense $ 2,817 $ 1,951 $ 2,781 The provision for income taxes differs from the amounts computed by applying the federal statutory rate (dollar amounts in thousands) as follows: Fiscal Year Ended February 1, February 2, February 3, Income before income taxes $ 122,860 $ 23,393 $ 61,282 Tax at federal statutory rate (21% for 2019, 21% for 2018 and 33.8% for 2017) 25,801 4,913 20,731 Increase in tax expense resulting from: State income tax 2,818 1,898 2,725 Foreign tax (1 ) 53 56 Effect of rates due to pass through entities (25,801 ) (4,913 ) (20,731 ) Income tax expense $ 2,817 $ 1,951 $ 2,781 Effective income tax rate 2.3 % 8.3 % 4.5 % Income tax expense is less than the federal statutory rate since the Company is a flow through entity for federal income tax purposes. As such, no federal income tax expense has been recorded in the consolidated statements of income. Our tax rate is almost entirely the result of state income taxes. On December 22, 2017, the Tax Cuts and Jobs Act, or the Act, was signed into law. The Act decreased the U.S. corporate federal tax rate from 35% to 21% effective January 1, 2018. The Company did not have any impact on recorded deferred tax balances as the Company is a pass-through entity and only has deferred items related to state taxes. The components that give rise to significant portions of the net deferred tax assets and liabilities are presented below (amounts in thousands) as of: February 1, February 2, Deferred tax assets: Tax credits $ 2,749 $ 2,741 Other 944 985 Total gross deferred tax assets 3,693 3,726 Deferred tax liabilities: Intangibles and depreciation 2,760 2,767 Inventories and other 713 442 Total gross deferred tax liabilities 3,473 3,209 Net deferred tax asset $ 220 $ 517 Management evaluates the realizability of the deferred tax assets and the need for additional valuation allowances annually. At February 1, 2020, based on current facts and circumstances, management believes that it is more likely than not that the Company will realize benefit for its gross deferred tax assets. As of February 1, 2020, we had no unrecognized tax benefits and we do not anticipate that unrecognized tax benefits will significantly increase or decrease over the next 12 months. There are no tax returns that are currently under examination. Federal and state tax years that remain subject to examination are periods ended January 28, 2017 through February 1, 2020.

Related Party Transactions

Related Party Transactions	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Related Party Transactions	13. Related Party Transactions Monitoring Agreement On August 3, 2011 (the “Effective Date”), we entered into a monitoring agreement (the “Monitoring Agreement”), with Kohlberg Kravis Roberts & Co. L.P. (the “Adviser”) pursuant to which the Adviser provides advisory, consulting and financial services to us. In accordance with the terms of the Monitoring Agreement, we pay an aggregate annual advisory fee which increases by 5.0% annually on each anniversary of the Effective Date. The Adviser may also charge us a customary fee for services rendered in connection with securing, structuring and negotiating equity and debt financings by us. Additionally, we are required to reimburse the Adviser for any out-of-pocket year-to-year, Upon the completion of the IPO, in the third quarter of 2020 the Monitoring Agreement terminated and we accrued the final termination fee of $12.3 million. The termination fee is equal to the net present value of the advisory fees that would have been paid from the termination date through the twelfth anniversary of the Effective Date of the Monitoring Agreement. We recognized advisory fees related to the Monitoring Agreement, including reimbursement of expenses and the termination fee, of approximately $13.0 million and $14.8 million in each of the thirteen and thirty-nine weeks ended October 31, 2020, respectively, and $0.9 million and $2.7 million in each of the thirteen and thirty-nine weeks ended November 2, 2019, respectively. These expenses are included in selling, general and administrative expenses in the statements of income. Other Related Party Transactions We paid $2.7 million to KCM for underwriting services in connection with the IPO. KKR has ownership interests in a broad range of portfolio companies and we may enter into commercial transactions for goods or services in the ordinary course of business with these companies. We do not believe such transactions are material to our business. Investments in Managers There were no investments in Managers for the thirteen and thirty-nine weeks ended October 31, 2020. During the thirteen and thirty-nine weeks ended November 2, 2019, an executive of the Company purchased Redeemable Membership Units in Managers for approximately $0.1 million in cash. The cash consideration paid for the Redeemable Membership Units was concurrently contributed to NAHC by Managers in exchange for a number of NAHC Membership Units equal to the number of Redeemable Membership Units purchased. There were no equity repurchases from Managers for the thirteen weeks ended October 31, 2020. During the thirty-nine weeks ended October 31, 2020, Managers repurchased at fair market value approximately $37.0 thousand of Redeemable Membership Units from a director of the Company for cash. During the thirteen and thirty-nine weeks ended November 2, 2019, Managers repurchased at fair market value approximately $0.5 million of Redeemable Membership Units from a director and an executive of the Company for cash. NAHC concurrently repurchased from Managers for cash, at fair market value, a number of NAHC membership units equal to the number of Redeemable Membership Units repurchased from the director and executive. Notes Receivable from Member and Distribution Under NAHC’s LLC agreement, certain members may require the Company to provide a tax loan on their behalf under certain circumstances. On April 10, 2019, the Company loaned $4.0 million with a note receivable issued to a member. The note receivable bears semi-annual compounding interest at 2.5% per annum with outstanding principal and interest due on April 10, 2022. This note receivable was recorded in other non-current On April 5, 2018, the Company loaned $4.1 million with a note receivable issued to a member. The note receivable bears semi-annual compounding interest at 2.1%, with outstanding principal and interest due April 5, 2021. This note receivable was recorded in prepaid expenses and other current assets on the balance sheet. On August 28, 2020, the Company made a distribution to its members of record as of August 25, 2020, of $257.0 million (see Note 10). Of the $257.0 million, $8.5 million was used to offset and satisfy the remaining balances of the notes receivable and related interest receivable from a member.
New Academy Holding Company, LLC
Related Party Transactions		13. Related Party Transactions Monitoring Agreement On August 3, 2011, or the Effective Date, we entered into a monitoring agreement, or the Monitoring Agreement, with Kohlberg Kravis Roberts & Co. L.P., or the Adviser, pursuant to which the Adviser provides advisory, consulting and financial services to us. In accordance with the terms of the Monitoring Agreement, we pay an aggregate annual advisory fee of $3.7 million which increases by 5.0% annually on each anniversary of the Effective Date. The Adviser may also charge us a customary fee for services rendered in connection with securing, structuring and negotiating equity and debt financings by us. Additionally, we are required to reimburse the Adviser for any out-of-pocket year-to-year, The Monitoring Agreement terminates automatically upon the consummation of an initial public offering, unless we elect otherwise. In the event of such a termination, the Adviser is entitled to all unpaid monitoring fees and expenses plus the net present value of the advisory fees that would have been paid from the termination date through the twelfth anniversary of the Effective Date of the Monitoring Agreement. If an initial public offering was consummated and the Monitoring Agreement was terminated on February 1, 2020, we would have owed approximately $14.2 million of termination fees to the Adviser. Pursuant to a separate agreement, the Adviser would be expected to share a portion of any such termination fee with certain investors who are family descendants of our founder, Max Gochman, or Gochman Investors. Transaction and Other Fee Arrangements In 2015, we paid KKR Capital Markets LLC, or KCM, an affiliate of KKR, $2.1 million in fees in connection with the 2015 Term Loan Facility. These fees are recorded as deferred loan costs, net of amortization, within the long-term debt on the balance sheets. The Company also incurred expenses of $0.9 million and $0.3 million in 2018 and 2017, respectively, related to professional fees owed to an affiliate of KKR. These expenses are included in selling, general and administrative expenses in the statements of income. Other Related Party Transactions KKR has ownership interest in a broad range of portfolio companies and we may enter into commercial transactions for goods or services in the ordinary course of business with these companies. We do not believe such transactions are material to our business. Equity Purchases For the years ended February 1, 2020, February 2, 2019 and February 3, 2018, executives and directors of the Company made cash purchases of Redeemable Membership Units in Managers for approximately $0.1 million, $1.3 million and $1.2 million, respectively. The cash consideration paid for the Redeemable Membership Units was subsequently contributed to Holdco by Managers in exchange for a number of Holdco Membership Units equal to the number of Redeemable Membership Units purchased. During the year ended February 1, 2020, Managers repurchased at fair market value approximately $0.5 million of Redeemable Membership Units from a director and an executive of the Company for cash. Holdco concurrently repurchased from Managers for cash, at fair market value, a number of Holdco membership units equal to the number for Redeemable Membership Units repurchased from the director and executive. Note Receivable from Member Under Holdco’s LLC agreement, certain members may require the Company to provide a tax loan on their behalf under certain circumstances. On April 10, 2019, the Company loaned $4.0 million with a note receivable issued to a member. The note receivable bears semi-annual compounding interest at 2.5% per annum with outstanding principal and interest due on April 10, 2022. On April 5, 2018, the Company loaned $4.1 million with a note receivable issued to a member. The note receivable bears semi-annual compounding interest at 2.1% per annum, with outstanding principal and interest due on April 5, 2021. These notes receivable have been recorded in other non-current

Leases

Leases	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Leases	8. Leases In April 2020, the Financial Accounting Standards Board issued Staff Q&A—Topic 842 and Topic 840: Accounting For Lease Concessions Related to the Effects of the COVID-19 Leases The components of lease expense and sublease income included in selling, general and administrative (“SG&A”) expenses on our statement of income is as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Operating lease expense $ 49,272 $ 49,159 $ 147,528 $ 146,039 Short-term lease expense — — — — Variable lease expense 1,709 1,956 3,527 5,805 Sublease income (115 ) (403 ) (641 ) (1,205 ) Net lease expense $ 50,866 $ 50,712 $ 150,414 $ 150,639 Information about our operating leases is as follows (dollar amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Right-of-use $ 13,477 $ 32,520 $ 84,595 $ 55,562 Cash paid for amounts included in the measurement of lease liabilities $ 48,092 $ 48,283 $ 130,274 $ 143,848 October 31, November 2, Weighted-average remaining lease term in years 11.2 10.9 Weighted-average incremental borrowing rate 9.09 % 8.88 % As most of our leases do not provide an implicit rate of interest, we use our incremental borrowing rate, which is based on the market lending rates for companies with comparable credit ratings, to determine the present value of lease payments on lease commencement or remeasurement. The remaining maturities of lease liabilities by fiscal year are as follows (amounts in thousands): October 31, 2020 $ 48,759 2021 196,666 2022 194,316 2023 186,750 2024 178,462 2025 172,512 After 2025 1,051,915 Total payments (1) 2,029,380 Less: Interest (778,599 ) Present value of lease liabilities $ 1,250,781 (1) Minimum lease payments have not been reduced by sublease rentals of $1.9 million as of October 31, 2020 due in the future under non-cancelable
New Academy Holding Company, LLC
Leases		14. Leases We lease all of our retail stores, distribution centers and corporate offices. Our leases primarily relate to building leases, which generally include options to renew at our sole discretion for five years or more. We regularly extend options for our building leases, which constitutes a lease modification and thus requires a re-measurement Effective February 3, 2019, we adopted the New Lease Standard, which requires that lessees recognize assets and liabilities arising from operating leases on the balance sheet and disclose key information about leasing arrangements. In conjunction with the adoption of the New Lease Standard, we have elected to utilize the package of practical expedients, which allows us to carry forward our historical lease classifications and eliminates the need to assess whether our pre-existing non-lease right-of-use The following table reflects the balance sheet impact of the implementation of the New Lease Standard upon adoption (amounts in thousands): As of Adoption As of Assets: Prepaid expenses and other current assets (1) $ 39,937 $ (15,778 ) $ 24,159 Right-of-use — 1,173,741 1,173,741 Trade name and other intangible assets, net (1) 592,067 (15,067 ) 577,000 Other noncurrent assets (1)(2) 21,545 (2,826 ) 18,719 Liabilities and Partners’ Equity: Current lease liabilities — 84,849 84,849 Long-term lease liabilities — 1,154,697 1,154,697 Other long-term liabilities (1) (2) 122,795 (104,551 ) 18,244 Retained earnings (2) $ 553,282 $ 5,075 $ 558,357 (1) The difference between the additional lease assets and lease liabilities relates to certain prepaid or deferred rents, lease incentives and purchase accounting related fair market value lease adjustments which were adjusted out of the accounts above and were netted into the right-of-use (2) As of February 2, 2019 we had a deferred loss in other noncurrent assets and deferred gain in other long-term liabilities related to previous sale-leaseback transactions, which upon transition resulted in a cumulative-effect adjustment to retained earnings. Adoption of the New Lease Standard resulted in $1.2 billion in right-of-use In addition, in certain situations, we may sublease real estate to third parties. Our sublease portfolio consists mainly of operating leases of former store locations for which we are still under lease and existing store leases in which we have excess or unused space. The components of lease expense and sublease income included in selling, general and administrative, or SG&A, expenses on our statement of income is as follows (amounts in thousands): Fiscal year ended February 1, 2020 Operating lease expense $ 195,301 Short-term lease expense — Variable lease expense 7,736 Sublease income (1,591 ) Net lease expense $ 201,446 Information about our operating leases is as follows (dollar amounts in thousands): Fiscal year ended February 1, 2020 Right-of-use $ 57,383 Cash paid for amounts included in the measurement of lease liabilities $ 192,849 As of Weighted-average remaining lease term in years 10.7 Weighted-average incremental borrowing rate 8.89 % As most of our leases do not provide an implicit rate of interest, we use our incremental borrowing rate, which is based on the market lending rates for companies with comparable credit ratings, to determine the present value of lease payments on lease commencement or remeasurement. The remaining maturities of lease liabilities by fiscal year as of February 1, 2020 are as follows (amounts in thousands): 2020 $ 196,088 2021 195,323 2022 190,609 2023 181,499 2024 171,720 2025 164,071 After 2025 834,644 Total lease payments (1) 1,933,954 Less: Interest (715,729 ) Present value of lease liabilities $ 1,218,225 (1) Minimum lease payments have not been reduced by sublease rentals of $1.6 million due in the future under non-cancelable Future minimum payments determined under the previous accounting standards for operating lease obligations, including committed leases that had not yet commenced, as of February 2, 2019, were as follows (in thousands): 2019 $ 192,632 2020 193,878 2021 192,610 2022 188,048 2023 177,750 Thereafter 1,172,506 Total minimum lease payments (1) 2,117,424 Lease minimum sublease income (7,719 ) Net minimum lease payments $ 2,109,705 (1) Minimum lease payments have not been reduced by sublease rentals of $7.7 million due in the future under non-cancelable

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Commitments and Contingencies	14. Commitments and Contingencies Technology Related Commitments and Other As of October 31, 2020, we have obligations under technology related contractual commitments as well as other commitments, such as construction commitments, in the amount of $15.2 million. Of such commitments, approximately $12.7 million is payable in the next 12 months. Commitments Related to Monitoring Agreement As of October 31, 2020, we have obligations under the Monitoring Agreement, which include the termination fee upon completion of the IPO, in the amount of $13.3 million, of which $13.3 million is payable in the next 12 months (see Note 13). Financial Guarantees During the normal course of business, we enter into contracts that contain a variety of representations and warranties and provide general indemnifications. The maximum exposure under these arrangements is unknown as this would involve future claims that may be made against us that have not yet occurred. However, based on experience, we believe the risk of loss to be remote. Legal Proceedings We are a defendant or co-defendant Sponsorship Agreement and Intellectual Property Commitments We periodically enter into sponsorship agreements generally with professional sports teams, associations, events, networks, or individual professional players and collegiate athletic programs in exchange for marketing and advertising promotions. We also enter into intellectual property agreements whereby the Company receives the right to use third-party owned trademarks typically in exchange for royalties on sales. These agreements typically contain a one to three-year term and contractual payment amounts required to be paid by the Company. As of October 31, 2020, we have $12.8 million in related commitments through 2027, of which $7.4 million is payable in the next 12 months.
New Academy Holding Company, LLC
Commitments and Contingencies		15. Commitments and Contingencies Technology Related Commitments and Other As of February 1, 2020, we have obligations under technology related contractual commitments as well as other commitments, such as construction commitments, in the amount of $29.8 million. Of such commitments, approximately $20.6 million is payable in the next 12 months. Commitments Related to Monitoring Agreement As of February 1, 2020, we have obligations under the Monitoring Agreement (see Note 13) in the amount of $14.4 million, of which $4.1 million is payable in the next 12 months. Financial Guarantees During the normal course of business, we enter into contracts that contain a variety of representations and warranties and provide general indemnifications. The maximum exposure under these arrangements is unknown as this would involve future claims that may be made against us that have not yet occurred. However, based on experience, we believe the risk of loss to be remote. Legal Proceedings We are a defendant or co-defendant Sponsorship Agreements and Intellectual Property Commitments We periodically enter into sponsorship agreements generally with professional sports teams, associations, events, networks or individual professional players and collegiate athletic programs in exchange for marketing and advertising promotions. We also enter into intellectual property agreements whereby the Company receives the right to use third-party owned trademarks typically in exchange for royalties on sales. These agreements typically contain a one to three-year term and contractual payment amounts required to be paid by the Company. As of February 1, 2020, we have $7.7 million in related commitments through 2027, of which $4.2 million is payable in next 12 months.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Feb. 01, 2020
New Academy Holding Company, LLC
Employee Benefit Plans	16. Employee Benefit Plans 401(k) Plan We sponsor a safe harbor defined contribution 401(k) profit sharing plan, or the 401(k) Plan, for our eligible employees. The 401(k) plan includes an eligible employee compensation deferral feature, Company matching contributions and a Company profit sharing component. Eligible employees are permitted to contribute up to 75% of their eligible compensation on a pretax basis to the 401(k) Plan, subject to Internal Revenue Service limitations. We match 100% of amounts contributed by a plan participant to the 401(k) Plan each pay period, on a dollar-for-dollar

