Stein Mart (SMRTQ) 10-Q 7 Jun 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 05, 2018	Jun. 06, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 5, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	SMRT
Entity Registrant Name	STEIN MART INC
Entity Central Index Key	884,940
Current Fiscal Year End Date	--02-02
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		47,871,360

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Current assets:
Cash and cash equivalents	$ 16,165	$ 10,400	$ 15,554
Inventories	296,964	270,237	322,030
Prepaid expenses and other current assets	35,597	26,620	26,007
Total current assets	348,726	307,257	363,591
Property and equipment, net of accumulated depreciation and amortization of $235,748, $231,997 and $221,626, respectively	144,109	151,128	164,012
Other assets	24,838	24,973	28,692
Total assets	517,673	483,358	556,295
Current liabilities:
Accounts payable	93,632	119,388	162,208
Current portion of long-term debt	159,415	13,738	8,333
Accrued expenses and other current liabilities	78,418	78,453	73,175
Total current liabilities	331,465	211,579	243,716
Long-term debt, net of current portion	49,266	142,387	149,119
Deferred rent	41,535	40,860	42,509
Other liabilities	38,785	40,214	49,128
Total liabilities	461,051	435,040	484,472
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; 47,910,450, 47,978,275 and 47,181,498 shares issued and outstanding, respectively	479	480	472
Additional paid-in capital	56,961	56,002	51,557
Retained (deficit) earnings	(576)	(7,918)	20,090
Accumulated other comprehensive loss	(242)	(246)	(296)
Total shareholders' equity	56,622	48,318	71,823
Total liabilities and shareholders' equity	$ 517,673	$ 483,358	$ 556,295

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Statement of Financial Position [Abstract]
Accumulated depreciation and amortization	$ 235,748	$ 231,997	$ 221,626
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	47,910,450	47,978,275	47,181,498
Common stock, shares outstanding	47,910,450	47,978,275	47,181,498

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Income Statement [Abstract]
Net sales	$ 326,685	$ 337,335
Other revenue	4,302	3,714
Total revenue	330,987	341,049
Cost of merchandise sold	230,621	241,779
Selling, general and administrative expenses	90,509	89,208
Operating income	9,857	10,062
Interest expense, net	2,463	1,139
Income before income taxes	7,394	8,923
Income tax expense	60	5,223
Net income	$ 7,334	$ 3,700
Net earnings per common share:
Basic	$ 0.16	$ 0.08
Diluted	$ 0.16	$ 0.08
Weighted-average shares outstanding:
Basic	46,610	46,165
Diluted	46,659	46,171
Dividends declared per common share	$ 0	$ 0.075

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 7,334	$ 3,700
Other comprehensive income, net of tax:
Amounts reclassified from accumulated other comprehensive income	4	8
Comprehensive income	$ 7,338	$ 3,708

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Cash flows from operating activities:
Net income	$ 7,334	$ 3,700
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	8,070	8,085
Share-based compensation	995	1,523
Store closing charges	116	286
Impairment of property and other assets	299	31
Loss on disposal of property and equipment	99	232
Deferred income taxes		4,858
Changes in assets and liabilities:
Inventories	(26,727)	(30,920)
Prepaid expenses and other current assets	(8,977)	4,242
Other assets	(2,311)	1,196
Accounts payable	(25,735)	47,924
Accrued expenses and other current liabilities	217	296
Other liabilities	(586)	(1,355)
Net cash (used in) provided by operating activities	(47,206)	40,098
Cash flows from investing activities:
Net acquisition of property and equipment	(1,664)	(7,182)
Proceeds from cancelled corporate owned life insurance policies	2,514	83
Net cash provided by (used in) investing activities	850	(7,099)
Cash flows from financing activities:
Proceeds from borrowings	428,877	108,911
Repayments of debt	(375,587)	(133,261)
Debt issuance costs	(802)
Cash dividends paid	(147)	(3,494)
Capital lease payments	(183)
Repurchase of common stock	(37)	(205)
Net cash provided by (used in) financing activities	52,121	(28,049)
Net increase in cash and cash equivalents	5,765	4,950
Cash and cash equivalents at beginning of year	10,400	10,604
Cash and cash equivalents at end of period	16,165	15,554
Supplemental disclosures of cash flow information:
Income taxes received	(228)	(8,220)
Interest paid	2,096	1,087
Accruals and accounts payable for capital expenditures	$ 379	$ 1,464

