Chico's Fas (CHS) 10-Q 29 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Aug. 02, 2014	Aug. 22, 2014
Document And Entity Information [Abstract]	'	'
Entity Registrant Name	'CHICOS FAS INC	'
Entity Central Index Key	'0000897429	'
Current Fiscal Year End Date	'--01-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	2-Aug-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	152,790,789

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Net Sales:	'	'	'	'
Net sales	$671,130	$649,503	$1,352,735	$1,320,225
Net sales, percent	100.00%	100.00%	100.00%	100.00%
Cost of goods sold	319,658	293,361	618,372	577,239
Cost of goods sold, percent	47.60%	45.20%	45.70%	43.70%
Gross margin	351,472	356,142	734,363	742,986
Gross margin, percent	52.40%	54.80%	54.30%	56.30%
Selling, general and administrative expenses	304,737	286,262	623,786	591,161
Selling, general and administrative expenses, percent	45.40%	44.00%	46.10%	44.70%
Acquisition and integration costs	0	0	0	914
Acquisition and integration costs, percent	0.00%	0.00%	0.00%	0.10%
Income from operations	46,735	69,880	110,577	150,911
Income from operations, percent	7.00%	10.80%	8.20%	11.50%
Interest income (expense), net	-9	108	31	299
Interest income (expense), net, percent	0.00%	0.00%	0.00%	0.00%
Income before income taxes	46,726	69,988	110,608	151,210
Income before income taxes, percent	7.00%	10.80%	8.20%	11.50%
Income tax provision	16,600	26,400	40,600	56,500
Income tax provision, percent	2.50%	4.10%	3.00%	4.30%
Net income	30,126	43,588	70,008	94,710
Net income, percent	4.50%	6.70%	5.20%	7.20%
Per share data:	'	'	'	'
Net income per common share-basic	$0.20	$0.27	$0.46	$0.58
Net income per common and common equivalent share–diluted	$0.20	$0.27	$0.46	$0.58
Weighted average common shares outstanding–basic	148,694	156,589	148,584	157,379
Weighted average common and common equivalent shares outstanding–diluted	149,218	157,573	149,127	158,322
Dividends declared per share	$0.08	$0.06	$0.23	$0.17
Chico's/Soma Intimates [Member]	'	'	'	'
Net Sales:	'	'	'	'
Net sales	431,888	414,734	872,009	839,395
Net sales, percent	64.30%	63.80%	64.40%	63.60%
White House | Black Market [Member]	'	'	'	'
Net Sales:	'	'	'	'
Net sales	213,914	205,090	431,087	425,488
Net sales, percent	31.90%	31.60%	31.90%	32.20%
Boston Proper [Member]	'	'	'	'
Net Sales:	'	'	'	'
Net sales	$25,328	$29,679	$49,639	$55,342
Net sales, percent	3.80%	4.60%	3.70%	4.20%

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$30,126	$43,588	$70,008	$94,710
Other comprehensive income (loss):	'	'	'	'
Unrealized losses on marketable securities, net of taxes	-24	-88	-52	-151
Foreign currency translation adjustment, net of taxes	6	0	-3	0
Comprehensive income	$30,108	$43,500	$69,953	$94,559

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Aug. 02, 2014	Feb. 01, 2014	Aug. 03, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'	'
Cash and cash equivalents	$114,387	$36,444	$93,417
Marketable securities, at fair value	94,276	116,002	208,434
Inventories	238,072	238,145	211,148
Prepaid expenses and other current assets	50,744	50,698	57,492
Total Current Assets	497,479	441,289	570,491
Property and Equipment, net	635,651	631,050	622,708
Other Assets:	'	'	'
Goodwill	171,427	171,427	238,693
Other intangible assets, net	116,017	118,196	125,988
Other assets, net	10,828	9,229	8,212
Total Other Assets	298,272	298,852	372,893
Total Assets	1,431,402	1,371,191	1,566,092
Current Liabilities:	'	'	'
Accounts payable	156,091	131,254	139,727
Other current and deferred liabilities	140,545	142,073	140,197
Total Current Liabilities	296,636	273,327	279,924
Noncurrent Liabilities:	'	'	'
Deferred liabilities	141,704	138,874	141,708
Deferred taxes	47,441	49,887	51,018
Total Noncurrent Liabilities	189,145	188,761	192,726
Stockholders’ Equity:	'	'	'
Preferred stock	0	0	0
Common stock	1,530	1,522	1,609
Additional paid-in capital	393,031	382,088	366,032
Retained earnings	551,003	525,381	725,736
Accumulated other comprehensive income	57	112	65
Total Stockholders’ Equity	945,621	909,103	1,093,442
Total liabilities and stockholders' equity	$1,431,402	$1,371,191	$1,566,092

