Lands' End (LE) 10-Q 1 Sep 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 29, 2016	Sep. 01, 2016
Document Information [Line Items]
Entity Registrant Name	Lands' End, Inc.
Entity Central Index Key	799,288
Current Fiscal Year End Date	--01-27
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 29, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		32,029,359

Condensed Consolidated and Comb

Condensed Consolidated and Combined Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015
Net revenue	$ 292,010	$ 312,414	$ 565,443	$ 611,801
Cost of sales (excluding depreciation and amortization)	155,858	167,914	299,621	320,737
Gross Profit	136,152	144,500	265,822	291,064
Selling and administrative	128,892	124,880	257,926	258,394
Depreciation and amortization	4,488	4,061	8,624	8,614
Other operating expense (income), net	60	(2,359)	46	(2,357)
Operating income (loss)	2,712	17,918	(774)	26,413
Interest expense	6,174	6,225	12,344	12,411
Other income, net	(528)	(498)	(981)	(1,006)
(Loss) income before income taxes	(2,934)	12,191	(12,137)	15,008
Income Tax Expense (Benefit)	(954)	4,730	(4,398)	5,823
NET (LOSS) INCOME	$ (1,980)	$ 7,461	$ (7,739)	$ 9,185
NET (LOSS) INCOME PER COMMON SHARE (Note 2)
Basic (in USD per share)	$ (0.06)	$ 0.23	$ (0.24)	$ 0.29
Diluted (in USD per share)	$ (0.06)	$ 0.23	$ (0.24)	$ 0.29
Basic weighted average common shares outstanding (shares)	32,024	31,978	32,013	31,967
Diluted weighted average common shares outstanding (shares)	32,024	32,047	32,013	32,049

Condensed Consolidated and Com3

Condensed Consolidated and Combined Balance Sheets - USD ($) $ in Thousands	Jul. 29, 2016	Jan. 29, 2016	Jul. 31, 2015
Current assets
Cash and cash equivalents	$ 210,736	$ 228,368	$ 208,375
Restricted cash	3,300	3,300	3,300
Accounts receivable, net	29,287	32,061	22,550
Inventories, net	354,739	329,203	367,823
Prepaid expenses and other current assets	31,781	23,618	33,827
Total current assets	629,843	616,550	635,875
Property and equipment, net	112,682	109,831	105,976
Goodwill	110,000	110,000	110,000
Intangible asset, net	430,000	430,000	528,300
Other assets	15,913	15,145	15,537
TOTAL ASSETS	1,298,438	1,281,526	1,395,688
Current liabilities
Accounts payable	174,940	146,097	192,472
Other current liabilities	82,212	83,992	88,980
Total current liabilities	257,152	230,089	281,452
Long-term liabilities
Long-term debt, net	491,941	493,838	495,737
Long-term deferred tax liabilities	155,451	157,252	186,162
Other liabilities	16,539	15,838	17,218
TOTAL LIABILITIES	921,083	897,017	980,569
Commitments and contingencies
Stockholders’ equity
Common stock, par value $0.01- authorized: 480,000,000 shares; issued and outstanding: 32,029,359, 31,991,000, 31,991,668, respectively	320	320	320
Additional paid-in capital	345,598	344,244	343,370
Retained earnings	41,590	49,329	78,062
Accumulated other comprehensive loss	(10,153)	(9,384)	(6,633)
Total stockholders’ equity	377,355	384,509	415,119
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,298,438	$ 1,281,526	$ 1,395,688

Condensed Consolidated and Com4

Condensed Consolidated and Combined Balance Sheets (Parenthetical) - $ / shares	Jul. 29, 2016	Jan. 29, 2016	Jul. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (in USD per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	480,000,000	480,000,000	480,000,000
Common stock, shares issued	32,029,359	31,991,668	31,991,000
Common stock, shares outstanding	32,029,359	31,991,668	31,991,000

Condensed Consolidated and Com5

Condensed Consolidated and Combined Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (7,739)	$ 9,185
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	8,624	8,614
Product Recall Expense	0	(2,364)
Amortization of debt issuance costs	856	885
Share-based Compensation	1,752	1,521
Stock-based compensation	46	2
Deferred income taxes	(1,387)	4,757
Change in operating assets and liabilities:
Inventories	(25,983)	(65,667)
Accounts payable	34,472	60,609
Other operating assets	(4,015)	2,829
Increase (Decrease) in Other Operating Liabilities	(4,948)	(16,925)
Net cash provided by operating activities	1,678	3,446
Proceeds from Sale of Property, Plant, and Equipment	44	0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(18,017)	(13,520)
Net cash used in investing activities	(17,973)	(13,520)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of Senior Debt	(2,575)	(2,575)
Net cash used in financing activities	(2,575)	(2,575)
Effects of exchange rate changes on cash	1,238	(430)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(17,632)	(13,079)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	228,368	221,454
CASH AND CASH EQUIVALENTS, END OF YEAR	210,736	208,375
SUPPLEMENTAL CASH FLOW DATA
Unpaid liability to acquire property and equipment	2,297	3,235
Income taxes paid, net of refund	3,067	13,925
Interest Paid	$ 11,291	$ 11,372

Condensed Consolidated and Com6

Condensed Consolidated and Combined Statements of Comprehensive Income Statement - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015
Net (loss) income	$ (1,980)	$ 7,461	$ (7,739)	$ 9,185
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(3,084)	302	(769)	665
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (5,064)	$ 7,763	$ (8,508)	$ 9,850

