Genesco (GCO) 10-Q 8 Dec 22 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Oct. 29, 2022	Nov. 25, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 29, 2022
Document Transition Report	false
Entity File Number	1-3083
Entity Registrant Name	Genesco Inc
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	62-0211340
Entity Address, Address Line One	535 Marriott Drive
Entity Address, City or Town	Nashville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37214
City Area Code	615
Local Phone Number	367-7000
Title of 12(b) Security	Common Stock, $1.00 par value
Trading Symbol	GCO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		12,609,875
Entity Central Index Key	0000018498
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--01-28

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 29, 2022		Jan. 29, 2022	Oct. 30, 2021
Current Assets:
Cash	$ 32,113		$ 320,525	$ 282,764
Accounts receivable, net of allowances of $5,910 at October 29, 2022, $4,656 at January 29, 2022 and $4,947 at October 30, 2021	48,670		39,509	36,991
Inventories	563,490		278,200	339,198
Prepaids and other current assets	37,575		71,564	85,476
Total current assets	681,848		709,798	744,429
Property and equipment, net	221,207		216,308	207,489
Operating lease right of use assets	483,403		543,789	573,842
Non-current prepaid income taxes	52,319		0	0
Goodwill	37,903		38,556	38,864
Other intangibles	26,208		29,855	30,592
Deferred income taxes	12,168		1,466	0
Other noncurrent assets	21,937		22,327	21,593
Total Assets	1,536,993	[1]	1,562,099	1,616,809	[2]
Current Liabilities:
Accounts payable	223,404		152,484	196,024
Current portion - long-term debt	3,484		0	0
Current portion - operating lease liabilities	136,294		145,088	144,453
Other accrued liabilities	82,193		134,156	133,569
Total current liabilities	445,375		431,728	474,046
Long-term debt	85,904		15,679	15,610
Long-term operating lease liabilities	413,096		471,878	490,330
Other long-term liabilities	33,275		40,346	44,399
Total liabilities	977,650		959,631	1,024,385
Commitments and contingent liabilities
Equity
Non-redeemable preferred stock	817		827	827
Common equity:
Common stock, $1 par value: Authorized; 80,000,000 shares Issued common stock	13,101		14,256	15,071
Additional paid-in capital	301,692		291,444	288,813
Retained earnings	307,921		350,206	339,447
Accumulated other comprehensive loss	(46,331)		(36,408)	(33,877)
Treasury shares, at cost (488,464 shares)	(17,857)		(17,857)	(17,857)
Total equity	559,343		602,468	592,424
Total Liabilities and Equity	$ 1,536,993		$ 1,562,099	$ 1,616,809
[1] Of our $ 704.6 million of long-lived assets, $ 89.3 million and $ 18.5 million relate to long-lived assets in the U.K. and Canada, respectively. Of our $ 781.3 million of long-lived assets, $ 120.3 million and $ 29.1 million relate to long-lived assets in the U.K. and Canada, respectively.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Current Assets:
Allowances on accounts receivable	$ 5,910	$ 4,656	$ 4,947
Common equity:
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Common stock, shares authorized (in shares)	80,000,000	80,000,000	80,000,000
Treasury shares, at cost (in shares)	488,464	488,464	488,464

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - 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	$ 603,788	$ 600,546		$ 1,659,868	[1]	$ 1,694,424	[2]
Cost of sales	309,981	305,345		860,303		869,039
Gross margin	293,807	295,201		799,565		825,385
Selling and administrative expenses	267,734	251,131		756,318		743,147
Asset impairments and other, net	0	314	[3]	(154)	[4]	10,054	[5]
Operating income	26,073	43,756		43,401		72,184
Other components of net periodic benefit cost (income)	50	55		198		72
Interest expense, net	906	585		1,608		1,931
Earnings from continuing operations before income taxes	25,117	43,116		41,595		70,181
Income tax expense	4,693	10,135		8,551		17,432
Earnings from continuing operations	20,424	32,981		33,044		52,749
Loss from discontinued operations, net of tax	(48)	(86)		(78)		(39)
Net Earnings	$ 20,376	$ 32,895		$ 32,966		$ 52,710
Basic earnings per common share:
Continuing operations (in dollars per share)	$ 1.68	$ 2.30		$ 2.61		$ 3.69
Discontinued operations (in dollars per share)	0	0		0		(0.01)
Net earnings (in dollars per share)	1.68	2.30		2.61		3.68
Diluted earnings per common share:
Continuing operations (in dollars per share)	1.66	2.26		2.56		3.60
Discontinued operations (in dollars per share)	(0.01)	(0.01)		0		0
Net earnings (in dollars per share)	$ 1.65	$ 2.25		$ 2.56		$ 3.60
Weighted average shares outstanding:
Basic (in shares)	12,138	14,314		12,637		14,313
Diluted (in shares)	12,326	14,616		12,901		14,643
[1] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82 % and 18 % , respectively, of our net sales for the nine months ended October 29, 2022. Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83 % and 17 % , respectively, of our net sales for the nine months ended October 30, 2021. Asset impairments and other includes a $ 0.1 million charge for professional fees related to the actions of an activist shareholder and a $ 0.2 million charge for retail store asset impairments, which includes $ 0.2 million in Journeys Group. Asset impairments and other includes a $ 0.5 million charge for asset impairments, which includes $ 0.2 million in Journeys Group, $ 0.2 million in Schuh Group and $ 0.1 million in Licensed Brands, partially offset by a $ 0.7 million gain on the termination of the pension plan. Asset impairments and other includes an $ 8.6 million charge for professional fees related to the actions of an activist shareholder and a $ 2.0 million charge for retail store asset impairments, which includes $ 1.0 million in Journeys Group, $ 0.8 million in Schuh Group and $ 0.2 million in the Johnston & Murphy Group, partially offset by a $ 0.6 million insurance gain.

Condensed Consolidated Statem_2

Condensed 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 earnings	$ 20,376	$ 32,895	$ 32,966	$ 52,710
Other comprehensive income (loss):
Postretirement liability adjustments, net of tax	13	21	76	(2)
Foreign currency translation adjustments	(4,420)	(470)	(9,999)	1,184
Total other comprehensive income (loss)	(4,407)	(449)	(9,923)	1,182
Comprehensive Income	$ 15,969	$ 32,446	$ 23,043	$ 53,892

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 32,966	$ 52,710
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	31,901	32,258
Deferred income taxes	(10,728)	(11,101)
Impairment of long-lived assets	542	2,049
Share-based compensation expense	10,464	6,476
Other	999	1,103
Changes in working capital and other assets and liabilities, net of acquisitions/dispositions:
Accounts receivable	(10,224)	(5,458)
Inventories	(293,904)	(48,131)
Prepaids and other current assets	33,133	44,711
Accounts payable	70,312	46,314
Other accrued liabilities	(45,194)	53,515
Other assets and liabilities	(64,237)	(22,332)
Net cash provided by (used in) operating activities	(243,970)	152,114
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(39,845)	(34,507)
Proceeds from asset sales	0	12
Other	0	74
Net cash used in investing activities	(39,845)	(34,421)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving credit facility	212,086	25,279
Payments on revolving credit facility	(136,375)	(42,935)
Shares repurchased related to share repurchase plan	(77,470)	(28,474)
Shares repurchased related to taxes for share-based awards	(3,942)	(4,076)
Change in overdraft balances	4,052	(459)
Other	2	(35)
Net cash used in financing activities	(1,647)	(50,700)
Effect of foreign exchange rate fluctuations on cash	(2,950)	680
Net increase (decrease) in cash	(288,412)	67,673
Cash at beginning of period	320,525	215,091
Cash at end of period	32,113	282,764
Supplemental information:
Interest paid	1,276	1,714
Income taxes paid (refunded)	33,941	(20,916)
Cash paid for amounts included in measurement of operating lease liabilities	135,116	152,240
Operating lease assets obtained in exchange for new operating lease liabilities	$ 71,598	$ 68,773

