Dillard's (DDS) 10-Q 11 Dec 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Nov. 02, 2019	Nov. 30, 2019
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 2, 2019
Document Transition Report	false
Entity File Number	1-6140
Entity Registrant Name	DILLARD’S, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	71-0388071
Entity Address, Address Line One	1600 CANTRELL ROAD
Entity Address, City or Town	LITTLE ROCK
Entity Address, State or Province	AR
Entity Address, Postal Zip Code	72201
City Area Code	501
Local Phone Number	376-5200
Title of 12(b) Security	Class A Common Stock
Trading Symbol	DDS
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 Central Index Key	0000028917
Entity Shell Company	false
Amendment Flag	false
Current Fiscal Year End Date	--02-01
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Common Stock Class A
Entity Common Stock, Shares Outstanding		20,690,507
Common Stock Class B
Entity Common Stock, Shares Outstanding		4,010,401

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 02, 2019	Feb. 02, 2019	Nov. 03, 2018
Current assets:
Cash and cash equivalents	$ 79,065	$ 123,509	$ 78,156
Restricted cash	8,467	0	0
Accounts receivable	48,241	49,853	66,532
Merchandise inventories	1,969,980	1,528,417	2,043,669
Income Taxes Receivable, Current	0	0	23,757
Other current assets	74,231	68,753	75,870
Total current assets	2,179,984	1,770,532	2,287,984
Operating Lease, Right-of-Use Asset	48,600
Property and equipment (net of accumulated depreciation and amortization of $2,305,588, $2,227,860 and $2,638,661, respectively)	1,494,454	1,586,733	1,621,332
Other assets	77,025	74,104	77,285
Total assets	3,800,063	3,431,369	3,986,601
Current liabilities:
Trade accounts payable and accrued expenses	1,211,446	921,205	1,340,767
Current portion of finance lease liabilities	1,148	1,214	1,187
Operating Lease, Liability, Current	15,250
Other Short-term Borrowings	98,600	0	191,100
Accrued Income Taxes, Current	4,505	11,116	0
Total current liabilities	1,330,949	933,535	1,533,054
Long-term debt	365,674	365,569	365,534
Finance lease liabilities	1,029	1,666	1,980
Operating Lease, Liability, Noncurrent	32,958
Other liabilities	243,258	238,731	241,694
Deferred Tax Liabilities, Net, Noncurrent	13,812	13,487	19,063
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	949,846	948,835	947,125
Accumulated other comprehensive loss	(12,809)	(12,809)	(17,685)
Retained earnings	4,492,511	4,458,006	4,375,479
Less treasury stock, at cost	(3,818,404)	(3,716,890)	(3,680,882)
Total stockholders’ equity	1,612,383	1,678,381	1,625,276
Total liabilities and stockholders’ equity	$ 3,800,063	$ 3,431,369	$ 3,986,601

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Nov. 02, 2019	Feb. 02, 2019	Nov. 03, 2018
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation and amortization	$ 2,358,469	$ 2,227,860	$ 2,693,924

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Income Statement [Abstract]
Revenue from Contracts with Customers	$ 1,388,310	$ 1,419,213	$ 4,280,614	$ 4,345,498
Service charges and other income	35,349	35,752	99,825	101,594
Total net sales, service charges and other income	1,423,659	1,454,965	4,380,439	4,447,092
Cost of sales	926,782	954,937	2,886,563	2,875,855
Selling, General and Administrative Expense	418,149	418,896	1,232,434	1,233,128
Depreciation and amortization	56,143	55,762	162,890	167,986
Rentals	5,927	6,578	18,254	19,683
Interest Expense	11,536	12,104	35,021	40,447
Other expense	1,916	1,915	5,750	5,745
(Gain) loss on disposal of assets	304	(2)	(11,996)	63
(Loss) income before income taxes	2,902	4,775	51,523	104,185
Income taxes (benefit)	(2,560)	(2,650)	8,130	19,080
Net Income	$ 5,462	$ 7,425	$ 43,393	$ 85,105
(Loss) earnings per share:
Earnings Per Share, Basic and Diluted	$ 0.22	$ 0.27	$ 1.69	$ 3.08

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Statement of Comprehensive Income [Abstract]
Net Income	$ 5,462	$ 7,425	$ 43,393	$ 85,105
Other comprehensive income:
Amortization of retirement plan and other retiree benefit adjustments (net of tax of $0, $31, $0, and $63, respectively)	0	100	0	301
Comprehensive (loss) income	$ 5,462	$ 7,525	$ 43,393	$ 85,406

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Statement of Comprehensive Income [Abstract]
Amortization of retirement plan and other retiree benefit adjustments, tax	$ 0	$ 32	$ 0	$ 95

