Dillard's (DDS) 10-Q 7 Jun 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 04, 2019	Jun. 01, 2019
Entity Registrant Name	DILLARD'S, INC.
Trading Symbol	DDS
Entity Central Index Key	0000028917
Document Type	10-Q
Document Period End Date	May 4, 2019
Amendment Flag	false
Current Fiscal Year End Date	--02-01
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Emerging Growth Company	false
Entity Small Business	false
Common Stock Class A
Entity Common Stock, Shares Outstanding		21,729,377
Common Stock Class B
Entity Common Stock, Shares Outstanding		4,010,401

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Current assets:
Cash and cash equivalents	$ 139,802	$ 123,509	$ 164,081
Restricted cash	8,683	0	1,910
Accounts receivable	47,863	49,853	43,069
Merchandise inventories	1,832,581	1,528,417	1,780,783
Other current assets	66,015	68,753	55,540
Total current assets	2,094,944	1,770,532	2,045,383
Property and equipment (net of accumulated depreciation and amortization of $2,259,145, $2,227,860 and $2,583,199, respectively)	1,551,844	1,586,733	1,662,852
Operating Lease, Right-of-Use Asset	52,782	0	0
Other assets	79,418	74,104	73,228
Total assets	3,778,988	3,431,369	3,781,463
Current liabilities:
Trade accounts payable and accrued expenses	1,134,258	921,205	1,052,310
Long-term Debt, Current Maturities	0	0	160,941
Current portion of finance lease liabilities	1,022	1,214	1,133
Operating Lease, Liability, Current	15,105	0	0
Other Short-term Borrowings	0
Accrued Income Taxes, Current	28,961	11,116	63,905
Total current liabilities	1,179,346	933,535	1,278,289
Long-term debt	365,603	365,569	365,464
Finance lease liabilities	1,636	1,666	2,587
Operating Lease, Liability, Noncurrent	36,934	0	0
Other liabilities	240,971	238,731	240,478
Deferred Tax Liabilities, Net, Noncurrent	17,590	13,487	12,559
Subordinated debentures	200,000	200,000	200,000
Commitments and contingencies
Stockholders’ equity:
Common stock	1,239	1,239	1,239
Additional paid-in capital	948,835	948,835	946,147
Accumulated other comprehensive loss	(12,809)	(12,809)	(17,886)
Retained earnings	4,533,973	4,458,006	4,376,408
Less treasury stock, at cost	(3,734,330)	(3,716,890)	(3,623,822)
Total stockholders’ equity	1,736,908	1,678,381	1,682,086
Total liabilities and stockholders’ equity	$ 3,778,988	$ 3,431,369	$ 3,781,463

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation and amortization	$ 2,259,145	$ 2,227,860	$ 2,583,199

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Income Statement [Abstract]
Revenue from Contracts with Customers	$ 1,465,441	$ 1,458,262
Service charges and other income	32,494	33,158
Total net sales, service charges and other income	1,497,935	1,491,420
Cost of sales	927,767	903,741
Selling, General and Administrative Expense	405,160	405,870
Depreciation and amortization	52,364	56,003
Rentals	6,118	6,549
Interest Expense	11,237	14,022
Other expense	1,917	1,915
(Gain) loss on disposal of assets	(7,400)	82
Income before income taxes	100,772	103,238
Income taxes	22,170	22,690
Net Income	$ 78,602	$ 80,548
Earnings per share:
Earnings Per Share, Basic and Diluted	$ 2.99	$ 2.89

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Statement of Comprehensive Income [Abstract]
Net Income	$ 78,602	$ 80,548
Other comprehensive income:
Amortization of retirement plan and other retiree benefit adjustments (net of tax of $0 and$32, respectively)	0	100
Comprehensive income	$ 78,602	$ 80,648

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Statement of Comprehensive Income [Abstract]
Amortization of retirement plan and other retiree benefit adjustments, tax	$ 0	$ 32

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Reclassification out of Accumulated Other Comprehensive Income [Member]
Balance at Feb. 03, 2018	$ 1,708,155	$ 1,239	$ (3,589,006)	$ 946,147	$ 4,365,219	$ (15,444)
Increase (Decrease) in Stockholders' Equity
Net Income	80,548				80,548
Cumulative effect of adoption of ASU 2016-16 and ASU 2018-02	(69,116)				(66,574)	(2,542)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(100)					100
Purchase of 246,158 and 478,403 shares during the three months ended May 4, 2019 and May 5, 2018, respectively	(34,816)		(34,816)
Cash dividends declared:
Common Stock, $0.10 and $0.10 per share for the three months ended May 4, 2019 and May 5, 2018, respectively	(2,785)				(2,785)
Balance at May. 05, 2018	1,682,086	1,239	(3,623,822)	946,147	4,376,408	(17,886)
Balance at Feb. 02, 2019	1,678,381	1,239	(3,716,890)	948,835	4,458,006	(12,809)
Increase (Decrease) in Stockholders' Equity
Net Income	78,602				78,602
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0
Purchase of 246,158 and 478,403 shares during the three months ended May 4, 2019 and May 5, 2018, respectively	(17,440)		(17,440)
Cash dividends declared:
Common Stock, $0.10 and $0.10 per share for the three months ended May 4, 2019 and May 5, 2018, respectively	(2,635)				(2,635)
Balance at May. 04, 2019	$ 1,736,908	$ 1,239	$ (3,734,330)	$ 948,835	$ 4,533,973	$ (12,809)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	May 04, 2019	May 05, 2018
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY [Abstract]
Treasury Stock, Shares, Acquired	246,158	478,403
Common Stock, Dividends, Per Share, Declared	$ 0.10	$ 0.10

