Dillard's (DDS) 10-Q 3 Sep 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jul. 31, 2021	Aug. 28, 2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2021
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	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	--01-29
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Common Stock Class A
Entity Common Stock, Shares Outstanding		16,627,015
Common Stock Class B
Entity Common Stock, Shares Outstanding		3,986,233

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020	Jan. 30, 2021
Current assets:
Cash and cash equivalents	$ 669,474	$ 82,868	$ 669,474	$ 82,868	$ 360,339
Accounts receivable	34,445	28,631	34,445	28,631	36,693
Merchandise inventories	1,112,815	1,283,141	1,112,815	1,283,141	1,087,763
Federal and state income taxes	122,807	85,658	122,807	85,658	118,439
Other current assets	66,275	65,758	66,275	65,758	58,706
Total current assets	2,005,816	1,546,056	2,005,816	1,546,056	1,661,940
Property and equipment (net of accumulated depreciation and amortization of $2,537,137, $2,466,000 and $2,434,355, respectively)	1,237,427	1,394,237	1,237,427	1,394,237	1,289,302
Operating lease assets	44,098	44,091	44,098	44,091	47,612
Deferred income taxes	26,792	23,289	26,792	23,289	23,453
Other assets	69,376	75,563	69,376	75,563	70,208
Total assets	3,383,509	3,083,236	3,383,509	3,083,236	3,092,515
Current liabilities:
Trade accounts payable and accrued expenses	881,543	586,865	881,543	586,865	758,363
Current portion of finance lease liabilities	356	986	356	986	695
Current portion of operating lease liabilities	12,113	13,758	12,113	13,758	13,819
Other short-term borrowings	0	229,600	0	229,600	0
Total current liabilities	894,012	831,209	894,012	831,209	772,877
Long-term debt	365,918	365,779	365,918	365,779	365,849
Finance lease liabilities	0	356	0	356	0
Operating lease liabilities	31,467	30,051	31,467	30,051	33,392
Other liabilities	282,533	284,527	282,533	284,527	279,389
Subordinated debentures	200,000	200,000	200,000	200,000	200,000
Commitments and contingencies
Stockholders’ equity:
Common stock	1,240	1,240	1,240	1,240	1,240
Additional paid-in capital	955,198	952,522	955,198	952,522	954,131
Accumulated other comprehensive loss	(33,878)	(30,198)	(33,878)	(30,198)	(34,935)
Retained earnings	4,808,737	4,378,988	4,808,737	4,378,988	4,471,269
Less treasury stock, at cost	(4,121,718)	(3,931,238)	(4,121,718)	(3,931,238)	(3,950,697)
Total stockholders’ equity	1,609,579	1,371,314	1,609,579	1,371,314	1,441,008
Total liabilities and stockholders’ equity	3,383,509	3,083,236	3,383,509	3,083,236	3,092,515
Property and equipment, accumulated depreciation and amortization	2,537,137	2,434,355	2,537,137	2,434,355	$ 2,466,000
Variable lease cost	$ 400	$ 400	$ 700	$ 700

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 30, 2021	Aug. 01, 2020
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation and amortization	$ 2,537,137	$ 2,466,000	$ 2,434,355

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Income Statement [Abstract]
Net sales	$ 1,570,378	$ 919,044	$ 2,898,921	$ 1,705,699
Service charges and other income	31,054	26,139	60,046	61,060
Total net sales, service charges and other income	1,601,432	945,183	2,958,967	1,766,759
Cost of sales	927,210	639,847	1,701,299	1,328,316
Selling, general and administrative expenses	365,868	267,062	702,482	557,508
Depreciation and amortization	50,043	50,951	96,451	101,852
Interest and debt expense, net	10,771	12,873	22,306	25,143
Other expense	2,134	2,104	7,098	4,208
(Gain) loss on disposal of assets	(9)	33	(24,682)	14
Income (loss) before income taxes	240,316	(33,326)	443,803	(261,471)
Income taxes (benefit)	54,660	(24,760)	99,900	(90,930)
Net income (loss)	$ 185,656	$ (8,566)	$ 343,903	$ (170,541)
Earnings (loss) per share:
Earnings (loss) per share: basic and diluted	$ 8.81	$ (0.37)	$ 16.03	$ (7.33)
Operating Lease, Expense	$ 5,099	$ 5,639	$ 10,210	$ 11,189

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 185,656	$ (8,566)	$ 343,903	$ (170,541)
Other comprehensive income:
Amortization of retirement plan and other retiree benefit adjustments (net of tax of $169, $138, $337 and $276, respectively)	528	430	1,057	861
Comprehensive income (loss)	$ 186,184	$ (8,136)	$ 344,960	$ (169,680)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Statement of Comprehensive Income [Abstract]
Amortization of retirement plan and other retiree benefit adjustments, tax	$ 169	$ 138	$ 337	$ 276

