Ross Stores (ROST) 10-Q 12 Dec 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Nov. 03, 2018	Nov. 21, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 3, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Registrant Name	ROSS STORES INC
Entity Central Index Key	745,732
Current Fiscal Year End Date	--02-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		370,588,820
Entity Small Business	false
Entity Emerging Growth Company	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2018USD ($)stores$ / sharesshares	Oct. 28, 2017USD ($)stores$ / sharesshares	Nov. 03, 2018USD ($)stores$ / sharesshares	Oct. 28, 2017USD ($)stores$ / sharesshares
Income Statement [Abstract]
Sales	$ 3,549,608	$ 3,328,894	$ 10,876,153	$ 10,066,926
Costs and Expenses
Cost of goods sold	2,547,331	2,369,148	7,736,533	7,120,056
Selling, general and administrative	561,577	517,297	1,640,581	1,490,392
Interest (income) expense, net	(2,953)	1,780	(4,849)	7,290
Total costs and expenses	3,105,955	2,888,225	9,372,265	8,617,738
Earnings before taxes	443,653	440,669	1,503,888	1,449,188
Provision for taxes on earnings	105,545	166,220	358,124	537,182
Net earnings	$ 338,108	$ 274,449	$ 1,145,764	$ 912,006	[1]
Earnings per share
Basic (in dollars per share) | $ / shares	$ 0.92	$ 0.72	$ 3.09	$ 2.38
Diluted (in dollars per share) | $ / shares	$ 0.91	$ 0.72	$ 3.06	$ 2.36
Weighted average shares outstanding
Basic (in shares) | shares	368,102	379,432	370,977	382,959
Diluted (in shares) | shares	371,061	382,132	373,936	385,823
Dividends
Stores open at end of period (in number of stores) | stores	1,720	1,627	1,720	1,627
[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 338,108	$ 274,449	$ 1,145,764	$ 912,006	[1]
Other comprehensive (loss) income:
Change in unrealized loss on investments, net of tax	(4)	(19)	(27)	(51)
Comprehensive income	$ 338,104	$ 274,430	$ 1,145,737	$ 911,955
[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Current Assets
Cash and cash equivalents	$ 1,349,196	$ 1,290,294	$ 1,144,169
Short-term investments	0	512	518
Accounts receivable	117,825	87,868	103,071
Merchandise inventory	1,979,080	1,641,735	1,840,225
Prepaid expenses and other	177,206	130,748	147,962
Total current assets	3,623,307	3,151,157	3,235,945
Property and Equipment
Land and buildings	1,117,801	1,109,173	1,112,212
Fixtures and equipment	2,719,545	2,603,318	2,538,349
Leasehold improvements	1,150,142	1,093,634	1,065,910
Construction-in-progress	146,323	102,054	92,264
Property and equipment, gross	5,133,811	4,908,179	4,808,735
Less accumulated depreciation and amortization	2,715,585	2,525,715	2,460,549
Property and equipment, net	2,418,226	2,382,464	2,348,186
Long-term investments	475	712	715
Other long-term assets	193,759	187,718	182,132
Total assets	6,235,767	5,722,051	5,766,978
Current Liabilities
Accounts payable	1,394,029	1,059,844	1,289,620
Accrued expenses and other	455,743	431,706	445,728
Accrued payroll and benefits	317,525	349,879	320,894
Current portion of long-term debt	84,997	84,973	0
Total current liabilities	2,252,294	1,926,402	2,056,242
Long-term debt	312,328	311,994	396,848
Other long-term liabilities	371,844	348,541	325,587
Deferred income taxes	112,138	85,806	129,782
Commitments and contingencies
Stockholders’ Equity
Common stock, par value $.01 per share Authorized 1,000,000,000 shares Issued and outstanding 371,058,000, 379,618,000 and 382,437,000 shares, respectively	3,711	3,796	3,824
Additional paid-in capital	1,354,669	1,292,364	1,272,056
Treasury stock	(371,959)	(318,279)	(318,279)
Accumulated other comprehensive income	0	27	40
Retained earnings	2,200,742	2,071,400	1,900,878
Total stockholders’ equity	3,187,163	3,049,308	2,858,519
Total liabilities and stockholders’ equity	$ 6,235,767	$ 5,722,051	$ 5,766,978

