Big Lots (BIGGQ) 10-Q 7 Dec 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 29, 2016	Dec. 02, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	BIG LOTS INC
Entity Central Index Key	768,835
Current Fiscal Year End Date	--01-28
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		44,559,880
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 29, 2016

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Income Statement [Abstract]
Net sales	$ 1,105,498	$ 1,116,474	$ 3,621,228	$ 3,606,615
Cost of sales (exclusive of depreciation expense shown separately below)	663,506	676,467	2,175,132	2,186,658
Gross margin	441,992	440,007	1,446,096	1,419,957
Selling and administrative expenses	409,753	411,994	1,251,905	1,246,545
Depreciation expense	30,294	30,171	90,750	92,388
Operating profit (loss)	1,945	(2,158)	103,441	81,024
Interest expense	(1,665)	(1,272)	(3,793)	(2,737)
Other income (expense)	698	(673)	1,000	(2,387)
Income (loss) from continuing operations before income taxes	978	(4,103)	100,648	75,900
Income tax (benefit) expense	(378)	(2,400)	37,942	27,584
Income (loss) from continuing operations	1,356	(1,703)	62,706	48,316
Income from discontinued operations, net of tax expense of $13, $118, $28, and $10, respectively	20	195	44	25
Net income (loss)	$ 1,376	$ (1,508)	$ 62,750	$ 48,341
Earnings (loss) per common share - basic:
Continuing operations	$ 0.03	$ (0.03)	$ 1.37	$ 0.95
Discontinued operations	0	0	0	0
Earnings (loss) per common share - basic (in dollars per share)	0.03	(0.03)	1.37	0.95
Earnings (loss) per common share - diluted:
Continuing operations	0.03	(0.03)	1.36	0.94
Discontinued operations	0	0	0	0
Earnings (loss) per common share - diluted (in dollars per share)	$ 0.03	$ (0.03)	$ 1.36	$ 0.94
Weighted-average common shares outstanding:
Basic	44,165	49,057	45,678	50,992
Dilutive effect of share-based awards	761	0	578	540
Diluted	44,926	49,057	46,256	51,532
Cash dividends declared per common share	$ 0.21	$ 0.19	$ 0.63	$ 0.57

Consolidated Statements of Ope3

Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Income Statement [Abstract]
Discontinued operations, tax expense	$ 13	$ 118	$ 28	$ 10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Net income (loss)	$ 1,376	$ (1,508)	$ 62,750	$ 48,341
Other comprehensive income:
Amortization of pension, net of tax expense of $217, $190, $686, and $602, respectively	323	313	1,036	912
Valuation adjustment of pension, net of tax expense of $111, $2,008, $655, and $2,247, respectively	160	3,050	992	3,406
Total other comprehensive income	483	3,363	2,028	4,318
Comprehensive income	$ 1,859	$ 1,855	$ 64,778	$ 52,659

Consolidated Statements of Com5

Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Other comprehensive income
Amortization of pension, tax expense	$ (217)	$ (190)	$ (686)	$ (602)
Valuation adjustment of pension, tax expense	$ (111)	$ (2,008)	$ (655)	$ (2,247)

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Oct. 29, 2016	Jan. 30, 2016
Current assets:
Cash and cash equivalents	$ 59,743	$ 54,144
Inventories	1,036,337	849,982
Other current assets	112,251	90,306
Total current assets	1,208,331	994,432
Property and equipment - net	540,669	559,924
Deferred income taxes	56,102	47,739
Other assets	42,141	38,275
Total assets	1,847,243	1,640,370
Current liabilities:
Accounts payable	503,625	382,277
Property, payroll, and other taxes	88,941	76,568
Accrued operating expenses	80,227	81,756
Insurance reserves	42,141	40,661
Accrued salaries and wages	50,243	72,250
Income taxes payable	1,407	24,936
Total current liabilities	766,584	678,448
Long-term obligations	362,900	62,300
Deferred rent	55,291	59,454
Insurance reserves	58,647	58,359
Unrecognized tax benefits	14,639	17,789
Other liabilities	44,107	43,550
Shareholders' equity:
Preferred shares - authorized 2,000 shares; $0.01 par value; none issued	0	0
Common shares - authorized 298,000 shares; $0.01 par value; issued 117,495 shares; outstanding 44,178 shares and 49,101 shares, respectively	1,175	1,175
Treasury shares - 73,317 shares and 68,394 shares, respectively, at cost	(2,293,917)	(2,063,091)
Additional paid-in capital	608,766	588,124
Retained earnings	2,243,000	2,210,239
Accumulated other comprehensive loss	(13,949)	(15,977)
Total shareholders' equity	545,075	720,470
Total liabilities and shareholders' equity	$ 1,847,243	$ 1,640,370

Consolidated Balance Sheets (U7

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares shares in Thousands	Oct. 29, 2016	Jan. 30, 2016
Shareholders' equity:
Preferred shares - authorized shares (in shares)	2,000	2,000
Preferred shares - par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares - shares issued (in shares)	0	0
Common shares - authorized shares (in shares)	298,000	298,000
Common shares - par value (in dollars per share)	$ 0.01	$ 0.01
Common shares - shares issued (in shares)	117,495	117,495
Common shares - outstanding shares (in shares)	44,178	49,101
Treasury shares - shares (in shares)	73,317	68,394

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Jan. 31, 2015	$ 789,550	$ 1,175	$ (1,878,523)	$ 574,454	$ 2,107,100	$ (14,656)
Balance (in shares) at Jan. 31, 2015		52,912
Treasury stock (in shares) at Jan. 31, 2015			64,583
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	52,659	$ 0	$ 0	0	48,341	4,318
Dividends declared	(30,097)	0	0	0	(30,097)	0
Purchases of common shares	(201,849)	$ 0	$ (201,849)	0	0	0
Purchases of common shares, (in shares)		(4,402)	4,402
Exercise of stock options	16,251	$ 0	$ 13,093	3,158	0	0
Exercise of stock options (in shares)		448	(448)
Restricted shares vested	0	$ 0	$ 3,708	(3,708)	0	0
Restricted shares vested (in shares)		127	(127)
Performance shares vested	0	$ 0	$ 0	0	0	0
Performance shares vested (in shares)		0	0
Tax benefit from share-based awards	683	$ 0	$ 0	683	0	0
Share activity related to deferred compensation plan	30	$ 0	$ 27	3	0	0
Share activity related to deferred compensation plan (in shares)		1	(1)
Share-based employee compensation expense	10,045	$ 0	$ 0	10,045	0	0
Balance at Oct. 31, 2015	637,272	$ 1,175	$ (2,063,544)	584,635	2,125,344	(10,338)
Balance (in shares) at Oct. 31, 2015		49,086
Treasury stock (in shares) at Oct. 31, 2015			68,409
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	88,893	$ 0	$ 0	0	94,532	(5,639)
Dividends declared	(9,637)	0	0	0	(9,637)	0
Purchases of common shares	(18)	$ 0	$ (18)	0	0	0
Purchases of common shares, (in shares)		(1)	1
Exercise of stock options	32	$ 0	$ 56	(24)	0	0
Exercise of stock options (in shares)		2	(2)
Restricted shares vested	0	$ 0	$ 39	(39)	0	0
Restricted shares vested (in shares)		1	(1)
Performance shares vested	0	$ 0	$ 0	0	0	0
Performance shares vested (in shares)		0	0
Tax benefit from share-based awards	4	$ 0	$ 0	4	0	0
Share activity related to deferred compensation plan	(7)	$ 0	$ (8)	1	0	0
Share activity related to deferred compensation plan (in shares)		0	0
Other	497	$ 0	$ 384	113	0	0
Other (in shares)		13	(13)
Share-based employee compensation expense	3,434	$ 0	$ 0	3,434	0	0
Balance at Jan. 30, 2016	$ 720,470	$ 1,175	$ (2,063,091)	588,124	2,210,239	(15,977)
Balance (in shares) at Jan. 30, 2016	49,101	49,101
Treasury stock (in shares) at Jan. 30, 2016	68,394		68,394
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	$ 64,778	$ 0	$ 0	0	62,750	2,028
Dividends declared	(29,989)	0	0	0	(29,989)	0
Purchases of common shares	(254,289)	$ 0	$ (254,289)	0	0	0
Purchases of common shares, (in shares)		(5,684)	5,684
Exercise of stock options	18,663	$ 0	$ 15,309	3,354	0	0
Exercise of stock options (in shares)		492	(492)
Restricted shares vested	0	$ 0	$ 7,623	(7,623)	0	0
Restricted shares vested (in shares)		251	(251)
Performance shares vested	0	$ 0	$ 394	(394)	0	0
Performance shares vested (in shares)		13	(13)
Tax benefit from share-based awards	413	$ 0	$ 0	413	0	0
Share activity related to deferred compensation plan	10	$ 0	$ 1	9	0	0
Share activity related to deferred compensation plan (in shares)		0	0
Other	204	$ 0	$ 136	68	0	0
Other (in shares)		5	(5)
Share-based employee compensation expense	24,815	$ 0	$ 0	24,815	0	0
Balance at Oct. 29, 2016	$ 545,075	$ 1,175	$ (2,293,917)	$ 608,766	$ 2,243,000	$ (13,949)
Balance (in shares) at Oct. 29, 2016	44,178	44,178
Treasury stock (in shares) at Oct. 29, 2016	73,317		73,317

