Academy Sports and Outdoors (ASO) 10-Q 10 Dec 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Oct. 30, 2021	Dec. 03, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 30, 2021
Document Transition Report	false
Entity File Number	001-39589
Entity Registrant Name	Academy Sports and Outdoors, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-1800912
Entity Address, Address Line One	1800 North Mason Road
Entity Address, City or Town	Katy
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77449
City Area Code	281
Local Phone Number	646-5200
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ASO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		88,534,994
Entity Central Index Key	0001817358
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--01-29

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 401,297	$ 377,604	$ 869,725
Accounts receivable - less allowance for doubtful accounts of $1,139, $1,172 and $1,286, respectively	12,368	17,306	11,908
Merchandise inventories, net	1,325,979	990,034	1,082,907
Prepaid expenses and other current assets	44,491	28,313	25,789
Assets held for sale	1,763	1,763	1,763
Total current assets	1,785,898	1,415,020	1,992,092
PROPERTY AND EQUIPMENT, NET	358,110	378,260	382,620
RIGHT-OF-USE ASSETS	1,087,407	1,143,699	1,163,361
TRADE NAME	577,144	577,000	577,000
GOODWILL	861,920	861,920	861,920
OTHER NONCURRENT ASSETS	5,516	8,583	4,923
Total assets	4,675,995	4,384,482	4,981,916
CURRENT LIABILITIES:
Accounts payable	919,196	791,404	868,879
Accrued expenses and other current liabilities	304,488	291,351	274,612
Current lease liabilities	86,701	80,338	79,361
Current maturities of long-term debt	3,000	4,000	18,250
Total current liabilities	1,313,385	1,167,093	1,241,102
LONG-TERM DEBT, NET	683,845	781,489	1,408,885
LONG-TERM LEASE LIABILITIES	1,088,142	1,150,088	1,171,420
DEFERRED TAX LIABILITIES, NET	188,243	138,703	132,701
OTHER LONG-TERM LIABILITIES	26,386	35,126	43,244
Total liabilities	3,300,001	3,272,499	3,997,352
COMMITMENTS AND CONTINGENCIES (NOTE 13)
REDEEMABLE MEMBERSHIP UNITS	0	0	0
STOCKHOLDERS' / PARTNERS' EQUITY:
Preferred stock, $0.01 par value, authorized 50,000,000 shares; none issued and outstanding	0	0	0
Common stock, $0.01 par value, authorized 300,000,000 shares; 88,164,878; 91,114,475; and 88,103,975 issued and outstanding as of October 30, 2021, January 30, 2021, and October 31, 2020, respectively.	882	911	881
Additional paid-in capital	188,329	127,228	93,064
Retained earnings	1,188,271	987,168	895,646
Accumulated other comprehensive loss	(1,488)	(3,324)	(5,027)
Stockholders' / partners' equity	1,375,994	1,111,983	984,564
Total liabilities and stockholders' / partners' equity	$ 4,675,995	$ 4,384,482	$ 4,981,916

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,139	$ 1,172	$ 1,286
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
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, authorized (in shares)	300,000,000	300,000,000	300,000,000
Common stock, issued (in shares)	88,164,878	91,114,475	88,103,975
Common stock, outstanding (in shares)	88,164,878	91,114,475	88,103,975	[1]
[1]	(1) See Retrospective Presentation of Ownership Exchange in Note 2.

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Income Statement [Abstract]
NET SALES	$ 1,592,795	$ 1,349,076	$ 4,964,658	$ 4,091,797
COST OF GOODS SOLD	1,031,957	908,565	3,197,623	2,856,840
GROSS MARGIN	560,838	440,511	1,767,035	1,234,957
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	344,725	358,955	1,057,290	955,591
OPERATING INCOME	216,113	81,556	709,745	279,366
INTEREST EXPENSE, NET	11,424	22,399	38,130	70,487
(GAIN) LOSS ON EARLY RETIREMENT OF DEBT, NET	0	0	2,239	(7,831)
OTHER (INCOME) EXPENSE, NET	(614)	764	(1,746)	(857)
INCOME BEFORE INCOME TAXES	205,303	58,393	671,122	217,567
INCOME TAX (BENEFIT) EXPENSE	43,998	(1,193)	141,511	325
NET INCOME	$ 161,305	$ 59,586	$ 529,611	$ 217,242
EARNINGS PER COMMON SHARE:
BASIC (in dollars per share)	$ 1.77	$ 0.78	$ 5.76	$ 2.94
DILUTED (in dollars per share)	$ 1.72	$ 0.74	$ 5.55	$ 2.82
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
BASIC (in shares)	91,140	76,771	91,951	73,908
DILUTED (in shares)	93,844	80,714	95,504	77,171

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 161,305	$ 59,586	$ 529,611	$ 217,242
Unrealized loss on interest rate swaps	0	(331)	0	(5,371)
Recognized interest expense on interest rate swaps	489	2,811	2,384	7,578
Loss on swaps from debt refinancing	0	1,330	0	1,330
Tax expense	(115)	(498)	(548)	(498)
Total comprehensive income	$ 161,679	$ 62,898	$ 531,447	$ 220,281

Consolidated Statements of Part

Consolidated Statements of Partners'/Stockholders' Equity - USD ($) $ in Thousands		Total	Partners' Equity	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Redeemable Membership Units, beginning balance (in shares) at Feb. 01, 2020	[1]	162,000
Redeemable Membership Units, beginning balance at Feb. 01, 2020		$ 2,818
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
Partners' Equity, beginning balance (in shares) at Feb. 01, 2020	[1]		72,306,000
Partners' Equity, beginning balance at Feb. 01, 2020		$ 988,219	$ 996,285				$ (8,066)
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at Feb. 01, 2020	[1]	72,468,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ (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]	72,478,000
Redeemable Membership Units, beginning balance (in shares) at Feb. 01, 2020	[1]	162,000
Redeemable Membership Units, beginning balance at Feb. 01, 2020		$ 2,818
Redeemable Membership Units, ending balance at Oct. 31, 2020		0
Partners' Equity, beginning balance (in shares) at Feb. 01, 2020	[1]		72,306,000
Partners' Equity, beginning balance at Feb. 01, 2020		$ 988,219	$ 996,285				(8,066)
Redeemable Membership Units and Partners' Equity, beginning balance (in shares) at Feb. 01, 2020	[1]	72,468,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 217,242
Stockholders' Equity, ending balance (in shares) at Oct. 31, 2020	[1]	88,103,975		88,104,000
Stockholders' Equity, ending balance at Oct. 31, 2020		$ 984,564		$ 881	$ 93,064	$ 895,646	(5,027)
Partners' Equity, ending balance at Oct. 31, 2020							(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]	72,478,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 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 (in shares)	[1]	(172,000)
Effect of the Reorganization Transactions		$ (2,977)
Redeemable Membership Units, ending balance at Oct. 31, 2020		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		59,586				59,586
Distributions to holders of Membership Units		(257,000)	$ (257,000)
Effect of the Reorganization Transactions (in shares)	[1]		(72,306,000)	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)	[1]	15,625,000		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 (in shares)	[1]	1,000		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		$ 1,000					1,000
Stockholders' Equity, ending balance (in shares) at Oct. 31, 2020	[1]	88,103,975		88,104,000
Stockholders' Equity, ending balance at Oct. 31, 2020		$ 984,564		$ 881	93,064	895,646	(5,027)
Partners' Equity, ending balance at Oct. 31, 2020							(5,027)
Redeemable Membership Units, beginning balance at Jan. 30, 2021		$ 0
Stockholders' Equity, beginning balance (in shares) at Jan. 30, 2021		91,114,475		91,114,000
Stockholders' Equity, beginning balance at Jan. 30, 2021		$ 1,111,983		$ 911	127,228	987,168	(3,324)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		177,796				177,796
Equity compensation		$ 5,874			5,874
Settlement of vested Restricted Stock Units (in shares)		87,000		87,000
Settlement of vested Restricted Stock Units		$ 0		$ 1	(1)
Share-Based Award Payments adjustment for forfeitures		$ 39			39
Stock option exercises (in shares)		2,686,000		2,686,000
Stock option exercises		$ 17,257		$ 27	17,230
Recognized interest expense on interest rate swaps		$ 926					926
Stockholders' Equity, ending balance (in shares) at May. 01, 2021		93,887,000		93,887,000
Stockholders' Equity, ending balance at May. 01, 2021		$ 1,313,875		$ 939	150,370	1,164,964	(2,398)
Redeemable Membership Units, beginning balance at Jan. 30, 2021		0
Redeemable Membership Units, ending balance at Oct. 30, 2021		$ 0
Stockholders' Equity, beginning balance (in shares) at Jan. 30, 2021		91,114,475		91,114,000
Stockholders' Equity, beginning balance at Jan. 30, 2021		$ 1,111,983		$ 911	127,228	987,168	(3,324)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 529,611
Repurchase of common stock for retirement (in shares)		(8,952,866)
Repurchase of common stock for retirement		$ (345,800)
Stockholders' Equity, ending balance (in shares) at Oct. 30, 2021		88,164,878		88,165,000
Stockholders' Equity, ending balance at Oct. 30, 2021		$ 1,375,994		$ 882	188,329	1,188,271	(1,488)
Stockholders' Equity, beginning balance (in shares) at May. 01, 2021		93,887,000		93,887,000
Stockholders' Equity, beginning balance at May. 01, 2021		$ 1,313,875		$ 939	150,370	1,164,964	(2,398)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		190,510				190,510
Equity compensation		$ 27,331			27,331
Repurchase of common stock for retirement (in shares)		(3,230,000)		(3,230,000)
Repurchase of common stock for retirement		$ (100,000)		$ (32)	(5,299)	(94,669)
Settlement of vested Restricted Stock Units (in shares)		836,000		836,000
Settlement of vested Restricted Stock Units		$ 0		$ 8	(8)
Issuance of common stock under employee stock purchase plan (in shares)		35,000		35,000
Issuance of common stock under employee stock purchase plan		$ 945			945
Stock option exercises (in shares)		1,356,000		1,356,000
Stock option exercises		$ 14,421		$ 14	14,407
Recognized interest expense on interest rate swaps		$ 536					536
Stockholders' Equity, ending balance (in shares) at Jul. 31, 2021		92,884,000		92,884,000
Stockholders' Equity, ending balance at Jul. 31, 2021		$ 1,447,618		$ 929	187,746	1,260,805	(1,862)
Redeemable Membership Units, ending balance at Oct. 30, 2021		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		161,305				161,305
Equity compensation		$ 2,921			2,921
Repurchase of common stock for retirement (in shares)		(5,722,892)		(5,723,000)
Repurchase of common stock for retirement		$ (245,837)		$ (57)	(11,941)	(233,839)
Stock option exercises (in shares)		1,004,000		1,004,000
Stock option exercises		$ 9,613		$ 10	9,603
Recognized interest expense on interest rate swaps		$ 374					374
Stockholders' Equity, ending balance (in shares) at Oct. 30, 2021		88,164,878		88,165,000
Stockholders' Equity, ending balance at Oct. 30, 2021		$ 1,375,994		$ 882	$ 188,329	$ 1,188,271	$ (1,488)
[1]	(1) See Retrospective Presentation of Ownership Exchange in Note 2.

