Shoe Carnival (SCVL) 10-Q 8 Dec 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2015	Dec. 07, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Entity Registrant Name	SHOE CARNIVAL INC
Entity Central Index Key	895,447
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		19,952,300

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Current Assets:
Cash and cash equivalents	$ 49,035	$ 61,376	$ 29,089
Accounts receivable	2,665	2,928	2,954
Merchandise inventories	318,878	287,877	317,865
Deferred income taxes	1,236	957	794
Other	5,611	5,991	4,742
Total Current Assets	377,425	359,129	355,444
Property and equipment-net	106,374	101,294	101,362
Deferred income taxes	5,655	4,227	8,085
Other noncurrent assets	348	366	384
Total Assets	489,802	465,016	465,275
Current Liabilities:
Accounts payable	75,006	67,999	70,831
Accrued and other liabilities	18,129	15,123	17,165
Total Current Liabilities	93,135	83,122	87,996
Deferred lease incentives	30,595	29,908	28,383
Accrued rent	11,221	10,505	10,318
Deferred compensation	9,892	9,901	9,616
Other	424	382	250
Total Liabilities	145,267	133,818	136,563
Shareholders' Equity:
Common stock, $.01 par value, 50,000,000 shares authorized, 20,604,178 shares, 20,673,234 shares and 20,673,234 shares issued, respectively	206	207	207
Additional paid-in capital	65,807	67,389	66,771
Retained earnings	291,419	270,686	268,929
Treasury stock, at cost, 576,724 shares, 380,890 shares and 387,268 shares, respectively	(12,897)	(7,084)	(7,195)
Total Shareholders' Equity	344,535	331,198	328,712
Total Liabilities and Shareholders' Equity	$ 489,802	$ 465,016	$ 465,275

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Common stock, par value per share	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000	50,000,000
Common stock, shares issued	20,604,178	20,673,234	20,673,234
Treasury shares, shares	576,724	380,890	387,268

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Net sales	$ 269,713	$ 254,687	$ 750,302	$ 712,530
Cost of sales (including buying, distribution and occupancy costs)	188,396	177,922	528,022	503,964
Gross profit	81,317	76,765	222,280	208,566
Selling, general and administrative expenses	66,144	58,973	182,200	171,301
Operating income	15,173	17,792	40,080	37,265
Interest income	(2)	(2)	(36)	(11)
Interest expense	42	41	126	124
Income before income taxes	15,133	17,753	39,990	37,152
Income tax expense	5,747	6,936	15,391	14,600
Net income	$ 9,386	$ 10,817	$ 24,599	$ 22,552
Net income per share:
Basic	$ 0.47	$ 0.54	$ 1.23	$ 1.12
Diluted	$ 0.47	$ 0.54	$ 1.23	$ 1.12
Weighted average shares:
Basic	19,444	19,716	19,542	19,844
Diluted	19,452	19,729	19,553	19,859
Cash dividends declared per share	$ 0.065	$ 0.06	$ 0.19	$ 0.18

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - 9 months ended Oct. 31, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Balance at Jan. 31, 2015	$ 331,198	$ 207	$ 67,389	$ 270,686	$ (7,084)
Balance, shares at Jan. 31, 2015		20,673			(381)
Stock option exercises	155		(125)		$ 280
Stock option exercises, shares					15
Dividends declared ($0.19 per share)	(3,866)			(3,866)
Stock-based compensation income tax benefit	121		121
Employee stock purchase plan purchases	179		26		$ 153
Employee stock purchase plan purchases, shares					8
Restricted stock awards	0	$ (1)	(3,980)		$ 3,981
Restricted stock awards, shares		(69)			212
Shares surrendered by employees to pay taxes on restricted stock	(46)				$ (46)
Shares surrendered by employees to pay taxes on restricted stock, shares					(2)
Purchase of common stock for treasury	(10,181)				$ (10,181)
Purchase of common stock for treasury, shares					(429)
Stock-based compensation expense	2,376		2,376
Net income	24,599			24,599
Balance at Oct. 31, 2015	$ 344,535	$ 206	$ 65,807	$ 291,419	$ (12,897)
Balance, shares at Oct. 31, 2015		20,604			(577)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical)	Oct. 31, 2015$ / shares
CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY [Abstract]
Dividend declared, amount per share	$ 0.19

