Stein Mart (SMRTQ) 10-Q 29 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 28, 2017	Nov. 28, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	SMRT
Entity Registrant Name	STEIN MART INC
Entity Central Index Key	884,940
Current Fiscal Year End Date	--02-03
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		47,952,360

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016
Current assets:
Cash and cash equivalents	$ 13,230	$ 10,604	$ 13,968
Inventories	311,255	291,110	383,932
Prepaid expenses and other current assets	31,371	30,249	29,980
Total current assets	355,856	331,963	427,880
Property and equipment, net of accumulated depreciation and amortization of $236,623, $218,304 and $212,689, respectively	159,006	165,542	172,771
Other assets	30,192	30,344	29,831
Total assets	545,054	527,849	630,482
Current liabilities:
Accounts payable	179,666	114,419	208,161
Current portion of long-term debt	3,333	10,000	10,000
Accrued expenses and other current liabilities	78,595	72,772	77,076
Total current liabilities	261,594	197,191	295,237
Long-term debt, net of current portion	147,472	171,792	169,681
Deferred rent	41,592	41,774	42,266
Other liabilities	47,219	46,832	45,401
Total liabilities	497,877	457,589	552,585
COMMITMENTS AND CONTINGENCIES
Shareholders' equity:
Preferred stock - $.01 par value, 1,000,000 shares authorized; no shares issued or outstanding
Common stock - $.01 par value; 100,000,000 shares authorized; 47,867,630, 47,018,942 and 46,919,426 shares issued and outstanding, respectively	479	470	469
Additional paid-in capital	54,528	50,241	49,497
Retained (deficit) earnings	(7,552)	19,853	28,196
Accumulated other comprehensive loss	(278)	(304)	(265)
Total shareholders' equity	47,177	70,260	77,897
Total liabilities and shareholders' equity	$ 545,054	$ 527,849	$ 630,482

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016
Statement of Financial Position [Abstract]
Accumulated depreciation and amortization	$ 236,623	$ 218,304	$ 212,689
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	47,867,630	47,018,942	46,919,426
Common stock, shares outstanding	47,867,630	47,018,942	46,919,426

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Income Statement [Abstract]
Net sales	$ 285,395	$ 299,527	$ 933,766	$ 975,000
Cost of merchandise sold	217,126	226,816	705,273	703,958
Gross profit	68,269	72,711	228,493	271,042
Selling, general and administrative expenses	92,158	89,034	263,853	259,348
Operating (loss) income	(23,889)	(16,323)	(35,360)	11,694
Interest expense, net	1,156	949	3,437	2,798
(Loss) income before income taxes	(25,045)	(17,272)	(38,797)	8,896
Income tax (benefit) expense	(10,429)	(6,262)	(14,888)	3,588
Net (loss) income	$ (14,616)	$ (11,010)	$ (23,909)	$ 5,308
Net (loss) earnings per common share:
Basic	$ (0.31)	$ (0.24)	$ (0.52)	$ 0.12
Diluted	$ (0.31)	$ (0.24)	$ (0.52)	$ 0.11
Weighted-average shares outstanding:
Basic	46,447	45,845	46,292	45,720
Diluted	46,447	45,845	46,292	46,599
Dividends declared per common share		$ 0.075	$ 0.075	$ 0.225

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (14,616)	$ (11,010)	$ (23,909)	$ 5,308
Other comprehensive income, net of tax:
Amounts reclassified from accumulated other comprehensive loss	9	4	26	14
Comprehensive (loss) income	$ (14,607)	$ (11,006)	$ (23,883)	$ 5,322

