Williams-Sonoma (WSM) 10-Q 12 Dec 19 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Nov. 03, 2019	Dec. 01, 2019
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Nov. 3, 2019
Document Transition Report	false
Document Quarterly Report	true
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000719955
Current Fiscal Year End Date	--01-29
Entity Registrant Name	WILLIAMS SONOMA INC
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Trading Symbol	WSM
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		77,467,381
Entity Interactive Data Current	Yes
Entity File Number	001-14077
Entity Tax Identification Number	94-2203880
Entity Address, Address Line One	3250 Van Ness Avenue
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94109
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common Stock
City Area Code	415
Local Phone Number	421-7900
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Net revenues	[1]	$ 1,442,472	$ 1,356,983	$ 4,054,418	$ 3,835,157
Cost of goods sold		924,300	861,999	2,608,054	2,444,067
Gross profit		518,172	494,984	1,446,364	1,391,090
Selling, general and administrative expenses		416,281	400,600	1,184,176	1,155,990
Operating income		101,891	94,384	262,188	235,100
Interest (income) expense, net		2,564	2,288	7,486	5,073
Earnings before income taxes		99,327	92,096	254,702	230,027
Income taxes		24,614	10,631	64,685	51,681
Net earnings		$ 74,713	$ 81,465	$ 190,017	$ 178,346
Basic earnings per share		$ 0.96	$ 1.01	$ 2.43	$ 2.17
Diluted earnings per share		$ 0.94	$ 1	$ 2.39	$ 2.15
Shares used in calculation of earnings per share:
Basic		77,897	80,475	78,356	82,070
Diluted		79,191	81,641	79,465	82,951
[1]	Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $86.2 million and $79.0 million for the thirteen weeks ended November 3, 2019 and October 28, 2018, respectively, and approximately $260.5 million and $239.1 million for the thirty-nine weeks ended November 3, 2019 and October 28, 2018, respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Net earnings	$ 74,713	$ 81,465	$ 190,017	$ 178,346
Other comprehensive income (loss):
Foreign currency translation adjustments	1,783	(1,830)	(2,477)	(5,968)
Change in fair value of derivative financial instruments, net of tax (tax benefit) of $97, $(23), $163 and $378	5	(65)	77	1,064
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax of $187, $43, $221 and $19	(8)	(120)	(235)	(71)
Comprehensive income	$ 76,493	$ 79,450	$ 187,382	$ 173,371

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Change in fair value of derivative financial instruments, tax	$ 97	$ (23)	$ 163	$ 378
Reclassification adjustment for realized losses on derivative financial instruments, tax	$ 187	$ 43	$ 221	$ 19

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019	Oct. 28, 2018
Current assets
Cash and cash equivalents	$ 155,025	$ 338,954	$ 164,414
Accounts receivable, net	110,131	107,102	113,582
Merchandise inventories, net	1,258,541	1,124,992	1,197,554
Prepaid expenses	115,288	101,356	94,071
Other current assets	20,260	21,939	21,805
Total current assets	1,659,245	1,694,343	1,591,426
Property and equipment, net	915,740	929,635	931,361
Operating lease right-of-use assets	1,194,061
Deferred income taxes, net	41,763	44,055	45,999
Goodwill	85,355	85,382	85,649
Other long-term assets, net	67,660	59,429	64,324
Total assets	3,963,824	2,812,844	2,718,759
Current liabilities
Accounts payable	444,279	526,702	487,733
Accrued expenses	140,789	163,559	132,398
Gift card and other deferred revenue	296,157	290,445	275,567
Borrowings under revolving line of credit	100,000		60,000
Income taxes payable	13,182	21,461	9,903
Operating lease liabilities	225,530
Other current liabilities	68,973	72,645	71,119
Total current liabilities	1,288,910	1,074,812	1,036,720
Deferred rent and lease incentives	29,388	201,374	205,143
Long-term debt	299,769	299,620	299,571
Long-term operating lease liabilities	1,127,403
Other long-term liabilities	86,461	81,324	85,388
Total liabilities	2,831,931	1,657,130	1,626,822
Commitments and contingencies – See Note F
Stockholders' equity
Preferred stock: $.01 par value; 7,500 shares authorized; none issued
Common stock: $.01 par value; 253,125 shares authorized; 77,612, 78,813 and 80,282 shares issued and outstanding at November 3, 2019, February 3, 2019 and October 28, 2018, respectively	777	789	803
Additional paid-in capital	594,991	581,900	570,924
Retained earnings	550,774	584,333	532,172
Accumulated other comprehensive loss	(13,708)	(11,073)	(11,757)
Treasury stock, at cost: 14, 2 and 2 shares as of November 3, 2019, February 3, 2019 and October 28, 2018, respectively	(941)	(235)	(205)
Total stockholders' equity	1,131,893	1,155,714	1,091,937
Total liabilities and stockholders' equity	$ 3,963,824	$ 2,812,844	$ 2,718,759