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013
Cash Flows From Operating Activities:	'	'
Net income	$70,008	$94,710
Adjustments to reconcile net income to net cash provided by operating activities —	'	'
Depreciation and amortization	60,373	58,628
Deferred tax (benefit) expense	-4,443	3,556
Stock-based compensation expense	12,684	14,304
Excess tax benefit from stock-based compensation	-1,196	-1,437
Deferred rent and lease credits	-9,221	-8,602
Loss on disposal and impairment of property and equipment	209	753
Changes in assets and liabilities:	'	'
Inventories	73	-4,299
Prepaid expenses and other assets	-1,645	-2,568
Accounts payable	13,346	1,483
Accrued and other liabilities	12,952	-13,491
Net cash provided by operating activities	153,140	143,037
Cash Flows From Investing Activities:	'	'
Purchases of marketable securities	-42,700	-60,128
Proceeds from sale of marketable securities	64,407	124,042
Purchases of property and equipment, net	-62,966	-71,745
Net cash used in investing activities	-41,259	-7,831
Cash Flows From Financing Activities:	'	'
Proceeds from issuance of common stock	4,297	7,900
Excess tax benefit from stock-based compensation	1,196	1,437
Dividends paid	-22,901	-17,777
Repurchase of common stock	-16,527	-90,208
Net cash used in financing activities	-33,935	-98,648
Effects of exchange rate changes on cash and cash equivalents	-3	0
Net increase in cash and cash equivalents	77,943	36,558
Cash and Cash Equivalents, Beginning of period	36,444	56,859
Cash and Cash Equivalents, End of period	114,387	93,417
Supplemental Disclosures of Cash Flow Information:	'	'
Cash paid for interest	151	182
Cash paid for income taxes, net	$36,812	$43,167

Basis_Of_Presentation

Basis Of Presentation	6 Months Ended
	Aug. 02, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis Of Presentation	'
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements of Chico’s FAS, Inc. and its wholly-owned subsidiaries (collectively, the “Company”) have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and notes required by accounting principles generally accepted in the U.S. (“U.S. GAAP”) for complete financial statements. In the opinion of management, such interim financial statements reflect all normal, recurring adjustments considered necessary to present fairly the condensed consolidated financial position, the results of operations and cash flows for the interim periods presented. All significant intercompany balances and transactions have been eliminated in consolidation. For further information, refer to the consolidated financial statements and notes thereto for the fiscal year ended February 1, 2014, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 14, 2014.
	As used in this report, all references to “we,” “us,” “our,” and “the Company,” refer to Chico’s FAS, Inc. and all of its wholly-owned subsidiaries.
	Our fiscal years end on the Saturday closest to January 31 and are designated by the calendar year in which the fiscal year commences. Operating results for the thirteen weeks and twenty-six weeks ended August 2, 2014 are not necessarily indicative of the results that may be expected for the entire year.

New_Accounting_Pronouncements

New Accounting Pronouncements	6 Months Ended
	Aug. 02, 2014
Accounting Changes and Error Corrections [Abstract]	'
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers. The update outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for interim and annual reporting periods beginning after December 15, 2016. The standard allows for either a full retrospective or a modified retrospective transition method. We are currently assessing the potential impact of adopting this ASU, but do not, at this time, anticipate a material impact to our consolidated results of operations, financial position or cash flows.

