Oxford Industries (OXM) 10-Q 2 Sep 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 30, 2022	Aug. 26, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 30, 2022
Document Transition Report	false
Entity File Number	1-4365
Entity Registrant Name	OXFORD INDUSTRIES, INC.
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-0831862
Entity Address, Address Line One	999 Peachtree Street, N.E.
Entity Address, Address Line Two	Suite 688
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30309
City Area Code	404
Local Phone Number	659-2424
Title of 12(b) Security	Common Stock
Trading Symbol	OXM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,915,563
Entity Central Index Key	0000075288
Current Fiscal Year End Date	--01-28
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Current Assets
Cash and cash equivalents	$ 31,269	$ 44,859	$ 180,389
Short-term investments	154,754	164,890
Receivables, net	50,757	34,550	48,522
Inventories, net	135,483	117,709	77,330
Income tax receivable	19,743	19,728	18,085
Prepaid expenses and other current assets	29,242	18,599	24,720
Total Current Assets	421,248	400,335	349,046
Property and equipment, net	150,887	152,447	157,380
Intangible assets, net	154,853	155,307	155,747
Goodwill	23,861	23,869	23,897
Operating lease assets	179,217	195,100	212,217
Other assets, net	27,136	30,584	33,462
Total Assets	957,202	957,642	931,749
Current Liabilities
Accounts payable	76,974	80,753	62,116
Accrued compensation	28,779	30,345	34,027
Current portion of operating lease liabilities	53,119	61,272	58,523
Accrued expenses and other liabilities	63,768	53,796	65,518
Total Current Liabilities	222,640	226,166	220,184
Non-current portion of operating lease liabilities	180,092	199,488	215,434
Other non-current liabilities	19,200	21,413	21,389
Deferred income taxes	1,254	2,911	1,043
Shareholders' Equity
Common stock, $1.00 par value per share	15,960	16,805	16,895
Additional paid-in capital	166,139	163,156	158,083
Retained earnings	355,037	331,175	302,456
Accumulated other comprehensive loss	(3,120)	(3,472)	(3,735)
Total Shareholders' Equity	534,016	507,664	473,699
Total Liabilities and Shareholders' Equity	$ 957,202	$ 957,642	$ 931,749

CONSOLIDATED BALANCE SHEETS CON

CONSOLIDATED BALANCE SHEETS CONDENSED (Parenthetical) - $ / shares	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 363,430	$ 328,672	$ 716,011	$ 594,434
Cost of goods sold	131,281	119,046	257,485	218,223
Gross profit	232,149	209,626	458,526	376,211
SG&A	163,135	146,367	320,547	283,492
Royalties and other operating income	6,357	4,737	13,370	10,170
Operating income	75,371	67,996	151,349	102,889
Interest expense, net	274	211	516	463
Earnings before income taxes	75,097	67,785	150,833	102,426
Income tax expense	18,485	16,325	36,813	22,498
Net earnings, basic	56,612	51,460	114,020	79,928
Net earnings, diluted	$ 56,612	$ 51,460	$ 114,020	$ 79,928
Net earnings per share:
Basic (in dollars per share)	$ 3.56	$ 3.09	$ 7.07	$ 4.81
Diluted (in dollars per share)	$ 3.49	$ 3.05	$ 6.94	$ 4.75
Weighted average shares outstanding:
Basic (in shares)	15,919	16,637	16,118	16,615
Diluted (in shares)	16,238	16,859	16,430	16,825
Dividends declared per share (in dollars per share)	$ 0.55	$ 0.42	$ 1.10	$ 0.79

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net earnings	$ 56,612	$ 51,460	$ 114,020	$ 79,928
Other comprehensive income (loss), net of taxes:
Net foreign currency translation adjustment	(125)	(462)	352	(71)
Comprehensive income	$ 56,487	$ 50,998	$ 114,372	$ 79,857

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Cash Flows From Operating Activities:
Net earnings	$ 114,020	$ 79,928
Adjustments to reconcile net earnings to cash flows from operating activities:
Depreciation	20,358	18,935
Amortization of intangible assets	454	440
Equity compensation expense	5,252	3,901
Amortization of deferred financing costs	172	172
Deferred income taxes	(1,657)	2,231
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Receivables, net	(16,218)	(16,617)
Inventories, net	(17,867)	46,083
Income tax receivable	(15)	(110)
Prepaid expenses and other current assets	(10,645)	(4,352)
Current liabilities	(939)	24,373
Other balance sheet changes	(2,286)	(5,999)
Cash provided by operating activities	90,629	148,985
Cash Flows From Investing Activities:
Purchases of property and equipment	(19,746)	(16,223)
Purchases of short-term investments	(70,000)
Proceeds from short-term investments	80,000
Other investing activities	(50)	(2,000)
Cash used in investing activities	(9,796)	(18,223)
Cash Flows From Financing Activities:
Repurchase of common stock	(72,680)
Proceeds from issuance of common stock	882	663
Repurchase of equity awards for employee tax withholding liabilities	(3,166)	(2,983)
Cash dividends paid	(17,829)	(13,353)
Other financing activities	(2,010)	(749)
Cash used in financing activities	(94,803)	(16,422)
Net change in cash and cash equivalents	(13,970)	114,340
Effect of foreign currency translation on cash and cash equivalents	380	36
Cash and cash equivalents at the beginning of year	44,859	66,013
Cash and cash equivalents at the end of period	$ 31,269	$ 180,389