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	85,105				85,105
Issuance of 17,600 and 12,800 shares during the three and six months ended August 3, 2019 and August 4, 2018, respectively.	978
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	(301)					301
Other Comprehensive Income (Loss), Net of Tax	301
Purchase of 818,585 and 39,400 shares during the three months ended and purchase of 1,064,743 and 517,803 shares during the six months ended August 3, 2019 and August 4, 2018, respectively	(91,876)		(91,876)
Cash dividends declared:
Common Stock, $0.10 per share for each of the three months ended and $0.20 for each of the six months ended August 3, 2019 and August 4, 2019, respectively,	(8,271)				(8,271)
Balance at Nov. 03, 2018	1,625,276	1,239	(3,680,882)	947,125	4,375,479	(17,685)
Balance at Aug. 04, 2018	1,674,474	1,239	(3,626,885)	947,125	4,370,780	(17,785)
Increase (Decrease) in Stockholders' Equity
Net Income	7,425				7,425
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(100)					100
Other Comprehensive Income (Loss), Net of Tax	100
Purchase of 818,585 and 39,400 shares during the three months ended and purchase of 1,064,743 and 517,803 shares during the six months ended August 3, 2019 and August 4, 2018, respectively	(53,997)		(53,997)
Cash dividends declared:
Common Stock, $0.10 per share for each of the three months ended and $0.20 for each of the six months ended August 3, 2019 and August 4, 2019, respectively,	(2,726)				(2,726)
Balance at Nov. 03, 2018	1,625,276	1,239	(3,680,882)	947,125	4,375,479	(17,685)
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	43,393				43,393
Issuance of 17,600 and 12,800 shares during the three and six months ended August 3, 2019 and August 4, 2018, respectively.	1,011
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0
Purchase of 818,585 and 39,400 shares during the three months ended and purchase of 1,064,743 and 517,803 shares during the six months ended August 3, 2019 and August 4, 2018, respectively	(101,514)		(101,514)
Cash dividends declared:
Common Stock, $0.10 per share for each of the three months ended and $0.20 for each of the six months ended August 3, 2019 and August 4, 2019, respectively,	(8,888)				(8,888)
Balance at Nov. 02, 2019	1,612,383	1,239	(3,818,404)	949,846	4,492,511	(12,809)
Balance at Aug. 03, 2019	1,645,844	1,239	(3,783,191)	949,846	4,490,759	(12,809)
Increase (Decrease) in Stockholders' Equity
Net Income	5,462				5,462
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0
Purchase of 818,585 and 39,400 shares during the three months ended and purchase of 1,064,743 and 517,803 shares during the six months ended August 3, 2019 and August 4, 2018, respectively	(35,213)		(35,213)
Cash dividends declared:
Common Stock, $0.10 per share for each of the three months ended and $0.20 for each of the six months ended August 3, 2019 and August 4, 2019, respectively,	(3,710)				(3,710)
Balance at Nov. 02, 2019	$ 1,612,383	$ 1,239	$ (3,818,404)	$ 949,846	$ 4,492,511	$ (12,809)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY [Abstract]
Treasury Stock, Shares, Acquired	600,479	721,807	1,665,222	1,239,610
Common Stock, Dividends, Per Share, Declared	$ 0.15	$ 0.10	$ 0.35	$ 0.30
Stock Issued During Period, Shares, Share-based Compensation, Gross	0	0	17,600	12,800

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018
Operating activities:
Net Income	$ 43,393	$ 85,105
Adjustments to reconcile net income to net cash used in operating activities:
Gain on disposal of assets, excluding insurance gain	11,996	(63)
Proceeds from Insurance Settlement, Operating Activities	397	0
Depreciation and amortization of property and other deferred costs	164,373	169,412
Changes in operating assets and liabilities:
Increase in accounts receivable	1,612	(28,095)
Increase in merchandise inventories	(441,563)	(580,108)
Increase in other current assets	(2,015)	(24,533)
Increase in other assets	(8,404)	(8,666)
(Decrease) increase in trade accounts payable and accrued expenses and other liabilities	286,322	512,459
Decrease in income taxes	(9,135)	(55,978)
Net cash used in operating activities	22,984	69,659
Investing activities:
Purchases of property and equipment	(70,915)	(114,202)
Proceeds from disposal of assets	22,031	1,958
Proceeds from Insurance Settlement, Investing Activities	0	1,961
Proceeds from Equity Method Investment, Distribution, Return of Capital	1,350	2,690
Net cash used in investing activities	(47,534)	(107,593)
Financing activities:
Principal payments on long-term debt and finance lease liabilities	(703)	(161,779)
Proceeds from (Repayments of) Lines of Credit	98,600	191,100
Cash dividends paid	(7,810)	(8,383)
Purchase of treasury stock	(101,514)	(91,876)
Net cash provided by financing activities	(11,427)	(70,938)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(35,977)	(108,872)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	87,532	78,156
Non-cash transactions:
Accrued capital expenditures	9,573	5,189
Accrued treasury stock purchases	0	2,000
Stock Issued	1,011	978
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 4,601	$ 0