Basis of Presentation

Basis of Presentation	3 Months Ended
	May 05, 2018
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 As used herein, the terms “we,” “our,” “us” and “Stein Mart” refer to Stein Mart, Inc. and its wholly-owned subsidiaries. Revenue Recognition In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) No. 2014-09 No. 2014-09 Revenue from sales of our merchandise is recognized at the time of sale net of any returns, discounts and percentage-off We offer gift and merchandise return cards to our customers. Some cards are electronic and none have expiration dates. At the time gift cards are sold the issuance is recorded as a liability to customers and no revenue is recognized. At the time merchandise return cards are issued for returned merchandise, the sale is reversed and a liability to customers is recorded. These card liabilities are reduced and sales revenue recognized when they are redeemed for merchandise. Card liabilities are included in accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets (Unaudited). Our gift and merchandise return cards may not ultimately be redeemed either in full or partially. We account for this “breakage” of unused amounts as revenue in proportion to the pattern of rights exercised by the customer. With the adoption of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) Credit Card We offer co-branded We receive royalty revenue from Synchrony based on card usage in our stores and at other retailers for the Stein Mart Mastercard. We also receive revenues from them for new accounts and gainsharing based on the profitability of the overall program. With the adoption of ASU No. 2014-09, No. 2014-09, Once a card is activated, the card holders are eligible to participate in the credit card rewards program, which provides for an incentive to card holders in the form of reward points for which certificates are issued in $10 increments, which is equivalent to 1,000 points. Points are valued at the stand alone selling price of the certificates issued. We defer a portion of our revenue for loyalty points earned by customers using the co-branded in-store Adjustments to Previously Reported Financial Statements The following tables set forth the adjustments made to our financial statements for the adoption of ASU No. 2014-09 Condensed Consolidated Balance Sheets February 3, 2018 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 24,194 $ 2,426 $ 26,620 Accrued expenses and other current liabilities 76,058 2,395 78,453 Retained deficit (7,949 ) 31 (7,918) April 29, 2017 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 24,161 $ 1,846 $ 26,007 Accrued expenses and other current liabilities 71,360 1,815 73,175 Retained earnings 20,059 31 20,090 Condensed Consolidated Statements of Income 13 Weeks Ended - April 29, 2017 As Reported Adjustment As Adjusted Other revenue $ - $ 3,714 $ 3,714 Selling, general and administrative expenses 85,494 3,714 89,208 Condensed Consolidated Statements of Cash Flows 13 Weeks Ended - April 29, 2017 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 6,088 $ (1,846 ) $ 4,242 Accrued expenses and other current liabilities (1,550 ) 1,846 296 Revenue The following table sets forth our revenue by type of contract (in thousands): 13 Weeks Ended May 5, 2018 13 Weeks Ended Store sales (1) $ 306,911 $ 322,171 Ecommerce sales (1) 12,814 8,598 Licensee commissions (2) 6,960 6,566 Net sales $ 326,685 $ 337,335 Credit card revenue (3) 2,268 2,668 Breakage revenue (4) 1,995 995 Other 39 51 Other revenue 4,302 3,714 Total revenue $ 330,987 $ 341,049 (1) Store and Ecommerce sales are net of any returns, discounts and percentage-off (2) Licensee commissions are leased department commissions received net of any returns. (3) Credit card revenue earned from Synchrony programs. (4) Breakage revenue earned on unused gift and merchandise return cards and unused certificates and loyalty reward points. The following table sets forth the gross up of the sales return reserve (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Reserve for sales returns $ (6,133 ) $ (4,094 ) $ (3,141) Cost of inventory returns 3,378 2,426 1,846 The following table sets forth the contract liabilities and their relationship to revenue (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Deferred revenue contracts (12,115 ) (12,512 ) (13,703) Gift card liability (9,675 ) (12,180 ) (9,577) Credit card reward liability (4,449 ) (4,689 ) (3,175) Liability for deferred revenue $ (26,239 ) $ (29,381 ) $ (26,455) Contract liabilities include consideration received for gift card and loyalty related performance obligations which have not been satisfied as of the dates presented above. The following table sets forth a rollforward of the amounts included in contract liabilities for the periods presented (in thousands): 13 Weeks Ended 13 Weeks Ended Beginning balance $ 29,381 $ 29,412 Current period gift cards sold and loyalty reward points earned 7,101 6,334 Net sales from redemptions (1) (7,851 ) (7,900 ) Breakage and amortization (2) (2,392 ) (1,391 ) Ending balance $ 26,239 $ 26,455 (1) $4.5 million and $4.6 million in net sales from redemptions were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively. (2) $2.3 million and $1.3 million in breakage and amortization were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively. Accrued Expenses and Other Current Liabilities The following table sets forth the major components of accrued expenses and other current liabilities (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Property taxes $ 14,280 $ 17,451 $ 12,876 Unredeemed gift and merchandise return cards 9,640 12,150 9,559 Compensation and employee benefits 8,068 7,732 7,116 Accrued vacation 7,632 7,632 7,715 Other 38,798 33,488 35,909 Accrued expenses and other current liabilities $ 78,418 $ 78,453 $ 73,175 Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued 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

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	May 05, 2018
Equity [Abstract]
Shareholders' Equity	2. Shareholders’ Equity Dividends During the 13 weeks ended May 5, 2018, there were no cash dividends declared. During the 13 weeks ended April 29, 2017, we paid a quarterly cash dividend of $0.075 per common share on April 14, 2017. Stock Repurchase Plan During the 13 weeks ended May 5, 2018, we repurchased 45,103 shares of our common stock at a total cost of less than $0.1 million. During the 13 weeks ended April 29, 2017, we repurchased 56,753 shares of our common stock at a total cost of approximately $0.2 million. Stock repurchases were for tax withholding amounts due on employee stock awards and during 2018 and 2017, included no shares purchased on the open market under our previously authorized stock repurchase plan. As of May 5, 2018, there are 370,195 shares that can be repurchased pursuant to the Board of Directors’ current authorization.