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Feb. 01, 2020
New Academy Holding Company, LLC
Valuation and Qualifying Accounts	17. Valuation and Qualifying Accounts (amounts in thousands) Balance at Charged Deductions Balance February 1, 2020: Allowance for doubtful accounts $ 3,008 $ 499 $ (232 ) (1) $ 3,275 Sales return allowance 5,800 9,400 (2) (9,700 ) (2) 5,500 Inventory shrink adjustments 19,271 62,975 (69,355 ) (3) 12,891 Self-insurance reserves 22,807 61,220 (61,598 ) (4) 22,429 February 2, 2019: Allowance for doubtful accounts $ 2,616 $ 1,020 $ (628 ) (1) $ 3,008 Sales return allowance 6,500 9,400 (2) (10,100 ) (2) 5,800 Inventory shrink adjustments 14,683 69,047 (64,459 ) (3) 19,271 Self-insurance reserves 19,942 62,000 (59,135 ) (4) 22,807 February 3, 2018: Allowance for doubtful accounts $ 3,410 $ 1,900 $ (2,694 ) (1) $ 2,616 Sales return allowance 6,100 9,100 (2) (8,700 ) (2) 6,500 Inventory shrink adjustments 5,976 93,248 (84,541 ) (3) 14,683 Self-insurance reserves 18,027 67,419 (65,504 ) (4) 19,942 (1) Represents write-offs to the reserve. (2) Represents the monthly increase (decrease) in the required reserve based on the Company’s evaluation of anticipated merchandise returns. (3) Represents the actual inventory shrinkage experienced at the time of physical inventories. (4) Represents claim payments for self-insured claims.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Feb. 01, 2020
New Academy Holding Company, LLC
Selected Quarterly Financial Data (Unaudited)	18. Selected Quarterly Financial Data (Unaudited) (amounts in thousands) 1st 2nd 3rd 4th 2019: Net sales $ 1,076,792 $ 1,237,410 $ 1,145,203 $ 1,370,492 Gross margin 312,996 385,204 362,422 370,532 Selling, general and administrative expenses 301,602 312,570 309,246 328,315 Operating income 11,394 72,634 53,176 42,217 Interest expense, net 27,037 25,549 24,585 24,136 Gain on early retirement of debt, net (41,138 ) (1,127 ) — — Net income $ 25,406 $ 48,347 $ 28,552 $ 17,738 2018: Net sales $ 1,119,480 $ 1,262,207 $ 1,060,188 $ 1,342,018 Gross margin 320,356 387,130 328,333 332,133 Selling, general and administrative expenses 295,278 317,164 300,195 326,365 Operating income 25,078 69,966 28,138 5,768 Interest expense, net 26,795 27,173 27,076 27,608 Net income (loss) $ (976 ) $ 42,103 $ 1,773 $ (21,458 )

Subsequent Events

Subsequent Events	Jun. 30, 2020	Oct. 31, 2020	Feb. 01, 2020
Subsequent Events	4. Subsequent Events Events and transactions occurring through July 10, 2020, the date of issuance of the financial statement, have been evaluated by management and, when appropriate, recognized or disclosed in the financial statements or notes to the consolidated financial statements.	15. Subsequent Events Our management evaluated events or transactions that occurred after October 31, 2020, through December 10, 2020, the issuance date of the financial statements, and identified the following matters to report: IPO Over-Allotment Exercise On November 3, 2020, the Company issued and sold an additional 1,807,495 shares of the Company’s common stock, par value $0.01 per share, for cash consideration of $12.22 per share (representing an initial public offering price of $13.00 per share, net of underwriting discounts) to the IPO underwriters, resulting in approximately $22.1 million in proceeds net of underwriting discounts, which included $0.3 million paid to KCM for underwriting services, pursuant to the partial exercise by the underwriters of their option to purchase up to 2,343,750 additional shares to cover over-allotments in connection with the IPO. The option has expired with respect to the remaining shares. Upon completion of the over-allotment exercise, affiliates of KKR held a 68.5% ownership interest in the Company. Debt Refinancing On November 6, 2020, the Company issued the 2020 Notes (as defined below), entered the 2020 Term Loan Facility (as defined below), and entered into the 2020 ABL Amendment (as defined below). The Company used the net proceeds from the 2020 Notes and the net proceeds from the 2020 Term Loan Facility, together with cash on hand, to repay in full outstanding borrowings under its then-existing term loan, in the amount of $1,431.4 million. We paid KCM approximately $2.5 million with respect to the debt refinancing transactions. 2020 Notes On November 6, 2020, Academy, Ltd. issued $400.0 million of 6.00% senior secured notes which are due November 15, 2027 (the “2020 Notes”), pursuant to an indenture, dated as of November 6, 2020 (the “Indenture”), by and among Academy, Ltd. the Guarantors (as defined below) and The Bank of New York Mellon Trust Company, N.A., as trustee and collateral agent (in such capacity, the “Notes Collateral Agent”). The 2020 Notes were sold in the United States to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. The 2020 Notes will be fully and unconditionally guaranteed on a senior secured basis by each of NAHC, Associated Investors L.L.C. and Academy Managing Co., L.L.C., each a direct or indirect, wholly-owned subsidiary of the Company (collectively, the “Guarantors”), and each of Academy, Ltd.’s future wholly-owned domestic restricted subsidiaries, to the extent such subsidiary guarantees Academy, Ltd.’s senior secured credit facilities or certain capital markets debt. In order to secure the 2020 Notes and the guarantees, Academy, Ltd. and the Guarantors entered into certain security documents with the Notes Collateral Agent, including a security agreement and a pledge agreement, each dated as of November 6, 2020. The 2020 Notes and the guarantees will be secured by (i) a first-priority lien on all of Academy, Ltd.’s and the Guarantors’ personal property that secure the 2020 Term Loan Facility on a first-priority basis and (ii) a second-priority lien on Academy, Ltd.’s and the Guarantors’ personal property consisting of accounts and all other rights to payment, inventory, tax refunds, cash, deposit accounts, securities and commodities accounts, and documents and supporting obligations, securing the 2020 ABL Facility (as defined below) on a first-priority basis and the 2020 Term Loan Facility on a second-priority basis (the “ABL Priority Collateral”). On November 6, 2020, (i) Academy Ltd.’s, the Guarantors party thereto, the Notes Collateral Agent, the Term Loan Agent (as defined below) and the several other parties named therein entered into a first lien intercreditor agreement as to the relative priorities of their respective security interests in the assets securing the 2020 Notes and the 2020 Term Loan Facility and certain other matters relating to the administration of security interests and (ii) the Notes Collateral Agent, the Term Loan Agent and the ABL Agent (as defined below) entered into a lien sharing and priority confirmation joinder to the ABL Intercreditor Agreement, dated as of July 2, 2015, as to the relative priorities of their respective security interests in the assets securing the 2020 Notes, the 2020 Term Loan Facility and the 2020 ABL Facility and certain other matters relating to the administration of security interests. The 2020 Notes will mature on November 15, 2027. The 2020 Notes will pay interest semi-annually in arrears in cash on May 15 and November 15 of each year at a rate of 6.00% per year, commencing on May 15, 2021. On or after November 15, 2023, Academy, Ltd. may, at its option and on one or more occasions, redeem all or a part of the 2020 Notes at the redemption prices set forth in the Indenture, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. At any time prior to November 15, 2023, Academy, Ltd. may, at its option and on one or more occasions, redeem all or part of the 2020 Notes at a redemption price equal to 100% of the principal amount of the 2020 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date, plus a “make-whole” premium as described in the Indenture. In addition, at any time prior to November 15, 2023, Academy, Ltd. may, at its option and on one or more occasions, redeem up to 40% of the aggregate principal amount of the 2020 Notes at a redemption price equal to 106.00% of the aggregate principal amount thereof, with an amount equal to or less than the net cash proceeds from one or more equity offerings to the extent such net cash proceeds are received by or contributed to Academy, Ltd., plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. Upon the occurrence of certain events constituting a Change of Control (as defined in the Indenture), Academy, Ltd. will be required to make an offer to repurchase all of the 2020 Notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The Indenture contains certain covenants that limit the ability of Academy, Ltd. and its restricted subsidiaries to, among other things, (i) incur or guarantee additional indebtedness or issue disqualified stock and preferred stock; (ii) incur liens on assets; (iii) pay dividends or make other distributions in respect of, or repurchase or redeem, their capital stock; (iv) prepay, redeem or repurchase certain debt; (v) make certain loans, investments or other restricted payments; (vi) engage in certain transactions with affiliates; (vii) enter into agreements restricting certain subsidiaries’ ability to pay dividends; and (viii) sell or transfer certain assets or merge or consolidate, in each case subject to certain exceptions and qualifications set forth in the Indenture. The Indenture provides for events of default which include (subject in certain cases to customary grace and cure periods), among others, nonpayment of principal or interest, breach of other agreements in respect of the 2020 Notes, acceleration of certain other indebtedness, failure to pay certain final judgments, failure of certain guarantees to be enforceable, failure to perfect certain collateral securing the 2020 Notes and certain events of bankruptcy or insolvency, which events of default, if any occur, would permit or require the principal, premium, if any, interest and any other monetary obligations on all the then-outstanding 2020 Notes to be due and payable immediately. 2020 Term Loan Facility On November 6, 2020, Academy, Ltd., as borrower, and the Guarantors, as guarantors, entered into the Second Amended and Restated Credit Agreement (the “2020 Term Loan Agreement”), with Credit Suisse AG, Cayman Island Branch (“Credit Suisse”), as the administrative agent and collateral agent (the “Term Loan Agent”), the several lenders from time to time parties thereto and the several other parties named therein, which established a new $400.0 million first lien term loan facility. The 2020 Term Loan Facility will mature on November 6, 2027. The 2020 Term Loan Facility bears interest, at Academy, Ltd.’s election, at either (1) LIBOR rate with a floor of 0.75%, plus a margin of 5.00%, or (2) a base rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) Credit Suisse’s “prime rate”, or (c) the one-month The 2020 Term Loan Facility will be guaranteed by the Guarantors on a senior secured basis. All obligations under the 2020 Term Loan Facility and the guarantees of those obligations will be secured by (i) a second-priority security interest in the ABL Priority Collateral and (ii) a first-priority security interest in, and mortgages on, substantially all present and after acquired tangible and intangible assets of Academy, Ltd. and the Guarantors and a first-priority pledge of 100% of the capital stock of Academy, Ltd. and its domestic subsidiaries and 66% of the voting capital stock of each of Academy, Ltd.’s foreign subsidiaries, if any, that are directly owned by Academy, Ltd. or a future U.S. guarantor, if any. The 2020 Term Loan Agreement contains certain covenants that limit the ability of Academy, Ltd. and its restricted subsidiaries to, among other things, (i) incur or guarantee additional indebtedness or issue disqualified stock and preferred stock; (ii) incur liens on assets; (iii) pay dividends or make other distributions in respect of, or repurchase or redeem, their capital stock; (iv) prepay, redeem or repurchase certain debt; (v) make certain loans, investments or other restricted payments; (vi) engage in certain transactions with affiliates; (vii) enter into agreements restricting certain subsidiaries’ ability to pay dividends; (viii) sell or transfer certain assets or merge or consolidate and (ix) amend material documents, in each case subject to certain exceptions and qualifications set forth in the 2020 Term Loan Agreement. The 2020 Term Loan Agreement contains customary events of default including, but not limited to, failure to pay principal or interest, breaches of representations and warranties, violations of affirmative or negative covenants, cross-defaults to other material indebtedness, a bankruptcy or similar proceeding, rendering of certain monetary judgments, invalidity of collateral documents and changes of control. 2020 ABL Facility On November 6, 2020, Academy, Ltd., as borrower, and the Guarantors, as guarantors, entered into an amendment (the “2020 ABL Amendment”) to the First Amended and Restated ABL Credit Agreement, dated as of July 2, 2015, with JPMorgan Chase Bank, N.A. as the administrative agent and collateral agent, letter of credit issuer and swingline lender (the “ABL Agent”) and the several lenders party thereto, which ABL Amendment, among other things, extended the maturity of Academy, Ltd.’s asset-based revolving credit facility thereunder (the “2020 ABL Facility”) to November 6, 2025.
New Academy Holding Company, LLC
Subsequent Events			19. Subsequent Events Our management evaluated events or transactions that occurred after February 1, 2020 through July 10, 2020. We identified the following matters to report: The global outbreak of COVID-19, On June 30, 2020, New Academy Holding Company, LLC purchased 100 shares of common stock from Academy Sports and Outdoors, Inc. for a purchase price per share equal to the par value per share of such shares, or $1 in the aggregate.

