Stein Mart (SMRTQ) 10-Q 4 Jun 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	2-May-15	22-May-15
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	2-May-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	SMRT
Entity Registrant Name	STEIN MART INC
Entity Central Index Key	884940
Current Fiscal Year End Date	-29
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		45,394,926

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	2-May-15	Jan. 31, 2015	3-May-14
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$17,190	$65,314	$88,311
Inventories	302,781	285,623	295,190
Prepaid expenses and other current assets	28,342	22,733	25,396
Total current assets	348,313	373,670	408,897
Property and equipment, net of accumulated depreciation and amortization of $173,800, $166,646 and $157,464, respectively	149,254	148,782	143,610
Other assets	30,889	30,639	28,202
Total assets	528,456	553,091	580,709
Current liabilities:
Accounts payable	164,092	129,924	178,295
Current portion of debt	6,667
Accrued expenses and other current liabilities	67,219	69,213	62,255
Total current liabilities	237,978	199,137	240,550
Long-term debt	145,777
Deferred rent	33,654	31,284	31,187
Other liabilities	40,296	37,732	36,646
Total liabilities	457,705	268,153	308,383
COMMITMENTS AND CONTINGENCIES
Shareholders' equity:
Preferred stock-$.01 par value; 1,000,000 shares authorized; no shares issued or outstanding	0	0	0
Common stock-$.01 par value; 100,000,000 shares authorized; 45,395,851, 44,918,649 and 44,727,231 shares issued and outstanding, respectively	454	449	447
Additional paid-in capital	37,476	34,875	28,186
Retained earnings	33,249	250,046	243,951
Accumulated other comprehensive loss	-428	-432	-258
Total shareholders' equity	70,751	284,938	272,326
Total liabilities and shareholders' equity	$528,456	$553,091	$580,709

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	2-May-15	Jan. 31, 2015	3-May-14
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Accumulated depreciation and amortization	$173,800	$166,646	$157,464
Preferred stock, par value	$0.01	$0.01	$0.01
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value	$0.01	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000	100,000,000
Common stock, shares issued	45,395,851	44,918,649	44,727,231
Common stock, shares outstanding	45,395,851	44,918,649	44,727,231

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	2-May-15	3-May-14
Income Statement [Abstract]
Net sales	$353,521	$328,854
Cost of merchandise sold	245,141	224,528
Gross profit	108,380	104,326
Selling, general and administrative expenses	85,622	81,229
Operating income	22,758	23,097
Interest expense, net	686	65
Income before income taxes	22,072	23,032
Income tax expense	8,508	8,957
Net income	$13,564	$14,075
Earnings per common share:
Basic	$0.30	$0.31
Diluted	$0.29	$0.31
Weighted-average shares outstanding:
Basic	44,612	43,829
Diluted	45,766	44,456
Dividends declared per common share	$5.08	$0.13

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Statement of Comprehensive Income [Abstract]
Net income	$13,564	$14,075
Other comprehensive income, net of tax:
Amounts reclassified from accumulated other comprehensive income	4	3
Comprehensive income	$13,568	$14,078

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
In Thousands
Balance at Jan. 31, 2015	$284,938	$449	$34,875	$250,046	($432)
Balance, shares at Jan. 31, 2015		44,919
Net income	13,564			13,564
Other comprehensive income, net of tax	4				4
Common shares issued under stock option plan	63		63
Common shares issued under stock option plan, shares		22
Reacquired shares	-2,962	-2	-2,960
Reacquired shares, shares		-190
Issuance of restricted stock, net		7	-7
Issuance of restricted stock, net, shares		645
Share-based compensation	1,783		1,783
Tax benefit from equity issuances	3,722		3,722
Cash dividends paid	-228,825			-228,825
Cash dividends payable	-1,536			-1,536
Balance at May. 02, 2015	$70,751	$454	$37,476	$33,249	($428)
Balance, shares at May. 02, 2015		45,396

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parenthetical) (USD $)	3 Months Ended
	2-May-15
Cash dividends paid, per share	$5.08
Retained Earnings [Member]
Cash dividends paid, per share	$5.08