Earnings per Share

Earnings per Share	3 Months Ended
	May 05, 2018
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 earnings per common share (in thousands, except per share data): 13 Weeks Ended 13 Weeks Ended Basic: Net income $ 7,334 $ 3,700 Income allocated to participating securities 1 2 Net income available to common shareholders $ 7,333 $ 3,698 Basic weighted-average shares outstanding 46,610 46,165 Basic earnings per common share $ 0.16 $ 0.08 Diluted: Net income $ 7,334 $ 3,700 Income allocated to diluted participating securities 1 2 Net income available to common shareholders $ 7,333 $ 3,698 Basic weighted-average shares outstanding 46,610 46,165 Incremental shares from share-based compensation plans 49 6 Diluted weighted-average shares outstanding 46,659 46,171 Diluted earnings per common share $ 0.16 $ 0.08 Diluted weighted-average shares outstanding exclude approximately 3.7 million and 3.9 million shares during the 13 weeks ended May 5, 2018 and April 29, 2017, respectively, which are anti-dilutive for the periods presented. These shares are comprised of a mix of stock options, performance awards and restricted stock. Stock 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. Restricted stock and performance shares excluded were shares that were anti-dilutive as calculated using the treasury stock method.

Debt

Debt	3 Months Ended
	May 05, 2018
Debt Disclosure [Abstract]
Debt	4. Debt The following table sets forth our debt (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Revolving credit facility $ 146,128 $ 142,387 $ 149,150 Term loan 50,000 - - Promissory note 13,287 13,738 - Equipment term loan - - 8,333 Total debt 209,415 156,125 157,483 Current portion (159,415) (13,738) (8,333) Debt issuance costs (734) - (31) Long-term debt $ 49,266 $ 142,387 $ 149,119 Revolving Credit Facility and Equipment Term Loan On February 3, 2015, we entered into a $250.0 million senior secured revolving credit facility pursuant to a second amended and restated credit agreement (the “Credit Agreement”) with Wells Fargo Bank (“Wells Fargo”) that will mature in February 2020 (the “Revolving Credit Facility”) and a secured $25.0 million master loan agreement with Wells Fargo Equipment Finance, Inc. (the “Equipment Term Loan”) with an original maturity in February 2018. Borrowings under the Revolving Credit Facility were initially used for a special dividend but are subsequently being used for working capital, capital expenditures and other general corporate purposes. During 2015, debt issuance costs associated with the Revolving Credit Facility and the Equipment Term Loan were capitalized in the amount of $0.4 million and have been fully amortized. We repaid the Equipment Term Loan in full on January 22, 2018. On February 19, 2018, we entered into Amendment No. 1 (the “Credit Agreement Amendment”) to the Credit Agreement with Wells Fargo. The Credit Agreement Amendment provides for, among other things, an Accommodation Period (as defined in the Credit Agreement Amendment) during which we were not required to meet the Fixed Charge Coverage Ratio (as defined in the Credit Agreement). This change permitted us to borrow the full amount of the then applicable borrowing base until we delivered our financial statements for the Measurement Period (as defined in the Credit Agreement) ended February 28, 2018. Pursuant to the Credit Agreement Amendment, a Cash Dominion Event (as defined in the Credit Agreement Amendment) has occurred as of the effective date of the Credit Agreement Amendment and at all times thereafter. As a result of the Cash Dominion Event, all of our cash receipts are swept daily to repay outstanding borrowings under the Credit Agreement. We manage our cash on a daily basis and borrow against the Credit Agreement based on our daily cash disbursement needs. As long as we remain within the terms of the Credit Agreement, the bank is obligated to allow us to draw up to our borrowing availability. The Credit Agreement matures in February 2020; however, as a result of the Cash Dominion Event the amount outstanding under the Credit Agreement has been classified as a short-term obligation. On March 14, 2018, we entered into Amendment No. 2 (the “Second Credit Agreement Amendment”) to the Credit Agreement with Wells Fargo. The Second Credit Agreement Amendment provides for, among other things, the following: (1) the $25.0 million Tranche A-1 The total amount available for borrowings under the Credit Agreement is the lesser of $225.0 million or 100 percent of eligible credit card receivables and the net recovery percentage of inventories less reserves. On May 5, 2018, in addition to outstanding borrowings under the Credit Agreement, we had $7.9 million of outstanding letters of credit and our unused availability under the Credit Agreement was $40.0 million. The Credit Agreement contains customary representations and warranties, affirmative and negative covenants (including the requirement of a 1.0 to 1.0 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 is cross-collateralized and cross-defaulted. Collateral for the Revolving Credit Facility and the Equipment Term Loan consists of substantially all of our personal property. Wells Fargo has a first lien on all collateral other than equipment. Wells Fargo Equipment Finance had a first lien on equipment through