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Operating activities:
Net Income	$ 78,602	$ 80,548
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on disposal of assets, excluding insurance gain	7,400	(82)
Depreciation and amortization of property and other deferred costs	52,533	56,471
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	1,990	(4,632)
Increase in merchandise inventories	(304,164)	(317,222)
Decrease (increase) in other current assets	2,738	(5,181)
Increase in other assets	(2,149)	(1,352)
Increase in trade accounts payable and accrued expenses and other liabilities	204,259	224,352
Increase in income taxes	21,948	22,325
Net cash provided by operating activities	48,357	55,391
Investing activities:
Purchases of property and equipment	(18,739)	(39,191)
Proceeds from disposal of assets	13,437	1,918
Proceeds from Equity Method Investment, Distribution, Return of Capital	215	765
Net cash used in investing activities	(5,087)	(36,508)
Financing activities:
Principal payments on long-term debt and capital lease obligations	(222)	(267)
Cash dividends paid	(2,632)	(2,837)
Purchase of treasury stock	(15,440)	(36,816)
Net cash used in financing activities	(18,294)	(39,920)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	24,976	(21,037)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	148,485	165,991
Non-cash transactions:
Accrued capital expenditures	6,657	8,117
Accrued treasury stock purchases	$ 2,000	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	May 04, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of Dillard’s, Inc. (the “Company”) have been prepared in accordance with the rules of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended May 4, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending February 1, 2020 due to, among other factors, the seasonal nature of the business. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2019 filed with the SEC on March 29, 2019. Restricted Cash - Restricted cash consists of cash proceeds from the sale of property held in escrow for the acquisition of replacement property under like-kind exchange agreements. The escrow accounts are administered by an intermediary. Pursuant to the like-kind exchange agreements, the cash remains restricted for a maximum of 180 days from the date of the property sale pending the acquisition of replacement property. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows. (in thousands) May 4, May 5, Cash and cash equivalents $ 139,802 $ 164,081 Restricted cash 8,683 1,910 Total cash, cash equivalents and restricted cash $ 148,485 $ 165,991 Reclassifications —Certain items have been reclassified from their prior year classifications to conform to the current year presentation. These reclassifications had no effect on net income or stockholders' equity as previously reported.

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	May 04, 2019
Significant Accounting Policies Updates [Abstract]
Revenue Recognition, Policy [Policy Text Block]	Significant Accounting Policies Updates Operating Leases —The Company leases retail stores, office space and equipment under operating leases. The Company records right-of-use assets and operating lease liabilities for operating leases with lease terms exceeding twelve months. The right-of-use assets are adjusted for lease incentives, including construction allowances, and prepaid rent. The Company recognizes minimum rent expense on a straight-line basis over the lease term. Many leases contain contingent rent provisions. Contingent rent is expensed as incurred. The lease term used for lease evaluation includes renewal option periods only in instances in which the exercise of the option period is reasonably certain.

Business Segments

Business Segments	3 Months Ended
	May 04, 2019
Segment Reporting [Abstract]
Business Segments	Business Segments The Company operates in two reportable segments: the operation of retail department stores (“retail operations”) and a general contracting construction company (“construction”). For the Company’s retail operations, the Company determined its operating segments on a store by store basis. Each store’s operating performance has been aggregated into one reportable segment. The Company’s operating segments are aggregated for financial reporting purposes because they are similar in each of the following areas: economic characteristics, class of consumer, nature of products and distribution methods. Revenues from external customers are derived from merchandise sales, and the Company does not rely on any major customers as a source of revenue. Across all stores, the Company operates one store format under the Dillard’s name where each store offers the same general mix of merchandise with similar categories and similar customers. The Company believes that disaggregating its operating segments would not provide meaningful additional information. The following table summarizes the percentage of net sales by segment and major product line: Three Months Ended May 4, 2019 May 5, 2018 Retail operations segment Cosmetics 14 % 14 % Ladies’ apparel 24 24 Ladies’ accessories and lingerie 14 14 Juniors’ and children’s apparel 11 10 Men’s apparel and accessories 16 16 Shoes 15 16 Home and furniture 3 3 97 97 Construction segment 3 3 Total 100 % 100 % The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations: (in thousands of dollars) Retail Operations Construction Consolidated Three Months Ended May 4, 2019: Net sales from external customers $ 1,420,522 $ 44,919 $ 1,465,441 Gross profit 536,371 1,303 537,674 Depreciation and amortization 52,194 170 52,364 Interest and debt expense (income), net 11,264 (27 ) 11,237 Income before income taxes 100,728 44 100,772 Total assets 3,731,040 47,948 3,778,988 Three Months Ended May 5, 2018: Net sales from external customers $ 1,411,344 $ 46,918 $ 1,458,262 Gross profit 552,865 1,656 554,521 Depreciation and amortization 55,844 159 56,003 Interest and debt expense (income), net 14,030 (8 ) 14,022 Income before income taxes 103,404 (166 ) 103,238 Total assets 3,742,719 38,744 3,781,463 Intersegment construction revenues of $8.4 million and $5.4 million for the three months ended May 4, 2019 and May 5, 2018, respectively, were eliminated during consolidation and have been excluded from net sales for the respective periods. The retail operations segment gives rise to contract liabilities through the loyalty program and through the issuances of gift cards. The loyalty program liability and a portion of the gift card liability is included in trade accounts payable and accrued expenses, and a portion of the gift card liability is included in other liabilities on the condensed consolidated balance sheets. Our retail operations segment contract liabilities are as follows: Retail (in thousands of dollars) May 4, February 2, May 5, February 3, Contract liabilities $ 64,934 $ 72,852 $ 61,356 $ 73,059 During the three months ended May 4, 2019 and May 5, 2018, the Company recorded $24.8 million and $26.6 million , respectively, in revenue that was previously included in the retail operations contract liability balances of $72.9 million and $73.1 million , at February 2, 2019 and February 3, 2018, respectively. Construction contracts give rise to accounts receivable, contract assets and contract liabilities. We record accounts receivable based on amounts billed to customers. We also record costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) in other current assets and trade accounts payable and accrued expenses in the condensed consolidated balance sheets, respectively. The amounts included in the condensed consolidated balance sheets are as follows: Construction (in thousands of dollars) May 4, February 2, May 5, February 3, Accounts receivable $ 32,320 $ 31,867 $ 26,782 $ 20,136 Costs and estimated earnings in excess of billings on uncompleted contracts 829 1,165 861 1,213 Billings in excess of costs and estimated earnings on uncompleted contracts 6,768 7,414 4,665 5,503 During the three months ended May 4, 2019 and May 5, 2018, the Company recorded $6.6 million and $4.0 million , respectively, in revenue that was previously included in billings in excess of costs and estimated earnings on uncompleted contracts of $7.4 million and $5.5 million at February 2, 2019 and February 3, 2018, respectively. The remaining performance obligations related to executed construction contracts totaled $123.4 million , $143.9 million and $230.2 million at May 4, 2019, February 2, 2019 and May 5, 2018, respectively.