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]
Balance at Feb. 01, 2020	$ 1,623,259	$ 1,239	$ 951,726	$ (31,059)	$ 4,556,494	$ (3,855,141)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(170,541)				(170,541)
Other comprehensive income	861			861
Issuance of 9,000 and 9,000 shares under equity plans during the three months ended and 32,000 and 32,000 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	797	1	796
Purchase of 734,467 and 586,851 shares of treasury stock during the three months ended and 1,359,360 and 1,585,593 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	(76,097)					(76,097)
Cash dividends declared:
Common Stock, $0.15 and $0.15 per share for the three months ended and $0.30 and $0.30 per share for the six months ended July 31, 2021 and August 1, 2020, respectively	(6,965)				(6,965)
Balance at Aug. 01, 2020	1,371,314	1,240	952,522	(30,198)	4,378,988	(3,931,238)
Balance at May. 02, 2020	1,396,406	1,239	951,726	(30,628)	4,391,039	(3,916,970)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(8,566)				(8,566)
Other comprehensive income	430			430
Issuance of 9,000 and 9,000 shares under equity plans during the three months ended and 32,000 and 32,000 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	797	1	796
Purchase of 734,467 and 586,851 shares of treasury stock during the three months ended and 1,359,360 and 1,585,593 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	(14,268)					(14,268)
Cash dividends declared:
Common Stock, $0.15 and $0.15 per share for the three months ended and $0.30 and $0.30 per share for the six months ended July 31, 2021 and August 1, 2020, respectively	(3,485)				(3,485)
Balance at Aug. 01, 2020	1,371,314	1,240	952,522	(30,198)	4,378,988	(3,931,238)
Balance at Jan. 30, 2021	1,441,008	1,240	954,131	(34,935)	4,471,269	(3,950,697)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	343,903				343,903
Other comprehensive income	1,057			1,057
Issuance of 9,000 and 9,000 shares under equity plans during the three months ended and 32,000 and 32,000 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	1,067	0	1,067
Purchase of 734,467 and 586,851 shares of treasury stock during the three months ended and 1,359,360 and 1,585,593 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	(171,021)					(171,021)
Cash dividends declared:
Common Stock, $0.15 and $0.15 per share for the three months ended and $0.30 and $0.30 per share for the six months ended July 31, 2021 and August 1, 2020, respectively	(6,435)				(6,435)
Balance at Jul. 31, 2021	1,609,579	1,240	955,198	(33,878)	4,808,737	(4,121,718)
Balance at May. 01, 2021	1,537,697	1,240	954,131	(34,406)	4,626,243	(4,009,511)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	185,656				185,656
Other comprehensive income	528			528
Issuance of 9,000 and 9,000 shares under equity plans during the three months ended and 32,000 and 32,000 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	1,067	0	1,067
Purchase of 734,467 and 586,851 shares of treasury stock during the three months ended and 1,359,360 and 1,585,593 shares during the six months ended July 31, 2021 and August 1, 2020, respectively	(112,207)					(112,207)
Cash dividends declared:
Common Stock, $0.15 and $0.15 per share for the three months ended and $0.30 and $0.30 per share for the six months ended July 31, 2021 and August 1, 2020, respectively	(3,162)				(3,162)
Balance at Jul. 31, 2021	$ 1,609,579	$ 1,240	$ 955,198	$ (33,878)	$ 4,808,737	$ (4,121,718)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY [Abstract]
Treasury Stock, Shares, Acquired	734,467	586,851	1,359,360	1,585,593
Common Stock, Dividends, Per Share, Declared	$ 0.15	$ 0.15	$ 0.30	$ 0.30
Stock Issued During Period, Shares, Share-based Compensation, Gross	9,000	32,000	9,000	32,000

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020
Operating activities:
Net income (loss)	$ 343,903	$ (170,541)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property and other deferred cost	97,695	103,140
(Gain) loss on disposal of assets	24,682	(14)
Proceeds from insurance	2,254	0
Loss on early extinguishment of debt	2,830	0
Changes in operating assets and liabilities:
Decrease in accounts receivable	2,248	17,529
(Increase) decrease in merchandise inventories	(25,052)	181,866
Increase in other current assets	(10,878)	(5,148)
Increase in other assets	(1,107)	(124)
Increase (decrease) in trade accounts payable and accrued expenses and other liabilities	111,622	(290,268)
Decrease in income taxes	(6,532)	(130,977)
Net cash provided by (used in) operating activities	492,301	(294,509)
Investing activities:
Purchase of property and equipment and capitalized software	(41,205)	(38,607)
Proceeds from disposal of assets	29,285	308
Proceeds from insurance	2,819	0
Distribution from joint venture	0	215
Net cash used in investing activities	(9,101)	(38,084)
Financing activities:
Principal payments on long-term debt and finance lease liabilities	(339)	(572)
Issuance cost of line of credit	(2,972)	(3,001)
Increase in short-term borrowings	0	229,600
Cash dividends paid	(6,573)	(7,185)
Purchase of treasury stock	(164,181)	(80,458)
Net cash (used in) provided by financing activities	(174,065)	138,384
Increase (decrease) in cash and cash equivalents	309,135	(194,209)
Cash and cash equivalents, beginning of period	360,339	277,077
Cash and cash equivalents, end of period	669,474	82,868
Non-cash transactions:
Accrued capital expenditures	14,496	7,994
Accrued purchase of treasury stock	6,840	2,962
Stock awards	1,067	797
Lease assets obtained in exchange for new operating lease liabilities	$ 3,815	$ 4,084

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 2021
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 six months ended July 31, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending January 29, 2022 due to, among other factors, the seasonal nature of the business and the ongoing effect of the COVID-19 pandemic. 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 January 30, 2021 filed with the SEC on March 29, 2021. COVID-19 In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to impact the United States and global economies. The COVID-19 pandemic has had and may continue to have a significant impact on the Company's business, results of operations and financial position. The Company began closing stores on March 19, 2020 as mandated by state and local governments, and by April 9, 2020, all brick-and-mortar store locations were temporarily closed to the public. Our eCommerce capabilities allowed us to use our closed store locations (with limited staffing) to fill orders from our Internet store. During the month ended May 30, 2020 (fiscal May), we re-opened most of our full-line stores, and by June 2, 2020 all Dillard's store locations had been re-opened. Following our re-opening, a very small number of our locations were temporarily closed to in-store shopping due to government mandate.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jul. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles	Accounting Standards Recently Adopted Accounting Pronouncements Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , as part of its initiative to reduce complexity in accounting standards. The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The amendments within ASU No. 2019-12 are effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, and early adoption is permitted. The adoption of this update did not have a material impact on the Company's consolidated financial statements. Facilitation of the Effects of Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions that reference the London Inter-Bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. This guidance is optional for a limited period of time to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial reporting. More specifically, the amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. This guidance is effective from March 12, 2020 through December 31, 2022. Entities may elect to adopt the amendments for contract modifications as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. The adoption of this update did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements Management believes there is no other accounting guidance issued but not yet effective that would be relevant to the Company's current financial statements.