January 22, 2018, when we repaid the Equipment Term Loan in full. Borrowings under the Credit Agreement are either Base Rate Loans or London Interbank Offered Rate (“LIBOR”) loans. LIBOR Loans bear interest equal to the adjusted LIBOR 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 0.50 percent, (b) the adjusted LIBOR plus 1.00 percent, or (c) the Wells Fargo “prime rate,” plus the Applicable Margin (25 to 75 basis points). The weighted average interest rate for the amount outstanding under the Credit Agreement was 3.47 percent as of May 5, 2018. Promissory Note On February 2, 2018, we executed a promissory note under which we borrowed approximately $13.7 million (the “Promissory Note”) from SunTrust Bank (the “Trustee”) in its capacity as the trustee under a trust agreement (the “Trust Agreement”) dated September 1, 1999. The trust established by the Trust Agreement (the “Trust”) holds certain whole life insurance policies related to our executive deferred compensation plans. The Trustee obtained loans from the insurance policies held in the Trust in an amount not less than the amount of the Promissory Note. The Promissory Note is a short-term obligation and the proceeds were used to pay down borrowings under the existing Credit Agreement which provided additional availability under that agreement. The Promissory Note has a fixed interest rate of 3.58 percent per annum and an original maturity date of April 1, 2018. On March 7, 2018, we executed an amendment to the Promissory Note under which the Trustee extended the maturity date of the note from April 1, 2018, to July 1, 2018 (the “Maturity Date”). The amendment did not alter the short-term nature of the Promissory Note. The Promissory Note may be prepaid in whole or in part at any time. All unpaid principal and accrued interest on the Promissory Note will become due and payable on the Maturity Date. The Trustee may offset payments due under the Promissory Note against amounts we are otherwise entitled to withdraw from the Trust under the terms of the Trust Agreement. Term Loan On March 14, 2018, we entered into a Term Loan Credit Agreement with Gordon Brothers Finance Company, as administrative agent (in such capacity, the “Term Loan Agent”), and Gordon Brothers Finance Company, LLC, as lender (the “Term Loan Agreement”). The Term Loan Agreement provided for a term loan in the amount of $50.0 million (the “Term Loan”) and paid in full the existing $25.0 million Tranche A-1 A-1 A-1 The Term Loan will mature on the earlier of (1) the termination date specified in our Credit Agreement, as such date may be extended with the consent of the Term Loan Agent or in accordance with the Intercreditor Agreement (defined below), and (2) March 14, 2020. The Term Loan Agreement contains customary representations and warranties, affirmative and negative covenants including the retention of the existing minimum 1.0 to 1.0 consolidated fixed charge coverage ratio under the Credit Agreement, which limits borrowing availability if not met during periods where Revolving Excess Availability (as defined in the Term Loan Agreement) is less than the greater of $20.0 million or 10.0 percent of Combined Loan Cap (as defined in the Term Loan Agreement) for four consecutive business days, and events of default for a facility of this type. The Term Loan is secured by a second lien security interest (subordinate only to the liens securing the Credit Agreement) on all assets securing the Credit Agreement (which consist of substantially all of our personal property), except furniture, fixtures and equipment and intellectual property, upon which the Term Loan lenders will have a first lien security interest. If at any time prior to the first anniversary date of the Term Loan, the Revolving Excess Availability is less than $20.0 million, if requested by the Term Loan Agent, the Term Loan will also be secured by a first lien on leasehold interests in real property with an aggregate value of not less than $10.0 million, and the Credit Agreement will be secured by a second lien on such leasehold interests. The Term Loan is subject to certain mandatory prepayments if an Event of Default (as defined in the Term Loan Agreement) exists. If no such Event of Default exists, proceeds of the Term Loan priority collateral are to be applied to amounts outstanding under the Credit Agreement. The Term Loan Agent and Wells Fargo have entered into an Intercreditor Agreement dated as of March 14, 2018 (the “Intercreditor Agreement”), acknowledged by us under the Term Loan and the Credit Agreement. The non-default The weighted average interest rate for the amount outstanding under the Term Loan was 10.81 percent as of May 5, 2018. The following table sets forth the aggregate maturities of our long-term debt at May 5, 2018 for the following fiscal years (in thousands): 2019 $ - 2020 50,000 2021 - 2022 - 2023 - Thereafter - Total $50,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	May 05, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	5. Commitments and Contingencies We are involved in various routine legal proceedings incidental to the conduct of our business. During both the 13 weeks ended May 5, 2018 and April 29, 2017, we did not accrue for any actual or anticipated loss contingencies. 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.