Consolidated Statements of Pa_2

Consolidated Statements of Partners'/Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Statement of Stockholders' Equity [Abstract]
Unrealized loss on interest rate swaps, tax				$ 53		$ 53
Recognized interest expense on interest rate swaps, tax	$ 115	$ 163	$ 270	221	$ 548	221
Loss on swaps from debt refinancing, tax				$ 330		$ 330

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 529,611	$ 217,242
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	77,767	79,718
Non-cash lease expense	708	14,870
Equity compensation	36,126	27,049
Amortization of terminated interest rate swaps, deferred loan and other costs	4,787	2,734
Loss on swaps from debt refinancing	0	1,330
Deferred income taxes	48,991	(11,739)
Non-cash (gain) loss on early retirement of debt, net	2,239	(7,831)
Casualty loss	0	114
Changes in assets and liabilities:
Accounts receivable, net	4,938	2,121
Merchandise inventories, net	(335,945)	16,727
Prepaid expenses and other current assets	(16,177)	(1,151)
Other noncurrent assets	2,207	245
Accounts payable	128,743	439,682
Accrued expenses and other current liabilities	34,683	44,733
Income taxes payable	(1,830)	9,590
Other long-term liabilities	(1,785)	21,784
Net cash provided by operating activities	515,063	857,218
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(58,567)	(21,915)
Purchases of intangible assets	(144)	0
Notes receivable from member	0	8,125
Net cash used in investing activities	(58,711)	(13,790)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from ABL Facility	0	500,000
Repayment of ABL Facility	0	(500,000)
Repayment of Term Loan	(101,500)	(29,653)
Debt issuance fees	(927)	(556)
Share-Based Award Payments	(11,214)	(20,724)
Distribution	0	(257,000)
Proceeds from issuance of common stock, net of Offering Costs	0	184,882
Proceeds from exercise of stock options	41,292	0
Proceeds from issuance of common stock under employee stock purchase program	945	0
Taxes paid related to net share settlement of equity awards	(15,418)	0
Repurchase of common stock for retirement	(345,837)	0
Repurchase of Redeemable Membership Units	0	(37)
Net cash used in financing activities	(432,659)	(123,088)
NET INCREASE IN CASH AND CASH EQUIVALENTS	23,693	720,340
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	377,604	149,385
CASH AND CASH EQUIVALENTS AT END OF PERIOD	401,297	869,725
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	28,481	68,759
Cash paid for income taxes	95,799	2,461
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Non-cash issuance of common shares	501	132
Change in capital expenditures in accounts payable and accrued liabilities	950	985
Right-of-use assets obtained in exchange for new operating leases	$ 10,924	$ 84,595

Nature of Operations

Nature of Operations	9 Months Ended
	Oct. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	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 the September 2021 Secondary Offering (as defined below), KKR no longer holds an ownership 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 October 30, 2021, 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. We also sell merchandise to customers across most of the United States via our academy.com website. Initial Public Offering and Reorganization Transactions On October 6, 2020, ASO, Inc. completed an initial public offering (the "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 (File No. 333-248683) (the "Registration Statement"), which was declared effective by the Securities and Exchange Commission (the "SEC") on October 1, 2020. 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. IPO Over-Allotment Exercise On November 3, 2020, ASO, Inc. 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 "IPO Over-Allotment Exercise"). The option expired with respect to the remaining shares. Secondary Offering On January 27, 2021, ASO, Inc. entered into an Underwriting Agreement (the “Underwriting Agreement”), by and among ASO, Inc., Allstar LLC, Allstar Co-Invest Blocker L.P., KKR 2006 Allstar Blocker L.P., MSI 2011 LLC, MG Family Limited Partnership and the former management selling stockholder named therein (collectively, the “Selling Stockholders”), and Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (the “Underwriters”), relating to an underwritten offering of 12,000,000 shares of common stock (the “Secondary Offering”), pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-252390), filed on January 25, 2021. The Selling Stockholders granted the Underwriters the option to purchase, within 30 days from the date of the Underwriting Agreement, an additional 1,800,000 shares of common stock. On January 29, 2021, the Underwriters exercised in full their option to purchase the additional shares. The Secondary Offering was completed on February 1, 2021. Pursuant to the Underwriting Agreement, the Underwriters purchased the shares from the Selling Stockholders at a price of approximately $20.69 per share. The Company did not receive any proceeds from the Secondary Offering. May 2021 Secondary Offering and Stock Repurchase On May 5, 2021, ASO, Inc. entered into an underwriting agreement (the “May 2021 Underwriting Agreement”), by and among ASO, Inc., Allstar LLC, Allstar Co-Invest Blocker L.P., KKR 2006 Allstar Blocker L.P., MSI 2011 LLC and MG Family Limited Partnership (collectively, the “May 2021 Selling Stockholders”), and Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (the “May 2021 Underwriters”), relating to an underwritten offering of 14,000,000 shares of common stock at $30.96 per share (the “May 2021 Secondary Offering”), pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-255720), filed on May 3, 2021. The May 2021 Selling Stockholders granted the May 2021 Underwriters the option to purchase, within 30 days from the date of the May 2021 Underwriting Agreement, an additional 2,100,000 shares of common stock. On May 6, 2021, the May 2021 Underwriters exercised in full their option to purchase the additional shares. The May 2021 Secondary Offering also included the Company's repurchase and simultaneous retirement of 3,229,974 shares out of the 14,000,000 shares at $30.96 per share, the same price granted to the May 2021 Underwriters, which was at a discount to the prevailing market price at the time of repurchase (see Note 9). The May 2021 Secondary Offering was completed on May 10, 2021. The Company did not receive any proceeds from the May 2021 Secondary Offering. The May 2021 Secondary Offering reduced the KKR ownership interest in the Company, resulting in a vesting event (the "2021 Vesting Event") for awards granted under the 2011 Unit Incentive Plan, whereby unvested time awards and performance-based awards which had previously met their performance targets vested and unvested performance-based awards which had not previously met their performance targets were forfeited. As a result, we incurred approximately $24.9 million in non-cash expenses related to equity-based compensation and approximately $15.4 million of cash expenses related to taxes on equity-based compensation. Additionally, approximately $8.2 million of Share-Based Award Payments (see Note 9) for equity-based compensation distributions were accelerated during the 2021 second quarter. September 2021 Secondary Offering and Stock Repurchase On September 14, 2021, ASO, Inc. entered into an underwriting agreement (the “September 2021 Underwriting Agreement”), by and among ASO, Inc., Allstar LLC, Allstar Co-Invest Blocker L.P. and KKR 2006 Allstar Blocker L.P. (collectively, the “September 2021 Selling Stockholders”), and Credit Suisse Securities (USA) LLC, as representative of the several underwriters named therein (the “September 2021 Underwriters”), relating to an underwritten offering (the “September 2021 Secondary Offering”) of 18,645,602 shares of common stock at approximately $43.52 per share, pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-259477), filed on September 13, 2021. The September 2021 Secondary Offering also included the Company’s repurchase and simultaneous retirement of 4,500,000 shares out of the 18,645,602 shares of common stock at approximately $43.52, the same price granted to the September 2021 Underwriters, which was at a discount to the prevailing market price at the time of repurchase (see Note 9). The September 2021 Secondary Offering was completed on September 17, 2021. The Company did not receive any proceeds from the September 2021 Secondary Offering.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	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 of Regulation S-X for interim financial statements, however, they do not include all information and footnotes required by United States generally accepted accounting principles ("GAAP") for complete financial statements. Certain information and footnote disclosures normally included in our annual consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. However, we believe that the disclosures included herein are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended January 30, 2021, as filed with the Securities and Exchange Commission on April 7, 2021 (the "Annual Report"). The information furnished herein reflects all normal recurring adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. The results of operations for the thirteen and thirty-nine weeks ended October 30, 2021 are not necessarily indicative of the results that will be realized for the fiscal year ending January 29, 2022 or any other period. The balance sheet as of January 30, 2021 has been derived from our audited financial statements as of that date. For further information, refer to our audited financial statements and notes thereto included in the Annual Report. Basis of Presentation and Principles of Consolidation These unaudited condensed consolidated financial statements include the accounts of ASO, Inc. and its subsidiaries, NAHC, Academy Managing Co., LLC, Associated Investors, LLC, Academy, Ltd., the Company's operating company, and Academy International Limited. NAHC, Academy Managing Co., LLC, and Associated Investors, LLC are intermediate holding companies. All intercompany balances and transactions have been eliminated in consolidation. ASO Co-Invest Blocker Sub, L.P. and ASO Blocker Sub, L.P. were dissolved effective January 31, 2021. 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 the possibility of additional unforeseen effects from the COVID-19 pandemic, these estimates remain challenging, and actual results could differ materially from our estimates. Reclassifications 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 October 31, 2020 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 periods presented, including the periods presented on the Statements of Partners’ / Stockholders’ Equity and in Note 9. Equity and Share-Based Compensation. 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 was dissolved and its assets were distributed to its members on December 23, 2020. Managers was 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 9). Each outstanding Redeemable Membership Unit in Managers corresponded to an outstanding NAHC Membership Unit, on a unit-for-unit basis. 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 was 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 operated and controlled all business affairs of Managers. The terms and conditions of the agreements governing the Redeemable Membership Units included provisions by which the holder, or its heirs, had 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 was classified as temporary equity, initially at fair value, as redemption was an event that was not solely within our control. If redemption became probable, we were required to re-measure the Redeemable Membership Units to fair value. Periodically, these rights lapsed due to contractual expiration or a holder's termination of employment for reasons other than death or disability. Recent Accounting Pronouncements ASU 2019-12 Income Taxes (Topic 740) In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes". ASU 2019-12 is effective for fiscal years and interim periods beginning after December 15, 2020. This update simplifies the accounting for income taxes by removing certain exceptions and amends existing guidance to improve consistent application. The Company adopted ASU 2019-12 on January 31, 2021 and it did not have a material impact on our financial position, results of operations or cash flows. Reference Rate Reform