Basis of Presentation

Basis of Presentation	9 Months Ended
	Nov. 02, 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 and nine months ended November 2, 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) November 2, November 3, Cash and cash equivalents $ 79,065 $ 78,156 Restricted cash 8,467 — Total cash, cash equivalents and restricted cash $ 87,532 $ 78,156 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	9 Months Ended
	Nov. 02, 2019
Organization, Consolidation and Presentation of Financial Statements [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. Revenue Recognition —The Company's retail operations segment recognizes merchandise revenue at the point of sale. Allowance for sales returns and a return asset are recorded as components of net sales in the period in which the related sales are recorded. Sales taxes collected from customers are excluded from revenue and are recorded in trade accounts payable and accrued expenses until remitted to the taxing authorities. Wells Fargo Bank, N.A. ("Wells Fargo") owns and manages Dillard's private label cards under a 10-year agreement ("Wells Fargo Alliance"). Pursuant to the Wells Fargo Alliance, we receive on-going cash compensation from Wells Fargo based upon the portfolio's earnings. The compensation received from the portfolio is determined monthly and has no recourse provisions. The amount the Company receives is dependent on the level of sales on Wells Fargo accounts, the level of balances carried on Wells Fargo accounts by Wells Fargo customers, payment rates on Wells Fargo accounts, finance charge rates and other fees on Wells Fargo accounts, the level of credit losses for the Wells Fargo accounts as well as Wells Fargo's ability to extend credit to our customers. The Company's share of income under the Wells Fargo Alliance is included as a component of service charges and other income. We participate in the marketing of the private label cards, which includes the cost of customer reward programs. Through the reward programs, customers earn points that are redeemable for discounts on future purchases. The Company defers a portion of its net sales upon the sale of merchandise to its customer reward program members that is recognized in net sales when the reward is redeemed or expired at a future date. Revenue from CDI Contractors, LLC ("CDI"), the Company's general contracting construction company, construction contracts is generally measured based on the ratio of costs incurred to total estimated contract costs (the "cost-to-cost method"). The length of each contract varies but is typically nine to eighteen months. The progress towards completion is determined by relating the actual costs of work performed to date to the current estimated total costs of the respective contracts. When the estimate on a contract indicates a loss, the entire loss is recorded in the current period.

Business Segments

Business Segments	9 Months Ended
	Nov. 02, 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 Nine Months Ended November 2, 2019 November 3, 2018 November 2, 2019 November 3, 2018 Retail operations segment Cosmetics 14 % 13 % 13 % 14 % Ladies’ apparel 23 23 24 24 Ladies’ accessories and lingerie 14 13 15 14 Juniors’ and children’s apparel 10 10 10 9 Men’s apparel and accessories 17 17 17 17 Shoes 15 16 15 15 Home and furniture 3 3 3 3 96 95 97 96 Construction segment 4 5 3 4 Total 100 % 100 % 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 November 2, 2019: Net sales from external customers $ 1,334,205 $ 54,105 $ 1,388,310 Gross profit 460,549 979 461,528 Depreciation and amortization 55,963 180 56,143 Interest and debt expense (income), net 11,562 (26 ) 11,536 Income before income taxes 2,223 679 2,902 Total assets 3,753,211 46,852 3,800,063 Three Months Ended November 3 2018: Net sales from external customers $ 1,341,845 $ 77,368 $ 1,419,213 Gross profit 461,476 2,800 464,276 Depreciation and amortization 55,605 157 55,762 Interest and debt expense (income), net 12,117 (13 ) 12,104 Income before income taxes 3,463 1,312 4,775 Total assets 3,918,065 68,536 3,986,601 Nine Months Ended November 2, 2019: Net sales from external customers $ 4,132,890 $ 147,724 $ 4,280,614 Gross profit 1,392,057 1,994 1,394,051 Depreciation and amortization 162,364 526 162,890 Interest and debt expense (income), net 35,104 (83 ) 35,021 Income (loss) before income taxes 52,023 (500 ) 51,523 Total assets 3,753,211 46,852 3,800,063 Nine Months Ended November 3, 2018 Net sales from external customers $ 4,161,992 $ 183,506 $ 4,345,498 Gross profit 1,463,251 6,392 1,469,643 Depreciation and amortization 167,513 473 167,986 Interest and debt expense (income), net 40,480 (33 ) 40,447 Income before income taxes 102,385 1,800 104,185 Total assets 3,918,065 68,536 3,986,601 Intersegment construction revenues of $8.2 million and $9.3 million for the three months ended November 2, 2019 and November 3, 2018, respectively, and $22.8 million and $21.4 million for the nine months ended November 2, 2019 and November 3, 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) November 2, February 2, November 3, February 3, Contract liabilities $ 60,742 $ 72,852 $ 56,704 $ 73,059 During the nine months ended November 2, 2019 and November 3, 2018, the Company recorded $45.2 million and $47.1 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) November 2, February 2, November 3, February 3, Accounts receivable $ 33,154 $ 31,867 $ 51,603 $ 20,136 Costs and estimated earnings in excess of billings on uncompleted contracts 2,479 1,165 1,823 1,213 Billings in excess of costs and estimated earnings on uncompleted contracts 6,800 7,414 6,774 5,503 During the nine months ended November 2, 2019 and November 3, 2018, the Company recorded $7.1 million and $4.8 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 $71.9 million , $143.9 million and $318.6 million at November 2, 2019, February 2, 2019 and November 3, 2018, respectively.

Earnings Per Share Data

Earnings Per Share Data	9 Months Ended
	Nov. 02, 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 Nine Months Ended November 2, November 3, November 2, November 3, Net income $ 5,462 $ 7,425 $ 43,393 $ 85,105 Weighted average shares of common stock outstanding 24,913 27,309 25,604 27,588 Basic and diluted earnings per share $ 0.22 $ 0.27 $ 1.69 $ 3.08 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 and nine months ended November 2, 2019 and November 3, 2018

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 02, 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 November 2, 2019 , letters of credit totaling $20.6 million were issued under the Company’s revolving credit facility.