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Non-Redeemable Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Shares
Beginning balance at Jan. 30, 2021	$ 566,759	$ 1,009	$ 15,438	$ 282,308	$ 320,920	$ (35,059)	$ (17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	8,878				8,878
Other comprehensive income (loss)	1,458					1,458
Share-based compensation expense	1,912			1,912
Other	1	(181)	6	176
Ending balance at May. 01, 2021	579,008	828	15,444	284,396	329,798	(33,601)	(17,857)
Beginning balance at Jan. 30, 2021	566,759	1,009	15,438	282,308	320,920	(35,059)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	52,710
Other comprehensive income (loss)	1,182
Shares repurchased	(30,600)
Ending balance at Oct. 30, 2021	592,424	827	15,071	288,813	339,447	(33,877)	(17,857)
Beginning balance at May. 01, 2021	579,008	828	15,444	284,396	329,798	(33,601)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	10,937				10,937
Other comprehensive income (loss)	173					173
Share-based compensation expense	2,055			2,055
Restricted stock issuance			219	(219)
Restricted shares withheld for taxes	(4,076)		(64)	64	(4,076)
Other			(2)	2
Ending balance at Jul. 31, 2021	588,097	828	15,597	286,298	336,659	(33,428)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	32,895				32,895
Other comprehensive income (loss)	(449)					(449)
Share-based compensation expense	2,509			2,509
Shares repurchased	(30,629)		(522)		(30,107)
Other	1	(1)	(4)	6
Ending balance at Oct. 30, 2021	592,424	827	15,071	288,813	339,447	(33,877)	(17,857)
Beginning balance at Jan. 29, 2022	602,468	827	14,256	291,444	350,206	(36,408)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	4,947				4,947
Other comprehensive income (loss)	(3,817)					(3,817)
Share-based compensation expense	3,239			3,239
Restricted stock issuance			78	(78)
Shares repurchased	(6,500)		(104)		(6,396)
Other	1	(9)	(13)	23
Ending balance at Apr. 30, 2022	600,338	818	14,217	294,628	348,757	(40,225)	(17,857)
Beginning balance at Jan. 29, 2022	602,468	827	14,256	291,444	350,206	(36,408)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	32,966
Other comprehensive income (loss)	(9,923)
Shares repurchased	(72,700)
Ending balance at Oct. 29, 2022	559,343	817	13,101	301,692	307,921	(46,331)	(17,857)
Beginning balance at Apr. 30, 2022	600,338	818	14,217	294,628	348,757	(40,225)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	7,643				7,643
Other comprehensive income (loss)	(1,699)					(1,699)
Share-based compensation expense	3,549			3,549
Restricted stock issuance			239	(239)
Restricted shares withheld for taxes	(3,875)		(72)	72	(3,875)
Shares repurchased	(45,422)		(826)		(44,596)
Other	(1)		(1)
Ending balance at Jul. 30, 2022	560,533	818	13,557	298,010	307,929	(41,924)	(17,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	20,376				20,376
Other comprehensive income (loss)	(4,407)					(4,407)
Share-based compensation expense	3,676			3,676
Restricted shares withheld for taxes	(67)		(2)	2	(67)
Shares repurchased	(20,768)		(451)		(20,317)
Other		(1)	(3)	4
Ending balance at Oct. 29, 2022	$ 559,343	$ 817	$ 13,101	$ 301,692	$ 307,921	$ (46,331)	$ (17,857)

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 29, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 Summary of Sig nificant Accounting Policies Basis of Presentation The Condensed Consolidated Financial Statements and Notes contained in this report are unaudited but reflect all adjustments, including normal recurring adjustments, necessary for a fair presentation of the results for the interim periods of the fiscal year ending January 28, 2023 ("Fiscal 2023") and of the fiscal year ended January 29, 2022 ("Fiscal 2022"). All subsidiaries are consolidated in the Condensed Consolidated Financial Statements. All significant intercompany transactions and accounts have been eliminated. The results of operations for any interim period are not necessarily indicative of results for the full year. The Condensed Consolidated Financial Statements and the related Notes have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles (“GAAP”) for complete financial statements. The Condensed Consolidated Balance Sheet as of January 29, 2022 has been derived from the audited financial statements at that date. These Condensed Consolidated Financial Statements should be read in conjunction with our Consolidated Financial Statements and Notes for Fiscal 2022, which are contained in our Annual Report on Form 10-K as filed with the SEC on March 23, 2022. Nature of Operations Genesco Inc. and its subsidiaries (collectively the "Company", "Genesco," "we", "our", or "us") business includes the sourcing and design, marketing and distribution of footwear and accessories through retail stores in the U.S., Puerto Rico and Canada primarily under the Journeys ® , Journeys Kidz ® , Little Burgundy ® and Johnston & Murphy ® banners and under the Schuh ® banner in the United Kingdom (“U.K.”) and the Republic of Ireland (“ROI”); through catalogs and e-commerce websites including the following: journeys.com, journeyskidz.com, journeys.ca, littleburgundyshoes.com, schuh.co.uk, schuh.ie, schuh.eu, johnstonmurphy.com, johnstonmurphy.ca, nashvilleshoewarehouse.com and dockersshoes.com and at wholesale, primarily under our Johnston & Murphy brand, the licensed Levi's ® brand, the licensed Dockers ® brand, the licensed G.H. Bass ® brand and other brands that we license for footwear. At October 29, 2022, we operated 1,404 retail stores in the U.S., Puerto Rico, Canada, the U.K. and the ROI. During the three and nine months ended October 29, 2022 and October 30, 2021, we operated four reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz and Little Burgundy retail footwear chains and e-commerce operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations and wholesale distribution of products under the Johnston & Murphy brand; and (iv) Licensed Brands, comprised of the licensed Dockers, Levi's, and G.H. Bass brands, as well as other brands we license for footwear. Selling and Administrative Expenses Wholesale costs of distribution are included in selling and administrative expenses on the Condensed Consolidated Statements of Operations in the amount of $ 3.7 million and $ 2.7 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 9.5 million and $ 9.9 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively. Retail occupancy costs recorded in selling and administrative expense were $ 77.5 million and $ 75.0 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 231.8 million and $ 220.9 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively. Fiscal 2022 included COVID-related rent credits and government property tax relief. Advertising Costs Advertising costs were $ 31.3 million and $ 27.0 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 81.4 million and $ 71.6 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively. Vendor Allowances Vendor reimbursements of cooperative advertising costs recognized as a reduction of selling and administrative expenses were $ 5.0 million and $ 2.3 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 11.7 million and $ 7.7 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively. During the first nine months of each of Fiscal 2023 and Fiscal 2022, our cooperative advertising reimbursements received were not in excess of the costs incurred. Note 1 Summary of Significant Accounting Policies, Continued Income Taxes In the fourth quarter of Fiscal 2021, we implemented tax strategies allowed under the 5-year carryback provisions in the CARES Act which we believed would generate approximately $ 55 million of net tax refunds. We received approximately $ 26 million of such net tax refunds in Fiscal 2022 and anticipated receipt of the remaining outstanding net tax refund in Fiscal 2023. However, in the third quarter of Fiscal 2023, we were notified the IRS would conduct an audit of the periods related to the outstanding net tax refund. While we do not believe any uncertainty with the technical merits of the positions generating the net tax refunds exists, we do anticipate the timing of the net tax refund will be extended as a result of the audit process. Accordingly, we have adjusted the presentation of the outstanding refund to non-current prepaid income taxes on the Condensed Consolidated Balance Sheets for Fiscal 2023. COVID-19 Pandemic The COVID-19 pandemic has created significant public health concerns as well as economic disruption, uncertainty, and volatility which may negatively affect our business operations. As a result, if the pandemic persists or worsens, our accounting estimates and assumptions could be impacted in subsequent interim reports and upon final determination at year-end, and it is reasonably possible such changes could be significant. New Accounting Pronouncements We do not currently have any new accounting pronouncements pending adoption.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Oct. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 2 Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill by segment were as follows: (In thousands) Journeys Licensed Total Balance, January 29, 2022 $ 10,087 $ 28,469 $ 38,556 Effect of foreign currency exchange rates ( 637 ) ( 16 ) ( 653 ) Balance, October 29, 2022 $ 9,450 $ 28,453 $ 37,903 Other intangibles by major classes were as follows: Trademarks Customer Lists Other Total (In thousands) Oct. 29, 2022 Jan. 29, Oct. 29, 2022 Jan. 29, Oct. 29, 2022 Jan. 29, Oct. 29, 2022 Jan. 29, Gross other intangibles $ 22,713 $ 25,935 $ 6,393 $ 6,586 $ 400 $ 400 $ 29,506 $ 32,921 Accumulated amortization — — ( 2,898 ) ( 2,666 ) ( 400 ) ( 400 ) ( 3,298 ) ( 3,066 ) Net Other Intangibles $ 22,713 $ 25,935 $ 3,495 $ 3,920 $ — $ — $ 26,208 $ 29,855