Earnings Per Share Data

Earnings Per Share Data	3 Months Ended
	May 04, 2019
Earnings Per Share [Abstract]
Earnings Per Share Data	Earnings Per Share Data The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data). Three Months Ended May 4, May 5, Net income $ 78,602 $ 80,548 Weighted average shares of common stock outstanding 26,315 27,849 Basic and diluted earnings per share $ 2.99 $ 2.89 The Company maintains a capital structure in which common stock is the only equity security issued and outstanding, and there were no shares of preferred stock, stock options, other dilutive securities or potentially dilutive securities issued or outstanding during the three months ended May 4, 2019 and May 5, 2018 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	May 04, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Various legal proceedings, in the form of lawsuits and claims, which occur in the normal course of business, are pending against the Company and its subsidiaries. In the opinion of management, disposition of these matters, individually or in the aggregate, is not expected to have a material adverse effect on the Company’s financial position, cash flows or results of operations. At May 4, 2019 , letters of credit totaling $21.8 million were issued under the Company’s revolving credit facility.

Benefit Plans

Benefit Plans	3 Months Ended
	May 04, 2019
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans The Company has an unfunded, nonqualified defined benefit plan (“Pension Plan”) for its officers. The Pension Plan is noncontributory and provides benefits based on years of service and compensation during employment. The Company determines pension expense using an actuarial cost method to estimate the total benefits ultimately payable to officers and allocates this cost to service periods. The actuarial assumptions used to calculate pension costs are reviewed annually. The Company contributed $1.4 million to the Pension Plan during the three months ended May 4, 2019 and expects to make additional contributions to the Pension Plan of approximately $4.0 million during the remainder of fiscal 2019 . The components of net periodic benefit costs are as follows (in thousands): Three Months Ended May 4, May 5, Components of net periodic benefit costs: Service cost $ 905 $ 922 Interest cost 1,917 1,783 Net actuarial loss — 132 Net periodic benefit costs $ 2,822 $ 2,837 The service cost component of net periodic benefit costs is included in selling, general and administrative expenses, and the interest cost and net actuarial loss components are included in other expense.

Revolving Credit Agreement

Revolving Credit Agreement	3 Months Ended
	May 04, 2019
Line of Credit Facility [Abstract]
Revolving Credit Agreement	Revolving Credit Agreement At May 4, 2019 , the Company maintained an unsecured revolving credit facility that provides a borrowing capacity of $800 million with a $200 million expansion option and matures on August 9, 2022 (“credit agreement”). The credit agreement is available to the Company for general corporate purposes including, among other uses, working capital financing, the issuance of letters of credit, capital expenditures and, subject to certain restrictions, the repayment of existing indebtedness and share repurchases. The Company pays a variable rate of interest on borrowings under the credit agreement and a commitment fee to the participating banks based on the Company's debt rating. The rate of interest on borrowings is LIBOR plus 1.375% , and the commitment fee for unused borrowings is 0.20% per annum. At May 4, 2019 , no borrowings were outstanding, and letters of credit totaling $21.8 million were issued under the credit agreement leaving unutilized availability under the facility of $778.2 million . To be in compliance with the financial covenants of the credit agreement, the Company's total leverage ratio cannot exceed 3.5 to 1.0, and the coverage ratio cannot be less than 2.5 to 1.0, as defined in the credit agreement. At May 4, 2019 , the Company was in compliance with all financial covenants related to the credit agreement.