Benefit Plans

Benefit Plans	9 Months Ended
	Nov. 02, 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 and $4.1 million to the Pension Plan during the three and nine months ended November 2, 2019 , respectively, and expects to make additional contributions to the Pension Plan of approximately $1.4 million during the remainder of fiscal 2019 . The components of net periodic benefit costs are as follows (in thousands): Three Months Ended Nine Months Ended November 2, November 3, November 2, November 3, Components of net periodic benefit costs: Service cost $ 906 $ 922 $ 2,716 $ 2,766 Interest cost 1,916 1,783 5,750 5,349 Net actuarial loss — 132 — 396 Net periodic benefit costs $ 2,822 $ 2,837 $ 8,466 $ 8,511

Revolving Credit Agreement

Revolving Credit Agreement	9 Months Ended
	Nov. 02, 2019
Line of Credit Facility [Abstract]
Revolving Credit Agreement	Revolving Credit Agreement At November 2, 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 November 2, 2019 , $98.6 million in borrowings were outstanding, and letters of credit totaling $20.6 million were issued under the credit agreement leaving unutilized availability under the facility of $680.8 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 November 2, 2019

Stock Repurchase Programs

Stock Repurchase Programs	9 Months Ended
	Nov. 02, 2019
Schedule of Share Repurchase Program Activity [Abstract]
Stock Repurchase Programs	Stock Repurchase Program In March 2018, the Company's Board of Directors authorized the Company to repurchase up to $500 million of the Company’s Class A Common Stock pursuant to an open-ended stock repurchase plan (the "March 2018 Plan"). The March 2018 Plan authorization permits 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 March 2018 plan has 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 Nine Months Ended November 2, November 3, November 2, November 3, Cost of shares repurchased $ 35,213 $ 53,997 $ 101,514 $ 91,876 Number of shares repurchased 600 722 1,665 1,240 Average price per share $ 58.64 $ 74.81 $ 60.96 $ 74.12 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. As of November 2, 2019 , $305.4 million of authorization remained under the March 2018 Plan.

Income Taxes

Income Taxes	9 Months Ended
	Nov. 02, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes During the three and nine months ended November 2, 2019, income taxes differed from what would be computed using the statutory federal tax rate primarily due to the effects of federal tax credits and state and local income taxes which included tax benefits recognized of approximately $2.8 million for amended state income tax return filings and related decreases to accrued state income taxes. During the three and nine months ended November 3, 2018, income taxes differed from what would be computed using the statutory federal tax rate primarily due to tax benefits recognized of approximately $1.5 million for an update to the provisional amounts previously recorded related to the Tax Cuts and Jobs Act of 2017 (“the Act”); additional prior year federal tax credits of approximately $1.4 million ; and current year federal tax credits partially offset by the effect of state and local income tax expense.

Leases

Leases	9 Months Ended
	Nov. 02, 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 operations. • We elected the accounting policy to account for lease components (e.g. fixed rent payments) 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 November 2, 2019, right-of-use operating lease assets, which are recorded in operating lease assets in the condensed consolidated balance sheets, totaled $48.6 million , and operating lease liabilities, which are recorded in current portion of operating lease liabilities and operating lease liabilities, totaled $48.2 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 collateralized 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 November 2, 2019 February 2, 2019 (a) November 3, 2018 (a) Assets Finance lease assets Property and equipment, net (b) $ 776 $ 1,093 $ 1,213 Operating lease assets Operating lease assets 48,600 — — Total leased assets $ 49,376 $ 1,093 $ 1,213 Liabilities Current Finance Current portion of finance lease liabilities $ 1,148 $ 1,214 $ 1,187 Operating Current portion of operating lease liabilities 15,250 — — Noncurrent Finance Finance lease liabilities 1,029 1,666 1,980 Operating Operating lease liabilities 32,958 — — Total lease liabilities $ 50,385 $ 2,880 $ 3,167 (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 lease assets are recorded net of accumulated amortization of $13.8 million , $13.5 million and $22.4 million as of November 2, 2019, February 2, 2019 and November 3, 2018, respectively. Lease Cost Three Months Ended Nine Months Ended (in thousands of dollars) Classification - Condensed Consolidated Statements of Operations November 2, 2019 November 3, 2018 November 2, 2019 November 3, 2018 Operating lease cost (a) Rentals $ 5,927 $ 6,578 $ 18,254 $ 19,683 Finance lease cost Amortization of leased assets Depreciation and amortization 106 120 317 1,876 Interest on lease liabilities Interest and debt expense, net 109 77 367 250 Net lease cost $ 6,142 $ 6,775 $ 18,938 $ 21,809 (a) Includes short term lease costs of $0.8 million and $2.5 million and variable lease costs of $0.3 million and $1.0 million for the three and nine months ended November 2, 2019, respectively. Maturities of Lease Liabilities (in thousands of dollars) Fiscal Year Operating Leases Finance Leases Total 2019 (excluding the nine months ended November 2, 2019) $ 4,054 $ 357 $ 4,411 2020 16,822 1,428 18,250 2021 12,471 726 13,197 2022 6,127 — 6,127 2023 3,357 — 3,357 After 2023 15,017 — 15,017 Total minimum lease payments 57,848 2,511 60,359 Less amount representing interest (9,640 ) (334 ) (9,974 ) Present value of lease liabilities $ 48,208 $ 2,177 $ 50,385 Lease Term and Discount Rate November 2, 2019 Weighted-average remaining lease term Operating leases 5.4 years Finance leases 1.9 years Weighted-average discount rate Operating leases 6.6 % Finance leases 16.4 % Other Information (in thousands of dollars) Nine Months Ended November 2, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 15,060 Operating cash flows from finance leases 367 Financing cash flows from finance leases 703 Lease assets obtained in exchange for new operating lease liabilities $ 4,601 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")	9 Months Ended
	Nov. 02, 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 Nine Months Ended Affected Line Item in the Statement Where Net Income Is Presented Details about AOCL Components November 2, 2019 November 3, 2018 November 2, November 3, Defined benefit pension plan items Amortization of actuarial losses $ — $ 132 $ — $ 396 Total before tax (1) — 32 — 95 Income tax expense $ — $ 100 $ — $ 301 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