Stockholder's Equity

Stockholder's Equity	Jun. 30, 2020
Equity [Abstract]
Stockholder's Equity	3. Stockholder’s Equity The Corporation is authorized to issue 1,000 shares of Common Stock, par value $0.01 per share, under the Corporation’s certificate of incorporation in effect as of June 30, 2020. In exchange for $1.00, the Corporation has issued 100 shares of Common Stock, all of which were held by New Academy Holding Company, LLC as of June 30, 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	Jun. 30, 2020	Oct. 31, 2020	Feb. 01, 2020
Use of Estimates in the Preparation of Financial Statements		Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Our management bases its estimates on historical experience and other assumptions it believes to be reasonable under the circumstances. Actual results could differ significantly from those estimates. Our most significant estimates and assumptions that materially affect the financial statements involve difficult, subjective or complex judgments by management including the valuation of merchandise inventories, and performing goodwill, intangible and long-lived asset impairment analyses. Given the global economic climate and additional unforeseen effects from the COVID-19
Basis of Presentation	Basis of Accounting The Balance Sheet has been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. Separate statements of operations, changes in stockholders’ equity and cash flows have not been presented in the financial statements because there have been no activities in this entity or because the single transaction is fully disclosed below.	These unaudited condensed consolidated financial statements include the accounts of ASO, Inc. and, its subsidiaries, ASO Co-Invest Co-Invest
Reclassifications		Reclassifications Certain reclassifications have been made in the prior period consolidated financial statements to conform to the current period presentation. Within the merchandise division sales table presented in Note 3, certain products and categories were recategorized amongst various categories and divisions, respectively, to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions in the thirteen and thirty-nine weeks ended November 2, 2019 for comparability purposes. This reclassification is in divisional presentation only and did not impact the overall net sales balances previously disclosed.
Income Taxes		Income Taxes The Company is subject to U.S. federal, state and foreign income taxes. We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the temporary differences are expected to be realized or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize deferred tax assets to the extent we believe these assets are more-likely-than-not more-likely-than-not more-likely-than-not
Principals of Consolidation		All intercompany balances and transactions have been eliminated in consolidation.
New Academy Holding Company, LLC
Use of Estimates in the Preparation of Financial Statements			Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or GAAP, requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Our management bases its estimates on historical experience and other assumptions it believes to be reasonable under the circumstances. Actual results could differ significantly from those estimates.
Basis of Presentation			Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of Holdco, its wholly owned subsidiary New Academy Finance Company LLC, or Finco, and the accounts of Finco’s wholly owned subsidiaries Academy Managing Co., LLC, Associated Investors, LLC and New Academy Finance Corporation. Academy Managing Co., LLC and Associated Investors, LLC are holding companies and are the sole general partner and sole limited partner, respectively, of Academy, Ltd., the Company’s operating company. All intercompany balances and transactions have been eliminated in consolidation.
Unaudited Pro Forma Financial Information			Unaudited Pro Forma Financial Information In connection with the proposed initial public offering, or the IPO, of Academy Sports and Outdoors, Inc., a Delaware corporation, or an IPO issuer, we will undertake a series of reorganization transactions, or the Reorganization Transactions, that will result in, among other things, Holdco being contributed by its unitholders to the IPO issuer and becoming a wholly owned subsidiary of the IPO issuer. The unaudited pro forma financial information provided on the consolidated statements of income provides the estimated impact to net income and earnings per unit based upon the anticipated conversion of the Company to a C corporation in connection with the IPO. We are currently treated as a flow through entity for U.S. federal income tax purposes, and thus no federal income tax expense has been recorded in our consolidated statements of income. After consummation of the IPO, we will become subject to U.S. federal income taxes and additional state income taxes and be taxed at the prevailing corporate rates. The pro forma tax expense assumed in the unaudited pro forma financial information is estimated to be 24.5% plus certain state taxes we currently include in income tax expense as a flow through entity. Our actual income tax rate, and our actual income tax liability, after the IPO may be different from our assumed rate, and such difference may be material. On August 28, 2020, Holdco distributed a $257.0 million one-time special distribution (the “Distribution”) to existing unitholders of record as of August 25, 2020. U.S. Securities and Exchange Commission Staff Accounting Bulletin 1.B.3 requires that certain distributions to owners prior to or concurrent with an initial public offering be considered as distributions in contemplation of that offering. The Company is required to present unaudited basic and diluted pro forma net income per share of common stock as a result of the Distribution, which is assumed to have been made in contemplation of the proposed IPO. Unaudited basic and diluted pro forma net income per share data presented below assumed that (i) 72,477,381, basic, and 74,796,545, diluted, shares of common stock of the IPO issuer were issued and outstanding for 2019 in connection with the contribution of Holdco by its unitholders and related Reorganization Transactions and related cancellation of all outstanding partners’ equity at Holdco in connection with the IPO and (ii) an additional 10,535,154 shares of common stock of the IPO issuer were outstanding for 2019, which represents the number of shares of common stock that the Company would have been required to issue to fund the amount of the Distribution in excess of its net income for 2019. The number of shares of common stock that the Company would have been required to issue to pay the Distribution was calculated by dividing the portion of the total $257.0 million Distribution in excess of the Company’s net income for 2019 by an initial public offering price in the IPO of $13.00 per share. The table below sets forth the computation of the Company’s unaudited basic and diluted pro forma net income per share for 2019: PRO FORMA NET INCOME PER SHARE: (In thousands, except for share and per share data) Basic Diluted Pro forma net income $ 89,942 $ 89,942 Weighted average shares of common stock outstanding after giving effect to the Reorganization Transactions 72,477,381 74,796,545 Adjustment to weighted average shares of common stock outstanding related to the Distribution 10,535,154 10,535,154 Pro forma weighted average shares of common stock outstanding 83,012,535 85,331,699 Pro forma net income per share $ 1.08 $ 1.05
Reclassifications			Reclassifications Certain reclassifications have been made in the 2018 and 2017 consolidated financial statements to conform to the current period presentation. Within the merchandise division sales table presented in Note 3, certain products and categories were recategorized amongst categories and divisions during 2019 to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions for 2018 and 2017 for comparability purposes. This reclassification is in presentation only and did not impact the overall net sales balances previously disclosed.
Redeemable Membership Units			Redeemable Membership Units Allstar Managers LLC, a Delaware limited liability company, or Managers, owns membership units in Holdco, or each a Holdco Membership Unit. Managers is 100% owned by certain current and former executives and directors of the Company and was formed to facilitate the purchase of indirect contingently redeemable ownership interests in the Company. Certain executives and directors may acquire contingently redeemable membership units in Managers, or the Redeemable Membership Units, either (1) by purchasing the Redeemable Membership Units with cash consideration, which is subsequently contributed to Holdco by Managers in exchange for a number of Holdco Membership Units equal to the number of Redeemable Membership Units purchased, or (2) by receiving the Redeemable Membership Units in settlement of vested restricted units awarded to the executive or director under the Company’s 2011 Unit Incentive Plan (see Note 11). Each outstanding Redeemable Membership Unit in Managers corresponds to an outstanding Holdco Membership Unit, on a unit-for-unit The terms and conditions of the agreements governing the Redeemable Membership Units include provisions by which the holder, or its heirs, has the right to require Managers or the Company to purchase the holder’s Redeemable Membership Units upon the holder’s termination of employment due to death or disability for cash at fair value. The carrying value of the Redeemable Membership Units is classified as temporary equity, initially at fair value, as redemption is an event that is not solely within our control. If redemption becomes probable, we are required to re-measure
Cash and Cash Equivalents			Cash and Cash Equivalents We consider credit and debit card transactions, which typically settle within three business days, demand deposits with banks, and all other highly liquid investments with original maturities of three months or less from the date of purchase to be cash equivalents.
Financial Instruments			Financial Instruments Financial instruments are comprised of cash and cash equivalents, accounts receivable, accounts payable, certain accrued liabilities, derivatives and debt. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair values due to the short-term nature of those instruments. We enter into interest rate swaps to reduce the risk that our earnings and cash flows will be affected by changes in interest rates on our debt, and we do not hold any derivative financial instruments for trading or speculative purposes (see Note 4 and Note 5). The fair value of debt is influenced by fluctuations in market conditions for interest rates (see Note 6).
Accounts Receivable			Accounts Receivable Accounts receivable consists primarily of amounts due from vendors for vendor allowances and other accounts receivable. We provide an allowance for doubtful accounts based on both historical experience and a specific identification basis.
Concentration of Risk			Concentration of Risk Financial instruments which subject us to potential credit risk consist of cash and cash equivalents and derivative financial instruments. We have established guidelines to limit our exposure to credit risk on cash and cash equivalents by placing investments with high credit quality financial institutions. Deposits with these financial institutions may exceed the amount of insurance provided; however, these deposits typically are redeemable upon demand. We use high credit quality counterparties to transact our derivative transactions. Therefore, we believe that the financial risks associated with these financial instruments are minimal. We purchase merchandise inventories from approximately 1,300 vendors. In 2019, 2018 and 2017, purchases from our largest vendor represented approximately 14%, 13% and 14% of our total inventory purchases, respectively. No other vendor in any of the aforementioned years exceeded 10% of our purchases. We typically do not enter into long-term inventory purchase commitments and there were none as of February 1, 2020 or February 2, 2019. A significant portion of our inventory purchases are manufactured outside of the United States, primarily in Asia. While we are not dependent on any single manufacturer outside of the United States, we could be adversely affected by political, health (including pandemic), safety, security, economic, tariff, climate or other disruptions affecting the business or operations of third-party manufacturers located outside of the United States.
Merchandise Inventories, net			Merchandise Inventories, net Merchandise inventories are valued at the lower of weighted average cost or net realizable value using the last-in first-out,
Property and Equipment			Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and amortization. Cost includes interest capitalized on borrowings used to finance the construction of stores and other significant capital projects while under construction. Depreciation and amortization is computed using the straight-line method over the asset’s useful life, which is generally determined by asset category as follows: Leasehold improvements Lesser of asset useful life or lease term Software and computer equipment 2–5 years Other equipment 5–10 years Furniture and fixtures 7–10 years When assets are retired or sold, the cost and accumulated depreciation are removed from our accounts, and the resulting gain or loss is reflected in the consolidated statements of income. Repair and maintenance costs are charged to expense as incurred and significant improvements that substantially enhance the useful life of an asset are capitalized and amortized. In the normal course of business, we acquire land and construct new stores to be sold to and leased from third party landlords. New stores completed but not yet sold to and leased from third parties are classified as assets held for sale and are expected to be sold within one year. Our intent is to sell the stores for approximately the total land and construction costs incurred (which approximate the fair market value of the property, net of selling costs) and simultaneously enter into operating leases.
Capitalized Computer Software Costs			Capitalized Computer Software Costs We capitalize certain costs incurred in connection with developing or obtaining computer software for internal use. Capitalized computer software costs are included in property and equipment on the consolidated balance sheets and amortized on a straight-line basis when placed into service over the estimated useful lives of the software. The amounts capitalized were $12.9 million, $13.8 million and $21.0 million in 2019, 2018 and 2017, respectively.
Capitalized Interest			Capitalized Interest We capitalized interest primarily related to construction of new stores, store renovations, distribution centers and IT projects in the amount of $0.6 million, $1.3 million and $1.4 million in 2019, 2018 and 2017, respectively. Interest expense, net on the consolidated statement of income is shown net of capitalized interest.
Impairment of Long-Lived Assets			Impairment of Long-Lived Assets We review the carrying value of long-lived assets, including property and equipment and finite-lived intangible assets, for indicators of impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of long-lived assets is measured by a comparison of the carrying amount of the assets to the estimated undiscounted future cash flows expected to be generated by the use of the assets. If such assets are considered to be impaired, the impairment loss recognized is the amount by which the carrying amount of the assets exceeds its estimated fair value, which is typically calculated using discounted expected future cash flows. As a result of our assessment, we did not record an impairment of long-lived store assets in 2019. In 2018 and 2017, we impaired $1.4 million and $2.5 million, respectively, of long-lived store assets. These charges are included in selling, general and administrative expenses on the consolidated statements of income (see Note 6).
Goodwill			Goodwill Goodwill represents the excess of the purchase price of an acquired business over the amounts assigned to assets acquired and liabilities assumed in a business combination. Goodwill is tested for impairment annually at the last day of our eleventh fiscal month, or more frequently if events or circumstances indicate that the carrying value of goodwill may not be recoverable. We test for goodwill at the reporting unit level, which is the operating segment level. We operate in one segment with one reporting unit. The annual goodwill impairment test provides for the option of first performing a qualitative assessment to evaluate the existence of events and circumstances that would lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such a conclusion is reached, we would then be required to perform a quantitative impairment assessment of goodwill. However, if the qualitative assessment leads to a determination that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then no further assessments are required. Our quantitative assessment for determining the fair value of our reporting unit includes using an estimated discounted cash flow model (income approach) and market value approach. The output of this assessment is an estimated fair value for our reporting unit that is compared to its carrying value to determine whether an impairment charge is necessary. The income approach uses a discounted cash flow analysis of our projected future income, and the market value approach is based on earnings multiples for a comparable set of public companies. These approaches use key input assumptions such as our projected future operating results, the discount rate, the weighting for each valuation approach and the comparable set of companies. A history of declining trends in our operating results such as comparable sales, gross margin, net income and cash flow from operations could impact these assumptions and serve as indicators of future impairment. There is significant judgment used in determining these assumptions and variability in the assumptions could cause us to reach a different conclusion on impairment. In 2019, 2018 and 2017, we performed a quantitative assessment for the determination of impairment. Based on the results of these quantitative assessments, no impairment of goodwill existed for 2019, 2018 or 2017.
Intangible Assets			Intangible Assets Intangible assets consist of the trade name of “Academy Sports + Outdoors”, or the Trade Name, and our favorable leases. The favorable leases are accounted for as finite-lived assets and are amortized over their estimated useful economic lives. With the adoption of ASU 2016-02, “ Leases (Topic 842) right-of-use The Trade Name is tested for impairment annually at the last day of our eleventh fiscal month, or whenever events or circumstances indicate that the carrying amount of the Trade Name may not be recoverable. Impairment is calculated as the excess of the Trade Name’s carrying value over its fair value. The fair value of the Trade Name is determined using the relief-from-royalty method, a variation of the income approach. This method assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to exploit the related benefits of these types of assets. Once a supportable royalty rate is determined, the rate is then applied to the projected revenues over the expected remaining life of the intangible assets to estimate the royalty savings. This approach is dependent on a number of factors, including estimates of future growth and trends, royalty rates, discount rates and other variables. The results of the 2019, 2018 and 2017 annual impairment tests indicated that the fair value of the Trade Name was in excess of its carrying value and no impairments existed.
Deferred Loan Costs			Deferred Loan Costs Costs incurred to issue debt are deferred and recorded in the consolidated balance sheets. Those costs related to the issuance of term loan facilities and senior notes are recorded in long-term debt, net of current maturities and amortized as a component of interest expense over the terms of the related debt agreement using the effective interest method. The costs related to the issuance of our revolving credit facilities are recorded in other noncurrent assets on the consolidated balance sheets and amortized as a component of interest expense over the terms of the related debt agreements using the straight-line method.
Derivative Instruments			Derivative Instruments We are exposed to interest rate risk, primarily related to changes in interest rates on our term loan (see Note 4) and have used interest rate swap agreements, which we have designated as “cash flow” hedges, to hedge against market risks relating to possible adverse changes in interest rates. We assess, both at the inception of the hedge and on an ongoing basis, whether derivatives used as hedging instruments are highly effective in offsetting the changes in the fair value or cash flow of the hedged items. If it is determined that a derivative is not highly effective as a hedge or ceases to be highly effective, we discontinue hedge accounting prospectively. Derivative financial instruments are recognized at fair value in the consolidated balance sheets (see Note 5 and Note 6). The changes in the fair value of derivative instruments designated as cash flow hedges are recorded in accumulated other comprehensive income, or AOCI, net of tax effects, and are subsequently reclassified to earnings when the hedged transaction affects earnings.
Self-Insurance			Self-Insurance We maintain deductibles or self-insurance retentions for workers’ compensation, general liability and employee health benefits. Additionally, we use the services of an independent actuary to assist in determining losses associated with workers’ compensation, general liability and employee health benefits. Liabilities associated with these losses are actuarially derived and estimated in part by considering historical claims experience, industry factors, severity factors, claim development, as well as other actuarial assumptions. If actual trends, including the severity or frequency of claims, medical cost inflation or fluctuations in premiums, differ from our estimates, it could have a material adverse impact on our results of operations. Changes in legal claims, claim development, trends and interpretations, variability in inflation rates, changes in the nature and method of claims settlement, benefit level changes due to changes in applicable laws, insolvency of insurance carriers and changes in discount rates could all adversely affect our ultimate expected losses. We believe the actuarial valuation provides the best estimate of the ultimate expected losses, and we have recorded the present value of the actuarially determined ultimate losses for the insurance related liabilities mentioned above.
Lease Incentives			Lease Incentives All of our stores, corporate office facilities, and warehouse and distribution centers are leased. We may receive reimbursement from a landlord for some or all of the cost of a construction project, which may be structured as a tenant improvement allowance, construction allowance or landlord reimbursement, or collectively, Lease Incentives. Prior to the New Lease Standard, if we were the deemed owner of the property during the construction period and the sale-leaseback criteria were met, any differences between fair value of the property and the sales price of the property, are deferred and recognized ratably as an adjustment to selling, general and administrative expenses in the consolidated statements of income over the term of the related lease. Under the New Lease Standard, the losses and gains from sale-leaseback transactions are no longer deferred, but instead recognized immediately. Upon transition to the new standard on February 3, 2019, the remaining deferred gains and losses related to our previous sale-leaseback transactions resulted in a cumulative effect adjustment to retained earnings (see Note 14). To date, the Company has not executed a sale-leaseback transaction under the New Lease Standard. Prior to the New Lease Standard, cash received from a landlord for tenant improvement allowances in store lease transactions not considered a sale-leaseback transaction were recorded in other long-term liabilities in the consolidated balance sheets and amortized as a reduction of rent expense in selling, general and administrative expenses in the consolidated statements of income over the term of the related lease. Under the New Lease Standard these receipts are a reduction to the right-of-use
Net Sales			Net Sales We sell merchandise under implicit contracts whereby the transaction price is the listed sales price less any discounts or coupons applied. Our typical coupons offer a discount, which is applied immediately at the time of purchase. However, under certain circumstances we may issue a coupon, or similar incentive, which contains a material future right. In such instances, a portion of the revenue is deferred and subsequently recognized when earned. Revenue from merchandise sales is recognized, net of sales tax, when the Company’s performance obligation to the customer is met, which is when the Company transfers control of the merchandise to the customer. Store merchandise sales are recognized at the point of sale. For e-commerce customer receipt, and accordingly online merchandise sales are recognized upon delivery of the merchandise to the customer. The Company does not extend a material amount of credit. The sales return allowance, which is our provision for anticipated merchandise returns, is provided through a reduction of sales and cost of goods sold on a gross basis in the period that the related sales are recorded. The sales return allowance and related liability are included in merchandise inventories and in accrued expenses and other liabilities, respectively, in our consolidated balance sheets. Merchandise returns are estimated based on historical experience.
Cost of Goods Sold			Cost of Goods Sold Cost of goods sold includes the direct cost of merchandise and costs related to procurement, warehousing and distribution and the related depreciation and amortization. These costs consist primarily of payroll and benefits, occupancy costs and freight.
Shipping and Handling Costs			Shipping and Handling Costs Shipping and handling costs billed to customers are included in net sales. Shipping and handling costs that we incur associated with shipping products to customers are included in cost of goods sold.
Vendor Allowances			Vendor Allowances Vendor allowances include volume purchase rebates, promotional and advertising allowances, cooperative advertising funds and support for new store openings. These allowances are generally determined for each fiscal year with the majority of allowances based on quantitative contract terms. Allowances related to the purchase of merchandise inventories are recorded as a reduction of cost of goods sold as the related merchandise is sold. Allowances for cooperative advertising and promotion programs and other expenses are recorded in selling, general and administrative expenses as a reduction of the related costs as the related expense is incurred. Any allowance in excess of actual costs incurred that are included in selling, general and administrative expenses, or that do not require proof of performance, are recorded as a reduction of cost of sales. For volume purchase rebates, we record an estimate of vendor allowances earned based on the latest projected purchase volumes.
Selling, General and Administrative Expenses			Selling, General and Administrative Expenses Selling, general and administrative expenses include store and corporate administrative payroll and payroll benefits, store and corporate headquarters occupancy costs, advertising, credit card processing, information technology, pre-opening
Advertising Expenses			Advertising Expenses Advertising costs are expensed as incurred. Advertising expenses, net of specific vendor allowances, were $142.3 million, $139.1 million and $140.8 million in 2019, 2018 and 2017, respectively.
Pre-Opening Expenses			Pre-Opening Non-capital Pre-opening
Deferred Rent			Deferred Rent Substantially all of our leases contain landlord incentives and escalation clauses. Where a lease contains an escalation clause calling for increased rent, or a landlord incentive such as a rent holiday, rent expense is recognized using the straight-line method over the term of the lease. With the adoption of the New Lease Standard on February 3, 2019, the deferred rent balances were netted into the right-of-use
Equity Compensation			Equity Compensation We account for equity compensation in accordance with Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, topic 718, Compensation-Stock Compensation
Income Taxes			Income Taxes The Company is a flow through entity for federal income tax purposes, and thus no federal income tax expense has been recorded in the consolidated statements of income. Members of the Company are responsible for federal and state income taxes on their respective share of the Company’s profit and losses. When necessary the Company’s operating agreement requires it to make distributions, or loans under certain circumstances, to fund the tax obligations of its members. There were no distributions made 2019, 2018 and 2017. In 2019 and 2018, the Company loaned $4.0 million and $4.1 million, respectively, with notes receivable issued to a member (see Note 13). The Company is responsible for certain state and foreign income taxes and recognized expense of $2.8 million, $2.0 million and $2.8 million in 2019, 2018 and 2017, respectively. As of February 1, 2020 and February 2, 2019, the Company had no uncertain tax positions that required recognition in the consolidated financial statements. We account for deferred income taxes related to state jurisdictions using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future taxes attributable to the difference between financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets are also recognized for the future tax benefits attributable to the expected utilization of tax net operating loss carry forwards and tax credits. In the event future utilization is determined to be unlikely, a valuation allowance is provided to reduce the tax benefits from such assets. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the period in which the temporary differences and carry forwards are expected to be recovered or settled. Deferred tax assets and deferred tax liabilities are recorded in other noncurrent assets and other long-term liabilities, respectively, in our consolidated balance sheets. The effect of a change in tax rates is recognized in the period which includes the enactment date. We recognize interest and penalties as a component of income tax expense.
Comprehensive Income			Comprehensive Income Comprehensive income represents the net income for the period plus the results of certain changes to partners’ equity (other comprehensive income) that are not reflected in the consolidated statements of income. Other comprehensive income consists of adjustments, net of tax, related to the Company’s interest rate swaps.
Operating Segment			Operating Segment Given the similar business activities, economic characteristics, products sold, customer base and methods of procurement, as well as the similar marketing and promotional activities of our stores and our academy.com
Recently Adopted Accounting Standards			Recently Adopted Accounting Standards Leases Effective February 3, 2019, we adopted the New Lease Standard, which requires that lessees recognize assets and liabilities arising from operating leases on the balance sheet and disclose key information about leasing arrangements. We elected the practical expedient available to us under ASU 2018-11, “Leases: Targeted Improvements” right-of-use

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables) - New Academy Holding Company, LLC	12 Months Ended
	Feb. 01, 2020
Unaudited basic and diluted pro forma net income per share	The table below sets forth the computation of the Company’s unaudited basic and diluted pro forma net income per share for 2019: PRO FORMA NET INCOME PER SHARE: (In thousands, except for share and per share data) Basic Diluted Pro forma net income $ 89,942 $ 89,942 Weighted average shares of common stock outstanding after giving effect to the Reorganization Transactions 72,477,381 74,796,545 Adjustment to weighted average shares of common stock outstanding related to the Distribution 10,535,154 10,535,154 Pro forma weighted average shares of common stock outstanding 83,012,535 85,331,699 Pro forma net income per share $ 1.08 $ 1.05
Property Plant and Equipment Useful Life	Depreciation and amortization is computed using the straight-line method over the asset’s useful life, which is generally determined by asset category as follows: Leasehold improvements Lesser of asset useful life or lease term Software and computer equipment 2–5 years Other equipment 5–10 years Furniture and fixtures 7–10 years

Net Sales (Tables)