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Statement of Financial Position [Abstract]
Par value per share (usd per share)	$ 0.01	$ 0.01	$ 0.01
Shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000
Shares issued (in shares)	371,058,000	379,618,000	382,437,000
Shares outstanding (in shares)	371,058,000	379,618,000	382,437,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands		9 Months Ended
		Nov. 03, 2018	Oct. 28, 2017
Cash Flows From Operating Activities
Net earnings		$ 1,145,764	$ 912,006	[1]
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		246,151	227,255	[1]
Stock-based compensation		71,361	64,937	[1]
Deferred income taxes		19,607	9,074	[1]
Change in assets and liabilities:
Merchandise inventory		(337,345)	(327,339)	[1]
Other current assets		(76,489)	(62,610)	[1]
Accounts payable		328,062	271,526	[1]
Other current liabilities		35,758	51,567	[1]
Other long-term, net		17,203	19,270	[1]
Net cash provided by operating activities		1,450,072	1,165,686	[1]
Cash Flows From Investing Activities
Additions to property and equipment		(293,366)	(266,863)	[1]
Proceeds from investments		739	0	[1]
Net cash used in investing activities		(292,627)	(266,863)	[1]
Cash Flows From Financing Activities
Issuance of common stock related to stock plans		14,915	13,668	[1]
Treasury stock purchased		(53,680)	(45,440)	[1]
Repurchase of common stock		(806,500)	(648,835)	[1]
Dividends paid		(253,863)	(186,459)	[1]
Net cash used in financing activities		(1,099,128)	(867,066)	[1]
Net increase in cash, cash equivalents, and restricted cash and cash equivalents		58,317	31,757	[1]
Cash, cash equivalents, and restricted cash and cash equivalents:
Beginning of period	[1]	1,353,272	1,176,180
End of period		1,411,589	1,207,937	[1]
Supplemental Cash Flow Disclosures
Interest paid		13,271	13,271	[1]
Income taxes paid		$ 343,848	$ 552,720	[1]
[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Nov. 03, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of presentation. The accompanying unaudited interim condensed consolidated financial statements have been prepared from the records of Ross Stores, Inc. and subsidiaries (the “Company”) without audit and, in the opinion of management, include all adjustments (consisting of only normal, recurring adjustments) necessary to present fairly the Company’s financial position as of November 3, 2018 and October 28, 2017 , the results of operations and comprehensive income for the three and nine month periods ended November 3, 2018 and October 28, 2017 , and cash flows for the nine month periods ended November 3, 2018 and October 28, 2017 . The Condensed Consolidated Balance Sheet as of February 3, 2018 , presented herein, has been derived from the Company’s audited consolidated financial statements for the fiscal year then ended. Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted for purposes of these interim condensed consolidated financial statements. The interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including notes thereto, contained in the Company’s Annual Report on Form 10-K for the year ended February 3, 2018 . The results of operations and comprehensive income for the three and nine month periods ended November 3, 2018 and October 28, 2017 presented herein are not necessarily indicative of the results to be expected for the full fiscal year. Recently adopted accounting standards. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification "ASC" 606) which, along with subsequent amendments, supersedes the revenue recognition requirements in “Revenue Recognition (ASC 605).” This guidance provides a five-step analysis of transactions to determine when and how revenue is recognized and requires entities to recognize revenue when the customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The Company adopted ASC 606 as of February 4, 2018, using the modified retrospective method. Results for reporting periods beginning on or after February 4, 2018 are presented under ASC 606, while prior period amounts were not adjusted and continue to be reported in accordance with ASC 605. Upon adoption of ASC 606, the Company recorded a cumulative-effect adjustment to increase beginning retained earnings by $20 million as of February 4, 2018, primarily due to the change in the timing of the recognition of stored value card breakage. The impact of applying ASC 606 was not material to the Company's condensed consolidated financial statements for the three and nine month periods ended November 3, 2018 . In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . ASU 2016-18 requires restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the total beginning and ending amounts on the statement of cash flows. The standard also requires companies who report cash and restricted cash separately on the balance sheet to reconcile those amounts to the statement of cash flows. The Company adopted ASU 2016-18 as of February 4, 2018, using the retrospective method. Significant accounting policies. Except for the updates to accounting policies for revenue recognition and allowance for sales returns as a result of adopting ASC 606 described below, there have been no significant changes to the accounting policies followed by the Company as described in Note A to the audited consolidated financial statements for the fiscal year ended February 3, 2018. Revenue recognition. The Company recognizes revenue at the point of sale, net of sales taxes collected and an allowance for estimated future returns. Sales taxes collected that are outstanding and the allowance for estimated future returns are included in Accrued expenses and other in the Condensed Consolidated Balance Sheets. Sales of stored value cards are deferred until they are redeemed for the purchase of Company merchandise. The Company’s stored value cards do not have expiration dates. Based upon historical redemption rates, a small percentage of stored value cards will never be redeemed, which represents breakage. As a result of adopting ASC 606, breakage is estimated and recognized as revenue based upon the historical pattern of customer redemptions. In prior periods, breakage was recorded as a reduction of operating expense when customer redemption was considered remote. Breakage was not material to the condensed consolidated financial statements for the three and nine month periods ended November 3, 2018 and October 28, 2017 . The following sales mix table disaggregates revenue by merchandise category for the three and nine month periods ended November 3, 2018 and October 28, 2017 : Three Months Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Ladies 27 % 28 % 28 % 28 % Home Accents and Bed and Bath 25 % 25 % 24 % 25 % Men's 14 % 13 % 13 % 13 % Shoes 13 % 13 % 14 % 14 % Accessories, Lingerie, Fine Jewelry, and Fragrances 13 % 13 % 13 % 12 % Children's 8 % 8 % 8 % 8 % Total 100 % 100 % 100 % 100 % Allowance for sales returns. As a result of the adoption of ASC 606, the Company recognizes allowances for estimated sales returns on a gross basis. This results in (i) an asset recorded for the expected recovery of merchandise inventory and a liability recorded for the refund due to the customer and (ii) a change in sales and related cost of goods sold based on the required reserve for estimated returns. Prior to the adoption of ASC 606, the Company recognized allowances for sales returns on a net basis. Cash, restricted cash, and restricted investments. Restricted cash, cash equivalents, and investments serve as collateral for certain insurance obligations of the Company. These restricted funds are invested in bank deposits, money market mutual funds, U.S. Government and agency securities, and corporate securities and cannot be withdrawn from the Company’s account without the prior written consent of the secured parties. The classification between current and long-term is based on the timing of expected payments of the insurance obligations. The following table provides a reconciliation of cash, cash equivalents, restricted cash and equivalents in the Condensed Consolidated Balance Sheets that reconcile to the amounts shown on the Condensed Consolidated Statements of Cash Flows: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Cash and cash equivalents $ 1,349,196 $ 1,290,294 $ 1,144,169 Restricted cash and cash equivalents included in: Prepaid expenses and other 8,933 9,412 12,776 Other long-term assets 53,460 53,566 50,992 Total restricted cash and cash equivalents 62,393 62,978 63,768 Total cash, cash equivalents and restricted cash and equivalents $ 1,411,589 $ 1,353,272 $ 1,207,937 In addition to the restricted cash and equivalents in the table above, the Company had restricted investments included in the Condensed Consolidated Balance Sheets as shown below: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Prepaid expenses and other $ 2,801 $ 2,435 $ 688 Other long-term assets — 403 2,862 Total restricted investments $ 2,801 $ 2,838 $ 3,550 Property and equipment. As of November 3, 2018 and October 28, 2017 , the Company had $13.0 million and $6.4 million , respectively, of property and equipment purchased but not yet paid. These purchases are included in Property and Equipment, Accounts payable, and Accrued expenses and other in the accompanying Condensed Consolidated Balance Sheets. Cash dividends. Dividends included in the Condensed Consolidated Statements of Cash Flows reflect cash dividends paid during the periods shown. Dividends per share reported on the Condensed Consolidated Statements of Earnings reflect cash dividends declared during the periods shown. The Company’s Board of Directors declared a cash dividend of $0.225 per common share in March, May, and August 2018 and $0.160 per common share in February, May, August, and November 2017, respectively. In November 2018 , the Company’s Board of Directors declared a cash dividend of $0.225 per common share, payable on December 28, 2018 . Litigation, claims, and assessments. Like many retailers, the Company has been named in class action lawsuits, primarily in California, alleging violation of wage and hour/employment laws and consumer protection laws. Class action litigation remains pending as of November 3, 2018 . The Company is also party to various other legal and regulatory proceedings arising in the normal course of business. Actions filed against the Company may include commercial, product and product safety, consumer, intellectual property, and labor and employment-related claims, including lawsuits in which private plaintiffs or governmental agencies allege that the Company violated federal, state, and/or local laws. Actions against the Company are in various procedural stages. Many of these proceedings raise factual and legal issues and are subject to uncertainties. In the opinion of management, the resolution of pending class action litigation and other currently pending legal and regulatory proceedings will not have a material adverse effect on the Company’s financial condition, results of operations, or cash flows. Recently issued accounting standards. The Company considers the applicability and impact of all ASUs issued by the FASB. ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's condensed consolidated financial results. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The ASU requires balance sheet recognition for all leases with lease terms greater than one year including a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 is effective for the Company’s annual and interim reporting periods beginning in fiscal 2019. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements .” This update provides an additional (and optional) transition method to adopt the new leases standard, which allows entities to initially apply the new standard at the effective date with a cumulative-effect adjustment to the opening balance of retained earnings and does not require restatement of prior periods. The Company plans to adopt the new leases standard using the optional transition method. In addition, the Company does not plan to elect the transitional package of practical expedients or the use of hindsight upon adoption. The Company is finalizing the expected effect adoption of this new guidance will have on its consolidated financial statements. Due to the substantial number of leases that it has, the Company believes this ASU will increase assets and liabilities by a material amount on its consolidated balance sheet. The Company’s current undiscounted minimum commitments under noncancelable operating leases is approximately $3.9 billion . The Company does not believe adoption of this ASU will have a significant impact to its consolidated statements of earnings, stockholders’ equity, and cash flows.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Nov. 03, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The carrying value of cash and cash equivalents, short- and long-term investments, restricted cash and cash equivalents, restricted investments, accounts receivable, other long-term assets, accounts payable, and other long-term liabilities approximates their estimated fair value. Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The inputs used to measure fair value include: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. This fair value hierarchy requires the Company to develop its own assumptions and maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. There were no transfers between Level 1 and Level 2 categories during the three and nine month periods ended November 3, 2018 . The fair value of the Company’s financial instruments are as follows: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Cash and cash equivalents (Level 1) $ 1,349,196 $ 1,290,294 $ 1,144,169 Restricted cash and cash equivalents (Level 1) $ 62,393 $ 62,978 $ 63,768 Investments (Level 2) $ 475 $ 1,224 $ 1,233 Restricted investments (Level 2) $ 2,801 $ 2,838 $ 3,550 The underlying assets in the Company’s non-qualified deferred compensation program as of November 3, 2018 , February 3, 2018 , and October 28, 2017 (included in Other long-term assets and in Other long-term liabilities) primarily consist of participant-directed money market, stable value, stock, and bond funds. The fair value measurement for funds with quoted market prices in active markets (Level 1) and for funds without quoted market prices in active markets (Level 2) are as follows: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Level 1 $ 111,490 $ 104,590 $ 99,387 Level 2 12,218 16,023 16,787 Total $ 123,708 $ 120,613 $ 116,174

