Finish Line (FINL) 10-Q 9 Jan 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Nov. 30, 2013	Dec. 27, 2013
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Nov-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'FINL	'
Entity Registrant Name	'FINISH LINE INC /IN/	'
Entity Central Index Key	'0000886137	'
Current Fiscal Year End Date	'--03-01	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding, Class A	'	49,053,145

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Nov. 30, 2013	Mar. 02, 2013	Dec. 01, 2012
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'	'
Cash and cash equivalents	$111,916	$226,982	$168,154
Accounts receivable, net	12,340	14,768	12,025
Merchandise inventories, net	360,463	243,770	301,654
Income taxes receivable	16,228	0	10,417
Other	21,215	6,174	8,462
Total current assets	522,162	491,694	500,712
PROPERTY AND EQUIPMENT:	'	'	'
Land	1,557	1,557	1,557
Building	42,545	42,460	42,397
Leasehold improvements	240,430	227,080	228,647
Furniture, fixtures and equipment	164,709	143,510	126,418
Construction in progress	50,824	36,339	38,149
Property and equipment, gross	500,065	450,946	437,168
Less accumulated depreciation	286,877	270,345	269,198
Property and equipment, net	213,188	180,601	167,970
Deferred income taxes	3,640	12,018	18,926
Goodwill	24,035	13,888	14,763
Other intangible assets	550	550	550
Other assets, net	9,995	7,671	6,864
Total assets	773,570	706,422	709,785
CURRENT LIABILITIES:	'	'	'
Accounts payable	122,071	75,641	92,956
Employee compensation	17,588	15,579	15,425
Accrued property and sales tax	9,526	9,245	8,212
Income taxes payable	0	5,211	0
Deferred income taxes	8,060	7,239	8,997
Other liabilities and accrued expenses	23,511	21,122	20,019
Total current liabilities	180,756	134,037	145,609
Deferred credits from landlords	28,639	27,215	28,138
Other long-term liabilities	17,465	16,638	18,463
REDEEMABLE NONCONTROLLING INTEREST	2,034	3,669	4,535
SHAREHOLDERS’ EQUITY:	'	'	'
Preferred stock, $.01 par value; 1,000 shares authorized; none issued	0	0	0
Common stock, $.01 par value, Shares authorized- 110,000, Shares issued-(November 30, 2013 -60,145; December 1, 2012 - 59,587; March 2, 2013 - 59,587), Shares outstanding-(November 30, 2013 - 48,254; December 1, 2012 - 49,262; March 2, 2013 - 48,193)	597	596	596
Additional paid-in capital	221,886	217,045	216,657
Retained earnings	528,526	504,883	473,921
Treasury stock—(November 30, 2013 – 11,504; December 1, 2012 – 10,325; March 2, 2013 – 11,394)	-206,333	-197,661	-178,134
Total shareholders’ equity	544,676	524,863	513,040
Total liabilities and shareholders’ equity	$773,570	$706,422	$709,785

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Nov. 30, 2013	Mar. 02, 2013	Dec. 01, 2012
Statement of Financial Position [Abstract]	'	'	'
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, issued	'	'	'
Common stock, par value	$0.01	$0.01	$0.01
Common stock, Shares authorized	110,000,000	110,000,000	110,000,000
Common stock, Shares issued	60,145,000	59,587,000	59,587,000
Common stock, Shares outstanding	48,254,000	48,193,000	49,262,000
Treasury stock	11,504,000	11,394,000	10,325,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 30, 2013	Dec. 01, 2012	Nov. 30, 2013	Dec. 01, 2012
Income Statement [Abstract]	'	'	'	'
Net sales	$364,455	$296,623	$1,151,538	$1,000,683
Cost of sales (including occupancy costs)	256,607	206,833	790,358	671,684
Gross profit	107,848	89,790	361,180	328,999
Selling, general and administrative expenses	104,092	91,447	306,903	271,004
Store closing costs	166	1	369	421
Impairment charges	841	0	841	0
Operating income (loss)	2,749	-1,658	53,067	57,574
Interest income, net	3	38	27	167
Income (loss) before income taxes	2,752	-1,620	53,094	57,741
Income tax expense (benefit)	1,161	-811	20,796	22,033
Net income (loss)	1,591	-809	32,298	35,708
Net loss attributable to redeemable noncontrolling interest	727	702	1,602	1,436
Net income (loss) attributable to The Finish Line, Inc.	$2,318	($107)	$33,900	$37,144
Basic earnings per share attributable to The Finish Line, Inc. shareholders (in dollars per share)	$0.05	$0	$0.69	$0.73
Basic weighted average shares (in shares)	48,330	49,949	48,313	50,277
Diluted earnings per share attributable to The Finish Line, Inc. shareholders (in dollars per share)	$0.05	$0	$0.69	$0.72
Diluted weighted average shares (in shares)	48,709	49,949	48,733	50,977
Dividends declared per share (in dollars per share)	$0.07	$0.06	$0.21	$0.18