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 03, 2019	Feb. 03, 2019	Oct. 28, 2018
Preferred stock, par value	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	7,500,000	7,500,000	7,500,000
Preferred stock, shares issued	0	0	0
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	253,125,000	253,125,000	253,125,000
Common stock, shares issued	77,612,000	78,813,000	80,282,000
Common stock, shares outstanding	77,612,000	78,813,000	80,282,000
Treasury stock, shares	14,000	2,000	2,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning Balance (in shares) at Jan. 28, 2018			83,726,000
Beginning Balance at Jan. 28, 2018		$ 1,203,566	$ 837	$ 562,814	$ 647,422	$ (6,782)	$ (725)
Net earnings		45,168			45,168
Foreign currency translation adjustments		(1,145)				(1,145)
Change in fair value of derivative financial instruments, net of tax		1,123				1,123
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax		49				49
Conversion/release of stock-based awards, shares	[1]		228,000
Conversion/release of stock-based awards, value	[1]	(7,436)	$ 3	(7,213)			(226)
Repurchases of common stock, shares			(732,000)
Repurchases of common stock, value		(37,713)	$ (7)	(3,437)	(34,269)
Reissuance of treasury stock under stock-based compensation plans				(290)	(358)		648
Stock-based compensation expense		12,811		12,811
Dividends declared		(36,877)			(36,877)
Adoption of accounting pronouncements	[2]	17,688			17,688
Ending Balance (in shares) at Apr. 29, 2018			83,222,000
Ending Balance at Apr. 29, 2018		1,197,234	$ 833	564,685	638,774	(6,755)	(303)
Beginning Balance (in shares) at Jan. 28, 2018			83,726,000
Beginning Balance at Jan. 28, 2018		1,203,566	$ 837	562,814	647,422	(6,782)	(725)
Net earnings		178,346
Foreign currency translation adjustments		(5,968)
Change in fair value of derivative financial instruments, net of tax		1,064
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax		(71)
Ending Balance (in shares) at Oct. 28, 2018			80,282,000
Ending Balance at Oct. 28, 2018		1,091,937	$ 803	570,924	532,172	(11,757)	(205)
Beginning Balance (in shares) at Apr. 29, 2018			83,222,000
Beginning Balance at Apr. 29, 2018		1,197,234	$ 833	564,685	638,774	(6,755)	(303)
Net earnings		51,713			51,713
Foreign currency translation adjustments		(2,993)				(2,993)
Change in fair value of derivative financial instruments, net of tax		6				6
Conversion/release of stock-based awards, shares	[1]		175,000
Conversion/release of stock-based awards, value	[1]	(4,899)	$ 2	(4,869)			(32)
Repurchases of common stock, shares			(2,409,000)
Repurchases of common stock, value		(137,105)	$ (25)	(11,431)	(125,649)
Reissuance of treasury stock under stock-based compensation plans				(72)	(5)		77
Stock-based compensation expense		13,497		13,497
Dividends declared		(36,465)			(36,465)
Ending Balance (in shares) at Jul. 29, 2018			80,988,000
Ending Balance at Jul. 29, 2018		1,080,988	$ 810	561,810	528,368	(9,742)	(258)
Net earnings		81,465			81,465
Foreign currency translation adjustments		(1,830)				(1,830)
Change in fair value of derivative financial instruments, net of tax		(65)				(65)
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax		(120)				(120)
Conversion/release of stock-based awards, shares			37,000
Conversion/release of stock-based awards, value		(1,571)		(1,571)
Repurchases of common stock, shares			(743,000)
Repurchases of common stock, value		(45,403)	$ (7)	(3,604)	(41,792)
Reissuance of treasury stock under stock-based compensation plans				(53)			53
Stock-based compensation expense		14,342		14,342
Dividends declared		(35,869)			(35,869)
Ending Balance (in shares) at Oct. 28, 2018			80,282,000
Ending Balance at Oct. 28, 2018		1,091,937	$ 803	570,924	532,172	(11,757)	(205)
Beginning Balance (in shares) at Feb. 03, 2019			78,813,000
Beginning Balance at Feb. 03, 2019		1,155,714	$ 789	581,900	584,333	(11,073)	(235)
Net earnings		52,656			52,656
Foreign currency translation adjustments		(3,009)				(3,009)
Change in fair value of derivative financial instruments, net of tax		204				204
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax		(67)				(67)
Conversion/release of stock-based awards, shares	[1]		571,000
Conversion/release of stock-based awards, value	[1]	(25,406)	$ 5	(25,298)			(113)
Repurchases of common stock, shares			(576,000)
Repurchases of common stock, value		(33,848)	$ (6)	(2,874)	(30,010)		(958)
Reissuance of treasury stock under stock-based compensation plans	[1]			(332)			332
Stock-based compensation expense		18,376		18,376
Dividends declared		(39,549)			(39,549)
Adoption of accounting pronouncements	[3]	(3,303)			(3,303)
Ending Balance (in shares) at May. 05, 2019			78,808,000
Ending Balance at May. 05, 2019		1,121,768	$ 788	571,772	564,127	(13,945)	(974)
Beginning Balance (in shares) at Feb. 03, 2019			78,813,000
Beginning Balance at Feb. 03, 2019		1,155,714	$ 789	581,900	584,333	(11,073)	(235)
Net earnings		190,017
Foreign currency translation adjustments		(2,477)
Change in fair value of derivative financial instruments, net of tax		77
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax		(235)
Ending Balance (in shares) at Nov. 03, 2019			77,612,000
Ending Balance at Nov. 03, 2019		1,131,893	$ 777	594,991	550,774	(13,708)	(941)
Beginning Balance (in shares) at May. 05, 2019			78,808,000
Beginning Balance at May. 05, 2019		1,121,768	$ 788	571,772	564,127	(13,945)	(974)
Net earnings		62,648			62,648
Foreign currency translation adjustments		(1,251)				(1,251)
Change in fair value of derivative financial instruments, net of tax		(132)				(132)
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax		(160)				(160)
Conversion/release of stock-based awards, shares	[1]		31,000
Conversion/release of stock-based awards, value	[1]	(481)	$ 1	(482)
Repurchases of common stock, shares			(636,000)
Repurchases of common stock, value		(38,283)	$ (6)	(3,170)	(35,107)
Stock-based compensation expense		16,708		16,708
Dividends declared		(39,214)			(39,214)
Ending Balance (in shares) at Aug. 04, 2019			78,203,000
Ending Balance at Aug. 04, 2019		1,121,603	$ 783	584,828	552,454	(15,488)	(974)
Net earnings		74,713			74,713
Foreign currency translation adjustments		1,783				1,783
Change in fair value of derivative financial instruments, net of tax		5				5
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax		(8)				(8)
Conversion/release of stock-based awards, shares	[1]		19,000
Conversion/release of stock-based awards, value	[1]	(736)		(715)			(21)
Repurchases of common stock, shares			(610,000)
Repurchases of common stock, value		(40,583)	$ (6)	(3,068)	(37,509)
Reissuance of treasury stock under stock-based compensation plans				(54)			54
Stock-based compensation expense		14,000		14,000
Dividends declared		(38,884)			(38,884)
Ending Balance (in shares) at Nov. 03, 2019			77,612,000
Ending Balance at Nov. 03, 2019		$ 1,131,893	$ 777	$ 594,991	$ 550,774	$ (13,708)	$ (941)
[1]	Amounts are shown net of shares withheld for employee taxes.
[2]	Primarily relates to our adoption of ASU 2014-09, Revenue from Contracts with Customers, in fiscal 2018.
[3]	Relates to our adoption of ASU 2016-02, Leases, in fiscal 2019. See Note A.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018
Cash flows from operating activities:
Net earnings	$ 190,017	$ 178,346
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	140,495	141,167
Loss on disposal/impairment of assets	682	5,290
Amortization of deferred lease incentives	(5,985)	(19,728)
Non-cash lease expense	160,138
Deferred income taxes	(10,937)	12,170
Tax benefit related to stock-based awards	13,648	10,361
Stock-based compensation expense	49,516	40,953
Other	14	(389)
Changes in:
Accounts receivable	(2,842)	(21,851)
Merchandise inventories	(133,637)	(143,723)
Prepaid expenses and other assets	(24,157)	(50,171)
Accounts payable	(92,101)	8,689
Accrued expenses and other liabilities	(24,148)	19,002
Gift card and other deferred revenue	5,848	24,048
Deferred rent and lease incentives		23,695
Operating lease liabilities	(168,308)
Income taxes payable	(8,293)	(48,358)
Net cash provided by operating activities	89,950	179,501
Cash flows from investing activities:
Purchases of property and equipment	(121,154)	(128,326)
Other	470	1,804
Net cash used in investing activities	(120,684)	(126,522)
Cash flows from financing activities:
Payment of dividends	(113,159)	(105,654)
Repurchases of common stock	(112,714)	(220,221)
Borrowings under revolving line of credit	100,000	60,000
Tax withholdings related to stock-based awards	(26,623)	(13,906)
Net cash used in financing activities	(152,496)	(279,781)
Effect of exchange rates on cash and cash equivalents	(699)	1,080
Net decrease in cash and cash equivalents	(183,929)	(225,722)
Cash and cash equivalents at beginning of period	338,954	390,136
Cash and cash equivalents at end of period	$ 155,025	$ 164,414

FINANCIAL STATEMENTS - BASIS OF

FINANCIAL STATEMENTS - BASIS OF PRESENTATION	9 Months Ended
	Nov. 03, 2019
FINANCIAL STATEMENTS - BASIS OF PRESENTATION	NOTE A. FINANCIAL STATEMENTS - BASIS OF PRESENTATION These financial statements include Williams-Sonoma, Inc. and its wholly owned subsidiaries (“we,” “us” or “our”). The Condensed Consolidated Balance Sheets as of November 3, 2019 and October 28, 2018, the Condensed Consolidated Statements of Earnings, the Condensed Consolidated Statements of Comprehensive Income, and the Condensed Consolidated Statements of Stockholders’ Equity for the thirteen weeks and thirty-nine weeks then ended and the Condensed Consolidated Statements of Cash Flows for the thirty-nine weeks then ended, have been prepared by us, without audit. In our opinion, the financial statements include all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at the balance sheet dates and the results of operations for the thirteen and thirty-nine weeks then ended. Intercompany transactions and accounts have been eliminated. The balance sheet as of February 3, 2019, presented herein, has been derived from our audited Consolidated Balance Sheet included in our Annual Report on Form 10-K The results of operations for the thirteen and thirty-nine weeks ended November 3, 2019 are not necessarily indicative of the operating results of the full year. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted. These financial statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases right-of-use right-of-use non-lease right-of-use In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (Topic 815), non-financial In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. internal-use 350-40

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS	9 Months Ended
	Nov. 03, 2019
BORROWING ARRANGEMENTS	NOTE B. BORR O Credit Facility We have a credit facility, which provides for a $500,000,000 unsecured revolving line of cr e During the third quarter of under the revolver. For year-to-date fiscal 2019, we had borrowings of $100,000,000 year-to-date third year-to-date of $60,000,000 (at a year-to-date weighted average interest rate of 3.28%) As of November 3, 2019, we had $300,000,000 outstanding under our term loan (at a year-to-date The interest rates under the credit facility are variable, and may be elected by us as: (i) the London Interbank Offer Rate plus an applicable margin based on our leverage ratio ranging from 0.91% to 1.775% for a revolver borrowing, and 1.0% to 2.0% for the term loan; or (ii) a base rate as defined in the credit facility plus an applicable margin ranging from 0% to 0.775% for a revolver borrowing, and 0% to 1.0% for the term loan. As of November 3, 2019, we were in compliance with our financial covenants under the credit facility and, based on current projections, we expect to remain in compliance throughout the next 12 months. Letter of Credit Facilities We have three unsecured letter of credit reimbursement facilities for a total of $70,000,000 , each of which matures on August 23, 2020

