Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Nov. 02, 2013 | Dec. 06, 2013 | |
Document Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 2-Nov-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'BKE | ' |
Entity Registrant Name | 'BUCKLE INC | ' |
Entity Central Index Key | '0000885245 | ' |
Current Fiscal Year End Date | '--02-01 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 48,331,077 |
CONSOLIDATED_BALANCE_SHEETS_Un
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) | Nov. 02, 2013 | Feb. 02, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $130,841 | $117,608 |
Short-term investments | 25,455 | 26,414 |
Receivables | 7,866 | 3,470 |
Inventory | 146,290 | 103,853 |
Prepaid expenses and other assets | 29,017 | 25,528 |
Total current assets | 339,469 | 276,873 |
PROPERTY AND EQUIPMENT | 395,272 | 373,286 |
Less accumulated depreciation and amortization | -230,386 | -210,183 |
PROPERTY AND EQUIPMENT, Net | 164,886 | 163,103 |
LONG-TERM INVESTMENTS | 39,307 | 35,735 |
OTHER ASSETS | 2,121 | 2,263 |
Total assets | 545,783 | 477,974 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable | 49,079 | 34,124 |
Accrued employee compensation | 25,781 | 42,183 |
Accrued store operating expenses | 12,738 | 10,121 |
Gift certificates redeemable | 15,152 | 22,221 |
Income taxes payable | 10,623 | 20,307 |
Total current liabilities | 113,373 | 128,956 |
DEFERRED COMPENSATION | 12,626 | 10,600 |
DEFERRED RENT LIABILITY | 37,488 | 36,947 |
OTHER LIABILITIES | 10,432 | 11,822 |
Total liabilities | 173,919 | 188,325 |
COMMITMENTS | ' | ' |
STOCKHOLDERS’ EQUITY: | ' | ' |
Common stock, authorized 100,000,000 shares of $.01 par value; 48,329,282 and 48,059,269 shares issued and outstanding at November 2, 2013 and February 2, 2013, respectively | 483 | 481 |
Additional paid-in capital | 125,158 | 117,391 |
Retained earnings | 246,995 | 172,711 |
Accumulated other comprehensive loss | -772 | -934 |
Total stockholders’ equity | 371,864 | 289,649 |
Total liabilities and stockholders' equity | $545,783 | $477,974 |
CONSOLIDATED_BALANCE_SHEETS_Un1
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) | Nov. 02, 2013 | Feb. 02, 2013 |
Common stock, authorized (shares) | 100,000,000 | 100,000,000 |
Common stock, par value (dollars per share) | $0.01 | $0.01 |
Common stock, shares issued (shares) | 48,329,282 | 48,059,269 |
Common stock, shares outstanding (shares) | 48,329,282 | 48,059,269 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Nov. 02, 2013 | Oct. 27, 2012 | Nov. 02, 2013 | Oct. 27, 2012 |
SALES, Net of returns and allowances | $286,761 | $284,147 | $789,002 | $763,392 |
COST OF SALES (Including buying, distribution, and occupancy costs) | 160,536 | 158,732 | 451,283 | 437,279 |
Gross profit | 126,225 | 125,415 | 337,719 | 326,113 |
OPERATING EXPENSES: | ' | ' | ' | ' |
Selling | 51,991 | 49,257 | 144,225 | 137,018 |
General and administrative | 10,176 | 9,995 | 30,776 | 28,520 |
Total selling, general and administrative expenses | 62,167 | 59,252 | 175,001 | 165,538 |
INCOME FROM OPERATIONS | 64,058 | 66,163 | 162,718 | 160,575 |
OTHER INCOME, Net | 361 | 172 | 1,218 | 2,345 |
INCOME BEFORE INCOME TAXES | 64,419 | 66,335 | 163,936 | 162,920 |
PROVISION FOR INCOME TAXES | 23,835 | 24,418 | 60,656 | 59,971 |
NET INCOME | $40,584 | $41,917 | $103,280 | $102,949 |
EARNINGS PER SHARE: | ' | ' | ' | ' |
Basic (dollars per share) | $0.85 | $0.89 | $2.17 | $2.18 |
Diluted (dollars per share) | $0.85 | $0.88 | $2.15 | $2.16 |
Basic weighted average shares | 47,707 | 47,358 | 47,703 | 47,307 |
Diluted weighted average shares | 47,984 | 47,689 | 47,959 | 47,650 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Nov. 02, 2013 | Oct. 27, 2012 | Nov. 02, 2013 | Oct. 27, 2012 |
NET INCOME | $40,584 | $41,917 | $103,280 | $102,949 |
OTHER COMPREHENSIVE INCOME, NET OF TAX: | ' | ' | ' | ' |
Change in unrealized loss on investments | 0 | 64 | 162 | 75 |
Other comprehensive income | 0 | 64 | 162 | 75 |
COMPREHENSIVE INCOME | $40,584 | $41,981 | $103,442 | $103,024 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $) | Total | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Loss |
In Thousands, except Share data, unless otherwise specified | |||||
BALANCE at Jan. 28, 2012 | $363,147 | $474 | $100,333 | $263,039 | ($699) |
BALANCE (shares) at Jan. 28, 2012 | ' | 47,432,089 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
NET INCOME | 102,949 | ' | ' | 102,949 | ' |
Dividends paid on common stock, ($0.60 per share) | -28,756 | ' | ' | -28,756 | ' |
Common stock issued on exercise of stock options (shares) | ' | 260,203 | ' | ' | ' |
Common stock issued on exercise of stock options | 573 | 3 | 570 | ' | ' |
Issuance of non-vested stock, net of forfeitures (shares) | ' | 249,660 | ' | ' | ' |
Issuance of non-vested stock, net of forfeitures | ' | 2 | -2 | ' | ' |
Amortization of non-vested stock grants, net of forfeitures | 6,136 | ' | 6,136 | ' | ' |
Income tax benefit related to exercise of stock options | 4,361 | ' | 4,361 | ' | ' |
Change in unrealized loss on investments, net of tax | 75 | ' | ' | ' | 75 |
BALANCE at Oct. 27, 2012 | 448,485 | 479 | 111,398 | 337,232 | -624 |
BALANCE (shares) at Oct. 27, 2012 | ' | 47,941,952 | ' | ' | ' |
BALANCE at Feb. 02, 2013 | 289,649 | 481 | 117,391 | 172,711 | -934 |
BALANCE (shares) at Feb. 02, 2013 | ' | 48,059,269 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
NET INCOME | 103,280 | ' | ' | 103,280 | ' |
Dividends paid on common stock, ($0.60 per share) | -28,996 | ' | ' | -28,996 | ' |
Common stock issued on exercise of stock options (shares) | ' | 18,190 | ' | ' | ' |
Issuance of non-vested stock, net of forfeitures (shares) | ' | 251,823 | ' | ' | ' |
Issuance of non-vested stock, net of forfeitures | ' | 2 | -2 | ' | ' |
Amortization of non-vested stock grants, net of forfeitures | 7,450 | ' | 7,450 | ' | ' |
Income tax benefit related to exercise of stock options | 319 | ' | 319 | ' | ' |
Change in unrealized loss on investments, net of tax | 162 | ' | ' | ' | 162 |
BALANCE at Nov. 02, 2013 | $371,864 | $483 | $125,158 | $246,995 | ($772) |
BALANCE (shares) at Nov. 02, 2013 | ' | 48,329,282 | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_STO1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) (USD $) | 9 Months Ended | |
Nov. 02, 2013 | Oct. 27, 2012 | |
Dividends paid on common stock, per share | $0.60 | $0.60 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Nov. 02, 2013 | Oct. 27, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
NET INCOME | $103,280 | $102,949 |
Adjustments to reconcile net income to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 23,986 | 24,715 |
Amortization of non-vested stock grants, net of forfeitures | 7,450 | 6,136 |
Deferred income taxes | -2,756 | -2,270 |
Other | 102 | 1,081 |
Changes in operating assets and liabilities: | ' | ' |
Receivables | -475 | 236 |
Inventory | -42,437 | -30,298 |
Prepaid expenses and other assets | -2,224 | -2,223 |
Accounts payable | 14,245 | 9,738 |
Accrued employee compensation | -16,402 | -14,728 |
Accrued store operating expenses | 2,617 | 500 |
Gift certificates redeemable | -7,069 | -6,905 |
Income taxes payable | -13,564 | 1,346 |
Deferred rent liabilities and deferred compensation | 2,567 | 2,074 |
Net cash flows from operating activities | 69,320 | 92,351 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property and equipment | -25,161 | -26,129 |
Change in other assets | 142 | 139 |
Purchases of investments | -23,787 | -22,703 |
Proceeds from sales/maturities of investments | 21,431 | 27,153 |
Net cash flows from investing activities | -27,375 | -21,540 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Proceeds from the exercise of stock options | 0 | 573 |
Excess tax benefit from stock option exercises | 284 | 3,897 |
Payment of dividends | -28,996 | -28,756 |
Net cash flows from financing activities | -28,712 | -24,286 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 13,233 | 46,525 |
CASH AND CASH EQUIVALENTS, Beginning of period | 117,608 | 166,511 |
CASH AND CASH EQUIVALENTS, End of period | $130,841 | $213,036 |
Management_Representation
Management Representation | 9 Months Ended |
Nov. 02, 2013 | |
Accounting Policies [Abstract] | ' |
Management Representation | ' |
Management Representation | |
The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments necessary for the fair presentation of the results of operations for the interim periods have been included. All such adjustments are of a normal recurring nature. Because of the seasonal nature of the business, results for interim periods are not necessarily indicative of a full year's operations. The accounting policies followed by the Company and additional footnotes are reflected in the consolidated financial statements for the fiscal year ended February 2, 2013, included in The Buckle, Inc.'s 2012 Form 10-K. | |