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
Operating activities:
Net income	$ 62,750	$ 48,341
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	81,813	81,178
Deferred income taxes	(9,703)	(11,034)
Loss on disposition of property and equipment	760	970
Non-cash share-based compensation expense	24,815	10,045
Excess tax benefit from share-based awards, operating activities	(1,000)	(1,320)
Unrealized (gain) loss on fuel derivative instruments	(2,844)	2,224
Pension expense, net of contributions	(3,213)	(6,479)
Change in assets and liabilities, excluding effects of foreign currency adjustments:
Inventories	(186,355)	(195,653)
Accounts payable	121,348	131,117
Current income taxes	(47,032)	(15,403)
Other current assets	1,836	(10,862)
Other current liabilities	(6,105)	8,361
Other assets	(4,870)	2,551
Other liabilities	11,336	8,282
Net cash provided by operating activities	43,536	52,318
Investing activities:
Capital expenditures	(72,105)	(111,021)
Cash proceeds from sale of property and equipment	266	12,731
Other	(3)	(8)
Net cash used in investing activities	(71,842)	(98,298)
Financing activities:
Net proceeds from borrowings under bank credit facility	300,600	272,800
Payment of capital lease obligations	(3,114)	(3,315)
Dividends paid	(29,169)	(29,198)
Proceeds from the exercise of stock options	18,663	16,251
Excess tax benefit from share-based awards, financing activities	1,000	1,320
Deferred bank credit facility fees paid	0	(779)
Payment for treasury shares acquired	(254,289)	(201,849)
Other	214	30
Net cash provided by financing activities	33,905	55,260
Increase in cash and cash equivalents	5,599	9,280
Cash and cash equivalents:
Beginning of period	54,144	52,261
End of period	$ 59,743	$ 61,541

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Oct. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES All references in this report to “we,” “us,” or “our” are to Big Lots, Inc. and its subsidiaries. We are a unique, non-traditional, discount retailer operating in the United States of America (“U.S.”). At October 29, 2016 , we operated 1,442 stores in 47 states and the District of Columbia. We make available, free of charge, through the “Investor Relations” section of our website ( www.biglots.com ) under the “SEC Filings” caption, our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), as soon as reasonably practicable after we file such material with, or furnish it to, the Securities and Exchange Commission (“SEC”). The contents of our websites are not part of this report. The accompanying consolidated financial statements and these notes have been prepared in accordance with the rules and regulations of the SEC for interim financial information. The consolidated financial statements reflect all normal recurring adjustments which management believes are necessary to present fairly our financial condition, results of operations, and cash flows for all periods presented. These consolidated financial statements, however, do not include all information necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Interim results may not necessarily be indicative of results that may be expected for, or actually result during, any other interim period or for the year as a whole. We have historically experienced, and expect to continue to experience, seasonal fluctuations, with a larger percentage of our net sales and operating profit realized in our fourth fiscal quarter. The accompanying consolidated financial statements and these notes should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended January 30, 2016 (“2015 Form 10-K”). Fiscal Periods Our fiscal year ends on the Saturday nearest to January 31, which results in fiscal years consisting of 52 or 53 weeks . Unless otherwise stated, references to years in this report relate to fiscal years rather than calendar years. Fiscal year 2016 (“ 2016 ”) is comprised of the 52 weeks that began on January 31, 2016 and will end on January 28, 2017 . Fiscal year 2015 (“ 2015 ”) was comprised of the 52 weeks that began on February 1, 2015 and ended on January 30, 2016 . The fiscal quarters ended October 29, 2016 (“ third quarter of 2016 ”) and October 31, 2015 (“ third quarter of 2015 ”) were both comprised of 13 weeks. The year-to-date periods ended October 29, 2016 (“year-to-date 2016 ”) and October 31, 2015 (“year-to-date 2015 ”) were both comprised of 39 weeks. Selling and Administrative Expenses Selling and administrative expenses include store expenses (such as payroll and occupancy costs) and costs related to warehousing, distribution, outbound transportation to our stores, advertising, purchasing, insurance, non-income taxes, and overhead. Our selling and administrative expense rates may not be comparable to those of other retailers that include distribution and outbound transportation costs in cost of sales. Distribution and outbound transportation costs included in selling and administrative expenses were $38.2 million and $41.0 million for the third quarter of 2016 and the third quarter of 2015 , respectively, and $111.3 million and $120.3 million for the year-to-date 2016 and the year-to-date 2015 , respectively. Advertising Expense Advertising costs, which are expensed as incurred, consist primarily of television and print advertising, digital or internet marketing and advertising, and in-store point-of-purchase presentations. Advertising expenses are included in selling and administrative expenses. Advertising expenses were $15.6 million and $15.9 million for the third quarter of 2016 and the third quarter of 2015 , respectively, and $52.3 million and $53.7 million for the year-to-date 2016 and the year-to-date 2015 , respectively. Derivative Instruments We use derivative instruments to mitigate the risk of market fluctuations in diesel fuel prices. We do not enter into derivative instruments for speculative purposes. Our derivative instruments may consist of collar or swap contracts. Our current derivative instruments do not meet the requirements for cash flow hedge accounting. Instead, our derivative instruments are marked-to-market to determine their fair value and any gains or losses are recognized currently in other income (expense) on our consolidated statements of operations. Supplemental Cash Flow Disclosures The following table provides supplemental cash flow information for the year-to-date 2016 and the year-to-date 2015 : Thirty-Nine Weeks Ended (In thousands) October 29, 2016 October 31, 2015 Supplemental disclosure of cash flow information: Cash paid for interest, including capital leases $ 3,127 $ 2,162 Cash paid for income taxes, excluding impact of refunds 102,418 55,671 Gross proceeds from borrowings under bank credit facility 1,285,500 1,190,900 Gross repayments of borrowings under bank credit facility 984,900 918,100 Non-cash activity: Assets acquired under capital leases 171 9,600 Accrued property and equipment 10,074 10,700 Reclassifications Merchandise Categories We periodically assess, and make minor adjustments to, our product hierarchy, which can impact the roll-up of our merchandise categories. Our financial reporting process utilizes the most current product hierarchy in reporting net sales by merchandise category for all periods presented. Therefore, there may be minor reclassifications of net sales by merchandise category compared to previously reported amounts. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The pronouncement was originally set to be effective for annual and interim reporting periods beginning after December 15, 2016. In July 2015, the FASB approved a one-year deferral of the effective date from December 15, 2016 to December 15, 2017, but will allow for early adoption as of December 15, 2016. This ASU permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this guidance will have on our consolidated financial statements as well as the expected adoption method. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This update requires a lessee to recognize a liability to make lease payments and a right-of-use asset representing a right to use the underlying asset for the lease term on the balance sheet. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation–Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This update makes several modifications to the accounting for employee share-based payment transactions, including the requirement to recognize the income tax effects of awards that vest or settle as income tax expense. Additionally, this update clarifies the presentation of certain components of share-based awards in the statement of cash flows. The ASU is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods, and early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