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Jul. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	BACKGROUND AND BASIS OF PRESENTATION Description of Business and Separation Lands' End, Inc. (“Lands’ End” or the “Company”) is a leading multi-channel retailer of clothing, accessories and footwear, as well as home products. Lands' End offers products through catalogs, online at www.landsend.com, www.canvasbylandsend.com and affiliated specialty and international websites, and through retail locations, primarily at Lands’ End Shops at Sears, stand-alone Lands’ End Inlet stores and international shop-in-shops that sell merchandise in various retail department stores. Terms that are commonly used in the Company's notes to condensed consolidated financial statements are defined as follows: • ABL Facility - Asset-based senior secured credit agreements, dated as of April 4, 2014, with Bank of America, N.A and certain other lenders • ASC - Financial Accounting Standards Board Accounting Standards Codification, which serves as the source for authoritative GAAP, except that rules and interpretive releases by the SEC are also sources of authoritative GAAP for Securities and Exchange Commission registrants • ASU - FASB Accounting Standards Update • CAM - Common area maintenance for leased properties • Debt Facilities - Collectively, the ABL Facility and the Term Loan Facility • EPS - (Loss) earnings per share • ESL - ESL Investments, Inc. and its investment affiliates, including Edward S. Lampert • FASB - Financial Accounting Standards Board • First Quarter 2016 - The thirteen weeks ended April 29, 2016 • Fiscal 2016 - The fifty-two weeks ending January 27, 2017 • Fiscal 2015 - The fifty-two weeks ended January 29, 2016 • GAAP - Accounting principles generally accepted in the United States • LIBOR - London inter-bank offered rate • Sears Holdings or Sears Holdings Corporation - Sears Holdings Corporation, a Delaware Corporation, and its consolidated subsidiaries (other than, for all periods following the Separation, Lands' End) • SEC - United States Securities and Exchange Commission • Second Quarter 2016 - The thirteen weeks ended July 29, 2016 • Second Quarter 2015 - The thirteen weeks ended July 31, 2015 • Separation - On April 4, 2014 Sears Holdings distributed 100% of the outstanding common stock of Lands' End to its shareholders • SYW - Shop Your Way member loyalty program • Tax Sharing Agreement - A tax sharing agreement entered into by Sears Holdings Corporation and Lands' End in connection with the Separation • Term Loan Facility - Term loan credit agreements, dated as of April 4, 2014, with Bank of America, N.A. and certain other lenders • UTBs - Gross unrecognized tax benefits related to uncertain tax positions • Year to Date 2016 - the twenty-six weeks ended July 29, 2016 • Year to Date 2015 - the twenty-six weeks ended July 31, 2015 Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of Lands' End, Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all material adjustments which are of a normal and recurring nature necessary for a fair presentation of the results for the periods presented have been reflected. Dollar amounts are reported in thousands, except per share data, unless otherwise noted. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in the Lands' End Annual Report on Form 10-K filed with the SEC on April 1, 2016. Reclassifications In April 2015, FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which changes the required presentation of debt issuance costs from an asset on the balance sheet to a deduction from related debt liability, and which was adopted by the Company in the First Quarter 2016. The reclassifications resulting from the adoption of this ASU relate to Prepaid expenses and other current assets and Other assets as of January 29, 2016 and July 31, 2015 that were reclassified to Long-term debt. This reclassification reduced our current and total assets and our total liabilities, as previously reported in the Condensed Consolidated Balance Sheet for January 29, 2016 and July 31, 2015 . This reclassification had no effect on the Condensed Consolidated Statements of Operations, Comprehensive Operations, Stockholders’ Equity or Cash Flows as previously reported. See Note 4, Debt, for further discussion.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 29, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Lands’ End and Sears Holdings Corporation entered into a Tax Sharing Agreement in connection with the Separation which governs Sears Holdings Corporation’s and Lands’ End’s respective rights, responsibilities and obligations after the Separation with respect to liabilities for United States federal, state, local and foreign taxes attributable to the Lands’ End business. In addition to the allocation of tax liabilities, the Tax Sharing Agreement addresses the preparation and filing of tax returns for such taxes and dispute resolution with taxing authorities regarding such taxes. Generally, Sears Holdings Corporation is liable for all pre-Separation United States federal, state and local income taxes. Lands’ End generally is liable for all other income taxes attributable to its business, including all foreign taxes. As of July 29, 2016 , the Company had UTBs of $8.3 million . Of this amount, $5.4 million would, if recognized, impact its effective tax rate, with the remaining amount being comprised of UTBs related to gross temporary differences or other indirect benefits. Pursuant to the Tax Sharing Agreement, Sears Holdings Corporation is generally responsible for all United States federal, state and local UTBs through the date of the Separation and, as such, an indemnification asset from Sears Holdings Corporation for the pre-Separation UTBs is recorded in Other assets in the Condensed Consolidated Balance Sheets. The indemnification asset was $14.2 million , $14.6 million and $13.7 million as of July 29, 2016 , July 31, 2015 , and January 29, 2016 , respectively. The Company classifies interest expense and penalties related to UTBs and interest income on tax overpayments as components of income tax expense. As of July 29, 2016 , the total amount of interest expense and penalties recognized on our balance sheet was $6.2 million ( $4.0 million net of federal benefit). The total amount of net interest expense recognized in the Condensed Consolidated Statements of Operations was insignificant for all periods presented. The Company files income tax returns in the United States and various foreign jurisdictions. The Company is under examination by various income tax jurisdictions for the years 2009 to 2015 . During Fiscal 2015, the Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes , which requires an entity to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet rather than as current and noncurrent. As of July 31, 2015, the Company reclassified $2.3 million of current deferred tax liabilities to noncurrent deferred tax liabilities to conform to the current year presentation.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 29, 2016
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The numerator for both basic and diluted EPS is net (loss) income. The denominator for basic EPS is based upon the number of weighted average shares of Lands’ End common stock outstanding during the reporting periods. The denominator for diluted EPS is based upon the number of weighted average shares of Lands' End common stock and common stock equivalents outstanding during the reporting periods using the treasury stock method in accordance with the ASC. The following table summarizes the components of basic and diluted EPS: 13 Weeks Ended 26 Weeks Ended (in thousands, except per share amounts) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Net (loss) income $ (1,980 ) $ 7,461 $ (7,739 ) $ 9,185 Basic weighted average shares outstanding 32,024 31,978 32,013 31,967 Dilutive effect of stock awards — 69 — 82 Diluted weighted average shares outstanding 32,024 32,047 32,013 32,049 Basic (loss) earnings per share $ (0.06 ) $ 0.23 $ (0.24 ) $ 0.29 Diluted (loss) earnings per share $ (0.06 ) $ 0.23 $ (0.24 ) $ 0.29 Anti-dilutive stock awards are comprised of awards which are anti-dilutive in the application of the treasury stock method and are excluded from the diluted weighted average shares outstanding. Total anti-dilutive stock awards were 36,392 and 54,035 shares for the Second Quarter 2016 and Year to Date 2016 , respectively, due to the net loss reported. Total anti-dilutive stock awards were 133,081 shares for both the Second Quarter 2015 and Year to Date 2015 .

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	6 Months Ended
	Jul. 29, 2016
Equity [Abstract]
Other Comprehensive Income (Loss)	OTHER COMPREHENSIVE (LOSS) INCOME Other comprehensive (loss) income encompasses all changes in equity other than those arising from transactions with stockholders, and is comprised solely of foreign currency translation adjustments. 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Beginning balance: Accumulated other comprehensive loss (net of tax of $3,806, $3,734, $5,053 and $3,931, respectively) $ (7,069 ) $ (6,935 ) $ (9,384 ) $ (7,298 ) Other comprehensive (loss) income: Foreign currency translation adjustments (net of tax (benefit) expense of $1,661, $(163), $414 and $(360), respectively) (3,084 ) 302 (769 ) 665 Ending balance: Accumulated other comprehensive loss (net of tax of $5,467, $3,571, $5,467 and $3,571, respectively) $ (10,153 ) $ (6,633 ) $ (10,153 ) $ (6,633 ) No amounts were reclassified out of Accumulated other comprehensive loss during any of the periods presented.

Debt

Debt	6 Months Ended
	Jul. 29, 2016
Debt Disclosure [Abstract]
Debt	DEBT The Company's debt consisted of the following: July 29, 2016 July 31, 2015 January 29, 2016 Amount Rate Amount Rate Amount Rate Term Loan Facility, maturing April 4, 2021 $ 503,412 4.25 % $ 508,563 4.25 % $ 505,988 4.25 % ABL Facility, maturing April 4, 2019 — — % — — % — — % 503,412 508,563 505,988 Less: Current maturities in Other current liabilities, net 5,150 5,150 5,150 Less: Unamortized debt issuance costs 6,321 7,676 7,000 Long-term debt, net $ 491,941 $ 495,737 $ 493,838 The following table summarizes the Company's borrowing availability under the ABL Facility: July 29, 2016 July 31, 2015 January 29, 2016 ABL maximum borrowing $ 175,000 $ 175,000 $ 175,000 Outstanding Letters of Credit 9,398 11,289 24,311 Borrowing availability under ABL $ 165,602 $ 163,711 $ 150,689 During First Quarter 2016, the Company adopted ASU 2015-03, Simplifying the Presentation of Debt Issuance, which requires an entity to present debt issuance costs as a deduction from the related debt liability. To conform to the current year presentation the Company reclassified $1.4 million of Prepaid expenses and other current assets and $6.3 million of Other assets to Long-term debt as of July 31, 2015 . Similarly, as of January 29, 2016, the company reclassified $1.4 million of Prepaid expenses and other current assets and $5.6 million of Other assets to Long-term debt. Interest; Fees The interest rates per annum applicable to the loans under the Debt Facilities are based on a fluctuating rate of interest measured by reference to, at the borrowers’ election, either (i) an adjusted LIBOR rate plus a borrowing margin, or (ii) an alternative base rate plus a borrowing margin. The borrowing margin is fixed for the Term Loan Facility at 3.25% in the case of LIBOR loans and 2.25% in the case of base rate loans. For the Term Loan Facility, LIBOR is subject to a 1% interest rate floor. The borrowing margin for the ABL Facility is subject to adjustment based on the average excess availability under the ABL Facility for the preceding fiscal quarter, and will range from 1.50% to 2.00% in the case of LIBOR borrowings and will range from 0.50% to 1.00% in the case of base rate borrowings. Customary agency fees are payable in respect of both Debt Facilities. The ABL Facility fees also include (i) commitment fees, based on a percentage ranging from approximately 0.25% to 0.375% of the daily unused portions of the ABL Facility, and (ii) customary letter of credit fees. Representations and Warranties; Covenants Subject to specified exceptions, the Debt Facilities contain various representations and warranties and restrictive covenants that, among other things, restrict the ability of Lands’ End and its subsidiaries to incur indebtedness (including guarantees), grant liens, make investments, make dividends or distributions with respect to capital stock, make prepayments on other indebtedness, engage in mergers or change the nature of their business. In addition, if excess availability under the ABL Facility falls below the greater of 10% of the loan cap amount or $15.0 million , Lands’ End will be required to comply with a minimum fixed charge coverage ratio of 1.0 to 1.0 . The Debt Facilities do not otherwise contain financial maintenance covenants. The Company was in compliance with all financial covenants related to the Debt Facilities as of July 29, 2016 . The Debt Facilities contain certain affirmative covenants, including reporting requirements such as delivery of financial statements, certificates and notices of certain events, maintaining insurance, and providing additional guarantees and collateral in certain circumstances.

