Academy Sports and Outdoors (ASO) 10-Q 7 Dec 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Oct. 29, 2022	Nov. 30, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 29, 2022
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		78,144,893
Entity Central Index Key	0001817358
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--01-28

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 318,167	$ 485,998	$ 401,297
Accounts receivable - less allowance for doubtful accounts of $1,449, $732 and $1,139, respectively	15,998	19,718	12,368
Merchandise inventories, net	1,495,464	1,171,808	1,325,979
Prepaid expenses and other current assets	44,241	36,460	44,491
Assets held for sale	1,763	1,763	1,763
Total current assets	1,875,633	1,715,747	1,785,898
PROPERTY AND EQUIPMENT, NET	354,014	345,836	358,110
RIGHT-OF-USE ASSETS	1,100,522	1,079,546	1,087,407
TRADE NAME	577,571	577,215	577,144
GOODWILL	861,920	861,920	861,920
OTHER NONCURRENT ASSETS	12,804	4,676	5,516
Total assets	4,782,464	4,584,940	4,675,995
CURRENT LIABILITIES:
Accounts payable	840,585	737,826	919,196
Accrued expenses and other current liabilities	259,179	303,207	304,488
Current lease liabilities	88,447	83,077	86,701
Current maturities of long-term debt	3,000	3,000	3,000
Total current liabilities	1,191,211	1,127,110	1,313,385
LONG-TERM DEBT, NET	682,803	683,585	683,845
LONG-TERM LEASE LIABILITIES	1,093,909	1,077,667	1,088,142
DEFERRED TAX LIABILITIES, NET	242,843	217,212	188,243
OTHER LONG-TERM LIABILITIES	12,779	12,420	26,386
Total liabilities	3,223,545	3,117,994	3,300,001
COMMITMENTS AND CONTINGENCIES (NOTE 12)
STOCKHOLDERS' 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; 77,959,530; 87,079,394 and 88,164,878 issued and outstanding as of October 29, 2022, January 29, 2022 and October 30, 2021, respectively.	779	870	882
Additional paid-in capital	203,734	198,016	188,329
Retained earnings	1,354,406	1,268,060	1,188,271
Accumulated other comprehensive loss	0	0	(1,488)
Stockholders' equity	1,558,919	1,466,946	1,375,994
Total liabilities and stockholders' equity	$ 4,782,464	$ 4,584,940	$ 4,675,995

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,449	$ 732	$ 1,139
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)	77,959,530	87,079,394	88,164,878
Common stock, outstanding (in shares)	77,959,530	87,079,394	88,164,878

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Income Statement [Abstract]
NET SALES	$ 1,493,925	$ 1,592,795	$ 4,648,570	$ 4,964,658
COST OF GOODS SOLD	971,454	1,031,957	3,008,612	3,197,623
GROSS MARGIN	522,471	560,838	1,639,958	1,767,035
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	342,949	344,725	998,209	1,057,290
OPERATING INCOME	179,522	216,113	641,749	709,745
INTEREST EXPENSE, NET	12,163	11,424	34,240	38,130
LOSS ON EARLY RETIREMENT OF DEBT	0	0	0	2,239
OTHER (INCOME), NET	(2,538)	(614)	(4,676)	(1,746)
INCOME BEFORE INCOME TAXES	169,897	205,303	612,185	671,122
INCOME TAX EXPENSE	38,156	43,998	141,837	141,511
NET INCOME	$ 131,741	$ 161,305	$ 470,348	$ 529,611
EARNINGS PER COMMON SHARE:
BASIC (in dollars per share)	$ 1.67	$ 1.77	$ 5.67	$ 5.76
DILUTED (in dollars per share)	$ 1.62	$ 1.72	$ 5.54	$ 5.55
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
BASIC (in shares)	79,085	91,140	82,901	91,951
DILUTED (in shares)	81,379	93,844	84,910	95,504

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 131,741	$ 161,305	$ 470,348	$ 529,611
Recognized interest expense on interest rate swaps	0	489	0	2,384
Tax expense	0	(115)	0	(548)
Total comprehensive income	$ 131,741	$ 161,679	$ 470,348	$ 531,447