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Nov. 03, 2019
STOCK-BASED COMPENSATION	NOTE C. STOCK-BASED COMPENSATION Equity Award Programs Our Amended and Restated 2001 Long-Term Incentive Plan (the “Plan”) provides for grants of incentive stock options, nonqualified stock options, stock-settled stock appreciation rights (collectively, “option awards”), restricted stock awards, restricted stock units (including those that are performance-based), deferred stock awards (collectively, “stock awards”) and dividend equivalents up to an aggregate of 36,570,000 shares. As of November 3, 2019, there were approximately 5,367,000 shares available for future grant. Awards may be granted under the Plan to our officers, employees and non-employee Option Awards Annual grants of option awards are limited to 1,000,000 shares on a per person basis and have a maximum term of seven years. The exercise price of these option awards must not be less than 100% of the closing price of our stock on the trading , Stock Awards Annual grants of stock awards are limited to 1,000,000 shares on a per person basis. Stock awards granted to employees generally vest evenly over a period of four years for service-based awards. Certain performance-based awards, which have variable payout conditions based on predetermined financial targets, generally vest three years from the date of grant. Certain stock awards and other agreements contain vesting acceleration clauses which are triggered upon certain events including, but not limited to, retirement, or a merger or similar corporate event. Stock awards granted to non-employee Non-employee non-employee Stock-Based Compe n During the thirteen and thirty-nine weeks ended November 3, 2019, we recognized total stock-based compensation expense, as a component of selling, general and administrative expenses, of $14,115,000 and $49,516,000, respectively. During the thirteen and thirty-nine weeks ended October 28, 2018, we recognized total stock-based compensation expense, as a component of selling, general and administrative expenses, of $14,427,000 and $40,953,000, respectively. Restricted Stock Units The following table summarizes o Shares Balance at February 3, 2019 3,012,923 Granted 1,036,010 Granted, with vesting subject to performance conditions 238,786 Released 1 (985,540 ) Cancelled (347,205 ) Balance at November 3, 2019 2,954,974 Vested plus expected to vest at November 3, 2019 3,115,488 1 105,436 incremental shares released due to achievement of performance conditions above target.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Nov. 03, 2019
EARNINGS PER SHARE	NOTE D. EARNINGS PER SHARE Basic earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding and common stock equivalents outstanding for the period. Common stock equivalents consist of shares subject to stock-based awards with exercise prices less than or equal to the average market price of our common stock for the period, to the extent their inclusion would be dilutive. The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations: In thousands, except per share amounts Net Earnings Weighted Average Shares Earnings Per Share Thirteen weeks ended November 3, 2019 Basic $ 74,713 77,897 $ 0.96 Effect of dilutive stock-based awards 1,294 Diluted $ 74,713 79,191 $ 0.94 Thirteen weeks ended October 28, 2018 Basic $ 81,465 80,475 $ 1.01 Effect of dilutive stock-based awards 1,166 Diluted $ 81,465 81,641 $ 1.00 Thirty-nine weeks ended November 3, 2019 Basic $ 190,017 78,356 $ 2.43 Effect of dilutive stock-based awards 1,109 Diluted $ 190,017 79,465 $ 2.39 Thirty-nine weeks ended October 28, 2018 Basic $ 178,346 82,070 $ 2.17 Effect of dilutive stock-based awards 881 Diluted $ 178,346 82,951 $ 2.15 Stock-based awards of 2,000 and 28,000 were excluded from the computation of diluted earnings per share for the thirteen and thirty-nine weeks ended November 3, 2019, respectively, a s .

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Nov. 03, 2019
SEGMENT REPORTING	NOTE E. SEGMENT REP O We identify our operating segments according to how our business activities are managed and evaluated. Prior to fiscal 2019, we managed e-commerce e-commerce e-commerce Beginning in fiscal 2019, due to the convergence of our e-commerce e-commerce The following table summarizes our net revenues by brand for the thirteen and thirty-nine weeks ended November 3, 2019 and October 28, 2018. We have updated fiscal 2018 results to conform with the current year presentation . Thirteen Weeks Ended Thirty-nine Weeks Ended In thousands November 3, 2019 October 28, 2018 November 3, 2019 October 28, 2018 Pottery Barn $ 556,985 $ 533,469 $ 1,573,958 $ 1,530,300 West Elm 390,341 339,099 1,057,398 913,662 Williams Sonoma 205,493 203,936 591,761 600,092 Pottery Barn Kids and Teen 228,051 227,331 632,950 621,534 Other 1 61,602 53,148 198,351 169,569 Total 2 $ 1,442,472 $ 1,356,983 $ 4,054,418 $ 3,835,157 1 Primarily consists of net revenues from our international franchise operations, Rejuvenation and Mark and Graham 2 Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $86.2 million and $79.0 million for the thirteen weeks ended November 3, 2019 and October 28, 2018, respectively, and approximately $260.5 million and $239.1 million for the thirty-nine weeks ended November 3, 2019 and October 28, 2018, respectively. Long-lived assets by geographic location are as follows: In thousands November 3, 2019 October 28, 2018 U.S. $ 2,140,505 $ 1,076,367 International 164,074 50,966 Total $ 2,304,579 $ 1,127,333

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Nov. 03, 2019
COMMITMENTS AND CONTINGENCIES	NOTE F. COMMITMENTS AND CONTINGENCIES We are involved in lawsuits, claims and proceedings incident to the ordinary course of our business. These disputes, which are not currently material, are increasing in number as our business expands and our company grows. We review the need for any loss contingency reserves and establish reserves when, in the opinion of management, it is probable that a matter would result in liability, and the amount of loss, if any, can be reasonably estimated. In view of the inherent difficulty of predicting the outcome of these matters, it may not be possible to determine whether any loss is probable or to reasonably estimate the amount of the loss until the case is close to resolution, in which case no reserve is established until that time. Any claims against us, whether meritorious or not, could result in costly litigation, require significant amounts of management time and result in the diversion of significant operational resources. The results of these lawsuits, claims and proceedings cannot be predicted with certainty. However, we believe that the ultimate resolution of these current matters will not have a material adverse effect on our Condensed Consolidated Financial Statements taken as a whole.