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	6 Months Ended
	Jul. 29, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The Company determines fair value of financial assets and liabilities based on the following fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels: Level 1 inputs—unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. An active market for the asset or liability is one in which transactions for the asset or liability occurs with sufficient frequency and volume to provide ongoing pricing information. Level 2 inputs—inputs other than quoted market prices included in Level 1 that are observable, either directly or indirectly, for the asset or liability. Level 2 inputs include, but are not limited to, quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs other than quoted market prices that are observable for the asset or liability, such as interest rate curves and yield curves observable at commonly quoted intervals, volatilities, credit risk and default rates. Level 3 inputs—unobservable inputs for the asset or liability. Restricted cash is reflected on the Condensed Consolidated Balance Sheets at fair value. The fair value of restricted cash as of July 29, 2016 , July 31, 2015 and January 29, 2016 was $3.3 million based on Level 1 inputs. Restricted cash amounts are valued based upon statements received from financial institutions. Cash and cash equivalents, accounts receivable, accounts payable and other current liabilities are reflected on the Condensed Consolidated Balance Sheets at cost, which approximates fair value due to the short-term nature of these instruments. Carrying values and fair values of long-term debt, including the short-term portion, in the Condensed Consolidated Balance Sheets are as follows: July 29, 2016 July 31, 2015 January 29, 2016 (in thousands) Carrying Amount Fair Value Carrying Fair Carrying Fair Long-term debt, including short-term portion $ 503,412 $ 395,178 $ 508,563 $ 486,949 $ 505,988 $ 418,073 Long-term debt was valued utilizing level 2 valuation techniques based on the closing inactive market bid price on July 29, 2016 , July 31, 2015 , and January 29, 2016 . There were no nonfinancial assets or nonfinancial liabilities recognized at fair value on a nonrecurring basis as of July 29, 2016 , July 31, 2015 , and January 29, 2016 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jul. 29, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSET The Company's intangible asset, consisting of a trade name, and goodwill were valued as a result of business combinations accounted for under the purchase accounting method. Goodwill represents the excess of the purchase price over the fair value of the net assets acquired. The net carrying amounts of goodwill and trade name are included within the Company's Direct segment. ASC 350, Intangibles - Goodwill and Other, requires companies to test goodwill and indefinite-lived intangible assets for impairment annually, or more often if an event or circumstance indicates that the carrying amount may not be recoverable. There was no impairment charge recorded for the intangible asset in Year to Date 2016 . As a result of the 2015 annual impairment testing the Company recorded a non-cash pretax intangible asset impairment charge of $98.3 million during Fiscal 2015. There was no impairment charge for the intangible asset recorded in any other prior years. There were no impairments of goodwill during any periods presented or since goodwill was first recognized. If actual results are not consistent with our estimates and assumptions used in estimating revenue growth, future cash flows and asset fair values, we could incur further impairment charges for the intangible asset or goodwill, which could have an adverse effect on our results of operations. The following summarizes goodwill and the intangible asset: (in thousands) July 29, 2016 July 31, 2015 January 29, 2016 Indefinite-lived intangible asset: Gross Trade Name $ 528,300 $ 528,300 $ 528,300 Cumulative impairment (98,300 ) — (98,300 ) Net Trade Name 430,000 528,300 430,000 Total intangible asset, net $ 430,000 $ 528,300 $ 430,000 Goodwill $ 110,000 $ 110,000 $ 110,000

Related Party

Related Party	6 Months Ended
	Jul. 29, 2016
Related Party Transactions [Abstract]
Related Party	RELATED PARTY TRANSACTIONS According to statements on form Schedule 13D filed with the SEC by ESL, ESL beneficially owned significant portions of both the Company's and Sears Holdings Corporation's outstanding shares of common stock. Therefore, Sears Holdings Corporation, the Company's former parent company, is considered a related party. In connection with the Separation, the Company entered into various agreements with Sears Holdings which, among other things, (i) govern specified aspects of the Company's relationship following the Separation, especially with regards to the Lands’ End Shops at Sears, and (ii) establish terms pursuant to which subsidiaries of Sears Holdings Corporation are providing services to us. See further descriptions of the transactions in the Company's 2015 Annual Report on Form 10-K. The components of the transactions between the Company and Sears Holdings, which exclude pass-through payments to third parties, are as follows: Lands’ End Shops at Sears Related party costs charged by Sears Holdings to the Company related to Lands’ End Shops at Sears are as follows: 13 Weeks Ended 26 Weeks Ended (in thousands, except for number of stores) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Rent, CAM and occupancy costs $ 6,237 $ 6,532 $ 12,543 $ 12,882 Retail services, store labor 6,084 6,676 12,029 13,277 Financial services and payment processing 671 627 1,390 1,250 Supply chain costs 236 272 551 549 Total expenses $ 13,228 $ 14,107 $ 26,513 $ 27,958 Number of Lands’ End Shops at Sears at period end 224 229 224 229 General Corporate Services Related party costs charged by Sears Holdings to the Company for general corporate services are as follows: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Sourcing $ 1,666 $ 2,454 $ 3,038 $ 4,038 Shop Your Way 612 730 1,074 1,255 Shared services 48 131 95 281 Total expenses $ 2,326 $ 3,315 $ 4,207 $ 5,574 Sourcing The Company contracts with a subsidiary of Sears Holdings to provide agreed upon buying agency services, on a non-exclusive basis, in foreign territories from where the Company purchases merchandise. These services, primarily based upon quantities purchased, include quality-control functions, regulatory compliance, product claims management and new vendor selection and setup assistance. These amounts are included in Cost of sales in the Consolidated and Combined Statements of Comprehensive Operations. During Second Quarter 2016 the Company entered into a new buying agency services agreement with a subsidiary of Sears Holding and terminated the agreement that was entered into at the time of the Separation. The new agreement provides for a higher commission rate and a higher annual commission minimum, as well as enhanced sourcing services, including for product development, costing analyses, vendor communications, vendor strategy and quality assurance. Use of Intellectual Property or Services Related party revenue and costs charged by the Company to and from Sears Holdings for the use of intellectual property or services is as follows: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Call center services $ 521 $ 455 $ 967 $ 669 Lands' End business outfitters revenue 426 317 974 720 Credit card revenue 266 281 511 568 Royalty income 94 103 126 124 Gift card (expense) (6 ) (7 ) (13 ) (11 ) Total income $ 1,301 $ 1,149 $ 2,565 $ 2,070 Call Center Services The Company has entered into a contract with Sears Holdings Management Corporation, a subsidiary of Sears Holdings Corporation, to provide call center services in support of Sears Holdings’ SYW member loyalty program. This income is net of agreed upon costs directly attributable to the Company providing these services. The income is included in Net revenue and costs are included in Selling and administrative expenses in the Condensed Consolidated Statements of Operations. Total call center service income included in Net revenue was $1.9 million , $1.7 million , $3.8 million and $3.1 million for the Second Quarter 2016 , Second Quarter 2015 , Year to Date 2016 and Year to Date 2015 , respectively. Additional Balance Sheet Information At July 29, 2016 , July 31, 2015 and January 29, 2016 the Company included $3.7 million , $4.2 million and $3.9 million in Accounts receivable, net, respectively, and $3.2 million , $9.5 million and $2.7 million in Accounts payable, respectively, in the Condensed Consolidated Balance Sheets to reflect amounts due from and owed to Sears Holdings. At July 29, 2016 , July 31, 2015 and January 29, 2016 a $14.2 million , $14.6 million and $13.7 million receivable, respectively, was recorded by the Company in Other assets in the Condensed Consolidated Balance Sheets to reflect the indemnification by Sears Holdings Corporation of the pre-Separation UTBs (including penalties and interest) for which Sears Holdings Corporation is responsible under the Tax Sharing Agreement.