Net Sales

Net Sales	9 Months Ended
	Oct. 30, 2021
Revenue from Contract with Customer [Abstract]
Net Sales	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 sales are recognized upon delivery to the customer. 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 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Merchandise division sales (1) Outdoors $ 578,987 $ 487,401 $ 1,604,045 $ 1,448,987 Sports and recreation 285,614 262,979 1,098,621 917,656 Apparel 399,852 319,258 1,269,106 941,432 Footwear 320,119 272,626 967,839 762,173 Total merchandise sales (2) 1,584,572 1,342,264 4,939,611 4,070,248 Other sales (3) 8,223 6,812 25,047 21,549 Net Sales $ 1,592,795 $ 1,349,076 $ 4,964,658 $ 4,091,797 (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 October 31, 2020 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 sales consisted of 8.0% of merchandise sales for the thirteen and thirty-nine weeks ended October 30, 2021, and 7.5% and 9.8% for the thirteen and thirty-nine weeks ended October 31, 2020, respectively. (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 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Gift card liability, beginning balance $ 60,526 $ 55,410 $ 74,253 $ 67,993 Issued 17,407 14,910 61,333 47,524 Redeemed (19,006) (17,861) (74,749) (61,574) Recognized as breakage income (618) (370) (2,528) (1,854) Gift card liability, ending balance $ 58,309 $ 52,089 $ 58,309 $ 52,089

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Our debt consisted of the following (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 ABL Facility, due November 2025 $ — $ — $ — Term Loan, due November 2027 298,500 400,000 1,431,419 Notes, due November 2027 400,000 400,000 — Total debt 698,500 800,000 1,431,419 Less current maturities (3,000) (4,000) (18,250) Less unamortized discount on Term Loan (2,572) (3,861) (1,752) Less deferred loan costs (1) (9,083) (10,650) (2,532) Long-term debt, net $ 683,845 $ 781,489 $ 1,408,885 (1) Deferred loan costs are related to the Term Loan and Notes. As of October 30, 2021, January 30, 2021 and October 31, 2020, the balance in deferred loan costs related to the ABL Facility (as defined below) was approximately $4.6 million, $5.5 million and $2.6 million, respectively, and was included in other noncurrent assets on our consolidated balance sheets. Total amortization of deferred loan costs was $0.6 million and $2.0 million for the thirteen and thirty-nine weeks ended October 30, 2021, respectively, and $0.6 million and $1.9 million for the thirteen and thirty-nine weeks ended October 31, 2020, respectively. Total expenses related to accretion of original issuance discount were $0.1 million and $0.4 million for the thirteen and thirty-nine weeks ended October 30, 2021, respectively, and $0.3 million and $0.8 million for the thirteen and thirty-nine weeks ended October 31, 2020, respectively. The expenses related to amortization of deferred loan costs and accretion of original issuance discount are included in interest expense, net on the consolidated statements of income. On November 6, 2020, the Company issued the Notes (as defined below), entered into the 2020 Term Loan (as defined below), and entered into the 2020 ABL Facility (the "Refinancing Transactions"). The Company used the net proceeds from the Notes and the net proceeds from the 2020 Term Loan, 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. On May 25, 2021, the Company refinanced its 2020 Term Loan and paid down approximately $99.0 million of the 2020 Term Loan. Term Loan We refer to the 2015 Term Loan, the 2020 Term Loan and the Amendment collectively as the "Term Loan". On July 2, 2015, Academy, Ltd. entered into a seven-year $1.8 billion senior secured term loan facility (the "2015 Term Loan") 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 (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 of $1.8 billion, which was net of discount of $9.1 million. The 2015 Term Loan bore interest at our election, at either (1) LIBOR rate with a floor of 1.00%, plus a margin of 4.00%, or (2) a base rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) Morgan Stanley Senior Funding, Inc.'s "prime rate," or (c) the one-month LIBOR rate plus 1.00%, plus a margin of 3.00%. Quarterly principal payments of approximately $4.6 million were required through June 30, 2022, with the balance due in full on the maturity date of July 2, 2022. On November 6, 2020, Academy, Ltd. entered into a seven-year $400.0 million senior secured term loan (the "2020 Term Loan") with Credit Suisse AG, Cayman Island Branch ("Credit Suisse"), as the administrative agent and collateral agent and the several other lenders and parties. The 2020 Term Loan will mature on November 6, 2027. The 2020 Term Loan bore 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 LIBOR rate plus 1.00%, plus a margin of 4.00%. Quarterly principal payments of approximately $1.0 million were required through September 30, 2027, with the balance due in full on the maturity date of November 6, 2027. On May 25, 2021, Academy, Ltd. entered into Amendment No. 4 (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of November 6, 2020, among Academy, Ltd., as Borrower, Credit Suisse AG, Cayman Islands Branch, as the administrative agent and collateral agent, the several lenders party thereto and the several other parties named therein (as previously amended, the “Existing Credit Agreement” and as amended by the Amendment, the “Amended Credit Agreement”). Pursuant to the terms of the Amendment, Academy, Ltd. (i) reduced the applicable margin on LIBOR borrowings under the Existing Credit Agreement from 5.00% to 3.75% and (ii) utilized cash on hand to repay $99.0 million of outstanding borrowings under the Existing Credit Agreement, leaving an outstanding principal balance of $300.0 million under the Amended Credit Agreement. Quarterly principal payments of $750.0 thousand are required through September 30, 2027 and borrowings under the Amended Credit Agreement will continue to mature on November 6, 2027. All other material terms and provisions of the 2020 Term Loan remain substantially the same as the terms and provisions in place immediately prior to the effectiveness of the Amendment. As of October 30, 2021, the weighted average interest rate was 4.50%, with interest payable monthly. The terms and conditions of the Amendment also require that the outstanding balance under the Loan is prepaid under certain circumstances. In connection with the 2020 Term Loan and the Amendment, the Company capitalized related professional fees of $5.8 million as deferred loan costs. As of October 30, 2021, no prepayment was due under the terms and conditions of the Term Loan. In connection with the Amendment, the Company recognized a non-cash loss on early retirement of debt of $2.2 million in the thirty-nine weeks ended October 30, 2021 from the write-off of deferred loan costs and expense related to the original issuance discount associated with our 2020 Term Loan. During the thirty-nine weeks ended October 31, 2020, we repurchased principal on our 2015 Term Loan, which was trading at a discount, in open market transactions. The following table provides further detail regarding the repurchase (amounts in millions): Thirty-Nine Weeks Ended October 31, 2020 Gross principal repurchased $ 23.9 Reacquisition price of debt $ 16.0 Net gain recognized $ 7.8 Notes On November 6, 2020, Academy, Ltd. issued $400.0 million of 6.00% senior secured notes which are due November 15, 2027 (the "Notes"), pursuant to an indenture, dated as of November 6, 2020 (the "Indenture") with The Bank of New York Mellon Trust Company, N.A., as trustee and collateral agent. The 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. In connection with issuance of the Notes, the Company capitalized related professional fees of $5.2 million as deferred loan costs. 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 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 Notes at a redemption price equal to 100% of the principal amount of the 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 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. ABL Facility We refer to the 2015 ABL Facility and the 2020 ABL Facility collectively as the "ABL Facility". On July 2, 2015, Academy, Ltd. entered into a five-year $650 million secured asset-based revolving credit facility (the "2015 ABL Facility"). On May 22, 2018, the Company amended the agreement governing the 2015 ABL Facility to increase the commitment on the facility from $650 million to $1 billion. In connection with the amendment to the 2015 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. The 2015 ABL Facility was scheduled to mature on May 22, 2023, subject to a springing maturity clause which could have been triggered 91 days before the July 2, 2022 maturity of the 2015 Term Loan. On November 6, 2020, Academy, Ltd., as borrower, and the Guarantors, as guarantors, amended the 2015 ABL Facility by entering into an 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 to November 6, 2025 (the "2020 ABL Facility"). In connection with the 2020 ABL Facility, the Company capitalized related professional fees of $3.1 million as deferred loan costs. The 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 30, 2021, we had outstanding letters of credit of approximately $20.5 million, of which $17.8 million were issued under the ABL Facility, and we had no borrowings outstanding under the ABL Facility, leaving the available borrowing capacity under the ABL Facility of $982.2 million. Borrowings under the 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 LIBOR rate plus 1.00%, plus a margin of 0.25% to 0.75%. The ABL Facility also provides a fee applicable to the unused commitments of 0.25%. The terms and conditions of the ABL Facility also require that we prepay outstanding loans under the ABL Facility under certain circumstances. As of October 30, 2021, no future prepayments of outstanding loans have been triggered under the terms and conditions of the ABL Facility. Covenants . The ABL Facility and Term Loan agreements and the Indenture contain covenants, including, among other things, covenants that restrict Academy, Ltd.'s ability to incur certain additional indebtedness, create or permit liens on assets, engage in mergers or consolidations, pay dividends, make other restricted payments, make loans or advances, engage in transactions with affiliates or amend material documents. Additionally, at certain times, the ABL Facility is subject to a minimum adjusted fixed charge coverage ratio. These covenants are subject to certain qualifications and limitations. We were in compliance with these covenants as of October 30, 2021. Capitalized Interest. We capitalized interest primarily related to store renovations and information technology initiatives in the amount of $0.1 million and $0.4 million for the thirteen and thirty-nine weeks ended October 30, 2021, respectively, and $0.1 million and $0.4 million for the thirteen and thirty-nine weeks ended October 31, 2020, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Oct. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We have historically used 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 Term Loan. 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. 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 a portion of our interest rate swaps as cash flow hedges, leaving $250 million notional principal amount designated and $650 million undesignated. The remaining $4.0 million loss in AOCI as of October 31, 2020 related to the de-designated hedges would then be amortized as an increase to interest expense over the original maturity of the de-designated swaps. The de-designated $650 million notional principal amount of fixed interest rate swaps would have received mark-to-market treatment prospectively, with changes in fair value recorded immediately to other (income) expense, net on the statements of income. On January 19, 2021, we settled our three remaining outstanding interest rate swaps in full, which were scheduled to expire on various dates during 2021, for $4.1 million. As of October 30, 2021, we do not have any derivative financial instruments outstanding. The fair value of these interest rate swaps is as follows (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 Derivatives designated as hedging instruments Liabilities Amounts included in accrued expenses and other current liabilities $ — $ — $ 1,198 Amounts included in other long-term liabilities — — 136 Total derivatives designated as hedging instruments net liability $ — $ — $ (1,334) 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) 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 Term Loan. The impact of gains and losses related to interest rate swaps that are deferred into AOCI and subsequently reclassified into expense as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Accumulated Other Comprehensive Loss, beginning $ (1,862) $ (8,339) $ (3,324) $ (8,066) Loss deferred into AOCI (net of tax impact of $53 in both the thirteen and thirty-nine weeks ended October 31, 2020) — (278) — (5,318) Increase to interest expense (net of tax impact of $115 and $548 for the thirteen and thirty-nine weeks ended October 30, 2021, respectively, and $221 for both the thirteen and thirty-nine weeks ended October 31, 2020) 374 2,590 1,836 7,357 Loss on swaps from debt refinancing in other (income) expense, net (net of tax impact of $330 for both the thirteen and thirty-nine weeks ended October 31, 2020) — 1,000 — 1,000 Accumulated Other Comprehensive Loss, ending $ (1,488) $ (5,027) $ (1,488) $ (5,027)