STOCK REPURCHASE PROGRAM AND DI

STOCK REPURCHASE PROGRAM AND DIVIDENDS	9 Months Ended
	Nov. 03, 2019
STOCK REPURCHASE PROGRAM AND DIVIDENDS	NOTE G. STOCK REPURCHASE PR O Stock Repurchase Program During the thirteen weeks ended November 3, 2019, we repurchased 610,349 shares of our common stock at an average cost of $66.49 per share for a total cost of approximately $40,583,000. During the thirty-nine weeks ended November 3, 2019, we repurchased 1,838,971 shares of our common stock at an average cost of $61.29 per share for a total cost of approximately $112,714,000. As of November 3, 2019, there was $611,101,000 remaining under our current stock repurchase program. As of November 3, 2019 and 28, and $205,000, respectively, that represents the cost of shares available for issuance that are intended to satisfy future stock-based award settlements in certain foreign jurisdictions. During the thirteen weeks ended October 28, 2018, we repurchased 742,508 shares of our common stock at an average cost of $61.15 per share for a total cost of approximately $45,403,000. During the thirty-nine weeks ended October 28, 2018, we repurchased 3,883,875 shares of our common stock at an average cost of $56.70 per share for a total cost of approximately $ 220,221,000 Stock repurchases under our program may be made through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, capital availability and other market conditions. Dividends We declared cash dividends of $0.48 and $0.43 per common share during the thirteen weeks ended November 3, 2019 and October 28, 2018, respectively. We declared cash dividends of $1.44 and $1.29 per common share during the thirty-nine weeks ended November 3, 2019 and October 28, 2018, respectively. Our quarterly cash dividend may be limited or terminated at any time.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Nov. 03, 2019
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE H. DERIVATIVE FINANCIAL INSTRUMENTS We have businesses in Canada, Australia and the United Kingdom, and operations throughout Asia and Europe, which expose us to market risk associated with foreign currency exchange rate fluctuations. Substantially all of our purchases and sales are denominated in U.S. dollars, which limits our exposure to this risk. However, some of our foreign operations have a functional currency other than the U.S. dollar. To mitigate this risk, we hedge a portion of our foreign currency exposure with foreign currency forward contracts in accordance with our risk management policies. We do not enter into such contracts for speculative purposes. The assets or liabilities associated with these derivative financial instruments are measured at fair value and recorded in either other current or long-term assets or other current or long-term liabilities. As discussed below, the accounting for gains and losses resulting from changes in fair value depends on whether the derivative financial instrument is designated as a hedge and qualifies for hedge accounting in accordance with Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging Cash Flow Hedges We enter into foreign currency forward contracts designated as cash flow hedges (to sell Canadian dollars and purchase U.S. dollars) for forecasted inventory purchases in U.S. dollars by our Canadian subsidiary. These hedges have terms of up to 18 months. All hedging relationships are formally documented, and the forward contracts are designed to mitigate foreign currency exchange risk on hedged transactions. We record the effective portion of changes in the fair value of our cash flow hedges in other comprehensive income (“OCI”) until the earlier of when the hedged forecasted inventory purchase occurs or the respective contract reaches maturity. Subsequently, as the inventory is sold to the customer, we reclassify amounts previously recorded in OCI to cost of goods sold. Changes in the fair value of the forward contract related to interest charges (or forward points) are excluded from the assessment and measurement of hedge effectiveness and are recorded in cost of goods sold. Based on the rates in effect as of November 3, 2019, we expect to reclassify a net pre-tax We also enter into non-designated As of November 3, 2019 and October 28, 2018, we had foreign currency forward contracts outstanding (in U.S. dollars) with notional values as follows: In thousands November 3, 2019 October 28, 2018 Contracts designated as cash flow hedges $ 19,700 $ 13,300 Contracts not designated as cash flow hedges $ — $ 5,200 Hedge effectiveness is evaluated prospectively at inception, on an ongoing basis, as well as retrospectively using regression analysis. Any measurable ineffectiveness of the hedge is recorded in selling, general and administrative expenses. No gain or loss was recognized for cash flow hedges due to hedge ineffectiveness and all hedges were deemed effective for assessment purposes for the thirteen and thirty-nine weeks ended November 3, 2019 and October 28, 2018. The effect of derivative instruments in our Condensed Consolidated Financial Statements during the thirteen and thirty-nine weeks ended November 3, 2019 and October 28, 2018, pre-tax, Thirteen Weeks Ended Thirty-nine Weeks Ended November 3, 2019 October 28, 2018 November 3, 2019 October 28, 2018 In thousands Cost of goods sold Selling, general and administrative expenses Cost of goods sold Selling, general and administrative expenses Cost of goods sold Selling, general and administrative expenses Cost of goods sold Selling, general and administrative expenses Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded $ 924,300 $ 416,281 $ 861,999 $ 400,600 $ 2,608,054 $ 1,184,176 $ 2,444,067 $ 1,155,990 Gain (loss) recognized in income Derivatives designated as cash flow hedges $ 204 $ — $ 163 $ 16 $ 499 $ — $ 90 $ 49 Derivatives not designated as hedging instruments $ — $ 6 $ — $ 105 $ — $ 24 $ — $ 4,048 The fair values of our derivative financial instruments are presented below according to their classification in our Condensed Consolidated Balance Sheets. All fair values were measured using Level 2 inputs as defined by the fair value hierarchy described in Note I. In thousands November 3, 2019 October 28, 2018 Derivatives designated as cash flow hedges: Other current assets $ 132 $ 504 Derivatives not designated as hedging instruments: Other current assets $ — $ 118 We record all derivative assets and liabilities on a gross basis. They do not meet the balance sheet netting criteria as discussed in ASC 210, Balance Sheet

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Nov. 03, 2019
FAIR VALUE MEASUREMENTS	N O Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We determine the fair value of financial and non-financial Fair Value Measurement • Level 1: inputs which include quoted prices in active markets for identical assets or liabilities; • Level 2: inputs which include observable inputs other than Level 1 inputs, such as quoted prices in active markets for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability; and • Level 3: inputs which include unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the underlying asset or liability. The fair values of our cash and cash equivalents are based on Level 1 inputs, which include quoted prices in active markets for identical assets. Long-term Debt As of November 3, 2019, the fair value of our long-term debt approximates its carrying value and is based on observable Level 2 inputs, primarily market interest rates for instruments with similar maturities. Foreign Currency Derivatives and Hedging Instruments We use the income approach to value our derivatives using observable Level 2 market data at the measurement date and standard valuation techniques to convert future amounts to a single present value amount, assuming that participants are motivated but not compelled to transact. Level 2 inputs are limited to quoted prices that are observable for the assets and liabilities, which include interest rates and credit risk ratings. We use mid-market The counterparties associated with our foreign currency forward contracts are large credit-worthy financial institutions, and the derivatives transacted with these entities are relatively short in duration, therefore, we do not consider counterparty concentration and non-performance Long-lived Assets We review the carrying value of all long-lived assets for impairment, primarily at an individual store level, whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. We measure property and equipment at fair value on a nonrecurring basis using Level 3 inputs as defined in the fair value hierarchy. We measure right-of-use There were no transfers between Level 1, 2 or 3 categories during the thirteen and thirty-nine weeks ended November 3, 2019 or October 28, 2018.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	9 Months Ended
	Nov. 03, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE J. ACCUMULATED OTHER COMPREHENSIVE INCOME Changes in accum u In thousands Foreign Currency Translation Cash Flow Hedges Accumulated Other Comprehensive Income (Loss) Balance at February 3, 2019 $ (11,259 ) $ 186 $ (11,073 ) Foreign currency translation adjustments (3,009 ) — (3,009 ) Change in fair value of derivative financial instruments — 204 204 Reclassification adjustment for realized (gain) loss on derivative financial instruments — (67 ) (67 ) Other comprehensive income (loss) (3,009 ) 137 (2,872 ) Balance at May 5, 2019 (14,268 ) 323 (13,945 ) Foreign currency translation adjustments (1,251 ) — (1,251 ) Change in fair value of derivative financial instruments — (132 ) (132 ) Reclassification adjustment for realized (gain) loss on derivative financial instruments — (160 ) (160 ) Other comprehensive income (loss) (1,251 ) (292 ) (1,543 ) Balance at August 4, 2019 (15,519 ) 31 (15,488 ) Foreign currency translation adjustments 1,783 — 1,783 Change in fair value of derivative financial instruments — 5 5 Reclassification adjustment for realized (gain) loss on derivative financial instruments — (8 ) (8 ) Other comprehensive income (loss) 1,783 (3 ) 1,780 Balance at November 3, 2019 $ (13,736 ) $ 28 $ (13,708 ) Balance at January 28, 2018 $ (6,227 ) $ (555 ) $ (6,782 ) Foreign currency translation adjustments (1,145 ) — (1,145 ) Change in fair value of derivative financial instruments — 1,123 1,123 Reclassification adjustment for realized (gain) loss on derivative financial instruments — 49 49 Other comprehensive income (loss) (1,145 ) 1,172 27 Balance at April 29, 2018 (7,372 ) 617 (6,755 ) Foreign currency translation adjustments (2,993 ) — (2,993 ) Change in fair value of derivative financial instruments — 6 6 Other comprehensive income (loss) (2,993 ) 6 (2,987 ) Balance at July 29, 2018 (10,365 ) 623 (9,742 ) Foreign currency translation adjustments (1,830 ) — (1,830 ) Change in fair value of derivative financial instruments — (65 ) (65 ) Reclassification adjustment for realized (gain) loss on derivative financial instruments — (120 ) (120 ) Other comprehensive income (loss) (1,830 ) (185 ) (2,015 ) Balance at October 28, 2018 $ (12,195 ) $ 438 $ (11,757 )

ACQUISITION OF OUTWARD, INC.

ACQUISITION OF OUTWARD, INC.	9 Months Ended
	Nov. 03, 2019
ACQUISITION OF OUTWARD, INC	NOTE K. ACQUISITION OF OUTWARD, INC. On December 1, 2017, we acquired Outward, Inc., a 3-D pre-existing The purchase consideration has been allocated based on estimates of the fair value of identifiable assets acquired and liabilities assumed, as set forth in the table below. Working capital and other assets $ 718,000 Property and equipment, net 2,049,000 Intangible assets 18,300,000 Liabilities (6,886,000 ) Total identifiable net assets acquired $ 14,181,000 Goodwill 66,631,000 Total purchase consideration $ 80,812,000 Intangible assets acquired primarily represent 3-D Outward, Inc. is a wholly-owned subsidiary of Williams-Sonoma, Inc. Results of operations for Outward have been included in our Condensed Consolidated Financial Statements from the acquisition date.