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 30, 2022
Business and Summary of Significant Accounting Policies
Basis of Presentation	1. Basis of Presentation: The preparation of our unaudited condensed consolidated financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported as assets, liabilities, revenues and expenses in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The significant accounting policies applied during the interim periods presented are consistent with the significant accounting policies described in our Fiscal 2021 Form 10-K. No recently issued guidance adopted in Fiscal 2022 had a material impact on our consolidated financial statements upon adoption or is expected to have a material impact in future periods. In Fiscal 2021, we exited our Lanier Apparel business, as discussed in Note 11 of our consolidated financial statements of our Fiscal 2021 Form 10-K. The operating results of the Lanier Apparel business in Fiscal 2021 largely reflect activities associated with the ongoing wind down of operations following the 2020 announcement that we would be exiting the business. Recently Issued Accounting Standards Applicable to Future Periods Recent accounting pronouncements pending adoption are either not applicable or not expected to have a material impact on our consolidated financial statements. Recent Macroeconomic Conditions The COVID-19 pandemic has had a significant effect on overall economic conditions and our operations in recent years. In Fiscal 2021, the economic environment improved significantly with a rebound in retail traffic starting in March 2021 and other improvements as the year progressed, although certain stores were closed for portions of Fiscal 2021, particularly in the First Quarter of Fiscal 2021. This improved environment and exceptionally strong consumer demand drove record earnings for us during Fiscal 2021 and have continued in the First Half of Fiscal 2022. There can be no assurance that this strong consumer demand will continue for our business or the broader retail apparel market, which began to experience some tempering of demand in the Summer of 2022. The strong earnings in recent periods are despite certain challenges including labor shortages, supply chain disruptions and product and operating cost increases in Fiscal 2021 and the First Half of Fiscal 2022. We, as well as others in our industry, have increased prices to attempt to offset these inflationary pressures. There remains significant uncertainty in the macroeconomic environment as to the duration and severity of the pandemic, the impact of changing consumer discretionary spending habits, recent supply chain and other business disruptions, ongoing operating cost increases and other inflationary pressures, and general economic conditions. Thus, the ultimate impact of these items on our business remains uncertain at this time. ​ ​

Operating Group Information

Operating Group Information	6 Months Ended
	Jul. 30, 2022
Operating Group Information
Operating Group Information	2. Operating Group Information: allocation across each brand’s direct to consumer, wholesale and licensing operations, as applicable. Our business is organized as our Tommy Bahama, Lilly Pulitzer and Emerging Brands operating groups, along with the results of the Lanier Apparel operating group as it was wound down in Fiscal 2021. Tommy Bahama and Lilly Pulitzer each design, source, market and distribute apparel and related products bearing their respective trademarks and license their trademarks for other product categories. The Emerging Brands operating group consists of the operations of our smaller, earlier stage Southern Tide, TBBC and Duck Head brands. In prior years, Southern Tide was reported as a separate operating group, while both TBBC and Duck Head were included in Corporate and Other. All prior year amounts have been restated to conform to the current year presentation. In Fiscal 2022, we organized our smaller brands into the Emerging Brands operating group. Each of these smaller brands are supported by Oxford’s emerging brands team that provides certain support functions to our three smaller brands, including marketing and advertising execution, customer relationship management and analysis and other functions. The shared resources provide for operating efficiencies and enhanced knowledge sharing across the three brands. Corporate and Other is a reconciling category for reporting purposes and includes our corporate offices, substantially all financing activities, the elimination of inter-segment sales, any other items that are not allocated to the operating groups, including LIFO inventory accounting adjustments, and the operations of our Lyons, Georgia distribution center and our Oxford America business, which we are in process of exiting in Fiscal 2022. For a more extensive description of our Tommy Bahama and Lilly Pulitzer operating groups, see Part I, Item 1. Business included in our Fiscal 2021 Form 10-K. The table below presents certain financial information (in thousands) about our operating groups, as well as Corporate and Other. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter ​ First Half ​ ​ Fiscal 2022 Fiscal 2021 Fiscal 2022 Fiscal 2021 ​ Net sales ​ ​ ​ ​ ​ Tommy Bahama ​ $ 243,965 ​ $ 208,833 ​ $ 472,032 ​ $ 365,531 ​ Lilly Pulitzer ​ 88,665 ​ 87,333 ​ 180,710 ​ 160,909 ​ Emerging Brands ​ 29,913 ​ 22,822 ​ 61,676 ​ 45,253 ​ Lanier Apparel ​ — ​ 8,492 ​ — ​ 20,511 ​ Corporate and Other ​ 887 ​ 1,192 ​ 1,593 ​ 2,230 ​ Consolidated net sales ​ $ 363,430 ​ $ 328,672 ​ $ 716,011 ​ $ 594,434 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ Tommy Bahama ​ $ 6,916 ​ $ 6,866 ​ $ 13,534 ​ $ 13,906 ​ Lilly Pulitzer ​ 3,121 ​ 2,289 ​ 6,096 ​ 4,388 ​ Emerging Brands ​ 393 ​ 321 ​ 752 ​ 631 ​ Lanier Apparel ​ — ​ 25 ​ — ​ 61 ​ Corporate and Other ​ 192 ​ 191 ​ 430 ​ 389 ​ Consolidated depreciation and amortization ​ $ 10,622 ​ $ 9,692 ​ $ 20,812 ​ $ 19,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ​ ​ ​ ​ ​ Tommy Bahama ​ $ 58,918 ​ $ 47,324 ​ $ 111,524 ​ $ 67,984 ​ Lilly Pulitzer ​ ​ 21,492 ​ 25,783 ​ 47,670 ​ 45,728 ​ Emerging Brands ​ 3,991 ​ 4,500 ​ 11,727 ​ 9,461 ​ Lanier Apparel ​ — ​ 850 ​ — ​ 1,705 ​ Corporate and Other ​ (9,030) ​ (10,461) ​ (19,572) ​ (21,989) ​ Consolidated operating income ​ 75,371 ​ 67,996 ​ $ 151,349 ​ $ 102,889 ​ Interest expense, net ​ 274 ​ 211 ​ 516 ​ 463 ​ Earnings before income taxes ​ $ 75,097 ​ $ 67,785 ​ $ 150,833 ​ $ 102,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2022 January 29, 2022 July 31, 2021 Assets ​ ​ ​ ​ Tommy Bahama (1) ​ $ 524,765 ​ $ 531,678 ​ $ 528,517 Lilly Pulitzer (2) ​ 198,681 ​ 176,757 ​ 178,025 Emerging Brands (3) ​ 76,368 ​ 66,825 ​ 49,719 Lanier Apparel (4) ​ — ​ 207 ​ 7,679 Corporate and Other (5) ​ 157,388 ​ 182,175 ​ 167,809 Consolidated Total Assets ​ $ 957,202 ​ $ 957,642 ​ $ 931,749 (1) Decrease in Tommy Bahama total assets from July 31, 2021 includes reductions in operating lease assets and property and equipment partially offset by higher inventories, receivables and prepaid expenses. (2) Increase in Lilly Pulitzer total assets from July 31, 2021 includes increases in inventories and property and equipment partially offset by reductions in operating lease assets. (3) Increase in Emerging Brands total assets from July 31, 2021 includes increases in inventories, receivables, fixed assets and property and equipment. (4) Decrease in Lanier Apparel total assets from July 31, 2021 is due to the exit of the Lanier Apparel business during Fiscal 2021. The July 31, 2021 amounts primarily consisted of receivables, inventories and property and equipment. (5) Decrease in Corporate and Other total assets from July 31, 2021 includes reductions in inventories, which was primarily due to the change in the LIFO reserve, and other non-current assets, partially offset by the net impact of increased short-term investments and reductions in cash and cash equivalents as well as an increase in prepaid expenses. ​ The tables below quantify net sales, for each operating group and in total (in thousands), and the percentage of net sales by distribution channel for each operating group and in total, for each period presented. We have calculated all percentages below based on actual data, and percentages may not add to 100 due to rounding. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter Fiscal 2022 ​ Net Sales Retail E-commerce Restaurant Wholesale Other Tommy Bahama ​ $ 243,965 48 % 28 % 11 % 13 % — % Lilly Pulitzer ​ 88,665 40 % 43 % — % 17 % — % Emerging Brands ​ 29,913 7 % 46 % — % 47 % — % Lanier Apparel ​ — — % — % — % — % — % Corporate and Other ​ 887 — % — % — % 57 % 43 % Total ​ $ 363,430 42 % 33 % 8 % 17 % — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter Fiscal 2021 ​ Net Sales Retail E-commerce Restaurant Wholesale Other Tommy Bahama ​ $ 208,833 48 % 27 % 12 % 13 % — % Lilly Pulitzer ​ 87,333 38 % 46 % — % 16 % — % Emerging Brands ​ 22,822 6 % 41 % — % 53 % — % Lanier Apparel ​ 8,492 — % — % — % 100 % — % Corporate and Other ​ 1,192 — % — % — % 75 % 25 % Total ​ $ 328,672 41 % 32 % 8 % 19 % — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First Half 2022 ​ Net Sales Retail E ‑ commerce Restaurant Wholesale Other Tommy Bahama ​ $ 472,032 47 % 24 % 12 % 17 % — % Lilly Pulitzer ​ 180,710 37 % 43 % — % 20 % — % Emerging Brands ​ 61,676 6 % 38 % — % 56 % — % Lanier Apparel ​ — — % — % — % — % — % Corporate and Other ​ 1,593 — % — % — % 51 % 49 % Consolidated net sales ​ $ 716,011 41 % 30 % 8 % 21 % — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First Half 2021 ​ Net Sales Retail E ‑ commerce Restaurant Wholesale Other Tommy Bahama ​ $ 365,531 45 % 25 % 14 % 16 % — % Lilly Pulitzer ​ 160,909 37 % 44 % — % 19 % — % Emerging Brands ​ 45,253 4 % 38 % — % 58 % — % Lanier Apparel ​ 20,511 — % — % — % 100 % — % Corporate and Other ​ 2,230 — % — % — % 64 % 36 % Consolidated net sales ​ $ 594,434 38 % 30 % 9 % 23 % — % ​