Income Taxes

Income Taxes	3 Months Ended
	May 05, 2018
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes Our income tax expense for the 13 weeks ended May 5, 2018, reflects our net operating loss carryforward position along with the valuation allowance established against deferred tax assets during the fourth quarter of 2017. The first quarter of 2018 expense represents certain state income tax expense. We expect the effective tax rate to be close to zero percent for all of 2018.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	May 05, 2018
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 As used herein, the terms “we,” “our,” “us” and “Stein Mart” refer to Stein Mart, Inc. and its wholly-owned subsidiaries.
Revenue Recognition	Revenue Recognition In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) No. 2014-09 No. 2014-09 Revenue from sales of our merchandise is recognized at the time of sale net of any returns, discounts and percentage-off We offer gift and merchandise return cards to our customers. Some cards are electronic and none have expiration dates. At the time gift cards are sold the issuance is recorded as a liability to customers and no revenue is recognized. At the time merchandise return cards are issued for returned merchandise, the sale is reversed and a liability to customers is recorded. These card liabilities are reduced and sales revenue recognized when they are redeemed for merchandise. Card liabilities are included in accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets (Unaudited). Our gift and merchandise return cards may not ultimately be redeemed either in full or partially. We account for this “breakage” of unused amounts as revenue in proportion to the pattern of rights exercised by the customer. With the adoption of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606)
Credit Card	Credit Card We offer co-branded We receive royalty revenue from Synchrony based on card usage in our stores and at other retailers for the Stein Mart Mastercard. We also receive revenues from them for new accounts and gainsharing based on the profitability of the overall program. With the adoption of ASU No. 2014-09, No. 2014-09, Once a card is activated, the card holders are eligible to participate in the credit card rewards program, which provides for an incentive to card holders in the form of reward points for which certificates are issued in $10 increments, which is equivalent to 1,000 points. Points are valued at the stand alone selling price of the certificates issued. We defer a portion of our revenue for loyalty points earned by customers using the co-branded in-store
Adjustments to Previously Reported Financial Statements	Adjustments to Previously Reported Financial Statements The following tables set forth the adjustments made to our financial statements for the adoption of ASU No. 2014-09 Condensed Consolidated Balance Sheets February 3, 2018 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 24,194 $ 2,426 $ 26,620 Accrued expenses and other current liabilities 76,058 2,395 78,453 Retained deficit (7,949 ) 31 (7,918) April 29, 2017 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 24,161 $ 1,846 $ 26,007 Accrued expenses and other current liabilities 71,360 1,815 73,175 Retained earnings 20,059 31 20,090 Condensed Consolidated Statements of Income 13 Weeks Ended - April 29, 2017 As Reported Adjustment As Adjusted Other revenue $ - $ 3,714 $ 3,714 Selling, general and administrative expenses 85,494 3,714 89,208 Condensed Consolidated Statements of Cash Flows 13 Weeks Ended - April 29, 2017 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 6,088 $ (1,846 ) $ 4,242 Accrued expenses and other current liabilities (1,550 ) 1,846 296 Revenue The following table sets forth our revenue by type of contract (in thousands): 13 Weeks Ended May 5, 2018 13 Weeks Ended Store sales (1) $ 306,911 $ 322,171 Ecommerce sales (1) 12,814 8,598 Licensee commissions (2) 6,960 6,566 Net sales $ 326,685 $ 337,335 Credit card revenue (3) 2,268 2,668 Breakage revenue (4) 1,995 995 Other 39 51 Other revenue 4,302 3,714 Total revenue $ 330,987 $ 341,049 (1) Store and Ecommerce sales are net of any returns, discounts and percentage-off (2) Licensee commissions are leased department commissions received net of any returns. (3) Credit card revenue earned from Synchrony programs. (4) Breakage revenue earned on unused gift and merchandise return cards and unused certificates and loyalty reward points. The following table sets forth the gross up of the sales return reserve (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Reserve for sales returns $ (6,133 ) $ (4,094 ) $ (3,141) Cost of inventory returns 3,378 2,426 1,846 The following table sets forth the contract liabilities and their relationship to revenue (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Deferred revenue contracts (12,115 ) (12,512 ) (13,703) Gift card liability (9,675 ) (12,180 ) (9,577) Credit card reward liability (4,449 ) (4,689 ) (3,175) Liability for deferred revenue $ (26,239 ) $ (29,381 ) $ (26,455) Contract liabilities include consideration received for gift card and loyalty related performance obligations which have not been satisfied as of the dates presented above. The following table sets forth a rollforward of the amounts included in contract liabilities for the periods presented (in thousands): 13 Weeks Ended 13 Weeks Ended Beginning balance $ 29,381 $ 29,412 Current period gift cards sold and loyalty reward points earned 7,101 6,334 Net sales from redemptions (1) (7,851 ) (7,900 ) Breakage and amortization (2) (2,392 ) (1,391 ) Ending balance $ 26,239 $ 26,455 (1) $4.5 million and $4.6 million in net sales from redemptions were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively. (2) $2.3 million and $1.3 million in breakage and amortization were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively. Accrued Expenses and Other Current Liabilities The following table sets forth the major components of accrued expenses and other current liabilities (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Property taxes $ 14,280 $ 17,451 $ 12,876 Unredeemed gift and merchandise return cards 9,640 12,150 9,559 Compensation and employee benefits 8,068 7,732 7,116 Accrued vacation 7,632 7,632 7,715 Other 38,798 33,488 35,909 Accrued expenses and other current liabilities $ 78,418 $ 78,453 $ 73,175
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued 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