Stock Repurchase Programs

Stock Repurchase Programs	3 Months Ended
	May 04, 2019
Schedule of Share Repurchase Program Activity [Abstract]
Stock Repurchase Programs	Stock Repurchase Program The Company's Board of Directors has authorized the Company to repurchase the Company’s Class A Common Stock pursuant to open-ended stock repurchase plans. These authorizations permit the Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. The authorizations have no expiration date. The following is a summary of share repurchase activity for the periods indicated (in thousands, except per share data): Three Months Ended May 4, May 5, Cost of shares repurchased $ 17,440 $ 34,816 Number of shares repurchased 246 478 Average price per share $ 70.85 $ 72.77 All repurchases of the Company’s Class A Common Stock above were made at the market price at the trade date. Accordingly, all amounts paid to reacquire these shares were allocated to treasury stock. In March 2018, the Company's Board of Directors authorized a $500 million stock repurchase plan (the "March 2018 Plan"). As of May 4, 2019 , $389.5 million of authorization remained under the March 2018 Plan.

Income Taxes

Income Taxes	3 Months Ended
	May 04, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes During the three months ended May 4, 2019 and May 5, 2018, income tax expense differed from what would be computed using the statutory federal tax rate primarily due to the effect of state and local income taxes partially offset by tax benefits recognized for federal tax credits.

Leases

Leases	3 Months Ended
	May 04, 2019
Leases [Abstract]
Lessee, Operating Leases [Text Block]	Leases We adopted the requirements of ASU No. 2016-02 as of February 3, 2019, utilizing the optional effective date transition method allowing the application of the new standard at the adoption date with comparative periods presented in accordance with ASC 840, Leases . At adoption, we made the following practical expedient policy elections: • We applied the new standard using the package of practical expedients permitted under the transition guidance, which allowed us to not reassess: ◦ Whether any expired or existing contracts are or contain leases; ◦ Lease classification for any expired or existing leases, which allowed us to carry forward the historical lease classifications; and ◦ Indirect costs for any existing leases. • We elected the practical expedient that allowed us to use hindsight in determining the lease term. • We elected the practical expedient related to land easements, allowing us to carry forward our accounting treatment for land easements on existing agreements. • We elected the accounting policy to not recognize a right-of-use asset and operating lease liability for leases with an initial term of twelve months or less. The Company records lease expense for short term leases on a straight-line basis over the lease term in rentals on the condensed consolidated statements of income. • Lease components (e.g. fixed rent payments) are accounted for separately from non-lease components (e.g. common area maintenance costs). The Company leases retail stores, office space and equipment under operating leases.The majority of these operating leases were impacted by the adoption of the new standard. At adoption, we recorded right-of-use operating lease assets and operating lease liabilities totaling $57.0 million and $56.2 million , respectively. As of May 4, 2019, right-of-use operating lease assets, which are recorded in operating lease assets in the condensed consolidated balance sheets, totaled $52.8 million , and operating lease liabilities, which are recorded in current portion of operating lease liabilities and operating lease liabilities, totaled $52.0 million . The impact of the adoption of the new standard was immaterial to our condensed consolidated statements of income, condensed consolidated statements of cash flows and condensed consolidated statements of stockholders' equity. In determining our operating lease assets and operating lease liabilities, we applied an incremental borrowing rate to the minimum lease payments within each lease agreement. ASU No. 2016-02 requires the use of the rate implicit in the lease whenever that rate is readily determinable; furthermore, if the implicit rate is not readily determinable, a lessee may use its incremental borrowing rate. The incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow on a collaterlized basis over a similar term an amount equal to the lease payments in a similar economic environment. To estimate our specific incremental borrowing rates that align with applicable lease terms, we utilized a model consistent with the credit quality of our outstanding debt instruments. Renewal options from two to 20 years exist on the majority of leased properties. The Company has sole discretion in exercising the lease renewal options. We do not recognize operating lease assets or operating lease liabilities for renewal periods unless it has been determined that we are reasonably certain of renewing the lease at inception. The depreciable life of operating lease assets and related leasehold improvements is limited by the expected lease term. Contingent rentals on certain leases are based on a percentage of annual sales in excess of specified amounts. Other contingent rentals are based entirely on a percentage of sales. The Company's operating lease agreements do not contain any material residual value guarantees or material restrictive covenants. The following table summarizes the Company's operating and finance leases: (in thousands of dollars) Classification - Condensed Consolidated Balance Sheets May 4, 2019 February 2, 2019 (a) May 5, 2018 (a) Assets Finance lease assets Property and equipment, net (b) $ 987 $ 1,093 $ 2,211 Operating lease assets Operating lease assets 52,782 — — Total leased assets $ 53,769 $ 1,093 $ 2,211 Liabilities Current Finance Current portion of finance lease liabilities $ 1,022 $ 1,214 $ 1,133 Operating Current portion of operating lease liabilities 15,105 — — Noncurrent Finance Finance lease liabilities 1,636 1,666 2,587 Operating Operating lease liabilities 36,934 — — Total lease liabilities $ 54,697 $ 2,880 $ 3,720 (a) The Company adopted and applied ASU No. 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification and related amendments on February 3, 2019. The prior periods are presented under ASC 840, Leases. (b) Finance leases are recorded net of accumulated amortization of $13.6 million , $13.5 million and $21.4 million as of May 4, 2019, February 2, 2019 and May 5, 2018, respectively. Lease Cost Three Months Ended (in thousands of dollars) Classification - Condensed Consolidated Statements of Income May 4, 2019 May 5, 2018 Operating lease cost (a) Rentals $ 6,118 $ 6,549 Finance lease cost Amortization of leased assets Depreciation and amortization 106 878 Interest on lease liabilities Interest and debt expense, net 135 90 Net lease cost $ 6,359 $ 7,517 (a) Includes short term lease costs of $0.7 million and variable lease costs of $0.4 million . Maturities of Lease Liabilities (in thousands of dollars) Fiscal Year Operating Leases Finance Leases Total 2019 (excluding the three months ended May 4, 2019) $ 12,914 $ 1,071 $ 13,985 2020 15,557 1,428 16,985 2021 11,196 726 11,922 2022 4,869 — 4,869 2023 3,357 — 3,357 After 2023 15,017 — 15,017 Total minimum lease payments 62,910 3,225 66,135 Less amount representing interest (10,871 ) (567 ) (11,438 ) Present value of lease liabilities $ 52,039 $ 2,658 $ 54,697 Lease Term and Discount Rate May 4, 2019 Weighted-average remaining lease term Operating leases 5.7 years Finance leases 2.4 years Weighted-average discount rate Operating leases 6.6 % Finance leases 17.8 % Other Information Three Months Ended (in thousands of dollars) May 4, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 5,046 Operating cash flows from finance leases 135 Financing cash flows from finance leases 222 The Company adopted ASU No. 2016-02 on February 3, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. The future minimum rental commitments as of February 2, 2019 for all non-cancelable leases for buildings and equipment were as follows: (in thousands of dollars) Fiscal Year Operating Leases Finance Leases 2019 $ 19,847 $ 1,428 2020 15,423 1,077 2021 10,691 726 2022 4,896 — 2023 3,378 — After 2023 14,532 — Total minimum lease payments $ 68,767 3,231 Less amount representing interest (351 ) Present value of net minimum lease payments (of which $1,214 is currently payable) $ 2,880