REVENUE

REVENUE	9 Months Ended
	Nov. 03, 2019
REVENUE	NOTE L. REVENUE The majority of our revenues are generated from sales of merchandise to our customers through our e-commerce co-branded We recognize revenue as control of promised goods or services are transferred to our customers. We record a liability at each period end where we have an obligation to transfer goods or services for which we have received consideration or have a right to consideration. We exclude from revenue any taxes assessed by governmental authorities, including value-added and other sales-related taxes, that are imposed on and are concurrent with revenue-generating activities. Our payment terms are primarily at the point of sale for merchandise sales and for most services. See Note E for a discussion of our net revenues by operating segment. Merchandise Sales Revenues from the sale of our merchandise through our e-commerce Revenue from the sale of merchandise is reported net of sales returns. We estimate future returns based on historical return trends together with current product sales performance. As of November 3, Stored-value Cards We issue stored-value cards that may be redeemed on future merchandise purchases. Our stored-value cards have no expiration dates. Revenue from stored-value cards is recognized at a point in time upon redemption of the card and as control of the merchandise is transferred to the customer. Revenue from estimated unredeemed stored-value cards (“breakage”) is recognized in a manner consistent with our historical redemption patterns over the estimated period of redemption of our cards of approximately four years, the majority of which is recognized within one year of the card issuance. Breakage revenue is not material to our Condensed Consolidated Financial Statements. Credit Card Incentives We enter into agreements with credit card issuers in connection with our private label and co-branded Customer Loyalty Programs We have customer loyalty programs which allow members to earn points for each qualifying purchase. Points earned enable members to receive certificates that may be redeemed on future merchandise purchases. This customer option is a material right and, accordingly, represents a separate performance obligation to the customer. The allocated consideration for the points earned by our loyalty program members is deferred based on the standalone selling price of the points and recorded within gift card and other deferred revenue within our Condensed Consolidated Balance Sheet. The measurement of standalone selling prices takes into consideration the discount the customer would receive in a separate transaction for the delivered item, as well as our estimate of certificates expected to be redeemed, based on historical redemption patterns. This measurement is applied to our portfolio of performance obligations for points earned, as all obligations have similar economic characteristics. We believe the impact to our Condensed Consolidated Financial Statements would not be materially different if this measurement was applied to each individual performance obligation. Revenue is recognized for these performance obligations at a point in time when certificates are redeemed by the customer. These obligations relate to contracts with terms of Deferred Revenue We defer revenue when cash payments are received in advance of satisfying performance obligations, primarily associated with our stored-value cards, merchandise sales, and incentives received from credit card issuers. As of November 3, 2019, we held approximately

LEASES

LEASES	9 Months Ended
	Nov. 03, 2019
Leases [Abstract]
LEASES	NOTE M. LEASES We lease store locations, distribution and manufacturing facilities, corporate facilities, customer care centers and certain equipment for our U.S. and foreign operations with initial terms generally ranging from 2 22 The rental payments for our store leases are typically structured as either: minimum rent; minimum rate with stated increases or increases based on a future index; rent based on a percentage of store sales; or rent based on a percentage of store sales if a specified store sales threshold or contractual obligation of the landlord has not been met. We consider lease payments that cannot be predicted with reasonable certainty upon lease commencement to be variable lease payments, which are recorded as incurred each period and are excluded from our calculation of lease liabilities. Our variable lease payments include: rent payments that are based on a percentage of sales; contingent payments until the resolution of the contingency is reasonably certain; and rent increases based on a future index. Many of our leases contain renewal options and early termination options. The option periods are generally not included in the lease term used to measure our lease liabilities and right-of-use right-of-use Discount Rate Our leases do not provide information about the rate implicit in the lease. Therefore, we utilized an incremental borrowing rate to calculate the present value of our future lease obligations. The incremental borrowing rate represents the rate of interest we would have to pay on a collateralized borrowing, for an amount equal to the lease payments, over a similar term and in a similar economic environment. The components of lease costs for the thirteen and thirty-nine weeks ended November 3, 2019 are as follows: In thousands Thirteen weeks ended November 3, 2019 Thirty-nine weeks ended November 3, 2019 Operating lease costs $ 68,909 $ 200,020 Variable lease costs 5,816 15,579 Total lease costs $ 74,725 $ 215,599 Sublease income and short-term lease costs were not material to us for the thirteen and thirty-nine weeks ended November 3 ,2019. Supplemental cash flow information related to our leases for the thirteen and thirty-nine weeks ended November 3, 2019 is In thousands Thirteen weeks ended November 3, 2019 Thirty-nine weeks ended November 3, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 71,136 $ 212,530 Net additions to right-of-use 38,311 120,704 As of November 3, 2019, additional information related to our leases is as follows: Weighted average remaining lease term (years) 7.43 Weighted average incremental borrowing rate 3.72 % As of November 3, 2019, the future minimum lease payments under our operating lease liabilities are as follows: In thousands Remaining fiscal 2019 $ 66,826 Fiscal 2020 273,977 Fiscal 2021 240,772 Fiscal 2022 207,974 Fiscal 2023 174,827 Fiscal 2024 151,029 Fiscal 2025 and thereafter 453,319 Total lease payments 1,568,724 Less interest (215,791 ) Total operating lease liabilities 1,352,933 Less current operating lease liabilities (225,530 ) Total non-current $ 1,127,403 As previously disclosed in our 2018 Annual Report on Form 10-K non-cancellable In thousands Fiscal 2019 $ 292,387 Fiscal 2020 262,429 Fiscal 2021 225,755 Fiscal 2022 190,263 Fiscal 2023 160,308 Thereafter 559,802 Total $ 1,690,944 Memphis-Based Distribution Facility In fiscal 2015, we entered into an agreement with a partnership comprised of the estate of W. Howard Lester, our former Chairman of the Board and Chief Executive Officer, and the estate of James A. McMahan, a former Director Emeritus and significant stockholder and two unrelated parties to lease a distribution facility in Memphis, Tennessee through July 2017. I one-year

FINANCIAL STATEMENTS - BASIS _2

FINANCIAL STATEMENTS - BASIS OF PRESENTATION (Policies)	9 Months Ended
	Nov. 03, 2019
New Accounting Pronouncements	New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases right-of-use right-of-use non-lease right-of-use In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (Topic 815), non-financial In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. internal-use 350-40

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Nov. 03, 2019
Summary of Restricted Stock Units Activity	The following table summarizes o Shares Balance at February 3, 2019 3,012,923 Granted 1,036,010 Granted, with vesting subject to performance conditions 238,786 Released 1 (985,540 ) Cancelled (347,205 ) Balance at November 3, 2019 2,954,974 Vested plus expected to vest at November 3, 2019 3,115,488 1 105,436 incremental shares released due to achievement of performance conditions above target.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Nov. 03, 2019
Reconciliation of Net Earnings and Number of Shares Used In Basic and Diluted Earnings per Share Computations	The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations: In thousands, except per share amounts Net Earnings Weighted Average Shares Earnings Per Share Thirteen weeks ended November 3, 2019 Basic $ 74,713 77,897 $ 0.96 Effect of dilutive stock-based awards 1,294 Diluted $ 74,713 79,191 $ 0.94 Thirteen weeks ended October 28, 2018 Basic $ 81,465 80,475 $ 1.01 Effect of dilutive stock-based awards 1,166 Diluted $ 81,465 81,641 $ 1.00 Thirty-nine weeks ended November 3, 2019 Basic $ 190,017 78,356 $ 2.43 Effect of dilutive stock-based awards 1,109 Diluted $ 190,017 79,465 $ 2.39 Thirty-nine weeks ended October 28, 2018 Basic $ 178,346 82,070 $ 2.17 Effect of dilutive stock-based awards 881 Diluted $ 178,346 82,951 $ 2.15