Segment Reporting

Segment Reporting	6 Months Ended
	Jul. 29, 2016
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING The Company is a leading multi-channel retailer of casual clothing, accessories and footwear, as well as home products, and has two reportable segments: Direct and Retail. Both segments sell similar products and provide services. Product revenues are divided by product categories: Apparel and Non-apparel. The Non-apparel revenues include accessories, footwear, and home goods. Services and other revenue includes embroidery, monogramming, gift wrapping, shipping and other services. Net revenue is aggregated by product category in the following table: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Net revenue: Apparel $ 241,822 $ 258,168 $ 472,980 $ 511,613 Non-apparel 30,517 34,503 57,167 65,828 Service and other 19,671 19,743 35,296 34,360 Total net revenue $ 292,010 $ 312,414 $ 565,443 $ 611,801 The Company identifies reportable segments according to how business activities are managed and evaluated. Each of the Company’s operating segments are reportable segments and are strategic business units that offer similar products and services but are sold either directly from its warehouses (Direct) or through its retail stores (Retail). Adjusted EBITDA is the primary measure used to make decisions on allocating resources and assessing performance of each operating segment. Adjusted EBITDA is computed as Income before taxes appearing on the Condensed Consolidated Statements of Operations net of interest expense, depreciation and amortization and other significant items that while periodically affecting the Company's results, may vary significantly from period to period and may have a disproportionate effect in a given period, which may affect comparability of results. Reportable segment assets are those directly used in or clearly allocable to an operating segment’s operations. Depreciation, amortization, and property and equipment expenditures are recognized in each respective segment. There were no material transactions between reporting segments for any periods presented. • The Direct segment sells products through the Company’s e-commerce websites and direct mail catalogs. Operating costs consist primarily of direct marketing costs (catalog and e-commerce marketing costs); order processing and shipping costs; direct labor and benefits costs and facility costs. Assets primarily include goodwill and trade name intangible assets, inventory, accounts receivable, prepaid expenses (deferred catalog costs), technology infrastructure, and property and equipment. • The Retail segment sells products and services through dedicated Lands’ End Shops at Sears across the United States, the Company’s stand-alone Lands’ End Inlet stores and international shop-in-shops. Operating costs consist primarily of labor and benefits costs; rent, CAM and occupancy costs; distribution costs; and in-store marketing costs. Assets primarily include retail inventory, fixtures and leasehold improvements. • Corporate overhead and other expenses include unallocated shared-service costs, which primarily consist of employee services and financial services, legal and corporate expenses. These expenses include labor and benefits costs, corporate headquarters occupancy costs and other administrative expenses. Assets include corporate headquarters and facilities, corporate cash and cash equivalents and deferred income taxes. Financial information by segment is presented in the following tables. SUMMARY OF SEGMENT DATA 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Net revenue: Direct $ 246,395 $ 264,735 $ 478,580 518,108 Retail 45,521 47,577 86,737 93,569 Corporate / other 94 102 126 124 Total net revenue $ 292,010 $ 312,414 $ 565,443 $ 611,801 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Adjusted EBITDA: Direct $ 14,780 $ 26,687 $ 27,612 $ 48,365 Retail 450 663 (3,480 ) 807 Corporate / other (7,970 ) (7,730 ) (16,236 ) (16,502 ) Total adjusted EBITDA $ 7,260 $ 19,620 $ 7,896 $ 32,670 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Depreciation and amortization: Direct $ 3,720 $ 3,200 $ 7,070 $ 6,895 Retail 406 499 825 996 Corporate / other 362 362 729 723 Total depreciation and amortization $ 4,488 $ 4,061 $ 8,624 $ 8,614 (in thousands) July 29, 2016 July 31, 2015 January 29, 2016 Total Assets: Direct $ 980,173 $ 1,078,682 $ 953,502 Retail 78,011 76,593 69,321 Corporate / other 240,254 240,413 258,703 Total assets $ 1,298,438 $ 1,395,688 $ 1,281,526 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Capital expenditures: Direct $ 7,461 $ 2,419 $ 17,763 $ 13,302 Retail 71 53 254 53 Corporate / other — 74 — 165 Total capital expenditures $ 7,532 $ 2,546 $ 18,017 $ 13,520

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 29, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Legal Proceedings The Company is party to various claims, legal proceedings and investigations arising in the ordinary course of business. Some of these actions involve complex factual and legal issues and are subject to uncertainties. At this time, the Company is not able to either predict the outcome of these legal proceedings or reasonably estimate a potential range of loss with respect to the proceedings. While it is not feasible to predict the outcome of such pending claims, proceedings and investigations with certainty, management is of the opinion that their ultimate resolution should not have a material adverse effect on results of operations, cash flows or financial position taken as a whole. Beginning in 2005, the Company initiated the first of several claims in Iowa County Circuit Court against the City of Dodgeville (the "City") to recover overpaid taxes resulting from the city’s excessive property tax assessment of the Company’s headquarters campus. In July 2016, the Company filed an amended and supplemental complaint to recover over paid property taxes for the 2016 tax year. As of August 31, 2016, the City has refunded, as the result of various court decisions, over $5.3 million in excessive taxes and interest to the Company in the following amounts: (1) approximately $1.6 million arising from the 2005 and 2006 tax years that was recognized in the fiscal year ended January 29, 2010; (2) approximately $1.6 million arising from the 2007, 2009 and 2010 tax years, recognized in the fiscal year ended January 31, 2014; (3) approximately $0.9 million arising from the 2008 tax year, recognized in the fiscal year ended January 30, 2015; and (4) approximately $1.3 million arising from the 2011 and 2012 tax years, recognized in Second Quarter 2016 primarily within Selling and administrative costs in the Condensed Consolidated Statements of Operations. The claims arising from the 2005, 2006, 2008 and 2012 tax years are closed. The Company's claims arising from tax years 2007, 2009, 2010, 2011 and 2013 through 2016 remain unresolved and are still pending before the courts. The Company believes that the potential additional aggregate recovery from the City of Dodgeville arising from the 2007, 2009, 2010, 2011 and 2013 through 2016 tax years will range from $1.8 million to $3.0 million , none of which has been recorded in the Condensed Consolidated Financial Statements.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS Simplifying the Measurement of Inventory In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory . Under this ASU, non-LIFO inventory will be measured at the lower of cost and net realizable value, eliminating the options that currently exist for market valuation. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. No other changes were made to the current guidance on inventory measurement. This guidance was effective for Lands' End in the First Quarter 2016 and only applies to our international inventory as United States inventory is valued using LIFO. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. Customer's Accounting for Fees Paid in a Cloud Computing Arrangement In April 2015, the FASB issued ASU 2015-05, Customers' Accounting for Fees Paid in a Cloud Computing Arrangement , which clarifies the circumstances under which a cloud computing customer would account for the arrangement as a license of internal-use software under ASC 350-40. This guidance was effective for Lands' End in the First Quarter 2016. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which changed the required presentation of debt issuance costs from an asset on the balance sheet to a deduction from the related debt liability. This guidance was adopted by the Company during First Quarter 2016. See Note 4, Debt, for further discussion. Revenue from Contracts with Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which provides guidance for revenue recognition. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under today’s guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. This guidance was deferred by ASU 2015-14, Revenue from Contracts with Customers , issued by the FASB in August 2015, and will be effective for Lands' End in the first quarter of its fiscal year ending February 1, 2019. Subsequently, the FASB has also issued accounting standards updates which clarify the guidance. The Company is currently in the process of evaluating the impact of adoption of this ASU and related clarifications on the Company's Condensed Consolidated Financial Statements. Compensation - Stock Compensation In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation , which simplifies the accounting for the taxes related to stock based compensation, including adjustments to how excess tax benefits and a company's payments for tax withholdings should be classified. This guidance will be effective for Lands' End in its fiscal year ending February 2, 2018. The adoption of this guidance is not expected to have a material impact on the Company's Condensed Consolidated Financial Statements. Recognition of Breakage for Certain Prepaid Stored-Value Products In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products . This update clarifies when it is acceptable to recognize the unredeemed portion of prepaid gift cards into income. This guidance will be effective for Lands' End in the first quarter of its fiscal year ending February 1, 2019. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's Condensed Consolidated Financial Statements. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments . This update clarifies issues to reduce the current and potential future diversity in practice of the classification of certain cash receipts and cash payments within the statement of cash flows. This guidance will be effective for Lands' End in the first quarter of its fiscal year ending February 1, 2019. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's Condensed Consolidated Financial Statements. Leases In February 2016, the FASB issued ASU 2016-02, Leases, which will replace the existing guidance in ASC 840, Leases . This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. This guidance will be effective for Lands' End in the first quarter of its fiscal year ending January 31, 2020. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's Condensed Consolidated Financial Statements.