Asset Impairments and Other Cha

Asset Impairments and Other Charges	9 Months Ended
	Oct. 29, 2022
Asset Impairment Charges [Abstract]
Asset Impairments and Other Charges	Note 3 Asset Impairments and Other Charges Asset impairment and other charges for the first nine months ended October 29, 2022 are not considered material. We recorded pretax charges of $ 0.3 million in the third quarter of Fiscal 2022, including $ 0.1 million for professional fees related to actions of an activist shareholder and $ 0.2 for retail store asset impairments. We recorded charges of $ 10.1 million in the first nine months of Fiscal 2022, including $ 8.6 million for professional fees related to actions of an activist shareholder and $ 2.0 million for retail store asset impairments, partially offset by a $ 0.6 million insurance gain.

Inventories

Inventories	9 Months Ended
	Oct. 29, 2022
Inventory Disclosure [Abstract]
Inventories	Note 4 Inventories Inventories (In thousands) October 29, 2022 January 29, 2022 Wholesale finished goods $ 71,425 $ 28,432 Retail merchandise 492,065 249,768 Total Inventories $ 563,490 $ 278,200

Fair Value

Fair Value	9 Months Ended
	Oct. 29, 2022
Fair Value Disclosures [Abstract]
Fair Value	Note 5 Fair Value Fair Value of Financial Instruments The carrying amounts and fair values of our financial instruments at October 29, 2022 and January 29, 2022 are as follows: Fair Values (In thousands) October 29, 2022 January 29, 2022 Carrying Fair Carrying Fair U.S. Revolver Borrowings $ 85,904 $ 85,716 $ 15,679 $ 15,679 U.K. Revolver Borrowings 3,484 3,413 — — Debt fair values were determined using a discounted cash flow analysis based on current market interest rates for similar types of financial instruments and would be classified in Level 2 within the fair value hierarchy. As of October 29, 2022, we have $ 10.5 million of investments held and used which were measured using Level 1 inputs within the fair value hierarchy.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 29, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 6 Earnings Per Share Weighted-average number of shares used to calculate earnings per share are as follows: Three Months Ended Nine Months Ended (Shares in thousands) October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Weighted-average number of shares - basic 12,138 14,314 12,637 14,313 Common stock equivalents 188 302 264 330 Weighted-average number of shares - diluted 12,326 14,616 12,901 14,643 We repurchased 451,343 shares during the third quarter of Fiscal 2023 at a cost of $ 20.8 million, or $ 46.01 per share and repurchased 1,380,272 shares during the first nine months of Fiscal 2023 at a cost of $ 72.7 million, or $ 52.66 per share. We accrued $ 4.8 million of share repurchases in the fourth quarter of Fiscal 2022 due to timing of the cash settlement which are included on the Condensed Consolidated Statements of Cash Flows for the nine months ended October 29, 2022. We have $ 34.1 million remaining as of October 29, 2022 under our expanded share repurchase authorization announced in February 2022. We repurchased 521,693 shares during the third quarter and first nine months of Fiscal 2022 at a cost of $ 30.6 million, or $ 58.71 per share. We accrued $ 2.1 million for share repurchases as of October 30, 2021. During the fourth quarter of Fiscal 2023, through December 7, 2022, we have no t repurchased any shares.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Note 7 Long-Term Debt (In thousands) October 29, 2022 January 29, 2022 U.S. revolver borrowings $ 85,904 $ 15,679 U.K. revolver borrowings 3,484 — Total long-term debt 89,388 15,679 Current portion 3,484 — Total Noncurrent Portion of Long-Term Debt $ 85,904 $ 15,679 The revolver borrowings outstanding under the Credit Facility as of October 29, 2022 included $ 72.2 million U.S. revolver borrowings and $ 13.7 million ( £ 11.8 million) related to Genesco (UK) Limited. In addition, revolver borrowings outstanding under Schuh's Facility Letter were $ 3.5 million ( £ 3.0 million). We were in compliance with all the relevant terms and conditions of the Credit Facility and Facility Letter as of October 29, 2022. Excess availability under the Credit Facility was $ 237.0 million at October 29, 2022. On November 2, 2022, Schuh entered into a facility agreement (the "Facility Agreement") with Lloyds Bank PLC ("Lloyds") for a £ 19.0 million revolving credit facility. The Facility Agreement expires November 2, 2025, with options to request two one-year extensions to this termination date subject to lender approval, and bears interest at 2.35 % over the Bank of England Base Rate. This Facility Agreement replaces Schuh's Facility Letter that would have expired in October 2023 . The Facility Agreement includes certain financial covenants specific to Schuh. Following certain customary events of default outlined in the Facility Agreement, payment of outstanding amounts due may be accelerated or the commitments may be terminated. The Facility Agreement is secured by charges over all of the assets of Schuh, and Schuh's subsidiary, Schuh (ROI) Limited. Pursuant to a Guarantee in favor of Lloyds in its capacity as security trustee, Genesco Inc. has guaranteed the obligations of Schuh under the Facility Agreement and certain existing ancillary facilities on an unsecured basis.

Legal Proceedings

Legal Proceedings	9 Months Ended
	Oct. 29, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Note 8 Legal Proceedings Environmental Matters The Company has legacy obligations including environmental monitoring and reporting costs related to: (i) a 2016 Consent Judgment entered into with the United States Environmental Protection Agency involving the site of a knitting mill operated by a former subsidiary of ours from 1965 to 1969 in Garden City, New York; and (ii) a 2010 Consent Decree with the Michigan Department of Natural Resources and Environment relating to our former Volunteer Leather Company facility in Whitehall, Michigan. We do not expect that future obligations related to either of these sites will have a material effect on our consolidated financial condition or results of operations. Accrual for Environmental Contingencies Related to all outstanding environmental contingencies, we had accrued $ 1.4 million as of each of October 29, 2022, January 29, 2022 and October 30, 2021. All such provisions reflect our estimates of the most likely cost (undiscounted, including both current and noncurrent portions) of resolving the contingencies, based on facts and circumstances as of the time they were made. There is no assurance that relevant facts and circumstances will not change, necessitating future changes to the provisions. Such contingent liabilities are included in the liability arising from provision for discontinued operations on the accompanying Condensed Consolidated Balance Sheets because they relate to former facilities operated by us. We have made pretax accruals for certain of these contingencies which were not material for the first nine months of Fiscal 2023 or Fiscal 2022. These charges are included in loss from discontinued operations, net in the Condensed Consolidated Statements of Operations and represent changes in estimates. In addition to the matters specifically described in this Note, we are a party to other legal and regulatory proceedings and claims arising in the ordinary course of our business. While management does not believe that our liability with respect to any of these other matters is likely to have a material effect on our condensed consolidated financial statements, legal proceedings are subject to inherent uncertainties, and unfavorable rulings could have a material adverse impact on our condensed consolidated financial statements.