Revenue Recognition and Receiva

Revenue Recognition and Receivables	6 Months Ended
	Jul. 30, 2022
Revenue Recognition and Receivables
Revenue Recognition and Receivables	3. Revenue Recognition and Receivables: The table below quantifies net sales by distribution channel (in thousands) for each period presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter First Half ​ ​ Fiscal 2022 Fiscal 2021 Fiscal 2022 Fiscal 2021 ​ Retail ​ $ 153,976 ​ $ 135,634 ​ $ 290,056 ​ $ 226,914 ​ E-commerce ​ 118,816 ​ 104,753 ​ 215,289 ​ 178,991 ​ Restaurant ​ 27,291 ​ 25,828 ​ 58,176 ​ 51,036 ​ Wholesale ​ 62,799 ​ 62,022 ​ 151,415 ​ 136,475 ​ Other ​ 548 ​ 435 ​ 1,075 ​ 1,018 ​ Net sales ​ $ 363,430 ​ $ 328,672 ​ $ 716,011 ​ $ 594,434 ​ ​ An estimated sales return liability of $14 million, $11 million and $14 million for expected direct to consumer returns is classified in accrued expenses and other liabilities in our consolidated balance sheet as of July 30, 2022, January 29, 2022 and July 31, 2021, respectively. As of July 30, 2022, January 29, 2022 and July 31, 2021, prepaid expenses and other current assets included $5 million, $4 million and $5 million, respectively, representing the estimated value of inventory for expected direct to consumer and wholesale sales returns. Substantially all amounts recognized in receivables, net represent trade receivables related to contracts with customers. In the ordinary course of our wholesale operations, we offer discounts, allowances and cooperative advertising support to and accept returns from certain of our wholesale customers for certain products. As of July 30, 2022, January 29, 2022 and July 31, 2021, reserve balances recorded as a reduction to receivables related to these items were $4 million, $3 million and $5 million, respectively. As of July 30, 2022, January 29, 2022 and July 31, 2021, our provision for credit losses related to receivables included in our consolidated balance sheets was $1 million, $1 million and $2 million, respectively. In both the First Half of Fiscal 2022 and the First Half of Fiscal 2021, provisions for credit losses expense included in our consolidated statement of operations and the write-offs of credit losses was less than $1 million. Contract liabilities for gift cards purchased by consumers and merchandise credits received by customers but not yet redeemed, less any breakage income recognized to date, is included in accrued expenses and other liabilities in our consolidated balance sheet and totaled $15 million, $16 million and $13 million as of July 30, 2022, January 29, 2022, and July 31, 2021, respectively.

Leases

Leases	6 Months Ended
	Jul. 30, 2022
Leases
Leases	4. Leases: For the First Half of Fiscal 2022 operating lease expense, which includes amounts used in determining the operating lease liability and operating lease asset, was $28 million and variable lease expense was $19 million, resulting in total lease expense of $47 million compared to $47 million of total lease expense in the First Half of Fiscal 2021. Cash paid for lease amounts included in the measurement of operating lease liabilities in the First Half of Fiscal 2022 was $35 million, while cash paid for lease amounts included in the measurement of operating lease liabilities in the First Half of Fiscal 2021 was $35 million. As of July 30, 2022, the stated lease liability payments for the fiscal years specified below were as follows (in thousands): ​ ​ ​ ​ ​ Operating lease Remainder of 2022 ​ $ 29,556 2023 ​ ​ 63,898 2024 ​ ​ 50,814 2025 ​ 37,275 2026 ​ 29,689 2027 ​ ​ 17,804 After 2027 ​ 30,781 Total lease payments ​ $ 259,817 Less: Difference between discounted and undiscounted lease payments ​ 26,606 Present value of lease liabilities ​ $ 233,211 ​