The Company follows generally accepted accounting principles (“GAAP”) established by the Financial Accounting Standards Board (“FASB”). References to GAAP in these notes are to the FASB Accounting Standards Codification (“ASC”). |
Description_of_the_Business
Description of the Business | 9 Months Ended | |||||||||||
Nov. 02, 2013 | ||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||
Description of the Business | ' | |||||||||||
Description of the Business | ||||||||||||
The Company is a retailer of medium to better priced casual apparel, footwear, and accessories for fashion conscious young men and women. The Company operates its business as one reportable segment. The Company had 452 stores located in 43 states throughout the continental United States as of November 2, 2013 and 440 stores in 43 states as of October 27, 2012. During the thirty-nine week period ended November 2, 2013, the Company opened 13 new stores, substantially remodeled 5 stores, and closed 1 store; which includes 1 new store, 2 substantial remodels, and 1 store closure during the third quarter. During the thirty-nine week period ended October 27, 2012, the Company opened 9 new stores and substantially remodeled 19 stores; which includes 1 new store and 7 substantial remodels during the third quarter. | ||||||||||||
The following is information regarding the Company’s major product lines, stated as a percentage of the Company’s net sales: | ||||||||||||
Percentage of Net Sales | Percentage of Net Sales | |||||||||||
Thirteen Weeks Ended | Thirty-nine Weeks Ended | |||||||||||
Merchandise Group | November 2, 2013 | October 27, 2012 | November 2, 2013 | October 27, 2012 | ||||||||
Denims | 48.5 | % | 50.6 | % | 43.9 | % | 44.5 | % | ||||
Tops (including sweaters) | 30.3 | 30.3 | 30.1 | 31.3 | ||||||||
Accessories | 8.2 | 8 | 8.3 | 8.2 | ||||||||
Sportswear/Fashions | 1.9 | 1.4 | 8.1 | 7.6 | ||||||||
Footwear | 5.9 | 5.3 | 6.1 | 5.6 | ||||||||
Outerwear | 2.9 | 3.2 | 1.7 | 1.7 | ||||||||
Casual bottoms | 1 | 0.8 | 0.9 | 0.8 | ||||||||
Other | 1.3 | 0.4 | 0.9 | 0.3 | ||||||||
100 | % | 100 | % | 100 | % | 100 | % |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | |||||||||||||||||||||
Nov. 02, 2013 | ||||||||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||||||||
Earnings Per Share | ' | |||||||||||||||||||||
Earnings Per Share | ||||||||||||||||||||||
Basic earnings per share data are based on the weighted average outstanding common shares during the period. Diluted earnings per share data are based on the weighted average outstanding common shares and the effect of all dilutive potential common shares, including stock options. | ||||||||||||||||||||||
Thirteen Weeks Ended | Thirteen Weeks Ended | |||||||||||||||||||||
November 2, 2013 | October 27, 2012 | |||||||||||||||||||||
Income | Weighted | Per Share | Income | Weighted | Per Share | |||||||||||||||||
Average | Amount | Average | Amount | |||||||||||||||||||
Shares | Shares | |||||||||||||||||||||
Basic EPS | $ | 40,584 | 47,707 | $ | 0.85 | $ | 41,917 | 47,358 | $ | 0.89 | ||||||||||||
Effect of Dilutive Securities: | ||||||||||||||||||||||
Stock options and non-vested shares | — | 277 | — | — | 331 | (0.01 | ) | |||||||||||||||
Diluted EPS | $ | 40,584 | 47,984 | $ | 0.85 | $ | 41,917 | 47,689 | $ | 0.88 | ||||||||||||
Thirty-nine Weeks Ended | Thirty-nine Weeks Ended | |||||||||||||||||||||
November 2, 2013 | October 27, 2012 | |||||||||||||||||||||
Income | Weighted | Per Share | Income | Weighted | Per Share | |||||||||||||||||
Average | Amount | Average | Amount | |||||||||||||||||||
Shares | Shares | |||||||||||||||||||||
Basic EPS | $ | 103,280 | 47,703 | $ | 2.17 | $ | 102,949 | 47,307 | $ | 2.18 | ||||||||||||
Effect of Dilutive Securities: | ||||||||||||||||||||||
Stock options and non-vested shares | — | 256 | (0.02 | ) | — | 343 | (0.02 | ) | ||||||||||||||
Diluted EPS | $ | 103,280 | 47,959 | $ | 2.15 | $ | 102,949 | 47,650 | $ | 2.16 | ||||||||||||
Investments
Investments | 9 Months Ended | |||||||||||||||||||
Nov. 02, 2013 | ||||||||||||||||||||
Schedule of Investments [Abstract] | ' | |||||||||||||||||||
Investments | ' | |||||||||||||||||||
Investments | ||||||||||||||||||||
The following is a summary of investments as of November 2, 2013: | ||||||||||||||||||||
Amortized | Gross | Gross | Other-than- | Estimated | ||||||||||||||||
Cost or | Unrealized | Unrealized | Temporary | Fair | ||||||||||||||||
Par Value | Gains | Losses | Impairment | Value | ||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Auction-rate securities | $ | 13,025 | $ | — | $ | (1,225 | ) | $ | (725 | ) | $ | 11,075 | ||||||||
Preferred stock | 400 | — | — | (395 | ) | 5 | ||||||||||||||
$ | 13,425 | $ | — | $ | (1,225 | ) | $ | (1,120 | ) | $ | 11,080 | |||||||||
Held-to-Maturity Securities: | ||||||||||||||||||||
State and municipal bonds | $ | 41,056 | $ | 141 | $ | (3 | ) | $ | — | $ | 41,194 | |||||||||
Trading Securities: | ||||||||||||||||||||
Mutual funds | $ | 11,337 | $ | 1,289 | $ | — | $ | — | $ | 12,626 | ||||||||||
The following is a summary of investments as of February 2, 2013: | ||||||||||||||||||||
Amortized | Gross | Gross | Other-than- | Estimated | ||||||||||||||||
Cost or | Unrealized | Unrealized | Temporary | Fair | ||||||||||||||||
Par Value | Gains | Losses | Impairment | Value | ||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Auction-rate securities | $ | 13,075 | $ | — | $ | (1,482 | ) | $ | (725 | ) | $ | 10,868 | ||||||||
Preferred stock | 2,000 | — | — | (1,974 | ) | 26 | ||||||||||||||
$ | 15,075 | $ | — | $ | (1,482 | ) | $ | (2,699 | ) | $ | 10,894 | |||||||||
Held-to-Maturity Securities: | ||||||||||||||||||||
State and municipal bonds | $ | 40,155 | $ | 108 | $ | (15 | ) | $ | — | $ | 40,248 | |||||||||
Certificates of deposit | 500 | 4 | — | — | 504 | |||||||||||||||
$ | 40,655 | $ | 112 | $ | (15 | ) | $ | — | $ | 40,752 | ||||||||||
Trading Securities: | ||||||||||||||||||||
Mutual funds | $ | 10,257 | $ | 343 | $ | — | $ | — | $ | 10,600 | ||||||||||
The auction-rate securities and preferred stock were invested as follows as of November 2, 2013: | ||||||||||||||||||||
Nature | Underlying Collateral | Par Value | ||||||||||||||||||
Municipal revenue bonds | 100% insured by AAA/AA/A-rated bond insurers | $ | 10,025 | |||||||||||||||||
Municipal bond funds | Fixed income instruments within issuers' money market funds | 50 | ||||||||||||||||||
Student loan bonds | Student loans guaranteed by state entities | 2,950 | ||||||||||||||||||
Preferred stock | Underlying investments of closed-end funds | 400 | ||||||||||||||||||
Total par value | $ | 13,425 | ||||||||||||||||||
As of November 2, 2013, the Company’s auction-rate securities portfolio was 76% AA/Aa-rated, 21% A-rated, and 3% below A-rated. | ||||||||||||||||||||
The amortized cost and fair value of debt securities by contractual maturity as of November 2, 2013 is as follows: | ||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||
Cost | Value | |||||||||||||||||||
Held-to-Maturity Securities | ||||||||||||||||||||
Less than 1 year | $ | 25,455 | $ | 25,483 | ||||||||||||||||
1 - 5 years | 15,601 | 15,711 | ||||||||||||||||||
$ | 41,056 | $ | 41,194 | |||||||||||||||||
At November 2, 2013 and February 2, 2013, $11,080 and $10,869 of available-for-sale securities and $15,601 and $14,266 of held-to-maturity securities are classified in long-term investments. Trading securities are held in a Rabbi Trust, intended to fund the Company’s deferred compensation plan, and are classified in long-term investments. | ||||||||||||||||||||
The Company’s investments in auction-rate securities (“ARS”) and preferred securities are classified as available-for-sale and reported at fair market value. As of November 2, 2013, the reported investment amount is net of $1,225 of temporary impairment and $1,120 of other-than-temporary impairment (“OTTI”) to account for the impairment of certain securities from their stated par value. The $1,225 temporary impairment is reported, net of tax, as an “accumulated other comprehensive loss” of $772 in stockholders’ equity as of November 2, 2013. For the investments considered temporarily impaired, the Company believes that these ARS can be successfully redeemed or liquidated in the future at par value plus accrued interest. The Company believes it has the ability and maintains its intent to hold these investments until such recovery of market value occurs; therefore, the Company believes the current lack of liquidity has created the temporary impairment in valuation and has classified the investments in long-term investments. | ||||||||||||||||||||