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Cash Flows From Operating Activities
Net income	$ 24,599	$ 22,552
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,132	14,713
Stock-based compensation	2,595	292
Loss on retirement and impairment of assets	958	698
Deferred income taxes	(1,707)	(4,245)
Lease incentives	4,116	5,810
Other	(3,597)	(383)
Changes in operating assets and liabilities:
Accounts receivable	55	1,383
Merchandise inventories	(31,001)	(33,064)
Accounts payable and accrued liabilities	9,699	9,144
Other	456	1,327
Net cash provided by operating activities	23,305	18,227
Cash Flows From Investing Activities
Purchases of property and equipment	(22,313)	(27,533)
Proceeds from sale of property and equipment	0	836
Proceeds from notes receivable	250	250
Net cash used in investing activities	(22,063)	(26,447)
Cash Flows From Financing Activities
Proceeds from issuance of stock	335	203
Dividends paid	(3,782)	(3,631)
Excess tax benefits from stock-based compensation	91	35
Purchase of common stock for treasury	(10,181)	(7,533)
Shares surrendered by employees to pay taxes on restricted stock	(46)	(18)
Net cash used in financing activities	(13,583)	(10,944)
Net decrease in cash and cash equivalents	(12,341)	(19,164)
Cash and cash equivalents at beginning of period	61,376	48,253
Cash and Cash Equivalents at End of Period	49,035	29,089
Supplemental disclosures of cash flow information:
Cash paid during period for interest	125	124
Cash paid during period for income taxes	15,561	16,313
Capital expenditures incurred but not yet paid	$ 2,494	$ 1,918

Basis of Presentation

Basis of Presentation	9 Months Ended
	Oct. 31, 2015
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 - Basis of Presentation In our opinion, the accompanying unaudited Condensed Consolidated Financial S tatements and notes have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission ( the "SEC") for interim financial information and contain all normal recurring adjustments necessary to present fairly our financial position and the results of our operations and our cash flows for the periods presented. Certain information and disclosures normally included in the notes to consolidated financial statements have been condensed or omitted according to the rules and regulations of the S EC , although we believe that the disclosures are adequate to make the information presented not misleading. The results of operations for the interim periods are not necessarily indicative of the results to be ex pected for the full year. The unaudited Condensed Consolidated Financial S tatements should be read in conjunction with the audited consolidated financial statements and the notes thereto contained in our Annual Report on Form 10-K for the fiscal year ended January 31 , 201 5 .