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	9 Months Ended
	Nov. 02, 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 Nine Months Ended November 2, 2019 November 3, 2018 November 2, November 3, Beginning balance $ 12,809 $ 17,785 $ 12,809 $ 15,444 Amounts reclassified from AOCL — (100 ) — (301 ) Reclassification due to the adoption of ASU No. 2018-02 — — — 2,542 Ending balance $ 12,809 $ 17,685 $ 12,809 $ 17,685

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Nov. 02, 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, accounts receivable and other short term borrowings approximates their carrying values at November 2, 2019 due to the short-term maturities of these instruments. The fair value of the Company’s long-term debt at November 2, 2019 was approximately $408 million . The carrying value of the Company’s long-term debt at November 2, 2019 was $365.7 million . The fair value of the Company’s subordinated debentures at November 2, 2019 was approximately $209 million . The carrying value of the Company’s subordinated debentures at November 2, 2019 was $200.0 million .

Recently Issued Accounting Stan

Recently Issued Accounting Standards New Accounting Pronouncements (Tables)	9 Months Ended
	Nov. 02, 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

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Nov. 02, 2019
Segment Reporting [Abstract]
Schedule of Contract Liabilities - Retail [Table Text Block]	Retail (in thousands of dollars) November 2, February 2, November 3, February 3, Contract liabilities $ 60,742 $ 72,852 $ 56,704 $ 73,059
Schedule of AR, Contract Assets and Liabilities - Construction [Table Text Block]	Construction (in thousands of dollars) November 2, February 2, November 3, February 3, Accounts receivable $ 33,154 $ 31,867 $ 51,603 $ 20,136 Costs and estimated earnings in excess of billings on uncompleted contracts 2,479 1,165 1,823 1,213 Billings in excess of costs and estimated earnings on uncompleted contracts 6,800 7,414 6,774 5,503
Schedule of Entity Wide Information Percentage of Revenue from External Customers by Product and Segment [Table Text Block]	Three Months Ended Nine Months Ended November 2, 2019 November 3, 2018 November 2, 2019 November 3, 2018 Retail operations segment Cosmetics 14 % 13 % 13 % 14 % Ladies’ apparel 23 23 24 24 Ladies’ accessories and lingerie 14 13 15 14 Juniors’ and children’s apparel 10 10 10 9 Men’s apparel and accessories 17 17 17 17 Shoes 15 16 15 15 Home and furniture 3 3 3 3 96 95 97 96 Construction segment 4 5 3 4 Total 100 % 100 % 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 November 2, 2019: Net sales from external customers $ 1,334,205 $ 54,105 $ 1,388,310 Gross profit 460,549 979 461,528 Depreciation and amortization 55,963 180 56,143 Interest and debt expense (income), net 11,562 (26 ) 11,536 Income before income taxes 2,223 679 2,902 Total assets 3,753,211 46,852 3,800,063 Three Months Ended November 3 2018: Net sales from external customers $ 1,341,845 $ 77,368 $ 1,419,213 Gross profit 461,476 2,800 464,276 Depreciation and amortization 55,605 157 55,762 Interest and debt expense (income), net 12,117 (13 ) 12,104 Income before income taxes 3,463 1,312 4,775 Total assets 3,918,065 68,536 3,986,601 Nine Months Ended November 2, 2019: Net sales from external customers $ 4,132,890 $ 147,724 $ 4,280,614 Gross profit 1,392,057 1,994 1,394,051 Depreciation and amortization 162,364 526 162,890 Interest and debt expense (income), net 35,104 (83 ) 35,021 Income (loss) before income taxes 52,023 (500 ) 51,523 Total assets 3,753,211 46,852 3,800,063 Nine Months Ended November 3, 2018 Net sales from external customers $ 4,161,992 $ 183,506 $ 4,345,498 Gross profit 1,463,251 6,392 1,469,643 Depreciation and amortization 167,513 473 167,986 Interest and debt expense (income), net 40,480 (33 ) 40,447 Income before income taxes 102,385 1,800 104,185 Total assets 3,918,065 68,536 3,986,601

Earnings Per Share Data (Tables

Earnings Per Share Data (Tables)	9 Months Ended
	Nov. 02, 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 Nine Months Ended November 2, November 3, November 2, November 3, Net income $ 5,462 $ 7,425 $ 43,393 $ 85,105 Weighted average shares of common stock outstanding 24,913 27,309 25,604 27,588 Basic and diluted earnings per share $ 0.22 $ 0.27 $ 1.69 $ 3.08