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Cash flows from operating activities:
Net income	$13,564	$14,075
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,223	6,991
Share-based compensation	1,783	1,369
Store closing charges (benefits)	51	-46
Loss on disposal of property and equipment	1	59
Deferred income taxes	-100	4,175
Tax benefit from equity issuances	3,722	662
Excess tax benefits from share-based compensation	-3,723	-688
Changes in assets and liabilities:
Inventories	-17,158	-33,673
Prepaid expenses and other current assets	-5,156	-960
Other assets	29	-788
Accounts payable	33,231	46,881
Accrued expenses and other current liabilities	-2,111	-8,107
Other liabilities	3,178	4,889
Net cash provided by operating activities	34,534	34,839
Cash flows from investing activities:
Net acquisition of property and equipment	-7,085	-9,241
Net cash used in investing activities	-7,085	-9,241
Cash flows from financing activities:
Proceeds from borrowings	267,200
Repayments of debt	-114,756
Debt issuance costs	-369
Cash dividends paid	-228,825	-2,240
Excess tax benefits from share-based compensation	3,723	688
Proceeds from exercise of stock options and other	63	52
Repurchase of common stock	-2,609	-2,641
Net cash used in financing activities	-75,573	-4,141
Net (decrease) increase in cash and cash equivalents	-48,124	21,457
Cash and cash equivalents at beginning of year	65,314	66,854
Cash and cash equivalents at end of year	17,190	88,311
Supplemental disclosures of cash flow information:
Income taxes paid		113
Interest paid	557	55
Purchases of property and equipment included in accounts payable, accrued expenses and other current liabilities at period end	$2,904	$1,746

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	2-May-15
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation
	The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting primarily of normal and recurring adjustments) considered necessary for a fair statement have been included. Due to the seasonality of our business, results for any quarter are not necessarily indicative of the results that may be achieved for a full fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in our annual report on Form 10-K for the year ended January 31, 2015.
	As used herein, the terms “we”, “our”, “us”, “Stein Mart” and the “Company” refer to Stein Mart, Inc. and its wholly-owned subsidiaries.
	Recent Accounting Pronouncements
	In 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. ASU No. 2014-09 provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU No. 2014-09 will require an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update creates a five-step model that requires entities to exercise judgment when considering the terms of the contract(s) which include (i) identifying the contract(s) with the customer, (ii) identifying the separate performance obligations in the contract, (iii) determining the transaction price, (iv) allocating the transaction price to the separate performance obligations, and (v) recognizing revenue when each performance obligation is satisfied. ASU No. 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period for public business entities. The Company has the option to apply the provisions of ASU No. 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of applying this ASU recognized at the date of initial application. Early adoption is not permitted. The Company is currently evaluating the impact the adoption of this ASU will have on the Company’s consolidated financial statements.
	In 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern. ASU No. 2014-15 requires management to perform interim and annual assessments on whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year of the date the financial statements are issued and to provide related disclosures, if required. ASU No. 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of ASU No. 2014-15 is not expected to have a material effect on the Company’s consolidated financial statements.
	In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. ASU No. 2015-03 states that entities that have historically presented debt issuance costs as an asset, related to a recognized debt liability, will be required to present those costs as a direct deduction from the carrying amount of that debt liability. This presentation will result in debt issuance cost being presented the same way debt discounts have historically been handled. ASU No. 2015-03 does not change the recognition, measurement, or subsequent measurement guidance for debt issuance costs. This guidance is effective for annual reporting periods beginning after December 15, 2016, and interim periods within annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company expects this new guidance will reduce total assets and total long-term debt on its consolidated balance sheets by amounts classified as deferred debt issuance costs, but does not expect this update to have any other effect on its consolidated financial statements.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	2-May-15
Fair Value Disclosures [Abstract]
Fair Value Measurements	2. Fair Value Measurements
	We have historically had money market fund investments classified as cash equivalents, which are Level 1 assets because fair value is based on readily available market prices. The fair value of these assets was $53.7 million at January 31, 2015 and $20.2 million at May 3, 2014. We did not have money market fund investments at May 2, 2015.
	As the Company’s primary debt obligations are variable rate, there are no significant differences between the estimated fair value (Level 2 measurements) and the carrying value of the Company’s debt obligations at May 2, 2015. The Company did not have outstanding debt at January 31, 2015 and May 3, 2014.