Income Taxes

Income Taxes	6 Months Ended
	Jul. 30, 2022
Income Taxes
Income Taxes	5. Income Taxes: The income tax expense in both the First Half of Fiscal 2022 and the First Half of Fiscal 2021 included the benefit of the utilization of certain net operating loss carryforward amounts in certain state and foreign jurisdictions, the recognition of certain tax credit amounts and the vesting of restricted stock awards at a price higher than the grant date fair value. These favorable items were partially offset by certain unfavorable permanent items which are not deductible for income tax purposes. Additionally, and more significantly, the income tax expense in the First Half of Fiscal 2021 included the benefit of a $2 million net reduction in uncertain tax positions resulting from the settlement of those uncertain tax position amounts in the First Quarter of Fiscal 2021.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jul. 30, 2022
Shareholders' Equity
Shareholders' Equity	6. Shareholders’ Equity: Additionally, subsequent to July 30, 2022 through September 1, 2022, we repurchased an additional 50,000 shares of our common stock for $5 million under the open market repurchase program resulting in $14 million remaining under the open market repurchase program as of September 1, 2022. During both the First Quarter of Fiscal 2022 and the First Quarter of Fiscal 2021, we repurchased $3 million of shares from our employees to cover employee tax liabilities related to the vesting of shares of our common stock. ​ The following tables detail the changes (in thousands) in our common stock, additional paid-in capital ("APIC"), retained earnings and accumulated other comprehensive (loss) income ("AOCI"), for each period presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fiscal 2021 ​ Common Stock APIC Retained Earnings AOCI Total January 30, 2021 $ 16,889 $ 156,508 $ 235,995 $ (3,664) $ 405,728 Comprehensive income ​ — ​ — ​ 28,468 ​ 391 ​ 28,859 Shares issued under equity plans ​ 39 ​ 283 ​ — ​ — ​ 322 Compensation expense for equity awards ​ — ​ 2,227 ​ — ​ — ​ 2,227 Repurchase of shares ​ (34) ​ (2,949) ​ — ​ — ​ (2,983) Dividends declared ​ — ​ — ​ (6,252) ​ — ​ (6,252) May 1, 2021 ​ $ 16,894 ​ $ 156,069 ​ $ 258,211 ​ $ (3,273) ​ $ 427,901 Comprehensive income ​ — ​ — ​ 51,460 ​ ​ (462) ​ 50,998 Shares issued under equity plans ​ 1 ​ 341 ​ — ​ — ​ 342 Compensation expense for equity awards ​ — ​ 1,673 ​ — ​ — ​ 1,673 Repurchase of shares ​ — ​ — ​ — ​ — ​ — Dividends declared ​ — ​ — ​ (7,215) ​ — ​ (7,215) July 31, 2021 ​ $ 16,895 ​ $ 158,083 ​ $ 302,456 ​ $ (3,735) ​ $ 473,699 Comprehensive income ​ — ​ — ​ 25,985 ​ 654 ​ 26,639 Shares issued under equity plans ​ (4) ​ 386 ​ — ​ — ​ 382 Compensation expense for equity awards ​ — ​ 1,952 ​ — ​ — ​ 1,952 Repurchase of shares ​ — ​ — ​ — ​ — ​ — Dividends declared ​ — ​ — ​ (7,203) ​ — ​ (7,203) October 30, 2021 ​ $ 16,891 ​ $ 160,421 ​ $ 321,238 ​ $ (3,081) ​ $ 495,469 Comprehensive income ​ — ​ — ​ 25,408 ​ (391) ​ 25,017 Shares issued under equity plans ​ 5 ​ 401 ​ — ​ — ​ 406 Compensation expense for equity awards ​ — ​ 2,334 ​ — ​ — ​ 2,334 Repurchase of shares ​ (91) ​ — ​ (8,268) ​ — ​ (8,359) Dividends declared ​ — ​ — ​ (7,203) ​ — ​ (7,203) January 29, 2022 ​ $ 16,805 ​ $ 163,156 ​ $ 331,175 ​ $ (3,472) ​ $ 507,664 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First Half Fiscal 2022 ​ Common Stock APIC Retained Earnings AOCI Total January 29, 2022 $ 16,805 ​ $ 163,156 ​ $ 331,175 ​ $ (3,472) ​ $ 507,664 Comprehensive income ​ — ​ — ​ 57,408 ​ 477 ​ 57,885 Shares issued under equity plans ​ 5 ​ 387 ​ — ​ — ​ 392 Compensation expense for equity awards ​ — ​ 2,725 ​ — ​ — ​ 2,725 Repurchase of shares ​ (526) ​ (3,131) ​ (42,375) ​ — ​ (46,032) Dividends declared ​ — ​ — ​ (9,214) ​ — ​ (9,214) April 30, 2022 ​ $ 16,284 ​ $ 163,137 ​ $ 336,994 ​ $ (2,995) ​ $ 513,420 Comprehensive income ​ — ​ — ​ 56,612 ​ ​ (125) ​ 56,487 Shares issued under equity plans ​ 15 ​ 475 ​ — ​ — ​ 490 Compensation expense for equity awards ​ — ​ 2,527 ​ — ​ — ​ 2,527 Repurchase of shares ​ (339) ​ — ​ (29,475) ​ — ​ (29,814) Dividends declared ​ — ​ — ​ (9,094) ​ — ​ (9,094) July 30, 2022 ​ $ 15,960 ​ $ 166,139 ​ $ 355,037 ​ $ (3,120) ​ $ 534,016 ​ During the First Quarter of Fiscal 2022, we granted 0.1 million service-based restricted share units, subject to the recipient remaining an employee through the May 2025 vesting date. Additionally, during the First Quarter of Fiscal 2022, we granted 0.1 million total shareholder return-based (“TSR-based”) restricted share units at target subject to (1) our achievement of a specified TSR-based ranking by Oxford relative to a comparator group during a period of approximately three years from the date of grant and (2) the recipient remaining an employee through the May 2025 vesting date. The number of shares ultimately earned for the TSR-based restricted share units will be between 0% and 200% of the restricted share units at target. Neither the service-based or TSR-based restricted share units are included in the table above as the awards are not outstanding shares. Both the service-based and TSR-based restricted share units are entitled to dividend equivalents for dividends declared on our common stock during the vesting period, with the dividend equivalents for the service-based restricted share units payable at the time of the payment of the respective dividend and the dividend equivalents for the TSR-based restricted share units payable after vesting of the restricted shares solely attributable to the number of shares actually earned. Neither the service-based or TSR-based restricted share units have any voting rights during the vesting period. Both the service-based and TSR-based restricted share units granted during the First Quarter of Fiscal 2022 include certain clauses related to accelerated vesting upon the occurrence of qualifying retirement, death or disability of the employee prior to the vesting date. Our stock incentive plans are described in Note 8 to our consolidated financial statements included in our Fiscal 2021 Form 10-K.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 30, 2022
Business and Summary of Significant Accounting Policies
Basis of Presentation	1. Basis of Presentation: The preparation of our unaudited condensed consolidated financial statements in conformity with GAAP requires us to make certain estimates and assumptions that affect the amounts reported as assets, liabilities, revenues and expenses in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The significant accounting policies applied during the interim periods presented are consistent with the significant accounting policies described in our Fiscal 2021 Form 10-K. No recently issued guidance adopted in Fiscal 2022 had a material impact on our consolidated financial statements upon adoption or is expected to have a material impact in future periods. In Fiscal 2021, we exited our Lanier Apparel business, as discussed in Note 11 of our consolidated financial statements of our Fiscal 2021 Form 10-K. The operating results of the Lanier Apparel business in Fiscal 2021 largely reflect activities associated with the ongoing wind down of operations following the 2020 announcement that we would be exiting the business.
Recently Issued Accounting Standards Applicable to Future Periods	Recently Issued Accounting Standards Applicable to Future Periods Recent accounting pronouncements pending adoption are either not applicable or not expected to have a material impact on our consolidated financial statements.