As of November 2, 2013, the Company had $13,025 invested in ARS and $400 invested in preferred securities, at par value, which are reported at their estimated fair value of $11,075 and $5, respectively. As of February 2, 2013, the Company had $13,075 invested in ARS and $2,000 invested in preferred securities, which were reported at their estimated fair value of $10,868 and $26, respectively. ARS have a long-term stated maturity, but are reset through a “dutch auction” process that occurs every 7 to 49 days, depending on the terms of the individual security. Until February 2008, the ARS market was highly liquid. During February 2008, however, a significant number of auctions related to these securities failed, meaning that there was not enough demand to sell the entire issue at auction. The failed auctions have limited the current liquidity of certain of the Company’s investments in ARS and the Company has reason to believe that certain of the underlying issuers of its ARS are currently at risk. The Company does not, however, anticipate that further auction failures will have a material impact on the Company’s ability to fund its business. During the first three quarters of fiscal 2013, the Company was able to successfully liquidate ARS and preferred securities with a par value of $1,650. The Company reviews all investments for OTTI at least quarterly or as indicators of impairment exist. Indicators of impairment include the duration and severity of decline in market value. In addition, the Company considers qualitative factors including, but not limited to, the financial condition of the investee, the credit rating of the investee, and the current and expected market and industry conditions in which the investee operates. | ||||||||||||||||||||
As of November 2, 2013, all of the Company’s investments in ARS and preferred securities were classified in long-term investments. As of February 2, 2013, $25 of the Company’s investments in ARS and preferred securities was classified in short-term investments (due to a known upcoming redemption at par value) and $10,869 was classified in long-term investments. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||
Nov. 02, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Fair Value Measurements | ||||||||||||||||
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets and liabilities measured and reported at fair value are classified and disclosed in one of the following categories: | ||||||||||||||||
• | Level 1 – Quoted market prices in active markets for identical assets or liabilities. Short-term and long-term investments with active markets or known redemption values are reported at fair value utilizing Level 1 inputs. | |||||||||||||||
• | Level 2 – Observable market-based inputs (either directly or indirectly) such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or inputs that are corroborated by market data. | |||||||||||||||
• | Level 3 – Unobservable inputs that are not corroborated by market data and are projections, estimates, or interpretations that are supported by little or no market activity and are significant to the fair value of the assets. The Company has concluded that certain of its ARS represent Level 3 valuation and should be valued using a discounted cash flow analysis. The assumptions used in preparing the discounted cash flow model include estimates for interest rates, timing and amount of cash flows, and expected holding periods of the ARS. As of November 2, 2013, the unobservable inputs used by the Company and its independent third-party valuation consultant in valuing its Level 3 investments in ARS included: | |||||||||||||||
◦ | Durations until redemption ranging from 0.5 to 29.0 years, with a weighted average of 6.4 years. | |||||||||||||||
◦ | Discount rates ranging from 0.88% to 5.80%, with a weighted average of 2.28%. | |||||||||||||||
◦ | Loss severities ranging from 0% to 25% of par value, with a weighted average of 2.66%. | |||||||||||||||
As of November 2, 2013 and February 2, 2013, the Company held certain assets that are required to be measured at fair value on a recurring basis including available-for-sale and trading securities. The Company’s available-for-sale securities include its investments in ARS, as further described in Note 4. The failed auctions, beginning in February 2008, related to certain of the Company’s investments in ARS have limited the availability of quoted market prices. The Company has determined the fair value of its ARS using Level 1 inputs for known or anticipated subsequent redemptions at par value, Level 2 inputs using observable inputs, and Level 3 using unobservable inputs where the following criteria were considered in estimating fair value: | ||||||||||||||||
• | Pricing was provided by the custodian of ARS; | |||||||||||||||
• | Pricing was provided by a third-party broker for ARS; | |||||||||||||||
• | Sales of similar securities; | |||||||||||||||
• | Quoted prices for similar securities in active markets; | |||||||||||||||
• | Quoted prices for publicly traded preferred securities; | |||||||||||||||
• | Quoted prices for similar assets in markets that are not active - including markets where there are few transactions for the asset, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly; | |||||||||||||||
• | Pricing was provided by a third-party valuation consultant (using Level 3 inputs). | |||||||||||||||
In addition, the Company considers other factors including, but not limited to, the financial condition of the investee, the credit rating, insurance, guarantees, collateral, cash flows, and the current and expected market and industry conditions in which the investee operates. Management believes it has used information that was reasonably obtainable in order to complete its valuation process and determine if the Company’s investments in ARS had incurred any temporary and/or other-than-temporary impairment as of November 2, 2013 and February 2, 2013. | ||||||||||||||||
Future fluctuations in fair value of ARS that the Company judges to be temporary, including any recoveries of previous write-downs, would be recorded as an adjustment to “accumulated other comprehensive loss.” The value and liquidity of ARS held by the Company may be affected by continued auction-rate failures, the credit quality of each security, the amount and timing of interest payments, the amount and timing of future principal payments, and the probability of full repayment of the principal. Additional indicators of impairment include the duration and severity of the decline in market value. The interest rates on these investments will be determined by the terms of each individual ARS. The material risks associated with the ARS held by the Company include those stated above as well as the current economic environment, downgrading of credit ratings on investments held, and the volatility of the entities backing each of the issues. | ||||||||||||||||
The Company’s financial assets measured at fair value on a recurring basis are as follows: | ||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Quoted Prices in | Significant | Significant | ||||||||||||||
Active Markets | Observable | Unobservable | ||||||||||||||
for Identical | Inputs | Inputs | ||||||||||||||
Assets | ||||||||||||||||
November 2, 2013 | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Available-for-sale securities: | ||||||||||||||||
Auction-rate securities | $ | — | $ | 178 | $ | 10,897 | $ | 11,075 | ||||||||
Preferred stock | 5 | — | — | 5 | ||||||||||||
Trading securities (including mutual funds) | 12,626 | — | — | 12,626 | ||||||||||||
Totals | $ | 12,631 | $ | 178 | $ | 10,897 | $ | 23,706 | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Quoted Prices in | Significant | Significant | ||||||||||||||
Active Markets | Observable | Unobservable | ||||||||||||||
for Identical | Inputs | Inputs | ||||||||||||||
Assets | ||||||||||||||||
February 2, 2013 | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Available-for-sale securities: | ||||||||||||||||
Auction-rate securities | $ | — | $ | 178 | $ | 10,690 | $ | 10,868 | ||||||||
Preferred stock | 26 | — | — | 26 | ||||||||||||
Trading securities (including mutual funds) | 10,600 | — | — | 10,600 | ||||||||||||
Totals | $ | 10,626 | $ | 178 | $ | 10,690 | $ | 21,494 | ||||||||