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
Cash flows from operating activities:
Net (loss) income	$ (23,909)	$ 5,308
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	24,254	23,636
Share-based compensation	4,194	6,306
Store closing charges	97	25
Impairment of property and other assets	640	277
Loss on disposal of property and equipment	287	14
Deferred income taxes	1,900	520
Tax expense from equity issuances		(187)
Excess tax benefits from share-based compensation		(31)
Changes in assets and liabilities:
Inventories	(20,145)	(90,324)
Prepaid expenses and other current assets	(1,122)	(11,581)
Other assets	(820)	(831)
Accounts payable	65,298	102,469
Accrued expenses and other current liabilities	4,696	6,812
Other liabilities	(2,566)	14,764
Net cash provided by operating activities	52,804	57,177
Cash flows from investing activities:
Net acquisition of property and equipment	(17,168)	(35,026)
Proceeds from cancelled corporate owned life insurance policies	1,504	246
Net cash used in investing activities	(15,664)	(34,780)
Cash flows from financing activities:
Proceeds from borrowings	290,169	292,183
Repayments of debt	(321,187)	(302,683)
Cash dividends paid	(3,597)	(10,378)
Capital lease payments	(1)
Excess tax benefits from share-based compensation		31
Proceeds from exercise of stock options and other	328	1,715
Repurchase of common stock	(226)	(1,127)
Net cash used in financing activities	(34,514)	(20,259)
Net increase in cash and cash equivalents	2,626	2,138
Cash and cash equivalents at beginning of year	10,604	11,830
Cash and cash equivalents at end of period	13,230	13,968
Supplemental disclosures of cash flow information:
Income taxes (received) paid	(18,103)	11,818
Interest paid	3,340	2,715
Accruals and accounts payable for capital expenditures	2,479	$ 2,866
Property and equipment acquired through capital lease	$ 826

Basis of Presentation

Basis of Presentation	9 Months Ended
	Oct. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying Condensed Consolidated Financial Statements (Unaudited) 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 S-X. 10-K/A As used herein, the terms “we,” “our,” “us” and “Stein Mart” refer to Stein Mart, Inc. and its wholly-owned subsidiaries. Certain reclassifications have been made in the Condensed Consolidated Statements of Cash Flows (Unaudited) during the 39 weeks ended October 29, 2016, to conform to the 2017 presentation. Correction of an Immaterial Error During the fourth quarter of fiscal 2016, we identified an immaterial prior period error in our lower-of-cost-or-market out-of-period Accrued Expenses and Other Current Liabilities The major components of accrued expenses and other current liabilities are as follows (in thousands): October 28, 2017 January 28, 2017 October 29, 2016 Compensation and employee benefits $ 7,944 $ 11,016 $ 7,701 Unredeemed gift and merchandise return cards 8,777 11,954 8,180 Property taxes 17,364 14,274 15,000 Accrued vacation 7,715 7,715 7,306 Other 36,795 27,813 38,889 Accrued expenses and other current liabilities $ 78,595 $ 72,772 $ 77,076 Capital Leases In October 2017, Stein Mart entered into a three-year capital lease agreement for networking and telephone equipment. The capital lease agreement carries a bargain purchase option for the equipment. The leased networking equipment has a useful life of three years and the telephone equipment has a useful life of five years; the equipment will be depreciated on a straight-line basis over the respective periods. The leased equipment was recorded at fair value as this amount was less than the present value of the minimum lease payments, which was $0.8 million. The gross value of assets subject to capital leases was $0.8 million as of October 28, 2017, and is included in Property and equipment, net on the Condensed Consolidated Balance Sheets (Unaudited). The remaining capital lease obligation of $0.8 million as of October 28, 2017, is split between Accrued expenses and other current liabilities for the short-term portion and Other liabilities for the long-term portion on the Condensed Consolidated Balance Sheets (Unaudited). Hurricanes Harvey and Irma During the third quarter of 2017, hurricanes Harvey and Irma made landfall in Texas and Florida, respectively. We operate 44 stores in Texas and 46 stores in Florida and approximately half of these locations were closed for multiple days or had reduced hours of operation. We have recognized a loss of approximately $1.4 million in hurricane-related expenses, mainly related to damaged inventory. We have also received $0.5 million in insurance recoveries during the period. We continue to work with our insurers on our claims and will recover additional amounts for our losses related to the hurricanes. Those recoveries will be recorded when they are received. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-04, Liabilities-Extinguishments of Liabilities Subtopic 405-20 Recognition of Breakage for Certain Prepaid Stored-Value Products In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 in In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) No. 2014-09 We have completed an initial scoping analysis of the effect of the standards to identify the revenue streams that may be affected by this ASU. In our ongoing evaluation of this ASU, we have determined that the new standard will primarily apply to the following areas of our business: point of sale transactions, ecommerce, consignment, drop ship, shipping and handling, credit card income, gift card breakage and loyalty programs. We expect the adoption will not change the timing or amount of revenue recognized as it relates to revenue from point of sale at the registers in our stores, which constitutes approximately 97% of our Net sales revenue. We continue to evaluate other revenue streams, such as ecommerce sales and shipping revenue, and there may be a slight change in the timing of when such revenue is recognized. This guidance was deferred by ASU No. 2015-14,