Business Segments

Business Segments	6 Months Ended
	Jul. 31, 2021
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 Six Months Ended July 31, August 1, July 31, August 1, Retail operations segment Cosmetics 13 % 14 % 14 % 14 % Ladies’ apparel 24 21 23 21 Ladies’ accessories and lingerie 15 16 15 16 Juniors’ and children’s apparel 9 9 10 9 Men’s apparel and accessories 20 20 19 18 Shoes 14 13 14 14 Home and furniture 3 4 3 4 98 97 98 96 Construction segment 2 3 2 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 Construction Consolidated Three Months Ended July 31, 2021 Net sales from external customers $ 1,539,396 $ 30,982 $ 1,570,378 Gross profit 641,240 1,928 643,168 Depreciation and amortization 49,981 62 50,043 Interest and debt expense (income), net 10,782 (11) 10,771 Income before income taxes 239,790 526 240,316 Total assets 3,339,862 43,647 3,383,509 Three Months Ended August 1, 2020 Net sales from external customers $ 893,216 $ 25,828 $ 919,044 Gross profit 277,407 1,790 279,197 Depreciation and amortization 50,784 167 50,951 Interest and debt expense (income), net 12,885 (12) 12,873 (Loss) income before income taxes (33,699) 373 (33,326) Total assets 3,056,320 26,916 3,083,236 Six Months Ended July 31, 2021 Net sales from external customers $ 2,836,132 $ 62,789 $ 2,898,921 Gross profit 1,194,241 3,381 1,197,622 Depreciation and amortization 96,319 132 96,451 Interest and debt expense (income), net 22,332 (26) 22,306 Income before income taxes 442,988 815 443,803 Total assets 3,339,862 43,647 3,383,509 Six Months Ended August 1, 2020 Net sales from external customers $ 1,644,243 $ 61,456 $ 1,705,699 Gross profit 373,441 3,942 377,383 Depreciation and amortization 101,516 336 101,852 Interest and debt expense (income), net 25,176 (33) 25,143 (Loss) income before income taxes (262,366) 895 (261,471) Total assets 3,056,320 26,916 3,083,236 Intersegment construction revenues of $12.3 million and $6.9 million for the three months ended July 31, 2021 and August 1, 2020, respectively, and $16.6 million and $18.3 million for the six months ended July 31, 2021 and August 1, 2020, 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 customer loyalty program associated with Dillard's private label cards 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) July 31, January 30, August 1, February 1, Contract liabilities $ 59,713 $ 68,021 $ 58,186 $ 75,229 During the six months ended July 31, 2021 and August 1, 2020, the Company recorded $28.8 million and $29.8 million, respectively, in revenue that was previously included in the retail operations contract liability balances of $68.0 million and $75.2 million at January 30, 2021 and February 1, 2020, respectively. Construction contracts give rise to accounts receivable, contract assets and contract liabilities. We record accounts receivable based on amounts expected to be collected from 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) July 31, January 30, August 1, February 1, Accounts receivable $ 23,374 $ 25,094 $ 19,222 $ 28,522 Costs and estimated earnings in excess of billings on uncompleted contracts 1,426 450 722 2,179 Billings in excess of costs and estimated earnings on uncompleted contracts 5,118 4,685 7,212 5,737 During the six months ended July 31, 2021 and August 1, 2020, the Company recorded $4.1 million and $4.7 million, respectively, in revenue that was previously included in billings in excess of costs and estimated earnings on uncompleted contracts of $4.7 million and $5.7 million at January 30, 2021 and February 1, 2020, respectively. The remaining performance obligations related to executed construction contracts totaled $51.8 million, $76.2 million and $127.0 million at July 31, 2021, January 30, 2021 and August 1, 2020, respectively.

Earnings Per Share Data

Earnings Per Share Data	6 Months Ended
	Jul. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share Data	Earnings (Loss) Per Share Data The following table sets forth the computation of basic and diluted earnings (loss) per share for the periods indicated (in thousands, except per share data). Three Months Ended Six Months Ended July 31, August 1, July 31, August 1, Net income (loss) $ 185,656 $ (8,566) $ 343,903 $ (170,541) Weighted average shares of common stock outstanding 21,079 23,174 21,458 23,264 Basic and diluted earnings (loss) per share $ 8.81 $ (0.37) $ 16.03 $ (7.33)

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2021
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 July 31, 2021, letters of credit totaling $20.2 million were issued under the Company’s revolving credit facility. See Note 7, Revolving Credit Agreement , for additional information.