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
	Nov. 02, 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 Nine Months Ended November 2, November 3, November 2, November 3, Components of net periodic benefit costs: Service cost $ 906 $ 922 $ 2,716 $ 2,766 Interest cost 1,916 1,783 5,750 5,349 Net actuarial loss — 132 — 396 Net periodic benefit costs $ 2,822 $ 2,837 $ 8,466 $ 8,511

Stock Repurchase Programs Sched

Stock Repurchase Programs Schedule of Repurchase Program Activity (Tables)	9 Months Ended
	Nov. 02, 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 Nine Months Ended November 2, November 3, November 2, November 3, Cost of shares repurchased $ 35,213 $ 53,997 $ 101,514 $ 91,876 Number of shares repurchased 600 722 1,665 1,240 Average price per share $ 58.64 $ 74.81 $ 60.96 $ 74.12

Leases (Tables)

Leases (Tables)	9 Months Ended
	Nov. 02, 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 nine months ended November 2, 2019) $ 4,054 $ 357 $ 4,411 2020 16,822 1,428 18,250 2021 12,471 726 13,197 2022 6,127 — 6,127 2023 3,357 — 3,357 After 2023 15,017 — 15,017 Total minimum lease payments 57,848 2,511 60,359 Less amount representing interest (9,640 ) (334 ) (9,974 ) Present value of lease liabilities $ 48,208 $ 2,177 $ 50,385
Lease Term and Discount Rate [Table Text Block]	November 2, 2019 Weighted-average remaining lease term Operating leases 5.4 years Finance leases 1.9 years Weighted-average discount rate Operating leases 6.6 % Finance leases 16.4 %
Cash Flow, Operating Activities, Lessee [Abstract]	(in thousands of dollars) Nine Months Ended November 2, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 15,060 Operating cash flows from finance leases 367 Financing cash flows from finance leases 703 Lease assets obtained in exchange for new operating lease liabilities $ 4,601
Lease, Cost [Table Text Block]	Lease Cost Three Months Ended Nine Months Ended (in thousands of dollars) Classification - Condensed Consolidated Statements of Operations November 2, 2019 November 3, 2018 November 2, 2019 November 3, 2018 Operating lease cost (a) Rentals $ 5,927 $ 6,578 $ 18,254 $ 19,683 Finance lease cost Amortization of leased assets Depreciation and amortization 106 120 317 1,876 Interest on lease liabilities Interest and debt expense, net 109 77 367 250 Net lease cost $ 6,142 $ 6,775 $ 18,938 $ 21,809
Operating and Finance Lease Assets and Liabilities [Table Text Block]	(in thousands of dollars) Classification - Condensed Consolidated Balance Sheets November 2, 2019 February 2, 2019 (a) November 3, 2018 (a) Assets Finance lease assets Property and equipment, net (b) $ 776 $ 1,093 $ 1,213 Operating lease assets Operating lease assets 48,600 — — Total leased assets $ 49,376 $ 1,093 $ 1,213 Liabilities Current Finance Current portion of finance lease liabilities $ 1,148 $ 1,214 $ 1,187 Operating Current portion of operating lease liabilities 15,250 — — Noncurrent Finance Finance lease liabilities 1,029 1,666 1,980 Operating Operating lease liabilities 32,958 — — Total lease liabilities $ 50,385 $ 2,880 $ 3,167
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)	9 Months Ended
	Nov. 02, 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 Nine Months Ended Affected Line Item in the Statement Where Net Income Is Presented Details about AOCL Components November 2, 2019 November 3, 2018 November 2, November 3, Defined benefit pension plan items Amortization of actuarial losses $ — $ 132 $ — $ 396 Total before tax (1) — 32 — 95 Income tax expense $ — $ 100 $ — $ 301 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

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Nov. 02, 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 Nine Months Ended November 2, 2019 November 3, 2018 November 2, November 3, Beginning balance $ 12,809 $ 17,785 $ 12,809 $ 15,444 Amounts reclassified from AOCL — (100 ) — (301 ) Reclassification due to the adoption of ASU No. 2018-02 — — — 2,542 Ending balance $ 12,809 $ 17,685 $ 12,809 $ 17,685

Basis of Presentation Cash, Cas

Basis of Presentation Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Nov. 02, 2019	Feb. 02, 2019	Nov. 03, 2018	Feb. 03, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 79,065	$ 123,509	$ 78,156
Restricted cash	8,467	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 87,532	$ 123,509	$ 78,156	$ 187,028