Net Income Per Share

Net Income Per Share	9 Months Ended
	Oct. 31, 2015
Net Income Per Share [Abstract]
Net Income Per Share	Note 2 - Net Income Per Share The following tables set forth the computation of basic and diluted earnings per share as shown on the face of the accompanying Condensed Consolidated Statements of Income: Thirteen-Weeks Ended October 31, 2015 November 1, 2014 (In thousands, except per share data) Basic Earnings per Share: Net Shares Per Net Shares Per Net income $ 9,386 $ 10,817 Amount allocated to participating securities (187 ) (202 ) Net income available for basic common shares and basic earnings per share $ 9,199 19,444 $ 0.47 $ 10,615 19,716 $ 0.54 Diluted Earnings per Share: Net income $ 9,386 $ 10,817 Amount allocated to participating securities (187 ) (202 ) Adjustment for dilutive potential common shares 0 8 0 13 Net income available for diluted common shares and diluted earnings per share $ 9,199 19,452 $ 0.47 $ 10,615 19,729 $ 0.54 Thirty-nine Weeks Ended October 31, 2015 November 1, 2014 (In thousands, except per share data) Basic Earnings per Share: Net Shares Per Net Shares Per Net income $ 24,599 $ 22,552 Amount allocated to participating securities (479 ) (405 ) Net income available for basic common shares and basic earnings per share $ 24,120 19,542 $ 1.23 $ 22,147 19,844 $ 1.12 Diluted Earnings per Share: Net income $ 24,599 $ 22,552 Amount allocated to participating securities (479 ) (405 ) Adjustment for dilutive potential common shares 0 11 0 15 Net income available for diluted common shares and diluted earnings per share $ 24,120 19,553 $ 1.23 $ 22,147 19,859 $ 1.12 Our basic and diluted earnings per share are computed using the two-class method. The two-class method is an earnings allocation that determines net income per share for each class of common stock and participating securities according to their participation rights in dividends and undistributed earnings or losses . Non-vested restricted stock awards that include non-forfeitable rights to dividends are considered participating securities. During periods of undistributed losses, however, no effect is given to our participating securities since they do not share in the losses. Per share amounts are computed by dividing net income available to common shareholders by the weighted average shares outstanding during each period. No options to purchase shares of common stock were excluded in the computation of diluted shares for the periods presented.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Oct. 31, 2015
Recently Issued Accounting Pronouncements [Abstract]
Recently Issued Accounting Pronouncements	Note 3 - Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance on the recognition of revenue for all contracts with customers designed to improve comparability and enhance financial statement disclosures. The underlying principle of this comprehensive model is that revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the payment to which the company expects to be entitled in exchange for those goods or services. In August 2015, the FASB subsequently issued guidance which approved a one year deferral of the guidance for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017. Early adoption is permitted as of the original effective date for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. We are evaluating the impact of this guidance on our consolidated financial position, results of operations and cash flows. In April 2015, the FASB issued guidance simplifying the presentation of debt issuance costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. This guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015. In April 2015, the FASB issued guidance on accounting for fees paid in a cloud computing arrangement, which provides guidance to assist entities in determining whether a cloud computing arrangement contains a software license. The guidance states that if a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015. Early adoption is permitted. We are evaluating the impact of this guidance on our consolidated financial position, results of operations and cash flows. In July 2015, the FASB issued guidance on simplifying the measurement of inventory, which is intended to narrow down the alternative methods available for valuing inventory. The new guidance does not apply to inventory currently measured using the last-in-first-out (“LIFO”) or the retail inventory valuation methods. Under the new guidance, inventory valued using other methods, including the first-in-first-out (“FIFO”) method, must be valued at the lower of cost or net realizable value. This guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. Early adoption is permitted. We do not believe the guidance will have a material impact on our consolidated financial position, results of operations and cash flows. In November 2015, the FASB issued guidance which simplifies the classification of deferred taxes by requiring an entity to classify deferred tax liabilities and assets as noncurrent within a classified statement of financial position. This guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. Early adoption is permitted. We are evaluating the impact of this guidance on our consolidated financial position, results of operations and cash flows.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 31, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 4 - Fair Value Measurements The accounting standards related to fair value measurements define fair value and provide a consistent framework for measuring fair value under the authoritative literature. Valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect market assumptions. This guidance only applies when other standards require or permit the fair value measurement of assets and liabilities. The guidance does not expand the use of fair value measurements. A fair value hierarchy was established, which prioritizes the inputs used in measuring fair value into three broad levels. Level 1 – Quoted prices in active markets for identical assets or liabilities; Level 2 – Observable market-based inputs or unobservable inputs that are corroborated by market data; and Level 3 – Significant unobservable inputs that are not corroborated by market data. Generally, these fair value measures are model-based valuation techniques such as discounted cash flows, and are based on the best information available, including our own data. Fair values of our long-lived assets are estimated using an income-based approach and are classified within Level 3 of the valuation hierarchy. The following table presents assets that are measured at fair value on a recurring basis at October 3 1, 2015 , January 31, 2015 an d November 1 , 2014 . We have no material liabilities measured at fair value on a recurring or non-recurring basis. Fair Value Measurements (In thousands) Level 1 Level 2 Level 3 Total As of October 31, 2015: Cash equivalents – money market account $ 5,384 $ 0 $ 0 $ 5,384 As of January 31, 2015: Cash equivalents– money market account $ 5,279 $ 0 $ 0 $ 5,279 As of November 1, 2014: Cash equivalents – money market account $ 5,277 $ 0 $ 0 $ 5,277 The fair values of cash, receivables, accounts payable, accrued expenses and other current liabilities approximate their carrying values because of their short-term nature. From time to time, we measure certain assets at fair value on a non-recurring basis, specifically long-lived assets evaluated for impairment. These are typically store specific assets, which are reviewed for impairment whenever events or changes in circumstances indicate that recoverability of their carrying value is questionable. If the expected future cash flows related to a store's assets are less than their carrying value, an impairment loss would be recognized for the difference between estimated fair value and carrying value and recorded in selling, general and administrative expenses. We estimate the fair value of store assets using an income-based approach considering the cash flows expected over the remaining lease term for each location. These projections are primarily based on management's estimates of store-level sales, gross margins, direct expenses, exercise of future lease renewal options and resulting cash flows and, by their nature, include judgments about how current initiatives will impact future performance. External factors, such as the local environment in which the store resides, including strip-mall traffic and competition, are evaluated in terms of their effect on sales trends. Changes in sales and operating income assumptions or unfavorable changes in external factors can significantly impact the estimated future cash flows. An increase or decrease in the projected cash flow can significantly decrease or increase the fair value of these assets, which would have an effect on the impairment recorded. During the thirteen weeks ended October 31, 2015, long-lived assets held and used with a gross carrying amount of $ 573,000 $ 412,000 161,000 69,000 1.1 891,000 $ 212,000 $ 211,000 4.3 $ 3.3 $ 1.0 $ 1.2 2.1 1.6 510,000 551,000 3.1 2.4 657,000 717,000