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Nov. 03, 2018
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation. For the three and nine month periods ended November 3, 2018 and October 28, 2017 , the Company recognized stock-based compensation expense as follows: Three Months Ended Nine Months Ended ($000) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Restricted stock $ 12,288 $ 11,207 $ 36,224 $ 32,927 Performance awards 10,593 10,215 32,504 29,668 Employee stock purchase plan 900 796 2,633 2,342 Total $ 23,781 $ 22,218 $ 71,361 $ 64,937 Total stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Earnings for the three and nine month periods ended November 3, 2018 and October 28, 2017 , is as follows: Three Months Ended Nine Months Ended Statements of Earnings Classification ($000) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Cost of goods sold $ 11,434 $ 10,377 $ 33,481 $ 30,488 Selling, general and administrative 12,347 11,841 37,880 34,449 Total $ 23,781 $ 22,218 $ 71,361 $ 64,937 The tax benefits related to stock-based compensation expense for the three and nine month periods ended November 3, 2018 were $5.1 million and $15.0 million , respectively. The tax benefits related to stock-based compensation expense for the three and nine month periods ended October 28, 2017 were $7.9 million and $22.7 million , respectively. Restricted stock awards. The Company grants shares of restricted stock to directors, officers, and key employees. The market value of shares of restricted stock at the date of grant is amortized to expense over the vesting period of generally three to five years. During the three and nine month periods ended November 3, 2018 and October 28, 2017 , shares purchased by the Company for tax withholding totaled 27,234 and 688,613 , and 37,214 and 683,961 , respectively, and are considered treasury shares which are available for reissuance. Performance share awards. The Company has a performance share award program for senior executives. A performance share award represents a right to receive shares of restricted stock on a specified settlement date based on the Company’s attainment of a profitability-based performance goal during the performance period, which is the Company’s fiscal year. If attained, the restricted stock then vests over a service period, generally two to three years from the date the performance award was granted. As of November 3, 2018 , shares related to unvested restricted stock and performance share awards totaled 4.8 million shares. A summary of restricted stock and performance share award activity for the nine month period ended November 3, 2018 , is presented below: (000, except per share data) Number of shares Weighted average grant date fair value Unvested at February 3, 2018 5,483 $ 51.19 Awarded 1,179 75.88 Released (1,751 ) 44.10 Forfeited (69 ) 59.25 Unvested at November 3, 2018 4,842 $ 60.98 The unamortized compensation expense at November 3, 2018 , was $137.2 million , which is expected to be recognized over a weighted-average remaining period of 2.0 years. The unamortized compensation expense at October 28, 2017 , was $123.0 million , which was expected to be recognized over a weighted-average remaining period of 2.0 years. Employee stock purchase plan. Under the Employee Stock Purchase Plan (“ESPP”), eligible employees participating in the quarterly offering period can choose to have up to the lesser of 10% of their annual base earnings or the IRS annual share purchase limit of $25,000 in aggregate market value to purchase the Company’s common stock. The purchase price of the stock is 85% of the closing market price on the date of purchase. Purchases occur on a quarterly basis (on the last trading day of each calendar quarter). The Company recognizes expense for ESPP purchase rights equal to the value of the 15% discount given on the purchase date.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 03, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The Company computes and reports both basic earnings per share ("EPS") and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options, and unvested shares of both performance and non-performance based awards of restricted stock. For the three and nine month periods ended November 3, 2018 , approximately 4,800 and 10,000 weighted average shares were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for the period presented. For the three and nine month periods ended October 28, 2017 , approximately 14,600 and 446,500 weighted average shares were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for the periods presented. The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations: Three Months Ended Nine Months Ended Shares in (000s) Basic EPS Effect of dilutive common stock equivalents Diluted EPS Basic EPS Effect of dilutive common stock equivalents Diluted EPS November 3, 2018 Shares 368,102 2,959 371,061 370,977 2,959 373,936 Amount $ 0.92 $ (0.01 ) $ 0.91 $ 3.09 $ (0.03 ) $ 3.06 October 28, 2017 Shares 379,432 2,700 382,132 382,959 2,864 385,823 Amount $ 0.72 $ — $ 0.72 $ 2.38 $ (0.02 ) $ 2.36