Net Sales (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Disaggregation of Revenue	The following table sets forth the approximate amount of sales by merchandise divisions for the periods presented (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Merchandise division sales (1) Outdoors $ 487,401 $ 364,944 $ 1,448,987 $ 1,002,138 Sports and recreation 263,506 196,592 919,699 721,665 Apparel 318,731 322,375 939,388 951,385 Footwear 272,626 255,649 762,174 769,857 Total merchandise sales (2) 1,342,264 1,139,560 4,070,248 3,445,045 Other sales (3) 6,812 5,643 21,549 14,360 Net Sales $ 1,349,076 $ 1,145,203 $ 4,091,797 $ 3,459,405 (1) Certain products and categories were recategorized amongst various categories and divisions, respectively, to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions in the thirteen and thirty-nine weeks ended November 2, 2019 for comparability purposes. This reclassification is in divisional presentation only and did not impact the overall net sales balances previously disclosed (see Note 2). (2) E-commerce (3) Other sales consisted primarily of the sales return allowance, gift card breakage income, credit card bounties and royalties, shipping income, net hunting and fishing license income and other items.
Reconciliation of Gift Card Liability	The following is a reconciliation of the gift card liability (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Gift card liability, beginning balance $ 55,410 $ 50,631 $ 67,993 $ 66,153 Issued 14,910 19,382 47,524 63,883 Redeemed (17,861 ) (21,773 ) (61,574 ) (80,006 ) Recognized as breakage income (370 ) (585 ) (1,854 ) (2,375 ) Gift card liability, ending balance $ 52,089 $ 47,655 $ 52,089 $ 47,655
New Academy Holding Company, LLC
Disaggregation of Revenue		The following table sets forth the approximate amount of sales by merchandise divisions for the periods presented (amounts in thousands): Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Merchandise division sales (1) Outdoors $ 1,522,985 $ 1,544,021 $ 1,583,183 Sports and recreation 859,868 900,347 939,464 Apparel 1,405,258 1,321,035 1,311,054 Footwear 1,021,603 997,692 986,887 Total merchandise sales (2) 4,809,714 4,763,095 4,820,588 Other sales (3) 20,183 20,798 14,994 Net sales $ 4,829,897 $ 4,783,893 $ 4,835,582 (1) Certain products and categories were recategorized amongst categories and divisions during 2019 in order to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions for 2018 and 2017 for comparability purposes. This reclassification is in presentation only and did not impact the overall net sales balances previously disclosed (see Note 2). (2) E-commerce (3) Other sales consists primarily of the sales return allowance, gift card breakage income, credit card bounties and royalties, shipping income, net hunting and fishing license income and other items.
Reconciliation of Gift Card Liability		The following is a reconciliation of the gift card liability (amounts in thousands): Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Gift card liability, beginning balance $ 66,153 $ 59,724 $ 51,493 Issued 134,839 153,429 147,004 Redeemed (128,638 ) (142,742 ) (134,580 ) Recognized as breakage income (4,361 ) (4,258 ) (4,193 ) Gift card liability, ending balance $ 67,993 $ 66,153 $ 59,724

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Schedule of Lond-term Debt	Our debt consisted of the following (amounts in thousands) as of: October 31, 2020 February 1, 2020 November 2, 2019 Senior Secured Asset-Based Revolving Credit Facility $ — $ — $ 44,300 Senior Secured Term Loan Facility, due July 2022 net of discount of $1.8 million, $2.6 million and $2.9 million, respectively 1,429,667 1,466,402 1,470,695 Total debt 1,429,667 1,466,402 1,514,995 Less current maturities (18,250 ) (34,116 ) (18,250 ) Less deferred loan costs (1) (2,532 ) (3,744 ) (4,136 ) Total long-term debt $ 1,408,885 $ 1,428,542 $ 1,492,609 (1) These costs are related to the 2015 Term Loan Facility. The following table provides further detail regarding these repurchases (amounts in millions): Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 Gross principal repurchased $ 23.9 $ 147.7 Reacquisition price of debt $ 16.0 $ 104.6 Net gain recognized $ 7.8 $ 42.3
New Academy Holding Company, LLC
Schedule of Lond-term Debt		Our debt consisted of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Senior Secured Asset-Based Revolving Credit Facility $ — $ — Senior Secured Term Loan Facility, due July 2022 net of discount of $2.6 million and $4.0 million, respectively 1,466,402 1,630,890 Total debt 1,466,402 1,630,890 Less current maturities (34,116 ) (68,305 ) Less deferred loan costs (1) (3,744 ) (5,830 ) Total long-term debt $ 1,428,542 $ 1,556,755 (1) These costs are related to the 2015 Term Loan Facility (as defined below). The following table provides further detail regarding these repurchases (amounts in millions): Fiscal Year Ended February 1, 2020 February 3, 2018 Gross principal repurchased $ 147.7 $ 26.2 Reacquisition price of debt $ 104.6 $ 19.7 Net gain recognized $ 42.3 $ 6.3
Summary of Scheduled Principal Payment on Debt		As of February 1, 2020, scheduled principal payments on our debt are as follows (amounts in thousands): Fiscal Year 2020 $ 34,116 2021 18,250 2022 1,416,627 Total $ 1,468,993

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Summary of Interest Rate Swaps	A summary of our interest rate swaps is as follows (dollar amounts in thousands): Notional Amount Fixed Rate Effective Date Termination Date $ 250,000 (1) 2.21 % September 7, 2016 September 3, 2021 $ 250,000 1.54 % November 1, 2016 November 1, 2021 $ 400,000 2.54 % March 1, 2018 March 1, 2021 (1) The initial $600,000 notional amount of the swap amortizes to $525,000, $430,000, $320,000 and $250,000 on September 3, 2017, 2018, 2019 and 2020, respectively.
Fair Value of Interest Rate Swaps	The fair value of these interest rate swaps is as follows (amounts in thousands) as of: October 31, 2020 February 1, 2020 November 2, 2019 Derivatives designated as hedging instruments Assets Amounts included in other current assets $ — $ — $ 190 Liabilities Amounts included in accrued expenses and other current liabilities 1,198 6,130 5,184 Amounts included in other long-term liabilities 136 1,976 2,501 Total derivatives designated as hedging instruments net liability $ (1,334 ) $ (8,106 ) $ (7,495 ) Derivatives not designated as hedging instruments Liabilities Amounts included in accrued expenses and other current liabilities $ 4,548 $ — $ — Total derivatives not designated as hedging instruments (4,548 ) — — Total derivatives net liability $ (5,882 ) $ (8,106 ) $ (7,495 )
Impact of Gains and Losses Related to Interest Rate Swaps	The impact of gains and losses related to interest rate swaps that are deferred into AOCI and subsequently reclassified into interest expense or other (income) expense, net is as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Accumulated Other Comprehensive Income (Loss), beginning $ (8,339 ) $ (6,284 ) $ (8,066 ) $ 8,448 Loss deferred into AOCI (net of tax impact of $53) (278 ) (1,317 ) (5,318 ) (14,459 ) Increase (decrease) to interest expense (net of tax impact of $221) 2,590 146 7,357 (1,444 ) Loss on swaps from debt refinancing in other (income) expense, net (net of tax impact of $330) 1,000 — 1,000 — Accumulated Other Comprehensive Income (Loss), ending $ (5,027 ) $ (7,455 ) $ (5,027 ) $ (7,455 )
New Academy Holding Company, LLC
Summary of Interest Rate Swaps		A summary of our interest rate swaps is as follows (dollar amounts in thousands): Notional Amount Fixed Rate Effective Date Termination Date $320,000 (1) 2.21% September 7, 2016 September 3, 2021 $250,000 1.54% November 1, 2016 November 1, 2021 $400,000 2.54% March 1, 2018 March 1, 2021 (1) The initial $600,000 notional amount of the swap amortizes to $525,000, $430,000, $320,000 and $250,000 on September 3 of 2017, 2018, 2019 and 2020, respectively.
Fair Value of Interest Rate Swaps		The fair value of the interest rate swaps is as follows (amounts in thousands) as of: February 1, 2020 February 2, 2019 Assets Amounts included in other current assets $ — $ 3,386 Amounts included in other noncurrent assets — 5,355 Liabilities Amounts included in accrued expenses and other current liabilities 6,130 75 Amounts included in other long-term liabilities 1,976 258 Total swap net assets (liabilities) $ (8,106 ) $ 8,408
Impact of Gains and Losses Related to Interest Rate Swaps		The impact of gains and losses related to interest rate swaps that are deferred into AOCI and subsequently reclassified into interest expense is as follows (amounts in thousands): Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Gain (loss) deferred into AOCI $ (16,096 ) $ (2,625 ) $ 5,876 Increase (decrease) to interest expense $ (418 ) $ 1,106 $ 7,497

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Fair Value Measurements, Recurring and Nonrecurring	The following table provides the fair value hierarchy for our derivative financial instruments (amounts in thousands) as of: Fair Value Hierarchy October 31, 2020 February 1, 2020 November 2, 2019 Assets Interest rate swap Level 2 $ — $ — $ 190 Liabilities Interest rate swap Level 2 $ 5,882 $ 8,106 $ 7,685
New Academy Holding Company, LLC
Fair Value Measurements, Recurring and Nonrecurring		The following table provides the fair value hierarchy for our derivative financial instruments (amounts in thousands) as of: Fair Value Hierarchy February 1, 2020 February 2, 2019 Assets Interest rate swap Level 2 $ — $ 8,741 Liabilities Interest rate swap Level 2 $ 8,106 $ 333

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Property and Equipment	Property and equipment consists of the following (amounts in thousands) as of: October 31, February 1, November 2, Leasehold improvements $ 435,094 $ 436,807 $ 433,266 Equipment and software 543,147 537,364 527,845 Furniture and fixtures 317,371 316,420 314,909 Construction in progress 27,979 17,639 21,197 Land 3,698 3,698 3,698 Total property and equipment 1,327,289 1,311,928 1,300,915 Accumulated depreciation and amortization (944,669 ) (870,521 ) (846,509 ) Property and equipment, net $ 382,620 $ 441,407 $ 454,406
New Academy Holding Company, LLC
Property and Equipment		Property and equipment consists of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Leasehold improvements $ 436,807 $ 419,885 Equipment and software 537,364 496,089 Furniture and fixtures 316,420 304,784 Construction in progress and land 17,639 35,533 Land 3,698 3,698 Total property and equipment 1,311,928 1,259,989 Accumulated depreciation and amortization (870,521 ) (763,836 ) Property and equipment, net $ 441,407 $ 496,153

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Feb. 01, 2020
New Academy Holding Company, LLC
Summary of Intangible Assets	Intangible assets consist of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Assets subject to amortization: Favorable lease rights, net $ — $ 15,067 Assets not subject to amortization: Trade name 577,000 577,000 Trade name and other intangible assets, net $ 577,000 $ 592,067

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: October 31, February 1, November 2, Accrued interest $ 6,996 $ 7,835 $ 3,261 Accrued personnel costs 72,995 54,065 41,237 Accrued professional fees 6,041 2,451 2,787 Accrued sales and use tax 18,590 12,651 18,041 Accrued self-insurance 13,136 14,107 13,912 Deferred revenue - gift cards and other 54,557 70,220 49,603 Income taxes payable 19,197 4,941 4,575 Interest rate swaps 5,746 6,129 5,184 Property taxes 49,679 16,919 50,066 Sales return allowance 5,000 5,500 5,500 Other 22,675 16,563 25,826 Accrued expenses and other current liabilities $ 274,612 $ 211,381 $ 219,992
New Academy Holding Company, LLC
Schedule of Accrued Expenses and Other Current Liabilities		Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: February 1, 2020 February 2, 2019 Accrued personnel costs $ 54,065 $ 36,955 Accrued interest 7,835 3,574 Accrued sales and use tax 12,651 7,521 Accrued self-insurance 14,107 14,632 Property taxes 16,919 16,941 Deferred revenue—gift cards and other 70,220 67,527 Sales return allowance 5,500 5,800 Other 30,084 31,191 Accrued expenses and other current liabilities $ 211,381 $ 184,141

Equity and Share-Based Compen_2

Equity and Share-Based Compensation (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Assumptions and Grant Date Fair Values for Options Granted	The following table presents the assumptions and grant date fair values for Service Options granted in the thirty-nine weeks ended October 31, 2020: Expected life in years 6.2 Expected volatility 53% to 54 % Weighted-average volatility 53 % Risk-free interest rate 0.39% to 0.76 % Dividend yield —
Summary of Service-Based Unit Options	The following table presents the Award grants during the thirty-nine weeks ended October 31, 2020: Service Service Liquidity Performance Number of shares (1) 1,417,961 11,564 1,185,474 12,772 Weighted average grant date fair value per Award $ 8.48 $ 17.30 $ 17.99 $ 13.04 Weighted average exercise price per Award $ 16.87 N/A N/A N/A (1) See Retrospective Presentation of Ownership Exchange in Note 2.
Unrecognized Compensation Cost	The following table presents the unrecognized compensation cost as of October 31, 2020: Service Performance Service Liquidity Performance Remaining expense $ 18,952,974 $ 883,794 $ 68,493 $ 18,037,924 $ 159,999 Weighted average life remaining in years 2.7 2.3 0.4 2.1 1.6
New Academy Holding Company, LLC
Assumptions and Grant Date Fair Values for Options Granted		The following table presents the assumptions and grant date fair values for Service Options and Performance Options granted in 2019, 2018 and 2017: Fiscal Year Ended February 1, 2020 February 2, 2019 February 3, 2018 Expected life in years 6.2 6.2 6.2 Expected volatility 52% 50% to 55% 52% to 57% Weighted-average volatility 52.0% 54.1% 53.1% Risk-free interest rate 1.4% to 2.5% 2.6% to 2.9% 1.8% to 2.2% Dividend yield — — — Weighted-average grant date fair value - Service Options $2.75 $2.85 $3.10 Weighted-average grant date fair value - Performance Options $2.74 $2.84 $3.11
Summary of Service-Based Unit Options		Service-Based Unit Options (1) Unit Weighted Weighted Aggregate Outstanding as of January 28, 2017 12,049,440 $ 3.66 6.2 $ 30,857 Granted or modified 4,126,204 5.92 Canceled or modified (533,211 ) 5.83 Forfeited (1,301,531 ) 6.00 Exercised — — Outstanding as of February 3, 2018 14,340,902 $ 4.02 6.0 $ 18,415 Granted or modified 9,654,571 5.29 Canceled or modified (5,898,381 ) 5.99 Forfeited (2,486,813 ) 5.52 Exercised — — Outstanding as of February 2, 2019 15,610,279 $ 3.82 5.7 $ 33,157 Granted or modified 4,365,143 5.27 Canceled or modified (601,974 ) 4.60 Forfeited (1,133,977 ) 5.23 Exercised — — Outstanding as of February 1, 2020 (2) 18,239,471 $ 4.05 5.5 $ 28,855 Exercisable as of February 1, 2020 11,225,459 $ 3.29 3.6 $ 26,584 (1) The fair value of a membership unit as of each period end was $6.07, $4.40, $5.91, $5.59, for the fiscal years ended 2016, 2017, 2018, and 2019, respectively. (2) The Company has elected to recognize forfeitures as they occur. Therefore, the number of awards vested and expected to vest is equal to the awards outstanding.
Summary of Performance-Based Unit Options		Performance-Based Unit Options (1) Unit Weighted Weighted Aggregate Outstanding as of January 28, 2017 9,959,420 $ 3.14 5.5 $ 31,031 Granted or modified 1,232,128 5.95 Canceled or modified (436,759 ) 5.71 Forfeited (852,432 ) 6.48 Exercised — — Outstanding as of February 3, 2018 9,902,357 $ 3.09 4.8 $ 18,658 Granted or modified 3,272,337 5.29 Canceled or modified (2,258,138 ) 5.86 Forfeited (1,231,868 ) 5.59 Exercised — — Outstanding as of February 2, 2019 9,684,688 $ 2.86 4.1 $ 29,960 Granted or modified 1,335,436 5.27 Canceled or modified (228,718 ) 3.90 Forfeited (563,830 ) 5.27 Exercised — — Outstanding as of February 1, 2020 (2) 10,227,576 $ 3.02 3.6 $ 26,838 Exercisable as of February 1, 2020 7,760,964 $ 2.31 2.0 $ 26,061 (1) The fair value of a membership unit as of each period end was $6.07, $4.40, $5.91, $5.59, for the fiscal years ended 2016, 2017, 2018, and 2019, respectively. (2) The Company has elected to recognize forfeitures as they occur. Therefore, the number of awards vested and expected to vest is equal to the awards outstanding.
Summary of Restricted Unit Activity		Restricted Unit activity is as follows: Restricted Units Units Weighted Non-vested 1,374,348 $ 6.00 Granted 29,022 6.03 Vested (8,238 ) 6.07 Non-vested 1,395,132 $ 6.00 Granted 2,769,316 5.34 Vested (34,704 ) 5.90 Forfeited (782,295 ) 5.79 Non-vested 3,347,449 $ 5.50 Granted 180,610 5.26 Vested (57,363 ) 5.26 Forfeited (141,510 ) $ 5.30 Non-vested 3,329,186 $ 5.50

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Earnings Per Common Share	Basic and diluted weighted average common shares outstanding and basic and diluted earnings per common share are calculated as follows (dollar and share amounts in thousands except per share amounts): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Net income $ 59,586 $ 28,552 $ 217,242 $ 102,305 Weighted average common shares outstanding - basic (1) 76,771 72,484 73,908 72,480 Dilutive effect of Service Restricted Units and Service Restricted Stock Units (1) 6 6 9 9 Dilutive effect of Performance Restricted Units, Liquidity Event Restricted Units and Performance Restricted Stock Units (1) 1,423 — 991 — Dilutive effect of Service Options (1) 1,081 1,271 871 824 Dilutive effect of Performance Unit Options and Performance Stock Options (1) 1,433 1,440 1,392 1,453 Weighted average common shares outstanding - diluted (1) 80,714 75,201 77,171 74,766 Earnings per common share - basic $ 0.78 $ 0.39 $ 2.94 $ 1.41 Earnings per common share - diluted $ 0.74 $ 0.38 $ 2.82 $ 1.37 Anti-dilutive stock-based awards excluded from diluted calculation (1) 4,460 4,153 1,648 578 (1) See Retrospective Presentation of Ownership Exchange in Note 2.
New Academy Holding Company, LLC
Earnings Per Common Share		Basic and dilutive units outstanding are calculated as follows (dollar amounts in thousands except per unit amounts): Fiscal Year Ended February 1, February 2, February 3, Net income $ 120,043 $ 21,442 $ 58,501 Weighed average units outstanding - basic 228,303,750 228,160,508 227,942,148 Dilutive effect of Restricted Units 35,376 51,417 19,608 Dilutive effect of Service Options 2,886,601 4,036,699 4,062,335 Dilutive effect of Performance 4,383,391 4,625,349 4,780,630 Weighed average units outstanding - diluted 235,609,118 236,873,973 236,804,721 Earnings per unit - basic $ 0.53 $ 0.09 $ 0.26 Earnings per unit - diluted $ 0.51 $ 0.09 $ 0.25 Anti-dilutive stock-based awards excluded form diluted calculation 1,833,855 7,485,706 10,150,627