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Aug. 02, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	Stock-Based Compensation
	For the twenty-six weeks ended August 2, 2014 and August 3, 2013, stock-based compensation expense was $12.7 million and $14.3 million, respectively. As of August 2, 2014, approximately 7.1 million shares remain available for future grants of equity awards under our 2012 Omnibus Stock and Incentive Plan.
	Restricted Stock Awards
	Restricted stock award activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Unvested, beginning of period	3,883,134		$	15.13
	Granted	1,572,490		16.53
	Vested	(982,907	)	15.68
	Forfeited	(162,029	)	15.8
	Unvested, end of period	4,310,688		15.49
	Performance-based restricted stock award activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Unvested, beginning of period	17,222		$	13.69
	Granted	—		—
	Vested	(17,222	)	13.69
	Forfeited	—		—
	Unvested, end of period	—		—
	Performance-based Restricted Stock Units
	For the twenty-six weeks ended August 2, 2014, we granted performance-based restricted stock units (“PSUs”), contingent upon the achievement of a Company-specific performance goal during fiscal 2014. Any units earned as a result of the achievement of this goal will vest over 3 years from the date of grant and will be settled in shares of our common stock.
	Performance-based restricted stock unit activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Unvested, beginning of period	485,935		$	15.01
	Granted	657,000		16.51
	Vested	(240,596	)	15.01
	Forfeited	(18,166	)	15.3
	Unvested, end of period	884,173		16.12
	Stock Option Awards
	For the twenty-six weeks ended August 2, 2014 and August 3, 2013, we did not grant any stock options. In the years that we granted options, we used the Black-Scholes option-pricing model to value our stock options.
	Stock option activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Exercise Price
	Outstanding, beginning of period	2,642,269		$	15.63
	Granted	—		—
	Exercised	(255,994	)	11.98
	Forfeited or expired	(172,238	)	20.37
	Outstanding, end of period	2,214,037		15.68
	Exercisable at August 2, 2014	2,150,710		$	15.82

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Aug. 02, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	In accordance with relevant accounting guidance, unvested share-based payment awards that include non-forfeitable rights to dividends, whether paid or unpaid, are considered participating securities. As a result, such awards are required to be included in the calculation of earnings per common share pursuant to the “two-class” method. For us, participating securities are composed entirely of unvested restricted stock awards and PSUs that have met their relevant performance criteria.
	Earnings per share (“EPS”) is determined using the two-class method, as it is more dilutive than the treasury stock method. Basic EPS excludes dilution and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period, including participating securities. Diluted EPS reflects the dilutive effect of potential common shares from non-participating securities such as stock options and PSUs.
	The following table sets forth the computation of basic and diluted EPS shown on the face of the accompanying condensed consolidated statements of income (in thousands, except per share amounts):
		Twenty-Six Weeks Ended						Thirteen Weeks Ended
		August 2, 2014			August 3, 2013			August 2, 2014			August 3, 2013
	Numerator
	Net income	$	70,008		$	94,710		$	30,126		$	43,588
	Net income and dividends declared allocated to participating securities	(1,902		)	(2,612		)	(842		)	(1,284		)
	Net income available to common shareholders	$	68,106		$	92,098		$	29,284		$	42,304
	Denominator
	Weighted average common shares outstanding – basic	148,584			157,379			148,694			156,589
	Dilutive effect of non-participating securities	543			943			524			984
	Weighted average common and common equivalent shares outstanding – diluted	149,127			158,322			149,218			157,573
	Net income per common share:
	Basic	$	0.46		$	0.58		$	0.2		$	0.27
	Diluted	$	0.46		$	0.58		$	0.2		$	0.27
	For the twenty-six weeks ended August 2, 2014 and August 3, 2013, 0.6 million and 1.1 million potential shares of common stock, respectively, were excluded from the diluted per share calculation relating to non-participating securities, because the effect of including these potential shares was antidilutive.
	For the thirteen weeks ended August 2, 2014 and August 3, 2013, 0.6 million and 1.0 million potential shares of common stock, respectively, were excluded from the diluted per share calculation relating to non-participating securities, because the effect of including these potential shares was antidilutive.