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Stockholders' Equity, beginning balance (in shares) at Jan. 30, 2021		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
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
Stock option exercises	17,257	$ 27	17,230
Recognized interest expense on interest rate swaps (net of tax impact)	926				926
Stockholders' Equity, ending balance (in shares) at May. 01, 2021		93,887,000
Stockholders' Equity, ending balance at May. 01, 2021	1,313,875	$ 939	150,370	1,164,964	(2,398)
Stockholders' Equity, beginning balance (in shares) at Jan. 30, 2021		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
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)
Repurchase of common stock for retirement	(100,000)	$ (32)	(5,299)	(94,669)
Settlement of vested Restricted Stock Units (in shares)		836,000
Settlement of vested Restricted Stock Units	0	$ 8	(8)
Issuance of common stock under employee stock purchase plan (in shares)		35,000
Issuance of common stock under employee stock purchase plan	945	$ 0	945
Stock option exercises (in shares)		1,356,000
Stock option exercises	14,421	$ 14	14,407
Recognized interest expense on interest rate swaps (net of tax impact)	536				536
Stockholders' Equity, ending balance (in shares) at Jul. 31, 2021		92,884,000
Stockholders' Equity, ending balance at Jul. 31, 2021	1,447,618	$ 929	187,746	1,260,805	(1,862)
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
Stock option exercises	9,613	$ 10	9,603
Recognized interest expense on interest rate swaps (net of tax impact)	$ 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)
Stockholders' Equity, beginning balance (in shares) at Jan. 29, 2022	87,079,394	87,079,000
Stockholders' Equity, beginning balance at Jan. 29, 2022	$ 1,466,946	$ 870	198,016	1,268,060	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	149,806			149,806
Equity compensation	3,499		3,499
Repurchase of common stock for retirement (in shares)		(2,272,000)
Repurchase of common stock for retirement	(88,501)	$ (23)	(5,247)	(83,231)
Settlement of vested Restricted Stock Units (in shares)		63,000
Settlement of vested Restricted Stock Units	0	$ 1	(1)
Stock option exercises (in shares)		201,000
Stock option exercises	3,294	$ 2	3,292
Cash dividends declared, $0.075 per share	(6,536)			(6,536)
Stockholders' Equity, ending balance (in shares) at Apr. 30, 2022		85,071,000
Stockholders' Equity, ending balance at Apr. 30, 2022	$ 1,528,508	$ 850	199,559	1,328,099	0
Stockholders' Equity, beginning balance (in shares) at Jan. 29, 2022	87,079,394	87,079,000
Stockholders' Equity, beginning balance at Jan. 29, 2022	$ 1,466,946	$ 870	198,016	1,268,060	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 470,348
Repurchase of common stock for retirement (in shares)	(9,999,704)
Repurchase of common stock for retirement	$ (389,400)
Stockholders' Equity, ending balance (in shares) at Oct. 29, 2022	77,959,530	77,960,000
Stockholders' Equity, ending balance at Oct. 29, 2022	$ 1,558,919	$ 779	203,734	1,354,406	0
Stockholders' Equity, beginning balance (in shares) at Apr. 30, 2022		85,071,000
Stockholders' Equity, beginning balance at Apr. 30, 2022	1,528,508	$ 850	199,559	1,328,099	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	188,801			188,801
Equity compensation	6,158		6,158
Repurchase of common stock for retirement (in shares)		(5,551,000)
Repurchase of common stock for retirement	(200,111)	$ (55)	(13,391)	(186,665)
Settlement of vested Restricted Stock Units (in shares)		29,000
Settlement of vested Restricted Stock Units	0	$ 0	0
Issuance of common stock under employee stock purchase plan (in shares)		93,000
Issuance of common stock under employee stock purchase plan	2,797	$ 1	2,796
Stock option exercises (in shares)		83,000
Stock option exercises	1,389	$ 1	1,388
Cash dividends declared, $0.075 per share	(6,271)			(6,271)
Stockholders' Equity, ending balance (in shares) at Jul. 30, 2022		79,725,000
Stockholders' Equity, ending balance at Jul. 30, 2022	1,521,271	$ 797	196,510	1,323,964	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	131,741			131,741
Equity compensation	$ 5,829		5,829
Repurchase of common stock for retirement (in shares)	(2,176,463)	(2,176,000)
Repurchase of common stock for retirement	$ (100,824)	$ (22)	(5,477)	(95,325)
Settlement of vested Restricted Stock Units (in shares)		3,000
Settlement of vested Restricted Stock Units	0	$ 0	0
Stock option exercises (in shares)		408,000
Stock option exercises	6,876	$ 4	6,872
Cash dividends declared, $0.075 per share	$ (5,974)			(5,974)
Stockholders' Equity, ending balance (in shares) at Oct. 29, 2022	77,959,530	77,960,000
Stockholders' Equity, ending balance at Oct. 29, 2022	$ 1,558,919	$ 779	$ 203,734	$ 1,354,406	$ 0

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.075	$ 0.075	$ 0.075
Recognized interest expense on interest rate swaps, tax				$ 115	$ 163	$ 270	$ 548

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 470,348	$ 529,611
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	78,852	77,767
Non-cash lease expense	635	708
Equity compensation	15,486	36,126
Amortization of terminated interest rate swaps, deferred loan and other costs	2,328	4,787
Deferred income taxes	25,631	48,991
Non-cash loss on early retirement of debt	0	2,239
Changes in assets and liabilities:
Accounts receivable, net	3,720	4,938
Merchandise inventories, net	(323,656)	(335,945)
Prepaid expenses and other current assets	798	(16,177)
Other noncurrent assets	(8,987)	2,207
Accounts payable	95,183	128,743
Accrued expenses and other current liabilities	(39,196)	34,683
Income taxes payable	(12,332)	(1,830)
Other long-term liabilities	359	(1,785)
Net cash provided by operating activities	309,169	515,063
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(79,454)	(58,567)
Purchases of intangible assets	(357)	(144)
Net cash used in investing activities	(79,811)	(58,711)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of Term Loan	(2,250)	(101,500)
Debt issuance fees	0	(927)
Share-Based Award Payments	0	(11,214)
Proceeds from exercise of stock options	11,559	41,292
Proceeds from issuance of common stock under employee stock purchase program	2,797	945
Taxes paid related to net share settlement of equity awards	(1,078)	(15,418)
Repurchase of common stock for retirement	(389,436)	(345,837)
Dividends paid	(18,781)	0
Net cash used in financing activities	(397,189)	(432,659)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(167,831)	23,693
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	485,998	377,604
CASH AND CASH EQUIVALENTS AT END OF PERIOD	318,167	401,297
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	25,362	28,481
Cash paid for income taxes	129,588	95,799
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:
Non-cash issuance of common shares	0	501
Change in capital expenditures in accounts payable and accrued liabilities	7,576	950
Right-of-use assets obtained in exchange for new operating leases	$ 94,845	$ 10,924