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Oct. 28, 2017
Equity [Abstract]
Shareholders' Equity	2. Shareholders’ Equity Dividends During the 39 weeks ended October 28, 2017, we paid a quarterly dividend of $0.075 per common share on April 14, 2017. During the 39 weeks ended October 29, 2016, we paid three quarterly dividends of $0.075 per common share on April 15, 2016, July 15, 2016 and October 14, 2016. Stock Repurchase Plan During the 13 weeks ended October 28, 2017, we repurchased 5,636 shares of our common stock at a total cost of less than $0.1 million. During the 13 weeks ended October 29, 2016, we repurchased 15,999 shares of our common stock at a total cost of approximately $0.1 million. During the 39 weeks ended October 28, 2017, we repurchased 69,122 shares of our common stock at a total cost of approximately $0.2 million. During the 39 weeks ended October 29, 2016, we repurchased 166,657 shares of our common stock at a total cost of approximately $1.1 million. Stock repurchases were for tax withholding amounts due on employee stock awards and during 2017 and 2016, included no shares purchased on the open market under our previously authorized stock repurchase plan. As of October 28, 2017, there are 427,408 shares that can be repurchased pursuant to the Board of Directors’ current authorization.

Earnings per Share

Earnings per Share	9 Months Ended
	Oct. 28, 2017
Earnings Per Share [Abstract]
Earnings per Share	3. Earnings per Share Our restricted stock awards granted in 2013 contain non-forfeitable two-class two-class The following table sets forth the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share data): 13 Weeks Ended 13 Weeks Ended 39 Weeks Ended 39 Weeks Ended October 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 Basic: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Basic (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.12 Diluted: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to diluted participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Incremental shares from share-based compensation plans - - - 879 Diluted weighted-average shares outstanding 46,447 45,845 46,292 46,599 Diluted (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.11 Options to acquire shares and performance share awards totaling approximately 2.9 million and 1.4 million shares of common stock that were outstanding during the 13 weeks ended October 28, 2017 and October 29, 2016, respectively, were not included in the computation of diluted (loss) 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. Options to acquire shares and performance share awards totaling approximately 2.9 million and 2.1 million shares of common stock that were outstanding during the 39 weeks ended October 28, 2017 and October 29, 2016, respectively, were not included in the computation of diluted (loss) 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. For periods of net loss, basic and diluted EPS are the same, as the assumed conversion of stock options and performance awards are anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 28, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	4. Commitments and Contingencies We are involved in various routine legal proceedings incidental to the conduct of our business. During the 13 weeks ended October 28, 2017, we did not accrue for any actual or anticipated legal settlements. During the 13 weeks ended October 29, 2016, we accrued less than $0.1 million for actual and anticipated legal settlements. During the 39 weeks ended October 28, 2017 we did not accrue for any actual or anticipated legal settlements. During the 39 weeks ended October 29, 2016, we accrued $1.9 million for actual and anticipated legal settlements. While some of these matters could be material to our results of operations or cash flows for any particular period if an unfavorable outcome results, we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our overall financial condition.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Oct. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements (Unaudited) 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 S-X. 10-K/A As used herein, the terms “we,” “our,” “us” and “Stein Mart” refer to Stein Mart, Inc. and its wholly-owned subsidiaries. Certain reclassifications have been made in the Condensed Consolidated Statements of Cash Flows (Unaudited) during the 39 weeks ended October 29, 2016, to conform to the 2017 presentation.
Correction of an Immaterial Error	Correction of an Immaterial Error During the fourth quarter of fiscal 2016, we identified an immaterial prior period error in our lower-of-cost-or-market out-of-period
Capital Leases	Capital Leases In October 2017, Stein Mart entered into a three-year capital lease agreement for networking and telephone equipment. The capital lease agreement carries a bargain purchase option for the equipment. The leased networking equipment has a useful life of three years and the telephone equipment has a useful life of five years; the equipment will be depreciated on a straight-line basis over the respective periods. The leased equipment was recorded at fair value as this amount was less than the present value of the minimum lease payments, which was $0.8 million. The gross value of assets subject to capital leases was $0.8 million as of October 28, 2017, and is included in Property and equipment, net on the Condensed Consolidated Balance Sheets (Unaudited). The remaining capital lease obligation of $0.8 million as of October 28, 2017, is split between Accrued expenses and other current liabilities for the short-term portion and Other liabilities for the long-term portion on the Condensed Consolidated Balance Sheets (Unaudited).
Hurricanes Harvey and Irma	Hurricanes Harvey and Irma During the third quarter of 2017, hurricanes Harvey and Irma made landfall in Texas and Florida, respectively. We operate 44 stores in Texas and 46 stores in Florida and approximately half of these locations were closed for multiple days or had reduced hours of operation. We have recognized a loss of approximately $1.4 million in hurricane-related expenses, mainly related to damaged inventory. We have also received $0.5 million in insurance recoveries during the period. We continue to work with our insurers on our claims and will recover additional amounts for our losses related to the hurricanes. Those recoveries will be recorded when they are received.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-04, Liabilities-Extinguishments of Liabilities Subtopic 405-20 Recognition of Breakage for Certain Prepaid Stored-Value Products In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-02 in In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) No. 2014-09 We have completed an initial scoping analysis of the effect of the standards to identify the revenue streams that may be affected by this ASU. In our ongoing evaluation of this ASU, we have determined that the new standard will primarily apply to the following areas of our business: point of sale transactions, ecommerce, consignment, drop ship, shipping and handling, credit card income, gift card breakage and loyalty programs. We expect the adoption will not change the timing or amount of revenue recognized as it relates to revenue from point of sale at the registers in our stores, which constitutes approximately 97% of our Net sales revenue. We continue to evaluate other revenue streams, such as ecommerce sales and shipping revenue, and there may be a slight change in the timing of when such revenue is recognized. This guidance was deferred by ASU No. 2015-14,