Benefit Plans

Benefit Plans	6 Months Ended
	Jul. 31, 2021
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 $1.7 million and $3.2 million to the Pension Plan during the three and six months ended July 31, 2021, respectively, and expects to make additional contributions to the Pension Plan of approximately $3.2 million during the remainder of fiscal 2021. The components of net periodic benefit costs are as follows (in thousands): Three Months Ended Six Months Ended July 31, August 1, July 31, August 1, Components of net periodic benefit costs: Service cost $ 1,067 $ 1,090 $ 2,134 $ 2,180 Interest cost 1,438 1,536 2,875 3,072 Net actuarial loss 697 568 1,394 1,137 Net periodic benefit costs $ 3,202 $ 3,194 $ 6,403 $ 6,389

Revolving Credit Agreement

Revolving Credit Agreement	3 Months Ended
	Jul. 31, 2021
Line of Credit Facility [Abstract]
Short-term Debt	Revolving Credit Agreement The Company maintained an unsecured credit facility that provided a borrowing capacity of $800 million with a $200 million expansion option ("credit agreement") until the credit agreement was amended in April 2020 (the "2020 amended credit agreement"). After giving effect to the amendment, the 2020 amended credit agreement became secured by certain deposit accounts of the Company and certain inventory of certain subsidiaries. In April 2021, the Company further amended its secured credit agreement (the "2021 amended credit agreement"). The borrowing capacity remained at $800 million, subject to certain limitations as outlined in the 2021 amended credit agreement, with a $200 million expansion option. The 2021 amended 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 2021 amended credit agreement and a commitment fee to the participating banks. The rate of interest on borrowings under the 2021 amended credit agreement is LIBOR plus 1.75% if average quarterly availability is less than 50% of the total commitment, as defined in the 2021 amended credit agreement ("total commitment"), and the rate of interest on borrowings is LIBOR plus 1.50% if average quarterly availability is greater than or equal to 50% of the total commitment. The commitment fee for unused borrowings is 0.30% per annum if average borrowings are less than 35% of the total commitment and 0.25% if average borrowings are greater than or equal to 35% of the total commitment. As long as availability exceeds $80 million and certain events of default have not occurred and are not continuing, there are no financial covenant requirements under the 2021 amended credit agreement. The 2021 amended credit agreement matures on April 28, 2026. At July 31, 2021, no borrowings were outstanding, and letters of credit totaling $20.2 million were issued under the 2021 amended credit agreement leaving unutilized availability under the credit facility of $716.0 million.

Stock Repurchase Programs

Stock Repurchase Programs	6 Months Ended
	Jul. 31, 2021
Schedule of Share Repurchase Program Activity [Abstract]
Stock Repurchase Programs	Stock Repurchase Programs In March 2018, the Company's Board of Directors authorized the repurchase of up to $500 million of the Company’s Class A Common Stock under an open-ended stock repurchase plan ("March 2018 Plan"). The March 2018 Plan 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 and has no expiration date. As of July 31, 2021, $2.1 million of authorization remained under the March 2018 Plan. The following is a summary of share repurchase activity under the March 2018 Plan for the periods indicated (in thousands, except per share data): Three Months Ended Six Months Ended July 31, August 1, July 31, August 1, Cost of shares repurchased $ 112,207 $ 14,268 $ 171,021 $ 76,097 Number of shares repurchased 734 587 1,359 1,586 Average price per share $ 152.77 $ 24.31 $ 125.81 $ 47.99 All repurchases of the Company’s Class A Common Stock above were made at the market price at the trade date. All amounts paid to reacquire these shares were allocated to treasury stock.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesDuring the three and six months ended July 31, 2021, income tax expense differed from what would be computed using the statutory federal income tax rate primarily due to the effects of state and local income taxes. The Company was in a net operating loss position for the fiscal year ended January 30, 2021. The Coronavirus Aid, Relief and Economic Security (“CARES”) Act, signed into law on March 27, 2020, allows for net operating loss carryback to years in which the statutory federal tax rate was 35% rather than the current 21%. During the three and six months ended August 1, 2020, income tax benefit differed from what would be computed using the current statutory federal tax rate of 21% primarily due to the recognition of a net tax benefit of $17.4 million and $32.1 million, respectively, related to the rate differential in the carryback year. Income tax benefit for the three and six months also included the effects of state and local income taxes.

Reclassifications from Accumula

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL")	6 Months Ended
	Jul. 31, 2021
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 Six Months Ended Affected Line Item in the Statement Where Net Income Is Presented Details about AOCL Components July 31, August 1, July 31, August 1, Defined benefit pension plan items Amortization of actuarial losses $ 697 $ 568 $ 1,394 $ 1,137 Total before tax (1) 169 138 337 276 Income tax expense $ 528 $ 430 $ 1,057 $ 861 Total net of tax _______________________________ (1) This item is included in the computation of net periodic pension cost. See Note 6, Benefit Plans

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Defined Benefit Pension Plan Items	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 Six Months Ended July 31, August 1, July 31, August 1, Beginning balance $ 34,406 $ 30,628 $ 34,935 $ 31,059 Amounts reclassified from AOCL (528) (430) (1,057) (861) Ending balance $ 33,878 $ 30,198 $ 33,878 $ 30,198