Bank Credit Facility

Bank Credit Facility	9 Months Ended
	Oct. 29, 2016
Debt Disclosure [Abstract]
BANK CREDIT FACILITY	BANK CREDIT FACILITY On July 22, 2011, we entered into a $700 million five -year unsecured credit facility, which was first amended on May 30, 2013. On May 28, 2015, we entered into an additional amendment of the credit facility that among other things extended its expiration date to May 30, 2020 (as amended, the “2011 Credit Agreement”). Borrowings under the 2011 Credit Agreement are available for general corporate purposes and working capital. The 2011 Credit Agreement includes a $30 million swing loan sublimit and a $150 million letter of credit sublimit. The interest rates, pricing and fees under the 2011 Credit Agreement fluctuate based on our debt rating. The 2011 Credit Agreement allows us to select our interest rate for each borrowing from multiple interest rate options. The interest rate options are generally derived from the prime rate or LIBOR. We may prepay revolving loans made under the 2011 Credit Agreement. The 2011 Credit Agreement contains financial and other covenants, including, but not limited to, limitations on indebtedness, liens and investments, as well as the maintenance of two financial ratios – a leverage ratio and a fixed charge coverage ratio. A violation of any of the covenants could result in a default under the 2011 Credit Agreement that would permit the lenders to restrict our ability to further access the 2011 Credit Agreement for loans and letters of credit and require the immediate repayment of any outstanding loans under the 2011 Credit Agreement. At October 29, 2016 , we had $362.9 million of borrowings outstanding under the 2011 Credit Agreement and $7.7 million was committed to outstanding letters of credit, leaving $329.4 million available under the 2011 Credit Agreement.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 29, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS In connection with our nonqualified deferred compensation plan, we had mutual fund investments of $22.9 million and $17.3 million at October 29, 2016 and January 30, 2016 , respectively, which were recorded in other assets. These investments were classified as trading securities and were recorded at their fair value. The fair values of mutual fund investments were Level 1 valuations under the fair value hierarchy because each fund’s quoted market value per share was available in an active market. The fair values of our long-term obligations are estimated based on the quoted market prices for the same or similar issues and the current interest rates offered for similar instruments. These fair value measurements are classified as Level 2 within the fair value hierarchy. Given the variable rate features and relatively short maturity of the instruments underlying our long-term obligations, the carrying value of these instruments approximates the fair value. The carrying value of accounts receivable, accounts payable, and accrued expenses approximates fair value because of the relatively short maturity of these items.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Oct. 29, 2016
Equity [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY Earnings per Share There were no adjustments required to be made to the weighted-average common shares outstanding for purposes of computing basic and diluted earnings per share and there were no securities outstanding at October 29, 2016 or October 31, 2015 which were excluded from the computation of earnings per share other than antidilutive stock options, restricted stock awards, and restricted stock units. For the third quarter of 2016 and the year-to-date 2016, the stock options outstanding that were antidilutive and excluded from the computation of diluted earnings per share were immaterial. For the third quarter of 2015 and the year-to-date 2015 , 0.3 million and 0.3 million , respectively, of the stock options outstanding were antidilutive and excluded from the computation of diluted earnings per share. Antidilutive stock options generally consist of outstanding stock options where the exercise price per share is greater than the weighted-average market price per share for our common shares for each period. Antidilutive stock options, restricted stock awards, and restricted stock units are excluded from the calculation because they decrease the number of diluted shares outstanding under the treasury stock method. The restricted stock awards and restricted stock units that were antidilutive, as determined under the treasury stock method, were immaterial for all periods presented. Share Repurchase Programs On March 1, 2016, our Board of Directors authorized a share repurchase program providing for the repurchase of up to $250 million of our common shares (“2016 Repurchase Program”). The 2016 Repurchase Program was exhausted during the second quarter of 2016. During the year-to-date 2016, we have acquired approximately 5.6 million of our outstanding common shares for $250.0 million under the 2016 Repurchase Program. Dividends The Company declared and paid cash dividends per common share during the periods presented as follows: Dividends Amount Declared Amount Paid 2016: (in thousands) (in thousands) First quarter $ 0.21 $ 10,616 $ 10,597 Second quarter 0.21 9,674 9,282 Third quarter 0.21 9,699 9,290 Total $ 0.63 $ 29,989 $ 29,169 The amount of dividends declared may vary from the amount of dividends paid in a period based on certain instruments with restrictions on payment, including restricted stock awards, restricted stock units, and performance share units. The payment of future dividends will be at the discretion of our Board of Directors and will depend on our financial condition, results of operations, capital requirements, compliance with applicable laws and agreements and any other factors deemed relevant by our Board of Directors.

Share-Based Plans

Share-Based Plans	9 Months Ended
	Oct. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED PLANS	SHARE-BASED PLANS We have issued nonqualified stock options, restricted stock awards, restricted stock units, and performance share units under our shareholder-approved equity compensation plans. Our restricted stock awards and restricted stock units, as described below and/or in note 7 to the consolidated financial statements in our 2015 Form 10-K, are expensed and reported as nonvested shares. We recognized share-based compensation expense of $8.1 million and $3.2 million in the third quarter of 2016 and the third quarter of 2015 , respectively, and $24.8 million and $10.0 million for the year-to-date 2016 and the year-to-date 2015 , respectively. Non-vested Restricted Stock The following table summarizes the non-vested restricted stock awards and restricted stock units activity for the year-to-date 2016 : Number of Shares Weighted Average Grant-Date Fair Value Per Share Outstanding non-vested restricted stock at January 30, 2016 785,149 $ 40.96 Granted 241,897 45.11 Vested (215,582 ) 41.94 Forfeited — — Outstanding non-vested restricted stock at April 30, 2016 811,464 $ 41.94 Granted 18,147 51.93 Vested (27,982 ) 44.36 Forfeited (18,925 ) 43.34 Outstanding non-vested restricted stock at July 30, 2016 782,704 $ 42.05 Granted 1,748 51.45 Vested (8,035 ) 35.92 Forfeited (4,084 ) 46.59 Outstanding non-vested restricted stock at October 29, 2016 772,333 $ 42.12 The non-vested restricted stock units granted in the first, second, and third quarters of 2016 generally vest, and are expensed, on a ratable basis over three years from the grant date of the award, if certain threshold financial performance objectives are achieved and the grantee remains employed by us through the vesting dates. The non-vested restricted stock awards granted in prior years vest if certain financial performance objectives are achieved. If we meet a threshold financial performance objective and the grantee remains employed by us, the restricted stock will vest on the opening of our first trading window five years after the grant date of the award. If we meet a higher financial performance objective and the grantee remains employed by us, the restricted stock will vest on the first trading day after we file our Annual Report on Form 10-K with the SEC for the fiscal year in which the higher objective is met. As of January 31, 2015, we estimated a five -year period for vesting, and therefore expensing, of all non-vested restricted stock awards granted in prior years, as we do not anticipate achieving the higher financial performance objective for any outstanding grants. Non-vested Stock Awards to Non-Employee Directors In the second quarter of 2016 , 19,104 common shares underlying the restricted stock awards granted in 2015 to the non-employee members of our Board of Directors vested on the trading day immediately preceding our 2016 Annual Meeting of Shareholders. These awards were part of the annual compensation granted in 2015 to the non-employee members of the Board of Directors. Additionally, in the second quarter of 2016 , each non-employee elected to our Board of Directors at our 2016 Annual Meeting of Shareholders received an annual restricted stock award having a grant date fair value of approximately $110,000 . The 2016 restricted stock awards will vest on the earlier of (1) the trading day immediately preceding our 2017 Annual Meeting of Shareholders, or (2) the non-employee director’s death or disability. However, the restricted stock award will not vest if the non-employee director ceases to serve on our Board of Directors before either vesting event occurs. Performance Share Units In 2013, in connection with his appointment as CEO and President, Mr. David J. Campisi was awarded 37,800 performance share units (“PSUs”). Mr. Campisi’s PSU award fully vested during the second quarter of 2016. In the year-to-date 2016, we issued PSUs to certain members of management, which vest if certain financial performance objectives are achieved over a three -year performance period and the grantee remains employed by us during that period. At October 29, 2016 , 971,595 nonvested PSUs were outstanding in the aggregate. The financial performance objectives for each fiscal year within the three-year performance period are approved by the Compensation Committee of our Board of Directors during the first quarter of the respective fiscal year. As a result of the process used to establish the financial performance objectives, we will only meet the requirements of establishing a grant date for the PSUs when we communicate the financial performance objectives for the third fiscal year of the award to the award recipients, which will then trigger the service inception date, the fair value of the awards, and the associated expense recognition period. If we meet the applicable threshold financial performance objectives over the three-year performance period and the grantee remains employed by us through the end of the performance period, the PSUs will vest on the first trading day after we file our Annual Report on Form 10-K for the last fiscal year in the performance period. We have begun or expect to begin recognizing expense related to PSUs as follows: Issue Year Outstanding PSUs at October 29, 2016 Actual Grant Date Expected Valuation (Grant) Date Actual or Expected Expense Period 2014 360,357 March 2016 Fiscal 2016 2015 259,042 March 2017 Fiscal 2017 2016 352,196 March 2018 Fiscal 2018 Total 971,595 The number of shares to be distributed upon vesting of the PSUs depends on our average performance attained during the three-year performance period as compared to the targets defined by the Compensation Committee, and may result in the distribution of an amount of shares that is greater or less than the number of PSUs granted, as defined in the award agreement. At October 29, 2016 , we estimate the attainment of an average performance that is greater than the targets established for the PSUs issued in 2014. In the year-to-date 2016, we recognized $ 13.1 million in share-based compensation expense related to PSUs. The following table summarizes the activity related to PSUs for the year-to-date 2016 : PSUs, excluding 2013 CEO PSUs 2013 CEO PSUs Number of Shares Weighted Average Grant-Date Fair Value Per Share Number of Shares Weighted Average Grant-Date Fair Value Per Share Outstanding PSUs at January 30, 2016 — $ — 12,600 $ 34.06 Granted 379,794 41.04 — — Vested — — — — Forfeited — — — — Outstanding PSUs at April 30, 2016 379,794 $ 41.04 12,600 $ 34.06 Granted — — — — Vested — — (12,600 ) 34.06 Forfeited (15,511 ) 41.04 — — Outstanding PSUs at July 30, 2016 364,283 $ 41.04 — $ — Granted — — — — Vested — — — — Forfeited (3,926 ) 41.04 — — Outstanding PSUs at October 29, 2016 360,357 $ 41.04 — $ — Stock Options The following table summarizes stock option activity for the year-to-date 2016 : Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (000's) Outstanding stock options at January 30, 2016 1,174,902 $ 38.26 Exercised (78,813 ) 34.66 Forfeited — — Outstanding stock options at April 30, 2016 1,096,089 $ 38.52 3.0 $ 8,042 Exercised (375,776 ) 38.69 Forfeited (10,000 ) 36.03 Outstanding stock options at July 30, 2016 710,313 $ 38.47 2.9 $ 10,451 Exercised (37,450 ) 37.14 Forfeited (2,500 ) 35.03 Outstanding stock options at October 29, 2016 670,363 $ 38.55 2.7 $ 3,197 Vested or expected to vest at October 29, 2016 668,320 $ 38.56 2.7 $ 3,182 Exercisable at October 29, 2016 487,800 $ 39.52 2.5 $ 1,887 The stock options granted in prior years vest in equal amounts on the first four anniversaries of the grant date and have a contractual term of seven years. The number of stock options expected to vest was based on our annual forfeiture rate assumption. The following activity occurred under our share-based plans during the respective periods shown: Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Total intrinsic value of stock options exercised $ 549 $ 1,098 $ 6,129 $ 5,940 Total fair value of restricted stock vested 397 295 11,469 6,207 Total fair value of performance shares vested — — 621 — The total unearned compensation cost related to all share-based awards outstanding, excluding PSUs issued in 2015 and 2016, at October 29, 2016 was approximately $21.3 million . This compensation cost is expected to be recognized through January 2019 based on existing vesting terms with the weighted-average remaining expense recognition period being approximately 1.4 years from October 29, 2016 .