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Nov. 03, 2019
Segment Information	The following table summarizes our net revenues by brand for the thirteen and thirty-nine weeks ended November 3, 2019 and October 28, 2018. We have updated fiscal 2018 results to conform with the current year presentation . Thirteen Weeks Ended Thirty-nine Weeks Ended In thousands November 3, 2019 October 28, 2018 November 3, 2019 October 28, 2018 Pottery Barn $ 556,985 $ 533,469 $ 1,573,958 $ 1,530,300 West Elm 390,341 339,099 1,057,398 913,662 Williams Sonoma 205,493 203,936 591,761 600,092 Pottery Barn Kids and Teen 228,051 227,331 632,950 621,534 Other 1 61,602 53,148 198,351 169,569 Total 2 $ 1,442,472 $ 1,356,983 $ 4,054,418 $ 3,835,157 1 Primarily consists of net revenues from our international franchise operations, Rejuvenation and Mark and Graham 2 Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $86.2 million and $79.0 million for the thirteen weeks ended November 3, 2019 and October 28, 2018, respectively, and approximately $260.5 million and $239.1 million for the thirty-nine weeks ended November 3, 2019 and October 28, 2018, respectively.
Summary of Long-lived Assets by Geographic Areas	Long-lived assets by geographic location are as follows: In thousands November 3, 2019 October 28, 2018 U.S. $ 2,140,505 $ 1,076,367 International 164,074 50,966 Total $ 2,304,579 $ 1,127,333

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Nov. 03, 2019
Foreign Currency Forward Contracts Outstanding with Notional Values	As of November 3, 2019 and October 28, 2018, we had foreign currency forward contracts outstanding (in U.S. dollars) with notional values as follows: In thousands November 3, 2019 October 28, 2018 Contracts designated as cash flow hedges $ 19,700 $ 13,300 Contracts not designated as cash flow hedges $ — $ 5,200
Effect of Derivative Instruments in Consolidated Financial Statements	The effect of derivative instruments in our Condensed Consolidated Financial Statements during the thirteen and thirty-nine weeks ended November 3, 2019 and October 28, 2018, pre-tax, Thirteen Weeks Ended Thirty-nine Weeks Ended November 3, 2019 October 28, 2018 November 3, 2019 October 28, 2018 In thousands Cost of goods sold Selling, general and administrative expenses Cost of goods sold Selling, general and administrative expenses Cost of goods sold Selling, general and administrative expenses Cost of goods sold Selling, general and administrative expenses Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded $ 924,300 $ 416,281 $ 861,999 $ 400,600 $ 2,608,054 $ 1,184,176 $ 2,444,067 $ 1,155,990 Gain (loss) recognized in income Derivatives designated as cash flow hedges $ 204 $ — $ 163 $ 16 $ 499 $ — $ 90 $ 49 Derivatives not designated as hedging instruments $ — $ 6 $ — $ 105 $ — $ 24 $ — $ 4,048
Fair Values of Derivative Instruments	The fair values of our derivative financial instruments are presented below according to their classification in our Condensed Consolidated Balance Sheets. All fair values were measured using Level 2 inputs as defined by the fair value hierarchy described in Note I. In thousands November 3, 2019 October 28, 2018 Derivatives designated as cash flow hedges: Other current assets $ 132 $ 504 Derivatives not designated as hedging instruments: Other current assets $ — $ 118

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Nov. 03, 2019
Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax	Changes in accum u In thousands Foreign Currency Translation Cash Flow Hedges Accumulated Other Comprehensive Income (Loss) Balance at February 3, 2019 $ (11,259 ) $ 186 $ (11,073 ) Foreign currency translation adjustments (3,009 ) — (3,009 ) Change in fair value of derivative financial instruments — 204 204 Reclassification adjustment for realized (gain) loss on derivative financial instruments — (67 ) (67 ) Other comprehensive income (loss) (3,009 ) 137 (2,872 ) Balance at May 5, 2019 (14,268 ) 323 (13,945 ) Foreign currency translation adjustments (1,251 ) — (1,251 ) Change in fair value of derivative financial instruments — (132 ) (132 ) Reclassification adjustment for realized (gain) loss on derivative financial instruments — (160 ) (160 ) Other comprehensive income (loss) (1,251 ) (292 ) (1,543 ) Balance at August 4, 2019 (15,519 ) 31 (15,488 ) Foreign currency translation adjustments 1,783 — 1,783 Change in fair value of derivative financial instruments — 5 5 Reclassification adjustment for realized (gain) loss on derivative financial instruments — (8 ) (8 ) Other comprehensive income (loss) 1,783 (3 ) 1,780 Balance at November 3, 2019 $ (13,736 ) $ 28 $ (13,708 ) Balance at January 28, 2018 $ (6,227 ) $ (555 ) $ (6,782 ) Foreign currency translation adjustments (1,145 ) — (1,145 ) Change in fair value of derivative financial instruments — 1,123 1,123 Reclassification adjustment for realized (gain) loss on derivative financial instruments — 49 49 Other comprehensive income (loss) (1,145 ) 1,172 27 Balance at April 29, 2018 (7,372 ) 617 (6,755 ) Foreign currency translation adjustments (2,993 ) — (2,993 ) Change in fair value of derivative financial instruments — 6 6 Other comprehensive income (loss) (2,993 ) 6 (2,987 ) Balance at July 29, 2018 (10,365 ) 623 (9,742 ) Foreign currency translation adjustments (1,830 ) — (1,830 ) Change in fair value of derivative financial instruments — (65 ) (65 ) Reclassification adjustment for realized (gain) loss on derivative financial instruments — (120 ) (120 ) Other comprehensive income (loss) (1,830 ) (185 ) (2,015 ) Balance at October 28, 2018 $ (12,195 ) $ 438 $ (11,757 )

ACQUISITION OF OUTWARD, INC. (T

ACQUISITION OF OUTWARD, INC. (Tables)	9 Months Ended
	Nov. 03, 2019
Summary of Fair Value of Identifiable Assets Acquired and Liabilities Asssumed	The purchase consideration has been allocated based on estimates of the fair value of identifiable assets acquired and liabilities assumed, as set forth in the table below. Working capital and other assets $ 718,000 Property and equipment, net 2,049,000 Intangible assets 18,300,000 Liabilities (6,886,000 ) Total identifiable net assets acquired $ 14,181,000 Goodwill 66,631,000 Total purchase consideration $ 80,812,000

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Nov. 03, 2019
Leases [Abstract]
Schedule of components of leases costs	The components of lease costs for the thirteen and thirty-nine weeks ended November 3, 2019 are as follows: In thousands Thirteen weeks ended November 3, 2019 Thirty-nine weeks ended November 3, 2019 Operating lease costs $ 68,909 $ 200,020 Variable lease costs 5,816 15,579 Total lease costs $ 74,725 $ 215,599
Schedule of supplemental cash flow information related to our leases	Supplemental cash flow information related to our leases for the thirteen and thirty-nine weeks ended November 3, 2019 is In thousands Thirteen weeks ended November 3, 2019 Thirty-nine weeks ended November 3, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 71,136 $ 212,530 Net additions to right-of-use 38,311 120,704
Schedule of weighted average remaining operating lease term	As of November 3, 2019, additional information related to our leases is as follows: Weighted average remaining lease term (years) 7.43 Weighted average incremental borrowing rate 3.72 %
Schedule of future minimum lease payments	As of November 3, 2019, the future minimum lease payments under our operating lease liabilities are as follows: In thousands Remaining fiscal 2019 $ 66,826 Fiscal 2020 273,977 Fiscal 2021 240,772 Fiscal 2022 207,974 Fiscal 2023 174,827 Fiscal 2024 151,029 Fiscal 2025 and thereafter 453,319 Total lease payments 1,568,724 Less interest (215,791 ) Total operating lease liabilities 1,352,933 Less current operating lease liabilities (225,530 ) Total non-current $ 1,127,403 As previously disclosed in our 2018 Annual Report on Form 10-K non-cancellable In thousands Fiscal 2019 $ 292,387 Fiscal 2020 262,429 Fiscal 2021 225,755 Fiscal 2022 190,263 Fiscal 2023 160,308 Thereafter 559,802 Total $ 1,690,944

Financial Statements - Basis _3

Financial Statements - Basis of Presentation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	May 05, 2019	[1]	Apr. 29, 2018	[2]	Nov. 03, 2019	Feb. 03, 2019	Oct. 28, 2018
Summary Of Significant Accounting Policies [Line Items]
Liabilities					$ 2,831,931	$ 1,657,130	$ 1,626,822
Operating lease					1,352,933
Deferred rent credit and lease incentives					29,388	$ 201,374	$ 205,143
Cumulative Effect on Retained Earnings, Net of Tax	$ (3,303)		$ 17,688
Adjustments for New Accounting Pronouncement [Member]
Summary Of Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax					3,300
Accounting Standards Update 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Assets					1,200,000
Liabilities					1,200,000
Operating lease					1,400,000
Deferred rent credit and lease incentives					$ 200,000
[1]	Relates to our adoption of ASU 2016-02, Leases, in fiscal 2019. See Note A.
[2]	Primarily relates to our adoption of ASU 2014-09, Revenue from Contracts with Customers, in fiscal 2018.