Operating Group Information (Ta

Operating Group Information (Tables)	6 Months Ended
	Jul. 30, 2022
Operating Group Information
Schedule of financial information by operating group	The table below presents certain financial information (in thousands) about our operating groups, as well as Corporate and Other. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter ​ First Half ​ ​ Fiscal 2022 Fiscal 2021 Fiscal 2022 Fiscal 2021 ​ Net sales ​ ​ ​ ​ ​ Tommy Bahama ​ $ 243,965 ​ $ 208,833 ​ $ 472,032 ​ $ 365,531 ​ Lilly Pulitzer ​ 88,665 ​ 87,333 ​ 180,710 ​ 160,909 ​ Emerging Brands ​ 29,913 ​ 22,822 ​ 61,676 ​ 45,253 ​ Lanier Apparel ​ — ​ 8,492 ​ — ​ 20,511 ​ Corporate and Other ​ 887 ​ 1,192 ​ 1,593 ​ 2,230 ​ Consolidated net sales ​ $ 363,430 ​ $ 328,672 ​ $ 716,011 ​ $ 594,434 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ ​ ​ ​ ​ Tommy Bahama ​ $ 6,916 ​ $ 6,866 ​ $ 13,534 ​ $ 13,906 ​ Lilly Pulitzer ​ 3,121 ​ 2,289 ​ 6,096 ​ 4,388 ​ Emerging Brands ​ 393 ​ 321 ​ 752 ​ 631 ​ Lanier Apparel ​ — ​ 25 ​ — ​ 61 ​ Corporate and Other ​ 192 ​ 191 ​ 430 ​ 389 ​ Consolidated depreciation and amortization ​ $ 10,622 ​ $ 9,692 ​ $ 20,812 ​ $ 19,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ​ ​ ​ ​ ​ Tommy Bahama ​ $ 58,918 ​ $ 47,324 ​ $ 111,524 ​ $ 67,984 ​ Lilly Pulitzer ​ ​ 21,492 ​ 25,783 ​ 47,670 ​ 45,728 ​ Emerging Brands ​ 3,991 ​ 4,500 ​ 11,727 ​ 9,461 ​ Lanier Apparel ​ — ​ 850 ​ — ​ 1,705 ​ Corporate and Other ​ (9,030) ​ (10,461) ​ (19,572) ​ (21,989) ​ Consolidated operating income ​ 75,371 ​ 67,996 ​ $ 151,349 ​ $ 102,889 ​ Interest expense, net ​ 274 ​ 211 ​ 516 ​ 463 ​ Earnings before income taxes ​ $ 75,097 ​ $ 67,785 ​ $ 150,833 ​ $ 102,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, 2022 January 29, 2022 July 31, 2021 Assets ​ ​ ​ ​ Tommy Bahama (1) ​ $ 524,765 ​ $ 531,678 ​ $ 528,517 Lilly Pulitzer (2) ​ 198,681 ​ 176,757 ​ 178,025 Emerging Brands (3) ​ 76,368 ​ 66,825 ​ 49,719 Lanier Apparel (4) ​ — ​ 207 ​ 7,679 Corporate and Other (5) ​ 157,388 ​ 182,175 ​ 167,809 Consolidated Total Assets ​ $ 957,202 ​ $ 957,642 ​ $ 931,749 (1) Decrease in Tommy Bahama total assets from July 31, 2021 includes reductions in operating lease assets and property and equipment partially offset by higher inventories, receivables and prepaid expenses. (2) Increase in Lilly Pulitzer total assets from July 31, 2021 includes increases in inventories and property and equipment partially offset by reductions in operating lease assets. (3) Increase in Emerging Brands total assets from July 31, 2021 includes increases in inventories, receivables, fixed assets and property and equipment. (4) Decrease in Lanier Apparel total assets from July 31, 2021 is due to the exit of the Lanier Apparel business during Fiscal 2021. The July 31, 2021 amounts primarily consisted of receivables, inventories and property and equipment. (5) Decrease in Corporate and Other total assets from July 31, 2021 includes reductions in inventories, which was primarily due to the change in the LIFO reserve, and other non-current assets, partially offset by the net impact of increased short-term investments and reductions in cash and cash equivalents as well as an increase in prepaid expenses.
Schedule of net sales by operating group	The tables below quantify net sales, for each operating group and in total (in thousands), and the percentage of net sales by distribution channel for each operating group and in total, for each period presented. We have calculated all percentages below based on actual data, and percentages may not add to 100 due to rounding. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter Fiscal 2022 ​ Net Sales Retail E-commerce Restaurant Wholesale Other Tommy Bahama ​ $ 243,965 48 % 28 % 11 % 13 % — % Lilly Pulitzer ​ 88,665 40 % 43 % — % 17 % — % Emerging Brands ​ 29,913 7 % 46 % — % 47 % — % Lanier Apparel ​ — — % — % — % — % — % Corporate and Other ​ 887 — % — % — % 57 % 43 % Total ​ $ 363,430 42 % 33 % 8 % 17 % — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter Fiscal 2021 ​ Net Sales Retail E-commerce Restaurant Wholesale Other Tommy Bahama ​ $ 208,833 48 % 27 % 12 % 13 % — % Lilly Pulitzer ​ 87,333 38 % 46 % — % 16 % — % Emerging Brands ​ 22,822 6 % 41 % — % 53 % — % Lanier Apparel ​ 8,492 — % — % — % 100 % — % Corporate and Other ​ 1,192 — % — % — % 75 % 25 % Total ​ $ 328,672 41 % 32 % 8 % 19 % — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First Half 2022 ​ Net Sales Retail E ‑ commerce Restaurant Wholesale Other Tommy Bahama ​ $ 472,032 47 % 24 % 12 % 17 % — % Lilly Pulitzer ​ 180,710 37 % 43 % — % 20 % — % Emerging Brands ​ 61,676 6 % 38 % — % 56 % — % Lanier Apparel ​ — — % — % — % — % — % Corporate and Other ​ 1,593 — % — % — % 51 % 49 % Consolidated net sales ​ $ 716,011 41 % 30 % 8 % 21 % — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First Half 2021 ​ Net Sales Retail E ‑ commerce Restaurant Wholesale Other Tommy Bahama ​ $ 365,531 45 % 25 % 14 % 16 % — % Lilly Pulitzer ​ 160,909 37 % 44 % — % 19 % — % Emerging Brands ​ 45,253 4 % 38 % — % 58 % — % Lanier Apparel ​ 20,511 — % — % — % 100 % — % Corporate and Other ​ 2,230 — % — % — % 64 % 36 % Consolidated net sales ​ $ 594,434 38 % 30 % 9 % 23 % — %