Commitments

Commitments	9 Months Ended
	Oct. 29, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments	Note 9 Commitments As part of our Licensed Brands business, we have a commitment to Samsung C&T America, Inc. (“Samsung”) related to the ultimate sale and valuation of inventories owned by Samsung. If product is sold below Samsung’s cost, we are required to pay to Samsung the difference between the sales price and its cost. At October 29, 2022, the inventory owned by Samsung had a historical cost of $ 19.8 million. As of October 29, 2022, we believe that we have appropriately accounted for any differences between the fair value of the Samsung inventory and Samsung's historical cost.

Business Segment Information

Business Segment Information	9 Months Ended
	Oct. 29, 2022
Segment Reporting [Abstract]
Business Segment Information	Note 10 Business Segment Information Three Months Ended October 29, 2022 ( In thousands) Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 380,619 $ 104,809 $ 79,614 $ 40,661 $ — $ 605,703 Intercompany sales — — — ( 1,915 ) — ( 1,915 ) Net sales to external customers 380,619 104,809 79,614 38,746 — 603,788 Operating income (loss) 27,083 5,912 3,494 ( 1,927 ) ( 8,489 ) 26,073 Other components of net periodic benefit cost — — — — ( 50 ) ( 50 ) Interest expense, net — — — — ( 906 ) ( 906 ) Earnings (loss) from continuing operations before income taxes $ 27,083 $ 5,912 $ 3,494 $ ( 1,927 ) $ ( 9,445 ) $ 25,117 Total assets (1) $ 841,021 $ 206,996 $ 193,039 $ 72,586 $ 223,351 $ 1,536,993 Depreciation and amortization 6,849 1,485 1,092 214 1,032 10,672 Capital expenditures 4,638 2,405 1,719 370 1,708 10,840 (1) Of our $ 704.6 million of long-lived assets, $ 89.3 million and $ 18.5 million relate to long-lived assets in the U.K. and Canada, respectively. Three Months Ended October 30, 2021 ( In thousands) Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 379,927 $ 119,791 $ 66,835 $ 34,154 $ — $ 600,707 Intercompany sales — — — ( 161 ) — ( 161 ) Net sales to external customers 379,927 119,791 66,835 33,993 — 600,546 Segment operating income (loss) 43,403 9,701 1,641 ( 132 ) ( 10,543 ) 44,070 Asset impairments and other (1) — — — — ( 314 ) ( 314 ) Operating income (loss) 43,403 9,701 1,641 ( 132 ) ( 10,857 ) 43,756 Other components of net periodic benefit cost — — — — ( 55 ) ( 55 ) Interest expense, net — — — — ( 585 ) ( 585 ) Earnings (loss) from continuing operations before income taxes $ 43,403 $ 9,701 $ 1,641 $ ( 132 ) $ ( 11,497 ) $ 43,116 Total assets (2) $ 760,370 $ 229,347 $ 131,378 $ 53,310 $ 442,404 $ 1,616,809 Depreciation and amortization 7,160 1,675 1,148 266 375 10,624 Capital expenditures 4,645 718 1,104 270 8,225 14,962 (1) Asset impairments and other includes a $ 0.1 million charge for professional fees related to the actions of an activist shareholder and a $ 0.2 million charge for retail store asset impairments, which includes $ 0.2 million in Journeys Group. (2) Of our $ 781.3 million of long-lived assets, $ 120.3 million and $ 29.1 million relate to long-lived assets in the U.K. and Canada, respectively. Note 10 Business Segment Information, Continued Nine Months Ended October 29, 2022 Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 1,016,396 $ 294,486 $ 225,448 $ 126,442 $ — $ 1,662,772 Intercompany sales — — — ( 2,904 ) — ( 2,904 ) Net sales to external customers (1) 1,016,396 294,486 225,448 123,538 — 1,659,868 Segment operating income (loss) 51,235 5,260 7,256 2,551 ( 23,055 ) 43,247 Asset impairments and other (2) — — — — 154 154 Operating income (loss) 51,235 5,260 7,256 2,551 ( 22,901 ) 43,401 Other components of net periodic benefit cost — — — — ( 198 ) ( 198 ) Interest expense, net — — — — ( 1,608 ) ( 1,608 ) Earnings (loss) from continuing $ 51,235 $ 5,260 $ 7,256 $ 2,551 $ ( 24,707 ) $ 41,595 Depreciation and amortization $ 21,060 $ 4,607 $ 3,271 $ 692 $ 2,271 $ 31,901 Capital expenditures 15,539 6,278 5,528 1,033 11,467 39,845 (1) Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82 % and 18 % , respectively, of our net sales for the nine months ended October 29, 2022. (2) Asset impairments and other includes a $ 0.5 million charge for asset impairments, which includes $ 0.2 million in Journeys Group, $ 0.2 million in Schuh Group and $ 0.1 million in Licensed Brands, partially offset by a $ 0.7 million gain on the termination of the pension plan. Nine Months Ended October 30, 2021 Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 1,102,750 $ 294,581 $ 176,756 $ 120,952 $ — $ 1,695,039 Intercompany sales — — — ( 615 ) — ( 615 ) Net sales to external customers (1) 1,102,750 294,581 176,756 120,337 — $ 1,694,424 Segment operating income (loss) 106,895 9,477 2,412 3,420 ( 39,966 ) $ 82,238 Asset impairments and other (2) — — — — ( 10,054 ) ( 10,054 ) Operating income (loss) 106,895 9,477 2,412 3,420 ( 50,020 ) 72,184 Other components of net periodic benefit cost — — — — ( 72 ) ( 72 ) Interest expense — — — — ( 1,931 ) ( 1,931 ) Earnings (loss) from continuing $ 106,895 $ 9,477 $ 2,412 $ 3,420 $ ( 52,023 ) $ 70,181 Depreciation and amortization $ 21,549 $ 5,356 $ 3,460 $ 820 $ 1,073 $ 32,258 Capital expenditures 18,418 1,945 3,666 750 9,728 34,507 (1) Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83 % and 17 % , respectively, of our net sales for the nine months ended October 30, 2021. (2) Asset impairments and other includes an $ 8.6 million charge for professional fees related to the actions of an activist shareholder and a $ 2.0 million charge for retail store asset impairments, which includes $ 1.0 million in Journeys Group, $ 0.8 million in Schuh Group and $ 0.2 million in the Johnston & Murphy Group, partially offset by a $ 0.6 million insurance gain.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 29, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements and Notes contained in this report are unaudited but reflect all adjustments, including normal recurring adjustments, necessary for a fair presentation of the results for the interim periods of the fiscal year ending January 28, 2023 ("Fiscal 2023") and of the fiscal year ended January 29, 2022 ("Fiscal 2022"). All subsidiaries are consolidated in the Condensed Consolidated Financial Statements. All significant intercompany transactions and accounts have been eliminated. The results of operations for any interim period are not necessarily indicative of results for the full year. The Condensed Consolidated Financial Statements and the related Notes have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles (“GAAP”) for complete financial statements. The Condensed Consolidated Balance Sheet as of January 29, 2022 has been derived from the audited financial statements at that date. These Condensed Consolidated Financial Statements should be read in conjunction with our Consolidated Financial Statements and Notes for Fiscal 2022, which are contained in our Annual Report on Form 10-K as filed with the SEC on March 23, 2022.
Nature of Operations	Nature of Operations Genesco Inc. and its subsidiaries (collectively the "Company", "Genesco," "we", "our", or "us") business includes the sourcing and design, marketing and distribution of footwear and accessories through retail stores in the U.S., Puerto Rico and Canada primarily under the Journeys ® , Journeys Kidz ® , Little Burgundy ® and Johnston & Murphy ® banners and under the Schuh ® banner in the United Kingdom (“U.K.”) and the Republic of Ireland (“ROI”); through catalogs and e-commerce websites including the following: journeys.com, journeyskidz.com, journeys.ca, littleburgundyshoes.com, schuh.co.uk, schuh.ie, schuh.eu, johnstonmurphy.com, johnstonmurphy.ca, nashvilleshoewarehouse.com and dockersshoes.com and at wholesale, primarily under our Johnston & Murphy brand, the licensed Levi's ® brand, the licensed Dockers ® brand, the licensed G.H. Bass ® brand and other brands that we license for footwear. At October 29, 2022, we operated 1,404 retail stores in the U.S., Puerto Rico, Canada, the U.K. and the ROI. During the three and nine months ended October 29, 2022 and October 30, 2021, we operated four reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys, Journeys Kidz and Little Burgundy retail footwear chains and e-commerce operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations and wholesale distribution of products under the Johnston & Murphy brand; and (iv) Licensed Brands, comprised of the licensed Dockers, Levi's, and G.H. Bass brands, as well as other brands we license for footwear.
Selling and Administrative Expenses	Selling and Administrative Expenses Wholesale costs of distribution are included in selling and administrative expenses on the Condensed Consolidated Statements of Operations in the amount of $ 3.7 million and $ 2.7 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 9.5 million and $ 9.9 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively. Retail occupancy costs recorded in selling and administrative expense were $ 77.5 million and $ 75.0 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 231.8 million and $ 220.9 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively. Fiscal 2022 included COVID-related rent credits and government property tax relief.
Advertising Costs	Advertising Costs Advertising costs were $ 31.3 million and $ 27.0 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 81.4 million and $ 71.6 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively.
Vendor Allowances	Vendor Allowances Vendor reimbursements of cooperative advertising costs recognized as a reduction of selling and administrative expenses were $ 5.0 million and $ 2.3 million for the third quarters of Fiscal 2023 and Fiscal 2022, respectively, and $ 11.7 million and $ 7.7 million for the first nine months of Fiscal 2023 and Fiscal 2022, respectively. During the first nine months of each of Fiscal 2023 and Fiscal 2022, our cooperative advertising reimbursements received were not in excess of the costs incurred.
Income Taxes	Income Taxes In the fourth quarter of Fiscal 2021, we implemented tax strategies allowed under the 5-year carryback provisions in the CARES Act which we believed would generate approximately $ 55 million of net tax refunds. We received approximately $ 26 million of such net tax refunds in Fiscal 2022 and anticipated receipt of the remaining outstanding net tax refund in Fiscal 2023. However, in the third quarter of Fiscal 2023, we were notified the IRS would conduct an audit of the periods related to the outstanding net tax refund. While we do not believe any uncertainty with the technical merits of the positions generating the net tax refunds exists, we do anticipate the timing of the net tax refund will be extended as a result of the audit process. Accordingly, we have adjusted the presentation of the outstanding refund to non-current prepaid income taxes on the Condensed Consolidated Balance Sheets for Fiscal 2023.
Covid-19 Pandemic	COVID-19 Pandemic The COVID-19 pandemic has created significant public health concerns as well as economic disruption, uncertainty, and volatility which may negatively affect our business operations. As a result, if the pandemic persists or worsens, our accounting estimates and assumptions could be impacted in subsequent interim reports and upon final determination at year-end, and it is reasonably possible such changes could be significant.
New Accounting Pronouncements	New Accounting Pronouncements We do not currently have any new accounting pronouncements pending adoption.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Oct. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill by Segment	The changes in the carrying amount of goodwill by segment were as follows: (In thousands) Journeys Licensed Total Balance, January 29, 2022 $ 10,087 $ 28,469 $ 38,556 Effect of foreign currency exchange rates ( 637 ) ( 16 ) ( 653 ) Balance, October 29, 2022 $ 9,450 $ 28,453 $ 37,903
Summary of Other Intangible Assets	Other intangibles by major classes were as follows: Trademarks Customer Lists Other Total (In thousands) Oct. 29, 2022 Jan. 29, Oct. 29, 2022 Jan. 29, Oct. 29, 2022 Jan. 29, Oct. 29, 2022 Jan. 29, Gross other intangibles $ 22,713 $ 25,935 $ 6,393 $ 6,586 $ 400 $ 400 $ 29,506 $ 32,921 Accumulated amortization — — ( 2,898 ) ( 2,666 ) ( 400 ) ( 400 ) ( 3,298 ) ( 3,066 ) Net Other Intangibles $ 22,713 $ 25,935 $ 3,495 $ 3,920 $ — $ — $ 26,208 $ 29,855