Debt

Debt	9 Months Ended
	Nov. 03, 2018
Debt Disclosure [Abstract]
Debt	Debt Senior notes. Unsecured senior debt, net of unamortized discounts and debt issuance costs, consisted of the following: ($000) November 3, 2018 February 3, 2018 October 28, 2017 6.38% Series A Senior Notes due 2018 $ 84,997 $ 84,973 $ 84,964 6.53% Series B Senior Notes due 2021 64,937 64,922 64,917 3.375% Senior Notes due 2024 247,391 247,072 246,967 Total long-term debt $ 397,325 $ 396,967 $ 396,848 Less: current portion 84,997 84,973 — Total due beyond one year $ 312,328 $ 311,994 $ 396,848 As of November 3, 2018 , the Company had outstanding unsecured 3.375% Senior Notes due September 2024 (the “2024 Notes”) with an aggregate principal amount of $250 million . Interest on the 2024 Notes is payable semi-annually. As of November 3, 2018 , the Company also had outstanding two other series of unsecured senior notes in the aggregate principal amount of $150 million , held by various institutional investors. The Series A notes totaling $85 million are due in December 2018 , and bear interest at 6.38% . The Series B notes totaling $65 million are due in December 2021 , and bear interest at 6.53% . Borrowings under these senior notes are subject to certain financial covenants, including interest coverage and other financial ratios. As of November 3, 2018 , the Company was in compliance with these covenants. As of November 3, 2018 , February 3, 2018 , and October 28, 2017 , total unamortized discount and debt issuance costs were $2.7 million , $3.0 million , and $3.2 million , respectively, and were classified as a reduction of Long-term debt. The 2024 Notes, Series A, and Series B senior notes are all subject to prepayment penalties for early payment of principal. The aggregate fair value of the three outstanding senior note issuances was approximately $402 million , $411 million , and $415 million as of November 3, 2018 , February 3, 2018 , and October 28, 2017 , respectively. The fair value is estimated by obtaining comparable market quotes which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance. The table below shows the components of interest expense and income for the three and nine month periods ended November 3, 2018 and October 28, 2017 : Three Months Ended Nine Months Ended ($000) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Interest expense on long-term debt $ 4,646 $ 4,645 $ 13,937 $ 13,933 Other interest expense 233 233 768 735 Capitalized interest (700 ) (205 ) (1,832 ) (387 ) Interest income (7,132 ) (2,893 ) (17,722 ) (6,991 ) Interest (income) expense, net $ (2,953 ) $ 1,780 $ (4,849 ) $ 7,290 Revolving credit facility. The Company’s $600 million unsecured revolving credit facility expires in April 2021 and contains a $300 million sublimit for issuance of standby letters of credit (subject to increase in proportion to any increase in the size of the credit facility). The facility also contains an option allowing the Company to increase the size of its credit facility by up to an additional $200 million , with the agreement of the lenders. Interest on any borrowings under this facility is based on LIBOR plus an applicable margin (currently 100 basis points) and is payable quarterly and upon maturity. As of November 3, 2018 , the Company had no borrowings or standby letters of credit outstanding under this facility and the $600 million credit facility remains in place and available. The revolving credit facility is subject to a financial leverage ratio covenant. As of November 3, 2018 , the Company was in compliance with this covenant.