Stock-Based Compensation (Notes

Stock-Based Compensation (Notes)	6 Months Ended
	Jul. 29, 2016
Stock-Based Compensation [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	STOCK-BASED COMPENSATION Accounting standards require, among other things, that (i) the fair value of all stock awards be expensed over their respective vesting periods; (ii) the amount of cumulative compensation cost recognized at any date must at least be equal to the portion of the grant-date value of the award that is vested at that date and (iii) compensation expense include a forfeiture estimate for those shares not expected to vest. Also in accordance with these provisions, for awards that only have a service requirement with multiple vest dates, the Company is required to recognize compensation cost on a straight-line basis over the requisite service period for the entire award. The Company has granted time vesting stock awards ("Deferred Awards") and performance-based stock awards ("Performance Awards") to employees at management levels and above. Deferred Awards were granted in the form of restricted stock units that only require each recipient to complete a service period. Deferred Awards generally vest over three years or in full after a three year period. Performance Awards were granted in the form of restricted stock units which have, in addition to a service requirement, performance criteria that must be achieved for the awards to be earned. Performance Awards have annual vesting, but due to the performance criteria, are not eligible for straight-line expensing. Therefore, Performance Awards are amortized using a graded expense process. The fair value of all awards is based on the closing price of the Company’s common stock on the grant date. Compensation expense is reduced for estimated forfeitures of those awards not expected to vest due to employee turnover. The following table summarizes the Company’s stock-based compensation expense, which is included in Selling and administrative expense in the Condensed Consolidated Statements of Operations: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Performance Awards $ 150 $ 384 $ 384 $ 781 Deferred Awards 889 456 1,368 740 Total stock-based compensation expense $ 1,039 $ 840 $ 1,752 $ 1,521 Awards Granted Year to Date 2016 The company granted Deferred Awards to various employees during the Year to Date 2016 , which generally vest ratably over a three year period. There were no Performance Awards granted in the Year to Date 2016 . Changes in the Company’s Unvested Stock Awards Year to Date 2016 Deferred Awards (in thousands, except per share amounts) Number of Shares Weighted Average Grant Date Fair Value Unvested Deferred Awards, as of January 29, 2016 175 $ 30.87 Granted 224 24.39 Vested (27 ) 33.53 Forfeited (16 ) 26.31 Unvested Deferred Awards, as of July 29, 2016 356 26.82 ` Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $8.0 million as of July 29, 2016 , which will be recognized over a weighted average period of approximately 2.3 years . Performance Awards (in thousands, except per share amounts) Number of Shares Weighted Average Grant Date Fair Value Unvested Performance Awards, as of January 29, 2016 109 $ 26.81 Granted — — Vested (30 ) 27.84 Forfeited (7 ) 26.73 Unvested Performance Awards, as of July 29, 2016 72 26.39 Total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $0.6 million as of July 29, 2016 , which will be recognized over a weighted average period of approximately 0.8 years .

Stock-Based Compensation Stock-

Stock-Based Compensation Stock-Based Compensation (Notes)	6 Months Ended
	Jul. 29, 2016
Stock-Based Compensation [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	STOCK-BASED COMPENSATION Accounting standards require, among other things, that (i) the fair value of all stock awards be expensed over their respective vesting periods; (ii) the amount of cumulative compensation cost recognized at any date must at least be equal to the portion of the grant-date value of the award that is vested at that date and (iii) compensation expense include a forfeiture estimate for those shares not expected to vest. Also in accordance with these provisions, for awards that only have a service requirement with multiple vest dates, the Company is required to recognize compensation cost on a straight-line basis over the requisite service period for the entire award. The Company has granted time vesting stock awards ("Deferred Awards") and performance-based stock awards ("Performance Awards") to employees at management levels and above. Deferred Awards were granted in the form of restricted stock units that only require each recipient to complete a service period. Deferred Awards generally vest over three years or in full after a three year period. Performance Awards were granted in the form of restricted stock units which have, in addition to a service requirement, performance criteria that must be achieved for the awards to be earned. Performance Awards have annual vesting, but due to the performance criteria, are not eligible for straight-line expensing. Therefore, Performance Awards are amortized using a graded expense process. The fair value of all awards is based on the closing price of the Company’s common stock on the grant date. Compensation expense is reduced for estimated forfeitures of those awards not expected to vest due to employee turnover. The following table summarizes the Company’s stock-based compensation expense, which is included in Selling and administrative expense in the Condensed Consolidated Statements of Operations: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Performance Awards $ 150 $ 384 $ 384 $ 781 Deferred Awards 889 456 1,368 740 Total stock-based compensation expense $ 1,039 $ 840 $ 1,752 $ 1,521 Awards Granted Year to Date 2016 The company granted Deferred Awards to various employees during the Year to Date 2016 , which generally vest ratably over a three year period. There were no Performance Awards granted in the Year to Date 2016 . Changes in the Company’s Unvested Stock Awards Year to Date 2016 Deferred Awards (in thousands, except per share amounts) Number of Shares Weighted Average Grant Date Fair Value Unvested Deferred Awards, as of January 29, 2016 175 $ 30.87 Granted 224 24.39 Vested (27 ) 33.53 Forfeited (16 ) 26.31 Unvested Deferred Awards, as of July 29, 2016 356 26.82 ` Total unrecognized stock-based compensation expense related to unvested Deferred Awards approximated $8.0 million as of July 29, 2016 , which will be recognized over a weighted average period of approximately 2.3 years . Performance Awards (in thousands, except per share amounts) Number of Shares Weighted Average Grant Date Fair Value Unvested Performance Awards, as of January 29, 2016 109 $ 26.81 Granted — — Vested (30 ) 27.84 Forfeited (7 ) 26.73 Unvested Performance Awards, as of July 29, 2016 72 26.39 Total unrecognized stock-based compensation expense related to unvested Performance Awards approximated $0.6 million as of July 29, 2016 , which will be recognized over a weighted average period of approximately 0.8 years .

Recent Accounting Pronounceme20

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jul. 29, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	Simplifying the Measurement of Inventory In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory . Under this ASU, non-LIFO inventory will be measured at the lower of cost and net realizable value, eliminating the options that currently exist for market valuation. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. No other changes were made to the current guidance on inventory measurement. This guidance was effective for Lands' End in the First Quarter 2016 and only applies to our international inventory as United States inventory is valued using LIFO. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. Customer's Accounting for Fees Paid in a Cloud Computing Arrangement In April 2015, the FASB issued ASU 2015-05, Customers' Accounting for Fees Paid in a Cloud Computing Arrangement , which clarifies the circumstances under which a cloud computing customer would account for the arrangement as a license of internal-use software under ASC 350-40. This guidance was effective for Lands' End in the First Quarter 2016. The adoption of this guidance did not have a material impact on the Company's Condensed Consolidated Financial Statements. Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which changed the required presentation of debt issuance costs from an asset on the balance sheet to a deduction from the related debt liability. This guidance was adopted by the Company during First Quarter 2016. See Note 4, Debt, for further discussion. Revenue from Contracts with Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which provides guidance for revenue recognition. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under today’s guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. This guidance was deferred by ASU 2015-14, Revenue from Contracts with Customers , issued by the FASB in August 2015, and will be effective for Lands' End in the first quarter of its fiscal year ending February 1, 2019. Subsequently, the FASB has also issued accounting standards updates which clarify the guidance. The Company is currently in the process of evaluating the impact of adoption of this ASU and related clarifications on the Company's Condensed Consolidated Financial Statements. Compensation - Stock Compensation In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation , which simplifies the accounting for the taxes related to stock based compensation, including adjustments to how excess tax benefits and a company's payments for tax withholdings should be classified. This guidance will be effective for Lands' End in its fiscal year ending February 2, 2018. The adoption of this guidance is not expected to have a material impact on the Company's Condensed Consolidated Financial Statements. Recognition of Breakage for Certain Prepaid Stored-Value Products In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products . This update clarifies when it is acceptable to recognize the unredeemed portion of prepaid gift cards into income. This guidance will be effective for Lands' End in the first quarter of its fiscal year ending February 1, 2019. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's Condensed Consolidated Financial Statements. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments . This update clarifies issues to reduce the current and potential future diversity in practice of the classification of certain cash receipts and cash payments within the statement of cash flows. This guidance will be effective for Lands' End in the first quarter of its fiscal year ending February 1, 2019. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's Condensed Consolidated Financial Statements. Leases In February 2016, the FASB issued ASU 2016-02, Leases, which will replace the existing guidance in ASC 840, Leases . This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. This guidance will be effective for Lands' End in the first quarter of its fiscal year ending January 31, 2020. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's Condensed Consolidated Financial Statements.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 29, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table summarizes the components of basic and diluted EPS: 13 Weeks Ended 26 Weeks Ended (in thousands, except per share amounts) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Net (loss) income $ (1,980 ) $ 7,461 $ (7,739 ) $ 9,185 Basic weighted average shares outstanding 32,024 31,978 32,013 31,967 Dilutive effect of stock awards — 69 — 82 Diluted weighted average shares outstanding 32,024 32,047 32,013 32,049 Basic (loss) earnings per share $ (0.06 ) $ 0.23 $ (0.24 ) $ 0.29 Diluted (loss) earnings per share $ (0.06 ) $ 0.23 $ (0.24 ) $ 0.29 Anti-dilutive stock awards are comprised of awards which are anti-dilutive in the application of the treasury stock method and are excluded from the diluted weighted average shares outstanding. Total anti-dilutive stock awards were 36,392 and 54,035 shares for the Second Quarter 2016 and Year to Date 2016 , respectively, due to the net loss reported. Total anti-dilutive stock awards were 133,081 shares for both the Second Quarter 2015 and Year to Date 2015 .