Nature of Operations

Nature of Operations	9 Months Ended
	Oct. 29, 2022
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 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. On October 6, 2020, ASO, Inc. completed an initial public offering and as of September 17, 2021, KKR no longer held 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 29, 2022, we operated 265 "Academy Sports + Outdoors" retail locations in 17 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. 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 underwriters, which was at a discount to the prevailing market price at the time of repurchase (see "Share Repurchases" in Note 2). 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 "Share Repurchases" in Note 2). 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. 29, 2022
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 29, 2022, as filed with the Securities and Exchange Commission on March 29, 2022 (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 29, 2022 are not necessarily indicative of the results that will be realized for the fiscal year ending January 28, 2023 or any other period. The balance sheet as of January 29, 2022 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, New Academy Holding Company, LLC ("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. 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. Share Repurchases On September 2, 2021, the Board of Directors of the Company authorized a share repurchase program (the "2021 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. On June 2, 2022, the Board of Directors of the Company authorized a new share repurchase program (the "2022 Share Repurchase Program") under which the Company may purchase up to $600 million of its outstanding shares during the three-year period ending June 2, 2025. The 2022 Share Repurchase Program and the 2021 Share Repurchase program are collectively referred to as the "Share Repurchase Programs". Under the Share Repurchase Programs, repurchases can be made using a variety of methods, which may include open market purchases, block trades, privately negotiated transactions, accelerated share repurchase programs 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 under the Share Repurchase Programs are determined by the Company in its discretion and depend on a variety of factors, including legal requirements, price and economic and market conditions. The Share Repurchase Programs do not obligate the Company to acquire any particular number of common shares, and the programs may be suspended, extended, modified or discontinued at any time. During the thirteen and thirty-nine weeks ended October 29, 2022, we repurchased and concurrently retired 2,176,463 and 9,999,704 shares of ASO, Inc. common stock for an aggregate amount of $100.8 million and $389.4 million, respectively, pursuant to the Share Repurchase Programs. 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 Programs and those that were made prior to the Share Repurchase Programs. As of October 29, 2022, we no longer had availability under the 2021 Share Repurchase Program and we had approximately $399.4 million available for share repurchases pursuant to the 2022 Share Repurchase Program. Recent Accounting Pronouncements Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The adoption of this guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the expedients and exceptions provided by this amendment as it relates to our transition from LIBOR to another reference rate to determine the impact. Supplier Finance Programs In September 2022, the FASB issued ASU 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations." This pronouncement requires that a buyer in a supplier finance program disclose sufficient information about the program to allow a user of the financial statements to understand the program's nature, activity during the period, changes from period to period and potential magnitude. The adoption of these amendments is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except the amendment on roll-forward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting standard will have on its financial disclosures.

Net Sales

Net Sales	9 Months Ended
	Oct. 29, 2022
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 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Merchandise division sales Outdoors $ 473,014 $ 578,987 $ 1,423,641 $ 1,604,045 Sports and recreation 274,262 285,614 1,028,641 1,098,621 Apparel 401,892 399,852 1,207,979 1,269,106 Footwear 336,296 320,119 961,940 967,839 Total merchandise sales (1) 1,485,464 1,584,572 4,622,201 4,939,611 Other sales (2) 8,461 8,223 26,369 25,047 Net Sales $ 1,493,925 $ 1,592,795 $ 4,648,570 $ 4,964,658 (1) E-commerce sales consisted of 9.5% and 9.7% of merchandise sales for the thirteen and thirty-nine weeks ended October 29, 2022, respectively, and 8.0% for the thirteen and thirty-nine weeks and October 30, 2021. (2) 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 consolidated 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 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Gift card liability, beginning balance $ 69,959 $ 60,526 $ 86,568 $ 74,253 Issued 18,288 17,407 63,164 61,333 Redeemed (21,023) (19,006) (80,668) (74,749) Recognized as breakage income (680) (618) (2,520) (2,528) Gift card liability, ending balance $ 66,544 $ 58,309 $ 66,544 $ 58,309

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Our debt consisted of the following (amounts in thousands) as of: October 29, 2022 January 29, 2022 October 30, 2021 ABL Facility, due November 2025 $ — $ — $ — Term Loan, due November 2027 295,500 297,750 298,500 Notes, due November 2027 400,000 400,000 400,000 Total debt 695,500 697,750 698,500 Less current maturities (3,000) (3,000) (3,000) Less unamortized discount on Term Loan (2,135) (2,463) (2,572) Less deferred loan costs (1) (7,562) (8,702) (9,083) Long-term debt, net $ 682,803 $ 683,585 $ 683,845 (1) Deferred loan costs are related to the Term Loan and Notes. As of October 29, 2022, January 29, 2022 and October 30, 2021, the balance in deferred loan costs related to the ABL Facility (as defined below) was approximately $3.5 million, $4.3 million and $4.6 million, respectively, and was included in other noncurrent assets on our consolidated balance sheets. Total amortization of deferred loan costs was $0.7 million and $2.0 million for the thirteen and thirty-nine weeks ended October 29, 2022, respectively, and $0.6 million and $2.0 million for the thirteen and thirty-nine weeks ended October 30, 2021, respectively. Total expenses related to accretion of original issuance discount were $0.1 million and $0.3 million for the thirteen and thirty-nine weeks ended October 29, 2022, respectively, and $0.1 million and $0.4 million for the thirteen and thirty-nine weeks ended and October 30, 2021, 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. Term Loan We refer to the 2020 Term Loan and the Amendment collectively as the "Term Loan". 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 29, 2022, the weighted average interest rate was 6.88%, with interest payable monthly. The terms and conditions of the Amendment also require that the outstanding balance under the Term Loan is prepaid under certain circumstances. As of October 29, 2022, 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. 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 require cash interest payments semi-annually in arrears on May 15 and November 15 of each year at a rate of 6.00% per year. ABL Facility On November 6, 2020, Academy, Ltd., as borrower, and the guarantors, amended the previously existing secured asset-based revolving credit 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 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 "ABL Facility"). 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 29, 2022, we had outstanding letters of credit of approximately $17.4 million, all of which 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 $982.6 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 29, 2022, no future prepayments of outstanding loans have been triggered under the terms and conditions of the ABL Facility. Covenants . The ABL Facility, Term Loan and Notes agreements 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 29, 2022.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Oct. 29, 2022
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. As of October 29, 2022, we do not have any derivative financial instruments outstanding. For derivatives which were designated as hedging instruments, amounts included in Accumulated Other Comprehensive Income (Loss) ("AOCI") were reclassified to interest expense in the same period during which the hedged transaction affected earnings, which was as interest expense was recorded on the underlying Term Loan. The impact of gains and losses related to interest rate swaps that were deferred into AOCI and subsequently reclassified into expense are as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Accumulated Other Comprehensive Loss, beginning $ — $ (1,862) $ — $ (3,324) Increase to interest expense (net of tax impact of $115 and $548 in the thirteen and thirty-nine weeks ended October 30, 2021, respectively) — 374 — 1,836 Accumulated Other Comprehensive Loss, ending $ — $ (1,488) $ — $ (1,488)