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	May 05, 2018
Summary of Revenue by Type of Contract	The following table sets forth our revenue by type of contract (in thousands): 13 Weeks Ended May 5, 2018 13 Weeks Ended Store sales (1) $ 306,911 $ 322,171 Ecommerce sales (1) 12,814 8,598 Licensee commissions (2) 6,960 6,566 Net sales $ 326,685 $ 337,335 Credit card revenue (3) 2,268 2,668 Breakage revenue (4) 1,995 995 Other 39 51 Other revenue 4,302 3,714 Total revenue $ 330,987 $ 341,049 (1) Store and Ecommerce sales are net of any returns, discounts and percentage-off (2) Licensee commissions are leased department commissions received net of any returns. (3) Credit card revenue earned from Synchrony programs. (4) Breakage revenue earned on unused gift and merchandise return cards and unused certificates and loyalty reward points.
Summary of Contract Liabilities and Their Relationship to Revenue	The following table sets forth the contract liabilities and their relationship to revenue (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Deferred revenue contracts (12,115 ) (12,512 ) (13,703) Gift card liability (9,675 ) (12,180 ) (9,577) Credit card reward liability (4,449 ) (4,689 ) (3,175) Liability for deferred revenue $ (26,239 ) $ (29,381 ) $ (26,455)
Summary of Gross Up of Sales Return Reserve	The following table sets forth the gross up of the sales return reserve (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Reserve for sales returns $ (6,133 ) $ (4,094 ) $ (3,141) Cost of inventory returns 3,378 2,426 1,846
Summary of Amounts Included in Contract Liabilities	The following table sets forth a rollforward of the amounts included in contract liabilities for the periods presented (in thousands): 13 Weeks Ended 13 Weeks Ended Beginning balance $ 29,381 $ 29,412 Current period gift cards sold and loyalty reward points earned 7,101 6,334 Net sales from redemptions (1) (7,851 ) (7,900 ) Breakage and amortization (2) (2,392 ) (1,391 ) Ending balance $ 26,239 $ 26,455 (1) $4.5 million and $4.6 million in net sales from redemptions were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively. (2) $2.3 million and $1.3 million in breakage and amortization were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively.
Major Components of Accrued Expenses and Other Current Liabilities	The following table sets forth the major components of accrued expenses and other current liabilities (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Property taxes $ 14,280 $ 17,451 $ 12,876 Unredeemed gift and merchandise return cards 9,640 12,150 9,559 Compensation and employee benefits 8,068 7,732 7,116 Accrued vacation 7,632 7,632 7,715 Other 38,798 33,488 35,909 Accrued expenses and other current liabilities $ 78,418 $ 78,453 $ 73,175
Accounting Standards Update 2014-09 [Member]
Summary of Adjustments Made to Financial Statements	The following tables set forth the adjustments made to our financial statements for the adoption of ASU No. 2014-09 Condensed Consolidated Balance Sheets February 3, 2018 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 24,194 $ 2,426 $ 26,620 Accrued expenses and other current liabilities 76,058 2,395 78,453 Retained deficit (7,949 ) 31 (7,918) April 29, 2017 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 24,161 $ 1,846 $ 26,007 Accrued expenses and other current liabilities 71,360 1,815 73,175 Retained earnings 20,059 31 20,090 Condensed Consolidated Statements of Income 13 Weeks Ended - April 29, 2017 As Reported Adjustment As Adjusted Other revenue $ - $ 3,714 $ 3,714 Selling, general and administrative expenses 85,494 3,714 89,208 Condensed Consolidated Statements of Cash Flows 13 Weeks Ended - April 29, 2017 As Reported Adjustment As Adjusted Prepaid expenses and other current assets $ 6,088 $ (1,846 ) $ 4,242 Accrued expenses and other current liabilities (1,550 ) 1,846 296

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	May 05, 2018
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earning Per Common Share	The following table sets forth the calculation of basic and diluted earnings per common share (in thousands, except per share data): 13 Weeks Ended 13 Weeks Ended Basic: Net income $ 7,334 $ 3,700 Income allocated to participating securities 1 2 Net income available to common shareholders $ 7,333 $ 3,698 Basic weighted-average shares outstanding 46,610 46,165 Basic earnings per common share $ 0.16 $ 0.08 Diluted: Net income $ 7,334 $ 3,700 Income allocated to diluted participating securities 1 2 Net income available to common shareholders $ 7,333 $ 3,698 Basic weighted-average shares outstanding 46,610 46,165 Incremental shares from share-based compensation plans 49 6 Diluted weighted-average shares outstanding 46,659 46,171 Diluted earnings per common share $ 0.16 $ 0.08

Debt (Tables)

Debt (Tables)	3 Months Ended
	May 05, 2018
Debt Disclosure [Abstract]
Summary of Debt	The following table sets forth our debt (in thousands): May 5, 2018 February 3, 2018 April 29, 2017 Revolving credit facility $ 146,128 $ 142,387 $ 149,150 Term loan 50,000 - - Promissory note 13,287 13,738 - Equipment term loan - - 8,333 Total debt 209,415 156,125 157,483 Current portion (159,415) (13,738) (8,333) Debt issuance costs (734) - (31) Long-term debt $ 49,266 $ 142,387 $ 149,119
Aggregate Maturities of Debt	The following table sets forth the aggregate maturities of our long-term debt at May 5, 2018 for the following fiscal years (in thousands): 2019 $ - 2020 50,000 2021 - 2022 - 2023 - Thereafter - Total $50,000

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($)	3 Months Ended
	May 05, 2018	Apr. 29, 2017	Jan. 28, 2017
Summary Of Significant Accounting Policies [Line Items]
Breakage unused gift and merchandise revenue recognized	$ 600,000	$ 300,000
Accounting Standards Update 2014-09 [Member]
Summary Of Significant Accounting Policies [Line Items]
Breakage unused gift and merchandise revenue recognized	$ 1,995,000	$ 995,000
Accounting Standards Update 2014-09 [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
New accounting pronouncement, increase in retained earnings			$ 100,000