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2013	Dec. 01, 2012	Mar. 02, 2013	Mar. 03, 2012
OPERATING ACTIVITIES:	'	'	'	'
Net income	$32,298	$35,708	'	'
Adjustments to reconcile net income to net cash used in operating activities:	'	'	'	'
Impairment charges	841	0	'	'
Depreciation and amortization	26,543	21,160	'	'
Deferred income taxes	9,199	-109	'	'
Share-based compensation	4,717	5,391	'	'
Loss on disposal of property and equipment	888	570	'	'
Excess tax benefits from share-based compensation	-2,808	-2,372	'	'
Changes in operating assets and liabilities:	'	'	'	'
Accounts receivable, net	2,494	-2,967	'	'
Merchandise inventories, net	-112,775	-80,352	'	'
Other assets	-16,670	7,927	'	'
Accounts payable	49,293	23,786	'	'
Employee compensation	2,009	-6,997	'	'
Income taxes receivable/payable	-19,180	-24,103	'	'
Other liabilities and accrued expenses	1,978	-880	'	'
Deferred credits from landlords	1,424	692	'	'
Net cash used in operating activities	-19,749	-22,546	'	'
INVESTING ACTIVITIES:	'	'	'	'
Capital expenditures for property and equipment	-65,555	-62,061	'	'
Proceeds from disposals of property and equipment	53	67	'	'
Acquisitions, net of cash acquired	-11,693	-2,256	'	'
Cash paid for investment	0	-1,000	'	'
Net cash used in investing activities	-77,195	-65,250	'	'
FINANCING ACTIVITIES:	'	'	'	'
Dividends paid to shareholders	-10,178	-9,176	'	'
Proceeds from issuance of common stock	6,734	2,879	'	'
Excess tax benefits from share-based compensation	2,808	2,372	'	'
Purchase of treasury stock	-17,486	-53,619	'	'
Funding of related-party note receivable	0	-4,000	'	'
Proceeds from sale of redeemable noncontrolling interest	0	10,000	'	'
Net cash used in financing activities	-18,122	-51,544	'	'
Net decrease in cash and cash equivalents	-115,066	-139,340	'	'
Cash and cash equivalents at beginning of period	226,982	307,494	307,494	'
Cash and cash equivalents at end of period	111,916	168,154	226,982	307,494
Supplemental disclosure of noncash operating and investing activities:	'	'	'	'
Capital expenditures incurred but not yet paid	$4,866	$630	$9,715	$0

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Nov. 30, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying unaudited consolidated financial statements of The Finish Line, Inc., along with its consolidated subsidiaries (individually and collectively referred to as the “Company”), 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 and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. Preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation, have been included. Intercompany accounts and transactions have been eliminated in consolidation.
	The Company has experienced, and expects to continue to experience, significant variability in sales, net income and merchandise inventories from reporting period to reporting period. Therefore, the results of the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year.
	These financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended March 2, 2013 (“fiscal 2013”), as filed with the Securities and Exchange Commission (“SEC”) on April 29, 2013.
	Segment Information
	The Company is a premium retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States, through four operating segments: brick and mortar stores, digital (which includes internet, mobile and tablet), shops within department stores, and The Running Specialty Group (“Running Specialty”). Given the similar economic characteristics of brick and mortar stores, digital, and shops within department stores, which include a similar nature of products sold, type of customer, and method of distribution, and Running Specialty being immaterial, the Company’s operating segments are aggregated into one reportable segment. The following table sets forth net sales of the Company by major category for each of the following periods (in thousands):
		Thirteen Weeks Ended (unaudited)
	Category	30-Nov-13				December 1, 2012
	Footwear	$	305,787	84	%	$	240,162	81	%
	Softgoods	58,668		16	%	56,461		19	%
	Total	$	364,455	100	%	$	296,623	100	%
		Thirty-Nine Weeks Ended (unaudited)
	Category	30-Nov-13				1-Dec-12
	Footwear	$	1,010,860	88	%	$	860,421	86	%
	Softgoods	140,678		12	%	140,262		14	%
	Total	$	1,151,538	100	%	$	1,000,683	100	%
	The brick and mortar stores and digital operating segments are collectively referred to as “Finish Line” throughout this document.