Leases

Leases	6 Months Ended
	Jul. 31, 2021
Leases [Abstract]
Lessee, Operating Leases [Text Block]	Leases The Company leases retail stores, office space and equipment under operating leases. As of July 31, 2021, January 30, 2021 and August 1, 2020, right-of-use operating lease assets, which are recorded in operating lease assets in the condensed consolidated balance sheets, totaled $44.1 million, $47.6 million and $44.1 million, respectively, and operating lease liabilities, which are recorded in current portion of operating lease liabilities and operating lease liabilities, totaled $43.6 million, $47.2 million and $43.8 million, respectively. In determining our operating lease assets and operating lease liabilities, we apply an incremental borrowing rate to the minimum lease payments within each lease agreement. GAAP 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 utilize a model consistent with the credit quality of our outstanding debt instruments. Renewal options of five 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 July 31, January 30, August 1, Assets Finance lease assets Property and equipment, net (a) $ 124 $ 247 $ 459 Operating lease assets Operating lease assets 44,098 47,612 44,091 Total leased assets $ 44,222 $ 47,859 $ 44,550 Liabilities Current Finance Current portion of finance lease liabilities $ 356 $ 695 $ 986 Operating Current portion of operating lease liabilities 12,113 13,819 13,758 Noncurrent Finance Finance lease liabilities — — 356 Operating Operating lease liabilities 31,467 33,392 30,051 Total lease liabilities $ 43,936 $ 47,906 $ 45,151 (a) Finance lease assets are recorded net of accumulated amortization of $14.4 million, $14.3 million and $14.1 million as of July 31, 2021, January 30, 2021 and August 1, 2020, respectively. Lease Cost Three Months Ended Six Months Ended (in thousands of dollars) Classification - Condensed Consolidated Statements of Operations July 31, August 1, July 31, August 1, Operating lease cost (a) Rentals $ 5,099 $ 5,639 $ 10,210 $ 11,189 Finance lease cost Amortization of leased assets Depreciation and amortization 62 105 124 211 Interest on lease liabilities Interest and debt expense, net 10 62 24 142 Net lease cost $ 5,171 $ 5,806 $ 10,358 $ 11,542 (a) Includes short term lease costs of $0.5 million and $0.5 million for the three months ended and $0.9 million and $1.0 million for the six months ended July 31, 2021 and August 1, 2020, respectively, and variable lease costs, including contingent rent, of $0.4 million and $0.4 million for the three months ended and $0.7 million and $0.7 million for the six months ended July 31, 2021 and August 1, 2020, respectively. Maturities of Lease Liabilities (in thousands of dollars) Fiscal Year Operating Finance Total 2021 (excluding the six months ended July 31, 2021) $ 7,317 $ 363 $ 7,680 2022 13,017 — 13,017 2023 9,347 — 9,347 2024 4,673 — 4,673 2025 4,013 — 4,013 After 2025 14,138 — 14,138 Total minimum lease payments 52,505 363 52,868 Less amount representing interest (8,925) (7) (8,932) Present value of lease liabilities $ 43,580 $ 356 $ 43,936 Lease Term and Discount Rate July 31, Weighted-average remaining lease term Operating leases 5.9 years Finance leases 0.5 years Weighted-average discount rate Operating leases 6.2 % Finance leases 9.5 % Other Information Six Months Ended (in thousands of dollars) July 31, August 1, Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 8,793 $ 9,387 Operating cash flows from finance leases 24 142 Financing cash flows from finance leases 339 572 Lease assets obtained in exchange for new operating lease liabilities $ 3,815 $ 4,084

Gain on Disposal of Assets

Gain on Disposal of Assets	6 Months Ended
	Jul. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
(Gain) Loss on Disposal of Fixed Assets	(Gain) Loss on Disposal of AssetsDuring the six months ended July 31, 2021, the Company recorded proceeds of $29.3 million primarily from the sale of three store properties, resulting in a gain of $24.7 million that was recorded in (gain) loss on disposal of assets.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jul. 31, 2021
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 and cash equivalents and accounts receivable approximates their carrying values at July 31, 2021 due to the short-term maturities of these instruments. The fair value of the Company’s long-term debt at July 31, 2021 was approximately $438 million. The carrying value of the Company’s long-term debt at July 31, 2021 was $365.9 million. The fair value of the Company’s subordinated debentures at July 31, 2021 was approximately $212 million. The carrying value of the Company’s subordinated debentures at July 31, 2021 was $200.0 million.

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jul. 31, 2021
Segment Reporting [Abstract]
Schedule of Entity Wide Information Percentage of Revenue from External Customers by Product and Segment [Table Text Block]	Three Months Ended Six Months Ended July 31, August 1, July 31, August 1, Retail operations segment Cosmetics 13 % 14 % 14 % 14 % Ladies’ apparel 24 21 23 21 Ladies’ accessories and lingerie 15 16 15 16 Juniors’ and children’s apparel 9 9 10 9 Men’s apparel and accessories 20 20 19 18 Shoes 14 13 14 14 Home and furniture 3 4 3 4 98 97 98 96 Construction segment 2 3 2 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 Construction Consolidated Three Months Ended July 31, 2021 Net sales from external customers $ 1,539,396 $ 30,982 $ 1,570,378 Gross profit 641,240 1,928 643,168 Depreciation and amortization 49,981 62 50,043 Interest and debt expense (income), net 10,782 (11) 10,771 Income before income taxes 239,790 526 240,316 Total assets 3,339,862 43,647 3,383,509 Three Months Ended August 1, 2020 Net sales from external customers $ 893,216 $ 25,828 $ 919,044 Gross profit 277,407 1,790 279,197 Depreciation and amortization 50,784 167 50,951 Interest and debt expense (income), net 12,885 (12) 12,873 (Loss) income before income taxes (33,699) 373 (33,326) Total assets 3,056,320 26,916 3,083,236 Six Months Ended July 31, 2021 Net sales from external customers $ 2,836,132 $ 62,789 $ 2,898,921 Gross profit 1,194,241 3,381 1,197,622 Depreciation and amortization 96,319 132 96,451 Interest and debt expense (income), net 22,332 (26) 22,306 Income before income taxes 442,988 815 443,803 Total assets 3,339,862 43,647 3,383,509 Six Months Ended August 1, 2020 Net sales from external customers $ 1,644,243 $ 61,456 $ 1,705,699 Gross profit 373,441 3,942 377,383 Depreciation and amortization 101,516 336 101,852 Interest and debt expense (income), net 25,176 (33) 25,143 (Loss) income before income taxes (262,366) 895 (261,471) Total assets 3,056,320 26,916 3,083,236
Schedule of Contract Liabilities - Retail [Table Text Block]	Retail (in thousands of dollars) July 31, January 30, August 1, February 1, Contract liabilities $ 59,713 $ 68,021 $ 58,186 $ 75,229
Schedule of AR, Contract Assets and Liabilities - Construction [Table Text Block]	Construction (in thousands of dollars) July 31, January 30, August 1, February 1, Accounts receivable $ 23,374 $ 25,094 $ 19,222 $ 28,522 Costs and estimated earnings in excess of billings on uncompleted contracts 1,426 450 722 2,179 Billings in excess of costs and estimated earnings on uncompleted contracts 5,118 4,685 7,212 5,737