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Oct. 31, 2015
Stock-Based Compensation [Abstract]
Share-Based Compensation	Note 5 - Stock-Based Compensation Stock-based compensation includes stock options, cash-settled stock appreciation rights (SARs) and restricted stock awards . Additionally, we recognize stock-based compensation expense for the discount on shares sold to employees through our employee stock purchase plan. For the thirteen and thirty-nine weeks ended October 31, 2015, stock-based compensation expense for the employee stock purchase plan was $ 9,000 3,000 32,000 12,000 for the employee stock purchase plan was $ 8,000 before the income tax benefit of $ 3,000 and $ 28 ,000 before the income tax benefit of $ 11,000 , respectively. The following table summarizes the share transactions for our restricted stock awards : Number of Weighted- Restricted stock at January 31, 2015 705,576 $ 21.49 Granted 212,503 24.43 Vested (4,750 ) 22.30 Forfeited (69,056 ) 21.98 Restricted stock at October 31, 2015 844,273 $ 22.18 The weighted-average grant date fair value of stock awards granted during the thirty-nine week periods ended October 3 1 , 201 5 and November 1, 201 4 was $ 24.43 and $ 25 .55 , respectively. The total fair value at grant date of previously non-vested stock awards that vested during the first nine months of fiscal 2015 was $ 106,000 The total fair value at grant date of previously non-vested stock awards that vested during the first nine of fiscal 201 4 was $ 54,000 . The following section summarizes information regarding stock-based compensation expense recognized for restricted stock awards: (In thousands) Thirteen Thirteen Weeks Ended November 1 , 2014 Thirty-nine Thirty-nine Stock-based compensation expense before the recognized income tax benefit $ 810 $ (1,555) $ 2,344 $ 259 Income tax benefit $ 308 $ (608) $ 902 $ 102 During the third quarter of fiscal 2014, we recognized a $ 1.6 732,000 2.3 As of October 3 1 , 201 5 , approximately $ 9 .7 million of unrecognize d compensation expense remained related to both our performance-based and service-based restricted stock awards. The cost is expected to be recognized over a weighted average period of approximately 2.8 years. This incorporates our current assumptions with respect to the estimated requisite service period required to achieve the designated performance conditions for performance-based stock awards. The following table summarizes the SARs activity: Number of Weighted- Weighted- Outstanding at January 31, 2015 40,375 $ 17.17 Granted 156,175 24.26 Forfeited (2,625 ) 24.26 Exercised (40,375 ) 17.17 Outstanding at October 31, 2015 153,550 $ 24.26 4.38 SARs were granted during the first quarter of fiscal 2015 to certain non-executive employees , such that one-third of the shares underlying the SARs will vest and become fully exercisable on each of the first three five , after which any unexercised SARs will expire . These SARs granted during the first quarter of fiscal 2015 were issued with a defined maximum gain of $ 10.00 24.26 The SARs exercised in the first quarter of fiscal 2015 were the remaining outstanding SARs granted in the first quarter of fiscal 2012. The fair value of these liability awards are remeasured , using a trinomial lattice model, at each reporting period until the date of settlement. Increases or decreases in stock-based compensation expense are recognized over the vesting period, or immediately for vested awards. The weighted-average fair value of outstanding, non-vested SAR awards was $ 3.70 as of October 3 1 , 201 5 . The following table summarizes information regarding stock-based compensation expense recognized for SARs: (In thousands) Thirteen Weeks Ended October 31 , 2015 Thirteen Weeks Ended November 1 , 2014 Thirty-nine Weeks Ended Thirty-nine 2014 Stock-based compensation expense before the recognized income tax benefit $ 24 $ 26 $ 219 $ 5 Income tax benefit $ 9 $ 10 $ 84 $ 2 As of October 31 , 201 5 , approximately $ 358,000 in unrecognized compensation expense remained related to non-vested SARs. This expense is expected to be recognized over a weighted-average period of approximately 1.42 years.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Schedule of the Computation of Basic and Diluted Earnings Per Share	Thirteen-Weeks Ended October 31, 2015 November 1, 2014 (In thousands, except per share data) Basic Earnings per Share: Net Shares Per Net Shares Per Net income $ 9,386 $ 10,817 Amount allocated to participating securities (187 ) (202 ) Net income available for basic common shares and basic earnings per share $ 9,199 19,444 $ 0.47 $ 10,615 19,716 $ 0.54 Diluted Earnings per Share: Net income $ 9,386 $ 10,817 Amount allocated to participating securities (187 ) (202 ) Adjustment for dilutive potential common shares 0 8 0 13 Net income available for diluted common shares and diluted earnings per share $ 9,199 19,452 $ 0.47 $ 10,615 19,729 $ 0.54 Thirty-nine Weeks Ended October 31, 2015 November 1, 2014 (In thousands, except per share data) Basic Earnings per Share: Net Shares Per Net Shares Per Net income $ 24,599 $ 22,552 Amount allocated to participating securities (479 ) (405 ) Net income available for basic common shares and basic earnings per share $ 24,120 19,542 $ 1.23 $ 22,147 19,844 $ 1.12 Diluted Earnings per Share: Net income $ 24,599 $ 22,552 Amount allocated to participating securities (479 ) (405 ) Adjustment for dilutive potential common shares 0 11 0 15 Net income available for diluted common shares and diluted earnings per share $ 24,120 19,553 $ 1.23 $ 22,147 19,859 $ 1.12