Revenue Recognition and Recei_2

Revenue Recognition and Receivables (Tables)	6 Months Ended
	Jul. 30, 2022
Revenue Recognition and Receivables
Schedule of net sales by distribution channel	The table below quantifies net sales by distribution channel (in thousands) for each period presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Second Quarter First Half ​ ​ Fiscal 2022 Fiscal 2021 Fiscal 2022 Fiscal 2021 ​ Retail ​ $ 153,976 ​ $ 135,634 ​ $ 290,056 ​ $ 226,914 ​ E-commerce ​ 118,816 ​ 104,753 ​ 215,289 ​ 178,991 ​ Restaurant ​ 27,291 ​ 25,828 ​ 58,176 ​ 51,036 ​ Wholesale ​ 62,799 ​ 62,022 ​ 151,415 ​ 136,475 ​ Other ​ 548 ​ 435 ​ 1,075 ​ 1,018 ​ Net sales ​ $ 363,430 ​ $ 328,672 ​ $ 716,011 ​ $ 594,434 ​

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 30, 2022
Leases
Schedule of lease liability payments	As of July 30, 2022, the stated lease liability payments for the fiscal years specified below were as follows (in thousands): ​ ​ ​ ​ ​ Operating lease Remainder of 2022 ​ $ 29,556 2023 ​ ​ 63,898 2024 ​ ​ 50,814 2025 ​ 37,275 2026 ​ 29,689 2027 ​ ​ 17,804 After 2027 ​ 30,781 Total lease payments ​ $ 259,817 Less: Difference between discounted and undiscounted lease payments ​ 26,606 Present value of lease liabilities ​ $ 233,211

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jul. 30, 2022
Shareholders' Equity
Schedule of stockholders equity	The following tables detail the changes (in thousands) in our common stock, additional paid-in capital ("APIC"), retained earnings and accumulated other comprehensive (loss) income ("AOCI"), for each period presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fiscal 2021 ​ Common Stock APIC Retained Earnings AOCI Total January 30, 2021 $ 16,889 $ 156,508 $ 235,995 $ (3,664) $ 405,728 Comprehensive income ​ — ​ — ​ 28,468 ​ 391 ​ 28,859 Shares issued under equity plans ​ 39 ​ 283 ​ — ​ — ​ 322 Compensation expense for equity awards ​ — ​ 2,227 ​ — ​ — ​ 2,227 Repurchase of shares ​ (34) ​ (2,949) ​ — ​ — ​ (2,983) Dividends declared ​ — ​ — ​ (6,252) ​ — ​ (6,252) May 1, 2021 ​ $ 16,894 ​ $ 156,069 ​ $ 258,211 ​ $ (3,273) ​ $ 427,901 Comprehensive income ​ — ​ — ​ 51,460 ​ ​ (462) ​ 50,998 Shares issued under equity plans ​ 1 ​ 341 ​ — ​ — ​ 342 Compensation expense for equity awards ​ — ​ 1,673 ​ — ​ — ​ 1,673 Repurchase of shares ​ — ​ — ​ — ​ — ​ — Dividends declared ​ — ​ — ​ (7,215) ​ — ​ (7,215) July 31, 2021 ​ $ 16,895 ​ $ 158,083 ​ $ 302,456 ​ $ (3,735) ​ $ 473,699 Comprehensive income ​ — ​ — ​ 25,985 ​ 654 ​ 26,639 Shares issued under equity plans ​ (4) ​ 386 ​ — ​ — ​ 382 Compensation expense for equity awards ​ — ​ 1,952 ​ — ​ — ​ 1,952 Repurchase of shares ​ — ​ — ​ — ​ — ​ — Dividends declared ​ — ​ — ​ (7,203) ​ — ​ (7,203) October 30, 2021 ​ $ 16,891 ​ $ 160,421 ​ $ 321,238 ​ $ (3,081) ​ $ 495,469 Comprehensive income ​ — ​ — ​ 25,408 ​ (391) ​ 25,017 Shares issued under equity plans ​ 5 ​ 401 ​ — ​ — ​ 406 Compensation expense for equity awards ​ — ​ 2,334 ​ — ​ — ​ 2,334 Repurchase of shares ​ (91) ​ — ​ (8,268) ​ — ​ (8,359) Dividends declared ​ — ​ — ​ (7,203) ​ — ​ (7,203) January 29, 2022 ​ $ 16,805 ​ $ 163,156 ​ $ 331,175 ​ $ (3,472) ​ $ 507,664 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First Half Fiscal 2022 ​ Common Stock APIC Retained Earnings AOCI Total January 29, 2022 $ 16,805 ​ $ 163,156 ​ $ 331,175 ​ $ (3,472) ​ $ 507,664 Comprehensive income ​ — ​ — ​ 57,408 ​ 477 ​ 57,885 Shares issued under equity plans ​ 5 ​ 387 ​ — ​ — ​ 392 Compensation expense for equity awards ​ — ​ 2,725 ​ — ​ — ​ 2,725 Repurchase of shares ​ (526) ​ (3,131) ​ (42,375) ​ — ​ (46,032) Dividends declared ​ — ​ — ​ (9,214) ​ — ​ (9,214) April 30, 2022 ​ $ 16,284 ​ $ 163,137 ​ $ 336,994 ​ $ (2,995) ​ $ 513,420 Comprehensive income ​ — ​ — ​ 56,612 ​ ​ (125) ​ 56,487 Shares issued under equity plans ​ 15 ​ 475 ​ — ​ — ​ 490 Compensation expense for equity awards ​ — ​ 2,527 ​ — ​ — ​ 2,527 Repurchase of shares ​ (339) ​ — ​ (29,475) ​ — ​ (29,814) Dividends declared ​ — ​ — ​ (9,094) ​ — ​ (9,094) July 30, 2022 ​ $ 15,960 ​ $ 166,139 ​ $ 355,037 ​ $ (3,120) ​ $ 534,016