Reclassifications from Accumula

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")	3 Months Ended
	May 04, 2019
Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")
Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")	Reclassifications from Accumulated Other Comprehensive Loss (“AOCL”) Reclassifications from AOCL are summarized as follows (in thousands): Amount Reclassified from AOCL Three Months Ended Affected Line Item in the Statement Where Net Income Is Presented Details about AOCL Components May 4, 2019 May 5, 2018 Defined benefit pension plan items Amortization of actuarial losses $ — $ 132 Total before tax (1) — 32 Income tax expense $ — $ 100 Total net of tax For fiscal year 2019, there is no amortization of the net loss in AOCL as the net loss did not exceed 10% of the projected benefit obligation. _______________________________ (1) This item is included in the computation of net periodic pension cost. See Note 7, Benefit Plans , for additional information.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	3 Months Ended
	May 04, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in Accumulated Other Comprehensive Loss	Changes in Accumulated Other Comprehensive Loss Changes in AOCL by component (net of tax) are summarized as follows (in thousands): Defined Benefit Pension Plan Items Three Months Ended May 4, 2019 May 5, 2018 Beginning balance $ 12,809 $ 15,444 Amounts reclassified from AOCL — (100 ) Reclassification due to the adoption of ASU No. 2018-02 — 2,542 Ending balance $ 12,809 $ 17,886

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	May 04, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures The estimated fair values of financial instruments presented herein have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of amounts the Company could realize in a current market exchange. The fair value of the Company’s long-term debt and subordinated debentures is based on market prices and is categorized as Level 1 in the fair value hierarchy. The fair value of the Company’s cash, cash equivalents, restricted cash and accounts receivable approximates their carrying values at May 4, 2019 due to the short-term maturities of these instruments. The fair value of the Company’s long-term debt at May 4, 2019 was approximately $393 million . The carrying value of the Company’s long-term debt at May 4, 2019 was $365.6 million . The fair value of the Company’s subordinated debentures at May 4, 2019 was approximately $214 million . The carrying value of the Company’s subordinated debentures at May 4, 2019 was $200.0 million .

Recently Issued Accounting Stan

Recently Issued Accounting Standards New Accounting Pronouncements (Tables)	3 Months Ended
	May 04, 2019
Accounting Changes and Error Corrections [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Accounting Standards Recently Adopted Accounting Pronouncements Leases: Amendments to the FASB Accounting Standards Codification In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification, to increase transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. Under these amendments, lessees are required to recognize lease assets and lease liabilities for leases classified as operating leases under Accounting Standards Codification 840, Leases ("ASC 840"). Subsequent to the issuance of ASU No. 2016-02, the FASB issued additional amendments related to ASU No. 2016-02: (1) ASU No. 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842; (2) ASU No. 2018-10: Codification Improvements to Topic 842, Leases; and (3) ASU No. 2018-11, Leases (Topic 842): Targeted Improvements. We refer to this ASU and related amendments as the "new standard" or "ASU No. 2016-02." We adopted the requirements of the new standard as of February 3, 2019. See Note 13, Leases. Recently Issued Accounting Pronouncements Defined Benefit Plans: Changes to the Disclosure Requirements for Defined Benefit Plans In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans , to improve the effectiveness of disclosures in the notes to financial statements for employers that sponsor defined benefit pension plans. ASU No. 2018-14 is effective for financial statements issued for fiscal years ending after December 15, 2020, and early adoption is permitted. The Company is currently assessing the impact of this update on its notes to financial statements.