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Oct. 29, 2016
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Through January 31, 2016, we maintained a qualified defined benefit pension plan (“Pension Plan”) and a nonqualified supplemental defined benefit pension plan (“Supplemental Pension Plan”) covering certain employees whose hire date occurred before April 1, 1994. On October 31, 2015, our Board of Directors approved amendments to freeze benefits and terminate the Pension Plan. The Pension Plan discontinued accruing benefits on December 31, 2015 and the termination was effective January 31, 2016. On December 2, 2015, our Board of Directors approved amendments to freeze benefits and terminate the Supplemental Pension Plan. The Supplemental Pension Plan discontinued accruing benefits on December 31, 2015 and the termination was effective December 31, 2015. We expect to complete the termination of the Pension Plan and the Supplemental Pension Plan by January 28, 2017. The pension liability has been and will be settled through either lump sum payments or purchased annuities. The weighted-average assumptions used to determine net periodic pension cost for our plans were as follows: 2016 2015 Discount rate 1.1 % 3.3 % Rate of increase in compensation levels 0.0 % 2.8 % Expected long-term rate of return 2.8 % 5.2 % The components of combined net periodic pension cost were as follows: Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Service cost - benefits earned in the period $ — $ 512 $ — $ 1,536 Interest cost on projected benefit obligation 208 594 652 1,781 Expected investment return on plan assets (388 ) (653 ) (1,169 ) (1,960 ) Amortization of actuarial loss 540 502 1,722 1,507 Amortization of prior service cost — 1 — 4 Curtailment loss — 192 — 192 Settlement loss 316 1,363 1,571 1,363 Net periodic pension cost $ 676 $ 2,511 $ 2,776 $ 4,423 During the year-to-date 2016, we recognized a settlement loss of $1.6 million, which was driven by terminated vested participants electing to receive lump sum payments. If we are able to complete the full distribution of the pension plans during 2016, we will recognize the remaining unrecognized actuarial loss, or $23.1 million as of October 29, 2016, into income through settlement charges in 2016. As a result of the termination of our Pension Plan, we considered the financial benefit, such as reduced regulatory fees, of making a voluntary contribution to the Pension Plan. During the third quarter of 2016, we made a voluntary contribution of $5.8 million to the Pension Plan. We currently expect to fund our entire pension liability, or $13.2 million , during the next 12 months as a result of the plan terminations.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 29, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES We have estimated the reasonably possible expected net change in unrecognized tax benefits through October 28, 2017, based on 1) expected cash and noncash settlements or payments of uncertain tax positions, and 2) lapses of the applicable statutes of limitations for unrecognized tax benefits. The estimated net decrease in unrecognized tax benefits for the next 12 months is approximately $5.0 million . Actual results may differ materially from this estimate.