Operating Group Information - F

Operating Group Information - Financial information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022 USD ($) item	Jul. 31, 2021 USD ($)	Jul. 30, 2022 USD ($) item	Jul. 31, 2021 USD ($)
Operating groups
Net sales	$ 363,430	$ 328,672	$ 716,011	$ 594,434
Depreciation and amortization	10,622	9,692	20,812	19,375
Operating income (loss)	75,371	67,996	151,349	102,889
Interest expense, net	274	211	516	463
Earnings before income taxes	75,097	67,785	150,833	102,426
Corporate and Other
Operating groups
Net sales	887	1,192	1,593	2,230
Depreciation and amortization	192	191	430	389
Operating income (loss)	(9,030)	(10,461)	(19,572)	(21,989)
Tommy Bahama | Operating Segments
Operating groups
Net sales	243,965	208,833	472,032	365,531
Depreciation and amortization	6,916	6,866	13,534	13,906
Operating income (loss)	58,918	47,324	111,524	67,984
Lilly Pulitzer | Operating Segments
Operating groups
Net sales	88,665	87,333	180,710	160,909
Depreciation and amortization	3,121	2,289	6,096	4,388
Operating income (loss)	$ 21,492	25,783	$ 47,670	45,728
Emerging Brands
Operating groups
Number of brands | item	3		3
Emerging Brands | Operating Segments
Operating groups
Net sales	$ 29,913	22,822	$ 61,676	45,253
Depreciation and amortization	393	321	752	631
Operating income (loss)	$ 3,991	4,500	$ 11,727	9,461
Lanier Apparel | Operating Segments
Operating groups
Net sales		8,492		20,511
Depreciation and amortization		25		61
Operating income (loss)		$ 850		$ 1,705

Operating Group Information - A

Operating Group Information - Assets (Details) - USD ($) $ in Thousands	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Operating groups
Assets	$ 957,202	$ 957,642	$ 931,749
Corporate and Other
Operating groups
Assets	157,388	182,175	167,809
Tommy Bahama | Operating Segments
Operating groups
Assets	524,765	531,678	528,517
Lilly Pulitzer | Operating Segments
Operating groups
Assets	198,681	176,757	178,025
Emerging Brands | Operating Segments
Operating groups
Assets	$ 76,368	66,825	49,719
Lanier Apparel | Operating Segments
Operating groups
Assets		$ 207	$ 7,679

Operating Group Information - S

Operating Group Information - Sales by operating group (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Operating groups
Net sales	$ 363,430	$ 328,672	$ 716,011	$ 594,434
Operating Segments | Tommy Bahama
Operating groups
Net sales	243,965	208,833	472,032	365,531
Operating Segments | Lilly Pulitzer
Operating groups
Net sales	88,665	87,333	180,710	160,909
Operating Segments | Emerging Brands
Operating groups
Net sales	29,913	22,822	61,676	45,253
Operating Segments | Lanier Apparel
Operating groups
Net sales		8,492		20,511
Corporate and Other
Operating groups
Net sales	887	1,192	1,593	2,230
Retail
Operating groups
Net sales	$ 153,976	$ 135,634	$ 290,056	$ 226,914
Net sales (as a percent)	42%	41%	41%	38%
Retail | Operating Segments | Tommy Bahama
Operating groups
Net sales (as a percent)	48%	48%	47%	45%
Retail | Operating Segments | Lilly Pulitzer
Operating groups
Net sales (as a percent)	40%	38%	37%	37%
Retail | Operating Segments | Emerging Brands
Operating groups
Net sales (as a percent)	7%	6%	6%	4%
E-commerce
Operating groups
Net sales	$ 118,816	$ 104,753	$ 215,289	$ 178,991
Net sales (as a percent)	33%	32%	30%	30%
E-commerce | Operating Segments | Tommy Bahama
Operating groups
Net sales (as a percent)	28%	27%	24%	25%
E-commerce | Operating Segments | Lilly Pulitzer
Operating groups
Net sales (as a percent)	43%	46%	43%	44%
E-commerce | Operating Segments | Emerging Brands
Operating groups
Net sales (as a percent)	46%	41%	38%	38%
Restaurant
Operating groups
Net sales	$ 27,291	$ 25,828	$ 58,176	$ 51,036
Net sales (as a percent)	8%	8%	8%	9%
Restaurant | Operating Segments | Tommy Bahama
Operating groups
Net sales (as a percent)	11%	12%	12%	14%
Wholesale
Operating groups
Net sales	$ 62,799	$ 62,022	$ 151,415	$ 136,475
Net sales (as a percent)	17%	19%	21%	23%
Wholesale | Operating Segments | Tommy Bahama
Operating groups
Net sales (as a percent)	13%	13%	17%	16%
Wholesale | Operating Segments | Lilly Pulitzer
Operating groups
Net sales (as a percent)	17%	16%	20%	19%
Wholesale | Operating Segments | Emerging Brands
Operating groups
Net sales (as a percent)	47%	53%	56%	58%
Wholesale | Operating Segments | Lanier Apparel
Operating groups
Net sales (as a percent)		100%		100%
Wholesale | Corporate and Other
Operating groups
Net sales (as a percent)	57%	75%	51%	64%
Other
Operating groups
Net sales	$ 548	$ 435	$ 1,075	$ 1,018
Other | Corporate and Other
Operating groups
Net sales (as a percent)	43%	25%	49%	36%