Securities included in Level 1 represent securities which have a known or anticipated upcoming redemption as of the reporting date and those that have publicly traded quoted prices. ARS included in Level 2 represent securities which have not experienced a successful auction subsequent to the end of fiscal 2007. The fair market value for these securities was determined by applying a discount to par value based on auction prices for similar securities and by utilizing a discounted cash flow model, using market-based inputs, to determine fair value. The Company used a discounted cash flow model to value its Level 3 investments, using estimates regarding recovery periods, yield, and liquidity. The assumptions used are subjective based upon management’s judgment and views on current market conditions, and resulted in $1,203 of the Company’s recorded temporary impairment and $725 of the OTTI as of November 2, 2013. The use of different assumptions would result in a different valuation and related temporary impairment charge. | ||||||||||||||||
Changes in the fair value of the Company’s financial assets measured at fair value on a recurring basis are as follows: | ||||||||||||||||
Thirty-nine Weeks Ended November 2, 2013 | ||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | ||||||||||||||||
Available-for-Sale Securities | Trading Securities | |||||||||||||||
Auction-rate | Preferred | Mutual | Total | |||||||||||||
Securities | Stock | Funds | ||||||||||||||
Balance, beginning of year | $ | 10,690 | $ | — | $ | — | $ | 10,690 | ||||||||
Total gains and losses: | ||||||||||||||||
Included in other comprehensive income | 257 | — | — | 257 | ||||||||||||
Purchases, Issuances, Sales, and Settlements: | ||||||||||||||||
Sales | (50 | ) | — | — | (50 | ) | ||||||||||
Balance, end of quarter | $ | 10,897 | $ | — | $ | — | $ | 10,897 | ||||||||
Thirty-nine Weeks Ended October 27, 2012 | ||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | ||||||||||||||||
Available-for-Sale Securities | Trading Securities | |||||||||||||||
Auction-rate | Preferred | Mutual | Total | |||||||||||||
Securities | Stock | Funds | ||||||||||||||
Balance, beginning of year | $ | 11,220 | $ | — | $ | — | $ | 11,220 | ||||||||
Total gains and losses: | ||||||||||||||||
Included in other comprehensive income | 2 | — | — | 2 | ||||||||||||
Purchases, Issuances, Sales, and Settlements: | ||||||||||||||||
Sales | (50 | ) | — | — | (50 | ) | ||||||||||
Balance, end of quarter | $ | 11,172 | $ | — | $ | — | $ | 11,172 | ||||||||
There were no transfers of securities between Levels 1, 2, or 3 during the thirty-nine week periods ended November 2, 2013 or October 27, 2012. The Company’s policy is to recognize transfers in and transfers out as of the beginning of the reporting period in which the transfer occurred. | ||||||||||||||||
The carrying value of cash equivalents approximates fair value due to the low level of risk these assets present and their relatively liquid nature, particularly given their short maturities. The Company also holds certain financial instruments that are not carried at fair value on the consolidated balance sheets, including held-to-maturity securities. Held-to-maturity securities consist of state and municipal bonds, corporate bonds, and certificates of deposit. The fair values of these debt securities are based on quoted market prices and yields for the same or similar securities, which the Company determined to be Level 2 inputs. As of November 2, 2013, the fair value of held-to-maturity securities was $41,194 compared to the carrying amount of $41,056. As of February 2, 2013, the fair value of held-to-maturity securities was $40,752 compared to the carrying amount of $40,655. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 9 Months Ended |
Nov. 02, 2013 | |
Supplemental Cash Flow Elements [Abstract] | ' |
Supplemental Cash Flow Information | ' |
Supplemental Cash Flow Information | |
The Company had non-cash investing activities during the thirty-nine week periods ended November 2, 2013 and October 27, 2012 of ($710) and ($1,095), respectively. The non-cash investing activity relates to the change in the balance of unpaid purchases of property, plant, and equipment included in accounts payable as of the end of the period. The liability for unpaid purchases of property, plant, and equipment included in accounts payable was $1,729 and $1,019 as of November 2, 2013 and February 2, 2013, respectively. Amounts reported as unpaid purchases are recorded as cash outflows from investing activities for purchases of property, plant, and equipment in the consolidated statement of cash flows in the period they are paid. | |
Additional cash flow information for the Company includes cash paid for income taxes during the thirty-nine week periods ended November 2, 2013 and October 27, 2012 of $76,691 and $56,998, respectively. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | |||||||||||||||
Nov. 02, 2013 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||
Stock-Based Compensation | ||||||||||||||||
The Company has several stock option plans which allow for granting of stock options to employees, executives, and directors. The options are in the form of non-qualified stock options and are granted with an exercise price equal to the market value of the Company’s common stock on the date of grant. The options generally expire ten years from the date of grant. The Company also has a restricted stock plan that allows for the granting of non-vested shares of common stock to employees and executives and a restricted stock plan that allows for the granting of non-vested shares of common stock to non-employee directors. | ||||||||||||||||
As of November 2, 2013, 635,649 shares were available for grant under the various stock option plans, of which 447,457 shares were available for grant to executive officers. Also as of November 2, 2013, 1,139,041 shares were available for grant under the Company’s various restricted stock plans, of which 1,113,917 shares were available for grant to executive officers. | ||||||||||||||||
Compensation expense was recognized during fiscal 2013 and fiscal 2012 for equity-based grants, based on the grant date fair value of the awards. The fair value of grants of non-vested common stock awards is the stock price on the date of grant. | ||||||||||||||||
Information regarding the impact of compensation expense related to grants of non-vested shares of common stock is as follows: | ||||||||||||||||
Thirteen Weeks Ended | Thirty-nine Weeks Ended | |||||||||||||||
November 2, 2013 | October 27, 2012 | November 2, 2013 | October 27, 2012 | |||||||||||||
Stock-based compensation expense, before tax | $ | 2,433 | $ | 1,999 | $ | 7,450 | $ | 6,136 | ||||||||
Stock-based compensation expense, after tax | $ | 1,533 | $ | 1,259 | $ | 4,694 | $ | 3,866 | ||||||||
FASB ASC 718 requires the benefits of tax deductions in excess of the compensation cost recognized for stock options exercised during the period to be classified as financing cash inflows. This amount is shown as “excess tax benefit from stock option exercises” on the consolidated statements of cash flows. For the thirty-nine week periods ended November 2, 2013 and October 27, 2012, the excess tax benefit realized from exercised stock options was $284 and $3,897, respectively. | ||||||||||||||||
A summary of the Company’s stock-based compensation activity related to stock options for the thirty-nine week period ended November 2, 2013 is as follows: | ||||||||||||||||
Shares | Weighted | Weighted | Aggregate | |||||||||||||
Average | Average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Life | ||||||||||||||||
Outstanding - beginning of year | 42,808 | $ | 1.79 | |||||||||||||
Granted | — | — | ||||||||||||||
Expired/forfeited | (496 | ) | 0.01 | |||||||||||||
Exercised | (18,190 | ) | 0.01 | |||||||||||||
Outstanding - end of quarter | 24,122 | $ | 3.17 | 1.17 | years | $ | 1,102 | |||||||||
Exercisable - end of quarter | 24,122 | $ | 3.17 | 1.17 | years | $ | 1,102 | |||||||||
No stock options were granted during fiscal 2013 or fiscal 2012. The total intrinsic value of options exercised during the thirty-nine week periods ended November 2, 2013 and October 27, 2012 was $882 and $11,976, respectively. As of November 2, 2013, there was no unrecognized compensation expense as all outstanding stock options were vested. | ||||||||||||||||
Non-vested shares of common stock granted during the thirty-nine week periods ended November 2, 2013 and October 27, 2012 were granted pursuant to the Company’s 2005 Restricted Stock Plan and the Company’s 2008 Director Restricted Stock Plan. Shares granted under the 2005 Plan typically vest over a period of four years, only upon certification by the Compensation Committee of the Board of Directors that the Company has achieved its pre-established performance targets for the fiscal year. Shares granted under the 2008 Director Plan vest 25% on the date of grant and then in equal portions on each of the first three anniversaries of the date of grant. | ||||||||||||||||