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	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 30, 2021 January 30, 2021 October 31, 2020 Liabilities Interest rate swap Level 2 $ — $ — $ 5,882 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 risk. We have considered unobservable market factors such as the likelihood of default by us and our counterparty, our net exposures, credit enhancements, and remaining maturities in determining a credit valuation adjustment to include as part of the fair value of our derivative financial instruments. To date, the credit valuation adjustment did not comprise a material portion of the fair value of the derivative financial instruments. Therefore, we consider our derivative financial instruments to fall within Level 2 of the fair value hierarchy. 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 30, 2021, January 30, 2021 and October 31, 2020, we held $294.0 million, $284.0 million and $767.0 million in money market funds, respectively.

Property and Equipment

Property and Equipment	9 Months Ended
	Oct. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consists of the following (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 Leasehold improvements $ 455,542 $ 438,287 $ 435,094 Equipment and software 593,479 561,333 543,147 Furniture and fixtures 332,368 319,764 317,371 Construction in progress 16,486 23,575 27,979 Land 3,698 3,699 3,698 Total property and equipment 1,401,573 1,346,658 1,327,289 Accumulated depreciation and amortization (1,043,463) (968,398) (944,669) Property and equipment, net $ 358,110 $ 378,260 $ 382,620 Depreciation expense was $26.5 million and $77.8 million, respectively, in the thirteen and thirty-nine weeks ended October 30, 2021, and $25.5 million and $79.7 million in the thirteen and thirty-nine weeks ended October 31, 2020, respectively, and is included in selling, general and administrative expenses on the consolidated statements of income.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Oct. 30, 2021
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 Accrued interest $ 12,676 $ 7,684 $ 6,996 Accrued personnel costs 91,433 113,032 72,995 Accrued professional fees 3,632 2,547 6,041 Accrued sales and use tax 23,111 14,980 18,590 Accrued self-insurance 13,784 13,471 13,136 Deferred revenue - gift cards and other 61,145 76,778 54,557 Income taxes payable 21,900 23,730 19,197 Interest rate swaps — — 5,746 Property taxes 45,056 16,978 49,679 Sales return allowance 5,800 5,800 5,000 Other 25,951 16,351 22,675 Accrued expenses and other current liabilities $ 304,488 $ 291,351 $ 274,612

Equity and Share-Based Compensa

Equity and Share-Based Compensation	9 Months Ended
	Oct. 30, 2021
Share-based Payment Arrangement [Abstract]
Equity and Share-Based Compensation	Equity and Share-Based Compensation Equity On September 2, 2021, the Board of Directors of the Company authorized a share repurchase program (the "Share Repurchase Program") under which the Company may purchase up to $500 million of its outstanding shares during the three-year period ending September 2, 2024. Under the Share Repurchase Program, repurchases can be made using a variety of methods, which may include open market purchases, block trades, privately negotiated transactions and/or a non-discretionary trading plan, all in compliance with the rules of the SEC and other applicable legal requirements. The timing, manner, price and amount of any common share repurchases will be determined by the Company in its discretion and will depend on a variety of factors, including legal requirements, price and economic and market conditions. The Share Repurchase Program does not obligate the Company to acquire any particular number of common shares, and the program may be suspended, extended, modified or discontinued at any time. During the thirteen and thirty-nine weeks ended October 30, 2021, we repurchased and concurrently retired 5,722,892 and 8,952,866 shares of ASO, Inc. common stock for an aggregate amount of $245.8 million and $345.8 million, respectively, which includes purchases that were made pursuant to the Share Repurchase Program and those that were made prior to the Share Repurchase Program. The Company allocates the excess of the repurchase price over the par value of shares acquired to Retained Earnings and Additional Paid-in Capital. The portion allocated to Additional Paid-in Capital is determined by dividing the number of shares to be retired by the number of shares issued multiplied by the balance of Additional Paid-in Capital as of the retirement date. As of October 30, 2021, approximately $254.2 million remained available for share repurchases pursuant to our Share Repurchase Program. 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 30, 2021, there were 3,539,843 shares that were authorized and available for grant under the 2020 Omnibus Incentive Plan. On September 29, 2020, the Academy Sports and Outdoors, Inc. Board of Directors adopted the 2020 Employee Stock Purchase Plan (the "ESPP"), which became effective on October 1, 2020. We have reserved a total of 2,000,000 shares and as of October 30, 2021, there were 1,964,614 shares authorized and available for future issuance under the ESPP. Equity compensation expense was $2.9 million and $36.1 million for the thirteen and thirty-nine weeks ended October 30, 2021, respectively, which includes approximately $24.9 million in non-cash expenses related to the 2021 Vesting Event which occurred during the 2021 second quarter. Equity compensation expense was $23.4 million and $27.0 million for 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. These costs are included in selling, general and administrative expenses in the statements of income. 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. ESPP Our ESPP allows eligible employees to contribute up to 15% of their eligible earnings toward the semi-annual purchase of the Company's shares of common stock at a discount of 15% of the closing stock price on the first or last day of the six-month offering period, whichever is lower. The number of shares reserved for issuance under the ESPP will be increased automatically on the first day of each fiscal year, beginning in fiscal year 2021, by a number equal to the lesser of (1) 1,000,000 shares of common stock, (2) 2.0% of the total number of all classes of the company's common stock outstanding on the last day of the immediately preceding fiscal year, or (3) a lower number of shares determined by the ASO, Inc. Board of Directors. 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 were entitled to receive value equal to $1.1257 per Award (or $3.5460 as converted using the Contribution Ratio), which was made in the form of cash payments, additional Restricted Unit grants or Unit Option exercise price adjustments. Cash payments due for unvested Awards were paid 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 $32.2 million were paid in-full as of July 31, 2021. No further Share-Based Award Payments relative to the distribution are payable as of October 30, 2021. These exercise price adjustments did not increase the value of the Unit Options and no related additional equity compensation was 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. Expected price volatility was determined based on the implied volatilities of comparable companies over a historical period that matches the expected life of the Award. The risk-free interest rate was based on the expected U.S. Treasury rate over the expected life. The dividend yield was based on the expectation that no dividends will be paid. The assumptions used to calculate the fair value of Awards granted are evaluated and modified, as necessary, to reflect current market conditions and experience. The following table presents the assumptions and grant date fair values for Service Options granted in the thirty-nine weeks ended October 30, 2021: Expected life in years 6.18 Expected volatility 42% to 44% Weighted-average volatility 44 % Risk-free interest rate 1.00% to 1.22% Dividend yield — The following table presents the Award grants during the thirty-nine weeks ended October 30, 2021: Service Options Service Restricted Stock Units Performance Restricted Stock Units Number of shares 907,901 344,129 194,504 Weighted average grant date fair value per Award $ 11.87 $ 36.40 $ 27.29 Weighted average exercise price per Award $ 27.29 N/A N/A The following table presents the unrecognized compensation cost as of October 30, 2021: Service Options Service Restricted Stock Units Performance Restricted Stock Units Remaining expense $ 9,898,239 $ 10,808,988 $ 3,445,405 Weighted average life remaining in years 3.4 3.0 3.2