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 29, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories (In thousands) October 29, 2022 January 29, 2022 Wholesale finished goods $ 71,425 $ 28,432 Retail merchandise 492,065 249,768 Total Inventories $ 563,490 $ 278,200

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Oct. 29, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Values of Financial Instruments	The carrying amounts and fair values of our financial instruments at October 29, 2022 and January 29, 2022 are as follows: Fair Values (In thousands) October 29, 2022 January 29, 2022 Carrying Fair Carrying Fair U.S. Revolver Borrowings $ 85,904 $ 85,716 $ 15,679 $ 15,679 U.K. Revolver Borrowings 3,484 3,413 — —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 29, 2022
Earnings Per Share [Abstract]
Summary of Weighted-Average Number of Shares	Weighted-average number of shares used to calculate earnings per share are as follows: Three Months Ended Nine Months Ended (Shares in thousands) October 29, 2022 October 30, 2021 October 29, 2022 October 30, 2021 Weighted-average number of shares - basic 12,138 14,314 12,637 14,313 Common stock equivalents 188 302 264 330 Weighted-average number of shares - diluted 12,326 14,616 12,901 14,643

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 29, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-Term Debt (In thousands) October 29, 2022 January 29, 2022 U.S. revolver borrowings $ 85,904 $ 15,679 U.K. revolver borrowings 3,484 — Total long-term debt 89,388 15,679 Current portion 3,484 — Total Noncurrent Portion of Long-Term Debt $ 85,904 $ 15,679