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	May 04, 2019
Segment Reporting [Abstract]
Schedule of Contract Liabilities - Retail [Table Text Block]	Retail (in thousands of dollars) May 4, February 2, May 5, February 3, Contract liabilities $ 64,934 $ 72,852 $ 61,356 $ 73,059
Schedule of AR, Contract Assets and Liabilities - Construction [Table Text Block]	Construction (in thousands of dollars) May 4, February 2, May 5, February 3, Accounts receivable $ 32,320 $ 31,867 $ 26,782 $ 20,136 Costs and estimated earnings in excess of billings on uncompleted contracts 829 1,165 861 1,213 Billings in excess of costs and estimated earnings on uncompleted contracts 6,768 7,414 4,665 5,503
Schedule of Entity Wide Information Percentage of Revenue from External Customers by Product and Segment [Table Text Block]	Three Months Ended May 4, 2019 May 5, 2018 Retail operations segment Cosmetics 14 % 14 % Ladies’ apparel 24 24 Ladies’ accessories and lingerie 14 14 Juniors’ and children’s apparel 11 10 Men’s apparel and accessories 16 16 Shoes 15 16 Home and furniture 3 3 97 97 Construction segment 3 3 Total 100 % 100 %
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations: (in thousands of dollars) Retail Operations Construction Consolidated Three Months Ended May 4, 2019: Net sales from external customers $ 1,420,522 $ 44,919 $ 1,465,441 Gross profit 536,371 1,303 537,674 Depreciation and amortization 52,194 170 52,364 Interest and debt expense (income), net 11,264 (27 ) 11,237 Income before income taxes 100,728 44 100,772 Total assets 3,731,040 47,948 3,778,988 Three Months Ended May 5, 2018: Net sales from external customers $ 1,411,344 $ 46,918 $ 1,458,262 Gross profit 552,865 1,656 554,521 Depreciation and amortization 55,844 159 56,003 Interest and debt expense (income), net 14,030 (8 ) 14,022 Income before income taxes 103,404 (166 ) 103,238 Total assets 3,742,719 38,744 3,781,463

Earnings Per Share Data (Tables

Earnings Per Share Data (Tables)	3 Months Ended
	May 04, 2019
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data). Three Months Ended May 4, May 5, Net income $ 78,602 $ 80,548 Weighted average shares of common stock outstanding 26,315 27,849 Basic and diluted earnings per share $ 2.99 $ 2.89

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	May 04, 2019
Retirement Benefits [Abstract]
Schedule of components of net periodic benefit costs	The components of net periodic benefit costs are as follows (in thousands): Three Months Ended May 4, May 5, Components of net periodic benefit costs: Service cost $ 905 $ 922 Interest cost 1,917 1,783 Net actuarial loss — 132 Net periodic benefit costs $ 2,822 $ 2,837 The service cost component of net periodic benefit costs is included in selling, general and administrative expenses, and the interest cost and net actuarial loss components are included in other expense.

Stock Repurchase Programs Sched

Stock Repurchase Programs Schedule of Repurchase Program Activity (Tables)	3 Months Ended
	May 04, 2019
Schedule of Share Repurchase Program Activity [Abstract]
Schedule of Repurchase Agreements [Table Text Block]	The following is a summary of share repurchase activity for the periods indicated (in thousands, except per share data): Three Months Ended May 4, May 5, Cost of shares repurchased $ 17,440 $ 34,816 Number of shares repurchased 246 478 Average price per share $ 70.85 $ 72.77

Leases (Tables)

Leases (Tables)	3 Months Ended
	May 04, 2019
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	(in thousands of dollars) Fiscal Year Operating Leases Finance Leases Total 2019 (excluding the three months ended May 4, 2019) $ 12,914 $ 1,071 $ 13,985 2020 15,557 1,428 16,985 2021 11,196 726 11,922 2022 4,869 — 4,869 2023 3,357 — 3,357 After 2023 15,017 — 15,017 Total minimum lease payments 62,910 3,225 66,135 Less amount representing interest (10,871 ) (567 ) (11,438 ) Present value of lease liabilities $ 52,039 $ 2,658 $ 54,697
Lease Term and Discount Rate [Table Text Block]	May 4, 2019 Weighted-average remaining lease term Operating leases 5.7 years Finance leases 2.4 years Weighted-average discount rate Operating leases 6.6 % Finance leases 17.8 %
Cash Flow, Operating Activities, Lessee [Abstract]	Three Months Ended (in thousands of dollars) May 4, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 5,046 Operating cash flows from finance leases 135 Financing cash flows from finance leases 222
Lease, Cost [Table Text Block]	Three Months Ended (in thousands of dollars) Classification - Condensed Consolidated Statements of Income May 4, 2019 May 5, 2018 Operating lease cost (a) Rentals $ 6,118 $ 6,549 Finance lease cost Amortization of leased assets Depreciation and amortization 106 878 Interest on lease liabilities Interest and debt expense, net 135 90 Net lease cost $ 6,359 $ 7,517
Operating and Finance Lease Assets and Liabilities [Table Text Block]	(in thousands of dollars) Classification - Condensed Consolidated Balance Sheets May 4, 2019 February 2, 2019 (a) May 5, 2018 (a) Assets Finance lease assets Property and equipment, net (b) $ 987 $ 1,093 $ 2,211 Operating lease assets Operating lease assets 52,782 — — Total leased assets $ 53,769 $ 1,093 $ 2,211 Liabilities Current Finance Current portion of finance lease liabilities $ 1,022 $ 1,214 $ 1,133 Operating Current portion of operating lease liabilities 15,105 — — Noncurrent Finance Finance lease liabilities 1,636 1,666 2,587 Operating Operating lease liabilities 36,934 — — Total lease liabilities $ 54,697 $ 2,880 $ 3,720
Lessee, Operating and Finance Lease, Maturity - ASC840 [Table Text Block]	(in thousands of dollars) Fiscal Year Operating Leases Finance Leases 2019 $ 19,847 $ 1,428 2020 15,423 1,077 2021 10,691 726 2022 4,896 — 2023 3,378 — After 2023 14,532 — Total minimum lease payments $ 68,767 3,231 Less amount representing interest (351 ) Present value of net minimum lease payments (of which $1,214 is currently payable) $ 2,880