A summary of the Company’s stock-based compensation activity related to grants of non-vested shares of common stock for the thirty-nine week period ended November 2, 2013 is as follows: | ||||||||||||||||
Shares | Weighted Average | |||||||||||||||
Grant Date | ||||||||||||||||
Fair Value | ||||||||||||||||
Non-Vested - beginning of year | 419,261 | $ | 39.52 | |||||||||||||
Granted | 254,400 | 47.03 | ||||||||||||||
Forfeited | (2,577 | ) | 40.33 | |||||||||||||
Vested | (50,728 | ) | 43.6 | |||||||||||||
Non-Vested - end of quarter | 620,356 | $ | 42.26 | |||||||||||||
As of November 2, 2013, there was $11,235 of unrecognized compensation expense related to grants of non-vested shares. It is expected that this expense will be recognized over a weighted average period of approximately 2.0 years. The total fair value of shares vested during the thirty-nine week periods ended November 2, 2013 and October 27, 2012 was $2,400 and $2,775, respectively. |
Recently_Issued_Accounting_Pro
Recently Issued Accounting Pronouncements | 9 Months Ended |
Nov. 02, 2013 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Recently Issued Accounting Pronouncements | ' |
Recently Issued Accounting Pronouncements | |
In February 2013, the FASB issued ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income. The additional disclosure requirements are effective for interim and annual reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial position or results of operations, as there were no such reclassifications during the periods presented in this Form 10-Q. |
Recently_Issued_Accounting_Pro1
Recently Issued Accounting Pronouncements (Policies) | 9 Months Ended |
Nov. 02, 2013 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Recently Issued Accounting Pronouncements | ' |
In February 2013, the FASB issued ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income. The additional disclosure requirements are effective for interim and annual reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial position or results of operations, as there were no such reclassifications during the periods presented in this Form 10-Q. |
Description_of_the_Business_Ta
Description of the Business (Tables) | 9 Months Ended | |||||||||||
Nov. 02, 2013 | ||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||
Schedule of Product Information | ' | |||||||||||
The following is information regarding the Company’s major product lines, stated as a percentage of the Company’s net sales: | ||||||||||||
Percentage of Net Sales | Percentage of Net Sales | |||||||||||
Thirteen Weeks Ended | Thirty-nine Weeks Ended | |||||||||||
Merchandise Group | November 2, 2013 | October 27, 2012 | November 2, 2013 | October 27, 2012 | ||||||||
Denims | 48.5 | % | 50.6 | % | 43.9 | % | 44.5 | % | ||||
Tops (including sweaters) | 30.3 | 30.3 | 30.1 | 31.3 | ||||||||
Accessories | 8.2 | 8 | 8.3 | 8.2 | ||||||||
Sportswear/Fashions | 1.9 | 1.4 | 8.1 | 7.6 | ||||||||
Footwear | 5.9 | 5.3 | 6.1 | 5.6 | ||||||||
Outerwear | 2.9 | 3.2 | 1.7 | 1.7 | ||||||||
Casual bottoms | 1 | 0.8 | 0.9 | 0.8 | ||||||||
Other | 1.3 | 0.4 | 0.9 | 0.3 | ||||||||
100 | % | 100 | % | 100 | % | 100 | % |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | |||||||||||||||||||||
Nov. 02, 2013 | ||||||||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | ' | |||||||||||||||||||||
Basic earnings per share data are based on the weighted average outstanding common shares during the period. Diluted earnings per share data are based on the weighted average outstanding common shares and the effect of all dilutive potential common shares, including stock options. | ||||||||||||||||||||||
Thirteen Weeks Ended | Thirteen Weeks Ended | |||||||||||||||||||||
November 2, 2013 | October 27, 2012 | |||||||||||||||||||||
Income | Weighted | Per Share | Income | Weighted | Per Share | |||||||||||||||||
Average | Amount | Average | Amount | |||||||||||||||||||
Shares | Shares | |||||||||||||||||||||
Basic EPS | $ | 40,584 | 47,707 | $ | 0.85 | $ | 41,917 | 47,358 | $ | 0.89 | ||||||||||||
Effect of Dilutive Securities: | ||||||||||||||||||||||
Stock options and non-vested shares | — | 277 | — | — | 331 | (0.01 | ) | |||||||||||||||
Diluted EPS | $ | 40,584 | 47,984 | $ | 0.85 | $ | 41,917 | 47,689 | $ | 0.88 | ||||||||||||
Thirty-nine Weeks Ended | Thirty-nine Weeks Ended | |||||||||||||||||||||
November 2, 2013 | October 27, 2012 | |||||||||||||||||||||
Income | Weighted | Per Share | Income | Weighted | Per Share | |||||||||||||||||
Average | Amount | Average | Amount | |||||||||||||||||||
Shares | Shares | |||||||||||||||||||||
Basic EPS | $ | 103,280 | 47,703 | $ | 2.17 | $ | 102,949 | 47,307 | $ | 2.18 | ||||||||||||
Effect of Dilutive Securities: | ||||||||||||||||||||||
Stock options and non-vested shares | — | 256 | (0.02 | ) | — | 343 | (0.02 | ) | ||||||||||||||
Diluted EPS | $ | 103,280 | 47,959 | $ | 2.15 | $ | 102,949 | 47,650 | $ | 2.16 | ||||||||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||||||||||
Nov. 02, 2013 | ||||||||||||||||||||
Schedule of Investments [Abstract] | ' | |||||||||||||||||||
Schedule of investments, cost and fair value | ' | |||||||||||||||||||
The following is a summary of investments as of November 2, 2013: | ||||||||||||||||||||
Amortized | Gross | Gross | Other-than- | Estimated | ||||||||||||||||
Cost or | Unrealized | Unrealized | Temporary | Fair | ||||||||||||||||
Par Value | Gains | Losses | Impairment | Value | ||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Auction-rate securities | $ | 13,025 | $ | — | $ | (1,225 | ) | $ | (725 | ) | $ | 11,075 | ||||||||
Preferred stock | 400 | — | — | (395 | ) | 5 | ||||||||||||||
$ | 13,425 | $ | — | $ | (1,225 | ) | $ | (1,120 | ) | $ | 11,080 | |||||||||
Held-to-Maturity Securities: | ||||||||||||||||||||
State and municipal bonds | $ | 41,056 | $ | 141 | $ | (3 | ) | $ | — | $ | 41,194 | |||||||||
Trading Securities: | ||||||||||||||||||||
Mutual funds | $ | 11,337 | $ | 1,289 | $ | — | $ | — | $ | 12,626 | ||||||||||
The following is a summary of investments as of February 2, 2013: | ||||||||||||||||||||
Amortized | Gross | Gross | Other-than- | Estimated | ||||||||||||||||
Cost or | Unrealized | Unrealized | Temporary | Fair | ||||||||||||||||
Par Value | Gains | Losses | Impairment | Value | ||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Auction-rate securities | $ | 13,075 | $ | — | $ | (1,482 | ) | $ | (725 | ) | $ | 10,868 | ||||||||
Preferred stock | 2,000 | — | — | (1,974 | ) | 26 | ||||||||||||||
$ | 15,075 | $ | — | $ | (1,482 | ) | $ | (2,699 | ) | $ | 10,894 | |||||||||
Held-to-Maturity Securities: | ||||||||||||||||||||
State and municipal bonds | $ | 40,155 | $ | 108 | $ | (15 | ) | $ | — | $ | 40,248 | |||||||||
Certificates of deposit | 500 | 4 | — | — | 504 | |||||||||||||||
$ | 40,655 | $ | 112 | $ | (15 | ) | $ | — | $ | 40,752 | ||||||||||
Trading Securities: | ||||||||||||||||||||
Mutual funds | $ | 10,257 | $ | 343 | $ | — | $ | — | $ | 10,600 | ||||||||||
Schedule of auction rate and preferred securities | ' | |||||||||||||||||||
The auction-rate securities and preferred stock were invested as follows as of November 2, 2013: | ||||||||||||||||||||
Nature | Underlying Collateral | Par Value | ||||||||||||||||||
Municipal revenue bonds | 100% insured by AAA/AA/A-rated bond insurers | $ | 10,025 | |||||||||||||||||
Municipal bond funds | Fixed income instruments within issuers' money market funds | 50 | ||||||||||||||||||
Student loan bonds | Student loans guaranteed by state entities | 2,950 | ||||||||||||||||||
Preferred stock | Underlying investments of closed-end funds | 400 | ||||||||||||||||||
Total par value | $ | 13,425 | ||||||||||||||||||
Schedule of amortized cost and fair value of debt securities by contractual maturity | ' | |||||||||||||||||||
The amortized cost and fair value of debt securities by contractual maturity as of November 2, 2013 is as follows: | ||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||
Cost | Value | |||||||||||||||||||
Held-to-Maturity Securities | ||||||||||||||||||||
Less than 1 year | $ | 25,455 | $ | 25,483 | ||||||||||||||||
1 - 5 years | 15,601 | 15,711 | ||||||||||||||||||
$ | 41,056 | $ | 41,194 | |||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||
Nov. 02, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Financial assets measured at fair value on a recurring basis | ' | |||||||||||||||
The Company’s financial assets measured at fair value on a recurring basis are as follows: | ||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Quoted Prices in | Significant | Significant | ||||||||||||||
Active Markets | Observable | Unobservable | ||||||||||||||
for Identical | Inputs | Inputs | ||||||||||||||
Assets | ||||||||||||||||