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Schedule of Provision for Income Taxes	The components of the income tax expense (benefit) are as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Current tax expense: Federal $ 8,369 $ — $ 8,369 $ — State 2,168 575 3,656 2,135 Foreign 9 13 39 25 Total current tax expense 10,546 588 12,064 2,160 Deferred tax expense: Federal (10,024 ) — (10,024 ) — State (1,715 ) (59 ) (1,715 ) (223 ) Foreign — (23 ) — (23 ) Total deferred tax benefit (11,739 ) (82 ) (11,739 ) (246 ) Total tax expense (benefit) $ (1,193 ) $ 506 $ 325 $ 1,914
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate is as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Federal income tax at the statutory rate 21.0 % 21.0 % 21.0 % 21.0 % State income tax, net of federal benefit 0.8 1.8 0.9 1.8 Effect of pre-IPO (23.1 ) (21.0 ) (21.6 ) (21.0 ) Effect of permanent items (0.7 ) — (0.2 ) 0.0 Other, including foreign 0.0 — 0.0 0.0 Effective income tax rate (2.0 )% 1.8 % 0.1 % 1.8 %
Schedule of Deferred Tax Assets and Liabilities	Components of deferred tax assets and liabilities consist of the following: October 31, February 1, November 2, Deferred tax assets: Other $ 127 $ 220 $ 764 Total deferred tax assets 127 220 764 Deferred tax liabilities: Investment in NAHC (132,828 ) — — Total deferred tax liabilities (132,828 ) — — Net deferred tax asset (liability) $ (132,701 ) $ 220 $ 764
New Academy Holding Company, LLC
Schedule of Provision for Income Taxes		The income tax provision consists of the following (amounts in thousands) as of: Fiscal Year Ended February 1, February 2, February 3, Current expense: U.S. Federal $ — $ — $ — U.S. State 2,501 2,412 2,580 Foreign 19 33 54 Total current expense 2,520 2,445 2,634 Deferred expense (benefit): U.S. Federal — — — U.S. State 318 (514 ) 145 Foreign (21 ) 20 2 Change in valuation allowance — — — Total deferred expense (benefit) 297 (494 ) 147 Income tax expense $ 2,817 $ 1,951 $ 2,781
Schedule of Effective Income Tax Rate Reconciliation		The provision for income taxes differs from the amounts computed by applying the federal statutory rate (dollar amounts in thousands) as follows: Fiscal Year Ended February 1, February 2, February 3, Income before income taxes $ 122,860 $ 23,393 $ 61,282 Tax at federal statutory rate (21% for 2019, 21% for 2018 and 33.8% for 2017) 25,801 4,913 20,731 Increase in tax expense resulting from: State income tax 2,818 1,898 2,725 Foreign tax (1 ) 53 56 Effect of rates due to pass through entities (25,801 ) (4,913 ) (20,731 ) Income tax expense $ 2,817 $ 1,951 $ 2,781 Effective income tax rate 2.3 % 8.3 % 4.5 %
Schedule of Deferred Tax Assets and Liabilities		The components that give rise to significant portions of the net deferred tax assets and liabilities are presented below (amounts in thousands) as of: February 1, February 2, Deferred tax assets: Tax credits $ 2,749 $ 2,741 Other 944 985 Total gross deferred tax assets 3,693 3,726 Deferred tax liabilities: Intangibles and depreciation 2,760 2,767 Inventories and other 713 442 Total gross deferred tax liabilities 3,473 3,209 Net deferred tax asset $ 220 $ 517

Leases (Tables)

Leases (Tables)	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Components of Lease Expense and Sublease Income	The components of lease expense and sublease income included in selling, general and administrative (“SG&A”) expenses on our statement of income is as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Operating lease expense $ 49,272 $ 49,159 $ 147,528 $ 146,039 Short-term lease expense — — — — Variable lease expense 1,709 1,956 3,527 5,805 Sublease income (115 ) (403 ) (641 ) (1,205 ) Net lease expense $ 50,866 $ 50,712 $ 150,414 $ 150,639 Information about our operating leases is as follows (dollar amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 31, November 2, October 31, November 2, Right-of-use $ 13,477 $ 32,520 $ 84,595 $ 55,562 Cash paid for amounts included in the measurement of lease liabilities $ 48,092 $ 48,283 $ 130,274 $ 143,848 October 31, November 2, Weighted-average remaining lease term in years 11.2 10.9 Weighted-average incremental borrowing rate 9.09 % 8.88 %
Remaining Maturities of Lease Liabilities	The remaining maturities of lease liabilities by fiscal year are as follows (amounts in thousands): October 31, 2020 $ 48,759 2021 196,666 2022 194,316 2023 186,750 2024 178,462 2025 172,512 After 2025 1,051,915 Total payments (1) 2,029,380 Less: Interest (778,599 ) Present value of lease liabilities $ 1,250,781 (1) Minimum lease payments have not been reduced by sublease rentals of $1.9 million as of October 31, 2020 due in the future under non-cancelable
New Academy Holding Company, LLC
Summary of Balance Sheet Impact of Implementation of New Lease Standard Upon Adoption		The following table reflects the balance sheet impact of the implementation of the New Lease Standard upon adoption (amounts in thousands): As of Adoption As of Assets: Prepaid expenses and other current assets (1) $ 39,937 $ (15,778 ) $ 24,159 Right-of-use — 1,173,741 1,173,741 Trade name and other intangible assets, net (1) 592,067 (15,067 ) 577,000 Other noncurrent assets (1)(2) 21,545 (2,826 ) 18,719 Liabilities and Partners’ Equity: Current lease liabilities — 84,849 84,849 Long-term lease liabilities — 1,154,697 1,154,697 Other long-term liabilities (1) (2) 122,795 (104,551 ) 18,244 Retained earnings (2) $ 553,282 $ 5,075 $ 558,357 (1) The difference between the additional lease assets and lease liabilities relates to certain prepaid or deferred rents, lease incentives and purchase accounting related fair market value lease adjustments which were adjusted out of the accounts above and were netted into the right-of-use (2) As of February 2, 2019 we had a deferred loss in other noncurrent assets and deferred gain in other long-term liabilities related to previous sale-leaseback transactions, which upon transition resulted in a cumulative-effect adjustment to retained earnings.
Components of Lease Expense and Sublease Income		The components of lease expense and sublease income included in selling, general and administrative, or SG&A, expenses on our statement of income is as follows (amounts in thousands): Fiscal year ended February 1, 2020 Operating lease expense $ 195,301 Short-term lease expense — Variable lease expense 7,736 Sublease income (1,591 ) Net lease expense $ 201,446 Information about our operating leases is as follows (dollar amounts in thousands): Fiscal year ended February 1, 2020 Right-of-use $ 57,383 Cash paid for amounts included in the measurement of lease liabilities $ 192,849 As of Weighted-average remaining lease term in years 10.7 Weighted-average incremental borrowing rate 8.89 %
Remaining Maturities of Lease Liabilities		The remaining maturities of lease liabilities by fiscal year as of February 1, 2020 are as follows (amounts in thousands): 2020 $ 196,088 2021 195,323 2022 190,609 2023 181,499 2024 171,720 2025 164,071 After 2025 834,644 Total lease payments (1) 1,933,954 Less: Interest (715,729 ) Present value of lease liabilities $ 1,218,225 (1) Minimum lease payments have not been reduced by sublease rentals of $1.6 million due in the future under non-cancelable
Summary of Future Minimum Payments Under Operating Lease Obligations		Future minimum payments determined under the previous accounting standards for operating lease obligations, including committed leases that had not yet commenced, as of February 2, 2019, were as follows (in thousands): 2019 $ 192,632 2020 193,878 2021 192,610 2022 188,048 2023 177,750 Thereafter 1,172,506 Total minimum lease payments (1) 2,117,424 Lease minimum sublease income (7,719 ) Net minimum lease payments $ 2,109,705 (1) Minimum lease payments have not been reduced by sublease rentals of $7.7 million due in the future under non-cancelable

Valuation and Qualifying Acco_2

Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Feb. 01, 2020
New Academy Holding Company, LLC
Schedule of Valuation And Qualifying Accounts	(amounts in thousands) Balance at Charged Deductions Balance February 1, 2020: Allowance for doubtful accounts $ 3,008 $ 499 $ (232 ) (1) $ 3,275 Sales return allowance 5,800 9,400 (2) (9,700 ) (2) 5,500 Inventory shrink adjustments 19,271 62,975 (69,355 ) (3) 12,891 Self-insurance reserves 22,807 61,220 (61,598 ) (4) 22,429 February 2, 2019: Allowance for doubtful accounts $ 2,616 $ 1,020 $ (628 ) (1) $ 3,008 Sales return allowance 6,500 9,400 (2) (10,100 ) (2) 5,800 Inventory shrink adjustments 14,683 69,047 (64,459 ) (3) 19,271 Self-insurance reserves 19,942 62,000 (59,135 ) (4) 22,807 February 3, 2018: Allowance for doubtful accounts $ 3,410 $ 1,900 $ (2,694 ) (1) $ 2,616 Sales return allowance 6,100 9,100 (2) (8,700 ) (2) 6,500 Inventory shrink adjustments 5,976 93,248 (84,541 ) (3) 14,683 Self-insurance reserves 18,027 67,419 (65,504 ) (4) 19,942 (1) Represents write-offs to the reserve. (2) Represents the monthly increase (decrease) in the required reserve based on the Company’s evaluation of anticipated merchandise returns. (3) Represents the actual inventory shrinkage experienced at the time of physical inventories. (4) Represents claim payments for self-insured claims.

Selected Quarterly Financial _2

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Feb. 01, 2020
New Academy Holding Company, LLC
Schedule of Quarterly Financial Information	(amounts in thousands) 1st 2nd 3rd 4th 2019: Net sales $ 1,076,792 $ 1,237,410 $ 1,145,203 $ 1,370,492 Gross margin 312,996 385,204 362,422 370,532 Selling, general and administrative expenses 301,602 312,570 309,246 328,315 Operating income 11,394 72,634 53,176 42,217 Interest expense, net 27,037 25,549 24,585 24,136 Gain on early retirement of debt, net (41,138 ) (1,127 ) — — Net income $ 25,406 $ 48,347 $ 28,552 $ 17,738 2018: Net sales $ 1,119,480 $ 1,262,207 $ 1,060,188 $ 1,342,018 Gross margin 320,356 387,130 328,333 332,133 Selling, general and administrative expenses 295,278 317,164 300,195 326,365 Operating income 25,078 69,966 28,138 5,768 Interest expense, net 26,795 27,173 27,076 27,608 Net income (loss) $ (976 ) $ 42,103 $ 1,773 $ (21,458 )

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail) $ / shares in Units, $ in Millions	Oct. 06, 2020USD ($)$ / sharesshares	Oct. 31, 2020LocationStateDistributionCenter$ / shares	Jun. 30, 2020$ / shares	Feb. 01, 2020LocationStateDistributionCenter
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of retail locations | Location		259
Number of states | State		16
Number of distribution centers | DistributionCenter		3
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Stock issuance costs | $	$ 6.1
Conversion ratio	3.15
IPO
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued in transaction (in shares) | shares	15,625,000
Common stock, par value (in dollars per share)	$ 0.01
Price per share (in dollars per share)	12.22
Offering price, net of underwriting discounts (in dollars per share)	$ 13
Net proceeds from sale of stock | $	$ 184.9
KKR
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock issuance costs | $	$ 2.7
Affiliates of KKR
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership interest	69.90%
New Academy Holding Company, LLC
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of retail locations | Location				259
Number of states | State				16
Number of distribution centers | DistributionCenter				3
Ownership interest				100.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Thousands	Oct. 06, 2020	Aug. 28, 2020USD ($)	Oct. 31, 2020USD ($)$ / sharesshares	Nov. 02, 2019USD ($)	Oct. 31, 2020USD ($)$ / sharesshares	Nov. 02, 2019USD ($)	Feb. 01, 2020USD ($)Vendor$ / sharesshares	Feb. 02, 2019USD ($)	Feb. 03, 2018USD ($)	Jun. 30, 2020$ / sharesshares
Accounting Policies [Abstract]
Distribution		$ 257,000			$ 257,000
Reclassifications of Temporary to Partner's Equity			$ 2,977	$ 14,930
Capitalized interest amount			100	200	400	$ 500
Income tax expense			$ (1,193)	$ 506	$ 325	$ 1,914
Conversion ratio	3.15
Common stock, par value (in dollars per share) | $ / shares			$ 0.01		$ 0.01					$ 0.01
Common stock, authorized (in shares) | shares			300,000,000		300,000,000					1,000
New Academy Holding Company, LLC
Accounting Policies [Abstract]
Pro forma Tax Expense, percentage							24.50%
Distribution		$ 257,000					$ 257,000
Weighted average shares of common stock outstanding after giving effect to the Reorganization Transactions | shares							72,477,381
Weighted average shares of common stock outstanding after giving effect to the Reorganization Transactions | shares							74,796,545
Adjustment to weighted average shares of common stock outstanding related to the Distribution | shares							10,535,154
Share Price | $ / shares							$ 13
Equity Method Investment, Ownership Percentage							100.00%
Reclassifications of Temporary to Partner's Equity							$ 14,929
Capitalized interest amount							600	$ 1,300	$ 1,400
Impaired assets								1,408	2,477
Impairment of goodwill							0	0	0
Advertising expense							142,300	139,100	140,800
Pre-opening costs							3,200	3,400	10,800
Company loans							4,000	4,100
Income tax expense							2,817	1,951	2,781
Additional lease							1,200,000
Finance lease right of use asset							1,200,000
Increase in retained earnings							5,100
New Academy Holding Company, LLC | Property and Equipment
Accounting Policies [Abstract]
Capitalized computer software							$ 12,900	$ 13,800	$ 21,000
New Academy Holding Company, LLC | Customer Concentration Risk
Accounting Policies [Abstract]
Number Of Vendors | Vendor							1,300
Concentration Risk, Supplier, Purchases							14.00%	13.00%	14.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Unaudited basic and diluted pro forma net income per share (Detail) - New Academy Holding Company, LLC $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 01, 2020USD ($)$ / sharesshares
Pro forma, net income per share, Basic
Pro forma net income | $	$ 89,942
Weighted average shares of common stock outstanding after giving effect to the Reorganization Transactions	72,477,381
Adjustment to weighted average shares of common stock outstanding related to the Distribution	10,535,154
Pro forma weighted average shares of common stock outstanding	83,012,535
Pro forma net income per share | $ / shares	$ 1.08
Pro forma, net income per share, Diluted
Pro forma net income | $	$ 89,942
Weighted average shares of common stock outstanding after giving effect to the Reorganization Transactions , Diluted	74,796,545
Adjustment to weighted average shares of common stock outstanding related to the Distribution, Diluted	10,535,154
Pro forma weighted average shares of common stock outstanding , Diluted	85,331,699
Pro forma net income per share, Diluted | $ / shares	$ 1.05

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Property Plant and Equipment Useful Life (Detail) - New Academy Holding Company, LLC	12 Months Ended
	Feb. 01, 2020
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life	Lesser of asset useful life or lease term
Software and Computer Equipment | Minimum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life	2 years
Software and Computer Equipment | Maximum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life	5 years
Other equipment | Minimum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life	5 years
Other equipment | Maximum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life	10 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life	7 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life	10 years

Net Sales - Disaggregation of R

Net Sales - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,349,076	$ 1,145,203	$ 4,091,797	$ 3,459,405
Customer Concentration Risk | Revenue from Contract with Customer Benchmark | E-Commerce
Disaggregation of Revenue [Line Items]
Percentage of sales	7.50%	4.50%	9.80%	3.80%
Outdoors
Disaggregation of Revenue [Line Items]
Net Sales	$ 487,401	$ 364,944	$ 1,448,987	$ 1,002,138
Sports and recreation
Disaggregation of Revenue [Line Items]
Net Sales	263,506	196,592	919,699	721,665
Apparel
Disaggregation of Revenue [Line Items]
Net Sales	318,731	322,375	939,388	951,385
Footwear
Disaggregation of Revenue [Line Items]
Net Sales	272,626	255,649	762,174	769,857
Total Merchandise
Disaggregation of Revenue [Line Items]
Net Sales	1,342,264	1,139,560	4,070,248	3,445,045
Other sales
Disaggregation of Revenue [Line Items]
Net Sales	$ 6,812	$ 5,643	$ 21,549	$ 14,360
New Academy Holding Company, LLC
Disaggregation of Revenue [Line Items]
Net Sales					$ 4,829,897	$ 4,783,893	$ 4,835,582
New Academy Holding Company, LLC | Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of sales					14.00%	13.00%	14.00%
New Academy Holding Company, LLC | Customer Concentration Risk | Revenue from Contract with Customer Benchmark | E-Commerce
Disaggregation of Revenue [Line Items]
Percentage of sales					5.10%	4.90%	4.00%
New Academy Holding Company, LLC | Outdoors
Disaggregation of Revenue [Line Items]
Net Sales					$ 1,522,985	$ 1,544,021	$ 1,583,183
New Academy Holding Company, LLC | Sports and recreation
Disaggregation of Revenue [Line Items]
Net Sales					859,868	900,347	939,464
New Academy Holding Company, LLC | Apparel
Disaggregation of Revenue [Line Items]
Net Sales					1,405,258	1,321,035	1,311,054
New Academy Holding Company, LLC | Footwear
Disaggregation of Revenue [Line Items]
Net Sales					1,021,603	997,692	986,887
New Academy Holding Company, LLC | Total Merchandise
Disaggregation of Revenue [Line Items]
Net Sales					4,809,714	4,763,095	4,820,588
New Academy Holding Company, LLC | Other sales
Disaggregation of Revenue [Line Items]
Net Sales					$ 20,183	$ 20,798	$ 14,994

Net Sales - Gift Card Liability

Net Sales - Gift Card Liability (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Change in Contract with Customer, Liability [Roll Forward]
Gift card liability, beginning balance	$ 55,410	$ 50,631	$ 67,993	$ 66,153	$ 66,153
Issued	14,910	19,382	47,524	63,883
Gift card liability, ending balance	52,089	47,655	52,089	47,655	67,993	$ 66,153
Total Merchandise
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income	(17,861)	(21,773)	(61,574)	(80,006)
Other sales
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income	$ (370)	$ (585)	(1,854)	(2,375)
New Academy Holding Company, LLC
Change in Contract with Customer, Liability [Roll Forward]
Gift card liability, beginning balance			$ 67,993	$ 66,153	66,153	59,724	$ 51,493
Issued					134,839	153,429	147,004
Gift card liability, ending balance					67,993	66,153	59,724
New Academy Holding Company, LLC | Total Merchandise
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income					(128,638)	(142,742)	(134,580)
New Academy Holding Company, LLC | Other sales
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income					$ (4,361)	$ (4,258)	$ (4,193)