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 29, 2022
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. 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 29, 2022, January 29, 2022 and October 30, 2021, we held $264.7 million, $401.0 million and $294.0 million in money market funds, respectively. The fair value of the Term Loan and Notes is estimated using a discounted cash flow analysis based on quoted market prices for the instrument in an inactive market and is therefore classified as Level 2 within the fair value hierarchy. As of October 29, 2022, January 29, 2022, and October 30, 2021 the estimated fair value of the Term Loan and Notes was $0.7 billion. As borrowings on the ABL Facility are generally repaid in less than 12 months, we believe that fair value approximates the carrying value.

Property and Equipment

Property and Equipment	9 Months Ended
	Oct. 29, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consists of the following (amounts in thousands) as of: October 29, 2022 January 29, 2022 October 30, 2021 Leasehold improvements $ 476,670 $ 456,918 $ 455,542 Equipment and software 624,915 602,289 593,479 Furniture and fixtures 352,501 336,679 332,368 Construction in progress 37,267 11,147 16,486 Land 3,698 3,698 3,698 Total property and equipment 1,495,051 1,410,731 1,401,573 Accumulated depreciation and amortization (1,141,037) (1,064,895) (1,043,463) Property and equipment, net $ 354,014 $ 345,836 $ 358,110 Depreciation expense was $27.0 million and $78.9 million in the thirteen and thirty-nine weeks ended October 29, 2022, respectively, and $26.5 million and $77.8 million in the thirteen and thirty-nine weeks ended October 30, 2021, respectively. These costs are 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. 29, 2022
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 29, 2022 January 29, 2022 October 30, 2021 Accrued interest $ 13,340 $ 6,583 $ 12,676 Accrued personnel costs 57,979 115,073 91,433 Accrued professional fees 1,762 4,534 3,632 Accrued sales and use tax 15,025 13,054 23,111 Accrued self-insurance 15,677 15,824 13,784 Deferred revenue - gift cards and other 69,727 88,713 61,145 Income taxes payable 5,848 9,602 21,900 Property taxes 46,806 17,747 45,056 Sales return allowance 6,100 6,200 5,800 Other 26,915 25,877 25,951 Accrued expenses and other current liabilities $ 259,179 $ 303,207 $ 304,488

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 29, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	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 2020 Omnibus 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 "Stock Option") and restricted units that may settle in ASO, Inc. common stock (each, a "Restricted Stock Unit") to our directors, executives and eligible employees of the Company. Awards granted under the 2020 Omnibus Incentive Plan consist of Stock Options that vest upon the satisfaction of time-based requirements (each, a "Service Option"), 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 time and performance and/or market based requirements (each, a "Performance Restricted Stock Unit"). The plan reserved a total of 5,150,000 shares of common stock for issuance. As of October 29, 2022, there were 2,410,059 shares that were authorized and available for future issuance under the 2020 Omnibus Incentive Plan. On September 29, 2020, the ASO, 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 under the ESPP and as of October 29, 2022, there were 1,792,945 shares authorized and available for future issuance under the ESPP. Equity compensation expense was $5.8 million and $15.5 million for the thirteen and thirty-nine weeks ended October 29, 2022, respectively. 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. These costs are included in selling, general and administrative expenses in the consolidated statements of income. Distribution On August 28, 2020, New Academy Holding Company, LLC, the parent holding company for our operations prior to our initial public offering, paid a $257.0 million distribution to its members of record as of August 25, 2020. Cash payments ("Share-Based Award Payments") of $32.2 million for unvested Awards were paid upon vesting of such Awards, which was completed and paid in-full as of July 31, 2021. 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 calculated based on the most recent annualized quarterly dividend and the valuation date closing stock price. 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 29, 2022: Expected life in years 6.2 Expected volatility 42.9% to 44.8% Weighted-average volatility 43.0 % Risk-free interest rate 2.4% to 4.1% Dividend yield 0.8 % The following table presents the Award grants during the thirty-nine weeks ended October 29, 2022: Service Options Service Restricted Stock Units Performance Restricted Stock Units Number of shares 815,867 192,033 169,846 Weighted average grant date fair value per Award $ 16.34 $ 38.94 $ 39.19 Weighted average exercise price per Award $ 39.19 N/A N/A The following table presents the unrecognized compensation cost as of October 29, 2022: Service Options Service Restricted Stock Units Performance Restricted Stock Units Remaining expense $ 16,238,904 $ 12,651,300 $ 5,172,155 Weighted average life remaining in years 2.6 2.5 2.4