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019USD ($)	Nov. 03, 2018USD ($)	Nov. 02, 2019USD ($)segment	Nov. 03, 2018USD ($)	Feb. 02, 2019USD ($)	Feb. 03, 2018USD ($)
Segment Reporting [Abstract]
Costs and estimated earnings in excess of billings on uncompleted contracts, construction segment	$ 2,479	$ 1,823	$ 2,479	$ 1,823	$ 1,165	$ 1,213
Billings in excess of costs and estimated earnings on uncompleted contracts, construction segment	6,800	6,774	6,800	6,774	7,414	5,503
Accounts Receivable, Construction Segment	33,154	51,603	33,154	51,603	31,867	20,136
Revenue, Remaining Performance Obligation, Amount	71,900	318,600	71,900	318,600	143,900
Revenue Recognized, previously recorded in Billings in excess of costs and estimated earnings			7,100	4,800
Contract with Customer, Liability	60,742	56,704	60,742	56,704	72,852	$ 73,059
Contract with Customer, Liability, Revenue Recognized			45,200	47,100
Business Segments
Revenue from Contracts with Customers	$ 1,388,310	$ 1,419,213	$ 4,280,614	$ 4,345,498
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Number of Reportable Segments | segment			2
Gross profit		$ 464,276		$ 1,469,643
Depreciation and amortization	$ 56,143	55,762	$ 162,890	167,986
Interest and debt expense (income), net	11,536	12,104	35,021	40,447
(Loss) income before income taxes	2,902	4,775	51,523	104,185
Total assets	3,800,063	3,986,601	3,800,063	3,986,601	$ 3,431,369
Retail operations
Business Segments
Revenue from Contracts with Customers	$ 1,334,205	$ 1,341,845	$ 4,132,890	$ 4,161,992
Concentration Risk, Percentage	96.00%	95.00%	97.00%	96.00%
Number of Reportable Segments | segment			1
Number of store formats | segment			1
Gross profit	$ 460,549	$ 461,476	$ 1,392,057	$ 1,463,251
Depreciation and amortization	55,963	55,605	162,364	167,513
Interest and debt expense (income), net	11,562	12,117	35,104	40,480
(Loss) income before income taxes	2,223	3,463	52,023	102,385
Total assets	3,753,211	3,918,065	3,753,211	3,918,065
Construction
Business Segments
Revenue from Contracts with Customers	$ 54,105	$ 77,368	$ 147,724	$ 183,506
Concentration Risk, Percentage	4.00%	5.00%	3.00%	4.00%
Gross profit	$ 979	$ 2,800	$ 1,994	$ 6,392
Depreciation and amortization	180	157	526	473
Interest and debt expense (income), net	(26)	(13)	(83)	(33)
(Loss) income before income taxes	679	1,312	(500)	1,800
Total assets	46,852	68,536	46,852	68,536
Intersegment Eliminations [Member]
Business Segments
Revenue from Contracts with Customers	$ 8,200	$ 9,300	$ 22,800	$ 21,400
Cosmetics [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	14.00%	13.00%	13.00%	14.00%
Ladies Apparel [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	23.00%	23.00%	24.00%	24.00%
Ladies Accessories and Lingerie [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	14.00%	13.00%	15.00%	14.00%
Juniors and Children's Apparel [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	10.00%	10.00%	10.00%	9.00%
Mens Apparel and Accessories [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	17.00%	17.00%	17.00%	17.00%
Shoes [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	15.00%	16.00%	15.00%	15.00%
Home and Furniture [Member] | Retail operations
Business Segments
Concentration Risk, Percentage	3.00%	3.00%	3.00%	3.00%

Earnings Per Share Data (Detail

Earnings Per Share Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Earnings Per Share [Abstract]
Net Income	$ 5,462	$ 7,425	$ 43,393	$ 85,105
Weighted Average Number of Shares Outstanding, Basic and Diluted	24,913,000	27,309,000	25,604,000	27,588,000
Earnings Per Share, Basic and Diluted	$ 0.22	$ 0.27	$ 1.69	$ 3.08
Total dilutive and potentially dilutive securities outstanding (in shares)	0		0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Nov. 02, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit under the Company's revolving credit facility	$ 20.6

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Defined Benefit Plan Disclosure [Line Items]
Employer contributions to pension plan	$ 1,400		$ 4,100
Components of net periodic benefit costs:
Service cost	906	$ 922	2,716	$ 2,766
Interest cost	1,916	1,783	5,750	5,349
Net actuarial loss	0	132	0	396
Net periodic benefit costs	2,822	2,837	8,466	8,511
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Year	1,400		1,400
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	$ 0	$ 396

Revolving Credit Agreement (Det

Revolving Credit Agreement (Details) - USD ($)	9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018
Credit agreement
Minimum Coverage Ratio Under Credit Facility	2.5
Line of Credit Facility, Maximum Borrowing Capacity	$ 800,000,000
Reference rate	LIBOR
Percentage points added to reference rate	1.375%
Letters of credit issued	$ 20,600,000
Unutilized credit facility borrowing capacity	$ 680,800,000
Maximum Leverage Ratio Under Credit Facility	3.5
Annual commitment fee (as a percent)	0.20%
Proceeds from (Repayments of) Lines of Credit	$ 98,600,000	$ 191,100,000

Stock Repurchase Programs (Deta

Stock Repurchase Programs (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Schedule of Share Repurchase Program Activity [Abstract]
Stock Repurchase Program, Authorized Amount	$ 500,000		$ 500,000
Treasury Stock, Shares, Acquired	600,479	721,807	1,665,222	1,239,610
Amount of shares repurchased	$ 35,213	$ 53,997	$ 101,514	$ 91,876
Average price of shares repurchased (in dollars per share)	$ 58.64	$ 74.81	$ 60.96	$ 74.12
Repurchase of common stock remaining authorization	$ 305,400		$ 305,400