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Oct. 30, 2021
Earnings Per Share [Abstract]
Earnings per Common Share	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 (amounts in thousands except per share amounts): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Net income $ 161,305 $ 59,586 $ 529,611 $ 217,242 Weighted average common shares outstanding - basic 91,140 76,771 91,951 73,908 Dilutive effect of Service Restricted Units and Service Restricted Stock Units 72 6 14 9 Dilutive effect of Performance Restricted Stock Units and Liquidity Event Restricted Units 109 1,423 401 991 Dilutive effect of Service Options 2,207 1,081 2,381 871 Dilutive effect of Performance Unit Options and Performance Stock Options 316 1,433 757 1,392 Dilutive effect of ESPP shares — — — — Weighted average common shares outstanding - diluted 93,844 80,714 95,504 77,171 Earnings per common share - basic $ 1.77 $ 0.78 $ 5.76 $ 2.94 Earnings per common share - diluted $ 1.72 $ 0.74 $ 5.55 $ 2.82 Anti-dilutive stock-based awards excluded from diluted calculation 4 4,460 60 1,648

Income Taxes

Income Taxes	9 Months Ended
	Oct. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	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 completed on October 1, 2020, 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. NAHC continued to operate as a tax partnership through January 30, 2021. Effective January 31, 2021, NAHC discontinued partnership treatment for tax purposes. As a result, our deferred tax liability was no longer measured by reference to membership units in NAHC and instead was measured by reference to the underlying assets and liabilities of our operations. No change in the total reported deferred tax liability occurred as a result of the change in tax structure. The table below reflects the allocation of the deferred tax liability previously reflected for “Investment in NAHC” to the underlying assets and liabilities of the business based on the estimated fair value as of January 31, 2021 (amounts in thousands): January 30, 2021 Effect of Change January 31, 2021 Deferred tax assets: Accounts receivable $ — $ 274 $ 274 Accrued liabilities and reserves — 37,760 37,760 Equity compensation — 22,854 22,854 Other — — — Total deferred tax assets — 60,888 60,888 Deferred tax liabilities: Investment in NAHC (138,358) 138,358 — Inventory — (17,387) (17,387) Prepaid items — (4,124) (4,124) Property and equipment — (11,531) (11,531) Intangible assets — (166,204) (166,204) Other (345) — (345) Total deferred tax liabilities (138,703) (60,888) (199,591) Total net deferred tax liabilities $ (138,703) $ — $ (138,703) The Company determines its income tax expense by applying an estimated annual effective tax rate to its income before income taxes for the interim period. The current tax payable is based on the estimated federal and state income tax payments, while the remainder of income tax expense or benefit for the period is recorded to the net deferred tax asset or liability account. For the thirteen and thirty-nine weeks ended October 30, 2021, ASO, Inc. recorded $44.0 million and $141.5 million of income tax expense, respectively, which included changes in income taxes payable of $92.5 million and net deferred tax liabilities of $49.0 million as of October 30, 2021.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Oct. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	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 provided advisory, consulting and financial services to us. In accordance with the terms of the Monitoring Agreement, we paid an aggregate annual advisory fee which increased by 5.0% annually on each anniversary of the Effective Date. The Adviser also charged us a customary fee for services rendered in connection with securing, structuring and negotiating equity and debt financings by us. Additionally, we were required to reimburse the Adviser for any out-of-pocket expenses in connection with these services. The Monitoring Agreement continued in effect from year-to-year, unless amended or terminated by the Adviser and us. 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 was 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, of approximately $13.0 million and $14.8 million in the thirteen and thirty-nine weeks ended October 31, 2020, respectively. These expenses are included in selling, general and administrative expenses in the statements of income. Other Related Party Transactions In connection with the September 2021 Secondary Offering and the May 2021 Secondary Offering, we repurchased from the underwriters (1) 4,500,000 shares of ASO, Inc. common stock at approximately $43.52 for approximately $195.8 million and (2) 3,229,974 shares of ASO, Inc. common stock at $30.96 per share for approximately $100.0 million. The shares repurchased were immediately retired by the Company (see Note 1 and Note 9). We paid $2.7 million to KCM during the third quarter of 2020 for underwriting services in connection with the IPO. Additionally, KKR has ownership interest in a broad range of portfolio companies and we may have entered into commercial transactions for goods or services in the ordinary course of business with these companies. We do not believe such transactions were material to our business. Upon completion of the September 2021 Secondary Offering, KKR no longer holds an ownership interest in the Company. Investments in Managers 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. 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. Note Receivable from Member and Distribution Prior to October 1, 2020, under NAHC's LLC agreement, certain members could 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 of NAHC. The note receivable bore semi-annual compounding interest at 2.5% with outstanding principal and interest due on April 10, 2022. This note receivable was recorded in other non-current assets on the balance sheet. On April 5, 2018, the Company loaned $4.1 million with a note receivable issued to a member of NAHC. The note receivable bore semi-annual compounding interest at 2.1%, with outstanding principal and interest due on April 5, 2021, and was recorded in prepaid expenses and other non-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 9). 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 of NAHC.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Technology Related Commitments and Other As of October 30, 2021, we have obligations under technology-related, construction and other contractual commitments in the amount of $26.2 million. Of such commitments, approximately $16.5 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 in lawsuits, claims and demands brought by various parties relating to matters normally incident to our business. No individual case, or group of cases presenting substantially similar issues of law or fact, is expected to have a material effect on the manner in which we conduct our business or on our results of operations, financial position or liquidity. The majority of these cases are alleging product, premises, employment and/or commercial liability. Reserves have been established that we believe to be adequate based on our current evaluations and experience in these types of claim situations. However, the ultimate outcome of these cases cannot be determined at this time. We believe, taking into consideration our indemnities, insurance and reserves, the ultimate resolution of these matters will not have a material impact on our financial position, results of operations or cash flows. 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	These unaudited condensed consolidated financial statements include the accounts of ASO, Inc. and its subsidiaries, NAHC, Academy Managing Co., LLC, Associated Investors, LLC, Academy, Ltd., the Company's operating company, and Academy International Limited.
Principals of Consolidation	All intercompany balances and transactions have been eliminated in consolidation. ASO Co-Invest Blocker Sub, L.P. and ASO Blocker Sub, L.P. were dissolved effective January 31, 2021.
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 the possibility of additional unforeseen effects from the COVID-19 pandemic, these estimates remain challenging, and actual results could differ materially from our estimates.
Reclassifications	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 October 31, 2020 for comparability purposes. This reclassification is in divisional presentation only and did not impact the overall net sales balances previously disclosed.
Recent Accounting Pronouncements	ASU 2019-12 Income Taxes (Topic 740) In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes". ASU 2019-12 is effective for fiscal years and interim periods beginning after December 15, 2020. This update simplifies the accounting for income taxes by removing certain exceptions and amends existing guidance to improve consistent application. The Company adopted ASU 2019-12 on January 31, 2021 and it did not have a material impact on our financial position, results of operations or cash flows. Reference Rate Reform

Net Sales (Tables)

Net Sales (Tables)	9 Months Ended
	Oct. 30, 2021
Revenue from Contract with Customer [Abstract]
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 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Merchandise division sales (1) Outdoors $ 578,987 $ 487,401 $ 1,604,045 $ 1,448,987 Sports and recreation 285,614 262,979 1,098,621 917,656 Apparel 399,852 319,258 1,269,106 941,432 Footwear 320,119 272,626 967,839 762,173 Total merchandise sales (2) 1,584,572 1,342,264 4,939,611 4,070,248 Other sales (3) 8,223 6,812 25,047 21,549 Net Sales $ 1,592,795 $ 1,349,076 $ 4,964,658 $ 4,091,797 (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 October 31, 2020 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 sales consisted of 8.0% of merchandise sales for the thirteen and thirty-nine weeks ended October 30, 2021, and 7.5% and 9.8% for the thirteen and thirty-nine weeks ended October 31, 2020, respectively. (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 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Gift card liability, beginning balance $ 60,526 $ 55,410 $ 74,253 $ 67,993 Issued 17,407 14,910 61,333 47,524 Redeemed (19,006) (17,861) (74,749) (61,574) Recognized as breakage income (618) (370) (2,528) (1,854) Gift card liability, ending balance $ 58,309 $ 52,089 $ 58,309 $ 52,089

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Our debt consisted of the following (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 ABL Facility, due November 2025 $ — $ — $ — Term Loan, due November 2027 298,500 400,000 1,431,419 Notes, due November 2027 400,000 400,000 — Total debt 698,500 800,000 1,431,419 Less current maturities (3,000) (4,000) (18,250) Less unamortized discount on Term Loan (2,572) (3,861) (1,752) Less deferred loan costs (1) (9,083) (10,650) (2,532) Long-term debt, net $ 683,845 $ 781,489 $ 1,408,885 (1) Deferred loan costs are related to the Term Loan and Notes.
Debt Instrument Redemption	The following table provides further detail regarding the repurchase (amounts in millions): Thirty-Nine Weeks Ended October 31, 2020 Gross principal repurchased $ 23.9 Reacquisition price of debt $ 16.0 Net gain recognized $ 7.8

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Oct. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Interest Rate Swaps	The fair value of these interest rate swaps is as follows (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 Derivatives designated as hedging instruments Liabilities Amounts included in accrued expenses and other current liabilities $ — $ — $ 1,198 Amounts included in other long-term liabilities — — 136 Total derivatives designated as hedging instruments net liability $ — $ — $ (1,334) 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)
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 expense as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Accumulated Other Comprehensive Loss, beginning $ (1,862) $ (8,339) $ (3,324) $ (8,066) Loss deferred into AOCI (net of tax impact of $53 in both the thirteen and thirty-nine weeks ended October 31, 2020) — (278) — (5,318) Increase to interest expense (net of tax impact of $115 and $548 for the thirteen and thirty-nine weeks ended October 30, 2021, respectively, and $221 for both the thirteen and thirty-nine weeks ended October 31, 2020) 374 2,590 1,836 7,357 Loss on swaps from debt refinancing in other (income) expense, net (net of tax impact of $330 for both the thirteen and thirty-nine weeks ended October 31, 2020) — 1,000 — 1,000 Accumulated Other Comprehensive Loss, ending $ (1,488) $ (5,027) $ (1,488) $ (5,027)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 30, 2021
Fair Value Disclosures [Abstract]
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 30, 2021 January 30, 2021 October 31, 2020 Liabilities Interest rate swap Level 2 $ — $ — $ 5,882