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Oct. 29, 2022
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 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Net income $ 131,741 $ 161,305 $ 470,348 $ 529,611 Weighted average common shares outstanding - basic 79,085 91,140 82,901 91,951 Dilutive effect of Service Restricted Units and Service Restricted Stock Units 144 72 123 14 Dilutive effect of Performance Restricted Stock Units and Liquidity Event Restricted Units 105 109 96 401 Dilutive effect of Service Options 1,840 2,207 1,581 2,381 Dilutive effect of Performance Unit Options and Performance Stock Options 205 316 209 757 Dilutive effect of ESPP Shares — — — — Weighted average common shares outstanding - diluted 81,379 93,844 84,910 95,504 Earnings per common share - basic $ 1.67 $ 1.77 $ 5.67 $ 5.76 Earnings per common share - diluted $ 1.62 $ 1.72 $ 5.54 $ 5.55 Anti-dilutive stock-based awards excluded from diluted calculation 7 4 59 60

Related Party Transactions

Related Party Transactions	9 Months Ended
	Oct. 29, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions On January 27, 2021, May 5, 2021 and September 14, 2021, in connection with the Secondary Offering, May 2021 Secondary Offering and September 2021 Secondary Offering, respectively, the Company entered into three separate underwriting agreements with affiliates of KKR (as selling stockholders), the several other selling stockholders named therein, and the several underwriters named therein, including KCM (as underwriter). The Secondary Offering, May 2021 Secondary Offering and September 2021 Secondary Offering were completed on February 1, 2021, May 10, 2021, and September 17, 2021, respectively. The Company did not pay KCM any fees in connection with these secondary offerings. In connection with the May 2021 Secondary Offering, we repurchased from the underwriters 3,229,974 shares of ASO, Inc. common stock at $30.96 per share for approximately $100.0 million. In connection with the September 2021 Secondary Offering, we repurchased from the underwriters 4,500,000 shares of ASO, Inc. common stock at $43.52 for approximately $195.8 million. The shares repurchased in both the May 2021 Secondary Offering and the September 2021 Secondary Offering were immediately retired by the Company (see Note 1 and Note 2).

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 29, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Freight, Technology Related and Other Commitments As of October 29, 2022, we have obligations under freight, technology-related, construction and other contractual commitments in the amount of $92.0 million. Of such commitments, approximately $54.6 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

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 29, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Our management evaluated events or transactions that occurred after October 29, 2022 through December 7, 2022, the issuance date of the consolidated financial statements, and identified the following matter to report: On December 6, 2022, the Company's Board of Directors declared a quarterly cash dividend with respect to the fiscal quarter ended October 29, 2022, of $0.075 per share of the Company's common stock, payable on January 13, 2023, to stockholders of record as of the close of business on December 20, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 29, 2022
Accounting Policies [Abstract]
Basis of Presentation	These unaudited condensed consolidated financial statements include the accounts of ASO, Inc. and its subsidiaries, New Academy Holding Company, LLC ("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.
Principles of Consolidation	All intercompany balances and transactions have been eliminated in consolidation.
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.
Recent Accounting Pronouncements	Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The adoption of this guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the expedients and exceptions provided by this amendment as it relates to our transition from LIBOR to another reference rate to determine the impact. Supplier Finance Programs In September 2022, the FASB issued ASU 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations." This pronouncement requires that a buyer in a supplier finance program disclose sufficient information about the program to allow a user of the financial statements to understand the program's nature, activity during the period, changes from period to period and potential magnitude. The adoption of these amendments is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except the amendment on roll-forward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting standard will have on its financial disclosures.

Net Sales (Tables)

Net Sales (Tables)	9 Months Ended
	Oct. 29, 2022
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 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Merchandise division sales Outdoors $ 473,014 $ 578,987 $ 1,423,641 $ 1,604,045 Sports and recreation 274,262 285,614 1,028,641 1,098,621 Apparel 401,892 399,852 1,207,979 1,269,106 Footwear 336,296 320,119 961,940 967,839 Total merchandise sales (1) 1,485,464 1,584,572 4,622,201 4,939,611 Other sales (2) 8,461 8,223 26,369 25,047 Net Sales $ 1,493,925 $ 1,592,795 $ 4,648,570 $ 4,964,658 (1) E-commerce sales consisted of 9.5% and 9.7% of merchandise sales for the thirteen and thirty-nine weeks ended October 29, 2022, respectively, and 8.0% for the thirteen and thirty-nine weeks and October 30, 2021. (2) 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 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Gift card liability, beginning balance $ 69,959 $ 60,526 $ 86,568 $ 74,253 Issued 18,288 17,407 63,164 61,333 Redeemed (21,023) (19,006) (80,668) (74,749) Recognized as breakage income (680) (618) (2,520) (2,528) Gift card liability, ending balance $ 66,544 $ 58,309 $ 66,544 $ 58,309

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Our debt consisted of the following (amounts in thousands) as of: October 29, 2022 January 29, 2022 October 30, 2021 ABL Facility, due November 2025 $ — $ — $ — Term Loan, due November 2027 295,500 297,750 298,500 Notes, due November 2027 400,000 400,000 400,000 Total debt 695,500 697,750 698,500 Less current maturities (3,000) (3,000) (3,000) Less unamortized discount on Term Loan (2,135) (2,463) (2,572) Less deferred loan costs (1) (7,562) (8,702) (9,083) Long-term debt, net $ 682,803 $ 683,585 $ 683,845 (1) Deferred loan costs are related to the Term Loan and Notes.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Oct. 29, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Impact of Gains and Losses Related to Interest Rate Swaps	The impact of gains and losses related to interest rate swaps that were deferred into AOCI and subsequently reclassified into expense are as follows (amounts in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Accumulated Other Comprehensive Loss, beginning $ — $ (1,862) $ — $ (3,324) Increase to interest expense (net of tax impact of $115 and $548 in the thirteen and thirty-nine weeks ended October 30, 2021, respectively) — 374 — 1,836 Accumulated Other Comprehensive Loss, ending $ — $ (1,488) $ — $ (1,488)