Acquisitions_and_Goodwill

Acquisitions and Goodwill	9 Months Ended
	Nov. 30, 2013
Business Combinations [Abstract]	'
Acquisitions and Goodwill	'
	Acquisitions and Goodwill
	On March 29, 2012, GCPI SR LLC (“GCPI”) made a $10.0 million strategic investment in Running Specialty. The Company remained majority owner with a 51% ownership. GCPI has the right to “put” and the Company has the right to “call” after March 4, 2017, under certain circumstances, the remaining 49% interest in Running Specialty at an agreed upon price approximating fair value. Also, as part of the transaction, GCPI issued to the Company a $4.0 million related-party promissory note, which is collateralized with GCPI’s interest in Running Specialty, due March 31, 2021 or earlier depending on certain stipulated events in the control of GCPI. The promissory note calls for interest payments based in part on a fixed rate and in part on participation in the value of other investments held by GCPI. The balance of the promissory note is $4.1 million, at November 30, 2013, and includes accrued interest and has been netted against the “redeemable noncontrolling interest.”
	During the thirty-nine weeks ended November 30, 2013, the Company completed three individually immaterial acquisitions for total consideration of $11.8 million, net of cash acquired, which were funded through the Company's existing cash. In addition to the cash consideration, the transactions included aggregate contingent consideration with an estimated fair value of $0.5 million, which is included within other long-term liabilities. The Company determined the estimated fair value based on discounted cash flow analyses and estimates made by management. The entities acquired operated 13 specialty running shops in Ohio, Kentucky, Indiana and Colorado. In connection with these acquisitions, the Company recorded goodwill of $10.0 million during the thirty-nine weeks ended November 30, 2013. Goodwill is deductible for U.S. federal income tax purposes.
	The Company allocated the aggregated purchase price based upon the tangible and intangible assets acquired, net of liabilities. The allocation of the purchase price for acquisitions is detailed below (in thousands):
		Allocation of
		Purchase Price
	Goodwill	$	10,035
	Tangible assets, net of liabilities	2,246
	Contingent consideration	(450		)
	Total purchase price	$	11,831
	During the fifty-two weeks ended March 2, 2013, the Company completed two individually immaterial acquisitions for total consideration of $4.2 million, net of cash acquired, which operated six specialty running shops in Texas and Virginia. In connection with these acquisitions, the company recorded goodwill of $5.4 million during the fifty-two weeks ended March 2, 2013.
	The Company allocated the aggregated purchase price based upon the tangible and intangible assets acquired, net of liabilities. The allocation of the purchase price is detailed below (in thousands):
		Allocation of
		Purchase Price
	Goodwill	$	5,385
	Tangible assets, net of liabilities	299
	Contingent consideration	(1,453		)
	Total purchase price	$	4,231
	A reconciliation of goodwill is detailed below (in thousands):
		Goodwill
	Balance as of March 3, 2012:	$	8,503
	Acquisitions	5,385
	Balance as of March 2, 2013:	13,888
	Acquisitions	10,035
	Other	112
	Balance as of November 30, 2013:	$	24,035

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Nov. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	Fair value measurements are determined based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants exclusive of any transaction costs. The Company utilizes a fair value hierarchy based upon the observability of inputs used in valuation techniques as follows:
	Level 1:		Observable inputs such as quoted prices in active markets;
	Level 2:		Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
	Level 3:		Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
	The following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis (in thousands):
			At November 30, 2013						At December 1, 2012						At March 2, 2013
			Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
	Assets
	Non-qualified deferred compensation plan		$	5,693	$	—	$	—	$	4,691	$	—	$	—	$	4,940	$	—	$	—
	Liabilities
	Contingent consideration liability		$	—	$	—	$	1,903	$	—	$	—	$	3,621	$	—	$	—	$	1,453
	Included in Level 1 assets are mutual fund investments under a nonqualified deferred compensation plan. The Company estimates the fair value of these investments on a recurring basis using readily available market prices.
	The Company has two liabilities that are measured at fair value on a recurring basis related to the contingent consideration for $1.9 million.  The liabilities are adjusted to fair value each reporting period. The categorization of the framework used to price the liabilities is considered Level 3, due to the subjective nature of the unobservable inputs used to determine the fair values.
	There were no transfers into or out of Level 1, Level 2 or Level 3 assets or liabilities for any of the periods presented.
	Level 3 Valuation Techniques
	Financial assets and liabilities are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.
	The following table provides a reconciliation of the Company’s Level 3 contingent consideration liabilities during the thirty-nine weeks ended November 30, 2013:
	(in thousands)	Level 3
		Liabilities
	Balance as of March 2, 2013	$	1,453
	Contingent consideration from acquisition	450
	Balance as of November 30, 2013	$	1,903
	The Company has certain assets that are measured at fair value on a non-recurring basis and are adjusted to fair value under certain circumstances that include those described in Note 8, Impairment Charges. The categorization used to price the assets is considered a Level 3 measurement due to the subjective nature of the unobservable inputs used to determine the fair value.

Debt_Agreement

Debt Agreement	9 Months Ended
	Nov. 30, 2013
Debt Disclosure [Abstract]	'
Debt Agreement	'
	Debt Agreement
	On November 30, 2012, the Company entered into an unsecured $100 million Amended and Restated Revolving Credit Facility Credit Agreement (the “Amended Credit Agreement”) with certain Lenders, which expires on November 30, 2017. The Amended Credit Agreement provides that, under certain circumstances, the Company may increase the maximum amount of the credit facility in an aggregate principal amount not to exceed $200 million. The Amended Credit Agreement will be used by the Company, among other things, to issue letters of credit, support working capital needs, fund capital expenditures and other general corporate purposes.
	Approximately $2.5 million in stand-by letters of credit were outstanding as of November 30, 2013 under the Amended Credit Agreement. No advances were outstanding under the Amended Credit Agreement as of November 30, 2013. Accordingly, the total revolving credit availability under the Amended Credit Agreement was $97.5 million as of November 30, 2013.
	The Company’s ability to borrow monies in the future under the Amended Credit Agreement is subject to certain conditions, including compliance with certain covenants and making certain representations and warranties. The Amended Credit Agreement contains restrictive covenants that limit, among other things, mergers and acquisitions. In addition, the Company must maintain a maximum leverage ratio (as defined in the Amended Credit Agreement) and minimum consolidated tangible net worth (as defined in the Amended Credit Agreement). The Company was in compliance with all such covenants as of November 30, 2013.
	The Amended Credit Agreement pricing grid is adjusted quarterly and is based on the Company’s leverage ratio (as defined in the Amended Credit Agreement). The minimum pricing is LIBOR plus 0.90% or Base Rate (as defined in the Amended Credit Agreement) and the maximum pricing is LIBOR plus 1.75% or Base Rate plus 0.75%. The Company is subject to an unused commitment fee based on the Company’s leverage ratio with minimum pricing of 0.10% and maximum pricing of 0.25%. In addition, the Company is subject to a letter of credit fee based on the Company’s leverage ratio with minimum pricing of 0.40% and maximum pricing of 1.25%.