November 2, 2013 | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Available-for-sale securities: | ||||||||||||||||
Auction-rate securities | $ | — | $ | 178 | $ | 10,897 | $ | 11,075 | ||||||||
Preferred stock | 5 | — | — | 5 | ||||||||||||
Trading securities (including mutual funds) | 12,626 | — | — | 12,626 | ||||||||||||
Totals | $ | 12,631 | $ | 178 | $ | 10,897 | $ | 23,706 | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Quoted Prices in | Significant | Significant | ||||||||||||||
Active Markets | Observable | Unobservable | ||||||||||||||
for Identical | Inputs | Inputs | ||||||||||||||
Assets | ||||||||||||||||
February 2, 2013 | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Available-for-sale securities: | ||||||||||||||||
Auction-rate securities | $ | — | $ | 178 | $ | 10,690 | $ | 10,868 | ||||||||
Preferred stock | 26 | — | — | 26 | ||||||||||||
Trading securities (including mutual funds) | 10,600 | — | — | 10,600 | ||||||||||||
Totals | $ | 10,626 | $ | 178 | $ | 10,690 | $ | 21,494 | ||||||||
Financial assets measured at fair value on a recurring basis, unobservable input reconciliation | ' | |||||||||||||||
Changes in the fair value of the Company’s financial assets measured at fair value on a recurring basis are as follows: | ||||||||||||||||
Thirty-nine Weeks Ended November 2, 2013 | ||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | ||||||||||||||||
Available-for-Sale Securities | Trading Securities | |||||||||||||||
Auction-rate | Preferred | Mutual | Total | |||||||||||||
Securities | Stock | Funds | ||||||||||||||
Balance, beginning of year | $ | 10,690 | $ | — | $ | — | $ | 10,690 | ||||||||
Total gains and losses: | ||||||||||||||||
Included in other comprehensive income | 257 | — | — | 257 | ||||||||||||
Purchases, Issuances, Sales, and Settlements: | ||||||||||||||||
Sales | (50 | ) | — | — | (50 | ) | ||||||||||
Balance, end of quarter | $ | 10,897 | $ | — | $ | — | $ | 10,897 | ||||||||
Thirty-nine Weeks Ended October 27, 2012 | ||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | ||||||||||||||||
Available-for-Sale Securities | Trading Securities | |||||||||||||||
Auction-rate | Preferred | Mutual | Total | |||||||||||||
Securities | Stock | Funds | ||||||||||||||
Balance, beginning of year | $ | 11,220 | $ | — | $ | — | $ | 11,220 | ||||||||
Total gains and losses: | ||||||||||||||||
Included in other comprehensive income | 2 | — | — | 2 | ||||||||||||
Purchases, Issuances, Sales, and Settlements: | ||||||||||||||||
Sales | (50 | ) | — | — | (50 | ) | ||||||||||
Balance, end of quarter | $ | 11,172 | $ | — | $ | — | $ | 11,172 | ||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | |||||||||||||||
Nov. 02, 2013 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Stock-based compensation expense | ' | |||||||||||||||
Information regarding the impact of compensation expense related to grants of non-vested shares of common stock is as follows: | ||||||||||||||||
Thirteen Weeks Ended | Thirty-nine Weeks Ended | |||||||||||||||
November 2, 2013 | October 27, 2012 | November 2, 2013 | October 27, 2012 | |||||||||||||
Stock-based compensation expense, before tax | $ | 2,433 | $ | 1,999 | $ | 7,450 | $ | 6,136 | ||||||||
Stock-based compensation expense, after tax | $ | 1,533 | $ | 1,259 | $ | 4,694 | $ | 3,866 | ||||||||
Summary of stock-based compensation activity related to stock options | ' | |||||||||||||||
A summary of the Company’s stock-based compensation activity related to stock options for the thirty-nine week period ended November 2, 2013 is as follows: | ||||||||||||||||
Shares | Weighted | Weighted | Aggregate | |||||||||||||
Average | Average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Life | ||||||||||||||||
Outstanding - beginning of year | 42,808 | $ | 1.79 | |||||||||||||
Granted | — | — | ||||||||||||||
Expired/forfeited | (496 | ) | 0.01 | |||||||||||||
Exercised | (18,190 | ) | 0.01 | |||||||||||||
Outstanding - end of quarter | 24,122 | $ | 3.17 | 1.17 | years | $ | 1,102 | |||||||||
Exercisable - end of quarter | 24,122 | $ | 3.17 | 1.17 | years | $ | 1,102 | |||||||||
Summary of stock-based compensation activity related to grants of non-vested shares of common stock | ' | |||||||||||||||
A summary of the Company’s stock-based compensation activity related to grants of non-vested shares of common stock for the thirty-nine week period ended November 2, 2013 is as follows: | ||||||||||||||||
Shares | Weighted Average | |||||||||||||||
Grant Date | ||||||||||||||||
Fair Value | ||||||||||||||||
Non-Vested - beginning of year | 419,261 | $ | 39.52 | |||||||||||||
Granted | 254,400 | 47.03 | ||||||||||||||
Forfeited | (2,577 | ) | 40.33 | |||||||||||||
Vested | (50,728 | ) | 43.6 | |||||||||||||
Non-Vested - end of quarter | 620,356 | $ | 42.26 | |||||||||||||
Description_of_the_Business_Na
Description of the Business (Narrative) (Details) | 3 Months Ended | 9 Months Ended | ||
Nov. 02, 2013 | Oct. 27, 2012 | Nov. 02, 2013 | Oct. 27, 2012 | |
store | store | segment | store | |
state | state | store | state | |
state | ||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' | ' |
Number of reportable segments (segment) | ' | ' | 1 | ' |
Number of stores (store) | 452 | 440 | 452 | 440 |
Number of states in which stores are located (state) | 43 | 43 | 43 | 43 |
New stores opened during the period (store) | 1 | 1 | 13 | 9 |
Stores substantially renovated during the period (store) | 2 | 7 | 5 | 19 |
Stores closed during the period (store) | 1 | ' | 1 | ' |
Description_of_the_Business_In
Description of the Business (Information Regarding Major Product Lines) (Details) | 3 Months Ended | 9 Months Ended | ||
Nov. 02, 2013 | Oct. 27, 2012 | Nov. 02, 2013 | Oct. 27, 2012 | |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 100.00% | 100.00% | 100.00% | 100.00% |
Denims [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 48.50% | 50.60% | 43.90% | 44.50% |
Tops (including sweaters) [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 30.30% | 30.30% | 30.10% | 31.30% |
Accessories [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 8.20% | 8.00% | 8.30% | 8.20% |
Sportswear / Fashions [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 1.90% | 1.40% | 8.10% | 7.60% |
Footwear [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 5.90% | 5.30% | 6.10% | 5.60% |
Outerwear [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 2.90% | 3.20% | 1.70% | 1.70% |
Casual bottoms [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 1.00% | 0.80% | 0.90% | 0.80% |
Other [Member] | ' | ' | ' | ' |
Product Information [Line Items] | ' | ' | ' | ' |
Percentage of net sales | 1.30% | 0.40% | 0.90% | 0.30% |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Nov. 02, 2013 | Oct. 27, 2012 | Nov. 02, 2013 | Oct. 27, 2012 |
Income | ' | ' | ' | ' |
Basic EPS, Income | $40,584 | $41,917 | $103,280 | $102,949 |
Effect of dilutive stock options and non-vested shares, Income | 0 | 0 | 0 | 0 |
Diluted EPS, Income | $40,584 | $41,917 | $103,280 | $102,949 |
Weighted Average Shares | ' | ' | ' | ' |
Basic EPS, Weighted Average Shares (shares) | 47,707 | 47,358 | 47,703 | 47,307 |
Effect of dilutive stock options and non-vested shares, Weighted Average Shares (shares) | 277 | 331 | 256 | 343 |
Diluted EPS, Weighted Average Shares (shares) | 47,984 | 47,689 | 47,959 | 47,650 |
Per Share Amount | ' | ' | ' | ' |
Basic EPS, Per Share Amount (dollars per share) | $0.85 | $0.89 | $2.17 | $2.18 |
Effect of dilutive stock options and non-vested shares, Per Share Amount (dollars per share) | $0 | ($0.01) | ($0.02) | ($0.02) |
Diluted EPS, Per Share Amount (dollars per share) | $0.85 | $0.88 | $2.15 | $2.16 |
Investments_Schedule_of_Invest
Investments (Schedule of Investments) (Details) (USD $) | Nov. 02, 2013 | Feb. 02, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities [Abstract] | ' | ' |
Available-for-Sale Securities, Amortized Cost or Par Value | $13,425 | $15,075 |
Available-for-Sale Securities, Gross Unrealized Gains | 0 | 0 |
Available-for-Sale Securities, Gross Unrealized Losses | -1,225 | -1,482 |
Available-for-Sale Securities, Other-than-Temporary Impairment | -1,120 | -2,699 |
Available-for-Sale Securities, Estimated Fair Value | 11,080 | 10,894 |
Held-to-maturity Securities [Abstract] | ' | ' |
Held-to-Maturity Securities, Amortized Cost or Par Value | 41,056 | 40,655 |
Held-to-Maturity Securities, Gross Unrealized Gains | 141 | 112 |
Held-to-Maturity Securities, Gross Unrealized Losses | -3 | -15 |
Held-to-Maturity Securities, Other-than-Temporary Impairment | 0 | 0 |
Held-to-Maturity Securities, Estimated Fair Value | 41,194 | 40,752 |
Auction-rate securities [Member] | ' | ' |
Available-for-sale Securities [Abstract] | ' | ' |