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Oct. 29, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following (amounts in thousands) as of: October 29, 2022 January 29, 2022 October 30, 2021 Leasehold improvements $ 476,670 $ 456,918 $ 455,542 Equipment and software 624,915 602,289 593,479 Furniture and fixtures 352,501 336,679 332,368 Construction in progress 37,267 11,147 16,486 Land 3,698 3,698 3,698 Total property and equipment 1,495,051 1,410,731 1,401,573 Accumulated depreciation and amortization (1,141,037) (1,064,895) (1,043,463) Property and equipment, net $ 354,014 $ 345,836 $ 358,110

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Oct. 29, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: October 29, 2022 January 29, 2022 October 30, 2021 Accrued interest $ 13,340 $ 6,583 $ 12,676 Accrued personnel costs 57,979 115,073 91,433 Accrued professional fees 1,762 4,534 3,632 Accrued sales and use tax 15,025 13,054 23,111 Accrued self-insurance 15,677 15,824 13,784 Deferred revenue - gift cards and other 69,727 88,713 61,145 Income taxes payable 5,848 9,602 21,900 Property taxes 46,806 17,747 45,056 Sales return allowance 6,100 6,200 5,800 Other 26,915 25,877 25,951 Accrued expenses and other current liabilities $ 259,179 $ 303,207 $ 304,488
Schedule of Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (amounts in thousands) as of: October 29, 2022 January 29, 2022 October 30, 2021 Accrued interest $ 13,340 $ 6,583 $ 12,676 Accrued personnel costs 57,979 115,073 91,433 Accrued professional fees 1,762 4,534 3,632 Accrued sales and use tax 15,025 13,054 23,111 Accrued self-insurance 15,677 15,824 13,784 Deferred revenue - gift cards and other 69,727 88,713 61,145 Income taxes payable 5,848 9,602 21,900 Property taxes 46,806 17,747 45,056 Sales return allowance 6,100 6,200 5,800 Other 26,915 25,877 25,951 Accrued expenses and other current liabilities $ 259,179 $ 303,207 $ 304,488

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 29, 2022
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 29, 2022: Expected life in years 6.2 Expected volatility 42.9% to 44.8% Weighted-average volatility 43.0 % Risk-free interest rate 2.4% to 4.1% Dividend yield 0.8 %
Units Granted	The following table presents the Award grants during the thirty-nine weeks ended October 29, 2022: Service Options Service Restricted Stock Units Performance Restricted Stock Units Number of shares 815,867 192,033 169,846 Weighted average grant date fair value per Award $ 16.34 $ 38.94 $ 39.19 Weighted average exercise price per Award $ 39.19 N/A N/A
Unrecognized Compensation Cost	The following table presents the unrecognized compensation cost as of October 29, 2022: Service Options Service Restricted Stock Units Performance Restricted Stock Units Remaining expense $ 16,238,904 $ 12,651,300 $ 5,172,155 Weighted average life remaining in years 2.6 2.5 2.4

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Oct. 29, 2022
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 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Net income $ 131,741 $ 161,305 $ 470,348 $ 529,611 Weighted average common shares outstanding - basic 79,085 91,140 82,901 91,951 Dilutive effect of Service Restricted Units and Service Restricted Stock Units 144 72 123 14 Dilutive effect of Performance Restricted Stock Units and Liquidity Event Restricted Units 105 109 96 401 Dilutive effect of Service Options 1,840 2,207 1,581 2,381 Dilutive effect of Performance Unit Options and Performance Stock Options 205 316 209 757 Dilutive effect of ESPP Shares — — — — Weighted average common shares outstanding - diluted 81,379 93,844 84,910 95,504 Earnings per common share - basic $ 1.67 $ 1.77 $ 5.67 $ 5.76 Earnings per common share - diluted $ 1.62 $ 1.72 $ 5.54 $ 5.55 Anti-dilutive stock-based awards excluded from diluted calculation 7 4 59 60

Nature of Operations (Details)

Nature of Operations (Details)				3 Months Ended			9 Months Ended
	Sep. 17, 2021 USD ($) $ / shares shares	May 10, 2021 USD ($) $ / shares shares	Feb. 01, 2021 USD ($) $ / shares shares	Oct. 29, 2022 state location distributionCenter shares	Oct. 30, 2021 shares	Jul. 31, 2021 USD ($)	Oct. 29, 2022 USD ($) state location distributionCenter shares	Oct. 30, 2021 USD ($) shares
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of retail locations | location				265			265
Number of states | state				17			17
Number of distribution centers | distributionCenter				3			3
Repurchase of common stock for retirement (in shares) | shares	4,500,000	3,229,974		2,176,463	5,722,892		9,999,704	8,952,866
Stock repurchased and retired during period, price per share (in dollars per share) | $ / shares	$ 43.52	$ 30.96
Equity compensation | $		$ 24,900,000					$ 15,486,000	$ 36,126,000
Taxes paid related to net share settlement of equity awards | $		$ 15,400,000					$ 1,078,000	$ 15,418,000
Accelerated equity compensation cost | $						$ 8,200,000
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
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
Period to purchase additional shares		30 days	30 days
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	$ 0
Stock repurchased and retired during period, price per share (in dollars per share) | $ / shares		$ 30.96
September Secondary Offering Member
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

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)					3 Months Ended					9 Months Ended
	Jun. 02, 2022	Sep. 17, 2021	Sep. 02, 2021	May 10, 2021	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Oct. 30, 2021	Jul. 31, 2021	Oct. 29, 2022	Oct. 30, 2021
Accounting Policies [Abstract]
Share repurchase program, authorized amount	$ 600,000,000		$ 500,000,000
Share repurchase program, period in force	3 years		3 years
Repurchase of common stock for retirement (in shares)		4,500,000		3,229,974	2,176,463			5,722,892		9,999,704	8,952,866
Repurchase of common stock for retirement		$ 195,800,000		$ 100,000,000	$ 100,824,000	$ 200,111,000	$ 88,501,000	$ 245,837,000	$ 100,000,000	$ 389,400,000	$ 345,800,000
2021 Share Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, remaining authorized amount					0					0
2022 Share Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, remaining authorized amount					$ 399,400,000					$ 399,400,000