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Oct. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Major Components of Accrued Expenses and Other Current Liabilities	The major components of accrued expenses and other current liabilities are as follows (in thousands): October 28, 2017 January 28, 2017 October 29, 2016 Compensation and employee benefits $ 7,944 $ 11,016 $ 7,701 Unredeemed gift and merchandise return cards 8,777 11,954 8,180 Property taxes 17,364 14,274 15,000 Accrued vacation 7,715 7,715 7,306 Other 36,795 27,813 38,889 Accrued expenses and other current liabilities $ 78,595 $ 72,772 $ 77,076

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Oct. 28, 2017
Earnings Per Share [Abstract]
Calculation of Basic and Diluted (Loss) Earning Per Common Share	The following table sets forth the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share data): 13 Weeks Ended 13 Weeks Ended 39 Weeks Ended 39 Weeks Ended October 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 Basic: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Basic (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.12 Diluted: Net (loss) income $ (14,616 ) $ (11,010 ) $ (23,909 ) $ 5,308 Income allocated to diluted participating securities - 18 2 22 Net (loss) income available to common shareholders $ (14,616 ) $ (11,028 ) $ (23,911 ) $ 5,286 Basic weighted-average shares outstanding 46,447 45,845 46,292 45,720 Incremental shares from share-based compensation plans - - - 879 Diluted weighted-average shares outstanding 46,447 45,845 46,292 46,599 Diluted (loss) earnings per common share $ (0.31 ) $ (0.24 ) $ (0.52 ) $ 0.11