Debt

Debt	3 Months Ended
	2-May-15
Debt Disclosure [Abstract]
Debt	3. Debt
	On February 3, 2015, we entered into a $250 million senior secured revolving credit facility pursuant to a second amended and restated credit agreement with Wells Fargo Bank (the “Credit Agreement”) that will mature in February 2020 and a secured $25 million master loan agreement with Wells Fargo Equipment Finance, Inc. (the “Equipment Term Loan” and, together with the Credit Agreement, the “Credit Facilities”) that will mature in February 2018. The Credit Facilities replace the Company’s former $100 million senior secured revolving credit facility which was set to mature on February 28, 2017. Borrowings under the Credit Facilities were initially used for a special dividend, but subsequently may be used for working capital, capital expenditures and other general corporate purposes. In the first quarter of 2015, debt issuance costs associated with the Credit Facilities were capitalized in the amount of $0.4 million and will be amortized over their respective terms.
	Long-term debt consisted of the following at May 2, 2015:
	Revolving credit facility	$	127,444
	Equipment term loan		25,000
	Total debt		152,444
	Current maturities		(6,667	)
	Long-term debt	$	145,777
	The aggregate maturities of long-term debt subsequent to May 2, 2015 for the following fiscal years:
	2015	$	4,167
	2016		10,000
	2017		10,833
	2018		—
	2019		—
	Thereafter		127,444
	Total	$	152,444
	The total amount available under the Credit Agreement is the lesser of the Aggregate Commitment or 100% of eligible credit card receivables and the Net Recovery Percentage of inventories less reserves. At May 2, 2015, the Company had $127.4 million of outstanding borrowings under the Credit Agreement and $6.4 million of outstanding letters of credit, which reduced the Company’s availability under the Credit Agreement to $116.2 million.
	The Credit Facilities contain customary representations and warranties, affirmative and negative covenants (including, in the Credit Agreement, the requirement of a 1 to 1 consolidated fixed charge coverage ratio upon the occurrence and during the continuance of any Covenant Compliance Event, as defined in the Credit Agreement), and events of default for facilities of this type, and are cross-collateralized and cross-defaulted. Collateral for the Credit Facilities consist of substantially all of our personal property. Wells Fargo Bank has a first lien on all collateral other than equipment, and Wells Fargo Equipment Finance has a first lien on equipment. At May 2, 2015, the Company was in compliance with all debt covenants.
	Borrowings under the Credit Agreement shall be either Base Rate Loans or LIBO Rate Loans. LIBO Rate Loans bear interest equal to the Adjusted LIBO Rate plus the Applicable Margin (125 to 175 basis points) depending on the Quarterly Average Excess Availability. Base Rate Loans bear interest equal to the highest of (a) the Federal Funds Rate plus one-half of one percent (0.50%), (b) the Adjusted LIBO Rate plus one percent (1.00%), or (c) the Wells Fargo “prime rate,” plus the Applicable Margin (25 to 75 basis points).
	Borrowings under the Equipment Term Loan shall be LIBO Rate plus 2%.
	The weighted average interest rate for amounts outstanding under the Credit Agreement and Equipment Term Loan were 1.69 percent and 2.18 percent, respectively, as of May 2, 2015.