Other Comprehensive Income (L22

Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jul. 29, 2016
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Beginning balance: Accumulated other comprehensive loss (net of tax of $3,806, $3,734, $5,053 and $3,931, respectively) $ (7,069 ) $ (6,935 ) $ (9,384 ) $ (7,298 ) Other comprehensive (loss) income: Foreign currency translation adjustments (net of tax (benefit) expense of $1,661, $(163), $414 and $(360), respectively) (3,084 ) 302 (769 ) 665 Ending balance: Accumulated other comprehensive loss (net of tax of $5,467, $3,571, $5,467 and $3,571, respectively) $ (10,153 ) $ (6,633 ) $ (10,153 ) $ (6,633 )

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 29, 2016
Line of Credit Facility [Line Items]
Schedule of Line of Credit Facilities [Table Text Block]	The following table summarizes the Company's borrowing availability under the ABL Facility: July 29, 2016 July 31, 2015 January 29, 2016 ABL maximum borrowing $ 175,000 $ 175,000 $ 175,000 Outstanding Letters of Credit 9,398 11,289 24,311 Borrowing availability under ABL $ 165,602 $ 163,711 $ 150,689
Schedule of aggregate scheduled maturities	The Company's debt consisted of the following: July 29, 2016 July 31, 2015 January 29, 2016 Amount Rate Amount Rate Amount Rate Term Loan Facility, maturing April 4, 2021 $ 503,412 4.25 % $ 508,563 4.25 % $ 505,988 4.25 % ABL Facility, maturing April 4, 2019 — — % — — % — — % 503,412 508,563 505,988 Less: Current maturities in Other current liabilities, net 5,150 5,150 5,150 Less: Unamortized debt issuance costs 6,321 7,676 7,000 Long-term debt, net $ 491,941 $ 495,737 $ 493,838

Fair Value of Financial Asset24

Fair Value of Financial Assets and Liabilities (Tables)	6 Months Ended
	Jul. 29, 2016
Fair Value Disclosures [Abstract]
Schedule of other financial assets and liabilities measured at fair value	Carrying values and fair values of long-term debt, including the short-term portion, in the Condensed Consolidated Balance Sheets are as follows: July 29, 2016 July 31, 2015 January 29, 2016 (in thousands) Carrying Amount Fair Value Carrying Fair Carrying Fair Long-term debt, including short-term portion $ 503,412 $ 395,178 $ 508,563 $ 486,949 $ 505,988 $ 418,073 Condensed Consolidated Balance Sheets at fair value. The fair value of restricted cash as of July 29, 2016 , July 31, 2015 and January 29, 2016 was $3.3 million based on Level 1 inputs. Restricted cash amounts are valued based upon statements received from financial institutions.

Related Party (Tables)

Related Party (Tables)	6 Months Ended
	Jul. 29, 2016
Related Party Transactions [Abstract]
Schedule of related party revenue and costs	Related party costs charged by Sears Holdings to the Company for general corporate services are as follows: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Sourcing $ 1,666 $ 2,454 $ 3,038 $ 4,038 Shop Your Way 612 730 1,074 1,255 Shared services 48 131 95 281 Total expenses $ 2,326 $ 3,315 $ 4,207 $ 5,574 Related party costs charged by Sears Holdings to the Company related to Lands’ End Shops at Sears are as follows: 13 Weeks Ended 26 Weeks Ended (in thousands, except for number of stores) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Rent, CAM and occupancy costs $ 6,237 $ 6,532 $ 12,543 $ 12,882 Retail services, store labor 6,084 6,676 12,029 13,277 Financial services and payment processing 671 627 1,390 1,250 Supply chain costs 236 272 551 549 Total expenses $ 13,228 $ 14,107 $ 26,513 $ 27,958 Number of Lands’ End Shops at Sears at period end 224 229 224 229 Related party revenue and costs charged by the Company to and from Sears Holdings for the use of intellectual property or services is as follows: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Call center services $ 521 $ 455 $ 967 $ 669 Lands' End business outfitters revenue 426 317 974 720 Credit card revenue 266 281 511 568 Royalty income 94 103 126 124 Gift card (expense) (6 ) (7 ) (13 ) (11 ) Total income $ 1,301 $ 1,149 $ 2,565 $ 2,070

Segment Reporting Segment Repor

Segment Reporting Segment Reporting (Tables)	6 Months Ended
	Jul. 29, 2016
Revenue, Major Customer [Line Items]
Revenue from External Customers by Products and Services [Table Text Block]	Net revenue is aggregated by product category in the following table: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Net revenue: Apparel $ 241,822 $ 258,168 $ 472,980 $ 511,613 Non-apparel 30,517 34,503 57,167 65,828 Service and other 19,671 19,743 35,296 34,360 Total net revenue $ 292,010 $ 312,414 $ 565,443 $ 611,801
Schedule of financial information by segment	Financial information by segment is presented in the following tables. SUMMARY OF SEGMENT DATA 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Net revenue: Direct $ 246,395 $ 264,735 $ 478,580 518,108 Retail 45,521 47,577 86,737 93,569 Corporate / other 94 102 126 124 Total net revenue $ 292,010 $ 312,414 $ 565,443 $ 611,801 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Adjusted EBITDA: Direct $ 14,780 $ 26,687 $ 27,612 $ 48,365 Retail 450 663 (3,480 ) 807 Corporate / other (7,970 ) (7,730 ) (16,236 ) (16,502 ) Total adjusted EBITDA $ 7,260 $ 19,620 $ 7,896 $ 32,670 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Depreciation and amortization: Direct $ 3,720 $ 3,200 $ 7,070 $ 6,895 Retail 406 499 825 996 Corporate / other 362 362 729 723 Total depreciation and amortization $ 4,488 $ 4,061 $ 8,624 $ 8,614 (in thousands) July 29, 2016 July 31, 2015 January 29, 2016 Total Assets: Direct $ 980,173 $ 1,078,682 $ 953,502 Retail 78,011 76,593 69,321 Corporate / other 240,254 240,413 258,703 Total assets $ 1,298,438 $ 1,395,688 $ 1,281,526 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Capital expenditures: Direct $ 7,461 $ 2,419 $ 17,763 $ 13,302 Retail 71 53 254 53 Corporate / other — 74 — 165 Total capital expenditures $ 7,532 $ 2,546 $ 18,017 $ 13,520