Reclassifications from Accumu_2

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL") (Tables)	3 Months Ended
	May 04, 2019
Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")
Summary of reclassifications from AOCL	Reclassifications from AOCL are summarized as follows (in thousands): Amount Reclassified from AOCL Three Months Ended Affected Line Item in the Statement Where Net Income Is Presented Details about AOCL Components May 4, 2019 May 5, 2018 Defined benefit pension plan items Amortization of actuarial losses $ — $ 132 Total before tax (1) — 32 Income tax expense $ — $ 100 Total net of tax For fiscal year 2019, there is no amortization of the net loss in AOCL as the net loss did not exceed 10% of the projected benefit obligation. _______________________________ (1) This item is included in the computation of net periodic pension cost. See Note 7, Benefit Plans , for additional information.

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	May 04, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Summary of changes in AOCL by component (net of tax)	Changes in AOCL by component (net of tax) are summarized as follows (in thousands): Defined Benefit Pension Plan Items Three Months Ended May 4, 2019 May 5, 2018 Beginning balance $ 12,809 $ 15,444 Amounts reclassified from AOCL — (100 ) Reclassification due to the adoption of ASU No. 2018-02 — 2,542 Ending balance $ 12,809 $ 17,886

Basis of Presentation Cash, Cas

Basis of Presentation Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018	Feb. 03, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 139,802	$ 123,509	$ 164,081
Restricted cash	8,683	0	1,910
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 148,485	$ 123,509	$ 165,991	$ 187,028

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended
	May 04, 2019USD ($)segment	May 05, 2018USD ($)	Feb. 02, 2019USD ($)	Feb. 03, 2018USD ($)
Segment Reporting [Abstract]
Costs and estimated earnings in excess of billings on uncompleted contracts, construction segment	$ 829	$ 861	$ 1,165	$ 1,213
Billings in excess of costs and estimated earnings on uncompleted contracts, construction segment	6,768	4,665	7,414	5,503
Accounts Receivable, Construction Segment	32,320	26,782	31,867	20,136
Revenue, Remaining Performance Obligation, Amount	123,000	230,000	144,000
Revenue Recognized, previously recorded in Billings in excess of costs and estimated earnings	6,600	4,000
Contract with Customer, Liability	64,934	61,356	72,852	$ 73,059
Contract with Customer, Liability, Revenue Recognized	24,800	26,600
Business Segments
Revenue from Contracts with Customers	$ 1,465,441	$ 1,458,262
Concentration Risk, Percentage	100.00%	100.00%
Number of Reportable Segments | segment	2
Gross profit	$ 537,674	$ 554,521
Depreciation and amortization	52,364	56,003
Interest and debt expense (income), net	11,237	14,022
Income before income taxes	100,772	103,238
Total assets	3,778,988	3,781,463	$ 3,431,369
Retail operations
Business Segments
Revenue from Contracts with Customers	$ 1,420,522	$ 1,411,344
Concentration Risk, Percentage	97.00%	97.00%
Number of Reportable Segments | segment	1
Number of store formats | segment	1
Gross profit	$ 536,371	$ 552,865
Depreciation and amortization	52,194	55,844
Interest and debt expense (income), net	11,264	14,030
Income before income taxes	100,728	103,404
Total assets	3,731,040	3,742,719
Construction
Business Segments
Revenue from Contracts with Customers	$ 44,919	$ 46,918
Concentration Risk, Percentage	3.00%	3.00%
Gross profit	$ 1,303	$ 1,656
Depreciation and amortization	170	159
Interest and debt expense (income), net	(27)	(8)
Income before income taxes	44	(166)
Total assets	47,948	38,744
Intersegment Eliminations [Member]
Business Segments
Revenue from Contracts with Customers	$ 8,400	$ 5,400
Cosmetics [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	14.00%	14.00%
Ladies Apparel [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	24.00%	24.00%
Ladies Accessories and Lingerie [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	14.00%	14.00%
Juniors and Children's Apparel [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	11.00%	10.00%
Mens Apparel and Accessories [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	16.00%	16.00%
Shoes [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	15.00%	16.00%
Home and Furniture [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	3.00%	3.00%

Earnings Per Share Data (Detail

Earnings Per Share Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Earnings Per Share [Abstract]
Net Income	$ 78,602	$ 80,548
Weighted Average Number of Shares Outstanding, Basic and Diluted	26,315,000	27,849,000
Earnings Per Share, Basic and Diluted	$ 2.99	$ 2.89
Total dilutive and potentially dilutive securities outstanding (in shares)	0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	May 04, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit under the Company's revolving credit facility	$ 21.8

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Defined Benefit Plan Disclosure [Line Items]
Employer contributions to pension plan	$ 1,400
Components of net periodic benefit costs:
Service cost	905	$ 922
Interest cost	1,917	1,783
Net actuarial loss	0
Net periodic benefit costs	2,822	2,837
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Year	4,039
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Components of net periodic benefit costs:
Net actuarial loss	$ 0	$ 132