StartUp_Costs

Start-Up Costs	9 Months Ended
	Nov. 30, 2013
Extraordinary and Unusual Items [Abstract]	'
Start-Up Costs	'
	Start-Up Costs
	The Company entered into a department license agreement and an on-line shop license agreement (the “Agreements”) with Macy’s, Inc. (“Macy’s”) whereby the Company will be the exclusive provider of men’s, women’s, and kid’s athletic shoes (“Athletic Shoes”) within Macy’s stores and macys.com. The Company will merchandise and fulfill inventory at all of Macy’s locations, and perform in-store build out and staffing at up to approximately 450 of Macy’s locations. The Company has incurred start-up costs to accommodate a conversion of Macy’s Athletic Shoes assortments to Finish Line platforms. The Company took full control of Macy’s Athletic Shoes inventory at Macy’s department store locations as of April 14, 2013 and macys.com as of May 14, 2013. As a part of the conversion, the Company agreed to purchase certain of Macy’s Athletic Shoes at Macy’s original cost.
	The charges from start-up costs related to the Agreements with Macy’s includes the following: freight and handling of inventory from Macy’s to the Company; leased warehouse space at a third party for sorting; and inventory reserves established for inventory purchased from Macy’s to record at the lower of cost or market.
	For the thirty-nine weeks ended November 30, 2013, the Company incurred $5.8 million in start-up costs through “Cost of sales” and $2.2 million within “Selling, general and administrative expenses” within the Consolidated Statements of Operations for a combined $8.0 million. No start-up costs were incurred during the thirteen weeks ended November 30, 2013 or for the thirteen and thirty-nine weeks ended December 1, 2012.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Nov. 30, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	Basic earnings per share is calculated by dividing net income attributable to the Company’s common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share attributable to the Company’s common shareholders assumes the issuance of additional shares of common stock by the Company upon exercise of all outstanding stock options and contingently issuable securities if the effect is dilutive, in accordance with the treasury stock method or two class method (whichever is more dilutive) discussed in Accounting Standards Codification (“ASC”) 260-10, “Earnings Per Share”.
	ASC 260-10 requires the inclusion of restricted stock as participating securities, as they have the right to share in dividends, if declared, equally with common shareholders. During periods of net income, participating securities are allocated a proportional share of net income attributable to the Company’s common shareholders determined by dividing total weighted average participating securities by the sum of total weighted average common shares and participating securities (“the two-class method”). During periods of net loss, no effect is given to participating securities since they do not share in the losses of the Company. Participating securities have the effect of diluting both basic and diluted earnings per share attributable to the Company’s common shareholders during periods of net income.
	The following is a reconciliation of the numerators and denominators used in computing earnings per share attributable to the Company’s common shareholders (in thousands, except per share amounts):
			Thirteen Weeks Ended					Thirty-Nine Weeks Ended
			(unaudited)					(unaudited)
			November 30,		December 1,			November 30,		December 1,
			2013		2012			2013		2012
	Net income (loss) attributable to The Finish Line, Inc.		$	2,318	$	(107	)	$	33,900	$	37,144
	Net income attributable to participating securities		28		—			405		312
	Net income (loss) available to The Finish Line, Inc. shareholders		$	2,290	$	(107	)	$	33,495	$	36,832
	Basic earnings per share:
	Weighted-average number of common shares outstanding		48,330		49,949			48,313		50,277
	Basic earnings per share		$	0.05	$	—		$	0.69	$	0.73
	Diluted earnings per share:
	Weighted-average number of common shares outstanding		48,330		49,949			48,313		50,277
	Stock options(a)		379		—			420		700
	Diluted weighted-average number of common shares outstanding		48,709		49,949			48,733		50,977
	Diluted earnings per share		$	0.05	$	—		$	0.69	$	0.72
	(a)	The computation of diluted earnings per share excludes options to purchase approximately 1.0 million shares of common stock in the thirteen weeks ended November 30, 2013 and 1.2 million and 0.8 million shares of common stock in the thirty-nine weeks ended November 30, 2013 and December 1, 2012, respectively, because the impact of such options would have been anti-dilutive.