Contingencies

Contingencies	9 Months Ended
	Oct. 29, 2016
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES On May 21, May 22 and July 2, 2012, three shareholder derivative lawsuits were filed in the U.S. District Court for the Southern District of Ohio against us and certain of our current and former outside directors and executive officers. The lawsuits were consolidated, and, on August 13, 2012, plaintiffs filed a consolidated complaint captioned In re Big Lots, Inc. Shareholder Litigation , No. 2:12-cv-00445 (S.D. Ohio) (the “Consolidated Derivative Action”), which generally alleged that the individual defendants traded in our common shares based on material, nonpublic information concerning our guidance for fiscal 2012 and the first quarter of fiscal 2012 and the director defendants failed to suspend our share repurchase program during such trading activity. The consolidated complaint asserted claims under Ohio law for breach of fiduciary duty, unjust enrichment, misappropriation of trade secrets and corporate waste and sought declaratory relief and disgorgement to us of proceeds from any wrongful sales of our common shares, plus attorneys’ fees and expenses. The defendants filed a motion to dismiss the consolidated complaint, which was granted by the Court in an Opinion and Order dated April 14, 2015, pursuant to which plaintiffs’ claims were all dismissed with prejudice, with the exception of their claim for corporate waste, which was dismissed without prejudice. On May 5, 2015, plaintiffs filed a Motion for Leave to File Verified Consolidated Amended Shareholder Derivative Complaint, which sought to replead the claim for corporate waste that was dismissed without prejudice by the Court, as well as a Motion for Reconsideration and, in the Alternative, for Certification of Question of State Law to the Supreme Court of Ohio. Defendants’ responses to both motions were filed on May 29, 2015. On August 3, 2015, the Court granted Plaintiffs’ Motion for Leave to File Verified Consolidated Amended Shareholder Derivative Complaint, and Plaintiffs filed the amended complaint on the same date, asserting a claim for corporate waste against Jeffrey Berger, Steven Fishman, David Kollat, Brenda Lauderback, Philip Mallott, Russell Solt, and Dennis Tishkoff. On September 30, 2015, defendants filed an answer to the amended complaint. The case is currently in discovery. We received a letter dated January 28, 2013, sent on behalf of a shareholder demanding that our Board of Directors investigate and take action in connection with the allegations made in the derivative and securities lawsuits described above. The shareholder indicated that he would commence a derivative lawsuit if our Board of Directors failed to take the demanded action. On March 6, 2013, our Board of Directors referred the shareholder’s letter to a committee of independent directors to investigate the matter. That committee, with the assistance of independent outside counsel, investigated the allegations in the shareholder’s demand letter and, on August 28, 2013, reported its findings to our Board of Directors along with its recommendation that the Board reject the shareholder’s demand. Our Board of Directors unanimously accepted the recommendation of the demand investigation committee and, on September 9, 2013, outside counsel for the committee sent a letter to counsel for the shareholder informing the shareholder of the Board’s determination. On October 18, 2013, the shareholder filed a derivative lawsuit captioned Brosz v. Fishman et al. , No. 1:13-cv-00753 (S.D. Ohio) (the “Brosz Action”) in the U.S. District Court for the Southern District of Ohio against us and each of the current and former outside directors and executive officers originally named in the 2012 shareholder derivative lawsuit. The plaintiff’s complaint generally alleged that the individual defendants traded in our common shares based on material, nonpublic information concerning our guidance for fiscal 2012 and the first quarter of fiscal 2012 and the director defendants failed to suspend our share repurchase program during such trading activity. The complaint asserted claims under Ohio law for breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, corporate waste and misappropriation of trade secrets and sought damages, injunctive relief and disgorgement to us of proceeds from any wrongful sales of our common shares, plus attorneys’ fees and expenses. The defendants filed a motion to dismiss the complaint, which was granted by the Court in an Opinion and Order dated April 14, 2015, which dismissed the plaintiff’s claims with prejudice with the exception of his claim for corporate waste and his assertion that our Board of Directors wrongfully rejected his demand to take action against the individually named defendants. On May 5, 2015, the Court so ordered the parties’ stipulation, staying plaintiff’s time to seek leave to amend his complaint in order to make a request to inspect the Company’s books and records pursuant to Ohio Revised Code §1701.37, and plaintiff served that request for inspection on May 8, 2015. On August 17, 2015 plaintiff filed an Amended Verified Shareholder Derivative Complaint. On September 30, 2015, defendants moved to dismiss the amended complaint. As of November 20, 2015 the motion was fully briefed and awaits decision. On February 10, 2014, a shareholder derivative lawsuit was filed in the Franklin County Common Pleas Court in Columbus, Ohio, captioned Tremblay v. Campisi et al. , No. 14CV-02-1421 (Ohio Ct. Com. Pl., Franklin Cnty.) (the “Tremblay Action”), against us and certain of our current and former outside directors and executive officers (David Campisi, Steven Fishman, Joe Cooper, Charles Haubiel, Timothy Johnson, Robert Claxton, John Martin, Norman Rankin, Paul Schroeder, Robert Segal, Steven Smart, David Kollat, Jeffrey Berger, James Chambers, Peter Hayes, Brenda Lauderback, Philip Mallott, Russell Solt, James Tener and Dennis Tishkoff). The plaintiff’s complaint generally alleges that the individual defendants traded in our common shares based on material, nonpublic information concerning our guidance for fiscal 2012 and the first quarter of fiscal 2012 and the director defendants failed to suspend our share repurchase program during such trading activity. The complaint also alleges that we and various individual defendants made false and misleading statements regarding our Canadian operations prior to our announcement on December 5, 2013 that we were exiting the Canadian market. The complaint asserts claims under Ohio law for breach of fiduciary duty, unjust enrichment, waste of corporate assets and misappropriation of insider information and seeks damages, injunctive relief and disgorgement to us of proceeds from any wrongful sales of our common shares, plus attorneys’ fees and expenses. At the parties’ request, the court has stayed this lawsuit until after the judge in the federal derivative lawsuits discussed in the preceding paragraphs has ruled on the motions to dismiss pending in those actions. On August 1, 2016, our Board of Directors passed a resolution creating a special litigation committee (“SLC”) to conduct an independent investigation and determine, in its sole discretion, whether it is in the best interests of the Company to pursue the claims asserted in the Consolidated Derivative Action, the Brosz Action, and the Tremblay Action. The SLC is composed of three members, each of whom is a director that is not a party to any of the derivative actions and was not a member of the Board until well after the relevant time period. The SLC has retained independent counsel and is actively proceeding with its investigation. On October 20, 2016, the Company filed motions to stay all proceedings in the Consolidated Derivative Action and the Brosz Action pending the completion of the SLC’s investigation. On July 9, 2012, a putative securities class action lawsuit captioned Willis, et al. v. Big Lots, Inc., et al. , 2:12-cv-00604 (S.D. Ohio) was filed in the U.S. District Court for the Southern District of Ohio on behalf of persons who acquired our common shares between February 2, 2012 and April 23, 2012. This lawsuit was filed against us, Lisa Bachmann, Mr. Cooper, Mr. Fishman and Mr. Haubiel. The complaint in the putative class action generally alleges that the defendants made statements concerning our financial performance that were false or misleading. The complaint asserts claims under sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 and seeks damages in an unspecified amount, plus attorneys’ fees and expenses. The lead plaintiff filed an amended complaint on April 4, 2013, which added Mr. Johnson as a defendant, removed Ms. Bachmann as a defendant, and extended the putative class period to August 23, 2012. On May 6, 2013, the defendants filed a motion to dismiss the putative class action complaint. On January 21, 2016, the Court granted in part and denied in part the defendants’ motion to dismiss, allowing some claims to move forward. The case is currently in discovery. On May 27, 2016, the lead plaintiff moved for class certification (requesting a class period from March 2, 2012 through August 23, 2012) and to appoint class representatives and class counsel. Defendants opposed the motion and it remains before the Court. We believe that the shareholder derivative and putative class action lawsuits are without merit, and we intend to defend ourselves vigorously against the allegations levied in these lawsuits. While a loss from these lawsuits is reasonably possible, at this time, we cannot reasonably estimate the amount of any loss that may result or whether the lawsuits will have a material impact on our financial statements. On October 1, 2013, we received a subpoena from the District Attorney for the County of Alameda, State of California, seeking information concerning our handling of hazardous materials and hazardous waste in the State of California. We have provided information and are cooperating with the authorities from multiple counties and cities in California in connection with this ongoing matter. In March of 2016, we entered into settlement negotiations related to this matter. Overall, during the first quarter of 2016, we recorded accruals totaling $4.7 million associated with pending legal and regulatory matters. In 2013, we sold certain tabletop torch and citronella products manufactured by a third party. In August 2013, we recalled the products and discontinued their sale in our stores. In 2014, we were named as a defendant in a number of lawsuits relating to these products alleging personal injuries suffered as a result of negligent shelving and pairing of the products, product design, manufacturing and marketing defects and/or breach of warranties. Although we believe that we are entitled to indemnification from the third-party manufacturer of the products for all of the expenses that we have incurred (and may in the future incur) with respect to these matters and that these expenses are covered by our insurance (subject to a $1 million deductible), in the second quarter of 2015, we (1) determined that our ability to obtain any recovery from the manufacturer may be limited because, among other things, the manufacturer has exhausted its applicable insurance coverage, is domiciled outside the United States and has been dissolved by its parent and (2) became engaged in litigation with our excess insurance carrier regarding the scope of our coverage. In the second quarter of 2015, we settled one of the lawsuits and settled another lawsuit in the third quarter of 2015. Two additional lawsuits remain pending against Big Lots in the United States District Court for the Western District of Pennsylvania and the United States District Court for the District of New Jersey, respectively. Both of the outstanding lawsuits are in discovery. Additionally, we have brought a separate lawsuit in the United States District Court of Massachusetts against the company that tested the product. During the second quarter of 2015, we recorded a $4.5 million charge related to these matters. We are involved in other legal actions and claims arising in the ordinary course of business. We currently believe that each such action and claim will be resolved without a material effect on our financial condition, results of operations, or liquidity. However, litigation involves an element of uncertainty. Future developments could cause these actions or claims to have a material effect on our financial condition, results of operations, and liquidity.

Business Segment Data

Business Segment Data	9 Months Ended
	Oct. 29, 2016
Segment Reporting [Abstract]
BUSINESS SEGMENT DATA	BUSINESS SEGMENT DATA We use the following seven merchandise categories, which match our internal management and reporting of merchandise net sales: Food, Consumables, Soft Home, Hard Home, Furniture, Seasonal, and Electronics & Accessories. The Food category includes our beverage & grocery, candy & snacks, and specialty foods departments. The Consumables category includes our health and beauty, plastics, paper, chemical, and pet departments. The Soft Home category includes our home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments. The Hard Home category includes our small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments. The Furniture category includes our upholstery, mattress, ready-to-assemble, and case goods departments. The Seasonal category includes our lawn & garden, summer, Christmas, toys, and other holiday departments. The Electronics & Accessories category includes our electronics, jewelry, apparel, hosiery, and infant accessories departments. We periodically assess, and potentially enact minor adjustments to, our product hierarchy, which can impact the roll-up of our merchandise categories. Our financial reporting process utilizes the most current product hierarchy in reporting net sales by merchandise category for all periods presented. Therefore, there may be minor reclassifications of net sales by merchandise category compared to previously reported amounts. The following table presents net sales data by merchandise category: Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Furniture $ 272,639 $ 261,415 $ 878,972 $ 834,060 Consumables 227,164 229,364 680,649 686,491 Food 199,063 206,316 590,742 602,338 Soft Home 150,375 143,566 446,779 424,952 Hard Home 98,140 110,091 299,348 325,405 Seasonal 91,738 94,373 523,692 517,524 Electronics & Accessories 66,379 71,349 201,046 215,845 Net sales $ 1,105,498 $ 1,116,474 $ 3,621,228 $ 3,606,615