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Oct. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 Leasehold improvements $ 455,542 $ 438,287 $ 435,094 Equipment and software 593,479 561,333 543,147 Furniture and fixtures 332,368 319,764 317,371 Construction in progress 16,486 23,575 27,979 Land 3,698 3,699 3,698 Total property and equipment 1,401,573 1,346,658 1,327,289 Accumulated depreciation and amortization (1,043,463) (968,398) (944,669) Property and equipment, net $ 358,110 $ 378,260 $ 382,620

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Oct. 30, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 Accrued interest $ 12,676 $ 7,684 $ 6,996 Accrued personnel costs 91,433 113,032 72,995 Accrued professional fees 3,632 2,547 6,041 Accrued sales and use tax 23,111 14,980 18,590 Accrued self-insurance 13,784 13,471 13,136 Deferred revenue - gift cards and other 61,145 76,778 54,557 Income taxes payable 21,900 23,730 19,197 Interest rate swaps — — 5,746 Property taxes 45,056 16,978 49,679 Sales return allowance 5,800 5,800 5,000 Other 25,951 16,351 22,675 Accrued expenses and other current liabilities $ 304,488 $ 291,351 $ 274,612
Schedule of Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: October 30, 2021 January 30, 2021 October 31, 2020 Accrued interest $ 12,676 $ 7,684 $ 6,996 Accrued personnel costs 91,433 113,032 72,995 Accrued professional fees 3,632 2,547 6,041 Accrued sales and use tax 23,111 14,980 18,590 Accrued self-insurance 13,784 13,471 13,136 Deferred revenue - gift cards and other 61,145 76,778 54,557 Income taxes payable 21,900 23,730 19,197 Interest rate swaps — — 5,746 Property taxes 45,056 16,978 49,679 Sales return allowance 5,800 5,800 5,000 Other 25,951 16,351 22,675 Accrued expenses and other current liabilities $ 304,488 $ 291,351 $ 274,612

Equity and Share-Based Compen_2

Equity and Share-Based Compensation (Tables)	9 Months Ended
	Oct. 30, 2021
Share-based Payment Arrangement [Abstract]
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 30, 2021: Expected life in years 6.18 Expected volatility 42% to 44% Weighted-average volatility 44 % Risk-free interest rate 1.00% to 1.22% Dividend yield —
Units Granted	The following table presents the Award grants during the thirty-nine weeks ended October 30, 2021: Service Options Service Restricted Stock Units Performance Restricted Stock Units Number of shares 907,901 344,129 194,504 Weighted average grant date fair value per Award $ 11.87 $ 36.40 $ 27.29 Weighted average exercise price per Award $ 27.29 N/A N/A
Unrecognized Compensation Cost	The following table presents the unrecognized compensation cost as of October 30, 2021: Service Options Service Restricted Stock Units Performance Restricted Stock Units Remaining expense $ 9,898,239 $ 10,808,988 $ 3,445,405 Weighted average life remaining in years 3.4 3.0 3.2

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Oct. 30, 2021
Earnings Per Share [Abstract]
Earnings per Common Share	Basic and diluted weighted average common shares outstanding and basic and diluted earnings per common share are calculated as follows (amounts in thousands except per share amounts): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 30, 2021 October 31, 2020 October 30, 2021 October 31, 2020 Net income $ 161,305 $ 59,586 $ 529,611 $ 217,242 Weighted average common shares outstanding - basic 91,140 76,771 91,951 73,908 Dilutive effect of Service Restricted Units and Service Restricted Stock Units 72 6 14 9 Dilutive effect of Performance Restricted Stock Units and Liquidity Event Restricted Units 109 1,423 401 991 Dilutive effect of Service Options 2,207 1,081 2,381 871 Dilutive effect of Performance Unit Options and Performance Stock Options 316 1,433 757 1,392 Dilutive effect of ESPP shares — — — — Weighted average common shares outstanding - diluted 93,844 80,714 95,504 77,171 Earnings per common share - basic $ 1.77 $ 0.78 $ 5.76 $ 2.94 Earnings per common share - diluted $ 1.72 $ 0.74 $ 5.55 $ 2.82 Anti-dilutive stock-based awards excluded from diluted calculation 4 4,460 60 1,648

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Oct. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	The table below reflects the allocation of the deferred tax liability previously reflected for “Investment in NAHC” to the underlying assets and liabilities of the business based on the estimated fair value as of January 31, 2021 (amounts in thousands): January 30, 2021 Effect of Change January 31, 2021 Deferred tax assets: Accounts receivable $ — $ 274 $ 274 Accrued liabilities and reserves — 37,760 37,760 Equity compensation — 22,854 22,854 Other — — — Total deferred tax assets — 60,888 60,888 Deferred tax liabilities: Investment in NAHC (138,358) 138,358 — Inventory — (17,387) (17,387) Prepaid items — (4,124) (4,124) Property and equipment — (11,531) (11,531) Intangible assets — (166,204) (166,204) Other (345) — (345) Total deferred tax liabilities (138,703) (60,888) (199,591) Total net deferred tax liabilities $ (138,703) $ — $ (138,703)

Nature of Operations (Details)

Nature of Operations (Details)	Sep. 14, 2021USD ($)$ / sharesshares	May 10, 2021USD ($)$ / sharesshares	Jan. 27, 2021USD ($)$ / sharesshares	Nov. 03, 2020USD ($)$ / sharesshares	Oct. 06, 2020USD ($)$ / sharesshares	Oct. 30, 2021locationdistributionCenterstate$ / sharesshares	Jul. 31, 2021USD ($)shares	Oct. 30, 2021USD ($)locationdistributionCenterstate$ / sharesshares	Oct. 31, 2020USD ($)$ / shares	Jan. 30, 2021$ / shares
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of retail locations | location						259		259
Number of states | state						16		16
Number of distribution centers | distributionCenter						3		3
Common stock, par value (in dollars per share) | $ / shares				$ 0.01	$ 0.01	$ 0.01		$ 0.01	$ 0.01	$ 0.01
Stock issuance costs | $					$ 6,100,000
Conversion ratio					3.15
Stock repurchased and retired during period, price per share (in dollars per share) | $ / shares	$ 43.52	$ 30.96
Repurchase of common stock for retirement (in shares) | shares	4,500,000	3,229,974				5,722,892	3,230,000	8,952,866
Noncash equity compensation expense | $		$ 24,900,000					$ 24,900,000	$ 36,126,000	$ 27,049,000
Taxes paid related to net share settlement of equity awards | $		$ 15,400,000						$ 15,418,000	$ 0
Accelerated equity compensation cost | $							$ 8,200,000
Principal Owner
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock issuance costs | $					$ 2,700,000
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
Price per share (in dollars per share) | $ / shares					$ 12.22
Offering price, net of underwriting discounts (in dollars per share) | $ / shares					$ 13
Net proceeds from sale of stock | $					$ 184,900,000
Over-Allotment Option
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued in transaction (in shares) | shares		2,100,000	1,800,000	1,807,495	2,343,750
Price per share (in dollars per share) | $ / shares				$ 12.22
Offering price, net of underwriting discounts (in dollars per share) | $ / shares				$ 13
Net proceeds from sale of stock | $				$ 22,100,000
Period to purchase additional shares		30 days	30 days
Over-Allotment Option | Principal Owner
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock issuance costs | $				$ 300,000
Secondary Offering
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued in transaction (in shares) | shares			12,000,000
Price per share (in dollars per share) | $ / shares			$ 20.69
Net proceeds from sale of stock | $			$ 0
May Secondary Offering
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued in transaction (in shares) | shares		14,000,000
Price per share (in dollars per share) | $ / shares		$ 30.96
Net proceeds from sale of stock | $		$ 0
Stock repurchased and retired during period, price per share (in dollars per share) | $ / shares		$ 30.96
September Secondary Offering
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued in transaction (in shares) | shares	18,645,602
Price per share (in dollars per share) | $ / shares	$ 43.52
Net proceeds from sale of stock | $	$ 0
Stock repurchased and retired during period, price per share (in dollars per share) | $ / shares	$ 43.52

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	Oct. 06, 2020$ / shares	Oct. 30, 2021$ / sharesshares	Jan. 30, 2021$ / sharesshares	Nov. 03, 2020$ / shares	Oct. 31, 2020$ / sharesshares
Accounting Policies [Abstract]
Conversion ratio	3.15
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock, authorized (in shares) | shares		300,000,000	300,000,000		300,000,000

Net Sales - Disaggregation of R

Net Sales - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,592,795	$ 1,349,076	$ 4,964,658	$ 4,091,797
Customer Concentration Risk | Revenue from Contract with Customer Benchmark | E-Commerce
Disaggregation of Revenue [Line Items]
Percentage of sales	8.00%	7.50%	8.00%	9.80%
Outdoors
Disaggregation of Revenue [Line Items]
Net Sales	$ 578,987	$ 487,401	$ 1,604,045	$ 1,448,987
Sports and recreation
Disaggregation of Revenue [Line Items]
Net Sales	285,614	262,979	1,098,621	917,656
Apparel
Disaggregation of Revenue [Line Items]
Net Sales	399,852	319,258	1,269,106	941,432
Footwear
Disaggregation of Revenue [Line Items]
Net Sales	320,119	272,626	967,839	762,173
Total merchandise
Disaggregation of Revenue [Line Items]
Net Sales	1,584,572	1,342,264	4,939,611	4,070,248
Other sales
Disaggregation of Revenue [Line Items]
Net Sales	$ 8,223	$ 6,812	$ 25,047	$ 21,549

Net Sales - Gift Card Liability

Net Sales - Gift Card Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Change in Contract with Customer, Liability [Roll Forward]
Gift card liability, beginning balance	$ 60,526	$ 55,410	$ 74,253	$ 67,993
Issued	17,407	14,910	61,333	47,524
Gift card liability, ending balance	58,309	52,089	58,309	52,089
Redeemed
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income	(19,006)	(17,861)	(74,749)	(61,574)
Recognized as breakage income
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income	$ (618)	$ (370)	$ (2,528)	$ (1,854)