Earnings Per Share Data (Tables

Earnings Per Share Data (Tables)	6 Months Ended
	Jul. 31, 2021
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 (loss) per share for the periods indicated (in thousands, except per share data). Three Months Ended Six Months Ended July 31, August 1, July 31, August 1, Net income (loss) $ 185,656 $ (8,566) $ 343,903 $ (170,541) Weighted average shares of common stock outstanding 21,079 23,174 21,458 23,264 Basic and diluted earnings (loss) per share $ 8.81 $ (0.37) $ 16.03 $ (7.33)

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
	Jul. 31, 2021
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 Six Months Ended July 31, August 1, July 31, August 1, Components of net periodic benefit costs: Service cost $ 1,067 $ 1,090 $ 2,134 $ 2,180 Interest cost 1,438 1,536 2,875 3,072 Net actuarial loss 697 568 1,394 1,137 Net periodic benefit costs $ 3,202 $ 3,194 $ 6,403 $ 6,389

Stock Repurchase Programs Sched

Stock Repurchase Programs Schedule of Repurchase Program Activity (Tables)	6 Months Ended
	Jul. 31, 2021
Schedule of Share Repurchase Program Activity [Abstract]
Schedule of Repurchase Agreements [Table Text Block]	The following is a summary of share repurchase activity under the March 2018 Plan for the periods indicated (in thousands, except per share data): Three Months Ended Six Months Ended July 31, August 1, July 31, August 1, Cost of shares repurchased $ 112,207 $ 14,268 $ 171,021 $ 76,097 Number of shares repurchased 734 587 1,359 1,586 Average price per share $ 152.77 $ 24.31 $ 125.81 $ 47.99

Reclassifications from Accumu_2

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL") (Tables)	6 Months Ended
	Jul. 31, 2021
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 Six Months Ended Affected Line Item in the Statement Where Net Income Is Presented Details about AOCL Components July 31, August 1, July 31, August 1, Defined benefit pension plan items Amortization of actuarial losses $ 697 $ 568 $ 1,394 $ 1,137 Total before tax (1) 169 138 337 276 Income tax expense $ 528 $ 430 $ 1,057 $ 861 Total net of tax _______________________________ (1) This item is included in the computation of net periodic pension cost. See Note 6, Benefit Plans

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 31, 2021
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 Six Months Ended July 31, August 1, July 31, August 1, Beginning balance $ 34,406 $ 30,628 $ 34,935 $ 31,059 Amounts reclassified from AOCL (528) (430) (1,057) (861) Ending balance $ 33,878 $ 30,198 $ 33,878 $ 30,198

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 31, 2021
Leases [Abstract]
Operating and Finance Lease Assets and Liabilities [Table Text Block]	(in thousands of dollars) Classification - Condensed Consolidated Balance Sheets July 31, January 30, August 1, Assets Finance lease assets Property and equipment, net (a) $ 124 $ 247 $ 459 Operating lease assets Operating lease assets 44,098 47,612 44,091 Total leased assets $ 44,222 $ 47,859 $ 44,550 Liabilities Current Finance Current portion of finance lease liabilities $ 356 $ 695 $ 986 Operating Current portion of operating lease liabilities 12,113 13,819 13,758 Noncurrent Finance Finance lease liabilities — — 356 Operating Operating lease liabilities 31,467 33,392 30,051 Total lease liabilities $ 43,936 $ 47,906 $ 45,151
Lease, Cost [Table Text Block]	Lease Cost Three Months Ended Six Months Ended (in thousands of dollars) Classification - Condensed Consolidated Statements of Operations July 31, August 1, July 31, August 1, Operating lease cost (a) Rentals $ 5,099 $ 5,639 $ 10,210 $ 11,189 Finance lease cost Amortization of leased assets Depreciation and amortization 62 105 124 211 Interest on lease liabilities Interest and debt expense, net 10 62 24 142 Net lease cost $ 5,171 $ 5,806 $ 10,358 $ 11,542
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	(in thousands of dollars) Fiscal Year Operating Finance Total 2021 (excluding the six months ended July 31, 2021) $ 7,317 $ 363 $ 7,680 2022 13,017 — 13,017 2023 9,347 — 9,347 2024 4,673 — 4,673 2025 4,013 — 4,013 After 2025 14,138 — 14,138 Total minimum lease payments 52,505 363 52,868 Less amount representing interest (8,925) (7) (8,932) Present value of lease liabilities $ 43,580 $ 356 $ 43,936
Lease Term and Discount Rate [Table Text Block]	July 31, Weighted-average remaining lease term Operating leases 5.9 years Finance leases 0.5 years Weighted-average discount rate Operating leases 6.2 % Finance leases 9.5 %
Cash Flow, Operating Activities, Lessee [Abstract]	Six Months Ended (in thousands of dollars) July 31, August 1, Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 8,793 $ 9,387 Operating cash flows from finance leases 24 142 Financing cash flows from finance leases 339 572 Lease assets obtained in exchange for new operating lease liabilities $ 3,815 $ 4,084