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Aug. 02, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	Our financial instruments consist of cash, money market accounts, marketable securities, assets held in our non-qualified deferred compensation plan and accounts receivable and payable. Cash, accounts receivable and accounts payable are carried at cost, which approximates their fair value due to the short-term nature of the instruments.
	Marketable securities are classified as available-for-sale and as of August 2, 2014 generally consist of corporate bonds, municipal bonds, and U.S. government and agency securities with $53.4 million of securities with maturity dates within one year or less and $40.9 million with maturity dates over one year and less than two years.
	We consider all marketable securities available-for-sale, including those with maturity dates beyond 12 months, and therefore classify these securities within current assets on the condensed consolidated balance sheets as they are available to support current operational liquidity needs. Marketable securities are carried at fair value, with the unrealized holding gains and losses, net of income taxes, reflected in accumulated other comprehensive income until realized. For the purposes of computing realized and unrealized gains and losses, cost is determined on a specific identification basis.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. Entities are required to use a three-level hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels are defined as follows:
		Level 1	—	Unadjusted quoted prices in active markets for identical assets or liabilities
		Level 2	—	Unadjusted quoted prices in active markets for similar assets or liabilities, or; Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or; Inputs other than quoted prices that are observable for the asset or liability
		Level 3	—	Unobservable inputs for the asset or liability
	We measure certain financial assets at fair value on a recurring basis, including our marketable securities, which are classified as available-for-sale securities, certain cash equivalents, specifically our money market accounts, and assets held in our non-qualified deferred compensation plan. The money market accounts are valued based on quoted market prices in active markets. Our marketable securities are generally valued based on other observable inputs for those securities (including market corroborated pricing or other models that utilize observable inputs such as interest rates and yield curves) based on information provided by independent third party pricing entities, except for U.S. government securities which are valued based on quoted market prices in active markets. The investments in our non-qualified deferred compensation plan are valued using quoted market prices and are included in other assets on our consolidated balance sheets.
	From time to time, we measure certain assets at fair value on a non-recurring basis, including evaluation of long-lived assets, goodwill and other intangible assets for impairment using company-specific assumptions which would fall within Level 3 of the fair value hierarchy.
	Fair value calculations contain significant judgments and estimates, which may differ from actual results due to, among other things, economic conditions, changes to the business model or changes in operating performance.
	During the quarter ended August 2, 2014, we did not make any transfers between Level 1 and Level 2 financial assets. Furthermore, as of August 2, 2014, February 1, 2014 and August 3, 2013, we did not have any Level 3 cash equivalents or marketable securities. We conduct reviews on a quarterly basis to verify pricing, assess liquidity, and determine if significant inputs have changed that would impact the fair value hierarchy disclosure.
	In accordance with the provisions of the guidance, we categorized our financial assets, which are valued on a recurring basis, based on the priority of the inputs to the valuation technique for the instruments, as follows:
					Fair Value Measurements at Reporting Date Using
		Balance as of August 2, 2014			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
					(Level 1)		(Level 2)		(Level 3)
		(in thousands)
	Current Assets
	Cash equivalents:
	Money market accounts	$	2,424		$	2,424	$	—	$	—
	Marketable securities:
	Municipal securities	25,736			—		25,736		—
	U.S. government securities	2,159			2,159		—		—
	U.S. government agencies	15,520			—		15,520		—
	Corporate bonds	50,861			—		50,861		—
	Non Current Assets
	Deferred compensation plan	7,560			7,560		—		—
	Total	$	104,260		$	12,143	$	92,117	$	—
		Balance as of February 1, 2014
	Current Assets
	Cash equivalents:
	Money market accounts	$	7,509		$	7,509	$	—	$	—
	Marketable securities:
	Municipal securities	51,519			—		51,519		—
	U.S. government securities	9,812			9,812		—		—
	U.S. government agencies	9,020			—		9,020		—
	Corporate bonds	45,651			—		45,651		—
	Non Current Assets
	Deferred compensation plan	6,299			6,299		—		—
	Total	$	129,810		$	23,620	$	106,190	$	—
		Balance as of August 3, 2013
	Current Assets
	Cash equivalents:
	Money market accounts	$	5,829		$	5,829	$	—	$	—
	Marketable securities:
	Municipal securities	91,903			—		91,903		—
	U.S. government securities	35,026			35,026		—		—
	U.S. government agencies	5,008			—		5,008		—
	Corporate bonds	76,497			—		76,497		—
	Non Current Assets
	Deferred compensation plan	5,092			5,092		—		—
	Total	$	219,355		$	45,947	$	173,408	$	—