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	May 25, 2021	Nov. 06, 2020	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021	May 22, 2018
Debt Instrument [Line Items]
Total debt			$ 698,500	$ 1,431,419	$ 698,500	$ 1,431,419	$ 800,000
Less current maturities			(3,000)	(18,250)	(3,000)	(18,250)	(4,000)
Less unamortized discount on Term Loan			(2,572)	(1,752)	(2,572)	(1,752)	(3,861)
Less deferred loan costs			(9,083)	(2,532)	(9,083)	(2,532)	(10,650)
Long-term debt, net			683,845	1,408,885	683,845	1,408,885	781,489
Amortization of terminated interest rate swaps, deferred loan and other costs					4,787	2,734
Repayments of term loan		$ 1,431,400			101,500	29,653
Secured Debt | Term Loan Facility
Debt Instrument [Line Items]
Total debt			298,500	1,431,419	298,500	1,431,419	400,000
Secured Debt | 2020 Term Loan Facility
Debt Instrument [Line Items]
Less deferred loan costs		(5,800)
Repayments of term loan	$ 99,000
Senior Notes | 2020 Senior Secured Notes
Debt Instrument [Line Items]
Total debt			400,000	0	400,000	0	400,000
Less deferred loan costs		(5,200)
Revolving Credit Facility | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Total debt			0	0	0	0	0
Revolving Credit Facility | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility
Debt Instrument [Line Items]
Less deferred loan costs		$ (3,100)						$ (2,800)
Amortization of terminated interest rate swaps, deferred loan and other costs			600	600	2,000	1,900
Accretion of original discount			100	300	400	800
Revolving Credit Facility | Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Other noncurrent assets
Debt Instrument [Line Items]
Less deferred loan costs			$ (4,600)	$ (2,600)	$ (4,600)	$ (2,600)	$ (5,500)

Long-Term Debt - Term Loan (Det

Long-Term Debt - Term Loan (Details) - USD ($)	May 25, 2021	May 24, 2021	Nov. 06, 2020	Jul. 02, 2015	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021	May 22, 2018
Debt Instrument [Line Items]
Debt discount					$ 2,572,000	$ 1,752,000	$ 2,572,000	$ 1,752,000	$ 3,861,000
Deferred loan costs					9,083,000	2,532,000	9,083,000	2,532,000	$ 10,650,000
Non-cash (gain) loss on early retirement of debt, net					$ 0	$ 0	$ 2,239,000	$ (7,831,000)
Secured Debt | 2015 Term Loan Facility
Debt Instrument [Line Items]
Debt term				7 years
Debt face amount				$ 1,800,000,000
Proceeds from Term Loan, net of discount				1,800,000,000
Debt discount				9,100,000
Quarterly principal payments				$ 4,600,000
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%
Secured Debt | 2020 Term Loan Facility
Debt Instrument [Line Items]
Debt term			7 years
Debt face amount			$ 400,000,000
Quarterly principal payments	$ 750,000		1,000,000
Repayment of debt	99,000,000
Borrowings outstanding	$ 300,000,000
Weighted average interest rate					4.50%		4.50%
Deferred loan costs			$ 5,800,000
Secured Debt | 2020 Term Loan Facility | LIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable rate	3.75%	5.00%
Secured Debt | 2020 Term Loan Facility | LIBOR Rate | Variable Rate Component, One
Debt Instrument [Line Items]
Interest rate floor			0.75%
Basis spread on variable rate			5.00%
Secured Debt | 2020 Term Loan Facility | LIBOR Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
Secured Debt | 2020 Term Loan Facility | Federal funds rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Secured Debt | 2020 Term Loan Facility | Base Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate			4.00%
Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Debt term				5 years
Maximum borrowing capacity				$ 650,000,000						$ 1,000,000,000
Borrowings outstanding					$ 0		$ 0
Deferred loan costs			$ 3,100,000							$ 2,800,000
Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Revolving Credit Facility | LIBOR Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
Line of Credit | Senior Secured Asset-Based Revolving Credit Facility | Revolving Credit Facility | Federal funds rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%

Long-Term Debt - Debt Repurchas

Long-Term Debt - Debt Repurchases (Details) - 2015 Term Loan Facility - Secured Debt $ in Millions	9 Months Ended
	Oct. 31, 2020USD ($)
Debt Instrument [Line Items]
Gross principal repurchased	$ 23.9
Reacquisition price of debt	16
Net gain recognized	$ 7.8

Long-Term Debt - Notes (Details

Long-Term Debt - Notes (Details) - USD ($)	Nov. 06, 2020	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Debt Instrument [Line Items]
Deferred loan costs		$ 9,083,000	$ 10,650,000	$ 2,532,000
2020 Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Debt face amount	$ 400,000,000
Interest rate, stated percentage	6.00%
Deferred loan costs	$ 5,200,000
2020 Senior Secured Notes | Senior Notes | Debt Instrument, Redemption Option One
Debt Instrument [Line Items]
Redemption price, percentage	100.00%
2020 Senior Secured Notes | Senior Notes | Debt Instrument, Redemption Option Two
Debt Instrument [Line Items]
Redemption price, percentage	106.00%
Redemption price, percentage of principal amount redeemed	40.00%

Long-Term Debt - ABL Facility,

Long-Term Debt - ABL Facility, Capitalized Interest (Details) - USD ($)	May 22, 2018	Jul. 02, 2015	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021	Nov. 06, 2020
Debt Instrument [Line Items]
Deferred loan costs			$ 9,083,000	$ 2,532,000	$ 9,083,000	$ 2,532,000	$ 10,650,000
Outstanding letters of credit			20,500,000		20,500,000
Capitalized interest			100,000	$ 100,000	400,000	$ 400,000
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
Deferred loan costs	2,800,000							$ 3,100,000
Write off of deferred loan costs	$ 100,000
Springing maturity clause period	91 days
Borrowings outstanding			0		0
Remaining borrowing capacity			982,200,000		982,200,000
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			$ 17,800,000		$ 17,800,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Summary of Interest Rate Swaps (Details) $ in Thousands	Jan. 19, 2021USD ($)swap	Oct. 30, 2021USD ($)	Jul. 31, 2021USD ($)	May 01, 2021USD ($)	Oct. 31, 2020USD ($)	Aug. 01, 2020USD ($)	May 02, 2020USD ($)	Oct. 30, 2021USD ($)	Oct. 31, 2020USD ($)	Oct. 28, 2020USD ($)
Derivative [Line Items]
Loss on swaps from debt refinancing		$ 0			$ (1,330)			$ 0	$ (1,330)
Recognized interest expense on interest rate swaps		$ 374	$ 536	$ 926	2,590	$ 2,874	$ 1,893
Interest rate swaps
Derivative [Line Items]
Loss on swaps from debt refinancing									1,300
Recognized interest expense on interest rate swaps									4,000
Number of interest rate swaps settled | swap	3
Derivatives settled	$ 4,100
Interest rate swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount of derivative					650,000				650,000	$ 100,000
Interest rate swaps | Designated as Hedging Instrument
Derivative [Line Items]
Notional amount of derivative					$ 250,000				$ 250,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value of Interest Rate Swaps (Details) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Derivative [Line Items]
Total derivatives designated as hedging instruments net liability	$ 0	$ 0	$ (5,882)
Designated as Hedging Instrument
Derivative [Line Items]
Total derivatives designated as hedging instruments net liability	0	0	(1,334)
Not Designated as Hedging Instrument
Derivative [Line Items]
Total derivatives designated as hedging instruments net liability	0	0	(4,548)
Interest rate swaps | Accrued expenses and other current liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Liabilities	0	0	1,198
Interest rate swaps | Accrued expenses and other current liabilities | Not Designated as Hedging Instrument
Derivative [Line Items]
Liabilities	0	0	4,548
Interest rate swaps | Other long-term liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Liabilities	$ 0	$ 0	$ 136

Derivative Financial Instrume_5

Derivative Financial Instruments - Impact of Gains and Losses Related to Interest Rate Swaps (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Oct. 30, 2021	Oct. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Stockholders' Equity, beginning balance	$ 1,447,618	$ 1,313,875	$ 1,111,983				$ 1,111,983
Partners' Equity, beginning balance				$ 1,149,096	$ 977,571	$ 988,219		$ 988,219
Loss deferred into AOCI (net of tax impact of $53 in both the thirteen and thirty-nine weeks ended October 31, 2020, respectively)				(278)	(606)	(4,434)
Recognized interest expense on interest rate swaps	374	536	926	2,590	2,874	1,893
Stockholders' Equity, ending balance	1,375,994	1,447,618	1,313,875	984,564			1,375,994	984,564
Partners' Equity, ending balance					1,149,096	977,571
Loss deferred into AOCI, tax				53				53
Increase (decrease) to interest expense, tax	115	163	270	221			548	221
Loss on swaps from debt refinancing, tax				330				330
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Stockholders' Equity, beginning balance	(1,862)	(2,398)	(3,324)				(3,324)
Partners' Equity, beginning balance				(8,339)	(10,607)	(8,066)		(8,066)
Loss deferred into AOCI (net of tax impact of $53 in both the thirteen and thirty-nine weeks ended October 31, 2020, respectively)					(606)	(4,434)
Recognized interest expense on interest rate swaps	374	536	926	2,590	2,874	1,893
Stockholders' Equity, ending balance	(1,488)	$ (1,862)	$ (2,398)	(5,027)			(1,488)	(5,027)
Partners' Equity, ending balance				(5,027)	$ (8,339)	$ (10,607)		(5,027)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Loss deferred into AOCI (net of tax impact of $53 in both the thirteen and thirty-nine weeks ended October 31, 2020, respectively)	0			(278)			0	(5,318)
Recognized interest expense on interest rate swaps	374			2,590			1,836	7,357
Loss on swaps from debt refinancing in other (income) expense	$ 0			$ 1,000			$ 0	$ 1,000

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Level 2
Liabilities
Interest rate swap	$ 0	$ 0	$ 5,882