Taxes on Earnings

Taxes on Earnings	9 Months Ended
	Nov. 03, 2018
Income Tax Disclosure [Abstract]
Taxes on Earnings	Taxes on Earnings The Tax Cuts and Jobs Act (the “Tax Act” or "tax reform") was signed into law on December 22, 2017. The Tax Act made significant changes to U.S. corporate taxation, including reducing the U.S. federal corporate income tax rate from 35% to 21% effective January 1, 2018. For the three and nine month periods ended November 3, 2018 , the Company’s provision for taxes on earnings differed from the Company’s federal corporate income tax rate of 21%, primarily because of the effects of state and local taxes, the net tax benefit associated with share-based compensation, and resolution of tax positions with taxing authorities. These items resulted in an effective tax rate for the three and nine month periods ended November 3, 2018 of 24% as compared to 38% and 37% for the three and nine month periods ended October 28, 2017 , respectively. Also on December 22, 2017, the SEC staff issued Staff Accounting Bulletin 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”), which provides guidance on accounting for the impact of the Tax Act. As permitted by SAB 118, the Company recorded provisional amounts for both current and deferred income taxes related to the reduced U.S. federal corporate income tax rate in fiscal 2017. The recorded provisional amounts totaling $80.1 million of tax benefit reflected assumptions made based upon the Company’s interpretation of the Tax Act. As of November 3, 2018, the Company has not recorded any adjustment to the provisional amounts recorded in fiscal 2017. With the completion and filing of the 2017 federal return during the quarter ended November 3, 2018, the Company considers the deferred tax remeasurements and other adjustments related to the Tax Act to be complete. As of November 3, 2018 , February 3, 2018 , and October 28, 2017 , the reserves for unrecognized tax benefits were $130.5 million , $121.3 million , and $109.3 million , inclusive of $25.4 million , $22.6 million , and $20.8 million of related interest and penalties, respectively. The Company accounts for interest and penalties related to unrecognized tax benefits as a part of its provision for taxes on earnings. If recognized, $87.8 million would impact the Company’s effective tax rate. The difference between the total amount of unrecognized tax benefits and the amounts that would impact the effective tax rate relates to amounts attributable to deferred income tax assets and liabilities. These amounts are net of federal and state income taxes. Certain federal and state tax returns are under audit by various tax authorities. Subsequent to the three month period ended November 3, 2018, the Company received notice that uncertain tax positions related to fiscal 2015 were resolved with the Internal Revenue Service. As a result, the Company expects to recognize a tax benefit of an approximate $26.2 million in the Consolidated Statement of Earnings, and a decrease in unrecognized tax benefits of approximately $53.3 million , inclusive of $12.8 million of interest and penalties, in the three month period ending February 2, 2019. It is reasonably possible that certain tax matters may be concluded or statutes of limitations may lapse during the next twelve months. Accordingly, excluding the impact of the aforementioned IRS tax resolution to be recognized in the quarter ended February 2, 2019, the total amount of unrecognized tax benefits may decrease by up to $8.2 million . The Company is open to audit by the Internal Revenue Service under the statute of limitations for fiscal years 2015 through 2017 . The Company’s state income tax returns are generally open to audit under the various statutes of limitations for fiscal years 2013 through 2017 .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Nov. 03, 2018
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation. The accompanying unaudited interim condensed consolidated financial statements have been prepared from the records of Ross Stores, Inc. and subsidiaries (the “Company”) without audit and, in the opinion of management, include all adjustments (consisting of only normal, recurring adjustments) necessary to present fairly the Company’s financial position as of November 3, 2018 and October 28, 2017 , the results of operations and comprehensive income for the three and nine month periods ended November 3, 2018 and October 28, 2017 , and cash flows for the nine month periods ended November 3, 2018 and October 28, 2017 . The Condensed Consolidated Balance Sheet as of February 3, 2018 , presented herein, has been derived from the Company’s audited consolidated financial statements for the fiscal year then ended. Certain information and disclosures normally included in the notes to annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted for purposes of these interim condensed consolidated financial statements. The interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including notes thereto, contained in the Company’s Annual Report on Form 10-K for the year ended February 3, 2018 . The results of operations and comprehensive income for the three and nine month periods ended November 3, 2018 and October 28, 2017 presented herein are not necessarily indicative of the results to be expected for the full fiscal year. Significant accounting policies. Except for the updates to accounting policies for revenue recognition and allowance for sales returns as a result of adopting ASC 606 described below, there have been no significant changes to the accounting policies followed by the Company as described in Note A to the audited consolidated financial statements for the fiscal year ended February 3, 2018.
Revenue recognition and allowance for sales returns	Allowance for sales returns. As a result of the adoption of ASC 606, the Company recognizes allowances for estimated sales returns on a gross basis. This results in (i) an asset recorded for the expected recovery of merchandise inventory and a liability recorded for the refund due to the customer and (ii) a change in sales and related cost of goods sold based on the required reserve for estimated returns. Prior to the adoption of ASC 606, the Company recognized allowances for sales returns on a net basis. Revenue recognition. The Company recognizes revenue at the point of sale, net of sales taxes collected and an allowance for estimated future returns. Sales taxes collected that are outstanding and the allowance for estimated future returns are included in Accrued expenses and other in the Condensed Consolidated Balance Sheets. Sales of stored value cards are deferred until they are redeemed for the purchase of Company merchandise. The Company’s stored value cards do not have expiration dates. Based upon historical redemption rates, a small percentage of stored value cards will never be redeemed, which represents breakage. As a result of adopting ASC 606, breakage is estimated and recognized as revenue based upon the historical pattern of customer redemptions. In prior periods, breakage was recorded as a reduction of operating expense when customer redemption was considered remote. Breakage was not material to the condensed consolidated financial statements for the three and nine month periods ended November 3, 2018 and October 28, 2017 .
Cash, restricted cash, and restricted investments	Cash, restricted cash, and restricted investments. Restricted cash, cash equivalents, and investments serve as collateral for certain insurance obligations of the Company. These restricted funds are invested in bank deposits, money market mutual funds, U.S. Government and agency securities, and corporate securities and cannot be withdrawn from the Company’s account without the prior written consent of the secured parties. The classification between current and long-term is based on the timing of expected payments of the insurance obligations.
Property and equipment	Property and equipment. As of November 3, 2018 and October 28, 2017 , the Company had $13.0 million and $6.4 million , respectively, of property and equipment purchased but not yet paid. These purchases are included in Property and Equipment, Accounts payable, and Accrued expenses and other in the accompanying Condensed Consolidated Balance Sheets.
Recently issued and adopted accounting standards	Recently adopted accounting standards. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Accounting Standards Codification "ASC" 606) which, along with subsequent amendments, supersedes the revenue recognition requirements in “Revenue Recognition (ASC 605).” This guidance provides a five-step analysis of transactions to determine when and how revenue is recognized and requires entities to recognize revenue when the customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The Company adopted ASC 606 as of February 4, 2018, using the modified retrospective method. Results for reporting periods beginning on or after February 4, 2018 are presented under ASC 606, while prior period amounts were not adjusted and continue to be reported in accordance with ASC 605. Upon adoption of ASC 606, the Company recorded a cumulative-effect adjustment to increase beginning retained earnings by $20 million as of February 4, 2018, primarily due to the change in the timing of the recognition of stored value card breakage. The impact of applying ASC 606 was not material to the Company's condensed consolidated financial statements for the three and nine month periods ended November 3, 2018 . In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . ASU 2016-18 requires restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the total beginning and ending amounts on the statement of cash flows. The standard also requires companies who report cash and restricted cash separately on the balance sheet to reconcile those amounts to the statement of cash flows. The Company adopted ASU 2016-18 as of February 4, 2018, using the retrospective method. Recently issued accounting standards. The Company considers the applicability and impact of all ASUs issued by the FASB. ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's condensed consolidated financial results. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The ASU requires balance sheet recognition for all leases with lease terms greater than one year including a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 is effective for the Company’s annual and interim reporting periods beginning in fiscal 2019. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements .” This update provides an additional (and optional) transition method to adopt the new leases standard, which allows entities to initially apply the new standard at the effective date with a cumulative-effect adjustment to the opening balance of retained earnings and does not require restatement of prior periods. The Company plans to adopt the new leases standard using the optional transition method. In addition, the Company does not plan to elect the transitional package of practical expedients or the use of hindsight upon adoption. The Company is finalizing the expected effect adoption of this new guidance will have on its consolidated financial statements. Due to the substantial number of leases that it has, the Company believes this ASU will increase assets and liabilities by a material amount on its consolidated balance sheet. The Company’s current undiscounted minimum commitments under noncancelable operating leases is approximately $3.9 billion . The Company does not believe adoption of this ASU will have a significant impact to its consolidated statements of earnings, stockholders’ equity, and cash flows.
Fair value measurement	Fair Value Measurements The carrying value of cash and cash equivalents, short- and long-term investments, restricted cash and cash equivalents, restricted investments, accounts receivable, other long-term assets, accounts payable, and other long-term liabilities approximates their estimated fair value. Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The inputs used to measure fair value include: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. This fair value hierarchy requires the Company to develop its own assumptions and maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Corporate, U.S. government and agency, and mortgage-backed securities are classified within Level 1 or Level 2 because these securities are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.
Earnings per share	Earnings Per Share The Company computes and reports both basic earnings per share ("EPS") and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options, and unvested shares of both performance and non-performance based awards of restricted stock.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Nov. 03, 2018
Accounting Policies [Abstract]
Disaggregation of revenue	The following sales mix table disaggregates revenue by merchandise category for the three and nine month periods ended November 3, 2018 and October 28, 2017 : Three Months Ended Nine Months Ended November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Ladies 27 % 28 % 28 % 28 % Home Accents and Bed and Bath 25 % 25 % 24 % 25 % Men's 14 % 13 % 13 % 13 % Shoes 13 % 13 % 14 % 14 % Accessories, Lingerie, Fine Jewelry, and Fragrances 13 % 13 % 13 % 12 % Children's 8 % 8 % 8 % 8 % Total 100 % 100 % 100 % 100 %
Schedule of restricted cash reconciliation	The following table provides a reconciliation of cash, cash equivalents, restricted cash and equivalents in the Condensed Consolidated Balance Sheets that reconcile to the amounts shown on the Condensed Consolidated Statements of Cash Flows: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Cash and cash equivalents $ 1,349,196 $ 1,290,294 $ 1,144,169 Restricted cash and cash equivalents included in: Prepaid expenses and other 8,933 9,412 12,776 Other long-term assets 53,460 53,566 50,992 Total restricted cash and cash equivalents 62,393 62,978 63,768 Total cash, cash equivalents and restricted cash and equivalents $ 1,411,589 $ 1,353,272 $ 1,207,937
Schedule of restricted investments	In addition to the restricted cash and equivalents in the table above, the Company had restricted investments included in the Condensed Consolidated Balance Sheets as shown below: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Prepaid expenses and other $ 2,801 $ 2,435 $ 688 Other long-term assets — 403 2,862 Total restricted investments $ 2,801 $ 2,838 $ 3,550