Common_Stock

Common Stock	9 Months Ended
	Nov. 30, 2013
Equity [Abstract]	'
Common Stock	'
	Common Stock
	On July 21, 2011, the Company’s Board of Directors authorized a stock repurchase program (the “2011 stock repurchase program”) to repurchase up to 5,000,000 shares of the Company’s common stock outstanding through December 31, 2014. On January 3, 2013, the Company’s Board of Directors amended the 2011 stock repurchase program (the “Amended Program”) and authorized the repurchase of an additional 5,000,000 shares of the Company’s common stock, which authorization shall expire on December 31, 2017.
	The Company purchased 815,877 shares at an average price of $21.43 per share for an aggregate amount of $17.5 million during the thirty-nine weeks ended November 30, 2013. As of November 30, 2013, there were 4,104,464 shares remaining available to repurchase under the Amended Program.
	The Company’s treasury shares may be issued upon the exercise of employee stock options, issuance of shares for the Employee Stock Purchase Plan, issuance of restricted stock, or for other corporate purposes. Further purchases will occur from time to time as market conditions warrant and as the Company deems appropriate when judged against other alternative uses of cash.
	On October 16, 2013, the Company announced a quarterly cash dividend of $0.07 per share of the Company’s common stock. The Company declared dividends of $3.4 million during the thirteen weeks ended November 30, 2013. The cash dividends of $3.4 million were paid on December 13, 2013 to shareholders of record on November 29, 2013 and were included as of November 30, 2013 in “Other liabilities and accrued expenses” on the Company’s consolidated balance sheet. Further declarations of dividends remain at the discretion of the Company’s Board of Directors.

Impairment_Charges

Impairment Charges	9 Months Ended
	Nov. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Impairment Charges	'
	Impairment Charges
	An impairment charge of $0.8 million for the thirteen and thirty-nine weeks ended November 30, 2013 was recorded for the write-off of obsolete store technology assets. The asset impairment charge for the obsolete store technology assets was calculated as the difference between the carrying amount of the impaired assets and their estimated future discounted cash flows.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Demandware, Inc. (“Plaintiff”) filed an action against the Company in the United States District Court for the Southern District of New York on or about August 12, 2013, alleging breach of contract as it relates to the parties’ engagement to replace Finish Line’s web commerce platform. The viability of the claim is uncertain and a counterclaim against the Plaintiff has been filed. Plaintiff’s lawsuit seeks $6.6 million in alleged damages, as well as costs and attorney fees and other specified relief to be determined by the court. The possible range of loss for such contingency varies from zero to the extent of any judgment which may be rendered by the court. The Company intends to vigorously defend itself in this matter. The Company does not believe this matter is likely to have a material adverse impact on its consolidated results of operations, liquidity, or financial condition.
	The Company is subject, from time to time, to certain legal proceedings and claims in the ordinary course of conducting its business. Although it is not possible to predict with certainty the eventual outcome of any litigation, in the opinion of management, the Company’s legal proceedings are not expected to have a material adverse impact on its consolidated results of operations, liquidity, or financial condition.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Nov. 30, 2013
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited consolidated financial statements of The Finish Line, Inc., along with its consolidated subsidiaries (individually and collectively referred to as the “Company”), 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 and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. Preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation, have been included. Intercompany accounts and transactions have been eliminated in consolidation.
	The Company has experienced, and expects to continue to experience, significant variability in sales, net income and merchandise inventories from reporting period to reporting period. Therefore, the results of the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year.
	These financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended March 2, 2013 (“fiscal 2013”), as filed with the Securities and Exchange Commission (“SEC”) on April 29, 2013.
Segment Information	'
	Segment Information
	The Company is a premium retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States, through four operating segments: brick and mortar stores, digital (which includes internet, mobile and tablet), shops within department stores, and The Running Specialty Group (“Running Specialty”). Given the similar economic characteristics of brick and mortar stores, digital, and shops within department stores, which include a similar nature of products sold, type of customer, and method of distribution, and Running Specialty being immaterial, the Company’s operating segments are aggregated into one reportable segment. The following table sets forth net sales of the Company by major category for each of the following periods (in thousands):
		Thirteen Weeks Ended (unaudited)
	Category	30-Nov-13				December 1, 2012
	Footwear	$	305,787	84	%	$	240,162	81	%
	Softgoods	58,668		16	%	56,461		19	%
	Total	$	364,455	100	%	$	296,623	100	%
		Thirty-Nine Weeks Ended (unaudited)
	Category	30-Nov-13				1-Dec-12
	Footwear	$	1,010,860	88	%	$	860,421	86	%
	Softgoods	140,678		12	%	140,262		14	%
	Total	$	1,151,538	100	%	$	1,000,683	100	%
	The brick and mortar stores and digital operating segments are collectively referred to as “Finish Line” throughout this document.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Nov. 30, 2013
Accounting Policies [Abstract]	'
Net Sales by Major Category	'
	The following table sets forth net sales of the Company by major category for each of the following periods (in thousands):
		Thirteen Weeks Ended (unaudited)
	Category	30-Nov-13				December 1, 2012
	Footwear	$	305,787	84	%	$	240,162	81	%
	Softgoods	58,668		16	%	56,461		19	%
	Total	$	364,455	100	%	$	296,623	100	%
		Thirty-Nine Weeks Ended (unaudited)
	Category	30-Nov-13				1-Dec-12
	Footwear	$	1,010,860	88	%	$	860,421	86	%
	Softgoods	140,678		12	%	140,262		14	%
	Total	$	1,151,538	100	%	$	1,000,683	100	%