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Oct. 29, 2022
Segment Reporting [Abstract]
Schedule of Business Segment Information	Three Months Ended October 29, 2022 ( In thousands) Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 380,619 $ 104,809 $ 79,614 $ 40,661 $ — $ 605,703 Intercompany sales — — — ( 1,915 ) — ( 1,915 ) Net sales to external customers 380,619 104,809 79,614 38,746 — 603,788 Operating income (loss) 27,083 5,912 3,494 ( 1,927 ) ( 8,489 ) 26,073 Other components of net periodic benefit cost — — — — ( 50 ) ( 50 ) Interest expense, net — — — — ( 906 ) ( 906 ) Earnings (loss) from continuing operations before income taxes $ 27,083 $ 5,912 $ 3,494 $ ( 1,927 ) $ ( 9,445 ) $ 25,117 Total assets (1) $ 841,021 $ 206,996 $ 193,039 $ 72,586 $ 223,351 $ 1,536,993 Depreciation and amortization 6,849 1,485 1,092 214 1,032 10,672 Capital expenditures 4,638 2,405 1,719 370 1,708 10,840 (1) Of our $ 704.6 million of long-lived assets, $ 89.3 million and $ 18.5 million relate to long-lived assets in the U.K. and Canada, respectively. Three Months Ended October 30, 2021 ( In thousands) Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 379,927 $ 119,791 $ 66,835 $ 34,154 $ — $ 600,707 Intercompany sales — — — ( 161 ) — ( 161 ) Net sales to external customers 379,927 119,791 66,835 33,993 — 600,546 Segment operating income (loss) 43,403 9,701 1,641 ( 132 ) ( 10,543 ) 44,070 Asset impairments and other (1) — — — — ( 314 ) ( 314 ) Operating income (loss) 43,403 9,701 1,641 ( 132 ) ( 10,857 ) 43,756 Other components of net periodic benefit cost — — — — ( 55 ) ( 55 ) Interest expense, net — — — — ( 585 ) ( 585 ) Earnings (loss) from continuing operations before income taxes $ 43,403 $ 9,701 $ 1,641 $ ( 132 ) $ ( 11,497 ) $ 43,116 Total assets (2) $ 760,370 $ 229,347 $ 131,378 $ 53,310 $ 442,404 $ 1,616,809 Depreciation and amortization 7,160 1,675 1,148 266 375 10,624 Capital expenditures 4,645 718 1,104 270 8,225 14,962 (1) Asset impairments and other includes a $ 0.1 million charge for professional fees related to the actions of an activist shareholder and a $ 0.2 million charge for retail store asset impairments, which includes $ 0.2 million in Journeys Group. (2) Of our $ 781.3 million of long-lived assets, $ 120.3 million and $ 29.1 million relate to long-lived assets in the U.K. and Canada, respectively. Note 10 Business Segment Information, Continued Nine Months Ended October 29, 2022 Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 1,016,396 $ 294,486 $ 225,448 $ 126,442 $ — $ 1,662,772 Intercompany sales — — — ( 2,904 ) — ( 2,904 ) Net sales to external customers (1) 1,016,396 294,486 225,448 123,538 — 1,659,868 Segment operating income (loss) 51,235 5,260 7,256 2,551 ( 23,055 ) 43,247 Asset impairments and other (2) — — — — 154 154 Operating income (loss) 51,235 5,260 7,256 2,551 ( 22,901 ) 43,401 Other components of net periodic benefit cost — — — — ( 198 ) ( 198 ) Interest expense, net — — — — ( 1,608 ) ( 1,608 ) Earnings (loss) from continuing $ 51,235 $ 5,260 $ 7,256 $ 2,551 $ ( 24,707 ) $ 41,595 Depreciation and amortization $ 21,060 $ 4,607 $ 3,271 $ 692 $ 2,271 $ 31,901 Capital expenditures 15,539 6,278 5,528 1,033 11,467 39,845 (1) Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82 % and 18 % , respectively, of our net sales for the nine months ended October 29, 2022. (2) Asset impairments and other includes a $ 0.5 million charge for asset impairments, which includes $ 0.2 million in Journeys Group, $ 0.2 million in Schuh Group and $ 0.1 million in Licensed Brands, partially offset by a $ 0.7 million gain on the termination of the pension plan. Nine Months Ended October 30, 2021 Journeys Schuh Johnston Licensed Corporate Consolidated Sales $ 1,102,750 $ 294,581 $ 176,756 $ 120,952 $ — $ 1,695,039 Intercompany sales — — — ( 615 ) — ( 615 ) Net sales to external customers (1) 1,102,750 294,581 176,756 120,337 — $ 1,694,424 Segment operating income (loss) 106,895 9,477 2,412 3,420 ( 39,966 ) $ 82,238 Asset impairments and other (2) — — — — ( 10,054 ) ( 10,054 ) Operating income (loss) 106,895 9,477 2,412 3,420 ( 50,020 ) 72,184 Other components of net periodic benefit cost — — — — ( 72 ) ( 72 ) Interest expense — — — — ( 1,931 ) ( 1,931 ) Earnings (loss) from continuing $ 106,895 $ 9,477 $ 2,412 $ 3,420 $ ( 52,023 ) $ 70,181 Depreciation and amortization $ 21,549 $ 5,356 $ 3,460 $ 820 $ 1,073 $ 32,258 Capital expenditures 18,418 1,945 3,666 750 9,728 34,507 (1) Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83 % and 17 % , respectively, of our net sales for the nine months ended October 30, 2021. (2) Asset impairments and other includes an $ 8.6 million charge for professional fees related to the actions of an activist shareholder and a $ 2.0 million charge for retail store asset impairments, which includes $ 1.0 million in Journeys Group, $ 0.8 million in Schuh Group and $ 0.2 million in the Johnston & Murphy Group, partially offset by a $ 0.6 million insurance gain.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 29, 2022 USD ($) Segment Store	Oct. 30, 2021 USD ($) Segment	Oct. 29, 2022 USD ($) Segment Store	Oct. 30, 2021 USD ($) Segment	Jan. 29, 2022 USD ($)	Jan. 29, 2021 USD ($)
Summary of Accounting Policies [Line Items]
Number of retail stores operated by company | Store	1,404		1,404
Number of reportable business segments | Segment	4	4	4	4
Selling and administrative expenses	$ 267,734	$ 251,131	$ 756,318	$ 743,147
Net tax refunds					$ 26,000	$ 55,000
Advertising costs	31,300	27,000	81,400	71,600
Vendor reimbursements of cooperative advertising costs	5,000	2,300	11,700	7,700
Wholesale Costs of Distribution
Summary of Accounting Policies [Line Items]
Selling and administrative expenses	3,700	2,700	9,500	9,900
Retail Occupancy Costs
Summary of Accounting Policies [Line Items]
Selling and administrative expenses	$ 77,500	$ 75,000	$ 231,800	$ 220,900

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill by Segment (Details) $ in Thousands	9 Months Ended
	Oct. 29, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 38,556
Effect of foreign currency exchange rates	(653)
Goodwill, ending balance	37,903
Journeys Group
Goodwill [Roll Forward]
Goodwill, beginning balance	10,087
Effect of foreign currency exchange rates	(637)
Goodwill, ending balance	9,450
Licensed Brands Group
Goodwill [Roll Forward]
Goodwill, beginning balance	28,469
Effect of foreign currency exchange rates	(16)
Goodwill, ending balance	$ 28,453

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Summary of Other Intangibles Assets (Details) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Other intangibles by major classes
Gross other intangibles	$ 29,506	$ 32,921
Accumulated amortization	(3,298)	(3,066)
Net Other Intangibles	26,208	29,855	$ 30,592
Trademarks
Other intangibles by major classes
Gross other intangibles	22,713	25,935
Accumulated amortization	0	0
Net Other Intangibles	22,713	25,935
Customer Lists
Other intangibles by major classes
Gross other intangibles	6,393	6,586
Accumulated amortization	(2,898)	(2,666)
Net Other Intangibles	3,495	3,920
Other
Other intangibles by major classes
Gross other intangibles	400	400
Accumulated amortization	(400)	(400)
Net Other Intangibles	$ 0	$ 0

Asset Impairments and Other C_2

Asset Impairments and Other Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021		Oct. 29, 2022		Oct. 30, 2021
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net	$ 0	$ 314	[1]	$ (154)	[2]	$ 10,054	[3]
Insurance gain						600
Professional Fees Related to Actions of Activist Shareholder
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net		100				8,600
Retail Store Asset Impairments
Restructuring Cost And Reserve [Line Items]
Asset impairments and other, net		$ 200		$ 500		$ 2,000
[1] Asset impairments and other includes a $ 0.1 million charge for professional fees related to the actions of an activist shareholder and a $ 0.2 million charge for retail store asset impairments, which includes $ 0.2 million in Journeys Group. Asset impairments and other includes a $ 0.5 million charge for asset impairments, which includes $ 0.2 million in Journeys Group, $ 0.2 million in Schuh Group and $ 0.1 million in Licensed Brands, partially offset by a $ 0.7 million gain on the termination of the pension plan. Asset impairments and other includes an $ 8.6 million charge for professional fees related to the actions of an activist shareholder and a $ 2.0 million charge for retail store asset impairments, which includes $ 1.0 million in Journeys Group, $ 0.8 million in Schuh Group and $ 0.2 million in the Johnston & Murphy Group, partially offset by a $ 0.6 million insurance gain.