Shareholders_Equity

Shareholders' Equity	3 Months Ended
	2-May-15
Equity [Abstract]
Shareholders' Equity	4. Shareholders’ Equity
	Dividends
	On February 4, 2015, the Company announced that its Board of Directors declared a special cash dividend of $5.00 per common share which was paid on February 27, 2015. As a result of the special cash dividend, all outstanding stock options and performance share awards were modified during 2015 so that they retain the same fair value. No incremental compensation expense resulted from these modifications.
	In the first quarter of 2015, we also paid a quarterly dividend of $0.075 per common share on April 17, 2015. In the first quarter of 2014, we paid a quarterly dividend of $0.05 per common share on April 18, 2014 and declared a quarterly dividend of $0.075 per common share, payable on July 18, 2014.
	Stock Repurchase Plan
	During the 13 weeks ended May 2, 2015, we repurchased 190,140 shares of our common stock at a total cost of $3.0 million. During the 13 weeks ended May 3, 2014, we repurchased 209,973 shares of our common stock at a total cost of $2.6 million. Stock repurchases were for tax withholding amounts due on the vesting of employee stock awards and during the first quarter of 2015 included no shares purchased on the open market under our previously authorized stock repurchase plan. As of May 2, 2015, there are 292,970 shares that can be repurchased pursuant to the Board of Director’s current authorization.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	2-May-15
Earnings Per Share [Abstract]
Earnings Per Share	5. Earnings Per Share
	We calculate earnings per common share (“EPS”) using the two-class method. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of EPS. Our restricted stock awards in 2013 and prior are considered “participating securities” because they contain non-forfeitable rights to dividends.
	The following table presents the calculation of basic and diluted EPS (shares in thousands):
		13 Weeks Ended		13 Weeks Ended
		May 2, 2015		May 3, 2014
	Basic Earnings Per Common Share:
	Net income	$	13,564	$	14,075
	Income allocated to participating securities		144		295
	Net income available to common shareholders	$	13,420	$	13,780
	Basic weighted-average shares outstanding		44,612		43,829
	Basic earnings per share	$	0.3	$	0.31
	Diluted Earnings Per Common Share:
	Net income	$	13,564	$	14,075
	Income allocated to participating securities		195		292
	Net income available to common shareholders	$	13,369	$	13,783
	Basic weighted-average shares outstanding		44,612		43,829
	Incremental shares from share-based compensation plans		1,154		627
	Diluted weighted-average shares outstanding		45,766		44,456
	Diluted earnings per share	$	0.29	$	0.31
	Options to acquire shares totaling approximately 28 thousand and 0.1 million shares of common stock that were outstanding during the 13 weeks ended May 2, 2015 and May 3, 2014, respectively, were not included in the computation of diluted earnings per common share. Options excluded were those that had exercise prices greater than the average market price of the common shares such that inclusion would have been anti-dilutive.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	2-May-15
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies
	On July 24, 2013, the Securities and Exchange Commission (the “SEC”) informed us that it was conducting an investigation of the Company and made a request for voluntary production of documents and information. The request is focused on our restatement of 2012 and prior consolidated financial statements and our 2013 change in auditors. We are cooperating fully with the SEC in this matter. We have recognized $0.5 million and $0.3 million of expenses related to the SEC investigation during the first quarter of 2015 and 2014, net of expected insurance recoveries, respectively. A protracted investigation could impose substantial costs and distractions, regardless of its outcome. There can be no assurance that any final resolution of this investigation will not have a material and adverse effect on the Company’s financial condition and results of operations.
	We are involved in various routine legal proceedings incidental to the conduct of our business. Management, based upon the advice of outside legal counsel, does not believe that any of these legal proceedings will have a material adverse effect on our financial condition, results of operations or cash flows.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
	2-May-15
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation
	The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting primarily of normal and recurring adjustments) considered necessary for a fair statement have been included. Due to the seasonality of our business, results for any quarter are not necessarily indicative of the results that may be achieved for a full fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in our annual report on Form 10-K for the year ended January 31, 2015.
	As used herein, the terms “we”, “our”, “us”, “Stein Mart” and the “Company” refer to Stein Mart, Inc. and its wholly-owned subsidiaries.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. ASU No. 2014-09 provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU No. 2014-09 will require an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update creates a five-step model that requires entities to exercise judgment when considering the terms of the contract(s) which include (i) identifying the contract(s) with the customer, (ii) identifying the separate performance obligations in the contract, (iii) determining the transaction price, (iv) allocating the transaction price to the separate performance obligations, and (v) recognizing revenue when each performance obligation is satisfied. ASU No. 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period for public business entities. The Company has the option to apply the provisions of ASU No. 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of applying this ASU recognized at the date of initial application. Early adoption is not permitted. The Company is currently evaluating the impact the adoption of this ASU will have on the Company’s consolidated financial statements.
	In 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern. ASU No. 2014-15 requires management to perform interim and annual assessments on whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year of the date the financial statements are issued and to provide related disclosures, if required. ASU No. 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of ASU No. 2014-15 is not expected to have a material effect on the Company’s consolidated financial statements.
	In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. ASU No. 2015-03 states that entities that have historically presented debt issuance costs as an asset, related to a recognized debt liability, will be required to present those costs as a direct deduction from the carrying amount of that debt liability. This presentation will result in debt issuance cost being presented the same way debt discounts have historically been handled. ASU No. 2015-03 does not change the recognition, measurement, or subsequent measurement guidance for debt issuance costs. This guidance is effective for annual reporting periods beginning after December 15, 2016, and interim periods within annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company expects this new guidance will reduce total assets and total long-term debt on its consolidated balance sheets by amounts classified as deferred debt issuance costs, but does not expect this update to have any other effect on its consolidated financial statements.

Debt_Tables

Debt (Tables)	3 Months Ended
	2-May-15
Debt Disclosure [Abstract]
Summary of Long-term Debt	Long-term debt consisted of the following at May 2, 2015:
	Revolving credit facility	$	127,444
	Equipment term loan		25,000
	Total debt		152,444
	Current maturities		(6,667	)
	Long-term debt	$	145,777
Aggregate Maturities of Long-term Debt	The aggregate maturities of long-term debt subsequent to May 2, 2015 for the following fiscal years:
	2015	$	4,167
	2016		10,000
	2017		10,833
	2018		—
	2019		—
	Thereafter		127,444
	Total	$	152,444