Components of Accumulated Other

Components of Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 29, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS	COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS The following table summarizes the components of accumulated other comprehensive loss, net of tax, during 2016 and 2015 : Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Beginning of period $ (14,432 ) $ (13,701 ) $ (15,977 ) $ (14,656 ) Other comprehensive income before reclassifications (27 ) 2,113 46 2,469 Amounts reclassified from accumulated other comprehensive loss 510 1,250 1,982 1,849 Net period change 483 3,363 2,028 4,318 End of period (13,949 ) (10,338 ) (13,949 ) (10,338 ) The amounts reclassified from accumulated other comprehensive income are associated with our pension plans and have been reclassified to selling and administrative expenses in our statements of operations. Please see note 6 to the consolidated financial statements for further information on our pension plans.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Oct. 29, 2016
Derivative [Line Items]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS We may enter into derivative instruments designed to mitigate certain risks, including collar contracts to mitigate our risk associated with market fluctuations in diesel fuel prices. These contracts are used strictly to limit our risk exposure and not as speculative transactions. Our derivative instruments associated with diesel fuel do not meet the requirements for cash flow hedge accounting. Therefore, our derivative instruments associated with diesel fuel will be marked-to-market to determine their fair value and the associated gains and losses will be recognized currently in other income (expense) on our consolidated statements of operations. Our outstanding derivative instrument contracts for the third quarter of 2016 were comprised of the following: Third Quarter (In thousands) 2016 Diesel fuel collars (in gallons) 5,425 The fair value of our outstanding derivative instrument contracts was as follows: (In thousands) Assets (Liabilities) Derivative Instrument Balance Sheet Location October 29, 2016 January 30, 2016 Diesel fuel collars Other current assets $ 144 $ 78 Other assets 283 794 Accrued operating expenses (1,602 ) (2,799 ) Other liabilities (646 ) (2,738 ) Total derivative instruments $ (1,821 ) $ (4,665 ) The effect of derivative instruments on the consolidated statements of operations was as follows: Amount of Gain (Loss) (In thousands) Third Quarter Year-to-Date Derivative Instrument Statements of Operations Location 2016 2015 2016 2015 Diesel fuel collars Realized Other income (expense) $ (483 ) $ (163 ) $ (1,845 ) $ (163 ) Unrealized Other income (expense) 1,180 (510 ) 2,844 (2,224 ) Total derivative instruments $ 697 $ (673 ) $ 999 $ (2,387 ) The fair values of our derivative instruments are determined using observable inputs from commonly quoted markets. These fair value measurements are classified as Level 2 within the fair value hierarchy.

Basis of Presentation and Sum21

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period, Policy [Policy Text Block]	Fiscal Periods Our fiscal year ends on the Saturday nearest to January 31, which results in fiscal years consisting of 52 or 53 weeks . Unless otherwise stated, references to years in this report relate to fiscal years rather than calendar years. Fiscal year 2016 (“ 2016 ”) is comprised of the 52 weeks that began on January 31, 2016 and will end on January 28, 2017 . Fiscal year 2015 (“ 2015 ”) was comprised of the 52 weeks that began on February 1, 2015 and ended on January 30, 2016 . The fiscal quarters ended October 29, 2016 (“ third quarter of 2016 ”) and October 31, 2015 (“ third quarter of 2015 ”) were both comprised of 13 weeks. The year-to-date periods ended October 29, 2016 (“year-to-date 2016 ”) and October 31, 2015 (“year-to-date 2015 ”) were both comprised of 39 weeks.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Selling and Administrative Expenses Selling and administrative expenses include store expenses (such as payroll and occupancy costs) and costs related to warehousing, distribution, outbound transportation to our stores, advertising, purchasing, insurance, non-income taxes, and overhead. Our selling and administrative expense rates may not be comparable to those of other retailers that include distribution and outbound transportation costs in cost of sales. Distribution and outbound transportation costs included in selling and administrative expenses were $38.2 million and $41.0 million for the third quarter of 2016 and the third quarter of 2015 , respectively, and $111.3 million and $120.3 million for the year-to-date 2016 and the year-to-date 2015 , respectively.
Advertising Costs, Policy [Policy Text Block]	Advertising Expense Advertising costs, which are expensed as incurred, consist primarily of television and print advertising, digital or internet marketing and advertising, and in-store point-of-purchase presentations. Advertising expenses are included in selling and administrative expenses. Advertising expenses were $15.6 million and $15.9 million for the third quarter of 2016 and the third quarter of 2015 , respectively, and $52.3 million and $53.7 million for the year-to-date 2016 and the year-to-date 2015 , respectively.
Derivatives, Policy [Policy Text Block]	Derivative Instruments We use derivative instruments to mitigate the risk of market fluctuations in diesel fuel prices. We do not enter into derivative instruments for speculative purposes. Our derivative instruments may consist of collar or swap contracts. Our current derivative instruments do not meet the requirements for cash flow hedge accounting. Instead, our derivative instruments are marked-to-market to determine their fair value and any gains or losses are recognized currently in other income (expense) on our consolidated statements of operations.
Reclassification, Policy [Policy Text Block]	Reclassifications Merchandise Categories We periodically assess, and make minor adjustments to, our product hierarchy, which can impact the roll-up of our merchandise categories. Our financial reporting process utilizes the most current product hierarchy in reporting net sales by merchandise category for all periods presented. Therefore, there may be minor reclassifications of net sales by merchandise category compared to previously reported amounts.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The pronouncement was originally set to be effective for annual and interim reporting periods beginning after December 15, 2016. In July 2015, the FASB approved a one-year deferral of the effective date from December 15, 2016 to December 15, 2017, but will allow for early adoption as of December 15, 2016. This ASU permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this guidance will have on our consolidated financial statements as well as the expected adoption method. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This update requires a lessee to recognize a liability to make lease payments and a right-of-use asset representing a right to use the underlying asset for the lease term on the balance sheet. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation–Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This update makes several modifications to the accounting for employee share-based payment transactions, including the requirement to recognize the income tax effects of awards that vest or settle as income tax expense. Additionally, this update clarifies the presentation of certain components of share-based awards in the statement of cash flows. The ASU is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods, and early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

Basis of Presentation and Sum22

Basis of Presentation and Summary of Significant Account Policies (Tables)	9 Months Ended
	Oct. 29, 2016
Other Significant Noncash Transactions [Line Items]
Schedule of Other Significant Noncash Transactions [Table Text Block]	The following table provides supplemental cash flow information for the year-to-date 2016 and the year-to-date 2015 : Thirty-Nine Weeks Ended (In thousands) October 29, 2016 October 31, 2015 Supplemental disclosure of cash flow information: Cash paid for interest, including capital leases $ 3,127 $ 2,162 Cash paid for income taxes, excluding impact of refunds 102,418 55,671 Gross proceeds from borrowings under bank credit facility 1,285,500 1,190,900 Gross repayments of borrowings under bank credit facility 984,900 918,100 Non-cash activity: Assets acquired under capital leases 171 9,600 Accrued property and equipment 10,074 10,700

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Oct. 29, 2016
Equity [Abstract]
Dividends Declared [Table Text Block]	The Company declared and paid cash dividends per common share during the periods presented as follows: Dividends Amount Declared Amount Paid 2016: (in thousands) (in thousands) First quarter $ 0.21 $ 10,616 $ 10,597 Second quarter 0.21 9,674 9,282 Third quarter 0.21 9,699 9,290 Total $ 0.63 $ 29,989 $ 29,169

Share-Based Plans (Tables)

Share-Based Plans (Tables)	9 Months Ended
	Oct. 29, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units, Activity [Table Text Block]	The following table summarizes the non-vested restricted stock awards and restricted stock units activity for the year-to-date 2016 : Number of Shares Weighted Average Grant-Date Fair Value Per Share Outstanding non-vested restricted stock at January 30, 2016 785,149 $ 40.96 Granted 241,897 45.11 Vested (215,582 ) 41.94 Forfeited — — Outstanding non-vested restricted stock at April 30, 2016 811,464 $ 41.94 Granted 18,147 51.93 Vested (27,982 ) 44.36 Forfeited (18,925 ) 43.34 Outstanding non-vested restricted stock at July 30, 2016 782,704 $ 42.05 Granted 1,748 51.45 Vested (8,035 ) 35.92 Forfeited (4,084 ) 46.59 Outstanding non-vested restricted stock at October 29, 2016 772,333 $ 42.12
Schedule of Nonvested Performance-based Units Activity [Table Text Block]	The following table summarizes the activity related to PSUs for the year-to-date 2016 : PSUs, excluding 2013 CEO PSUs 2013 CEO PSUs Number of Shares Weighted Average Grant-Date Fair Value Per Share Number of Shares Weighted Average Grant-Date Fair Value Per Share Outstanding PSUs at January 30, 2016 — $ — 12,600 $ 34.06 Granted 379,794 41.04 — — Vested — — — — Forfeited — — — — Outstanding PSUs at April 30, 2016 379,794 $ 41.04 12,600 $ 34.06 Granted — — — — Vested — — (12,600 ) 34.06 Forfeited (15,511 ) 41.04 — — Outstanding PSUs at July 30, 2016 364,283 $ 41.04 — $ — Granted — — — — Vested — — — — Forfeited (3,926 ) 41.04 — — Outstanding PSUs at October 29, 2016 360,357 $ 41.04 — $ —
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table summarizes stock option activity for the year-to-date 2016 : Number of Options Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (000's) Outstanding stock options at January 30, 2016 1,174,902 $ 38.26 Exercised (78,813 ) 34.66 Forfeited — — Outstanding stock options at April 30, 2016 1,096,089 $ 38.52 3.0 $ 8,042 Exercised (375,776 ) 38.69 Forfeited (10,000 ) 36.03 Outstanding stock options at July 30, 2016 710,313 $ 38.47 2.9 $ 10,451 Exercised (37,450 ) 37.14 Forfeited (2,500 ) 35.03 Outstanding stock options at October 29, 2016 670,363 $ 38.55 2.7 $ 3,197 Vested or expected to vest at October 29, 2016 668,320 $ 38.56 2.7 $ 3,182 Exercisable at October 29, 2016 487,800 $ 39.52 2.5 $ 1,887
Schedule of Share Based Compensation, Additional Information [Table Text Block]	The following activity occurred under our share-based plans during the respective periods shown: Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Total intrinsic value of stock options exercised $ 549 $ 1,098 $ 6,129 $ 5,940 Total fair value of restricted stock vested 397 295 11,469 6,207 Total fair value of performance shares vested — — 621 —
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share Based Compensation, Additional Information [Table Text Block]	We have begun or expect to begin recognizing expense related to PSUs as follows: Issue Year Outstanding PSUs at October 29, 2016 Actual Grant Date Expected Valuation (Grant) Date Actual or Expected Expense Period 2014 360,357 March 2016 Fiscal 2016 2015 259,042 March 2017 Fiscal 2017 2016 352,196 March 2018 Fiscal 2018 Total 971,595