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 03, 2018
Fair Value Disclosures [Abstract]
Schedule of fair values	The fair value of the Company’s financial instruments are as follows: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Cash and cash equivalents (Level 1) $ 1,349,196 $ 1,290,294 $ 1,144,169 Restricted cash and cash equivalents (Level 1) $ 62,393 $ 62,978 $ 63,768 Investments (Level 2) $ 475 $ 1,224 $ 1,233 Restricted investments (Level 2) $ 2,801 $ 2,838 $ 3,550
Schedule of fair value, assets and liabilities measured on recurring basis	The fair value measurement for funds with quoted market prices in active markets (Level 1) and for funds without quoted market prices in active markets (Level 2) are as follows: ($000) November 3, 2018 February 3, 2018 October 28, 2017 Level 1 $ 111,490 $ 104,590 $ 99,387 Level 2 12,218 16,023 16,787 Total $ 123,708 $ 120,613 $ 116,174

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Nov. 03, 2018
Share-based Compensation [Abstract]
Schedule of stock-based compensation expense by award type	For the three and nine month periods ended November 3, 2018 and October 28, 2017 , the Company recognized stock-based compensation expense as follows: Three Months Ended Nine Months Ended ($000) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Restricted stock $ 12,288 $ 11,207 $ 36,224 $ 32,927 Performance awards 10,593 10,215 32,504 29,668 Employee stock purchase plan 900 796 2,633 2,342 Total $ 23,781 $ 22,218 $ 71,361 $ 64,937
Total stock-based compensation recognized in the condensed consolidated statements of earnings	Total stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Earnings for the three and nine month periods ended November 3, 2018 and October 28, 2017 , is as follows: Three Months Ended Nine Months Ended Statements of Earnings Classification ($000) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Cost of goods sold $ 11,434 $ 10,377 $ 33,481 $ 30,488 Selling, general and administrative 12,347 11,841 37,880 34,449 Total $ 23,781 $ 22,218 $ 71,361 $ 64,937
Unvested restricted stock activity	A summary of restricted stock and performance share award activity for the nine month period ended November 3, 2018 , is presented below: (000, except per share data) Number of shares Weighted average grant date fair value Unvested at February 3, 2018 5,483 $ 51.19 Awarded 1,179 75.88 Released (1,751 ) 44.10 Forfeited (69 ) 59.25 Unvested at November 3, 2018 4,842 $ 60.98

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 03, 2018
Earnings Per Share [Abstract]
Reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations	The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations: Three Months Ended Nine Months Ended Shares in (000s) Basic EPS Effect of dilutive common stock equivalents Diluted EPS Basic EPS Effect of dilutive common stock equivalents Diluted EPS November 3, 2018 Shares 368,102 2,959 371,061 370,977 2,959 373,936 Amount $ 0.92 $ (0.01 ) $ 0.91 $ 3.09 $ (0.03 ) $ 3.06 October 28, 2017 Shares 379,432 2,700 382,132 382,959 2,864 385,823 Amount $ 0.72 $ — $ 0.72 $ 2.38 $ (0.02 ) $ 2.36

Debt (Tables)