Available-for-Sale Securities, Amortized Cost or Par Value | 13,025 | 13,075 |
Available-for-Sale Securities, Gross Unrealized Gains | 0 | 0 |
Available-for-Sale Securities, Gross Unrealized Losses | -1,225 | -1,482 |
Available-for-Sale Securities, Other-than-Temporary Impairment | -725 | -725 |
Available-for-Sale Securities, Estimated Fair Value | 11,075 | 10,868 |
Preferred stock [Member] | ' | ' |
Available-for-sale Securities [Abstract] | ' | ' |
Available-for-Sale Securities, Amortized Cost or Par Value | 400 | 2,000 |
Available-for-Sale Securities, Gross Unrealized Gains | 0 | 0 |
Available-for-Sale Securities, Gross Unrealized Losses | 0 | 0 |
Available-for-Sale Securities, Other-than-Temporary Impairment | -395 | -1,974 |
Available-for-Sale Securities, Estimated Fair Value | 5 | 26 |
State and municipal bonds [Member] | ' | ' |
Held-to-maturity Securities [Abstract] | ' | ' |
Held-to-Maturity Securities, Amortized Cost or Par Value | 41,056 | 40,155 |
Held-to-Maturity Securities, Gross Unrealized Gains | 141 | 108 |
Held-to-Maturity Securities, Gross Unrealized Losses | -3 | -15 |
Held-to-Maturity Securities, Other-than-Temporary Impairment | 0 | 0 |
Held-to-Maturity Securities, Estimated Fair Value | 41,194 | 40,248 |
Certificates of deposit [Member] | ' | ' |
Held-to-maturity Securities [Abstract] | ' | ' |
Held-to-Maturity Securities, Amortized Cost or Par Value | ' | 500 |
Held-to-Maturity Securities, Gross Unrealized Gains | ' | 4 |
Held-to-Maturity Securities, Gross Unrealized Losses | ' | 0 |
Held-to-Maturity Securities, Other-than-Temporary Impairment | ' | 0 |
Held-to-Maturity Securities, Estimated Fair Value | ' | 504 |
Mutual funds [Member] | ' | ' |
Trading Securities [Abstract] | ' | ' |
Trading Securities, Amortized Cost or Par Value | 11,337 | 10,257 |
Trading Securities, Gross Unrealized Gains | 1,289 | 343 |
Trading Securities, Gross Unrealized Losses | 0 | 0 |
Trading Securities, Other-than-Temporary Impairment | 0 | 0 |
Trading Securities, Estimated Fair Value | $12,626 | $10,600 |
Investments_Par_Value_Details
Investments (Par Value) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Nov. 02, 2013 | Feb. 02, 2013 |
Investment Holdings [Line Items] | ' | ' |
Available-for-sale securities, par value | $13,425 | $15,075 |
Auction-rate securities [Member] | ' | ' |
Investment Holdings [Line Items] | ' | ' |
Available-for-sale securities, par value | 13,025 | 13,075 |
Auction-rate securities [Member] | Municipal revenue bonds [Member] | ' | ' |
Investment Holdings [Line Items] | ' | ' |
Underlying Collateral | '100% insured by AAA/AA/A-rated bond insurers | ' |
Available-for-sale securities, par value | 10,025 | ' |
Percentage of bond insured by AAA/AA/A-rated bond insurers (percent) | 100.00% | ' |
Auction-rate securities [Member] | Municipal bond funds [Member] | ' | ' |
Investment Holdings [Line Items] | ' | ' |
Underlying Collateral | 'Fixed income instruments within issuers' money market funds | ' |
Available-for-sale securities, par value | 50 | ' |
Auction-rate securities [Member] | Student loan bonds [Member] | ' | ' |
Investment Holdings [Line Items] | ' | ' |
Underlying Collateral | 'Student loans guaranteed by state entities | ' |
Available-for-sale securities, par value | 2,950 | ' |
Preferred stock [Member] | ' | ' |
Investment Holdings [Line Items] | ' | ' |
Underlying Collateral | 'Underlying investments of closed-end funds | ' |
Available-for-sale securities, par value | $400 | $2,000 |
Investments_HeldToMaturity_Sec
Investments (Held-To-Maturity Securities) (Details) (USD $) | Nov. 02, 2013 | Feb. 02, 2013 |
In Thousands, unless otherwise specified | ||
Contractual maturities of held-to-maturity securities, at amortized cost: | ' | ' |
Less than 1 year, Amortized Cost | $25,455 | ' |
1 - 5 years, Amortized Cost | 15,601 | ' |
Total, Amortized Cost | 41,056 | ' |
Contractual maturities of held-to-maturity securities, at fair values: | ' | ' |
Less than 1 year, Fair Value | 25,483 | ' |
1 - 5 years, Fair Value | 15,711 | ' |
Held-to-Maturity Securities, Estimated Fair Value | $41,194 | $40,752 |
Investments_Narrative_Details
Investments (Narrative) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Nov. 02, 2013 | Feb. 02, 2013 |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale securities classified as noncurrent | $11,080 | $10,869 |
Long-term investment, held-to-maturity securities | 15,601 | 14,266 |
Temporary impairment | 1,225 | 1,482 |
Other-than-temporary impairment | 1,120 | 2,699 |
Accumulated comprehensive loss, cumulative unrealized losses on available for sale securities, net of tax | 772 | 934 |
Available-for-sale securities, par value | 13,425 | 15,075 |
Available-for-sale securities, estimated fair value | 11,080 | 10,894 |
Minimum [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Dutch auction, reset interval (days) | '7 days | ' |
Maximum [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Dutch auction, reset interval (days) | '49 days | ' |
Auction-rate securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Temporary impairment | 1,225 | 1,482 |
Other-than-temporary impairment | 725 | 725 |
Available-for-sale securities, par value | 13,025 | 13,075 |
Available-for-sale securities, estimated fair value | 11,075 | 10,868 |
Auction-rate securities [Member] | AA/Aa-rated [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Securities by credit rating (percent) | 76.00% | ' |
Auction-rate securities [Member] | A-rated [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Securities by credit rating (percent) | 21.00% | ' |
Auction-rate securities [Member] | Below A-rated [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Securities by credit rating (percent) | 3.00% | ' |
Auction Rate Securities and Preferred Stock [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale securities classified as noncurrent | ' | 10,869 |
Par value of securities liquidated | 1,650 | ' |
Available-for-sale securities classified as current | ' | 25 |
Preferred stock [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Temporary impairment | 0 | 0 |
Other-than-temporary impairment | 395 | 1,974 |
Available-for-sale securities, par value | 400 | 2,000 |
Available-for-sale securities, estimated fair value | $5 | $26 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements (Fair Value Inputs) (Details) (Significant Unobservable Inputs (Level 3) [Member], Auction-rate securities [Member], Fair Value Measurements, Recurring [Member]) | 9 Months Ended |
Nov. 02, 2013 | |
Minimum [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Durations until redemption (years) | '6 months |
Discount rates (percent) | 0.88% |
Loss severities (percent) | 0.00% |
Maximum [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Durations until redemption (years) | '29 years |
Discount rates (percent) | 5.80% |
Loss severities (percent) | 25.00% |
Weighted Average [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Durations until redemption (years) | '6 years 4 months 24 days |
Discount rates (percent) | 2.28% |
Loss severities (percent) | 2.66% |
Fair_Value_Measurements_Recurr
Fair Value Measurements (Recurring Basis) (Details) (USD $) | Nov. 02, 2013 | Feb. 02, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | $11,080 | $10,894 |
Auction-rate securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 11,075 | 10,868 |
Preferred stock [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 5 | 26 |
Mutual funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Trading securities (including mutual funds) | 12,626 | 10,600 |
Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Totals | 23,706 | 21,494 |
Fair Value Measurements, Recurring [Member] | Auction-rate securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 11,075 | 10,868 |
Fair Value Measurements, Recurring [Member] | Preferred stock [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 5 | 26 |
Fair Value Measurements, Recurring [Member] | Mutual funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Trading securities (including mutual funds) | 12,626 | 10,600 |
Fair Value Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Totals | 12,631 | 10,626 |
Fair Value Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Auction-rate securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 0 | 0 |
Fair Value Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Preferred stock [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 5 | 26 |
Fair Value Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mutual funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Trading securities (including mutual funds) | 12,626 | 10,600 |
Fair Value Measurements, Recurring [Member] | Significant Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Totals | 178 | 178 |