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Borrowings, fair value	$ 700	$ 800	$ 1,400
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 294	$ 284	$ 767

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020	Jan. 30, 2021
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,401,573	$ 1,327,289	$ 1,401,573	$ 1,327,289	$ 1,346,658
Accumulated depreciation and amortization	(1,043,463)	(944,669)	(1,043,463)	(944,669)	(968,398)
Property and equipment, net	358,110	382,620	358,110	382,620	378,260
Depreciation expense	26,500	25,500	77,800	79,700
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	455,542	435,094	455,542	435,094	438,287
Equipment and software
Property, Plant and Equipment [Line Items]
Total property and equipment	593,479	543,147	593,479	543,147	561,333
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	332,368	317,371	332,368	317,371	319,764
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	16,486	27,979	16,486	27,979	23,575
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 3,698	$ 3,698	$ 3,698	$ 3,698	$ 3,699

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Oct. 30, 2021	Jan. 30, 2021	Oct. 31, 2020
Payables and Accruals [Abstract]
Accrued interest	$ 12,676	$ 7,684	$ 6,996
Accrued personnel costs	91,433	113,032	72,995
Accrued professional fees	3,632	2,547	6,041
Accrued sales and use tax	23,111	14,980	18,590
Accrued self-insurance	13,784	13,471	13,136
Deferred revenue - gift cards and other	61,145	76,778	54,557
Income taxes payable	21,900	23,730	19,197
Interest rate swaps	0	0	5,746
Property taxes	45,056	16,978	49,679
Sales return allowance	5,800	5,800	5,000
Other	25,951	16,351	22,675
Accrued expenses and other current liabilities	$ 304,488	$ 291,351	$ 274,612

Equity and Share-Based Compen_3

Equity and Share-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 14, 2021	Sep. 02, 2021	May 10, 2021	Aug. 28, 2020	Oct. 30, 2021	Jul. 31, 2021	Oct. 31, 2020	Jul. 31, 2021	Oct. 30, 2021	Oct. 31, 2020	Oct. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, authorized amount		$ 500,000
Share repurchase program, period in force		3 years
Repurchase of common stock for retirement (in shares)	4,500,000		3,229,974		5,722,892	3,230,000			8,952,866
Repurchase of common stock for retirement	$ 195,800		$ 100,000		$ 245,837	$ 100,000			$ 345,800
Share repurchase program, remaining authorized amount					254,200				254,200
Equity compensation expense					$ 2,900		$ 23,400		36,100	$ 27,000
Noncash equity compensation expense			$ 24,900			$ 24,900			36,126	27,049
Distribution				$ 257,000					$ 0	257,000
Distributions to unitholders (in dollars per share)				$ 1.1257
Distributions to unitholders after conversion (in dollars per share)				$ 3.5460
Cash used for distributions				$ 248,000
Exercise Price Range, One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price reduction, after conversion (in dollars per share)				$ 0.89
Unit options after conversion (in shares)				3,107,301
Exercise Price Range, Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price reduction, after conversion (in dollars per share)				$ 3.53
Unit options after conversion (in shares)				554,474
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future issuance (in shares)					2,000,000				2,000,000
Authorized for grant (in shares)					1,964,614				1,964,614
Percent of eligible earnings					15.00%				15.00%
Purchase discount percent									15.00%
Offering period									6 months
Number of additional shares allowable under the plan (in shares)					1,000,000				1,000,000
Percent of outstanding shares									2.00%
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense										$ 19,900
Restricted units, granted (in shares)				159,362
Unit Options | Exercise Price Range, One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price reduction (in dollars per share)				$ 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 per share)				$ 1.12
Unit options (in shares)				1,746,594
Liquidity Event Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, granted (in shares)				50,590
Unit Options And Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense								$ 32,200
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
Available for grant (in shares)					3,539,843				3,539,843
Authorized for grant (in shares)					3,539,843				3,539,843

Equity and Share-Based Compen_4

Equity and Share-Based Compensation - Assumptions and Grant Date Fair Values for Options Granted (Details) - Service Options	9 Months Ended
	Oct. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	6 years 2 months 4 days
Expected volatility, minimum	42.00%
Expected volatility, maximum	44.00%
Weighted-average volatility	44.00%
Risk-free interest rate, minimum	1.00%
Risk-free interest rate, maximum	1.22%
Dividend yield	0.00%

Equity and Share-Based Compen_5

Equity and Share-Based Compensation - Units Granted (Details)	9 Months Ended
	Oct. 30, 2021$ / sharesshares
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, granted (in shares) | shares	907,901
Options, weighted average grant date fair value (in usd per share)	$ 11.87
Options, weighted average exercise price (in usd per share)	$ 27.29
Service Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, granted (in shares) | shares	344,129
Restricted units, weighted average grant date fair value (in usd per share)	$ 36.40
Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, granted (in shares) | shares	194,504
Restricted units, weighted average grant date fair value (in usd per share)	$ 27.29

Equity and Share-Based Compen_6

Equity and Share-Based Compensation - Unrecognized Compensation Cost (Details)	Oct. 30, 2021USD ($)
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, options	$ 9,898,239
Weighted average life remaining in years	3 years 4 months 24 days
Service Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, restricted units	$ 10,808,988
Weighted average life remaining in years	3 years
Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining expense, restricted units	$ 3,445,405
Weighted average life remaining in years	3 years 2 months 12 days

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Oct. 30, 2021	Oct. 31, 2020
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income	$ 161,305	$ 190,510	$ 177,796	$ 59,586	$ 167,676	$ (10,020)	$ 529,611	$ 217,242
Weighted average common shares outstanding - basic (in shares)	91,140			76,771			91,951	73,908
Weighted average common shares outstanding - diluted (in shares)	93,844			80,714			95,504	77,171
Earnings per common share - basic (in usd per share)	$ 1.77			$ 0.78			$ 5.76	$ 2.94
Earnings per common share - diluted (in usd per share)	$ 1.72			$ 0.74			$ 5.55	$ 2.82
Anti-dilutive stock-based awards excluded from diluted calculation (in shares)	4			4,460			60	1,648
Service Restricted Units and Service Restricted Stock Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)	72			6			14	9
Performance Restricted Stock Units and Liquidity Event Restricted Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)	109			1,423			401	991
Service Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)	2,207			1,081			2,381	871
Performance Unit Options and Performance Stock Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)	316			1,433			757	1,392
ESPP
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)	0			0			0	0

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 30, 2021
Deferred tax assets:
Accounts receivable	$ 274
Accrued liabilities and reserves	37,760
Equity compensation	22,854
Other	0
Total deferred tax assets	60,888
Deferred tax liabilities:
Investment in NAHC	0
Inventory	(17,387)
Prepaid items	(4,124)
Property and equipment	(11,531)
Intangible assets	(166,204)
Other	(345)
Total deferred tax liabilities	(199,591)
Total net deferred tax liabilities	(138,703)
Previously Reported
Deferred tax assets:
Accounts receivable		$ 0
Accrued liabilities and reserves		0
Equity compensation		0
Other		0
Total deferred tax assets		0
Deferred tax liabilities:
Investment in NAHC		(138,358)
Inventory		0
Prepaid items		0
Property and equipment		0
Intangible assets		0
Other		(345)
Total deferred tax liabilities		(138,703)
Total net deferred tax liabilities		$ (138,703)
Revision of Prior Period, Adjustment
Deferred tax assets:
Accounts receivable	274
Accrued liabilities and reserves	37,760
Equity compensation	22,854
Other	0
Total deferred tax assets	60,888
Deferred tax liabilities:
Investment in NAHC	138,358
Inventory	(17,387)
Prepaid items	(4,124)
Property and equipment	(11,531)
Intangible assets	(166,204)
Other	0
Total deferred tax liabilities	(60,888)
Total net deferred tax liabilities	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ 43,998	$ (1,193)	$ 141,511	$ 325
Total current tax expense			92,500
Deferred income taxes			$ 48,991	$ (11,739)

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Sep. 14, 2021	May 10, 2021	Aug. 28, 2020	Apr. 10, 2019	Apr. 05, 2018	Aug. 03, 2011	Oct. 30, 2021	Jul. 31, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Related Party Transaction [Line Items]
Repurchase of common stock for retirement (in shares)	4,500,000	3,229,974					5,722,892	3,230,000		8,952,866
Stock repurchased and retired during period, price per share (in dollars per share)	$ 43.52	$ 30.96
Repurchase of common stock for retirement	$ 195,800,000	$ 100,000,000					$ 245,837,000	$ 100,000,000		$ 345,800,000
Distribution			$ 257,000,000							0	$ 257,000,000
Notes receivable from member										$ 0	8,125,000
Monitoring Agreement, advisory fees
Related Party Transaction [Line Items]
Related party expense									$ 13,000,000		14,800,000
Majority Shareholder
Related Party Transaction [Line Items]
Accrued underwriting expense									2,700,000		2,700,000
Majority Shareholder | Monitoring Agreement, advisory fees
Related Party Transaction [Line Items]
Annual advisory fee increase						5.00%
Contract termination fee									$ 12,300,000
Management
Related Party Transaction [Line Items]
Repurchase of redeemable membership units											$ 37,000
Member
Related Party Transaction [Line Items]
Interest rate				2.50%
Notes receivable from member			$ 8,500,000
Member | Related Party, Notes Receivable
Related Party Transaction [Line Items]
Note receivable issued to member				$ 4,000,000	$ 4,100,000
Interest rate					2.10%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	9 Months Ended
	Oct. 30, 2021USD ($)
Technology Related Commitments And Other
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations	$ 26.2
Contractual commitment obligations, payable in next 12 months	16.5
Sponsorship Agreement And Intellectual Property Commitments
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations	23.1
Contractual commitment obligations, payable in next 12 months	$ 8.3
Minimum | Sponsorship Agreement And Intellectual Property Commitments
Long-term Purchase Commitment [Line Items]
Agreement term	1 year
Maximum | Sponsorship Agreement And Intellectual Property Commitments
Long-term Purchase Commitment [Line Items]
Agreement term	3 years