Debt (Tables)	9 Months Ended
	Nov. 03, 2018
Debt Disclosure [Abstract]
Schedule of long-term debt	Unsecured senior debt, net of unamortized discounts and debt issuance costs, consisted of the following: ($000) November 3, 2018 February 3, 2018 October 28, 2017 6.38% Series A Senior Notes due 2018 $ 84,997 $ 84,973 $ 84,964 6.53% Series B Senior Notes due 2021 64,937 64,922 64,917 3.375% Senior Notes due 2024 247,391 247,072 246,967 Total long-term debt $ 397,325 $ 396,967 $ 396,848 Less: current portion 84,997 84,973 — Total due beyond one year $ 312,328 $ 311,994 $ 396,848
Interest income and interest expense disclosure	The table below shows the components of interest expense and income for the three and nine month periods ended November 3, 2018 and October 28, 2017 : Three Months Ended Nine Months Ended ($000) November 3, 2018 October 28, 2017 November 3, 2018 October 28, 2017 Interest expense on long-term debt $ 4,646 $ 4,645 $ 13,937 $ 13,933 Other interest expense 233 233 768 735 Capitalized interest (700 ) (205 ) (1,832 ) (387 ) Interest income (7,132 ) (2,893 ) (17,722 ) (6,991 ) Interest (income) expense, net $ (2,953 ) $ 1,780 $ (4,849 ) $ 7,290

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended								9 Months Ended
	Nov. 30, 2018	Aug. 31, 2018	May 30, 2018	Mar. 31, 2018	Nov. 30, 2017	Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Nov. 03, 2018	Oct. 28, 2017	Feb. 04, 2018
Summary of Significant Accounting Policies [Line Items]
Cash dividends declared per share (in dollars per share)		$ 0.225	$ 0.225	$ 0.225	$ 0.160	$ 0.160	$ 0.160	$ 0.160
Operating leases, future minimum payments due									$ 3,900
Property, Plant and Equipment
Summary of Significant Accounting Policies [Line Items]
Property and equipment purchased but not yet paid									$ 13	$ 6.4
Subsequent Event
Summary of Significant Accounting Policies [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.225
Retained Earnings | Accounting Standards Update 2014-09
Summary of Significant Accounting Policies [Line Items]
Cumulative-effect adjustment											$ 20

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Disaggregation of Revenue) (Details)	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Ladies
Disaggregation of Revenue [Line Items]
Revenue by merchandise category	27.00%	28.00%	28.00%	28.00%
Home Accents and Bed and Bath
Disaggregation of Revenue [Line Items]
Revenue by merchandise category	25.00%	25.00%	24.00%	25.00%
Men's
Disaggregation of Revenue [Line Items]
Revenue by merchandise category	14.00%	13.00%	13.00%	13.00%
Shoes
Disaggregation of Revenue [Line Items]
Revenue by merchandise category	13.00%	13.00%	14.00%	14.00%
Accessories, Lingerie, Fine Jewelry, and Fragrances
Disaggregation of Revenue [Line Items]
Revenue by merchandise category	13.00%	13.00%	13.00%	12.00%
Children's
Disaggregation of Revenue [Line Items]
Revenue by merchandise category	8.00%	8.00%	8.00%	8.00%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Restricted Cash Reconciliation) (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Feb. 03, 2018		Oct. 28, 2017		Jan. 28, 2017	[1]
Accounting Policies [Abstract]
Cash and cash equivalents	$ 1,349,196	$ 1,290,294		$ 1,144,169
Prepaid expenses and other	8,933	9,412		12,776
Other long-term assets	53,460	53,566		50,992
Total restricted cash and cash equivalents	62,393	62,978		63,768
Total cash, cash equivalents and restricted cash and equivalents	$ 1,411,589	$ 1,353,272	[1]	$ 1,207,937	[1]	$ 1,176,180
[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Restricted Cash, Cash Equivalents and Investments) (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Accounting Policies [Abstract]
Prepaid expenses and other	$ 2,801	$ 2,435	$ 688
Other long-term assets	0	403	2,862
Total restricted investments	$ 2,801	$ 2,838	$ 3,550

Fair Value Measurements - Balan

Fair Value Measurements - Balance Sheet Items (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 1,349,196	$ 1,290,294	$ 1,144,169
Restricted cash and cash equivalents	62,393	62,978	63,768
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	475	1,224	1,233
Restricted investments	$ 2,801	$ 2,838	$ 3,550

Fair Value Measurements - Under

Fair Value Measurements - Underlying Asset Value (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	$ 123,708	$ 120,613	$ 116,174
Level 1
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	111,490	104,590	99,387
Level 2
Investment [Line Items]
Underlying assets in non-qualified deferred compensation program	$ 12,218	$ 16,023	$ 16,787

Stock-Based Compensation (Recog

Stock-Based Compensation (Recognized Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 23,781	$ 22,218	$ 71,361	$ 64,937	[1]
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	12,288	11,207	36,224	32,927
Performance awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	10,593	10,215	32,504	29,668
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 900	$ 796	$ 2,633	$ 2,342
[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Stock-Based Compensation (Total

Stock-Based Compensation (Total Stock-Based Compensation Recognized In The Consolidated Statements Of Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 23,781	$ 22,218	$ 71,361	$ 64,937	[1]
Cost of goods sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	11,434	10,377	33,481	30,488
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 12,347	$ 11,841	$ 37,880	$ 34,449
[1]	As the result of the adoption of ASU 2016-18, Statement of Cash Flow (Topic 230): Restricted Cash, the prior year amounts were retrospectively adjusted to include restricted cash and cash equivalents. See Note A.