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Inventories
Wholesale finished goods	$ 71,425	$ 28,432
Retail merchandise	492,065	249,768
Total Inventories	$ 563,490	$ 278,200	$ 339,198

Inventories - Schedule of Other

Inventories - Schedule of Other Current Accrued Liabilities (Details) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Accrued Liabilities, Current [Abstract]
Total Other Current Accrued Liabilities	$ 82,193	$ 134,156	$ 133,569

Fair Value - Schedule of Fair V

Fair Value - Schedule of Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Oct. 29, 2022	Jan. 29, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	$ 89,388	$ 15,679
U.S. Revolver Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	85,904	15,679
Fair Value	85,716	15,679
U.S. Revolver Borrowings | Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	72,200
U.K. Revolver Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	3,484	0
Fair Value	$ 3,413	$ 0

Fair Value - Additional Informa

Fair Value - Additional Information (Details) $ in Millions	Oct. 29, 2022 USD ($)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments held	$ 10.5

Earnings Per Share - Summary of

Earnings Per Share - Summary of Weighted-Average Number of Shares (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
Earnings Per Share [Abstract]
Weighted-average number of shares - basic (in shares)	12,138	14,314	12,637	14,313
Common stock equivalents (in shares)	188	302	264	330
Weighted-average number of shares - diluted (in shares)	12,326	14,616	12,901	14,643

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended				9 Months Ended
	Dec. 07, 2022	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021	Jan. 29, 2022
Earnings Per Share [Abstract]
Stock repurchased during period (in shares)	0	451,343				1,380,272	521,693
Shares repurchased		$ 20,768	$ 45,422	$ 6,500	$ 30,629	$ 72,700	$ 30,600
Share price		$ 46.01				$ 52.66	$ 58.71
Stock repurchase accrued amount					$ 2,100		$ 2,100	$ 4,800
Remaining authorized repurchase amount		$ 34,100				$ 34,100

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 long-term debt	$ 89,388	$ 15,679
Current portion	3,484	0	$ 0
Total Noncurrent Portion of Long-Term Debt	85,904	15,679	$ 15,610
U.S. Revolver Borrowings
Debt Instrument [Line Items]
Total long-term debt	85,904	15,679
U.K. Revolver Borrowings
Debt Instrument [Line Items]
Total long-term debt	$ 3,484	$ 0

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) $ in Thousands, £ in Millions		9 Months Ended
	Nov. 02, 2022 GBP (£)	Oct. 29, 2022 USD ($)	Oct. 29, 2022 GBP (£)	Jan. 29, 2022 USD ($)
Debt Instrument [Line Items]
Carrying Amount		$ 89,388		$ 15,679
Long term debt description		The revolver borrowings outstanding under the Credit Facility as of October 29, 2022 included $72.2 million U.S. revolver borrowings and $13.7 million (£11.8 million) related to Genesco (UK) Limited. In addition, revolver borrowings outstanding under Schuh's Facility Letter were $3.5 million (£3.0 million). We were in compliance with all the relevant terms and conditions of the Credit Facility and Facility Letter as of October 29, 2022. Excess availability under the Credit Facility was $237.0 million at October 29, 2022. On November 2, 2022, Schuh entered into a facility agreement (the "Facility Agreement") with Lloyds Bank PLC ("Lloyds") for a £19.0 million revolving credit facility. The Facility Agreement expires November 2, 2025, with options to request two one-year extensions to this termination date subject to lender approval, and bears interest at 2.35% over the Bank of England Base Rate. This Facility Agreement replaces Schuh's Facility Letter that would have expired in October 2023. The Facility Agreement includes certain financial covenants specific to Schuh. Following certain customary events of default outlined in the Facility Agreement, payment of outstanding amounts due may be accelerated or the commitments may be terminated. The Facility Agreement is secured by charges over all of the assets of Schuh, and Schuh's subsidiary, Schuh (ROI) Limited. Pursuant to a Guarantee in favor of Lloyds in its capacity as security trustee, Genesco Inc. has guaranteed the obligations of Schuh under the Facility Agreement and certain existing ancillary facilities on an unsecured basis.
Revolving Credit Facility
Debt Instrument [Line Items]
Excess availability under credit facility		$ 237,000
Genesco (UK) Limited | Revolving Credit Facility
Debt Instrument [Line Items]
Carrying Amount		13,700	£ 11.8
Schuh Limited [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Carrying Amount		3,500	£ 3
Schuh Limited [Member] | BaseRateMember | Revolving Credit Facility
Debt Instrument [Line Items]
Stated interest rate	2.35%
U.S. Revolver Borrowings
Debt Instrument [Line Items]
Carrying Amount		85,904		$ 15,679
U.S. Revolver Borrowings | Revolving Credit Facility
Debt Instrument [Line Items]
Carrying Amount		$ 72,200
FacilityAgreementMember | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility expiration date	2023-10
FacilityAgreementMember | Schuh Limited [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount of credit facility | £	£ 19

Legal Proceedings - Additional

Legal Proceedings - Additional Information (Details) - USD ($) $ in Millions	Oct. 29, 2022	Jan. 29, 2022	Oct. 30, 2021
Loss Contingencies [Line Items]
Amount related to outstanding environmental contingencies	$ 1.4	$ 1.4	$ 1.4

Commitments - Additional Inform

Commitments - Additional Information (Details) $ in Millions	Oct. 29, 2022 USD ($)
Samsung
Loss Contingencies [Line Items]
Historical cost of inventory	$ 19.8