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Debt Instrument [Line Items]
Total debt	$ 1,429,667	$ 1,466,402	$ 1,514,995
Less current maturities	(18,250)	(34,116)	(18,250)
Less deferred loan costs	(2,532)	(3,744)	(4,136)
Total long-term debt	1,408,885	1,428,542	1,492,609
Secured Debt | 2015 Term Loan Facility
Debt Instrument [Line Items]
Total debt	1,429,667	1,466,402	1,470,695
Debt discount	1,800	2,600	2,900
Revolving Credit Facility | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	$ 0	0	$ 44,300
New Academy Holding Company, LLC
Debt Instrument [Line Items]
Total debt		1,466,402		$ 1,630,890
Less current maturities		(34,116)		(68,305)
Less deferred loan costs		(3,744)		(5,830)
Total long-term debt		1,428,542		1,556,755
New Academy Holding Company, LLC | Secured Debt | 2015 Term Loan Facility
Debt Instrument [Line Items]
Total debt		1,466,402		1,630,890
Debt discount		$ 2,600		$ 4,000

Long-Term Debt - 2015 Term Loan

Long-Term Debt - 2015 Term Loan Facility (Detail) - USD ($)	May 22, 2018	Jul. 02, 2015	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 03, 2018	Feb. 02, 2019
Debt Instrument [Line Items]
Deferred loan costs			$ 2,532,000	$ 4,136,000	$ 3,744,000
Outstanding letters of credit			$ 30,800,000
Secured Debt | 2015 Term Loan Facility
Debt Instrument [Line Items]
Debt term		7 years
Debt face amount		$ 1,800,000,000
Quarterly principal payments		$ 4,600,000
Weighted average interest rate			5.00%
Gross principal repurchased			$ 23,900,000	147,700,000
Reacquisition price of debt			16,000,000	104,600,000
Net gain recognized			7,800,000	$ 42,300,000
Secured Debt | 2015 Term Loan Facility | LIBOR Rate | Variable Rate Component, One
Debt Instrument [Line Items]
Interest rate floor		1.00%
Basis spread on variable rate		4.00%
Secured Debt | 2015 Term Loan Facility | LIBOR Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Secured Debt | 2015 Term Loan Facility | Federal funds rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Secured Debt | 2015 Term Loan Facility | Base Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		3.00%
New Academy Holding Company, LLC
Debt Instrument [Line Items]
Deferred loan costs					3,744,000		$ 5,830,000
Amortization of deferred loan costs					2,600,000	$ 3,200,000	3,000,000
Outstanding letters of credit					17,700,000
Borrowings outstanding					1,468,993,000,000
New Academy Holding Company, LLC | 2015 Term Loan Facility
Debt Instrument [Line Items]
Net of discount long term debt		$ 9,100,000
New Academy Holding Company, LLC | Secured Debt | 2015 Term Loan Facility
Debt Instrument [Line Items]
Debt term		7 years
Debt face amount		$ 1,800,000,000
Quarterly principal payments		$ 4,600,000
Weighted average interest rate		5.77%
Prepayment of loan due		$ 15,900,000
Gross principal repurchased					147,700,000	26,200,000
Reacquisition price of debt					104,600,000	19,700,000
Net gain recognized					$ 42,300,000	$ 6,300,000
Debt instrument, guarantee, percent of capital stock pledged					100.00%
Debt Instrument, Guarantee, Percent Of Voting Capital Stock Pledged					6600.00%
New Academy Holding Company, LLC | Secured Debt | 2015 Term Loan Facility | LIBOR Rate | Variable Rate Component, One
Debt Instrument [Line Items]
Interest rate floor		1.00%
Basis spread on variable rate		4.00%
New Academy Holding Company, LLC | Secured Debt | 2015 Term Loan Facility | LIBOR Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
New Academy Holding Company, LLC | Secured Debt | 2015 Term Loan Facility | Federal funds rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
New Academy Holding Company, LLC | Secured Debt | 2015 Term Loan Facility | Base Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		3.00%
Revolving Credit Facility | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Debt term		5 years
Maximum borrowing capacity	$ 1,000,000,000	$ 650,000,000
Springing maturity clause period	91 days
Credit facility increase limit	$ 250,000,000
Borrowings outstanding			0
Remaining borrowing capacity			844,700,000
Unused commitment fee, percentage		0.25%
Revolving Credit Facility | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | LIBOR Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Revolving Credit Facility | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Federal funds rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Revolving Credit Facility | Minimum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | LIBOR Rate | Variable Rate Component, One
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
Revolving Credit Facility | Minimum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Base Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.25%
Revolving Credit Facility | Maximum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | LIBOR Rate | Variable Rate Component, One
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Revolving Credit Facility | Maximum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Base Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.75%
Revolving Credit Facility | New Academy Holding Company, LLC | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Debt term		5 years
Maximum borrowing capacity	$ 1,000,000,000	$ 650,000,000
Springing maturity clause period	91 days
Professional fees	$ 2,800,000
Deferred loan costs write off	100,000
Credit facility increase limit	$ 250,000,000
Borrowings outstanding					$ 0
Remaining borrowing capacity					827,400,000
Unused commitment fee, percentage		0.25%
Revolving Credit Facility | New Academy Holding Company, LLC | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Federal funds rate | Variable Rate Component, One
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Revolving Credit Facility | New Academy Holding Company, LLC | Minimum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | LIBOR Rate | Variable Rate Component, One
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
Revolving Credit Facility | New Academy Holding Company, LLC | Minimum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Base Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.25%
Revolving Credit Facility | New Academy Holding Company, LLC | Maximum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | LIBOR Rate | Variable Rate Component, One
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Revolving Credit Facility | New Academy Holding Company, LLC | Maximum | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Base Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.75%
Letter of Credit | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding letters of credit			$ 21,100,000
Letter of Credit | New Academy Holding Company, LLC | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding letters of credit					15,900,000
Letter of Credit | New Academy Holding Company, LLC | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | LIBOR Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Other Non current Assets [Member] | New Academy Holding Company, LLC
Debt Instrument [Line Items]
Deferred loan costs					$ 3,400,000		$ 4,500,000

Long-Term Debt - Summary of Sch

Long-Term Debt - Summary of Scheduled Principal Payment on Debt (Detail) - New Academy Holding Company, LLC $ in Millions	Feb. 01, 2020USD ($)
2020	$ 34,116
2021	18,250
2022	1,416,627
Total	$ 1,468,993

Derivative Financial Instrume_3

Derivative Financial Instruments - Summary of Interest Rate Swaps (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Sep. 03, 2020	Feb. 01, 2020	Sep. 03, 2019	Sep. 03, 2018	Sep. 03, 2017	Sep. 03, 2016
Interest rate swap, effective September 7, 2016
Derivative [Line Items]
Notional Amount	$ 250,000	$ 250,000		$ 320,000	$ 430,000	$ 525,000	$ 600,000
Fixed Rate	2.21%
Interest rate swap, effective September 7, 2016 | New Academy Holding Company, LLC
Derivative [Line Items]
Notional Amount		$ 250,000	$ 320,000	$ 320,000	$ 430,000	$ 525,000	$ 600,000
Fixed Rate			2.21%
Interest rate swap, effective November 1, 2016
Derivative [Line Items]
Notional Amount	$ 250,000
Fixed Rate	1.54%
Interest rate swap, effective November 1, 2016 | New Academy Holding Company, LLC
Derivative [Line Items]
Notional Amount			$ 250,000
Fixed Rate			1.54%
Interest rate swap, effective March 1, 2018
Derivative [Line Items]
Notional Amount	$ 400,000
Fixed Rate	2.54%
Interest rate swap, effective March 1, 2018 | New Academy Holding Company, LLC
Derivative [Line Items]
Notional Amount			$ 400,000
Fixed Rate			2.54%

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of Interest Rate Swaps (Parenthetical) (Detail) - Interest rate swap, effective September 7, 2016 - USD ($) $ in Thousands	Oct. 31, 2020	Sep. 03, 2020	Feb. 01, 2020	Sep. 03, 2019	Sep. 03, 2018	Sep. 03, 2017	Sep. 03, 2016
Derivative [Line Items]
Notional Amount	$ 250,000	$ 250,000		$ 320,000	$ 430,000	$ 525,000	$ 600,000
New Academy Holding Company, LLC
Derivative [Line Items]
Notional Amount		$ 250,000	$ 320,000	$ 320,000	$ 430,000	$ 525,000	$ 600,000

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Value of Interest Rate Swaps (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Derivative [Line Items]
Total derivatives net liability	$ (5,882)	$ (8,106)	$ (7,495)
New Academy Holding Company, LLC
Derivative [Line Items]
Total derivatives net liability		(8,106)		$ 8,408
Interest rate swaps | Other current assets | New Academy Holding Company, LLC
Derivative [Line Items]
Assets		0		3,386
Interest rate swaps | Accrued expenses and other current liabilities | New Academy Holding Company, LLC
Derivative [Line Items]
Liabilities		6,130		75
Interest rate swaps | Other long-term liabilities | New Academy Holding Company, LLC
Derivative [Line Items]
Liabilities		1,976		258
Interest rate swaps | Other Non current Assets [Member] | New Academy Holding Company, LLC
Derivative [Line Items]
Assets		0		$ 5,355
Designated as Hedging Instrument
Derivative [Line Items]
Total derivatives net liability	(1,334)	(8,106)	(7,495)
Designated as Hedging Instrument | Interest rate swaps | Other current assets
Derivative [Line Items]
Assets	0	0	190
Designated as Hedging Instrument | Interest rate swaps | Accrued expenses and other current liabilities
Derivative [Line Items]
Liabilities	1,198	6,130	5,184
Designated as Hedging Instrument | Interest rate swaps | Other long-term liabilities
Derivative [Line Items]
Liabilities	136	1,976	2,501
Not Designated as Hedging Instrument
Derivative [Line Items]
Total derivatives net liability	(4,548)	0	0
Not Designated as Hedging Instrument | Interest rate swaps | Accrued expenses and other current liabilities
Derivative [Line Items]
Liabilities	$ 4,548	$ 0	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended	12 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Oct. 31, 2020	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Oct. 28, 2020
Derivative [Line Items]
Losses in AOCI to be reclassified during the next twelve months	$ 4,600						$ 4,600
Loss on swaps from debt refinancing	1,330						1,330
Recognized interest expense on interest rate swaps	(2,590)	$ (2,874)	$ (1,893)	$ (146)	$ 708	$ 882
New Academy Holding Company, LLC
Derivative [Line Items]
Losses in AOCI to be reclassified during the next twelve months								$ 6,700
Recognized interest expense on interest rate swaps								$ 418	$ (1,106)	$ (7,497)
Interest rate swaps
Derivative [Line Items]
Loss on swaps from debt refinancing							1,300
Recognized interest expense on interest rate swaps							4,000
Interest rate swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	650,000						650,000				$ 100,000
Interest rate swaps | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	$ 250,000						$ 250,000

Derivative Financial Instrume_7

Derivative Financial Instruments - Impact of Gains and Losses Related to Interest Rate Swaps (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended		12 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Partners' Equity, beginning balance	$ 1,149,096	$ 977,571	$ 988,219	$ 925,302	$ 885,150	$ 857,039	$ 988,219	$ 857,039	$ 857,039
Gain (loss) deferred into AOCI	(278)	(606)	(4,434)	(1,317)	(9,632)	(3,510)
Increase (decrease) to interest expense	(2,590)	(2,874)	(1,893)	(146)	708	882
Loss on swaps from debt refinancing in other (income) expense, net (net of tax impact of $330)	1,000
Partners' Equity, ending balance		1,149,096	977,571	969,083	925,302	885,150		969,083	988,219	$ 857,039
New Academy Holding Company, LLC
Derivative Instruments, Gain (Loss) [Line Items]
Partners' Equity, beginning balance			988,219			857,039	988,219	857,039	857,039	832,687	$ 756,262
Gain (loss) deferred into AOCI									(16,096)	(2,625)	5,876
Increase (decrease) to interest expense									418	(1,106)	(7,497)
Partners' Equity, ending balance									988,219	857,039	832,687
Accumulated Other Comprehensive Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Partners' Equity, beginning balance	(8,339)	(10,607)	(8,066)	(6,284)	4,056	8,448	(8,066)	8,448	8,448
Gain (loss) deferred into AOCI	(278)	(606)	(4,434)	(1,317)	(9,632)	(3,510)
Increase (decrease) to interest expense	(2,590)	(2,874)	(1,893)	(146)	708	882
Loss on swaps from debt refinancing in other (income) expense, net (net of tax impact of $330)	1,000
Partners' Equity, ending balance	(5,027)	$ (8,339)	(10,607)	(7,455)	$ (6,284)	4,056	(5,027)	(7,455)	(8,066)	8,448
Accumulated Other Comprehensive Income (Loss) | New Academy Holding Company, LLC
Derivative Instruments, Gain (Loss) [Line Items]
Partners' Equity, beginning balance			$ (8,066)			$ 8,448	(8,066)	8,448	8,448	9,967	(3,406)
Gain (loss) deferred into AOCI									(16,096)	(2,625)	5,876
Increase (decrease) to interest expense									418	(1,106)	(7,497)
Partners' Equity, ending balance									(8,066)	8,448	9,967
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) deferred into AOCI	(278)			(1,317)			(5,318)	(14,459)
Increase (decrease) to interest expense	(2,590)			$ (146)			(7,357)	$ 1,444
Loss on swaps from debt refinancing in other (income) expense, net (net of tax impact of $330)	$ 1,000						$ 1,000
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | New Academy Holding Company, LLC
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) deferred into AOCI									(16,096)	(2,625)	5,876
Increase (decrease) to interest expense									$ (418)	$ 1,106	$ 7,497

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy (Detail) - Level 2 - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Assets
Interest rate swap	$ 0	$ 0	$ 190
Liabilities
Interest rate swap	$ 5,882	8,106	$ 7,685
New Academy Holding Company, LLC
Assets
Interest rate swap		0		$ 8,741
Liabilities
Interest rate swap		$ 8,106		$ 333

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019
2015 Term Loan Facility | Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Borrowings, fair value			$ 1,400,000,000	$ 1,200,000,000	$ 1,000,000,000
New Academy Holding Company, LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of long-lived assets	$ 1,408,000	$ 2,477,000
New Academy Holding Company, LLC | 2015 Term Loan Facility | Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Borrowings, fair value	1,100,000,000			1,200,000,000
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds			$ 767,000,000	113,300,000	$ 0
Money Market Funds | New Academy Holding Company, LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 42,600,000			$ 113,300,000

Property and Equipment - Proper

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,327,289	$ 1,311,928	$ 1,300,915
Accumulated depreciation and amortization	(944,669)	(870,521)	(846,509)
Property and equipment, net	382,620	441,407	454,406
New Academy Holding Company, LLC
Property, Plant and Equipment [Line Items]
Total property and equipment		1,311,928		$ 1,259,989
Accumulated depreciation and amortization		(870,521)		(763,836)
Property and equipment, net		441,407		496,153
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	435,094	436,807	433,266
Leasehold improvements | New Academy Holding Company, LLC
Property, Plant and Equipment [Line Items]
Total property and equipment		436,807		419,885
Equipment and software
Property, Plant and Equipment [Line Items]
Total property and equipment	543,147	537,364	527,845
Equipment and software | New Academy Holding Company, LLC
Property, Plant and Equipment [Line Items]
Total property and equipment		537,364		496,089
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	317,371	316,420	314,909
Furniture and fixtures | New Academy Holding Company, LLC
Property, Plant and Equipment [Line Items]
Total property and equipment		316,420		304,784
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	27,979	17,639	21,197
Construction in progress | New Academy Holding Company, LLC
Property, Plant and Equipment [Line Items]
Total property and equipment		17,639		35,533
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 3,698	3,698	$ 3,698
Land | New Academy Holding Company, LLC
Property, Plant and Equipment [Line Items]
Total property and equipment		$ 3,698		$ 3,698

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Property, Plant and Equipment [Line Items]
Depreciation	$ 25.5	$ 29.6	$ 79.7	$ 88.7
New Academy Holding Company, LLC
Property, Plant and Equipment [Line Items]
Depreciation					$ 117.3	$ 130.4	$ 130.8

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Indefinite-lived Intangible Assets [Line Items]
Trade name and other intangible assets, net	$ 577,000	$ 577,000	$ 577,000
New Academy Holding Company, LLC
Indefinite-lived Intangible Assets [Line Items]
Favorable lease rights, net				$ 15,067
Trade name		577,000		577,000
Trade name and other intangible assets, net		$ 577,000		$ 592,067

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - New Academy Holding Company, LLC - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2019	Feb. 03, 2018
Indefinite-lived Intangible Assets [Line Items]
Amortization expense on favorable lease rights	$ 3.5	$ 3.5
Accumulated amortization	$ 25

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Accrued Expenses and Other Current Liabilities [Line Items]
Accrued interest	$ 6,996	$ 7,835	$ 3,261
Accrued personnel costs	72,995	54,065	41,237
Accrued professional fees	6,041	2,451	2,787
Accrued sales and use tax	18,590	12,651	18,041
Accrued self-insurance	13,136	14,107	13,912
Deferred revenue - gift cards and other	54,557	70,220	49,603
Income taxes payable	19,197	4,941	4,575
Interest rate swaps	5,746	6,129	5,184
Property taxes	49,679	16,919	50,066
Sales return allowance	5,000	5,500	5,500
Other	22,675	16,563	25,826
Accrued expenses and other current liabilities	$ 274,612	211,381	$ 219,992
New Academy Holding Company, LLC
Accrued Expenses and Other Current Liabilities [Line Items]
Accrued interest		7,835		$ 3,574
Accrued personnel costs		54,065		36,955
Accrued sales and use tax		12,651		7,521
Accrued self-insurance		14,107		14,632
Deferred revenue - gift cards and other		70,220		67,527
Property taxes		16,919		16,941
Sales return allowance		5,500		5,800
Other		30,084		31,191
Accrued expenses and other current liabilities		$ 211,381		$ 184,141