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017	Feb. 03, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit related to stock-based compensation	$ 5,100,000	$ 7,900,000	$ 15,000,000	$ 22,700,000
Plan participant's annual percentage ceiling for ESPP (up to)	10.00%		10.00%
Plan participant's annual dollar amount ceiling for ESPP (up to)			$ 25,000
Purchase price for shares under the ESPP (as a percentage)			85.00%
Discount rate under the ESPP (as a percentage)			15.00%
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury shares purchased for tax withholding and available for reissuance (in shares)	27,234	37,214	688,613	683,961
Unvested restricted stock (in shares)	4,842,000		4,842,000		5,483,000
Unamortized compensation expense	$ 137,200,000	$ 123,000,000	$ 137,200,000	$ 123,000,000
Unamortized compensation expense, remaining weighted-average period of recognition (in years)			2 years	2 years
Minimum | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting period (in years)			3 years
Minimum | Performance Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (in years)			2 years
Maximum | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vesting period (in years)			5 years
Maximum | Performance Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (in years)			3 years

Stock-Based Compensation (Unves

Stock-Based Compensation (Unvested Restricted Stock Activity) (Details) - Restricted stock shares in Thousands	9 Months Ended
	Nov. 03, 2018$ / sharesshares
Number of shares
Beginning Balance (in shares) | shares	5,483
Awarded (in shares) | shares	1,179
Released (in shares) | shares	(1,751)
Forfeited (in shares) | shares	(69)
Ending Balance (in shares) | shares	4,842
Weighted average grant date fair value
Beginning Balance (in dollars per share) | $ / shares	$ 51.19
Awarded (in dollars per share) | $ / shares	75.88
Released (in dollars per share) | $ / shares	44.10
Forfeited (in dollars per share) | $ / shares	59.25
Ending Balance (in dollars per share) | $ / shares	$ 60.98

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Earnings Per Share [Abstract]
Weighted average shares excluded from calculation of diluted EPS (in shares)	4,800	14,600	10,000	446,500

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic and Diluted EPS Computations (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Earnings Per Share [Abstract]
Basic EPS (in shares)	368,102	379,432	370,977	382,959
Basic EPS (in dollars per share)	$ 0.92	$ 0.72	$ 3.09	$ 2.38
Effect of dilutive common stock equivalents, (in shares)	2,959	2,700	2,959	2,864
Effect of dilutive common stock equivalents, (in dollars per share)	$ (0.01)	$ 0	$ (0.03)	$ (0.02)
Diluted EPS (in shares)	371,061	382,132	373,936	385,823
Diluted EPS (in dollars per share)	$ 0.91	$ 0.72	$ 3.06	$ 2.36

Debt - Unsecured Senior Debt, N

Debt - Unsecured Senior Debt, Net of Unamortized Discounts and Issuance Costs (Details) - USD ($) $ in Thousands	Nov. 03, 2018	Feb. 03, 2018	Oct. 28, 2017
Debt Instrument [Line Items]
Long-term debt	$ 397,325	$ 396,967	$ 396,848
Less: current portion	84,997	84,973	0
Total due beyond one year	$ 312,328	311,994	396,848
6.38% Series A Senior Notes due 2018
Debt Instrument [Line Items]
Stated interest rate	6.38%
Long-term debt	$ 84,997	84,973	84,964
6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate	6.53%
Long-term debt	$ 64,937	64,922	64,917
3.375% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate	3.375%
Long-term debt	$ 247,391	$ 247,072	$ 246,967

Debt - Narrative (Details)

Debt - Narrative (Details)	9 Months Ended
	Nov. 03, 2018USD ($)note	Feb. 03, 2018USD ($)	Oct. 28, 2017USD ($)
Debt Instrument [Line Items]
Total unamortized discount and debt issuance costs	$ 2,700,000	$ 3,000,000	$ 3,200,000
Unsecured Series A and B Senior Notes
Debt Instrument [Line Items]
Debt instrument	$ 150,000,000
6.38% Series A Senior Notes due 2018
Debt Instrument [Line Items]
Unsecured senior notes interest rate	6.38%
6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Unsecured senior notes interest rate	6.53%
Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Current borrowing capacity	$ 600,000,000
Sublimit for issuance of standby letters of credit	300,000,000
Maximum borrowing capacity (up to)	$ 200,000,000
Basis points margin over LIBOR	1.00%
Borrowings or standby letters of credit	$ 0
Level 1
Debt Instrument [Line Items]
Unsecured senior notes estimated fair value	$ 402,000,000	$ 411,000,000	$ 415,000,000
3.375% Senior Notes due 2024
Debt Instrument [Line Items]
Unsecured senior notes interest rate	3.375%
Debt instrument	$ 250,000,000
Senior Note Held by Various Investors
Debt Instrument [Line Items]
Number of unsecured senior notes held | note	2
6.38% Series A Senior Notes due 2018 | 6.38% Series A Senior Notes due 2018
Debt Instrument [Line Items]
Unsecured senior notes interest rate	6.38%
Debt instrument	$ 85,000,000
6.53% Series B Senior Notes due 2021 | 6.53% Series B Senior Notes due 2021
Debt Instrument [Line Items]
Unsecured senior notes interest rate	6.53%
Debt instrument	$ 65,000,000

Debt - Interest Expense, Net (D

Debt - Interest Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017
Debt Disclosure [Abstract]
Interest expense on long-term debt	$ 4,646	$ 4,645	$ 13,937	$ 13,933
Other interest expense	233	233	768	735
Capitalized interest	(700)	(205)	(1,832)	(387)
Interest income	(7,132)	(2,893)	(17,722)	(6,991)
Interest (income) expense, net	$ (2,953)	$ 1,780	$ (4,849)	$ 7,290

Taxes on Earnings (Details)

Taxes on Earnings (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Feb. 02, 2019	Nov. 03, 2018	Oct. 28, 2017	Nov. 03, 2018	Oct. 28, 2017	Feb. 03, 2018
Income Tax Contingency [Line Items]
Effective income tax rate		24.00%	38.00%	24.00%	37.00%
Provisional tax benefit						$ 80,100
Unrecognized tax benefits		$ 130,500	$ 109,300	$ 130,500	$ 109,300	121,300
Income tax penalties and interest accrued		25,400	20,800	25,400	20,800	$ 22,600
Impact of recognizing taxes and interest related to unrecognized tax benefits		87,800		87,800
Tax benefit		$ (105,545)	$ (166,220)	$ (358,124)	$ (537,182)
Maximum | Internal Revenue Service
Income Tax Contingency [Line Items]
Open tax year				2,017
Maximum | State
Income Tax Contingency [Line Items]
Open tax year				2,017
Minimum | Internal Revenue Service
Income Tax Contingency [Line Items]
Open tax year				2,015
Minimum | State
Income Tax Contingency [Line Items]
Open tax year				2,013
Scenario, Forecast | Subsequent Event
Income Tax Contingency [Line Items]
Tax benefit	$ 26,200
Decrease in unrecognized tax benefits	53,300
Interest and penalties	12,800
Unrecognized tax benefits reduction resulting from lapse of applicable statute of limitations (up to)	$ 8,200