Acquisitions_and_Goodwill_Tabl

Acquisitions and Goodwill (Tables)	9 Months Ended
	Nov. 30, 2013
Business Combinations [Abstract]	'
Allocation of Purchase Price	'
	The allocation of the purchase price is detailed below (in thousands):
		Allocation of
		Purchase Price
	Goodwill	$	5,385
	Tangible assets, net of liabilities	299
	Contingent consideration	(1,453		)
	Total purchase price	$	4,231
	The allocation of the purchase price for acquisitions is detailed below (in thousands):
		Allocation of
		Purchase Price
	Goodwill	$	10,035
	Tangible assets, net of liabilities	2,246
	Contingent consideration	(450		)
	Total purchase price	$	11,831
Reconciliation of Goodwill	'
	A reconciliation of goodwill is detailed below (in thousands):
		Goodwill
	Balance as of March 3, 2012:	$	8,503
	Acquisitions	5,385
	Balance as of March 2, 2013:	13,888
	Acquisitions	10,035
	Other	112
	Balance as of November 30, 2013:	$	24,035

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 30, 2013
Fair Value Disclosures [Abstract]	'
Summary of Recognized Assets and Liabilities	'
	The following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis (in thousands):
			At November 30, 2013						At December 1, 2012						At March 2, 2013
			Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
	Assets
	Non-qualified deferred compensation plan		$	5,693	$	—	$	—	$	4,691	$	—	$	—	$	4,940	$	—	$	—
	Liabilities
	Contingent consideration liability		$	—	$	—	$	1,903	$	—	$	—	$	3,621	$	—	$	—	$	1,453
Schedule of Reconciliation of Company's Level 3 Contingent Consideration Liabilities	'
	The following table provides a reconciliation of the Company’s Level 3 contingent consideration liabilities during the thirty-nine weeks ended November 30, 2013:
	(in thousands)	Level 3
		Liabilities
	Balance as of March 2, 2013	$	1,453
	Contingent consideration from acquisition	450
	Balance as of November 30, 2013	$	1,903

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Nov. 30, 2013
Earnings Per Share [Abstract]	'
Reconciliation of Numerators and Denominators used in Computing Earnings Per Share	'
	The following is a reconciliation of the numerators and denominators used in computing earnings per share attributable to the Company’s common shareholders (in thousands, except per share amounts):
			Thirteen Weeks Ended					Thirty-Nine Weeks Ended
			(unaudited)					(unaudited)
			November 30,		December 1,			November 30,		December 1,
			2013		2012			2013		2012
	Net income (loss) attributable to The Finish Line, Inc.		$	2,318	$	(107	)	$	33,900	$	37,144
	Net income attributable to participating securities		28		—			405		312
	Net income (loss) available to The Finish Line, Inc. shareholders		$	2,290	$	(107	)	$	33,495	$	36,832
	Basic earnings per share:
	Weighted-average number of common shares outstanding		48,330		49,949			48,313		50,277
	Basic earnings per share		$	0.05	$	—		$	0.69	$	0.73
	Diluted earnings per share:
	Weighted-average number of common shares outstanding		48,330		49,949			48,313		50,277
	Stock options(a)		379		—			420		700
	Diluted weighted-average number of common shares outstanding		48,709		49,949			48,733		50,977
	Diluted earnings per share		$	0.05	$	—		$	0.69	$	0.72
	(a)	The computation of diluted earnings per share excludes options to purchase approximately 1.0 million shares of common stock in the thirteen weeks ended November 30, 2013 and 1.2 million and 0.8 million shares of common stock in the thirty-nine weeks ended November 30, 2013 and December 1, 2012, respectively, because the impact of such options would have been anti-dilutive.

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended
	Nov. 30, 2013
	Segment
Accounting Policies [Abstract]	'
Number of operating segments	4
Number of reportable segments	1

Net_Sales_by_Major_Category_De

Net Sales by Major Category (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2013	Dec. 01, 2012	Nov. 30, 2013	Dec. 01, 2012
Revenue, Major Customer [Line Items]	'	'	'	'
Net sales	$364,455	$296,623	$1,151,538	$1,000,683
Percentage of net sales	100.00%	100.00%	100.00%	100.00%
Operating Segments | Footwear	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Net sales	305,787	240,162	1,010,860	860,421
Percentage of net sales	84.00%	81.00%	88.00%	86.00%
Operating Segments | Softgoods	'	'	'	'
Revenue, Major Customer [Line Items]	'	'	'	'
Net sales	$58,668	$56,461	$140,678	$140,262
Percentage of net sales	16.00%	19.00%	12.00%	14.00%