Net Sales - Disaggregation of R

Net Sales - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,493,925	$ 1,592,795	$ 4,648,570	$ 4,964,658
Customer Concentration Risk | Revenue from Contract with Customer Benchmark | E-Commerce
Disaggregation of Revenue [Line Items]
Percentage of sales	9.50%	8%	9.70%	8%
Outdoors
Disaggregation of Revenue [Line Items]
Net Sales	$ 473,014	$ 578,987	$ 1,423,641	$ 1,604,045
Sports and recreation
Disaggregation of Revenue [Line Items]
Net Sales	274,262	285,614	1,028,641	1,098,621
Apparel
Disaggregation of Revenue [Line Items]
Net Sales	401,892	399,852	1,207,979	1,269,106
Footwear
Disaggregation of Revenue [Line Items]
Net Sales	336,296	320,119	961,940	967,839
Total merchandise sales
Disaggregation of Revenue [Line Items]
Net Sales	1,485,464	1,584,572	4,622,201	4,939,611
Other sales
Disaggregation of Revenue [Line Items]
Net Sales	$ 8,461	$ 8,223	$ 26,369	$ 25,047

Net Sales - Gift Card Liability

Net Sales - Gift Card Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Change in Contract with Customer, Liability [Roll Forward]
Gift card liability, beginning balance	$ 69,959	$ 60,526	$ 86,568	$ 74,253
Issued	18,288	17,407	63,164	61,333
Gift card liability, ending balance	66,544	58,309	66,544	58,309
Redeemed
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income	(21,023)	(19,006)	(80,668)	(74,749)
Recognized as breakage income
Change in Contract with Customer, Liability [Roll Forward]
Redeemed and recognized as breakage income	$ (680)	$ (618)	$ (2,520)	$ (2,528)

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Debt Instrument [Line Items]
Total debt	$ 695,500	$ 697,750	$ 698,500
Less current maturities	(3,000)	(3,000)	(3,000)
Less unamortized discount on Term Loan	(2,135)	(2,463)	(2,572)
Less deferred loan costs	(7,562)	(8,702)	(9,083)
Long-term debt, net	682,803	683,585	683,845
Secured Debt | Term Loan, due November 2027
Debt Instrument [Line Items]
Total debt	295,500	297,750	298,500
Senior Notes | Notes, due November 2027
Debt Instrument [Line Items]
Total debt	400,000	400,000	400,000
Revolving Credit Facility | ABL Facility, due November 2025
Debt Instrument [Line Items]
Total debt	$ 0	$ 0	$ 0

Long-Term Debt - Additional Det

Long-Term Debt - Additional Detail (Details) - USD ($)				3 Months Ended		9 Months Ended
	May 25, 2021	May 24, 2021	Nov. 06, 2020	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021	Jan. 29, 2022
Debt Instrument [Line Items]
Deferred loan costs				$ 7,562,000	$ 9,083,000	$ 7,562,000	$ 9,083,000	$ 8,702,000
Amortization of debt issuance costs						2,328,000	4,787,000
Non-cash loss on early retirement of debt				0	0	0	2,239,000
Outstanding letters of credit				17,400,000		17,400,000
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility
Debt Instrument [Line Items]
Amortization of debt issuance costs				700,000	600,000	2,000,000	2,000,000
Accretion of original discount				100,000	100,000	300,000	400,000
Borrowings outstanding				0		0
Remaining borrowing capacity				982,600,000		$ 982,600,000
Unused commitment fee, percentage						0.25%
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility | Other noncurrent assets
Debt Instrument [Line Items]
Deferred loan costs				$ 3,500,000	$ 4,600,000	$ 3,500,000	$ 4,600,000	$ 4,300,000
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility | LIBOR Rate | Variable Rate Component, One | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate						1.25%
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility | LIBOR Rate | Variable Rate Component, One | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate						1.75%
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility | LIBOR Rate | Variable Rate Component, Three
Debt Instrument [Line Items]
Basis spread on variable rate						1%
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility | Federal funds rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate						0.50%
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility | Base Rate | Variable Rate Component, Three | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate						0.25%
Line of Credit | ABL Facility, due November 2025 | Revolving Credit Facility | Base Rate | Variable Rate Component, Three | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate						0.75%
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				6.88%		6.88%
Secured Debt | 2020 Term Loan Facility | LIBOR Rate
Debt Instrument [Line Items]
Basis spread on variable rate	3.75%	5%
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%
Secured Debt | 2020 Term Loan Facility | LIBOR Rate | Variable Rate Component, Two
Debt Instrument [Line Items]
Basis spread on variable rate			1%
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%
Senior Notes | Notes, due November 2027
Debt Instrument [Line Items]
Debt face amount			$ 400,000,000
Interest rate, stated percentage			6%

Derivative Financial Instrume_3

Derivative Financial Instruments - Impact of Gains and Losses Related to Interest Rate Swaps (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 29, 2022	Oct. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Stockholders' Equity, beginning balance	$ 1,521,271	$ 1,447,618	$ 1,313,875	$ 1,111,983	$ 1,466,946	$ 1,111,983
Increase to interest expense		374	536	926
Stockholders' Equity, ending balance	1,558,919	1,375,994	1,447,618	1,313,875	1,558,919	1,375,994
Increase (decrease) to interest expense, tax		115	163	270		548
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Stockholders' Equity, beginning balance	0	(1,862)	(2,398)	(3,324)	0	(3,324)
Increase to interest expense		374	536	926
Stockholders' Equity, ending balance	0	(1,488)	$ (1,862)	$ (2,398)	0	(1,488)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Increase to interest expense	$ 0	$ 374			$ 0	$ 1,836