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 31, 2015
Fair Value Measurements [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	Fair Value Measurements (In thousands) Level 1 Level 2 Level 3 Total As of October 31, 2015: Cash equivalents – money market account $ 5,384 $ 0 $ 0 $ 5,384 As of January 31, 2015: Cash equivalents– money market account $ 5,279 $ 0 $ 0 $ 5,279 As of November 1, 2014: Cash equivalents – money market account $ 5,277 $ 0 $ 0 $ 5,277

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Restricted Stock Awards Transactions	Number of Weighted- Restricted stock at January 31, 2015 705,576 $ 21.49 Granted 212,503 24.43 Vested (4,750 ) 22.30 Forfeited (69,056 ) 21.98 Restricted stock at October 31, 2015 844,273 $ 22.18
Summary of SARs Activity	Number of Weighted- Weighted- Outstanding at January 31, 2015 40,375 $ 17.17 Granted 156,175 24.26 Forfeited (2,625 ) 24.26 Exercised (40,375 ) 17.17 Outstanding at October 31, 2015 153,550 $ 24.26 4.38
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Compensation Expense	(In thousands) Thirteen Thirteen Weeks Ended November 1 , 2014 Thirty-nine Thirty-nine Stock-based compensation expense before the recognized income tax benefit $ 810 $ (1,555) $ 2,344 $ 259 Income tax benefit $ 308 $ (608) $ 902 $ 102
SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Compensation Expense	(In thousands) Thirteen Weeks Ended October 31 , 2015 Thirteen Weeks Ended November 1 , 2014 Thirty-nine Weeks Ended Thirty-nine 2014 Stock-based compensation expense before the recognized income tax benefit $ 24 $ 26 $ 219 $ 5 Income tax benefit $ 9 $ 10 $ 84 $ 2