Acquisitions_and_Goodwill_Addi

Acquisitions and Goodwill - Additional Information (Detail) (USD $)	9 Months Ended
	Nov. 30, 2013	Mar. 02, 2013	Dec. 01, 2012	Mar. 29, 2012	Mar. 03, 2012
Business Acquisition [Line Items]	'	'	'	'	'
Strategic investment in Running Specialty	'	'	'	$10,000,000	'
Ownership interest in Running Specialty	'	'	'	51.00%	'
Remaining ownership interest in Running Specialty	'	'	'	49.00%	'
Related-party promissory note receivable	4,100,000	'	'	4,000,000	'
Due date of related-party promissory notes	31-Mar-21	'	'	'	'
Contingent consideration estimated fair value	1,900,000	'	'	'	'
Goodwill	24,035,000	13,888,000	14,763,000	'	8,503,000
Individually Immaterial Acquisitions [Member]	'	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'	'
Purchase price to acquire entity	11,831,000	4,231,000	'	'	'
Contingent consideration estimated fair value	500,000	'	'	'	'
Number of running stores	13	6	'	'	'
Goodwill	$10,035,000	$5,385,000	'	'	'

Allocation_of_Purchase_Price_D

Allocation of Purchase Price (Detail) (USD $)	Nov. 30, 2013	Mar. 02, 2013	Dec. 01, 2012	Mar. 03, 2012
In Thousands, unless otherwise specified
Business Acquisition [Line Items]	'	'	'	'
Goodwill	$24,035	$13,888	$14,763	$8,503
Individually Immaterial Acquisitions [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Goodwill	10,035	5,385	'	'
Tangible assets, net of liabilities	2,246	299	'	'
Contingent consideration	-450	-1,453	'	'
Total purchase price	$11,831	$4,231	'	'

Reconciliation_of_Goodwill_Det

Reconciliation of Goodwill (Detail) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2013	Mar. 02, 2013	Dec. 01, 2012
Goodwill [Roll Forward]	'	'	'
Beginning balance	$13,888	$8,503	$14,763
Acquisitions	10,035	5,385	'
Other	112	'	'
Ending balance	$24,035	$13,888	$14,763

Summary_of_Recognized_Assets_a

Summary of Recognized Assets and Liabilities (Detail) (USD $)	Nov. 30, 2013	Mar. 02, 2013	Dec. 01, 2012
In Thousands, unless otherwise specified
Level 1 | Non-qualified deferred compensation plan	'	'	'
Assets	'	'	'
Total Assets	$5,693	$4,940	$4,691
Level 1 | Contingent consideration liability	'	'	'
Liabilities	'	'	'
Total Liabilities	0	0	0
Level 2 | Non-qualified deferred compensation plan	'	'	'
Assets	'	'	'
Total Assets	0	0	0
Level 2 | Contingent consideration liability	'	'	'
Liabilities	'	'	'
Total Liabilities	0	0	0
Level 3 | Non-qualified deferred compensation plan	'	'	'
Assets	'	'	'
Total Assets	0	0	0
Level 3 | Contingent consideration liability	'	'	'
Liabilities	'	'	'
Total Liabilities	$1,903	$1,453	$3,621

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (USD $)	Nov. 30, 2013
In Millions, unless otherwise specified
Fair Value Disclosures [Abstract]	'
Contingent consideration estimated fair value	$1.90

Schedule_of_Reconciliation_of_

Schedule of Reconciliation of Company's Level 3 Contingent Consideration Liabilities (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2013
Business Acquisition, Contingent Consideration [Line Items]	'
Balance as of August 31, 2013	$1,900
Level 3	'
Business Acquisition, Contingent Consideration [Line Items]	'
Balance as of March 2, 2013	1,453
Contingent consideration from acquisition	450
Balance as of August 31, 2013	$1,903

Debt_Agreement_Additional_Info

Debt Agreement - Additional Information (Detail) (USD $)	9 Months Ended			1 Months Ended
In Millions, unless otherwise specified	Dec. 01, 2012	Dec. 01, 2012	Dec. 01, 2012	Nov. 30, 2012	Nov. 30, 2013
		Minimum	Maximum	Amended Credit Agreement	Amended Credit Agreement
Debt Disclosure [Line Items]	'	'	'	'	'
Unsecured revolving credit facility, maximum borrowing capacity	'	'	'	$100	'
Revolving credit facility agreement, expiration date	'	'	'	30-Nov-17	'
Increase in credit facility maximum borrowing capacity	'	'	'	200	'
Stand-by letters of credit	'	'	'	'	2.5
Revolving credit facility available for borrowing	'	'	'	'	$97.50
Revolving credit facility, LIBOR rate	'	0.90%	1.75%	'	'
Revolving credit facility, base rate	'	'	0.75%	'	'
Revolving credit facility, commitment fee percentage	'	0.10%	0.25%	'	'
Revolving credit facility, letter of credit fee percentage	'	0.40%	1.25%	'	'
Revolving credit facility commitment fee description	'The Amended Credit Agreement pricing grid is adjusted quarterly and is based on the Company’s leverage ratio (as defined in the Amended Credit Agreement). The minimum pricing is LIBOR plus 0.90% or Base Rate (as defined in the Amended Credit Agreement) and the maximum pricing is LIBOR plus 1.75% or Base Rate (as defined in the Amended Credit Agreement) plus 0.75%. The Company is subject to an unused commitment fee based on the Company’s leverage ratio with minimum pricing of 0.10% and maximum pricing of 0.25%. In addition, the Company is subject to a letter of credit fee based on the Company’s leverage ratio with minimum pricing of 0.40% and maximum pricing of 1.25%.	'	'	'	'