Borrowing Arrangements - Additi

Borrowing Arrangements - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Debt Instrument [Line Items]
Maximum borrowing capacity under letter of credit facilities including additional borrowing capacity	$ 70,000,000		$ 70,000,000
Letter of credit facilities, maturity date			Aug. 23, 2020
Outstanding letter of credit facilities	8,221,000		$ 8,221,000
Borrowings under revolving line of credit			100,000,000	$ 60,000,000
Line of credit	100,000,000	$ 60,000,000	100,000,000	$ 60,000,000
Standby Letters of Credit
Debt Instrument [Line Items]
Amount issued but undrawn under credit facility	12,402,000		$ 12,402,000
Unsecured Revolving Line Of Credit
Debt Instrument [Line Items]
Letter of credit facilities, maturity date			Jan. 8, 2023
Current borrowing capacity	500,000,000		$ 500,000,000
Maximum borrowing capacity including additional borrowing capacity	$ 250,000,000		$ 250,000,000
Interest rate description			The interest rates under the credit facility are variable, and may be elected by us as: (i) the London Interbank Offer Rate plus an applicable margin based on our leverage ratio ranging from 0.91% to 1.775% for a revolver borrowing, and 1.0% to 2.0% for the term loan; or (ii) a base rate as defined in the credit facility plus an applicable margin ranging from 0% to 0.775% for a revolver borrowing, and 0% to 1.0% for the term loan.
Weighted average interest rate	3.12%	3.28%	3.12%	3.28%
Borrowings under revolving line of credit	$ 40,000,000	$ 60,000,000	$ 100,000,000	$ 60,000,000
Line of credit	100,000,000	$ 60,000,000	100,000,000	$ 60,000,000
Unsecured Revolving Line Of Credit | Maximum
Debt Instrument [Line Items]
Additional borrowing capacity	750,000,000		$ 750,000,000
Unsecured Revolving Line Of Credit | Margin Based On Leverage Ratio | Maximum
Debt Instrument [Line Items]
Leverage ratio			1.775%
Unsecured Revolving Line Of Credit | Margin Based On Leverage Ratio | Minimum
Debt Instrument [Line Items]
Leverage ratio			0.91%
Unsecured Revolving Line Of Credit | Base Rate | Maximum
Debt Instrument [Line Items]
Leverage ratio			0.775%
Unsecured Revolving Line Of Credit | Base Rate | Minimum
Debt Instrument [Line Items]
Leverage ratio			0.00%
Unsecured Term Loan Facility
Debt Instrument [Line Items]
Debt instrument face amount	300,000,000		$ 300,000,000
Long term debt	$ 300,000,000		$ 300,000,000
Debt instrument, maturity date			Jan. 8, 2021
Weighted average interest rate	3.47%		3.47%
Unsecured Term Loan Facility | Margin Based On Leverage Ratio | Maximum
Debt Instrument [Line Items]
Leverage ratio			2.00%
Unsecured Term Loan Facility | Margin Based On Leverage Ratio | Minimum
Debt Instrument [Line Items]
Leverage ratio			1.00%
Unsecured Term Loan Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Leverage ratio			1.00%
Unsecured Term Loan Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Leverage ratio			0.00%

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term of grants of option awards, years			7 years
Vesting period of awards granted to employees, years			4 years
Stock-based compensation expense			$ 49,516,000	$ 40,953,000
Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 14,115,000	$ 14,427,000	$ 49,516,000	$ 40,953,000
Minimum | Non-Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards granted to employees, years			1 year
Equity Award Programs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares under the Plan	36,570,000		36,570,000
Shares available for future grant	5,367,000		5,367,000
Option Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards annual grant limit			1,000,000
Option Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price as a percentage of closing price on the day prior to the grant date			100.00%
Service Based Option Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards granted to employees, years			4 years
Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards annual grant limit			1,000,000
Performance Based Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards granted to employees, years			3 years

Summary of Restricted Stock Uni

Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs)	9 Months Ended
	Nov. 03, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance at February 3, 2019, shares	3,012,923
Granted, shares	1,036,010
Granted, with vesting subject to performance conditions, shares	238,786
Released, shares	(985,540)	[1]
Cancelled, shares	(347,205)
Balance at November 3, 2019	2,954,974
Vested plus expected to vest at November 3, 2019	3,115,488
[1]	Excludes 105,436 incremental shares released due to achievement of performance conditions above target.

Summary of Restricted Stock U_2

Summary of Restricted Stock Unit Activity (Parenthetical) (Detail) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Nov. 03, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental shares released due to achievement of performance conditions	985,540	[1]
Achievement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental shares released due to achievement of performance conditions	105,436
[1]	Excludes 105,436 incremental shares released due to achievement of performance conditions above target.

Earnings Per Share- Additional

Earnings Per Share- Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Earnings Per Share [Line Items]
Anti-dilutive stock-based awards excluded from the computation of diluted earnings per share	2,000	6,000	28,000	16,000

Reconciliation of Net Earnings

Reconciliation of Net Earnings and Number of Shares Used in Basic and Diluted Earnings Per Share Computations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Earnings Per Share [Line Items]
Net Earnings, Basic	$ 74,713	$ 81,465	$ 190,017	$ 178,346
Net Earnings, Diluted	$ 74,713	$ 81,465	$ 190,017	$ 178,346
Weighted Average Shares, Basic	77,897	80,475	78,356	82,070
Weighted Average Shares, Effect of dilutive stock-based awards	1,294	1,166	1,109	881
Weighted Average Shares, Diluted	79,191	81,641	79,465	82,951
Earnings Per Share, Basic	$ 0.96	$ 1.01	$ 2.43	$ 2.17
Earnings Per Share, Diluted	$ 0.94	$ 1	$ 2.39	$ 2.15

Summary of Segment Reporting In

Summary of Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Segment Reporting Information [Line Items]
Net revenues	[1]	$ 1,442,472	$ 1,356,983	$ 4,054,418	$ 3,835,157
Pottery Bam [Member]
Segment Reporting Information [Line Items]
Net revenues		556,985	533,469	1,573,958	1,530,300
West Elm [Member]
Segment Reporting Information [Line Items]
Net revenues		390,341	339,099	1,057,398	913,662
Williams Sonoma [Member]
Segment Reporting Information [Line Items]
Net revenues		205,493	203,936	591,761	600,092
Pottery Bam Kids and Teen [Member]
Segment Reporting Information [Line Items]
Net revenues		228,051	227,331	632,950	621,534
Other [Member]
Segment Reporting Information [Line Items]
Net revenues	[2]	$ 61,602	$ 53,148	$ 198,351	$ 169,569
[1]	Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $86.2 million and $79.0 million for the thirteen weeks ended November 3, 2019 and October 28, 2018, respectively, and approximately $260.5 million and $239.1 million for the thirty-nine weeks ended November 3, 2019 and October 28, 2018, respectively.
[2]	Primarily consists of net revenues from our international franchise operations, Rejuvenation and Mark and Graham.