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Oct. 29, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Assumptions Used [Table Text Block]	The weighted-average assumptions used to determine net periodic pension cost for our plans were as follows: 2016 2015 Discount rate 1.1 % 3.3 % Rate of increase in compensation levels 0.0 % 2.8 % Expected long-term rate of return 2.8 % 5.2 %
Schedule of Net Benefit Costs [Table Text Block]	The components of combined net periodic pension cost were as follows: Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Service cost - benefits earned in the period $ — $ 512 $ — $ 1,536 Interest cost on projected benefit obligation 208 594 652 1,781 Expected investment return on plan assets (388 ) (653 ) (1,169 ) (1,960 ) Amortization of actuarial loss 540 502 1,722 1,507 Amortization of prior service cost — 1 — 4 Curtailment loss — 192 — 192 Settlement loss 316 1,363 1,571 1,363 Net periodic pension cost $ 676 $ 2,511 $ 2,776 $ 4,423

Business Segment Data (Tables)

Business Segment Data (Tables)	9 Months Ended
	Oct. 29, 2016
Segment Reporting [Abstract]
Schedule of Net Sales by Category [Table Text Block]	The following table presents net sales data by merchandise category: Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Furniture $ 272,639 $ 261,415 $ 878,972 $ 834,060 Consumables 227,164 229,364 680,649 686,491 Food 199,063 206,316 590,742 602,338 Soft Home 150,375 143,566 446,779 424,952 Hard Home 98,140 110,091 299,348 325,405 Seasonal 91,738 94,373 523,692 517,524 Electronics & Accessories 66,379 71,349 201,046 215,845 Net sales $ 1,105,498 $ 1,116,474 $ 3,621,228 $ 3,606,615

Components of Accumulated Oth27

Components of Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 29, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS	The following table summarizes the components of accumulated other comprehensive loss, net of tax, during 2016 and 2015 : Third Quarter Year-to-Date (In thousands) 2016 2015 2016 2015 Beginning of period $ (14,432 ) $ (13,701 ) $ (15,977 ) $ (14,656 ) Other comprehensive income before reclassifications (27 ) 2,113 46 2,469 Amounts reclassified from accumulated other comprehensive loss 510 1,250 1,982 1,849 Net period change 483 3,363 2,028 4,318 End of period (13,949 ) (10,338 ) (13,949 ) (10,338 )

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Oct. 29, 2016
Derivative [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	Our outstanding derivative instrument contracts for the third quarter of 2016 were comprised of the following: Third Quarter (In thousands) 2016 Diesel fuel collars (in gallons) 5,425
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The fair value of our outstanding derivative instrument contracts was as follows: (In thousands) Assets (Liabilities) Derivative Instrument Balance Sheet Location October 29, 2016 January 30, 2016 Diesel fuel collars Other current assets $ 144 $ 78 Other assets 283 794 Accrued operating expenses (1,602 ) (2,799 ) Other liabilities (646 ) (2,738 ) Total derivative instruments $ (1,821 ) $ (4,665 )
Derivative Instruments, Gain (Loss) [Table Text Block]	The effect of derivative instruments on the consolidated statements of operations was as follows: Amount of Gain (Loss) (In thousands) Third Quarter Year-to-Date Derivative Instrument Statements of Operations Location 2016 2015 2016 2015 Diesel fuel collars Realized Other income (expense) $ (483 ) $ (163 ) $ (1,845 ) $ (163 ) Unrealized Other income (expense) 1,180 (510 ) 2,844 (2,224 ) Total derivative instruments $ 697 $ (673 ) $ 999 $ (2,387 )

Basis of Presentation and Sum29

Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 29, 2016USD ($)	Oct. 31, 2015USD ($)
Component of Operating Other Cost and Expense [Line Items]
Number of Stores	1,442		1,442
Number of States in which Entity Operates	47		47
Operating Cycle			52 or 53 weeks
Fiscal Period			P52W	P52W
Current Quarter Period	P13W	P13W
Current Quarter Year To Date Period			P39W	P39W
Distribution and Outbound Transportation Costs	$ 38.2	$ 41	$ 111.3	$ 120.3
Advertising Expense	$ 15.6	$ 15.9	$ 52.3	$ 53.7

Basis of Presentation and Sum30

Basis of Presentation and Summary of Significant Accounting Policies - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015
Supplemental disclosure of cash flow information:
Cash paid for interest, including capital leases	$ 3,127	$ 2,162
Cash paid for income taxes, excluding impact of refunds	102,418	55,671
Gross proceeds from borrowings under the bank credit facility	1,285,500	1,190,900
Gross repayments of borrowings under the bank credit facility	984,900	918,100
Non-cash activity:
Assets acquired under capital leases	171	9,600
Accrued property and equipment	$ 10,074	$ 10,700

Bank Credit Facility (Details)

Bank Credit Facility (Details) - 2011 Credit Agreement [Member] - USD ($) $ in Millions	1 Months Ended
	May 30, 2015	Oct. 29, 2016	May 28, 2015
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 700
Debt Instrument, Term	5 years
Line of Credit Facility, Swing Loan Sublimit	$ 30
Line of Credit Facility, Letter of Credit Sublimit	$ 150
Line of Credit Facility, Amount Outstanding		$ 362.9
Line of Credit Facility, Letters of Credit Outstanding		7.7
Line of Credit Facility, Remaining Borrowing Capacity		$ 329.4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Oct. 29, 2016	Jan. 30, 2016
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Securities, Fair Value Disclosure	$ 22.9	$ 17.3

Shareholders' Equity - Earnings

Shareholders' Equity - Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Earnings Per Share [Abstract]
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0	0	0
Employee Stock Option [Member]
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	300,000	0	300,000
Restricted Stock [Member]
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

Shareholders' Equity - Share Re

Shareholders' Equity - Share Repurchase Programs (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended	9 Months Ended
	Jan. 30, 2016	Oct. 29, 2016	Oct. 31, 2015	Mar. 01, 2016
Class of Stock [Line Items]
Stock Repurchased During Period, Value	$ 18	$ 254,289	$ 201,849
2016 Repurchase Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 250,000
Stock Repurchased During Period, Shares		5.6
Stock Repurchased During Period, Value		$ 250,000

Shareholders' Equity - Dividend

Shareholders' Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				9 Months Ended
	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Jan. 30, 2016	Oct. 29, 2016	Oct. 31, 2015
Dividends, Common Stock [Abstract]
Amount declared (Dividends)				$ 9,637	$ 29,989	$ 30,097
Amount paid (Dividends)					$ 29,169	$ 29,198
Common Stock [Member]
Dividends, Common Stock [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.21	$ 0.21	$ 0.21		$ 0.63
Amount declared (Dividends)	$ 9,699	$ 9,674	$ 10,616		$ 29,989
Amount paid (Dividends)	$ 9,290	$ 9,282	$ 10,597		$ 29,169