Equity and Share-Based Compen_3

Equity and Share-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands		Aug. 28, 2020USD ($)$ / sharesshares	Jun. 22, 2018USD ($)Employeeshares	Oct. 31, 2020USD ($)shares	Nov. 02, 2019USD ($)shares	Oct. 31, 2020USD ($)$ / sharesshares	Nov. 02, 2019USD ($)shares	Feb. 01, 2020USD ($)$ / sharesshares	Feb. 02, 2019USD ($)$ / sharesshares	Feb. 03, 2018USD ($)$ / sharesshares	Oct. 01, 2020shares	Aug. 01, 2020shares	May 02, 2020shares	Aug. 03, 2019shares	May 04, 2019shares	Jan. 28, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Partners' equity membership units, authorized (in shares)					72,468,164		72,468,164	72,468,164
Partners' equity membership units, issued (in shares)					72,468,164		72,468,164	72,468,164
Partners' equity membership units, outstanding (in shares)	[1]				72,468,164		72,468,164	72,468,164	72,473,000			72,478,000	72,474,000	72,491,000	72,473,000
Equity compensation expense | $				$ 23,400	$ 1,400	$ 27,000	$ 5,900
Distribution | $		$ 257,000				257,000
Distributions to unitholders (in dollars per share) | $ / shares		$ 1.1257
Distributions to unitholders after conversion (in dollars per share) | $ / shares		$ 3.5460
Cash used for distributions | $		$ 248,000
Share-based award payments payable | $				12,100		12,100
Exercise Price Range, One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price reduction (in dollars pershare) | $ / shares		$ 0.89
Unit options (in shares)		3,107,301
Exercise Price Range, Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price reduction (in dollars pershare) | $ / shares		$ 3.53
Unit options (in shares)		554,474
New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Partners' equity membership units, authorized (in shares)								228,274,749	228,289,163
Partners' equity membership units, issued (in shares)								228,274,749	228,289,163
Partners' equity membership units, outstanding (in shares)								228,274,749	228,289,163	228,022,835						227,813,949
Equity compensation expense | $			$ 700					$ 7,900	$ 4,600	$ 4,600
Number of repricing affected employees | Employee			184
Repricing affected options			6,909,475
Unrecognized compensation cost | $								$ 16,700
Unrecognized compensation cost, weighted average life								2 years 8 months 12 days
Distribution | $		$ 257,000						$ 257,000
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense | $				$ 19,900		$ 19,900
Restricted units, granted (in shares)		159,362
Restricted Stock Units | New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value of Restricted Units vested | $								$ 300	$ 200	$ 200
Restricted units, granted (in shares)								180,610	2,769,316	29,022
Restricted units, weighted average grant date fair value (in usd per share) | $ / shares								$ 5.26	$ 5.34	$ 6.03
Unit Options | Exercise Price Range, One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price reduction (in dollars pershare) | $ / shares		$ 0.28
Unit options (in shares)		9,788,000
Unit Options | Exercise Price Range, Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price reduction (in dollars pershare) | $ / shares		$ 1.12
Unit options (in shares)		1,746,594
Liquidity Event Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, weighted average life						2 years 1 month 6 days
Restricted units, granted (in shares)		50,590				1,185,474
Restricted units, weighted average grant date fair value (in usd per share) | $ / shares						$ 17.99
Liquidity Event Restricted Units | New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense | $								$ 10,200
Restricted units, granted (in shares)								3,291,162
Restricted units, weighted average grant date fair value (in usd per share) | $ / shares								$ 5.51
Vesting description								The Company's outstanding and unvested Liquidity Event Restricted Units typically vest either (i) over a four-year period at rates of 30%, 30%, 20% and 20% per anniversary of the Liquidity Event Restricted Unit holder's employment start date, so long as the Company completes an initial public offering prior to the fifth anniversary of their grant date, or (ii) immediately at a rate of 100%, upon the completion of certain Company change of control transactions, so long as the Company completes such change of control transaction prior to the fifth anniversary of their grant date.
Vesting Period								4 years
Liquidity Event Restricted Units | New Academy Holding Company, LLC | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage								30.00%
Liquidity Event Restricted Units | New Academy Holding Company, LLC | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage								30.00%
Liquidity Event Restricted Units | New Academy Holding Company, LLC | Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage								20.00%
Liquidity Event Restricted Units | New Academy Holding Company, LLC | Liquidity Event Restricted Units Vesting Year Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage								20.00%
Liquidity Event Restricted Units | New Academy Holding Company, LLC | Share Based Compensation Award Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage								100.00%
Unit Options And Restricted Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense | $						$ 20,700
Service Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, weighted average life						4 months 24 days
Restricted units, granted (in shares)						11,564
Restricted units, weighted average grant date fair value (in usd per share) | $ / shares						$ 17.30
Service Restricted Units | New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, granted (in shares)								38,024
Restricted units, weighted average grant date fair value (in usd per share) | $ / shares								$ 5.26
Vesting percentage								100.00%
Vesting description								The Company's outstanding and unvested Service Restricted Units typically vest 100% on the six-month or one-year anniversary of their grant date.
2020 Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future issuance (in shares)											5,150,000
Authorized for grant (in shares)				4,996,703		4,996,703
Available for grant (in shares)				4,996,703		4,996,703
2011 Unit Incentive Plan | New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future issuance (in shares)								33,948,085
Authorized for grant (in shares)								2,051,547
Available for grant (in shares)								2,051,547
[1]	See Retrospective Presentation of Ownership Exchange in Note 2.

Equity and Share-Based Compen_4

Equity and Share-Based Compensation - Assumption and Grant Date Fair Values for Options Granted (Detail) - $ / shares	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years		6 years 2 months 12 days	6 years 2 months 12 days	6 years 2 months 12 days
Expected volatility		52.00%
Expected volatility, minimum			50.00%	52.00%
Expected volatility, maximum			55.00%	57.00%
Weighted-average volatility		52.00%	54.10%	53.10%
Risk-free interest rate, minimum		1.40%	2.60%	1.80%
Risk-free interest rate, maximum		2.50%	2.90%	2.20%
Dividend yield		0.00%	0.00%	0.00%
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	6 years 2 months 12 days
Expected volatility, minimum	53.00%
Expected volatility, maximum	54.00%
Weighted-average volatility	53.00%
Risk-free interest rate, minimum	0.39%
Risk-free interest rate, maximum	0.76%
Dividend yield	0.00%
Weighted-average grant date fair value	$ 8.48
Service Options | New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value		$ 2.75	$ 2.85	$ 3.10
Performance Unit Options | New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value		$ 2.74	$ 2.84	$ 3.11

Equity and Share-Based Compen_5

Equity and Share-Based Compensation - Summary of Unit Options Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit Options, Granted or modified	1,417,961
Weighted Average Exercise Price, Exercisable as of February 1, 2020	$ 16.87
New Academy Holding Company, LLC | Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate Intrinsic Value, Outstanding balance		$ 28,855	$ 33,157	$ 18,415	$ 30,857
Aggregate Intrinsic Value, Exercisable as of February 1, 2020		$ 26,584
Unit Options, Outstanding balance	18,239,471	15,610,279	14,340,902	12,049,440
Unit Options, Granted or modified		4,365,143	9,654,571	4,126,204
Unit Options, Canceled or modified		(601,974)	(5,898,381)	(533,211)
Unit Options, Forfeited		(1,133,977)	(2,486,813)	(1,301,531)
Unit Options, Outstanding balance		18,239,471	15,610,279	14,340,902	12,049,440
Weighted Average Exercise Price, Outstanding balance	$ 4.05	$ 3.82	$ 4.02	$ 3.66
Unit Options, Exercisable as of February 1, 2020		11,225,459
Weighted Average Exercise Price, Granted or modified		$ 5.27	5.29	5.92
Weighted Average Exercise Price, Canceled or modified		4.60	5.99	5.83
Weighted Average Exercise Price, Forfeited		5.23	5.52	6
Weighted Average Exercise Price, Outstanding balance		4.05	$ 3.82	$ 4.02	$ 3.66
Weighted Average Exercise Price, Exercisable as of February 1, 2020		$ 3.29
Weighted Average Remaining Contractual Life (in years), Outstanding balance		5 years 6 months	5 years 8 months 12 days	6 years	6 years 2 months 12 days
Weighted Average Remaining Contractual Life (in years), Exercisable as of February 1, 2020		3 years 7 months 6 days
New Academy Holding Company, LLC | Performance Unit Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate Intrinsic Value, Outstanding balance		$ 26,838	$ 29,960	$ 18,658	$ 31,031
Aggregate Intrinsic Value, Exercisable as of February 1, 2020		$ 26,061
Unit Options, Outstanding balance	10,227,576	9,684,688	9,902,357	9,959,420
Unit Options, Granted or modified		1,335,436	3,272,337	1,232,128
Unit Options, Canceled or modified		(228,718)	(2,258,138)	(436,759)
Unit Options, Forfeited		(563,830)	(1,231,868)	(852,432)
Unit Options, Outstanding balance		10,227,576	9,684,688	9,902,357	9,959,420
Weighted Average Exercise Price, Outstanding balance	$ 3.02	$ 2.86	$ 3.09	$ 3.14
Unit Options, Exercisable as of February 1, 2020		7,760,964
Weighted Average Exercise Price, Granted or modified		$ 5.27	5.29	5.95
Weighted Average Exercise Price, Canceled or modified		3.90	5.86	5.71
Weighted Average Exercise Price, Forfeited		5.27	5.59	6.48
Weighted Average Exercise Price, Outstanding balance		3.02	$ 2.86	$ 3.09	$ 3.14
Weighted Average Exercise Price, Exercisable as of February 1, 2020		$ 2.31
Weighted Average Remaining Contractual Life (in years), Outstanding balance		3 years 7 months 6 days	4 years 1 month 6 days	4 years 9 months 18 days	5 years 6 months
Weighted Average Remaining Contractual Life (in years), Exercisable as of February 1, 2020		2 years

Equity and Share-Based Compen_6

Equity and Share-Based Compensation - Summary of Unit Options Activity (Parenthetical) (Detail) - New Academy Holding Company, LLC - $ / shares	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jan. 28, 2017
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of membership unit per share	$ 5.59	$ 5.91	$ 4.40	$ 6.07
Performance Unit Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of membership unit per share	$ 5.59	$ 5.91	$ 4.40	$ 6.07

Equity and Share-Based Compen_7

Equity and Share-Based Compensation - Summary of Restricted Unit Activity (Detail) - Restricted Stock Units - $ / shares	Aug. 28, 2020	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units, Granted	159,362
New Academy Holding Company, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units, Non-vested balance		3,347,449	1,395,132	1,374,348
Units, Granted		180,610	2,769,316	29,022
Units, Vested		(57,363)	(34,704)	(8,238)
Units, Forfeited		(141,510)	(782,295)
Units, Non-vested balance		3,329,186	3,347,449	1,395,132
Weighted Average Grant Date Fair Value Per Unit, Non-vested balance		$ 5.50	$ 6	$ 6
Weighted Average Grant Date Fair Value Per Unit, Granted		5.26	5.34	6.03
Weighted Average Grant Date Fair Value Per Unit, Vested		5.26	5.90	6.07
Weighted Average Grant Date Fair Value Per Unit, Forfeited		5.30	5.79
Weighted Average Grant Date Fair Value Per Unit, Non-vested balance		$ 5.50	$ 5.50	$ 6

Earnings per Common Share - Sch

Earnings per Common Share - Schedule Of Earning per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended											9 Months Ended		12 Months Ended
		Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income		$ 59,586	$ 167,676	$ (10,020)		$ 28,552	$ 48,347	$ 25,406					$ 217,242	$ 102,305
Weighted average common shares outstanding - basic (in shares)	[1]	76,771,000				72,484,000							73,908,000	72,480,000
Weighted average common shares outstanding - diluted (in shares)	[1]	80,714,000				75,201,000							77,171,000	74,766,000
Earnings per common share - basic (in usd per share)	[1]	$ 0.78				$ 0.39							$ 2.94	$ 1.41
Earnings per common share - diluted (in usd per share)	[1]	$ 0.74				$ 0.38							$ 2.82	$ 1.37
Anti-dilutive stock-based awards excluded from diluted calculation (in shares)		4,460,000				4,153,000							1,648,000	578,000
Service Restricted Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)		6,000				6,000							9,000	9,000
Performance Restricted Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)		1,423,000											991,000
Service Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)		1,081,000				1,271,000							871,000	824,000
Performance Unit Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)		1,433,000				1,440,000							1,392,000	1,453,000
New Academy Holding Company, LLC
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income					$ 17,738	$ 28,552	$ 48,347	$ 25,406	$ (21,458)	$ 1,773	$ 42,103	$ (976)			$ 120,043	$ 21,442	$ 58,501
Weighted average common shares outstanding - basic (in shares)															228,303,750	228,160,508	227,942,148
Weighted average common shares outstanding - diluted (in shares)															235,609,118	236,873,973	236,804,721
Earnings per common share - basic (in usd per share)															$ 0.53	$ 0.09	$ 0.26
Earnings per common share - diluted (in usd per share)															$ 0.51	$ 0.09	$ 0.25
Anti-dilutive stock-based awards excluded from diluted calculation (in shares)															1,833,855	7,485,706	10,150,627
New Academy Holding Company, LLC | Service Restricted Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)															35,376	51,417	19,608
New Academy Holding Company, LLC | Service Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)															2,886,601	4,036,699	4,062,335
New Academy Holding Company, LLC | Performance Unit Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)															4,383,391	4,625,349	4,780,630
[1]	See Retrospective Presentation of Ownership Exchange in Note 2

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Current tax expense:
Federal	$ 8,369	$ 0	$ 8,369	$ 0
State	2,168	575	3,656	2,135
Foreign	9	13	39	25
Total current expense	10,546	588	12,064	2,160
Deferred tax expense:
Federal	(10,024)	0	(10,024)	0
State	(1,715)	(59)	(1,715)	(223)
Foreign	0	(23)	0	(23)
Total deferred tax benefit	(11,739)	(82)	(11,739)	(246)
Income tax expense	$ (1,193)	$ 506	$ 325	$ 1,914
New Academy Holding Company, LLC
Current tax expense:
State					$ 2,501	$ 2,412	$ 2,580
Foreign					19	33	54
Total current expense					2,520	2,445	2,634
Deferred tax expense:
State					318	(514)	145
Foreign					(21)	20	2
Change in valuation allowance					0	0	0
Total deferred tax benefit					297	(494)	147
Income tax expense					$ 2,817	$ 1,951	$ 2,781

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	Dec. 22, 2017	Oct. 31, 2020	Nov. 02, 2019	Feb. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Income before income taxes		$ 58,393	$ 29,058		$ 217,567	$ 104,219
Federal income tax at the statutory rate		21.00%		21.00%	21.00%		21.00%
State income tax, net of federal benefit		0.80%		1.80%	0.90%		1.80%
Increase in tax expense resulting from:
Income tax expense		$ (1,193)	$ 506		$ 325	$ 1,914
Effect of pre-IPOpass-through income allocated to our members		(23.10%)		(21.00%)	(21.60%)		(21.00%)
Effect of permanent items		(0.70%)			(0.20%)		0.00%
Other, including foreign		0.00%			0.00%		0.00%
Effective income tax rate		(2.00%)		1.80%	0.10%		1.80%
New Academy Holding Company, LLC
Income before income taxes								$ 122,860	$ 23,393	$ 61,282
Federal income tax at the statutory rate	35.00%							21.00%	21.00%	33.80%
Tax at federal statutory rate								$ 25,801	$ 4,913	$ 20,731
Increase in tax expense resulting from:
State income tax								2,818	1,898	2,725
Foreign tax								(1)	53	56
Effect of rates due to pass through entities								(25,801)	(4,913)	(20,731)
Income tax expense								$ 2,817	$ 1,951	$ 2,781
Effective income tax rate								2.30%	8.30%	4.50%

Income Taxes - Effective Inco_2

Income Taxes - Effective Income Tax Rate Reconciliation (Parenthetical) (Detail)	Dec. 22, 2017	Oct. 31, 2020	Feb. 02, 2019	Oct. 31, 2020	Feb. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Federal income tax at the statutory rate		21.00%	21.00%	21.00%	21.00%
New Academy Holding Company, LLC
Federal income tax at the statutory rate	35.00%					21.00%	21.00%	33.80%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	Oct. 06, 2020	Dec. 22, 2017	Oct. 31, 2020	Feb. 02, 2019	Oct. 31, 2020	Feb. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Income Tax Contingency [Line Items]
Federal income tax at the statutory rate			21.00%	21.00%	21.00%	21.00%
Unrecognized Tax Benefits			$ 0		$ 0
Deferred Income Tax Liabilities, Net	$ 144,200,000		132,701,000		$ 132,701,000
Taxes Payable, Current	4,600,000
Adjustments to Additional Paid in Capital, Value, Cumulative Deferred Tax Liability Effect From Reorganization			$ 148,829,000
State income tax, net of federal benefit			0.80%	1.80%	0.90%	1.80%
Minimum
Income Tax Contingency [Line Items]
Federal income tax at the statutory rate					24.00%
Maximum
Income Tax Contingency [Line Items]
Federal income tax at the statutory rate					25.00%
Weighted Average
Income Tax Contingency [Line Items]
State income tax, net of federal benefit			3.80%
Additional Paid-In Capital
Income Tax Contingency [Line Items]
Adjustments to Additional Paid in Capital, Value, Cumulative Deferred Tax Liability Effect From Reorganization	$ 148,800,000		$ 148,829,000
New Academy Holding Company, LLC
Income Tax Contingency [Line Items]
Federal income tax at the statutory rate		35.00%					21.00%	21.00%	33.80%
Unrecognized Tax Benefits							$ 0

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($)	Oct. 31, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 02, 2019
Deferred tax assets:
Other	$ 127	$ 220	$ 764
Total deferred tax assets	127	220	764
Deferred tax liabilities:
Investment in NAHC	(132,828)
Total deferred tax liabilities	132,828
Net deferred tax asset (liability)	$ (132,701)
Net deferred tax asset		220	$ 764
New Academy Holding Company, LLC | Liability [Member]
Deferred tax liabilities:
Total deferred tax liabilities		3,473,000		$ 3,209,000
Intangibles and depreciation		2,760,000		2,767,000
Inventories and other		713,000		442,000
Net deferred tax asset		220,000		517,000
New Academy Holding Company, LLC | Assets [Member]
Deferred tax assets:
Other		944,000		985,000
Total deferred tax assets		3,693,000		3,726,000
Tax credits		$ 2,749,000		$ 2,741,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Aug. 28, 2020	Aug. 25, 2020	Apr. 10, 2019	Apr. 05, 2018	Aug. 03, 2011	Jan. 31, 2015	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Oct. 06, 2020
Related Party Transaction [Line Items]
Distribution	$ 257,000						$ 0		$ 0
Notes receivable from member		$ 8,500							8,125	$ (3,988)
New Academy Holding Company, LLC
Related Party Transaction [Line Items]
Notes receivable from member											$ (3,988)	$ (4,144)
Majority Shareholder
Related Party Transaction [Line Items]
Accrued underwriting expense														$ 2,700
Majority Shareholder | New Academy Holding Company, LLC
Related Party Transaction [Line Items]
Payments in connection with term loan facility						$ 2,100
Incurred expenses, professional fees											900	300
Majority Shareholder | Monitoring Agreement, advisory fees
Related Party Transaction [Line Items]
Related party expense							13,000	$ 900	14,800	2,700
Contract termination fee							12,300
Majority Shareholder | Monitoring Agreement, advisory fees | New Academy Holding Company, LLC
Related Party Transaction [Line Items]
Annual advisory fee increase					5.00%
Related party expense					$ 3,700						3,600	3,500	$ 3,400
Contract termination fee											14,200
Executive Officer [Member]
Related Party Transaction [Line Items]
Repurchase of Redeemable Membership Units								100		100
Executive Officer [Member] | New Academy Holding Company, LLC
Related Party Transaction [Line Items]
Repurchase of Redeemable Membership Units											100	$ 1,300	$ 1,200
Management [Member]
Related Party Transaction [Line Items]
Repurchase of Redeemable Membership Units							$ 0	$ 500	$ 37,000	$ 500
Management [Member] | New Academy Holding Company, LLC
Related Party Transaction [Line Items]
Repurchase of Redeemable Membership Units											$ 500
Investor [Member] | Related Party Notes Receivable [Member]
Related Party Transaction [Line Items]
Note receivable issued to member			$ 4,000	$ 4,100
Interest rate			2.50%	2.10%
Investor [Member] | Related Party Notes Receivable [Member] | New Academy Holding Company, LLC
Related Party Transaction [Line Items]
Note receivable issued to member			$ 4,000	$ 4,100
Interest rate			2.50%	2.10%

Leases - Summary of Balance She

Leases - Summary of Balance Sheet Impact of Implementation of New Lease Standard Upon Adoption (Detail) - USD ($) $ in Thousands		Oct. 31, 2020	Feb. 02, 2020	Feb. 01, 2020	Nov. 02, 2019	Feb. 03, 2019	Feb. 02, 2019
Leases Disclosure [Line Items]
Prepaid expenses and other current assets		$ 25,789		$ 24,548	$ 26,140
Right-of-use assets		1,163,361		1,145,705	1,165,826
OTHER NONCURRENT ASSETS		4,923		15,845	16,349
Current lease liabilities		79,361		76,329	73,252
Long-term lease liabilities		1,171,420		1,141,896	1,163,250
Other long-term liabilities		43,244		19,197	$ 19,529
Retained earnings	[1]	$ 895,646
New Academy Holding Company, LLC
Leases Disclosure [Line Items]
Prepaid expenses and other current assets				24,548		$ 24,159	$ 39,937
Right-of-use assets				1,145,705		1,173,741
Trade name and other intangible assets, net						577,000	592,067
OTHER NONCURRENT ASSETS				15,845		18,719	21,545
Current lease liabilities				76,329		84,849
Long-term lease liabilities				1,141,896		1,154,697
Other long-term liabilities				$ 19,197		18,244	122,795
Retained earnings						$ 558,357	$ 553,282
Revision of Prior Period, Accounting Standards Update, Adjustment | New Academy Holding Company, LLC
Leases Disclosure [Line Items]
Prepaid expenses and other current assets			$ (15,778)
Right-of-use assets			1,173,741
Trade name and other intangible assets, net			(15,067)
OTHER NONCURRENT ASSETS			(2,826)
Current lease liabilities			84,849
Long-term lease liabilities			1,154,697
Other long-term liabilities			(104,551)
Retained earnings			$ 5,075
[1]	See Retrospective Presentation of Ownership Exchange in Note 2.