Basis of Presentation - Summary

Basis of Presentation - Summary of Adjustments Made to Financial Statements (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017	Feb. 03, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other current assets	$ 35,597	$ 26,007	$ 26,620
Accrued expenses and other current liabilities	78,418	73,175	78,453
Retained deficit	(576)	20,090	(7,918)
Other revenue	4,302	3,714
Selling, general and administrative expenses	90,509	89,208
Prepaid expenses and other current assets	8,977	(4,242)
Accrued expenses and other current liabilities	217	296
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other current assets		26,007	26,620
Accrued expenses and other current liabilities		73,175	78,453
Retained deficit		20,090	(7,918)
Other revenue	$ 4,302	3,714
Selling, general and administrative expenses		89,208
Prepaid expenses and other current assets		4,242
Accrued expenses and other current liabilities		296
Scenario, Previously Reported [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other current assets		24,161	24,194
Accrued expenses and other current liabilities		71,360	76,058
Retained deficit		20,059	(7,949)
Selling, general and administrative expenses		85,494
Prepaid expenses and other current assets		6,088
Accrued expenses and other current liabilities		(1,550)
Scenario, Adjustment [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other current assets		1,846	2,426
Accrued expenses and other current liabilities		1,815	2,395
Retained deficit		31	$ 31
Other revenue		3,714
Selling, general and administrative expenses		3,714
Prepaid expenses and other current assets		(1,846)
Accrued expenses and other current liabilities		$ 1,846

Basis of Presentation - Summa19

Basis of Presentation - Summary of Revenue by Type of Contract (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Disaggregation of Revenue [Line Items]
Net sales	$ 326,685	$ 337,335
Breakage revenue	600	300
Other revenue	4,302	3,714
Total revenue	330,987	341,049
Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Store sales	306,911	322,171
Ecommerce sales	12,814	8,598
Licensee commissions	6,960	6,566
Net sales	326,685	337,335
Credit card revenue	2,268	2,668
Breakage revenue	1,995	995
Other	39	51
Other revenue	4,302	3,714
Total revenue	$ 330,987	$ 341,049

Basis of Presentation - Summa20

Basis of Presentation - Summary of Gross Up of Sales Return Reserve (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Revenue from Contract with Customer [Abstract]
Reserve for sales returns	$ (6,133)	$ (4,094)	$ (3,141)
Cost of inventory returns	$ 3,378	$ 2,426	$ 1,846

Basis of Presentation - Summa21

Basis of Presentation - Summary of Contract Liabilities and Their Relationship to Revenue (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017	Jan. 28, 2017
Revenue from Contract with Customer [Abstract]
Deferred revenue contracts	$ (12,115)	$ (12,512)	$ (13,703)
Gift card liability	(9,675)	(12,180)	(9,577)
Credit card reward liability	(4,449)	(4,689)	(3,175)
Liability for deferred revenue	$ (26,239)	$ (29,381)	$ (26,455)	$ (29,412)

Basis of Presentation - Summa22

Basis of Presentation - Summary of Amounts Included in Contract Liabilities (Detail) - USD ($) $ in Thousands		3 Months Ended
		May 05, 2018	Apr. 29, 2017
Revenue from Contract with Customer [Abstract]
Beginning balance		$ 29,381	$ 29,412
Current period gift cards sold and loyalty reward points earned		7,101	6,334
Net sales from redemptions	[1]	(7,851)	(7,900)
Breakage and amortization	[2]	(2,392)	(1,391)
Ending balance		$ 26,239	$ 26,455
[1]	$4.5 million and $4.6 million in net sales from redemptions were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively.
[2]	$2.3 million and $1.3 million in breakage and amortization were included in the beginning balance of contract liabilities for the 13 weeks ended May 5, 2018 and April 29, 2017, respectively.

Basis of Presentation - Summa23

Basis of Presentation - Summary of Amounts Included in Contract Liabilities (Parenthetical) (Detail) - USD ($) $ in Thousands	May 05, 2018	Apr. 29, 2018	Feb. 03, 2018	Apr. 29, 2017	Jan. 28, 2017
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 26,239		$ 29,381	$ 26,455	$ 29,412
Net sales from redemption Member]
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	4,500	$ 4,600
Breakage and amortization [Member]
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 2,300	$ 1,300

Basis of Presentation - Major C

Basis of Presentation - Major Components of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017
Accrued Liabilities and Other Liabilities [Abstract]
Property taxes	$ 14,280	$ 17,451	$ 12,876
Unredeemed gift and merchandise return cards	9,640	12,150	9,559
Compensation and employee benefits	8,068	7,732	7,116
Accrued vacation	7,632	7,632	7,715
Other	38,798	33,488	35,909
Accrued expenses and other current liabilities	$ 78,418	$ 78,453	$ 73,175

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017	Apr. 14, 2017
Schedule of Shareholders' Equity [Line Items]
Dividends, per share, declared	$ 0	$ 0.075
Cash dividends paid	$ 147	$ 3,494
Dividends, per share, cash paid			$ 0.075
Repurchase of shares	45,103	56,753
Repurchase shares value	$ 100	$ 200
Board of Directors [Member]
Schedule of Shareholders' Equity [Line Items]
Repurchase of shares, remaining	370,195