Share-Based Plans - General and

Share-Based Plans - General and Other than Options (Details) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015	Jan. 31, 2015	Feb. 01, 2014	Jan. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 8,100,000			$ 3,200,000	$ 24,800,000	$ 10,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	$ 21,300,000				$ 21,300,000
Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	1 year 5 months 1 day
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning balance	782,704	811,464	785,149		785,149
Granted	1,748	18,147	241,897
Vested	(8,035)	(27,982)	(215,582)
Forfeited	(4,084)	(18,925)	0
Nonvested, ending balance	772,333	782,704	811,464		772,333
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Nonvested, Weighted Average Grant Date Fair Value	$ 42.12	$ 42.05	$ 41.94		$ 42.12				$ 40.96
Grants in Period, Weighted Average Grant Date Fair Value	51.45	51.93	45.11
Vested in Period, Weighted Average Grant Date Fair Value	35.92	44.36	41.94
Forfeited in Period, Weighted Average Grant Date Fair Value	$ 46.59	$ 43.34	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Total fair value of equity instrument other than options vested	$ 397,000			295,000	$ 11,469,000	6,207,000
Restricted Stock [Member] | Nonemployee Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vested		(19,104)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Deferred Compensation Arrangement, Fair Value of Shares Issued to Each Director		$ 110,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					3 years
Restricted Stock Awards (RSAs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period					5 years
Restricted Stock Awards (RSAs) [Member] | Current [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period							5 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense					$ 13,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning balance	364,283	379,794	0		0
Granted	0	0	379,794
Vested	0	0	0
Forfeited	(3,926)	(15,511)	0
Nonvested, ending balance	360,357	364,283	379,794		360,357
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Nonvested, Weighted Average Grant Date Fair Value	$ 41.04	$ 41.04	$ 41.04		$ 41.04				0
Grants in Period, Weighted Average Grant Date Fair Value	0	0	41.04
Vested in Period, Weighted Average Grant Date Fair Value	0	0	0
Forfeited in Period, Weighted Average Grant Date Fair Value	$ 41.04	$ 41.04	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					3 years
Share-based Compensation Arrangement by Share-based Payment Award, Performance Share Units Issued, Nonvested, Number	971,595				971,595
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Total fair value of equity instrument other than options vested	$ 0			$ 0	$ 621,000	$ 0
2014 PSU Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Share Units Issued, Nonvested, Number	360,357				360,357
2015 PSU Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Share Units Issued, Nonvested, Number	259,042				259,042
2016 PSU Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Share Units Issued, Nonvested, Number	352,196				352,196
CEO Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning balance	0	12,600	12,600		12,600
Granted	0	0	0					37,800
Vested	0	(12,600)	0
Forfeited	0	0	0
Nonvested, ending balance	0	0	12,600		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Nonvested, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 34.06		$ 0				$ 34.06
Grants in Period, Weighted Average Grant Date Fair Value	0	0	0
Vested in Period, Weighted Average Grant Date Fair Value	0	34.06	0
Forfeited in Period, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 0

Share-Based Plans - Options (De

Share-Based Plans - Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended					9 Months Ended
	Oct. 29, 2016	Jul. 30, 2016	Apr. 30, 2016	Jan. 30, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding stock options, beginning balance	710,313	1,096,089	1,174,902			1,174,902
Exercised	(37,450)	(375,776)	(78,813)
Forfeited	(2,500)	(10,000)	0
Outstanding stock options, ending balance	670,363	710,313	1,096,089	1,174,902		670,363
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options, Vested and Expected to Vest, Outstanding, Number	668,320					668,320
Options, Exercisable, Number	487,800					487,800
Options, Outstanding, Weighted Average Exercise Price	$ 38.55	$ 38.47	$ 38.52	$ 38.26		$ 38.55
Options, Exercises in Period, Weighted Average Exercise Price	37.14	38.69	34.66
Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	35.03	$ 36.03	$ 0
Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	38.56					38.56
Options, Exercisable, Weighted Average Exercise Price	$ 39.52					$ 39.52
Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 8 months 11 days	2 years 11 months 11 days	3 years 1 day
Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 8 months 11 days
Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 5 months 15 days
Options, Outstanding, Intrinsic Value	$ 3,197	$ 10,451	$ 8,042			$ 3,197
Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	3,182					3,182
Options, Exercisable, Intrinsic Value	1,887					1,887
Total intrinsic value of stock options exercised	$ 549				$ 1,098	$ 6,129	$ 5,940
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period						4 years
Share Based Compensation Arrangement By Share Based Payment Award, Award Expiration Period From Grant Date						7 years

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount Rate			1.10%	3.30%
Rate of Increase in Compensation Levels			0.00%	2.80%
Expected Long-term Rate of Return			2.80%	5.20%
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost - benefits earned in the period	$ 0	$ 512	$ 0	$ 1,536
Interest cost on projected benefit obligation	208	594	652	1,781
Expected investment return on plan assets	(388)	(653)	(1,169)	(1,960)
Amortization of actuarial loss	540	502	1,722	1,507
Amortization of prior service cost	0	1	0	4
Curtailment loss	0	192	0	192
Settlement loss	316	1,363	1,571	1,363
Net periodic pension cost	676	$ 2,511	2,776	$ 4,423
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax	23,100		23,100
Defined Benefit Plan, Contributions by Employer	$ 5,800
Defined Benefit Plan, Expected Contributions in Current Fiscal Year			$ 13,200

Income Taxes (Details)

Income Taxes (Details) $ in Millions	Oct. 29, 2016USD ($)
Income Tax Contingency [Line Items]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 5

Contingencies (Details)

Contingencies (Details) $ in Millions	3 Months Ended			9 Months Ended
	Apr. 30, 2016USD ($)	Oct. 31, 2015	Aug. 01, 2015USD ($)	Oct. 29, 2016USD ($)
Unfavorable Regulatory Action [Member]
Loss Contingencies [Line Items]
Loss Contingency, Loss in Period	$ 4.7
Pending Litigation [Member]
Loss Contingencies [Line Items]
Number of Shareholder Derivative Lawsuits				3
Tabletop Torch and Citronella Matter [Member]
Loss Contingencies [Line Items]
Loss Contingency, Loss in Period			$ 4.5
General Liability Insurance Deductible				$ 1
Loss Contingency, Claims Settled, Number			1
Loss Contingency, Claims Settled, Number		1
Loss Contingency, Pending Claims, Number				2

Business Segment Data (Details)

Business Segment Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 1,105,498	$ 1,116,474	$ 3,621,228	$ 3,606,615
Furniture [Member]
Segment Reporting Information [Line Items]
Net sales	272,639	261,415	878,972	834,060
Consumables [Member]
Segment Reporting Information [Line Items]
Net sales	227,164	229,364	680,649	686,491
Food [Member]
Segment Reporting Information [Line Items]
Net sales	199,063	206,316	590,742	602,338
Soft Home [Member]
Segment Reporting Information [Line Items]
Net sales	150,375	143,566	446,779	424,952
Hard Home [Member]
Segment Reporting Information [Line Items]
Net sales	98,140	110,091	299,348	325,405
Seasonal [Member]
Segment Reporting Information [Line Items]
Net sales	91,738	94,373	523,692	517,524
Electronics & Accessories [Member]
Segment Reporting Information [Line Items]
Net sales	$ 66,379	$ 71,349	$ 201,046	$ 215,845

Components of Accumulated Oth42

Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016	Oct. 31, 2015	Oct. 29, 2016	Oct. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (14,432)	$ (13,701)	$ (15,977)	$ (14,656)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(27)	2,113	46	2,469
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	510	1,250	1,982	1,849
Total other comprehensive income (loss)	483	3,363	2,028	4,318
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (13,949)	$ (10,338)	$ (13,949)	$ (10,338)

Derivative Instruments (Details

Derivative Instruments (Details) number in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 29, 2016USD ($)	Oct. 31, 2015USD ($)	Jan. 30, 2016USD ($)
Fuel [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	5,425		5,425
Energy Related Derivative [Member]
Derivative Liability [Abstract]
Derivative, Fair Value, Net	$ (1,821)		$ (1,821)		$ (4,665)
Energy Related Derivative [Member] | Other Nonoperating Income (Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Sale of Commodity Contracts	(483)	$ (163)	(1,845)	$ (163)
Unrealized Gain (Loss) on Commodity Contracts	1,180	(510)	2,844	(2,224)
Derivative, Gain (Loss) on Derivative, Net	697	$ (673)	999	$ (2,387)
Energy Related Derivative [Member] | Other Current Assets [Member]
Derivative Asset [Abstract]
Derivative Asset, Current	144		144		78
Energy Related Derivative [Member] | Other Assets [Member]
Derivative Asset [Abstract]
Derivative Asset	283		283		794
Energy Related Derivative [Member] | Accrued Operating Expenses [Member]
Derivative Liability [Abstract]
Derivative Liability, Current	(1,602)		(1,602)		(2,799)
Energy Related Derivative [Member] | Other Liabilities [Member]
Derivative Liability [Abstract]
Derivative Liability	$ (646)		$ (646)		$ (2,738)