Subsequent_Events

Subsequent Events	6 Months Ended
	Aug. 02, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	The Company is not aware of any material subsequent events which would require recognition or disclosure in the condensed consolidated financial statements.

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	6 Months Ended
	Aug. 02, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary Of Restricted Stock Activity	'
	Restricted stock award activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Unvested, beginning of period	3,883,134		$	15.13
	Granted	1,572,490		16.53
	Vested	(982,907	)	15.68
	Forfeited	(162,029	)	15.8
	Unvested, end of period	4,310,688		15.49
Performance-Based Restricted Stock	'
	Performance-based restricted stock award activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Unvested, beginning of period	17,222		$	13.69
	Granted	—		—
	Vested	(17,222	)	13.69
	Forfeited	—		—
	Unvested, end of period	—		—
Schedule Of Performance-Based Stock Units	'
	Performance-based restricted stock unit activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Grant Date
				Fair Value
	Unvested, beginning of period	485,935		$	15.01
	Granted	657,000		16.51
	Vested	(240,596	)	15.01
	Forfeited	(18,166	)	15.3
	Unvested, end of period	884,173		16.12
Summary Of Stock Option Activity	'
	Stock option activity for the twenty-six weeks ended August 2, 2014 was as follows:
		Number of		Weighted
		Shares		Average
				Exercise Price
	Outstanding, beginning of period	2,642,269		$	15.63
	Granted	—		—
	Exercised	(255,994	)	11.98
	Forfeited or expired	(172,238	)	20.37
	Outstanding, end of period	2,214,037		15.68
	Exercisable at August 2, 2014	2,150,710		$	15.82

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Aug. 02, 2014
Earnings Per Share [Abstract]	'
Schedule Of Earnings Per Share	'
	The following table sets forth the computation of basic and diluted EPS shown on the face of the accompanying condensed consolidated statements of income (in thousands, except per share amounts):
		Twenty-Six Weeks Ended						Thirteen Weeks Ended
		August 2, 2014			August 3, 2013			August 2, 2014			August 3, 2013
	Numerator
	Net income	$	70,008		$	94,710		$	30,126		$	43,588
	Net income and dividends declared allocated to participating securities	(1,902		)	(2,612		)	(842		)	(1,284		)
	Net income available to common shareholders	$	68,106		$	92,098		$	29,284		$	42,304
	Denominator
	Weighted average common shares outstanding – basic	148,584			157,379			148,694			156,589
	Dilutive effect of non-participating securities	543			943			524			984
	Weighted average common and common equivalent shares outstanding – diluted	149,127			158,322			149,218			157,573
	Net income per common share:
	Basic	$	0.46		$	0.58		$	0.2		$	0.27
	Diluted	$	0.46		$	0.58		$	0.2		$	0.27