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2020USD ($)	Oct. 31, 2020USD ($)	Feb. 01, 2020USD ($)	Nov. 02, 2019USD ($)	Feb. 03, 2019USD ($)
Leases Disclosure [Line Items]
Right-of-use assets	$ 1,163,361	$ 1,163,361	$ 1,145,705	$ 1,165,826
Lease liabilities	1,250,781	1,250,781
Lease liabilities, current	79,361	79,361	76,329	73,252
Lease liabilities, long-term	1,171,420	1,171,420	1,141,896	$ 1,163,250
Lease expense credit	$ 400	$ 2,400
Number of extensions	6	46
New Academy Holding Company, LLC
Leases Disclosure [Line Items]
Right-of-use assets			1,145,705		$ 1,173,741
Lease liabilities			1,218,225		1,200,000
Lease liabilities, current			76,329		84,849
Lease liabilities, long-term			$ 1,141,896		$ 1,154,697

Leases - Components of Lease Ex

Leases - Components of Lease Expense and Sublease Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Leases Disclosure [Line Items]
Operating lease expense	$ 49,272	$ 49,159	$ 147,528	$ 146,039
Short-term lease expense	0	0	0	0
Variable lease expense	1,709	1,956	3,527	5,805
Sublease income	(115)	(403)	(641)	(1,205)
Net lease expense	$ 50,866	$ 50,712	$ 150,414	$ 150,639
New Academy Holding Company, LLC
Leases Disclosure [Line Items]
Operating lease expense					$ 195,301
Short-term lease expense					0
Variable lease expense					7,736
Sublease income					(1,591)
Net lease expense					$ 201,446

Leases - Information About Oper

Leases - Information About Operating Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Leases Disclosure [Line Items]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 13,477	$ 32,520	$ 84,595	$ 55,562
Cash paid for amounts included in the measurement of lease liabilities	$ 48,092	$ 48,283	$ 130,274	$ 143,848
Weighted-average remaining lease term in years	11 years 2 months 12 days	10 years 10 months 24 days	11 years 2 months 12 days	10 years 10 months 24 days
Weighted-average incremental borrowing rate	9.09%	8.88%	9.09%	8.88%
New Academy Holding Company, LLC
Leases Disclosure [Line Items]
Right-of-use assets obtained in exchange for new operating lease liabilities					$ 57,383
Cash paid for amounts included in the measurement of lease liabilities					$ 192,849
Weighted-average remaining lease term in years					10 years 8 months 12 days
Weighted-average incremental borrowing rate					8.89%

Leases - Remaining Maturities o

Leases - Remaining Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Oct. 31, 2020	Feb. 01, 2020	Feb. 03, 2019
Leases Disclosure [Line Items]
2020	$ 48,759
2021	196,666
2022	194,316
2023	186,750
2024	178,462
2025	172,512
After 2025	1,051,915
Total lease payments	2,029,380
Less: Interest	(778,599)
Present value of lease liabilities	$ 1,250,781
New Academy Holding Company, LLC
Leases Disclosure [Line Items]
2020		$ 196,088
2021		195,323
2022		190,609
2023		181,499
2024		171,720
2025		164,071
After 2025		834,644
Total lease payments		1,933,954
Less: Interest		(715,729)
Present value of lease liabilities		$ 1,218,225	$ 1,200,000

Leases - Remaining Maturities_2

Leases - Remaining Maturities of Lease Liabilities (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020	Feb. 02, 2019
Leases Disclosure [Line Items]
Sublease rentals	$ 1.9
New Academy Holding Company, LLC
Leases Disclosure [Line Items]
Sublease rentals		$ 1.6	$ 7.7

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Payments Under Operating Lease Obligations (Detail) - New Academy Holding Company, LLC $ in Thousands	Feb. 02, 2019USD ($)
Leases Disclosure [Line Items]
2019	$ 192,632
2020	193,878
2021	192,610
2022	188,048
2023	177,750
Thereafter	1,172,506
Total minimum lease payments	2,117,424
Lease minimum sublease income	(7,719)
Net minimum lease payments	$ 2,109,705

Leases - Summary of Future Mi_2

Leases - Summary of Future Minimum Payments Under Operating Lease Obligations (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020	Feb. 02, 2019
Leases Disclosure [Line Items]
Sublease rentals	$ 1.9
New Academy Holding Company, LLC
Leases Disclosure [Line Items]
Sublease rentals		$ 1.6	$ 7.7

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Technology Related Commitments And Other
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations	$ 15.2
Contractual commitment obligations, payable in next 12 months	12.7
Technology Related Commitments And Other | New Academy Holding Company, LLC
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations		$ 29.8
Contractual commitment obligations, payable in next 12 months		20.6
Commitments Related To Monitoring Agreements
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations	13.3
Contractual commitment obligations, payable in next 12 months	13.3
Commitments Related To Monitoring Agreements | New Academy Holding Company, LLC
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations		14.4
Contractual commitment obligations, payable in next 12 months		4.1
Sponsorship Agreement And Intellectual Property Commitments
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations	12.8
Contractual commitment obligations, payable in next 12 months	$ 7.4
Sponsorship Agreement And Intellectual Property Commitments | New Academy Holding Company, LLC
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations		7.7
Contractual commitment obligations, payable in next 12 months		$ 4.2
Sponsorship Agreement And Intellectual Property Commitments | Minimum
Long-term Purchase Commitment [Line Items]
Agreement term	1 year
Sponsorship Agreement And Intellectual Property Commitments | Minimum | New Academy Holding Company, LLC
Long-term Purchase Commitment [Line Items]
Agreement term		1 year
Sponsorship Agreement And Intellectual Property Commitments | Maximum
Long-term Purchase Commitment [Line Items]
Agreement term	3 years
Sponsorship Agreement And Intellectual Property Commitments | Maximum | New Academy Holding Company, LLC
Long-term Purchase Commitment [Line Items]
Agreement term		3 years

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - 401 k Plan - New Academy Holding Company, LLC - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Defined Benefit Plan Disclosure [Line Items]
Percentage of eligible compensation on a pretax basis	75.00%
Percentage of amounts contributed	100.00%
Employer matching contribution percentage	6.00%
Employee contribution amount	$ 12.4	$ 11.9	$ 11.6

Valuation and Qualifying Acco_3

Valuation and Qualifying Accounts - Schedule of Valuation And Qualifying Accounts (Detail) - New Academy Holding Company, LLC - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	$ 3,008	$ 2,616	$ 3,410
Charged to costs and expenses	499	1,020	1,900
Deductions	(232)	(628)	(2,694)
Balance at end of period	3,275	3,008	2,616
Allowance for Sales Returns and Allowances [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	5,800	6,500	6,100
Charged to costs and expenses	9,400	9,400	9,100
Deductions	(9,700)	(10,100)	(8,700)
Balance at end of period	5,500	5,800	6,500
Inventory Shrink Adjustments [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	19,271	14,683	5,976
Charged to costs and expenses	62,975	69,047	93,248
Deductions	(69,355)	(64,459)	(84,541)
Balance at end of period	12,891	19,271	14,683
Self Insurance Reserves [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	22,807	19,942	18,027
Charged to costs and expenses	61,220	62,000	67,419
Deductions	(61,598)	(59,135)	(65,504)
Balance at end of period	$ 22,429	$ 22,807	$ 19,942

Schedule of Quarterly Financial

Schedule of Quarterly Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended											9 Months Ended		12 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Quarterly Financial Information [Line Items]
Gross margin	$ 440,511				$ 362,422							$ 1,234,957	$ 1,060,622
Selling, general and administrative expenses	358,955				309,246							955,591	923,418
Operating income	81,556				53,176							279,366	137,204
Interest expense, net	22,399				24,585							70,487	77,171
Net income	$ 59,586	$ 167,676	$ (10,020)		28,552	$ 48,347	$ 25,406					$ 217,242	$ 102,305
New Academy Holding Company, LLC
Quarterly Financial Information [Line Items]
Net sales				$ 1,370,492	1,145,203	1,237,410	1,076,792	$ 1,342,018	$ 1,060,188	$ 1,262,207	$ 1,119,480
Gross margin				370,532	362,422	385,204	312,996	332,133	328,333	387,130	320,356			$ 1,431,154	$ 1,367,952	$ 1,398,964
Selling, general and administrative expenses				328,315	309,246	312,570	301,602	326,365	300,195	317,164	295,278			1,251,733	1,239,002	1,241,643
Operating income				42,217	53,176	72,634	11,394	5,768	28,138	69,966	25,078			179,421	128,950	157,321
Interest expense, net				24,136	24,585	25,549	27,037	27,608	27,076	27,173	26,795			101,307	108,652	104,857
Gain on early retirement of debt, net						(1,127)	(41,138)
Net income				$ 17,738	$ 28,552	$ 48,347	$ 25,406	$ (21,458)	$ 1,773	$ 42,103	$ (976)			$ 120,043	$ 21,442	$ 58,501

Subsequent Event - Additional I

Subsequent Event - Additional Informations (Detail) - USD ($) $ / shares in Units, $ in Thousands	Nov. 06, 2020	Nov. 03, 2020	Oct. 06, 2020	Jun. 30, 2020	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Mar. 31, 2020
Subsequent Event [Line Items]
Common stock, par value (in dollars per share)				$ 0.01	$ 0.01
Stock issuance costs			$ 6,100
Repayments of term loan					$ 29,653	$ 118,257
Affiliates of KKR
Subsequent Event [Line Items]
Ownership interest			69.90%
New Academy Holding Company, LLC
Subsequent Event [Line Items]
Ownership interest							100.00%
Repayments of term loan							$ 122,819	$ 18,250	$ 37,989
Subsequent Event
Subsequent Event [Line Items]
Repayments of term loan	$ 1,431,400
Payments for debt refinancing	2,500
Subsequent Event | Senior Notes | A2020 Senior Secured Notes
Subsequent Event [Line Items]
Debt face amount	$ 400,000
Interest rate, stated percentage	6.00%
Subsequent Event | Secured Debt | A2020 Senior Secured Notes
Subsequent Event [Line Items]
Debt face amount	$ 400,000
Subsequent Event | Secured Debt | A 2020 Term Loan Facility
Subsequent Event [Line Items]
Debt instrument, periodic payment, principal	$ 1,000
Debt instrument, guarantee, percent of capital stock pledged	100.00%
Debt Instrument, Guarantee, Percent Of Voting Capital Stock Pledged	66.00%
Subsequent Event | LIBOR Rate | Secured Debt | Variable Rate Component, One | A 2020 Term Loan Facility
Subsequent Event [Line Items]
Interest rate floor	0.75%
Debt instrument, basis spread on variable rate	5.00%
Subsequent Event | LIBOR Rate | Secured Debt | Variable Rate Component, Two | A 2020 Term Loan Facility
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Subsequent Event | Federal funds rate | Secured Debt | Variable Rate Component, Two | A 2020 Term Loan Facility
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Subsequent Event | Base Rate | Secured Debt | Variable Rate Component, Two | A 2020 Term Loan Facility
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Subsequent Event | Debt Instrument Redemption Option One | Senior Notes | A2020 Senior Secured Notes
Subsequent Event [Line Items]
Redemption price, percentage	100.00%
Subsequent Event | Debt Instrument Redemption Option Two [Member] | Senior Notes | A2020 Senior Secured Notes
Subsequent Event [Line Items]
Redemption price, percentage	106.00%
Redemption price, percentage of principal amount redeemed	40.00%
Subsequent Event | Debt Instrument Redemption Option Three | Senior Notes | A2020 Senior Secured Notes
Subsequent Event [Line Items]
Redemption price, percentage	101.00%
Subsequent Event | Affiliates of KKR
Subsequent Event [Line Items]
Ownership interest		68.50%
Subsequent Event | New Academy Holding Company, LLC | New Academy Holding Company
Subsequent Event [Line Items]
Common stock purchased				100
Price per share				$ 1
Subsequent Event | New Academy Holding Company, LLC | ABL Credit Facility
Subsequent Event [Line Items]
Borrowed amount										$ 500,000
Debt repayment				$ 500,000
Subsequent Event | Over-Allotment Option
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)		1,807,495
Common stock, par value (in dollars per share)		$ 0.01
Price per share (in dollars per share)		12.22
Offering price, net of underwriting discounts (in dollars per share)		$ 13
Net proceeds from sale of stock		$ 22,100
Stock issuance costs		$ 300
Subsequent Event | Over-Allotment Option | Maximum
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)		2,343,750

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Detail) - $ / shares	Oct. 31, 2020	Jun. 30, 2020
Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Authorized	300,000,000	1,000
Common stock, issued (in shares)	88,103,975	100

Long-Term Debt - 2018 ABL Facil

Long-Term Debt - 2018 ABL Facility and Capitalized Interest - Additional Information (Detail) - USD ($)	May 22, 2018	Jul. 02, 2015	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Debt Instrument [Line Items]
Outstanding letters of credit			$ 30,800,000		$ 30,800,000
Capitalized interest			100,000	$ 200,000	400,000	$ 500,000
Revolving Credit Facility | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Debt term		5 years
Maximum borrowing capacity	$ 1,000,000,000	$ 650,000,000
Springing maturity clause period	91 days
Credit facility increase limit	$ 250,000,000
Borrowings outstanding			0		0
Remaining borrowing capacity			844,700,000		844,700,000
Unused commitment fee, percentage		0.25%
Revolving Credit Facility | Line of Credit | LIBOR Rate | Senior Secured Asset-Based Revolving Credit Facility | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Revolving Credit Facility | Line of Credit | LIBOR Rate | Minimum | Senior Secured Asset-Based Revolving Credit Facility | Variable Rate Component, One
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
Revolving Credit Facility | Line of Credit | LIBOR Rate | Maximum | Senior Secured Asset-Based Revolving Credit Facility | Variable Rate Component, One
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Revolving Credit Facility | Line of Credit | Federal funds rate | Senior Secured Asset-Based Revolving Credit Facility | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Revolving Credit Facility | Line of Credit | Base Rate | Minimum | Senior Secured Asset-Based Revolving Credit Facility | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.25%
Revolving Credit Facility | Line of Credit | Base Rate | Maximum | Senior Secured Asset-Based Revolving Credit Facility | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate		0.75%
Letter of Credit | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding letters of credit			$ 21,100,000		$ 21,100,000

Derivative Financial Instrume_8

Derivative Financial Instruments - Impact of Gains and Losses Related to Interest Rate Swaps (Parenthetical) (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2020USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized loss on interest rate swaps, tax	$ 53
Recognized interest expense on interest rate swaps, tax	221
Loss on swaps from debt refinancing, tax	$ 330

Equity and Share-Based Compen_8

Equity and Share-Based Compensation - Units Granted (Detail) - $ / shares	Aug. 28, 2020	Oct. 31, 2020
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, granted (in shares)		1,417,961
Options, weighted average grant date fair value (in usd per share)		$ 8.48
Options, weighted average exercise price (in usd per share)		$ 16.87
Service Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, granted (in shares)		11,564
Restricted units, weighted average grant date fair value (in usd per share)		$ 17.30
Liquidity Event Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, granted (in shares)	50,590	1,185,474
Restricted units, weighted average grant date fair value (in usd per share)		$ 17.99
Performance Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, granted (in shares)		12,772
Restricted units, weighted average grant date fair value (in usd per share)		$ 13.04

Equity and Share-Based Compen_9

Equity and Share-Based Compensation - Unrecognized Compensation Cost (Detail)	9 Months Ended
	Oct. 31, 2020USD ($)
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, options	$ 18,952,974
Weighted average life remaining in years	2 years 8 months 12 days
Performance Unit Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, options	$ 883,794
Weighted average life remaining in years	2 years 3 months 18 days
Service Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, restricted units	$ 68,493
Weighted average life remaining in years	4 months 24 days
Liquidity Event Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, restricted units	$ 18,037,924
Weighted average life remaining in years	2 years 1 month 6 days
Performance Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, restricted units	$ 159,999
Weighted average life remaining in years	1 year 7 months 6 days