Revolving Credit Agreement (Det

Revolving Credit Agreement (Details)	3 Months Ended
	May 04, 2019USD ($)
Credit agreement
Minimum Coverage Ratio Under Credit Facility	2.5
Line of Credit Facility, Maximum Borrowing Capacity	$ 800,000,000
Line of Credit Facility, Expansion Option	$ 200,000,000
Reference rate	LIBOR
Percentage points added to reference rate	1.375%
Letters of credit issued	$ 21,800,000
Unutilized credit facility borrowing capacity	$ 778,200,000
Maximum Leverage Ratio Under Credit Facility	3.5
Annual commitment fee (as a percent)	0.20%

Stock Repurchase Programs (Deta

Stock Repurchase Programs (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Schedule of Share Repurchase Program Activity [Abstract]
Stock Repurchase Program, Authorized Amount	$ 500,000
Treasury Stock, Shares, Acquired	246,158	478,403
Amount of shares repurchased	$ 17,440	$ 34,816
Average price of shares repurchased (in dollars per share)	$ 70.85	$ 72.77
Repurchase of common stock remaining authorization	$ 389,500

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018	Feb. 03, 2019	Feb. 02, 2019
Leases [Abstract]
Operating Lease Assets, at Adoption			$ 57,000
accumulated amortization finance leases	$ 13,600	$ 21,400		$ 13,500
Operating Lease, Payments	$ 5,046
Operating Lease, Weighted Average Remaining Lease Term	5 years 8 months
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 12,914
Finance Lease, Liability, Payments, Remainder of Fiscal Year	1,071
Lease Liability, Payments due remainder of year	13,985
Short-term Lease, Cost	700
Operating Lease, Expense	6,118	6,549
Finance Lease, Right-of-Use Asset	987	2,211		1,093
Operating Lease, Right-of-Use Asset	52,782	0		0
Right-of-Use Assets, Total	53,769	2,211		1,093
Finance Lease, Liability	2,658
Finance Lease, Liability, Current	1,022	1,133		1,214
Finance Lease, Liability, Noncurrent	1,636	2,587		1,666
Operating Lease, Liability, Current	15,105	0		0
Operating Lease, Liability, Noncurrent	36,934	0		0
Finance Lease, Right-of-Use Asset, Amortization	106	878
Finance Lease, Interest Expense	135	90
Net Lease Cost	6,359	7,517
Variable Lease, Cost	400
Lessee, Operating Lease, Liability, Payments, Due Year Two	15,557
Finance Lease, Liability, Payments, Due Year Two	1,428
Lease Liability, Payments Due Year Two	16,985
Lessee, Operating Lease, Liability, Payments, Due Year Three	11,196
Finance Lease, Liability, Payments, Due Year Three	726
Lease Liability, Payments Due Year 3	11,922
Lessee, Operating Lease, Liability, Payments, Due Year Four	4,869
Finance Lease, Liability, Payments, Due Year Four	0
Lease Liability, Payments Due Year Four	4,869
Finance Lease, Liability, Payments, Due in Rolling Year Four	3,357
Finance Lease, Liability, Payments, Due Year Five	0
Lease Liability, Payments Due Year 5	3,357
Lessee, Operating Lease, Liability, Payments, Due after Year Five	15,017
Finance Lease, Liability, Payments, Due after Year Five	0
Lease Liability, Payments Due After Year Five	15,017
Lessee, Operating Lease, Liability, Payments, Due	62,910
Finance Lease, Liability, Payments, Due	3,225
Lease Liability, Payments Due	66,135
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(10,871)
Finance Lease, Liability, Undiscounted Excess Amount	(567)
Lease Liability, Undiscounted Excess Amount	$ (11,438)
Finance Lease, Weighted Average Remaining Lease Term	2 years 5 months
Operating Lease, Weighted Average Discount Rate, Percent	6.60%
Finance Lease, Weighted Average Discount Rate, Percent	17.80%
Finance Lease, Interest Payment on Liability	$ 135
Finance Lease, Principal Payments	222
Operating Lease Liabilities, at Adoption			$ 56,200
Lease Liabilities, Total	54,697	$ 3,720		$ 2,880
Operating Lease, Liability	$ 52,039

Reclassifications from Accumu_3

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL") (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018	Feb. 02, 2019
Reclassifications from accumulated other comprehensive loss
Amortization of actuarial losses	$ 0
Income before income taxes and income on and equity in losses of joint ventures	(100,772)	$ (103,238)
Income tax expense	(22,170)	(22,690)
Net Income	(78,602)	(80,548)
Net Actuarial Loss less than 10 percent of PBO			10.00%
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassifications from accumulated other comprehensive loss
Amortization of actuarial losses	0	132
Income tax expense	0	32
Net Income	$ 0	$ 100

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Changes in accumulated other comprehensive loss
Beginning balance	$ 12,809
Net other comprehensive income		$ (100)
Ending balance	12,809	17,886
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Changes in accumulated other comprehensive loss
Beginning balance	12,809	15,444
Amounts reclassified from AOCL	0	(100)
Reclassification due to the adoption of ASU No. 2018-02	0	(2,542)
Ending balance	$ 12,809	$ 17,886

Gain on Disposal of Assets (Det

Gain on Disposal of Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2019	May 05, 2018
Gain on disposal of assets
Proceeds from disposal of assets	$ 13,437	$ 1,918
Gain on disposal of assets	$ (7,400)	$ 82

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Thousands	May 04, 2019	Feb. 02, 2019	May 05, 2018
Fair value disclosures
Subordinated debentures	$ 200,000	$ 200,000	$ 200,000
Fair Value of Assets
Fair value disclosures
Long-term debt, including current portion, fair value	393,000
Subordinated debentures	214,000
Carrying value
Fair value disclosures
Long-term debt, including current portion	365,600
Subordinated debentures	$ 200,000