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 02, 2014
Fair Value Disclosures [Abstract]	'
Financial Assets Valued On A Recurring Basis, Based On The Priority Of The Inputs To The Valuation Technique	'
	In accordance with the provisions of the guidance, we categorized our financial assets, which are valued on a recurring basis, based on the priority of the inputs to the valuation technique for the instruments, as follows:
				Fair Value Measurements at Reporting Date Using
		Balance as of August 2, 2014		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
				(Level 1)		(Level 2)		(Level 3)
		(in thousands)
	Current Assets
	Cash equivalents:
	Money market accounts	$	2,424	$	2,424	$	—	$	—
	Marketable securities:
	Municipal securities	25,736		—		25,736		—
	U.S. government securities	2,159		2,159		—		—
	U.S. government agencies	15,520		—		15,520		—
	Corporate bonds	50,861		—		50,861		—
	Non Current Assets
	Deferred compensation plan	7,560		7,560		—		—
	Total	$	104,260	$	12,143	$	92,117	$	—
		Balance as of February 1, 2014
	Current Assets
	Cash equivalents:
	Money market accounts	$	7,509	$	7,509	$	—	$	—
	Marketable securities:
	Municipal securities	51,519		—		51,519		—
	U.S. government securities	9,812		9,812		—		—
	U.S. government agencies	9,020		—		9,020		—
	Corporate bonds	45,651		—		45,651		—
	Non Current Assets
	Deferred compensation plan	6,299		6,299		—		—
	Total	$	129,810	$	23,620	$	106,190	$	—
		Balance as of August 3, 2013
	Current Assets
	Cash equivalents:
	Money market accounts	$	5,829	$	5,829	$	—	$	—
	Marketable securities:
	Municipal securities	91,903		—		91,903		—
	U.S. government securities	35,026		35,026		—		—
	U.S. government agencies	5,008		—		5,008		—
	Corporate bonds	76,497		—		76,497		—
	Non Current Assets
	Deferred compensation plan	5,092		5,092		—		—
	Total	$	219,355	$	45,947	$	173,408	$	—

StockBased_Compensation_Narrat

Stock-Based Compensation (Narrative) (Details) (USD $)	6 Months Ended
In Thousands, except Share data in Millions, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Compensation expense related to stock-based awards	$12,684	$14,304
Shares available for future grants	7.1	'
Performance-Based Awards [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock-based awards, vesting period	'3 years	'

StockBased_Compensation_Summar

Stock-Based Compensation (Summary Of Restricted Stock And PSU Activity) (Details) (USD $)	6 Months Ended
	Aug. 02, 2014
Restricted Stock [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]	'
Unvested, beginning of period, Number of Shares	3,883,134
Granted, Number of Shares	1,572,490
Vested, Number of Shares	-982,907
Forfeited, Number of Shares	-162,029
Unvested, end of period, Number of Shares	4,310,688
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'
Unvested, beginning of period, Weighted Average Grant Date Fair Value	$15.13
Granted, Weighted Average Grant Date Fair Value	$16.53
Vested, Weighted Average Grant Date Fair Value	$15.68
Forfeited, Weighted Average Grant Date Fair Value	$15.80
Unvested, end of period, Weighted Average Grant Date Fair Value	$15.49
Performance Based Award Activity [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]	'
Unvested, beginning of period, Number of Shares	17,222
Granted, Number of Shares	0
Vested, Number of Shares	-17,222
Forfeited, Number of Shares	0
Unvested, end of period, Number of Shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'
Unvested, beginning of period, Weighted Average Grant Date Fair Value	$13.69
Granted, Weighted Average Grant Date Fair Value	$0
Vested, Weighted Average Grant Date Fair Value	$13.69
Forfeited, Weighted Average Grant Date Fair Value	$0
Unvested, end of period, Weighted Average Grant Date Fair Value	$0
Performance Based Restricted Stock Units [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]	'
Unvested, beginning of period, Number of Shares	485,935
Granted, Number of Shares	657,000
Vested, Number of Shares	-240,596
Forfeited, Number of Shares	-18,166
Unvested, end of period, Number of Shares	884,173
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]	'
Unvested, beginning of period, Weighted Average Grant Date Fair Value	$15.01
Granted, Weighted Average Grant Date Fair Value	$16.51
Vested, Weighted Average Grant Date Fair Value	$15.01
Forfeited, Weighted Average Grant Date Fair Value	$15.30
Unvested, end of period, Weighted Average Grant Date Fair Value	$16.12