Business Segment Information -

Business Segment Information - Schedule of Business Segment Information (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
Segment Reporting Information [Line Items]
Net sales	$ 603,788		$ 600,546		$ 1,659,868	[1]	$ 1,694,424	[2]
Segment operating income (loss)			44,070		43,247		82,238
Asset impairments and other	0		(314)	[3]	154	[4]	(10,054)	[5]
Operating income	26,073		43,756		43,401		72,184
Other components of net periodic benefit income cost	(50)		(55)		(198)		(72)
Interest expense, net	(906)		(585)		(1,608)		(1,931)
Earnings from continuing operations before income taxes	25,117		43,116		41,595		70,181
Total assets	1,536,993	[6]	1,616,809	[7]	1,536,993	[6]	1,616,809	[7]	$ 1,562,099
Depreciation and amortization	10,672		10,624		31,901		32,258
Capital expenditures	10,840		14,962		39,845		34,507
Journeys Group
Segment Reporting Information [Line Items]
Net sales	380,619		379,927		1,016,396	[1]	1,102,750	[2]
Schuh Group
Segment Reporting Information [Line Items]
Net sales	104,809		119,791		294,486	[1]	294,581	[2]
Johnston & Murphy Group
Segment Reporting Information [Line Items]
Net sales	79,614		66,835		225,448	[1]	176,756	[2]
Licensed Brands Group
Segment Reporting Information [Line Items]
Net sales	38,746		33,993		123,538	[1]	120,337	[2]
Operating Segments
Segment Reporting Information [Line Items]
Net sales	605,703		600,707		1,662,772		1,695,039
Operating Segments | Journeys Group
Segment Reporting Information [Line Items]
Net sales	380,619		379,927		1,016,396		1,102,750
Segment operating income (loss)			43,403		51,235		106,895
Asset impairments and other			0	[3]	0	[4]	0	[5]
Operating income	27,083		43,403		51,235		106,895
Other components of net periodic benefit income cost	0		0		0		0
Interest expense, net	0		0		0		0
Earnings from continuing operations before income taxes	27,083		43,403		51,235		106,895
Total assets	841,021	[6]	760,370	[7]	841,021	[6]	760,370	[7]
Depreciation and amortization	6,849		7,160		21,060		21,549
Capital expenditures	4,638		4,645		15,539		18,418
Operating Segments | Schuh Group
Segment Reporting Information [Line Items]
Net sales	104,809		119,791		294,486		294,581
Segment operating income (loss)			9,701		(5,260)		(9,477)
Asset impairments and other			0	[3]	0	[4]	0	[5]
Operating income	5,912		9,701		(5,260)		(9,477)
Other components of net periodic benefit income cost	0		0		0		0
Interest expense, net	0		0		0		0
Earnings from continuing operations before income taxes	5,912		9,701		(5,260)		(9,477)
Total assets	206,996	[6]	229,347	[7]	206,996	[6]	229,347	[7]
Depreciation and amortization	1,485		1,675		4,607		5,356
Capital expenditures	2,405		718		6,278		1,945
Operating Segments | Johnston & Murphy Group
Segment Reporting Information [Line Items]
Net sales	79,614		66,835		225,448		176,756
Segment operating income (loss)			1,641		7,256		2,412
Asset impairments and other			0	[3]	0	[4]	0	[5]
Operating income	3,494		1,641		7,256		2,412
Other components of net periodic benefit income cost	0		0		0		0
Interest expense, net	0		0		0		0
Earnings from continuing operations before income taxes	3,494		1,641		7,256		2,412
Total assets	193,039	[6]	131,378	[7]	193,039	[6]	131,378	[7]
Depreciation and amortization	1,092		1,148		3,271		3,460
Capital expenditures	1,719		1,104		5,528		3,666
Operating Segments | Licensed Brands Group
Segment Reporting Information [Line Items]
Net sales	40,661		34,154		126,442		120,952
Segment operating income (loss)			132		2,551		3,420
Asset impairments and other			0	[3]	0	[4]	0	[5]
Operating income	1,927		132		2,551		3,420
Other components of net periodic benefit income cost	0		0		0		0
Interest expense, net	0		0		0		0
Earnings from continuing operations before income taxes	1,927		132		2,551		3,420
Total assets	72,586	[6]	53,310	[7]	72,586	[6]	53,310	[7]
Depreciation and amortization	214		266		692		820
Capital expenditures	370		270		1,033		750
Corporate & Other
Segment Reporting Information [Line Items]
Net sales	0		0		0	[1]	0	[2]
Segment operating income (loss)			(10,543)		(23,055)		(39,966)
Asset impairments and other			(314)	[3]	154	[4]	(10,054)	[5]
Operating income	(8,489)		(10,857)		(22,901)		(50,020)
Other components of net periodic benefit income cost	(50)		(55)		(198)		(72)
Interest expense, net	(906)		(585)		(1,608)		(1,931)
Earnings from continuing operations before income taxes	(9,445)		(11,497)		(24,707)		(52,023)
Total assets	223,351	[6]	442,404	[7]	223,351	[6]	442,404	[7]
Depreciation and amortization	1,032		375		2,271		1,073
Capital expenditures	1,708		8,225		11,467		9,728
Intercompany Sales
Segment Reporting Information [Line Items]
Net sales	(1,915)		(161)		(2,904)		(615)
Intercompany Sales | Journeys Group
Segment Reporting Information [Line Items]
Net sales	0		0		0		0
Intercompany Sales | Schuh Group
Segment Reporting Information [Line Items]
Net sales	0		0		0		0
Intercompany Sales | Johnston & Murphy Group
Segment Reporting Information [Line Items]
Net sales	0		0		0		0
Intercompany Sales | Licensed Brands Group
Segment Reporting Information [Line Items]
Net sales	$ (1,915)		$ (161)		$ (2,904)		$ (615)
[1] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82 % and 18 % , respectively, of our net sales for the nine months ended October 29, 2022. Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83 % and 17 % , respectively, of our net sales for the nine months ended October 30, 2021. Asset impairments and other includes a $ 0.1 million charge for professional fees related to the actions of an activist shareholder and a $ 0.2 million charge for retail store asset impairments, which includes $ 0.2 million in Journeys Group. Asset impairments and other includes a $ 0.5 million charge for asset impairments, which includes $ 0.2 million in Journeys Group, $ 0.2 million in Schuh Group and $ 0.1 million in Licensed Brands, partially offset by a $ 0.7 million gain on the termination of the pension plan. Asset impairments and other includes an $ 8.6 million charge for professional fees related to the actions of an activist shareholder and a $ 2.0 million charge for retail store asset impairments, which includes $ 1.0 million in Journeys Group, $ 0.8 million in Schuh Group and $ 0.2 million in the Johnston & Murphy Group, partially offset by a $ 0.6 million insurance gain. Of our $ 704.6 million of long-lived assets, $ 89.3 million and $ 18.5 million relate to long-lived assets in the U.K. and Canada, respectively. Of our $ 781.3 million of long-lived assets, $ 120.3 million and $ 29.1 million relate to long-lived assets in the U.K. and Canada, respectively.

Business Segment Information _2

Business Segment Information - Schedule of Business Segment Information (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021		Oct. 29, 2022		Oct. 30, 2021
Segment Reporting Information [Line Items]
Asset impairments and other, net	$ 0	$ 314	[1]	$ (154)	[2]	$ 10,054	[3]
Long-lived assets	704,600	781,300		704,600		781,300
Insurance gain						600
U.K.
Segment Reporting Information [Line Items]
Long-lived assets	89,300	120,300		89,300		120,300
Canada
Segment Reporting Information [Line Items]
Long-lived assets	$ 18,500	29,100		$ 18,500		$ 29,100
GeographicConcentrationRiskMember | SalesRevenueNetMember | U.K.
Segment Reporting Information [Line Items]
ConcentrationRiskPercentage1				18%		17%
GeographicConcentrationRiskMember | SalesRevenueNetMember | NorthAmerica
Segment Reporting Information [Line Items]
ConcentrationRiskPercentage1				82%		83%
Professional Fees Related to Actions of Activist Shareholder
Segment Reporting Information [Line Items]
Asset impairments and other, net		100				$ 8,600
Retail Store Asset Impairments
Segment Reporting Information [Line Items]
Asset impairments and other, net		200		$ 500		2,000
Retail Store Asset Impairments | Journeys Group
Segment Reporting Information [Line Items]
Asset impairments and other, net		$ 200		200		1,000
Retail Store Asset Impairments | Schuh Group
Segment Reporting Information [Line Items]
Asset impairments and other, net				200		800
Retail Store Asset Impairments | Johnston & Murphy Group
Segment Reporting Information [Line Items]
Asset impairments and other, net						200
Asset Impairment | Licensed Brands Group
Segment Reporting Information [Line Items]
Asset impairments and other, net				100
Gain on the Termination of the Pension Plan
Segment Reporting Information [Line Items]
Asset impairments and other, net				$ (700)
Insurance
Segment Reporting Information [Line Items]
Asset impairments and other, net						$ (600)
[1] Asset impairments and other includes a $ 0.1 million charge for professional fees related to the actions of an activist shareholder and a $ 0.2 million charge for retail store asset impairments, which includes $ 0.2 million in Journeys Group. Asset impairments and other includes a $ 0.5 million charge for asset impairments, which includes $ 0.2 million in Journeys Group, $ 0.2 million in Schuh Group and $ 0.1 million in Licensed Brands, partially offset by a $ 0.7 million gain on the termination of the pension plan. Asset impairments and other includes an $ 8.6 million charge for professional fees related to the actions of an activist shareholder and a $ 2.0 million charge for retail store asset impairments, which includes $ 1.0 million in Journeys Group, $ 0.8 million in Schuh Group and $ 0.2 million in the Johnston & Murphy Group, partially offset by a $ 0.6 million insurance gain.