Revenue Recognition and Recei_3

Revenue Recognition and Receivables - Net sales by distribution channel (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Revenue
Net sales	$ 363,430	$ 328,672	$ 716,011	$ 594,434
Retail
Revenue
Net sales	153,976	135,634	290,056	226,914
E-commerce
Revenue
Net sales	118,816	104,753	215,289	178,991
Restaurant
Revenue
Net sales	27,291	25,828	58,176	51,036
Wholesale
Revenue
Net sales	62,799	62,022	151,415	136,475
Other
Revenue
Net sales	$ 548	$ 435	$ 1,075	$ 1,018

Revenue Recognition and Recei_4

Revenue Recognition and Receivables - Credit losses and receivables (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jan. 29, 2022
Revenue
Sales return liability	$ 14	$ 14	$ 11
Value of inventory for wholesale and direct to consumer sales returns	5	5	4
Receivable reserve	4	5	3
Credit loss reserve	1	2	1
Contract liabilities	15	13	$ 16
Maximum
Revenue
Write-off of credit losses	$ 1	$ 1

Leases - Expense (Details)

Leases - Expense (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Leases
Operating lease expense	$ 28
Variable lease expense	19
Total lease expense	47	$ 47
Cash paid for lease liabilities	$ 35	$ 35
Maximum
Leases
Lease term	10 years

Leases - Lease liability paymen

Leases - Lease liability payment schedule (Details) $ in Thousands	Jul. 30, 2022 USD ($)
Required lease liability payments due
Remainder of 2022	$ 29,556
2023	63,898
2024	50,814
2025	37,275
2026	29,689
2027	17,804
After 2027	30,781
Total lease payments	259,817
Less: Difference between discounted and undiscounted lease payments	26,606
Present value of lease liabilities	$ 233,211
Operating Lease, Liability, Statement of Financial Position	Current portion of operating lease liabilities, Non-current portion of operating lease liabilities

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Income Taxes
Effective income tax expense (benefit) rate (as a percent)	24.60%	24.10%	24.40%	22%
Typical effective income tax expense (benefit) rate (as a percent)			25%	25%
Net reduction in uncertain tax positions resulting from the settlement of uncertain tax position				$ 2

Shareholders' Equity - Share Re

Shareholders' Equity - Share Repurchases (Details) - USD ($) shares in Thousands, $ in Millions	1 Months Ended	3 Months Ended			6 Months Ended
	Sep. 01, 2022	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021	Jul. 30, 2022
Share Repurchases
Purchase of shares from employees to cover employee tax liabilities of vesting of shares		$ 3		$ 3
Open Market Stock Repurchase Program
Share Repurchases
Repurchase of shares (in shares)			91		830
Repurchase of shares			$ 8		$ 73
Amount authorized for repurchase					100
Amount remaining available for repurchase					19
Open Market Stock Repurchase Program | Subsequent Event
Share Repurchases
Repurchase of shares (in shares)	50
Repurchase of shares	$ 5
Amount remaining available for repurchase	$ 14
Existing Board of Directors' authorization
Share Repurchases
Amount remaining available for repurchase					$ 69

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of changes (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended
	Jul. 30, 2022	Apr. 30, 2022	Jan. 29, 2022	Oct. 30, 2021	Jul. 31, 2021	May 01, 2021	Jul. 30, 2022	Jul. 31, 2021
Shareholders' Equity
Beginning Balance	$ 513,420	$ 507,664	$ 495,469	$ 473,699	$ 427,901	$ 405,728	$ 507,664	$ 405,728
Comprehensive income	56,487	57,885	25,017	26,639	50,998	28,859	114,372	79,857
Shares issued under equity plans	490	392	406	382	342	322
Compensation expense for equity awards	2,527	2,725	2,334	1,952	1,673	2,227
Repurchase of shares	(29,814)	(46,032)	(8,359)			(2,983)
Dividends declared	(9,094)	(9,214)	(7,203)	(7,203)	(7,215)	(6,252)
Ending Balance	534,016	513,420	507,664	495,469	473,699	427,901	534,016	473,699
Common Stock
Shareholders' Equity
Beginning Balance	16,284	16,805	16,891	16,895	16,894	16,889	16,805	16,889
Shares issued under equity plans	15	5	5	(4)	1	39
Repurchase of shares	(339)	(526)	(91)			(34)
Ending Balance	15,960	16,284	16,805	16,891	16,895	16,894	15,960	16,895
Additional Paid-In Capital
Shareholders' Equity
Beginning Balance	163,137	163,156	160,421	158,083	156,069	156,508	163,156	156,508
Shares issued under equity plans	475	387	401	386	341	283
Compensation expense for equity awards	2,527	2,725	2,334	1,952	1,673	2,227
Repurchase of shares		(3,131)				(2,949)
Ending Balance	166,139	163,137	163,156	160,421	158,083	156,069	166,139	158,083
Retained Earnings
Shareholders' Equity
Beginning Balance	336,994	331,175	321,238	302,456	258,211	235,995	331,175	235,995
Comprehensive income	56,612	57,408	25,408	25,985	51,460	28,468
Repurchase of shares	(29,475)	(42,375)	(8,268)
Dividends declared	(9,094)	(9,214)	(7,203)	(7,203)	(7,215)	(6,252)
Ending Balance	355,037	336,994	331,175	321,238	302,456	258,211	355,037	302,456
Accumulated Other Comprehensive (Loss) Income
Shareholders' Equity
Beginning Balance	(2,995)	(3,472)	(3,081)	(3,735)	(3,273)	(3,664)	(3,472)	(3,664)
Comprehensive income	(125)	477	(391)	654	(462)	391
Ending Balance	$ (3,120)	$ (2,995)	$ (3,472)	$ (3,081)	$ (3,735)	$ (3,273)	$ (3,120)	$ (3,735)

Shareholders' Equity - Restrict

Shareholders' Equity - Restricted share units (Details) shares in Millions	3 Months Ended
	Apr. 30, 2022 shares
Restricted share units, Vesting based on service
Equity Compensation
Granted/issued (in shares)	0.1
Restricted share units, Vesting based on performance (TSR- based)
Equity Compensation
Granted/issued (in shares)	0.1
Comparative period	3 years
Restricted share units, Vesting based on performance (TSR- based) | Minimum
Equity Compensation
Shares earned as a percent of share target	0%
Restricted share units, Vesting based on performance (TSR- based) | Maximum
Equity Compensation
Shares earned as a percent of share target	200%