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 29, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]	Deferred Awards (in thousands, except per share amounts) Number of Shares Weighted Average Grant Date Fair Value Unvested Deferred Awards, as of January 29, 2016 175 $ 30.87 Granted 224 24.39 Vested (27 ) 33.53 Forfeited (16 ) 26.31 Unvested Deferred Awards, as of July 29, 2016 356 26.82 Performance Awards (in thousands, except per share amounts) Number of Shares Weighted Average Grant Date Fair Value Unvested Performance Awards, as of January 29, 2016 109 $ 26.81 Granted — — Vested (30 ) 27.84 Forfeited (7 ) 26.73 Unvested Performance Awards, as of July 29, 2016 72 26.39
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	The following table summarizes the Company’s stock-based compensation expense, which is included in Selling and administrative expense in the Condensed Consolidated Statements of Operations: 13 Weeks Ended 26 Weeks Ended (in thousands) July 29, 2016 July 31, 2015 July 29, 2016 July 31, 2015 Performance Awards $ 150 $ 384 $ 384 $ 781 Deferred Awards 889 456 1,368 740 Total stock-based compensation expense $ 1,039 $ 840 $ 1,752 $ 1,521

Background and Basis of Prese28

Background and Basis of Presentation (Details) - $ / shares	Jul. 29, 2016	Jan. 29, 2016	Jul. 31, 2015
Class of Stock [Line Items]
Common stock, shares outstanding	32,029,359	31,991,668	31,991,000
Common stock, par value (in USD per share)	$ 0.01	$ 0.01	$ 0.01

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 31, 2015	Jul. 29, 2016	Jan. 29, 2016
Income Tax Examination [Line Items]
Unrecognized tax benefits		$ 8.3
Unrecognized tax benefits, if recognized, would impact effective tax rate		5.4
Amount of interest and penalties recognized		6.2
Amount of interest and penalties recognized, net of federal benefit		4
Other Noncurrent Liabilities [Member]
Income Tax Examination [Line Items]
Prior Period Reclassification Adjustment	$ 2.3
Sears Holdings Corporation | Other assets
Income Tax Examination [Line Items]
Indemnification receivable, uncertain tax positions	$ 14.6	$ 14.2	$ 13.7

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	36,392	133,081	54,035	133,081
Net (loss) income	$ (1,980)	$ 7,461	$ (7,739)	$ 9,185
Basic weighted average common shares outstanding (shares)	32,024,000	31,978,000	32,013,000	31,967,000
Dilutive effect of stock awards	0	69,000	0	82,000
Diluted weighted average common shares outstanding (shares)	32,024,000	32,047,000	32,013,000	32,049,000
Basic (in USD per share)	$ (0.06)	$ 0.23	$ (0.24)	$ 0.29
Diluted (in USD per share)	$ (0.06)	$ 0.23	$ (0.24)	$ 0.29

Other Comprehensive Income (L31

Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015	Apr. 29, 2016	Jan. 29, 2016	May 01, 2015	Jan. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance: Accumulated other comprehensive loss (net of tax of $3,806, $3,734, $5,053 and $3,931, respectively)	$ (7,069)	$ (6,935)	$ (9,384)	$ (7,298)
Other comprehensive (loss) income:
Foreign currency translation adjustments (net of tax (benefit) expense of $1,661, $(163), $414 and $(360), respectively)	(3,084)	302	(769)	665
Ending balance: Accumulated other comprehensive loss (net of tax of $5,467, $3,571, $5,467 and $3,571, respectively)	(10,153)	(6,633)	(10,153)	(6,633)
Foreign currency translations adjustment, tax	1,661	(163)	414	(360)
Accumulated other comprehensive loss, tax	$ 5,467	$ 3,571	$ 5,467	$ 3,571	$ 3,806	$ 5,053	$ 3,734	$ 3,931

Debt (Details)

Debt (Details) $ in Thousands	6 Months Ended
	Jul. 29, 2016USD ($)	Jan. 29, 2016USD ($)	Jul. 31, 2015USD ($)	Apr. 04, 2014USD ($)
Line of Credit Facility [Line Items]
Long-term Debt	$ 503,412	$ 505,988	$ 508,563
Long-term debt, net	491,941	493,838	495,737
Long-term Debt, Current Maturities	5,150	5,150	5,150
Deferred Finance Costs, Net	$ 6,321	$ 7,000	$ 7,676
Debt Instrument, Interest Rate, Stated Percentage	4.25%	4.25%	4.25%
Interest rate at the end of period	0.00%	0.00%	0.00%
ABL Facility | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity				$ 175,000
Available borrowing under line of credit facility	$ 165,602	$ 150,689	$ 163,711
Outstanding letters of credit	9,398	24,311	11,289
ABL Facility | Domestic letters of credit
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 0	0	0
ABL Facility | Secured debt
Line of Credit Facility [Line Items]
Line of credit facility, covenant terms, minimum percentage of loan cap amount	10.00%
Line of credit facility, covenant terms, minimum excess credit availability	$ 15,000
Line of credit facility, covenant terms, minimum fixed charge coverage ratio	1
Minimum | ABL Facility | Secured debt
Line of Credit Facility [Line Items]
Line of credit facility, unused commitment fee percentage	0.25%
Minimum | Term Loan Facility
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	.01
Maximum | ABL Facility | Secured debt
Line of Credit Facility [Line Items]
Line of credit facility, unused commitment fee percentage	0.375%
London Interbank Offered Rate (LIBOR) | Term Loan Facility | Secured debt
Line of Credit Facility [Line Items]
Spread on variable rate	3.25%
London Interbank Offered Rate (LIBOR) | Minimum | ABL Facility | Secured debt
Line of Credit Facility [Line Items]
Spread on variable rate	1.50%
London Interbank Offered Rate (LIBOR) | Maximum | ABL Facility | Secured debt
Line of Credit Facility [Line Items]
Spread on variable rate	2.00%
Base rate | Term Loan Facility | Secured debt
Line of Credit Facility [Line Items]
Spread on variable rate	2.25%
Base rate | Minimum | ABL Facility | Secured debt
Line of Credit Facility [Line Items]
Spread on variable rate	0.50%
Base rate | Maximum | ABL Facility | Secured debt
Line of Credit Facility [Line Items]
Spread on variable rate	1.00%
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Term Loan Facility | Secured debt
Line of Credit Facility [Line Items]
Secured Debt	$ 503,412	$ 505,988	$ 508,563

Debt Debt Issuance Costs, Recla

Debt Debt Issuance Costs, Reclassification (Details) - USD ($) $ in Millions	Jan. 29, 2016	Jul. 31, 2015
Debt Disclosure - debt issuance costs [Abstract]
Deferred Finance Costs, Current, Net	$ 1.4	$ 1.4
Deferred Finance Costs, Noncurrent, Net	$ 5.6	$ 6.3

Fair Value of Financial Asset34

Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jul. 29, 2016	Jan. 29, 2016	Jul. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	$ 503,412	$ 505,988	$ 508,563
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash	3,300	3,300	3,300
Term Loan Facility | Secured debt | Reported Value Measurement [Member] | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured Debt	$ 503,412	$ 505,988	$ 508,563

Carrying Values and Fair Values

Carrying Values and Fair Values of Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Jul. 29, 2016	Jan. 29, 2016	Jul. 31, 2015
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted Cash and Cash Equivalents	$ 3,300	$ 3,300	$ 3,300
Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including short-term portion	395,178	418,073	486,949
Term Loan Facility [Member] | Secured Debt [Member] | Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured Debt	$ 503,412	$ 505,988	$ 508,563

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jan. 29, 2016
Goodwill [Line Items]
Impairment of Intangible Assets (Excluding Goodwill)				$ 98,300
Goodwill, Impairment Loss	$ 0	$ 0	$ 0
Impairment of Intangible Assets, Finite-lived	$ 0	$ 0

Goodwill and Intangible Asset37

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 29, 2016	Jan. 29, 2016	Jul. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Cumulative Infinite Lived Intangible Asset Impairment	$ 98,300	$ 98,300	$ 0
Intangible asset, net	430,000	430,000	528,300
Goodwill	110,000	110,000	110,000
Trade names
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	528,300	528,300	528,300
Intangible asset, net	$ 430,000	$ 430,000	$ 528,300