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021USD ($)	Aug. 01, 2020USD ($)	Jul. 31, 2021USD ($)segment	Aug. 01, 2020USD ($)	Jan. 30, 2021USD ($)	Feb. 01, 2020USD ($)
Business Segments
Number of Reportable Segments | segment			2
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Net sales	$ 1,570,378	$ 919,044	$ 2,898,921	$ 1,705,699
Gross profit	643,168	279,197	1,197,622	377,383
Depreciation and amortization	50,043	50,951	96,451	101,852
Interest and debt expense (income), net	10,771	12,873	22,306	25,143
Income (loss) before income taxes	240,316	(33,326)	443,803	(261,471)
Total assets	3,383,509	3,083,236	3,383,509	3,083,236	$ 3,092,515
Contract with Customer, Liability	59,713	58,186	59,713	58,186	68,021	$ 75,229
Contract with Customer, Liability, Revenue Recognized			28,800	29,800
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Accounts Receivable, Construction Segment	23,374	19,222	23,374	19,222	25,094	28,522
Costs and estimated earnings in excess of billings on uncompleted contracts, construction segment	1,426	722	1,426	722	450	2,179
Billings in excess of costs and estimated earnings on uncompleted contracts, construction segment	5,118	7,212	5,118	7,212	4,685	$ 5,737
Revenue Recognized, previously recorded in Billings in excess of costs and estimated earnings, construction segment			4,100	4,700
Revenue, Remaining Performance Obligation, Amount, construction segment	51,800	127,000	$ 51,800	127,000	$ 76,200
Retail operations
Business Segments
Number of Reportable Segments | segment			1
Number of store formats | segment			1
Net sales	1,539,396	893,216	$ 2,836,132	1,644,243
Gross profit	641,240	277,407	1,194,241	373,441
Depreciation and amortization	49,981	50,784	96,319	101,516
Interest and debt expense (income), net	10,782	12,885	22,332	25,176
Income (loss) before income taxes	239,790	(33,699)	442,988	(262,366)
Total assets	$ 3,339,862	$ 3,056,320	$ 3,339,862	$ 3,056,320
Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	98.00%	97.00%	98.00%	96.00%
Construction
Business Segments
Concentration Risk, Percentage	2.00%	3.00%	2.00%	4.00%
Net sales	$ 30,982	$ 25,828	$ 62,789	$ 61,456
Gross profit	1,928	1,790	3,381	3,942
Depreciation and amortization	62	167	132	336
Interest and debt expense (income), net	(11)	(12)	(26)	(33)
Income (loss) before income taxes	526	373	815	895
Total assets	43,647	26,916	43,647	26,916
Intersegment Eliminations [Member]
Business Segments
Net sales	$ 12,300	$ 6,900	$ 16,600	$ 18,300
Cosmetics [Member] | Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	13.00%	14.00%	14.00%	14.00%
Ladies Apparel [Member] | Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	24.00%	21.00%	23.00%	21.00%
Ladies Accessories and Lingerie [Member] | Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	15.00%	16.00%	15.00%	16.00%
Juniors and Children's Apparel [Member] | Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	9.00%	9.00%	10.00%	9.00%
Mens Apparel and Accessories [Member] | Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	20.00%	20.00%	19.00%	18.00%
Shoes [Member] | Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	14.00%	13.00%	14.00%	14.00%
Home and Furniture [Member] | Retail operations | Product Concentration Risk | Revenue, Product and Service Benchmark
Business Segments
Concentration Risk, Percentage	3.00%	4.00%	3.00%	4.00%

Earnings Per Share Data - Sched

Earnings Per Share Data - Schedule (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ 185,656	$ (8,566)	$ 343,903	$ (170,541)
Weighted average shares of common stock outstanding	21,079	23,174	21,458	23,264
Basic and diluted earnings (loss) per share	$ 8.81	$ (0.37)	$ 16.03	$ (7.33)

Earnings Per Share Data - Narra

Earnings Per Share Data - Narrative (Details) - shares	Jul. 31, 2021	Aug. 01, 2020
Earnings Per Share [Abstract]
Total dilutive and potentially dilutive securities outstanding (in shares)	0	0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Jul. 31, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit under the Company's revolving credit facility	$ 20.2

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Retirement Benefits [Abstract]
Employer contributions to pension plan	$ 1,700		$ 3,200
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Year	3,200		3,200
Components of net periodic benefit costs:
Service cost	1,067	$ 1,090	2,134	$ 2,180
Interest cost	1,438	1,536	2,875	3,072
Net actuarial loss	697	568	1,394	1,137
Net periodic benefit costs	$ 3,202	$ 3,194	$ 6,403	$ 6,389