StartUp_Costs_Additional_Infor

Start-Up Costs - Additional Information (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Nov. 30, 2013
Segment Reporting Information [Line Items]	'
Start-up costs	$8
Maximum	'
Segment Reporting Information [Line Items]	'
Number of locations	450
Cost of Sales	'
Segment Reporting Information [Line Items]	'
Start-up costs	5.8
Selling, General and Administrative Expenses	'
Segment Reporting Information [Line Items]	'
Start-up costs	$2.20

Reconciliation_of_Numerators_a

Reconciliation of Numerators and Denominators used in Computing Earnings Per Share (Detail) (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 30, 2013		Dec. 01, 2012		Nov. 30, 2013		Dec. 01, 2012
Earnings Per Share [Abstract]	'		'		'		'
Net income (loss) attributable to The Finish Line, Inc.	$2,318		($107)		$33,900		$37,144
Net income attributable to participating securities	28		0		405		312
Net income (loss) available to The Finish Line, Inc. shareholders	$2,290		($107)		$33,495		$36,832
Basic earnings per share:	'		'		'		'
Weighted-average number of common shares outstanding	48,330		49,949		48,313		50,277
Basic earnings per share (in dollars per share)	$0.05		$0		$0.69		$0.73
Diluted earnings per share:	'		'		'		'
Weighted-average number of common shares outstanding	48,330		49,949		48,313		50,277
Stock options	379	[1]	0	[1]	420	[1]	700	[1]
Diluted weighted-average number of common shares outstanding	48,709		49,949		48,733		50,977
Diluted earnings per share (in dollars per share)	$0.05		$0		$0.69		$0.72
[1]	The computation of diluted earnings per share excludes options to purchase approximately 1.0 million shares of common stock in the thirteen weeks ended November 30, 2013 and 1.2 million and 0.8 million shares of common stock in the thirty-nine weeks ended November 30, 2013 and December 1, 2012, respectively, because the impact of such options would have been anti-dilutive.

Reconciliation_of_Numerators_a1

Reconciliation of Numerators and Denominators used in Computing Earnings Per Share (Parenthetical) (Detail)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Nov. 30, 2013	Nov. 30, 2013	Dec. 01, 2012
Earnings Per Share [Abstract]	'	'	'
Antidilutive shares excluded from computation of diluted earnings per share	1	1.2	0.8

Common_Stock_Additional_Inform

Common Stock - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended		0 Months Ended	9 Months Ended		0 Months Ended		0 Months Ended
In Millions, except Share data, unless otherwise specified	Oct. 16, 2013	Nov. 30, 2013	Dec. 01, 2012	Nov. 30, 2013	Dec. 01, 2012	Jul. 21, 2011	Nov. 30, 2013	Jul. 21, 2011	Jan. 03, 2013	Nov. 30, 2013	Dec. 13, 2013
							Jul. 21, 2011	Maximum	Repurchase Of Equity	Repurchase Of Equity	Subsequent Event
									Jul. 21, 2011	Jul. 21, 2011
Class of Stock [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Stock repurchase program, shares authorized to be repurchased	'	'	'	'	'	'	'	5,000,000	5,000,000	'	'
Stock repurchase program, expiration date	'	'	'	'	'	31-Dec-14	'	'	31-Dec-17	'	'
Treasury stock purchased (in shares)	'	'	'	'	'	'	815,877	'	'	'	'
Stock repurchase program, average price per share	'	'	'	'	'	'	$21.43	'	'	'	'
Treasury stock purchased	'	'	'	'	'	'	$17.50	'	'	'	'
Stock repurchase program, shares available to repurchase	'	'	'	'	'	'	'	'	'	4,104,464	'
Common stock dividends declared per share	$0.07	$0.07	$0.06	$0.21	$0.18	'	'	'	'	'	'
Common stock dividend declared	'	3.4	'	'	'	'	'	'	'	'	'
Common stock dividends payment	'	'	'	'	'	'	'	'	'	'	$3.40
Dividend payable , date of payment	'	'	'	13-Dec-13	'	'	'	'	'	'	'
Dividend payable , date of record	'	'	'	29-Nov-13	'	'	'	'	'	'	'

Impairment_Charges_Details

Impairment Charges (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2013	Dec. 01, 2012	Nov. 30, 2013	Dec. 01, 2012
Goodwill and Intangible Assets Disclosure [Abstract]	'	'	'	'
Impairment charges	$841	$0	$841	$0

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	9 Months Ended
	Nov. 30, 2013
Loss Contingencies [Line Items]	'
Loss on contingencies	$6,600,000
Minimum	'
Loss Contingencies [Line Items]	'
Possible range of loss	$0