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Borrowings, fair value	$ 700	$ 700	$ 700
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 264.7	$ 401	$ 294

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021	Jan. 29, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,495,051	$ 1,401,573	$ 1,495,051	$ 1,401,573	$ 1,410,731
Accumulated depreciation and amortization	(1,141,037)	(1,043,463)	(1,141,037)	(1,043,463)	(1,064,895)
Property and equipment, net	354,014	358,110	354,014	358,110	345,836
Depreciation expense	27,000	26,500	78,900	77,800
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	476,670	455,542	476,670	455,542	456,918
Equipment and software
Property, Plant and Equipment [Line Items]
Total property and equipment	624,915	593,479	624,915	593,479	602,289
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	352,501	332,368	352,501	332,368	336,679
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	37,267	16,486	37,267	16,486	11,147
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 3,698	$ 3,698	$ 3,698	$ 3,698	$ 3,698

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Payables and Accruals [Abstract]
Accrued interest	$ 13,340	$ 6,583	$ 12,676
Accrued personnel costs	57,979	115,073	91,433
Accrued professional fees	1,762	4,534	3,632
Accrued sales and use tax	15,025	13,054	23,111
Accrued self-insurance	15,677	15,824	13,784
Deferred revenue - gift cards and other	69,727	88,713	61,145
Income taxes payable	5,848	9,602	21,900
Property taxes	46,806	17,747	45,056
Sales return allowance	6,100	6,200	5,800
Other	26,915	25,877	25,951
Accrued expenses and other current liabilities	$ 259,179	$ 303,207	$ 304,488

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended	9 Months Ended
	Aug. 28, 2020	Oct. 29, 2022	Oct. 30, 2021	Jul. 31, 2021	Oct. 29, 2022	Oct. 30, 2021	Oct. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense		$ 5.8	$ 2.9		$ 15.5	$ 36.1
Distribution	$ 257
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
Common stock authorized for grant (in shares)		1,792,945			1,792,945
Common stock available for grant (in shares)		1,792,945			1,792,945
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense			$ 24.9
Unit Options and Restricted Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense				$ 32.2
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
Common stock authorized for grant (in shares)		2,410,059			2,410,059
Common stock available for grant (in shares)		2,410,059			2,410,059

Share-Based Compensation - Assu

Share-Based Compensation - Assumptions and Grant Date Fair Values for Options Granted (Details) - Service Options	9 Months Ended
	Oct. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	6 years 2 months 12 days
Expected volatility, minimum	42.90%
Expected volatility, maximum	44.80%
Weighted-average volatility	43%
Risk-free interest rate, minimum	2.40%
Risk-free interest rate, maximum	4.10%
Dividend yield	0.80%

Share-Based Compensation - Unit

Share-Based Compensation - Units Granted (Details)	9 Months Ended
	Oct. 29, 2022 $ / shares shares
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Number of shares (in shares) | shares	815,867
Options, Weighted average grant date fair value per Award (in usd per share)	$ 16.34
Options, Weighted average exercise price per Award (in usd per share)	$ 39.19
Service Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, Number of shares (in shares) | shares	192,033
Restricted units, Weighted average grant date fair value per Award (in usd per share)	$ 38.94
Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, Number of shares (in shares) | shares	169,846
Restricted units, Weighted average grant date fair value per Award (in usd per share)	$ 39.19

Share-Based Compensation - Unre

Share-Based Compensation - Unrecognized Compensation Cost (Details)	Oct. 29, 2022 USD ($)
Service Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Remaining expense	$ 16,238,904
Weighted average life remaining in years	2 years 7 months 6 days
Service Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, Remaining expense	$ 12,651,300
Weighted average life remaining in years	2 years 6 months
Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units, Remaining expense	$ 5,172,155
Weighted average life remaining in years	2 years 4 months 24 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. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Oct. 29, 2022	Oct. 30, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income	$ 131,741	$ 188,801	$ 149,806	$ 161,305	$ 190,510	$ 177,796	$ 470,348	$ 529,611
Weighted average common shares outstanding - basic (in shares)	79,085			91,140			82,901	91,951
Weighted average common shares outstanding - diluted (in shares)	81,379			93,844			84,910	95,504
Earnings per common share - basic (in usd per share)	$ 1.67			$ 1.77			$ 5.67	$ 5.76
Earnings per common share - diluted (in usd per share)	$ 1.62			$ 1.72			$ 5.54	$ 5.55
Anti-dilutive stock-based awards excluded from diluted calculation (in shares)	7			4			59	60
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)	144			72			123	14
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)	105			109			96	401
Service Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of stock-based awards (in shares)	1,840			2,207			1,581	2,381
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)	205			316			209	757
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

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended					9 Months Ended
	Sep. 17, 2021	May 10, 2021	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Oct. 30, 2021	Jul. 31, 2021	Oct. 29, 2022	Oct. 30, 2021
Related Party Transactions [Abstract]
Repurchase of common stock for retirement (in shares)	4,500,000	3,229,974	2,176,463			5,722,892		9,999,704	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	$ 100,000	$ 100,824	$ 200,111	$ 88,501	$ 245,837	$ 100,000	$ 389,400	$ 345,800

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	9 Months Ended
	Oct. 29, 2022 USD ($)
Freight, Technology Related Commitments and Other
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations	$ 92
Contractual commitment obligations, payable in next 12 months	54.6
Sponsorship Agreement and Intellectual Property Commitments
Long-term Purchase Commitment [Line Items]
Contractual commitment obligations	14.9
Contractual commitment obligations, payable in next 12 months	$ 4.9
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

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended
	Dec. 06, 2022	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)		$ 0.075	$ 0.075	$ 0.075
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 0.075