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail)	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 28, 2017USD ($)Store	Oct. 28, 2017USD ($)Store	Oct. 29, 2016USD ($)	Oct. 28, 2017USD ($)Store	Oct. 29, 2016USD ($)
Basis Of Presentation And Organization [Line Items]
Immaterial Error Correction				During the fourth quarter of fiscal 2016, we identified an immaterial prior period error in our lower-of-cost-or-market adjustment for aged inventory. The immaterial error was corrected with a charge during the fourth quarter of fiscal 2016 resulting in an out-of-period increase in Cost of merchandise sold. The effect of this immaterial error on the 13 and 39 weeks ended October 29, 2016 would have been an increase of $0.2 million to Cost of merchandise sold, a decrease of $0.1 million in net income and an increase of $0.7 million to Cost of merchandise sold and a decrease of $0.4 million in net income, respectively.
Cost of merchandise sold		$ 217,126,000	$ 226,816,000	$ 705,273,000	$ 703,958,000
Net income (loss)		(14,616,000)	(11,010,000)	(23,909,000)	5,308,000
Capital lease agreement term	3 years
Present value of the minimum capital lease payments	$ 800,000	800,000		800,000
Gross value of assets subject to capital leases	$ 800,000	800,000		$ 800,000
Loss due to natural calamity		1,400,000
Insurance recoveries		$ 500,000
Texas [Member]
Basis Of Presentation And Organization [Line Items]
Number of stores | Store	44	44		44
Florida [Member]
Basis Of Presentation And Organization [Line Items]
Number of stores | Store	46	46		46
Networking Equipment [Member]
Basis Of Presentation And Organization [Line Items]
Useful life of leased agreement				Three years
Telephone Equipment [Member]
Basis Of Presentation And Organization [Line Items]
Useful life of leased agreement				Five years
Sales Revenue, Net [Member] | Product Concentration Risk [Member]
Basis Of Presentation And Organization [Line Items]
Concentration risk, percentage				97.00%
Restatement Adjustment [Member]
Basis Of Presentation And Organization [Line Items]
Cost of merchandise sold			200,000		700,000
Net income (loss)			$ (100,000)		$ (400,000)

Basis of Presentation - Major C

Basis of Presentation - Major Components of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016
Accrued Liabilities and Other Liabilities [Abstract]
Compensation and employee benefits	$ 7,944	$ 11,016	$ 7,701
Unredeemed gift and merchandise return cards	8,777	11,954	8,180
Property taxes	17,364	14,274	15,000
Accrued vacation	7,715	7,715	7,306
Other	36,795	27,813	38,889
Accrued expenses and other current liabilities	$ 78,595	$ 72,772	$ 77,076

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	Apr. 14, 2017	Oct. 14, 2016	Jul. 15, 2016	Apr. 15, 2016	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Schedule of Shareholders' Equity [Line Items]
Dividends declared and cash paid per share	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Repurchase of shares					5,636	15,999	69,122	166,657
Repurchase shares value						$ 100,000	$ 200,000	$ 1,100,000
Board of Directors [Member]
Schedule of Shareholders' Equity [Line Items]
Repurchase of shares							0	0
Repurchase of shares, remaining					427,408		427,408
Maximum [Member]
Schedule of Shareholders' Equity [Line Items]
Repurchase shares value					$ 100,000

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic and Diluted (Loss) Earning Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Basic:
Net (loss) income	$ (14,616)	$ (11,010)	$ (23,909)	$ 5,308
Income allocated to participating securities		18	2	22
Net (loss) income available to common shareholders	$ (14,616)	$ (11,028)	$ (23,911)	$ 5,286
Basic weighted-average shares outstanding	46,447	45,845	46,292	45,720
Basic (loss) earnings per common share	$ (0.31)	$ (0.24)	$ (0.52)	$ 0.12
Diluted:
Net (loss) income	$ (14,616)	$ (11,010)	$ (23,909)	$ 5,308
Income allocated to diluted participating securities		18	2	22
Net (loss) income available to common shareholders	$ (14,616)	$ (11,028)	$ (23,911)	$ 5,286
Basic weighted-average shares outstanding	46,447	45,845	46,292	45,720
Incremental shares from share-based compensation plans				879
Diluted weighted-average shares outstanding	46,447	45,845	46,292	46,599
Diluted (loss) earnings per common share	$ (0.31)	$ (0.24)	$ (0.52)	$ 0.11

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Earnings Per Share [Abstract]
Antidilutive options and market based performance shares	2.9	1.4	2.9	2.1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Contingencies And Commitments [Line Items]
Actual and anticipated legal settlements accrued	$ 0		$ 0	$ 1,900,000
Maximum [Member]
Contingencies And Commitments [Line Items]
Actual and anticipated legal settlements accrued		$ 100,000