Related Party - Narrative and R

Related Party - Narrative and Related Party Costs (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016USD ($)	Jul. 31, 2015USD ($)	Jul. 29, 2016USD ($)	Jul. 31, 2015USD ($)	Jan. 29, 2016USD ($)
Related Party Transaction
Earnings Before Interest, Taxes, Depreciation and Amortization	$ 7,260	$ 19,620	$ 7,896	$ 32,670
Sears Holdings Corporation
Related Party Transaction
Number of Lands’ End Shops at Sears at period end	224	229	224	229
Redemption credit	$ 1,301	$ 1,149	$ 2,565	$ 2,070
Sears Holdings Corporation | Rent CAM, And Occupancy Costs
Related Party Transaction
Related party expenses	6,237	6,532	12,543	12,882
Sears Holdings Corporation | Retail Services, Store Labor
Related Party Transaction
Related party expenses	6,084	6,676	12,029	13,277
Sears Holdings Corporation | Supply Chain Costs
Related Party Transaction
Related party expenses	236	272	551	549
Sears Holdings Corporation | Financial Services And Payment Processing
Related Party Transaction
Related party expenses	671	627	1,390	1,250
Sears Holdings Corporation | Costs related to Lands' End shops
Related Party Transaction
Related party expenses	13,228	14,107	26,513	27,958
Sears Holdings Corporation | Shop Your Way Rewards Program
Related Party Transaction
Related party expenses	612	730	1,074	1,255
Accounts receivable, net | Sears Holdings Corporation
Related Party Transaction
Accounts receivable, net, due from related party	3,700	4,200	3,700	4,200	$ 3,900
Accounts payable | Sears Holdings Corporation
Related Party Transaction
Accounts payable, due to related party	3,200	9,500	3,200	9,500	2,700
Other assets | Sears Holdings Corporation
Related Party Transaction
Indemnification receivable, uncertain tax positions	14,200	14,600	14,200	14,600	$ 13,700
Revenue, net
Related Party Transaction
Call Center Service Revenue	1,900	1,700	3,800	3,100
Operating segments | Direct
Related Party Transaction
Earnings Before Interest, Taxes, Depreciation and Amortization	14,780	26,687	27,612	48,365
Operating segments | Retail
Related Party Transaction
Earnings Before Interest, Taxes, Depreciation and Amortization	450	663	(3,480)	807
Operating segments | Corporate and Reconciling Items [Member]
Related Party Transaction
Earnings Before Interest, Taxes, Depreciation and Amortization	$ (7,970)	$ (7,730)	$ (16,236)	$ (16,502)

Related Party - Details of Gene

Related Party - Details of General Corporate Services (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015
Sears Holdings Corporation | Sourcing
Related Party Transaction
Related party expenses, net	$ 1,666	$ 2,454	$ 3,038	$ 4,038
Sears Holdings Corporation | Shop Your Way Rewards Program
Related Party Transaction
Related party expenses, net	612	730	1,074	1,255
Sears Holdings Corporation | Shared Services
Related Party Transaction
Related party expenses, net	48	131	95	281
Sears Holdings Corporation | Costs related General Corporate Services
Related Party Transaction
Related party expenses, net	2,326	3,315	4,207	5,574
Revenue, net
Related Party Transaction
Call Center Service Revenue	$ 1,900	$ 1,700	$ 3,800	$ 3,100

Related Party - Details of Use

Related Party - Details of Use of Intellectual Property or Services (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015
Sears Holdings Corporation
Related Party Transaction
Related party revenue, net	$ 1,301	$ 1,149	$ 2,565	$ 2,070
Sears Holdings Corporation | Business Outfitters Revenue [Member]
Related Party Transaction
Related party revenue, net	426	317	974	720
Sears Holdings Corporation | Royalty Income
Related Party Transaction
Related party revenue, net	94	103	126	124
Sears Holdings Corporation | Call Center Service Revenue
Related Party Transaction
Related party revenue, net	521	455	967	669
Sears Holdings Corporation | Gift Card Revenue
Related Party Transaction
Related Party Transaction, Amounts of Transaction	(6)	(7)	(13)	(11)
Sears Holdings Corporation | Credit Card Revenue
Related Party Transaction
Related party revenue, net	266	281	511	568
Revenue, net
Related Party Transaction
Call Center Service Revenue	$ 1,900	$ 1,700	$ 3,800	$ 3,100

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016USD ($)	Jul. 31, 2015USD ($)	Jul. 29, 2016USD ($)	Jul. 31, 2015USD ($)	Jan. 29, 2016USD ($)
Segment Reporting Information
Assets	$ 1,298,438	$ 1,395,688	$ 1,298,438	$ 1,395,688	$ 1,281,526
Earnings Before Interest, Taxes, Depreciation and Amortization	7,260	19,620	7,896	32,670
Depreciation and amortization	4,488	4,061	$ 8,624	8,614
Number of reportable business segments			2
Summary of Segment Data
Net revenue	292,010	312,414	$ 565,443	611,801
Capital expenditures	7,532	2,546	18,017	13,520
Operating segments | Direct
Segment Reporting Information
Assets	980,173	1,078,682	980,173	1,078,682	953,502
Earnings Before Interest, Taxes, Depreciation and Amortization	14,780	26,687	27,612	48,365
Depreciation and amortization	3,720	3,200	7,070	6,895
Summary of Segment Data
Net revenue	246,395	264,735	478,580	518,108
Capital expenditures	7,461	2,419	17,763	13,302
Operating segments | Retail
Segment Reporting Information
Assets	78,011	76,593	78,011	76,593	69,321
Earnings Before Interest, Taxes, Depreciation and Amortization	450	663	(3,480)	807
Depreciation and amortization	406	499	825	996
Summary of Segment Data
Net revenue	45,521	47,577	86,737	93,569
Capital expenditures	71	53	254	53
Operating segments | Corporate and Reconciling Items [Member]
Segment Reporting Information
Assets	240,254	240,413	240,254	240,413	$ 258,703
Earnings Before Interest, Taxes, Depreciation and Amortization	(7,970)	(7,730)	(16,236)	(16,502)
Depreciation and amortization	362	362	729	723
Summary of Segment Data
Net revenue	94	102	126	124
Capital expenditures	0	74	0	165
Apparel [Member]
Summary of Segment Data
Net revenue	241,822	258,168	472,980	511,613
Non-apparel [Member]
Summary of Segment Data
Net revenue	30,517	34,503	57,167	65,828
Services and Other [Member]
Summary of Segment Data
Net revenue	$ 19,671	$ 19,743	$ 35,296	$ 34,360

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Sep. 01, 2016	Jul. 29, 2016	Jan. 30, 2015	Jan. 31, 2014	Jan. 28, 2011
Tax Years 2005 - 2006
Gain Contingencies [Line Items]
Recovery of excessive taxes and interest					$ 1.6
Tax Years 2007, 2009 and 2010
Gain Contingencies [Line Items]
Recovery of excessive taxes and interest				$ 1.6
Tax Year 2008
Gain Contingencies [Line Items]
Recovery of excessive taxes and interest			$ 0.9
Tax Years 2011 and 2012 [Member]
Gain Contingencies [Line Items]
Recovery of excessive taxes and interest		$ 1.3
Subsequent event
Gain Contingencies [Line Items]
Recovery of excessive taxes and interest	$ 5.3
Subsequent event | Minimum | Reduction in taxes | Tax Years 2007 - 2012
Gain Contingencies [Line Items]
Potential aggregate recovery (maximum)	1.8
Subsequent event | Maximum | Reduction in taxes | Tax Years 2007 - 2012
Gain Contingencies [Line Items]
Potential aggregate recovery (maximum)	$ 3

Supplemental Financial Informat

Supplemental Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015
Related Party Transaction
Operating Income (Loss)	$ 2,712	$ 17,918	$ (774)	$ 26,413
Other Operating Income (Expense), Net	$ (60)	$ 2,359	$ (46)	$ 2,357

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2016	Jul. 31, 2015	Jul. 29, 2016	Jul. 31, 2015	Jan. 29, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 1,039	$ 840	$ 1,752	$ 1,521
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 3 months 18 days
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 600		$ 600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	72		72		109
Share-based Compensation	$ 150	384	$ 384	781
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			(30)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value			$ 27.84
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			(7)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value			$ 26.73
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	9 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 26.39		$ 26.39		$ 26.81
Deferred Compensation, Share-based Payments [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 8,000		$ 8,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	356		356		175
Share-based Compensation	$ 889	$ 456	$ 1,368	$ 740
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			224
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 24.39
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			(27)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value			$ 33.53
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			(16)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value			$ 26.31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 26.82		$ 26.82		$ 30.87