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	2-May-15
Earnings Per Share [Abstract]
Basic and Diluted Income Per Common Share	The following table presents the calculation of basic and diluted EPS (shares in thousands):
		13 Weeks Ended		13 Weeks Ended
		May 2, 2015		May 3, 2014
	Basic Earnings Per Common Share:
	Net income	$	13,564	$	14,075
	Income allocated to participating securities		144		295
	Net income available to common shareholders	$	13,420	$	13,780
	Basic weighted-average shares outstanding		44,612		43,829
	Basic earnings per share	$	0.3	$	0.31
	Diluted Earnings Per Common Share:
	Net income	$	13,564	$	14,075
	Income allocated to participating securities		195		292
	Net income available to common shareholders	$	13,369	$	13,783
	Basic weighted-average shares outstanding		44,612		43,829
	Incremental shares from share-based compensation plans		1,154		627
	Diluted weighted-average shares outstanding		45,766		44,456
	Diluted earnings per share	$	0.29	$	0.31

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (Money Market Funds [Member], USD $)	Jan. 31, 2015	3-May-14
In Millions, unless otherwise specified
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	$53.70	$20.20

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended
	2-May-15	Feb. 03, 2015
Debt Instrument [Line Items]
Debt issuance costs	$400,000
Aggregate commitment percentage on eligible credit card receivables	100.00%
Line of credit facility, borrowings outstanding	127,444,000
Letters of credit, outstanding	6,400,000
Remaining borrowing capacity under line of credit facility	116,200,000
Fixed charges coverage ratio	1
Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	0.50%
Terms of credit agreement	Base Rate Loans bear interest equal to the highest of (a) the Federal Funds Rate plus one-half of one percent (0.50%), (b) the Adjusted LIBO Rate plus one percent (1.00%), or (c) the Wells Fargo "prime rate," plus the Applicable Margin (25 to 75 basis points)
Weighted average interest rate on debt amounts outstanding	1.69%
London Interbank Offered Rate (LIBOR) [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	1.00%
Equipment Term Loan [Member]
Debt Instrument [Line Items]
Weighted average interest rate on debt amounts outstanding	2.18%
Equipment Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	2.00%
Equipment Term Loan [Member] | Wells Fargo Equipment Finance [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		25,000,000
Credit facility agreement expiration date		2018-02
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		100,000,000
Credit facility agreement expiration date		28-Feb-17
Senior Secured Revolving Credit Facility [Member] | Wells Fargo Bank [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$250,000,000
Credit facility agreement expiration date		2020-02

Debt_Summary_of_Longterm_Debt_

Debt - Summary of Long-term Debt (Detail) (USD $)	2-May-15
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
Revolving credit facility	$127,444
Equipment term loan	25,000
Total	152,444
Current maturities	-6,667
Long-term debt	$145,777

Debt_Aggregate_Maturities_of_L

Debt - Aggregate Maturities of Long-term Debt (Detail) (USD $)	2-May-15
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
2015	$4,167
2016	10,000
2017	10,833
2018	0
2019	0
Thereafter	127,444
Total	$152,444

Shareholders_Equity_Additional

Shareholders' Equity - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended
	Feb. 04, 2015	2-May-15	3-May-14
Schedule of Shareholders' Equity [Line Items]
Dividend declared and cash paid per share	$5	$5.08	$0.05
Incremental compensation expense		$0
Quarterly dividend paid per common share, payment date		17-Apr-15	18-Apr-14
Dividends declared per common share		$5.08	$0.13
Repurchase of shares		190,140	209,973
Repurchase shares value		$3,000,000	$2,600,000
Dividend Declared [Member]
Schedule of Shareholders' Equity [Line Items]
Dividends declared per common share			$0.08
Dividends declared per common share, payable date			18-Jul-14
Board of Directors [Member]
Schedule of Shareholders' Equity [Line Items]
Repurchase of shares		0
Repurchase of shares, remaining		292,970

Earnings_Per_Share_Basic_and_D

Earnings Per Share - Basic and Diluted Income Per Common Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	2-May-15	3-May-14
Basic Earnings Per Common Share:
Net income	$13,564	$14,075
Income allocated to participating securities	144	295
Net income available to common shareholders	13,420	13,780
Basic weighted-average shares outstanding	44,612	43,829
Basic earnings per share	$0.30	$0.31
Diluted Earnings Per Common Share:
Net income	13,564	14,075
Income allocated to participating securities	195	292
Net income available to common shareholders	$13,369	$13,783
Basic weighted-average shares outstanding	44,612	43,829
Incremental shares from share-based compensation plans	1,154	627
Diluted weighted-average shares outstanding	45,766	44,456
Diluted earnings per share	$0.29	$0.31

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Earnings Per Share [Abstract]
Weighted average common stock equivalents	28	100

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	2-May-15	3-May-14
Commitments and Contingencies Disclosure [Abstract]
SEC investigation expense	$0.50	$0.30