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) (Details) $ in Millions	9 Months Ended
	Nov. 02, 2019USD ($)
Income Tax Disclosure [Abstract]
Tax Benefits Related to State Income Tax Returns	$ 2.8
Tax benefits related to the Tax Act	1.5
Effective Income Tax Rate Reconciliation, Tax Credit, Amount	$ 1.4

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018	Feb. 03, 2019	Feb. 02, 2019
Leases [Abstract]
Operating Lease Assets, at Adoption					$ 57,000
Operating Lease Liabilities, at Adoption					$ 56,200
Operating Lease, Right-of-Use Asset	$ 48,600		$ 48,600
Finance Lease, Right-of-Use Asset	776	$ 1,213	776	$ 1,213		$ 1,093
Right-of-Use Assets, Total	49,376	1,213	49,376	1,213		1,093
Operating Lease, Liability, Current	15,250		15,250
Operating Lease, Liability, Noncurrent	32,958		32,958
Operating Lease, Liability	48,208		48,208
Finance Lease, Liability, Current	1,148	1,187	1,148	1,187		1,214
Finance Lease, Liability, Noncurrent	1,029	1,980	1,029	1,980		1,666
Finance Lease, Liability	2,177		2,177			2,880
Lease Liabilities, Total	$ 50,385	3,167	$ 50,385	3,167		2,880
Operating Lease, Weighted Average Remaining Lease Term	5 years 4 months 24 days		5 years 4 months 24 days
Finance Lease, Weighted Average Remaining Lease Term	1 year 10 months 24 days		1 year 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	6.60%		6.60%
Finance Lease, Weighted Average Discount Rate, Percent	16.40%		16.40%
accumulated amortization finance leases	$ 13,800	22,400	$ 13,800	22,400		13,500
Income and Expenses, Lessee [Abstract]
Operating Lease, Expense	5,927	6,578	18,254	19,683
Finance Lease, Interest Expense	109	77	367	250
Finance Lease, Right-of-Use Asset, Amortization	106	120	317	1,876
Net Lease Cost	6,142	$ 6,775	18,938	21,809
Short-term Lease, Cost	800		2,500
Variable Lease, Cost	300		1,000
Cash Flow, Operating Activities, Lessee [Abstract]
Operating Lease, Payments			15,060
Finance Lease, Interest Payment on Liability			367
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			4,601	$ 0
Cash Flow, Financing Activities, Lessee [Abstract]
Finance Lease, Principal Payments			703
Total lease liability payments [Abstract]
2019, Remainder Fiscal Year	4,411		4,411
2020	18,250		18,250
2021	13,197		13,197
2022	6,127		6,127
2023	3,357		3,357
After 2023	15,017		15,017
Lease Liability, Payments Due	60,359		60,359
Lease Liability, Undiscounted Excess Amount	(9,974)		(9,974)
Finance Lease Liabilities, Payments, Due [Abstract]
2019, Remainder of Fiscal Year	357		357			1,428
2020	1,428		1,428			1,077
2021	726		726			726
2022	0		0			0
2023	0		0			0
After 2023	0		0			0
Finance Lease, Liability, Payments, Due	2,511		2,511			3,231
Finance Lease, Liability, Undiscounted Excess Amount	(334)		(334)			(351)
Operating Lease Liabilities, Payments Due [Abstract]
2019, Remainder of Fiscal Year	4,054		4,054			19,847
2020	16,822		16,822			15,423
2021	12,471		12,471			10,691
2022	6,127		6,127			4,896
2023	3,357		3,357			3,378
After 2023	15,017		15,017			14,532
Lessee, Operating Lease, Liability, Payments, Due	57,848		57,848			$ 68,767
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	$ (9,640)		$ (9,640)

Reclassifications from Accumu_3

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL") (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018	Feb. 02, 2019
Reclassifications from accumulated other comprehensive loss
Amortization of actuarial losses	$ 0	$ 132	$ 0	$ 396
Income before income taxes and income on and equity in losses of joint ventures	(2,902)	(4,775)	(51,523)	(104,185)
Income tax expense	2,560	2,650	(8,130)	(19,080)
Net Income	(5,462)	(7,425)	(43,393)	(85,105)
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	0	396
Income tax expense	0	32	0	95
Net Income	$ 0	$ 100	$ 0	$ 301

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Changes in accumulated other comprehensive loss
Beginning balance			$ 12,809
Net other comprehensive income		$ (100)		$ (301)
Ending balance	$ 12,809	17,685	12,809	17,685
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Changes in accumulated other comprehensive loss
Beginning balance	12,809	17,785	12,809	15,444
Amounts reclassified from AOCL	0	(100)	0	(301)
Reclassification due to the adoption of ASU No. 2018-02	0	0	0	2,542
Ending balance	$ 12,809	$ 17,685	$ 12,809	$ 17,685

Gain on Disposal of Assets (Det

Gain on Disposal of Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 02, 2019	Nov. 03, 2018	Nov. 02, 2019	Nov. 03, 2018
Gain on disposal of assets
Proceeds from disposal of assets			$ 22,031	$ 1,958
Gain on disposal of assets	$ 304	$ (2)	$ (11,996)	$ 63

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Thousands	Nov. 02, 2019	Feb. 02, 2019	Nov. 03, 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	408,000
Subordinated debentures	209,000
Carrying value
Fair value disclosures
Long-term debt, including current portion	365,700
Subordinated debentures	$ 200,000