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Basic Earnings per Share:
Net income	$ 9,386	$ 10,817	$ 24,599	$ 22,552
Amount allocated to participating securities	(187)	(202)	(479)	(405)
Net income available for basic common shares and basic earnings per share	$ 9,199	$ 10,615	$ 24,120	$ 22,147
Net income available for basic common shares and basic earnings per share, Shares	19,444	19,716	19,542	19,844
Net income available for basic common shares and basic earnings per share, Per Share Amount	$ 0.47	$ 0.54	$ 1.23	$ 1.12
Diluted Earnings per Share:
Net income	$ 9,386	$ 10,817	$ 24,599	$ 22,552
Amount allocated to participating securities	(187)	(202)	(479)	(405)
Adjustment for dilutive potential common shares	$ 0	$ 0	$ 0	$ 0
Adjustment for dilutive potential common shares, Shares	8	13	11	15
Net income available for diluted common shares and diluted earnings per share	$ 9,199	$ 10,615	$ 24,120	$ 22,147
Net income available for diluted common shares and diluted earnings per share, Shares	19,452	19,729	19,553	19,859
Net income available for diluted common shares and diluted earnings per share, Per Share Amount	$ 0.47	$ 0.54	$ 1.23	$ 1.12

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014	Jan. 31, 2015
Fair Value Measurements [Abstract]
Long-lived assets, gross carrying amount	$ 573,000	$ 2,100,000	$ 1,100,000	$ 3,100,000	$ 4,300,000
Long-lived assets, fair value	412,000	1,600,000	891,000	2,400,000	3,300,000
Long-lived assets, impairment charges	161,000	510,000	212,000	657,000	1,000,000
Remaining unamortized basis	$ 69,000	$ 551,000	$ 211,000	$ 717,000	$ 1,200,000

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Assets Measure at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market fund	$ 5,384	$ 5,279	$ 5,277
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market fund	5,384	5,279	5,277
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market fund	0	0	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - money market fund	$ 0	$ 0	$ 0

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)	3 Months Ended			9 Months Ended
	Oct. 31, 2015	May. 02, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense - ESPP	$ 9,000		$ 8,000	$ 32,000	$ 28,000
Income tax benefit - ESPP	3,000		3,000	12,000	11,000
Total fair value of non-vested stock awards				$ 106,000	$ 54,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of awards				$ 24.43	$ 25.55
Reduced share based compensation expense			1,600,000
Compensation expense			732,000
Expense Reversal of Cumulative Prior Period Expense for Performance-based Awards			$ 2,300,000
Unrecognized share-based compensation expense	9,700,000			$ 9,700,000
Unrecognized compensation cost, recognition period				2 years 9 months 18 days
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of awards				$ 3.70
Unrecognized share-based compensation expense	$ 358,000			$ 358,000
Unrecognized compensation cost, recognition period				1 year 5 months 1 day
Vesting percentage		0.33%
Vesting period		3 years
Expiration period		5 years
Defined maximum gain		$ 10
Exercise price		$ 24.26		$ 24.26

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Awards Transactions) (Details) - Restricted Stock Awards [Member] - $ / shares	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Number of Shares
Restricted stock at January 31, 2015	705,576
Granted	212,503
Vested	(4,750)
Forfeited	(69,056)
Restricted stock at October 31, 2015	844,273
Weighted-Average Exercise Price
Restricted stock at January 31, 2015	$ 21.49
Granted	24.43	$ 25.55
Vested	22.30
Forfeited	21.98
Restricted stock at October 31, 2015	$ 22.18

Stock-Based Compensation (Sum21

Stock-Based Compensation (Summary of Restricted Stock Awards and SARs Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before the recognized income tax benefit	$ 810	$ (1,555)	$ 2,344	$ 259
Income tax benefit	308	(608)	902	102
SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before the recognized income tax benefit	24	26	219	5
Income tax benefit	$ 9	$ 10	$ 84	$ 2

Stock-Based Compensation (Sum22

Stock-Based Compensation (Summary of SARs Activity) (Details) - SARs [Member] - $ / shares	3 Months Ended	9 Months Ended
	May. 02, 2015	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at January 31, 2015	40,375	40,375
Granted		156,175
Forfeited		(2,625)
Exercised		(40,375)
Outstanding at October 31, 2015		153,550
Outstanding at January 31, 2015	$ 17.17	$ 17.17
Granted	$ 24.26	24.26
Forfeited		24.26
Exercised		17.17
Outstanding at October 31, 2015		$ 24.26
Outstanding at October 31, 2015		4 years 4 months 17 days