Summary of Segment Reporting _2

Summary of Segment Reporting Information by Segment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Segment Reporting Information [Line Items]
Net revenues related to foreign operations	$ 86.2	$ 79	$ 260.5	$ 239.1

Summary of Long-lived Assets by

Summary of Long-lived Assets by Geographic Areas (Detail) - USD ($) $ in Thousands	Nov. 03, 2019	Oct. 28, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 2,304,579	$ 1,127,333
US
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	2,140,505	1,076,367
Non-US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 164,074	$ 50,966

Stock Repurchase Program and _2

Stock Repurchase Program and Dividends - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018	Feb. 03, 2019
Stock Repurchase Program and Dividend [Line Items]
Common stock repurchased, shares	610,349	742,508	1,838,971	3,883,875
Common stock repurchased, average cost per share	$ 66.49	$ 61.15	$ 61.29	$ 56.70
Common stock repurchased, total cost	$ 40,583,000	$ 45,403,000	$ 112,714,000	$ 220,221,000
Stock repurchase program, remaining authorized repurchase amount	611,101		611,101
Treasure stock, value	$ 941,000	$ 205,000	$ 941,000	$ 205,000	$ 235,000
Cash dividend, per common share	$ 0.48	$ 0.43
Authorized cash dividend, per common share			$ 1.44	$ 1.29

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Detail)	Nov. 03, 2019USD ($)
Derivative [Line Items]
Reclassification from OCI to cost of goods sold	$ 37,000

Foreign Currency Forward Contra

Foreign Currency Forward Contracts Outstanding with Notional Values (Detail) - Foreign Exchange Contract - Cash Flow Hedging - USD ($) $ in Thousands	Nov. 03, 2019	Oct. 28, 2018
Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Exchange of foreign currency contracts	$ 19,700	$ 13,300
Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Exchange of foreign currency contracts		$ 5,200

Effect of Derivative Instrument

Effect of Derivative Instruments in Condensed Consolidated Financial Statements (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Derivative [Line Items]
Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded	$ 924,300	$ 861,999	$ 2,608,054	$ 2,444,067
Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded	416,281	400,600	1,184,176	1,155,990
Cost of Sales [Member]
Derivative [Line Items]
Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded	924,300	861,999	2,608,054	2,444,067
Derivatives designated as cash flow hedges	204	163	499	90
Selling, General and Administrative Expenses [Member]
Derivative [Line Items]
Line items presented in the Condensed Consolidated Statement of Earnings in which the effects of derivatives are recorded	416,281	400,600	1,184,176	1,155,990
Derivatives designated as cash flow hedges		16		49
Derivatives not designated as hedging instruments	$ 6	$ 105	$ 24	$ 4,048

Fair Values of Derivative Instr

Fair Values of Derivative Instruments (Detail) - Other Current Assets - USD ($) $ in Thousands	Nov. 03, 2019	Oct. 28, 2018
Derivatives, Fair Value [Line Items]
Derivatives designated as cash flow hedges, Assets	$ 132	$ 504
Derivatives not designated as hedging instruments, Assets		$ 118

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Nov. 03, 2019	Aug. 04, 2019	May 05, 2019	Oct. 28, 2018	Jul. 29, 2018	Apr. 29, 2018	Nov. 03, 2019	Oct. 28, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			$ (11,073)				$ (11,073)
Foreign currency translation adjustments	$ 1,783	$ (1,251)	(3,009)	$ (1,830)	$ (2,993)	$ (1,145)	(2,477)	$ (5,968)
Change in fair value of derivative financial instruments	5	(132)	204	(65)	6	1,123	77	1,064
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax	(8)	(160)	(67)	(120)		49	(235)	(71)
Ending Balance	(13,708)			(11,757)			(13,708)	(11,757)
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(15,519)	(14,268)	(11,259)	(10,365)	(7,372)	(6,227)	(11,259)	(6,227)
Foreign currency translation adjustments	1,783	(1,251)	(3,009)	(1,830)	(2,993)	(1,145)
Other comprehensive income (loss)	1,783	(1,251)	(3,009)	(1,830)	(2,993)	(1,145)
Ending Balance	(13,736)	(15,519)	(14,268)	(12,195)	(10,365)	(7,372)	(13,736)	(12,195)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	31	323	186	623	617	(555)	186	(555)
Change in fair value of derivative financial instruments	5	(132)	204	(65)	6	1,123
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax	(8)	(160)	(67)	(120)		49
Other comprehensive income (loss)	(3)	(292)	137	(185)	6	1,172
Ending Balance	28	31	323	438	623	617	28	438
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(15,488)	(13,945)	(11,073)	(9,742)	(6,755)	(6,782)	(11,073)	(6,782)
Foreign currency translation adjustments	1,783	(1,251)	(3,009)	(1,830)	(2,993)	(1,145)
Change in fair value of derivative financial instruments	5	(132)	204	(65)	6	1,123
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax	(8)	(160)	(67)	(120)		49
Other comprehensive income (loss)	1,780	(1,543)	(2,872)	(2,015)	(2,987)	27
Ending Balance	$ (13,708)	$ (15,488)	$ (13,945)	$ (11,757)	$ (9,742)	$ (6,755)	$ (13,708)	$ (11,757)

Acquisition of Outward, Inc. -

Acquisition of Outward, Inc. - Additional Information (Detail) - Outward Inc. - USD ($)	Dec. 01, 2017	Nov. 03, 2019
Business Acquisition [Line Items]
Contractual purchase price	$ 112,000,000
Purchase consideration	80,812,000
Consideration owed to former owners of an acquired business, contingent upon continued future service	$ 26,690,000
Acquisition payment period	4 years
Cash paid to settle pre-existing obligations as part of a business combination, excluded from consideration transferred	$ 4,498,000
Consideration owed to certain key employees of an acquired business, contingent upon continued future service and certain financial targets	$ 20,000,000
3-D Imaging Data and Intellectual Property
Business Acquisition [Line Items]
Finite lived intangible asset useful life		4 years

Summary of Fair Value of Identi

Summary of Fair Value of Identifiable Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019	Oct. 28, 2018
Business Acquisition [Line Items]
Goodwill	$ 85,355	$ 85,382	$ 85,649
Outward Inc.
Business Acquisition [Line Items]
Working capital and other assets	718,000
Property and equipment, net	2,049,000
Intangible assets	18,300,000
Liabilities	(6,886,000)
Total identifiable net assets acquired	14,181,000
Goodwill	66,631,000
Total purchase consideration	$ 80,812,000

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - USD ($)	9 Months Ended
	Nov. 03, 2019	Feb. 03, 2019	Oct. 28, 2018
Customer loyalty program, expiration period	6 months
Gift card and other deferred revenue	$ 296,157,000	$ 290,445,000	$ 275,567,000
Other Current Liabilities
Expected sales return liability	23,447,000		25,555,000
Other Current Assets
Reduction in cost of goods sold for expected net realizable value of merchandise inventory to be returned	$ 9,221,000		$ 9,567,000
Stored-Value Cards
Stored value card redemption period	4 years
Stored-Value Cards, Merchandise Sales and Credit Card Incentives
Gift card and other deferred revenue	$ 300,354,000

Leases - Additional information

Leases - Additional information (Detail) - Machinery and Equipment [Member]	Nov. 03, 2019
Maximum [Member]
Lessee, Operating Lease, Term of Contract	22 years
Minimum [Member]
Lessee, Operating Lease, Term of Contract	2 years

Components of Leases Costs (Det

Components of Leases Costs (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 03, 2019	Nov. 03, 2019
Operating lease costs	$ 68,909	$ 200,020
Variable lease costs	5,816	15,579
Total lease costs	$ 74,725	$ 215,599

Supplemental Cash Flow Informat

Supplemental Cash Flow Information Related To Our Leases (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 03, 2019	Nov. 03, 2019
Cash paid for amounts included in the measurement of operating lease liabilities:	$ 71,136	$ 212,530
Net additions to right-of-use assets	$ 38,311	$ 120,704

Weighted Average Remaining Oper

Weighted Average Remaining Operating Lease Term And Incremental Borrowing Rate (Detail)	Nov. 03, 2019
Weighted average remaining lease term (years)	7 years 5 months 4 days
Weighted average incremental borrowing rate	3.72%

Future Minimum Lease Payments U

Future Minimum Lease Payments Under Our Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Remaining fiscal 2019	$ 66,826
Fiscal 2020	273,977	$ 262,429
Fiscal 2021	240,772	225,755
Fiscal 2022	207,974	190,263
Fiscal 2023	174,827	160,308
Fiscal 2024	151,029
Fiscal 2025 and thereafter	453,319
Total lease payments	1,568,724	$ 1,690,944
Less interest	(215,791)
Total operating lease liabilities	1,352,933
Less current operating lease liabilities	(225,530)
Total non-current operating lease liabilities	$ 1,127,403

Future Minimum Lease Payments_2

Future Minimum Lease Payments Under Non-cancellable Operating Leases (Detail) - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Accounting For Leases [Line Items]
Fiscal 2019		$ 292,387
Fiscal 2020	$ 273,977	262,429
Fiscal 2021	240,772	225,755
Fiscal 2022	207,974	190,263
Fiscal 2023	174,827	160,308
Thereafter		559,802
Total lease payments	$ 1,568,724	$ 1,690,944