Earnings per Share - Calculatio

Earnings per Share - Calculation of Basic and Diluted Earning Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Basic:
Net income	$ 7,334	$ 3,700
Income allocated to participating securities	1	2
Net income available to common shareholders	$ 7,333	$ 3,698
Basic weighted-average shares outstanding	46,610	46,165
Basic earnings per common share	$ 0.16	$ 0.08
Diluted:
Net income	$ 7,334	$ 3,700
Income allocated to diluted participating securities	1	2
Net income available to common shareholders	$ 7,333	$ 3,698
Basic weighted-average shares outstanding	46,610	46,165
Incremental shares from share-based compensation plans	49	6
Diluted weighted-average shares outstanding	46,659	46,171
Diluted earnings per common share	$ 0.16	$ 0.08

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded	3.7	3.9

Debt - Summary of Debt (Detail)

Debt - Summary of Debt (Detail) - USD ($) $ in Thousands	May 05, 2018	Feb. 03, 2018	Apr. 29, 2017	Jan. 30, 2016
Debt Disclosure [Abstract]
Revolving credit facility	$ 146,128	$ 142,387	$ 149,150
Term loan	50,000
Promissory note	13,287	13,738
Equipment term loan			8,333
Total	209,415	156,125	157,483
Total	209,415	156,125	157,483
Current portion	(159,415)	(13,738)	(8,333)
Debt issuance costs	(734)		(31)	$ (400)
Long-term debt	$ 49,266	$ 142,387	$ 149,119

Debt - Additional Information (

Debt - Additional Information (Detail)	Mar. 14, 2018USD ($)	Feb. 03, 2015USD ($)	May 05, 2018USD ($)	Feb. 03, 2018USD ($)	Apr. 29, 2017USD ($)	Jan. 30, 2016USD ($)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity			$ 50,000,000
Debt issuance costs			$ 734,000		$ 31,000	$ 400,000
Borrowing capacity covenant, percentage of credit card receivables and net recovery of inventories			100.00%
Letters of credit, outstanding			$ 7,900,000
Remaining borrowing capacity under line of credit facility			$ 40,000,000
Fixed charges coverage ratio			1
Borrowings			$ 50,000,000
Revolving loan commitment			$ 146,128,000	$ 142,387,000	$ 149,150,000
Equipment Term Loan [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 25,000,000
Credit facility agreement expiration date		Feb. 28, 2018
Term Loan [Member]
Debt Instrument [Line Items]
Fixed charges coverage ratio			1
Terms of credit agreement			The non-default interest rate applicable to the Term Loan under the Term Loan Agreement is a fluctuating rate of interest equal to three-month LIBOR (with a floor of 1.5 percent) plus 8.5 percent per annum.
Weighted average interest rate on debt amounts outstanding			10.81%
Covenant description			The Term Loan Agreement contains customary representations and warranties, affirmative and negative covenants including the retention of the existing minimum 1.0 to 1.0 consolidated fixed charge coverage ratio under the Credit Agreement, which only limits borrowing availability if not met during periods where Revolving Excess Availability (as defined in the Term Loan Agreement) is less than the greater of $20.0 million or 10.0 percent of Combined Loan Cap (as defined in the Term Loan Agreement) for four consecutive business days, and events of default for a facility of this type.
Percent of combined loan cap			10.00%
Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Remaining borrowing capacity under line of credit facility			$ 20,000,000
Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Value of leasehold interests in real property			$ 10,000,000
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 0.50 percent, (b) the adjusted LIBOR plus 1.00 percent, or (c) the Wells Fargo “prime rate,” plus the Applicable Margin (25 to 75 basis points).
Weighted average interest rate on debt amounts outstanding			3.47%
Tranche A-1 Revolving Loan Commitment [Member]
Debt Instrument [Line Items]
Revolving loan commitment	$ 25,000,000
Wells Fargo Bank [Member] | Tranche A-1 Revolving Loans [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	25,000,000
Wells Fargo Bank [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 250,000,000	$ 225,000,000
Credit facility agreement expiration date		Feb. 28, 2020
Sun Trust Bank [Member]
Debt Instrument [Line Items]
Credit facility agreement expiration date			Apr. 1, 2018
Fixed interest rate			3.58%
Sun Trust Bank [Member] | Promissory Note [Member]
Debt Instrument [Line Items]
Borrowings			$ 13,700,000
Gordon Brothers Finance Company, LLC [Member]
Debt Instrument [Line Items]
Debt issuance costs	800,000
Gordon Brothers Finance Company, LLC [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	50,000,000
Proceeds from term loan	49,200,000
Increase in excess availability under the Credit Agreement	$ 25,000,000
London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			8.50%
Floor rate			1.50%
London Interbank Offered Rate (LIBOR) [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			1.00%

Debt - Aggregate Maturities of

Debt - Aggregate Maturities of Debt (Detail) $ in Thousands	May 05, 2018USD ($)
Debt Disclosure [Abstract]
2,019	$ 0
2,020	50,000
2,021	0
2,022	0
2,023	0
Thereafter	0
Total	$ 50,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	3 Months Ended
	May 05, 2018	Apr. 29, 2017
Commitments and Contingencies Disclosure [Abstract]
Actual and anticipated legal settlements accrued	$ 0	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	May 05, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	0.00%