StockBased_Compensation_Summar1

Stock-Based Compensation (Summary Of Stock Option Activity) (Details) (USD $)	6 Months Ended
	Aug. 02, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'
Outstanding, beginning of period, Number of Shares	2,642,269
Granted, Number of Shares	0
Exercised, Number of Shares	-255,994
Forfeited or expired, Number of Shares	-172,238
Outstanding, end of period, Number of Shares	2,214,037
Exercisable at August 2, 2014, Number of Shares	2,150,710
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]	'
Outstanding, beginning of period, Weighted Average Exercise Price	$15.63
Granted, Weighted Average Exercise Price	$0
Exercised, Weighted Average Exercise Price	$11.98
Forfeited or expired, Weighted Average Exercise Price	$20.37
Outstanding, end of period, Weighted Average Exercise Price	$15.68
Exercisable at August 2, 2014, Weighted Average Exercise Price	$15.82

Earnings_Per_Share_Narrative_D

Earnings Per Share (Narrative) (Details)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Earnings Per Share [Abstract]	'	'	'	'
Antidilutive securities, number of shares	0.6	1	0.6	1.1

Earnings_Per_Share_Schedule_Of

Earnings Per Share (Schedule Of Earnings Per Share) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income	$30,126	$43,588	$70,008	$94,710
Net income and dividends declared allocated to participating securities	-842	-1,284	-1,902	-2,612
Net income available to common shareholders	$29,284	$42,304	$68,106	$92,098
Weighted average common shares outstanding–basic	148,694	156,589	148,584	157,379
Dilutive effect of non-participating securities	524	984	543	943
Weighted average common and common equivalent shares outstanding – diluted	149,218	157,573	149,127	158,322
Net income per common share: Basic (in dollars per share)	$0.20	$0.27	$0.46	$0.58
Net income per common share: Diluted (in dollars per share)	$0.20	$0.27	$0.46	$0.58

Fair_Value_Measurements_Narrat

Fair Value Measurements (Narrative) (Details) (USD $)	Aug. 02, 2014
In Millions, unless otherwise specified
Fair Value Disclosures [Abstract]	'
Securities with maturity dates less than one year	$53.40
Securities with maturity dates over one year and less than two years	$40.90

Fair_Value_Measurements_Financ

Fair Value Measurements (Financial Assets Valued On A Recurring Or Non-Recurring Basis, Based On The Priority Of The Inputs To The Valuation Technique) (Details) (USD $)	Aug. 02, 2014	Feb. 01, 2014	Aug. 03, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Deferred compensation plan	$7,560	$6,299	$5,092
Total	104,260	129,810	219,355
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Deferred compensation plan	7,560	6,299	5,092
Total	12,143	23,620	45,947
Significant Other Observable Inputs (Level 2) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Deferred compensation plan	0	0	0
Total	92,117	106,190	173,408
Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Deferred compensation plan	0	0	0
Total	0	0	0
Corporate Bonds [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	50,861	45,651	76,497
Corporate Bonds [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]	'	'	'
Marketable securities	0	0	0
Corporate Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	50,861	45,651	76,497
Corporate Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	0	0	0
Municipal Securities [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	25,736	51,519	91,903
Municipal Securities [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]	'	'	'
Marketable securities	0	0	0
Municipal Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	25,736	51,519	91,903
Municipal Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	0	0	0
U.S. Government Securities [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	2,159	9,812	35,026
U.S. Government Securities [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]	'	'	'
Marketable securities	2,159	9,812	35,026
U.S. Government Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	0	0	0
U.S. Government Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	0	0	0
U.S. Government Agencies [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	15,520	9,020	5,008
U.S. Government Agencies [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]	'	'	'
Marketable securities	0	0	0
U.S. Government Agencies [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	15,520	9,020	5,008
U.S. Government Agencies [Member] | Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Marketable securities	0	0	0
Money Market Accounts [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Cash equivalents	2,424	7,509	5,829
Money Market Accounts [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]	'	'	'
Cash equivalents	2,424	7,509	5,829
Money Market Accounts [Member] | Significant Other Observable Inputs (Level 2) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Cash equivalents	0	0	0
Money Market Accounts [Member] | Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Cash equivalents	$0	$0	$0