Fair Value Measurements, Recurring [Member] | Significant Observable Inputs (Level 2) [Member] | Auction-rate securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 178 | 178 |
Fair Value Measurements, Recurring [Member] | Significant Observable Inputs (Level 2) [Member] | Preferred stock [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 0 | 0 |
Fair Value Measurements, Recurring [Member] | Significant Observable Inputs (Level 2) [Member] | Mutual funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Trading securities (including mutual funds) | 0 | 0 |
Fair Value Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Totals | 10,897 | 10,690 |
Fair Value Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Auction-rate securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 10,897 | 10,690 |
Fair Value Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Preferred stock [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-Sale Securities, Estimated Fair Value | 0 | 0 |
Fair Value Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Mutual funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Trading securities (including mutual funds) | $0 | $0 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | Nov. 02, 2013 | Feb. 02, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Temporary impairment | $1,225 | $1,482 |
Other-than-Temporary Impairment | 1,120 | 2,699 |
Held-to-maturity securities, fair value | 41,194 | 40,752 |
Held-to-maturity securities, carrying value | 41,056 | 40,655 |
Auction-rate securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Temporary impairment | 1,225 | 1,482 |
Other-than-Temporary Impairment | 725 | 725 |
Auction-rate securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Temporary impairment | 1,203 | ' |
Other-than-Temporary Impairment | $725 | ' |
Fair_Value_Measurements_Change
Fair Value Measurements (Changes in Fair Value) (Details) (Fair Value Measurements, Recurring [Member], USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Nov. 02, 2013 | Oct. 27, 2012 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Balance, Level 3 securities, beginning of year | $10,690 | $11,220 |
Unrealized gains on Level 3 securities included in other comprehensive income | 257 | 2 |
Sales of Level 3 securities | -50 | -50 |
Balance, Level 3 securities, end of quarter | 10,897 | 11,172 |
Auction-rate securities [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Balance, Level 3 securities, beginning of year | 10,690 | 11,220 |
Unrealized gains on Level 3 securities included in other comprehensive income | 257 | 2 |
Sales of Level 3 securities | -50 | -50 |
Balance, Level 3 securities, end of quarter | 10,897 | 11,172 |
Preferred stock [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Balance, Level 3 securities, beginning of year | 0 | 0 |
Unrealized gains on Level 3 securities included in other comprehensive income | 0 | 0 |
Sales of Level 3 securities | 0 | 0 |
Balance, Level 3 securities, end of quarter | 0 | 0 |
Mutual funds [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Balance, Level 3 securities, beginning of year | 0 | 0 |
Unrealized gains on Level 3 securities included in other comprehensive income | 0 | 0 |
Sales of Level 3 securities | 0 | 0 |
Balance, Level 3 securities, end of quarter | $0 | $0 |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Details) (USD $) | 9 Months Ended | ||
In Thousands, unless otherwise specified | Nov. 02, 2013 | Oct. 27, 2012 | Feb. 02, 2013 |
Supplemental Cash Flow Elements [Abstract] | ' | ' | ' |
Non-cash investing activities - change in unpaid purchases of property, plant and equipment | ($710) | ($1,095) | ' |
Current liability for unpaid purchases of property, plant and equipment | 1,729 | ' | 1,019 |
Cash paid for income taxes | $76,691 | $56,998 | ' |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
Nov. 02, 2013 | Oct. 27, 2012 | Feb. 02, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Excess tax benefit realized from exercised stock options | $284,000 | $3,897,000 | ' |
Stock Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Options expiration period (years) | '10 years | ' | ' |
Shares available for grant (shares) | 635,649 | ' | ' |
Excess tax benefit realized from exercised stock options | 284,000 | 3,897,000 | ' |
Stock options granted (shares) | 0 | ' | 0 |
Total intrinsic value of options exercised | 882,000 | 11,976,000 | ' |
Unrecognized compensation expense | 0 | ' | ' |
Stock Options [Member] | Executive Officers [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares available for grant (shares) | 447,457 | ' | ' |
Restricted Stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares available for grant (shares) | 1,139,041 | ' | ' |
Unrecognized compensation expense | 11,235,000 | ' | ' |
Expected weighted average period of unrecognized compensation expense recognition (years) | '2 years | ' | ' |
Total fair value of shares vested | $2,400,000 | $2,775,000 | ' |
Restricted Stock [Member] | Restricted Stock Plan 2005 [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares vested description | 'Shares granted under the 2005 Plan typically vest over a period of four years, only upon certification by the Compensation Committee of the Board of Directors that the Company has achieved its pre-established performance targets for the fiscal year. | ' | ' |
Vesting period (years) | '4 years | ' | ' |
Restricted Stock [Member] | Director Restricted Stock Plan 2008 [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares vested description | 'Shares granted under the 2008 Director Plan vest 25% on the date of grant and then in equal portions on each of the first three anniversaries of the date of grant. | ' | ' |
Vesting period (years) | '3 years | ' | ' |
Percentage of shares vesting annually (percent) | 25.00% | ' | ' |
Restricted Stock [Member] | Executive Officers [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares available for grant (shares) | 1,113,917 | ' | ' |
StockBased_Compensation_Compen
Stock-Based Compensation (Compensation Expenses) (Details) (Restricted Stock [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Nov. 02, 2013 | Oct. 27, 2012 | Nov. 02, 2013 | Oct. 27, 2012 |
Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense, before tax | $2,433 | $1,999 | $7,450 | $6,136 |
Stock-based compensation expense, after tax | $1,533 | $1,259 | $4,694 | $3,866 |
StockBased_Compensation_Stock_
Stock-Based Compensation (Stock Options) (Details) (Stock Options [Member], USD $) | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Nov. 02, 2013 |
Stock Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Outstanding - beginning of year (shares) | 42,808 |
Granted (shares) | 0 |
Expired/forfeited (shares) | -496 |
Exercised (shares) | -18,190 |
Outstanding - end of quarter (shares) | 24,122 |
Exercisable - end of quarter (shares) | 24,122 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' |
Outstanding - beginning of year, Weighted Average Exercise Price (dollars per share) | $1.79 |
Granted, Weighted Average Exercise Price (dollars per share) | $0 |
Expired/forfeited, Weighted Average Exercise Price (dollars per share) | $0.01 |
Exercised, Weighted Average Exercise Price (dollars per share) | $0.01 |
Outstanding - end of quarter, Weighted Average Exercise Price (dollars per share) | $3.17 |
Exercisable - end of quarter, Weighted Average Exercise Price (dollars per share) | $3.17 |
Outstanding - end of quarter, Weighted Average Remaining Contractual Life (years) | '1 year 2 months 1 day |
Exercisable - end of quarter, Weighted Average Remaining Contractual Life (years) | '1 year 2 months 1 day |
Outstanding - end of quarter, Aggregate Intrinsic Value | $1,102 |
Exercisable - end of quarter, Aggregate Intrinsic Value | $1,102 |
StockBased_Compensation_Nonves
Stock-Based Compensation (Non-vested Shares) (Details) (Restricted Stock [Member], USD $) | 9 Months Ended |
Nov. 02, 2013 | |
Restricted Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' |
Non-Vested - beginning of year (shares) | 419,261 |
Granted (shares) | 254,400 |
Forfeited (shares) | -2,577 |
Vested (shares) | -50,728 |
Non-Vested - end of quarter (shares) | 620,356 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' |
Non-Vested - beginning of year, Weighted Average Grant Date Fair Value (dollars per share) | $39.52 |
Granted, Weighted Average Grant Date Fair Value (dollars per share) | $47.03 |
Forfeited, Weighted Average Grant Date Fair Value (dollars per share) | $40.33 |
Vested, Weighted Average Grant Date Fair Value (dollars per share) | $43.60 |
Non-Vested - end of quarter, Weighted Average Grant Date Fair Value (dollars per share) | $42.26 |