Revolving Credit Agreement (Det

Revolving Credit Agreement (Details) - USD ($)	1 Months Ended		3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2021
Line of Credit Facility [Abstract]
Borrowing capacity	$ 800,000,000	$ 800,000,000
Expansion option	$ 200,000,000	$ 200,000,000
Reference rate	LIBOR
Basis spread on variable rate, condition one	1.75%
Quarterly availability, percentage of commitment fee maximum for condition one	50.00%
Basis spread on variable rate, condition two	1.50%
Quarterly availability, percentage of commitment fee minimum for condition two	50.00%
Commitment fee for unused borrowings, condition one	0.30%
Unused borrowings, percentage of total commitment maximum for condition one	35.00%
Commitment fee for unused borrowings, condition two	0.25%
Unused borrowings, percentage of total commitment minimum for condition two	35.00%
Minimum line of credit availability for no financial covenant requirements			$ 80,000,000
Borrowings outstanding			0
Letters of credit issued			20,200,000
Unutilized credit facility borrowing capacity			$ 716,000,000

Stock Repurchase Programs (Deta

Stock Repurchase Programs (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020	May 15, 2021
Schedule of Share Repurchase Program Activity [Abstract]
Stock Repurchase Program, Authorized Amount	$ 500,000		$ 500,000		$ 500,000
Treasury Stock, Shares, Acquired	734,467	586,851	1,359,360	1,585,593
Cost of shares repurchased	$ 112,207	$ 14,268	$ 171,021	$ 76,097
Average price per share	$ 152.77	$ 24.31	$ 125.81	$ 47.99
Repurchase of common stock remaining authorization	$ 2,100		$ 2,100

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	11 Months Ended
	Jul. 31, 2021	Jul. 31, 2021	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	35.00%
Tax benefit related to carryback provision of the CARES Act	$ 17.4	$ 32.1

Reclassifications from Accumu_3

Reclassifications from Accumulated Other Comprehensive Loss ("AOCL") (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Amount Reclassified from AOCL
Amortization of actuarial losses	$ 697	$ 568	$ 1,394	$ 1,137
Income tax expense	(54,660)	24,760	(99,900)	90,930
Total net of tax	(185,656)	8,566	(343,903)	170,541
Defined benefit pension plan items [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Amount Reclassified from AOCL
Amortization of actuarial losses	697	568	1,394	1,137
Income tax expense	169	138	337	276
Total net of tax	$ 528	$ 430	$ 1,057	$ 861

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Defined Benefit Pension Plan Items
Beginning balance			$ 34,935
Ending balance	$ 33,878	$ 30,198	33,878	$ 30,198
Defined benefit pension plan items [Member]
Defined Benefit Pension Plan Items
Beginning balance	34,406	30,628	34,935	31,059
Amounts reclassified from AOCL	(528)	(430)	(1,057)	(861)
Ending balance	$ 33,878	$ 30,198	$ 33,878	$ 30,198

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 30, 2021	Aug. 01, 2020
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 44,098	$ 47,612	$ 44,091
Operating lease liability	$ 43,580	$ 47,200	$ 43,800
Minimum [Member]
Lessee, Lease, Description [Line Items]
Renewal options	5 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Renewal options	10 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 30, 2021	Aug. 01, 2020
Assets
Finance lease assets	$ 124	$ 247	$ 459
Operating lease assets	44,098	47,612	44,091
Total leased assets	44,222	47,859	44,550
Current
Finance lease liability	356	695	986
Operating lease liability	12,113	13,819	13,758
Noncurrent
Finance lease liability	0	0	356
Operating lease liability	31,467	33,392	30,051
Total lease liabilities	43,936	47,906	45,151
Accumulated amortization, finance leases	$ 14,400	$ 14,300	$ 14,100

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
Finance lease cost
Amortization of leased assets	$ 62	$ 105	$ 124	$ 211
Interest on lease liabilities	10	62	24	142
Net lease cost	5,171	5,806	10,358	11,542
Short-term lease cost	500	500	900	1,000
Variable lease cost	$ 400	$ 400	$ 700	$ 700

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 30, 2021	Aug. 01, 2020
Operating Leases
2021 (excluding the six months ended July 31, 2021)	$ 7,317
2022	13,017
2023	9,347
2024	4,673
2025	4,013
After 2025	14,138
Total minimum lease payments	52,505
Less amount representing interest	(8,925)
Present value of lease liabilities	43,580	$ 47,200	$ 43,800
Finance Leases
2021 (excluding the six months ended July 31, 2021)	363
2022	0
2023	0
2024	0
2025	0
After 2025	0
Total minimum lease payments	363
Less amount representing interest	(7)
Present value of lease liabilities	356
Total
2021 (excluding the six months ended July 31, 2021)	7,680
2022	13,017
2023	9,347
2024	4,673
2025	4,013
After 2025	14,138
Total minimum lease payments	52,868
Less amount representing interest	(8,932)
Present value of lease liabilities	$ 43,936	$ 47,906	$ 45,151

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Details)	Jul. 31, 2021
Weighted-average remaining lease term
Operating leases	5 years 10 months 24 days
Finance leases	6 months
Weighted-average discount rate
Operating leases	6.20%
Finance leases	9.50%

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 8,793	$ 9,387
Operating cash flows from finance leases	24	142
Financing cash flows from finance leases	339	572
Lease assets obtained in exchange for new operating lease liabilities	$ 3,815	$ 4,084

Gain on Disposal of Assets (Det

Gain on Disposal of Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Aug. 01, 2020	Jul. 31, 2021	Aug. 01, 2020
(Gain) Loss on Disposal of Assets
Proceeds from disposal of assets			$ 29,285	$ 308
(Gain) loss on disposal of assets	$ 9	$ (33)	$ 24,682	$ (14)

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 30, 2021	Aug. 01, 2020
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	438,000
Subordinated debentures	212,000
Carrying value
Fair value disclosures
Long-term debt, including current portion	365,900
Subordinated debentures	$ 200,000